CCTV News:The Central Meteorological Observatory continued to issue six early warnings at 6: 00 a.m. on February 21st, including cold wave orange warning, freezing yellow warning, fog yellow warning, blizzard yellow warning, gale blue warning and strong convective weather blue warning. It is expected that the large-scale rain, snow and freezing weather in the central and eastern regions will continue on the 21st, and it will enter the strongest period of rain and snow.

On the 20th, from day to night, Beijing ushered in the first citywide snowfall in the Year of the Loong. Snowfall is mainly light snow and sporadic light snow, which is relatively obvious in the west. The Beijing Meteorological Observatory issued a yellow warning for road icing. It is predicted that the surface temperature in Beijing will be lower than 0℃ from the night of 20th to the evening of 21st, and most areas are prone to road icing. Snowfall in mountainous areas will last until the afternoon of 21st.

Affected by cold air, from the morning of the 20th, there was a large-scale snowfall and cooling weather in Hebei Province, with heavy snowstorms in some areas south of Baoding and Langfang. The highest temperature in many places dropped below 0℃. The Meteorological Observatory of Hebei Province issued a yellow warning of snowstorm on the 20th. It is predicted that there will be heavy snowstorms in Shijiazhuang, Hengshui, Xingtai, Handan and Zhangjiakou during the day on the 21st.　

On the afternoon of the 20th, snowfall occurred in Zhengzhou, Henan Province, and the local meteorological department issued an orange warning of blizzard. Heavy snowfall caused the road to freeze, and many trains were delayed. It is expected that this round of snowfall will last until the 24th.

Since the 19th, snowfall has occurred in many places in Shanxi, and the Shanxi Meteorological Observatory upgraded and issued an orange warning of blizzard on the 20th. Several expressways around Yangquan City were temporarily closed. It is predicted that there will still be rain, snow, strong winds and cooling weather in Shanxi Province in the next three days.

Since the 19th, there has been a large-scale snowfall in Shandong, and 33 counties (autonomous regions and municipalities) have issued different levels of snowstorm warning. As of 10: 30 on the 20th, of the 73 expressway toll stations in Qingdao, 41 were closed and 17 were restricted. In Yishui County, Linyi City, the snow depth of some roads exceeds 16 cm.

Since the evening of the 19th, snowfall and freezing rain have occurred in most areas of Ningxia, and some highways have been frozen. Temporary traffic control has been implemented at toll stations along 17 expressways, including Beijing-Tibet Expressway, Wuma Expressway and Qingyin Expressway.

From 20th to 24th, there will be rain, freezing rain, ice particles, snowfall and other weather in Hubei Province. Affected by this, the Wuhan Railway Department plans to stop more than 130 trains bound for Shanghai and Guangzhou on the 20th, and plans to stop some trains bound for Hangzhou and Chongqing on the 21st.

Affected by the cold wave, many places in the south will gradually join the ranks of severe cooling. The Central Meteorological Observatory predicts that from the 20th to the 23rd, most of the central and eastern regions will be cooled successively from north to south, and the daily average or minimum temperature will generally drop by 8-mdash; 12℃, in which the cumulative cooling range in parts of Hunan, Guizhou, Guangxi and other places can reach above 20℃. Around the 23rd, the line with the lowest temperature of 0℃ will be pushed south to the areas from southern Jiangsu and Anhui to southern Hunan and southern Guizhou.

According to the weather forecast, 20-mdash; On the 25th, there were large-scale freezing rain or ice particles in Hubei, Hunan, Anhui and other places. It is estimated that the affected area of freezing rain will reach 570,000 square kilometers, and the strongest period of freezing rain will be from the 20th to the 21st.

Beijing: 63,000 people are prepared to sweep the snow. It is recommended to travel at the wrong peak.

On the evening of February 20th, there was snowfall in Beijing. The environmental sanitation department of Beijing started the snow sweeping and deicing work overnight to ensure the safe travel of the people.

A reporter from the General Station reported that due to the influence of strong cold air, the snow would not melt in a short time after falling to the ground, so that the thickness of snow quickly accumulated to about 7-mdash within a few hours; 8 cm, which also brings great difficulty to the snow sweeping and deicing work overnight.

Yang Jinliang, a second-level researcher at the Environmental Sanitation Department of Beijing Municipal Management Committee, said in an interview that the snowfall was uneven, showing the characteristics of large in the south and small in the north, and the south had reached the magnitude of blizzard. The sanitation department requires that the motor vehicle lanes and non-motor vehicle lanes of the primary and secondary roads be cleaned before 6 am on the 21st, requiring the roads to show their true colors.

A total of 63,000 people were on standby for the snow sweeping and deicing work that started overnight this round, and 6,370 snow sweeping and ice shoveling vehicles were dispatched. The snow sweeping was mainly done by machinery, supplemented by manual snow sweeping, and the snow melting agent was used scientifically. The snow removing equipment such as spreaders, snow shovels and rolling brushes were used, and the combined operation was carefully implemented. According to the changes of snowfall in real time, we will focus on snow sweeping and ice shoveling in main roads, hospitals, subway stations, overpasses and other areas. In addition, the Beijing Meteorological Bureau also issued a yellow warning of road icing last night, advising citizens to travel at wrong peaks and advocating public transportation.

Spring Festival travel rush in 2024 will last for 40 days from January 26th to March 5th. In order to remind the majority of traffic participants to travel safely and orderly, the Traffic Management Bureau of the Department has compiled traffic safety tips for Spring Festival travel rush in the whole province for reference.

Weather conditions during Spring Festival travel rush.

Spring Festival travel rush is in the middle of winter, and there is a high probability of snowfall and cooling weather in our province. The temperature in Gannan and the west of Wuwei is low, and foggy and foggy weather is prone to occur in Pingliang and Qingyang, and freezing rain may occur in Tianshui and Longnan. According to the forecast of the Provincial Meteorological Observatory, the frequency of cold air affecting our province during Spring Festival travel rush was relatively high, but the intensity was generally weak, and there were six cooling and precipitation processes. From January 28 to 29, there was a cooling weather process in the central and western parts of our province, accompanied by precipitation in the south. From February 4th to 6th, most of our province was affected by cold air, accompanied by cooling and precipitation. From February 8 to 10, there was a cooling weather process in Hexi, north central Gansu and southeast Gansu, accompanied by precipitation in southeast Gansu. From February 13th to 14th, there was a weather process of cooling and precipitation in southeast Gansu. From February 18 to 20, there was a cooling weather process in our province from west to east, accompanied by precipitation in the east of Wuwei. From February 27th to 29th, there was a cooling weather process in Hexi.

Traffic flow analysis and forecast

Spring Festival travel rush is the period with the most concentrated passenger and freight traffic and the most frequent personnel flow in a year, and the traffic of expressways and ordinary national and provincial trunk highways will run at a high level. During the period of Spring Festival travel rush in 2024, the highway travel in our province will present the following characteristics: First, the five streams of returning home, students, workers, visiting relatives and tourists will be superimposed, and the scale of cross-regional personnel flow will reach a record high. Second, the popularity of private cars is superimposed. During the Spring Festival, the toll-free date of passenger cars has increased, and the public travel mode has undergone structural changes. The proportion of self-driving travel will reach a record high. Third, at the end of the year and the beginning of the year, the transportation of energy, people’s livelihood, spring ploughing and other materials is busy, and the volume of express logistics is large. Fourth, during the Spring Festival, the traffic flow of rural roads returning home to visit relatives will continue to grow, especially in rural areas, with the rapid growth of passenger flow logistics, frequent access to private cars, rural vans, motorcycles and agricultural vehicles, and regional congestion in some towns, markets and folk activities. It is estimated that during the period of Spring Festival travel rush, the average daily traffic of the road network in the province will reach 5.48 million vehicles, an increase of about 11% compared with normal days, and the maximum daily traffic will exceed 6 million vehicles; The average daily traffic volume of expressways will reach 1.8 million vehicles, an increase of about 13% compared with normal days, and the maximum daily traffic volume will exceed 3 million vehicles.

Pre-judgment of traffic jam-prone sections

And bypass tips

(a) Spring Festival travel rush early. Mainly migrant workers from Xinjiang and Qinghai return to their hometowns in the east and south. It is estimated that the traffic flow will increase day by day from January 26th, and the traffic flow will reach its peak around February 2nd (the 23rd day of the twelfth lunar month). The traffic flow of the west section of Lianhuo Expressway (G30) from Wuwei to Lanzhou, Beijing-Tibet Expressway (G6) to Lanzhou and Lanhai Expressway (G75) to Sichuan will increase obviously. On February 8th (the 29th day of the twelfth lunar month), short-distance homecoming flows will be concentrated, and there will be intermittent slowdowns in the direction from 0 km to 17 km from Lianhuo Expressway (G30) to Lanzhou Zhonghe Section, Qinglan Expressway (G22) to Lanzhou Yuzhong Section and Lanhai Expressway (G75).

Bypass tip: Vehicles traveling to and from Pingliang and Shaanxi in the west of Wuwei are advised to pass through Dingwu Expressway (G2012) camp in two sections; Vehicles traveling to and from Tianshui and Longnan in the west of Qinghai and Wuwei are suggested to pass through Beijing-Tibet Expressway (G6), Lanzhou South Ring Expressway (G2201), Lanhai Expressway (G75) and Longwei Expressway (S14).

(2) Spring Festival travel rush mid-term. During the Spring Festival, mainly visiting relatives and go on road trip in winter, the traffic volume to Tianshui, Longnan, Pingliang and other tourist destinations increased obviously and lasted for a long time. From the first day of the first month to the seventh day of the first month (February 10 to February 17), the traffic flow of self-driving trips such as short-distance parties is concentrated in the morning and evening, and the "tidal phenomenon" is obvious. The last two days of the holiday and the first day of work (February 16-18) are the return peaks, and there will be regional congestion on some sections of Huanlan from 13: 00 to 17: 00 every day. On February 17th (the eighth day of the first month), the return flow of Huanlan Expressway reached its peak, and there will be intermittent slowdown in the direction of Lanzhou city in Zhonghe section of Lianhuo Expressway (G30), two-way in Yuzhong section of Qinglan Expressway (G22) and Lintao-Lanzhou direction in Xinqidao Liang of Lanhai Expressway (G75).

Bypass Tip: Vehicles heading for Yuzhong and Dingxi in Lanzhou can leave the expressway from Liugou River and Dingyuan Toll Station to bypass National Highway 312, and enter the expressway from Yuzhong or Gancaodian Toll Station. Vehicles heading for Lanzhou from Dingxi can drive out of Yuzhong and Gancaodian toll stations and bypass National Highway 312 at high speed, and enter the high-speed traffic from Liugouhe toll station. Vehicles passing through Lanhai Expressway can bypass National Highway 212.

(3) Late Spring Festival travel rush. On February 25th and 26th (the first weekend and the first working day after the Lantern Festival), migrant workers will return to the city and enterprises will resume work, and the return transit traffic of the expressway will reach a peak, with the direction of Lianhuo Expressway (G30) entering Xinjiang from Xingxia section of Jiuquan, the direction of Lanzhou Zhonghe section in both directions, Tianshui-Dingxi section heading for Lanzhou, Beijing-Tibet Expressway (G6) heading for Qinghai, and Qinglan Expressway (G22) heading for Yulan.

Bypass Tip: Vehicles entering Xinjiang are advised to pass through the connecting line of Jingxin Expressway (G7) and G215 Maqiao; Vehicles in Zhonghe section of Lianhuo Expressway (G30) can pass in and out of the expressway from the former Lanzhou North and Fujiayao toll stations, bypassing Zhonghe Elevated Road of National Highway 109. Vehicles passing through Yuzhong section of Qinglan Expressway (G22) can leave the expressway from Liugou River and Dingyuan Toll Station to bypass National Highway 312. Vehicles heading for Qinghai can bypass National Highway 109.

Congestion-prone service area and heavy traffic flow

toll-gate

(1) Congestion-prone service areas

1. Qingdao-Lanzhou Expressway (G22) connects with the service area of Jiazui and Dingxi.

Congestion: The connection of Qinglan Expressway (G22) and Lianhuo Expressway (G30) meets, and the bearing capacity of the service area is limited. A large number of vehicles enter the service area, which leads to the ranking of vehicles at the entrance of the service area, which is easy to cause congestion.

Travel tips: vehicles coming from Tianshui can refuel and rest in Gangu and Yuanyang service areas; Vehicles coming from Pingliang can refuel and rest in Jingning and Huining service areas.

2. Lianhuo Expressway (G30) Zhangye, Gaotai and Jiuquan service areas.

Congestion: The carrying capacity of the three service areas of Lianhuo Expressway (G30) is limited, and a large number of vehicles enter the service area, which leads to the ranking of vehicles at the entrance of the service area, which is easy to cause congestion.

Travel tips: For passing vehicles, please choose the service area with less traffic to rest according to the tips of the electronic display screen in the road section.

3. Luotang Service Area of Lanhai Expressway (G75).

Congestion: A large number of cars need to rest, transfer and refuel here, and the contradiction between parking and demand in the service area is prominent, which is easy to cause congestion.

Travel tips: Vehicles can refuel and rest in the adjacent Wudu and Shawan service areas.

(2) Toll stations with heavy traffic.

There are four toll stations in the east, west, south and north around Lanzhou, three toll stations in Haishiwan, Dingyuan and Yuzhong, three toll stations in Min County, Zheyang Mountain and Anhua of Lanhai Expressway (G75) and the main toll station in Liuyuan North of Lianhuo Expressway (G30).

Travel tips: Please pay attention to the navigation map, follow the guidance of the navigation map, and choose the toll station with smaller adjacent traffic.

Bad weather affects road sections

(1) Beijing-Tibet Expressway (G6) Wangjiashan Section, Pingchuan District, Baiyin City (K1458—K1475).

(2) Qinglan Expressway (G22) from Jingchuan County of Pingliang City to Changqing Bridge of Ning County of Qingyang City (K1439—K1459).

(3) Qinglan Expressway (G22) Tujiawan-Chankou section of anding district, Dingxi City (K1807—K1797).

(4) Qinglan Expressway (G22) Liugou River Section, Yuzhong County, Lanzhou City (K1857—K1864).

(5) Lianhuo Expressway (G30) Wushaoling Tunnel Group in Wuwei City (K1863—K1917).

(6) Lianhuo Expressway (G30) Xiuhuamiao Road Section (K2074—K2107) in Shandan County, Zhangye City.

(7) Fuyin Expressway (G70) (K1868-K1875+200m) at Fengkou Long Downhill Section of Jingchuan County, Pingliang City.

(8) Lanlin Expressway (G75) Long downhill section of Xinqidaoliang in Qilihe District, Lanzhou City (K0-K17, including truck lanes).

(9) Pingmian Expressway (G8513) Guanshan Tunnel Section of Pingliang City (K68—K83).

(10) Pingmian Expressway (G8513) Long downhill section of Micangshan in Wudu District, Longnan City (K368—K376).

Road traffic safety tips

(1) The traffic flow will increase sharply during Spring Festival travel rush. Before traveling, we should pay attention to the traffic conditions and weather forecast information released by relevant departments in advance, understand the free passage time, plan the travel time and route reasonably, and stagger the peak hours.

(2) Before going out, it is necessary to conduct a comprehensive inspection of the vehicle, including the safety technical performance of the vehicle’s steering, braking, tires, lighting, etc., avoid driving a "sick car" on the road, and check the storage of the fuel tank. New energy vehicles should check whether the storage capacity is sufficient. Danger warning signs, jacks, screw sleeves and other tools should be carried in the car in case of urgent need.

(3) In case of bad weather such as snow, ice, rain and fog, it is necessary to reduce driving trips and try to avoid fog and dark ice in the morning and midnight. Driving on ice and snow roads must be "four slow and four slow". First, start slowly, slowly lift the clutch and lightly step on the accelerator, and start slowly; Second, turn slowly, hit the direction slowly and turn slowly; Third, slow braking, slow braking and slow parking; Fourth, the mentality is slow. In case of complicated road conditions, the mentality should be kept calm, drive slowly and do not exceed the speed limit.

(4) When traveling by car, please arrange the rest time reasonably, ensure adequate sleep, try not to drive at night, and do not drive fatigue. When driving at night, please use the lights correctly.

(5) When traveling by car, observe traffic signals and pay attention to civility and courtesy. In case of traffic jam ahead, turn on the danger warning flash, queue up and pass in turn, obey the command, don’t change lanes at will, don’t answer the phone, don’t check or send SMS or WeChat.

(six) standardize the use of seat belts, choose child safety seats suitable for children’s age, height and weight, let children sit in the back row and fasten their seat belts. Never hold children in your arms or let them sit in the co-pilot position.

(7) If you choose road passenger transport for holiday travel, please choose regular stations and companies to take passenger vehicles that are operated safely and legally, and do not take overcrowded vehicles, illegally operated vehicles, "sick vehicles", unlicensed vehicles and vehicles that have other illegal acts.

(8) Visit relatives and friends and have frequent parties during festivals. When gathering with relatives and friends, please remember: don’t drive after drinking, and don’t drink while driving! If you find drunk driving behavior, please discourage it in time and help to adopt other safe modes of transportation.

(9) Please drive carefully on mountain roads, and don’t force overtaking or passing. When a vehicle passes through a sharp bend, the top of a ramp, etc., which affects the safe sight distance, it should slow down and honk its horn, and at night, it should change the far and near lights to give a prompt.

(10) Keep in mind that "in case of an accident, the car pulls over, people evacuate, and double flashing, that is, call the police". If there is a minor traffic accident that does not cause casualties, under the principle of ensuring safety, the parties concerned can take photos and collect evidence and record relevant information at the scene of the accident, and quickly evacuate the scene, and then they can go to the traffic accident rapid processing center of the local traffic control department to make insurance claims. In case of casualties, call the police immediately, turn on the danger warning flash immediately, and set up a triangle warning sign at the direction behind the car, so that the people inside the car can quickly move to a safe place to wait to ensure their own safety.

Original title: "Spring Festival travel rush is about to start this traffic safety strategy in 2024, please check it | two announcements and one prompt"

Read the original text

　　Shi Yigong. Wang Gang

　　Zhongxin. com Wenzhou, October 26th (Qian Chenfei) On the 26th, the 2019 World Young Scientists Summit was held in Wenzhou, Zhejiang Province with the theme of "Gathering talents from all over the world for a better future". Shi Yigong, academician of China Academy of Sciences and president of West Lake University, explained the connotation of scientific spirit from three angles. It points out that the scientific spirit includes seeking truth, independence, cooperation and questioning.

　　"The scientific spirit is seeking truth and seeking truth from facts. Seeking truth is not simply right or wrong, but further seeking truth and exploring at the forefront of human knowledge." Shi Yigong believes that raising questions is the key to scientific research, rather than solving scientific problems. The presentation of the problem includes a new description of an old scientific problem, and the new description is really contributing to the world.

　　The opening ceremony. Wang Gang

　　In Shi Yigong’s view, independence and cooperation are also the connotation of scientific spirit. "Independence and cooperation seem to be contradictory, but they are actually completely unified. The so-called independence, major scientific discoveries often come from a few people or even individuals, and these people often suffer some hardships and encounter different opinions in the process of major scientific discoveries. They must adhere to their own views in order to succeed, so we need independent thinking; However, the development of science often requires cooperation. This kind of cooperation is not limited to the cooperation within the team, but also depends on the cooperation between teams, and even the cooperation between generations and industries. "

　　Taking Heliocentrism and Darwin’s evolutionism of Copernicus as examples, Shi Yigong pointed out that questioning is the most important scientific spirit. "We need to constantly question, not only ourselves, but also our predecessors, collide our thoughts in the voice of doubt, constantly improve and improve, continuously deepen cooperation, and finally promote the development of science."

　　In addition, it puts forward that the world today needs scientific spirit more. The so-called scientific spirit is the act of radiating the scientific spirit to the public’s ideas, nourishing the public’s thoughts and internalizing the public through words and deeds; Let scientific and technological work become an attractive job, a career that the public respects and yearns for, and encourage more people to join the scientific cause.

　　Facing young scientists, Shi Yigong appealed that the scientific spirit should be spread by the whole society, and the most important thing is to spread it by young scientists. (End)

[Write in front]

As early as the beginning of 2014, when Vanke implemented the "business partner system", "barbarians at the door" was one of its concerns at that time.

But who is a "barbarian" and what kind of person is a "barbarian"?

"Barbarians at the door" is used by Wall Street in the United States to describe those hostile purchasers.

The Barbarian at the Door describes the cause and effect of RJR Na Beske Company’s acquisition with documentary reports, reproduces the most famous corporate battle in the history of Wall Street, and comprehensively shows how enterprise managers obtain and master the controlling stake of the company.

The Paper (www.thepaper.cn) was authorized by Yong Yang, general manager of Hong Ren Investment, to reprint the book and the M&A case published by Hong Ren Investment Micro Signal.

In 1980s, the acquisition of RJR Beske Company in the United States was called a classic battle of KKR, a veteran PE. Known as the "Great Acquisition of the Century", this transaction shocked the world with a purchase price of $25 billion, making it the largest leveraged buyout in history, which made the subsequent acquisitions far behind.

The acquisition campaign was mainly launched between the senior managers of RJR Na Beske Company and KKR (Kohlberg Kravis Roberts & Co.), a famous acquisition company, but due to its huge scale, many of them were

Direct or indirect participation of investment banks and financial institutions such as Morgan Stanley and First Boston.

Barbarian at the door

Target enterprise: RJR Na Beske Company.

As the largest food and tobacco producer in the United States, Reynolds-Na Beske Company was formed by the merger of American veteran food producers Standard Brands Company and Nabisco Company and RJR Company (manufacturer of Winston, Salem and Camel brand cigarettes), one of the two largest tobacco companies in the United States. At that time, it was the 19th industrial company in the United States, with 140,000 employees. It owned many famous brand products, including Oreos, Lezhi biscuits, Winston and Salem cigarettes, and Life Savers candy, which were distributed in every retail store in the United States. Although the food business of RJR Na Beske Company has expanded rapidly after two mergers, the rich profits of tobacco business still account for about 58% of its main business.

In the first two years after the merger, RJR Na Beske Company’s profit increased by 50% and its sales performance was good. However, with the crash of the stock market on October 19, 1987, the company’s stock price plummeted from the peak of $70. Although the company bought a lot of its own shares in the spring, the stock price did not rise, but fell to $40. In December, although the company’s profit increased by 25%, and the food stocks were also rising, the shares of RJR Na Beske Company were still neglected due to the influence of tobacco stocks, and 60% of its sales still came from Na Beske Company and Delmonte Food Company. The company tried to put the tobacco and food business together, but it didn’t work at all, and the decentralized management lost its effectiveness.

Merger and acquisition: management of RJR Na Beske Company.

The senior management of RJR Na Beske Company headed by Ross Johnson is the initiator of this acquisition. This group includes the head of Reynolds Tobacco Company-Ed Horichgen, Chairman of the Board of Directors of Na Beske Company Jim Welch, General Counsel Harold Henderson, independent director and consultant Andrew G.C. Sage II, etc.

Ross Johnson, who doesn’t have much ability in management, was still unknown in American business at the age of 40. With the help of a headhunting company, he became the president of a sign company. In 1984, Ross Johnson became the CEO of Na Beske Company. In 1985, he completed the merger of Reynolds-Na Beske Company. The next year, he became the CEO of RJR Na Beske Company. Johnson dares to innovate. Under his leadership, Reynolds Tobacco Company produced products with an output value of $1 billion within one year.

However, although this company is rich in cash, it is relatively conservative and closed in culture. The enterprise managers have long lost the creativity and enterprising spirit of the founders, and they are cautious in decision-making and rarely make breakthroughs. Johnson’s arrival didn’t bring much innovation to his management. His biggest hobby is spending a lot of money.

Johnson won’t be noticed if he just stays on extravagant consumption. He has a more ambitious plan, that is, through the management participation in the acquisition, RJR Na Beske Company will be turned into a private enterprise.

Merger and acquisition: Kohlberg-kravis-Roberts Company (KKR).

KKR was founded in 1976. As a PE company, KKR has outstanding performance, and it is good at MBO, which is commonly referred to as "management buyout". However, with the further understanding of leveraged buyout by others, the number of leveraged buyout companies gradually increased, and by 1987, there was a phenomenon of industry crowding. Kravis and Roberts made a decisive decision: lock the business target in the bulk acquisition business of $5 billion to $10 billion. Because few people get their hands on such a big business, KKR has already had such big deals as $6.2 billion for Beatrice, $4.4 billion for Safeway and $2.1 billion for Owens-Illinois.

From June, 1987, KKR began to use all public methods to raise funds. In order to stimulate more investors to join, the company proposed that the management fees of all transactions completed before 1990 could be reduced. By the end of the fundraising, the funds raised had reached 5.6 billion US dollars.

Acquisition process

In October, 1988, the management represented by Ross Johnson, CEO of RJR Na Beske Company, proposed to the board of directors that the management buy the company’s equity. The management’s MBO proposal includes the plan to sell the food business of RJR Na Beske Company after the acquisition, and only keep its tobacco business. Its strategic consideration is based on the market’s underestimation of the huge cash flow of tobacco industry, and the food business is not fully recognized for its value because it is mixed with tobacco. Reorganization will eliminate the unfavorable factors of market underestimation, and then gain huge profits.

Ross Johnson and Hilsen’s leveraged buyout plan hit it off. Both sides agreed that the price of RJR Na Beske’s stock should be around 75 dollars per share, which is higher than the market transaction price of 71 dollars, and the total transaction price reached 17.6 billion dollars. Because Hilsen wanted to complete the transaction independently, they didn’t have the power to introduce junk bonds, and all the funds of about $15 billion needed loans from commercial banks. Trust Bank seized the opportunity to provide financing for leveraged buyouts of blue-chip companies, and raised $16 billion worldwide, but according to Hilsen’s accounting, it was only $15.5 billion.

Investment bankers on wall street still reacted instinctively: this bid is too cheap! Johnson is robbing the company! Just as Johnson and Hilsen were having wishful thinking, KKR’s bid participation made the MBO planners wake up from a dream. In sharp contrast to the spin-off planned by CEO Ross Johnson, KKR wants to keep all its tobacco business and most of its food business, and KKR has made a bid of $90 per share. The contest between Hilsen and KKR began.

Hilsen chose to cooperate with Salomon Company to raise funds, but Hilsen could not confront KKR in terms of intelligence and financing. KKR has drexel and Merrill Lynch as consultants, and introduced a tender to buy PIK preferred shares, the price reached $11 per share, which was close to $2.5 billion. The demand for PIK shares in the world market quickly turned it into junk bonds, which meant that there were $2.5 billion in funds.

However, the exposure of the Johnson Management Agreement and the "Golden Parachute Plan" angered the shareholders and employees of RJR Na Beske Company. 525,600 restricted stock plans worth nearly $50 million, generous consulting contracts and 1,500 restricted shares each made Johnson unscathed in this acquisition, regardless of success or failure. Johnson’s greedy approach made MBO lose the support of the people. Finally, KKR won the battle with a price of $109 per share and a total amount of $25 billion.

In the last round of bidding, the difference between Hilsen’s offer and KKR was only $1, which was $108 per share. But it is not the difference in purchase price that makes the shareholders of RJR Na Beske Company make the final decision. KKR promised to give shareholders 25% of the shares, and Hilsen only gave shareholders 15% of the shares; KKR promised to sell only a small part of Beske’s business, while Hilsen wanted to sell all the business. In addition, shareholders also listed a dozen other differences. In addition, Hilsen failed to prove the reliability of its securities through restructuring, and failed to ensure the welfare of its employees. It is for these reasons that the shareholders of the company finally chose KKR Company.

The purchase price is $25 billion. Besides the syndicated loan of $14.5 billion, Dechong and Merrill Lynch also provide a bridging loan of $5 billion, waiting to be repaid by issuing bonds. KKR itself provided US$ 2 billion (including US$ 1.5 billion in equity), another US$ 4.1 billion in preferred shares, US$ 1.8 billion in convertible bonds and US$ 4.8 billion in foreign debts owed by RJR.

The signing date of the acquisition was February 9, 1989. More than 200 lawyers and bankers attended, and Hanover Trust and Investment Company raised $11.9 billion from banks all over the world. KKR provided a total of $18.9 billion, meeting the cash payment promised at the time of acquisition.

In fact, the cost of the whole transaction reached 32 billion US dollars, including more than 200 million US dollars from Dechong Company, more than 100 million US dollars from Merrill Lynch, more than 300 million US dollars from the financing of the syndicate, and KKR’s own fees reached 1 billion US dollars.

After the acquisition

After Ross Johnson, Luis gerstner became the new CEO of RJR Na Beske Company after the acquisition. He made drastic reforms to the original company and sold a lot of luxury facilities. According to the company’s report, in 1989, the company had a net loss of $1.15 billion after paying off its debts of $3.34 billion, and in the first half of 1990, it had a loss of $330 million. However, judging from the company’s cash flow, everything is still normal.

Beske’s operating profit in 1989 reached 3.5 times the previous cash flow, but Reynolds Tobacco Company is still in a state of preparation. In March 1989, RJR stopped the production of Premier brand cigarettes. Subsequently, the company laid off employees and the number of employees was reduced to 2,300. Under the leadership of the new manager, the company improved the equipment, improved the production efficiency, and at the same time greatly reduced the cost, so that the company’s tobacco profit increased by 46% in the first half of 1990. But when paying off junk bonds with cash brought by tobacco, Reynolds’ competitor Philip Morris increased his sales strength and lowered the price of tobacco. According to analysis, the tobacco market of RJR shrank by 7% ~ 8% in 1989.

The problem left by KKR is not only the poor return on capital, but also the failure of other industry leaders introduced. Whether Lou Gerstner is invited by American Express Company or Charles Harper of ConAgra, they have no experience in tobacco industry and have no enthusiasm for this business. After a continuous decline in performance, KKR had to divest Reynolds Na Beske’s remaining equity in early 1995, Reynolds Tobacco Holding Company became an independent company again, while Na Beske also became an independent food production enterprise, and Renault Company and Na Beske Company returned to their respective starting points. In the first half of 2003, Reynolds’ sales decreased by 18% compared with the previous year to only $2.6 billion, while operating profit decreased by 59% to $275 million.

Brief comment

The control struggle between investment bankers and enterprise managers, the ultimate beneficiary is the shareholders of the enterprise, which can be proved by the rich shareholders of RJR Na Beske Company after the acquisition.

In the form of acquisition. In the general LBO process, investment bankers will reach a consensus with the management of the target enterprise in advance, and complete the acquisition at a price and financing method recognized by both parties. At the same time, they will also make arrangements for the enterprise management and asset restructuring after the acquisition, try to reduce costs and improve efficiency, and sell assets to pay off debts. However, KKR company didn’t know in advance in the acquisition of RJR Na Beske, and there was no communication with the management. They didn’t even know the assets of this enterprise, so they could only participate in it in the form of bidding.

[Interpretation of Investment Bank]

Report on The Barbarian at the Door

-Merger and acquisition of enterprises and corporate governance

1. How was this merger initiated?

Managers are faced with the dilemma of stock appreciation, which makes them look for ways to raise stock prices.

RJR Nabisco’s share price hovered around 40, but it didn’t rise. Ross Johnson faced the pressure from shareholders.

Ross Johnson’s "Prime Minister" cigarette, which will be introduced to the market, is not welcomed and recognized by the market, and Ross Johnson is once again facing the dilemma of stock appreciation.

KKR company has the intention to buy RJR Nabisco, which makes Ross Johnson management team start to think about M&A, a way to safeguard their own interests and raise the stock price.

The huge return after the merger drove Ross Johnson to initiate the merger.

2. What are the motivations of the parties involved in the M&A?

KKR motivation：

Get a higher return on capital value. Because RJR Nabisco’s stock value is undervalued; At the same time, RJR Nabisco has a strong and stable cash flow, which can enhance the company’s capital value.

Enhance RJR Nabisco’s existing corporate strategy to further maximize the interests of shareholders.

The debt level is low.

Huge demolition effort.

A favorable capital structure can save taxes and fees payable.

KKR can get a huge handling fee, and has control over RJR Nabisco, sharing the profits.

Kravis’s individualism: KKR is the founder of LBO, but at the beginning of this merger, he was excluded; Therefore, due to the consideration of face and status in the field, KKR will also participate in the acquisition of RJR Nabisco.

Motivation of professional managers such as Ross Johnson：

The tobacco industry is undervalued by the market.

The influence of tobacco industry and the value of food industry are also underestimated by the stock market.

The management can make huge profits from this acquisition.

First Boston Group：

Get rich rewards in the acquisition to develop the enterprise, revitalize the company’s business and obtain customer sources.

Faustmann：

Ted Faustmann hates junk bonds, while kravis uses junk bonds the most, and Faustmann is angry with kravis. Hilsen has no outstanding talents in leveraged buyouts. This is an opportunity for Faustmann, and he will not miss it.

summary：

1, the stock is undervalued.

2. Make huge profits

3. Revitalize the business

Represented by the management: the business is bigger and the stock price is raised.

3. Who decides the outcome of the merger?

The final outcome is decided by the special committee (shareholder) established by the board of directors; However, the behavior of Ross Johnson management, KKR and other acquisition teams and M&A strategies have an impact on the outcome.

Due to the exposure of Ross Johnson’s "Golden Parachute Project", shareholders saw the greed of management; In addition, the Ross Johnson team can’t keep all the business systems after the acquisition, and can’t guarantee the interests of employees, which makes the special committee set up by the board of directors more inclined to KKR in the later stage of the acquisition.

Compared with Ross Johnson team, KKR is more humanized; They promised to keep the whole business of the company after the acquisition; To ensure the welfare of employees, shareholders can get more equity, thus gaining the support of shareholders.

4. What are the factors that affect the success or failure of LBO?

The development strategy of the company with multi-interests after merger and acquisition put forward by the sponsors.

Purchase price at the time of merger and acquisition

Strong and stable cash flow of M&A sponsors

Analysis and mastery of competitors’ strategies; As the saying goes, know yourself and know yourself.

Get the support and affirmation of the management of the enterprise or the people who have influence on the merger and acquisition results.

Reasonable standardization of operating procedures

The advantages and disadvantages of the special Committee and its influence

Whether the acquired subject matter is suitable: stable cash flow.

Bid, financial planning

5. How is the purchase price formed in the case?

A comprehensive analysis of the target acquisition company

Enterprise development strategy

Company operation

Financial status of the company

enterprise value

Strategic promotion of acquirer and future cash flow forecast

Financing scheme design and value evaluation

6. Who finally benefited from this case? Who is ultimately damaged?

beneficial owner：

The winners of this merger are shareholders, who have realized the stock at a high enough price; With intermediaries, they have gained huge benefits. For example, Dechong provided a $3.5 billion bridge loan and earned $227 million, and the proceeds from selling junk securities were even more; Merrill Lynch provided a bridge loan and earned $109 million; The syndicates of 200 banks provided $14.5 billion in entrusted loans and gained $325 million in income; KKR receives tens of millions of dollars in handling fees from investors; Morgan Stanley and wasserstein each received $25 million in consultancy fees; Goldman Sachs won the auction right of Delmonte Food Company; Lazard: Obtained the auction right of ESPN. According to some sources, this $25 billion merger, in fact, the total transaction cost is $32 billion, and the money is spent like soup. It can be said that M&A is a magic weapon for Wall Street, because whether it is successful or not, Wall Street can earn fees, including consulting fees, business divestiture fees and borrowing fees.

Damaged person：

RJR Nabisco was burdened with heavy debts. In 1989 alone, it paid $3.34 billion in debts, with a net loss of $1.15 billion. Market expenses and research and development expenses have been weakened, competitors have taken advantage of it, and a large number of employees have been laid off.

7. Compared with LBO, what are the distinctive features of MBO?

Specificity of MBO acquisition subject.

The MBO acquirer is mainly the current management of the target enterprise or the legal person or other organization established or controlled by it.

High financial leverage of MBO acquisition financing.

With the help of a large amount of external debt or equity financing, the high financial leverage of the financing scheme determines the high risk and high return of the acquisition itself.

Transfer of actual control right of target enterprise after MBO acquisition.

To a certain extent, the target enterprise has realized the integration of ownership and management rights, and the position of management has changed fundamentally, that is, from a simple enterprise operator to an enterprise owner.

MBO can reduce agency cost.

Compared with LBO, MBO pays more attention to the development strategy of the company, rather than the short-term huge capital return.

8. What behaviors does the case show that the management has deviated from the interests of shareholders?

Management profligacy, private jets, huge subsidies, and these are all holding shareholders’ money to satisfy their own desires.

"Golden Parachute" Project

After the merger, the employee welfare and shareholders’ interests are not considered, and the food business is abandoned.

Only 15% of the shares are reserved for shareholders.

KKR scheme contains less PIK securities and more convertible bonds; Management provides more PIK securities and a small amount of convertible preferred stock.

KKR agreed not to carry out a large-scale layoff plan, and promised to pay the employee severance payment caused by the acquisition, but the management did not agree.

KKR agreed to guarantee the reset terms of all securities to ensure that the bonds would be traded and circulated as originally planned. Hilsen Company, an investment bank hired by the management, refused to guarantee it, so that the management could not bid the full rating during the evaluation.

Start with business, not choose mergers and acquisitions

Ross Johnson donated money from the company to his wife.

9. What measures did the founder take to prevent the control right from falling by? Why is it invalid?

measure：

Launch the merger and acquisition of RJR Nabisco to prevent the delay of stock price from affecting his CEO position.

Refuse to cooperate with KKR and choose Hilsen.

"Golden Parachute" plans to protect itself.

Lay off employees and give shareholders less equity to maximize their own interests.

failure cause：

The exposure of the "Golden Parachute Plan" exposed Johnson’s greed, which made the MBO lose public support.

KKR promised to give shareholders 25% of the shares, while Hilsen only gave shareholders 15% of the shares.

KKR promised to sell only a small part of Beske’s business. But Ross Johnson and Hilsen’s leveraged buyout plan only keeps the tobacco business.

Hilsen failed to prove the reliability of its securities through restructuring, and failed to ensure the welfare of its employees.

KKR agreed not to carry out a large-scale layoff plan, and promised to pay the employee severance payment caused by the acquisition, but the management did not agree.

KKR agreed to guarantee the reset terms of all securities to ensure that the bonds would be traded and circulated according to the original plan. Hilsen Company, an investment bank hired by the management, refused to guarantee it, so that the management could not bid the full rating during the evaluation.

measure：

Indulge in buying, preempted local competitors and became the largest employer in North Carolina.

"Prince Albert" cigarettes, trying their best to find the photo of the Prince of Wales as a cigarette label, vigorously advertising, set off a national advertising campaign. Offer generous rebates to cigarette wholesalers and retailers to encourage them to sell this kind of cigarettes, and those who sell poorly will be punished. The plan to March across the United States was a great success.

The Court of Appeal granted Reynolds Tobacco Company independence: employees hold shares, care about employees’ lives and improve employees’ loyalty.

Reasons for loss of rights：

The eldest son is in politics, the second son is not doing business, and the chairman raises horses.

10. What did you learn from the case? Explain from the perspective of mergers and acquisitions and corporate governance.

M&A perspective：

LBO acquirers use the assets of the acquisition target as debt collateral for financing, and use the money to acquire the target company. The essence of this is to borrow money to buy equity, or to say that you are empty-handed. In fact, KKR’s own funds for this $25 billion acquisition are less than $2 billion, and the rest are from financing.

Compared with LBO, MBO pays more attention to enterprise development strategy, rather than just acquiring the target company to get huge returns in the short term.

Successful LBO/MBO originates from the strategic adjustment of capital allocation, the improvement of operating efficiency and the integration of financial technology;

Adjustment of capital allocation strategy: redefining business scope, new business unit strategy or portfolio strategy;

Operational adjustment and improvement of operational efficiency: changes in sales, cost or asset management methods;

Organizational improvement: organizational structure or business process adjustment (which may involve system or management changes);

Financial strategy: the application of financial technology and financial risk management, a new method to manage the balance sheet, a new financial structure or a new corporate legal structure.

From the perspective of corporate governance：

The internal controller system is easy to lead to the monopoly of management. In order to prevent this phenomenon, it is necessary to set up an external supervision mechanism and strengthen supervision; Mutual restriction

The board of directors should ensure independence and objectivity and safeguard the interests of shareholders.

Formulate a reasonable and long-term company development strategy, so as to ensure the long-term development of enterprises, rather than just pursuing short-term enterprise development and stock rise.

Standing Committee of Hainan Provincial People’s Congress
Gonggao
No.93

Provisions on the Protection and Crime Prevention of Minors in Hainan Province have been adopted by the 30th meeting of the Standing Committee of the Sixth People’s Congress of Hainan Province on September 29, 2021, and are hereby promulgated and shall come into force as of November 1, 2021.

Standing Committee of Hainan Provincial People’s Congress
September 30, 2021

Provisions of Hainan Province on the Protection and Prevention of Juvenile Delinquency
(adopted at the 30th meeting of the Standing Committee of the Sixth Hainan Provincial People’s Congress on September 29, 2021)

Catalogue

Chapter I General Principles

Chapter II Protection of Minors

Chapter III Prevention of Juvenile Delinquency

Chapter IV Legal Liability

Chapter V Supplementary Provisions

Chapter 1 General   rule

Article 1 In order to protect the legitimate rights and interests of minors and effectively prevent minors from committing crimes, these Provisions are formulated in accordance with the Law of People’s Republic of China (PRC) on the Protection of Minors, the Law of People’s Republic of China (PRC) on the Prevention of Juvenile Delinquency and other laws and regulations, combined with the actual situation of this province.

Article 2 Protecting minors and preventing juvenile delinquency are the common responsibilities of state organs, armed forces, political parties, people’s organizations, enterprises and institutions, social organizations, urban and rural grassroots mass autonomous organizations, guardians of minors and other adults.

People’s governments at all levels, society, schools and families should educate and help minors to safeguard their legitimate rights and interests, enhance their awareness and ability of self-protection, promptly eliminate all kinds of negative factors that breed juvenile delinquency, and create a good social environment for the healthy physical and mental development of minors.

Article 3 The people’s governments at or above the county level shall establish a coordination mechanism for the protection of minors, and make overall plans, coordinate, urge and guide relevant departments to do a good job in the protection of minors within their respective functions and duties. The specific work of the coordination mechanism shall be undertaken by the civil affairs departments of the people’s governments at or above the county level.

The people’s governments at or above the county level shall establish a coordination mechanism for the prevention of juvenile delinquency and organize relevant departments to implement comprehensive management of juvenile delinquency prevention. The specific work of the coordination mechanism shall be undertaken by the education administrative department of the people’s government at or above the county level.

Article 4 People’s governments at or above the county level and their relevant departments shall strengthen the construction of social support system for minors, coordinate and organize social workers and volunteers to participate in juvenile protection and crime prevention, take measures such as government purchasing services, cultivate, guide and standardize relevant social organizations and social workers to participate in juvenile protection and crime prevention, actively carry out family education guidance, and provide professional services such as psychological counseling, rehabilitation assistance, guardianship and adoption evaluation, and legal aid for minors.

Fifth people’s governments at or above the county level shall establish an information system for the protection and management of minors, realize the interconnection and sharing of information on the protection and assistance of minors, and improve the level of cooperation.

Chapter II Protection of Minors

Article 6 Parents or other guardians of minors shall perform their guardianship duties according to law, create a good, harmonious and civilized family environment, and educate and influence minors with healthy thoughts, civilized words and deeds and scientific methods.

Parents or other guardians of minors should establish a correct concept of family education, consciously learn family education knowledge, take the initiative to accept family education guidance, actively participate in parent schools and parent classes, and improve the ability of family education.

Article 7 Parents or other guardians of minors shall respect and protect minors’ privacy and personal information according to law, and learn about minors’ study, life and communication in an appropriate way.

When collecting students’ personal information and family information, the school shall inform the students and their parents, and shall have the obligation to manage and keep confidential the information obtained, and shall not destroy, illegally delete, disclose, disclose or buy or sell it.

Eighth parents or other guardians of minors and other adults carrying minors under the age of four in a family passenger car shall be equipped with and correctly use child safety seats; Those who take minors under the age of 12 by car shall not be arranged to ride in the passenger seat. Minors under the age of twelve shall not be left alone in the car. The traffic administrative department of the public security organ shall order it to make corrections if it finds any violation of the above provisions.

Ninth schools should carry out education and teaching activities in accordance with the provisions of the state and this province, and shall not arbitrarily increase or decrease courses and class hours; Reasonable arrangement of minor students’ work and rest time at school, ensuring their rest and entertainment time, and ensuring that minor students’ physical exercise time is not less than one hour every day at school; Students shall not be uniformly required to attend the course teaching activities before the prescribed class time.

Article 10 Fully implement the relevant provisions of the state on reducing the excessive academic burden of students in compulsory education, comprehensively reduce the total amount and duration of students’ homework, and reduce the excessive homework burden of students.

Schools should classify and clarify the total amount of students’ homework in accordance with relevant state regulations. Teachers should guide primary school students to basically complete written homework in school, and junior high school students to complete most written homework in school. Schools and parents should guide students to finish the remaining written homework after coming home from school, and carry out the necessary schoolwork. If individual students fail to finish the written homework after efforts, they should also go to bed on time.

Eleventh people’s governments at or above the county level shall, in accordance with the relevant provisions of the state, comprehensively regulate the off-campus training behavior in the compulsory education stage, strictly implement the relevant management measures for the training materials of off-campus training institutions, and implement the training content filing and supervision system. It is strictly forbidden to exceed the standard for advanced training, non-disciplinary training institutions to engage in disciplinary training, and it is strictly forbidden to provide overseas education courses. Investigate and deal with outstanding problems such as out-of-scope training, uneven quality of training, vulgar and illegal content, piracy and infringement according to laws and regulations.

The relevant departments of the people’s governments at or above the county level will no longer approve new off-campus training institutions for students in compulsory education, and the existing discipline training institutions will be uniformly registered as non-profit institutions. No longer approve new off-campus training institutions for preschool children and discipline-based off-campus training institutions for ordinary high school students.

Off-campus training institutions shall not occupy national statutory holidays, rest days and summer and winter holidays to organize subject training for students in compulsory education. Online training should pay attention to protecting students’ eyesight and strictly implement the relevant state regulations on class hours. Actively explore the use of artificial intelligence technology to reasonably control students’ continuous online training time.

Twelfth schools and kindergartens should strengthen the management of teaching staff. Teaching staff shall not organize, introduce or induce minors to participate in paid course counseling, and teachers are strictly prohibited from providing paid course counseling for minors.

Schools and kindergartens should conduct mental health screening for faculty and staff every semester, and adjust their posts in time for staff who are not suitable to continue to engage in corresponding posts.

Thirteenth schools and kindergartens should set up parent committees to listen to the opinions of families and minors through open teaching, joint home visits and parent-teacher conferences, so as to improve and perfect education and teaching methods.

Article 14 Schools and kindergartens shall establish a safety management system, implement closed campus management for minors during their stay in school and kindergarten, install video image acquisition devices in major areas, conditionally install a one-button alarm system, and do a good job in campus safety inspection. Every school and kindergarten should have at least one full-time security guard or specially trained security management personnel; Conditional can cooperate with the community, parents, establish a team of security volunteers, and maintain order at the school gate during school hours. The education administrative department of the people’s government at or above the county level shall supervise and guide schools and kindergartens to establish, improve and implement the safety management system.

Public security organs and other relevant departments shall maintain public security and traffic order around the campus according to law, promote the full coverage of public security video surveillance systems around the campus, and improve traffic management facilities. The public security organ shall reasonably set up a police room or a public security sentry box, arrange police force to guide and patrol, and timely prevent and stop the illegal and criminal acts against minors such as affray, extortion and fighting.

Fifteenth schools should establish a system for the prevention and control of student bullying, improve the early warning, in-process disposal and after-the-fact intervention mechanisms, clarify the responsibilities of faculty and staff in relevant positions, and effectively carry out the prevention and disposal of student bullying. The public security organs and parents of students where the school is located shall cooperate with the school to do a good job in the prevention and control of student bullying. The education administrative department of the people’s government at or above the county level shall incorporate the effect of prevention and control of student bullying into the annual assessment of the school.

If a school finds that a student commits bullying, it shall identify and dispose of it in accordance with the relevant provisions of the state.

Article 16 Schools and kindergartens should carry out emergency evacuation and safety self-help drills for emergencies and accidental injuries such as typhoon, earthquake, fire, drowning and food poisoning at least once every semester, so as to help minors improve their safety awareness and master the methods and abilities of avoiding danger, escaping, protecting and self-help.

Seventeenth schools and kindergartens should provide safe learning and living facilities for minors, and the food, medicine, school (park) clothes and other daily necessities provided should comply with the relevant provisions of the state and this province, and the procurement situation should be made public.

Schools and kindergartens that use school buses should establish and improve the school bus safety management system, and be equipped with safety management personnel. Schools and school bus service providers equipped with school buses should be equipped with on-board caregivers to ensure the safety of minors taking school buses. The school bus attendant shall not be concurrently held by the driver.

Eighteenth schools and kindergartens should establish and improve the health care mechanism, and equip full-time health technicians or part-time health care teachers as needed. When carrying out physical exercise and outdoor activities, minors suffering from heart disease, asthma, epilepsy and other diseases or with allergies and other special physique should be given corresponding care; Parents or other guardians of minors should take the initiative to inform schools and kindergartens of the corresponding situation of minors.

Article 19 The education administrative department of the people’s government at or above the county level shall establish a linking mechanism between compulsory education in junior high school and secondary vocational education, and accept students with learning difficulties in junior high school to attend secondary vocational schools.

Twentieth special education schools should have places and facilities to adapt to the characteristics of learning, rehabilitation and life of disabled minors, and provide labor skills education, vocational education and employment guidance to disabled minors at an appropriate stage.

The people’s governments at or above the county level shall give appropriate education subsidies to disabled minors who receive compulsory education, and the subsidy standards shall be determined by the people’s governments at or above the county level according to the local economic and social development level and the basic learning and living needs of the educational aid recipients.

Twenty-first schools and kindergartens are not allowed to set up places or facilities for the production, management, storage and use of inflammable, explosive, toxic, radioactive and corrosive dangerous goods within a linear extension of 200 meters.

Schools and kindergartens are not allowed to set up business entertainment places, bars, tattoo service places, adult goods stores, Internet service places and other places that are not suitable for minors’ activities within a linear extension of 200 meters. Operators who are not suitable for minors’ activities shall not allow minors to enter, and operators shall set up signs prohibiting minors from entering or restricting them in a prominent position. If it is difficult to determine whether they are minors, they shall be required to show their identity documents.

The departments of public security, emergency management, tourism and culture, market supervision and management of the people’s governments at or above the county level shall establish and improve the video supervision system and the special inspection system, and supervise places that are not suitable for minors’ activities according to law. Any organization or individual who finds minors entering places unsuitable for minors’ activities has the right to dissuade and stop them, and report to the public security organ or other relevant departments.

Twenty-second operators of off-campus custody and temporary care institutions that provide catering and rest services for minors shall set up and provide services in accordance with relevant national and provincial safety and health standards.

The people’s governments at or above the county level shall establish and improve the long-term supervision mechanism of off-campus custody and temporary care institutions, and the relevant departments of public security, market supervision and management, education, comprehensive administrative law enforcement and fire rescue institutions shall strengthen management according to their respective functions and duties, and carry out joint law enforcement work on a regular basis.

Article 23 Fire fighting and rescue institutions shall strengthen the fire fighting work of schools, kindergartens, off-campus training institutions, child welfare institutions and minor rescue and protection institutions, carry out fire fighting publicity and education, guide them to implement their fire safety responsibilities, organize fire fighting inspections at least once a year, and order them to make timely rectification if they find fire hazards or other fire-fighting violations.

Article 24 Residents’ committees, villagers’ committees and schools shall arrange special personnel to be responsible for caring and helping the left-behind minors and minors in distress, assist in providing guardianship guidance, carry out caring services such as life assistance, spiritual care, psychological counseling, returning to school and implementing household registration, and support and cooperate with relevant departments and social organizations to carry out caring and service activities.

People’s governments at all levels shall, in accordance with the relevant provisions of the state and this province, establish and improve the care and service system for left-behind minors and minors in distress, and guide residents’ committees, villagers’ committees, schools and other social organizations and mass organizations to establish information files for minors and carry out care and assistance work such as improving boarding conditions in schools and incorporating them into the scope of social assistance and social welfare policies.

Twenty-fifth network information departments and other relevant departments should strengthen the supervision and inspection of minors’ network protection, screen and filter websites and webpages that spread bad information, and purify the network environment.

Internet information, public security, tourism and culture, market supervision and management, press and publication, communication management, radio and television and other departments should strengthen the supervision and management of network information content and mobile phone operators, network operators and network information providers to prevent mobile phone information and network information from causing adverse effects and harm to minors.

Twenty-sixth without the permission of the school, underage students are not allowed to bring smart terminal products such as mobile phones into the classroom. If students really need to bring smart terminal products such as mobile phones into the campus, they must apply in writing with the consent of their parents, and then hand them over to the school for unified custody. Schools should formulate specific measures to clarify the place, method and responsible person of unified custody, and provide necessary custody devices.

Twenty-seventh network service providers should implement real-name management of online paid games and live webcasts through real-name verification, face recognition and manual audit, and may not provide recharge and reward services to minors.

If a minor participates in online paid games or rewards on the live webcast platform, the guardian may request the network service provider to return the money spent by the minor according to law.

Article 28 News media should be objective, prudent and moderate in reporting incidents involving minors, and should not disclose the names, residences, schools, photos and images of the minors involved, or materials that may infer the identity of the minors, or make insulting comments on the minors, so as to avoid secondary injuries, or infringe on their reputation, privacy and other legitimate rights and interests.

Chapter III Prevention of Juvenile Delinquency

Twenty-ninth minors have bad behavior or serious bad behavior, the relevant state organs, residents’ committees, villagers’ committees, schools, parents or other guardians of minors should intervene and correct in accordance with relevant laws and regulations.

Parents or other guardians of minors are the persons who are directly responsible for carrying out crime prevention education for minors, and shall perform their guardianship duties according to law, and perform the following duties of crime prevention education:

(a) to maintain communication and exchanges with minors, and to give timely help and guidance to the problems encountered in their growth;

(two) to carry out legal and moral education for minors, establish a good family style, and strengthen the self-protection and disposal ability of minors to deal with illegal infringement;

(three) take the initiative to understand the situation of minors in school and actively cooperate with the education work of the school;

(4) If minors are found to have abnormal psychology or behavior, they shall be educated, guided and advised in time;

(five) to educate and guide minors to watch, listen to or read healthy and progressive film and television programs, audio-visual products, books, newspapers, electronic publications and network information.

Thirtieth education administrative departments of the people’s governments at or above the county level shall popularize the rule of law education in primary and secondary schools, cultivate full-time teachers of rule of law education, and encourage legal experts and rule of law workers to serve as part-time teachers of rule of law education; According to the proportion of students in the administrative region, all primary and secondary schools are reasonably equipped with vice presidents of rule of law, part-time teachers of rule of law education, and off-campus rule of law counselors.

The education administrative department shall, in conjunction with the judicial administrative department, promote the construction of the practice base of legal education for minors in combination with the actual situation, and incorporate the practice base into the overall planning of off-campus education in primary and secondary schools.

Township People’s governments and sub-district offices shall co-ordinate the work of rule of law education for non-school minors within their respective administrative areas, arrange members of the talent pool of rule of law education teachers to teach rule of law education classes for non-school minors, and the education administrative department of the local people’s government shall give support.

Thirty-first schools should establish and improve the working mechanism of hiring and assessing the vice president of rule of law, full-time (part-time) teachers of rule of law education, and off-campus rule of law counselors.

The vice president of the rule of law, part-time teachers of the rule of law education, and off-campus counselors of the rule of law shall assist the school to carry out the rule of law education, and carry out the publicity activities of the rule of law education according to the arrangement of the school to ensure that at least one lecture on the rule of law is given every semester.

Thirty-second provincial people’s government shall, in accordance with the principle of overall planning and rational distribution, guide cities and counties to strengthen the construction of special schools. The administrative department of education shall ensure the conditions for running a special school, and ensure that the salary level of teachers in special schools is not lower than that of teachers in local ordinary primary and secondary schools.

Students in specialized schools enjoy the same rights as those graduated from ordinary primary and secondary schools and secondary vocational schools in terms of further studies and employment. No organization or individual may discriminate, punish or abuse underage students.

Ordinary schools should retain their student status for underage students transferred to specialized schools; Students who have been transferred back by the original decision-making organ shall not refuse to accept them. Due to special circumstances, it is not suitable to transfer back to the original school, and the education administrative department of the local people’s government will arrange for transfer.

Article 33 Parents or other guardians of minors shall visit minors who have received special education at least once a month and cooperate with special schools to educate and correct them. Special schools should provide convenience for parents or other guardians to visit minors.

Article 34 Public security organs, judicial administrative departments, people’s courts, people’s procuratorates, institutions of higher learning and scientific research institutes shall, in light of the actual situation, carry out research on the forms, characteristics and laws of juvenile delinquency and put forward suggestions for preventing juvenile delinquency.

People’s governments at or above the county level shall encourage and support lawyers from law firms and grass-roots law firms and grass-roots legal workers to actively participate in the prevention of juvenile delinquency.

Article 35 The whole society should optimize the growth environment of minors, educate and guide minors to establish a correct world outlook, outlook on life and values, enhance the concept of the rule of law, develop good conduct and law-abiding behavior habits, consciously resist the temptation and infringement of bad behaviors and illegal and criminal acts, and enhance the self-prevention ability of illegal and criminal acts.

The people’s governments at or above the county level shall promote the construction of social work talents specializing in the prevention of juvenile delinquency, encourage and support institutions of higher learning, enterprises and institutions, social organizations and individuals engaged in legal services and psychological services, give full play to their own advantages, and participate in the prevention of juvenile delinquency by entering schools and communities.

Chapter IV Legal Liability

Article 36 If the parents or other guardians of minors fail to perform their guardianship duties according to law or infringe upon the legitimate rights and interests of minors, the residents’ committees and villagers’ committees in their places of residence shall advise and stop them; If the circumstances are serious, the residents’ committees and villagers’ committees shall report to the public security organs in a timely manner.

Residents’ committees and villagers’ committees should record the process and content of exhortation and stop, and pay a return visit within one month to protect the legitimate rights and interests of minors.

If the public security organ receives a report or the public security organ, the people’s procuratorate or the people’s court finds that the parents or other guardians of minors have the above situation in the process of handling the case, they shall be admonished and may be ordered to receive family education guidance.

Thirty-seventh schools, kindergartens and their staff in violation of the provisions of Article 9, Article 12, Article 14, Article 16, Article 18, the education administrative department of the people’s government at or above the county level shall order it to make corrections and give criticism and education; Refuses to correct or if the circumstances are serious, the directly responsible person in charge and other directly responsible personnel shall be punished according to law or ordered to be punished by the school.

Article 38 State functionaries responsible for the protection and prevention of juvenile delinquency who neglect their duties, abuse their powers or engage in malpractices for personal gain shall be punished according to law; If a crime is constituted, criminal responsibility shall be investigated according to law.

Thirty-ninth acts in violation of these provisions, which have not been punished, shall be punished in accordance with the relevant laws and regulations; If it causes personal, property or other damage, it shall bear civil liability according to law; If a crime is constituted, criminal responsibility shall be investigated according to law.

Chapter V Supplementary Provisions

Fortieth these Provisions shall come into force as of November 1, 2021. The Regulations on the Protection of Minors in Hainan Province adopted at the 18th meeting of the Standing Committee of the Fifth People’s Congress of Hainan Province on November 27, 2015 shall be abolished at the same time.

General Office of the State Council about

Implementation opinions on supporting export products to domestic sales.

Guo Ban Fa [2020] No.16

People’s governments of all provinces, autonomous regions and municipalities directly under the Central Government, ministries and commissions and institutions directly under the State Council:

In order to thoroughly implement the decision-making arrangements of the CPC Central Committee and the State Council on promoting the prevention and control of epidemic situation and economic and social development in COVID-19 as a whole, do a good job of "six stables" and implement the task of "six guarantees", while encouraging enterprises to expand the international market, support marketable export products to open up the domestic market, make efforts to help foreign trade enterprises tide over the difficulties and promote the basic stability of foreign trade, with the consent of the State Council, we hereby put forward the following opinions:

I. Working principles

Give play to the guiding role of the government, support the export products to domestic sales, help foreign trade enterprises to bail out, ensure the smooth operation of the industrial chain supply chain, and stabilize the basic market of foreign trade and foreign investment. Give play to the main role of enterprises, adhere to market-oriented operation, encourage foreign trade enterprises to expand sales channels, and promote the upgrading of domestic consumption. Implement local territorial responsibilities, promote the export products to domestic sales according to local conditions, and focus on helping foreign trade enterprises and small and medium-sized micro-foreign trade enterprises in the supply chain of important industrial chains in the region.

Second, support export products to enter the domestic market

(a) to speed up the domestic market access.Before the end of 2020, if the export products produced according to the standards of the export destination country and the relevant standards and technical indicators meet the requirements of China’s mandatory standards are transferred to the domestic market due to the epidemic situation, enterprises are allowed to make relevant written commitments and sell them through self-compliance statements, unless otherwise stipulated by laws and regulations. Foreign trade enterprises should be responsible for the consistency of Chinese and foreign language labels and logos affixed to products exported to domestic market.(The General Administration of Market Supervision, the Ministry of Ecology and Environment, the Ministry of Transport, the Ministry of Agriculture and Rural Affairs, the Health and Wellness Committee, the Emergency Department, the Railway Bureau, the Civil Aviation Administration, the Coal Mine Safety Supervision Bureau and other departments are responsible according to the division of responsibilities)If the products exported to domestic market involve compulsory product certification (CCC certification), the compulsory product certification certificate shall be obtained according to law. We will continue to deepen the reform of the compulsory product certification system, simplify the certification procedures for products exported to domestic sales, and shorten the processing time.(Responsible by the General Administration of Market Supervision)Simplify the tax procedures of enterprises.(Responsible by the State Administration of Taxation)

(2) Promote the development of "same line, same standard and homogeneity".Support enterprises to develop "same line, same standard and same quality" (hereinafter referred to as "three products"), that is, to produce products that can be exported and sold domestically on the same production line according to the same standards and quality requirements, and help enterprises reduce costs and realize the transformation of domestic and foreign sales. Expand the scope of application of "three links" to the fields of general consumer goods and industrial products.(General Administration of Market Supervision, Ministry of Industry and Information Technology, Ministry of Commerce and other departments are responsible according to the division of responsibilities)Open a fast track for domestic production and sales approval. Accelerate the improvement of the functions of the "Three Tong" public information service platform.(Responsible by the General Administration of Market Supervision)Carry out "Three Tong" product promotion activities to enhance visibility and influence.(The Central Propaganda Department, the Ministry of Commerce and the General Administration of Market Supervision are responsible for the division of responsibilities)

(3) Strengthening the protection of intellectual property rights.Support foreign trade enterprises to negotiate with brands about the authorization of intellectual property rights involved in exporting products to domestic market, and do a good job in patent application, trademark registration and copyright registration. Strengthen the guidance and service for the use of intellectual property rights by foreign trade enterprises.(The Central Propaganda Department and the Intellectual Property Office are responsible for the division of responsibilities)

Third, multi-channel support for domestic sales

(four) to build a domestic platform.Encourage foreign trade enterprises to connect with e-commerce platforms, and set up foreign trade product zones based on various online shopping festivals. Under the premise of meeting the requirements of domestic epidemic prevention and control, guide the main pedestrian streets to organize special activities to transfer export products to domestic sales. Organize large commercial enterprises and foreign trade enterprises around the country to carry out direct purchase orders, and set up special sales areas and counters for foreign trade products. Organize domestic buyers to purchase foreign trade products at China Import and Export Fair (Canton Fair) and China Processing Trade Products Expo.(Ministry of Commerce, responsible for the people’s governments of all provinces, autonomous regions and municipalities directly under the Central Government)

(5) Give play to the role of effective investment.Focus on the needs of new infrastructure, new urbanization and major projects ("two new and one heavy") in various places, organize the docking of a number of qualified export products for domestic sales, and help enterprises integrate into the industrial chain supply chain of investment projects.(The people’s governments of all provinces, autonomous regions and municipalities directly under the Central Government are responsible)Guide foreign trade enterprises to actively complement and strengthen the chain, promote the coordinated innovation of the industrial chain and the adjustment of industrial structure, intensify the upgrading and transformation of technology and technology, and participate in the construction of major projects in the industrial and communications industries.(Ministry of Industry and Information Technology, responsible for the people’s governments of all provinces, autonomous regions and municipalities directly under the Central Government)

(6) Accurately meet consumer demand.Guide foreign trade enterprises to accurately meet the needs of consumption upgrading in the domestic market, give play to the advantages of quality, research and development, apply technologies such as big data and industrial internet, develop marketable domestic products through personalized customization and flexible production, create their own brands, cultivate and develop new consumption hotspots, and promote consumption recovery. Encourage foreign trade enterprises to make full use of online sales, live delivery, scene experience and other new formats and new models to promote the integration of online and offline development.(The Ministry of Industry and Information Technology and the Ministry of Commerce are responsible according to the division of responsibilities, and the people’s governments of all provinces, autonomous regions and municipalities directly under the Central Government are responsible.)

Fourth, increase support.

(seven) to improve the level of facilitation of domestic sales.For processing trade enterprises that meet the requirements and can go through the tax collection procedures for domestic sales in a centralized way, they shall report before the 15th of each month, and adjust to report within 15 days after the end of each quarter at the latest, provided that the validity period of their books (accounts) or the deadline for verification is not exceeded.(Responsible by General Administration of Customs)

(eight) do a good job in financing services and support.Encourage all kinds of financial institutions to provide financial support for export products to domestic market, strengthen supply chain financial services, carry out policy financing business under domestic insurance in light of the actual situation, increase operating revolving credit support such as liquidity loans, actively carry out pledge financing such as accounts receivable, inventory, machinery and equipment, warehouse receipts and orders, and strengthen direct lending business to small and medium-sized micro-foreign trade enterprises by relying on large-scale e-commerce platforms.(The Ministry of Finance, the People’s Bank of China and China Banking and Insurance Regulatory Commission are responsible for the division of responsibilities)

(9) Increase insurance support.Support insurance companies to increase the protection of export products to domestic sales and provide diversified insurance services.(China Banking and Insurance Regulatory Commission is responsible)

(10) Strengthen financial support.Make full use of special funds for foreign trade and economic development, support business training, publicity and promotion, information services related to export to domestic sales, and support foreign trade enterprises to participate in online and offline domestic sales exhibitions.(Ministry of Finance and Ministry of Commerce are responsible)

V. Strengthening organization and implementation

All local people’s governments and relevant departments should attach great importance to supporting the export products to domestic sales. All localities should introduce targeted supporting measures according to local conditions, and the Ministry of Commerce should work out specific work plans with relevant departments and organize their implementation, strengthen policy guidance and business training, and sum up and popularize good experiences and practices in a timely manner; Organize and guide the media to focus on publicity and reporting, create a good environment to support export products to domestic sales, guide the expansion of domestic market space, and promote fair competition.(The Central Propaganda Department, the Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Finance, the Ministry of Commerce, the People’s Bank of China, the General Administration of Customs, the State Administration of Taxation, the General Administration of Market Supervision, and China Banking and Insurance Regulatory Commission are responsible according to the division of responsibilities, and the people’s governments of all provinces, autonomous regions and municipalities directly under the Central Government are responsible.)

the General Office of the State Council

June 17, 2020

(This piece is publicly released)

Beijing Zhengban made [2020] No.26

District People’s governments, municipal government commissions, offices and bureaus, and municipal institutions:

　　With the consent of the municipal government, we hereby print and distribute the Implementation Plan for Beijing to further optimize the business environment and better serve the market players to you, please conscientiously implement it according to the actual situation.

General Office of Beijing Municipal People’s Government　　　　

December 30, 2020　　

Beijing’s implementation plan to further optimize the business environment and better serve market players

　　In accordance with the decision-making arrangements of the CPC Central Committee and the State Council, this implementation plan is formulated in order to do a solid job of "six guarantees", fully implement the task of "six guarantees", continuously deepen the "streamline administration, delegate power, strengthen regulation and improve services" reform, accelerate the creation of an international business environment based on marketization and rule of law, stimulate the vitality of market players, enhance the endogenous power of development, and continuously inject new kinetic energy into the high-quality development of the capital economy.

　　I. Main objectives

　　Taking the opportunity of building a comprehensive demonstration zone for the expansion and opening up of the national service industry and the China (Beijing) Pilot Free Trade Zone (hereinafter referred to as the Free Trade Zone), taking the construction of a national pilot city for business environment innovation as the starting point, we will further focus on the concerns of market participants, focus on resolutely removing hidden barriers, optimizing the approval process for reengineering, strengthening supervision during and after the event, and accelerating the construction of digital government, effectively promote the reform of key areas, key links and outstanding issues, conscientiously implement the policy of helping enterprises out, and strive to get through the "last mile" of policy implementation.

　　Second, the main task

　　(A) to create a more efficient investment and construction environment

　　Adhere to the notification commitment as the basis, further deepen the reform of the investment approval system, explore innovative investment management services, implement differentiated management according to the project risk level, and optimize the approval process of investment construction projects.

　　1. Optimize the investment project approval process. First, with the goal of efficiently doing "one thing" in the early stage of the project, improve the overall promotion mechanism in the early stage of the project, formulate measures for the management of major project reserves, further simplify and integrate the procedures for applying for construction of investment projects, and continuously streamline and optimize the examination and approval procedures, examination and approval items and application materials. The second is to deepen the reform of the commitment system of enterprise investment projects in Beijing Economic and Technological Development Zone, standardize the commitments of enterprises, uniformly inform the commitment content, process and letter of commitment format, and replicate and promote the reform experience of "regional evaluation+standard land+commitment system+government support" in key areas such as Zhongguancun Science City, Huairou Science City, Future Science City and Free Trade Zone.

　　2. Deepen the reform of planning land approval. First, strengthen the connection between planned land use and government and enterprise investment decisions, accelerate the integration of all kinds of planning data, promote the superposition of all kinds of planning basemaps at all levels, realize the sharing of basemaps among departments, real-time query and business collaboration, and provide convenience for government and enterprise investment decisions. Second, the implementation plan of regional assessment is issued, and the detailed implementation rules and technical requirements of assessment in the fields of environment, water and transportation are clearly defined. The construction projects in the region can be simplified in various ways, such as direct access, notification and commitment system, and tolerance and acceptance. Carry out the pilot reform of "block control and regional evaluation" to further simplify the approval process. The third is to further decentralize the planning approval authority, and formulate a list of urban two-level approval authority for housing construction and municipal transportation infrastructure projects, which is convenient for enterprises to declare and reduce processing time.

　　3. Deepen the reform of the examination and approval system for engineering construction. First, we will further promote the classified management of construction projects, and streamline and standardize the examination and approval items, technical review and intermediary services involved in the whole process of construction projects. Second, on the premise of ensuring safety, the construction permit of low-risk new construction, reconstruction and expansion projects with social investment shall be implemented with the notification commitment system. The third is to comprehensively promote the integration of multiple surveys, optimize the integration of surveying and mapping matters in land use, planning, construction, acceptance, real estate registration and other stages, share and recognize the surveying and mapping results of the same subject matter with relevant departments, and reduce the number of surveys and mapping of enterprises. Fourth, the guidance of architect responsibility system was issued, and procedures such as exemption from construction drawing design review, planning line inspection and construction line re-inspection were implemented for civil buildings and low-risk industrial construction projects. The fifth is to disclose the distribution map of geological disaster-prone areas, the geological conditions of each region and the requirements for prevention and control of geological disasters, so as to provide convenience for enterprises to independently carry out preliminary survey and design. The sixth is to build a hierarchical management and control platform for engineering quality risk in this city, and determine the frequency and content of quality and safety supervision and inspection according to the risk level, and only conduct one inspection for low-risk projects. The seventh is to deepen the reform of "multi-inspection in one" in project completion acceptance, establish a joint acceptance service platform for project completion, and optimize the joint completion acceptance process. We will implement the merger of real estate registration and joint acceptance of low-risk projects, further reducing the time limit for first registration.

　　4. Comprehensively improve the level of municipal services. First, clarify the municipal access standards for water, electricity, gas, heat, communication, cable TV and other construction projects, simplify the approval process of municipal access, and reduce access costs. The second is to deepen the reform of the examination and approval of municipal facilities access, implement parallel examination and approval of the involved links such as project planning permission, greening permission and occupation construction permission, and explore the implementation of access notification commitment system; Cancel the additional examination and approval requirements and procedures in the process of water, electricity, gas, heat, communication, cable TV and other municipal access registration. The third is to study and promote the municipal "one-stop" convenient service, and accelerate the implementation of "full-process online services" such as registration, inquiry and payment. Applicants can handle municipal access services only by providing information such as planning permits, property certificates and identity documents online. The fourth is to implement the reform of "non-prohibition and approval-free" for municipal access projects, further refine the scope of publicly prohibited areas, and exempt the approval of road excavation for 5G base station power connection projects outside the prohibited areas. Fifth, the qualified charging and replacing facilities are connected to the external power supply free of charge to reduce the cost of high-voltage power connection.

　　5. Accelerate the online approval of the whole process of engineering construction projects. First, improve the examination and approval system of engineering construction projects, and promote information sharing and business collaboration with systems such as "integration of multiple regulations", joint examination of construction drawings, joint acceptance, supervision and inspection, and credit publicity. Enterprise information is filled in once, materials are uploaded once, departmental review opinions and approval results are pushed in real time, and approval documents are printed online. Second, the administrative licensing, filing, evaluation, intermediary services, municipal public services and other matters involved in construction projects will be included in the examination and approval system of construction projects, and the standards and fees will be handled publicly.

　　(B) to create a more convenient market environment

　　Guided by the needs of market participants, we will continue to deepen reforms in the commercial system, financing and credit, bidding and tendering, and create a world-class development environment for market participants to engage in production and business activities.

　　1. Further reduce the market access threshold. First, comprehensively sort out the access matters in the fields of engineering construction, education, medical care, sports, etc., clarify the name of the matter, application conditions and materials, handling procedures and other contents and make them public; Unreasonable conditions for enterprise qualifications, funds, share ratio, personnel, places, etc. should be cleaned up immediately. The second is to optimize the examination and approval of clinics and pharmacies, and implement the filing system management for qualified clinics; The notification commitment system shall be implemented for the allocation license of Class B large medical equipment for social medical institutions and the establishment of retail enterprises that only operate Class B over-the-counter drugs. The third is to cancel the examination and approval for the preparation of pharmaceutical retail enterprises, and clean up unreasonable conditions such as spacing restrictions set for opening pharmacies. Fourth, the filing system for food business (only sold in prepackaged foods) should be implemented in the FTZ. Fifth, cross-regional performance information sharing is realized through the online approval system for commercial performances. For commercial performances and other projects approved by the competent departments of culture and tourism at all levels across the country, they will apply for hosting again within one year from the date of approval, and the management of filing in advance will be implemented. In principle, there will be no repeated approval.

　　2. Optimize the market access environment for new formats and new models. In view of the problems such as a large number of market access items, high conditions and complicated procedures in the digital economy, this paper studies and puts forward reform measures to relax market access in the digital economy. First, the administrative licenses involved in the new format and new model are all included in the list of government affairs services and made public, and the examination and approval items related to e-sports events and Internet medical care are included in the comprehensive window of government affairs service halls at the city and district levels. The second is to support the development of e-sports events in Beijing, simplify the examination and approval of e-sports events, and merge the event license and safety license to achieve one-time declaration and parallel approval; Provide visa facilitation services for overseas participants according to the identity confirmation letter issued by the sports authorities for athletes participating in e-sports events. The third is to optimize the development environment of Internet medical care, encourage and support medical institutions to connect with the Internet platform, and market entities can simultaneously apply for the establishment of physical medical institutions and Internet hospitals to achieve "the same approval and the same certification"; Promote the development of Internet follow-up, health consultation, remote auxiliary diagnosis and other services, explore the implementation of Internet consultation management according to the classification of diseases, and realize the connection between online consultation and offline diagnosis and treatment. The fourth is to promote the healthy and orderly development of online education, further clarify the time limit and standards for off-campus online education filing and review, and continuously update the list of off-campus online education filing in this city. Fifth, improve the efficiency and transparency of autonomous driving test, promote the mutual recognition of test results of autonomous driving closed sites in different places, disclose the closed site test service items and charging standards to the public and supervise them; Simplify the application and renewal procedures for automatic driving test notices,If the test notice expires but the vehicle state has not changed, there is no need to repeat the test, and the time limit is directly extended. The sixth is to optimize the market access system of the network car industry, introduce a reform plan for deepening the integration of cruise taxis and network cars in this city, and encourage cruise taxis to carry out network contract services; Promote the data sharing of public security, transportation and other departments, and realize the "full network operation" of the network car transport permit. Seventh, speed up the examination and approval of online game version numbers, expand the team of game review experts, and implement online first and then filing management for game products published during the epidemic period, such as fighting the epidemic, leisure and puzzle, etc.

　　3. Deepen the reform of "separation of licenses". First, efforts should be made to solve the problem of "access is not allowed", comprehensively clean up the business license matters related to enterprises in accordance with the requirements of the national "separation of licenses" reform, and implement inventory management of all business license matters related to enterprises in the city and announce them to the public; Outside the list, enterprises shall not be restricted from entering related industries or fields, and enterprises can independently carry out general operations after obtaining business licenses. Second, efforts should be made to promote "license reduction after taking photos" and simplify examination and approval. By the end of 2021, more than 100 items will be cancelled, changed to filing or promised to inform, and 150 items will be achieved within the free trade zone. The third is to carry out the pilot reform of food-related licensing matters, and realize one-time application and parallel examination and approval of enterprise business license and administrative license. Fourth, efforts should be made to solve the problem of multi-head approval and repeated approval of market access, carry out the pilot reform of "one industry and one license" in Beijing Economic and Technological Development Zone, and gradually promote it to the free trade zone to realize "one license and quasi-operation". The fifth is to implement the reform of "one photo and multiple addresses". If the market entity has publicized the actual business premises of its branch or indicated the domicile of the branch in its business license, the examination and approval departments shall go through the examination and approval procedures for relevant licensing matters for its branch according to law.

　　4. Continuously improve the financing environment for small and medium-sized enterprises. Focus on credit evaluation, guarantee, pledge, credit, venture capital and other key links of small and medium-sized enterprises to provide more convenient and preferential financing services. First, banks and guarantee institutions are encouraged to formulate and improve the evaluation of business indicators, the standards and procedures for loan due diligence exemption, innovate the credit service model for small and medium-sized enterprises, and fully implement online services. Second, give full play to the role of Beijing Intellectual Property Exchange Center, and provide full-chain services such as intellectual property registration and trading for small and medium-sized scientific and technological enterprises, with an annual service of not less than 5,000 small and medium-sized scientific and technological enterprises. Third, encourage financial institutions to strengthen cooperation with intellectual property intermediaries, develop financial products, and increase the scale of financing. The amount of new intellectual property pledge loans in this city will strive to increase by more than 30% year-on-year. Fourth, encourage taxation, human resources and social security departments and public service enterprises to establish credit evaluation standards and index systems, strengthen data collection and sharing with financial institutions, and guide financial institutions to strengthen credit loan product innovation, with the balance of small and micro enterprise credit loans accounting for no less than 30%. Fifth, the guidance on the first loan discount for small and medium-sized enterprises was issued, and the small and medium-sized enterprises that handle loan business in the city’s first loan center were subsidized; The city’s loan renewal center implements services such as online acceptance and non-repayment of loans. The sixth is to build a platform for equity investment and venture capital share transfer to provide short-term liquidity support and standardized exit channels for private equity holders.

　　5. Deepen the reform of government procurement and bidding. First, establish a unified whole-process electronic government procurement platform in the city, and improve the functions of online bidding, procurement review, contract signing, performance acceptance, credit evaluation and fund payment. The second is to change the one-time bidding of centralized government procurement suppliers into irregular filing, and increase the opportunities for enterprises to participate. The third is to study and establish a unified management service organization for public resource transactions, and form a working system with scientific organizational structure, separation of management and operation, efficient service and standardized supervision. Fourth, establish and improve a unified, standardized and electronic public resource trading platform system, promote the sharing of data and information on various transactions, entities, performance, credit and supervision, promote the supervision of various departments on the same platform, and create an open, transparent, efficient, convenient and fair trading environment for market entities. Fifth, accelerate the transformation and upgrading of public resources bidding and trading system, and realize the whole process of project entry registration, bidding, bid opening, bid evaluation, calibration, contract performance management, contract payment and so on. Sixth, accelerate the docking of various trading systems with the financial guarantee service platform for public resource transactions, and provide services such as online submission of bid bonds and performance bonds; Vigorously promote the electronic guarantee of financial institutions to pay enterprise-related deposits instead of cash, and reduce the cash flow pressure of enterprises.

　　(C) to create a more open foreign trade environment

　　Promote the liberalization and facilitation of investment and trade, establish a trade supervision system that is in line with international rules, and take effective measures to attract foreign-funded enterprises to develop in Beijing.

　　1. Further improve the efficiency of import and export customs clearance. First, the overall customs clearance time for imports and exports will be reduced to less than 30 hours and less than 1.1 hours respectively. Second, we will further promote the "declare in advance" and "two-step declaration" to ensure the efficiency of "ship-side direct delivery" of imported goods by enterprises and shorten the overall customs clearance time. The third is to optimize the risk control rules and reduce the inspection rate of law-abiding enterprises and low-risk commodities. Solidify the customs inspection measures for enterprises during the epidemic period, continue to implement "flexible inspection" methods such as making an appointment, delaying, leaving the factory and warehousing, and allow enterprises to adopt "unaccompanied inspection" methods such as entrusting or not showing up at the scene to reduce the time for goods removal and inspection. The fourth is to innovate and promote the mutual recognition of facilitation measures for advanced certification enterprises in Beijing and Tianjin Customs, and realize the sharing of preferential treatment such as guarantee-free for advanced certification enterprises in the two places across customs areas. The fifth is to improve the efficiency of air cargo transit in this city and enhance the ability of international mail sorting.

　　2. Reduce the burden on import and export enterprises. First, create an open and transparent customs clearance environment, guide enterprises to actively disclose violations, reduce customs clearance costs, and reduce the comprehensive customs clearance costs by more than 20%. Second, the online and offline simultaneous disclosure of the list of charges for airport port operation services will enable the charging items to be updated regularly and inquired online, so that there is no charge outside the list. The third is to improve the capital turnover rate of foreign trade enterprises and reduce the average time for handling export tax rebate business to less than 6 working days; Fully implement paperless export tax rebate. Fourth, for enterprises that voluntarily report the existence of customs violations, if they are confirmed to be within the scope of voluntary disclosure and disposal, they can be given a lighter, mitigated or exempted from administrative punishment; After the goods are released, if an enterprise discovers underpayment or tax evasion through self-examination, and voluntarily discloses and pays back the tax, it may reduce or exempt the tax late fee according to law.

　　3. Expand the "single window" function of international trade. Accelerate the expansion of the "single window" function from port customs enforcement to logistics and trade services. First, the service function of cross-border trade intermediaries is added to the "single window" platform. Import and export enterprises can evaluate the services of intermediaries and publish the evaluation results and the customs clearance time of the top 100 intermediaries in import customs declaration business, so as to continuously standardize and improve the service level. The second is to use blockchain technology to improve the Beijing Airport International Logistics Application System and the Beijing-Tianjin-Hebei Maritime Customs Clearance Logistics Query System, and promote the whole process, whole link, whole chain and paperless operation of the Capital Airport Smart Airport Port; We will promote the uploading of customs clearance logistics data in Tianjin Port and Tangshan Port in Hebei Province, and provide enterprises with "customs clearance+logistics" real-time query service. The third is to strengthen data sharing among departments such as commerce, taxation, customs, the People’s Bank of China and foreign exchange, and promote financial institutions such as banks and insurance to use the "single window" to accurately analyze big data, so as to quickly provide financial products such as tariff guarantee and tariff guarantee insurance for enterprises and reduce the pressure on cash flow of enterprises. The fourth is to open a green channel for customs declaration, and set up a customs clearance service area for materials for international activities such as the 2022 Winter Olympics and Winter Paralympics, so as to realize immediate inspection and release.

　　4. Improve the convenience of two-way investment in enterprises. First, explore the establishment of a one-stop service system for foreign investment, so that foreign-funded enterprises can handle high-frequency matters such as enterprise registration, appointment account opening and foreign exchange registration with one login, one certification and one submission of materials; Foreign legal representatives can entrust others or remote video to carry out real-name tax authentication. The second is to further simplify the management process of overseas investment and realize the "full-process network office" for overseas investment filing; Improve the level of "one window handling" for the registration of foreign-invested enterprises at the district level. The third is to explore the pilot of cross-border fund pool with local and foreign currencies, and implement two-way macro-prudential management of cross-border capital flows. Fourth, support qualified foreign trade comprehensive service enterprises to provide comprehensive foreign exchange services for cross-border e-commerce; Exporters are allowed to make cross-border settlement in RMB for sales on overseas e-commerce platforms. Improve cross-border e-commerce import and export exchange facilitation management measures, encourage and guide cross-border e-commerce enterprises in this city to actively use overseas warehouses and broaden international marketing channels.

　　5. Provide convenience for international talents to work and live. First, we will fully implement the "one-window acceptance and simultaneous evidence collection" for the examination and approval of work permits and residence permits for foreign talents, and actively strive for foreign talents with talent visas to be exempted from the pilot work permit. Second, foreigners are allowed to use foreigners’ permanent residence identity cards to start and participate in domestic companies. The third is to improve the service level of the international portal website of Beijing Municipal Government, so as to facilitate foreigners to accurately understand information such as investment, work, study abroad, life and tourism in Beijing.

　　(D) to create a more stable employment environment

　　Intensify efforts to stabilize and expand employment, break all kinds of unreasonable restrictions that affect employment, adapt to and promote diversified new employment forms, promote independent evaluation of skilled personnel in enterprises, develop flexible employment and share employment according to local conditions, and further enhance the ability of society to absorb employment.

　　1. Reduce and simplify employment conditions in some industries. First, promote the cancellation of the qualification examination for road freight transport drivers except for road dangerous goods transport. Drivers can apply for the qualification certificate for road freight transport drivers by virtue of the Certificate of Completion of Training for Operating Road Freight Transport Drivers and the motor vehicle driver’s license of the corresponding model. The second is to reform the qualification examination system for practicing veterinarians in accordance with state regulations, allowing students in veterinary-related colleges and universities to sign up for the examination and obtain certificates according to regulations. The third is to promote the mutual recognition of workers’ medical examination results in secondary and above medical institutions in this city. Fourth, accelerate the reform of vocational qualifications, and cancel the professional qualifications of level evaluation technicians in accordance with state regulations; We will comprehensively promote the identification of enterprise vocational skill levels, support enterprises to independently carry out the evaluation of skilled personnel according to the national vocational skill standards, and form a market-oriented mechanism for training and using skilled personnel. The fifth is to simplify the employment procedures and promote the cancellation of the registration card for fresh college graduates.

　　2. Promote the flow of talents and flexible employment. Further deepen the reform in the fields of professional title evaluation, shared employment and social insurance, encourage the free flow of talent elements, and support multi-channel flexible employment. The first is to realize the "full-process network" of the declaration, review and payment of professional titles, and to implement the electronization of professional titles and qualification certificates. Implement mutual recognition of the evaluation results of Beijing-Tianjin-Hebei professional titles, and expand the scope and field of mutual recognition of professional titles in the three places. Second, strengthen employment services, bring flexible employment and shared employment post information into the scope of public employment services, and provide support and convenience for the establishment of labor market or odd jobs market; Establish a market-oriented service platform to guide enterprises in need to carry out "shared employment" and improve the efficiency of human resource allocation. Realize the interconnection of personnel files of floating personnel, and accelerate the "one-point archiving and multi-point service". The third is to promote the implementation of the unified unemployment insurance system in urban and rural areas, and realize that rural household registration personnel and urban household registration personnel enjoy the same unemployment insurance benefits. Introduce policies related to the participation of flexible employees, and accelerate the participation of all kinds of flexible employees with household registration in this city in social insurance.

　　(E) to create a better government environment.

　　Accelerate the construction of digital government, comprehensively promote the wide application of information technology based on blockchain in the field of government affairs, and comprehensively promote government data sharing and credit system construction. Carry out the "no-meeting" service, realize the "one-network operation" in a wider scope, vigorously promote the standardization of government services, strengthen the guidance of municipal departments on the implementation of policies in various districts, strengthen the "window" construction of grassroots government services, and strive to solve the "last mile" problem and provide more standardized, convenient and efficient government services for market participants.

　　1 focus on improving the quality of government services. First, reform and innovate the examination and approval methods, fully implement the notification and commitment system for certification matters and business license matters involving enterprises, and clarify the scope of matters, applicable objects, work processes and regulatory measures. Formulate the implementation plan of the pilot work of the notification and commitment system for certification matters, and implement the notification and commitment system for all the 51 retained certificates, except those that directly relate to national security, state secrets, public safety, prudent supervision of the financial industry, and ecological environment protection, and are directly related to personal health, life and property safety, and important foreign-related certification matters with high risks, high cost of error correction, and irreparable damage. The second is to build a digital government platform system, speed up the construction of digital services, digital supervision and digital business information platforms, and co-ordinate various business systems that provide services and supervision for the masses of enterprises. The third is to further expand the "Internet+government services", and issue the "Beijing Electronic Seal Promotion and Application Action Plan", and use electronic seals to take the lead in realizing paperless in tax-related matters, social security registration, provident fund and other fields. Fourth, we will continue to simplify and optimize the handling of government affairs services. The proportion of "full-process online" matters at the municipal and district levels will reach over 90% and 80% respectively, and a number of cross-departmental and cross-level joint affairs will be promoted. Constantly improve the integrated online service platform based on "e-window", strengthen the coordination of taxation, social security and market supervision, and realize the electronic delivery function of cancellation notice; Actively strive to carry out long-term cancellation of enterprises that have not been cancelled, and continuously improve the convenience of enterprise cancellation. Fifth, continue to optimize notarization services,Accelerate the "one-line operation" of high-frequency notarization services, and realize the "full-line operation" of all links such as application acceptance, identity authentication, material submission and payment. Sixth, accelerate the construction of health cloud, promote the mutual recognition of residents’ health records and identity identification, electronic medical records, diagnosis and treatment information, report results and other information in different hospitals, and reduce the number of people who repeatedly apply for cards and unnecessary repeated inspections. The seventh is to promote the "inter-provincial communication" of government services, and realize the "inter-provincial communication" of 140 high-frequency matters of enterprise production and operation and personal services in batches. Eighth, efforts should be made to improve the standardization level of government services, so that government services can be accepted in the same standard and handled without distinction in government service halls and platforms at all levels. Nine is to continuously improve the window service, comprehensively implement the first inquiry responsibility, one notification, one window acceptance, tolerance acceptance, two-way delivery, parallel processing, and time-limited settlement, and continuously improve the service level of window staff. The tenth is to improve the "good bad review" system, improve the notification, rectification and supervision mechanism of the evaluation results of "good bad review", complete the docking between the business system of the government service entity hall and the "good bad review" system, and realize the full coverage of service windows and channels.

　　2. Continuously optimize the level of tax service. Further reduce the tax payment links, time and cost of enterprises, and promote the "whole process network" of invoice processing, tax declaration and other links. First, simplify the declaration procedure of preferential tax policies, and turn all the approval of preferential tax policies into filing or declaration for immediate enjoyment, without setting up an approval link. Second, the enterprise income tax (prepaid), urban land use tax, property tax, stamp duty, land value-added tax and other five taxes shall be declared together. Realize the combined declaration of value-added tax, consumption tax, urban maintenance and construction tax, education surcharge and local education surcharge. The third is to optimize the processing flow of value-added tax credit and tax refund, and online tax payment and tax refund declaration of enterprises can be processed simultaneously in one form. The fourth is to optimize the VAT invoice approval service. For enterprises that continuously handle the incremental business of invoice addition and edition and meet the actual operating conditions, the intelligent real-time approval of invoices will be implemented, and the approved quantity or layout of invoices will be adjusted in time to effectively meet the reasonable invoice use needs of enterprises. The fifth is to further expand the scope of "non-contact" tax payment services, and realize all tax-related government services "online", and the main tax-related government services "handheld". Sixth, actively carry out the pilot project of electronic special invoices for value-added tax, and fully implement the electronic ordinary invoices for value-added tax in the bazaars.

　　3. Continuously improve the convenience of real estate registration. Expand the scope of "full-process network operation" and deepen the "one network operation" of enterprise and individual real estate registration. First, expand the inquiry service of enterprise transactions and improve the function of the real estate registration service platform in this city. The transaction subject can query government information such as enterprise business, tax arrears, real estate zoning regulations, and public utility fee payment by inputting the location of real estate. The second is to further improve the efficiency of the "full-process online registration" of enterprise real estate registration, implement the intelligent audit of the transaction tax of stock houses, and reduce the waiting time for enterprises to handle. The third is to promote the reform of personal real estate transaction facilitation, carry out the change of personal real estate registration identity information and the online processing of electronic tax payment certificate for the sale of stock houses, and realize the "one-line operation" of intermediary agencies in the whole process of dealing with the sale of personal stock houses. The fourth is to promote real estate registration and information sharing with municipal public utilities such as water, electricity, gas and cable TV, and realize synchronous transfer.

　　(six) to create a more standardized supervision and law enforcement environment.

　　Strengthen the top-level design of government supervision and implement hierarchical and classified supervision. Establish a credit-based supervision system, improve the "double random and one open" supervision, continue to promote the "internet plus supervision" and cross-departmental collaborative supervision, and accelerate the construction of a supervision system with clear rights and responsibilities, fairness and justice, openness and transparency, simplicity and efficiency.

　　1 vigorously promote the full coverage of "double random and open" supervision. First, in addition to special industries and key areas, we will carry out "double random and one open" supervision according to different risk levels, greatly reducing the number of inspections. Second, in accordance with the principle of "whoever approves and supervises, who is in charge of supervision", we will continue to expand the scope of implementation of "double random and open" supervision, and the coverage rate of "double random" inspection items of enterprises involved in various departments shall not be less than 90%. The third is to further expand the coverage of joint "double random and one open" supervision, formulate the second batch of cross-departmental joint spot checks, and include all the inspection items with high inspection frequency, great interference to enterprises and suitable for merger in the scope of cross-departmental joint spot checks.

　　2. Strengthen the whole process of credit supervision. First, improve the whole process credit supervision mechanism such as credit verification beforehand, credit commitment, credit evaluation during the event, credit publicity afterwards, credit reward and punishment and credit repair. Second, the public credit evaluation standard was issued, relying on the city’s public credit information service platform to comprehensively judge the credit situation of market participants, form a comprehensive evaluation result of public credit, and share it with the competent departments of various industries in time. The third is to take the lead in introducing credit evaluation methods in education, science and technology, housing and urban-rural construction, transportation, water affairs, commerce, cultural tourism and other fields, and promote the establishment of a hierarchical and classified supervision system based on the comprehensive evaluation results of public credit and the evaluation results of industry credit. The fourth is to actively promote the identification standards and processes for informing the promised items of breach of promise and dishonesty, and completely record the information of commitment performance and incorporate it into the public credit information platform of this Municipality; Give preferential treatment and convenience to market players who have a good record of keeping promises, and increase accountability and punishment for breaking promises.

　　3. Innovative, inclusive and prudent supervision. In view of the nature and characteristics of new formats and new models, we will explore the modes of "sandbox supervision" and triggered supervision, give play to the role of platform supervision and industry self-discipline, and implement flexible supervision and smart supervision in some areas. First, we will continue to promote "internet plus Supervision", strengthen data collection in key areas, and strengthen risk tracking and early warning. The second is to study and formulate the detailed rules for the implementation of inclusive and prudent supervision of new industries and new formats in this city, and explore the "sandbox supervision" in the fields of financial technology, online live broadcast and short video marketing. The third is to speed up the construction of online medical service supervision platform, conduct comprehensive and whole-process supervision on online diagnosis and treatment services, and ensure medical safety through systematic early warning and timely statistical analysis of violations. The fourth is to strengthen the cooperation between the education administrative department and relevant functional departments, professional institutions, industry associations and enterprises, and establish a monitoring and early warning notification mechanism for the normalization of educational mobile applications. Fifth, for online travel service dishonesty, abuse of technical means to set unfair trading conditions and other illegal business practices, first of all, through interviews and other administrative guidance to remind, warn, stop, and order it to rectify within a time limit. The sixth is to establish the credit record of the network car platform company, incorporate it into the national credit information sharing platform, and publicize information such as administrative license and administrative punishment. Seventh, speed up the improvement of the regulatory standards system in various fields, encourage industries to formulate higher-level self-discipline standards, implement the "leader" mechanism of enterprise standards in more fields, and promote product competitiveness and industrial transformation and upgrading.

　　4. Further standardize supervision and law enforcement. First, improve the list of power matters, clarify the regulatory responsibilities of industry authorities, reform and standardize post-event supervision, and promote streamlining approval and clearing hidden barriers with effective post-event supervision; Straighten out the relationship between industry authorities and comprehensive law enforcement agencies, and establish a supervision system with clear rights and responsibilities and efficient operation. Second, for industries and fields directly related to national security, public safety and people’s lives and health, such as vaccines, medicines, special equipment and dangerous chemicals, we will study and formulate supervision standards and processes for all subjects, all varieties and all chains, standardize law enforcement standards and behaviors, and further improve supervision efficiency. The third is to comprehensively sort out and form a list of inspection items related to enterprises in this city, establish a unified comprehensive information platform for enterprise-related inspections in the city, implement the total control of double random inspections in various departments, and effectively enhance the standardization and systematization of enterprise-related inspections. Fourth, off-site supervision such as remote supervision, mobile supervision, early warning and prevention and control shall be implemented, and matters that can achieve supervision effect through off-site supervision shall not be included in on-site inspection. Fifth, standardize the exercise of administrative penalty discretion, strictly implement grading discretion according to the harmfulness of illegal acts and specific circumstances, and solve the problems of unfair law enforcement and discretion loss. Sixth, establish and improve the fault-tolerant and error-correcting mechanism for law enforcement. Through administrative guidance measures such as criticism and education, guidance and interviews, if the illegal act is minor and corrected in time without causing harmful consequences, it will be exempted from administrative punishment according to law.

　　(seven) to create a more fair and just environment for the protection of the rule of law.

　　Establish a guarantee system based on the rule of law, improve the quality and efficiency of trial execution, increase the protection of intellectual property rights, speed up the improvement of the arbitration system, and protect the legitimate rights and interests of various market entities according to law.

　　1. Strengthen the judicial guarantee of civil and commercial cases. Focus on key links such as mediation, evidence collection, appraisal, trial and execution, and strive to improve judicial efficiency. First, we will further deepen the pilot reform of the separation of complexity and simplification of civil litigation, and strive to achieve 80% applicability of summary procedures and small claims procedures. The second is to establish a diversified dispute resolution center for foreign-related commercial cases and realize "one-stop" service for notarization, mediation and arbitration of foreign-related commercial cases. The third is to play the role of "cloud court" established during the epidemic and encourage online trials in the city’s courts. Fourth, support the court to expand the scope of application of the second instance exclusive system in civil and commercial cases. For cases with clear facts and clear legal relations, the second instance can be tried by one judge, further improving the trial efficiency of cases. Fifth, support the court to further standardize the execution behavior, strictly control the time nodes in all aspects of the execution work, strictly prohibit excessive seizure, minimize the impact of the execution work on the normal operation of enterprises, and earnestly safeguard the legitimate rights and interests of entrepreneurs.

　　2. Establish and improve the enterprise bankruptcy system. First, support the court to establish an advance consultation mechanism for stakeholder bankruptcy cases, and study and establish a mechanism to protect employees’ unpaid wages in bankrupt enterprises. The second is to play the role of government-hospital linkage mechanism, formulate bankruptcy rules for substantive merger of affiliated enterprises, simplify bankruptcy procedures and reduce the disposal cost of bankrupt enterprises. The third is to introduce the norms for handling the real estate disposal allowance of bankrupt enterprises, further clarify the rules, standards and procedures, and improve the efficiency of property disposal. Fourth, the court is encouraged to set up a bankruptcy administrator assessment committee, issue assessment work norms, and establish a regular assessment mechanism. Set up a bankruptcy window in the municipal and district government service halls to facilitate the bankruptcy administrator to handle business. Fifth, support the court to strengthen the training of judges and bankruptcy administrators handling bankruptcy cases and improve the professional level of handling bankruptcy cases.

　　3. Strengthen intellectual property protection. First, promote the study and formulation of regulations on the protection and promotion of intellectual property rights in Beijing, and improve various intellectual property protection mechanisms such as empowerment of scientific and technological achievements and overseas rights protection. The second is to establish a "blacklist" system for the subject of intellectual property dishonesty, publicize enterprises that have repeatedly infringed or intentionally infringed, and restrict the subject of serious dishonesty in the fields of government procurement and bidding. The third is to strengthen the responsibility of market players, increase the detection and punishment of illegal and criminal acts such as manufacturing and selling counterfeit goods and infringing intellectual property rights, and accelerate the introduction of punitive damages and huge fines in areas directly related to people’s health and life safety; Formulate the rules of compensation for typological adjudication of intellectual property cases, and reasonably determine the standard of intellectual property loss with reference to the evaluation of third parties. The fourth is to expand the service scope of intellectual property protection center, increase the acceptance of trademark and geographical indication applications, administrative adjudication of patent infringement, arbitration and litigation remote filing business, and improve the efficiency of intellectual property application and dispute resolution.

　　4. Improve the level of specialization and internationalization of commercial arbitration. First, the field of arbitration should be opened wider to the outside world, allowing well-known overseas arbitration institutions to set up business institutions in specific areas after registration and filing, and provide arbitration services for disputes in international commerce, investment and other fields. The second is to study and introduce measures to facilitate the use of housing, entry and exit of personnel, stay (residence) and opening of foreign exchange accounts by overseas arbitration institutions. Third, vigorously promote "internet plus Arbitration", improve the arbitration case management system, expand the functions of online court hearing and online delivery, and improve the efficiency of arbitration.

　　Third, organizational guarantee

　　(1) Strengthen organizational leadership. We will improve the promotion mechanism of optimizing the business environment at two levels in urban areas, solidify the organizational mechanism of national business environment evaluation in this city, and form a working pattern in which the competent city leaders make overall plans, lead departments and responsible departments jointly promote. All departments should combine their respective responsibilities, strengthen coordination and promote reform in related fields in an integrated manner. It is necessary to strengthen the construction of special classes for business environment, fully equip and strengthen the work force, and do a good job in implementing various reform tasks.

　　(2) Improve the long-term mechanism. Establish and improve the policy evaluation system, focusing on policy effect evaluation, and establish a long-term mechanism for pre-and post-evaluation of major policies. Strengthen the assessment of business environment, and conduct irregular assessment of government service halls at all levels by adopting various methods such as "four noes and two straights", thorough investigation and unannounced visits, and entrusting third-party professional organizations, and incorporate the results into performance management. Establish an integrated evaluation index system linking national evaluation, World Bank evaluation and district-level evaluation, and carry out business environment evaluation in different fields. Summarize and promote the experience and practice of optimizing the business environment in time to ensure the effectiveness of the reform.

　　(3) Strengthen communication between government and enterprises. Give full play to the role of expert advisory committees, social supervisors and "experiencers" of government services, establish normalized information communication channels, and further enhance the scientific, targeted and effective reform. On the basis of the 12345 enterprise service hotline, we will appeal to enterprises to "handle complaints as soon as they receive them", coordinate and solve suggestions on market subjects within the prescribed time limit, and improve the level of service enterprises. To carry out the "first-in-command process" activity, all districts and departments should further find out the problems existing in the work process and continuously improve their services. Give full play to the role of the enterprise’s "service package" mechanism, actively serve, enthusiastically serve, and serve first, and build a pro-Qing political and business relationship.

　　(4) Give play to the leading and guaranteeing role of the rule of law. Implement the "Regulations on Optimizing the Business Environment" and consolidate the existing reform results. Taking the construction of the national pilot city for business environment innovation as an opportunity, we will actively communicate and report to the relevant state departments to promote the adjustment and implementation of relevant laws and regulations, and authorize this city to carry out pilot projects first, so as to gradually upgrade the effective and long-term practices into institutional norms and maintain a level playing field by means of the rule of law.

　　(5) Do a good job in fulfilling the policy of benefiting enterprises. All districts and departments should sort out and publish the list of policies for benefiting enterprises, and accurately push policies according to the needs of enterprises. When introducing measures for benefiting enterprises, all districts should promptly announce the relevant responsible persons and contact information. Vigorously promote the policy of benefiting enterprises, such as "free application and online cash", and realize the exemption of qualified enterprises from declaration and direct enjoyment of policies through information sharing and big data application of government departments. For the policies that enterprises really need to apply for, such as government subsidies for special funds and support for key projects, it is necessary to set up and publicize the application conditions reasonably, simplify the application materials and procedures, and invite institutions such as trade associations and chambers of commerce to carry out policy interpretation around the application procedures and operational guidelines for enterprises, so as to speed up the realization of "one-time declaration, full-time online operation and quick cash".

　　(six) extensive publicity and training. All districts and departments should take the initiative to publish and interpret reform policies, summarize and publicize reform practices and experiences in a timely manner, and create convenience for enterprises and the masses to inquire and master policies; It is necessary to further strengthen the construction of the government service hall, extensively carry out the special action of "small window, full service", and constantly improve the service awareness and professional level of front-line staff.

　　CCTV News:The General Administration of Customs announced today (July 12) that in the first half of this year, the total import and export value of China’s goods trade reached 21.17 trillion yuan, a year-on-year increase of 6.1%. More than 21 trillion yuan, this is the first time in the same period of history. This report card is hard to come by. Next, we will go to many places all over the country to see what methods they have taken to enhance the international competitiveness of their products. Today, we first entered Jiangsu, an important position for developing new quality productive forces. Jiangsu is a big manufacturing province. How can foreign trade enterprises in the manufacturing industry improve their production efficiency and seize the international market under the impetus of new quality productivity? Let’s go to a century-old textile factory in Wuxi first.

　　Looking at the rejuvenation of traditional industries from a cotton yarn

　　In this cotton textile factory in Wuxi, Jiangsu Province, we saw the 300 finest cotton yarns produced in the world at present. The higher the count, the finer the yarn. This kind of cotton yarn, which is thinner than hair, is less than 0.1 mm in diameter and belongs to extra high count yarn.

　　Cai Yun, Chairman of Wuxi Yimian Textile Group:What does 300 yarns mean? That is, one gram of cotton can be drawn into a yarn as long as 500 meters. Like this piece of fabric made of 300 pieces, the whole cotton feels like silk.

　　Such a slender cotton yarn should not only meet the indexes of strength, breathability and comfort, but also realize mass production on the premise of energy saving and environmental protection.

　　Cai Yun:The mass production of 300 pieces (cotton yarn) is actually the result of the improvement of new quality productivity. In the past, our naked eyes alone could not detect some pricks in the middle of the yarn. However, with the intervention of our AI technology, high-speed cameras can comprehensively detect and monitor the whole yarn.

　　Cai Yun introduced that in the past, the disconnection occurred in production, and we had to rely on manual work to check the lines one by one. Now there is a sensor on each spindle, and hundreds of thousands of sensors in the workshop build an intelligent production line network, so that all production information such as production status and product quality can be fed back to the intelligent big screen in time.

　　Cai Yun:After intelligent transformation, our labor intensity has been reduced by 30% and our production efficiency has been improved by more than 20%.

　　At present, this cotton textile mill has 700,000 spindles and 500 looms, with an annual output of 40,000 tons of high-grade yarn. With new equipment and advanced technology, this factory not only achieved a leap in production efficiency, but also successfully opened up a more diversified international market in the first half of this year.

　　Cai Yun:For example, this one is a series launched in Africa. This one is a national costume in Pakistan. In the traditional market, there are either polyester chemical fibers or ordinary products with 32 pieces and 40 pieces. We use 100 pieces of pure cotton to make it.

　　In order to promote the intelligent transformation and digital transformation of enterprises, Jiangsu Province has allocated 1.2 billion yuan of special funds every year, and has implemented about 50,000 transformation projects. In the past, the traditional manufacturing industry with heavy labor and high energy consumption is undergoing great changes in Jiangsu.

　　Guo Bo, Director of Equipment and Consumer Goods Industry Division of Wuxi Bureau of Industry and Information Technology:Our municipal government has specially issued a set of implementation opinions to promote the renewal and upgrading of traditional industries, deepen the integrated application of artificial intelligence technology in the whole process and scene of textile industry, and some head textile and garment enterprises have greatly shortened the delivery cycle by building an industrial Internet integration platform. The original 25-day production cycle now takes only 7 days on average.

　　In the first half of the year, Jiangsu’s exports of textile and clothing products exceeded 156.5 billion.

　　AI detection and sensor feedback, driven by new quality productivity, have greatly improved the production efficiency of traditional industries. According to the statistics of Nanjing Customs, this year 1-mdash; In June, the export of textile and clothing products in Jiangsu Province exceeded 156.5 billion yuan, up 8.7% year-on-year, mainly sold to ASEAN, the United States, the European Union and other countries and regions.

　　China "Ship" of a county-level city said

　　After watching the cotton yarn as thin as hair, let’s go and see the 10,000-ton Big Mac — — Shipbuilding industry. Shipbuilding industry, known as "the crown of comprehensive industry", shows a country’s comprehensive industrial strength. China’s international shipbuilding market share has been ranked first in the world for 14 consecutive years. How does the shipbuilding industry maintain such a rapid development momentum? There is a saying in the shipbuilding industry: "Jiangsu is the focus of national shipbuilding, and Jingjiang is the focus of Jiangsu shipbuilding." Let’s go to Jingjiang Shipyard.

　　Jingjiang is a county-level city under the jurisdiction of Taizhou City, Jiangsu Province, close to the busiest golden waterway in China — — The Yangtze River section at the lowest reaches of the Yangtze River is the largest private shipbuilding base in China.

　　Yang Qiang, Deputy Commissioner of Jingjiang Customs:The total import and export volume of private enterprises in Jingjiang accounts for more than 90% of local foreign trade, among which the proportion of shipping enterprises has been increasing in recent years, and it has exceeded 70% this year, which shows that Jingjiang shipbuilding has become a huge driving force for foreign trade development.

　　At the dock of a shipbuilding enterprise in Jingjiang, two cargo ships about to be exported to Singapore are docked. In the first half of this year, this shipbuilding company alone signed more than 70 new export orders for ships.

　　Chen Yajun, Marketing Minister of Jingjiang Shipbuilding Enterprise:In June alone, 48 ships were signed. Last year, we only took more than 40 ships. At present, the annual processing steel weight of our three docks is about 500,000 tons.

　　CCTV reporter Ye Huan:With an annual consumption of more than 500,000 tons of steel, about 12 national stadiums can be built, which is the external steel structure of the Bird’s Nest. At first, wooden ships were mainly built here, but now Jingjiang shipping enterprises can not only build the world’s largest container ships, super-large crude oil ships, super-large ore ships, but even some special ships.

　　Chen Yajun:Since 1996, when we started to build 10,000-ton ships, we have (produced) four, five and six ships a year, and now it has reached (manufactured) more than 30 ships (10,000-ton ships). If a ship starts to deliver, it should not exceed 12 months. We are fast, and some of them reach 10 months (delivery date).

　　Ship orders, long production cycle. For shipowners, the market is changing rapidly, and it is very important to get a new ship on time. In recent years, Jingjiang has introduced new quality productivity, promoted the deep integration of digital shipbuilding and intelligent shipbuilding, continuously shortened the ship design and production cycle and improved the construction efficiency.

　　Sun Quan, Director of Development Office of Ship Research Institute of Jingjiang Shipbuilding Enterprise:Through optimization, we have adjusted the installation, debugging and delivery of equipment from the past 120 days to 45 days.

　　Du Zhengyu, Director of Jingjiang Bureau of Industry and Information Technology:Since the beginning of this year, we have also focused on promoting the construction of intelligent plane segmented production workshops in shipbuilding enterprises, with an overall investment of over 1.7 billion yuan, which greatly improved production efficiency.

　　Over the past 20 years, this shipping company has built more than 400 different kinds of 10,000-ton ships. "Big man" also has great wisdom. Jingjiang shipbuilding enterprises have continued to develop and build green energy ships in recent years, and LNG dual-fuel ships with dual power of fuel and natural gas are independently developed and designed by enterprises.

　　Sun Quan:After we use LNG (fuel), the emission of carbon dioxide can be reduced by 20%, and the emission of nitride sulfide can be reduced by 98% to 100%.

　　From building wooden ships to building high-end ships, from building 10,000-ton ships to building 400,000-ton ships now. Through scientific and technological innovation, the introduction of new materials, new technologies and new processes, and the promotion of new quality productivity, Jingjiang’s shipbuilding industry has continuously achieved leapfrog development.

　　Du Zhengyu:LNG dual-fuel ships and super-large container ships, which represent the most advanced shipbuilding technologies in the world, have been fully blossomed in Jingjiang. At present, the proportion of new energy green ships in Jingjiang has exceeded 50%.

　　As a pillar industry of Jingjiang, shipbuilding industry has driven more than 60,000 people to obtain employment, accounting for 10% of the total local population. According to the data of China Shipbuilding Industry Association, it takes more than 20 million parts to build a ship, with a long supply chain and a high degree of industrial relevance. However, Jingjiang, Jiangsu Province currently has more than 200 ships and supporting enterprises, which has formed an industrial pattern with complete chains and concentrated distribution.

　　Single Champion of Anchor Chain: From "Small Workshop" to "Little Giant"

　　There is an enterprise specializing in the production of anchor chains in Jingjiang, with an annual output of 300,000 tons. The marine anchor chains and mooring chains produced by the enterprise account for more than 60% of the global market, and it is a national single champion enterprise in manufacturing. The deep-sea mooring chain independently researched and developed by enterprises broke the foreign monopoly for 30 years in one fell swoop.

　　Guo Lianchun, sales manager of Jingjiang Anchor Chain Enterprise:Like (diameter) 220 mm (anchor chain), it is the largest product in the global industry in our whole industry.

　　Mida, Chief of Industry and High-tech Development Section of Jingjiang Development and Reform Commission:This anchor chain enterprise started as a village-run enterprise, and 70% of its products are exported, leading to the compilation of the world’s first international standard dedicated to marine mooring chains.

　　In the production workshop of the enterprise, there is a deep-sea anchor pile weighing 120 tons, which has been successfully applied to the construction of deep-sea drilling platforms in China.

　　Guo Lianchun:The design life is basically more than 20 years, that is to say, if my anchor is driven in, it cannot be displaced within 20 years. In the oil and gas industry, our global share is now over 50%.

　　Cultivating new quality productive forces requires not only new technologies, but also new modes of production and new development ideas. In recent years, this anchor chain enterprise has extended from "deep sea" to "land", and developed and produced chains for coal mining.

　　Guo Lianchun:In 2023, compared with 2022, the supply of mining chain has increased greatly. For the mining chain industry, half of them are imported, and our (goal) is mainly to replace domestic imports.

　　Jiangsu: "Hydrogen" Initiates New Future Development and New Kinetic Energy

　　In Jiangsu, it is not only the traditional industries that introduce new quality productivity, but also a number of future industries that can open up a world in the international market. For example, hydrogen energy, hydrogen energy locomotives and hydrogen energy bicycles have been exported to many countries and regions in the world.

　　In a locomotive manufacturer in Changzhou, several Kenyan customers are learning about the hydrogen energy locomotives made in China.

　　Kenyan customers:The purpose of this talk is to buy locomotives. We are very impressed by hydrogen-powered locomotives, and we are also interested in environmental protection. We want to reduce carbon emissions.

　　This green hydrogen locomotive will be exported from Changzhou to Chile in August this year. According to reports, the power of this hydrogen energy locomotive is 1000 kilowatts, which can save about 400 thousand yuan in fuel cost a year compared with diesel locomotives with the same working conditions.

　　Wei Zhimin, Director of International Marketing Department of CRRC Qishuyan Company:This is the hydrogen storage tank of hydrogen on our hydrogen-fueled locomotive. A hydrogen tank is about one kilogram of hydrogen.

　　Hydrogen energy, a rising star in the new energy field, not only shows its talents in industry, but also begins to enter our daily life slowly.

　　Ye Huan:This is the world’s first foldable hydrogen bicycle. By making 200 liters of hydrogen from 200 ml of water, this hydrogen bicycle can be driven for about 40 kilometers.

　　This hydrogen energy bicycle manufacturer has put more than 8,000 shared bicycles in 10 cities in China and exported them to South America, Europe, Australia and other regions.

　　Chen Li, Marketing Director of Changzhou Hydrogen Energy Bicycle Company:It uses a low-pressure solid hydrogen storage technology, and its bottle mouth is designed with a pressure reducing valve. Even if it is burned on a fire and the pressure reaches 8 MPa, it will automatically release the pressure, and it will not spontaneously ignite or explode.

　　For hydrogen energy vehicles, the hydrogen fuel cell stack is the "heart" of the hydrogen fuel cell system. The 300 kW hydrogen fuel cell stack produced by this enterprise in Yangzhou, Jiangsu Province has been identified as the largest hydrogen cell stack in China at present, which can meet the demand of continuous high-speed operation of heavy trucks under full load. At present, their products have been sold to overseas markets such as Britain, Japan and Brazil.

　　Wei Feng, Project Manager of Yangzhou Hydrogen Fuel Cell Company:At present, the application scenarios of our stack have been extended from the "fixed" power reserve field to the "mobile" vehicle-mounted field, and the hydrogen fuel cell stack can meet all vehicle-mounted application scenarios.

　　At present, there are more than 300 enterprises and institutions related to the hydrogen energy industry chain in Jiangsu, accounting for 8.5% of the national total, forming an important hydrogen energy industry cluster in China.

　　CCTV News:According to the website of the Ministry of Commerce, from January to July, China’s foreign trade grew rapidly, stabilized rapidly and improved steadily, and effectively served to build a new development pattern. On July 2nd, the General Office of the State Council issued the Opinions on Accelerating the Development of New Foreign Trade Forms and Models to enhance the new momentum of foreign trade development. The Ministry of Commerce, together with all localities and departments, paid close attention to the effectiveness of various policies and measures, and made solid progress in the high-quality development of foreign trade.

　　First, the scale of import and export has achieved rapid growth.From January to July, the scale of import and export, export and import was 21.34, 11.66 and 9.68 trillion yuan respectively (calculated in RMB, the same below), all hitting record highs in the same period, with year-on-year growth of 24.5%, 24.5% and 24.4% respectively, all being the highest in the past 10 years, with average growth rates of 10.6% and 10.9% respectively. In July, the import and export volume was 3.27 trillion yuan, the second highest in a single month in history (second only to 3.29 trillion yuan in June this year).

　　twoIt’s an international market.Demand continues to recover..Traditional marketSteady growth.Exports to the United States, the European Union, Japan and other traditional markets increased by 22.6%, raising the overall export growth rate by 11.5 percentage points.Trade cooperation with emerging marketsDeepen continuously.Exports to emerging markets such as ASEAN, Latin America and Africa increased by 26.5%, accounting for an increase of 0.8 percentage points to 49.8% compared with the same period of last year, which increased the overall export growth rate by 13 percentage points.

　　threeIs the main body of all kinds of markets.Full of vitality.From January to July, the export of private enterprises increased by 30.1%, accounting for 2.4 percentage points higher than the same period of last year to 56.8%, which increased the overall export growth rate by 16.4 percentage points. The export of state-owned enterprises and foreign-funded enterprises increased by 16.7% and 17.9% respectively. More than 110,000 new foreign trade operators have registered for the record, of which private enterprises account for nearly 95%.

　　fourIt’s an export commodityThe structure is constantly optimized.The export of mechanical and electrical products increased by 25.5% year-on-year, accounting for 0.5 percentage points higher than the same period of last year to 59%, which increased the export growth rate of our country by 14.9 percentage points. From January to June, the export of intermediate goods increased by 34% year-on-year, accounting for 2.2 percentage points to 50.7%, which provided strong support for the global economic and trade recovery.

　　fiveIt is the vigorous development of various trade modes.Compared with the same period of last year, the proportion of general trade exports increased by 1.5 percentage points to 61.1%, the industrial base was more stable and the ability of independent development was enhanced. The export of processing trade increased by 12.3% year-on-year, and the regional layout was further optimized. Exports of other trade modes increased by 35.2% year-on-year, of which small-scale border trade exports increased by 22.6%.

　　sixIt is the new kinetic energy of foreign trade development that continues to increase.The new foreign trade format continued to grow at a high speed..From January to June, cross-border e-commerce exports increased by 44.1% year-on-year, and market procurement trade exports increased by 49.1% year-on-year, which increased the overall export growth rate by 4.2 percentage points.new energyautomobileDrive a carexportgrow.From January to July, automobile exports increased by 102.5% year-on-year, reaching a record high in the same period in history, boosting the overall export growth rate by 0.6 percentage points.

　　At the same time of the rapid growth of import and export, we are also aware that the current global epidemic is still evolving, the risks of industrial chain supply chain are increasing, the politicization of trade issues is intensifying, and there is great uncertainty in economic recovery. We will continue to pay attention to the macro-environmental changes and micro-subject difficulties in foreign trade development, continue to promote the "three major plans" of "excellent entry and excellent exit", trade industry integration and smooth trade, and strive to achieve the goal of steady quantity and quality improvement throughout the year.

　　In 2024,Still hot.

　　Mu Fengda was approved for listing in China.

　　On May 21st, National Medical Products Administration official website showed that Mufengda (Telpotide Injection) was approved by National Medical Products Administration (NMPA) to improve blood sugar control in adults with type 2 diabetes.

　　Telpotide is a GIPR and GLP-1R agonist injected once a week. GLP-1 and GIP are two natural incretins. Studies show that GIP can reduce food intake and increase energy consumption, thus reducing body weight. When GIP is combined with GLP-1 receptor agonist, it may have a greater impact on patients’ blood sugar and weight.

　　It is worth mentioning that telpotide can produce better weight-losing effect than Smegrupeptide, which is known as the "slimming medicine". Relevant research data show that the weight of the subjects with 5mg and 10mg of Mufengda decreased by 7.8kg and 10.3kg on average, and that of the group with 1mg of Smegliptide decreased by 6.2kg on average.

　　Regarding the approval of this drug, it is said that the approval of telpotide injection represents a breakthrough in the field of diabetes research and development.

　　On May 21st, local time, Lilly, which listed on the US stock market, rose by 2.55%, and the latest closing price reached US$ 803.17 per share, a record high. At present, its total market value reached US$ 763.337 billion, making it the highest pharmaceutical company in the world.

　　There is a large room for growth in the market.

　　At present, due to the high price of GLP-1 and the low level of patients’ cognition, the penetration rate of GLP-1RA drugs in China is low. This also means that there is a large space for drug penetration in the future. According to the data released by Zhuozhi Consulting, in developed countries in Europe and America, the GLP-1 market has accounted for about 20% of hypoglycemic agents, while in China, the GLP-1 market started late and patients have high price sensitivity, so there is still much room for growth.

　　According to the GLP-1 Industry Blue Book, the global GLP-1 market will be about US$ 19.85 billion in 2022, and it is expected to grow rapidly to US$ 55.2 billion in 2030, accounting for 57% of the global diabetes drug market.The research report mentioned that GLP-1 drugs have broad market prospects in the field of metabolism. It is estimated that by 2030, the market scale for type 2 diabetes and obesity will exceed 100 billion US dollars.

　　According to the Insight database,The GLP-1 receptor agonist Smegliptide tablets and injections have been approved for the treatment of diabetes in China. At present, 112 new GLP-1 drugs have entered the clinical stage in China.

　　Recently, a number of A-share market concept stocks revealed the layout progress.

　　It is indicated that as of April 27th, 2024, all subjects have been enrolled in the phase II clinical treatment of BGM0504 injection for type 2 diabetes and weight loss indications, among which all subjects in the 5mg dosage group for diabetes indications have been excluded, and one case in the 10mg dosage group has not been excluded.

　　The GLP-1 product liraglutide injection phase III is currently in the process of clinical trial data collation, and CSR is expected to be completed in September. GLP-1-Fc fusion protein (dulaglutide) is currently in the process of phase III clinical trial data collation, and at least one of the above two varieties will be declared in the second half of the year.

　　It is revealed that as of May 2, the total amount of contracted orders for liraglutide preparations and various GLP-1 APIs of the company is nearly 600 million yuan, and some orders have been shipped one after another; The preparation production base has obtained GMP certification of the European Union and cGMP certification of the United States.

　　express,Liraglutide (intended for diabetes indications) is in the phase III clinical trial stage in China. Smegliptide injection and deglutinin injection (intended for diabetes indications) are in the phase I clinical trial stage in China.

　　The research and development intensity of diet pills concept stocks is much higher than that of A shares.

　　R&D needs long-term and high-risk investment. Pharmaceutical companies need strong scientific research strength and financial support in order to develop a product among numerous researches. High-intensity research and development is essential to deus ex in the crowded diet drug track.

　　according toAccording to the statistics of Times Data Treasure, the total R&D expenditure of diet pills concept stocks in 2023 was 23.858 billion yuan, accounting for 10.26% of the total operating income, and the R&D expenditure accounted for 4.09 times of the A-share level in the same period.

　　、、、、、The R&D expenditure of six concept stocks in 2023 exceeded 1 billion yuan. Among them, the R&D expenditure in 2023 was 6.15 billion yuan, ranking first; In 2023, the company obtained 72 clinical approvals and 4 generic clinical approvals; Five clinical trials were included in the list of breakthrough treatments.

　　The future prospects of many diet pills concept stocks are optimistic by the organization. According to the statistics of data treasure, according to the unanimous prediction of more than five institutions, there are 11 concept stocks whose net profit growth rate will exceed 20% in 2024 and 2025. As of the close of May 22, among these concept stocks,、、The rolling P/E ratio is less than 30 times.