Platinum: at the helm of a large private enterprise group at the age of 26.

    Platinum sitting in front of the reporter has a baby face, which makes it difficult to connect him with the boss of a large private enterprise group company with total assets of 2.6 billion yuan.

    However, this young man, who is only 29 years old this year, rejected his father’s plan with a unique investment vision and invested heavily in real estate, so that the company’s total assets more than tripled in two years, and he was recognized as the most discerning young man in the circle.

    Even Platinum himself didn’t expect that when he was 26 years old, his father handed over Erdos Xintong Group Company to him for operation and management. Now, the company’s total assets reach 2.6 billion yuan, and it has 8 wholly-owned subsidiaries and 3 joint-stock enterprises. The company has more than 400 middle management and more than 4,000 employees. The company’s business involves construction, investment and real estate development.

    Start with a material engineer.

    Platinum’s father, Bai Fengming, is one of the people who got rich first in the society. Born in March 1979, Platinum has always enjoyed an excellent life.

    "When I was a child, I didn’t like to study, but I loved to play." Platinum smiled and recalled the past.

    After graduating from junior high school, Platinum attended Inner Mongolia Architectural School at her own expense, majoring in industrial and civil architecture. Because he has been on the construction site since childhood, he is very interested in architectural knowledge in professional courses, and his test scores can reach the middle level. When he graduated, he took the adult college entrance examination, was admitted to Inner Mongolia University of Technology, and studied industrial and civil architecture for three years.

    "After finishing school, I felt that I should do something. I thought about going to Shanghai at the beginning." But his father asked him to help on the construction site, and gradually there were more and more things at hand, and the idea of going out was forgotten day by day.

    In June, 2001, just graduated from college, he was arranged by his father to work as a material clerk in the project department of Hohhot City of Xintong Group Company, responsible for managing the purchase and distribution of various materials on the site.

    "In the past, my parents and teachers thought I couldn’t do it. Since I arrived at the construction site, I thought I must make some achievements for them to see." Platinum said.

    Platinum, which has always been playful, has completely changed since then. He can only sleep for about 3 hours every day, managing the entry and exit of various materials. When the stevedores are too busy, he will work with them. After a year, he has lost a lot of weight, "the eyes are black."

    "What moves me most is that although he is young, he is very serious about everything. Unlike other children, he doesn’t think that his father is the chairman of the board, so he doesn’t pay attention to his employees and often asks them questions humbly." Chen Haimei, then deputy manager of Hohhot Project Department of Xintong Group Company, said that when he was a material engineer, Platinum was on the construction site every day. In winter, he wore a cotton coat and carried materials with the workers, and sometimes he fell asleep when he sat on the concrete pier.

    Platinum, which can bear hardships, has been recognized by employees and fathers. In 2003, he was appointed as the manager of Hohhot Branch of Xintong Group Company.

    Triangular debts made him mature rapidly.

    After being the manager of Hohhot Branch of Xintong Group Company, Xintong Group successively built projects such as Hushi Shiao Building, Liyuan Sunshine City and Siziwangqi Party and Government Building. The quality and quantity of the project was completed as scheduled. Due to the troubles of the triangular debt, the work was done without money. The 50 million yuan invested by the company has thus become a dormant account.

    Platinum, who lives with migrant workers every day, can’t bear to default on their wages, so it raises funds to pay wages for migrant workers, and the rest of the money is paid back to some materials first.

    At that time, the phenomenon of triangular debt was very common in the construction industry. Party A didn’t give Platinum the project payment, so he didn’t have to give migrant workers wages and materials, but young Platinum tried his best to pay the due amount. At that time, many people thought he was stupid, but Platinum now recalls, "Those migrant workers are all large families and have to eat."

    "At that time, the pressure was particularly great, and I didn’t want to do this." Platinum said that hearing a phone call every afternoon is like "having a heart attack". He can only drive to the suburbs secretly and cry, and go to work as usual the next day.

    This incident also made Platinum truly realize the changes in human feelings and the changes in business. Through this tempering, Platinum is more cautious in doing things.

    After the development of Hohhot was frustrated, Xintong Group Company transferred the construction team in Hohhot back to Erdos City, Inner Mongolia.

    In 2004, the government of Tuokeqi, Erdos City, Inner Mongolia attracted investment, and they developed Huijingyuan, the largest real estate in Qipanjing Town. Platinum is also responsible for the implementation of this project, but when it was first developed and built, few people bought the building.

    "Only one of the 16 buildings built in the first phase was sold", which made the capital turnover of the whole Xintong Group difficult. In order to pay the construction workers, Platinum raised 3 million yuan from non-governmental organizations.

    In 2005, the sales of Huijingyuan building began to improve. Platinum negotiated with Qipanjing Town Bus Station to provide land for the bus station free of charge and build the station for them at the cost price. After the completion of the station, the prices of commercial buildings and residential buildings in the community have been greatly increased, and the cooperation between Huijingyuan Community and the station has achieved a win-win situation. With the improvement of sales, the later projects of Huijingyuan Community have been completed one after another. Platinum led his employees to make a beautiful turnaround in Qipanjing Town and established their own brands.

    Bai Fengming, the chairman of the board of directors, feels that his son has matured due to the success of the construction of Qipanjing Community. At the end of 2005, he made Platinum the general manager of the company and took full charge of Xintong Group. Bai Fengming no longer participates in the specific operation of the company except for making big decisions.

    Unique investment doubled the company’s total assets.

    After taking full charge of Xintong Group, Platinum made the most successful investment in the construction of the central building in Dongsheng District, Ordos City.

    "The two office buildings in the Central Building were all sold out in just seven days. The construction of these two office buildings shows Platinum’s ability to predict and analyze the market." Chen Haimei, deputy general manager of Xintong Group, expressed sincere admiration when talking about the young platinum.

    The construction of the Central Building was originally proposed by Bai Fengming, and plans were made to build two office buildings with eight floors or so. After careful market research, Platinum learned that the 8-storey office building is far from meeting the needs of Dongsheng District. He believes that it is necessary to be the best and tallest building in Dongsheng area, which can not only expand the income, but also establish the brand image of Xintong Group in Ordos real estate industry. It is suggested that it be built into two 22-story buildings.

    The construction of the office building of the Central Building has made Xintong Group Company have a rich return. The visionary Platinum has aimed at the future of the market. In 2006 and 2007, they invested huge sums of money to buy about 3,000 mu of land from the auction market. At present, the price of these land has doubled, and the land reserve once again shows Platinum’s keen market forecasting ability.

    "Although I have worked in Xintong Group for 6 years and done something, my career should have just begun. The past development is mainly attributed to my father, and the future development is really on my own. " Young Platinum has a clear understanding of himself.

    On the basis of his father’s steady operation, Xintong Group Company engraved the new gene of this young man’s energetic and decisive decision-making.

    

Online personal social security payment: 19.9 yuan can be paid, which is illegal.

  BEIJING, Beijing, May 9 (Reporter Li Jinlei) As long as you pay tens of yuan of agency fees every month, you can help you pay social security online. This kind of online service to help individuals pay social security is rising day by day. Many companies have opened Taobao shops, and some have even opened WeChat WeChat official account, which can pay social security, and even developed related apps.

  With a light finger, you can pay social security without leaving home. Is this online social security payment service reliable? Is it legal and compliant? What are the risks? The reporter from Zhongxin. com conducted an investigation into this.

  It is advertised that paying social security is as simple as shopping.

  — — Social security can be remitted at 19.9 yuan per month.

  Ms. Tian, who runs an online shop in Beijing, can’t pay social security in Beijing by herself because her household registration is in other places, so she thought of looking for the service of paying social security online. "I just want to find that kind of company, pay it tens of yuan a month, and then help me pay social security in Beijing."

  The reporter from Zhongxin. com noticed that due to the existence of demand, the service of helping individuals to pay social security online is on the rise. Many companies have opened Taobao shops, some have also opened WeChat WeChat official account, which can pay social security, and even developed an APP. The process of purchasing these social security services is generally simple, and the service fee is only tens of yuan.

  The reporter searched for "social security payment" on Taobao, and it was easy to find hundreds of related shops engaged in social security payment. Among them, the turnover of a self-proclaimed "Internet social security service leader" in the top rank has reached 2,820.

  The reporter consulted a number of social security paying businesses on the grounds of going to Beijing for social security. The customer service staff of the above-mentioned Taobao shop merchants told the reporter that personal social security payment is mainly for people who don’t want to pay social security during their resignation and change jobs, and have no unit to pay social security. As long as they submit basic information, they will pay a monthly fee of 19.9 yuan for five insurances. Social security payment is as simple as online shopping and can be paid online.

  The customer service staff of another company that opened the WeChat terminal to pay social security services told reporters that the company was "certified and licensed by Ministry of Human Resources and Social Security of the People’s Republic of China, and the social security funds were supervised by China Merchants Bank, so it was convenient to operate on WeChat terminal to meet the needs of individual social security payment". The minimum service fee paid by personal social security is 80 yuan/month. Newly registered customers will also be given vouchers from 30 yuan, and they can submit orders directly on WeChat for payment.

  Claiming to be legal without providing a labor contract

  — — Actually affiliated with the company name.

  The reporter of Zhongxin. com found that the company that handles social security payment online will not sign a labor contract with the demander, but requires a service agreement. The agreement clearly emphasizes that there is no labor relationship between the two parties.

  At the request of the reporter, the staff of the above-mentioned WeChat payment social security company sent a user service agreement to the reporter. This agreement shows: "Party B is only an agent service provider for social insurance and provident fund, and is only responsible for providing social insurance, provident fund participation and related services for Party A. It has no labor relationship with Party A and its entrusted participating members, and is not responsible for the actions of Party A and its entrusted participating members."

  In the face of a reporter’s question about whether it is legal to pay social security without signing a labor contract, the staff of the company said: "There is no labour relation between you and our company, but only pay social security, so you can’t provide a labor contract. The remittance is under the name of our company, which is legal. You can check in the Social Security Bureau that you paid under our company account. "

  "The labor contract and any proof of official seal are not issued." The customer service staff of the above-mentioned Taobao shop merchants told reporters. The reporter found that the agency service agreement sent by this company also clearly stated: "Party A and Party B only have the agency service relationship of social security affairs, and there is no subordinate relationship or labor relationship. Party B shall not arrange Party A’s specific work, and Party A shall not carry out work in the name of Party B, nor shall it claim the rights of labor relations from Party B, including but not limited to the post, salary, length of service, annual leave, labor contract, etc."

  The customer service staff said that after the successful payment, you can log on to the Beijing social security online service platform, and find the five insurance status and payment company in the personal basic information query management, and the payment details are queried every other month.

  Official: It is illegal to pay social security by affiliated agency.

  Is this online social security payment service reliable? Is it legal and compliant? The reporter of Zhongxin. com called the human resources and social security service hotline 12333 for consultation. The hotline staff told reporters that employees must sign labor contracts and have labor relations with employers before they can pay social insurance through their units. The two sides did not establish a labor contract relationship, but paid social security by calling an agency, which is illegal and not allowed by the policy.

  Chu Fuling, director of the China Social Security Research Center of the Central University of Finance and Economics, told the reporter of Zhongxin. com that the regulations and requirements for participating in insurance as an individual vary from place to place, but there are usually restrictions on household registration. Generally speaking, if a foreign registered permanent residence does not have a work unit in the place of residence, it is impossible to get social security.

  For this kind of online social security payment company, Chu Fuling believes that the workers did not sign labor contracts with them, nor did they work and receive wages in the company. The agency company paid social security for them by collecting headcount fees, which is suspected of fictitious labor relations and has certain risks and problems. This kind of illegal behavior needs to be regulated.

  The reporter noted that the "Social Insurance Law" clearly stipulates that if social insurance benefits are defrauded by fraud, forged certification materials or other means, the social insurance administrative department shall order it to return the defrauded social insurance benefits and impose a fine of more than two times and less than five times the amount defrauded.

  So how can people who can’t pay social security through their work units be insured? According to the Social Insurance Law, individual industrial and commercial households without employees who voluntarily participate in social insurance, part-time employees who do not participate in social insurance in the employing unit and other flexible employees shall apply to the social insurance agency for social insurance registration.

  Taking Beijing as an example, the staff of the 12333 hotline explained that people with foreign hukou can’t get social security if they don’t have a work unit in Beijing. However, local urban hukou personnel in Beijing who have no work units can participate in social security through talent service centers or employment service centers, but they can only participate in pension, medical care and unemployment insurance.

Notice of the General Office of the State Council on printing and distributing the current key work arrangements for government information disclosure

General Office of the State Council on Printing and Distributing

Notice of the current key work arrangement of government information disclosure

No.73 [2013] of the State Council

People’s governments of all provinces, autonomous regions and municipalities directly under the Central Government, ministries and commissions and institutions directly under the State Council:

"The current key work arrangement of government information disclosure" has been agreed by the State Council, and is hereby issued to you, please earnestly implement it.

the General Office of the State Council

July 1, 2013

(This piece is publicly released)

Current key work arrangements for government information disclosure

Since 2012, all regions and departments have actively promoted information disclosure in key areas in accordance with the State Council’s deployment on government information disclosure, which has promoted the comprehensive and in-depth development of government information disclosure and made new steps in responding to public concerns and effectively ensuring people’s access to government information according to law. At present, all sectors of society are highly concerned about the government information disclosure, and some important tasks deployed by this government have put forward clear requirements for strengthening the relevant information disclosure. In order to thoroughly implement the "Regulations on the Openness of Government Information in People’s Republic of China (PRC)" (hereinafter referred to as the "Regulations") and the work deployment of the State Council, the following arrangements are made for the current key work of government information disclosure:

First, vigorously promote information disclosure in key areas

(a) to promote the disclosure of administrative examination and approval information. Strengthen the disclosure of information on the adjustment of administrative examination and approval items, focusing on investment approval, production and business activities approval, qualification licensing, industrial and commercial registration approval, etc., and timely disclose the information on administrative examination and approval items that have been cancelled, decentralized and changed by implementing organs. Promote the examination and approval process and the disclosure of the results, focusing on the examination and approval process and the disclosure of the examination and approval results of administrative examination and approval projects that involve the vital interests of the people and need to be widely known or participated by the public. Promote the disclosure of administrative licensing information, including licensing matters, basis, conditions, quantity, procedures, deadlines and a list of all materials that need to be submitted when applying, focusing on the information disclosure of administrative licensing. (The central editorial office takes the lead in implementation)

(two) to promote the financial budget and the "three public" funds. While continuing to do a good job in the disclosure of final accounts of financial budget and departmental budget, we should further increase the disclosure of "three public" funds, state-owned capital operating budget and financial audit information. First, efforts will be made to promote the disclosure of the "three public" funds. On the basis of the work in 2012, in 2013, it is necessary to further clarify the "three public" funds of the central departments, and the central departments with the increase in the total final accounts and sub-items of the "three public" funds should specify the reasons for the increase. Refine the budget preparation of the central department in 2014, and disclose the purchase and operation expenses of official vehicles into purchase expenses and operation expenses. The governments of all provinces (autonomous regions and municipalities) should fully disclose the "three public" funds at the provincial level, and guide and urge the governments below the provincial level to speed up the pace of "three public" funds disclosure, so as to realize the full disclosure of "three public" funds by the municipal and county governments nationwide before 2015. The second is to promote the openness of the state-owned capital operating budget. The central state-owned capital operating expenditure budget should be further detailed and disclosed to item-level subjects on the basis of the disclosure by item-level subjects in 2012. The third is to promote the disclosure of financial audit information. On the basis of continuing to do a good job in publicizing the problems found in the implementation of the central budget and other financial revenue and expenditure audits, all departments and units should take the initiative to publicly rectify the situation and further enhance the transparency and comprehensiveness of the disclosure of the implementation of the central budget and the audit of financial revenue and expenditure. (The Ministry of Finance and the National Audit Office respectively take the lead in implementation)

(3) Promoting information disclosure of affordable housing. Further promote the construction, distribution and exit information disclosure of affordable housing projects. Based on the work in 2012, in 2013, all municipal and county governments should disclose the construction, distribution and withdrawal information of affordable housing projects as required. Cities above the prefecture level should promptly disclose the policies, measures and implementation of bringing migrant workers into the scope of local housing security. (The Ministry of Housing and Urban-Rural Development takes the lead in implementation)

(4) Promoting the disclosure of food and drug safety information. Do a good job in information disclosure on hot issues of food and drug safety, timely, objectively and accurately release relevant information, and simultaneously announce the treatment measures and progress that have been taken. Intensify the disclosure of government information such as food and drug administrative examination and approval, law enforcement inspection, case handling, and smuggling, and establish a "blacklist" disclosure system for food and drug illegal enterprises. Do a good job in the disclosure of information on key rectification work, and disclose relevant information on key rectification around issues of special concern to the public such as infant formula milk powder, dairy products and health food. (Food and Drug Administration takes the lead in implementation)

(5) Promoting the disclosure of environmental protection information. The first is to promote the disclosure of air quality and water quality environmental information. Expand the number of cities that disclose the monitoring information of new air quality standards such as fine particulate matter (PM2.5) and ozone. On the basis of continuing to release the monitoring information of 74 cities at present, 116 cities will disclose the monitoring information of new air quality standards and announce the air quality rankings of key cities. Continue to do a good job in the disclosure of information such as water quality data of key river basins and automatic monitoring data of surface water quality, and increase the disclosure of information such as water quality status of centralized drinking water sources. The second is to promote the disclosure of information on environmental impact assessment of construction projects. The competent department should clarify the relevant requirements and guide the national environmental protection departments to make the whole process of EIA acceptance, approval and acceptance public. The third is to promote the disclosure of information on environmental pollution control policies and measures and governance effects. Increase the information disclosure of local government’s environmental pollution control policies and measures, timely disclose the environmental supervision information of pollutant discharge units, and urge pollutant discharge units to disclose the pollution control effect. Compulsory disclosure of environmental information of enterprises in heavily polluting industries. The fourth is to promote the disclosure of emission reduction information. Continue to do a good job in the disclosure of information on the construction and progress of key emission reduction projects, strengthen the disclosure of information on the discharge of major pollutants nationwide, and timely release the verification results of total emission reduction. (The Ministry of Environmental Protection takes the lead in implementation)

(six) to promote the disclosure of production safety information. Governments at all levels are responsible for handling production safety accidents, and information disclosure should be further strengthened. The first is to strengthen the investigation and handling of information disclosure. In addition to the contents that should be kept confidential according to law, on the basis of continuing to do a good job in the disclosure of investigation reports of particularly serious accidents, we will focus on promoting the disclosure of investigation reports of major accidents, and further improve the disclosure ratio of investigation results and investigation reports of major accidents. In 2014, it is necessary to make the investigation report of major accidents fully public. The second is to increase the information disclosure of production safety accidents. The relevant local people’s governments responsible for organizing accident handling and rescue shall timely and accurately release information on the progress of emergency rescue of production safety accidents handled by the governments at the corresponding levels. The third is to increase the early warning of safety production and the disclosure of preventive information. Timely release natural disaster risk information and major hidden danger early warning information that may cause accidents and disasters, and strive to improve the timeliness of information release. (The General Administration of Safety Supervision takes the lead in implementation)

(seven) to promote the price and charge information disclosure. While continuing to do a good job in the disclosure of government-managed prices and administrative fees adjustment information, we should further increase the disclosure of prices and fees information. First, efforts should be made to publicize the catalogue of government pricing and the catalogue of administrative fees. Strengthen the disclosure of national and central departments and units’ administrative fees, and urge local governments to fully disclose the local government pricing catalogue and administrative fees catalogue. The second is to increase the disclosure of price and fee supervision information. Focus on doing a good job in the disclosure of price and charge supervision information involving education, transportation, farmers’ burden, medical care, real estate market, tourism market and other areas of people’s livelihood, and timely announce the investigation and handling of price violations that have great social impact and strong public response. (The Development and Reform Commission and the Ministry of Finance shall take the lead in implementation according to the division of responsibilities)

(eight) to promote the information disclosure of land acquisition and demolition. The first is to promote the disclosure of land acquisition information. On the basis of informing, confirming and hearing the land requisition before approval, announcing the land requisition after approval, registering the land requisition compensation and announcing the land requisition compensation and resettlement scheme according to laws and regulations, we will focus on the land requisition information inquiry system to facilitate the public to inquire about the land requisition reply, scope, compensation and resettlement and other related information. The second is to further strengthen the disclosure of housing expropriation and compensation information. On the basis of continuing to do a good job in the information disclosure of housing expropriation compensation scheme, compensation standards and compensation results, we will focus on publishing the housing expropriation decision, subsidy and reward policies and standards within the scope of expropriation, publishing the survey results, preliminary evaluation results and compensation information of housing expropriation to the expropriated people within the scope of expropriation, and implementing the sunshine expropriation. (Ministry of Land and Resources and Ministry of Housing and Urban-Rural Development take the lead in implementation)

(nine) to promote the information disclosure of public enterprises and institutions focusing on education. First, further expand the disclosure scope of college enrollment information. Focus on strengthening the publicity of relevant policies and information such as recruiting students who walk, candidates with independent selection and admission qualifications, high-level athletes, and art specialties, and increase the publicity of candidates’ qualifications and admission results. The second is to increase the disclosure of financial information in colleges and universities. Promote the disclosure of budget and final accounts information in colleges and universities, and refine the disclosure to item-level subjects. The third is to gradually expand the scope of information disclosure of public enterprises and institutions. Focus on promoting the research work of information disclosure in medical and health institutions, scientific research institutions, cultural institutions and state-owned enterprises. (The Ministry of Education, the Health and Family Planning Commission, the Ministry of Science and Technology, the Ministry of Culture and the State-owned Assets Supervision and Administration Commission respectively take the lead in implementation)

All localities and departments in promoting the above-mentioned key work, should be closely combined with the full implementation of the "Regulations", and promote the in-depth, standardized and orderly development of government information disclosure. First, further standardize and deepen the active disclosure work. All information that should be made public and can be made public as stipulated in the Regulations should be made public in a timely and active manner. For the newly produced government information, it is necessary to clarify the public attributes in a timely manner according to the law and regulations, and make it as open as possible. For the government information formed before the implementation of the Regulations but not handed over to the National Archives, we should focus on the normative documents that are still valid at present, conduct a comprehensive clean-up, and do a good job in publicity step by step. The second is to do a good job of disclosure according to the law and regulations. Actively and steadily carry out disclosure by application, make efforts to coordinate and handle applications involving people’s livelihood, multiple regions and multiple departments, strengthen research on complex and difficult issues in disclosure by application, promote the improvement and perfection of relevant systems, and better meet the special needs of citizens, legal persons or other organizations for government information. The third is to strengthen system construction. All regions and departments should strengthen the construction of the statistical system for government information disclosure, establish and improve the work evaluation mechanism, strengthen the work evaluation, expand public participation, and gradually realize the scientific, standardized and normalized information disclosure in key areas.

Second, strive to improve the effectiveness of publicity

The disclosure of government information is an inherent requirement of modern government, and it is an important measure to promote administration according to law, build a sunny government and enhance the credibility of the government. All regions and departments should more consciously put the government information disclosure work on an important agenda, focus on promoting the government information disclosure, enhancing the publicity effect and enhancing the government’s credibility, and do a thorough and meticulous job.

(1) Refine tasks and strengthen implementation. All localities and departments shall, in accordance with the above-mentioned key work arrangements, assign special personnel to be responsible for the division of labor, do a good job in the deployment of work, and implement the key public work to specific departments and units, so as to make the responsibilities clear and facilitate inspection. The lead departments of all key tasks should make detailed decomposition of the lead tasks, clarify specific requirements, formulate implementation measures, and strengthen work guidance; Other departments involved should cooperate closely to ensure that the public work is put in place as required. For the implementation is not in place, the lead department should carry out informed criticism, and urge the correction.

(2) Standardize information release and do a good job in interpretation. According to the spirit of the "Regulations" and relevant documents, administrative organs at all levels should do a good job in information disclosure according to the principle of who is open, who is responsible for information review, who is open and who is responsible for solving doubts and doubts. Governments at all levels and their departments shall, before disclosing information, conduct confidential review of the information to be disclosed according to laws and regulations and procedures; To release important government information, it is necessary to do a good job of in-depth interpretation. After publicity, it is necessary to closely track public opinions, timely and accurately release authoritative information in case of doubt, and do a good job in responding to public concerns.

(3) Strengthen the construction of platforms and channels. We should give full play to the role of government websites, government bulletins, press conferences, newspapers, radio, television and government affairs Weibo in disseminating government information, so as to ensure that the public can know and effectively obtain open government information in time. Further strengthen the construction of government websites, spokesperson system and government hotline, fully rely on these platforms, display public information, answer public inquiries, respond to public concerns, and improve the effectiveness of government information disclosure.

(4) Strengthen training and improve ability. Governments at all levels should strengthen the training of government information disclosure for staff at different levels according to the actual needs of work, and gradually expand the scope of training. The relevant authorities in the State Council should list the government information disclosure as an important part of civil servant training, and gradually popularize the concept and basic knowledge of government information disclosure. Local governments at all levels and relevant departments should strengthen job training by holding training courses and training on behalf of the meeting, and constantly improve the ability of government staff to do a good job in government information disclosure.

Please lead the key work departments to report the relevant work to the State Council General Office before the end of 2013. The General Office of the State Council will, in conjunction with relevant departments, supervise the implementation of the key work of government information disclosure in a timely manner.

National highway toll inventory! Will the national highway toll be followed by the whole country?

On October 20th, official website, the People’s Government of Jiangsu Province, released a message saying that the approval of levying tolls at Suhuai Toll Station on National Highway G205 caused an uproar on the Internet. In everyone’s impression, the national highway should be toll-free. Once the incident of building a national highway toll station broke out, it broke the traditional cognition of many people.

National highway toll inventory! Will the national highway toll be followed by the whole country?

In fact, Suhuai toll station is not a case. According to the feedback from card friends all over the country, there are also national toll stations in the following cities or sections, for your reference:

●  Maanshan and Wuhu sections of National Highway 205

● The boundary between northern Jiangsu and Shandong of National Highway 204.

● Hubei Jingmen National Road is charged at 3 yuan/ton (3 toll stations, 1 under construction).

● There are three toll stations between Luoyang and Sanmenxia section of National Highway 310.

● Jiangsu-Anhui boundary of National Highway 104

● Liyang section of National Highway 104 in Jiangsu Province

● No.508 National Highway Hebei Luanzhou Toll Station

● Rizhao and Lianyungang sections of National Highway 288

● Four national toll stations in Ningcheng re-enable charging.

● Beijing Lianhuatan Toll Station

● Toll Stations of Jiulong and Nalong in Lingshan, Qinlu Road, Qinzhou, Guangxi

● Tianzhuang Toll Station, Fengnan District, Tangshan City, National Highway 205

According to statistics, by the end of 2021, there have been about 600 toll stations on the first-class and second-class highways in China, which are mainly located in national highways and provincial highways. In the two years from 2021 to 2023, there will be at least 10 new national toll stations.

National highway toll inventory! Will the national highway toll be followed by the whole country?

According to "Regulations on the Management of Toll Roads", the toll period of repayment roads shall not exceed 15 years at the longest.

According to the latest news, China Merchants Highway said in an investigation by investors that it was an important decision made for the public interest to waive the toll of national toll roads during the epidemic prevention and control in COVID-19. In the future, relevant supporting policies will be studied and promulgated in accordance with relevant laws and regulations to safeguard the legitimate rights and interests of toll road users, creditors, investors and operators as a whole.

Up to now, Shaanxi, Shandong, Shanxi and other provinces have successively introduced measures to extend the charging period.

This is not a good signal for card friends.

After high-speed charging by axle, trucks will be charged as usual even if they are empty. Many card friends will choose to take the national highway in order to save costs. However, now national highways have started to build toll stations, and everyone is worried about whether this will be like Pandora’s box, causing large-scale imitation all over the country.

At present, most national toll stations charge by time. Take Suhuai Toll Station of National Highway 205 as an example, the standard charges vary from 10 yuan to 50 yuan according to the vehicle type.

National highway toll inventory! Will the national highway toll be followed by the whole country?

We interviewed Kayou in a nearby town at the Suhuai Toll Station. He said that the Suhuai Toll Station is located between huji town and Qianji Town, and the residents of the two towns often have daily contacts. If you go to 20 yuan once and charge 20 yuan again when you come back, you can’t go out?

There are also card friends who told us that two toll stations have been built on 100 kilometers of roads in some areas, and nothing has been paid.

China’s road maintenance fee itself has been included in the fuel fee. Because of the increase of new energy vehicles, there is a gap in road maintenance fee. Now we have to levy a fee on fuel vehicles again, and everyone is definitely not happy.

National highway toll inventory! Will the national highway toll be followed by the whole country?

Under the background that the freight industry is getting more and more rolled up and the freight rate is only falling but not increasing, the establishment of toll stations on national highways undoubtedly puts a mountain on the back of card friends.

On the other hand, the state has been increasing policy guidance in recent two years to promote logistics cost reduction and efficiency improvement. The increase of national toll stations will certainly increase the cost of freight vehicles, which will be a big blow to logistics enterprises, especially small and medium-sized enterprises. Isn’t this a kind of putting the cart before the horse?

We understand that the construction and maintenance of national roads need a lot of financial support, and collecting tolls is also a common means. But before setting up toll stations on national highways, should the government also fully consider the interests of all parties and balance the needs of national highway construction and maintenance with the demands of the people, so as to ensure that the charges are fair and reasonable without increasing the burden on the people?

Card friends, what do you think of this?

More than 10% more than last year! In 2019, the number of points to households increased to 8,000.

  Cctv newsThis year, in order to respond to the construction of Guangdong-Hong Kong-Macao Greater Bay Area and attract and retain practical talents, Guangzhou adjusted the index of Guangzhou’s points to households, which was increased by 1,000 on the basis of the original plan. After the increase, the number of points to households was 8,000, an increase of more than 10% over last year.

  Beginning on October 8, 2019, Guangzhou’s points system officially began to apply. The entrance to the column of "Guangzhou Laisui Personnel Points System Service Management Information System" has been officially opened, and the application time will last until 5 pm on November 6. Persons who pass the points system must meet the following requirements at the same time: they are under 45 years of age, hold the Residence Permit of Guangdong Province, have been legally and stably employed or started a business in Guangzhou for 4 years, have not been subjected to criminal punishment in the last 5 years, and the total points confirmed in the "Guangzhou Laisui Personnel Points System Service Management Information System" are over 100 points.

Many places are fully responding to Typhoon Prasang.

  CCTV News:Typhoon Prasang, the 14th this year, landed at Daishan, Zhejiang Province at 18: 50 on the 19th. When landing, the maximum wind force near the center is 10 (25 m/s, strong tropical storm level), and it is expected to enter Hangzhou Bay after landing, and land again in the coastal area from Pinghu, Zhejiang to Pudong, Shanghai in the first half of the night, and the intensity gradually weakens. The Central Meteorological Observatory continued to issue yellow warnings for typhoons and rainstorms.

  Take measures to ensure the safety of fishing boats returning to Hong Kong when the route is suspended.

  Affected by Typhoon Prasang, the winds along the coast of Zhoushan, Zhejiang Province increased during the day on the 19th, and 72 water passenger routes in Zhoushan were suspended. In Linhai City, Zhejiang Province, in order to ensure the safety of fishing boats, the local fishery department has implemented a 24-hour duty system for fishing boat safety monitoring, and 802 fishing boats have berthed in safe waters such as Hongjiaoyan, Jinqing and Jiantiao to take shelter from the wind. Dongtou District, Wenzhou, Zhejiang Province also postponed the fishing in the East China Sea scheduled for September 16th, and all 504 fishing boats took shelter in Hong Kong.

  Typhoon affects 10-meter waves. Residents reinforce doors and windows.

  In Dongsha Fishing Port, Kanmen, Yuhuan City, Zhejiang Province, strong winds rolled up the sea, and waves washed up on the pedestrian platform and nearby rocks, setting off huge waves more than 10 meters high. In order to prevent typhoons, coastal residents have reinforced their doors and windows as early as two days ago. On the morning of the 19th, firefighters from Yuhuan City Fire Rescue Brigade once again inspected the seaside houses one by one and provided 24-hour emergency service.

  The astronomical tide superimposed on typhoon affects the increase of tidal bore height.

  Due to the influence of the previous typhoon Bebijia and the new typhoon Prasang, the astronomical tide is superimposed with the storm surge, which makes the arrival time of the tidal bore in Qiantang River this year more uncertain.

  Affected by the typhoon, the Central Meteorological Observatory predicts that there will be heavy rains in parts of southeastern Anhui, southern Jiangsu, Shanghai, most of Zhejiang, north-central Jiangxi, northern and eastern Fujian, and south-central Hainan Island from 19th to 20th, and there will be heavy rains in the local area.

  Since September, typhoon activities around China have been very active. Is the intensity of the typhoon that landed in China in September stronger than that in the same period of last year? What impact will Typhoon Prasang, which landed today, have on the weather in China? Look at the analysis.

Li XiaoLu, Jerry, Lv Jiarong and Elvis Han look at the mysterious family background of stars.

Reveal the mysterious family background of stars

1905 movie network news In the eyes of the public, stars have a mysterious aura, which attracts fans both in their private love life and mysterious family background, and most of them belong to relatively good family environment, such as Li XiaoLu, Jerry, Lv Jiarong, Elvis Han and so on.


Li XiaoLu was born into an acting family.


Li XiaoLu was born into an acting family.


According to the data, Li XiaoLu is a girl who grew up in Beijing to the core. Her childhood was spent in the courtyard of Bayi Film Studio. Her grandfather was a veteran of Bayi Factory, and her parents were both actors. Her father Li Danning was a director and actor of Bayi Factory, who once played a role in the film, and her mother Zhang Weixin played more roles. The most influential one is "A Good Woman".


Jerry’s parents do business.


Jerry’s parents do business.

According to the data, Jerry’s family is very good. His parents are engaged in business and his family is engaged in high-tech information industry. The company has been listed. However, Jerry’s parents are not very much in favor of his acting career. As can be seen from the performance of Jerry’s parents in "Daddy Comes Back", his parents are not as "bullish" as "local tyrants". On the contrary, they are very easygoing, educated and very fond of his granddaughter.


Lv Jiarong has a superior family environment.


Lv Jiarong has a superior family environment.


According to the data, Lv Jiarong was born in Shandong, and her family environment is superior. After her parents settled down in Beijing, she rarely returned to China. Lv Jiarong often took time to go abroad to visit her parents. Her parents are very supportive of her acting career and only hope that she can complete her lifelong events as soon as possible. At present, filming life and traveling in Lv Jiarong are very enjoyable.


Elvis Han went abroad in junior high school.


Elvis Han went abroad in junior high school.


According to the data, Elvis Han’s family is very good, and he went abroad to study when he was in junior high school. His relatives opened a big company, and his father held an important position in it. It is said that his parents used to be athletes, and his father was also an athlete of the national Bayi team’s cross-country motorcycle. Therefore, influenced by his family, Elvis Han was very interested in various sports when he was very young.


Jinan Housing Provident Fund Center issued a new policy, and the provident fund can be used to pay the down payment for house purchase from now on.

  On September 15th, Jinan Housing Provident Fund Center issued a new policy. Employees who paid the housing provident fund in the headquarters of Jinan Housing Provident Fund Center can buy new commercial housing or stock housing in the administrative area of Jinan, and my spouse and I can apply for withdrawing the housing provident fund to pay the down payment. The policy will take effect immediately.

Jinan Housing Provident Fund Center issued a new policy, and the provident fund can be used to pay the down payment for house purchase from now on.

  Optimistic about the applicable area: the down payment for second-hand houses is limited to the main city.

  The policy stipulates that new commercial housing should be purchased in Lixia District, Shizhong District, Huaiyin District, tianqiao district, Licheng District, Changqing District, Zhangqiu District, Jiyang District, Laiwu District and Gangcheng District of this city; Employees and their spouses who have paid in the headquarters to buy existing housing in Lixia District, Shizhong District, Huaiyin District, tianqiao district City, Licheng District and Changqing District of this Municipality may apply for transferring the balance of individual housing provident fund account to the supervision account to pay the down payment for house purchase. Employees whose purchased houses are not in the above-mentioned areas or who have not applied for transferring the balance of individual housing provident fund account to the supervision account to pay the down payment can apply for withdrawal of individual housing provident fund after the online signing of new commercial housing or the transfer of stock housing transactions, and the withdrawal amount shall not exceed the down payment of purchased houses.

  Look at the handling conditions: the process of buying houses with different properties is different.

  In order to ensure the safety of funds, the application for the down payment business of provident fund needs to be handled at the scene with the identity certificate, and both husband and wife should apply at the same time.

  Among them, for the purchase of newly-built pre-sale commercial housing, the purchaser will sign the Letter of Commitment on Authorization for Withdrawing Housing Provident Fund to Pay the Down Payment of House Purchase at the service hall window of the Provident Fund Center with the Confirmation Sheet of Jinan Commercial Housing Pre-sale Fund Deposit Information (provided by real estate development enterprises). If the spouse of the purchaser applies, it is necessary to provide proof of marriage relationship to apply at the scene. Applicants are required to complete the online signing formalities with the Housing Provident Fund Payment Certificate to the real estate development enterprise within 3 working days. After obtaining the online signing information, the provident fund center will transfer the withdrawal amount to the special account for the supervision of pre-sale funds of commercial housing in this project.

  When purchasing a newly-built commodity house for sale, the purchaser and the real estate development enterprise shall sign an online contract to Jinan Real Estate Transaction and Leasing Service Center (hereinafter referred to as the "Real Estate Transaction Center") to handle the fund supervision business, and sign the "Authorization Commitment for Withdrawing Housing Provident Fund to Pay the Down Payment for House Purchase" on the spot. If the spouse of the purchaser applies, it is necessary to provide proof of marriage relationship to apply at the scene. The real estate transaction center will push the relevant information of the applicant to the provident fund center. The Provident Fund Center shall review and approve the withdrawal qualification and withdrawal amount within 1 working day after receiving the push information. If there is no mistake in the review, the withdrawal amount shall be immediately transferred to the special account for the supervision of the stock room funds of the real estate trading center. Within 1 working day after the withdrawal amount is deposited in the supervision account, the real estate trading center completes the transfer of funds to the real estate development enterprise.

  For the purchase of stock housing, both parties to the transaction go to the real estate trading center to handle online signing and fund supervision business, and sign the "Commitment Letter of Authorization for Withdrawing Housing Provident Fund to Pay the Down Payment for House Purchase" on the spot. If the spouse of the purchaser applies, it is necessary to provide proof of marriage relationship to apply at the scene. The real estate transaction center will push the relevant information of the applicant to the provident fund center. The Provident Fund Center shall review and approve the withdrawal qualification and withdrawal amount within 1 working day after receiving the push information. If there is no mistake in the review, the withdrawal amount shall be immediately transferred to the special account for the supervision of the stock room funds of the real estate trading center. Within 1 working day after the parties to the transaction complete the registration of real estate, the real estate trading center completes the transfer of funds to the seller.

  Optimistic about restrictive conditions: personal loan rate ≥ Suspend extraction at 90%

  According to the policy, in order to prevent the liquidity risk of housing provident fund, the down payment business of housing provident fund is dynamically managed according to the real-time situation of the personal housing loan rate of the headquarters of the provident fund center (hereinafter referred to as "personal loan rate", which refers to the ratio of the balance of personal housing provident fund loans to the balance of housing provident fund deposits), and the personal loan rate is regularly published on the official website of Jinan Housing Provident Fund. When the personal loan rate is below 90%, the business specified in these rules will be accepted normally; When the personal loan rate is higher than 90% (inclusive), the business specified in these rules will be suspended.

  The policy stipulates that each house can withdraw the balance of the housing provident fund account once to pay the down payment for buying a house. Eligible buyers and their spouses shall jointly submit an application at one time, and the total withdrawal amount shall not exceed the down payment amount stipulated in the online signing contract. If the withdrawal amount is less than the down payment amount stipulated in the online signing contract, the remaining part shall be filled by the buyers themselves.

  For employees who have paid the down payment for the provident fund, they can apply for housing provident fund loans if they meet the conditions for housing provident fund loans. The down payment amount of provident fund can be combined with the balance of individual housing provident fund account to calculate the amount of provident fund loan. Employees who have paid the down payment from provident fund can no longer apply for withdrawal of housing provident fund according to the conditions of purchasing this property.

  For the cancellation or change of the online signing contract, the down payment paid by the purchaser’s provident fund shall be returned to the Jinan Housing Provident Fund Center account and re-included in the individual housing provident fund account. (Jinan Times New Yellow River Client Reporter Luo Xiaofei)

  Memorabilia of Jinan Provident Fund Policy Adjustment in Recent 2 Years

  On May 23, 2022, the amount of public loan for the first home was increased.

  The maximum loan amount for a family with one person contributing to the provident fund is raised from 300,000 yuan to 350,000 yuan.

  The maximum loan amount for families with two or more people contributing to the provident fund will be raised from 600,000 yuan to 700,000 yuan.

  On May 24, 2022, the "house recognition and loan recognition" was cancelled.

  The first suite identification standard was changed from no housing and no housing loan record in this city to no housing in this city.

  The down payment ratio of public loans for the first home of non-local registered families was adjusted from 60% to 30%.

  On August 15, 2022, the down payment ratio of the second home public loan was lowered.

  The minimum down payment ratio is adjusted from 60% to 40%, which is consistent with commercial loans.

  On October 1, 2022, the interest rate of the first home public loan was lowered.

  The interest rate of the first home public loan was lowered by 0.15 percentage points, and the interest rates for less than 5 years (including 5 years) and more than 5 years were adjusted to 2.6% and 3.1% respectively.

  The interest rate of the second home public loan remains unchanged, and the interest rates for less than 5 years (including 5 years) and more than 5 years are not less than 3.025% and 3.575% respectively.

  On November 12, 2022, the amount of public loan for the first home was increased again.

  The maximum loan amount for a family with one person contributing to the provident fund is raised from 350,000 yuan to 500,000 yuan.

  The maximum loan amount for families with two or more people contributing to the provident fund will be raised from 700,000 yuan to 800,000 yuan.

  On January 10, 2023, the amount of public loans for families with many children increased.

  When a two-child family buys the first suite, one person can borrow up to 600,000 yuan from the provident fund, and two or more people can borrow up to 900,000 yuan from the provident fund.

  When a family with three children or more buys the first suite, one person can borrow up to 600,000 yuan from the provident fund, and two or more people can borrow up to 1 million yuan from the provident fund.

  On July 6, 2023, the amount of public loans for college graduates increased.

  College graduates leave for employment and start businesses, pay the housing provident fund for three months before the end of the graduation year, and buy the first suite within five years of graduation. The first public loan amount can be increased by up to 200,000 yuan on the basis of the actual loanable amount.

  (Zheng Chuqiao finishing)

Investigation on the new regulations of anti-food waste: it is easy to get more discounts on take-away food.

  In order to make up the shortfall, I simply ordered an unnecessary dish; Different restaurants have different amounts of food, but according to past experience, they found that they ordered more food … … Although Beijing’s new anti-food waste regulations have put forward relevant requirements for the foreign selling industry, the reporter found that there are not many platform businesses that are currently implemented according to the regulations, and the problem of excessive food sales still exists.

  Embarrassed.

  In order to make up, order one more dish.

  "If you subtract 15 yuan from 40, you’re still short of 8 yuan. Go and make a bill … …” Because there is no canteen in the workplace, it has become normal for Xiao Chen to order takeout for lunch. Generally speaking, one dish can satisfy his appetite. However, before paying, he is often attracted by the reminder on the settlement key, so he can’t help but look back at the menu.

  Attracting customers with full discounts has become a routine means in the take-away industry. Merchants generally set different discount stalls according to the amount of consumption from low to high. The more they buy, the greater the discount range. It is precisely because of this mechanism that when the next discount is a few dollars away, consumers are often hard to resist the temptation and finally add a dish that was not necessary. After you get the meal, you can either eat it hard or you can only leave it.

  In Xiao Chen’s view, although this full reduction mechanism has brought preferential treatment to consumers, it is also suspected of inducing excessive ordering. Sometimes the next discount is very strong, and ordering one more dish to make up the bill is even cheaper than not ordering this dish, so "you don’t earn anything."

  The Beijing Anti-Food Waste Regulations has clearly stated that the take-away platform induces excessive ordering: "The take-away platform should supervise and guide catering service operators and consumers to prevent and reduce food waste by improving the business operation mode, optimizing the trading rules of the platform, and establishing and improving the incentive mechanism. The food and beverage take-out platform shall not abuse the dominant market position, and shall not induce or deceive consumers to order too much food by means of false or misleading commercial propaganda. "

  Question.

  The weight is not clearly written, and the order is not referenced.

  The "small portions" initiative, which has been mentioned many times before, is also reflected in this new anti-waste regulation: "Online catering service operators should mark information such as meal specifications, reference weight, taste, suggested consumption number, etc. on the meal browsing page, and promote small portions, multi-specification meals or optional packages." However, the reporter checked the takeaway APP and found that there are not many businesses that are implemented according to the regulations.

  Many merchants who do home cooking do not have the option of setting small dishes. Although some merchants have added small portions, it is puzzling that some small portions are only "small portions" and there is no large portion to choose from. And how small the small portion is, it is difficult to judge just by looking at the pictures.

  On the details page of dishes, merchants generally write down the main and auxiliary materials used in dishes, but few people write down the grams of each material. Xiao Chen said that in the case of rice, he usually orders two meals for side dishes, but some merchants give a lot of rice, so they order more without knowing it in advance.

  The new regulations also stipulate that the food and beverage take-out platform should prompt consumers to order food on demand and in moderation in a significant way. The reporter looked at different take-away platforms and found that this regulation has not been implemented. Some platforms can’t find relevant tips no matter how they look for them, and there is no reminder on the ordering page. Only on the payment page can you see a small line at the top: "Please order in moderation to avoid waste."

  Statement.

  Discount is better than full reduction.

  Cheng Shengkui, a researcher at the Institute of Geographical Sciences and Resources, Chinese Academy of Sciences, has always been concerned about food waste. He believes that the introduction of small portions of food on the take-away platform not only helps to avoid food waste, but also means more choices for consumers, which is in line with consumers’ wishes. "But the introduction of small dishes will lower the price and make less money. It is hard to say whether merchants will have the motivation to do it. "

  In terms of full discount, Cheng Shengkui said that it is not reasonable to order one more dish than one less. The reason is that the amount difference between preferential stalls is too big. "For example, some restaurants subtract 20 from 50 in the first gear, and it becomes 100 MINUS 40 in the second gear. If you can set more gears in the middle, you may not have to order more food to save money. "

  Cheng Shengkui suggested that for the full reduction preferential mechanism, either the gears should be divided into more details or the preferential strength should be set relatively uniformly. "For example, if you set a 20% discount, you can order a few dishes at a time. Only those group meals with a particularly large amount can be discounted a little more. " Our reporter Mo Fan.

In the new era, China’s high-quality economic development, industrial and financial cooperation and building a manufacturing power.

  The large-scale fire fighting/water rescue amphibious aircraft AG600 was assembled and rolled off in Zhuhai a few days ago. This is another major achievement made by China in the field of large aircraft. Every breakthrough of "Made in China" is a powerful annotation of China’s economy. Xinhua news agency

  [Economic Interface, Building a Modern Economic System]

  Manufacturing is the main body of the real economy and the foundation of the construction of a modern economic system. How to allocate more financial resources to the key areas and weak links of manufacturing development in accordance with the spirit of the 19th National Congress of the Communist Party of China, promote the transformation from China manufacturing to China creation, from China speed to China quality, and from a manufacturing power to a manufacturing power, are major issues facing China’s high-quality economic development in the new era.

  Finance is the lifeblood of modern economy, and smooth finance leads to substantial prosperity. Finance supports the construction of manufacturing power, on the one hand, it needs finance to return to its origin and enhance the ability to serve the development of manufacturing industry; On the other hand, it is also necessary to actively create conditions to provide guarantee support for financial reform and innovation.

  1. What is the root cause?

  Financing is difficult and expensive for manufacturing industry.

  [status quo]

  Data show that from 2006— In the decade of 2016, the proportion of loans in China’s manufacturing industry dropped from 25% to 16.2%. Affected by this, the growth rate of China’s manufacturing investment continued to decline from 2012 to 4.2% in 2016, and it decreased by 27.4 percentage points in five years, which lasted for a long time and the decline was unprecedented. Although it stopped falling and rebounded in 2017, it was only 4.8%.

  Financing is difficult and expensive, which is a prominent problem in the development of China’s manufacturing industry in recent years.

  2006— In the decade of 2016, the proportion of loans in China’s manufacturing industry dropped from 25% to 16.2%. Affected by this, the growth rate of China’s manufacturing investment has continued to decline since 2012. Investment is not only related to the current economic growth, but also to the cultivation and generation of new kinetic energy, which plays a key role in optimizing the supply structure. The weak investment has seriously restricted the optimization and upgrading of China’s manufacturing industry.

  The formation of this problem is first related to the inadaptability of China’s manufacturing development under the new normal, and also reflects the inadaptability of China’s financial structure. For a long time, the development of China’s manufacturing industry has a remarkable "speed-benefit" feature, the economic growth has reached more than 10%, and all industries, trades and enterprises will make profits; Once the economic growth is lower than 8%, many industries will suffer industry-wide losses. With China’s economic development entering a new normal, the growth rate has shifted from high-speed growth of about 10% to medium-high-speed growth of about 7%, and the efficiency of enterprises has begun to decline continuously. The research shows that the average return on equity of China’s A-share non-financial listed companies has been declining since 2010, from 12.9% to 6.8% in 2015, while the weighted average asset-liability ratio has increased from 58.2% in 2010 to 60.1% in 2015. In 2016, the leverage ratio of the enterprise sector was still as high as 165%, far higher than the international warning line of 90%.

  From the perspective of financial structure, bank loans, bonds and stocks currently account for more than 80% of the financing amount of the real economy. These three financing methods all have typical procyclical characteristics. When the economic situation is good, the benefits of enterprises are good, banks are willing to lend, and it is easier to issue bonds and stocks; The economic situation is not good, and the efficiency of enterprises is declining. For the sake of risk prevention and control, banks will be reluctant to lend, suppress loans or even cut off loans, and it is difficult to issue bonds and stocks. Before 2012, this financing method will not have much problem for the investment development of enterprises, because the economic growth rate has decreased, but it is a short-term fluctuation in high-speed growth, and it will soon resume high-speed growth. In other words, China’s financial structure based on bank loans is more suitable for the previous high-speed growth stage. Facing the requirements of high-quality development in the new era, it also needs reform, optimization and innovative development.

  Revitalizing manufacturing industry, especially advanced manufacturing industry, is the key to realize a virtuous circle of economy in the short term and the lifeline of national economy in the long term. Finance is the lifeblood of modern economy, and smooth finance leads to substantial prosperity. Facing the inevitable requirement of China’s economic development in the new era and the fierce competition in the world, we must focus on eliminating the financing constraints of manufacturing development, guide and promote finance to improve the efficiency and level of service manufacturing development, and accelerate the construction of a manufacturing power.

  2. How to support it

  Create new demands of powerful countries for financial development.

  [trend]

  The development of China’s manufacturing industry in the new era requires not only effective financing support from finance, but also a series of service solutions including consulting, investment and financial management, so as to realize the transformation from "financing" to "integrating wisdom".

  At present, the scale of China’s manufacturing industry has been ranked first in the world for seven consecutive years, but the problems of insufficient development imbalance such as key core technologies being controlled by people and lack of world-renowned brands are still very prominent. We must implement the innovation-driven development strategy with greater efforts, accelerate the development of advanced manufacturing industries, support the optimization and upgrading of traditional industries, and promote quality change, efficiency change and power change.

  Different development needs different financial support. First, we should vigorously implement differentiated credit policies. At present, bank credit funds account for more than 2/3 of China’s real economy financing. In accordance with the requirements of supply-side structural reform, we should improve and optimize credit conditions, support the manufacturing industry to increase varieties, improve quality and create brands, actively resolve excess production capacity, eliminate backward production capacity, and give full play to the role of finance in promoting the optimization and upgrading of industrial structure. At the same time, we should vigorously develop small and medium-sized banks and private financial institutions. It is strictly forbidden for bank funds to enter the stock market and real estate market for speculation and so-called innovation that is divorced from the real economy. In fact, after World War II, Germany and Japan also experienced a situation similar to today’s China. In order to accelerate the upgrading and development of manufacturing industry, both governments have adopted structural credit support policies.

  Second, vigorously develop industrial chain finance, financial leasing and other financial services that are directly integrated with the industry. Industrial chain finance is a service model that financial institutions rely on the core enterprises in the industrial chain to provide comprehensive solutions for all enterprises in the industrial chain. Compared with bank loans, it is more service-oriented and targeted. However, financial leasing integrates financing and material integration, and reduces the pressure of one-time payment of funds, which provides an effective way for enterprises to upgrade their technical equipment. In 1950s and 1960s, the United States upgraded its technical equipment in this way. At present, the penetration rate of financial leasing in developed countries such as the United States and Britain remains above 50%, while China has not yet reached 5%, and there is still much room for improvement.

  Third, actively develop venture capital (VC), private equity funds (PE) and other financing products, and explore service modes such as equity pledge loans and investment-loan linkage to provide long-term and stable financial support for the innovation and development of manufacturing industry. VC is future-oriented, and values the potential and benefits of the future development of enterprises. It does not require the past operating conditions, nor does it require enterprises to provide financing mortgages. PE is a combination of financing and financing, which not only provides capital support for enterprise development, but also provides all-round value-added services for enterprises, such as coordinating the relationship between enterprises and other enterprises in the industry, expanding procurement or sales channels, improving governance structure, etc. It is a capital that can span the economic cycle and is intellectual capital. VC and PE still have great development potential in China.

  Fourth, efforts should be made to provide specialized comprehensive financial services for enterprises to "go global". The "Belt and Road" construction is an important measure for China to implement all-round opening up in the new era. As an important part and implementer of this strategy, it is inevitable for the manufacturing industry to "go global". However, the economic development level of the 65 countries along the "Belt and Road" is uneven, and the social system is very different. Relevant research shows that in 33 countries, the proportion of stock transactions to GDP is less than 10%, and direct financing is almost lacking; There are 24 countries with higher real interest rates than China, and the credit supply is seriously insufficient. Faced with this situation, we must coordinate financial support methods such as policy banks and commercial banks, banks and non-banks, financial innovation and institutional mechanism reform, and strive to provide professional, personalized and diversified financial support for the manufacturing industry to "go global".

  3. Explore practice

  Realize the benign interaction between finance and manufacturing industry

  [deployment]

  In order to promote the benign interaction and coordinated development between finance and manufacturing, the Ministry of Industry and Information Technology, the Ministry of Finance, the People’s Bank of China, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission have jointly issued and implemented a series of policies and measures since 2016, and conducted exploration and practice of industrial and financial cooperation.

  Finance is related to the overall economic and social development and has its own development laws and requirements. Finance supports the construction of manufacturing power, on the one hand, it needs finance to return to its origin and enhance the ability to serve the development of manufacturing industry; On the other hand, it is also necessary to actively create conditions to provide guarantee support for financial reform and innovation.

  The General Office of the State Council clearly stated in the Notice on Establishing the Made in China 2025 National Demonstration Zone (Guo Ban Fa [2017] No.90) that it is necessary to "actively promote the integration of industry and finance, establish an industry-finance information docking platform, innovate financial support methods, and enhance the ability and efficiency of financial support for manufacturing development". The so-called integration of production and operation refers to the institutional innovation practice carried out by government departments, financial institutions and industrial enterprises to improve the efficiency and level of financial service manufacturing. Among them, government departments mainly build platforms and mechanisms for the interaction and cooperation between financial institutions and industrial enterprises, and at the same time, make necessary improvements and reforms to relevant policies and regulations and institutional mechanisms, support the market to play a leading role in the allocation of financial resources, and do not interfere in the business decisions of financial institutions and manufacturing enterprises.

  The integration of production and operation has been highly recognized and actively participated by all parties concerned for more than a year, and remarkable results have been achieved. Taking the docking between banks and enterprises as an example, according to incomplete statistics, as of December 2017, more than 5,000 banking institutions involved in the integration of production and operation have actually issued loans of more than 3 trillion yuan to more than 95,000 enterprises. The root of this achievement lies in the fact that the integration of industry and finance has realized the communication and interaction between financial institutions and industrial enterprises at the macro and micro levels by establishing the coordination mechanism of industrial and financial information docking and direct docking between banks and enterprises, and solved the information asymmetry problem of all parties; By means of financial discount, reward, compensation and shareholding, the problem that financial departments are unwilling to invest and enterprises cannot afford to invest has been solved; It provides an effective way to actively and steadily promote financial reform through pilot projects and gradual advancement.

  At present, the integration of industry and production is just the beginning. In the next step, we will focus on the following six aspects: First, make full use of big data, cloud computing and other information technology means to establish more convenient, fast and efficient information communication channels; The second is to expand the field of production-integration, support enterprises to effectively use the capital market to optimize the industrial organization structure and industry layout, encourage financial institutions to innovate services and support enterprises to "go global"; Third, give full play to the leverage guiding role of financial funds and drive financial capital to support the development of strategic, basic and leading industries; Fourth, encourage financial innovation products and services, and support the construction of the Made in China 2025 National Demonstration Zone; Fifth, evaluate and summarize the situation of industrial integration in pilot cities, put forward reform suggestions, and promote the reform of financial system and mechanism; The sixth is to promote enterprises to incorporate the content of production integration into strategic planning and management process reengineering, build industrial culture in the new period and enhance the soft power of enterprises.

   (Author: Wang Xinzhe, chief economist of the Ministry of Industry and Information Technology)