Are 21 entry-level models of Changan Yidong Plus 1.5L worth buying? After analysis, you will understand.

Hello, everyone, welcome to watch today’s Da Li talking about cars. I am your old driver Da Li, and it’s time for Da Li to talk about cars with everyone. Yesterday, Da Li received a consultation from a fan, saying that he took a fancy to the entry-level model of Changan Yidong (parameter picture) Plus 1.5L, and asked me what the price-performance ratio of this car was. Is it worth buying? Let’s talk about it today.Fasten your seat belt, let’s start ~

21 Changan Yidong PLUS 1.6L manual elite guide price is 72,900 yuan, positioning compact cars. In terms of appearance, on the whole, the appearance of 21 Changan Yidong PLUS models is still very fashionable and dynamic, with a large black net on the front face and silver decorative strips, which improves a lot of exquisiteness and grade. The design of the double waistline on the side of the car body looks sharper, coupled with the slender body, creating a good sporty atmosphere; In terms of the rear end, the overall design is still relatively fashionable, especially the shape of the taillights, which is highly recognizable after lighting.

In the interior, first of all, the interior atmosphere of this car is quite good, and the overall layering is also very strong. The three-position multi-function steering wheel still creates a good driving atmosphere, plus the 7-inch central control panel and 3.5-inch instrument. Although the sense of technology is not so strong, it is still kind at this price.

In terms of configuration, the 21 Changan Yidong PLUS 1.6L manual elite models are equipped with 2 airbags, tire pressure display, rear parking radar, reversing image, driving mode switching, engine start/stop, uphill assist, induction trunk, keyless entry/start, remote start, multi-function steering wheel, satellite navigation, car Bluetooth, mobile phone interconnection, headlight delay turning off, PM2.5 filter device, etc. Relatively speaking, at this price,

In terms of space and power, the body size of 21 Changan Yidong PLUS 1.6L manual elite models is 4730*1820*1505, and the wheelbase is 2700. In terms of space, the passengers with a height of 1.75 meters sit in the back row, and there is a punch and a half distance between their heads and legs. In addition, the space in the trunk is very spacious, so there is no problem at all whether they are carrying luggage for daily use or home travel. In terms of power, the 1.6L engine is matched with a 5MT gearbox, with a maximum horsepower of 128 horsepower and a maximum torque of 161 Nm. The power adjustment of this engine tends to be soft, and there will be some power lag in the initial stage. In the middle and late stage, no matter how fast the full throttle accelerates at any time, there will be no obvious frustration and rush, and of course, there will be no feeling of pushing back. Although the power output is not very strong, it is

Finally, Da Li sums up:Regarding the entry-level model of Changan Yidong Plus 1.5L, let’s first talk about the advantages, first of all, the space is really excellent, and second, the fuel consumption is low. After all, the power is here, and as a manual transmission model, there is no problem of frustration. The main reason is that the price is low and there are many configurations. This is really fragrant, and we also have to talk about the disadvantages. First, the tire noise and engine sound are a little loud; Secondly, the suspension jumps obviously, and the performance is average, and the power is weak in the second half. Generally speaking, we shouldn’t ask too much for such a price, and the price/performance ratio is good, so it’s no problem to travel at home.

What do you think of Changan Yidong Plus 1.5L entry model?Well, that’s all for Da Li today. Thank you for your patience. Friends who like it can pay attention and praise. Your support is my greatest motivation. Let’s continue to talk about cars later.

Qingdao Asian Dragon price reduction news! The lowest price 148,800, the car is sufficient

Welcome to Autohome Qingdao Promotion Channel to bring you the latest automotive market trends. Currently, the much-anticipated Toyota is launching an exciting promotion in Qingdao, with a maximum discount of 35,000 yuan, bringing consumers real benefits. The starting price is already as low as 148,800 yuan, which will undoubtedly make the Asian Dragon even more attractive. If you are interested in the Asian Dragon, don’t miss this price reduction opportunity. Please click the quotation form below, "Check the car price", and let’s explore more discounts together to make the car purchase dream within reach.

青岛地区亚洲龙降价消息!最低售价14.88万,现车充足

In terms of appearance, the design of the Asian Dragon is inspired by the fusion of luxury and power, and the front face is streamlined to show a strong sense of movement. The iconic air intake grille uses a large area of chrome decoration, which not only enhances the visual impact of the front of the car, but also shows a sense of refinement and high-class. Overall, the Asian Dragon gives the impression of an atmospheric and stable and sporty atmosphere, with smooth lines and proportions, highlighting the style of a luxury car.

青岛地区亚洲龙降价消息!最低售价14.88万,现车充足

With its streamlined body design, the Asian Dragon elegantly displays 4990mm*1850mm*1450mm body size, with a wheelbase of 2870mm, providing a superior layout for the interior space. The side lines are smooth, highlighting the power and dynamic, and the front and rear wheel tracks are 1595mm and 1605mm respectively, ensuring driving stability. The tire size is 215/55 R17, and it is matched with a delicate wheel design, which not only enhances the visual effect, but also provides the driver with good grip performance.

青岛地区亚洲龙降价消息!最低售价14.88万,现车充足

The interior design of the Asian Dragon combines modern and luxurious elements to create an elegant and comfortable atmosphere. The steering wheel is made of lightweight plastic material to provide a good grip, while supporting manual up, down and front adjustment to adapt to the different needs of the driver. The 10.25-inch central control screen highlights the sense of technology and integrates rich multimedia functions, such as navigation and entertainment systems, for easy operation. The seat is made of fabric material, focusing on practicality and comfort. The main seat supports front and rear, backrest and high and low multi-directional adjustment, providing passengers with personalized space. The USB/Type-C interface is equipped to meet the charging needs of passengers for modern electronic devices, making travel more convenient.

青岛地区亚洲龙降价消息!最低售价14.88万,现车充足

For the Asian Dragon model, it is equipped with a 2.0L displacement four-cylinder engine, which can release a maximum power of 127 kilowatts and deliver 206 Nm of torque during driving. With the CVT continuously variable transmission (analog 10th gear), this engine provides the Asian Dragon with a smooth and efficient driving experience.

Overall, the Autohome owner was full of praise for the appearance of the Asian Dragon, saying that the refined design and powerful front of the model were impressive. The line design of the body added a touch of elegance and dynamism, which undoubtedly satisfied his pursuit of aesthetics. This evaluation has made the Asian Dragon a unique aesthetic benchmark in the hearts of many consumers and has become the ideal car in their hearts.

Lynk & Co 08 EM

  On January 28, the 4th "China Automobile Festival" Award Ceremony of China Central Radio and Television was grandly held at the National Stadium in Beijing. The luxury smart super SUV Lynk & Co 08 EM-P stood out from the fierce competition after an all-round comprehensive performance inspection and won the "Best Comfort Car" award. It is also the only product to win the award, confirming the strength of luxury new energy SUVs.

  "China Automobile Festival" is sponsored by the Central Radio and Television Station, jointly selected by five industry authorities, and supported by the China Automotive Technology Research Center as the exclusive technical support unit. It is the most authoritative and influential top-level automobile selection in China.

  The selection scope of this year’s awards covers more than 600 passenger car models listed in the Chinese market in 2023. Lynk & Co 08 EM-P won the "Best Comfort Car" award. It has not only undergone rigorous and professional fully enclosed subjective and objective tests, but also passed 12 indicators through comprehensive consideration with solid technical strength and luxury product strength. It has comprehensively advanced in design, intelligent technology, luxury driving control, global safety, etc., accurately cutting into the multiple needs of today’s young and advanced home users, providing a better choice for advanced home users.

Lynk & Co 08 EM-P won CCTV's "Best Comfort Car" _fororder_image001

Luxury Smart Enjoy Superelectric SUV Lynk & Co 08 EM-P won the "Best Comfort Car" Award at the 4th "China Automobile Festival"

  Travel without anxiety, making driving more comfortable

  All-round anxiety-free is the foundation for comfortable travel in the new energy era. The Lynk & Co 08 is equipped with the Lynk & Co EM-P super range extension electric solution, which is an intelligent series-parallel power combination that can be charged, mixed and extended range, bringing users the optimal solution for comfortable travel. The comprehensive cruising range of up to 1400km truly realizes "worry-free battery life"; at high speed, when feeding or accelerating rapidly, the electric drive and the engine can be directly driven in parallel, with strong speed increase and worry-free performance; the advanced 3 DHT Evo electric drive transmission ensures that the engine always runs efficiently, not only with worry-free fuel consumption, but also with better NVH performance.

  The "2023 China Top Ten Chassis" based on the CMA Evo architecture has won the "Best Handling Award", enabling Lynk & Co 08 EM-P to achieve breakthroughs in driving and riding as a new energy SUV, and to face the ever-changing road conditions with smooth and stable performance.

Lynk & Co 08 EM-P won CCTV's "Best Comfort Car" _fororder_image002

Equipped with Lynk & Co EM-P Super Range Extension Electric Solution, it combines high performance and long battery life with a luxurious super electric driving feeling

  First class for all, more comfortable immersion

  Each row can be comfortably enjoyed is the standard of Lynk & Co 08 EM-P for new energy luxury spaces. The Lynk & Co 08 EM-P has a leapfrog size and wheelbase, achieving a 71% room rate. The shallow Nappa seat for the whole car adopts a 7-layer zero-pressure comfort design, and has the unique front and rear four-seat massage function of the same class, making it a comfortable mobile "big flat floor" for the whole family.

  The 23-speaker audio from Harmanka, combined with the projection giant screen of the largest 92-inch unbounded AR-HUD avatar in mass production, can be turned on anytime, anywhere for audio and video enjoyment.

Lynk & Co 08 EM-P won CCTV's "Best Comfort Car" _fororder_image003

New luxury, comfort and equality, opening the first-class experience for all

  Smart cabin ceiling, smart and more comfortable

  As the first model to ride China’s first self-developed car-grade 7nm mass-produced chip, the Lynk & Co 08 EM-P is the first to ride the LYNK Flyme Auto Lynk & Co smart cockpit system, which is rich in application ecology and has the first in-vehicle smart end point smooth performance certification of Thiel Laboratory. Ruran air conditioning, small window mode, smart navigation bar and other original designs in many industries have realized a user-friendly interactive experience as simple and easy to use as a mobile phone.

  Flyme Link handcar interconnection realizes automatic direct "non-sensory" handcar connection, close-to-unlock "non-sensory" boarding, and "non-sensory" applications that seamlessly connect across end points. Open non-sensory connection, borderless desktop, hardware sharing, and Inter-App communications anytime, anywhere. Visible handcar interconnection experience.

Lynk & Co 08 EM-P won CCTV's "Best Comfort Car" _fororder_image004

First LYNK Flyme Auto intelligent cockpit system, leading the industry in cross-end point intelligent experience

  Global protection, safety and comfort

  Global safety is the basic standard of comfort and luxury. Lynk & Co 08 EM-P spares no effort to build a user’s all-round travel safety experience. It not only won the first "New Energy Passenger Car 60km/h Side Collision Superimposed Side Column Collision Protection Class A" certification issued by China Automotive Research, but also won the industry’s first "Zero Formaldehyde" car award for the environmentally friendly cockpit. The ultra-high standard body protection design and the four-proof battery that far exceeds the national standard safety jointly protect the safety and comfort of every occupant on every journey.

Lynk & Co 08 EM-P won CCTV's "Best Comfort Car" _fororder_image006

Ultra-high standard body-in-white structural design enhances body protection and safety

  As the first new energy strategic model based on the CMA Evo architecture, the Lynk & Co 08 EM-P has been selected and recognized by more than 40,000 users since its launch, and has also pulled the luxury experience of the new energy era to a new height. The Lynk & Co 08 EM-P, which won the "Best Comfort Car" award in the 4th "China Automobile Festival", will also create more surprises and infinite possibilities during travel. For families who understand family but insist on self-pursuit, it will bring a new energy comfortable and luxurious travel experience that delights themselves and their families. (Source: Lynk & Co Automotive)

Dongying Corolla is being discounted! The latest offer 74,800, great discount today

[Autohome Dongying Discount Promotion Channel] Good news! In order to meet consumers’ car purchase needs, a grand promotion is being held in Dongying area, which has attracted much attention. At present, the maximum discount range is as high as 42,000 yuan, which further enhances the cost performance of this popular model. The starting price has been adjusted to 74,800 yuan, providing consumers in Dongying area with a very attractive car purchase option. If you want to seize this price reduction opportunity, click "Check the car price" in the quotation form to learn about the specific preferential situation in real time, and strive to get greater benefits on the road to car purchase.

东营卡罗拉正在优惠!最新报价7.48万,今日钜惠

The Corolla’s exterior design is simple and modern, and the front face adopts a family-style design. The air intake grille is exquisite and moderate in area, and the lines are smooth, showing a steady and dynamic temperament. The overall style is both practical and stylish, with full body lines and harmonious proportions, which fully reflects Toyota’s classic aesthetics in the compact car market.

东营卡罗拉正在优惠!最新报价7.48万,今日钜惠

The Corolla frames a distinctive profile of the side with its fluid body lines. Measuring 4635mm long, 1780mm wide and 1455mm high, with a wheelbase of 2700mm, the body ensures generous interior space and stability. The front and rear tracks are 1527mm and 1526mm respectively, highlighting its well-balanced body design. The tyre size of 195/65 R15, paired with a clean and dynamic rim design, together create an elegant and functional profile of the Corolla.

东营卡罗拉正在优惠!最新报价7.48万,今日钜惠

Corolla’s interior design is simple and practical, with humanization and comfort at its core. The steering wheel is made of plastic material, although not full of high-end feeling, it is easy to hold and durable. The 8-inch central control screen is intuitive and easy to operate, providing a convenient information and entertainment experience for the driver. The seat is made of fabric material, providing good support and breathability. The seat is rich in functions, including front and rear, backrest and high and low adjustment to meet the needs of different passengers. The front row is equipped with a USB port, which is convenient for passengers to connect electronic devices and meet daily needs.

东营卡罗拉正在优惠!最新报价7.48万,今日钜惠

The Corolla is equipped with a 1.2T turbocharged engine with a maximum power of 85 kilowatts, an output of 116 horsepower, and a torque performance of 185 Nm. Combined with the CVT continuously variable transmission (simulated 10th gear), this engine provides a smooth driving experience and efficient power output.

Summarizing the owner’s point of view, the Corolla attracted him with its stylish exterior design, especially the personalized elements of the front face and the bright headlights, which undoubtedly enhanced the visual enjoyment of driving. The chrome trim on the front part and the logo design highlight the sense of sophistication, which makes a deep impression on the whole. This exterior feature undoubtedly makes the Corolla an ideal choice for young car owners.

Wang Jianlin heaved a sigh of relief: PAG signed a new agreement with Wanda Commercial Management, temporarily easing the debt crisis

When Wanda Commercial’s IPO sprint was fruitless and the bet was facing default, Wanda Group Wang Jianlin could finally breathe a sigh of relief.

On December 12, 2023, PAG and Dalian Wanda Commercial Management Group jointly announced the signing of a new investment agreement. PAG will work with other investors to reinvest in Zhuhai Wanda Commercial Management after its investment redemption period expires in 2021.

The investment amount of existing investors in Zhuhai Wanda Commercial Management in August 2021 is about 38 billion yuan, of which the investment amount of Pacific Alliance is about 2.80 billion US dollars (about 18 billion yuan).

According to the new agreement, Dalian Wanda Commercial Management holds 40% of the shares, making it the single largest shareholder. Pacific Alliance and several other existing and new investors will participate in the investment, with a total shareholding of 60%.

Wanda will work with key shareholders such as Pacific Alliance to further optimize the company’s corporate governance, maintain the stability of the management team, and jointly support the company’s long-term development.

Wanda Group said that the new agreement reflects investors’ high recognition of Zhuhai Wanda Business Management’s growth potential and its operating capabilities.

Wanda Commercial Management expects annual revenue to 29.30 billion

According to the introduction, Wanda Commercial was established in September 2002 and is one of the world’s leading commercial property holding and operation enterprises. Zhuhai Wanda Commercial Management is the only business platform for asset-light operation and management of commercial centers under Dalian Wanda Commercial Management Group.

As of November 2023, Zhuhai Wanda Commercial Management operated and managed 494 large-scale commercial centers, of which 290 were commercial centers under Dalian Wanda and 204 were third-party asset-light commercial centers.

Zhuhai Wanda Commercial Management currently manages 494 large commercial centres in 227 prefecture-level and above cities across the country. The number of commercial centres managed by Zhuhai Wanda Commercial Management has grown from 417 to 494 in the past two years, an average annual growth rate of about 9%. Zhuhai Wanda Commercial Management is now the world’s largest commercial management company in terms of commercial area under management.

Since existing investors invested in 2021, Zhuhai Wanda Business Management has exceeded its performance targets for three consecutive years. After-tax income in 2021 is 23.50 billion yuan, 2022 is 27.10 billion yuan, and 2023 (estimated) is 29.30 billion yuan, with an average annual growth rate of about 12%. After-tax profit in 2021 is 5.30 billion yuan, 2022 is 7.50 billion yuan, and 2023 (estimated) is 9.50 billion yuan, with an annual growth rate of 34%.

In the past three years, Wanda Commercial Management has paid a total of about 10 billion yuan in taxes, and the dividends to shareholders are 4.60 billion yuan in 2021, 6.70 billion yuan in 2022 and 8.50 billion yuan in 2023 (estimated).

Tencent and Country Garden are shareholders

In 2018, Tencent Holdings, as the main sponsor, jointly signed a strategic investment agreement with Suning, JD.com, Sunac and Wanda Commercial in Beijing to invest in 34 billion and acquire about 14% of the shares held by investors introduced when Wanda Commercial Hong Kong H shares were delisted.

Before the Wanda Commercial Management IPO, Wang Jianlin directly held 5.19% of Dalian Wanda Commercial and 44.31% through Wanda Group. In addition, Zhuhai Wenchi held 1.7%, Zhuhai Wenlong held 0.98%, and Dalian Wentai held 4.29%.

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Wang Jianlin holds 36.58 per cent of Zhuhai Wentai, 4.53 per cent of Zhuhai Wentai and 70.11 per cent of Dalian Wentai, which are shareholding platforms for employees of Wanda Group and its subsidiaries.

Wang Jianlin’s wife, Lin Ning, holds 3.18 per cent of Dalian Wanda Commercial; Wang Jianlin holds 98 per cent of Dalian Hexing and 2 per cent is held by Wang’s son, Wang Sicong. Dalian Hexing holds 99.76 per cent of Wanda Group and Wang Jianlin directly holds 0.24 per cent of Wanda Group.

Dalian Wanda Commercial holds a 78.83% stake in the joint stock company of Zhuhai Wanda Commercial Management Group, and investors hold a 21.15% stake in the joint stock company of Zhuhai Wanda Commercial Management Group.

Country Garden holds 1.7945%, Chow Tai Fook’s WellSmart Developments Limited holds 0.0718%, CITIC Capital’s CCP Wing Investment holds 1.7857%, Jinyi Global holds 1.7945%, and Shanghai Yunxin Entrepreneurship holds 0.9778%.

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Tencent holds 0.7222% through Huang River, Tencent holds 0.1179% through Shenzhen High Light Computer Technology Co., Ltd.; Ant Group’s Accelerator I holds 0.4643%;

PAGAC holds 3.5714%, CITIC Securities Investment Co., Ltd. holds 0.3611%, and Hangzhou Tangzhi Equity Investment Partnership (Limited Partnership) holds 0.0555%.

However, as investors in Wanda Commercial Management, Ning and Sunac have encountered operational difficulties to varying degrees. It is difficult for the Mud Bodhisattva to cross the river, but it is difficult to solve the problem. In particular, Ning also stepped on Evergrande, causing serious losses. Country Garden is also in crisis, and only Wanda is relatively better off.

Selling Wanda Films to Help Yourself

A few days ago, Wanda Film announced that it received a notice on December 6, 2023 that the company’s indirect controlling shareholder, Beijing Wanda Cultural Industry Group Co., Ltd., and its wholly-owned subsidiary, Beijing Hengrun Enterprise Management Development Co., Ltd., and the company’s actual controller, Wang Jianlin, intend to transfer the 51% equity of the company’s controlling shareholder, Beijing Wanda Investment Co., Ltd. to Shanghai Ruyi Investment Management Co., Ltd.

As early as July 20, 2023, Beijing Wanda Cultural Industry Group Co., Ltd., the indirect controlling shareholder of Wanda Film, signed an Equity Transfer Agreement with Shanghai Ruyi Film and Television Production Co., Ltd. (referred to as "Shanghai Ruyi"), and Wanda Cultural Group transferred its 49% stake in the company’s controlling shareholder, Beijing Wanda Investment Co., Ltd. (referred to as "Wanda Investment"), to Shanghai Ruyi. Shanghai Ruyi invested 2.262 billion yuan.

This means that once the transfer is completed, Shanghai Ruyi will hold a 100% stake in Wanda Investment Co., Ltd., and then hold a 20.03% stake in Wanda Film. Wanda Film’s actual control will change from Wang Jianlin to Shanghai Ruyi.

According to the financial report, Wanda Film’s revenue in the first nine months of 2023 was 11.348 billion yuan, an increase of 46.98% over the same period last year; net profit was 1.115 billion yuan; net profit after deduction was 1.10 billion yuan. Among them, Wanda Film’s revenue in the third quarter of 2023 was 4.479 billion yuan, an increase of 61% over the same period last year; net profit was 692 million yuan, and net profit after deduction was 689 million yuan.

Wang Jianlin once again "cut meat" to save himself is to deal with the delay in the listing of Wanda Commercial Management, and the company is facing a situation of default on gambling.

Takeaway brother upgrade: from "bronze" to "king" to send orders against the clock

  Lane 41, Sanyuan Road, Putuo District, Shanghai, is a commercial and residential building where the blue-and-white "Ele.me" logo hangs. He Shengsheng, 28, is the webmaster of the food delivery platform Ele.me in Shanghai.

  "In December 2014, I came to Shanghai to work hard and saw that Ele.me was recruiting a large number of riders, and the salary was not bad, so I came here." He Shengsheng told First Financial Reporter that in May 2015, due to his outstanding work performance, he was promoted to become a stationmaster, mainly responsible for helping riders solve problems encountered in daily work and life.

  Ele.me Hummingbird Delivery released the "2018 Takeaway Riders Group Insight Report" shows that there are more than 3 million registered riders in Hummingbird Delivery, of which 77% of Hummingbird riders are from rural areas, the average age is about 29 years old, and the proportion of post-95s has exceeded 20%. Riders deliver 48 orders per day on average, and travel nearly 150 kilometers.

  With the accelerated pace of life, people are increasingly concerned about the value of time, and instant delivery has come into being. Nowadays, instant logistics distribution platforms have entered the field of intra-city, small-scale, and takeaway, and gradually expanded to the field of fresh food, supermarket delivery, and even a wider range of express terminal areas.

  longest3.5kilometer

  As a young man who came to Shanghai from Lu’an, Anhui Province to work hard, making money is He Shengsheng’s top priority.

  "Joined Ele.me as a rider on December 22, 2014. At that time, the order volume was not very large. The overtime salary was more than 8,000 yuan, and the unit helped pay five insurances and one housing fund." He Shengsheng told reporters that there are now 65 riders (full-time + part-time) under his own management. Every month, the company will settle the salary according to its own control of the site and performance. Generally, if you do a good job, the monthly salary is more than 10,000 yuan; if you do a little worse, 6,000 to 8,000 yuan.

  The reporter learned that almost all the instant delivery fields such as Ele.me, Meituan, and Dada use the agent model. Take Ele.me as an example. Ele.me has dozens of agents in Shanghai, each agent has multiple sites, and the maintenance of the site is jointly managed by the channel manager dispatched by Ele.me and the area manager dispatched by the agent. And He Shengsheng’s site belongs to Jiangxi Hummingbird Supply Chain Management Co., Ltd.

  When He Shengsheng first took over the position of stationmaster, most of his time was occupied by manual orders, such as the same rider arranging several orders in the same direction for him. "At that time, it was still manual, and there was no intelligent order like now."

  The intelligent dispatching system He Shengsheng mentioned is the "Ark" of Ele.me intelligent dispatching system, which is the core link in the field of instant delivery of takeout. The system replaces most of the work of webmasters, reduces the degree of human intervention, and realizes automated and intelligent dispatching.

  The first financial reporter saw in the computer background of the Ele.me site that the Ark system can display the intelligent scheduling order link: user order, merchant order, intelligent scheduling (rider order/robot order), delivery to users, etc. Through big data and machine learning, user orders are matched with the optimal path under the optimal decision to ensure delivery efficiency.

  In addition, the system can also display the location of the rider in real time, as well as the number of orders in his hand and the number of orders to be completed. "The location is mainly based on the rider’s exclusive app loaded in the rider’s mobile phone. Generally, the rider who completes the order delivery task will return to the business district where he is located, which is convenient for the system to send orders. The longest straight line distance from the food pickup point to the customer is 3.5 kilometers." The business district He Shengsheng is in charge of is the Centennial Central Shopping Plaza and 118 Square in Putuo District. How far is 3.5 kilometers? If you use a 1 yuan coin (25mm diameter) to spread in a straight line, you need 140,000 pieces.

  In the current situation of intelligent ordering, He Shengsheng no longer dispatches orders manually, but also needs to manage the riders, such as the problems encountered by the riders need to be dealt with in a timely manner; in terms of orders, there are merchants who need to be solved, and riders who need to come to him to solve. In addition, it depends on whether the distribution of system orders is reasonable.

He Shengsheng is checking the working status of the rider.

  "The factors to judge whether an order is reasonable are based on a rider’s ability to carry orders in the past period of time, the timeliness of orders, the timeliness of riders’ delivery, etc. Only in this way can we determine the amount of riders’ orders and the shortest time he can deliver orders to customers." He Shengsheng revealed that under normal circumstances, riders with strong ability have no problem going out to receive 12 to 15 orders at a time. If they encounter peak delivery periods, such as going to the same office building for food delivery, they can also reach 18 orders at a time.

  The Ark system will combine nearby orders from the same street and the same building, and deliver them to one rider in a unified manner, which is called "chasing orders" in the industry. He Shengsheng said: "Although it doesn’t matter if the pickup point is different, as long as the customer is in the same building, the delivery efficiency is quite high. This is why so many orders are sent to capable riders, because he knows which restaurant is fast and which is slow, and he will go to the restaurant with the fast meal first."

  From "bronze" to "king"

  This is an industry where every second counts, and riders need to consider two factors: the speed of the restaurant’s delivery, and whether the customer is in the same location. They need a path plan.

  For a rider who has been in the job for a long time and has strong ability, after he receives the order, he has a plan, such as which restaurant to drop by, where to pick up the meal, the speed of the restaurant’s delivery, etc., and then deliver it to the customer. Which orders are delivered first or some customers urge orders to be delivered first, there is a reasonable plan.

  He Shengsheng said: "For a new rider, he doesn’t know where the restaurant is, so the Ele.me platform will tell him where the food pickup point is and where the delivery point is, and he can follow the prompts given to him by the system. In this case, it is more suitable for him to give one or two orders at a time."

  Ark learns the rider’s food delivery data, delineates the rider’s level, and ladders the rider’s target order quantity at all levels, so as to make a ability portrait for each rider, and assigns the waybill to the most suitable rider.

  During the midday and evening peaks of takeout, Ark will prioritize orders to high-level riders during peak periods based on waybill efficiency to improve delivery efficiency. According to data provided by Ele.me, the Ark system can process orders at a peak of more than 80 orders per second. During the peak period of takeout, Ark will emphasize fairness on the basis of considering efficiency. Through big data analytics, the order volume of riders is balanced to ensure that the order volume allocated by riders of the same level and team is roughly the same within a certain time span.

  The Ele.me platform divided Hummingbird’s riders into different levels, and the Honor of Kings game was divided into 6 levels, followed by bronze, silver, gold, platinum, diamond, and king. "The more orders a rider gives, the better, the higher the level will be."

  "Different agents may pay riders different salaries in different cities. The salary of riders on our site consists of three parts: 1. Performance commission, the standard is less than 600 orders, according to 7 yuan/order; more than 600 orders, according to 8 yuan/order. 2. Subsidies are made according to the weight, distance, weather, rider level, etc. of each order. 3. There are praise rewards and rush orders rewards every month." He Shengsheng said that the average monthly income of full-time riders at his site is 7,000-9,000 yuan, and the KPI assessment indicators for riders are similar, basically changing once a month. At present, the main assessment is the cancellation of riders’ delivery and T12 timeout.

  T12 timeout refers to a timeout of 12 minutes. For example, the assessment time of the rider’s order T is 10:30. If the rider arrives after 10:42, it has exceeded the time value of the rider’s order assessment.

  How to determine what time is the expectation of the booking customer? He Shengsheng said that under normal circumstances, it is divided into pre-orders and instant orders, and pre-orders can be booked to a certain time period; for instant orders, the system will determine the time expected by the customer of the order according to the timeliness of the restaurant, order memory and other factors, and then give a time.

  Not only Ele.me, but also its competitors Meituan and Dada have long integrated AI and big data into their business development.

  The reporter learned that there are many entrants in the field of instant delivery at present, mainly divided into three categories: one is established in 2014, flash delivery, Dada, UU errands and other established intra-city courier companies, the other is the instant delivery originating from the takeaway model, such as Ele.me’s Hummingbird delivery, Meituan’s Meituan special delivery team, Dada-JD Daojia’s new Dada, etc.; the third is SF Express, Yuantong, Yunda and other traditional logistics companies, SF Express’s instant delivery business, Yuantong’s timing, Yunda’s cloud delivery. The players on the track are gathered, all intending to get a share of this emerging market.

  For the future, He Shengsheng expressed the hope that he can seize the opportunity and grow with the takeaway platform. (Wang Hai)

How to move towards standardization after the uproar of online celebrity in running all the way

  In a melon and vegetable planting base in Qian ‘an City, Hebei Province, villagers used live broadcast to promote tomatoes. Xinhua news agency

  In a business exhibition company in Chenghai District, Shantou City, Guangdong Province, an anchor sells car models in the live broadcast room. Xinhua news agency

  In a flower planting base in Xindian Street, Dongying District, Dongying City, Shandong Province, college students returning home during the winter vacation live broadcast with goods. Song Xinggang photo/bright picture

  In Dinghe Village, Tangqi Town, Linping District, Hangzhou City, Zhejiang Province, the network anchor is selling special new year goods such as dried herring live. Xinhua news agency

    These days, major e-commerce platforms have launched the "New Year Festival", and Li Dian, a Beijing citizen, is also busy buying in buy buy, but she feels more rational recently. "Now I won’t spend a lot of time in the live room, but I want to take a few minutes to go to the live room of the head anchor when I want to buy something, browse the products of the day, buy them if necessary, and quit the live room immediately if I don’t." Li Dian once bought a lot of good things with good quality and low price in the live broadcast room, and also encountered "things are not as good as the anchor said" or even quality problems. "But overall, the live broadcast industry has become more and more standardized recently."

    On December 20th, 2021, the Inspection Bureau of Hangzhou Taxation Bureau of Zhejiang Province informed that Huang Wei (net name: Viya), the network anchor, had been punished by tax administration according to law, and the tax was recovered, the late payment fee was added and the total fine was 1.341 billion yuan. Subsequently, Viya’s platform accounts were blocked. As soon as the news came out, public opinion was in an uproar. People were both surprised at the wealth myth created by online celebrity’s economy and at how many chaos there were in the live broadcast industry.

    Indeed, this is not the first time that anchor online celebrity has "overturned". "Water Army" swipes bills, sells fakes and evades taxes … … Online celebrity’s economic turnover, which has been refreshed repeatedly, is bound up with all kinds of chaos that has never stopped. In the past two years, with the introduction of various management measures and the strengthening of tax supervision, a clear signal has emerged — —

    The period when online celebrity’s economy ran like a runaway wild horse, such as live broadcast with goods, has passed in a hubbub. Online celebrity’s economy will have a long-term future only if it is standardized in development, developed in standardization and changed into a healthier growth mode.

  Triumphant: Last year, the live broadcast market was nearly 2 trillion yuan.

    “3、2、1! Link! " "Buy it", these familiar slogans, were not "hot" more than two years ago. In Li Dian’s impression, he probably heard the names of Li Jiaqi and other head anchors in 2019, but he didn’t watch the live broadcast at that time. "At that time, I didn’t even know where to watch the live broadcast. After chatting with friends, I realized that Taobao actually had an App dedicated to watching the live broadcast." Li Dian recalled that after the outbreak of the COVID-19 epidemic in 2020, he spent less time going out and more time at home. Slowly, she started shopping with the head anchor.

    Looking back at the development of e-commerce live broadcast, with the help of the influx of capital flows and the epidemic, the whole industry has made great strides in the past two or three years, and some media even used "rapid ripening" to describe the development of this industry.

    "During the epidemic, many businesses were blocked from operating offline, and the inventory pressure was high. This sales method of live broadcast with goods has found a way out for shops with sales difficulties, and also meets the needs of consumers. With the active promotion of e-commerce platforms and shopping malls, live delivery has developed rapidly. " Pan Helin, member of the Information and Communication Economy Expert Committee of the Ministry of Industry and Information Technology and executive director of the Digital Economy Research Institute of Zhongnan University of Economics and Law, said.

    According to the Research Report of China Live E-commerce Industry in 2021 released by iResearch, by the end of 2020, the number of live e-commerce users in China reached 388 million, accounting for nearly 40% of the total netizens, and nearly two-thirds of users made purchases after watching the live broadcast. According to the enterprise survey data, in 2020, the number of registered new live broadcast enterprises in China increased by 10 times compared with 2016. Online celebrity’s economy, such as e-commerce live broadcast, attracted a large number of practitioners to enter the market, and the number of MCN agencies engaged in online celebrity brokerage achieved a spurt growth from more than 150 in 2015 to more than 20,000 in 2020. The report pointed out that nearly 1,000 live broadcast rooms with sales exceeding 100 million yuan will be born in 2020, and it is estimated that the size of the live broadcast market will be close to 2 trillion yuan in 2021.

    Online celebrity traffic anchor’s super liquidity has attracted many stars and entrepreneurs, trying to get a slice of it. Judging from the overall sales record, the live broadcast of "Fire Out of the Circle" not only makes many new domestic brands well known, but also opens up more sales for agricultural and sideline products, which also drives the rapid growth of online consumption. According to the latest data released by the National Bureau of Statistics, in 2021, the national online retail sales increased by 14.1% over the previous year, among which the online retail sales of physical goods increased by 12%, with an average growth rate of 13.4% in two years, which was significantly higher than that of offline consumption.

    Undoubtedly, running all the way’s live broadcast with goods and other online celebrity economies have promoted the development of digital economy. "The live broadcast involves a wide range of goods, and the content display and affordable discounts of the live broadcast have stimulated the enthusiasm of consumers, contributed to the prosperity of China’s consumer market, and also played an important role in promoting the development of domestic goods." Pan and Lin said.

    Zhao Ping, vice president of the Research Institute of China Council for the Promotion of International Trade, told the reporter that as an iterative mode of traditional e-commerce, live broadcast with goods has accelerated the high growth of online consumption, and online interaction and all-round display of goods have made it easier for consumers to understand and choose goods, which is conducive to expanding the scale of consumption, creating more consumption growth points and further exerting the pulling effect of consumption on economic growth.

  Frequent chaos: exaggerating propaganda, selling fake goods, and "water army" brushing orders are endless.

    Like any other industry that grows wildly, online celebrity’s cargo carrying industry is experiencing problems at the same time, just like a gorgeous robe covered with lice, behind which is a "chicken feather".

    During the Double Eleven last year, Zhejiang Consumer Protection Committee conducted a consumer inspection on the live broadcasts of five platforms and 17 anchors from Taobao, Pinduoduo, JD.COM, Aauto Quicker and Tik Tok. It is found that five anchors, such as Timor Little Crazy and Yunyun Live Room, have some problems, such as exaggerating propaganda, using absolute advertising language and comparing prices with other live rooms. Knowing that the quality of anchor products such as YEATION and Rongwei No.7 (Xiao Xuan Ge) does not meet the standard; In Li Jiaqi and Baibai Rabbit Live Studio, 1 batch and 2 batches of commodity labels were found to be irregular.

    This is just the tip of the iceberg. Previously, the anchor Simba received much attention because of the "fake bird’s nest" incident. In addition to him, there are many anchors selling fakes. From time to time, the products in the live broadcast rooms of anchors such as Viya and Li Jiaqi have exposed the quality problems, and consumers often encounter the phenomenon that anchors do nothing after sale and kick balls with merchants.

    From the price point of view, Li Jiaqi, Viya and L ‘Oré al had a dispute over pricing during the Double Eleven last year. At that time, some consumers found that the price of products purchased in the live broadcast room in Li Jiaqi was higher than that in the L ‘Oré al store, and L ‘Oré al explained that it was due to the superposition of official cross-store coupons of Tmall. At that time, the public opinion was quickly divided into two waves. Some people thought that L ‘Oré al’s commitment to the maximum intensity of the whole year was not achieved, which was a sign of dishonesty; Some people think that it is unreasonable for the head anchor to demand the lowest price of the whole network by virtue of its near monopoly position. The term "the world has been suffering from live broadcast for a long time" immediately boarded the hot search. "If you don’t squat down the live broadcast rooms of these anchors, don’t you deserve to buy low prices?" Some netizens issued such a question.

    Some small and medium-sized businesses don’t have much say in the face of well-known anchors, and the actual sales volume in the live broadcast room is not as good as expected after paying high pit fees. The "illusion" created by the "water army" and false transactions has made many small and medium-sized businesses "spend money to buy a loneliness". According to media reports, a company and a online celebrity anchor recently organized a live broadcast of poverty alleviation to help sell agricultural products. The transaction amount was about 450,000 yuan, but the actual sales amount was only 100,000 yuan, accounting for 78% of the total. Similar things are not uncommon. "On the one hand, the falsification of influence indicators such as the virtual high number of viewers and the water injection of sales data has formed an industrial chain. On the other hand, horizontal competition such as malicious brushing, fancy kicking, and false reporting has also polluted the live broadcast ecology. " As early as after the Double Eleven in 2020, China Consumers Association wrote in the report.

    In Pan Helin’s view, there are many problems in the development of online celebrity live broadcast. For example, through the way of water army drainage, improperly gain traffic attention; False propaganda, wrong goods and poor after-sales service; Virtual standard pricing, merchants and anchors raise the price first and then give discounts. Consumers actually do not get benefits, but pay a lot of time costs; Pit fees and withdrawal make the channel cost rise, which is either borne by suppliers or passed on to consumers; Give up the lower limit for traffic, break through the boundary of content creation and so on.

    "These behaviors have undermined the market economic order, affected the user experience and infringed on the rights and interests of consumers. In addition, with the emergence of Matthew effect and 28 phenomena in the live broadcast industry, anchors with head traffic have further raised the threshold for live broadcast, and the increased cost has put some pressure on merchants. " Pan Helin’s view is supported by figures: although the types of anchors are increasingly diversified, the Matthew effect of anchors with goods is prominent, and Li Jiaqi and other head anchors attract most of the traffic. According to the survey and calculation, the Top10′ s head anchor has a market share of nearly 55.75%.

    Zhao Ping said that these problems have sounded the alarm for the development of China’s digital economy. Although the development prospect of digital economy is broad, anchors and enterprises should be upright and innovative, and jointly create a fair market order and a consumer-friendly consumption environment to promote the healthy development of digital economy.

  Regulatory measures: multi-departments tighten the "reins" to make the industry develop healthily.

    After Viya was punished for tax evasion, the tax authorities in Beijing, Shanghai, Guangdong and other places issued notices, requiring celebrity artists and network anchors to pay taxes by self-examination as soon as possible.

    This is not the first time that the regulatory authorities have taken action. In the past two years, the management methods and professional norms of online marketing such as live broadcast and delivery have gradually landed. In November 2020, the General Administration of Market Supervision issued the Interim Provisions on Regulating Promotion Behavior, and then issued the Guiding Opinions on Strengthening the Supervision of Webcast Marketing Activities to strictly regulate the Webcast marketing behavior. On March 15, 2021, the General Administration of Market Supervision issued the Measures for the Supervision and Administration of Online Transactions, which restricts online transactions such as live broadcast from four aspects: online transaction operators, online trading platform operators, supervision and management, and legal responsibilities. In April, seven departments jointly issued the "Management Measures for Webcast Marketing (Trial)", which clarified the behavior red line for the practitioners of live broadcast marketing activities; In September, the Ministry of Culture and Tourism issued the "Administrative Measures for Network Performance Brokers", which included all the subjects of live broadcast activities in the scope of management. Undoubtedly, the regulatory authorities are tightening the "reins" of online celebrity’s economy, such as regulating live broadcasts.

    When answering a reporter’s question about Viya’s tax evasion case, the Inspection Bureau of Hangzhou Taxation Bureau said that the platform economy is a new format of economic development, which has played a positive role in better meeting the needs of consumers, promoting the transformation of old and new kinetic energy, and promoting high-quality economic development. In the process of rapid development of platform economy, some network anchors’ illegal tax behaviors have disturbed the order of tax collection and management and destroyed the market environment of fair competition. The tax authorities will investigate and deal with the illegal tax acts of network anchors according to laws and regulations, which is conducive to the long-term standardized and healthy development of the platform economy. State Taxation Administration of The People’s Republic of China also expressed his firm support for the Hangzhou tax authorities to seriously deal with Viya’s tax evasion cases according to law. At the same time, tax authorities at all levels are required to strictly investigate and punish all kinds of tax evasion, resolutely safeguard the authority of the national tax law and promote social fairness and justice; It is required to conscientiously implement various preferential tax and fee policies, continuously optimize tax and fee services, and promote the standardization and development of new economy and new formats in development.

    This statement made by the tax authorities reflects the consistent attitude of various regulatory authorities: We never deny the contribution of online celebrity anchor to promoting the development of platform economy and the contribution of platform economy to China’s economic and social development. However, whether it is the live broadcast industry or the platform economy, in order to develop healthily for a long time, we must bid farewell to chaos, standardize in development and develop in standardization.

    Zhao Ping believes that in order for online celebrity to grow in a healthier way, it is necessary to bring the economy of online celebrity, such as live broadcasting with goods, into the legal development track, so that it can keep the legal bottom line while developing rapidly and conduct business and innovation activities legally and legally. It is necessary to strengthen the compliance supervision of online celebrity’s economic entities and related behaviors, starting from all aspects of online celebrity’s economic supply chain, from product production, online sales to after-sales service, to meet the requirements of product quality and safety law, advertising law, anti-unfair competition law, anti-monopoly law, consumer rights protection law and other relevant laws and regulations, so as to maintain fair competition market order and protect consumers’ legitimate rights and interests.

    "Yes ‘ The problem of water army ’ , to find together, investigate together, can’t let consumers be ‘ False flow ’ Guide, so as not to undermine the fairness of market competition. Quality and after-sales issues require the relevant departments to strengthen supervision, and organizations such as the Consumers Association need to take action to help consumers protect their rights. In view of the pit parking fee and drawing, industry organizations should issue an initiative to limit the drawing ratio and not excessively increase the cost of merchants. In view of the problem of tax evasion, the tax authorities should crack down on this illegal act on the one hand, and build a normalized tax monitoring system on the other. For the marketing behavior dominated by traffic and abundant, the e-commerce platform should find it early and dispose of it in time through algorithms. The company where the live e-commerce is located should also do a good job in compliance education for the anchor with goods and constrain the anchor behavior. " Pan helin suggested.

    Gao Baohua, a researcher at the Institute of International Trade and Economic Cooperation of the Ministry of Commerce, said that it is necessary to strengthen the key management and compliance inspection of head live broadcast rooms, head anchors and accounts, high-flow or high-turnover live broadcast activities, guide all kinds of subjects engaged in webcasting marketing activities, strengthen industry self-discipline, and build a standardized live broadcast supply chain system from multiple dimensions such as commodity supply, consumer rights protection and platform construction.

    Pan and Lin bluntly said that whether the live e-commerce will ultimately benefit the society depends on two points: First, whether the live e-commerce promotes the circulation and consumption of goods. Second, whether the live e-commerce has reduced the cost of sales channels while maintaining compliance operations, so that both suppliers and consumers can benefit.

    With the tightening of the "reins" of supervision, we expect that after the shock and adjustment, online celebrity’s cargo-carrying industry can really benefit more merchants and consumers and can go more steadily and for a long time.

    (Reporter chenchen)

2023 FISU Football World Cup: Beijing Normal University won the women’s football championship.

On October 31st, in the women’s final of the 2023 FISU Football World Cup held in Jinjiang, Fujian, China’s Beijing Normal University team beat Brazil’s paulista University team by a total score of 7-6 in a penalty shootout and won the championship.

↑ The starting players of Beijing Normal University team took a group photo before the game.

↑ Beijing Normal University team players celebrate the championship.

Zhou Xinyu, a women’s football player from Beijing Normal University, celebrated the goal.

Zhou Xinyu (right), a player of Beijing Normal University team, shot in the game.

Zou Mengyao (left), a player from Beijing Normal University, competes with Diovanna, a female football player from paulista University.

Photography: Lai Jincai

Source: Xinhua News Agency

Literature | Toona sinensis in spring

Toona sinensis is a kind of tree with strong vitality.

In early spring, when the wind is still hard and the sky is still cold, and other trees are still ignorant, Toona sinensis sprouts. Little red buds took the lead in sticking their heads out of the branches and timidly looked out. Hey, isn’t there a little green? Everyone is still immersed in the atmosphere of winter. I want to sprout quickly, and I can’t let other trees get ahead of me.

The next day, the buds of Toona sinensis were much bigger than the day before. On the third day, the small bud bud became several stretched leaves. The spring breeze blew, and the buds seemed to be blown away. In a blink of an eye, the whole tree was covered with fragrant and tender buds. Against the gray sky in early spring, the small buds are particularly eye-catching on the bare branches.

Nodding from the bud of Toona sinensis, the owner will look at it every day and think about the right day to break up every day. When the buds of Toona sinensis grow to a length, that is, the thumb and forefinger are stretched out so long, it is necessary to twist off the branches with long rods with hooks. There are new buds on the branches. Break off the buds of Toona sinensis from the branches and put them in the basket. The first stubble of Toona sinensis did not break much, because there were few buds.

Toona sinensis, the first crop, is also the most expensive, and its taste and fragrance are top grade, so the price is naturally extremely high. Toona sinensis buds cost one price a day, and the second crop of Toona sinensis is much cheaper. I remember that in the past, we didn’t eat the first crop of Toona sinensis, so we couldn’t afford it. It was very good to buy the second crop of Toona sinensis. It’s not like now. You can buy any stubble of Toona sinensis if you want.

Therefore, it is necessary to break the buds of Toona sinensis from the tree before it is too late, just like Zhang Ailing said, "Be famous before it is too early." Toona sinensis bud is a kind of leaf that takes the youth route. The younger it is, the more valuable it is, and so is leek. Toona sinensis became less and less valuable in the future. In the end, it was mixed in the green of poplar, French phoenix tree and locust tree, and became an ordinary neglected leaf.

Every spring, the Chinese Toona trees at the head of my building will be torn apart by long poles with hooks, almost bald, and their branches will be unscrewed to break off buds and abandoned on the ground, with different lengths and scattered all over the floor. I even thought that these trees were finished and life was coming to an end. However, after a few days, new buds began to sprout from other places, and they disappeared for a few days, and the trees were full of green. Toona sinensis is tossed once or twice every year, and then it comes back to life. It has tenacious vitality.

Yan Shu’s "Toon" said: "The trees in southern Chu are full of charm. Why use it for eight thousand years, Teng Ling is stunned by the bacteria. " The charm of Toona sinensis can be seen.

There are many ways to eat Toona sinensis, such as braising Toona sinensis in oil, scrambled eggs, and pickling into Toona sinensis sprouts, so enjoy your cooking. Most people eat the first crop of Toona sinensis, but few people care about the second crop, and it is no longer the poverty it used to be.

Although Toona sinensis has been eaten every year and eaten so many flavors, it was only at that time that the taste was amazing and then it was forgotten. Many years later, when I think of Toona sinensis, I was still in my grandmother’s yard when I was a child. In front of me was a big pot brought by my grandmother. I opened the steaming pot cover, and there was a pot of cooked Toona sinensis leaves in the pot. At this time, they can no longer be called Toona sinensis buds. They are mature leaves with thick joints and thick leaves, which are the last leaves that have been picked many times. These old leaves are cooked and salted to make pickles. Childhood is so poor that children don’t have any snacks to eat, so poor that they have to eat mature Toona sinensis leaves to make up for the lack of food.

Grandma took out a leaf from the pot, blew it on her mouth, and handed it to me if it was not too hot. I took it and put it in my mouth, and the skin on the pole was delicious, so I chewed it off bit by bit. The cooked leaves of Toona sinensis have a unique taste, without the delicacy of Toona sinensis buds, but with chewing heads. I have a handful of leaves in my left hand, my right hand is at my mouth, and my grandmother looks at me with a smile. She must feel that she has finally found something to eat for her nephew. Grandma is very happy.

Time has passed, the past has gone, and grandma’s smiling face is just fixed in the yard of that spring.

(The author is a member of the Writers Association of Zibo City, Shandong Province)

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Starting the real estate debt basket and accurately serving the real estate financing needs Zheshang Bank increased its support for real estate.

Chao News Client Reporter Wu Enhui
Recently, the State Financial Supervision and Administration said that real estate is closely related to the lives of the broad masses of the people, and the financial industry is duty-bound and must be strongly supported. On January 26th, the General Administration of Financial Supervision held a meeting to deploy and promote the implementation of the coordination mechanism of urban real estate financing. The meeting stressed that it is necessary to thoroughly implement the spirit of the Central Financial Work Conference, accelerate the implementation of the coordination mechanism for urban real estate financing, more accurately support the reasonable financing needs of real estate projects, and promote the stable and healthy development of the real estate market.
Zheshang Bank actively responded to the national policy call, implemented the relevant requirements of the General Administration of Financial Supervision, took the lead in the interbank market, officially launched the real estate debt basket on January 25, 2024, and independently underwritten and issued the first asset-backed debt financing tool for real estate enterprises.
Through a series of innovative measures, the bank’s real estate bonds provide market liquidity, accurately support real estate enterprises, boost the market confidence of real estate enterprises and help their financing needs while meeting the trading needs of investment institutions.
Initial real estate corporate bond basket
Bond basket is an innovative product launched by China Foreign Exchange Trading Center for institutional investors. Market institutions can achieve strategic trading or index tracking by trading a basket of bond portfolios, aiming at enriching market-making means and improving trading efficiency.
The real estate bond basket (basket code: BBX026002) launched by Zheshang Bank this time has a trading unit of 30 million yuan, and the portfolio includes three real estate corporate bonds, each of which is 10 million yuan. All of them select high-quality real estate bonds with a remaining maturity of less than 5 years, which have both allocation value and market liquidity. The bonds in the portfolio will be adjusted according to the actual market situation.
According to reports, this basket is the only one in the whole market that provides bilateral quotations for real estate bonds. Zheshang Bank prefers real estate corporate bonds to provide effective click quotations for market investment institutions to help realize the batch trading of real estate bonds.
The relevant person in charge of the fund operation center of Zheshang Bank said that the launch of this basket is a brand-new attempt of Zheshang Bank in the financial services real estate industry, and it has also fulfilled the obligations of market makers and has been widely supported by market institutions. On the first day of the listing of this basket, banks, brokers, funds and other institutions actively inquired about this basket, and on the same day, funds clicked on the quotation to realize the first landing transaction.
Independently underwriting asset-backed debt financing instruments of real estate enterprises.
While launching the real estate debt basket, Zheshang Bank also innovatively launched the asset-backed debt financing tool for real estate enterprises.
On January 25th, Zheshang Bank independently underwritten and issued the asset-backed debt financing instrument (CB) of Huayuan Real Estate Co., Ltd., with a total scale of 290 million yuan and a term of 2 years.
As one of the earliest listed real estate enterprises engaged in real estate development in China, Huayuan Real Estate takes Beijing as the core and radiates Beijing-Tianjin-Hebei, western China, central China and southern China. While doing the main business of excellent residential development, enterprises are constantly forging ahead, actively seeking change and testing new development models and industrial formats.
The asset-backed debt financing tool issued this time, with its unique asset guarantee model, has revitalized the assets of enterprises in Beijing, Changsha and Guangzhou and realized the effective dispersion of risks. All the funds raised are used for the construction of residential real estate projects, which plays a key role in completing the task of "guaranteeing the delivery of buildings". At the same time, it optimizes the capital structure of the enterprise and lays a solid foundation for the sustainable development and strategic transformation of the enterprise.
The relevant person in charge of Huayuan Real Estate Finance Department said that Zheshang Bank fully recognized the enterprise transformation and development strategy, accurately supported the financing needs of the enterprise at this stage, and with the professional financial team and rich industry experience, this innovative financing tool was tailored for the enterprise. With the joint efforts of all parties, it was successfully launched, demonstrating the professional level of the bank in financial innovation and service.
It is worth mentioning that this business is the innovative practice of Zheshang Bank to accurately support real estate enterprises through the investment banking toolbox, and it is the first asset-backed debt financing tool for real estate enterprises in China, which is expected to provide new financing ideas for the real estate industry.
It is understood that Zheshang Bank will continue to give full play to its professional advantages, actively respond to the call of the state, make good use of the policy toolbox, provide enterprises with more diversified and personalized financing services, more accurately support the reasonable financing needs of real estate enterprises, and further improve the liquidity of real estate bonds, promote the accurate docking between real estate enterprises and financial institutions, and contribute financial strength to the stable development and transformation of the real estate industry.
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