作者： admin

Long-awaited, three favorable policies for real estate are coming.

　　Zhongfang. com (Yachen/Wen) has been calling for a long time, and the real estate has finally ushered in three favorable policies.

　　According to the news of Xinhua News Agency on August 25th, the Ministry of Housing and Urban-Rural Development, the People’s Bank of China and the General Administration of Financial Supervision recently jointly issued the Notice on Optimizing the Criteria for Determining the Number of Housing Units in Personal Housing Loans (hereinafter referred to as the Notice) to promote the implementation of the policy and measures of "recognizing the house without recognizing the loan" when purchasing the first home loan.

　　On the same day, the Ministry of Finance, the State Administration of Taxation and the Ministry of Housing and Urban-Rural Development also issued the "Announcement on Continuing to Implement Individual Income Tax Policies to Support Residents to Purchase Houses" to continue to support residents to improve their housing conditions and give preferential tax refund to the individual income tax paid for the sale of existing houses. In addition, the Ministry of Finance and the State Administration of Taxation also issued the Announcement on Continuing to Implement Tax Preferential Policies for Public Rental Housing, and decided to continue to implement tax preferential policies for public rental housing.

　　Previously, the Ministry of Housing and Urban-Rural Development had put forward policies and measures such as tax reduction and exemption for improved housing redemption and "no need to recognize loans" for personal housing loans at the enterprise symposium held at the end of July.

　　Nowadays, the introduction of the above-mentioned policies conforms to the spirit of the Politburo meeting and the optimization and adjustment of the real estate policy orientation mentioned by the National Standing Committee, which is of great guiding significance for the subsequent introduction of relevant policies in local areas.

　　Promote the implementation of the first home loan "recognizing the house but not the loan"

　　The Notice clarifies that when households (including borrowers, spouses and minor children) apply for loans to buy commercial housing, if family members do not have complete sets of housing in the local name, banking financial institutions will implement the housing credit policy according to the first set of housing, regardless of whether they have used loans to buy housing.

　　The relevant person in charge of the Ministry of Housing and Urban-Rural Development said that this policy will enable more buyers to enjoy the down payment ratio and interest rate concessions for the first home loan, which will help reduce the cost of housing purchase for residents and better meet the demand for rigid and improved housing.

　　Wang Xiaotong, chief analyst of Zhuge Data Research Center, pointed out that "recognizing the house without recognizing the loan" is conducive to the release of improved demand, and it is also in line with the policy of better meeting the demand for improved and reasonable housing, enhancing market activity and promoting the stable development of the real estate market.

　　According to the statistics of Zhuge’s housing search, as of August 3, 18 key cities under its monitoring, including Beijing, Shanghai, Guangzhou, Shenzhen, Xi ‘an, Xiamen, Chengdu, Changsha, Hefei, Fuzhou, Wuhan, Qingdao, Ningbo, Chongqing, Shijiazhuang, Zhuhai, Dongguan and Haikou, are still implementing the policy of "recognizing housing and repaying loans". With the introduction of this policy, the above cities are expected to further open up the space for policy optimization.

　　It is understood that the above-mentioned "Notice" also proposed that this policy, as a policy tool, be included in the "one city, one policy" toolbox for cities to choose independently.

　　Wang Xiaoyu believes that this means that "recognizing housing and not lending" meets the policy implementation standards, but it is still necessary for local governments to decide whether to use it. It is expected that in the context of the current market downturn, the probability of first-tier cities following up is greater.

　　According to Yan Yuejin, research director of Yiju Research Institute, this has two advantages. First of all, it is linked to the market situation, which helps the implementation of policies to better meet the needs of the market. Secondly, it is more flexible to implement such policies in big cities. In some big cities, the current market is cold and hot, so we can make a better policy of "recognizing the house but not the loan" according to the market research. Yan Yuejin said that in view of the current call for the implementation of housing recognition but not loan recognition, it is expected that first-tier cities will gradually introduce new mortgage policies from the end of August to the beginning of September.

　　Continue to implement the personal income tax policy to support residents to buy houses.

　　On the same day, the Ministry of Finance, the State Administration of Taxation and the Ministry of Housing and Urban-Rural Development also issued the Announcement on Continuing the Implementation of Individual Income Tax Policies to Support Residents to Purchase Houses (hereinafter referred to as Announcement No.28).

　　According to Announcement No.28, from January 1, 2024 to December 31, 2025, taxpayers who sell their own houses and re-purchase houses in the market within one year after the sale of their existing houses will be given preferential tax refund for the personal income tax paid for the sale of their existing houses. Among them, if the newly purchased housing amount is greater than or equal to the current housing transfer amount, all the paid personal income tax will be refunded; If the amount of newly purchased housing is less than the transfer amount of existing housing, the personal income tax paid for the sale of existing housing will be refunded according to the proportion of newly purchased housing to the transfer amount of existing housing.

　　Announcement No.28 clarifies that the current housing transfer amount is the market transaction price of the housing transfer. If the newly purchased house is a new house, the purchase amount is the transaction price indicated in the purchase contract signed by the taxpayer in the housing and urban-rural construction department; If the newly purchased house is a second-hand house, the purchase amount shall be the transaction price of the house.

　　Announcement No.28 stipulates that taxpayers with preferential policies must meet two conditions at the same time: First, the houses sold and repurchased by taxpayers should be within the same city. The same city scope refers to the scope of all administrative divisions under the jurisdiction of the same municipality, sub-provincial cities and prefecture-level cities (regions, prefectures and leagues); Second, the taxpayer who sells his own house must be directly related to the newly purchased house and should be the owner or one of the owners of the newly purchased house.

　　In fact, this policy was previously released in September 2022. This policy emphasizes the continuation of the tax rebate policy for repurchased houses, so that buyers can better enjoy the benefits of tax rebate.

　　Yan Yuejin believes that the introduction of policies by the Ministry of Finance and other three departments has a positive orientation. It further shows that the fiscal and taxation policy is an important embodiment of supporting the housing market at present. It is necessary to further publicize such policies, especially to actively release the policy effects in the light of the favorable background of the recent market expectation adjustment.

　　Continue to implement preferential tax policies for public rental housing.

　　In addition, the Ministry of Finance and the State Administration of Taxation also issued the Announcement on Continuing to Implement Preferential Tax Policies for Public Rental Housing on the same day (hereinafter referred to as Announcement No.33). The land used during the construction of public rental housing and the land occupied after the completion of public rental housing are exempted from urban land use tax.

　　It is reported that supporting the construction of public rental housing in other housing projects is exempt from urban land use tax involved in the construction and management of public rental housing according to the proportion of the construction area of public rental housing to the total construction area.

　　Announcement No.33 proposes that the public rental housing management unit shall be exempted from the stamp duty involved in the construction and management of public rental housing. Supporting the construction of public rental housing in other housing projects, the stamp duty involved in the construction and management of public rental housing shall be exempted according to the proportion of the construction area of public rental housing to the total construction area.

　　The purchase of housing by the public rental housing management unit as public rental housing is exempt from deed tax and stamp duty; Both parties to the public rental housing lease are exempt from stamp duty involved in signing the lease agreement. Enterprises, institutions, social organizations and other organizations transfer old houses as public rental housing, and the value-added amount does not exceed 20% of the deducted project amount, which is exempted from land value-added tax.

　　Announcement No.33 also clarifies that public rental housing is exempt from property tax. The rental income obtained from operating public rental housing shall be exempted from value-added tax. The management unit of public rental housing should separately calculate the rental income of public rental housing. If it is not separately calculated, it shall not enjoy the preferential policies of exemption from value-added tax and property tax.

The 15-year-old boy tied for the lead at the start of the Suzhou Tour of Golf.

Xinhua News Agency, Nanjing, October 19 (Reporter Wang Hengzhi) The China Professional Golf Tour mitsubishi electric Automation Open kicked off at Taihu International Golf Club in Suzhou, Jiangsu Province on October 19. Yuan Tian, a 41-year-old veteran, and Zhou Yanhan, a 15-year-old teenager, and Yang Xiaowei, a player from Hong Kong, China, led with a score of 66, 6 under par.
Zhou Yanhan made a blockbuster at the Chongqing Open at the end of 2022, becoming the third young player to win the China Tour that year. On the 19th, he caught birds continuously in the second half of the game, and finally scored 66, 6 under par. After the game, he bluntly said that the hitting quality was "lower than expected".
Yuan Tian, 41, is a contemporary of Zhou Yanhan’s father, Zhou Xunshu. Now Zhou Xunshu plays with his son, and Yuan Tian tied for the lead with Zhou Yanhan on the first day of the game with his excellent performance in the first half.
Tied for the first place with the two men is China Hong Kong player Yang Xiaowei. At the age of 21, he hit the Tour for the first time. Yang Xiaowei said after the game: "I’m not so familiar with the grass seeds on the court here, but I think I should get better with more time to adapt." I want to win every game, and I made a good start today. "
As the only female player in the competition, Ni Zixin, a female double champion in China Tour and an amateur player, shot 79 and tied for 95th place temporarily. After the game, she rated herself 70 points, but in the game, "I was not really nervous, just excited, because this was my first time to play a men’s professional game."
Ni Zixin also hopes that playing in the men’s middle tour will inspire more young players. "I think I should make the children more confident. Don’t feel that girls will not work hard if they can’t beat boys. I also believe that this competition will be of great help to my confidence."
The tournament was hosted by China Golf Association, co-organized by Jiangsu Golf Association and Suzhou Taihu National Tourism Resort Management Committee, supported by Suzhou Sports Bureau, certified by China Golf Tour, and jointly hosted by Mitsubishi Electric Automation (China) Co., Ltd. and China Women’s Professional Golf Tournament (Beijing) Co., Ltd. (End)
Reporting/feedback

Brush the screen! The 63-year-old chairman of China’s largest gold mine married his 38-year-old wife. The company has a market value of 150 billion yuan. Bride： Believe in love!

Source: China Gold Online Network
A shares closed in September: the Shanghai Composite Index fell by more than 5% in five consecutive Yin San stock indexes.
Is it love or money behind the marriage with a difference of 26 years?
On October 7th, the wedding of Chen Jinghe, chairman of Zijin Mining, was brushed on Weibo Hot Search.
Image source: Sina Weibo
The bride said at the wedding that true love can cross and break through the boundaries of age. The groom is the owner of the largest gold mine in China, and the market value of listed companies exceeds 150 billion. The bride, Ms. Qian Bing, is an economist and M&A dealer.
The video circulating on the Internet shows that at the wedding, the bride Qian Bing teased that when she first met Chen Jinghe, the mining expert might have found that the girl in front of her was a high-grade gold mine.
The wedding is hotly debated.
It is said that in China, gold has Chen Jinghe, copper has Wang Wenyin and aluminum has Zhang Shiping.
According to the data, 63-year-old Chen Jinghe graduated from Fuzhou University with a master’s degree in geology, a professor-level senior engineer, enjoying special allowance from the State Council, a deputy to the Tenth People’s Congress of Fujian Province, and a vice president of the China Gold Association. From 1986 to 1992, he worked in Minxi Geological Brigade, was the main discoverer and exploration organizer of Zijinshan Copper Mine, and served as the chairman of Zijin Mining since 2000.
While netizens are curious about what kind of beautiful woman the chairman of this listed company with a market value of over 150 billion yuan married, the 25-year-old age difference between 63-year-old Chen Jinghe and 38-year-old newlywed wife also triggered a heated discussion among netizens. Some netizens said that they "don’t believe in love", and some netizens thought that "a perfect match is a blessing".
Net biography, the bride’s name is "Qian Bing", an American MBA, who has served as the vice president of the channel department of a famous financial company for many years, and is an economist and M&A trader. In this regard, some netizens ridiculed that this marriage is the most successful merger and acquisition made by Ms. Qian.
Image source: Netease News
Many netizens have begun to express "believe in love"
It is understood that Chen Jinghe was not married for the first time. His first wife Lai Jinlian died of illness in January 2013, and Chen Jinghe sent a special message to mourn his beloved wife.
Wind data shows that Zijin Mining has a total market value of 156.1 billion yuan and a total share capital of 25.4 billion shares. The latest share price of A shares is 6.15 yuan, and the share price of Hong Kong stocks is 5.16 Hong Kong dollars. The actual controller of Zijin Mining is Minxi Xinghang State-owned Assets Investment Management Co., Ltd.
According to the 2019 annual report, as of the end of last year, Chen Jinghe held 127 million shares, which was not among the top ten shareholders.
Image source: the company’s 2019 annual report
According to the semi-annual report of Zijin Mining in 2020, on July 27th, 2020, Chen Jinghe transferred 51 million A shares of the company to his son due to the arrangement of family property distribution. According to the latest stock price calculation, these shares are worth 314 million yuan.
Image source: 2020 semi-annual report
As of the reporting period, Chen Jinghe still holds 76.05 million shares of the company (including 15 million H shares). According to the latest stock price calculation, its market value of A shares is 375 million yuan, and the market value of Hong Kong shares is 77.4 million Hong Kong dollars.
Flying out of overseas "black swan"
In April this year, Zijin Mining announced that the company’s Bogla gold mine project in Papua New Guinea (hereinafter referred to as "Papua New Guinea") did not obtain the application for extension of the special mining rights of the Papua New Guinea government.
The data shows that from 2017 to 2019, the mineral gold of Zijin Mining was 37.48 tons, 36.5 tons and 40.83 tons respectively. In 2019, the company got 8.83 tons of equity output from Bogla Gold Mine, which was the largest source of mineral gold, accounting for about 21% of the company’s total mineral gold in that year. The company’s second and third largest gold mines did not exceed 6 tons. Zijin Mining said that the suspension of production of Pogra gold mine will have a greater impact on the company’s gold production. Affected by this, Zijin Mining’s share price plummeted by more than 9% the day after the announcement, and fell by nearly 10 billion yuan in just one day.
According to the latest news of mining journal, on September 25th, the Supreme Court of Papua New Guinea rejected the application for the renewal of the mining right of Bogla Gold Mine. The Supreme Court of Papua New Guinea also ruled that the gold mine will be operated by the Papua New Guinea state-owned enterprise Kumur Mining Holdings Co., Ltd.
Meanwhile, on September 30th, PNG Prime Minister James Marape issued a statement: "I urge barrick companies to be humble and abide by the rule of law." According to the statement, in the mining development contract signed by barrick and PNG Mineral Resources Administration in 1989, there was a clause that reserved the government’s right to Pogra Gold Mine, namely, "Pogra Gold Mine became a national asset on the date when the mining right expired, and the state did not bear any expenses or compensation."
Although the "black swan incident" was exposed, the shares of Zijin Mining A shares and Hong Kong stocks have been on the rise since March. Among them, in just 113 trading days from March 19 to September 1, the cumulative increase of A-share price was as high as 119.28%, and then it fell back.
Source: Wind
As for the decline in output that may be caused by the extension of the application for renewal of mineral rights in Bogla Gold Mine, Chuancai Securities believes that Zijin Mining’s acquisition of Buritika Gold Mine and Guiana Gold Field will increase the production capacity of 13 tons of mineral gold, which can effectively make up for the decline in output that may be caused by the extension of mineral rights in Bogla Gold Mine. In the future, the company’s mineral gold output will grow steadily and remain above 40 tons.
Reporting/feedback

81 acres of arable land turned into a golf course! The Ministry of Natural Resources notified the investigation and handling results of four listed supervision cases.

In September and November 2022, the Ministry of Natural Resources publicly listed and supervised four cases of illegal land use. On August 29, 2023, according to the Measures of the Ministry of Natural Resources for Supervising and Publicly Reporting Cases of Violation of Laws and Regulations, the Ministry of Natural Resources reported the investigation and handling results of four cases.

Source: website of the Ministry of Natural Resources

1. The problem of illegal occupation of land by Longde Real Estate Development Co., Ltd. in Datong City, Shanxi Province to build a golf course

The golf course project of Datong Longde Real Estate Development Co., Ltd., namely the golf course of Shanxi Datong Tulin Eco-tourism and Sightseeing Park, is located in Xingsheng Village and Jianpu Village, Dangliuzhuang Township, Yunzhou District, Datong City (formerly datong county, county reform area in 2018). Construction started in August 2012, and by November 2014, the underground facilities of the West Stadium (9 holes) and the East Stadium were completed, covering a total area of 954.51 mu (451.77 mu in the West Stadium and 502.74 mu in the East Stadium), including 81 mu of cultivated land, 1.85 mu of rural roads and 871.66 mu of unused land, and the stadium was not put into operation. After the merger of Datong Longde Real Estate Development Co., Ltd. in January 2017, the construction of Yun Qi Nongkanglv Ecological Leisure Sports Project was implemented on the original stadium. The golf course has not been investigated and rectified according to the relevant requirements, and the characteristics of the golf course have not been completely eliminated until July 2022. At present, the stadium involved has been banned.

Datong municipal government and enterprises initialled the cooperation framework agreement and inspected the imported projects. The executive meeting of the municipal government, the special meeting of the municipal government and other decisions were implemented by the former datong county municipal government and the pre-project construction was promoted. There were some problems such as lax control and inadequate supervision. From August, 2010 to November, 2014, the former Datong County Party Committee and the county government included the golf course project into the construction of the eco-sports park in the supplementary agreement through the special meeting of the party and government of the county party Committee, the standing meeting of the county government, the office meeting of the county magistrate, and the special meeting, etc. Later, although the clauses related to the golf course were abolished and the supplementary agreement was re-signed, the relevant construction was not stopped in time, which resulted in the fact that the golf course illegally occupied land, which constituted the illegal approval of land use. In addition, there are problems such as ineffective cleaning and rectification of golf courses in Yunzhou District and illegal occupation of land by Datong Longde Real Estate Development Co., Ltd.

Shanxi Provincial Department of Natural Resources made clear the handling opinions after organizing the investigation:Confirm that the contents related to golf courses in the minutes and documents of relevant meetings of Datong Municipal Government and the former Datong County Party Committee and County Government are invalid, and confirm that the contents related to the transfer of land for non-agricultural construction in the agreement and supplementary agreement signed between the former datong county Municipal Government and enterprises are invalid, and Datong Longde Real Estate Development Co., Ltd. should use the transferred land according to laws and regulations. The Yunzhou district government was ordered to control the farmland illegally occupied by the golf course project and restore the farming conditions, and return it to the collective economic organization to ensure the agricultural use of farmland. Dispose of illegal buildings (demolished) according to the law and regulations. In accordance with the cadre management authority, the problem clues will be transferred to the discipline inspection and supervision organs for accountability according to the law.

Two, Haikou City, Hainan Province Landscape and Environmental Sanitation Administration illegal land construction ecological restoration project.

The first-phase water system ecological restoration project in the south area of the West Coast New District of Haikou City is located in Changliu Town and Xixiu Town, xiuying district City, Haikou City. The construction unit is Haikou City Garden and Environmental Sanitation Administration. The construction contents include connecting and expanding rivers, topographic arrangement and cross-strait greening according to the flood control and drainage planning. Construction started in July 2019 and stopped in October 2021, covering a total area of 1,099.34 mu, including 291.23 mu of cultivated land, 417.24 mu of forest land, 25.23 mu of other agricultural land, 315.88 mu of construction land and 49.76 mu of unused land, which were used to excavate rivers (67.04 mu of cultivated land) and plant trees and grass on both sides of the river. At present, 857.50 mu has gone through the formalities of agricultural land conversion and land expropriation (46.93 mu has not gone through the formalities of land supply), 200.92 mu of land (35.54 mu of cultivated land) has not yet completed the formalities of agricultural land conversion and land expropriation, and 40.92 mu of state-owned construction land has not gone through the formalities of land supply.

From December, 2010 to July, 2019, without going through the land use formalities according to law, the Haikou Municipal Government decided that the xiuying district Municipal Government would carry out land acquisition by holding a special meeting, determining the starting time and urging the construction to start, and the Haikou Municipal Bureau of Landscape Architecture and Environmental Sanitation organized the construction, which constituted an illegal act of approving land acquisition and use. In the process of project construction, the relevant departments and units failed to perform their supervisory duties.

Hainan Provincial Department of Natural Resources and Planning made clear the handling opinions after organizing the investigation:It is confirmed that the relevant contents in the relevant special meetings and documents of Haikou Municipal Government involving illegal approval of land acquisition and use are invalid, and the land use shall be handled in accordance with laws and regulations. For the land that has not yet obtained the land use procedures, the land use procedures shall be improved according to the national land spatial planning after the illegal problems are disposed in place. In accordance with the cadre management authority, the problem clues will be transferred to the discipline inspection and supervision organs for accountability according to the law.

Third, the problem of illegal land use by Global Century Exhibition Tourism Group Co., Ltd. in Renshou County, Meishan City, Sichuan Province to build a global Sunac future city project

Universal Sunac Future City Project, namely legoland Project, is located in Shigao Street, Renshou County, and is invested and constructed by Zhongjun Tianxin (Beijing) Culture Co., Ltd. and Global Century Exhibition and Tourism Group Co., Ltd. The project started from June 2020 to October 2021, covering a total area of 5,067 mu. Among them, 3,660 mu of agricultural land conversion, land acquisition and land supply procedures were handled before the start of construction; 550 mu of agricultural land conversion and land expropriation have been handled, but the land has not been provided for the construction of sales department and parking lot; Construction started on 857 mu without going through the formalities of agricultural land conversion and land expropriation. At present, 646 mu has gone through the formalities, and there are still 211 mu without going through the formalities of land use for building green landscapes, amusement facilities and roads.

From June 2018 to April 2021, Renshou County Party Committee and county government organized and promoted the implementation of land acquisition, compensation and project construction by setting up a leading group for promoting work, a project promotion headquarters, and convening the standing committee of the county party Committee and the county government and other relevant meetings without going through the land use procedures according to the law, which constituted an illegal act of approving land acquisition and use. Relevant units and departments have problems such as illegal land acquisition compensation, promoting the construction of projects and some supporting facilities, and inadequate supervision and inspection.

Sichuan Provincial Department of Natural Resources made clear the handling opinions after organizing the investigation:Confirm that the contents of the relevant meetings of Renshou County Party Committee, county government and project promotion headquarters involving illegal approval of land acquisition and use are invalid. Recover the land illegally approved for expropriation and use according to law; For the land that has not yet gone through the formalities for land use, it shall be ordered to restore the original state of the land and return it to the original collective economic organization. Built buildings (structures) on the ground, after the disposal of illegal problems is in place, improve the land use and construction procedures according to the law. In accordance with the cadre management authority, the problem clues will be transferred to the discipline inspection and supervision organs for accountability according to the law. The Renshou County Party Committee and the county government were instructed to make an in-depth inspection to the Meishan Municipal Party Committee and the Municipal Government.

Four, Sichuan Dazhou Dachuan District "Tianyingzhai" Ginkgo Landscape Forest Demonstration Park illegal land use.

Tianyingzhai Ginkgo Landscape Forest Demonstration Park Project is located in Wanjia Town, Dachuan District, Dazhou City, including Ginkgo Planting Park, Ginkgo Avenue, Baidao Flower Lake, Commercial Street, Reception Center, Tianyingzhai B&B and so on. The construction unit of Yinxing Avenue is Dazhou Daoda Transportation Development Co., Ltd., and others are mainly invested and constructed by Sichuan Youteng Agricultural Technology Co., Ltd. The project was constructed from February 2017 to December 2021, covering a total area of 16,700 mu (75.53.36 mu of cultivated land, including 18.96.62 mu of permanent basic farmland), including: 14,800 mu of ginkgo forest (5,822.52 mu of cultivated land, including 1,044.41 mu of permanent basic farmland); 574.28 mu of non-agricultural construction (415.33 mu of cultivated land, including 3.62 mu of permanent basic farmland), of which 557.21 mu of land has not gone through land use procedures; The original purpose of 1347.62 mu (1298.44 mu of cultivated land, including 848.59 mu of permanent basic farmland) has not been changed.

Dachuan District Party Committee and District Government arranged relevant units and departments and development enterprises to implement land acquisition compensation and promote project construction in the name of land transfer by signing investment agreements and convening the Standing Committee of the District Party Committee and the Standing Committee of the District Government, which constituted illegal approval of land acquisition and use. In addition, there are problems such as illegal preparation and approval of urban and rural planning, illegal return of land transfer fees, and failure of relevant units and departments to perform supervision and inspection duties according to laws and regulations.

Sichuan Provincial Department of Natural Resources made clear the handling opinions after organizing the investigation:It is confirmed that the contents of relevant meetings of Dachuan District Party Committee and District Government involving illegal approval of expropriation, land use and illegal return of land transfer fees are invalid, and the land is recovered according to law and returned to the original collective economic organization, and the Dachuan District Government will correct the problem of illegal return of land transfer fees. After the illegal problems are disposed of in accordance with the law, corrective measures such as improving relevant procedures, restoring cultivated land planting or forestry planting will be taken respectively; For planting ginkgo trees on cultivated land, we should handle them safely and prudently, and withdraw or rectify them in an orderly manner. The Dazhou municipal government shall order it to correct the problem of illegal and illegal preparation and approval of urban and rural planning. In accordance with the cadre management authority, the problem clues will be transferred to the discipline inspection and supervision organs for accountability according to the law. Instruct Dachuan District Party Committee and District Government to make an in-depth inspection to Dazhou Municipal Party Committee and Municipal Government.

Editor-in-Chief: Zhang Wu

Text Editor: Yang Rong

Author: People’s Network

Title map source: map worm

Photo editor: Su Wei

The reporter from the reception desk investigated that the illegal golf course in Yulin desertification area of Shaanxi Province has been in business for more than ten years without any approval proce

　　On September 11th, a reporter from the Central Radio and Television General Station conducted an on-the-spot investigation in Yulin City, Shaanxi Province, and found that a golf course covering an area of nearly 3,000 mu was in operation in a project called "Green Taosha Desert Eco-city" in Yulin Sandy Forest Park, 16 kilometers northwest of Yulin City.

　　Yulin City, located in the north of Shaanxi Province, is the junction of Mu Us Sandy Land and Loess Plateau, with an annual precipitation of only about 400 mm, a semi-arid continental monsoon climate and a typical desertification and desertification area. Why can a golf course be built in Yulin, which is seriously short of water? The reporter conducted a field visit.

　　During the visit, the reporter learned that the golf course belongs to the reservation system, and there is a security guard at the entrance of the ecological park. Non-members and reserved customers are forbidden to enter. Under the guidance of the local people, the reporter saw the scene inside through aerial photography. Almost all the lawns in the ecological park are mowed, and the terrain is patchy. Battery cars pull guests to shuttle between different greens, and many people are swinging on the lawn to play ball. After many contacts, the reporter entered the golf course in the "Green Taosha Desert Eco-city". The staff of the golf course introduced that the golf course started construction in 2008 and opened to the public in 2011. The planning of the course is more than 4,000 mu, because the whole course is distributed among many sand dunes, and the fairway fluctuates greatly. Playing here is more challenging than ordinary golf courses, and it is a rare desert golf course in China. The course is reserved and membership, with a minimum membership card of 320,000 yuan and a business card of 46,800 yuan. The staff said that although it is expensive, there are many people who come to play ball every day, ranging from 70 to 80 people to nearly 200 people.

　　In 2004, the General Office of the State Council issued a notice on suspending the construction of new golf courses. From January 10, 2004, local people’s governments at all levels and various departments in the State Council are not allowed to approve the construction of new golf courses. Why did the golf course in the "Green Taosha Desert Eco-city" in Yulin City start construction in 2008? Are there any relevant approval procedures for the stadium? In response to this problem, on September 12, the reporter visited the Yulin Municipal Development and Reform Commission. The staff of the Social Development Section of the Yulin Municipal Development and Reform Commission said that the Green Taosha Golf Course had not fulfilled the project approval procedures. The reporter learned from the Natural Resources and Planning Bureau of Yulin City that the Green Taosha Golf Course is an illegal construction project without approval procedures. After comparing the satellite images of the second and third national land surveys by the data center, before the construction of the golf course, the land attribute was "shrub land". According to preliminary statistics, only 18 fairways of Green Taosha Golf Course cover an area of 2,960 mu, and all the above-ground buildings are unapproved.

　　Bai Ge, the captain of the Fourth Brigade of the Law Enforcement Detachment of Yuyang District Natural Resources Bureau, Yulin City, said that they had repeatedly stopped enforcing the law at the Green Taosha Golf Course, with a cumulative fine of more than 2 million yuan. The reporter learned from the staff of the golf course that the golf course has been punished many times, and will be closed for a few days after each fine, and then continue to operate. As we all know, golf projects need to consume a lot of water resources because of lawn maintenance. Yulin City is located in arid and semi-arid areas, which is a typical fragile ecological environment. Why can a golf course without any approval procedures be built in the national ban and repeatedly punished? How to solve the water consumption of golf courses in areas with serious water shortage? The reporter from the General Station is further visiting and investigating related issues.

　　(Headquarters reporter Chen Wu, Liu Haitao, Xu Hui)

Gansu Volkswagen Alpine Skiing Invitational Tournament started.

Original title: Gansu Volkswagen Alpine Skiing Invitational Tournament started.
On January 20th, Wang Lijun, a player from Gansu Lexue Team 1, competed in the men’s slalom. Xinhua News Agency reporter Fang Xinshe
On the same day, the 9th Volkswagen Alpine Ski Invitational Tournament in Gansu Province started at Songmingyan International Ski Resort in Linxia Hui Autonomous Prefecture and Hezhen County, Gansu Province.
On January 20 th, Li Xianglong, a parallel double board player, competed in the men’s slalom. Xinhua News Agency reporter Fang Xinshe
On January 20th, Ma Yongzhen, a team player from Fataishan, Gansu, competed in the men’s slalom. Xinhua News Agency reporter Fang Xinshe
On January 20th, Su Xinchen, a player from the second team of Ai Xue Sports Shuangban, competed in the men’s slalom. Xinhua News Agency reporter Fang Xinshe
On January 20th, Sun Yanpeng, a team player of JDI Ski Club in Yuzhong, was in the men’s slalom competition. Xinhua News Agency reporter Fang Xinshe
On January 20th, Tai Xuwan, a team player of Ai Xue Sports Shuangban, competed in the men’s slalom. Xinhua News Agency reporter Fang Xinshe
On January 20, Dai Zhiwei, a player from the first team in Fataishan, Gansu Province, competed in the men’s slalom. Xinhua News Agency reporter Fang Xinshe
On January 20th, Dai Zhiwei, a team player from Fataishan, Gansu, crossed the finish line in the men’s slalom. Xinhua News Agency reporter Zhang Zhimin photo
Source: Xinhuanet
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＂Old House＂ Becomes ＂New House＂ More than 600 households in Chongqing have a group dinner together.

The picture shows the community residents getting together to pack jiaozi. Photo by zhōng·yǐ
(Going to the Grassroots in the Spring Festival) "Old Houses" Become "New Houses" More than 600 households in Chongqing have a reunion dinner together.
Zhongxin. com, Chongqing, January 16 th Title: "Old House" has changed into "New House". More than 600 households in Chongqing have a group dinner together.
Zhongxin. com reporter zhōng·yǐ
Bao jiaozi, writing Spring Festival couplets, painting sugar people … On the 16th, in Xingjiaqiao Community, Renhe Street, Liangjiang New District, Chongqing, there was a surge of "flavor of the year" everywhere. More than 600 households in the community gathered together to share the reunion dinner, raise a glass to celebrate the change of hundreds of households’ "old houses" into "new houses", and "happily move to new homes and celebrate the New Year" to wish a better life in the future.
The picture shows the activities of writing Spring Festival couplets in the community. Photo by zhōng·yǐ
The resettlement houses in Xingjiaqiao community have just undergone a comprehensive renovation project that lasted for nearly a year, which has improved the problems of old houses, old hospitals, old houses, old facilities and poor living environment in this area. At the beginning of 2020, the comprehensive renovation of 488 residential houses in the community was gradually completed, and residents moved back to their new homes one after another.
The picture shows more than 600 households in the community gathered together to share the reunion dinner. Photo by Zhong Xin
Through the photo exhibition, video materials and lively reunion dinner set up on the spot, the reporter felt the great changes in the lives of the residents in the area and their joy on their faces.
Xingjiaqiao Community is one of the earliest development and construction areas in the whole Liangjiang New Area. The community resettlement house was built in 1992, and it is a multi-storey brick-concrete structure commercial and residential building. Due to the early development and construction, it is obviously difficult to compare the planning layout, housing standards and materials used in the resettlement housing area with those in the modern community. In addition, after more than 20 years of baptism, the area has changed from a "new village" that everyone yearns for to an old old street.
The picture shows more than 600 households in the community gathered together to share the reunion dinner. Photo by Zhong Xin
"There are poor supporting facilities, poor security, poor municipal foundation, poor sanitary environment and poor living conditions. The poor living environment makes residents strongly hope to change the status quo." Xie Lan, secretary of the Party Committee of Xingjiaqiao Community, who has been rooted in the community for 17 years, said that 465 of the 488 houses leaked to varying degrees, and the walls and roofs of the living room and bedroom fell off; Cover the bed with film to keep out dust during the day, and lift it at night to sleep. From time to time, large pieces of dust and sand fall off the roof, which makes you sleepy. Cooking and cooking in the kitchen often leaves dust, adding some "seasoning" to the dishes; Don’t even dare to go to the toilet for a while, or you’ll have to take an umbrella and wear a straw hat. These are the true portrayal of residents’ life before the renovation of old houses.
All this is due to a policy that ushered in a "turning point"-in 2017, the Chongqing Municipal Party Committee and the Municipal Government included the renovation and upgrading of old residential areas in the urban upgrading action plan, and Xingjiaqiao community was included in the comprehensive renovation scope, involving 488 sets of resettlement houses, 91 facades and 1,422 people. The Management Committee of the Party Working Committee of Liangjiang New Area decided to renovate the area with the concept of urban repair and ecological restoration and the principles of safety, functionality, practicality, appreciation and economy.
At the end of 2018, the pilot building of Xingjiaqiao Community Comprehensive Improvement Project started. In March 2019, the comprehensive improvement project was officially launched.
It is worth mentioning that in the process of promoting the renovation of Xingjiaqiao’s old house, Xie Lan and his team worked with the spirit of "5+2" and "white+black", and reversed the residents’ attitude by organizing residents’ meetings, visiting door to door, customizing the plan for one household and decorating the model room. After being diagnosed with lung cancer, Xie Lan insisted on working despite illness, and won with tenacity, ingenuity, strength and enthusiasm.
On January 13th, 2020, Ms. Luo, the last resident who signed the resettlement house renovation project in Xingjiaqiao Community, Renhe Street, Liangjiang New District, came to the community office to sign the consent form for the renovation. It marks that the consent rate of Xingjiaqiao community home improvement project has reached 100%.
According to reports, the renovated Xingjiaqiao community will enjoy a five-story community service center, add about 800 parking spaces and build a new community park of 4,000 square meters to provide residents with a safe, convenient, comfortable and livable living environment.
Braised pork with plum vegetables, round brown sugar dumplings symbolizing family reunion, and roast duck with special characteristics indicating the future prosperity … At the scene, residents of Xingjiaqiao community sat together, sipping delicious dishes and toasting each other, and the laughter and blessings merged together, and the delicious dishes conveyed friendship and were filled with happiness and warmth.
"The renovation has not been completed yet, and we can’t relax. We will start a new task tomorrow. I want to thank the residents for their trust and support. In the future, I will, as always, stick to my original heart and always stand with the residents to contribute my modest strength to the bright future of Xingjiaqiao. " Xie Lan said.
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Wen Jiabao talks about the current financial crisis： confidence is more valuable than money and gold.


　　On September 27th, 2008 Tianjin Summer Davos Forum "Annual Meeting of New Champions" opened, and Premier Wen Jiabao of China attended and delivered a speech. He said that it is necessary to develop various financial markets and promote the stable and healthy development of the capital market. China News Agency issued Zhang Yushe


　　China news agency, Tianjin, September 27th (Reporter Weng Yang) Wen Jiabao, Prime Minister of the State Council, China, said here on the 27th that "confidence is more precious than money and gold" in the face of the current financial and even economic crisis in the world.


　　Before the opening ceremony of Davos Forum this summer, Wen Jiabao, who had just returned from the United States, had a discussion with hundreds of global CEO representatives and answered their questions. During this period, warm applause kept ringing from the audience.


　　In his speech at the forum, Wen Jiabao said that the most important thing to deal with the crisis is people’s confidence, especially the confidence of economists, entrepreneurs and business leaders.


　　Faced with a question from the CEO of a French enterprise about what role China will play in coping with the crisis, Wen Jiabao believes that cooperation is the most important thing for all entrepreneurs in the world, and Qi Xin needs to work together to cope with the crisis. China will unswervingly maintain steady and rapid economic development without major ups and downs, maintain the stability of the financial system and the healthy operation of the capital market. "China’s greatest support is to do its own thing well!"


　　When answering a question from a Hong Kong representative about how to treat "corporate ethics and corporate responsibility", Wen Jiabao said frankly: "Your question actually refers to the recent incident of tainted milk powder".


　　Wen Jiabao said that the China municipal government was very saddened by this incident, which was caused by many reasons, and the government was responsible for supervision, such as the purchase, production and quality inspection of milk powder. Regarding the phenomenon that some enterprises are desperate for profit, Wen Jiabao said, "We must never take human life and health as the price of enterprise development and economic development."


　　Wen Jiabao said that this incident will be seriously investigated and never let go, so that it will play a vigilant role throughout the country; Establish and improve the supervision and inspection system in all aspects; To establish enterprise ethics, professional ethics and social morality in the whole society, we must start with education, even from children’s education, but it may take a long time. He revealed that he will soon study how to make plans for dairy products and even the entire manufacturing industry.


　　After the opening ceremony, when asked by Schwab, chairman of Davos Forum, Wen Jiabao further pointed out, "Please believe that we will quickly put forward a plan to revitalize the whole food industry in China, not only the food industry, but also the dairy industry, so as to make the whole China a product that is reassuring to China people and the people of the world.


　　When answering a question from the representative of Deutsche Bank about whether China will assume a global leading role in the future, Wen Jiabao said, "Practically speaking, we can’t do it yet". On this issue, Wen Jiabao also expressed his personal views: if China people want to "lead" and catch up with and walk ahead of other countries, the key lies in people, their brains and intelligence, and they must be brave in innovation, including system innovation, scientific and technological innovation, enterprise innovation and product innovation. Without this, everything will not last.


　　Regarding a Japanese representative’s question about "What proactive measures will China take to maintain stable and rapid economic development under the current economic situation", Wen Jiabao replied: "When you say proactive, you mean the orientation of our policies. I can sum it up in four words, that is, flexibility and prudence. At this time, we should pay close attention to the trend of world economic development and take flexible and prudent measures according to the situation in China. In fact, if you are careful, you can see that China is moving. "


　　In answering Schwab’s question, Wen Jiabao especially thanked EU Trade Commissioner Mandelson. He said, "I saw Mr. Mandelson on Phoenix Satellite TV yesterday. He drank a glass of milk from China to show his trust in China products. I was very moved. Because he saw not only the present, but the future. After China discovered this problem, he didn’t cover it up. We faced it frankly and bravely solved it. This is the basis for solving the problem. I believe that I will never let the entrepreneurs here down, nor will I let China and the people of the world down. "


　　When asked by Schwab, Wen Jiabao also said that 2008 was indeed an extraordinary year for China. It can be said that there were joys and sorrows, even without exaggeration, there were great joys and great sorrows. Wen Jiabao said, in the face of disasters, as a leader, the most important thing is to be brave, never flinch, and take decisive measures in time. He said: "In the face of disasters, our nation has indeed shown the spirit of self-improvement, independence and hard work. As I often say, what they lose from disasters will always get the compensation they deserve. "


　　Regarding the current international financial turmoil and economic problems, Wen Jiabao said: "We must respond well and find a balance between economic growth, employment and inflation; We must overcome the problems of uncoordinated and unsustainable economy and make the economy develop in an orderly way; We must pay attention to energy conservation and environmental protection to cope with the pressure of population, resources and environment. "


　　Wen Jiabao also said emotionally: "In recent years, I have always said silently,’ It is not difficult to know the difficulties without taking refuge in office’. As long as our policies are correct and appropriate and unite the people, I think we will be able to tide over the difficulties."

Editor: Li Xingcun

KPMG China released the Double 50 List of Financial Technology Enterprises and analyzed the nine trends of financial technology development.

Recently, Chengdu held a conference on the development of financial technology industry. People in the industry took the development of financial technology as the breakthrough point, focused on the new trends of the industry, and discussed the depth and breadth of the development of financial technology industry.

At the meeting, Zhang Chudong, vice chairman of KPMG China and managing partner of financial industry in Asia-Pacific region and China, said that the Millennium is a turning point, and innovation is passed down. As an innovative highland of financial technology in western China, Chengdu’s rise in the field of financial technology in recent years is obvious to all. The vigorous development of digital economy provides favorable conditions for the innovation of financial technology; Many famous universities provide a large number of financial science and technology talents for the industry; As the core node and communication hub of the national network, Chengdu has provided a sound infrastructure for the development of the industry.

Zhang Chudong believes that these advantages constitute a solid cornerstone for the development of financial technology and promote Chengdu’s rapid and steady growth in the field of financial technology. KPMG has always placed the innovation and development of financial technology at the strategic forefront, and fully supported the innovative practice of financial technology. It is believed that KPMG and Chengdu will have more extensive and in-depth cooperation in the field of financial technology in the future to jointly promote the prosperity and development of the financial technology industry.

At the conference site, KPMG China released the Double 50 list of financial technology enterprises in 2023 and the annual trend report, among which the number of enterprises in Chengdu rose to 8, ranking fourth in the country. This report integrates the industry empowerment resources, combs the strategic advantages of special fields, and emphasizes the development trend of inclusive finance from "integration of numbers and reality" to "symbiosis of numbers and reality", hoping to promote the construction of China’s financial technology ecosystem.

At present, the rapid penetration of a new generation of information technology in various industries is the general trend, and the financial industry is the most important. Financial services have gradually evolved in the innovation and development of financial technology, which has opened a new situation of digital transformation and gradually become a new engine to promote the transformation and upgrading of the whole industry and the whole industrial chain.

Since the end of 2022, the explosive development of AI has brought huge imagination to the financial industry. KPMG’s latest report analyzes the nine trends of financial technology development in detail.

Trend 1: the development of financial big model will have a far-reaching impact on the paradigm of financial technology industry, and domestic manufacturers are actively developing the layout of financial big model; Trend 2: Science and technology investment pays more attention to output energy efficiency, and peer-to-peer science and technology output changes to ecological empowerment mode (integrated financial technology); Trend 3: AI helps wealth management innovation, and the core system of the organization is accelerated independently (wealth technology); Trend 4: Insurance technology has evolved into risk reduction management, and the service boundary (insurance technology) has been continuously expanded in combination with industrial upgrading; Trend 5: Digital symbiosis and digital platform services accelerate the development of inclusive finance (Pratt & Whitney Technology); Trend 6: Multi-parties join hands to expand the new blue ocean of supply chain finance, and scene product innovation is emerging (supply chain technology); Trend 7: Mobile payment innovation scenario application, cross-border payment opens up a new chapter (payment technology); Trend 8: regulatory technology is expected to improve regulatory efficiency with the help of large models (regulatory technology); Trend 9: A new round of development opportunities will be opened, and a big article on digital finance (platform technology empowerment) will be done with the tide.

Huang Aizhou, managing partner of KPMG China Financial Technology, said that in the process of digital transformation of the financial industry, there are unique advantages compared with other industries in the three pillars: algorithm, computing power and data, which are needed for the vertical model of the industry to land.

Among them, the data determines the intelligent scope of the big model, and the financial industry has mastered a large number of historical data and written materials, which provides natural convenience for the development of the big model of the industry; Financial technology enterprises have also formed their own unique solutions in the process of financial digitalization and intelligence in terms of algorithms and computing power. Huang Aizhou predicts that as the bottom big model changes from increment to stock stage, fighting for quality and landing will become the focus of competition, and the competitive advantage of enterprises on the reasoning side of the power model will be further revealed.

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Create characteristic products, insurance companies make efforts in the field of green finance of science and technology

Original title: Play the role of economic shock absorber and social stabilizer (cited topic)
Create characteristic products, insurance companies make efforts in the field of green finance of science and technology (theme)
Reporter Li Ben
In recent years, in order to give full play to the functions of economic shock absorber and social stabilizer of the insurance industry, many insurance companies have actively innovated in the fields of technology and finance, pension finance and green finance, and continuously promoted the development of the industry by creating their own characteristic products.
Serving scientific and technological innovation to help enterprises grow.
In recent years, insurance companies have made full use of the functions of financing, continuously deepened the multi-level, professional and characteristic financial service system, and made greater contributions to strategic emerging industries and technological innovation.
Zhang Baohui, the main person in charge of the strategy department of China PICC Group, said that PICC China actively followed up the risk management and protection needs of modern industrial entities, served the relevant national industrial policies effectively, and helped the high-quality development of the real economy. In the first 11 months of 2023, it provided insurance services to more than 900,000 enterprises, and the amount of risk protection exceeded 900 trillion yuan.
It is understood that China PICC provides risk protection for the transformation of traditional industries and helps to optimize and upgrade the industrial structure. The underwriting projects include domestic large aircraft C919; By focusing on the pain points and difficulties of the industry, we innovatively launched comprehensive insurance service plans for industrial parks such as chemical industry, biomedicine and new energy industry. In the first November of 2023, we provided 22.7 trillion yuan of risk protection for 132,000 enterprises in the park. In addition, the Group has also developed "Kechuangbao" combination products to provide risk protection for scientific research and development and transformation.
We should not only participate in risk protection, but also pay attention to project investment. By the end of the third quarter of 2023, the stock investment scale of China life insurance funds to support scientific and technological self-reliance exceeded 300 billion yuan, and a number of special projects were launched, such as the "China Life Insurance-Electronic Mixed Reform No.1 Equity Investment Plan" initiated by its asset company, which successfully completed fundraising and issuance.
Reinsurance, as insurance, is an important mechanism of social risk dispersion, and China Re Group also plays an important role in supporting scientific and technological innovation. Wang Zhongyu, deputy general manager of China Re Property Insurance, a subsidiary of China Re Group, introduced that China Re Property Insurance cooperated with the client company to sign the first "special contract for comprehensive insurance for specialized and special small and medium-sized enterprises" in China to innovate and promote the construction of small and medium-sized enterprises related to insurance services and the national modern industrial system. In addition, China Re-Property Insurance also supports the construction of domestic satellites and other projects all the year round, providing reinsurance risk protection of 100 billion yuan.
According to the data released by China Xinbao, in technology and finance, the company has increased its support for large-scale single machine and complete sets of equipment export projects with high technology and high added value, as well as strategic emerging industries and other key areas. Data show that from January to November 2023, China Xinbao supported seven industrial chains, including electronic information, household appliances, vehicle construction machinery, biomedicine, new energy, textiles and clothing and modern agriculture, with a total export value of 332.86 billion US dollars. "In the future, China Xinbao will further increase its support for new-generation information technology, new energy, high-end equipment and other strategic emerging industrial projects, help Chinese enterprises to fight key core technologies and help high-level scientific and technological innovation and industrial upgrading." Yang Minggang, general manager of China Credit Insurance Business Management Department, said.
Enriching old-age products to help "provide for the aged" and "enjoy the old"
In terms of the development of pension industry, in order to meet the challenge of aging, insurance companies have continuously increased their exploration and practice in pension, medical care, health and other related fields in recent years, giving full play to the long-term financial advantages of insurance and actively participating in the development of health industry and pension industry.
Zhao Guodong, vice president and secretary of the board of directors of China Life Insurance Company, said that for a long time, China Life has closely focused on the needs of the elderly in pension funds, personal safety, health management, disability care, and pension services, enriched the supply of pension financial products and services, and helped "the old people have a sense of security, which is difficult to help, the sick have medical care, and they have a sense of happiness", and strived to do a good job in this big article "Pension Finance". As the first investment manager of the basic old-age insurance fund, China Life Insurance’s pension insurance company provides investment management services for the basic old-age insurance fund of more than 40 billion yuan based on the principle of safety and stability, and its specific portfolio size and performance rank among the top in the market, making the people’s "pension money" become "safe money". It is understood that China Life Pension Insurance Company independently developed and launched a personal pension planning service system, and took the lead in launching commercial pension products in the industry. By the end of 2023, the stock scale was 7.9 billion yuan and the number of effective accounts was 340,000.
Zhongzai Group said that the Group closely followed the special needs of the elderly to innovate products, developed a variety of insurance products such as universal insurance for hypertension, serious illness of the elderly, and loss of disability income, and carried out the business model of "insurance+diagnosis and treatment+rehabilitation services" to achieve long-term care. Effective connection between risk protection and aged care services. At the same time, by hiring an external consulting company to study the international experience of long-term insurance, it provides strategic support for further promoting similar products in China.
As an enterprise with its management headquarters in Guangdong-Hong Kong-Macao Greater Bay Area, China Taiping has established "basing itself on Hong Kong and Macao and deeply cultivating Greater Bay Area" as the core direction of future development. It is understood that China Taiping preferred international medical resources to launch the "Taiping cross-border medical service platform" to create a cost-effective, long-term multi-dimensional cross-border nursing service system; The first continuous care and old-age community project "Kapok Family" in Greater Bay Area was launched in Guangzhou to further meet the diversified and multi-layered old-age service needs of Greater Bay Area customers.
It is worth noting that in recent years, insurance companies have continued to accelerate the old-age service system such as the old-age community and actively explore the sustainable development model of inclusive old-age care. It is generally believed in the industry that establishing a one-stop health ecosystem of "health management+medical service+insurance" by opening up industrial chains such as insurance, physical examination, rehabilitation, pension, medicines and hospitals can effectively improve customer stickiness and empower the growth of insurance business.
It is understood that China Life is accelerating the layout of community projects for the aged in Tianjin, Suzhou, Qingdao and other cities, and at the same time actively docking and investing in medical and health enterprises, and better meeting the people’s needs for healthy old-age care by integrating service resources such as health management and medical and pharmaceutical hospitals; People’s Insurance Company of China has also set up pension institutions in Jiangsu, Zhejiang and other places, with a total number of beds exceeding 10,000, and established a "warm-hearted and happy" pension service system.
Promoting Green Supply and Promoting Industry Development
With the increasing supply of green insurance, product types and coverage, the green insurance business of insurance companies has also developed rapidly in recent years around the goal of "double carbon". Earlier, the Central Financial Work Conference proposed that more financial resources should be used to promote scientific and technological innovation, advanced manufacturing, green development and small and medium-sized enterprises.
According to the data released by China Life Insurance, the financing needs in low-carbon, recycling and ecological fields are mainly supported through green credit, green bonds and green funds. By the end of the third quarter of 2023, the green investment stock of China life insurance funds exceeded 460 billion yuan. In terms of product categories, five ecosystem carbon sink products, including marine carbon sink index insurance, agricultural carbon sink insurance and forest carbon sink insurance, were innovatively launched, which achieved effective coverage of ecosystem carbon sink protection. In the first three quarters of 2023, China Life Insurance Company provided over 3.85 trillion yuan of risk protection for green industry enterprises and environmental responsibility risk protection for over 2,500 enterprises.
It is understood that PICC China has also innovated and promoted the supply of green insurance products, helping the green upgrade of modern industries. "We actively explore new energy industry insurance, implement new energy and smart auto insurance reform leading projects, and set up an expert team for key new energy automobile brands." Zhang Baohui said that in the first November of 2023, PICC China completed the development of 30 "double carbon" products such as enterprise sustainable development insurance, and the amount of insurance protection provided by corporate "double carbon" insurance products was 471.5 billion yuan, with a premium growth rate of 10.4%.
In the field of new energy, China Xinbao also has its own practice. According to reports, in 2023, China Xinbao optimized its green business underwriting policy and introduced new energy support measures, with a cumulative underwriting amount of nearly $39 billion in new energy and other fields. "In the future, China Xinbao will also increase its support for the construction of the green Belt and Road, and actively guide foreign trade, project contracting and foreign investment to achieve a green and low-carbon transformation." Yang Minggang said.
Source: Economic Information Daily
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