This year’s No.7 typhoon "Chapaka" generated the China Meteorological Bureau: it is expected that its intensity will gradually increase.

  Cctv newsAccording to central weather bureau news, following the generation of Typhoon No.6 "Fireworks" this year, the tropical depression in the South China Sea was strengthened to Typhoon No.7 this year at 8: 00 am on July 19 (tropical storm level; Chinese name: Chapaka; English name: Cempaka;; Name source: Malaysia; Name meaning: a plant famous for its fragrant flowers.

  At 8 o’clock, the Chapaka center is located on the sea about 175 kilometers southeast of Yangjiang City, Guangdong Province, and the maximum wind force near the center is 8 (18 m/s). It is expected that its intensity will gradually increase, and it will land on the southern coast of Guangdong from the night of 20th to the early morning of 21st (tropical storm level or strong tropical storm level, 8-10, 20-25m/s); It is also possible to wander around the sea surface in the central and western Guangdong, and then move to the northeast. Affected by this, there will be strong wind and rain in central and southern Guangdong and coastal areas. Please pay close attention to the nearby weather information in time and take relevant preventive measures.

  This year’s No.6 typhoon "Fireworks" is stronger than yesterday, and continues to move to the north-north direction, and its intensity is gradually strengthened, and the strongest can reach typhoon level or strong typhoon level (40-48 m/s, 13-15); On the 21st, it moved into the East China Sea, and then gradually approached the coast of Fujian and Zhejiang. Because of the uncertainty of its future moving path and intensity, the Central Meteorological Observatory will pay close attention to its trend and provide the public with forecast and early warning information in time.

Xiaomi responded that SU7 can’t refund the deposit: consumers can’t refund if they take the initiative to lock the order.

Yichexun According to the mediaIt is reported that after Xiaomi Auto SU7 went on sale, some consumers complained on the rights protection platform that the car deposit of 5,000 yuan could not be refunded.

Some netizens posted on the social platform: "I grabbed the first Xiaomi car at 10 o’clock, mistakenly locked the configuration, clicked the button outside the order, and the prompt button didn’t obviously tell me not to return it." Some netizens said that "the configuration lock button of Xiaomi car didn’t have a second prompt, and I didn’t know that 5 thousand could not be returned until I accidentally touched it."

In response, Xiaomi responded that there is no reason to refund the deposit within 7 days. After more than 7 days, the vehicle configuration will be automatically locked, and consumers can also actively lock the configuration in advance. Once the order is locked, the vehicle will enter the production stage, the configuration can no longer be modified, and the deposit will not be refunded. In addition, the original version of the existing car configuration has been locked, and consumers will lock the order after paying a deposit of 20,000 yuan.

The first model of Xiaomi, SU7, was officially launched last night. According to official data, the car broke through 10,000 in 4 minutes, 20,000 in 7 minutes and 50,000 in 27 minutes, and the data has not been updated yet. In addition, last night, a poster of "SU7 broke through 90,000 sets in 81 minutes" was circulated on the Internet, and Wang Hua, general manager of Xiaomi’s public relations department, made a fake.

These stories are behind China Capital’s best film Oscar.

Special feature of 1905 film network "We invited the media to watch the film yesterday, and this afternoon, they all came to ask if we had tickets."


This is what a staff member told us at a movie-watching event held in Beijing on the evening of February 25th. At noon that day, this film about a working-class white and black musician touring the southern United States, which has long discriminated against blacks, just won the Oscar for best picture.

At 6 o’clock in the evening, at least four halls will show this newly-released award-winning work. The cinema is crowded.


At about 9 o’clock, after the screening of the three halls ended, there were still audiences with Green Book’s movie tickets. After this screening, Green Book will be officially released on March 1st, just four days after this year’s Oscar ceremony.


It can be called the most synchronized time for China audience and Oscar-winning movies in recent ten years.



One of the reasons for the rapid release is that Alibaba Pictures participated in the film last year. But forAlibaba Pictures, as a listed company, its president Zhang Wei said it is inconvenient to disclose the specific amount or proportion of the investment.


Zhang Wei said that introducing Green Book to China is a challenge:


"This film is not a commercial film that sells well in the traditional sense, and the racial theme has never been on the big screen in China. Last year, the film about NASA black female scientists received a very good response overseas, and it didn’t go to the China cinema line. There is also a film produced by our participant media company, which is also the theme of black whites. The story he told about black whites in a specific era has never been on the big screen in China."

Although it is a rare imported film theme in China. However, after the Oscar ceremony, the pre-sale in Green Book has reached 1.62 million, and the proportion of pre-arranged films is 19.7%.


In addition to the awards, Gao Xiaosong, as the representative of investors and the chairman of Ali Entertainment Strategy Committee, appeared on the red carpet of the Oscars on the day of Weibo. He took a selfie of himself on the red carpet, and took a photo with Green Book screenwriter and producer, Nick Willenger, the son of the hero Tony Willenger.

In the past day alone, the screening ratio in Green Book increased to 22.6% on the evening of 26th. On the first day of its release on March 1st, the number of pre-screening sessions in China exceeded 20,000, and the pre-sales exceeded 2 million.



Although this achievement is a little "stingy" compared with the Spring Festival stalls and Hollywood blockbusters, it is a pre-sale achievement with the remaining temperature and the same day’s release.


What is even more sensational than winning the prize is that Ma Yun appeared at the movie-watching ceremony on the evening of February 25th.


During the day’s activities, the media were only told that besides Alibaba Pictures’s top management, there were also mysterious guests coming. Near the start of the event, Xiao Dianjun learned that Ma Yun was going to make an appearance, but it was unknown whether he would open the platform for Green Book.


The movie-watching ceremony full of guests is like a big gathering of Ma Yun and his friends. Lenovo CEO Liu Chuanzhi, Softbank Asia President Yan Yan and actor Jing Tian all came to the scene to support the film.

Finally, Ma Yun, who watched Green Book three times, stood up and said something like this: "A good movie is not made of money, and it doesn’t have to have an earth-shattering story. It can be as touching as it seems dull."


China film practitioners should return to their true love of movies and pay more attention to the social significance behind them, instead of being trapped by the fame and fortune brought by movies. Ma Yun said that if these can be done, then "China movies are not far from the Oscars."

Zhang Wei defines Green Book as a "word-of-mouth film", which is the impulse of the audience to share after watching it.


She told Xiao Dianjun that Green Book had been shown in the cinema since November last year in the United States. Therefore, I hope that relying on word of mouth can make the film stay in the cinema in China for a long time.

In the United States, many film critics thought it was a "tailor-made" film for the award season at the beginning of its release. Zhang Wei revealed that due to the influence of awards on film arrangement,After watching the film, the decision-makers of the film industry decided that the release date in the mainland was the first weekend after the Oscar awards.


Has this decision predicted that Green Book will swim to the end in the award season?


For this consideration, Zhang Wei did not respond positively, but borrowed a sentence: "There is still a dream, what if it comes true?" She said: "There is another sentence because I believe, all see, and these two sentences are especially applicable to this film. Some things really have to dare to think and have a goal. "

But Alibaba Pictures’s Green Light Committee was surprisingly unanimous in its decision to invest in the film.


The so-called green light Committee is a decision-making meeting of senior executives of film companies for investment, budget approval, from development stage to main photography stage.


Zhang Wei told Xiao Dianjun,The members of the green light Committee made a decision to participate in the film one night after watching it in the fastest time.


She revealed that after the members of the Committee saw Green Book, no one predicted the box office: "This film is very interesting. Sometimes when a film is taken out, everyone will discuss it. After watching this film, the Green Light Committee was surprisingly unanimous. No one said what the box office estimate was, and everyone said that the story was too good to go."



By the end of 2019, three of the nine best Oscar films born in 2010 have been shown to the audience on the mainland big screen. But nine years ago, the audience couldn’t feel the charm of the Oscar for best film on the screen as quickly as they do now.


After winning the prize in 2011,After a lapse of one year, it was released in China on February 24th, 2012, with a box office of 6.28 million.


In 2012, he won the prize. The film was released in the mainland at the end of the same year, which was two months shorter than the interval of The King’s Speech. The Artist entered the mainland cinema in the form of a buyout film.It is understood that the copyright fee in that year was about 3.7 million yuan, but the box office was only 4.17 million.


The reason why these two films were cold in the mainland market was that the mainland cinemas at that time preferred Hollywood special effects blockbusters — — It is the era when 3D is revived and people scramble to enter the cinema — — It is that the interval between the award-winning time and the release schedule is too long. Oscar fever has passed, the target audience has lost, and the best release time has long passed.


Since 2012, the Oscar for Best Film has been out of the mainland’s commercial cinemas. After winning the best film in 2018, it was quickly released in the mainland on March 16 of that year, and the time interval from winning the prize to the release was only 10 days. The speed is a miracle.

This film, which is extremely small in subject matter and expression form, finally got 100 million box office.Is there an award bonus in this? We can do the math.


The winner of three awards was released in September 2017, focusing on war and big scenes, with 339 million yuan, and the box office was even lower than its previous performance in the mainland. At this time, the audience still doesn’t know whether the film will be affirmed by the Oscar.

As a historical biopic, it also locked in the mainland cinema before the Oscar. After the release on December 1, 2017, although the reputation was good, the box office was only 37.313 million.

It was released in the mainland three days before the 2018 Academy Awards. As a film that is not traditionally loved by mainland audiences from the main creation to the story, Three Billboards Outside Ebbing, Missouri only relies on the release of the Art Association, with a final income of 64.99 million.


Secondly, the weekend box office was almost the same as the first weekend, just in the middle of the Oscar.



Further exploration, in 2015, it was released in the mainland five months after winning the Oscar for best adapted screenplay and being nominated for best film.The box office still reached 52.557 million.


At the 88th Oscar in 2016, Leonardo DiCaprio finally won the Best Actor, while the film that helped him realize his dream won two awards: Best Director and Best Photography.


The award was presented on February 28th, and was released in the Mainland on March 18th, with a box office of 377 million.I have to say that with the popularity of the Oscars, art cinema, which originally seemed to be "not selling well", had a higher box office.

This shows that,Winning the Oscar, especially the awards of performance, director and best film, has played a lot of bonus effects on the distribution and box office of movies in the mainland.


It was only released after a lapse of one year in the past, and now it is almost synchronized with the award ceremony. Naturally, China’s participation in the international film market is getting higher and higher.


Taking Green Book as an example, Alibaba Pictures made a decision to participate in the voting in 2018. Zhang Wei, president of Alibaba Pictures, revealed that the rapid filing of films is also related to Huaxia Film Company:


"Because there is a set of procedures for China film import, our most hopeful schedule is the first weekend after the Oscar awards. All things need to be planned for all processes in this industry to be realized. He didn’t happen to win the Oscar award by accident, but happened to be on this weekend, which requires a lot of mutual cooperation. I am especially grateful to Mr. Fu of Huaxia, because I showed it to Mr. Fu while showing it to the Green Light Committee. Because he is very senior, and many other imported films cooperate with Huaxia, I hope he will turn it off for me, and he also watched the film quickly. "


The reason why Alibaba Pictures was able to enter the game saved by Hollywood was related to the company behind Green Book.Green Book’s major producers are DreamWorks and Participant Media, both of which are inextricably linked with Spielberg’s company Amperin.



Unlike the film "Tale of Water", which was directly handed over to the six big Hollywood companies for global distribution, Green Book chose the way of finding distribution partners in each region. In the United States, it was handed over to Universal Pictures. One of the partners in China is Alibaba Pictures.


Zhang Wei introduced this strategy to us, saying:


"In the distribution system of Amperin, the United States is doing it globally, and overseas distribution has found the strongest local partner, which is also based on his understanding of the film industry. When he reorganized Amperin in 2015, he set aside an investment share for a China partner, and he especially set aside all the rights of China from the global arrangement. He said that I believe that the best partner is a local company, instead of giving it to a global company for film promotion in China. What’s more important is to find a local grounding partner. This is the strategy he set at the beginning. This is very difficult because you have to have a certain strategic plan and be very persistent. "

Apart from Green Book, the Oscar movies that have been able to enter China quickly in recent years are more or less related to China Capital.


Revenant was jointly produced by Aofei Film. It has reached a monthly cooperation with New Regent Entertainment, the production company of revenant, with a total investment of no more than 60 million, and shared the global box office of these three films according to the contribution ratio.



Bai Jie, head of the revenant project of Aofei Film, revealed in an interview that the company had already participated in the script creation stage of revenant, and had long known that Leonardo was the star, and the whole cooperation process was very smooth.


For another example, behind it is the cooperation intention reached between Dianguang Media and Lionsgate Films.


On January 28th, 2015, Dianguang Media signed a cooperation agreement with Lionsgate Film (Summit Entertainment) to jointly invest $1.5 billion in the production and development of film projects in the next three years, while Dianguang Media Film invested no more than 25% in a single film, which was also the largest content cooperation project in the history of mainland films at that time.



China Capital’s recent attention at the Academy Awards has even reachedIn the short film broadcast at the 2018 awards ceremony, the logo of China Wanda also appeared.


It can be predicted that there will be more and more China capital behind the Oscar films in the future.


From the emergence of such Chinese filmmakers in the early years, and now as the driving force of movies, China elements have participated in the Oscar games in a new form.

As for the cliche "China’s bid for the Olympics", let’s not forget that the Oscar is just an American award.


Its understanding of China and even Asian films is very clear in this year’s mourning session:In the time of a song, among the filmmakers’ faces that flashed by, the only Asian filmmakers were Zou Wenhuai, who founded Jiahe Film, and Gao Tianxun, the director of Japanese animation studio Ghibli.


China Bohai Bank innovates the "bank+community" interconnected financial technology service model.

Red Net Time August 24th (correspondent Chen Siru) At the "2021 Third China Retail Finance Development Summit and Zero One Finance Zero One Think Tank Summer Summit" held recently, Zero One Finance, the authoritative media in the retail finance field, and China Retail Finance Think Tank officially released "From Ecological Platform to Remote Bank: Retail Finance Development Report 2021". The report comprehensively and systematically analyzes and interprets the development of the retail finance industry from four dimensions: the new forces of retail finance under the supervision and upgrading of remote banks, the five driving factors of digital technology empowering smart retail banks, and the ecology and prospect of the industry.
The report includes a number of cases of benchmark banks and licensed institutions such as consumer finance companies, financial leasing companies, trust companies and insurance companies in AI employees, scene construction and digital anti-fraud. It is worth noting that Bohai Bank Co., Ltd. (hereinafter referred to as "Bohai Bank") has become the only national joint-stock bank selected for this report by virtue of its achievements in the digital transformation process of building an "agile and temperature-sensitive eco-bank" and the innovative measures of "smart property" in the industry’s original "bank+community" model.
In the list selection released at the same time of the summit, Bohai Bank was shortlisted together with industrial and commercial bank of China, China Merchants Bank and other industry head banks and was awarded the title of "TOP30 Best Practice Case of Mobile Banking". The list evaluates the mobile banking construction and service capabilities of commercial banks from four dimensions, including mobile banking user scale activity, daily average startup usage, word-of-mouth rating of application stores -IOS, and product function experience, and 15 secondary indicators.
From Eco-platform to Remote Banking: Retail Finance Development Report 2021 published by Zero One Finance pointed out that financial technology enabled the digital transformation of retail banks, which has gone through major development stages such as Internet banking, open banking, eco-platform construction and remote banking. The non-contact financial model that emerged with the epidemic caused the industry to focus on the transition from open banking and ecological platform to the innovation and development of remote banking.
As the youngest national joint-stock bank, Bohai Bank realized earlier in the industry that "digital transformation is the key driving force for commercial banks to realize strategic transformation." Based on this, Bohai Bank started the "three-step mode" of "online, digital and intelligent", and continued to promote comprehensive digital transformation through four major graspers: characteristics, integration, digitalization and internationalization.
During the "Third Five-Year Plan" period, Bohai Bank adhered to the digital transformation as the guide, continued to deepen the construction of the eco-banking system, and accelerated the financial technology empowerment of the eco-platform.
Around the construction of eco-bank, Bohai Bank has accelerated the improvement of "four product lines" for retail, wholesale, depository and non-bank financial institutions. Focusing on the construction of electronic channels, the bank strengthened the construction of the new version of mobile banking APP, expanded the research and development of new product functions, developed the travel project of Bohai UnionPay QR code, and carried out various marketing activities to improve the card binding rate of mobile payment. Around the channel construction, the bank built a new UnionPay collection and authentication channel, and gradually improved the use function of online II and III households. Focusing on the construction of anti-fraud system, we will continue to optimize the background report function of anti-fraud system, deploy anti-flying single business transaction monitoring, and realize the refined management of channel equipment in public areas of global outlets.
Digital transformation has become the key driving force for Bohai Bank to realize its strategic transformation.
Stepping into the first year of the Fourth Five-Year Plan, Bohai Bank actively and orderly laid out and built "seven new infrastructure projects" led by financial technology, and jointly promoted the development of financial technology capabilities with technology and data. Especially in the post-epidemic era, we continue to explore the innovation of non-contact financial services in remote customer service centers, focusing on account management, payment and settlement, and financial products and services, and clearly put forward the establishment of an "ecological bank" with openness and ecological cooperation as the core.
Take the financial technology innovation service project of "Smart Property", which was shortlisted in the authoritative report of the industry, as an example. The innovative business scene of Bohai Bank is the scene of paying property fees. When community residents pay property fees through the "Property Service APP", they can choose the online account of Bohai Bank as the payment method. When users recharge and pay, they will become online customers and platform VIPs of Bohai Bank at the same time, and enjoy the exclusive financial services provided by the bank. By embedding its own service products into the "Property Services" APP, it only does what it is best at, and Bohai Bank connects external services in series, and finally realizes the transformation from APP users to its own customers.
Under the background of the rapidly rising demand for contactless services, Bohai Bank is accelerating the construction of a new version of mobile banking, the first entrance for online customers, focusing on creating an ecosystem of non-financial services on the basis of financial services, forming a mobile portal APP with the core highlights of "digital intelligence", "aggregation of high-quality rights and interests" and "immersive customer experience", and creating a scene service platform with the best experience and leading digital services around product functions, operating experience, scene service and technological innovation.
As Qu Hongzhi, president of Bohai Bank, put forward in a signed article published in China Finance magazine: "The development direction of commercial banks is to promote the construction of digital ecological banks."
"In the process of building an eco-financial system, although the resource endowment of small and medium-sized commercial banks is not as good as that of large commercial banks, they should also focus on establishing their own competitive advantages in co-building ecology and seize the key position in the value chain of the ecosystem." Qu Hongzhi wrote that based on ecological thinking, we should strengthen G-side interconnection, empower B-side enterprises to operate, radiate C-side "long tail" customers, innovate industrial chain and supply chain financial embedded services based on bank product pedigree, and then build a cross-B and C-side industry-finance ecology, and further export industry-level standardized solutions.
Reporting/feedback

Stimulate the endogenous motivation and innovation vitality of various business entities.

  During the two sessions of the National People’s Congress this year, General Secretary of the Supreme Leader pointed out when attending the deliberation of the Jiangsu delegation: "Perfect implementation ‘ Two unwavering ’ The institutional mechanism supports the development and growth of the private economy and private enterprises, and stimulates the endogenous motivation and innovation vitality of various business entities. "

  Business entities are the main participants in China’s economic activities, the main providers of employment opportunities and the main promoters of technological progress. Focusing on "stimulating the vitality of various business entities", this year’s "Government Work Report" has deployed a series of key tasks: in-depth implementation of the reform and upgrading of state-owned enterprises, and full implementation of the opinions and supporting measures to promote the development and growth of the private economy … … The policy continued to be strengthened, and the business entities were full of horsepower.

  "Continue to focus on innovation, dare to do it and dare to vote." Wang Chuanfu, Chairman and President of BYD Co., Ltd., introduced that this year, BYD made great efforts in vehicle intelligence and accelerated the efficient integration of electrification and intelligence of new energy vehicles.

  "Policies boost confidence and plan development with peace of mind." Lu Qian, vice president of Aauto Quicker Science and Technology Co., Ltd. said that the total transaction volume of e-commerce commodities in Aauto Quicker has exceeded one trillion yuan, and we should better grasp the new opportunities of digital consumption in the future.

  "Make long-term strategic planning and actively participate in international competition." Quan Gang, president of Beijing Stone Century Technology Co., Ltd. said that smart products such as sweepers are deeply loved by overseas consumers and will continue to expand overseas markets.

  Macro-policy space is wide, helping enterprises to tide over difficulties and grow steadily.

  General Secretary of the Supreme Leader pointed out: "There should be more policies that are conducive to stable expectations, steady growth and stable employment."

  Since the beginning of this year, the market demand has continued to recover, and business entities have felt the continuous policy temperature while perceiving the market heat.

  The "Government Work Report" puts forward: "Implement the structural tax reduction and fee reduction policy and focus on supporting scientific and technological innovation and manufacturing development." "The cost of promoting comprehensive social financing has declined steadily." "Optimize supporting measures such as financing credit enhancement, risk sharing and information sharing to better meet the financing needs of small and medium-sized enterprises."

  Fiscal policy improves quality and efficiency, allowing enterprises to go into battle lightly.

  Enjoy R&D expenses plus deduction of about 11.96 million yuan; Enjoy the preferential enterprise income tax policy, and reduce the tax by 15,622,600 yuan … … In March, Pan Yifeng, general manager of Guangzhou Zhongke Yuntu Intelligent Technology Co., Ltd. received a list of taxes and fees sent by Yuexiu District Taxation Bureau of Guangzhou City, State Taxation Administration of The People’s Republic of China. "We will invest the tax relief funds in the research and development of UAV application systems and install smarter drones. ‘ Brain ’ 。”

  Last year, China’s new tax and fee concessions exceeded 2.2 trillion yuan. "There are many preferential tax and fee policies with wide coverage and long duration, which warms people’s hearts and boosts confidence." He Yang, deputy dean of the School of Finance and Taxation of the Central University of Finance and Economics, said that this year’s policy focuses on key areas and key links, which is conducive to further promoting high-quality development.

  Monetary policy is accurate and effective, sowing "timely rain" for enterprises.

  Yan Mingji, the head of Zhejiang Yuhuan Mingji Metal Material Co., Ltd., recently got a loan of 1.5 million yuan. "Corporate funds were once difficult to turn around. Without collateral and guarantors, it was not easy to get a loan." Yan Mingji said.

  The staff of Yuhuan Yongxing Village Bank came to solve the problem and cooperated with Taizhou Xinbao Fund Financing Guarantee Co., Ltd., focusing on solving the problem of insufficient credit of non-loan households and finding a guarantor for the enterprise. Yan Mingji, who got the working capital, soon accepted a big order of 5 million yuan.

  The People’s Bank of China lowered the RRR by 0.5 percentage point, and lowered the interest rate of refinancing and rediscounting for supporting agriculture by 0.25 percentage point & HELIP; … This year, the monetary policy continued to play the dual functions of aggregate and structure, providing sufficient funds and living water for the development of business entities, while accurately drip irrigation for small and medium-sized enterprises.

  All kinds of policies work together in the same direction to help enterprises seek development.

  Recently, Dezhou Taiding New Materials Technology Co., Ltd. has had frequent good news: 200,000 yuan of subsidy for job stabilization "arrived in seconds" and 2 million yuan of incentive funds for enterprise scale improvement "came to the door" … … "Shandong Pingyuan County People’s Social Security Bureau, Industry and Information Bureau and Examination and Approval Service Bureau jointly sent policies to provide combined support." Wang Lianshui, chairman of the company, said.

  The Government Work Report proposes to "enhance the consistency of macro-policy orientation" and "strengthen the coordination and cooperation of fiscal, monetary, employment, industrial, regional, scientific and technological, environmental protection and other policies". With the implementation of the policy document evaluation mechanism, the synergy of various policies has been significantly improved, and more business entities have felt the overlapping effectiveness of policies.

  "This year, some new measures will be taken to optimize the reserves. These incremental measures and stock policies will be superimposed to protect the stable operation of the economy." Kang Yi, Party Secretary and Director of the National Bureau of Statistics, said that at present, China’s government debt level and inflation rate are both low, so there are conditions and space for implementing macro policies.

  There are many dividends in reform and opening up, and the business environment continues to be optimized.

  General Secretary of the Supreme Leader pointed out: "To promote Chinese modernization, we must further comprehensively deepen reform and opening up, constantly liberate and develop social productive forces, and liberate and enhance social vitality."

  The basic system of market economy has been continuously improved, the construction of a unified national market has been accelerated, and the layout of the Pilot Free Trade Zone has been optimized … … Since the beginning of the year, all localities and departments have continued to deepen reform and opening up, removing "fences" and cultivating "soil" to stimulate the vitality of various business entities with greater efforts.

  The Government Work Report puts forward: "State-owned enterprises, private enterprises and foreign-funded enterprises are all important forces in modernization. We should constantly improve and implement ‘ Two unwavering ’ The system and mechanism create a good environment for fair competition and competitive development for enterprises of all types of ownership. "

  Deepen the reform of state-owned enterprises and let them dare to do it.

  On March 2nd, the first nuclear fuel loading of Unit 4 of CGNPC Fangchenggang Nuclear Power Station in Guangxi coastal Beibu Gulf was successful, and it entered the commissioning stage with nuclear power.

  "The domestic and intelligent nuclear power construction goes hand in hand, and we pioneered the modular hoisting technology of nuclear island steel lining of nuclear power plant to fill the domestic technical gap." Liu Tianjun, Secretary of the Party Committee and Chairman of the Nuclear Power Construction Branch of China Construction Second Bureau, introduced that China Construction Second Bureau deepened the scientific research organization mode such as "horse racing mechanism" and "unveiling the list" and enhanced its core competitiveness by accelerating original technical research.

  This year, the deepening and upgrading of the reform of state-owned enterprises has been carried out in depth, and deepening reforms have been carried out in optimizing the allocation of resources, improving institutional mechanisms, and improving institutional guarantees, encouraging state-owned enterprises to focus on the "big country" and focus on the needs of the country and be a "pillar".

  Strengthen fair competition and let private enterprises dare to break in.

  Nearly 300 workers race against time for construction, and welding sparks echo the sound of steel cutting. Recently, the construction site of stem cell research and development center of Sanjiang Holding Group Co., Ltd. in Xiaoshan District, Hangzhou, Zhejiang Province is in full swing.

  "The project is expected to be put into use in September." Sun Guoxiang, the chairman of the company, said that the whole process from land bidding, auction and auction to project construction was open and transparent. Xiaoshan District fully gave private enterprises equal opportunities to participate, and also provided one-stop services such as deputy agency to press the "acceleration button" for project construction.

  The fair competition review regulations have been accelerated, the anti-unfair competition law has been accelerated, and the national key private investment project library has been continuously enriched … … Liu Sushe, deputy director of the National Development and Reform Commission, said that as of February 29 this year, there were 1,612 projects attracting private capital, with a total investment of more than 2 trillion yuan. "With the implementation of the series of policies, private investment increased by 0.4% from January to February, and the growth rate turned from negative to positive, showing a good development trend."

  Open wider to the outside world and let foreign companies dare to invest.

  Walking into the filling workshop of Yihai Kerry (Qingdao) Food Industrial Park, a Singaporean enterprise located in jiaozhou city, Shandong Province, the fragrance was everywhere, and sesame oil and peanut oil were squeezed and filled off the assembly line in an orderly manner.

  "From the initial planned investment of 300 million US dollars to the current investment of 1.8 billion US dollars in three phases." Xu Yongjun, general manager of Yihai Kerry (Qingdao) Food Industrial Park, said that JIAOZHOU has provided a series of preferential policies in international logistics, modern trade and two-way investment, which gives enterprises the confidence to continuously increase capital and expand production. At present, the second phase of the project has started.

  Reasonably reduce the negative list of foreign investment access, and expand the list of industries and foreign investment projects that encourage foreign investment … … In March, the "Action Plan for Firmly Promoting High-level Opening-up and Greater Attraction and Utilization of Foreign Capital" was issued, and the door was opened wider and wider. In the first two months of this year, 7160 foreign-invested enterprises were newly established nationwide, up 34.9% year-on-year. Foreign-invested enterprises expressed their confidence in developing in China with practical actions.

  Breaking barriers and filling shortcomings, the reform and opening-up dividend continued to be released, and the business entities were promoted to improve quality and expand capacity. In 2023, the number of newly established business entities in China reached 32.727 million, a year-on-year increase of 12.6%, of which "four new economies" enterprises accounted for 39.4%.

  High-quality development is full of vitality and accelerate the development of new quality productivity.

  From January to February this year, investment in high-tech industries increased by 9.4% year-on-year, and investment in technological transformation of manufacturing industry increased by 15.1%. All kinds of business entities use the policy red envelope to run on the new track with high quality development.

  In March, General Secretary of the Supreme Leader pointed out during his inspection in Hunan: "Strengthen the dominant position of scientific and technological innovation of enterprises, promote the deep integration of capital chain and talent chain in innovation chain industrial chain, and accelerate the transformation of scientific and technological achievements into real productive forces."

  The "Government Work Report" puts forward: "Vigorously promote the construction of a modern industrial system and accelerate the development of new quality productive forces."

  March towards "new" and the industry will grow sturdily in the future.

  "You have a new routine check task." Wearing the 5G industrial AR smart glasses developed by Hangzhou Lingban Technology Co., Ltd., nuclear power workers can query the structure and operation and maintenance records of the equipment to be inspected in real time, and complete the spot inspection through gestures.

  Yuhang District, Hangzhou, where Lingban Technology is located, is accelerating the construction of an artificial intelligence town. By providing various research and development platforms and entrepreneurial policies, it supports the growth of more than 1,000 innovative projects in the fields of artificial intelligence and quantum information.

  Improve financial and taxation support policies and guide local governments to set up special funds for future industries … … At the beginning of this year, seven departments, including the Ministry of Industry and Information Technology, issued opinions to jointly lay out future industries and plant fertile soil for innovation.

  Climb to "high" and accelerate the upgrading of traditional formats.

  Using the digital factory integrated application system, the production of Shandong Haitun CNC Equipment Co., Ltd. has taken on a new look. "The production efficiency under the traditional mode is close to the limit, and the expansion of workers and the increase of shifts have little effect." Ding Xingkuan, the person in charge of the company, said that now the company’s 15 businesses are intelligent, the order delivery rate has increased by 50%, and the production efficiency has increased by 40%.

  Vigorously promote the transformation of enterprises’ intelligence from digital to network, cultivate and promote the application of new models and new scenes in the traditional manufacturing field … … With the help of policies, traditional industries have taken advantage of the "number" and driven the "cloud" butterfly change. More than 400 national-level intelligent manufacturing demonstration factories, more than 10,000 provincial-level digital workshops and intelligent factories have sprung up, and the modern industrial system has been accelerated.

  Going "green", there is a broad space for low-carbon development.

  Entering Zhejiang Jingyuan Optoelectronic Technology Co., Ltd., more than 100 workers are busy in more than 200 production lines in the factory building; Outside the factory building, the staff of State Grid Ningbo Power Supply Company are expanding transformers for the enterprise to undertake the rapid growth of photovoltaic production capacity.

  "The orders received this year have been scheduled for 2026." Hu Xiaogang, the company’s manufacturing director, said that the company has just obtained a project loan of more than 5 million yuan in pv ribbon, and will start to increase production at full capacity.

  New quality productivity itself is green productivity. The fiscal, taxation, financial and investment policies and related market mechanisms supporting green development have been continuously improved, and the green development momentum in various places is more sufficient: Jiangsu explores the construction of a zero-carbon factory, Hubei actively develops the green smart ship industry, and Anhui strengthens the promotion of new energy vehicles … …

  This year marks the 75th anniversary of the founding of New China, and it is a crucial year to realize the objectives and tasks of the 14th Five-Year Plan. Under the strong leadership of the CPC Central Committee with the Supreme Leader as the core and under the guidance of the Supreme Leader’s Socialism with Chinese characteristics Thought in the New Era, the majority of business entities will be able to continuously achieve new achievements in high-quality development and make new and greater contributions to Chinese modernization.

A-share evaluation: the three major stock indexes all rose by more than 1%, and the real estate sector was heavy and positive, and the real estate sector lifted the daily limit! Over 4,000 shares rose

On May 17th, the index collectively strengthened in the afternoon, and the three major stock indexes all rose more than 1% in late trading. In terms of sectors, real estate stocks rose strongly, with special services reaching a daily limit of 20cm, while Rongan Real Estate (000517), gemdale (600383), Vanke A and other stocks surged. The low-altitude economy was strong in the afternoon, with the daily limit of 20 cm for Jiaokong Technology (688015), Shenglan Shares and Xinchen Technology (300542); The concept of carbon fiber followed up, with Andaville (300719) and Nanjing Julong (300644) rising by more than 10%, and Jilin Chemical Fiber (000420) closing the board at the daily limit. In terms of decline, the media game sector fluctuated at a low level, with Xinghui Entertainment (300043) and Xinhuadu (002264) leading the decline; Pharmaceutical stocks fell collectively, led by Sinopharm Hyundai and Taiji Group (600129); The home appliance sector continued to adjust, and Hongzhi Technology fell by 5%. Overall, individual stocks showed a general upward trend, with more than 4,000 stocks rising.

At the close, the Shanghai Composite Index reported 3154.03 points, up 1.01%; The Shenzhen Component Index reported 9709.42 points, up 1.10%; Chuangzhi reported 1864.94 points, up 1.12%.

On the disk, real estate development, general aviation and copper cable high-speed connection were among the top gainers, while precious metals, small household appliances and short play games were among the top losers.

Hot plate:

1. Real estate

Urban construction development, Vanke A, Airport Co., Ltd. (600463) (rights protection), City Investment Holdings (600649) and many other shares are active.

In the news, the People’s Bank of China and the State Financial Supervision and Administration Bureau announced today that the minimum down payment ratio for commercial personal housing loans for the first set of housing should be adjusted to not less than 15%, and that for commercial personal housing loans for the second set of housing should be adjusted to not less than 25%.

2, copper high-speed connection

Ruikeda, Shenyu (300563), Shenglan, Huamai Technology (603042) and other stocks strengthened.

In the news, Quanta, an electronics OEM, said that the server equipped with NVIDIA GB200 is expected to be mass-produced in September. The organization pointed out that GB200 adopted the high-speed copper cable scheme for the first time, and the current value of a single NVL72 copper cable is about 500,000.

News:

1、[Central Bank: The interest rate of individual housing provident fund loans will be lowered by 0.25 percentage points from May 18th]The People’s Bank of China issued a notice on lowering the interest rate of individual housing provident fund loans. Since May 18, 2024, the interest rate of individual housing provident fund loans has been lowered by 0.25 percentage point, and the interest rates of the first set of individual housing provident fund loans for less than five years (including five years) and more than five years have been adjusted to 2.35% and 2.85% respectively, and the interest rates of the second set of individual housing provident fund loans for less than five years (including five years) and more than five years have been adjusted to not less than 2.775% and respectively.

2、[Industry insiders say that Intel has stepped up orders for advanced packaging equipment and materials]According to industry sources, Intel has increased orders with a number of equipment and material suppliers to produce the next generation of advanced packaging based on glass substrate technology, which is expected to be put into mass production in 2030.

3、[EU initiated anti-dumping investigation against China tinplate. China has made a clear statement before]According to Reuters’s report on 16th, the European Commission initiated an anti-dumping investigation on tinned steel (commonly known as "tinplate") imported from China, in order to evaluate whether the products imported from China to the EU are sold at too low a price. China has repeatedly responded to the so-called dumping of "overcapacity" products by China to some western countries: this is naked trade protectionism, which is essentially because the countries concerned are worried about their competitiveness and market share, and use this as an excuse to discredit and suppress China.

4、[The issuance of Chengdu-Chongqing Comprehensive Transportation Standard System will accelerate the development of standards such as intelligent transportation, intelligent logistics and green low carbon]Recently, the Ministry of Transport, the General Administration of Market Supervision, Chongqing Municipality and Sichuan Province jointly issued the Chengdu-Chongqing Comprehensive Transportation Standard System to promote the high-quality development of comprehensive transportation in Chengdu-Chongqing area. The construction of standard system will be divided into two steps. The first step: By 2027, basically establish a standard system to promote the high-quality development of comprehensive transportation in Chengdu-Chongqing area. Step 2: By 2035, through continuous improvement and optimization, a more systematic, comprehensive, advanced, applicable, open and compatible standard system will be built.

Institutional point of view:

Honghan Investment said that in terms of index, the market oscillated with the trend of quantity and energy amplification after turning into the shock stage, which was reflected in the signs of increased activity of funds and the limited space for the expected decline of funds; In terms of structure, real estate is still the main direction of bulls, especially today, many large central enterprises’ construction companies are increasing in volume, which is also the inevitable trend of blue-chip coherence represented by China Special Appraisal. On the whole, there is not much room for market adjustment, waiting for the 20-day moving average to rise steadily. During this period, it is very likely to achieve a balance between long and short positions. Pay attention to the opportunity to buy on dips.

An value investment pointed out that after a continuous rapid upward trend, the current A-share market has entered a stage of technical adjustment and shock callback. In the context of the real estate sector soaring for two consecutive days, the market trading activity has increased today. Generally speaking, market sentiment is in a wait-and-see state, and the overall market turnover is shrinking. The negative growth of one-month social finance and the negative change of M1, as well as the United States’ tariff increase on China, have increased the market’s worries about uncertainty. Although it is difficult to expect the apparent data to change by leaps and bounds in the short term, the new social financing in the second and third quarters is expected to pick up marginally in the context of the acceleration of the issuance of special government bonds and fiscal expenditure, and the acceleration of government financing and real estate policies. The expected changes have reduced the uncertainty of the stock market. As the bond market shows signs of another shock correction, it may drive the stock market to fluctuate and rise in the future. In the direction, resources, information technology and medical care, which have experienced a long-term contraction in production capacity before, may have more opportunities.

Reporting/feedback

WEY Tank 300′ s "Broken Circle" Road

    International Online auto channel News: Excellent off-road capability and strong passability, the most prominent product characteristics of hard-core off-road products are obviously not just needed in the consumer market. Considering the rough style of hard-core off-road and the "informality" in comfort configuration, it is destined that they are the technical products of minority off-road enthusiasts and are active in a small circle with limited radius.

WEY Tank 300' s "Broken Circle" Road

Tank 300

    WEY Tank 300 is like a huge rock that has been put into the niche hard-core off-road market. The achievement of pre-sale orders exceeding 10,000 in 20 days reflects the trend that Tank 300 has continued to become popular since its debut. More consumers who are on the sidelines and the whole industry are also paying attention to the last suspense left by Tank 300 — — Price. On December 17th, WEY Tank 300 unveiled the final suspense. The prices of three pre-listed models: Explorer, Challenger and Conqueror were 175,800 yuan, 195,800 yuan and 213,800 yuan respectively. The excellent mechanical quality of the products, the luxury concept followed by the brand, and the WEY tank 300 with both off-road capability and luxury attributes have officially opened the road of "breaking the circle" with moving prices.

WEY Tank 300' s "Broken Circle" Road

Tank 300

    "No gender difference" full coverage

    The main car buyers of traditional hard-core off-road products are relatively concentrated in men. According to the official statement, the proportion of female users in the existing pre-sale orders of WEY Tank 300 has reached 30%, which not only opened the pre-sale in the form of "Goddess Special" before, but also established the Tank 300 Women’s Club after the official listing. Obviously, in addition to the off-road nature of the product, the sense of design fashion and luxury of the tank 300 greatly expanded the product audience, which of course benefited from WEY’s successful product marketing strategy for the tank 300.

WEY Tank 300' s "Broken Circle" Road

Tank 300

    At the launch conference of Tank 300, Mr. Li Ruifeng, Senior Vice President of Great Wall Motor, CMO of WEY brand, stated: "At present, among more than 260 dealers of Tank 300 in WEY brand nationwide, only 50-60 dealers have exhibition cars, and even fewer dealers are equipped with test cars, so many orders for Tank 300 with more than 10,000 vehicles at present are under the condition that users have not seen the cars and tried them ‘ Close your eyes ’ Ordered. "

WEY Tank 300' s "Broken Circle" Road

Tank 300

    This kind of enthusiasm, which is close to "blind ordering", is not only the good reputation created by WEY brand before, but also the success of Tank 300 "Ecosphere". Under the strategy of "co-creation by users", Tank 300 builds the whole link of automobile life around the whole life cycle of users, providing users with richer experiences and higher-value services, and truly making friends with users by building a multi-dimensional and complete car travel ecology.

    Full care of "iron man’s tenderness"

    According to the standard of hard-core off-road products, the answer sheet of Tank 300 can be called perfect score. The standard compact SUV size (length, width and height are 4760/1930/1903mm and wheelbase is 2750mm respectively) is obviously not won by "body shape". The square shape conveys the most classic off-road vehicle design elements, a large number of straight lines outline a full sense of strength, and the circular headlights also transmit a pure retro atmosphere. The sense of science and technology created by the interior screen and the exquisite color matching materials also show the exquisiteness rarely seen in hard-core off-road. If the exterior design of the tank 300 is a standard tough guy, then the atmosphere inside the car gives people a lot of warmth.

WEY Tank 300' s "Broken Circle" Road

Tank 300

    In terms of the mechanical quality that hardcore off-road products value most, the tank 300 can definitely be called a powerful core. The non-loaded body is equipped with quasi-"three locks", the departure angle of 33 approach angle and 34, and the original wading depth of 700 mm. Combining the functions of crawling mode, tank steering and chassis perspective, the power combination of the 2.0T+8AT gearbox is consistent with that of Haval H9, the most famous hardcore SUV under Great Wall Motor. On the premise of sharing technology, the smaller body size of tank 300 will undoubtedly have more operational space in the process of cross-country crossing.

    On the other hand, in terms of active and passive safety, Tank 300 demonstrates the advantages of the product when driving on urban roads. L2-level automatic driving assistance functions integrate full-speed ACC intelligent adaptive cruise, LKA lane keeping, AEB automatic emergency braking, TST traffic sign automatic identification, RPA remote parking, BSD omni-directional blind area monitoring and other functions. Compared with the traditional hard-core off-road products, the convenience and safety of the tank 300 when commuting in the city will make drivers more useful.

WEY Tank 300' s "Broken Circle" Road

Tank 300 interior

    Competitiveness analysis:

    For WEY brand, the importance of Tank 300 is self-evident. Within more than four years since the brand was established, the VV5, VV6 and VV7 models launched by WEY brand mainly focus on the urban SUV market. Although they have achieved the gap with Harvard in terms of design, configuration and quality, the three products are slightly homogeneous. Tank 300 has not only realized the obvious difference from the same brand in design language, but also directly entered a new market segment in product positioning, which is an important exploration for WEY brand.

WEY Tank 300' s "Broken Circle" Road

Tank 300

    For the market, the number of hard-core off-road products launched by independent brands is rare compared with numerous urban SUVs. The competitive environment faced by tank 300 is relatively relaxed. Combined with the unique characteristics of the products and the luxury endorsement of WEY brand, there is no direct competitor in the same price segment. The initial market fever reaction also confirms the "scarcity" of tank 300 in the market. And with the upgrading of emission regulations this year, many joint venture brands and imported hard-core off-road products have been delisted, and the supply of hard-core off-road products in the market is tight, which directly leads to the price increase in the terminal market and highlights the price advantage of tank 300.

    Combined with reasonable pricing and compatible positioning, the competitiveness of WEY tank 300 will continue to show. From a more far-reaching perspective, the tank 300 with more product characteristics has the ability to form a unique product culture and become an important footnote in the development track of WEY brand and even Great Wall Motor. (Author: Huang Yi)

What are the advantages of the new 1 billion domestic beauty cosmetics?

1 billion, has always been an important milestone in domestic beauty.

For the brand,This is not only a numerical achievement, but also an important promotion of brand recognition, influence and consumer base in the market.

Recently, the "Annual Sales List of National Cosmetics Brands" released by User said that in the past year, 28 domestic cosmetics exceeded 1 billion.(The sum of GMV of the brand in Amoy/JD.COM/Tik Tok platforms); Among them, 10 brands have exceeded 2 billion yuan, namely Polaiya, Winona, Kanshu, Nature Hall, Huaxizi, Kerfumei, Kazilan, Grain Rain, HBN and Ou Shiman.

Rotation.

In recent years, the list of domestic beauty products that have entered the "1 billion club" has been changed several times. Behind the alternation of the old and the new is also an iterative history and evolution theory of the industry.

First, the pattern: Amoy system is stable, Aauto Quicker is reduced, and Tik Tok is "star-making" in batches.

In terms of platforms, Taoxi, Tik Tok, Aauto Quicker and other platforms have different star-making capabilities.

Take Amoy as an example. From 2021 to 2023, the number of domestic beauty brands that can break through 1 billion on the Amoy platform is 8, 9 and 9 respectively, which tends to be stable.

However, the Matthew effect of beauty brands on this platform is becoming more and more obvious. From 2021 to 2023, Polaiya won the title of TOP1, a domestic beauty product, and its GMV soared from 2.718 billion yuan to 6.361 billion yuan. The GMV of TOP2 brand, which is a domestic beauty product, has also been upgraded from 2 billion to 3 billion.

At the same time, the list of 1 billion+domestic beauty products on the Taobao platform is constantly changing: in 2022 and 2023, Zhiben, Kwadi, HBN and Kerfumei are all new members.

Compared with the stable output of Amoy platform, Tik Tok’s 1 billion domestic beauty brands are "gushing out". From 2021 to 2023, the number of 1 billion+domestic beauty cosmetics in Tik Tok was 1, 4 and 9 respectively, showing a rapid upward trend.

As can be seen from the changes in the list,The pattern of beauty cosmetics in Tik Tok is gradually diversified.

First, the head beauty of domestic products broke out.In 2023, Kans climbed to the top of Tik Tok Beauty TOP1 with a GMV of 3.34 billion. In addition, Polaiya also passed the threshold of 2 billion in Tik Tok.

Second, the beauty instrument brand has made a strong breakthrough.In 2022 and 2023, the strength of Shuguang and Extremely Meng exceeded 1 billion yuan, and the GMV of Extremely Meng in 2023 was even close to 2 billion yuan.

Third, Tik Tok brand has achieved an order of magnitude jump.In 2023, Diane and Jiao Runquan were two major Tik Tok brands.(generally refers to the brand that grew up in Tik Tok)They broke through one billion in succession and became the newest members of Tik Tok’s one billion club.

Different from the strong performance of Tik Tok platform, Aauto Quicker’s "star-making" ability in the beauty sector showed a downward trend. From 2021 to 2023, the number of 1 billion+domestic beauty cosmetics in Aauto Quicker was 2, 2 and 1 respectively.

Since 2021, domestic beauty brands that have exceeded 1 billion in Aauto Quicker are fast brands.(generally refers to the brand that grew up in Aauto Quicker)And the GMV of the head brand is decreasing year by year. In 2021, Dora Doshan, a brand ranked in Aauto Quicker Beauty TOP1, had a GMV of 1.539 billion yuan in that year; By 2023, the title of Aauto Quicker Beauty TOP1 was won by Dai Laixi, and the GMV in that year was 1.131 billion yuan.

According to the comprehensive multi-platform data performance(The sum of GMV of the brand in Amoy/JD.COM/Tik Tok platforms)In 2023, a total of 28 domestic beauty products entered the 1 billion+camp. Among them, many brands are new members, such as Caitang, Skin Future, Ermu Grape, Youshiyan and so on.

Second, a great leap in channels, marketing and products

In the decades of the development of domestic beauty products, the list of entering the 1 billion camp has changed several times.

G8 brand rising from CS channel(refers to the eight domestic beauty brands that ranked first at that time), to the Amoy brand that grew from the Amoy Department, and now to the shaking brand and fast brand that quickly occupy a place, all(Zeng)It is the main force in the 1 billion domestic beauty camp.

Behind the replacement of this list is a beauty industry about channels, marketing and products.(Consumer demand)The big jump.

Channel change: from offline to online, from amoy to new e-commerce platform.

In the past 20 years, the main channel of beauty sales has shifted from offline to online. According to Euromonitor statistics, the proportion of e-commerce channel sales in the beauty and personal care industry has rapidly increased from 9.90% in 2012 to 42.30% in 2022, and it has developed into a single sales channel with the highest proportion. The proportion of sales of traditional convenience stores and supermarkets decreased from 37.50% in 2012 to 18.80% in 2022.

Under the channel reform, the ranking of head brands has also changed a lot. Take the cosmetics category as an example. From 2008 to 2022, the sales proportion of cosmetics in e-commerce channels jumped from 2% to 54%. Therefore, before 2018, Kazilan and Mary Daijia, who grew up offline, have always been the leaders of domestic makeup; In 2019 and beyond, relying on the perfect diary that grew up in online channels, Hua Xizi successfully "took over". It is worth mentioning that Kazilan, which has successfully transformed, is still ranked in the first camp of domestic cosmetics.

Marketing upgrade: from TV promotion to social media announcement, from traditional advertising to content marketing, from graphic to short video.

In the past 10 years, there have been many changes in the way beauty brands go out of the circle. More than 10 years ago, TV advertising was once the main channel of marketing and advertising for beauty brands, and many brands won the market by virtue of the title film and television variety show. A typical example is Han Hou. According to China Entrepreneur Magazine, Han Hou once won the naming rights of Jiangsu Satellite TV Happiness Theater and If You Are the One with 200 million yuan, and won the right to use the "Little Man’s Waist" for five years. At its peak, the Empress Han earned more than one billion yuan only by paying taxes a year.

Since 2016, the rise of emerging e-commerce channels and social media, such as Xiaohongshu, Tik Tok and Aauto Quicker, has led to the second explosion of the vitality of domestic brands. Puyin International Research Report pointed out that during this period, cosmetics brands used the function of "planting grass" on various platforms to let consumers know the efficacy of products in detail, and at the same time, big data push also allowed brands to reach consumers accurately. The early "betting" on the perfect diary of Xiaohongshu and HFP who got the bonus of WeChat WeChat official account were the winners of this period.

Now, with the help of short drama marketing, Kans has achieved a breakthrough in Tik Tok. According to the previous report of Cosmetics Watch, in 2023, Han Shu took the lead in launching a new type of short play, and cooperated with Tik Tok’s head short play expert @ Jiang Shiqi for five short plays, which won a total of 5 billion broadcasts, directly completing the closed loop of planting grass and buying, and driving the sales growth of the product "Red Waist Series".

Product innovation: efficacy, composition and technology become the key words to win.

A few years ago, the efficacy of most domestic beauty products was mainly based on hydrating and moisturizing. Around 2017, with the awakening of consumer awareness, the "component party" became a common practice. Run Baiyan and Kuadi, whose main characteristics are hyaluronic acid, both broke through the 1 billion mark in just four years. As the earliest and most representative brand of China constituent party, HFP came to the 1 billion camp in 2018.

Nowadays, with the increasing popularity of recombinant collagen, the most representative brand in this field, Kefumei, has also come to the 2 billion camp. According to Dongguan Securities Research Report, collagen skin care products will become the largest category of functional skin care products market in China in the future, and its market scale is expected to reach 77.5 billion yuan in 2027. 

At the same time, in the TOP20 of the annual sales list of national cosmetics brands released by User Talk, the parent companies of brands such as Polaiya, Winona, Kefumei, Dr. Ai, Run Baiyan and Quadi all have certain advantages in scientific research.

Third, who still has a chance?

On the whole, the brand’s own efforts, market changes, consumers’ choices and the support of national policies have jointly promoted the development of domestic beauty brands to a higher level.

The user said that the founder Lin Kai-kun believes that domestic beauty products that can enter the 1 billion+camp at present generally have two commonalities:First, the brand has enough popularity and time accumulation.A long time span helps brands to build deep brand power, and also allows them to accumulate loyal customers and brand value through continuous market activities and user interaction.Second, a star single product or series with strong recognition.These brands are often able to launch at least one iconic product or series, which make users pay for their unique efficacy, design or concept.

In addition to having a trump card item and enough time to precipitate, we can also see many characteristics of the brand from the list of new 1 billion+domestic beauty products.

In the view of JASON ZHANG, the founder of Xieshu Consulting and the co-founder of Pinshu, the brands that can be listed at present,It is a very good signal that not only the main market is small and beautiful, but also some brands have got rid of the low-price label.

She said that the products of these brands are built around the core target users, so they have established their own differentiation and competition barriers. For example, Grain Rain has the right to speak in the whitening market because of its technological breakthrough in glabridin; Another example is Winona, who is deeply involved in the sensitive muscle market, and is currently the king in this field; At the same time, positioning the essence of minimalist skin care also allows it to break through in the market.

"Taking history as a mirror, you can know the rise and fall." The current characteristics of head beauty brands are an important factor for their success. In the future, what kind of brands have a better chance to enter the billion-dollar camp? From a comprehensive perspective, brands that can break through need to master the following competitiveness.

First of all, there are clear categories and market positioning.

Lin Kaizhuo said that brands need to clearly locate their target markets and consumer groups, including in-depth understanding of category attributes and accurate grasp of the needs of target customers.

JASON ZHANG also believes that brands need to have a particularly clear positioning, find a small and beautiful breakthrough, and create their own product differences and core advantages in a small and beautiful track.

Secondly, strong innovation ability and adaptability. 

"Under the background of diversified consumer demand and changing market, only brands with strong innovation ability are more likely to succeed, including product innovation, marketing strategy, channel expansion and customer experience." Lin Kaizhuo said.

Thirdly, brand strength and scientific research strength are also the key words to win domestic beauty.

JASON ZHANG mentioned that brand power and marketing power are two dimensions. To some extent, marketing power is linked to sales, but brand power is more linked to popularity. Take Hermes as an example, the users of Hermes are limited, because its price filters out many consumers, but basically no one knows Hermes. Marketing power creates users/users, while brand power creates popularity. At present, domestic beauty cosmetics are facing the biggest challenge, which is the lack of brand power.

She also said that the solution ten years ago could not solve the problem ten years later. Therefore,Constantly iterative technology and constantly improving scientific research strength can help brands cross the cycle.


Note: The statistical dimension of this article only includes online platforms. At present, beauty brands that have exceeded 1 billion offline are not included in the list. The data have not been confirmed by the platform and the brand, and are for reference only.

This article comes from WeChat WeChat official account:Cosmetic observation view (id: pinguanjun), Author: Chen Qisheng

Youkehao Maweichi AE50 Sword refers to the middle and high-end tire market.

  【Pacific auto network tire channel】 Youke Haoma recently launched a comfortable and sporty tire — — BluEarth AE50, which is the third pattern tire of Weichi series after Weichi 1 and Weichi AE01, further enriches the Weichi series, indicating that it pays more attention to comfort tires, which is also related to the efforts of Youke Haoma to increase the domestic market. Then, what are the characteristics of Weichi AE50 tire? Let’s learn about it below.

Youkehao Maweichi AE50 Sword refers to the middle and high-end tire market.

● Technical features: control/quiet comfort/fuel saving.

  Youke HOMA BluEarth AE50 (hereinafter referred to as VIOS AE50) has three main performances: control, quiet comfort and fuel economy. These three have almost become the mainstream performance of the tire market, and they also meet the demand of Chinese people for car tires. After all, consumers buy a set of tires for their cars, first of all, they can ensure their handling and safety. Second, the driving should be quiet and comfortable, the tire noise should be small, and the bumpy feeling when passing through the speed bump is weak; Third, it would be better if it could save fuel. How can the three characteristics of Youkehao Maweichi AE50 be embodied?

1. Handling performance

Youkehao Maweichi AE50 Sword refers to the middle and high-end tire market.

  Weichi AE05 is designed with asymmetric patterns, and the inner side uses grooves to suppress eccentric wear, and the outer side uses large-area blocks to achieve the stability of the tire during cornering. The outer secondary power belt is composed of vertical and horizontal tire blocks (commonly known as diamond tire blocks), which ensures the high-strength handling requirements in the horizontal and vertical directions.

Youkehao Maweichi AE50 Sword refers to the middle and high-end tire market.

  The tire has five longitudinal grooves of different sizes, and two lightning-like grooves, one large and one small, are adopted in the middle, which can improve the rigidity, enlarge the length of the edge, and drain away rainwater as much as possible, so that vehicles can have better grip when driving on wet roads and improve the driving safety performance in rainy days.

Youkehao Maweichi AE50 Sword refers to the middle and high-end tire market.

  Weichi AE50 incorporates a brand-new orange oil formula, which can soften the tire, better fit the tiny bumps on the road surface and improve the grip. Promote heating when braking and turning need high grip, and the braking performance is stronger.

2. Quiet and comfortable

  As we all know, tires with variable pitch patterns can suppress the noise of tires. The noise suppression of tires with large pitch difference will be good before wear, but after wear, due to the large pitch difference, the mute performance will decrease obviously. Weichi AE50 adopts the newly developed silent pitch design, and 84 pitch combinations are upgraded, which can make the new clothes and use more silent.

Youkehao Maweichi AE50 Sword refers to the middle and high-end tire market.

  Weichi AE50 also adopts the design of variable pitch, but its pitch has little difference from pitch to pitch, so the design can ensure that its mute performance can continue after the tread is worn. Moreover, there is little difference between the pitches, which can effectively inhibit the occurrence of eccentric wear.

Step 3 save fuel

Youkehao Maweichi AE50 Sword refers to the middle and high-end tire market.

   What is the difference in fuel economy between the tires of Youkehaoma and those of the past? Weichi AE50 adopts "low fuel consumption polymer" which can inhibit tire heating. This low fuel consumption polymer has a long molecular chain, so the number of heating terminal parts is small and the energy loss is small.

Youkehao Maweichi AE50 Sword refers to the middle and high-end tire market.

   The sidewall is designed with a concave hole, which is similar to the surface of a golf ball, and can restrain the airflow turbulence behind the tire. Through this concave hole design, the airflow can be eased and the air resistance of the tire can be reduced. In addition, under the condition of not reducing the wear resistance of the tire, Weichi AE50 also stepped on lightweight rubber to reduce the weight of the tire and further improve the fuel-saving performance of the tire.

● Specification: Sword refers to mid-to high-end cars.

 

Youkehao Maweichi AE50 Sword refers to the middle and high-end tire market.

  Wei Chi AE50 announced 15 different specifications this time, which are suitable for three wheel hub sizes, namely 16, 17 and 18 inches; There are 7 species, ranging from 40 to 60 respectively; The speed is W, which is 270km, which is the speed level of sports car tires.  

Youkehao Maweichi AE50 Sword refers to the middle and high-end tire market.

  The specifications of 16, 17 and 18 inches break the tradition that Weichi series does not adapt to large-size wheels. The maximum size of the adapter hub of the first two Weichi products is 16 inches, while the maximum size of the adapter hub of Weichi AE50 is 18 inches, which makes up for the vacancy that Weichi series has no large size. At this point, the size of the hub adapted by Weichi series is from 14 inches — There are 18 inches, which is also the strategy that Youke Haoma intends to promote in China. The 17-inch and 18-inch models are the standard wheel hub sizes of mid-to high-end cars, and the model of Weichi AE50 is mainly concentrated in the 17-inch model. Of course, the goal is to increase the original matching and tire changing market of mid-to high-end cars. 

● Main competing products: The performance is roughly the same.

  From the function of publicity to the size of matching, there is no doubt that the main target of Weichi AE50 is the middle and high-end market; But there are already many powerful competitors in this market, and they are all gearing up and eager to occupy each other’s market share. With the joining of Wei Chi AE50, the competition in this market will be more intense. What are Weichi’s main competitors? Below I will simply list a few:

Youkehao Maweichi AE50 Sword refers to the middle and high-end tire market.

1. Bridgestone green song with EP200

  Green song with EP200 is a tire that focuses on handling, comfort and fuel saving, and it repeats the function promoted by Wei Chi AE50. This tire is a new product launched on the market last year, and its performance has yet to be tested by the market.

2. Michelin Primacy 3ST Haoyue

  Michelin, the rice fat man, has an extraordinary influence in the domestic tire market. Primacy 3ST Haoyue is also a new product introduced last year. It has a good performance after its launch, and X Bao’s monthly sales are very impressive. Its main performance is comfort, fuel economy and safety. In fact, it is roughly the same as the performance of Weichi AE50. We have also made its evaluation ("Manipulation is unexpected. Michelin Primacy 3ST long test",I found that this tire has a good performance in addition to quiet and comfortable.

3. Goodyear Yasunari

  Goodyear Safety Tire, also a new tire introduced in China last year, is mainly characterized by safety, comfort and handling. After this tire was put on the market, consumers recognized it and its sales performance was good.

4. Pirelli new P7

  The main performance of Pirelli’s new P7 is control, but it also has a good performance in silence, comfort and fuel economy, which undoubtedly coincides with the Weichi AE50. Moreover, with the good reputation of Pirelli tires, the sales volume of the new P7 has been good since its launch.

5. contiMAXcontact MC5

   The main performance of Mapai MC5 is also handling, but its quiet comfort is excellent. It is a tire that pays attention to handling and gives consideration to quiet comfort. Although it didn’t mention its fuel-saving performance, MC has a large market share by virtue of its good reputation.

Summary:

   The emergence of Weichi AE50 series makes up for the vacancy of Youke Homa tire in this market, and also adds a powerful competitor to the high-end market with fierce competition. Wei Chi AE50 has been quietly listed a few days ago, and 15 different specifications will be launched in succession. It overlaps with the functions of many competitors. How can we break through? It depends on its internal strength and the driver behind it. And what is its market competitiveness? This answer will be handed over to the market for testing. 

 

 If you want to know more about Youke Homa Tire, please click on the picture link below:

Tire Purchase Manual (11): Youke Haoma Tire Shopping Guide

All major brands of tires are shopping guides.

 

Joint Statement of the Government of People’s Republic of China (PRC) and the Government of Malaysia on Deepening and Upgrading the Comprehensive Strategic Partnership and Building a Community of Dest

  Xinhua News Agency, Kuala Lumpur, June 20th 

Joint Statement of the Government of People’s Republic of China (PRC) and the Government of Malaysia on Deepening and Upgrading the Comprehensive Strategic Partnership and Building a Community of Destiny between China and Malaysia

(Kuala Lumpur, June 20, 2024)

  On the occasion of the 50th anniversary of the establishment of diplomatic relations between People’s Republic of China (PRC) and Malaysia, at the invitation of Malaysian Prime Minister Anwar bin Ibrahim, People’s Republic of China (PRC) the State Council Prime Minister Li Qiang paid an official visit to Malaysia from June 18 to 20, 2024. In the meantime, Premier Li Qiang met with Malaysian Supreme Head of State Ibrahim, held talks with Prime Minister Anwar and attended the celebration of the 50th anniversary of the establishment of diplomatic relations between China and Malaysia. The two sides exchanged in-depth views on deepening and upgrading the comprehensive strategic partnership, promoting the building of a community of destiny between China and Malaysia and international and regional issues of common concern, and reached broad consensus.

  The leaders of the two countries agreed that China and Malaysia are good neighbors, heart-to-heart friends and win-win partners. Since the establishment of diplomatic relations on May 31, 1974, especially since the establishment of a comprehensive strategic partnership in 2013, China-Malaysia relations have made great progress, bringing tangible benefits to the two peoples and providing important assistance for the development and stability of the two countries. After half a century’s trials and tribulations, China-Malaysia friendship is increasingly showing great vitality. The leaders of the two countries promised to maintain strategic independence, strive for common development, adhere to honesty and mutual trust, safeguard fairness and justice, and carry out mutually beneficial cooperation.

  The leaders of the two countries agreed that today’s world has entered a new period of turmoil and change. As important representatives of developing countries and emerging economies in Asia, the strategic significance of bilateral relations is more prominent, which is not only related to the well-being of the two peoples, but also to the future and destiny of the region, and is of great significance to promoting unity and cooperation in the "global South". The two sides will work together to promote an equal and orderly world multipolarization and inclusive economic globalization. The Malaysian side highly appreciates the concept of building a community of human destiny, the "One Belt, One Road" initiative proposed by the Supreme Leader, the diplomatic concept of being sincere and accommodating neighboring countries, the global development initiative, the global security initiative and the global civilization initiative. China supports the basic principle of "Prosperous Malaysia" and advocates and promotes national innovation, care, tolerance and mutual respect.

  In 2023, China and Malaysia reached an important consensus on building a community of destiny between China and Malaysia, and will unswervingly strengthen and deepen bilateral cooperation to raise the building of a community of destiny between the two countries to a higher level.

  First, build a high level of strategic mutual trust

  (1) The leaders of the two countries agreed to maintain the momentum of high-level exchanges and provide important strategic guidance for the stable development of bilateral relations. The two sides will further strengthen exchanges between the central and local governments, legislatures and political parties, strengthen policy communication and deepen the exchange of experience in governing the country.

  (2) The two sides firmly support each other’s national development vision and goals. Malaysia highly admires China’s achievements in development in the new era, and highly praises China for comprehensively promoting the great rejuvenation of the Chinese nation with Chinese modernization. China appreciates Malaysia’s social and economic development achievements under the guidance of the concept of "Prosperous Malaysia".

  (3) The two sides firmly support each other in safeguarding national sovereignty, security and territorial integrity and adhere to the principle of non-interference in internal affairs. Malaysia reaffirms the principles of the joint communique signed by the leaders of the two countries on May 31, 1974, firmly adheres to the one-China policy, recognizes Taiwan Province as an inalienable part of People’s Republic of China (PRC), supports China’s national reunification, and does not support any "Taiwan independence" proposition. The two countries reaffirmed their commitment to maintaining social stability, safeguarding national security and promoting national unity.

  (4) The leaders of the two countries unanimously agreed to carry out more cooperation in the field of defense industry and strengthen national security exchanges and cooperation. The two sides reiterated their opposition to all forms of terrorism, and will strengthen law enforcement security and anti-terrorism cooperation, cooperate in combating transnational crimes, and contribute to regional peace and stability.

  Second, deepen development docking

  (1) The two sides will take the opportunity of signing the Cooperation Plan between the Government of People’s Republic of China (PRC) and the Government of Malaysia on Jointly Promoting the Construction of the Belt and Road, further deepen the docking of development strategies, strengthen pragmatic cooperation in various fields, promote integrated development and coordinated development, jointly decide and start jointly agreed projects, realize the deep integration of production, supply, value chain, data chain and talent chain, and further enhance the level and quality of China-Malaysia cooperation.

  (2) The leaders of the two sides agreed to strengthen economic and trade investment and infrastructure interconnection and cooperation. China actively supports Malaysia in promoting the development of domestic transportation, ports and related logistics industries. The two sides agreed to strengthen cooperation in rail transit and infrastructure to contribute to the realization of the vision of the Trans-Asian Railway. The two sides will continue to work closely together to promote key projects such as the East Coast Railway in Malaysia and the "Two-country Park", further expand the scale of trade, close financial cooperation, encourage two-way investment, strengthen exchanges and cooperation in the field of intellectual property rights, and provide a good business environment for economic and trade exchanges between the two sides. Malaysia welcomes China’s application to join the Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP) and reiterates that CPTPP remains open to the participation of economies that can meet the "Auckland Three Principles".

  (3) The two countries will seize the opportunity of the development of new productive forces such as digital economy, green development, artificial intelligence and energy, explore cooperation in the fields of advanced manufacturing, scientific and technological innovation, entrepreneurial development of small and medium-sized enterprises and financial services, and make use of the existing cooperation and promotion platform to jointly develop and determine new areas of mutual cooperation. China appreciates Malaysia’s open and fair opportunities for China enterprises to participate in Malaysia’s 5G network construction. The two sides agreed to carry out more exchanges and cooperation around the semiconductor value chain to maintain the stability of the global supply chain.

  (4) China is willing to import more Malaysian high-quality agricultural products, electronic and electrical products, halal food and green products, and participate in the international procurement plan organized by the Malaysian Foreign Trade Development Bureau, as well as international trade exhibitions held in Malaysia, such as the International Halal Food Exhibition, Malaysia International Furniture Exhibition and Malaysia International Green Technology and Ecological Products Exhibition Conference. China welcomes Malaysia to continue to expand its exports to China through platforms such as China International Import Expo and China-ASEAN Expo. China is willing to share its experience in poverty reduction and rural revitalization with Malaysia and provide assistance within its capacity to improve people’s livelihood and well-being. The two sides agreed to make good use of the mechanism of the joint working group on agricultural cooperation and strengthen cooperation in agricultural modernization and agricultural technological innovation.

  Third, enhance cultural exchanges

  (1) The two countries positively evaluated the effectiveness of the series of celebrations marking the 50th anniversary of the establishment of diplomatic relations between China and Malaysia, and unanimously agreed to vigorously carry out activities in the fields of culture, tourism, religion, youth, and locality in conjunction with the 50th anniversary of the establishment of diplomatic relations, promote exchanges between the two countries at all levels in various fields, and further deepen exchanges and mutual learning between Chinese civilization and Islamic civilization.

  (2) The leaders of the two countries support mutual visa exemption and promote friendly relations between the two countries. China has agreed to extend the visa-free policy for Malaysian citizens until the end of 2025. As a reciprocal arrangement, China will extend the visa-free policy for Malaysian citizens until the end of 2026. The leaders of the two countries welcome the two sides to continue to negotiate mutual visa exemption agreements to facilitate the entry of citizens of the two countries into each other’s countries.

  (3) The two sides confirmed that in order to commemorate the 50th anniversary of the establishment of diplomatic relations between China and Malaysia and strengthen scientific research cooperation in related fields, China and Malaysia will launch a new round of cooperative research on panda protection. The leaders of the two countries look forward to progress in the field of cooperative research on giant pandas.

  (4) The two sides agreed to enhance the level of educational cooperation between China and Malaysia, deepen the cooperation in vocational education, joint scientific research and digital education, and agree that institutions of higher learning of the two countries should cooperate to set up advanced research institutes. Strengthen exchanges between think tanks in universities of the two countries, promote mutual visits between teachers and students, and continuously enhance mutual understanding of civilizations. The two sides encourage cooperation in the media, press and publication, radio, film and television between the two countries to enhance mutual understanding and friendly feelings between the two peoples, especially the younger generation.

  (V) The two countries agreed to jointly apply for the inclusion of the "Lion Dance" project in the UNESCO representative list of human intangible cultural heritage. Both sides praised "lion dance" as a historical culture shared by the two countries and will jointly protect this cultural heritage.

  Fourth, strengthen multilateral cooperation

  1. China welcomes Malaysia to take over as the coordinator of China-ASEAN relations in July 2024, and fully supports Malaysia to assume the rotating presidency of ASEAN in 2025. The two sides will continue to promote the high-quality implementation of the Regional Comprehensive Economic Partnership Agreement (RCEP) and promote the completion of the China-ASEAN Free Trade Area version 3.0 negotiations as soon as possible; We will jointly run the 2024 "China-ASEAN Year of People-to-People Exchanges" series of activities, work together to build the "Five Homes" of peace, tranquility, prosperity, beauty and friendship, promote new progress in China-ASEAN comprehensive strategic partnership, and promote the construction of a closer China-ASEAN community of destiny.

  (2) The two countries reaffirm the principles, common values and norms embodied in the ASEAN Charter and the Treaty of Amity and Cooperation in Southeast Asia, and are willing to jointly safeguard ASEAN’s central position, support ASEAN to enlarge and strengthen the ASEAN-led cooperation mechanism, and support ASEAN to build an open and inclusive regional structure, safeguard regional peace and stability, and promote regional development and prosperity.

  (3) The two sides emphasized the importance of maintaining peace, security and stability in the South China Sea and agreed to resolve disputes by peaceful means through friendly consultations and negotiations in accordance with international laws, including the United Nations Convention on the Law of the Sea. The two sides will launch a bilateral dialogue mechanism on maritime issues as soon as possible and strengthen dialogue and cooperation related to the sea. The two sides will work with other ASEAN countries to fully and effectively implement the Declaration on the Conduct of Parties in the South China Sea, and look forward to reaching a substantive and effective Code of Conduct in the South China Sea at an early date.

  The leaders of the two countries agreed that China and Malaysia share broad common interests and similar positions in international affairs, and firmly safeguard the international system with the United Nations at the core, the international order based on international law, and the basic norms of international relations based on the purposes and principles of the UN Charter. The two sides will jointly safeguard international fairness and justice, safeguard the unity and cooperation of the international community, and promote the common values of peace, development, fairness, justice, democracy and freedom for all mankind.

  (5) The two countries agreed that the Five Principles of Peaceful Coexistence have become the basic norms of international relations and the basic principles of international law since their publication 70 years ago, and contributed Asian wisdom to the correct handling of state-to-state relations. The two sides will uphold the spirit of the Five Principles of Peaceful Coexistence, jointly carry forward the Asian values centered on peace, cooperation, tolerance and integration, adhere to the path of mutual benefit and open cooperation in Asian development, advocate the Bandung spirit of unity, friendship and cooperation, and help stabilize and progress in Asia.

  The two countries agreed that peace and security in the Asia-Pacific region must be maintained on the basis of respecting sovereignty and observing agreed rules and norms. The two countries agreed to safeguard Southeast Asia’s efforts as a zone free of nuclear weapons and other weapons of mass destruction in accordance with the Treaty on Southeast Asia Nuclear-Weapon-Free Zone, and make contributions to global disarmament, non-proliferation and peaceful use of nuclear energy.

  (vii) The continuing war in Gaza has caused a severe and rapidly deteriorating humanitarian situation, which has seriously affected the civilian population. Both sides expressed serious concern about this. The two sides stressed the need to protect civilians in Gaza in accordance with international law, and urged an immediate and permanent ceasefire to stop the war, ensure unimpeded humanitarian assistance, and protect humanitarian aid and medical personnel. The two sides reaffirmed the Palestinian people’s right to self-determination, including the right to establish an independent Palestinian state, and urged the United Nations Security Council to reconsider Palestine’s application to become a full member of the United Nations in accordance with resolution A/RES/ES-10/23 adopted by the United Nations General Assembly on May 10, 2024. The two countries fully support the resumption of the political settlement process of the Palestinian issue on the basis of the "two-state plan" and promote the comprehensive, just and lasting settlement of the Palestinian issue at an early date.

  Premier Li Qiang thanked the Malaysian government and people for their warm and friendly reception and invited Malaysian leaders to visit China at their convenience. Malaysian leaders expressed their gratitude and accepted the invitation with pleasure.

  During the visit, the Prime Ministers of the two countries witnessed the exchange of notes on the following cooperation documents:

  I. Five-year Plan for Economic and Trade Cooperation between the Government of People’s Republic of China (PRC) and the Malaysian Government (2024-2028)

  2. Memorandum of Understanding between the Government of People’s Republic of China (PRC) and the Malaysian Government on Strengthening Investment Cooperation in the Digital Economy.

  III. Memorandum of Understanding between the Government of People’s Republic of China (PRC) and the Malaysian Government on Promoting Investment Cooperation in Green Development.

  4. Memorandum of Understanding between the Government of People’s Republic of China (PRC) and the Malaysian Government on Cooperation in Housing and Urban Construction.

  5. Memorandum of Understanding between the Government of People’s Republic of China (PRC) and the Malaysian Government on Science and Technology Humanities Exchange Program.

  6. Memorandum of Understanding on Higher Education Cooperation between the Government of People’s Republic of China (PRC) and the Malaysian Government.

  VII. Implementation Plan of the Cultural Cooperation Agreement between the Government of People’s Republic of China (PRC) and the Malaysian Government (2024-2029)

  8. Memorandum of Understanding on Tourism Cooperation between the Government of People’s Republic of China (PRC) and the Malaysian Government.

  IX. Cooperation Agreement between the Government of People’s Republic of China (PRC) and the Malaysian Government on Preventing and Combating Transnational Crime

  X. Letter of Intent between the Ministry of Foreign Affairs of People’s Republic of China (PRC) and the Ministry of Interior of Malaysia on Mutual Visa Waiver Arrangement.

  XI. Protocol between the General Administration of Customs of the People’s Republic of China and the Ministry of Agriculture and Food Security of Malaysia on Plant Quarantine Requirements for Fresh Durian Exported to China from Malaysia.

  XII. Joint Statement of the General Administration of Customs of the People’s Republic of China and the Ministry of Finance of Malaysia on "Single Window" Cooperation in International Trade.

  XIII. Memorandum of Understanding between the State Post Bureau of the People’s Republic of China and Malaysia Communications and Multimedia Committee on Strengthening Cooperation in the Postal Field.

  14. Memorandum of Understanding on Media Cooperation between China Central Radio and Television Station and Malaysian Government.