On December 27th, Xiaohongshu Beauty released "2023 Beauty Inspiration Inventory". Emotional "crazy" explosion, online beauty and mutual assistance, "lazy" copying homework, and beautiful long-term persistence have become the four major beauty trends of Xiaohongshu this year.

　　This year, the number of little red book skin care notes increased by nearly 90% year-on-year, and the number of beauty notes increased by nearly 70% year-on-year. The strong user base and high-quality content precipitation have made Xiaohongshu a target of beauty trend. Behind the four major trends, Xiao Hongshu’s consistent friendly and mutual assistance and sincere sharing of community genes, as well as the increasingly subdivided and differentiated "planting grass" strategy, are reflected.

　　The knowledge of beauty is vast, but the little red book provides you with a one-click copy of the beauty method. This year, on the little red book, countless users pressed the acceleration button for the road to beauty by "copying homework lazily". After the hot trends such as "early C and late A", the skin care formula of "early B and late A, early P and late R" jointly initiated by @ Harvard Yige -Dr. Jeff and @ Wang Wang Ai Skin Care Department of Chemistry provided a gentler and more accurate new skin care solution for users with acne muscles and sensitive muscles. The annual release of related notes exceeds 1.1 million, and the exposure exceeds 14 billion.

　　It is no longer difficult for ten thousand people to transform and help each other and become beautiful. In the past year, "online beauty and mutual help" has become one of the hottest beauty care trends in Little Red Books. Whether it’s Fiona Fang’s face or long face, light face or thick face, as long as you send out a note of persuasion and transformation, users on Little Red Book will always patiently guide online to help everyone discover their new possibilities. In 2023, the number of notes related to # Listening to Advice and Changing Makeup increased by over 370% year on year, and the exposure increased by over 500% year on year. In addition, more and more college students are brave in the beauty circle and actively express that Xiaohongshu has taken the first step to become a blogger. Eight-day makeup and college students’ wearing have become hot topics, and the number of beauty writers of the student party has increased by over 170% year-on-year.

　　In Little Red Book, in the past year, hundreds of bloggers actively participated in the offline teaching & makeup modification activity initiated by Little Red Book Beauty, and spontaneously provided suggestions and inspiration for netizens to improve their beauty and help them find more styles that suit them. Their participation just shows the community atmosphere of online beauty and mutual assistance in Little Red Book.

　　Return to rational consumption and explore more cost-effective beauty-changing schemes. In 2023, users of Little Red Book will pursue "beautiful long-term". In the field of skin care, people are pursuing more accurate efficacy value, and Light medical cosmetology has gradually become an important part of advanced skin care for skin care professionals. The annual release of related notes exceeds 550,000, and the exposure is as high as 6 billion. When purchasing beauty care products, more and more users began to pay attention to the long-term value of products, and the concept of "expensive replacement" quietly became popular. The annual release of related notes exceeded 15,000, and the exposure exceeded 200 million.

　　In the process of beauty and skin care, there is also an "emotional" madness ". This year, in the use of beauty and skin care, in addition to external changes, people also feel extra pleasant experience and emotional value. The "Relaxation Skin Care" initiated by @ Yi Nengjing promoted the ritual skin care craze, and the release of notes increased by 110% year-on-year. The pursuit of individuality and the use of makeup to create "identity" have become the "daily makeup" of users of little red books, with more than 700,000 notes published and 17 billion exposures.

　　In Xiaohongshu, beauty is not exclusive to bloggers. Everyone can express "beauty" boldly and confidently, and be seen, replied and interacted by others. Sincerely share and help each other’s community genes, life-oriented and scene-based operation methods, so that users of Little Red Book are willing to share their experiences of beauty improvement and strive to explore ideas of beauty improvement. "Good-looking", "Politely asking the price" and "squatting for follow-up" … The sharing and comments of boasting heroes and grass lovers have gathered into a diversified, rich and human-oriented beauty trend content, and every expression of beauty has echoes here.

　　This year, Xiaohongshu also saw a lot of beautiful bloggers who sincerely shared. @ 京京京京京, @ 京京 CHARR and others were awarded the "annual official activity help group" and actively participated in online and offline makeup changes in the official interaction initiated by Beauty Potato in 2023; @ Love durian, @ Anqi and others were awarded the "annual strength blogger help group", with an annual increase of over 200,000 in the field of beauty and skin care; @ cc, who loves spicy food, and Aunt Yao, who studies makeup, were awarded the "New Blogger Help Group of the Year", with an annual increase of over 100,000, and the notes on creating beauty and skin care accounted for 60% or more of the total annual notes.

　　Behind the beauty trend is people’s understanding and exploration of beauty. In Little Red Book, people find beauty in daily life, show beauty in life, and are sincere, human and have real experiences. Every sharing and discussion in Little Red Book reflects users’ positive attitude towards life.

　　From early C to late A to early P to late R, from cut-off eye makeup to e-person travel makeup, the latest fashion and the hottest beauty trend all grow up in Xiaohongshu. Bloggers explore innovative ways of playing, users actively plant grass to learn, and officials maintain the community ecology … Little Red Book has always reached new heights with thousands of users. In December 2023, Xiaohongshu Beauty also launched the 2023 Red Makeup Award, inviting users to recall the moment of "beauty". By reviewing the annual makeup, perfume and skin care experience in the past year, we can discover and create a steady stream of beauty care inspiration.

CCTV News:What you see in the picture is Chaka Salt Lake, which is the smallest of the four major salt lakes in Qaidam Basin, but its salt storage is the largest. When it is calm, Chaka Salt Lake is like a mirror, reflecting the distant snow-capped mountains and blue sky in the crystal clear lake, showing the natural scenery of "the lake is the same color as the sky, and the salt lake is the same as the snow peak".

In different seasons and at different times of the day, the scenery of Chaka Salt Lake is also ever-changing. In the past two years, Chaka Salt Lake has become a popular tourist punching place, and the number of tourists has continued to increase.

This is the Emerald Lake in Dachaidan Town, Haixi Prefecture. Because the lake water contains a large number of metallic elements such as magnesium, lithium and potassium and halides, the color of the lake water is either light blue or green or dark blue, and the lake water and salt flowers alternate, just like a piece of glittering and translucent jade, so it is called Jade Lake. Seen from the air, salt ponds of different sizes, shapes and shades are like gems scattered on the earth.

Because of its unique landscape, Emerald Lake is also a online celebrity punch-in point on the Chaidamu tourism ring road, which is called "the most beautiful emerald in the world" by tourists.

What we are seeing now is Yadan landform distributed in the northwest of Qaidam Basin. Yadan is a typical wind erosion landform, which means steep hills. Looking down from the sky, Yadan looks like ancient castles, and its formation has gone through about 700,000 to 300,000 years.

Yadan on the water brings out the best in each other with Yadan on the ground. Because of the crustal movement in Qaidam Basin, the lake water in Qinghai Lake and other places flows into Yadan territory through the underground, which forms the magnificent Yadan landscape on the water that we see before our eyes. Yadan on the water that stretches for 800 kilometers is spread all over the blue water, just like jasper on Gebi Beach and a quiet mirage.

What you see now is another famous salt lake in Qaidam Basin — — Chaerhan Salt Lake. It is not only the largest potash production base in China, but also one of the rare large inland salt lakes in the world, with more than 50 billion tons of sodium chloride stored in the lake.

The terrain around Chaerhan Salt Lake is flat, the whole lake seems to be a smooth mirror, and the clusters of salt flowers exposed on the water surface are like a series of beautiful collars. Looking from a distance, there is also a "Wanzhang Salt Bridge" floating on the brine in the salt lake. Tourists walk on the salt bridge, and the water and sky are the same, as if they were integrated into a beautiful landscape painting.

　　Today’s capital market has a huge amount of information.

　　During the downturn of the stock market, Vice Premier Liu He and the leaders of the NPC and CPPCC made their voices in the official media successively, with high specifications and quite consistent pace. They responded to social concerns about the current economic and financial focus (especially the stock market issue) and gave many important judgments and measures, which were highly instructive.

　　The market also seems to be "a long drought meets rain", and A shares have ushered in a long-lost surge. Let’s take a look.

　　cause

　　The Shanghai Composite Index dropped from the highest point of 3,587 in January this year to the lowest point of 2,449 this morning, dropping more than 1,100 points, nearly one third, and the market value of many stocks was below 1 billion yuan. Shareholders joked, "the stock market is this thing, Audi goes in and Alto comes out; Buffett goes in and Hobbit comes out. "

　　Under the joke, it revealed the sadness of investors. Last Sunday, Chairman Liu Shiyu of the China Securities Regulatory Commission talked with investors and used "the spring of the stock market is not far away" to cheer up the market.

　　However, market participants also said that "spring is not far away, but many enterprises can’t survive winter", which represents the general aspiration of the market. Since the beginning of this year, the financing difficulties of private enterprises and the frequent "explosion" of the equity pledge of major shareholders of private listed companies have caused the market confidence to collapse and attracted the attention of the regulatory authorities.

　　China’s stock market fell sharply, which was influenced by many uncertain factors. Liu He summed it up with four reasons:First, external factors; Second, internal structural factors; Third, expected changes; Fourth, market technical factors.

　　From the external factors, Sino-US trade frictions have been repeated, the central banks of major countries such as the United States have stepped into the interest rate hike cycle, and global stock markets have significantly adjusted back in the near future. Domestically, the task of economic restructuring has not yet been completed, and the year-on-year GDP growth in the third quarter has also slipped to 6.5%. The development of private economy and the protection of property rights have yet to be implemented.

　　From the voice of the regulatory authorities, targeted measures have been taken on specific issues such as "equity pledge financing business risk", "private enterprise financing" and "market long-term capital source". It is worth noting that under the leadership of the State Council Financial Stability Committee, the coordination of supervision has been greatly enhanced, which is refreshing.

　　Specifically.

　　measure

　　Everyone must be deeply impressed by the "skyrocketing" and "plunging" in the abnormal fluctuations of the stock market in 2015. After the deleveraging of the stock market in recent years, the scale of over-the-counter fund-raising and financing has decreased greatly, but the "leverage" mode of "equity pledge" is still an important financing tool for the major shareholders of listed companies.

　　Once leveraged funds encounter market volatility, it will aggravate market volatility. Simply put, this process is "stock price decline — Burst positions — Investor confidence is frustrated — — Aggravating the vicious stampede of stock price decline.

　　This is also the "technical factor of the market" pointed out by Liu He.

　　According to the statistics of a securities company, as of October 17th, there were 2,423 major shareholders of listed companies in Shanghai and Shenzhen stock markets, accounting for 68.2% of all A-shares, with a total market value of 3.9 trillion shares pledged and a total market value of 985.2 billion yuan of open positions. The major shareholders were suspected to have touched the market value of closed positions of 2.95 trillion yuan.

　　It can be seen that there are many companies close to the liquidation line, and the potential risks are greater. In response to the "risk of equity pledge financing", Guo Shuqing, Chairman of China Banking and Insurance Regulatory Commission, asked "banking financial institutions to scientifically and reasonably manage the risk of equity pledge financing business and take appropriate measures to handle it safely."

　　Recently, after Shenzhen invested tens of billions of dollars to help listed companies, Guangzhou, Beijing and other places introduced measures to solve the problem of equity pledge of listed private enterprises, which provided "timely assistance" for high-quality listed companies, especially private high-tech enterprises.

　　The CSRC paid more attention to the reform of the basic market system, and put forward seven measures, such as formulating the Administrative Measures for Private Equity Management of Securities and Futures Operating Institutions, improving the share repurchase system of listed companies, deepening the market-oriented reform of mergers and acquisitions, promoting the reform of the New Third Board system, and increasing the support for the listing of scientific and technological innovation enterprises.

　　To save the market, not all listed companies have to save it. Some "junk" companies still need to be cleared to make the market more effective. Liu He said that the adjustment and clearing of the stock market is creating good investment opportunities for its long-term healthy development.

　　private enterprise

　　The speech of the top management reflects the care for private enterprises. Although financial policies have always been beneficial to the release of private enterprises, there are still many "obstacles" in the transmission of actual funds to private enterprises.

　　In terms of importance, the private economy plays an important role in the whole economic system, contributing more than 50% of tax revenue, more than 60% of GDP, more than 70% of technological innovation, more than 80% of urban employment, and more than 90% of new jobs and enterprises.

　　In view of the social anxiety about private enterprises, Liu He reiterated his adherence to the "two unswerving" principle. On the one hand, he unswervingly consolidated and developed the public sector of the economy, on the other hand, he unswervingly encouraged, supported and guided the development of the non-public sector of the economy.

　　Liu He also cleared up the misunderstandings and deviations in the actual implementation process. "For example, the business personnel of some institutions think that it is safe to provide loans to state-owned enterprises, but it is politically risky to provide loans to private enterprises, so they would rather not do anything and not make political mistakes. This kind of understanding and practice is completely wrong. We must understand this issue from the perspective of politics and the overall situation. "

　　If Liu He is pointing out the general direction, the two sessions are concrete implementation.

　　Yi Gang, the governor of the central bank, proposed three ways to solve the financing difficulties of private enterprises, namely: (1) bond financing and providing credit enhancement services; (2) equity financing; and (3) supporting commercial banks to provide credit to private enterprises.

　　The CSRC focuses on strengthening services from the capital market, which is also three measures: (1) enhancing the financing service function of the GEM and the New Third Board; (2) encouraging all kinds of asset management institutions to participate in mergers and acquisitions of private listed companies; and (3) using various debt instruments to solve the problem of difficulty in issuing bonds.

　　fund

　　The recovery of the stock market is inseparable from the "liquidity factor", that is to say, where does the "money" come from?

　　In the first half of this year, regulatory documents such as the "New Regulations on Asset Management" made strict regulations on the entry of asset management products and funds into the stock market. However, under the current situation, the regulatory rules have been eased and improved to some extent: (1) the public wealth management products issued by bank wealth management subsidiaries are allowed to directly invest in stocks; (2) Do not set the sales starting amount of wealth management products; (3) Individual investors are not required to purchase wealth management products for the first time for face-to-face signing.

　　This means that the threshold of financial management is adjusted. Billion-scale bank financial management is a potential capital to enter the market, which is conducive to stabilizing stock market expectations, but investors should also have the awareness of "taking risks at their own risk".

　　For a time, insurance funds "made waves" in the stock market. It is undeniable that insurance funds have the advantage of long-term stable investment. China Banking and Insurance Regulatory Commission’s latest attitude is: "Increase the financial nature of insurance funds and strategically invest in high-quality listed companies, and allow insurance funds to set up special products to participate in resolving the liquidity risk of stock pledge of listed companies, and not to be included in the supervision of equity investment ratio."

　　This time, market supervision must keep up.

　　confidence

　　Does the favorable admission of funds mean that the stock market can be "immediate"?

　　Throughout the high-level speech, it conveys the meaning of "stable expectations". No matter from the laws of the market itself, or investors’ expectations, economic fundamentals, etc., there is no basis for a sharp rise.

　　From the perspective of opportunities, Liu He believes that "the bubble of listed companies has been greatly reduced, the quality of listed companies is improving, and the valuation is at a historical low. Therefore, many institutions suggest paying close attention to the China stock market and think that the China stock market has a high investment value."

　　He also reminded everyone, "I believe investors will make rational judgments."

　　When the policy bottoms out, the market will also grind the bottom repeatedly.

　　From the perspective of the real economy, China’s economy is still in the "three-phase superposition" stage, and some enterprises are facing some difficulties. This is precisely the stage where entrepreneurs can make great achievements. Entrepreneurs with courage, vision and courage should take the lead and live up to expectations.

　　Liu He told everyone that the China government will create an equal environment, strengthen the rule of law, strengthen the protection of property rights and intellectual property rights, adhere to the basic economic system, and deepen reform and opening up. There is no reason why we should not be full of confidence in the broad prospects of China’s economic development. "Now is a critical moment when actions are better than a dozen programs. All aspects should be implemented more vigorously, with a stronger sense of responsibility, dare to take responsibility, act quickly, and effectively introduce some specific policies to promote the healthy development of the stock market."

　　Wen Yaoding rides an ox.

All-media reporter Tan Faxin

Entering the twelfth lunar month, the pace of the Spring Festival is getting closer and closer, and handling new year’s goods and preparing for the reunion dinner has become a matter of concern to most citizens. Recently, the reporter visited a number of hotels and restaurants in the city and learned that before the New Year’s Eve, the reservation for New Year’s Eve dinner was "hard to find". Many hotels and restaurants were fully booked after the 24th day of the twelfth lunar month, and only a few halls had seats left.

Through the reporter’s visit, I learned that in addition to going out to eat the group annual banquet, many citizens choose to make the group annual banquet at home, and some also invite chefs and cooks to come to the door to serve and leave the group annual banquet at home, which not only saves trouble but also has the atmosphere of the New Year.

Reservation for the annual banquet of the restaurant group is "hard to find a table"

In order to seize the rare business opportunity of the Chinese New Year, the merchants took precautions, put up a publicity banner to book the annual banquet of the group one or two months in advance, and some even launched a series of preferential activities, making the idea of the Chinese New Year early. In anticipation of the Spring Festival, the citizens put the group annual banquet on the family’s important agenda early, and willingly "pay big money" for a comfortable year.

On January 10, Mr. Wang, who worked in a public institution in the city, was depressed. On the morning of the same day, he called six hotels in the city to book the group annual banquet, and they were all told that the reservation was full and only a few seats were available for reservation. "I didn’t expect that I couldn’t book it more than ten days in advance. It didn’t seem so popular in previous years?" Mr. Wang introduced that in the past two years, he and his family had a reunion dinner in the city hotel, and the booking time was equivalent to this year. Although the price of the banquet was higher than usual, there was no phenomenon that seats could not be booked.

"We don’t have a private room now. If we want to book the group annual banquet, we can only spell the table in the hall." The staff of a restaurant near the sewage treatment plant in Zhoucheng said that at the end of December last year, the reservation of the group annual banquet had already begun, and even the reservation hall should be "the first to strike first."

The staff of a large restaurant in Shinan Ancient City told the reporter that there were many people who booked the group annual banquet this year. As early as last October, someone called to make an appointment, but the hotel didn’t start accepting reservations until December. "The private rooms from the 24th to 28th of the twelfth lunar month have already been booked, and there are few big private rooms left at noon." It is understood that the restaurant began to have a holiday on the 29th of the twelfth lunar month.

The reporter found that compared with small private rooms and large private rooms, during the Spring Festival, thousands of families were reunited, and large private rooms were obviously more popular.

Family dinner chefs come to cook.

Do you want to eat New Year’s Eve at home or in a hotel? This is a problem. Eating at home has an atmosphere, but the food is more homely and it is also very troublesome to cook. Eating food and service in the hotel is good and easy, but there is no feeling of Chinese New Year more and more! "Many city residents began to consider the issue of reunion dinner.

As the Spring Festival approaches, the group annual banquets of major hotels and restaurants have already been booked out. Don’t worry, just buy a table of semi-finished reunion dinner home, or book a chef’s home service directly, without doing it yourself.

"When a chef cooks at home, he can enjoy the chef’s special service at home". The reporter visited and learned that there are not a few people who provide on-site service for the chefs of the group annual banquet. Some chefs usually pick up the business of cooking at home, but at the peak of the group annual banquet at the end of the year, orders are constantly coming, and some can’t accept orders because of schedule conflicts. Citizens only need to make a phone call to make a reservation, and determine the number of people to eat and the contents of the menu, so they can wait for the chef to cook at home. Some citizens are too busy to ask chefs to help them buy food.

In addition to booking a chef through usual contact, you can also invite a "cook" through a housekeeping company.

Liu Feifei, a citizen, works in an enterprise in could, so he can have a holiday on the 28th of the twelfth lunar month. In previous years, the group annual banquet could only be booked in the hotel. This year, she chose to do the group annual banquet at home. "I was busy with my work and didn’t have time to prepare. I heard that a friend usually invited chefs to come to the door for family dinners, so she tried to contact several chefs. After several times of communication, the chef’s schedule was finally confirmed. At noon on the 29 th of the twelfth lunar month, the chef was invited to make a group annual banquet. " Liu Feifei said, before eating the group annual banquet in the hotel, I always felt almost the atmosphere, so I had the idea of inviting the chef home. Unexpectedly, many citizens have the same idea. She contacted several chefs to determine the right time.

Why did you choose to invite a chef to cook at home instead of going directly to the hotel? Mr. Zhang said that on the one hand, it is more economical to have a family dinner, on the other hand, it is more convenient to invite chefs to visit and reduce waste. "All the ingredients are purchased by yourself, which is cheap and reassuring. Counting the remuneration for the chef saves a lot of money than in the hotel. Moreover, everyone also likes the atmosphere of reunion at home. "

"The raw materials of dishes can be purchased by customers themselves or given to us, because some ingredients, ingredients and sauces are difficult for customers to prepare at home, which will affect the taste of some dishes." Master Xie said that before, he used to cook and cook for others empty-handed. Now, many people try to save trouble and simply let them arrange the whole banquet.

The group annual banquet is a "lively and convenient"

The purpose of the vast majority of citizens booking the group annual banquet is very clear — — That is lively and easy.

Wang Yuchen, a 29-year-old citizen, said that he and his wife are both working in the company, and they are under great pressure at ordinary times, especially at the end of the year. Almost all the preparations for the Chinese New Year are carried out in a hurry. A few days ago, they were busy doing cleaning at home until late at night, so tired that their backs ached. Therefore, he decided to change the group annual banquet from home to the hotel. Although the cost is much higher, there is no need to prepare dishes a few days in advance and clean up after meals. The picture is convenient and easy, and you can take the opportunity to make time to chat with your family and free your wife from the tedious housework. "It is worthwhile to spend more money!"

Ms. Xiao, a citizen, said that in the hotel for the New Year, she can feel the joy and excitement of the Spring Festival. She believes that the Chinese New Year is to be lively, and it is very pleasant to have a reunion dinner in a happy atmosphere.

Liu Yuhang, who works in other places, just returned to Enshi on January 6th. As soon as he got home and put down his luggage, he rushed to a nearby hotel to book a table for the New Year’s party and informed his relatives and friends. He said that according to the usual practice in previous years, in order to spend the next year, he would go to various food markets and supermarkets to buy vegetables, chickens, ducks and fish, and then rush home with big bags, wash vegetables, kill fish and cook, and work hard for a while … … After eating a reunion dinner, he felt extremely tired from running around. This year, he decided to entertain relatives and friends in the hotel. Liu Yuhang told reporters with a smile, comparatively speaking, it is much easier to have a group dinner in a hotel, and it can relax the body and mind.

Topic: 60 years of classic China glory

The overall strength of the banking industry continued to increase.

　　Cartographic song song

　　Six years, just six years, the world has seen China’s financial industry in a completely different way.

　　Six years ago, in 2003, foreign power decided: "China’s banking industry is technically bankrupt and is a time bomb."

　　Today, six years later, foreign news lamented: "ICBC, CCB and BOC in China have become the three banks with the largest market capitalization in the world, and new leaders have emerged. China is not only a’ world factory’, but also a’ world bank’."

　　Different evaluations reflect the rapid development of China’s financial industry from one aspect.

　　"Finance is very important and is the core of the modern economy. Finance is well done, and everything is alive when you play chess. " Comrade Deng Xiaoping’s words brilliantly clarified the position of finance. Over the past 60 years, China’s financial industry has opened a new era in the cheers of the founding of New China, and achieved a historic leap in the spring breeze of reform and opening up, which is strongly supporting economic and social development and effectively meeting the financial needs of the people …

　　expand from a small to a large force

　　Form a complete financial system

　　Have an impressive world ranking

　　Zhao Haikuan, former director of the Financial Research Institute of the People’s Bank of China, visited Swiss banks in the 1970s. "They used machines and floppy disks to record data, while we used abacus and dip pen to keep accounts. The gap between floppy disk and abacus is too big. "Speaking of this, he changed his subject." However, now our bank’s equipment has reached the international first-class level! "　　

　　Zhao Haikuan is changing from a technical point of view. In fact, from the perspective of organizational system, China’s financial industry has undergone greater changes.

　　A multi-level financial institution system has gradually taken shape.

　　Before the reform and opening up, there was only one bank in China-China People’s Bank, which was both a central bank and a commercial bank. On September 17th, 1983, the State Council decided that the People’s Bank of China should exercise the functions of the central bank exclusively. Since 1979, China Agricultural Bank, China Bank, China People’s Construction Bank (renamed as China Construction Bank in 1996) and China Industrial and Commercial Bank have successively started business. In 1987, a number of new joint-stock banks such as Bank of Communications were established. In 1994, three policy banks were established to undertake the original policy business of four professional banks. By the end of June this year, China had more than 5,600 legal persons of various banking financial institutions.

　　The insurance industry has also moved from "one flower alone" to "full of spring scenery". At the beginning of reform and opening up, there was only one insurance company in China-China People’s Insurance Company. In the past 30 years, insurance institutions have grown from one to more than 120; The annual premium income jumped from less than 500 million yuan to 978.41 billion yuan in 2008. Yang Chao, president of China Life Insurance (Group) Company, still remembers that in order to adapt to the rapidly expanding business, in 1985, under the background of lack of professional talents, PICC China started the first training course. "They are all demobilized cadres in their forties, squatting on the curb at night and reciting insurance clauses."

　　The all-round financial market system has been accelerated.

　　The emergence of the capital market is a major breakthrough in the development of China’s financial market. On November 18th, 1984, Feile Audio became the first public offering stock. Qin Qibin, then the director of Shanghai Electroacoustics General Factory, recalled that at that time, with the improvement of people’s living standards, there was a great demand for audio equipment. He is thinking about raising money to expand audio production by issuing shares. "In September 1986, two stocks, Feile and Yanzhong, were traded on the counter in the Shanghai Jing ‘an Trust Business Department of ICBC. The place is very small and there are many people. I am very excited and think that someone really buys and sells our stocks! " Since then, the development of direct financing in China has been persistent and firm, and the capital market has become one of the landmark achievements in the process of China’s economic transformation from a planned system to a socialist market economic system.

　　In addition to the capital market, financial markets such as interbank lending market, insurance market, foreign exchange market and gold market are also developing continuously.

　　The professional financial supervision system has been continuously improved.

　　Before 1984, there was no financial supervision in the modern sense in China. Since 1984, the People’s Bank of China has been specializing in the functions of the central bank. Liu Hongru, former deputy governor of the People’s Bank of China, former deputy director of the State Commission for Economic Restructuring and the first chairman of the China Securities Regulatory Commission, recalled: "At that time, it was supposed to be called the Central Bank of People’s Republic of China (PRC), leaving the name of the People’s Bank to separate professional banks. Later, the party group of the People’s Bank of China discussed that, firstly, the RMB issued by the People’s Bank of China has been in circulation for many years, and it is difficult to change the banknotes. Secondly, the People’s Bank of China was established in 1948 and has been the only national bank for decades. If it suddenly becomes a professional bank, it will not be easily understood and accepted by people. Therefore, it was finally decided that the central bank should also be called the People’s Bank of China. "

　　Since then, the financial supervision system has been continuously deepened. In November, 1997, the securities institutions originally supervised by the People’s Bank of China were placed under the unified supervision of China Securities Regulatory Commission. In November 1998, the China Insurance Regulatory Commission was established. In 2003, the supervision function of banking financial institutions was separated from the People’s Bank of China, and the China Banking Regulatory Commission was established. So far, a financial management system of "one line, three meetings" has been formed.

　　After 60 years of grinding a sword, today’s China financial industry has a proud "world ranking": the total profit, profit growth and return on capital of the banking industry rank first in the world; The total market value of Shanghai and Shenzhen stock markets ranks third in the world; Premium income ranks sixth in the world.

　　"China’s financial industry plays an important role in the world. We hold more than $2 trillion in foreign exchange reserves and are the largest creditor of the United States. Any major financial problems in the world today, without the participation and cooperation of China, I am afraid it will be difficult to be properly resolved. " Zhou Zhengqing, former member of the Standing Committee of the National People’s Congress, vice chairman of the Financial and Economic Committee and former chairman of the China Securities Regulatory Commission, said.

　　Great changes come from the reform and opening up of the financial industry. In January, 2004, the State Council announced the decision of Bank of China and China Construction Bank to implement the pilot joint-stock reform, and the joint-stock reform of state-owned banks officially entered the implementation stage. Zhou Zhengqing recalled that in 2002, the non-performing loan ratio of four state-owned banks reached 25.12%, far higher than the international risk level of 5%; The average capital adequacy ratio is only 4.25%, which cannot meet the international regulatory requirements of 8%. Now, the non-performing loan ratio of major banks has dropped to 6.01%, and the weighted average capital adequacy ratio of commercial banks is as high as 12%. These indicators are among the best in the world.

　　From light to heavy

　　From Treasury to Economic Core

　　Support development and regulate economy.

　　"In the early 1980 s, most of the banks were on the high side, and enterprises had to take the initiative to find everything. As soon as you look at the counter, you will know that it is much higher than half a person, like a pawnshop, "said Lu Keping, chairman of Jiangsu Sunshine Group." Now, the height of the counter has come down and the service level has gone up. Banks often go to the door to conduct business, and the support for enterprises and the economy is too great! "

　　Zhao Haikuan said that in the 30 years before the reform and opening up, the role of the financial industry in China’s economy was mainly manifested in two aspects: First, an independent, independent and unified RMB standard system was established, ending the chaotic history of China’s monetary system in the past 100 years; First, raise social idle funds to support socialist economic construction.

　　"However, under the condition of planned economy, the bank is just an accountant, cashier and vault, and has not really played the role of a bank. Finance really plays the core role of modern economy in the 30 years after the reform and opening up. " Liu Hongru said frankly.

　　The "core" role of finance is first manifested in supporting the economy. Banking "blood transfusion" economy. From 2003 to 2008, the balance of bank loans increased by 16.5% annually. In the first half of this year, the bank’s new loans reached 7.37 trillion yuan, which played a vital role in promoting economic stabilization and recovery.

　　The securities industry boosts the economy. "As long as the organization is properly used, the capital market can play many positive roles in promoting economic development," Zhou Zhengqing said. For example, it is conducive to continuously and stably raising long-term funds. By the end of July this year, the domestic capital market had raised 2.5 trillion yuan for corporate stocks and 2.9 trillion yuan for bonds. Another example is that it is conducive to the concentration of social resources to high-quality enterprises. From 2003 to 2007, the control rights of nearly 600 listed companies changed.

　　The insurance industry stabilizes the economy. In the past five years, the average annual compensation for natural disasters in the insurance industry has reached 72.5 billion yuan, about 10 times that of government compensation and other forms of compensation.

　　The "core" role of finance is also manifested in regulating the economy.

　　After 1984, the People’s Bank of China actively carried out financial macro-control, which effectively curbed inflation in 1984, 1988 and 1992-1993. In 1998, the People’s Bank of China began to use a combination of monetary policy tools consisting of open market operations, deposit reserve ratio, rediscount, refinancing and interest rates.

　　Since then, the words "raising interest rates" and "raising the deposit reserve ratio" have gradually become familiar to the public, and financial regulation has frequently appeared on the economic stage: in response to the Asian financial crisis, the People’s Bank of China has implemented a prudent monetary policy and appropriately increased the money supply; Since 2003, the People’s Bank of China has raised the deposit reserve ratio 15 times, the benchmark interest rate for deposits 8 times and the benchmark interest rate for loans 9 times, thus preventing a new round of inflation and economic ups and downs. In the face of the once-in-a-century international financial crisis, in accordance with the decision-making and deployment of the CPC Central Committee and the State Council, the People’s Bank of China implemented a moderately loose monetary policy, comprehensively implemented and enriched the package plan and related policies and measures to stimulate the economy, and promoted economic stabilization and recovery …

　　From far to near

　　More and better financial services.

　　Fly into the families of ordinary people

　　When Aunt Yuan, 58, joined the work 37 years ago, there were few bank outlets. "It takes half an hour to go there, and there is a long queue to get there. It takes a long time to save a few dollars." Aunt Yuan said that it is much more convenient now. There are four outlets such as ICBC and China Merchants Bank in her community alone, as well as a 24-hour self-service terminal. The deposit and withdrawal can be done in one minute. "I also opened online banking, so I can pay, transfer and pay without leaving home!" 　　

　　Over the past 60 years, especially since the reform and opening up, China’s financial industry has "flown into the homes of ordinary people" and has become more and more closely connected with the people.

　　The banking service is even better. Bank outlets are scattered all over urban and rural areas, and there are more than 80,000 outlets in only four state-owned banks. "In the past, going to the bank was to deposit and withdraw money. Now, utilities, telephone bills and gas bills can be paid at the bank, and you can also buy various wealth management products there." Aunt Yuan said.

　　There are more securities services. In August 1992, about 1.5 million people flocked to Shenzhen from all over the country to snap up the application form for subscription of new shares to be issued soon. There were not enough porridge, and finally I had to issue an application form for subscription, which calmed the once out-of-control situation. This is the famous "8.10" incident in Shenzhen.

　　Nowadays, no matter stocks or funds, it has become a common way for people to invest and manage money. By the end of July this year, stock investors had opened nearly 133 million accounts and fund investment accounts had exceeded 178 million.

　　Insurance services are more familiar. When the domestic insurance business was resumed in 1980, there were only a few types of insurance, and most people were unfamiliar with insurance. Today, more than 1,000 kinds of insurance products protect people’s lives from the wind and rain, covering thousands of households with risk protection.

Editor: Xu Guimei

From December 2 nd to 9 th, Su Feng, deputy head of Yantian District, led a Yantian economic and trade exchange delegation (hereinafter referred to as the "exchange delegation") to Britain and Italy to carry out investment promotion, economic and trade exchanges and project docking, jointly explore new opportunities for development, and reach cooperation intentions with many institutions and platforms in the fields of digital creativity, top hotels, theme parks and yacht industry.

　

First stop

Britain

After the delegation arrived in the UK, they intensively visited London Canary Wharf Group, Frameless Creative Digital Art Center, Intercontinental Group, Farzade Consulting Co., Ltd., British Maritime Federation, Merlin Entertainment Group and other places, and successfully held cooperation and exchange meetings to comprehensively publicize the high-quality business environment, investment promotion policies and development achievements of cultural tourism industry in Shenzhen and Yantian District, and comprehensively display the development potential and advantages of regional key industries.

During the exchange and cooperation in the UK, the delegation visited London Canary Wharf Group at the first stop. Canary Wharf was once a famous wharf in London. It stopped operation in 1980. After transformation, it has become a famous business center in Europe and even the world, and is the global or European headquarters of more than 100 large banks, professional service companies and media organizations. The delegation learned more about the experience of Canary Wharf Group in wharf reconstruction planning and investment promotion, provided reference for Yantian Port wharf regional reconstruction project, and established good communication channels with it, so as to gain more cooperation opportunities in commercial trade and port tourism.

On December 3rd, the delegation visited the ——Frameless Creative Digital Art Center, the largest permanent digital art gallery in Britain. The center was converted from an abandoned cinema, and four unique galleries were filled with self-created artworks and entertainment products. With more than 479 million pixels and 1 million lumens of optical fiber, the traditional artistic experience was raised to a new height. During this period, the delegation had a discussion with Mr. Richard Relton, CEO of Frameless Creative Digital Art Center. Mr. Richard Relton expressed the hope to build the first frameless art experience space in China in Yantian, and discussed with the delegation the possibility of cooperation in digital products, facilities and equipment, training and operation, and digital creativity.

As the world’s largest and most widely distributed professional hotel management group, Intercontinental Group has 19 internationally renowned brands including Intercontinental, Crowne Plaza and Holiday Express, 6,261 hotels and over 100 million members, and has more than 60 years of international hotel management experience. During the visit, Mr.Matt Walton, head of the Western European market of Intercontinental Group, introduced the overall situation of the group to the delegation, focusing on the development and new brands in the past 12 years. The delegation introduced the measures and spatial planning of "building a desirable and world-famous top hotel cluster" in Yantian, and the two sides initially screened out eight brands that matched Yantian’s resource endowment, such as SIX SENSES, REGENT, KIMPTON, Huayi and VOCO. At the same time, the delegation communicated with the manager of VOCO Hotel in Milan to fully understand the hotel’s upgrading, positioning, development and operation, and invited Intercontinental Group to make an on-the-spot investigation in Yantian.

Farazard Consulting Co., Ltd. is a subsidiary of Farazard Investment Group, which focuses on providing professional and structured guidance for multi-purpose real estate investment institutions, focusing on hotels, consulting, in-depth market analysis and feasibility reports. Its business covers five continents, with operations in Britain, Europe, the Middle East, Asia-Pacific, Australia and the United States. During the visit, the delegation held talks with Mr. Korosh Farazad, CEO of Farazad Consulting Co., Ltd. to introduce Yantian’s industrial development and location advantages, understand its international experience in global hotel development and management consulting, explore the possibility of consulting and investment cooperation between the two sides in luxury hotels, lifestyle hotels and other hotel projects, and promote more hotel brands to enter Yantian.

Next, the delegation visited the British Maritime Union. Located in Southampton, the Federation has held 55 yacht shows, each attracting 100,000 visitors and generating 24 million pounds (220 million RMB). Since 2015, it has been in charge of consulting services for the Abu Dhabi Yacht Show, which has advantages in race planning, business planning and consulting services. The British Maritime Federation expressed great interest in developing the yacht industry in Yantian. During the visit, the delegation had a discussion with Lesley Robinson, CEO of the British Maritime Federation, and Mark Ring, director of the exhibition, to introduce the situation of Yantian sea area, dock construction planning, the development of yacht clubs and the holding of water sports events. At the same time, they learned more about the role played by the British Maritime Federation in yacht exhibitions, and learned from its advanced practices in promoting the operation and management of yacht exhibitions and water sports as an NGO. The two sides conducted in-depth exchanges and reached a consensus on the cooperation of international yacht exhibitions and the joint holding of water events in the large and small Meisha waters.

In addition, the delegation also visited Merlin Entertainments Group. The Group is a well-known high-quality home entertainment attraction operating company in the UK and the second largest tourist attraction operating company in the world. There are 147 different amusement parks in the world, 40 of which are in China, and its subsidiaries include Lego Theme Park, Madame Windsor Wax Museum, Aquarium and other projects. During the discussion with Mr. COO John Jacobson, Lego Resort of Merlin Entertainment Group, the delegation deeply understood the global strategic layout of Merlin Entertainment Group and its IP projects for cultural tourism, as well as its current development and future planning in China. At the same time, they promoted Yantian’s policy of enriching mountain and sea resources and cultural tourism industry, actively explored the cooperation mode between the two sides in cultural tourism projects, and invited Merlin Entertainment Group to pay a return visit and conduct on-the-spot investigation in Yantian, further promoting the in-depth cooperation between Merlin Entertainment Group and cultural tourism enterprises such as OCT and xiaomeisha in the east of Yantian.

On the afternoon of December 4th, the delegation successfully held the "China (Shenzhen Yantian)-UK (London) Economic, Trade and Cultural Tourism Cooperation Exchange Conference" in London. This cooperation and exchange meeting was held in the conference room of the House of Lords in the UK. Senator Mark Logan attended the meeting and delivered a speech to witness the signing of the contract.

At the meeting, the delegation comprehensively introduced the excellent business environment and unique modern industrial system in Yantian District, explained in detail the implementation plan of building a world-class coastal tourist destination in Yantian District and the construction plan of xiaomeisha, and signed a memorandum of cooperation with representatives of Framelless Frameless Creative Digital Art Center, Farzade Consulting and Investment Company, British Maritime Federation and British Return International Business Co., Ltd. on the spot to promote the gathering of cultural and tourism industry resources and help Yantian build a world-class coastal tourist destination.

The second stop

Italy

On December 5th, the delegation visited Procuratie Vecchie (the old administrative building), Valenza town and its jewelry innovation center, Italian yacht club, and had a discussion with the Italian-Chinese Chamber of Commerce and the Italian China Council Foundation.

Procuratie Vecchie (Old Administration Building) is an important exhibition venue for each Venice Biennale. As a successful case of transforming a classic building into a business, cultural tourism, art and office center, it can provide experience for the construction of Yantian city, the biennial of the two cities and the creation of characteristic art landmarks.

Valenza is the most important jewelry and gold craft center in Italy and Europe. During the visit, the delegation learned about the development of Valenza town as the birthplace of jewelry craft, visited the workshop of jewelry brand IL DIAMANTE, and introduced the development of Yantian jewelry culture and fashion industry and Guangdong-Hong Kong-Macao Greater Bay Area market. At the symposium, the two sides discussed brand output and talent training, and provided many inspirations for Yantian to develop jewelry industry tourism, jewelry exhibition and high-end customization, push the gold jewelry industry to the high end of the value chain, build the gold jewelry headquarters corridor and the global brand of "Yantian Jewelry Design" and build a fashionable area.

Italy Yacht Club is one of the oldest sailing clubs in the Mediterranean. It holds Venice Yacht Show and sailing activities in the city every year, which fully displays Venice’s urban civilization and ancient buildings. It has a long history and is full of honor. Through exchanges between the two sides, a yacht exhibition and sailing platform will be built to accumulate resources for Yantian to hold related large-scale international exhibitions and events.

The Italian-Chinese Chamber of Commerce is the only national joint chamber of commerce between Italy and China approved by the Italian Ministry of Economic Development and affiliated to the Italian Chamber of Commerce. It has been committed to promoting the development of economic relations between Italy and China. The exchange delegation held discussions with relevant member units in the fields of low-altitude economy, water sports and commerce and trade, and gained an in-depth understanding of the cooperation between member units in China’s economy, trade and tourism, especially the cooperation with and investment in Shenzhen. The delegation introduced Yantian’s advantageous industries and industrial policies to the participating enterprises, welcomed overseas enterprises to invest and develop Yantian, and hoped that the Italian-Chinese Chamber of Commerce would actively dock resources for Yantian and help build the Shenzhen-Hong Kong International Consumer Cooperation Zone in Sha Tau Kok. At the meeting, the delegation reached a strategic cooperation consensus with the Italian-Chinese Council Foundation and signed a memorandum of cooperation.

　

On the afternoon of December 7th, the delegation successfully held the "China (Shenzhen Yantian)-Italy (Milan) Cooperation and Exchange Meeting on Economy, Trade and Cultural Tourism". During the symposium, the delegation held discussions and exchanges with the heads of the Water Sports Federation, yacht companies Delta Interior and Delta Automotive on the promotion of business environment and the development plan of cultural tourism industry in Yantian District, creating opportunities for exchanges and cooperation between Yantian and Italian economic and trade enterprises, and promoting in-depth cooperation between the two companies in the fields of cultural tourism innovation, digital fashion and economic and trade cooperation.

Attracting investment and attracting talents is the most important support to promote high-quality development and realize the transformation of old and new kinetic energy. The exchange delegation visited three cities in two countries and conveyed confidence and sincerity in high-quality development. Many overseas leading enterprises in cultural tourism expressed strong interest and intention in investing in Yantian District.

In the next step, Yantian District will promptly follow up the achievements of foreign investment, build a matching carrier for attracting resources based on the leading enterprises’ driving effect, strongly support the landing of high-quality project resources, actively create a first-class business environment, fully support the landing of high-quality project resources, and join hands with all salt investors to seek common development and win-win cooperation in the future.