Yesterday afternoon, an accident occurred at a rail transit construction site on Nanbin Road, Nan ‘an District. Hundreds of square meters of ground in the construction site suddenly collapsed, and underground gas and tap water pipelines were pulled off. Due to the gas leakage, a fire was also ignited.

At four o’clock in the afternoon, some citizens found that there was an abnormal sound coming from the construction site of this rail transit, and soon a raging fire broke out.

Witnesses said that after hearing the abnormal sound, they saw a large area of ground collapse in the construction site, and the gas pipes and water pipes located in the collapsed area were broken one after another.

It is understood that after the incident, this area of Nanbin Road stopped water and gas. According to the on-site construction personnel, there were signs of ground subsidence at that time, and the workers had already evacuated.

The repair personnel said that the gas pipeline has been repaired and the gas supply in the residential area has basically resumed. The water supply pipeline is being welded at the end, and the normal water supply can be fully restored at night. According to reports, no one was injured in the accident and the cause of the accident is still under investigation.

CCTV News:According to the website of the Central Meteorological Observatory, the center of the No.4 typhoon "Taili" (a strong tropical storm) this year is located at 9: 00 am today (16th) in the northeast of the South China Sea, about 660 kilometers south-east of Zhanjiang City, Guangdong Province, China, which is 18.9 degrees north latitude and 116.2 degrees east longitude. The maximum wind force near the center is 10 (25m/s), and the lowest pressure at the center is 985 hectopascals.

It is estimated that "Taili" will move northwest to north-north at a speed of about 15 kilometers per hour, and its intensity will gradually increase. It will land on the coast from Taishan in Guangdong to Wenchang in Hainan on the night of the 17th (typhoon level or strong typhoon level, 35-42m/s, 12-14), enter the Beibu Gulf on the 18th, and then move towards the northern coast of Vietnam.

Gale forecast: From 14: 00 on July 16th to 14: 00 on July 17th, there will be 6-7 winds in most parts of the South China Sea, coastal areas of Guangdong, eastern Beibu Gulf, Xisha, Zhongsha, Nansha and Huangyan Island, 8-10 winds in some sea areas in the central and northern South China Sea and near Dongsha, 11-12 winds in the sea areas and islands where the typhoon center passes, and 13-14 gusts.

Precipitation forecast: From 14: 00 on July 16th to 14: 00 on July 17th, there will be moderate to heavy rain in parts of southern and northern Guangdong, Hainan Island, southeastern Fujian, central and southern Jiangxi and southern Taiwan Province Island, among which there will be heavy rain or heavy rain (100-160mm) in Hainan Island, southern Leizhou Peninsula and southern coastal areas of Guangdong.

introduction

In the first two weeks, Xiao Bian took stock of the list of quick oil change and quick repair and quick maintenance chains in the United States.Some enthusiastic readers left a message saying that they hope to have another issue dedicated to introducing the American accident car maintenance chain. Well, this is the introduction.

Executive summary:

• The Big Four are currentlymainofThe growth means is to buy small accident car maintenance chain;

• It is estimated that before 2021,The Big Four will cover 45% of the American accident car repair market;

• The speed of merger and reorganization slowed down, and the giants began to consider purchasing strategic clusters;

• technologyinnovateIs playing a role in promoting market changes;

• outletsDiversified transformation will become the norm.

A brief introduction to the top 10 accident car maintenance chains in the United States

1. Boyd group,One of the four giants of the American accident car maintenance chain,Founded in 1990 and headquartered in California, USA,It owns Boyd Autobody & Glas,Gerber Collision & Glass andOther accident car maintenance chain.about4,170 employees,the year of 2016The annual output value is578.3 million dollars,haveMore than 400Direct sellingStore.

Its latest acquisition list is:Assured Automotive, Craftmaster Auto Body and Champ’s Holding Company, LLC.

Gerber, who was famous then, is now.A subsidiary of Boyd group,Founded in 1937, headquartered in Illinois, USA, aboutThere are 498 employees,the year of 2016The annual output value is50 million dollars.

Its latest acquisition list is: Faith Autobody Repair Centers..

2. Service King，One of the four giants of the American accident car maintenance chain,Founded in 1976, headquartered in Texas, USA, with about 4,686 employees,the year of 2016Annual output valuefor549 million dollars, with more than 300 direct stores.

Its latest acquisition list includes: First Impressions Collision, Inc., The Body Shop Collision Center and Auto World Paint and Body.

In addition, there were rumors in the first half of this year.Service KingWill soon be acquired, I wonder if it is true.

3. ABRA，One of the four giants of the American accident car maintenance chain,Founded in 1984, headquartered in Minnesota, USA, with about 613 employees,the year of 2016Annual output valuefor100 million dollars, with more than 300 stores, direct sales+joining.

Its latest acquisition list includes: Lehman’s Garage, MGM Collision South, Inc. and Keenan Auto Body..

4. Caliber Collision, one of the four giants of the American accident car maintenance chain,Founded in 1997, headquartered in.United States of AmericaTexas,about6,444 employees, 2016The annual output value is89 million dollars, with more than 500 direct stores.

CalibeR Collision’sThe latest round of financing was in 2013.Raised $60 million, and the main investor was Penfund.

thatThe latest acquisition list includes：Collision care auto body centers Inc., Craigs Collision Ctr and Automotive Collision Tech.

5. MAACO，Founded in 1972,A subsidiary of Driven Brands,Headquartered in North Carolina, USA,Franchise mode. general headquartersaboutThere are 65 employees,the year of 2016Annual output valueIt is $91 million and has more than 500 franchise stores.

Its latest acquisition list is: Spray Glo Auto Refining & Body Repair and 1-Day Paint & Body Centers, Inc.

6. CARSTAR，Founded in 1989, a subsidiary of Driven Brands, headquartered in Kansas, USA,Franchise mode. general headquartersabout306 employees,the year of 2016Annual output value23.2 million US dollars, with more than 500 franchise stores in the United States and Canada.

7. Fix Auto，Founded in 1997, headquartered in Blainville, Canada, it began to implement franchise mode (joining) in the United States in 2011. The number of stores is unknown, and the annual output value is unknown.

Its latest acquisition list is:Novus Glass, Speedy Glass and Speedy Corporation.

8. Joe Hudson，Founded in 1989, it is a family business with 56 direct stores, with unknown number of employees and annual output value.

9. Cooks Collision，　Founded in 1979, headquartered in California, 39Direct sellingShop,The number of employees is unknown and the annual output value is unknown.

10.　Classic Collision，Founded in 1983, currently19Direct sellingStore, located in Atlanta, family business,The number of employees is unknown and the annual output value is unknown.

2. The latest development of accident car maintenance chain in the United States

Last week, Vincent Romans, CEO of Roman Consulting Company, expressed his latest views on the accident car maintenance industry in the United States at the seminar on the development of accident car maintenance chain in Chicago Auto Show.

1. The market in the next five yearspredict

Vincent predicts that before 2021, the market share of the above-mentioned four giants, such as Boyd Group, will continue to grow, covering nearly 45% of the American accident car repair market, equivalent to a share of $16.7 billion (he estimates that the share of the entire accident car market segment is about $37.6 billion).

There are also 55% shares belonging to those small chain stores and single stores.

Vincent said: "We are now at another stage of the industry.Industry consolidation continues, but the speed has obviously slowed down. The Big Four are in no hurry to buy small chains at this stage.Instead, we are considering purchasing strategic clusters. "

"The market is currently in a temporary equilibrium state," Vincent said. "However, in the next two or three years, we will have another large-scale market contraction."

"At present, all kinds oftechnologyInnovation is playing a driving role, "Vincent said.

Diversified transformation in the industry will become the norm, which will lead to various simple and complex partnerships, alliances and market segments will be integrated.

2. Market conditions affecting the industry

At the meeting, Vincent cited various market conditions that affected the industry: stores increased DRP；; Advanced driver assistance system and automatic driving technology; Remote information processing; Supply chain integration;Alternative assessment model of margin pressure;predictive parsing;Photo evaluation;Main engine factory; The speed of technical iteration;Population, urbanization and changing lifestyles, etc.

3. Private equity players also join in the fun.

Private equity funds have also entered the PBE supply chain.VincentIt is mentioned that PNC RiverArch Capital acquired Painter’s Supply, 21 of which are located in Michigan, Ohio and Indiana. Driven Brands cooperated with many private equity groups to establish a wider MSO (multi-store operation, which means chain operation) group franchise network in its Maaco and CARSTAR.

If they come together, it may not have that great influence, but together, they can be very powerful.VincentSay.

The above is a brief introduction to the American accident car maintenance market at this stage.

The year 2008 is a transitional ceremony of time renewal.

Say goodbye to the old year and enter the new year, and the time for a new cycle of four seasons will be regained, and human life will also enter a new journey. As the saying goes in China, "Nian" is called "Nian Guan", which inevitably reveals the meaning that it is not such an easy time threshold to pass the Chinese New Year.

China is rich in old customs, and there are also many taboos, which need people to treat and practice respectfully. Old people will say, "Chinese New Year is done day by day". The following "Chinese New Year’s Guide" is to take you through the Chinese New Year and teach you how to make the "Year" go by day.

New Year’s Eve: Say goodbye to the old, get rid of the special, and keep the lights on.

New year’s eve dinner The original hand-drawn painting is from the National Festival Handbook, Shanghai Museum (ed.), published by East China Normal University Press in April 2016.

The "year" of the ancients is more like a time pass that needs to be handled carefully than our current "year". According to Lu’s Spring and Autumn Annals and Ji Dong Ji, during the Zhou and Qin Dynasties, people used drums to drive away "ghosts of epidemic diseases" on the day before the New Year to ensure the safety and health of the next year, which was called "eviction", so the evening (evening) of this day was called "New Year’s Eve". The earliest mention of the name "New Year’s Eve" is the "Notes on Local Customs" written by Zhou Chu in the Western Jin Dynasty, in which it is said: "Late years are related to feedback, which is called feedback. Wine and food are invited for another year. On New Year’s Eve, Da Dan didn’t sleep, which was called keeping the year. " Therefore, the so-called "New Year’s Eve", the old year will be removed this evening, and the new year will be replaced tomorrow. Its core words are "farewell to the old" and "removing the special". Su (su), that is, ghosts and demons.

Posting blessings, couplets and New Year pictures. The source of original hand-drawn drawings is the same as above.

During the day of New Year’s Eve, we will start to do the work of "removing the old and creating the new": we should go to the house to clean up the family; Adults and children bathe in turn, which is called "washing the old"; There are also "changing door gods, hanging clocks, nailing peach symbols and sticking spring cards", which means that door couplets, New Year pictures, blessings and the like must be replaced with new ones; If there are patients at home, the leftover dregs need to be thrown out, which is called "losing all diseases".

In the evening, when everyone sits together to have a New Year’s Eve dinner, it pays more attention to auspicious meaning. The essential food for northerners is jiaozi, which means "making friends at a younger age" when the new year and the old year alternate. Southerners eat spring rolls, rice cakes and the like, and the meaning of rice cakes is "high every year". There are also some auspicious foods, such as "fish with more than one year", "Nostoc flagelliforme" and water chestnut, which are also popular among people in Jiangsu and Zhejiang provinces because they look like ingots.

Step on the age. Original hand drawingThe source is the same as above.

After the New Year’s Eve dinner, "Shounian" is not just sitting around, but also some interesting activities for recreation. For example, the popular "stepping on the old" in the northern region is to sprinkle sesame stalks on walking places such as courtyards, so that children can crush them and crack them, and the ghosts around them will be scared away. "Stepping on the old age" is actually "stepping on the precious". Similarly, the lucky money is actually "precious". In the era of using copper coins, lucky money should be threaded with brown rope, braided into a dragon shape and placed at the foot of a child’s bed.

On New Year’s Eve, one thing needs to be noted: the lights of vigil should stay on all night. As the folk saying goes, "Thirty fires, fifteen lights", it is the best way to drive away evil spirits with light!

From the first day to the fourth day: welcome the new year and celebrate the New Year, and keep taboos.

On New Year’s Day, we should get up early to welcome the new year. Because we have to set off firecrackers, go out to meet XiShen, and there are good men and women who want to go to the temple to burn incense at the age of four.

When the cock crows, firecrackers are set off first, and its intention, according to the "Record of the Age of Jingchu", is "to make the mountain ashamed of evil spirits". And "welcoming XiShen" means walking and worshipping Kyrgyzstan as mentioned in the almanac, and asking XiShen to bless himself at the age of one. In Shanghai, it’s also called "Happy God’s Prescription".

Happy new year. The source of original hand-drawn drawings is the same as above.

"Happy New Year" is an important theme at the beginning of the year. There is an order for New Year greetings. As far as folk families are concerned, the first is to worship the gods and ancestors, the second is to worship the elders and elders, and then the members of the family worship each other.

There are two points worth noting about New Year greetings. First of all, the traditional custom is to pay New Year greetings only at home on the first day, and not to go out to visit relatives and friends until the second day. Secondly, don’t make a mistake in the "bowing hand" ceremony in New Year’s greetings-China culture respects the left and takes the left as the yang, so when bowing, you need to make a fist with your right hand, palm your left hand, or wrap or cover your right fist. This bowing gesture is "Jibai"; On the contrary, it is fierce worship and can be used for mourning.

The first day is the first day of the new year, and people all hope that everything will go smoothly at the beginning of the year, which is a good sign. Therefore, there are many taboos on this day, and they often can’t be broken until the fifth day:

1. Avoid saying unlucky things. In case children spill the beans, many families put up a red note saying "Children’s words are unbridled" to crack it.

2. Avoid sweeping the floor, splashing water outside and taking out the garbage, because it is easy to sweep away the wealth at home. If the ground is dirty and must be swept, then sweep it inward, symbolizing that the treasure enters the door. After sweeping, put it in the trash can and keep it.

3. Avoid bathing, shampooing and washing clothes, so as not to wash away the good fortune of the year.

4, avoid breaking the cups and bowls. If you accidentally break the dishes, quickly say "peace".

5, when eating, avoid using boiled water to soak rice, and avoid using soup to soak rice, otherwise you will be lucky in the New Year.

"Mice Marry" paper-cut.

As the saying goes, "the first day is early, the second day is early, and the third day is full." The Chinese New Year is very busy and tiring these days. On the third night, people need to give themselves a reason to go to bed early, that is, "a mouse marries a woman". Everyone turns off the lights and goes to sleep early, so as not to disturb the happy event of mice marrying women. People often sprinkle some rice grains or cake crumbs on the corner of the house as a wedding gift to show that they can share a year’s harvest with mice. Therefore, New Year pictures and paper-cuts of "Mice Marry Women" and "Mice Marry" are also regarded as mascots among the people, and can be posted on walls or windows during the New Year.

The fifth day and the sixth day: break the ban, send the poor and welcome the god of wealth.

Set off firecrackers to welcome the god of wealth. The source of original hand-drawn drawings is the same as above.

In Jiangsu and Zhejiang provinces, there is a very important god to meet on the fifth day of the Lunar New Year, that is, the God of Wealth, also known as the "Road Head God" or "Five Road God". "Five roads", as the name implies, are rich in things, north and south. Everyone loves the god of wealth, and it is very popular. The sooner you receive it, the more effective it will be. Therefore, it is said that the fifth day is the day to meet the gods, but people want to "grab the road" early on the fourth night.

Gu Lu, a scholar in Qing Dynasty, described this great event in Wu in Qing Jia Lu: "The fifth day of the first month is the birthday of Lu Tou Shen. Golden gongs and firecrackers, which are sacrificed to the past, are eager to make a profit, and they must get up early to meet them, which is called the end of the road. " After receiving God, everyone still has to eat road wine, often until dawn.

Shanghai welcomes the god of wealth with carp, also known as "silver ingot fish", and fishmongers call it "sending silver ingot fish". These customs, Yuan Zuzhi’s "Poems of Bamboo Branches on the Sea" wrote: "Yuanbao shouted to send it in, and Caidong made a fortune again tonight; Carps don’t jump into the dragon gate, but also offer gold and silver to Taiwan. “

There are also secular reasons for welcoming the god of wealth on the fourth night and the early morning of the fifth day. In the old days, Chinese New Year shops closed their doors on New Year’s Eve and reopened on the fifth day of the first month. This is connected with the god of wealth, so that we can "open the door to see wealth" and "make rich resources" smoothly and profitably.

Go poor. The source of original hand-drawn drawings is the same as above.

On the fifth day of the fifth day, the more popular customs in northern China are "breaking the fifth day" and "sending the poor", which belong to taboo and blessing activities. "Breaking Five", that is, those taboos in the past few days, can be lifted after this day. And "sending the poor" is also related to this. The garbage that was not dumped in order to accumulate wealth before was just cleaned up on this day, and this attention became "sending the poor".

There are many ways to send the poor. It’s simply that firecrackers are ringing in the morning and the garbage is dumped out of the door. The more complicated thing is to cut a villain ("poor daughter-in-law") with paper, and even let her carry a paper bag filled with garbage outside the door and burn it. In Han Yu’s "Send the Poor", it is mentioned that it is necessary to "make a car out of willows, bind grass as a boat, carry grain, tie the ox under the yoke, and sail on the pole" for the poor. That is to say, when sending the poor, it is necessary to prepare vehicles, boats and dry food for the poor and send them away quickly.

The ceremony of "seeing the poor off" can also be held on the sixth day of the sixth day, even on the dark day of the first month. Han Yu’s "sending the poor" is in the dark days. Dark day, that is, the last day of each month in the lunar calendar, and the dark day in the first month of the year, that is, "the first dark day", is particularly valued.

The seventh day: "People’s Day", Dai Sheng, seven dishes soup.

The seventh day of the Lunar New Year is "People’s Day", and the previous six days are "Livestock Day". The Chronicle of Jingchu’s Age quoted Dong Xun’s Asking about Etiquette and Custom as saying: "On the first day of the first month, you will be a chicken, on the second day, a dog, on the third day, a pig, on the fourth day, a sheep, on the fifth day, a cow, on the sixth day, a horse, and on the seventh day, you will be a human being. Zhengdan painted a chicken on the door and posted it on the account on the seventh day. " Therefore, "Today, no chickens, no dogs, no pigs, no sheep, no cattle, no horses, no execution, and no execution."

Dai Ren wins. The source of original hand-drawn drawings is the same as above.

The important custom of "People’s Day" on the seventh day of the seventh day is "wearing people to win", so "People’s Day" is also called "People’s Victory Festival". Human victory is a kind of ornament. Women cut the ribbon for flowers, or cut the ribbon for people, or carve gold foil for people, stick it on screens, bed curtains, or wear it in their hair to pray for blessings and avoid disasters. "Chronicle of Jingchu’s Years Old" explains the meaning of "Dai Ren Sheng", which means that "those who cut the ribbon will enter the New Year, and the description will be changed from the new one", that is, the New Year will take on a new look. This custom has been popular since the Wei and Jin Dynasties, and it has been paid more and more attention since the Tang Dynasty. On every "People’s Day", the emperor gave the ministers colorful decorations to win, and gave them a big banquet to compose poems for the holidays, while the people cut the ribbon and gave them to each other. In Li Yuan’s poem "Cut the Ribbon" in the Tang Dynasty, there is a poem "A gift of money is given to a blind date, and a silver hairpin is decorated with a phoenix; Two birds in a row, two bridge people ".

The festive food of "People’s Day" is "seven-dish soup", which is a soup made by chopping seven kinds of vegetables and cooking them together. If you eat them, you can pray for the New Year and prevent all diseases. This food custom has declined in modern times. But interestingly, Japan will eat "seven grass porridge" on January 7th. This custom has been popular among Japanese people since the Edo period. In Japanese haiku, there is praise for seven grass porridge "The porridge tastes good and the intestines are longing for the Soviet Union". In fact, this custom was introduced from the ancient and popular seven dishes soup in China.

　　On April 25th, the Shanghai Composite Index closed down by 5.13%, and fell below the 3,000-point mark again after 22 months to 2,928.51 points, bringing a general decline covering more than 96% of the stocks.

　　Why did A shares plummet? Many institutions believe that it is the result of the failure to effectively hedge external risks and internal benefits under multi-factor resonance. A shares will be repaired, but it will take some time.

　　Overseas markets are surging — — James Bullard, a well-known hawkish official of the Federal Reserve, refused to rule out the possibility of raising interest rates by 75 basis points (BP) in early May. According to CME’s FedWatch tool, the probability that traders will raise interest rates by 75BP at least once in the next two meetings is over 95%. In the first quarter, US stock earnings reached a climax this week. Five-sevenths of the companies with the largest market capitalization in the United States will release earnings reports, mainly technology giants, which will naturally become the focus. The agency expects that the overall profit growth rate will be the lowest in the past five quarters. US stocks plunged last Friday, with the Dow falling by 1,000 points.

　　At the same time, on the 25th, the offshore RMB broke through the 6.6 mark against the US dollar, with the depreciation rate exceeding 2,400 points since the beginning of the year. As of 16:30, USD/onshore RMB reported 6.5544, down 669 points from the previous closing price, the lowest since April 2 last year; As of 18:49, USD/offshore RMB reported 6.6041. Then, the central bank announced that it would reduce the foreign exchange reserve ratio, and the offshore RMB rebounded by 300 points in the short term to near 6.5738.

　　The Shanghai Composite Index fell below 3,000, and the hot stocks plunged.

　　Affected by weakening market sentiment, the Shanghai Composite Index fell below 3,000 points on the 25th. After the resumption of the market performance during several RMB devaluations since 2015, the overall market was dominated by decline, with relatively dominant value and finance in style, and its growth was greatly affected.

　　Since April, the major indexes have continued to fall by shocks. Last week, the Shanghai Composite Index and the Shanghai and Shenzhen 300 Index fell by 3.87% and 4.19% respectively, while the Growth Enterprise Market fell by 6.66%. At the industry level, textile clothing benefited from the depreciation of RMB exchange rate, rising by 4.93%, while the decline of electricity and public utilities, food, household appliances and transportation was relatively small; Real estate, steel, nonferrous metals, coal, medicine and building materials were among the top losers.

　　On the 25th, the hot stocks fell sharply, including the Internet, basic metals, education, chemical raw materials, leisure products, aerospace and military industries, which fell by more than 8%, while the popular concept sectors including photoresist, sodium ion batteries, industrial metals, semiconductor equipment, aluminum industry and online education fell by more than 9%. Even the COVID-19 antigen testing, large-scale infrastructure, generic drugs and other sectors, which once became the concept sector of A-shares rising against the trend, fell by more than 3.5% on that day. Short positions favored by foreign investors, such as China Merchants Bank, New China Life Insurance, Wuliangye, Contemporary Amperex Technology Co., Limited and Longji, all fell more than 5%.

　　At present, it is in the intensive release period of a quarterly report, and some manufacturing growth leaders have slowed down their performance growth or failed to meet expectations, which may lead to a decline in stock prices and suppress the overall performance of A shares. For example, Hengrui Pharma, the leading pharmaceutical stock, plunged at the opening, and fell sharply in intraday trading, closing at 29.7 yuan/share, hitting a three-year low. Another example is Longji shares, which fell by 8.69% to 56.61 yuan/share on the 25th after many days’ decline, and the market value of one day evaporated by 29.176 billion yuan.

　　According to the reporter, on the 25th, the total market value of 4,799 listed companies in the city evaporated to 4.58 trillion yuan. Since the beginning of this year, the average decline of the above 255 listed companies is as high as 19%.

　　A number of institutions told reporters that the sharp drop in A shares was the result of the failure to effectively hedge external risks and internal benefits. "It is precisely because the weak rebound expectation is broken that the market is moving in an extreme direction." Yan Kaiwen, chief strategist of Huaxin Securities, said.

　　Li Meicen, chief strategist of Caitong Securities, also put forward the theory of "dislocation". "At present, the external economy is at a high level, China’s economy is at a low level, and the economic fundamentals are at the biggest dislocation stage. The external is receiving, we are releasing, the exchange rate expectation pressure is high, the stock market stock game, and the liquidity is more pessimistic. " The two-way dislocation inside and outside, coupled with the repeated epidemic, the constant thunder in the first quarter, the recovery of supply chain and the recovery of consumption have not improved, so the Shanghai Composite Index is close to the previous low again, and investors are more pessimistic.

　　How does the exchange rate affect A shares?

　　Since 2010, there have been eight obvious cycles of RMB depreciation, in which A shares rose four times and fell four times. Specifically, after the "811 Exchange Reform" in 2015, the RMB exchange rate experienced four obvious devaluations. The first two times were the narrowing of the spread between China and the United States caused by the tightening of the Federal Reserve, and the macroeconomic kinetic energy was "strong in the United States and weak in the middle". Corresponding to the performance of the stock market, both the broader market and the industry closed down.

　　The probability that RMB depreciation is positively related to the decline of A shares is 50%. There is no direct causal relationship between the stock market and the exchange rate, but the exchange rate is usually a reflection of the basic market. At the same time, with the increase of the participation of overseas investors in A shares, the impact of foreign capital flows on A shares is increasing. Therefore, Yan Kaiwen believes that the rapid depreciation of the RMB exchange rate since 2018 has a dominant impact on A shares, and at the same time, such impact will be amplified in the weak stage of A shares.

　　"The market expects more steady growth policies and measures to stabilize the economy and market expectations, thus boosting investor sentiment. The current market uncertainty is more prominent. Seeing more and doing less is still a more suitable investment strategy for ordinary investors. The opportunities after the direction is determined are easier to grasp. " Yuan Huaming, general manager of Huahui Chuangfu Investment, said.

　　Li Meicen said that this week is a crucial week, and the uncertainty that investors pay attention to is becoming clear. On the one hand, with the improvement of the domestic epidemic situation and the recovery of the supply chain, the domestic economy will run upwards, and corporate profits are expected to gradually stabilize and rebound. On the other hand, in the case of less incremental funds, the market showed a situation of stock game in the first half of the year. If the Federal Reserve did not make a more "eagle" statement later, with the comparative advantage of China’s economy highlighted, overseas funds may flow back to emerging markets, especially the China market with significant allocation value in the medium and long term.

　　As for the follow-up trend of the exchange rate, the most critical export data has not changed much, and there is no sign that the capital outflow will continue to accelerate significantly. The weakening of the emotional side is the main reason. "At present, offshore hedge funds have begun to make more dollars against the RMB. Although there are many uncertainties and even some institutions are at a loss, it seems more mainstream to make more dollars in the short term." A foreign bank strategist told CBN.

　　Another foreign trader told reporters: "Let the bullets fly for a while." In fact, from October last year to the beginning of last week, the RMB kept in the range of 6.3, and the fluctuation was unusually low, and there was no trace of offshore short positions. At that time, China’s exports continued to be strong, and domestic US dollar deposits reached 1.1 trillion US dollars, which also made enterprises unwilling to buy US dollars. Moreover, before that, the RMB yield was still higher than the US dollar, and shorting the RMB required a spread. However, at present, the situation has reversed, and even if the prospects are highly uncertain, offshore institutions have begun to test the water and short.

　　The spread between China and the United States has been upside down for nearly two weeks. As of the close of 25th, the yield of China ten-year treasury bonds 220003(22 interest-bearing treasury bonds 03) was 2.8325%. The yield of US 10-year Treasury bonds was reported at 2.828% on Monday, down from the high of 3% hit last week, but it is still expected to rise in the future.

　　However, around 19: 20 on the 25th, the central bank announced that it would reduce the foreign exchange deposit reserve ratio of financial institutions by 1 percentage point, that is, from the current 9% to 8%. This means that the market dollar liquidity will increase, releasing the signal of the central bank to stabilize the RMB.

　　"This is more symbolic, with a range of only 1%, but it also shows that the central bank is happy to see the two-way fluctuation of the RMB, but it does not want to see the exchange rate depreciate sharply too quickly." The above traders told reporters that the maximum release of US dollar liquidity was US$ 10 billion, which was still relatively small compared with the daily average US$/RMB trading volume in the onshore market of US$ 39 billion.

　　In fact, before this RRR cut, the central bank "increased the RRR" twice last year, each time by 2%, and the foreign exchange reserve ratio rose from 5% before June last year to 9%. At that time, the central bank intended to slow down the appreciation of the RMB. In 2021, due to strong exports and accelerated inflow of foreign capital, the RMB once rose to around 6.3.

　　Be wary of the Fed raising interest rates by 75BP in May.

　　In the next two weeks, the financial reports of overseas central banks and US stocks will be the focus of the market, which will also have an impact on the RMB and China stock market.

　　US stocks closed down sharply last Friday. The Dow hit its biggest one-day drop so far this year, closing down 981.36 points, or 2.82%.

　　The increasingly hawkish stance of the Fed is the main reason. Federal Reserve Chairman Powell said last week that "it is possible to raise interest rates by 50BP at the meeting in May", while Brad refused to rule out the possibility of raising interest rates by 75BP next month.

　　"It is becoming increasingly clear that the Fed is accepting the view that it needs to raise interest rates extremely aggressively to control inflation. The Fed has never raised interest rates by 75BP at one time since 1994, but the hint of raising interest rates by 75BP seems not so bizarre to almost all of us now. In fact, according to CME’s FedWatch tool, traders now count the chances of raising interest rates by 75 basis points at least once in the next two meetings of the Fed to exceed 95%. " Matt Weller, head of global research at Jiasheng Group, told reporters.

　　"In view of this, the volatility of all markets is likely to remain high for the rest of this year." He said. The core PCE report will be released this Friday, which is the most favored inflation indicator of the Fed, and it has been rising for five months. Judging from the early estimates, the core PCE may remain unchanged at 5.4% this time. If the reading is unexpectedly higher than expected, it may open the door to raising interest rates by 75BP as soon as next Thursday, which may be highly profitable for the US dollar and bad for the US stock market. As of 17: 50 Beijing time on the 25th, the US dollar index stood at 101.573.

　　The "2020 Silk Road Television International Cooperation Community Summit Forum" hosted by China Central Radio and Television General Station and hosted by China International Television Corporation was held in Beijing on December 15th. With the theme of "Deepening Cooperation and Meeting Challenges Together", this forum was held online and offline, with more than 150 representatives from more than 70 mainstream media organizations in more than 40 countries and regions attending.

　　The forum pointed out that over the past seven years, the construction of the "Belt and Road" has been solidly promoted with the extensive participation of the international community, and it has achieved fruitful results in joint construction and sharing, demonstrating its strong vitality in benefiting the people of countries along the route, and is transforming into high-quality development. Practice has fully proved that building the "Belt and Road" is an important platform to promote economic globalization and common development, and has made China contributions to the reform and construction of the global governance system. The role of the media is indispensable and irreplaceable in building the "Belt and Road" and promoting international cooperation. The Silk Road Television International Cooperation Community has always adhered to the spirit of the Silk Road, extensively concentrated media forces, actively carried out pragmatic cooperation, and achieved important results in various fields such as program broadcast, joint filming, media integration, personnel exchange, and think tank construction, and made important contributions to deepening cultural exchanges and promoting public opinion. Especially at the critical moment of the global fight against the COVID-19 epidemic, all members and partners of the Community have helped each other and overcome the difficulties together, spreading sunshine and injecting strength into the global war "epidemic" and practicing the concept of a community of human destiny with practical actions. Facing the new situation, new opportunities and new challenges, all members and partners of the community should adhere to the media responsibility, abide by objectivity and justice, and vividly tell the story of Silk Road. Uphold an open vision, adhere to an inclusive attitude, and inherit and carry forward the spirit of Silk Road; Strengthen communication, build a dialogue platform, and innovate and develop Silk Road cooperation.

　　In his opening speech, Shen Haixiong, Vice Minister of Publicity Department of the Communist Party of China, Director of the Central Radio and Television General Station and Chairman of the Community, said that to enhance confidence, overcome the epidemic and overcome the crisis, we must help each other in the same boat, unite and cooperate, and uphold the concept of a community of human destiny. We believe in true power, just power and warm power. The Silk Road spirit is showing more vitality, and the role of the Silk Road Television International Cooperation Community as a platform for international media exchange and cooperation will surely become more prominent. The Central Radio and Television General Station will work with partners to adhere to openness and tolerance and promote exchanges and mutual learning between different civilizations; Strengthen technological innovation to jointly meet the opportunities and challenges in the all-media era; Broaden the scope of cooperation and unswervingly follow the road of unity, cooperation and win-win.

　　Jawad Mottaki, Vice Chairman of the Community and Secretary-General of the Asia-Pacific Broadcasting Union, and Abdourahim Suleiman, Secretary-General of the Arab Broadcasting Union, as well as media leaders such as Russian SPB TV Company, Italian National Radio and Television Company, and El Salvador TVX TV Station, made speeches or held thematic dialogues at the forum. Representatives from NBC, American Discovery Group, CJ Group of South Korea, Chia Tai Group of Thailand, Defu Media of Britain, Wild Bear Entertainment of Australia, PreTV Production Company of Austria, MediaPro Media Group of Spain, Intergrara Industrial Group of Argentina and other institutions attended or participated in the exchange and interaction in depth by video connection. Participants fully affirmed that China Central Radio and Television General Station and the community have United to fight the epidemic, reported the truth, led public opinion, conveyed confidence and accurate and reliable information, expressed sympathy and support to each other, worked together to overcome the difficulties, deepened international cooperation in film and television, played an important role in all-media integration communication channels, multi-level exchanges and transactions, and the development of film and television industry, and achieved important results; It is believed that the community has built a bridge to enhance communication and cooperation among countries along the Silk Road, and made important contributions to deepening the cultural and multicultural exchanges along the Silk Road and promoting the common aspiration and win-win development.

　　Yan Xiaoming, deputy director of the Central Radio and Television General Station, vice chairman and secretary general of the Community, Jiang Xiwei, deputy director of the Central Radio and Television General Station, members of the editorial board of the General Station, Sun Yusheng, Xue Jijun and Jiang Wenbo, and heads of relevant departments of the General Station attended the forum and witnessed the signing ceremony of the series of cooperation projects of the Community.

　　Tang Shiding, President of China International Television Corporation, released the annual work report of the 2020 Community at the forum, reviewed and summarized a series of new achievements made by the community in pragmatic cooperation and contrarian trend over the past year, and looked forward to the future development focus of the community. We will deepen innovative cooperation, work together to meet challenges, build a good platform for members and partners, broaden channels, optimize services, improve mechanisms and make good guarantees.

　　At the forum, the guests witnessed the annual theme work of cooperation among community members — — The world premiere release ceremony of the documentary A Tale of Two Cities Crossing the Silk Road, which tells the story of mutual learning between East and West civilizations and the United States and the United States, focuses on the premiere release ceremony of the Chinese-English co-produced documentary China: the ancient kingdom of nature in China National Park, the launching ceremony of the Sino-US co-produced documentary Historical Track, which tells the story of the founding of the Party for a hundred years from an international perspective, and the joint broadcast ceremony of the international version of the large-scale 4k ultra-high-definition documentary, which closely follows the pulse of the times and deeply praises scientific and technological innovation. Signing ceremony of cooperation intention for the second season of the Sino-British co-production documentary "China’s Treasure", opening ceremony of the international co-production cartoon "Panda+"series and other key projects were signed and released.

　　The "Golden Ribbon — — As a result of the "Special Contribution Award", the Asia-Pacific Broadcasting Union, Defu Media Co., Ltd. of Britain and SPB TV Company of Russia won awards. Also released the 2020 "Golden Ribbon — — Excellent anti-epidemic programs "selection results, from China, the United States, Italian, Russian and other countries," We are together — — China and Italy join hands to fight the epidemic, Chronicle of Spring 2020, Apocalypse of Anti-epidemic, Italy TGCOM24 Thanks for the live connection of the Headquarters, World Watch special program, Winter Go to Spring Return — — China in the 2020 Epidemic, Dagestan Epidemic, and Special Report — — Eight works, including Vaccine, stood out and won awards.

　　As the world’s first international film and television media alliance with Silk Road as the link and facing all media, the Silk Road Television International Cooperation Community has held five consecutive summit forums since its establishment in 2016, becoming a highly recognized media comprehensive forum in the industry. After more than four years of development, the members and partners of the Community have grown to 136 institutions in 60 countries and regions, among which members from G7 and G20 countries account for nearly 60%, and have become an important force to promote international media cooperation and the prosperity and development of film and television, and build a powerful platform for building the "Belt and Road" with high quality, strengthening multicultural exchanges and promoting the communication between Chinese and foreign people.

　　(Photo: Liao Jiangheng, Meng Meiyi, Chen Kaiqiang)

Recently, it unveiled its second model, Dongfeng Yipai eπ 008, which is positioned as a "family intelligent large SUV". It has a length of 5002mm, a wheelbase of 3025mm, and a 6-seat home layout of "2 + 2 + 2". The excellent body size makes Dongfeng Yipai eπ 008 have very strong space attributes, making it a veritable "536" model. In this regard, we have also had a test drive experience of the vehicle and share with you some of the experience after the test drive.

In the actual test drive, the eπ 008 has three modes: pure electric priority, fuel priority, and mixed gasoline and electricity. The power response is still very positive, and it is more suitable for household use. It is recommended to drive pure electric priority in daily cities. While saving energy and being cost-effective, you can also enjoy the light driving experience brought by the tram.

When passing through the fine and bumpy road section, the filter of Dongfeng Yipai Eπ 008 is relatively in place, and it is generally comfortable. In steering, although driving such a big guy, the steering is still very flexible and not clumsy.

The NVH performance of the new car is also good. The eπ 008 uses 265/45 R21 size Continental silent tires. When driving on the gravel road at a speed of 90km/h, the noise in the car is about 75.8dB. When driving on high-speed sections, the wind noise control is good, and the wind sound is hardly audible. However, the tire noise of the vehicle is slightly obvious, which may be caused by the large tire width.

After saying dynamic, look at static

From the appearance, the EPi 008 adopts a closed front face design, which is also one of the popular features of the moment. The entire front part looks very sturdy, giving a very heavy feeling. The through light strip divides the front face into two, and there is a relatively complex built-in light source inside, which can support a variety of lights when lit, especially at night to create a very cool atmosphere.

On the side of the body, it is worth mentioning that there is also a small window between the C-pillar and the D-pillar, which can make the third-row passengers not feel depressed. In addition, the D-pillar is also equipped with a digital rhythm charging indicator light, which will produce different light changes when the vehicle is charging. In terms of body size, the length, width and height of the Dongfeng Yipai e π 008 are 5002mm × 1972mm × 1732mm, the wheelbase is 3025mm, and the positioning of the medium and large SUV is 0.268Cd.

At the rear of the car, the eπ 008 also uses a through-type taillight, and the internal lattice light source shape echoes the front of the car, which is highly recognizable after lighting.

Entering the car, the interior of the eπ 008 continues the interior design style, which is as windy as the appearance. Although the shape is simple, the texture is online. The six-seat layout of 2 + 2 + 2 will be more suitable for large families and can take care of everyone’s comfort.

Intelligent configuration,E π 008The intelligent cockpit is composed of an 8.8-inch instrument and a 15.6-inch central control screen. The car is the mainstream chip, and the impression I get from using it is that the screen is large, the car responds quickly, and the mainstream functions can be found quickly. The voice system responds quickly, and it can be 100% voice-controlled on the car-machine interface. The overall experience does not differ much from other models.

In terms of space, adjust the second row of seats to the final state. After riding with a height of 170cm, there is still room for more than 3 punches in the legs. After adjusting the second row to the remaining 2 punches, the third row of legroom also has 3 fingers of wealth. When 6 people travel at the same time, the third row is more suitable for passengers with a height of less than 175cm.Among them, you can also choose seats, leg supports, small table boards, headrests, and sunshades on the right side, which are all equipped with rich functions.

Write to the end

As a medium and large SUV, the Eπ 008 shows excellent competitiveness in terms of appearance, interior, comfort, power and intelligent configuration. The price of the 216,600 is also relatively close to the people. Recently, there are preferential policies, and the price of the limited-time car starts from 18,86 yuan. Interested friends can go to the store for a test drive and learn about your local preferential situation by the way.

Tesla will also launch a low-cost electric car! According to foreign media reports, Tesla recently disclosed the specific specifications, price and listing schedule of the low-cost electric car "Model Q" at the enterprise briefing (IR) for Deutsche Bank. It is reported that the Model Q is a small hatchback with a total length of less than 4m. It is equipped with a low-cost Ferrous lithium phosphate (LFP) battery, and the driving distance on a single charge will be close to 500km.

In terms of price, the actual purchase price of Model Q is expected to be less than $30,000 if it accepts the tax relief from the US government. This is more than $6,000 cheaper than Tesla’s current popular model "Model 3".

Tesla’s launch of low-priced models may be due to the competition with China’s BYD’s Dolphin or Volkswagen’s ID.3. It is worth mentioning that the hatchback style is aimed at the European market, which may also be Tesla’s counterattack against BYD, which has expanded its position in Europe.

And China BYD is also rapidly entering the world market. The most exported products of BYD are Dolphin and Yuan plus, and their names in overseas markets are Dolpin and Atto3 respectively. It is expected that these two cars will also compete with Tesla’s low-priced models. In particular, BYD is about to enter the Korean market, so it has attracted much attention. BYD Korea plans to open its first exhibition hall in Jiangxi District of Seoul in January next year to display "ATTO 3".

BYD Dolphin

Experts predict that the trend of low-priced models in the electric vehicle market will be more obvious next year. The aggressive pricing policies of Tesla and BYD may advance the popularization of electric vehicles. However, changes in government subsidy policies and the global economic situation may become variables and need close attention.

Industry-related analysts said: "Next year’s electric vehicle market will be fierce competition between multinational companies centered on Tesla and BYD and traditional automobile brands Volkswagen, Toyota and Hyundai. This will provide consumers with a variety of choices and become an opportunity to popularize electric vehicles in advance. "

　　Cctv news2017 is about to pass. Looking back on this year, the main line of "benefiting people’s livelihood" runs through the whole year. Among them, as an important part of people’s livelihood work, social security has undergone at least the following ten important changes in 2017, which have a positive impact on your life and mine.

　　Pensions ushered in "13 consecutive rises"

　　[change]In 2017, pensions continued to increase, achieving "13 consecutive rises". The basic pension level of more than 100 million retirees has been raised by about 5.5%.The pensions of the elderly retirees and retirees from enterprises in remote and hard areas have risen a little more appropriately.

　　[influence]Pensions rise, retirees get more money, and life is more secure. Wu Yue, a 79-year-old retired doctor in Beijing, said: "My current pension level has reached more than 5,600 yuan (monthly), which is enough!"

　　The endowment insurance fund began to invest and operate.

　　[change]This year’s pension has started the pace of investment and operation. According to the data released by the Ministry of Human Resources and Social Security in November, the investment in the basic old-age insurance fund has been carried out steadily.The governments of nine provinces (autonomous regions and municipalities) such as Beijing and Anhui signed entrusted investment contracts with the Social Security Fund Council.The total contract amount is 430 billion yuan, of which 180 billion yuan has been received and investment has begun.

　　[influence]Chu Fuling, director of the China Social Security Research Center of the Central University of Finance and Economics, said that at present, the pressure of providing for the aged is increasing day by day. Under the principle of safe investment and steady investment, it is necessary to invest the surplus funds of the old-age insurance fund in various ways, which is conducive to improving the income level and realizing the preservation and appreciation of the fund.

　　Inter-provincial medical treatment in different places can be directly settled.

　　[change]In 2017, breakthroughs were made in the direct settlement of medical treatment across provinces. As of October 31,All provincial medical treatment settlement systems and all co-ordination areas in China have been connected to the national medical treatment settlement system in different places.On the basis of this, the number of designated medical institutions across provinces in China has increased to 7,688, and the number of registered people has reached 1.81 million.

　　[influence]Direct settlement of medical treatment across provinces and different places saves the insured from the trouble of padding money and running back and forth. Tang Jisong, director of the Social Insurance Management Center of the Ministry of Human Resources and Social Security, said that all eligible insured persons can use this system to realize direct settlement of hospitalization expenses across provinces and different places, without having to advance their own funds and then reimburse them at the insured place.

　　Some state-owned assets enrich the social security fund.

　　[change]In November, the State Council announced the "Implementation Plan for the Transfer of Some State-owned Capital to Enrich the Social Security Fund", which is clearThe transfer ratio is unified to 10% of the state-owned shares of the enterprise.And asked to select some central enterprises and some provinces to carry out pilot projects in 2017.

　　[influence]Zhang Yinghua, an executive researcher at the World Social Security Research Center of China Academy of Social Sciences, said that with the "blood transfusion" of the social security fund, it will alleviate the pension gap, avoid transferring the gap to the next generation, realize intergenerational equity, and at the same time help to ensure the timely and full payment of pensions and resolve the impact of the aging population on the old-age insurance system.

　　Unified bookkeeping interest rate of employee pension insurance personal account

　　[change]According to the Measures for Unifying and Standardizing the Bookkeeping Interest Rate of Personal Accounts of Employee Endowment Insurance issued by the Ministry of Human Resources and Social Security in April 2017,Unify the bookkeeping interest rate of individual accounts of basic old-age insurance for employees of government agencies, institutions and enterprises,Published by the state every year. The bookkeeping interest rate should be mainly determined by considering the factors such as the salary increase of employees and the balance of funds, and adjusted through reasonable coefficients. The bookkeeping interest rate shall not be lower than the bank time deposit interest rate.

　　[influence]In the opinion of experts, it is helpful to realize institutional fairness to uniformly determine the bookkeeping interest rate of individual accounts of basic old-age insurance for government agencies, institutions and enterprise employees. The bookkeeping interest rate should not be lower than the bank time deposit interest rate, which will help guide the insured to actively participate in the insurance and pay in full, and ensure the basic life of the insured after retirement.

　　Maternity and medical insurance were merged and implemented.

　　[change]In 2017, Handan, Jinzhong, Shenyang, Taizhou, Hefei, Weihai, Zhengzhou, Yueyang, Zhuhai, Chongqing, Neijiang and Kunming, etc.Twelve cities have launched pilot projects for the merger of maternity insurance and basic medical insurance for employees.. The pilot will be launched before the end of June 2017, and the pilot period will be about one year.

　　[influence]According to the requirements, maternity insurance and medical insurance are combined, and the maternity insurance benefits of employees during childbirth remain unchanged. Yang Yansui, director of Tsinghua University Employment and Social Security Research Center, said that because the reimbursement rate of medical insurance in some places has reached 80%-90%, and the reimbursement rate of maternity insurance is still below 70%, the maternity insurance benefits in these places may be improved after the merger.

　　Unemployment insurance rates are reduced and unemployment benefits are increased.

　　[change]On the one hand, it is to reduce the payment rate. From January 1, 2017, provinces (autonomous regions and municipalities) with a total unemployment insurance rate of 1.5% can reduce the total rate to 1%, and the period for reducing the rate will be implemented until April 30, 2018. On the other hand, it is to raise the standard of unemployment benefits. According to the Guiding Opinions on Adjusting Unemployment Insurance Standards issued by the Ministry of Human Resources and Social Security and the Ministry of Finance,Gradually raise the unemployment insurance premium to 90% of the minimum wage.

　　[influence]Unemployment insurance is jointly paid by the unit and the employees. With the reduction of the rate, the burden on enterprises will be further reduced, and the wages of employees may increase more or less. The unemployment benefit standard has been raised to 90% of the minimum wage standard, and the life of the unemployed is more secure.

　　Enterprise employees can apply for skills upgrading subsidies.

　　[change]An important function of unemployment insurance is to stabilize employment and prevent unemployment. In 2017, unemployment insurance ushered in a new policy.Eligible enterprise employees can apply for a large number of skills upgrading subsidies.The first application condition is to participate in unemployment insurance according to law and pay unemployment insurance premiums for more than 36 months (including 36 months); The second is to obtain primary (level 5), intermediate (level 4) and advanced (level 3) vocational qualification certificates or vocational skill level certificates from January 1, 2017.

　　[influence]The person in charge of the unemployment insurance department of the Ministry of Human Resources and Social Security said that this has mobilized the enthusiasm of employees to learn vocational skills to a certain extent, which is conducive to stabilizing employment and preventing unemployment. According to estimates, about 2 million employees will benefit every year.

　　It is planned to pay pension and medical insurance for the unemployed.

　　[change]In November 2017, the Ministry of Human Resources and Social Security publicly solicited opinions on the Unemployment Insurance Regulations (Revised Draft for Comment). Compared with the current regulations, the opinion draft has addedPay the basic old-age insurance premium, vocational skill appraisal subsidy and entrepreneurship subsidy for the unemployed., willMedicaid is adjusted to pay the basic medical insurance premium..

　　[influence]The Ministry of Human Resources and Social Security pointed out that the payment of basic old-age insurance premiums has solved the problem of the interruption of the payment of old-age insurance for the unemployed and relieved the worries of the unemployed. Paying the basic medical insurance premium ensures that the unemployed enjoy medical insurance benefits, and solves the problem of "getting medical care for the sick" during the period when the unemployed receive the payment.

　　Industrial injury insurance benefits are adjusted at least once every two years.

　　[change]In July 2017, the Ministry of Human Resources and Social Security issued the Guiding Opinions on the Adjustment and Determination Mechanism of Work-related Injury Insurance Benefits, which made it clear thatIn principle, the treatment of industrial injury insurance shall be adjusted at least once every two years..

　　[influence]From the outside world, with the development of economy and society, the average wage and living expenses of employees have changed. It is not only the inherent requirement of the industrial injury insurance system, but also the proper meaning of protecting the rights and interests of the insured.

　　▌ This article Source: China News Network