Cctv newsAccording to the website of the Ministry of Education, the Ministry of Education recently issued the "Regulations on the Administration of National Postgraduate Enrollment in 2022" (hereinafter referred to as the "Regulations"), and deployed all enrollment units in various places to co-ordinate the enrollment of postgraduate examinations under the condition of normalization of epidemic prevention and control. The initial test of the 2022 national postgraduate entrance examination is scheduled for December 25-26, 2021, and a few examination subjects that take more than 3 hours or have special requirements such as using sketchpad are scheduled for December 27.

　　The "Regulations" clarify that the registration of the national postgraduate entrance examination includes two stages: online registration and online confirmation (on-site confirmation). Online registration will be arranged from October 5 to October 25 (9:00— 22:00), the work of forecasting names is arranged from September 24 to September 27 (9:00— 22:00）。 All candidates who take part in the national postgraduate entrance examination shall go through the online registration and online confirmation (on-site confirmation) procedures at their designated entry points in accordance with the provisions of the relevant provincial education entrance examination institutions.

　　The "Regulations" require further strengthening the standardized management of adjustment work. The basic requirements for the adjustment of candidates are the same as last year. In view of the fact that the preliminary examination subjects of seven majors, such as business administration, public administration, accounting, tourism management, library and information science, engineering management and auditing, are completely consistent, in order to ensure fairness and justice, it is further clarified this year that when candidates transfer between seven majors, on the basis of meeting other transfer conditions, the preliminary examination results must meet the basic requirements of the national preliminary examination results of both transferred majors and transferred majors in the transferred areas.

　　The "Regulations" emphasize further serious examination of discipline. The majority of candidates are required to consciously establish the awareness of obeying rules and disciplines and honest examinations. During the initial examination, candidates should consciously abide by the "National Postgraduate Entrance Examination Examination Rules" and the examination room discipline of each test center; During the re-examination, candidates should consciously abide by the rules of the examination room of the admissions unit and the "Commitment Letter of Integrity Re-examination" signed by the candidates, and shall not disclose or disseminate the contents of the re-examination questions before the re-examination of the admissions unit is over.

　　In order to help the majority of candidates fully and accurately understand the postgraduate enrollment policy, the relevant departments of the Ministry of Education will launch the "2022 National Postgraduate Enrollment Publicity and Consultation" activity on the "China Postgraduate Enrollment Information Network" (https://yz.chsi.com.cn, https://yz.chsi.cn) from September 22 to 26, when all postgraduate enrollment units will answer candidates’ questions online.

2024 is a popular new product, and New Day Moses 3.0 sets off a new trend of retro technology aesthetics. Can you imagine that the beauty of the design of an electric car can combine "retro aesthetics" with "future technology" and combine "technology precipitation" with "future technology" to the extreme?

Based on the hot market background of Moses series, combined with the real feedback from merchants and users, New Day Moses 3.0 is further upgraded and developed with the concept of retro futurism. With more elegant retro style and modern advanced technology, it has recently created a high-value female car, which is fashionable, elegant and beautiful.

The interweaving of future and past, fashion and retro.

The design of New Day Moses 3.0 is inspired by the retro design of the Beatles, and the high windshield front panel is fashionable and practical, highlighting the strong retro style. The exterior color matching of the vehicle adopts 18th century French classics.【rococoartwindLattice]Camellia White/Luoden Frost Green, Roman Green, Rabbit Ear Powder/Plum Powder, Lime White/Oak Brown, etc. are fashionable and retro, which are the romantic aesthetics favored by artists and the most comfortable 6:3:1 gold color scheme recognized in the world, making people full of exquisite, elegant, gorgeous and delicate visual enjoyment.

Not only is the appearance of the color scheme elegant and profound, but the details of the design are also adopted by Niigata Moses 3.0."High-gloss mirror paint", 4 times spraying, 5 times baking, paint luminosity ≥ 90, more shiny and textured. Paired with those commonly used for jewelry decoration."Bright silver plating accessories"With 15 technological processes, 100+ polishing and 10h+ electroplating, it has better oxidation stability, can effectively prevent oxidation and corrosion, and is more beautiful and upscale.

From the past to the future, alwaysStick to the performance experience

Under the extreme style and high-value appearance, it is a high-profile configuration with full experience. In terms of power, Moses 3.0 is equipped.【High performance motor】, the power output is stronger; Double hydraulic shock absorption before and after, minimizing the bumpy feeling caused by rough and bumpy roads, and creating electric motorcycle-level comfortable riding. The night riding experience of the vehicle is also very comfortable, with retro rounded headlights and front and rear turn signals, all-round.【360 laser lighting system】, with stronger brightness, wider visual range and longer illumination distance.

Vehicle seats are made of high-quality delicate leather 3D wrapping design.【Palm leather cushion】After 36 tanning processes, it is more water-resistant and wear-resistant, with good elasticity, comfortable and delicate feel, and it is not easy to produce scars or deformation. Combined with the cloud cushion technology, the high-density rebound sponge with a thickness of 70mm gold is soft and fits the hip curve. The vehicle also supports【Bluetooth inductive unlocking】、【One-button reversing】And other intelligent functions, girls with small strength can also start and stop easily, comfortable and elegant throughout.

For many users, fashion sense can be said to be the first important factor affecting car purchase decision. An electric car with a good appearance can be more enjoyable and meet various needs such as wearing. On the other hand, New Day Moses 3.0 not only has a good face value, but also every detail, including style design and riding performance, gives people an exquisite and practical experience, allowing functionalism and emotional value to coexist. Let’s get off to a good start in the Spring Festival of the Year of the Dragon and turn comfortable and elegant travel into a daily routine ~

Text/Yangcheng Evening News All Media Reporter Liang Zeming

In the last month, have you been bored by the frequent "dragon boat water"? The good news is that this year’s "Dragon Boat Water" in Guangdong has been "withdrawn".

Although "Dragon Boat Water" has ended, sunny heat has become the protagonist, but it does not mean that there is no rain at all. Thunderstorms will still come from time to time to grab the show, especially in eastern Guangdong. Thunderstorm+high temperature, does it feel like a "sauna"? Standing outside for a while during a thunderstorm is comparable to being in a sauna. Try it?

It is estimated that on June 29, due to the fluctuation of the east wind, there will be heavy rain to heavy rain and local heavy rain in the cities and counties of eastern Guangdong, and there will be moderate thunderstorms and local heavy rain in the southern cities and counties of the Pearl River Delta and Meizhou. From June 29th to July 1st, there was a high temperature of about 35℃ and local 37℃ in cities and counties in the north-central region.

The specific forecast is as follows:

On June 29, there were heavy rains to heavy rains and local heavy rains in cities and counties in eastern Guangdong. The southern cities and counties in the Pearl River Delta and Meizhou were cloudy with moderate thunderstorms and local heavy rains, while the rest cities and counties were sunny to cloudy with local thunderstorms. Maximum temperature: 29℃ ~ 33℃ in eastern Guangdong, southern coastal cities and counties and Meizhou, and 34℃ ~ 36℃ in most other cities and counties.

From June 30th to July 1st, most cities and counties were sunny to cloudy with some thunderstorms, among which the southern coastal cities and counties were cloudy with scattered thunderstorms. Maximum temperature: 31℃ ~ 34℃ in southern coastal cities and counties, 35℃ ~ 36℃ in most other cities and counties, and 37℃ in some cities and counties.

In Guangzhou, the sunshine will be accompanied by thunderstorms in the next few days, and it will still be hot and sunny during the day, and local thunderstorms will sneak up. When it’s time to leave air conditioning, WiFi and watermelon, everyone should pay attention to heatstroke prevention and take an umbrella with them to keep out the rain and shade.

Every summer, "sauna days" are the most difficult. In this weather, high temperature and high humidity are combined, which makes it difficult to breathe. Why is the "sauna day" so difficult? Wang Weiyue, a meteorologist of China Weather Network, said that in general, people cool down by sweating in hot weather, and sweat can take away the heat generated by the human body in time. However, in the "sauna day", due to the high humidity and low wind speed, the evaporation rate of sweat is greatly slowed down, and the clothes can be soaked after going out for a few minutes, feeling sticky all over.

Due to the imbalance between heat production and heat dissipation, people are prone to heatstroke in sauna days, especially the following categories of people, which need special care. For example, people who drink less water and have underdeveloped sweat glands are not easy to sweat and suffer from heatstroke in sauna days; For people who are stressed and irritable, hot and humid weather will easily affect their hypothalamic ability to regulate emotions, leading to palpitation and chest tightness; People with poor cardiopulmonary function are prone to cardiovascular diseases in high temperature and high humidity environment.

Source | Yangcheng Evening News Yangcheng School Comprehensive @ Guangdong Weather @ Guangzhou Weather @ China Weather, etc
Editor | Zheng Zongmin

In winter, it is often difficult to start a car. If you encounter this situation, you can try to press the accelerator while turning the key to light the fire. This method is very effective, but when the car starts, you should pay attention to loosen the throttle properly, because excessive stepping on the throttle will cause damage to the car. If this method still fails to solve the problem, there may be the following reasons:

1. The battery is short of electricityIt is the most common reason that makes it difficult to start a car in cold weather. The lower the temperature, the lower the battery capacity. Generally speaking, the life of a battery is about 3 years. When the engine is difficult to start, the headlights are dim or the horn sound is unclear, you should check whether the battery is short of electricity.

2. The exhaust pipe is frozen

It is also a common problem. If the car is used less frequently and the route is shorter, the water vapor after engine combustion will freeze in the exhaust pipe, and short-distance driving is not enough to melt it. After a night, there will be more ice, which will affect the starting and exhaust of the vehicle.

3. Poor performance of engine oil or incorrect selection.

It may also lead to difficulties in starting the car. In winter, the viscosity of engine oil increases greatly, which leads to the increase of internal resistance of engine. Therefore, low viscosity engine oil should be used to cope with the cold weather in winter.

Note that the above method is only applicable to the situation that the car is difficult to start. If the problem still exists, please contact professional car maintenance personnel for inspection and maintenance.

CCTV News:According to the website of the People’s Bank of China, on July 28th, the central bank released a statistical report on the loan investment of financial institutions in the second quarter of 2023.

According to the statistics of the People’s Bank of China, at the end of the second quarter of 2023, the balance of RMB loans of financial institutions was 230.58 trillion yuan, up 11.3% year-on-year; In the first half of the year, RMB loans increased by 15.73 trillion yuan, an increase of 2.06 trillion yuan over the same period of last year.

First, loans from enterprises and institutions grew steadily, and the growth rate of medium and long-term loans increased more.

At the end of the second quarter of 2023, the loan balance of local and foreign currency enterprises and institutions was 152.21 trillion yuan, a year-on-year increase of 13.5%, and the growth rate was 0.1 percentage point lower than that at the end of last year; In the first half of the year, it increased by 12.86 trillion yuan, an increase of 1.3 trillion yuan year-on-year.

In terms of terms, the balance of short-term loans and bill financing was 52.8 trillion yuan, up 6.8% year-on-year, and the growth rate was 6.2 percentage points lower than that at the end of last year. In the first half of the year, it increased by 3.01 trillion yuan, a year-on-year decrease of 2.24 trillion yuan. The balance of medium and long-term loans was 95.96 trillion yuan, up 17.9% year-on-year, and the growth rate was 3.4 percentage points higher than the end of last year. In the first half of the year, it increased by 9.68 trillion yuan, an increase of 3.45 trillion yuan year-on-year.

In terms of purposes, the balance of fixed assets loans was 63.7 trillion yuan, up 14.2% year-on-year, and the growth rate was 2.8 percentage points higher than that at the end of last year. The balance of operating loans was 62.87 trillion yuan, a year-on-year increase of 15%, and the growth rate was 2.3 percentage points higher than that at the end of last year.

Second, the growth rate of medium and long-term loans in industry, service industry and infrastructure industry continued to increase.

At the end of the second quarter of 2023, the balance of medium and long-term loans in local and foreign currency industries was 20.2 trillion yuan, up 32.4% year-on-year, and the growth rate was 21.8 percentage points higher than that of various loans and 5.9 percentage points higher than that at the end of last year. In the first half of the year, it increased by 3.19 trillion yuan, an increase of 1.39 trillion yuan year-on-year. Among them, the balance of medium and long-term loans for heavy industry was 17.24 trillion yuan, a year-on-year increase of 32.2%, and the growth rate was 6.7 percentage points higher than that at the end of last year; The balance of medium and long-term loans for light industry was 2.96 trillion yuan, up 33.6% year-on-year, and the growth rate was 1.1 percentage points higher than that at the end of last year.

At the end of the second quarter of 2023, the balance of medium and long-term loans in local and foreign currency service industries was 60.75 trillion yuan, up 14% year-on-year, and the growth rate was 2.8 percentage points higher than that at the end of last year. In the first half of the year, it increased by 5.05 trillion yuan, an increase of 1.67 trillion yuan year-on-year. The balance of medium and long-term loans in the real estate industry increased by 7.1% year-on-year, and the growth rate was 3.1 percentage points higher than that at the end of last year.

At the end of the second quarter of 2023, the balance of medium and long-term loans in local and foreign currency infrastructure industry was 35.93 trillion yuan, up 15.8% year-on-year, and the growth rate was 2.8 percentage points higher than that at the end of last year. In the first half of the year, it increased by 3.25 trillion yuan, an increase of 1.1 trillion yuan year-on-year.

Third, loans in various fields in inclusive finance maintained a relatively high growth rate.

At the end of the second quarter of 2023, the balance of Pratt & Whitney small and micro loans was 27.69 trillion yuan, up 26.1% year-on-year, the growth rate was 2.3 percentage points higher than the end of last year, and it increased by 3.9 trillion yuan in the first half of the year, up 1.16 trillion yuan year-on-year; The balance of loans for farmers’ production and operation was 8.86 trillion yuan, up 18.3% year-on-year; The balance of business guarantee loans was 298.1 billion yuan, up 14.6% year-on-year; The balance of student loans was 169.6 billion yuan, a year-on-year increase of 21.6%.

At the end of the second quarter of 2023, the balance of loans for people out of poverty nationwide was 1.11 trillion yuan, up 13.2% year-on-year, and 485.3 billion yuan was distributed in the first half of the year.

Fourth, the rapid growth of green loans

At the end of the second quarter of 2023, the balance of green loans in local and foreign currencies was 27.05 trillion yuan, up 38.4% year-on-year, 0.1 percentage point lower than the end of last year, 27.8 percentage points higher than the growth rate of various loans, and 5.45 trillion yuan higher than the beginning of the year. Among them, loans to projects with direct and indirect carbon emission reduction benefits were 9.6 and 8.44 trillion yuan respectively, accounting for 66.7% of the total green loans.

In terms of purposes, the loan balances of green infrastructure upgrading industry, clean energy industry and energy conservation and environmental protection industry were 11.85 trillion yuan, 6.8 trillion yuan and 3.93 trillion yuan respectively, up by 34.3%, 35% and 49.2% respectively, up by 2.14 trillion yuan, 1.26 trillion yuan and 954.9 billion yuan respectively from the beginning of the year. In terms of industries, the balance of green loans in power, heat, gas and water production and supply industries was 6.43 trillion yuan, up 26.6% year-on-year, up 926.4 billion yuan from the beginning of the year; The balance of green loans in transportation, warehousing and postal services was 5 trillion yuan, up 13.9% year-on-year, up 465.5 billion yuan from the beginning of the year.

V. The growth rate of agricultural loans continued to grow.

At the end of the second quarter of 2023, the balance of agricultural loans in local and foreign currencies was 54.64 trillion yuan, up 16% year-on-year, and the growth rate was 2 percentage points higher than that at the end of last year. In the first half of the year, it increased by 5.47 trillion yuan, an increase of 1.4 trillion yuan year-on-year.

At the end of the second quarter of 2023, the balance of rural (county and below) loans was 45.6 trillion yuan, a year-on-year increase of 16.1%, and the growth rate was 2.6 percentage points higher than that at the end of last year; In the first half of the year, it increased by 4.66 trillion yuan, an increase of 1.38 trillion yuan year-on-year. The balance of farmers’ loans was 16.31 trillion yuan, a year-on-year increase of 13.4%, and the growth rate was 2.2 percentage points higher than that at the end of last year; In the first half of the year, it increased by 1.32 trillion yuan, an increase of 359 billion yuan. The balance of agricultural loans was 5.67 trillion yuan, a year-on-year increase of 14.7%, and the growth rate was 4 percentage points higher than that at the end of last year; In the first half of the year, it increased by 583.8 billion yuan, an increase of 196.6 billion yuan.

Sixth, the growth rate of real estate loans declined.

At the end of the second quarter of 2023, the balance of RMB real estate loans was 53.37 trillion yuan, a year-on-year increase of 0.5%, which was 1 percentage point lower than the growth rate at the end of last year; In the first half of the year, it increased by 154.9 billion yuan, accounting for 1% of the increase in various loans during the same period.

At the end of the second quarter of 2023, the balance of real estate development loans was 13.1 trillion yuan, a year-on-year increase of 5.3%, and the growth rate was 1.6 percentage points higher than that at the end of last year. The balance of individual housing loans was 38.6 trillion yuan, down 0.7% year-on-year, and the growth rate was 1.9 percentage points lower than that at the end of last year.

Seven, loans to support science and technology enterprises.

By the end of the second quarter of 2023, there were 211,900 small and medium-sized science and technology enterprises supported by loans, with a loan rate of 46.7%, 2.1 percentage points higher than the end of last year. The balance of local and foreign currency loans of small and medium-sized science and technology enterprises was 2.4 trillion yuan, up 25.1% year-on-year, 0.8 percentage points higher than the end of last year.

Eight, the growth rate of household consumption loans rebounded, and operating loans maintained a relatively fast growth rate.

At the end of the second quarter of 2023, the balance of household loans in local and foreign currencies was 78.57 trillion yuan, up 6.1% year-on-year, and the growth rate was 0.7 percentage points higher than that at the end of last year. In the first half of the year, it increased by 2.8 trillion yuan, an increase of 611.6 billion yuan year-on-year.

At the end of the second quarter of 2023, the balance of household consumer loans (excluding personal housing loans) in local and foreign currencies was 18.75 trillion yuan, up 12.4% year-on-year, and the growth rate was 8.3 percentage points higher than that at the end of last year. In the first half of the year, it increased by 717.1 billion yuan, an increase of 607.6 billion yuan. The balance of household operating loans was 21.22 trillion yuan, up 19.5% year-on-year, and the growth rate was 3 percentage points higher than the end of last year; In the first half of the year, it increased by 2.3 trillion yuan, an increase of 759.1 billion yuan.

　　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, with economic growth reaching 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)

CCTV News:There are still about two months before Christmas, the traditional western holiday. In Yiwu, Zhejiang, the world’s largest distribution center for Christmas products, delivery has already ended in previous years, but after this year’s order is closed, many customers from neighboring countries continue to add orders.

Li Lu is a salesman of a trading firm. These days, he is busy confirming the logistics of the last few containers of the company’s Christmas order. These Christmas bells and Christmas trees will be sent to Peru after shipment.

The staff of many trading firms told reporters that in previous years, customers usually placed orders in March and April, and merchants delivered goods in July and August. By October, orders were basically closed. But this year, although it is already halfway through October, many foreign trade companies are still taking orders. Yang Shengping, the head of a cross-border e-commerce company, told reporters that the rapid development of supporting logistics has extended the sales cycle of his Christmas products a lot.

At present, many factories have also begun to prepare for next year’s Christmas orders. Zhao Le, an employee of a handicraft company in Yiwu, has received several European and American customers these days, and some customers have already started to place Christmas orders for next year.

Zhao Le, manager of a handicraft company in Yiwu City, Zhejiang Province:These styles are from Europe next year, and a large number of new products have been designed for next year. There are still many new products still being proofed in the factory. Some customers have already placed orders, and the orders are ok. For the time being, order 70 or 80 cabinets.

Cai Qinliang, Secretary General of Yiwu Christmas Products Industry Association, Zhejiang Province:Foreign customers will place orders earlier and earlier. Next year’s foreign trade, I predict that some big foreign customers may start placing orders one after another after Christmas this year.