Current consumption characteristics and trends in China.

Consumption is the main engine of economic growth and the direct embodiment of people’s needs for a better life. Since 2023, as China’s economy and society have fully resumed normal operation, the consumption scene has been fully expanded, the consumption potential has been rapidly released, and the consumer market has continued to pick up. Statistics from the National Bureau of Statistics show that in the first and second quarters of 2023, the year-on-year growth rate of per capita consumption expenditure of Chinese residents maintained a positive growth, and the cumulative growth rate in the second quarter reached 7.6%. From restaurants with long queues to tourist attractions, from movie box office to railway summer vacation, fiery consumption shows the resilience and vitality of China’s economy.

China’s consumption recovery is not only a quantitative expansion, but also a qualitative upgrade and structural optimization. On the whole, people’s yearning for a better life has turned from "whether there is" to "whether it is good", showing the characteristics of diversification, multi-level and multi-faceted. From physical goods to life services, from online shopping to offline shopping malls, the trend of digitalization, quality, personalization, diversification and brand upgrading of consumption is increasingly obvious. At present, the world’s great changes in the past century have accelerated its evolution, the global economic growth has slowed down obviously, there are many unstable and uncertain factors, the constraints of insufficient domestic demand still exist, and some structural problems are still outstanding. To consolidate the good momentum of economic recovery, we need to pay close attention to the new characteristics and new trends of consumption growth, fully release the demand potential of the domestic market, and give play to the basic role of consumption in steady growth.

Adapting to the new consumption changes is inseparable from the keen insight and deep thinking on the needs of young people. Prefer the experience of "substitution", pursue "small but beautiful", pay attention to health preservation, set off the national tide culture, and find a sense of belonging in all circles … … This is a very personalized consumption feature of the current "Z generation" group. The growing demand of "Generation Z" for self-care, self-investment and personal promotion has given birth to a brand-new consumption trend — — "please your own consumption." According to the data of the seventh national census, the total number of "Generation Z" in China is about 260 million, which has propped up a consumption market of 4 trillion yuan, and their consumption demand will lead the mainstream consumption trend in China in the future.

Service consumption shows strong development momentum and great development potential. The integration of digital technology and residents’ daily life has deepened, and the digital transformation of life service industry has profoundly changed residents’ lives. New formats and modes such as online travel, online medical care, online education, online office, online fitness and shared travel have flourished. Morgan Stanley, a world-renowned investment bank, predicted in the report "China Consumption Outlook 2030" that in the next decade, an important feature of the changes in China’s consumer market is that service consumption will exceed physical consumption, and the proportion of service consumption is expected to increase from the current 45% to 52%, with an annualized growth rate of 9.2%, exceeding the growth rate of physical consumption of 6.7% in the same period.

Green consumption is changing from an idea to a mainstream fashion in society. Green consumption behaviors, such as practicing "CD Action", promoting green buildings, buying energy-saving household appliances, choosing green travel modes, and participating in garbage sorting, have increasingly become people’s active choices and normal life. Green consumption takes nature, health, ecology and sustainability as the core concepts, which promotes the upgrading and optimization of domestic consumption patterns. More and more brands have launched personalized and differentiated green products to meet the diversified needs of consumers and make their expectations for green products rise continuously.

New formats and models supported by digital technology have become new growth points of consumption. With its unique characteristics of high innovation, strong penetration and wide coverage, the digital economy has promoted profound changes in production methods and lifestyles with unprecedented speed and influence, and has increasingly become an important force to promote consumption expansion and quality improvement. Digital consumption takes customers as the center, and integrates social, sharing, entertainment, life, recommendation and other scenes into consumers’ purchasing process, which not only improves the convenience and efficiency of consumption, but also enhances consumers’ perception and satisfaction from multiple dimensions. In the future, with the development of generative artificial intelligence, China’s digital consumption will usher in subversive innovation, and the development space is immeasurable.

China has a population of more than 1.4 billion, and has the most potential super-large-scale market in the world, which is a powerful engine to promote sustained and stable economic recovery and long-term improvement. General Secretary of the Supreme Leader stressed: "Focus on expanding domestic demand, enhancing the basic role of consumption in economic development and the key role of investment in optimizing the supply structure." Grasping the time and trend of development, laying a good "combination boxing" to promote consumption, firmly grasping the basic point of benefiting the people, comprehensively innovating and improving quality, getting through the difficulties in all links, making residents’ income stable and able to consume, worrying about the future and being willing to consume, and optimizing the environment, we will certainly open up new space for economic growth and promote China’s economy to achieve effective improvement in quality and reasonable growth in quantity.

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Word-of-mouth explodes the feast of youth in Sing Street’s romantic movie.


1905 movie network news The musical love movie was released in the cinema on August 7, and it was highly praised by netizens. Directed by the famous Irish director john kani, this film is the final work of his "Music Trilogy". Whether it is retro and enthusiastic rock music, romantic and sweet teenage first love, or brave expression of youth, this film has become one of the must-see movies in the cinema this summer. The film did not live up to expectations. After the release, it was well received. Many netizens praised it. "It’s beautiful, romantic and full of power. This is the correct way to open a youth film."

John kani, the director who is the best at making music movies, won a high reputation for his final work of "Music Trilogy".


The movie Sing Street tells a romantic youth story with music and love intertwined. Connor, the protagonist of the story, transferred to a school with extremely strict school rules because of his family’s embarrassment. During this period, in order to attract the attention of the beautiful girl Leifina, he called his friends who love music around him to temporarily organize a rock band … …


John kani, the film director, is considered to be one of the best directors who can make music films. He is handy in the use and performance of music. The film Sing Street is the director’s best theme of music and love, and music can be said to be the soul of the film. The film uses a lot of British band works in the 1980s, and rock music runs through it, which is very infectious. After the film was released, it did not live up to expectations, and its performance in music was highly praised by netizens. "It really is john kani, and this is the best musical youth film I have ever seen." "It is full of appeal, and music really is omnipotent, and I am willing to immerse myself in it forever."


In addition to good music, the romantic and sweet love in the film also made many viewers sigh, "What kind of romance is it to form a band in pursuit of a girl you like?" It is worth mentioning that the film was nominated for the Golden Globe Award for Best Musical/Comedy Film, the Top Ten Independent Films in national board of review awards, and the Best Song in the American Critics’ Choice Film Award. The freshness of rotten tomatoes was as high as 95%, and the douban score was 8.2, which showed the audience’s recognition and love.


Youth is fearless, braving the wind and waves, the cinema must watch music and feast. 


The film Sing Street skillfully uses music to connect the plots, and the plot elements such as band, first love and growth converge into the youthful face of the leading actor Connor. John kani, the director, expressed his feelings and beautiful expectations for youth to the audience through music, and also conveyed his dream of "saving the world through music". Connor, like every adolescent, has his own troubles and difficulties in life. At home, Connor has to face his parents whose marriage is on the verge of crisis, and at school, he has to face strict teachers and bullies. The troubled and difficult youth was reversed in john kani’s focus plane. The love of music makes Connor’s youth fearless and enthusiastic. Compared with sadness and anger, teenagers are full of love and dreams, and they are full of youthful brilliance. Music saves the world, youth dances and sings! John kani used the movie Sing Street to interpret the youth in his eyes, and he was happy for your sadness. You should love youth, pursue your dreams bravely, brave enough to love, and move forward bravely.


The passionate youth shown in the film resonated with the audience. "This is what youth looks like. It is full of passion. No matter how many times you fall, you can wipe your face and laugh and rush to your dreams." "Seeing tears, having music and dreams, youth will never end." In addition to praising the film, many netizens commented on social platforms that they were cured by this powerful youth film. A netizen said, "I have no resistance to this kind of movie, as if the sun is shining from the curtains, and I feel that tomorrow is full of hope."


As a music feast, many movie fans are happy to see this film in the cinema. They said that this film must be seen in the cinema, and listening to rock and roll on the big screen with friends who also love music, immersed in it, the feeling will be endless. In order to help the audience better participate in this rock carnival, the film Sing Street has a DTS:X version for the audience to choose from. As a new generation of immersive surround sound technology, it will present a completely immersive listening experience for the audience.


As the fourth work of the "Art Life" series of the National Federation of Arts, the film Sing Street is currently being shown in cinemas. The film is directed by john kani and starring Fodia Walsh-Piro, lucy boynton, Jack Reynor, Mark McKenna and aidan gillen. This summer, let’s walk into the cinema, join the rock carnival in john kani, and feel the beauty and courage brought by young teenagers!

Voice of Canton Fair | Wang Shouwen: Actively promoting the accession to the Digital Economy Partnership Agreement.

  On the 15th, during the 133rd Canton Fair, the second Pearl River International Trade Forum held a forum on digital innovation and development of trade. Wang Shouwen, international trade negotiator and vice minister of the Ministry of Commerce, said at the meeting that China is actively promoting the accession to the Digital Economy Partnership Agreement (DEPA) and the accession process to the Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP).

  As far as DEPA is concerned, Wang Shouwen said that China is not only negotiating rules in e-commerce, cross-border paperless trade and cross-border data circulation, but also cooperating in specific projects, including mutual recognition of digital certificates, electronic contracts and electronic documents. "We have conducted in-depth exchanges with DEPA members on trade facilitation issues such as paperless trade, domestic electronic trading framework, logistics, electronic invoices and electronic payment, with the aim of application and promoting the efficiency of our trade links." He said.

First Financial Reporter Elegant/Photo

  The formulation of international rules for the digitalization of goods trade

  As mentioned earlier, Wang Shouwen said that China is actively promoting its accession to DEPA.

  On March 2, at the press conference held by the State Council Press Office, Wang Shouwen said that we have made progress in actively promoting our accession to high-standard economic and trade agreements. CPTPP and DEPA represent the highest international standards in the field of economic and trade rules. For CPTPP, China and its members have had extensive contacts and exchanges at different levels. We also had a very good communication with its members about DEPA. On August 18th last year, members of the DEPA Agreement decided to set up a working group in which China joined. In November last year, three members of DEPA and China held a ministerial meeting of the Quartet, and in December last year, the Quartet held a kick-off meeting of chief negotiators.

  Shu Yuting, a spokesperson for the Ministry of Commerce, said at a press conference on March 23 that in the next step, the Ministry of Commerce will continue to actively promote free trade cooperation with trading partners including countries that have jointly built the Belt and Road Initiative, and continuously expand the network of high-standard free trade zones facing the world.In terms of expansion, we will actively promote China’s accession to CPTPP and DEPA, continue to promote the negotiation and upgrading of their respective trade agreements, and promote the negotiation and signing of free trade agreements with more willing countries..In terms of quality improvement, we will further improve the openness of market access and actively participate in the formulation of rules in emerging fields such as digital economy and environmental protection.In terms of efficiency, we will continue to increase the publicity and promotion of free trade agreements, help maintain the stability of regional and global industrial chain supply chains through the implementation of free trade agreements, and bring more benefits to enterprises and people in China and their respective trading partners.

  In recent years,China has made positive progress in the digitalization of trade management and trade mode.

  Wang Shouwen said that in recent years, the Ministry of Commerce and relevant departments have built a "single window" for international trade based on the Shanghai Pilot Free Trade Zone and the Fujian Pilot Free Trade Zone, that is, more than 20 trade supervision departments, including customs inspection and quarantine, border inspection, commerce, taxation and foreign exchange, have been concentrated on the same platform to realize "one declaration and data sharing". This has greatly facilitated enterprises, so the "single window" system has been pushed across the country.

  Wang Shouwen said that at the same time, the Ministry of Commerce has also formulated a construction plan for the digital pilot area of global trade in Guangdong-Hong Kong-Macao Greater Bay Area, supporting Guangdong and local governments to carry out pilot projects in the field of digital trade.

  In terms of digitalization of trade mode, the Ministry of Commerce supports Yiwu to carry out comprehensive reform of international trade and promote the practice in cross-border electronic commerce, which provides opportunities for millions of small and micro foreign trade enterprises.

  "Yiwu has developed an online matchmaking trading tool, featuring market operators, and intelligently screening suppliers and purchasers, providing services to more than 2,600 foreign trade enterprises." Wang Shouwen said that the Ministry of Commerce is currently working with relevant departments to promote some specific project cooperation, reorganize expert committees, carry out research on the index system of goods trade digitalization, and promote digital service providers and foreign trade enterprises to jointly solve problems related to the digitalization process.

  Wang Shouwen said that the Ministry of Commerce insisted on "letting data run more and enterprises run less". While deepening the digitalization of trade management and trade mode, the Ministry of Commerce is actively studying and promoting the digitalization of trade links, trade services and trade subjects.

  Specifically, Wang Shouwen said, the first is to promote digitalization in trade supply and mining. For example, develop digital exhibitions and enhance the platform function at major trade exhibitions. Canton Fair is one of the best application scenarios of trade digitalization. The Ministry of Commerce supports online promotion, supply and mining docking and online and offline information sharing of enterprises by using the platform of Canton Fair digitalization.

  The second is to promote digitalization in trade services. Relying on the "single window" of international trade, we will deepen the exchange and sharing of trade data across departments and regions. The Ministry of Commerce supports local governments to sort out all aspects of the import and export trade process, and carry out one-stop application integration in customs clearance, taxation, quarantine, finance, insurance, logistics, payment, etc., so as to effectively facilitate enterprise customs declaration and promote digitalization in the whole link of service and goods trade.

  The third is to promote digitalization in trade infrastructure. Accelerate the construction of smart overseas warehouses and smart ports, promote the safe and controllable automatic loading and unloading and the application of automatic systems, improve the level of electronic circulation of port operation documents, realize data sharing and cooperative operation among ports, warehouses, freight forwarders, shipping companies, fleets, foreign trade enterprises and their agents, and implement digital management of the whole process. The fourth is the digital international rule-making of goods trade.

  The fifth is to try first in trade digitalization. For example, the Ministry of Commerce supports Guangdong’s construction of a digital pilot zone for global trade around Greater Bay Area, refines policies and pilot schemes, focuses on the digitalization of key links such as manufacturing, marketing, customs clearance at ports, warehousing and logistics, after-sales service and financial services, supports the docking of data flow rules for cross-border trade in Greater Bay Area, strengthens standard interoperability, and supports mutual recognition and data sharing.

The number of new energy vehicles in China reached 7.84 million (new data and new points)

  Beijing, 11 Jan (Reporter Zhang Tianpei) The reporter learned from the Ministry of Public Security that in 2021, the number of motor vehicles in China reached 395 million, including 302 million cars; There are 481 million motorists, including 444 million motorists. In 2021, there were 36.74 million newly registered motor vehicles nationwide, an increase of 10.38% over the previous year.

  According to reports, by the end of 2021, the number of new energy vehicles in China reached 7.84 million, accounting for 2.60% of the total number of vehicles, an increase of 59.25% compared with the previous year. Among them, there are 6.4 million pure electric vehicles, accounting for 81.63% of the total number of new energy vehicles. In 2021, 2.95 million new energy vehicles were registered nationwide, accounting for 11.25% of the total number of newly registered vehicles, an increase of 1.78 million vehicles or 151.61% compared with the previous year. In the past five years, the number of newly registered new energy vehicles has increased rapidly from 650,000 in 2017 to 2.95 million in 2021.

  It is understood that there are 79 cities in the country with more than one million cars, an increase of 9 cities over the same period of last year. There are over 2 million vehicles in 35 cities and over 3 million vehicles in 20 cities, including over 5 million vehicles in Beijing, Chengdu and Chongqing, and over 4 million vehicles in Suzhou, Shanghai, Zhengzhou and Xi ‘an.

  People’s Daily (January 12, 2022, 01 edition)

Financial figures | Jin Jiankang, president of Shaoxing Bank, was promoted to chairman, and set up a platform with the new president of ABC.

Source: Xinhua Rong Media sees finance and economics
Author: Li Na
Recently, the leadership of Shaoxing Bank has undergone major adjustments. On December 23rd, official website of Shaoxing Bank disclosed that on December 22nd, Shaoxing Bank held a board meeting and shareholders’ meeting, at which Jin Jiankang was elected as the chairman of Shaoxing Bank. Elect Chen Jun as the director and vice chairman of Shaoxing Bank, and appoint him as the president of Shaoxing Bank; Xu Jiangjun was elected as the deputy secretary of the Party Committee and nominated as a director. The qualifications for the above positions shall be approved by the regulatory authorities.
According to the data, Jin Jiankang is a financial veteran with more than 30 years’ experience. Previously, he mainly worked in China Bank and Wenzhou Bank. After working as the vice president of Wenzhou Bank for one year, Jin Jiankang was appointed as the president of Shaoxing Bank in April 2019. After a year and a half, he has now been promoted to the chairman of Shaoxing Bank. Chen Jun, the new president who succeeded him, was selected by market, and was previously the vice president of Shaoxing Branch of Agricultural Bank of China.
Dongfang Jincheng Rating Report pointed out that in recent years, due to the pressure of impairment losses, Shaoxing Bank’s profitability is average, its profit retention is limited, and it faces a more urgent demand for capital replenishment. Since 2020, the bank has improved its capital adequacy ratio through capital increase and share expansion and the issuance of secondary capital bonds. According to the third quarterly report, as of September 30, 2020, the capital adequacy ratio of Shaoxing Bank was 11.97%, the tier-one capital adequacy ratio was 8.99% and the core tier-one capital adequacy ratio was 8.99%. With the decision of the new chairman and president, the important task of Shaoxing Bank’s future operation and development falls on the shoulders of the new team.
The leadership of Shaoxing Bank has been greatly adjusted.
According to information from official website, Shaoxing Bank, formerly known as Shaoxing City Commercial Bank, was established on December 31, 1997, and changed its current name in 2009. It is a local joint-stock commercial bank with first-class legal person qualification, and its largest shareholder, Shaoxing Financial Investment Co., Ltd., holds 18.54% of the shares. The head office of Shaoxing Bank is located in Shaoxing City, Zhejiang Province, and its business mainly covers Shaoxing City, Jiaxing, Zhoushan, Taizhou and other cities. By the end of June 2020, it had opened 5 off-site branches, 64 branches (including the business department of the head office) and 17 community branches, with a total of 86 outlets.
The reporter noted that in order to enhance the brand image, during the National Day this year, Shaoxing Bank just launched a new bank logo. Near the end of the year, many senior executives of Shaoxing Bank once again heard the news of personnel changes, and a new leadership team was established.
According to the news released by Guan Wei, on the morning of December 22, the bank held a meeting of cadres of the whole bank to announce the decision of the municipal party Committee on adjusting the leadership of Shaoxing Bank. At the meeting, the leaders of the Organization Department of the Municipal Party Committee read out the documents of the Municipal Party Committee. The Municipal Party Committee decided that Jin Jiankang was appointed as Party Secretary of Shaoxing Bank and nominated as Chairman of Shaoxing Bank; Chen Jun was appointed Deputy Secretary of Party Committee of Shaoxing Bank, and was nominated as Director, Vice Chairman and President of Shaoxing Bank; Xu Jiangjun was appointed Deputy Secretary of the Party Committee of Shaoxing Bank and nominated as a director of Shaoxing Bank.
The reporter learned that Jin Jiankang was originally the president of Shaoxing Bank. Official website of Shaoxing Bank shows that in April 2019, Jin Jiankang was appointed as Deputy Secretary, Vice Chairman and President of Shaoxing Bank. In June 2019, Zhejiang Supervision Bureau of China Banking and Insurance Regulatory Commission, China issued an announcement, approving Jin Jiankang’s qualifications as vice chairman and president of Shaoxing Bank. During his tenure, Jin Jiankang was responsible for the operation of the whole bank and presided over the management work.
Jin Jiankang is a financial veteran with more than 30 years of banking experience. According to the data, Jin Jiankang was born in August 1967 in Zhuji, Zhejiang, and joined the work in August 1989. Jin Jiankang mainly worked in the banking system of China in his early years, and served as a loan officer, deputy chief of credit unit, director of Anchang Branch and office director of Shaoxing County Branch of China Bank. Deputy Director of Corporate Business Department of Shaoxing Branch of Bank of China; Vice President (presiding) and President of China Bank Wenzhou ouhai district Sub-branch; Director of Retail Business Department and Director of Personal Finance Department of Bank of China Wenzhou Branch; Vice President of Quzhou Branch of Bank of China. After Jin Jiankang entered Wenzhou Bank. He used to be the president of Hangzhou Branch of Wenzhou Bank and the supervisor of Wenzhou Bank. On June 21st, 2018, the former Zhejiang Supervision Bureau of China Banking Regulatory Commission approved Jin Jiankang’s qualification as vice chairman and vice president of Wenzhou Bank Co., Ltd..
That is, Jin Jiankang, the vice president of Wenzhou Bank for only one year, was transferred to Shaoxing Bank. In another year and a half, Jin Jiankang was promoted to be the chairman of Shaoxing Bank.
According to the disclosure, the new president Chen Jun was selected by the market. According to the data, Chen Jun has the background of Agricultural Bank of China. On June 25th, 2018, Shaoxing Banking Insurance Regulatory Bureau approved Chen Jun’s qualification as the vice president of Shaoxing Branch of Agricultural Bank of China. According to Tianyancha information, from December 2012 to May 2018, Chen Jun was the legal representative of Shaoxing Ke Qiao Sub-branch of Agricultural Bank of China.
The reporter learned from official website of Shaoxing Bank that since October 2014, the post of president of Shaoxing Bank, which has always been appointed administratively, began to be openly recruited for the society. "Personnel reform is one of the key points of Shaoxing Bank’s current reform. From now on, the municipal party committee and the municipal government will only have one chairman and party secretary, and the president and other management personnel will be selected by market, and the original administrative level will be abolished and they will be positioned as professional managers." The relevant person in charge of Shaoxing SASAC said. The establishment of modern corporate governance structure is an important measure for internal reform of Shaoxing Bank.
Regarding the changes in the senior management lineup of Shaoxing Bank, officials of the Standing Committee of the Municipal Party Committee and the Organization Department pointed out that this personnel adjustment is an important personnel decision made by the Municipal Party Committee after comprehensive consideration and careful study, which reflects the concern and attention of the Municipal Party Committee to the construction of the leading group of Shaoxing Bank. Jin Jiankang said that he will unite and lead the staff of the whole bank, seize the opportunity, gather strength, work hard, and strive to find a new way in reform and innovation with the sense of responsibility and mental state of "taking orders from the DPRK and drinking ice in the evening". Chen Jun said that he will be familiar with the situation as soon as possible, integrate into the Shaoxing Bank family as soon as possible, and work together with everyone to make Shaoxing Bank bigger and stronger under the leadership of Chairman Jin in accordance with the decision-making arrangements of the municipal party committee and municipal government.
The historical burden is not small, and the new leadership team shoulders heavy responsibilities.
At the meeting on December 22, officials of the Standing Committee of the Municipal Party Committee and the Organization Department put forward four requirements for the next development of Shaoxing Bank: First, we should strengthen the awareness of development and maintain creative tension; Second, we should strengthen the awareness of taking the lead and stimulate the motivation of reform; Third, it is necessary to establish risk awareness and improve prevention and control capabilities; Fourth, it is necessary to strengthen team consciousness and unite the joint efforts of officers.
The reporter noted that at present, Shaoxing Bank is under certain pressure mainly in terms of capital. According to the requirements of the regulatory authorities, the core tier 1 capital adequacy ratio of commercial banks shall not be less than 7.5%, tier 1 capital adequacy ratio shall not be less than 8.5%, and capital adequacy ratio shall not be less than 10.5%. Judging from the financial report data of Shaoxing Bank in the past three years, the above three indicators are close to the regulatory red line, and the Tier 1 capital adequacy ratio at the end of 2019 is only 0.12 percentage points away from the minimum regulatory requirements.
According to the latest third quarterly report, as of September 30, 2020, the capital adequacy ratio of Shaoxing Bank was 11.97%, the tier-one capital adequacy ratio was 8.99% and the core tier-one capital adequacy ratio was 8.99%. The improvement of capital adequacy ratio is related to the bank’s capital increase and the issuance of capital replenishment tools.
On February 27th this year, China Banking and Insurance Regulatory Commission official website announced that Shaoxing Bank’s capital increase and share expansion plan had been approved. In April 2020, Shaoxing Bank increased its registered capital by 1.2 billion yuan through capital increase and share expansion. This is the sixth time that the bank has increased its capital and shares since its establishment. According to industrial and commercial information, the registered capital of Shaoxing Bank is currently 3.538 billion yuan. The total shareholding of state-owned shareholders of the bank accounted for 57.47%, an increase of 19.03 percentage points over the beginning of the year.
In addition, on May 13th this year, China Banking and Insurance Regulatory Commission official website disclosed that the Zhejiang Supervision Bureau of China Banking and Insurance Regulatory Commission agreed to Shaoxing Bank to issue tier-two capital bonds of no more than RMB 3 billion, which will be included in the tier-two capital of Shaoxing Bank in accordance with relevant regulations. It is understood that the bank has issued 1 billion yuan of Tier 2 capital replenishment tools in August and October 2020. The reporter noted that China Money Network recently announced that Shaoxing Bank plans to issue the third phase of Tier 2 capital bonds with a total amount of RMB 1 billion in the national inter-bank bond market. It is expected that the capital adequacy ratio will be further improved in the future.
In terms of asset quality, the reporter noted that in recent years, the non-performing loan ratio of Shaoxing Bank has been rising continuously for a period of time. The data shows that from 2015 to 2017, the balance of non-performing loans of Shaoxing Bank was 624 million yuan, 749 million yuan and 843 million yuan respectively, and the non-performing loan ratio in the same period was 1.68%, 1.73% and 1.78% respectively. At the end of 2018, the non-performing loan ratio of Shaoxing Bank rose to 2.2%, reaching its peak in recent years. In the same year, the bank’s provision coverage ratio dropped to 125.48%, which was lower than the regulatory standard.
In the latest announcement on the issuance of tier-2 capital bonds, Shaoxing Bank said that after reduction and verification at the end of 2019, it was found that there were non-performing loans and non-clean transfer of non-performing assets, and the historical burden of non-performing assets was heavy. After the above-mentioned off-balance-sheet NPLs are returned to the balance sheet, in 2020, the Bank will dispose of NPLs through collection, sale and transfer, capital increase and write-off of provisions. As of June 30, 2020, the non-performing loans and non-performing assets that were not included in the bank have all been reflected and disposed of. At the same time, firmly grasp the operation, improve profits, and increase provision. By the end of June 2020, the non-performing loan ratio of Shaoxing Bank had dropped to 1.44%, and the provision coverage ratio was 176.49%. Shaoxing Bank said that it would further improve the credit supply and disposal of non-performing assets to control the scale of non-performing assets.
The 2019 annual report shows that as of the end of last year, the total assets of Shaoxing Bank were 128.329 billion yuan. In 2019, it achieved revenue of 2.381 billion yuan, a year-on-year increase of 21.98%; The net profit was 472 million yuan, a year-on-year increase of 21.34%. Based on good performance, Shaoxing Bank has set the main business objectives for 2020 as follows: total assets reach 142 billion yuan; The balance of various deposits reached 101.6 billion yuan; The balance of various loans reached 78.2 billion yuan; The non-performing loan ratio of the five-level classification is less than 1.5%; Bad deviation should be controlled within 100%; The yield is over 97.5%; The profit before provision reached 1.65 billion yuan.
According to the third quarterly report in 2020, as of September 30, 2020, the total assets of Shaoxing Bank were 150.336 billion yuan. From January to September this year, the operating income of Shaoxing Bank was 2.22 billion yuan, with a total profit of 709 million yuan and a net profit of 641 million yuan.
At present, whether Shaoxing Bank can achieve its set goals as expected remains to be disclosed in the 2020 annual report. The next stage of development will fall on the shoulders of the new team.
Reporting/feedback

The zoo panda attacked the female tourists savagely and tore her arms hard.

  Great Wall Online News At about 10: 10 a.m. on December 30, 2008, a giant panda injured people in Congtai Park in Handan City. A woman entered the panda’s living area and wanted to have a "zero distance" close contact with the panda. She didn’t want to be bitten by a panda who suddenly became angry.


  According to witnesses on the scene, at that time, the lady entered the corridor outside the living area of the giant panda. She first took pictures of the giant panda through the iron fence, and then fed it some food. When the lady touched the head of the giant panda with her hand, the originally docile giant panda suddenly became wild and violently bit the lady’s arm and tore it hard. The tourists were shocked for a moment. It took more than ten seconds before someone reacted and shouted to try to drive it away, but it still held on tightly. Later, the tourists called the park security guard. Before the security guard arrived, the giant panda just tore off the sleeves of the lady’s red down jacket shoulder-to-shoulder, and the lady escaped from the bear’s mouth. The whole process lasted for several minutes. Ten minutes later, the 120 ambulance of Handan Emergency Center arrived, and the wounded were simply treated and sent to the hospital for treatment.


  On the morning of the 31st, the reporter rushed to Congtai Park for an interview and found that the Panda Pavilion was temporarily closed. The staff said that it would open on New Year’s Day, and now further protection work is being done.


  The reporter learned from Congtai Park that the bitten woman was a staff member of a company. On the morning of that day, she came to the Panda Pavilion to get in touch with the "sunshine". Unexpectedly, there was an accident. The person in charge also said that the injured woman is in good condition and has been discharged.


  It is understood that this wounded giant panda named "Sunshine" in Congtai Park of Handan City is a descendant of the mascot "Panpan" of the 11th Asian Games in Beijing. He is 6 years old and male. I only stayed in Congtai Park in November 2008.


  According to relevant personnel, giant pandas generally don’t take the initiative to attack humans, but they may attack when they are in a bad mood or under external stimulation. Sunshine came to Handan from Sichuan, and the environment is adapting, which is one of the reasons for this situation.

Editor: Liu Haifeng

Counting Jinjiang | Nine groups of data to understand "Jinjiang experience"

  Jinjiang, a county-level city under the jurisdiction of Quanzhou, Fujian, is named after the gentry of the Central Plains moved south to avoid the war and lived by the river during the Western Jin Dynasty.

  Over the past 40 years of reform and opening-up, by vigorously developing private economy, brand economy and real economy, Jinjiang has jumped from a poor agricultural county to one of the top ten counties in the country, and embarked on the road of characteristic county development.

  How does Jinjiang forge miracles? The answer is here:

  From 1996 to 2002, the supreme leader comrades went to Jinjiang seven times in six years. In 2002, on the basis of investigation and study, he systematically and completely summarized the "Jinjiang Experience" and put forward "Six Persistences" and "Correctly Handling Five Relationships". This theory has become the ideological program and action guide to guide Jinjiang and even Fujian to accelerate reform and all-round development.

  How awesome is the real economy express built with "Jinjiang Experience"? In the past 16 years, what new changes have taken place in Jinjiang?

  First, Jinjiang’s new road to urbanization

  Jinjiang has a land area of 649 square kilometers and a coastline of 121 kilometers. In 1992, the county was withdrawn to set up a city, which governed 13 towns, 6 streets and 395 administrative villages (communities). At the beginning of reform and opening-up, Jinjiang could not develop agriculture because of its rich hilly red soil and coastal saline-alkali sandy land, so it was necessary to introduce industry into the countryside and implement the development strategy of township enterprises. Since then, Jinjiang urban construction has entered the track.

  For a long time, Jinjiang has insisted on planning and construction of 649 square kilometers as a city, and truly realized the integration of a city and urban and rural areas. Take the expressway anywhere in Jinjiang within 15 minutes, reach any town in the urban area within 20 minutes, and reach between towns within 30 minutes. Jinjiang has gradually changed from a "mega-town" where cities are not like cities and rural areas are not like rural areas to a modern city with ecologically livable and perfect functions.

  Second, Jinjiang’s regional GDP reached 198.15 billion last year.

  By 2017, Jinjiang’s GDP had reached 198.15 billion yuan, an increase of 8.2% over the previous year, 1,366 times that of 1978, 7.2 times that of 2002 and 1.6 times that of 2012.

  Jinjiang’s total economic output ranks first in Fujian Province for 24 consecutive years. In 2017, the top five counties (cities) in Fujian’s economic strength were Jinjiang, shishi city, Fuqing, Minhou and Nan ‘an. In addition, the basic competitiveness of county economy ranked 5-7 in China for 17 consecutive years.

  In 1989, Jinjiang’s fiscal revenue exceeded 100 million yuan; In 2000, it exceeded one billion; In 2010, the total fiscal revenue of Jinjiang exceeded 10 billion yuan for the first time, reaching 10.023 billion yuan, becoming the first county-level city in Fujian Province. By 2017, the total fiscal revenue of Jinjiang City will be 21.223 billion yuan.

  The most distinctive feature of the "Jinjiang Experience" is that it is firmly biting the development of the real economy and not relaxing. In the economic structure of Jinjiang, the real economy is booming. According to the data of Jinjiang Economic and Information Bureau, the contribution from the real economy accounts for more than 60% of the city’s total GDP, and the output value, taxes and jobs created by the real economy account for more than 95%.

  In recent years, Jinjiang has accelerated the conversion of old and new kinetic energy, and the industrial structure has been continuously optimized. In 2017, the added value of the primary, secondary and tertiary industries in Jinjiang City was 2.129 billion yuan, 119.611 billion yuan and 76.41 billion yuan, down by 1.5%, up by 6.6% and up by 11.1% respectively.

  In the economic structure of Jinjiang, the private economy is "nine out of ten in the world". By the end of 2017, there were 51,100 enterprises in Jinjiang and 48,400 private enterprises.

  Driven by the support of private real economy, since the reform and opening up, the total industrial output value of Jinjiang City has increased at an average annual rate of 24%, achieving leap-forward development. By 2017, the total industrial output value will reach 481 billion yuan.

  By 2017, Jinjiang had built two billion industrial clusters, namely, textile and clothing, shoemaking, building materials and ceramics, food and beverage, paper products, equipment manufacturing and new materials, with 822 enterprises exceeding 100 million yuan.

  In 1992, two enterprises with industrial output value exceeding 100 million yuan appeared for the first time in Jinjiang. In 1998, the number of enterprises exceeding 100 million yuan exceeded 10; In 2003, there were 100 enterprises exceeding 100 million yuan; In 2014, there were over 600 enterprises exceeding 100 million yuan, and in 2017, there were 822 enterprises exceeding 100 million yuan.

  As of 2017, Jinjiang has 46 listed companies, and the number of listed companies leads all counties in China. In 1998, Hengan Group was listed in Hong Kong.

  Data sources: Fujian Statistical Yearbook and China Academy of Social Sciences’ New Development and Enlightenment of Quanzhou’s Practice of Jinjiang Experience.

  Special thanks: Jinjiang Municipal Bureau of Statistics and Propaganda Department of Jinjiang Municipal Committee.

"Burst Point" is announced to be fixed on 12.8 Zhang Jiahui and Chen Weiting brothers turn against each other


1905 movie network news Recently, the movie starring,, and has released a preview and poster, announcing that it will be officially released on December 8.


"Burst Point" tells the story of Chief Inspector Li Zhenbang (Zhang Jiahui) and undercover police officer Jiang Ming (Chen Weiting) secretly executing a plan to hunt down drug dealers. Helpless to encounter danger, Jiang Ming is forced to walk the edge of black and white and gradually loses control. In order to stick to the bottom line, former teammates have mutual killing intentions. Suspicion, anger, madness, disappointment… All the staff lost their minds and were on the verge of collapse!


A deeper and deeper vortex, as the anti-drug mission jointly executed by Chief Inspector Li Zhenbang (Zhang Jiahui, played) and undercover police officer Jiang Ming (Chen Weiting, played) unfolds. How did he know that his colleague died tragically, Jiang Ming’s hands were stained with blood, his undercover identity was exposed, the mission was forced to be terminated, and the former brothers were faced with parting ways. Everyone reached the "breaking point" on the verge of collapse. Officer Bang lost his mind and drove his car into his former teammates, feeling crazy; Jiang Ming raised a boulder and smashed it at the enemy, killing his eyes red; Yingxiu (Liang Luoshi, played) issued a desperate roar in the face of the great change, tearing his heart and lungs apart.


This time, Zhang Jiahui and Chen Weiting not only staged the "love and kill" drama of brothers against each other in the play, but also were "abused" by the director outside the play to the point of physical and mental exhaustion. Zhang Jiahui contributed the most "life-threatening" performance in the industry, chasing, gunfights, and fighting in person. At the same time, this is also Chen Weiting’s challenge to high-difficulty Hong Kong films again after many years. The silver-haired style is eye-catching, and the ensuing depression and war damage are particularly heart-wrenching.


Zaozhuang Xingyue L is on sale! The special price is 122,200, and the quantity is limited.

[car home Zaozhuang Preferential Promotion Channel] Recently, we learned from the market that preferential activities are being carried out in Zaozhuang area, and the maximum preferential amount has reached 15,000 yuan. At present, the minimum starting price of Xingyue L is 122,200 yuan. If you are interested in this car, you may wish to click "Check the car price" in the quotation form to get a higher discount.

枣庄星越L特价出售!特价12.22万,数量有限

The exterior design of Xingyue L is full of modernity and strength. The front face adopts the family-style "energy field" design, and with the large-area air intake grille, it creates a strong visual impact. Overall style, Xingyue L adopts a streamlined body design with sharp lines, showing a dynamic shape. At the same time, the chrome trim and sports wheels on the side of the car body also add a sense of luxury and fashion.

枣庄星越L特价出售!特价12.22万,数量有限

The body size of Xingyue L is 4770*1895*1689mm and the wheelbase is 2845mm, which provides sufficient guarantee for the interior space. Smooth side lines, with 245/45 R20 tires and unique rim design, not only enhance the overall aesthetic feeling of the vehicle, but also provide excellent handling performance.

枣庄星越L特价出售!特价12.22万,数量有限

The interior design of Xingyue L is modern and exquisite, with a luxurious leather steering wheel, which supports manual adjustment up and down and back and forth, providing excellent grip and comfort. The center console is equipped with a 12.3-inch large-size touch screen, built-in advanced multimedia system and navigation function, supports voice recognition control, and brings convenient operation experience to drivers. The car is also equipped with multiple USB and Type-C interfaces to ensure the charging requirements of mobile phones and electronic devices. The front seats are made of imitation leather, and the main driver’s seat supports a variety of adjustment methods, including front and rear, backrest, height and lumbar support adjustment, as well as heating, ventilation and massage functions, providing a full range of comfortable experience. The co-pilot seat also supports front and rear and backrest adjustment. In addition, the car is also equipped with electric seat memory function, and both the front driver’s seat and the co-driver’s seat can be used, further improving the convenience and comfort of driving. The second row of seats also supports backrest adjustment, and the rear seats can provide more storage space after being put down to meet diversified use needs.

枣庄星越L特价出售!特价12.22万,数量有限

Xingyue L is equipped with a 2.0T L4 engine with a maximum power of 175kW(238 HP) and a maximum torque of 350N·m, which is matched with an 8-speed automatic manual transmission, providing the vehicle with a strong power output and a smooth shifting experience.

Car home car owners are full of praise for the exterior design of Xingyue L. He mentioned: "Xingyue L’s body shape is stable and atmospheric, with smooth streamline and distinctive front face, and its overall appearance is attractive. Although the compact SUV is positioned, the appearance feels very tall. The front waterfall net is similar to Xingrui. It is the latest generation design language of Geely, and it is decorated with a large area of chrome, which is very gorgeous. "

Taking stock of the rational anti-Japanese demonstrations across the country in 2012

Around "September 18th" last year, massive anti-Japanese demonstrations broke out all over the country. Observer Network helps you to review last year’s demonstrations.

On September 18th, demonstrations broke out in many mainland cities such as Guangzhou, Shenzhen, Nanjing, Changsha, Qingdao, Hangzhou, Xi ‘an and Dali, Yunnan. In Dongguan, Changsha, Qingdao and other cities, incidents such as confrontation between the police and the people and arson once occurred. The Japan Broadcasting Association said that there were anti-Japanese demonstrations in at least 52 cities. Kyodo News estimated that as many as 70,000 people took part in the demonstrations, which was the largest anti-Japanese demonstration among Japanese people since the normalization of diplomatic relations between China and China in 1972. NHK said that anti-Japanese demonstrations broke out in more than 100 cities a few days before September 18th last year.

On September 15, 2012, in front of the Japanese Embassy in China, a girl wiped the egg residue on the helmet for the armed police.

On September 15, 2012, in front of the Japanese Embassy in China, a girl wiped the egg residue on the helmet for the armed police.

On September 16th, an anti-Japanese demonstration took place in Guangzhou — — On the road in front of the Garden Hotel, a boy silently picked up the rubbish left by passers-by.

On September 18th, an anti-Japanese demonstration took place in Beijing. An old Beijing man surnamed Ma, who lives in the northeast of his hometown, picked up garbage during the demonstration, saying that "if you see too much garbage, you should pick it up", and the police on the side also came forward to help.

On September 16th, at the scene of the anti-Japanese demonstration in Xiamen, citizens covered the logo of an approaching Nissan car with the China flag, so that the owners could drive away safely.

On September 16, at the scene of the anti-Japanese demonstration in Xiamen, the citizens covered the logo of the coming Nissan car with the China flag to let the owner drive away safely.

On September 16th, an anti-Japanese demonstration took place in front of the Japanese Embassy in Beijing.

On September 16th, an anti-Japanese demonstration took place in front of the Japanese Embassy in Beijing.

On September 16th, an anti-Japanese demonstration took place in front of the Japanese Embassy in Beijing. 

On September 16th, an anti-Japanese demonstration took place in Chengdu.

On September 16th, an anti-Japanese demonstration took place in Chengdu.

On September 16th, an anti-Japanese demonstration took place in Chengdu.

On September 16th, an anti-Japanese demonstration took place in Chengdu.

Turn the page to see the scene map of the parade around.

 

Hong kong anti-Japanese demonstration

Anti-Japanese demonstrations in Hong Kong.

On September 16th, Hong Kong staged an anti-Japanese demonstration.

Beijing anti-Japanese demonstration

Beijing anti-Japanese demonstration

Beijing anti-Japanese demonstration

On September 16th, an anti-Japanese demonstration took place in front of the Japanese Embassy in Beijing.

Beijing anti-Japanese demonstration

On September 16, a water bottle was thrown by protesters in front of the Japanese Embassy in Beijing.

The argument of nationalization of Diaoyu Island was first thrown by Japanese right-wing forces, and Shintaro Ishihara, as a key figure, played a key role in this farce. Japanese Prime Minister Noda Yoshihiko also publicly expressed his support and joined. The theory of purchasing islands directly led to the sharp deterioration of Sino-Japanese relations. On the morning of September 10, 2012, the Japanese government held a cabinet meeting and decided to "nationalize" Diaoyu Island, North Island and South Island with 2.05 billion yen from the so-called "land owners". On September 11th, we signed a "sales contract" with the so-called "landowner" of Diaoyu Island.

 

There were more than 10,000 participants in the anti-Japanese demonstrations in Guangzhou, and the procession broke into the building area where the Japanese Consulate General was located. More than 10,000 people took part in the parade in Shenzhen. Since the Diaoyu Islands were "nationalized" on September 11th, 2013, demonstrations in Beijing and Shanghai have lasted for more than six days.

On September 16, Shenzhen, the scene of the anti-Japanese demonstration.

On September 16, Shenzhen, the scene of the anti-Japanese demonstration.

On September 16, a large-scale anti-Japanese demonstration was held in Shenzhen, and the armed police maintained order at the scene.

On September 16, a large-scale anti-Japanese demonstration was held in Shenzhen, and the armed police maintained order at the scene.

On September 16th, Shanghai anti-Japanese demonstration scene map.

"One billion young people and one billion soldiers, the national humiliation is not for children and grandchildren."

On September 16th, an anti-Japanese demonstration took place in Shanghai.

On September 16th, an anti-Japanese demonstration took place in Shanghai.

On September 16, Shanghai, the scene of the anti-Japanese demonstration.

On September 16, near the Japanese Consulate in Shanghai, a policeman tried to put out the flame of the Japanese flag lit by protesters.

On September 16, near the Japanese Consulate in Shanghai, a policeman tried to put out the flame of the Japanese flag lit by protesters.

Quanzhou anti-Japanese demonstration

On September 16th, Quanzhou, the scene of the anti-Japanese demonstration.

On September 16th, an anti-Japanese demonstration was held in Foshan, Guangdong.

On September 16th, an anti-Japanese demonstration was held in Foshan, Guangdong.

Turn the page to see more reviews of anti-Japanese demonstrations.

 

On September 16th, an anti-Japanese demonstration took place in Guangzhou — — On the road in front of the Garden Hotel, a boy silently picked up the rubbish left by passers-by.

On September 16th, an anti-Japanese demonstration took place in Guangzhou — — On the road in front of the Garden Hotel, a boy silently picked up the rubbish left by passers-by.

On September 16, a girl holding a slogan outside the Japanese Embassy in China, Beijing.

On September 16, a girl holding a slogan outside the Japanese Embassy in China, Beijing.

A citizen of Xi 'an stood at the intersection with a card to remind the public that "the Japanese car will turn around when it hits the car ahead".

A citizen of Xi ‘an stood at the intersection with a card to remind the public that "the Japanese car will turn around when it hits the car ahead". 

On September 16th, during the anti-Japanese demonstration in Guangzhou, a woman leaned over and put the flowers that had been pushed to the ground back into the flower bed.

On September 16th, during the anti-Japanese demonstration in Guangzhou, a woman leaned over and put the flowers that had been pushed to the ground back into the flower bed.

By 12: 00 on September 16th, 2012, there were more than 44 million Weibo articles about Diaoyu Island on Sina Weibo alone. Faced with the tide of public opinion on the Internet and on the streets, Weibo, an official of local government information offices and public security system, voiced their voices one after another, calling on citizens to express their patriotic demands peacefully and rationally according to law, and said that they would seriously deal with illegal and criminal acts that took the opportunity to make trouble. 

On September 16th, an anti-Japanese demonstration was held in Guangzhou.

On September 16th, an anti-Japanese demonstration was held in Guangzhou.

On September 16th, an anti-Japanese demonstration was held in Huizhou, Guangdong.

On September 16th, an anti-Japanese demonstration was held in Huizhou, Guangdong.

On September 16, Wanzhou, the scene of the anti-Japanese demonstration.

On September 16th, at the scene of the anti-Japanese demonstration in Wanzhou, "Wan Li’s Great Wall has one billion soldiers, and the more Mayangyao entered Tokyo".

On September 16th, Fuzhou, Fujian Agriculture and Forestry University, the "Diaoyu Island" sign was erected in the school pond.

On September 16th, Fuzhou, Fujian Agriculture and Forestry University, the "Diaoyu Island" sign was erected in the school pond.

On September 16, Hangzhou, the scene of the anti-Japanese demonstration.

On September 16, Hangzhou, the scene of the anti-Japanese demonstration.

On September 10th, 2013, eight Chinese Marine Police formations, including 2350, 1115, 1126, 2112, 2113, 2146, 2506 and 2151, cruised in the territorial waters of the Diaoyu Islands. This is the eighth time that China Marine Police has organized a fleet of ships to cruise in the territorial waters of Diaoyu Island since the reorganization of the State Oceanic Administration and the enforcement of maritime rights protection in the name of China Marine Police.

According to the data released by the State Oceanic Administration of China on the 10th, since the Japanese government announced the nationalization of the Diaoyu Islands in September last year, China’s law enforcement vessels have patrolled around the Diaoyu Islands for 59 times, with one joint air and sea cruise in the territorial waters of the Diaoyu Islands. The longest continuous cruise in the territorial waters is 28 hours and 36 minutes, and the nearest distance is 0.28 nautical miles.

On September 16th, an anti-Japanese demonstration was held in Chengdu.

The scene of the anti-Japanese demonstration in Chengdu on September 16th.

On September 16th, an anti-Japanese demonstration took place in Chengdu.

(Comprehensive news from China Youth Network, Netease, Phoenix Network, etc.)