editorial comment/note

　　As International Consumer Rights Day, on March 15th every year, all kinds of anti-counterfeiting activities attract the most attention. As consumers, we can complain about rights protection if we eat fake food or buy fake goods; But when we enjoy "spiritual food" and watch "fake movies or TV", can we only admit that we are unlucky and have no recourse?

　　After all, in today’s film and television industry, we have become accustomed to data fraud. In 2016, ip man 3 was found by the regulatory authorities to have a fake box office of 32 million yuan and a box office purchased by the publisher of 56 million yuan; Monster hunt, which set a box office record in 2015, was even more because of the falsification of data, which led the authoritative foreign box office website Box Office Mojo to announce that it would no longer provide box office data of China film market, because it lacked "consistent and accurate" data sources.

　　The TV industry can’t be immune to it. It is reported that the current price of purchasing ratings has climbed to 300,000 to 500,000 yuan per episode, and a satellite TV channel needs to pay 4 billion yuan for ratings fraud throughout the year. In such a big environment, it is no wonder that consumers always suspect that they are watching fake movies or fake TVs that are different from others when watching movies with box office exceeding 100 million or TV dramas with top ten ratings.

　　Truth | law

　　Liu Junhai (Professor, Law School, Renmin University of China)

　　Film and television works are also regulated by the Consumer Protection Law.

　　Beijing News: As consumers, should the audience get some protection when consuming spiritual products? In an environment where fake data is rampant, are we considered to be infringed?

　　Spiritual products are also commodities. It also applies to market rules, including supply and demand rules, so it is completely adjusted by the Consumer Protection Law, which means that the goods and services adjusted by the Consumer Protection Law include film and television works.

　　Therefore, consumers of film and television works certainly enjoy the right to know, the right to choose, the right to fair trade and the right to security. If some cinemas and website platforms falsify and deliberately use water injection data, brush data and box office water injection, this actually constitutes fraud. According to the provisions of the Consumer Protection Law, consumers have the right to ask for a refund of 100 yuan if they buy a ticket with 100 yuan. Pay another 300 yuan.

　　Only in this way can we exert punitive damages, severely punish the faithless, fully compensate the victims and the audience, effectively motivate the rights-defending audience, warn the film and television industry, and at the same time, make things clear.

　　The untrustworthy in the film and television industry should pay the economic price.

　　Beijing News: Zhao Dongling, deputy to the National People’s Congress and screenwriter, suggested that criminal law should be used to punish plagiarism, box office water injection and data brushing. Is it realistic to rely on imprisonment to solve any chaos?

　　Although I am in favor of severe punishment for chaos and severe medicine for furuncle, "severe punishment" and "severe medicine" are not limited to criminal responsibility More importantly, it should activate civil liability. As long as the injured audience gets real money compensation, and the counterfeiters and faithless people really pay the economic price they are unwilling to bear, the effect should be very good.

　　We often say that the market has eyes and the law has teeth. To polish the eyes of the market, it also includes letting consumers pay more attention to their wallets when choosing demonstration works, and rationally choose their favorite film and television works; Temper the teeth of the law, including traditional civil liability, administrative liability, criminal liability, and the current credit sanctions mechanism-not only embarrassing, but also a breach of trust is limited everywhere.

　　In addition, to regulate the chaos in the film and television market, it is necessary to innovate the joint punishment mechanism for dishonesty. For example, when the producer or director of a broken promise works and other creative works reinvest and shoot other films in the future, the competent authorities will know fairly well-permission is troublesome, not to mention applying for relevant loans, participating in the government procurement market, participating in the "Five One Project" and so on, and I am afraid that they will all be missed in the future-equivalent to our court’s handling of "Lao Lai". Let the untrustworthy pay the price and let the honest get the pass. Only in this way can film and television works release positive energy and clear hidden rules.

　　With the improvement of people’s living standards, people have more and more demand for excellent film and television works. In fact, a good work is not a big hit, and it is not necessary to adopt dishonest marketing methods such as thirty-six schemes and larded studies-artists should have a conscience. Moreover, the problem of video data fraud should not be paid attention to until March 15 th Consumer Protection Day. This is a big problem related to the sustainable development of our film and television industry and market. My idea is to create an "audience-friendly" China film and television market, which can be truly shared by all creative parties and ordinary audiences.

　　False | data

　　Lv Yuxiang (teacher of Tsinghua University School of Journalism and Communication)

　　Video data should be supervised, and it is also important for the audience to improve their literacy.

　　Beijing News: During the two sessions, issues such as water injection and data brushing at the box office of film and television dramas were raised by many members. Can this problem be solved by technology?

　　For example, some data platforms can filter out some abnormal data through algorithms. This has long been technically realized. It is not difficult to find false data. The question is, who will make it public? Doing these things requires costs, and it can be done once or twice. In the long run, no one (or institution) will be able to afford it.

　　Data platform is a part of the market, so this problem is not only a matter of data platform, but also a market means. Practitioners are just driven by interests and take advantage of some loopholes that can be exploited. Moreover, no algorithm is perfect, and there will be defects. As long as there is demand in the market, there will always be some people who use it to achieve market goals. This is an industrial chain, but the problem will never be solved by criticizing them without guiding the audience-that is, improving the audience’s aesthetic and ability to distinguish between good and bad.

　　The data platform is not monopolized, and its influence is different.

　　Beijing News: Some members suggested that "monopoly should be broken, and new statistical methods such as real-time ratings should be introduced to realize a scientific system in which multiple ratings survey modes coexist." Can you explain it in detail?

　　In fact, operators, broadcasting systems and media platforms now have their own databases, which may cause other contradictions once they are made public. Official data, such as some ratings survey companies, are actually very few samples in different cities. Using such a small sample to interpret a problem in a large range can reflect a trend, but this sample cannot be used to delve into specific details.

　　If you think that the scoring and box office data of the open platform are very watery, there is actually not only one platform. Some research institutions also have their own monitoring, but their data are generally not completely open and have little influence, but some professionals may refer to them.

　　Can’t rely on the regulatory authorities for everything.

　　Beijing News: Can we rely on the government to establish a third-party data platform to control video data fraud?

　　This goes back to the first question. If the government leads, the government will invest money to be a platform or invest manpower to supervise. Who will this money be invested in? Is it necessary to create a new position? Personally, I don’t think we can let the government do everything, and let the market run and solve it when there is a market mechanism. As far as this issue is concerned, the official responsibility-whether the government or the media-should be to remind the audience not to blindly trust the data. If you know that the fraud is serious, the content itself is not good. As an audience, you should not watch it. This is a personal media literacy problem.

　　In a word, we can’t let the government solve all the problems while calling for decentralization. The establishment of a third-party data platform is not necessary to increase the workload of the management department-and it may not be done well.

　　What can you do if you find "false ratings"?

　　department responsible for the work

　　The Film Industry Promotion Law, which came into effect on March 1, 2017, stipulates that if film distribution enterprises and cinemas make false transactions, falsely report sales revenue, etc., disrupting the order of the film market, the film authorities of the people’s governments at or above the county level shall order them to make corrections, confiscate their illegal income, impose fines according to specific circumstances, and may take measures such as ordering them to suspend business for rectification and revoking their licenses according to the seriousness of the circumstances.

　　consumer

　　According to China’s Law on the Protection of Consumers’ Rights and Interests, business operators should provide consumers with information about goods or services truthfully and comprehensively, and must not make false or misleading propaganda; Consumers also have the right to report and sue acts that infringe on consumers’ rights and interests. Therefore, when we meet relevant operators and use false data in the process of film and television promotion, we can not only write film reviews truthfully, but also report them to relevant departments. □ Xiaoxiao (Master of Laws)

　　CCTV News recently reported on the safety investigation of self-heating hot pot.

　　You don’t need fire or electricity, just add a bottle of water, and you can enjoy the hot pot … … Nowadays, the so-called "lazy people cook their own hot pot" has quietly become popular, and some brands have also introduced self-heating foods such as rice, noodles and vermicelli. However, in the investigation, the reporter found that although the self-heating convenient hot pot is delicious and fast, there are certain safety hazards. The heating package of self-heating food is flammable and explosive, so consumers should be very careful when using it, and it is not allowed to take it by train or plane.

　　What is a self-heating hotpot?

　　Self-heating hot pot does not need fire or plug in electricity, and it is mainly composed of ingredients, an ingredient pot, a pot cover, an outer pot and a heating bag. The heating principle is to use the substance in the heating bag to contact with water to release heat, so that the temperature of the food in the upper food pot increases after absorbing heat. Besides self-heating chafing dish, it is also called micro chafing dish, clear boiled chafing dish and self-cooking chafing dish.

　　This product, which first appeared in Wechat business’s circle of friends, attracted more and more catering and food companies to join. From making hot pot bottom materials to chain hot pot restaurants, many companies have started self-heating small hot pot business. Even a good shop that makes snacks sells self-heating hot pot in its own Tmall flagship store. Now go to e-commerce platforms such as Tmall and JD.COM to search for "self-heating hot pot", and at least nearly 30 brands will appear.

　　Eat a hot pot and call the police!

　　However, there is no small safety risk in this convenient hot food. The reporter noticed that there are many reports on the Internet that the alarm will give an alarm when the self-heating hot pot is used, and consumers have sent the video that triggered the continuous alarm of the gas alarm when using the self-heating hot pot to the short video platform.

　　Consumer Xiao Chen has been afraid to eat self-heating hot pot at home since it caused the gas alarm to call the police. According to reports, she was operating in the kitchen according to the instructions. After the lid began to steam, she planned to go back to the house for a while, but before she left the kitchen, the gas alarm suddenly rang.

　　"At that time, I was shocked. I was afraid of gas leakage and specially called the gas company. The other party said that the gas did not leak after the door-to-door inspection." The inspectors said that it may be caused by the self-heating chafing dish, because the gas alarm will only give an alarm when it detects that carbon monoxide exceeds the standard, which may be caused by the gas released when the self-heating chafing dish is heated.

　　In addition, consumer Xiao Li told reporters that once he ate self-heating rice on the glass coffee table at home, the vent hole on the lid of the box just burst, and he heard a bang, and the corner of the glass coffee table burst, causing the rice to spill all over the floor.

　　The reporter bought a box of self-heating hot pot at random. After unpacking, first put the hot pot bottom and all the ingredients into the lunch box and add cold water. Then tear off the outer bag of the heating package and put it in the bottom box, and add cold water without heating the package. Place the food box on the heating bag, open the vent hole on the closed cover and cover the hot pot tightly. After a few seconds, steam will be ejected from the vent hole. After a few minutes, the sound of boiling water will be heard in the box, and the box will expand and deform when heated, and the high temperature can be felt near the lunch box. After more than 10 minutes, the box gave out a bang, and then the gas alarm at the reporter’s home rang. Turn off the gas alarm and wait for a few minutes, open the airtight cover, and high-temperature steam will blow on my face. In the process of eating, the self-heating hot pot has always maintained a high temperature. After eating for an hour, the outside of the lunch box still feels hot.

　　The manufacturer said this.

　　Why does the alarm continue to alarm?

　　So, what is the reason that causes the gas alarm to alarm continuously? The reporter dialed the telephone number of the manufacturer of the heating package. "When the heating package heats up, it will produce a small amount of hydrogen, because hydrogen will cause the smoke sensor to alarm." The person in charge of a heating package manufacturer said. Hydrogen is a combustible and reducing gas. Pure hydrogen burns quietly in the air, while impure hydrogen may explode when it burns.

　　Is it dangerous to generate hydrogen in the heating package?

　　However, in view of the hydrogen generated during the reaction of the heating package, the personnel of the manufacturer claimed to the reporter that "there is absolutely no safety hazard".

　　The person in charge of a heating package manufacturer told the reporter: "It doesn’t matter. If that thing is dangerous, it can’t be so hot in the market. Don’t think it’s so dangerous, it’s not so dangerous, and big companies are doing it."

　　safety test

　　1 In a confined space, the heating package has the risk of deflagration.

　　The manufacturer of the heating package said that there was absolutely no potential safety hazard. However, reports about the alarm of the self-heating food appeared from time to time. Then, is there a safety hazard after the heating package reacts with water?

　　Not long ago, the Shanghai Consumer Protection Committee informed about the testing of 20 self-heating instant hot pot products. The test items include the inspection of appearance and packaging label, the surface temperature of the pot, the gas released by the heating package when it meets water, the secondary water addition reaction of the heating package, the composition and content of the heating package and other indicators. The test results show that all the tested heating packages belong to "substances or mixtures that emit flammable gases when in contact with water".

　　Shang Zhaocong, executive deputy director of the National Chemical Product Safety Quality Inspection Center, told the reporter: "We have done a lot of experiments, and basically each heating package can generate about 40 liters of hydrogen. The combustion limit of hydrogen in air is 4% to 75.6%. Of course, there are other closed or semi-closed conditions, such as inside the car, which will have similar risks. "

　　You should also be careful when eating hot pot together on the tourist bus.

　　Not only the self-heating food may bring the risk of deflagration when it is used in a closed space, but also it has great safety hazards when it is used intensively in some public places.

　　Xiao Qiuping, assistant director of the National Chemical Products Safety Quality Inspection Center, said: "For example, many tourists don’t know that hydrogen will be generated during the driving of tourist buses and long-distance buses. The large-scale use of self-heating hot pot may lead to the accumulation of hydrogen in vehicles, especially in summer, when the air conditioner is turned on, and the whole compartment is in a closed environment. In this case, if the lower explosion limit concentration is reached and a little fire source is encountered, a lighter is not needed.

　　3 After using the discarded heating package, there are still potential safety hazards.

　　Experts also told reporters that not only the self-heating products may bring the risk of deflagration after reaching the deflagration limit value of hydrogen in the use process, but also there are safety hazards after using the discarded heating packages.

　　In this experiment, the Shanghai Consumer Protection Committee also submerged 20 sample heating packages in water again. The results show that there are 14 samples of heating packs with different degrees of continuous deflation. The reaction duration is more than 3 minutes, and the longest is 8 minutes.

　　If such a heating package is discarded and meets water in a closed space such as a garbage can, and a little fire source is added, it may burn.

　　Safety warning to be standardized, safety standards to be issued.

　　In terms of product standards, there are currently no national and industrial standards related to self-heating instant hot pot products and heating packages in China. In fact, this unpredictable but possible security risk needs to be clearly reminded before users use it. However, the reporter found that at present, no self-heating product on the market has made a clear warning against these problems.

　　Cai En, director of the Consumer Guidance Department of the Shanghai Consumer Rights Protection Committee, said: "The manufacturer of heating packs should first make further tests and analysis on the components and related proportions of its heating packs, including the weight, to ensure that this heating pack can fully respond and ensure the safety of consumers when using it."

　　In this test, 18 samples of heating packages were marked with main components and corresponding enterprise standard codes. According to the marked main components, it can be divided into two groups: group ⅰ is calcium oxide, aluminum particles and sodium bicarbonate; Group II is calcium oxide, aluminum powder, sodium carbonate and sodium hydroxide. The heating packages of the other two self-heating instant hot pot samples were not marked with ingredients and enterprise standard codes.

　　According to the Catalogue of Hazardous Chemicals (2015 Edition) issued by state administration of work safety and other ten ministries and commissions, "aluminum powder" belongs to hazardous chemicals. In the list of dangerous goods in the United Nations Model Regulations on the Transport of Dangerous Goods, "uncoated" aluminum powder belongs to the listed 4.3 substances that release flammable gases when meeting water; Sodium hydroxide belongs to the listed class 8 corrosive products. When transported by air, calcium oxide belongs to the eighth corrosion product listed in the list. The heating package belongs to the substances listed in the list that release flammable gas when it meets water.

　　According to the classification standard of the United Nations "Recommendations on the Transport of Dangerous Goods Model Regulations", the self-heating instant chafing dish products are dangerous goods in transportation, because of the danger of releasing flammable gas when encountering water.

　　Therefore, China’s civil aviation system has completely banned the carrying of self-heating products on the plane. The regulations on railway safety management issued by Guangxi also clearly stipulate that it is forbidden to use self-heating food on bullet trains.

　　Use reminder

　　Shanghai Consumer Protection Committee reminds consumers:

　　● Read the instructions of the product before use, and operate in strict accordance with the prompts, especially not in closed and narrow environments such as cars, avoiding naked flames, and minors can use it under the guidance of adults.

　　● When using, please pay attention to placing the product on the anti-scalding table, and avoid touching the outer pot to avoid scalding.

　　● After use, the instant chafing dish garbage should avoid massive accumulation or direct contact with water, and be classified according to the regulations of Shanghai Municipal Domestic Waste Management, and the used heating package should be classified and disposed according to harmful waste.

　　Self-heating food raw materials have the problem of nutrient loss.

　　Chen Rong, president of the Nutritionist Association of Heilongjiang Province and a national first-class nutritionist, said that the nutritional value of vegetable raw materials in self-heated food could not be compared with that of fresh vegetables.

　　Comprehensive CCTV, interface news, life newspaper, etc.

Author Liu Yan

Editor Xin Ling

Toutu. com

After a wave of unrest, Gao Wei fell into a storm of public opinion again.

First, it was rumored that the consumer group was "indiscriminately laying off employees". After Gao Yan’s urgent rumor, it was rumored that some of its projects were "frequently looking for buyers", "selling a lot of assets" and "looking for a takeover man" … and then the market conveyed various speculations.

In response to the so-called "selling assets" in the market, Gao Yan responded to the entrepreneurial state and said: "International markets such as Coller Capital and TR Capital are all mature players in the S market. S-transactions are more often about the continuation of assets than the simple sale of assets. In the simplest way, the seller who sells the share is not a VC/PE institution, but a share transfer between LPs. Before and after the asset package transaction, the GP share remains unchanged. That is to say, the so-called’ high-selling assets’, in essence, the share transfer between high-selling LP is not high-selling assets.

At the same time, according to the entrepreneurial state, Gao Yan is also setting up a special S fund team. Gao Wei said: "S trading has two meanings for Gao Wei. On the one hand, it can serve our LP and help the existing LP to better grasp the exit rhythm. At the same time, we are also very optimistic about the investment opportunities in the S market. For the long-term optimistic areas, we can either invest in new shares or intervene in the S fund. We believe that S trading, as a new tool, has great market potential and promotes venture capital. "

Let’s not comment on the deep-seated reasons behind Gao Ling’s trading in S, but from the feedback of the market, do we really know S funds?

The answer may not be.

As far as the incident itself is concerned, "Gao Yi sets up S fund team" has been misunderstood by the market as "Gao Yi sells assets". The so-called "high-selling assets" in the market is actually the share transfer between high-selling "LP", which can make the old LP get liquidity and withdraw early, but high-selling is still the holder of assets, and its share of assets remains unchanged.

When Gao Ying set up the S fund, it appeared as a buyer in the S transaction, and they would buy fund shares, investment portfolios or investment commitments from other investors.

We can see that Gao Ling, as an important weather vane, has begun to focus on the hidden opportunities in S trading.

The fundamental reason why the market has misunderstood Gao Ling’s fund is that many people confuse the concepts of S fund and S trading, and think that S fund is only an exclusive game dominated by LP, and GP with operational problems will passively participate. Even most GPs deliberately stay away from the S fund, which seems to have the label of "disposal of non-performing assets", for the sake of brand protection.

In fact, S trading is a good tool to help GP "make money". More and more foreign GPs take the initiative to use S trading as a tool to solve the problems of raising funds, withdrawing, optimizing LP structure, asset management, adjusting investment strategy and withdrawing cash.

After more than 20 years’ development, this innovative financial instrument has entered a milestone development abroad. The landmark event is that in 2021, the GP-led S transaction exceeded the LP-led transaction scale for the first time, and it showed a sustained growth trend. According to the latest data of Jefferies in the United States, the transaction volume dominated by GP has increased from 35 billion dollars in 2020 to 68 billion dollars in 2021, accounting for more than half of the transaction volume in the S market, among which, the continuation fund (a model in S trading) accounts for the majority. This survey is also verified by Lazard’s data.

Foreign GP-led transactions surpassed LP-led transactions for the first time, accounting for half of the total trading volume in the S market (Source: Lazard).

However, in China, the vast majority of China GPs don’t realize the intrinsic value of S-trading. In most cases, GPs passively participate in S-trading when LP needs to withdraw, and the GP institutions that actively initiate trading are rare. As far as quantity is concerned, there are only a few domestic GP-led trading cases, such as IDG Capital, Kunzhong Capital, Huagai Capital-Shenzhen Venture Capital, Junlian Capital, Xiangfeng Fund and Puzzle Capital.

As a professional buyer, S fund managers generally believe that the risk coefficient of GP-led S trading is higher than that of LP-led S trading, but the return on investment is also significantly higher. This has also become one of the important reasons why the big buyers of foreign mature S funds represented by Kohler Capital actively participate in GP-led transactions.

What is GP-led s trading? When will it become mainstream in China? How can VC/PE managers use it to create more value?

S fund has been known to most GPs. As the market tends to be hot, 2020 is also called the first year of China S Fund. However, many people’s first impression of S fund still stays at the level of "taker" of non-performing assets.

Tracing back to 30 years ago, when S Fund was born abroad, it also had the derogatory color of "disposal of non-performing assets".

"In the beginning, S funds were only used when there were major problems in American funds. At that time, some big GPs would try to avoid having relations with S funds, so as not to be labeled as’ bad’. Now, more and more GPs are actively looking for S funds to cooperate, in order to create more income. At present, the awareness of S funds in the China market in the early stage of development is at most a neutral concept. " Yang Zhan, director of Kohler’s capital investment and general manager of Kohler (Beijing) Private Equity Fund Management Co., Ltd. introduced.

"The fund expires to find the next LP, just as it is common for a girl to find an object when she is older." Executive CEO Li Miao made an image metaphor. She believes that it is absolutely unnecessary for GP to avoid the normal behavior of selling assets or transferring shares.

"Generally, it is very good that 20% of the assets of US dollar funds can be withdrawn through IPO, and a large number of other assets need to be withdrawn through mergers and acquisitions, transfer, repurchase and liquidation." As an early group of S fund practitioners in China, Li Mingming, managing director of Xingnahe Capital, told Entrepreneurship.

"The market has a certain misunderstanding of the S fund. The S fund will not simply buy bad assets, but can look at the underlying assets through cycles and outlets and invest in valuable asset packages. And in general, the return on investment of S funds is higher than that of parent funds, even higher than that of some PE/VC funds, and J curve can be avoided to some extent. " Li Mingming thinks.

"In China, many VC/PE institutions and even the media often confuse the concept of S fund with S transaction, which leads many GPs to wonder whether they should find S fund to receive assets or do S fund, and even narrowly think that only S fund can help GP." Li Miao said.

The main difference between S fund and S transaction is that S fund is one of many participants in S transaction and a part of S market. S fund is a Secondary Fund, which specializes in investing in the private equity secondary market.

For example, there are Kohler Capital and TR Capital abroad, and there are Gefei S Fund, Nuelle S Fund, SIIC Shengshi S Fund (jointly established by Shengshi Investment and SIIC Group) and Shenzhen Venture Capital S Fund in China, which act as buyers in S transactions.

S transaction refers to the Secondary Transaction of private equity, which is commonly divided into two types: LP-led and GP-led.

Among various transaction types, GP and LP have achieved different requirements (source: Executive Middle School).

Most GPs in China are familiar with the LP-dominated trading mode, and most of them are the share transfer between LPs due to liquidity considerations. Because it is difficult to bring increment to the management scale of VC/PE funds, GPs generally have no driving force to actively cooperate with S trading links such as full adjustment and industrial and commercial changes.

What VC/PE in China ignores is that GP-led S transaction usually refers to a transaction in which GP takes the initiative to transfer one or more assets or fund shares to a new fund, and the new fund will continue to be managed by the existing GP or related parties. It is generally divided into various types, such as continuing fund, fund reorganization, late trading and tied trading.

After removing the misunderstanding of S-transaction and S-fund, we further analyze the value of GP-led S-transaction to VC/PE institutional managers.

For GP, what other "money-making" opportunities are implied in S trading?

Generally speaking, passive pressure and active interests are enough to drive more and more China GPs to actively participate in the private equity secondary market. This is Li Miao’s view.

As far as income is concerned, she learned that the income of investment institutions participating in S trading is considerable. "The first income from investing in S shares comes from discount income, but more income comes from the later appreciation of assets. We are familiar with S funds and financial institutions that have participated in the S market since 2021. "

For example, a fund restructuring transaction led by Kunzhong Capital, as the seller, created a 25% DPI for RMB funds. In addition, some investors revealed that the investment return performance of individual market-oriented S funds in China is better than that of mature foreign markets, and they are enjoying the early dividends in China’s S market.

However, the market dividend of S fund for LP share discount transfer will not last forever. "After a wave of market dividends in the downturn of the secondary market in 2018, the share of S in COVID-19 will be rapidly ignited in 2020, because the share of S can accelerate the cash return, reduce the risk of blind pools, and the discount rate will increase the return on income." As a parent fund practitioner for many years, Li Mingming, managing director of Xingnahe Capital, said.

After communicating with her peers, she basically reached a general consensus that the small LP share discount transfer has actually entered a relatively fierce level in China, and the "missing" behavior of buying and selling shares at low prices between LPs is difficult to last for a long time. In contrast, the complex S trading led by GP will gradually become a new trend.

"In the past two or three years, foreign GP-led transactions have gradually increased, and now it has accounted for half of S transactions, of which single assets have more transactions. The reason is not only related to the expiration of many foreign funds, but also because S trading has become one of the important exit paths for foreign M&A funds. Through S trading, M&A funds can retain assets for a longer period of time in order to obtain higher returns. " Kohler Capital Yang Zhan analyzes the differences between China and foreign countries.

Many people said that the two core pain points of fund-raising and withdrawal will force China GP to find more exit ways, and S-trading will gradually become an important supplement to various exit channels such as IPO, M&A and liquidation. This trend is basically consistent with the mature American market of private equity.

Although the multi-level capital markets such as Beijing Stock Exchange, Growth Enterprise Market registration system and science and technology innovation board can broaden the exit channels, the pressure of fund exit is still great, and a large number of funds are entering the liquidation period one after another, and the demand for fund late trading is great. "Looking back at the VC/PE industry in China, it experienced rapid development from 2015 to 2017, during which a large number of market-oriented funds were established with a term of 5-7 years. Now many funds have reached the liquidation period, and LP urgently needs liquidity. In addition, there are many funds that take money from the financial funds with a term of 10 years, and they have also come to the exit period one after another, and the enthusiasm of state-owned assets to participate in S-share trading is getting higher and higher. The stock market of domestic S transactions is very large, with a scale of more than 13 trillion yuan. " Huang Zhenlei, deputy general manager of Beijing Equity Exchange Center, told Entrepreneurship.

Why are "second-hand share" trading opportunities more active in the stock market era?

Kohler Capital Yang Zhan made an image metaphor: "The Beijing real estate market has entered the stock market, and the second-hand housing transactions are active, accounting for the vast majority of the total transaction volume, which is a bit like the reason that the private equity secondary market in China will gradually enter the stock market; The real estate market in Xiong’ an is just the opposite. The real estate development time is delayed in Beijing, and it is still in the era of first-hand housing transactions, and there will be no large-scale second-hand housing transactions for the time being. "

Yang Zhan is optimistic about the market potential of a large number of second-hand shares in China market. Kohler Capital, where he works, is the buyer of the private equity secondary market with the largest investment team in the world, and its investment strategy will also focus on the GP-led market.

Huang Zhenlei of Beijing Equity Exchange Center revealed to Entrepreneurship: "As the first pilot of S share transfer in China, the transaction volume of Beijing Equity Exchange Center has shown a substantial growth trend in the last two years. Last year, the transaction volume reached 1 billion, and it is expected to break through 10 billion yuan this year."

Then analyze the pressure of GP fundraising. Factors such as new asset management regulations, tight financial funds, and financial difficulties of listed companies lead to difficulties in LP’s capital contribution. The situation that LP’s subscribed capital contribution is not in place, LP requires DPI, and fund raising increases the pressure on GP to raise funds.

What is the root cause of the difficulty in raising funds for GP?

Li Miao has different perspectives: "Compared with other asset classes, private equity funds have a long cycle and high uncertainty of investment returns. The core reason is a serious shortage of liquidity. An illiquid asset is lifeless, and S trading can just solve the liquidity problem of private equity funds. Money is the smartest and will flow to assets that can generate returns, so now we can see that a larger amount of funds have entered the private equity secondary market. "

"Despite the existence of market demand and GP pain points, on the whole, the enthusiasm of domestic GPs to actively participate in S trading needs to be improved. Although they are interested in S trading, there are not many real participants. Compared with overseas developed markets, S trading in China market is still in the early stage, and the market space is very large. " Huang Zhenlei of Beijing Equity Exchange Center said.

Judging from the proportion of capital contribution, the main sellers in China S market may be finance, central enterprises, state-owned enterprises and financial institutions, but the buyer’s strength needs to be cultivated, the types of intermediary institutions need to be enriched, and the pricing mechanism for financial state-owned shares needs to be further improved. Judging from the transactions completed by Beijing Equity Exchange Center, although there are occasional packaged asset transactions and GP restructuring, the trading mode is relatively simple, and GP-coordinated LP share trading is still the mainstream.

"A core point is that when the assets invested by GP are really poor, it is not S trading that can solve the problems of withdrawal and fundraising, and the cart before the horse cannot be put". Li Miao reminds some players who want to participate in the transaction.

"Foreign fund managers and investors will use S trading as a tool to adjust their existing portfolios, just like buying stocks to adjust positions." Kohler Capital Yang Zhan said that the frequency of domestic players using S tools is obviously not high.

In addition, according to the observation of many domestic people, a new phenomenon has begun to appear in the China market. When some GPs encounter difficulties in fund-raising, they begin to use S trading tools and promise to sell some assets of new LP or past fund shares at low prices in exchange for the possibility of LP contributing to the new fund, so as to achieve the purpose of fund-raising. This practice of "tying up assets" belongs to bundled transactions.

"Although there are similar binding modes abroad, the thinking logic and original intention are different." Kohler Capital Yang Zhan reminds domestic players.

According to Li Miao, some FA will use Mingchi Continuation Fund when raising funds for GP. "this method is more suitable for new funds or GP that has just come out to raise funds and is being institutionalized. S tool can help GP create DPI performance. In addition, a single old stock and asset package transaction can also be used as a value exchange to create DPI for GP. With DPI, GP will make it easier for the new LP to see its historical performance and raise funds more conveniently. "

In fact, continuing fund and fund reorganization have become a new way of playing individual head GP in China in recent two years. "Asset restructuring seeks to withdraw, and generally packages a number of assets to speed up the withdrawal of funds and release more management energy of GP. It can also adjust investment strategies, turn to other track investments, and even actively optimize the LP structure and absorb institutionalized LP. In addition, you can also make a single project fund share transfer. " Huang Zhenlei of Beijing Equity Exchange Center said.

In China, the fund restructuring transaction known as the first RMB-to-US dollar fund in China is dominated by Kunzhong Capital.

In 2020, Kunzhong Capital packaged and sold seven projects to overseas entities set up by TR CAPITAL, creating a 25% DPI for RMB funds, and the transaction involved about 100 million US dollars. Through this S transaction, Kunzhong Capital completed the withdrawal of some RMB assets, and at the same time realized the raising of the first US dollar fund of Kunzhong Capital. Also completed the RMB-to-US-dollar fund restructuring transaction is Unconfused Capital, with the transaction scale exceeding 100 million US dollars. It can be seen that the GP-led S transaction can realize dual-currency conversion and solve the fundraising problem smoothly.

Kunzhong Capital Dollar Fund Reorganization Transaction Chart (Source: Guangchen Consultant "Ten Thousand Folds Must Be East")

Guangchen Consultant stated in "Ten Thousand Folds Must Go East" that Kunzhong Capital achieved a win-win situation among the three parties through this transaction. First of all, the original LP achieved considerable DPI through this transaction, which improved the overall cash performance of the fund in 2016; Secondly, the new LP has obtained the potential appreciation space of assets in the future; Thirdly, RMB LP helped GP upgrade to a dual-currency GP with more brand influence, paving the way for GP to enter the US dollar fund market for future financing.

In September, 2020, IDG led the completion of the S-fund restructuring transaction with NAV (Net Fund Share) exceeding USD 600 million, which became the largest publicly disclosed S-fund transaction in the history of China at that time.

This typical GP-led S-trade has injected a shot in the arm into the S-market. In the transaction, IDG packaged the portfolio of one of its RMB funds that has not been withdrawn into US dollar funds, involving more than 10 projects, and the buyer was a consortium led by Harbour Vest, an international parent fund management agency.

According to the observation of Entrepreneurship, the S transaction led by IDG capital is relatively active. At the beginning of this year, the largest single paid-in "QFLP+S" fund was established in Wuxi, which is also the first cross-border S fund of IDG to complete the payment.

Let’s look at the first publicly available large-scale RMB GP-led fund share restructuring transaction in China, with Huagai Capital as the leading party and Shenzhen Venture Capital S Fund participating as CO-GP.

The scale of this S fund is 800 million yuan. As the first RMB-structured reorganization and continuation fund in China, Huagai Capital has packaged many star projects such as Fuhong Hanlin. Through this continuation fund, Huagai Capital further enlarges the value of the portfolio, prolongs the holding period of star assets, and thus improves the return on investment.

In addition, Junlian Capital also completed a typical GP-led medical continuation fund transaction in 2021, with a transaction scale of US$ 270 million. Among them, one of the important buyers of the transaction is Kohler Capital. Prior to this, in February 2020, Junlian also completed a $200 million continuation fund transaction.

Junlian Capital’s $270 million medical and health continuation fund transaction chart (Source: Zhongzhong)

Vilen, managing director of Xingnahe Capital, suggested that GP should have strong resource control ability, and it is best to find a professional intermediary or professional buyer to cooperate. Generally, GP may find it difficult to copy the existing gameplay of other GPs.

As one of the earliest S-trading practitioners in China, vilen thinks that the current S-market in China may not be as lively as most people feel. After all, the S-market in China is in its early stage, and the professionalism of the buyers and sellers involved in the transaction is extremely high. "S-trading is highly complex, the trading process is complex, the water is deep and there are many pits, so participants need to be cautious, otherwise there will be many potential risks."

Finally, many senior people said that there will be special trading opportunities and market dividends when the secondary market is depressed. 2022 is undoubtedly a good opportunity for S fund buyers to buy excellent assets, but it is not necessarily a good time for GP to sell assets.

If you are right"s trading topic"Interested, welcome to add the author’s WeChat communication (ID: ID：i20130214).

This article is original for the entrepreneurial state and may not be reproduced without authorization, otherwise the entrepreneurial state will reserve the right to pursue legal responsibility against it. If you need to reprint or have any questions, please contact editor@cyzone.cn.

　　Cctv news Recently, with the theme of "improving the emergency response ability and keeping the bottom line of safety and stability", the second class of the 65th Middle School of the Party School of Zhengzhou Municipal Committee held a student forum on how to improve the emergency response ability of young and middle-aged cadres. During the activity, 15 students’ representatives exchanged speeches, and Deng Yunqi, director of the cadre planning office of the Organization Department of Zhengzhou Municipal Committee, made a summary comment.

　　At the forum, all the students spoke from different perspectives and fields closely around the theme, combining their work practice and learning experience. Students communicate from the practical level, explain their views from the industry field, express their views from the perspective of "learning from practice", and solve the problem of emergency response ability of young and middle-aged cadres with "understanding thinking".

　　The atmosphere at the forum was warm, and "flash" suggestions emerged one after another. The speeches included both theoretical explanations and case analysis. There are both problems and countermeasures; There are both experiences and lessons. Through this forum, the students exchanged ideas, enlightened their wisdom, tested the learning effect, and embodied the purpose of applying what they have learned to promote learning.

　　Deng Yunqi fully affirmed this student forum. He believes that the forum is well-prepared, well-organized, and has a strong atmosphere. All the students have made in-depth thinking based on their own job responsibilities and professional fields, and made speeches from different dimensions and perspectives. He expressed the hope that everyone will cherish the learning platform of the party school, take everything and every activity seriously, calm down, think deeply, discuss and communicate, improve their ability in all directions, lay a solid foundation for future work, and live up to the trust and cultivation of the organization.

Early Indian films:

"Caravan" warms a generation in China. The episode of "Wanderer" is widely sung.　

　 　 Indian films have a long history with China audiences. In 1955, The Wanderer directed by Raj Kapoor was translated by changchun film studio and premiered in China, becoming the first film to introduce China. The film was re-released in China in 1978 and swept the country. The episodes "Song of Raz" and "Song of Rita" were widely sung. Since the reform and opening up, a large number of Indian song and dance love movies such as Caravan, Nuli and Cinnabar Love have entered China, especially Caravan, which has a far-reaching influence. aruna irani’s dance and Lata’s singing have warmed the hearts of a generation. After entering the new century, Hollywood movies are coming on a large scale, and Indian movies, together with movies from other countries, are gradually pushed to the edge, which leads to the China audience’s impression of it not being updated in time. All this will be improved with the signing of the China-India film cooperation agreement in 2014.

　 　　At the beginning of its birth, Indian films were dominated by myths and ancient themes, such as King Harish Chandra, Salandri and Light of Asia. In 1931, India’s first sound film "Aram Allah" appeared, interspersed with 10 songs and several dance scenes, which was a great success, and then set off a wave of musical production. Because Indians have a special liking for song and dance performances since ancient times (classical Sanskrit dramas and various folk dramas carry a large number of song and dance performances), and singing and dancing are also a part of their daily life, song and dance passages have since become an indispensable element of Indian films, and the films with wide influence include Wanderer, Caravan, Warm and Warm People, Bollywood Love for Life and Death and so on.

　 　　Nevertheless, there are still many different kinds of films in the history of Indian film. In 1930s, Indian filmmakers studied western artistic techniques and made many films to explore social problems. After the victory of World War II, films such as Doctor Kodi Hua by Sendaram and Son of the Earth by K·A· Abbas represented the rise of Indian national films. In the 1950s and 1960s, satya Kit Rey, BimalRoy and others started the Indian "New Film" movement, focusing on subjects closely related to the people, and won international prizes one after another. This tradition was inherited by "neo-realism" and "social school" writers and lasted until the 1980s and 1990s. Later, historical films and action films with high entertainment value, such as Ashoka and Terrorists, caused great waves in India.

　 　 We often refer to Indian movies as Bollywood movies, but this is not an accurate name. The word "Bollywood" is a combination of "Hollywood" and the first letter of Mumbai’s old English name "Bombay". At first, it refers to the film production base in Mumbai, while "Bollywood film" refers to Hindi films produced here. Indian film industry is composed of Hindi films, Tamil films, Bengali films and other production bases. After the rise in the 1920s and 1930s, the short-lived crisis during World War II, the post-war prosperity, the depression in the 1980s and the resurgence in the 1990s, it has exerted great influence on the culture of the Middle East, Africa, Southeast Asia and even the whole world.

In order to fully implement the strategy of strengthening the capital and further improve the training and selection mechanism of civil servants from the grassroots level, according to the Civil Service Law, the Provisions on the Transfer of Civil Servants, the Measures for the Public Selection of Civil Servants and other relevant laws and regulations, the relevant matters concerning the public selection of civil servants in Nanning directly under the authority in 2022 are hereby announced as follows.

I. Position

There are 22 people in 19 positions below the first-level chief clerk and other equivalent ranks. For specific job information, please refer to the Public Selection of Civil Servants in Nanning City, Guangxi Zhuang Autonomous Region in 2022 (annex, hereinafter referred to as the Public Selection of Civil Servants).

Second, the object and conditions

(1) Selection targets

The selection target is the on-the-job staff who have registered as civil servants in the organs below the county (city, district) in our city (including the civil service law management unit) (referring to the staff registration of the civil service law management unit, the same below). The above-mentioned target range includes staff who have withdrawn from the scope of reference management during the institutional reform, registered for reference management, approved to implement the transitional policy and are on the job.

(2) Qualifications

Applicants should meet the following qualifications:

1. Have a firm political stance and excellent political quality, strengthen the "four consciousnesses", strengthen the "four self-confidences" and achieve "two maintenance".

2 with good professional quality, good conduct, outstanding performance, recognized by the masses.

3. Bachelor degree or above.

4. Have grassroots work experience for more than 2 years. "grassroots work experience" refers to the party and government organs below the county level, village (community) party organizations or village (neighborhood) committees, as well as various enterprises and institutions (except those managed by referring to the Civil Service Law). The experience of demobilized military cadres working in military regiments and units below the equivalent regiments, and the experience of retired soldiers serving in active service in the army can be regarded as grassroots work experience.

5. Generally, you should have worked in the organ at the same level for more than 2 years (including probation period), and the time of secondment in the higher authorities cannot be counted.

Applicants should meet the minimum service life requirements for working in the organs at the same level. If there is no provision, they must work in the organs at the same level for more than 2 years.

Applicants who are members of the township leadership team must have worked in the township authorities for 5 years or have worked in the township (including the village) for 5 years and have served as members of the township leadership team for 3 years.

6. The annual assessment is not basically competent.

7. Have the working ability and qualifications required by the open selection of positions. Generally under the age of 35 (born after February 25, 1986, the same below).

8. Relevant work experience required for open selection of positions.

9. Have the physical conditions and psychological quality to perform their duties normally.

10. Other qualifications that meet the requirements of open selection of positions.

11 other conditions stipulated by laws, regulations, rules and policies.

One of the following circumstances, shall not participate in the selection:

1. Being expelled from the Communist Party of China (CPC) Party membership.

2. Being listed as the object of joint punishment for dishonesty according to law.

3. Suspected of violating discipline and law, being examined by relevant specialized agencies, and no conclusion has been reached.

4. Being influenced by admonition, organizational treatment or disciplinary action, etc., whose influence period has not expired or expired.

5. Newly hired township civil servants have worked in township organs for less than 5 years (including probation period).

6. In accordance with the relevant regulations, there are other restrictions on working in hard and remote areas and directional units without full service years or transfer.

For those who are hired by lowering the entry threshold and other preferential policies, they should serve for at least 5 years (including probation period) in the hard and remote county and township organs within the city area where they apply; Under five years, it is not allowed to openly select the higher authorities in this city and the organs in non-hardship and remote areas, nor to openly select the organs in other cities and other provinces (autonomous regions and municipalities directly under the Central Government) in the region (including those in hardship and remote areas).

7. Still in probation or promoted to leadership positions for less than 1 year.

8. Other circumstances stipulated by laws and regulations.

Applicants are not allowed to apply for the selection positions that constitute the circumstances listed in the first paragraph of Article 74 of the Civil Service Law, nor are they allowed to apply for the positions of the employing units where people who are husband and wife, lineal blood relatives, collateral blood relatives within three generations and close in-laws are leading members.

The calculation time of relevant qualifications involved in this selection, such as service years, probation period for leadership positions, punishment period, influence period, work experience, seniority and so on, takes February 25, 2022 as the deadline, and the years are accumulated according to full years.

Third, the registration procedure

(1) Job inquiry

Candidates can log on to the "Greentown party flag Red" Party Building Information Platform (www.nndj.gov.cn) and Guangxi Personnel Examination Network (www.gxpta.com.cn) to inquire about the positions and their qualifications through the published "Open Selection of Positions Schedule". The qualification examination unit shall be responsible for the interpretation of the professional, academic qualifications, work experience and other qualifications required by the position.

(2) Online registration and preliminary qualification examination

The public selection and registration is based on the combination of personal wishes and organizational recommendation. Registration and preliminary qualification examination are conducted in Guangxi Personnel Examination Network (www.gxpta.com.cn) without charge.

Applicants must log on to Guangxi Personnel Examination Network from 8:30 on February 25th to 18:00 on March 2nd, 2022, click on "Special Topics of Public Selection of Civil Servants in Cities with Districts in Guangxi Zhuang Autonomous Region in 2022" to enter the registration system, truthfully fill in and print the "Recommended Registration Form for Public Selection of Civil Servants in Guangxi Zhuang Autonomous Region in 2022" (hereinafter referred to as "Recommended Registration Form"), and obtain the consent of the appointment and removal organ (according to the cadre management authority) and affix the unit. The information in the Registration Recommendation Form must be true and accurate. Anyone who practices fraud will be disqualified from this selection. Those who fail to complete the registration steps within the specified time shall be deemed to have given up this registration. Candidates who apply for public selection shall not apply for positions higher than their positions (ranks). Each applicant is limited to one position.

The selection organ conducts the preliminary qualification examination according to the online registration information and the Registration Recommendation Form. If the preliminary qualification examination fails, the applicants can change to other positions before the deadline for registration. Applicants should pay attention to the results of qualification examination in time, and improve the application materials or change their positions in time according to the results of qualification examination. Because the application materials submitted by the applicants for online registration are untrue, incomplete or incorrectly filled in the registration information, the applicants will bear the responsibility for failing the qualification examination. Applicants who maliciously register the registration information and disturb the registration order will be dealt with according to the relevant provisions on violation of discipline and discipline in the recruitment of civil servants.

Qualification examination runs through the whole process of open selection. If it is found that the applicants do not meet the qualification requirements in each link, the employer may cancel their qualification for registration or selection; If the applicant meets the qualification conditions at the time of registration, and the applicant has worked in the organ at the same level for less than 2 years, is on probation or has been promoted to a leadership position for less than 1 year due to changes in his work unit or position after registration, his selection procedure will be terminated and he will no longer be selected as a candidate.

(3) the proportion of the examination.

In principle, the ratio of the number of people who pass the registration qualification examination to the number of people in the selection plan is not less than 3: 1 before the examination can be started. The positions that fail to reach the proportion of examination should be reduced from the selection plan to the prescribed proportion of examination; Cancellation of positions that have not been registered or the selection plan has not reached the proportion of the examination.

(4) Print the admission ticket

Applicants who have passed the qualification examination can log in to the registration system from 9:00 on March 22nd to 9:00 on May 31st, 2022, and download and print the admission ticket (A4 specification) by themselves.

Fourth, the exam

The exam is divided into written test and interview, with a score of 100 points each. The total score of the exam is scored by weight according to the written test and interview results. For details, please refer to the Open Selection Position Schedule.

(1) Written examination

The written test is organized by Nanning. The written test mainly tests the examinee’s policy and theoretical level, the ability to analyze and solve practical problems, and the ability to express words.

1. Time and place of written examination

Time: March 27th, 2022 (Sunday) from 9: 00 to 12: 00.

Venue: Nanning (see the admission ticket for the specific address).

Applicants must hold their valid identity cards and admission tickets to take the written test.

2. Written test results query

In late April, 2022, applicants can log on to Guangxi Personnel Examination Network to check their scores.

(2) Interview

1. Determine the interview candidates

According to the order from high score to low score of the written test scores of applicants for the same position, the selection organ determines the candidates who enter the interview scope according to the proportion of interview candidates specified in the Open Selection Position Schedule. When the last applicant in the proportion has tied the written test scores, it is also determined as the interview candidates. If the number of qualified people in the written test does not reach the required interview ratio, the interview will be conducted according to the actual number.

2. Interview qualification examination

Before the announcement of the interview, each selection organ shall conduct an interview qualification examination on the interviewee. Those who have not conducted the interview qualification examination or failed the interview qualification examination shall not be determined as interview candidates. If the qualification examination is unqualified or the interview qualification is abandoned, the interview candidates will be replenished and the interview qualification examination will be conducted in turn according to the written test qualified scores of the applicants for the same position from high to low.

After the announcement of the interview, if the interviewer gives up the interview qualification, the position will not be filled by the interviewer, and the interview will be conducted according to the actual number of people.

The materials for the interview qualification examination are: my valid resident identity card, academic degree certificate, relevant qualification certificates required for applying for the position, and the original materials such as the recommended registration form issued by the cadre appointment and removal authority.

3. The interview announcement was released

The interview announcement was released on the "Greentown party flag Red" Party Building Information Platform (www.nndj.gov.cn) one week before the interview.

4. Interview time and place

The selection organ determines the interview method and content according to the job requirements, with a full score of 100 and 60 as qualified, and the interview results will be announced on the day of the interview. See the interview announcement for the interview time and place.

V. Investigation and physical examination

The inspection and physical examination shall be the responsibility of the selection organ. The order of inspection and physical examination shall be determined by the selection organ according to the actual situation.

(a) to determine the candidates for inspection

According to the total score of the examination, the selection organ determines the candidates from high score to low score. If the interview results are unqualified, they shall not be listed as candidates for investigation. The selection adopts the method of difference inspection, and the number of candidates for inspection and selection plan is generally determined according to 2:1.

(2) inspection organization and implementation

The inspection work is organized and implemented by the selection organ according to the regulations, and the qualifications, morality, ability, diligence, performance and honesty of the inspected objects, as well as their political and professional qualities and the suitability of the selected positions are comprehensively investigated. Highlight political standards, focus on the study of political theory, system execution, performance ability, work performance and public recognition, in-depth study of political loyalty, political determination, political responsibility, political ability, political self-discipline, etc., and strengthen professional quality inspection. Strictly control politics, conduct, ability, style and integrity, and resolutely put an end to those who are unqualified in political quality, moral conduct, integrity and ability. According to the needs of the work, the selection organ can also increase short-term training and follow-up study to conduct extended inspection. For details, please refer to the Open Selection Position Schedule.

(3) Physical examination

The selection organ shall, according to the needs of the position, conduct a physical examination of the applicants. The cost of physical examination shall be borne by the selection organ.

Six, determine the object and publicity

(A) to determine the object

According to the investigation and job requirements, the selection organs collectively study and select the best candidates according to the cadre management authority and the principle of suitability for people and posts, and do not just choose people.

(2) publicity

The selected objects will be publicized on the "Greentown party flag Red" party building information platform (www.nndj.gov.cn) and the portal website of the unit, and the publicity period will be 5 working days. After the expiration of the publicity period, if there is no problem or the problem does not affect the post, the selection shall go through the formalities according to the relevant provisions of the transfer; To reflect the serious problems and check the evidence, cancel the selection qualification, after the cancellation, there are still qualified candidates through investigation, and the selection organ can collectively study and determine whether to make up for it, and report it to the Organization Department of the Municipal Party Committee for approval.

VII. Relevant requirements

(1) Applicants who voluntarily give up the qualification for selection shall submit it within 3 working days after the interview, and those who give up the qualification afterwards shall be recorded in the integrity file; If the information in the Registration Recommendation Form is fraudulent, it shall be recorded in the integrity file.

(two) the public selection of civil servants shall not be transferred from the selection organ within 2 years, and shall be reported to the Organization Department of the Municipal Party Committee for examination and approval.

(three) in violation of the discipline of the selection work, it shall be dealt with severely in accordance with the relevant provisions; If a crime is constituted, criminal responsibility shall be investigated according to law.

(four) the organization and implementation of the selection work must strictly implement the epidemic prevention and control measures in accordance with the latest requirements for the normalization of epidemic prevention and control in COVID-19.

Telephone number of qualification examination unit: See the Public Selection Position Schedule for details.

Examination consultation telephone: 0771-12333 transfer to the district level.

　　　　　　　0771-5624161

Policy consultation telephone: 0771-5539133

Attachment:Nanning, Guangxi Zhuang Autonomous Region, 2022 Public Selection of Civil Servants Position Schedule. xlsx

Nanning administration of civil service

February 24, 2022

Director:

Screenwriter: Chris Fedak/Laurits Munch-Peterson/

Pedersen, Las Andreas

Starring:/Yahya Abdul-Maidin/

Type: Action/Crime

Release date: April 8, 2022

Special feature of 1905 film network This week’s excellent film "Ambulance on the run" is directed by michael bay, a series of film directors. The film is a collection of scenes that make adrenaline soar, such as explosion, collision and chase, and presents many shocking high-energy action scenes for the audience.

Michael bay’s Ultimate Artistic Pursuit

Michael bay, the director of the film Ambulance, is affectionately called "Explosion Shell" by fans because of the spectacular explosion scenes in his films.

In 1996, the film directed by michael bay showed the audience that an action film can also have the delicacy of an art film. Later, he filmed five films in the Transformers series over 10 years, in which the image of a flesh-and-blood autobot successfully captured the hearts of countless fans.

This week’s excellent film "The Ambulance" was adapted from the Danish film of the same name in 2005. However, michael bay, the director, has an extreme artistic pursuit of his own creation, and basically did not refer to the original film during the filming process. He hopes to continue to stick to his own style in the film and integrate his own personal label creation.

In fact, as early as 2001, in the film directed by director michael bay, he spent seven months preparing with the whole crew to restore the real historical scene, creating a Guinness World Record of 350 explosions in seven seconds.

And in the film Ambulance, he used the new technology for the first time — — The first angle of view was used to shoot through the machine, and Alex Vanoff, the world champion of the 19-year-old drone racing alliance, was boldly used to capture the unique angle and lens with more impact, which brought a unique visual feast to the audience.

reach out to each other

In addition to bringing personal labels into film creation, michael bay also completed a "two-way trip" with two leading actors, Jake Gyllenhaal and Yahya Abdul-Maidin.

Before participating in Ambulance, Jake Gyllenhaal always appeared in various films as the leading actor in literary films full of melancholy temperament.

In the 2004 movie, he was a qualified boyfriend who rescued the heroine alone.

In 2010, he was also a salesman who bravely pursued love in the film.

However, in the film Ambulance, Jake Gyllenhaal’s image has undergone a great reversal, and he plays the role of a vicious villain. Jake Gyllenhaal said that it was for michael bay that he was willing to subvert the image and appear in this film.

Compared with Jack Gyllenhaal, the actor Yahya Abdul-Maidin is much lower-key. In the movie, he is the villain David Hyde. In the movie "Matrix Restart", he is the new player of the classic character Memphis.

In addition, Jake Gyllenhaal also worked as a photographer in the film. Due to the small and crowded space in the ambulance, photographers can’t get on the bus to shoot. Therefore, Yahya said that if everyone saw a charming and mysterious him, it must have come from Jake Gyllenhaal.

Let’s walk into this week’s excellent film "Desperate Ambulance" to feel this thrilling desperate chase.

This program is live.

In this issue of CCTV-6 movie channel ""on Saturday, the actor will take you into the movie "Desperate Ambulance" as a recommender. In the Sunday film review edition, Tian Long, the film review host, invited director Lin Tao, film scholar Fan Xiaoqing and actor Wan Guopeng to interpret the highlights of this action film.

[Welcome to this program]

CCTV-6 movie channel "Good film has a date"

Saturday, July 15th

Saturday Promotion Edition 22:22

Ambulance at 22:31

Sunday, July 16th

Ambulance at 13:29

　Sunday Film Review Edition 15:41

　　Modern industrial system is an important part of modern economic system, and building a modern industrial system is an inevitable requirement for building a new development pattern and promoting high-quality development. General Secretary of the Supreme Leader attaches great importance to the construction of modern industrial system, and clearly requires "building a modern industrial system that is self-controllable, safe, reliable and competitive". The first meeting of the 20th Central Financial and Economic Committee put forward that "accelerating the construction of a modern industrial system supported by the real economy is related to our strategic initiative in future development and international competition" and "promoting industrial intelligence, greening and integration, and building a modern industrial system with integrity, advancement and safety". In the new era and new journey, we must profoundly study and understand the relevant important expositions of the Supreme Leader General Secretary, actively promote the construction of a modern industrial system, and comprehensively promote the great rejuvenation of the Chinese nation with Chinese modernization.

　　Modern industrial system is an industrial system composed of various modern industries including modern agriculture, modern industry and modern service industry, and it is a modern industrial system that meets the needs of Chinese modernization. To build a modern industrial system, we should not only follow the general law of modern industrial development, vigorously develop modern agriculture, modern industry and modern service industry, cultivate modern industrial chains and industrial clusters, and continuously promote industrial upgrading and structural optimization along the direction of intelligence, greening and integration, but also meet the essential requirements of Chinese modernization. To build a modern industrial system, we need to fully understand the basic characteristics that a modern industrial system should have, and promote effective construction practice on the basis of scientific understanding, which can be grasped from five aspects: integrity, advancement, security, coordination and inclusiveness.

　　integrity

　　The integrity of modern industrial system refers to the basic characteristics of complete categories of various industries, complete industrial chain, rich and complete product varieties and strong matching ability of parts. After the founding of New China, an independent and relatively complete industrial system and national economic system were established, which laid a material foundation for modernization. Since the reform and opening-up, China has spent decades completing the industrialization process that western developed countries have gone through for hundreds of years, creating a miracle of rapid economic development and long-term social stability, and forming the most complete and largest industrial system in the world. China has 41 industrial categories, 207 industrial categories and 666 industrial subcategories, making it the only country in the world with all the industrial categories in the United Nations industrial classification, and its manufacturing scale ranks first in the world for 13 consecutive years.

　　Large-scale industry, complete system and strong supporting capacity are conducive to the formation of economies of scale, agglomeration and scope, which is a great advantage of China’s industrial system and reflects the resilience and vitality of China’s economy. Building a modern industrial system with integrity is conducive to enhancing the security and initiative of development. At the same time, the modern industrial system with integrity is also an open system. To speed up the construction of a modern industrial system supported by the real economy, we must adhere to open cooperation and not build a car behind closed doors, which is not only in line with China’s basic national policy of opening to the outside world, but also an inevitable requirement for building an open industrial system. It is necessary to build a complete modern industrial system in the process of mutual promotion of domestic and international double circulation and high-level opening to the outside world. At present, around the construction of a modern industrial system with integrity, efforts should be made in the following aspects.

　　The first is to speed up the short board. Integrity is to maintain and enhance the advantages of complete industrial system and strong supporting ability. At present, there are still some shortcomings in some high-tech sub-industries, and there is still a gap between China and the international advanced industrial level in core basic parts and components, advanced basic technology and key basic materials. Some key links in the industrial chain supply chain are still subject to people. While consolidating traditional advantages, we should speed up the completion of these shortcomings and continuously improve the integrity of the industrial system.

　　Second, relying on the advantages of China’s super-large-scale market, we will deepen international cooperation in the industrial chain and supply chain. The low-cost comparative advantage of China’s labor force has gradually weakened, and some enterprises have begun to move to Southeast Asia and other regions, which has risks such as the relocation of industrial chain and the damage of supporting capacity of manufacturing industry. Enterprises should be encouraged to "go global", and at the same time, modern core factories should be built in China, leaving their core manufacturing capabilities at home.

　　The third is to further optimize the development environment of manufacturing industry, adhere to the real economy as the priority and build a modern industrial system supported by the real economy. Under the impact of digitalization and intellectualization, some traditional industries are facing great pressure of transformation and upgrading, and some places simply eliminate traditional industries as low-end industries through the "one size fits all" policy, which affects the completeness of China’s industrial system to some extent. While consolidating traditional advantageous fields, we should actively promote the transformation and upgrading of traditional industries through modern technological transformation, and we should not simply equate traditional industries with low-end industries and backward industries and ask them to withdraw.

　　Fourth, further improve the modern infrastructure, especially pay attention to the construction of industrial parks and industrial clusters. Constantly improve the development environment of industrial parks and industrial clusters, strengthen the technical and economic ties of various enterprises, improve the supporting capacity of industrial cooperation, and consolidate and strengthen the completeness of China’s industrial system.

　　advancement

　　The advanced nature of modern industrial system refers to the basic characteristics that the technical level of various industries in the industrial system is at the forefront, which requires the industry to adopt a large number of advanced technologies, processes, equipment and management methods, conforms to the new round of scientific and technological revolution and industrial transformation trend, and generally presents the characteristics of high-end, digital, intelligent and green modern emerging technologies. To build a modern industrial system, it is necessary to continuously improve the technological advancement of the industry and ensure that the industry maintains a leading position in technology and market. We must insist that science and technology are the primary productive forces, talents are the primary resources and innovation is the primary driving force, and that innovation is the core position in the overall situation of China’s modernization. Realize high-level scientific and technological self-reliance, become the world’s major scientific center and technological innovation highland, and let innovation take root in the soil of industrial development. Focus on building a number of new growth engines and constantly shaping new development momentum and new advantages. Accelerate the construction of manufacturing power, quality power, aerospace power, transportation power, network power and digital China.

　　Since the new era, China’s scientific and technological innovation capability and the technological advanced level of industrial system have been continuously improved, basic research and original innovation have been continuously strengthened, some key core technologies have been broken through, strategic emerging industries have been continuously developed and expanded, and great achievements have been made in manned spaceflight, lunar exploration, deep-sea exploration, supercomputers, satellite navigation, quantum information, nuclear power technology, large aircraft manufacturing, artificial intelligence and biomedicine, and they have entered the ranks of innovative countries.

　　We should also see that the advanced nature of China’s overall technical level needs to be improved. From the perspective of innovation investment, although R&D investment has increased substantially in recent years, compared with developed countries, China’s cumulative R&D investment scale is still insufficient, among which basic research investment accounts for a relatively low proportion. From the perspective of R&D output, there is still a big gap in the number of patents, the coverage of technical direction and the balance in the field. Some key core technologies are subject to people and have a high degree of external dependence. On the whole, China’s original innovation ability and underlying technology development ability are still lacking, and some enterprises are in the formation stage of imitation innovation and forward design ability. Compared with the requirements of new industrialization, there is still a certain gap between the quality and efficiency of China’s manufacturing industry and the world’s manufacturing powers, and the innovation efficiency still needs to be improved. We should vigorously promote the optimization and upgrading of manufacturing industry, and constantly promote the upgrading of industrial base and the modernization of industrial chain. At present, around the construction of advanced modern industrial system, efforts should be made from the following aspects.

　　The first is to deepen the reform of the scientific research system. Constantly increase the investment in R&D funds in China, strengthen the dominant position of enterprises in scientific and technological innovation, vigorously promote entrepreneurship, comprehensively enhance the innovation ability of enterprises, cultivate more world-class enterprises with excellent products, outstanding brands, leading innovation and modern governance, and continuously expand the group of specialized and innovative enterprises. Give full play to the advantages of the new national system, strengthen basic research, increase investment in basic research, strengthen the supply of high-level independent technical elements, promote the deep integration of innovation chain’s industrial chain capital chain talent chain, strengthen demand and scene traction, build a number of national manufacturing innovation centers and pilot and application verification platforms with high quality, and build an open, collaborative and efficient common technology research and development platform. Enhance the innovation ability of key core technologies, promote key core technology research projects in the fields of new generation information technology, biotechnology, new energy and new materials, break through key common technologies and cutting-edge leading technologies, and plan brain-like intelligence, quantum information, genetic technology, future network, deep-sea aerospace development, hydrogen energy and energy storage in a forward-looking way.

　　The second is to actively explore effective investment mechanisms. Appropriately increase investment in new infrastructure construction such as information infrastructure, integration infrastructure and innovation infrastructure, especially promote the construction of major scientific and technological infrastructure, science and education infrastructure and industrial technology innovation infrastructure, and build a major scientific and technological infrastructure system with complete layout, advanced technology, efficient operation and strong support as soon as possible.

　　The third is to establish and improve the evaluation system of industrial basic capacity. Accelerate the implementation of industrial base reengineering projects for core basic components and components, advanced basic technologies and key basic materials. Focusing on the fields of large aircraft, aero-engines, gas turbines, electric energy equipment, marine and offshore equipment, industrial machinery, high-end medical equipment and modern agricultural machinery equipment, we will actively promote key technical equipment research projects and strive to break through a number of innovative and iconic equipment in key areas.

　　Fourth, vigorously develop digital technology and digital economy. Empower the transformation and upgrading of traditional industries through digital technology, take intelligent manufacturing as the main direction, and promote industrial digitalization. Through digital technology, new industries, new formats and new models will be born, and the healthy development of platform economy and sharing economy will be promoted, and digital industrialization will be promoted. In-depth implementation of intelligent manufacturing projects and special actions for digital empowerment of small and medium-sized enterprises, promoting the innovative application of artificial intelligence, accelerating the large-scale application of industrial Internet, improving network security capabilities, and building a number of internationally competitive digital industrial clusters.

　　The fifth is to accelerate the green transformation of development mode. Taking promoting carbon neutrality in peak carbon dioxide emissions as the starting point, we will build a resource-saving and environment-friendly green industrialization system. Build a green manufacturing system and service system, and increase the proportion of green and low-carbon industries in the total economic output. We will make great efforts to promote the optimization and upgrading of traditional industries such as steel, nonferrous metals, petrochemicals, chemicals and building materials, and accelerate the innovation and digital transformation of low-carbon processes in the industrial field. Cooperate to promote carbon reduction, pollution reduction, greening and growth, and promote ecological priority, economical and intensive, green and low-carbon development. Pay close attention to tackling key problems of green and low-carbon technologies, develop green and low-carbon industries, and build a modern green and low-carbon energy system with new energy as the main body and a modern industrial system with green manufacturing as the main body with the energy revolution and green manufacturing as the breakthrough.

　　security

　　The security of modern industrial system is the basic characteristic of ensuring the independent control, safety and reliability of industrial system under the premise of coordinating industrial development and industrial safety, coordinating open development and economic security. To build a safe modern industrial system, we should strengthen our sense of hardship, adhere to the bottom line thinking, and achieve the goal of "controllability" and "industrial safety" through "autonomy". From the perspective of industrial chain, the independent control of industrial system means that it has strong control over the key links of industrial chain supply chain, and has control and influence over all links, subjects and elements in the chain to ensure the smooth operation of industrial chain supply chain and ensure basic security in special periods. This involves not only the supply of physical assets such as raw materials, spare parts, production equipment and mechanical equipment, but also the supply of intangible assets such as technology, software and intellectual property rights.

　　In the past few decades, the global layout of the industrial chain has been based on the basic logic of improving efficiency and reducing costs, looking for the best production plan all over the world. At present, the world’s great changes in the past century have accelerated its evolution, a new round of scientific and technological revolution and industrial transformation has developed in depth, international forces have been profoundly adjusted, anti-globalization trends have risen, unilateralism and protectionism have risen markedly, world economic recovery has been weak, local conflicts have continued to ferment, global problems have intensified, and the world has entered a new period of turmoil and change. In the future, the supply chain pattern of global manufacturing industry and industrial chain will be adjusted and reshaped in the direction of regionalization, localization and digitalization. The rising industrial safety risk has become an important issue, and all countries have begun to seek to establish an independent, safe and controllable industrial system.

　　In this context, China is faced with the great challenge of how to ensure industrial safety and enhance the initiative of development. Building a modern industrial system requires coordinating development and safety, and actively exploring effective ways to effectively improve the national industrial safety level and improve the toughness of the industrial chain supply chain under the open economic system.

　　On the one hand, it is necessary to promote high-level opening to the outside world and steadily expand institutional opening such as rules, regulations, management and standards. Benchmark the international high-standard economic and trade rules such as the Comprehensive and Progressive Trans-Pacific Partnership Agreement and the Digital Economy Partnership Agreement, oppose protectionism, adhere to the combination of "going out" and "bringing in", and form a strong attraction to global factor resources, a strong competitiveness in fierce international competition and a strong driving force in global resource allocation through domestic circulation, and cultivate more world-class enterprises with outstanding products, outstanding brands, leading innovation and modern governance.

　　On the other hand, we must adhere to the bottom line thinking and extreme thinking, identify the weak links of key core technologies and parts, and carry out in-depth industrial base reconstruction projects and major technical equipment research projects. Efforts will be made to tackle key core technologies in the fields of next-generation information technology, biotechnology and artificial intelligence, to achieve the first breakthrough in core technologies such as high-end chips, operating systems, new materials and major equipment, to comprehensively upgrade the industrial base and modernize the industrial chain, and to effectively promote strong chain reinforcement and chain stabilization. Actively carry out industrial competitiveness survey and industrial safety assessment in key areas, improve the industrial safety management system, especially establish an industrial chain supply chain safety management system with clear rights and responsibilities and close cooperation among multiple departments. Strengthen the guidance and coordination of industrial safety policies on the formulation and implementation of economic policies such as China’s manufacturing development planning, major science and technology projects, and anti-monopoly.

　　harmony

　　The industrial system itself is a complex economic system. This system is composed of technology, capital, labor, natural resources and other elements, and under the interaction of spatial combination and time connection, it develops into an ecological system with complex structure. The coordination of modern industrial system refers to the operating state characteristics of industrial system in the process of industrial structure evolution, such as organic combination of various production factors, high cooperation of various enterprises, effective cooperation among industries, orderly transfer of all links in industrial chain, and rational regional layout. To build a modern industrial system, we must build an institutional mechanism of efficient allocation of factors and organic coordination of industries, and then promote a high degree of collaborative coupling among industrial categories, regions, upstream and downstream links, large and medium-sized enterprises, and capital, technology and labor, so as to realize the coordinated development of the real economy, scientific and technological innovation, modern finance and human resources, and make the industrial structure show a trend of advanced and rational evolution.

　　Improving the coordination of industrial system is an important means to solve the imbalance between regional and industrial development, and it is also an important content to build a new development pattern. Without a coordinated industrial system, all links of production, distribution, circulation and consumption cannot be connected in an orderly manner, supply and demand cannot be efficiently and dynamically balanced, the domestic grand cycle cannot be unimpeded, and the domestic and international double cycles cannot effectively promote each other. Since the new era, China has promoted the simultaneous development of new industrialization, informationization, urbanization and agricultural modernization, which shows that China’s industrial structure is constantly developing to an advanced and rational level, no matter from the relationship between the output value of the three industries and the proportion of employment, the upgrading and transformation of traditional industries and the rapid development of strategic emerging industries, or from the perspective of regional coordinated development and enterprise growth process.

　　What needs to be seen is that there are still some problems in the coordination of China’s industrial system: the market-oriented docking and integration mechanism and service system of innovation chain and the industrial chain are still not perfect, and the elements and achievements of scientific and technological innovation can not serve the development of the real economy well; The supporting role of the real economy in the modern industrial system is not strong enough. The development of the real economy industry and the virtual economy industry is unbalanced, and there is a trend that the economy is "divorced from reality". The financial industry is not strong enough to serve the real economy, and there are blocking points and silting points in the capital circulation between the financial industry and the real economy industry. The construction of a unified domestic market needs to be promoted, and the problems of high trade cost and high factor flow cost are obvious. The pattern of industrial division of labor based on the functional orientation and comparative advantages of regional subjects needs to be improved, and the gap between urban and rural regional economic development is still significant. The level of industrial integration needs to be improved, the deep integration of digital technology and real economy is not enough, and the integration of modern service industry with advanced manufacturing industry and modern agriculture needs to be deepened. In order to solve these problems, it is necessary to promote the coordinated development of real economy, scientific and technological innovation, modern finance and human resources, promote the virtuous circle of science and technology, industry and finance, and improve the coordination of modern industrial system.

　　First, deepen the reform of science and technology and industrial innovation system, and constantly strengthen and improve the construction of science and technology innovation system. Innovate the transformation mechanism of scientific and technological achievements, form a complete innovation system from basic research to applied research, strive to repair the chain between technology research and industrialization, and improve the transformation rate of scientific and technological achievements.

　　The second is to deepen the reform of the education system and attach importance to cultivating knowledge-based, skilled and innovative industrial workers. Intensify efforts to cultivate compound talents in the fields of STEM (science, technology, engineering and mathematics) and form an institutional mechanism for the real economy to attract these high-quality talents.

　　The third is to focus on the real economy and accelerate the construction of a modern industrial system supported by the real economy. Deepen the structural reform of the financial supply side, improve the financial support innovation system, smooth the cycle of finance and the real economy, improve the institutional arrangement of medium and long-term capital supply in the real economy, innovate financial products and services that go directly to the real economy, and enhance the financing function of multi-level capital markets.

　　The fourth is to promote the deep integration of digital technology and the real economy, cultivate and expand emerging digital industries such as artificial intelligence, big data, blockchain, cloud computing and network security, and build a number of advanced manufacturing clusters with international competitiveness. Further grasp the direction of digitalization, networking and intelligence, use digital technology to carry out all-round, multi-angle and full-chain transformation of manufacturing, service and agriculture, vigorously explore the scene of digital transformation, and constantly cultivate and develop new industries, new formats and new models.

　　Fifth, vigorously promote the effective coordination of future industries, strategic emerging industries, pillar industries and traditional industries, and vigorously develop modern service industries. Promote the producer service industry to extend to specialization and high-end value chain, and strive to promote the deep integration of modern service industry with advanced manufacturing industry and modern agriculture.

　　Sixth, accelerate the construction of a unified domestic market and promote the effective flow and allocation of various industrial factors. Optimize the layout of major productive forces based on the orientation of main functional areas, promote regional coordinated development, and constantly improve the functions and layout of high-tech parks and industrial parks.

　　inclusiveness

　　The inclusiveness of modern industrial system means that the achievements of modern industrial development within the industrial system benefit all the people more fairly.

　　Technological innovation not only promotes industrial modernization, economic growth and the improvement of per capita income level, but also affects the income distribution pattern. Since 1980s, with the development of digitalization and economic globalization, the income gap in most developed countries has been widening year by year. The development of digital economy abroad has shown that the wide application of digital technology will bring impact on employment and income distribution: star enterprises occupy most of profits, data and market share; The share of labor income relative to capital factors continues to decline; The substitution of digital technology for operational skilled workers leads to the polarization trend of income distribution. In the construction of China’s modern industrial system, we should vigorously promote digital industrialization and industrial digitalization. Promote the upgrading of industrial base and the modernization of industrial chain, and promote industrial intelligence, greening and integration. Guide scientific and technological personnel to carry out responsible research and innovation and promote shared development. Specifically, we should more actively eliminate the digital divide between urban and rural areas and between different social groups, more actively promote the application of digital technology in different industries, different regions and different groups, establish a vocational skills training model suitable for new employment forms, improve the digital skills of workers, and make the digital economy dividend better benefit the public. At the same time, we must constantly improve the distribution system, adhere to the principle of distribution according to work and coexistence of various distribution methods, build a coordinated system of primary distribution, redistribution and third distribution, improve the inclusiveness of the modern industrial system through the improvement of the distribution system, and realize the modernization of common prosperity for all people.

　　(This article Source: Economic Daily Author: Huang Qunhui Ni Hongfu Author is a special researcher at the New Era Socialism with Chinese characteristics Thought Research Center, the supreme leader of China Academy of Social Sciences)

In today’s entertainment circle, traffic is the key to attracting attention, while the world is the necessary skill for survival. Rulu, as a famous actress in China, writes her own legend in this complicated vanity fair with her eclectic and straightforward personality. Although her acting skills are remarkable in the eyes of the audience, she has frequently become the focus of media discussion because of the phenomenon of "fire can’t get up". In the context of the rise of many traffic stars, why does Rulu not follow the trend and choose to stick to itself?

Early experience and growth period

Rulu was born in Xinjiang in 1987, an ordinary and warm family. From an early age, she showed her love for performance and began to learn dance when she was only six years old. Her parents don’t have much artistic background, but they are very supportive of her dreams and often accompany her to participate in various literary activities. After unremitting efforts, Rulu was admitted to the Central Academy of Drama in 2006 and became a student of this top art school, and her acting career began.

At school, Rulu played many small roles, which were affirmed by the teacher every time. She was not complacent because of her early achievements, but continued to work hard and actively participated in various extracurricular activities to improve her performance skills and artistic accomplishment. In 2009, Jiang Xin made her debut in the TV series "The Seven Fairies with Joy". Although she was a supporting role, her acting left a deep impression on the audience. This role helped her gain initial popularity in the circle and laid the foundation for her future development.

Career ups and downs

Rulu’s career was not smooth sailing. After entering the entertainment circle, she chose a lot of different types of roles in order to break through herself. However, the competition in the entertainment circle is fierce, and many young actors quickly become popular because of the temporary heat, but Rulu has always maintained his own pace. Her participation in Empresses in the Palace made her more famous. As the role of Hua Fei, she was impressive because of her strong personality and complex psychology. However, with it, there are also higher expectations and pressures.

During this period, Rulu gradually realized that acting alone was not enough to stand on its feet in this era. In order to cater to the market, she also tried to step into the tide of traffic stars and participate in the recording of variety shows. However, her personality doomed her to be difficult to cater to the audience like other artists. In an interview, she said frankly: "I have always longed for truth. I am not the kind of person who can cater to the public casually. I just want to be myself. " Although this persistence made her unable to catch fire quickly, it also won the recognition and support of many like-minded people.

Facing the Controversy: Preserving the True Self

Rulu’s outspokenness made her controversial on some occasions. For example, on one occasion, she expressed her dissatisfaction with a development in Jimmy Lin on social media, which aroused the resentment of some netizens, who thought that Rulu lacked respect for his predecessors. However, Rulu’s supporters believe that this is part of her personality: straightforward and unpretentious. When she cooperated with Chen Jianbin, she had fierce words and even "anger", which caused a lot of discussion among people in the industry.

This "honest and frank" style is particularly noticeable in the complicated entertainment circle of the world. Many people think that it is Rulu’s unwillingness to cater to such complicated rules of the game that makes her miss many opportunities. Many actors are weighing their words and deeds for resources, but Rulu always chooses sincerity. At the same time, this persistence has also caused her to be isolated to some extent.

The balance between acting and popularity

The straightforward style not only reflects Rulu’s personality, but also reflects her understanding of the nature of actors. In an era of increasing attention to flow and exposure, Rulu conveys the most authentic feelings to the audience with his role of insight into people’s hearts. Her role is always full of power and can resonate with the public. Although her performance on social media is not as active as that of popular niche, her wonderful interpretation in the play made the audience remember her and brought her word of mouth and evaluation.

Recently, several TV dramas that Rulu participated in still got good ratings, and her acting skills also won high praise from experts in the industry. Therefore, although her popularity and popularity are not the same as those of traffic stars, it cannot hide her strength. Perhaps, she used her real works to tell everyone that the value of an actor is far more important than the flow. On the other hand, she shows us the power to stick to ourselves and how to keep a sober self in vanity fair.

Summary and enlightenment

Rulu’s story profoundly reflects the complex relationship and survival law in the contemporary entertainment circle. In this rapidly changing era, faced with the pressure of traffic supremacy, she insists on truth in her own way and refuses to cater to it. This persistence sometimes makes her encounter difficulties and resistance, and she must find her own position in every choice. Although her "fire can’t get up" is heartbreaking, this is the path she chose to take.

This attitude of insisting on self and pursuing truth not only inspires the practitioners in the entertainment circle, but also provides reflection and reference for ordinary people. In the face of the world, how to keep true self in complicated relationships and keep firm belief in one’s choice may be the challenge that everyone needs to face in society. Whether in career or life, the attitude of bravely pursuing the true self will make everyone more tenacious and calm. As Jiang Xin shows, even if the road is rugged, as long as there is light in your heart, you will definitely find your own starry sky.

Editor in charge:

"Three-color awning, how to spell it?" and "Three-color awning protects you from the wind and rain", these topics have quickly triggered extensive discussions recently. Three-color poncho has also become the most popular color at present, and our fans have mentioned it many times in the comment area. As the fuse of the incident, behind the tri-color canopy is actually a rights protection incident caused by water leakage of Mercedes-Benz owners in Maibakh. Although the incident itself is unfortunate, it urges us to rethink how to better serve car owners.

As a brand with a history of one hundred years, Mercedes-Benz originated in Stuttgart, Germany, and is famous for its excellent technology and design. It can also be said that it is the ancestor of the automobile industry. In any case, this kind of emergency is obviously what we don’t want to see.

However, for us in the automobile industry, the incident itself should not be the focus, but we should pay attention to how to avoid similar problems from happening again.

LUMMA G780 Gluck, which is customized and upgraded based on 450, was just launched in September this year. While continuing the elegant design of Mercedes-Benz, it incorporates more personalized customization elements. We pay attention to the needs of every car owner, providing high-grade NAPPA leather seats, unique interior decoration and top-level sound system, so that every trip is full of luxury and comfort. Through stricter quality control and better after-sales service, every car owner can enjoy the luxury driving experience with peace of mind.

This incident reminds us that it is very important to maintain communication and trust, whether it is the brand or the car owner. LUMMA promises to always listen to the voice of customers. Whether it is pre-sales consultation or after-sales service, we will make the most comprehensive preparations to ensure that the rights and interests of all car owners can be fully guaranteed.

Choosing LUMMA is not only a choice of a car, but also a noble lifestyle. Let’s focus on the future, work together to avoid similar incidents and create a safe and pleasant driving environment for every car owner.