Welcome to the Autohome Nanning promotion channel, bringing you the latest and most comprehensive car information. At this moment, the high-profile luxury SUV is launching a striking promotion in the Nanning market. According to our understanding, the Cadillac XT5 is currently in the midst of a price reduction boom, with the highest discount reaching an astonishing 130,000 yuan, bringing consumers a real car purchase benefit. The minimum starting price has been adjusted to 242,700 yuan, which undoubtedly provides a very competitive car purchase option for car buyers who love the Cadillac brand and XT5 models. If you are interested in this offer, don’t miss it. Click "Check the car price" in the quotation form now, and let us explore more discounts together to help you realize your dream of a luxury car.

The Cadillac XT5 creates an eye-catching appearance with its unique design concept and exquisite craftsmanship. The front face design is full of power, the large-scale shield-shaped air intake grille highlights the luxury and style of the Cadillac brand, and the use of chrome decorative strips adds visual impact. The body lines are smooth, and the overall style blends sport and elegance, revealing the extraordinary temperament of a luxury SUV. Whether it is the details or the overall layout, it reflects the pursuit of quality and design of the XT5.

The Cadillac XT5 shows the charm of streamlined design with its elegant side profile. The body length reaches 4813mm, the width is 1903mm, the height is 1682mm, and the wheelbase reaches 2857mm, providing passengers with a spacious interior space. The front and rear wheelbases are 1645mm, ensuring the stability and handling of the vehicle. In terms of tire specifications, it is equipped with 235/65 R18 tires, which are perfectly integrated with the lines of the body. With the delicate wheel design, it not only enhances the dynamic appearance, but also provides good grip for driving.

The interior design of the Cadillac XT5 highlights the sense of luxury and technology. In the cockpit, the steering wheel is made of leather, which not only feels delicate, but also supports manual up and down + front and rear adjustment to adapt to the needs of different drivers. The 8-inch central control screen is clear and easy to use, with integrated multimedia system, navigation and phone functions, as well as automatic speech recognition control, which is convenient for drivers to operate easily during driving. The seat part is made of imitation leather and leather materials to provide comfortable support. The main and passenger seats are equipped with multi-directional adjustment of front and rear, backrest, height and waist support. The front seats are also equipped with heating function, and the driver’s seat is also equipped with power seat memory. In addition, the rear seats support front and rear adjustment and proportional reclining, providing passengers with flexible riding space.

The Cadillac XT5 is powered by a powerful 2.0T turbocharged engine with a maximum power of 174 kilowatts and a torque output of 350 Nm. This engine can provide 237 horsepower, and with a 9-speed automatic transmission, it ensures efficient performance and smooth handling of the vehicle during driving.

Overall, the Cadillac XT5 has won high praise from Autohome owners for its atmospheric and stable exterior design and good driving experience. Whether in terms of visual enjoyment or actual driving experience, the XT5 fully demonstrates its perfect combination of luxury and performance, providing drivers with an unparalleled respectful experience.

Welcome to Autohome Guangzhou Promotion Channel, we bring you exciting news: a high-profile promotion is underway in the Guangzhou market. At present, the maximum discount for this luxury performance SUV is as high as 130,000 yuan, making its minimum selling price adjusted to an attractive 972,800 yuan. If you are interested in this powerful and luxurious AMG model, now is the time to seize the opportunity. Click "Chatti Car Price" in the quote form below to get the latest market offer details and get even higher car purchase discounts.

The Mercedes-Benz GLE AMG interprets luxury performance in its unique design language, and the front face shows a combination of power and elegance. The iconic air intake grille is in the exclusive style of AMG, with a large number of silver trims and black grids, which not only enhances the visual impact, but also provides excellent aerodynamic performance. The overall body line is smooth and full of muscle, showing AMG’s persistent pursuit of dynamic driving experience. In addition, the carefully carved wheel hubs match the body proportions perfectly, strengthening the vehicle’s sporty temperament.

With its unique design and dynamic side lines, the Mercedes-Benz GLE AMG creates a perfect combination of luxury and power. The body size is spacious, with a length of 4937mm, a width of 2015mm, a height of 1782mm, and a wheelbase of 2995mm, giving it a solid body ratio. The side lines are smooth and full of tension, reflecting the sporty essence of the AMG brand. The tire specifications are 275/45 R21 for the front wheel and 315/40 R21 for the rear wheel, which not only enhances the driving stability, but also highlights its high-performance side. Overall, the side design of the Mercedes-Benz GLE AMG is not only practical, but also full of visual impact.

The interior design of the Mercedes-Benz GLE AMG adheres to the AMG brand’s consistent concept of luxury and performance. Exquisite leather is combined with carbon fiber/flip fur materials to create a strong driver atmosphere. The 12.3-inch high definition central control screen stands on the dashboard, which is full of technology. It integrates various functions such as multimedia system, navigation and phone, making it convenient and intelligent. The steering wheel is wrapped in leather, which not only feels comfortable to hold, but also is equipped with electric up and down + front and rear adjustment functions to ensure the best control experience for the driver. The car is also equipped with USB and Type-C interfaces, which are convenient for passengers to charge their electronic devices. The seats, whether in the driver’s seat or the passenger’s seat, are made of high-grade leather, with a mix of leather/fur materials to provide excellent comfort and support. The seats are rich in functions, including front and rear adjustment, backrest adjustment, high and low adjustment and waist support, and have heating, ventilation and electric memory functions to ensure the comfort of long-distance driving. The second row of seats also supports front and rear adjustment and backrest adjustment, resulting in reasonable space utilization. As for practicality, the rear seats can be reclined proportionally, providing a flexible space solution for loading needs.

The Mercedes-Benz GLE AMG is equipped with a powerful 3.0T turbocharged engine capable of delivering up to 435 horsepower and a maximum torque of 560 N. m. This high-performance engine is perfectly matched with a 9-speed automatic transmission, ensuring that the vehicle can provide rapid and accurate response in various driving scenarios. Whether it is acceleration or power output, the Mercedes-Benz GLE AMG shows the essence of the AMG brand.

Summary: In this promotion, Mercedes-Benz GLE AMG has been widely recognized by consumers for its excellent performance, luxurious interior and unique sporty sense. Now, in order to give back the support of our fans, Mercedes-Benz GLE AMG has launched an unprecedented offer, allowing you to have this legendary model at a lower price. The opportunity is rare and not to be missed! Take the time to experience it in person at the dealership and make Mercedes-Benz GLE AMG a new choice for you to harness your passion and luxury. Let’s join hands and start a new driving journey!

Changan Automobile’s new medium and large SUV Qiyuan E07 officially opened for pre-sale, with a pre-sale price of 24.99-31 9,900 yuan. This car adopts the SDA architecture and is the first "digital intelligence new car" built by Changan based on this architecture. It provides range extension and pure electric power options.

In terms of appearance, the Qiyuan E07 adopts a closed air intake grille and wheel hub, and the roof line continues to drop at the rear in a fully enclosed state, which is quite coupe SUV style. The center console in the car integrates almost all functions into the central control screen, and there is a folding screen on the top of the passenger’s head, which can be opened or closed at any time as needed.

In terms of smart driving, 11 cameras, 5 millimeter-wave radars, 12 ultrasonic radars and 2 lidars are standard on the vehicle. In addition, Qiyuan E07 is also equipped with intelligent driving assistance systems such as lane keeping assistance, parallel assistance, lane centering, automatic parking, valet parking and high-speed navigation.

In terms of power, the pure electric version includes two- and four-wheel drive models, with motor power of 165kW and 252kW respectively, and a maximum speed of 201km/h. The extended range version will have two versions of single and dual motors, equipped with a 1.5T engine as a range extender, with a maximum power of 131/231kW for the front and rear motors, which can provide 200 kilometers and 180 kilometers of battery life.

Although the body is highly recognizable and futuristic, it is not very friendly for traditional users to cancel the physical instrument screen and integrate it into the central control screen. But for the rapidly developing domestic new energy vehicle market, such a design still has positive significance.

1905 movie network news Zhao Liying starred in the ancient social family drama "Do you know if you should be green, fat, red and thin" is on the air. Sheng Minglan, played by Zhao Liying, has retreated from forbearance to revenge for her mother. The plot has a climax, Zhao Liying’s emotions have exploded, and it has also set off a wave of discussion on the Internet.

In the play, after Sheng Minglan finds out the truth about her mother’s death, she is calm on the surface and has already started to play a big game of chess. Minglan first tests her father (played by Liu Jun), and then angers Mo Lan (played by Shi Shi) to make her mistake punished, and then she is jealous and has to take risks. She frequently hooks up with Liang Liulang (played by Wu Hong), and then designs to use Wang Dainiangzi (played by Liu Lin) to break through the scandal, and it is reasonable to sit on the truth. Mother and daughter are one, Mo Lan brewed a monstrous disaster, and Lin Xiaongnang (played by Gao Lu) is also to blame. Minglan’s transparent and exquisite heart carries the audience step by step, attacking Lin Xiaongnang Mo Lan’s scourge mother and daughter.

After Sheng’s father hit Lin Xiaongnang on the board, Ming Lan walked back to the room with a calm expression on her face that slowly stretched out. There was an imperceptible smile, and her eyes seemed to be flashing with relief. This kind of emotion from the inside out was difficult to control, but Zhao Liying held on. After learning of Lin Xiaongnang’s death, Ming Lan took the initiative to admit her mistake to her grandmother and analyze the whole process of revenge. Ming Lan, who had always been a little obedient and obedient, mentioned that the revenge for killing her mother finally broke out, "Even if my granddaughter dies, she has to climb out of the grave and take revenge." Her eyes were firm, and the lethality in it was full of deterrence. After being slapped by her grandmother, Minglan’s eyes were full of tears and aggrieved, and netizens couldn’t help but praise, "What kind of immortal acting is Zhao Liying, I cried when I saw it", "Contracting Yingbao looks domineering and aggrieved".

In the following plot, Minglan enters the palace to give food to her father and brother. Unexpectedly, what will she choose when she encounters the usurpation of the throne? What will be the emotional development of Minglan and Gu Tingye’s "uncle and nephew CP"? It is reported that this week is about to usher in the wedding of Minglan and Gu Tingye, so stay tuned.

　　Beijing, May 15 (Reporter Li Xingjian) According to the Voice of China’s "News Evening Peak" report, for word-of-mouth maintenance, food safety, etc., many takeaway delivery platforms have declared that "riders should apply for a health certificate". However, the reporter’s investigation found that it is easy to search for a link to apply for a fake health certificate on the Internet. For only 30 yuan, you can get a fake health certificate completed by a P picture. "The store" also promises to "pass the package review". Many takeaway delivery platforms are also "open" to the review of riders’ health certificates, and even takeaway sites help riders open a so-called "green channel" for health certificate application, which can be completed quickly without a physical examination.

　　Xiao Zhang, who was a rider on a takeaway delivery platform in Nanjing, Jiangsu, told reporters that according to regulations, the health certificate should be handled by the CDC in each district, but at their rider station, as long as they hand over 20 yuan to the stationmaster, in less than half an hour, the health certificate can be completed and approved by the takeaway platform.

　　"The reason I don’t do it is that 70% to 80% of riders have fake health certificates. If you want to do it, you will pay 20 yuan to the webmaster, and then you will get the fake health certificate." Xiao Zhang said.

　　Xiao Zhang and others said that due to the intense competition among various platforms and the greater mobility of riders, there is a shortage of personnel at various distribution points, and some distribution points falsify health certificates for convenience.

　　The reporter searched for the name of the group "health certificate" on QQ, and the list immediately popped up multiple ways to apply for the health certificate. After the reporter randomly joined two of the group chats, an administrator soon chatted privately and asked, saying that there is no need for a physical examination, only need to provide information such as name, age, avatar photo, and the city where the running order is located. The health certificate can be applied for in all cities across the country, 30 yuan each, and promises to "pass the platform review".

　　Less than half an hour later, the reporter received the completed "health certificate", which looks almost real from the appearance. The first column of the certificate reads the employee’s preventive health inspection certificate, and the category of the employee is marked with food hygiene, which is valid for one year. It is stamped by the center for disease prevention and control of the reporter’s registered city, and the health certificate number and barcode. The staff member said that many of the health certificates used to run takeout are completed by P pictures.

　　According to media reports, although many disease control departments across the country have provided online inspection of health certificate number network services, but a number of takeaway platform personnel confirmed that the actual operation is still mainly manual review, due to the large number of people and other reasons, the verification effect still needs to be improved.

　　Reporters consulted the local 12320 public health service hotline on issues such as how to report false health certificates, and staff told reporters that they could consult industry and commerce, market supervision or health departments.

　　The reporter then dialed the Nanjing Administration for Industry and Commerce, and the staff said that questions related to the health certificate should be asked by the health bureau.

　　The local disease control department said that it is only responsible for handling health certificates, and the CDC has no law enforcement powers and is not responsible for complaints and reports of fake health certificates.

　　In recent years, Hubei, Inner Mongolia, Guangdong and other places have successively issued food safety supervision and management measures for online catering services, which clearly stipulates that operators, third-party platform providers and third-party logistics service providers engaged in online ordering services should strengthen the training and management of food delivery personnel, and require food delivery personnel to obtain health certificates according to law when they are on duty. However, the national regulatory documents do not put hard requirements on the health certificates of takeaway personnel. The "Measures for the Supervision and Administration of Food Safety in Online Catering Services" that came into effect on January 1, 2018 mentioned that "food delivery personnel should maintain personal hygiene" and "food Security Training and management of food delivery personnel should be strengthened."

　　The relevant person in charge of the Guizhou Provincial Center for Disease Control said that in addition to the problem of false health certificates being difficult to investigate and deal with, there are still problems such as "people and certificates are difficult to verify" in some areas where the health certificate has not been informatized. The person in charge said: "In our provincial CDC to apply for a health certificate, real-time capture and real-time physical examination, after the physical examination, the photo can be matched to apply for a health certificate, and take the road of informatization. Is the person going to the medical examination himself? If you don’t take the road of informatization, there may be loopholes."

　　Zhu Yi, an associate professor at the School of Food Science and Nutrition Engineering at China Agricultural University, said that health certificates that can pass the platform inspection can be called "real and fake health certificates", which brings difficulties to supervision and great hidden dangers to food safety, making the original "safety gate" of food safety into an "empty shelf". Building a fence for food safety requires the joint efforts of distribution platforms and regulatory authorities, and the full use of information technology to make the health certificate information transparent. "The market supervision department not only needs to supervise whether riders are certified to work, but also should conduct on-site inspections and spot checks. At the same time, when it comes to food hygiene, the platform cannot be mercenary."

　　Geely Galaxy completed its first 225 stores and plans to open 700 by the end of the year

　　After going public, Geely Galaxy’s exclusive new retail system was unveiled.

　　On June 5, Geely Galaxy announced the official opening of its first batch of 225 stores. It is reported that Geely Galaxy adopts a new channel ecosystem of compound franchise authorization, and the first batch of stores are mainly set up in cities with a capacity of Top150 in China’s new energy market. In terms of agency distribution system, Geely Galaxy and partners have jointly built user centers (4S stores), experience centers (city exhibition halls), display spaces (supermarket stores), and fully empowered dealers in talent management, service standards, and digital operations to create a more transparent car purchase environment and a more efficient and convenient car purchase experience for users.

　　At the same time, Geely Galaxy will set up a number of brand centers in first- and second-tier cities. These brand centers located in the city CBD will provide users with a comprehensive understanding of Geely Galaxy and provide a display platform. They are also a demonstration center for Geely Galaxy’s user experience and service standards, a talent training center, and a multi-activity center for users. Play a role as a model and a benchmark, and continue to empower other channel networks at all levels.

　　According to the plan, Geely Galaxy will continue to expand its channels, and it is expected to achieve a channel scale of 650-700 exclusive stores nationwide this year.

　　At present, the first model of Geely Galaxy series – Geely Galaxy L7 has been fully launched in major exclusive stores across the country, achieving "delivery on the market". In addition to the Galaxy L7, this year Geely Galaxy series will also launch new models including intelligent electric hybrid cars and pure electric models.

　　Geely Galaxy to accelerate the launch of new models and channel construction expansion or its sales target. At the beginning of the year, Geely Automobile Group put forward the goal of doubling the overall sales of new energy in 2023. Data show that the sales of new energy products of Geely Automobile Group in 2022 are about 320,000, which means that the overall sales of new energy of the group this year will exceed 600,000.

　　As a product sequence in the Geely brand, Galaxy also bears part of the sales target. Bach, general manager of Geely Galaxy’s business unit, said in an interview during this year’s Shanghai Auto Show that at least one-third of the more than 300,000 new vehicles to be added by the group this year will be borne by Galaxy products.

　　(This article comes from Gaishi Automobile Network)

　

Rich girls also break into the entertainment circle

It’s too early to be famous!

　　3 Huang Zhiqing

　　"Princess" selected by Stickmen "Prince"

　　Identity: Huang Rihua Daughter Age: 19 years old

　　Star potential: ★★★★☆.

　　Taiwan Province’s super-popular idol group Stickmen held a concert in Hongkong earlier, which attracted thousands of girls to join in, while Stickmen member "Prince" held a beautiful female fan’s hand for a week and hugged deeply during her solo show. This lucky "princess" who was favored by "Prince" was Felix Wong Yat Wa and his wife Liang Jiehua’s baby daughter Huang Zhiqing.

　　Felix Wong Yat Wa always dotes on her daughter and takes her everywhere in idolize. TWINS took her daughter to chase TWINS when she first debuted, and chased S.H.E when she grew up. Now that her daughter is 19 years old and slim, the 24-year-old father still drove her to Stickmen. "I sent my daughter to the concert that day. When I entered the venue, someone asked if I would mind letting my daughter go on stage. My daughter has been chasing Stickmen for two years and likes them very much." Felix Wong Yat Wa was generous when she talked about her daughter’s attention. When the reporter praised Huang Zhiqing’s outstanding appearance and qualified to enter the entertainment circle, Felix Wong Yat Wa did not reject it. "She should finish reading the book first. In fact, my daughter likes acting very much, but she plays a stage play instead of a TV series. I have been to see her performance and she played well. "

　　4 Miao Tong

　　Little "school flower" has no intention of choosing Hong Kong sister.

　　Identity: Michael Miu Daughter Age: 18 years old.

　　Star potential: ★★★★★

　　Michael Miu and Qi Meizhen were a couple of golden couple when they were young. Their daughters inherited their parents’ excellent genes, and they became the "beauty queen" of the school at a young age, which was very popular with male students.

　　In order to raise a pair of precious children, Michael Miu and Qi Meizhen did not hesitate to give up their acting career in their early years. Under the careful guidance of their parents, Miao Tong, now 18, and Miao Jun, now 15, are obedient, and Miao Tong, who looks very much like Qi Meizhen’s daughter, is very popular with male students. A reporter from Hong Kong followed suit and found that Miao Tong, as the "school flower", often had a male classmate with small eyes to escort him around.

　　At the registration stage of "Hong Kong Sister" this year, it was once reported that Miao Tong would run for Hong Kong Sister. When Qi Meizhen attended a public event, she said that her daughter was not interested in the entertainment circle. "I am so angry with my daughter. After reading the report, she asked me what is’ the front belly of the bus’? Later, I learned that she meant’ a lot of prospects’, and my daughter is now preparing to go to college. I was scared all day when I heard that I chose Hong Kong sister. My daughter would better go to school and not be photographed by paparazzi. "

　　Children’s group

　　1 Chen Kangdi

　　A "hipster" who became a designer before her mother

　　Identity: Eason Chan Daughter Age: 4 years old.

　　Star potential: ★★★★★

　　Chen Kangdi, who has long hair, has become a "hipster girl" under the creation of Xu Haoying, a "hipster mom" who has always studied fashion clothes. She has a beautiful appearance and knows how to draw and dance ballet. She is both a writer and a dancer, and her father is a "big brother" in Hong Kong’s music scene. Xiaokangdi is naturally favored by advertisers. It is said that the value of advertisements in Chen Kangdi is as high as HK$ 2.5 million. Eason Chan said that if his daughter is interested in advertising, he will not object, but he still thinks it is too hard to be an artist. He hopes her daughter can study hard and lead an ordinary life.

　　Chen Kangdi, who is only 4 years old, participated in the "I want to be a designer" taught by He Zhien himself earlier. Many children’s hair in the class was stained with paint, but Xiaokangdi was very calm and had a good idea of color matching. He painted the paper skirt and decorated it with small shells, which was praised by He Zhien for its creativity. At a fashion show specially designed for children, Xiaokangdi put on a skirt designed by herself to walk the catwalk.

　　2 Xie Zhenxuan

　　More suitable for entertainment than grandpa and dad.

　　Identity: Nicholas Tse son Age: 2 years old.

　　Star potential: ★★★★★★★

　　Because both parents are big stars, Xie Zhenxuan’s gestures have been widely reported since his birth, and his clothes have become a trend indicator, such as Nike sneakers and Bathing Ape hats. Nicholas Tse once blew himself up that his son was worth 10 million Hong Kong dollars, which was higher than himself: "I might scare you to death if I told him. Someone once offered him eight figures to advertise, but I didn’t want him to walk back to his parents’ road." An advertiser confirmed that Nicholas Tse’s statement was true: "There are often manufacturers who want to find Lucas to advertise through us, and there are indeed large brands that bid more than HK$ 10 million. Unfortunately, they were all rejected by Nicholas Tse. He said that he should at least wait until his son is sensible. " To this end, Cecilia Cheung and Nicholas Tse also had a big fight.

　　The advertisement was not made, but it didn’t affect Lucas’ exposure at all. His mother often took him everywhere to play, while his grandmother took him everywhere to drink tea and shop. Lu-cas had already trained very professionally, and he was never afraid to see reporters’ "long guns and short guns", but he would cry if the camera didn’t shoot him. Cecilia Cheung once said that Lucas has the talent to be a star, and he will be more popular than grandpa and dad. Grandma praised him for his musical talent, which was better than his father Nicholas Tse.

　　3 Ren Qingjia

　　Little princess who loves to walk the catwalk.

　　Identity: Yam Tat-wah Daughter Age: 4 years old.

　　Star potential: ★★★★★★★

　　Yam Tat-wah and Sophia Kao’s daughter, Ren Qingjia, are really beautiful. Some time ago, their family of three went to Guangzhou to "chase" Jay Chou, and Xiao Qingjia, sitting in the VIP seat, attracted many people’s attention.

　　Ren Qingjia is deeply loved by her parents, and she is a model of Yam Tat-wah who loves photography. Since childhood, her father recorded her growth with a camera, and she was used to showing herself in front of the camera, and even picked up the camera to take pictures herself. Yam Tat-wah was full of praise for her daughter’s "photography", saying that her composition was very special and her idea was very good.

　　With a supermodel mother as an example, Ren Qingjia, who loves beauty, began to walk the catwalk at the age of 3. One day, at the age of 3, she went to the street with her mother and grandmother. Originally, she always wanted her mother to hold her, but suddenly she asked to walk in the fields, and then she swaggered up as a model on the road to give full play to her acting talent. In fact, not only the catwalk on the road, but also many fashion shows have invited Xiao Qingjia to make a guest appearance, but all of them have been blocked by their eager parents. "It’s best not to, don’t, don’t even sing. If the daughter goes to film, there will be fewer opportunities to meet. Besides, filming is too hard, and there are day shifts and night shifts. Girls should not stay up all night. I just want my daughter to be healthy. I don’t even let them visit my own filming. It doesn’t matter if you call me autocratic. " Yam Tat-wah said this in an interview.

　　● Reporter’s viewpoint

　　Be an ordinary person.

　　■ Kaka

　　I’m glad to see that the children whose parents are stars are slim and graceful now, and I’m glad that none of them have dreams of becoming stars again. They inherited their parents’ excellent genes, so they are either hot and beautiful, or they have some extraordinary talents in music and acting, but they only regard this as a kind of interest and hobby. Instead of living in the public eye like their parents, they should be happy and ordinary people.

　　In the past, we always liked to use the word "family", including a family of performers, singers and movies. Indeed, there are many big stars in the entertainment circle now. Their parents are stars themselves, such as Nicholas Tse, Fang Zuming and Ceng Baoyi. My father’s shadow may have brought convenience to them when they made their debut, but their ultimate success depends on their own efforts. In fact, what more second-generation celebrities see is not the glamour of the entertainment circle, but the pain that their parents have been followed by paparazzi and the despair that life has no privacy. In today’s era of individuality and freedom, this may be more unbearable than having no money. As a result, the children of these stars are far away from Hong Kong to study abroad, living a rich life of ordinary people and enjoying the freedom that their parents have always hoped for. Parents who are stars also agree with their children’s choice, because they have suffered too much in the entertainment circle and shed too many tears that others can’t see.

　　In this era of fast food, entertainment stars are definitely fast-moving consumer goods. What we want to see are some new faces and voices that can cheer us up. As for who she and her parents are, we don’t care.

Editor: Liu Haifeng

　　According to media reports, Cheng Siwei revealed that the real estate industry has been included in the top ten industrial revitalization plans in the State Council. In this regard, the reporter of Economic Half-hour interviewed Cheng Siwei exclusively this morning. He told reporters that when he gave a class to students, he said that he had expounded his concern about the real estate revitalization plan based on relevant reports, but the media completely ignored this premise and misled his meaning when quoting him.

　　Cheng Siwei: The selection of real estate for revitalization planning is misleading.

　　(Reporter: Yan Wenyu, Gu Ping, Xiong Manlin, Jia Yujia Camera: Shen Yan, Xu Sheng, Zhang Xiaoming)

　　Yesterday, the headlines of many websites were all the same news. It was reported that the real estate industry had occupied the last place in the State Council’s top ten industrial restructuring and revitalization plans. As soon as the news came out, various media and websites reprinted it one after another. The real estate sector in the stock market was also on the move, and a large amount of funds flowed into real estate stocks. At the same time, controversy and opposition were endless.

　　Let’s take a look at our follow-up report on this matter.

　　Yesterday, on several well-known domestic portals, the news that "real estate has entered the top ten industrial revitalization plans" suddenly made headlines. At the same time, when searching for two keywords "real estate" and "revitalization plans" through search engines, almost all major websites reported or reprinted it, attracting countless eyeballs.

　　On January 2nd this year, Premier Wen Jiabao of the State Council said that the State Council was studying the adjustment and revitalization plan of ten important industries. Subsequently, eight industrial revitalization plans for automobiles, steel, textiles, equipment manufacturing, ships, electronic information, light industry and petrochemicals were reviewed and approved in principle by the the State Council executive meeting. During this period, the non-ferrous metal revitalization plan has been initially approved by the State Council. So which industry will be selected into the tenth industrial revitalization plan of the State Council is full of suspense.

　　Yesterday, with the news that the real estate industry has caught the "last bus" of the top ten revitalization plans, the market quickly responded. In yesterday’s stock market, the net inflow of funds from the real estate sector topped the list. Real estate stocks not only floated across the board, but also hit an average growth rate of 4.64%, breaking the weak trend of real estate stocks since this round of market.

　　However, after the closing yesterday afternoon, some media said that real estate was unlikely to be included in the revitalization plan, which made many investors feel extremely confused. Economic Half-hour reporter traced back to the news that "real estate has entered the top ten industrial revitalization plans", and found that the media that first reported the nine industrial revitalization plans were all Xinhua News Agency, and the sources were all the State Council executive meeting. This time, the media that first reported "real estate has entered the top ten industrial revitalization plans" was not Xinhua News Agency, nor was it the State Council, but quoted Cheng Siwei, former vice chairman of the National People’s Congress Standing Committee (NPCSC), at an academic forum last Saturday. It was reported that during the speech, Cheng Siwei

　　So, did Cheng Siwei say that the real estate industry has really entered the top ten revitalization plans, and through what channels did he get the news? The Economic Half-hour reporter made an exclusive interview with Cheng Siwei this morning.

　　Reporter: "Cheng Lao, I saw such a news on the Internet yesterday that real estate was included in the top ten industrial revitalization plans. So, stimulated by this news, real estate stocks also rose by 4.64% on average. I wonder if you have noticed this news?"

　　Cheng Siwei: "I have seen it. In fact, I told them at that time that it was not news, and they wanted to quote it. They told me that the secretary had already posted it, so there was no way, but in fact, this was when I was giving lectures to my students, and it was not a public report."

　　On Sunday, some media reported that Cheng Siwei revealed that the real estate industry has been included in the State Council’s top ten industrial revitalization plans, and Cheng Siwei’s photos were also used in the report, while Cheng Siwei told reporters that he talked about this matter when he was teaching students, not a press release.

　　Reporter: "through what channels did you learn that this real estate industry has been written into the national industrial revitalization plan?"

　　Cheng Siwei: "First of all, I saw the news released by Securities News on February 17th from People’s Daily Online. I also printed it out today. The headline of this news is called, officials of the Energy Bureau said that the energy industry revitalization plan was replaced by real estate planning. In addition, on People’s Daily Online, if you click on it, you can also see the real estate industry in the top ten industrial revitalization plans, so I, I personally got the information from this aspect."

　　Reporter: "Besides this news on the Internet, do you have any other channels to confirm what you have seen?"

　　Cheng Siwei: "It seems that I read on the Internet that on the 22nd, officials from the Ministry of Housing and Urban Development also said that this was the case, because to be honest, as a scholar, I just expressed my views, and I can’t make any explanation on behalf of the government. This is just what I said on the basis of the published news, so I also said that it was reported that there was such a situation."

　　The report on February 17th mentioned by Cheng Siwei is like this: "People from the National Energy Administration said that the plan to introduce another energy sector in addition to the nine major industry revitalization plans has been replaced by the relevant plans of the real estate industry"; The website mentioned by Cheng Siwei is a special page of People’s Daily about the revitalization plan of China’s top ten industries, which indicates a total of ten industries, and the real estate industry suddenly appears in it. However, unlike other reports on the revitalization plan, the so-called real estate revitalization plan has never heard from the the State Council executive meeting, and all the first reports are not from the news broadcast of Xinhua News Agency and China TV Station, but a media claimed that they were confirmed by an official of the Ministry of Housing and Urban Construction.

　　Reporter: "Generally speaking, what is a channel and a formal channel for the release of such a plan?"

　　Cheng Siwei: "As far as I know, the report is like this. He is planning one by one, first reviewed by the National Development and Reform Commission, and then submitted to the the State Council executive meeting for deliberation. Therefore, I think this procedure should be like this. Before the State Council officially passed, the content of the plan was impossible. Release."

　　Reporter: "Take a look, this webpage is generally reported in this way. The topics are all called real estate listed in the top ten revitalization industries. Has it been confirmed?"

　　Cheng Siwei: "Well, I don’t watch it. It’s inappropriate for him. In fact, at that time, I asked my secretary of the Chinese Academy of Sciences to tell them that it was simply a hype, not news."

　　Cheng Siwei said that when he was teaching students, he said that he expounded his concern about the real estate revitalization plan based on relevant reports, but the media completely ignored this premise and misled his meaning when quoting him.

　　Reporter: "Do you think this presentation is your original intention?"

　　Cheng Siwei: "I think this is a bit misleading, which is what I said just now. In fact, this news was announced on the 17th, and when I spoke, I said that I was giving lectures to students, so it was reported that this should be very clear. But because I have repeatedly said that I am now from the National People’s Congress, even if I am the vice chairman of the National People’s Congress, I don’t care about the government, and now I have retired from the post of vice chairman of the National People’s Congress, so what I am talking about now is all. Therefore, I think it is a matter of the National Development and Reform Commission, the Energy Bureau and the Ministry of Construction, so I think this report is not accurate. "

　　CCTV News:According to the website of the People’s Bank of China, the People’s Bank of China and China Banking and Insurance Regulatory Commission publicly solicited opinions on "Opinions on Financial Support for the Development of Housing Leasing Market (Draft for Comment)". Soliciting opinions, it is proposed to focus on supporting the development of specialized and large-scale housing leasing enterprises with self-sustaining properties. Financial support for housing leasing should adhere to the position that houses are used for living, not for speculation, and focus on supporting self-sustaining property-based housing leasing enterprises with independent legal person operation, clear business boundaries and real estate professional investment and management capabilities, so as to promote their large-scale and intensive operation and improve the supply capacity and operation level of long-term rental housing. Details are as follows:

Opinions on financial support for the development of housing rental market

(Draft for Comment)

　　In order to thoroughly implement the decision-making arrangements of the CPC Central Committee and the State Council, support the accelerated establishment of a housing system with multi-agent supply, multi-channel guarantee and simultaneous rent and purchase, cultivate and develop the housing rental market, and promote the stable and healthy development of the real estate market, according to the Opinions of the General Office of the State Council on Accelerating the Cultivation and Development of the Housing Rental Market (Guo Ban Fa)

　　[2016] No.39) and "Opinions of the General Office of the State Council on Accelerating the Development of Affordable Rental Housing" (Guo Ban Fa [2021] No.22), we now put forward the following opinions on financial support for the development of the housing rental market:

　　I. Basic Principles and Requirements

　　(1) Support the structural reform of the supply side of housing leasing. Financial support for housing leasing should focus on the key points and aim at the shortcomings, mainly in big cities, focusing on solving the housing problems of new citizens, young people and other groups, supporting all kinds of subjects to build and rebuild long-term rental housing, revitalizing existing housing, and effectively increasing the supply of affordable and commercial rental housing.

　　(two) focus on supporting the development of specialized and large-scale housing leasing enterprises with self-sustaining properties. Financial support for housing leasing should adhere to the positioning that houses are used for living, not for speculation, and focus on supporting self-sustaining property-based housing leasing enterprises that operate as independent legal persons, have clear business boundaries, and have real estate professional investment and management capabilities to promote their regulations.

　　Modular and intensive management to improve the supply capacity and operation level of long-term rental housing.

　　(3) Establish and improve the financial support system for housing leasing. Financial support for housing leasing should be based on market allocation, providing diversified, multi-level and full-cycle financial products and financial service systems for the investment, development, operation and management of leased housing, with complete market functions, balanced structure and orderly competition.

　　— — Financial institutions have a reasonable division of labor. Commercial finance should meet the reasonable financing needs of all kinds of rental housing subjects in accordance with the principles of legal compliance, controllable risks and sustainable business. Policy finance and development finance are limited to providing financing for the development, construction and operation of affordable rental housing on the premise of meeting the functional orientation and business scope.

　　— — Innovation norms of financial products. Housing lease credit products should have clear functions, reasonable term and interest rate pricing, perfect risk evaluation and post-loan management. Direct financing products should be simple and clear in structure, sound and effective in market restraint and operation mechanism, transparent in product pricing, and true and compliant in capital use.

　　— — Optimization of credit and capital market allocation. The credit market mainly meets the needs of various entities to develop and build rental housing, as well as the liquidity and daily operation of housing rental enterprises. The capital market focuses on the development of long-term financing tools for housing rental investment. The credit market and the capital market can be coordinated and reasonably connected according to the income and risk characteristics of different links of housing leasing.

　　Two, strengthen the innovation of housing rental credit products and service models

　　(four) to increase credit support for the development and construction of rental housing. Support commercial banks to issue development and construction loans to real estate development enterprises, industrial parks, rural collective economic organizations, enterprises and institutions and other entities to build or rebuild long-term rental housing.

　　Payment. The proportion of project capital for rental housing construction should not be less than 20% of the total investment of development projects, and the loan period is generally 3 years, and the longest is not more than 5 years. Commercial banks should establish a perfect loan approval mechanism and risk management mechanism for development and construction according to the cash flow of various entities and the risk characteristics of real estate development, so as to improve the efficiency and management level of loan approval.

　　(V) Innovative groups purchase rental housing credit products in bulk. For enterprises and qualified institutions to purchase idle houses in batches according to laws and regulations for dormitory-type affordable rental housing, and specialized large-scale housing leasing enterprises to purchase idle houses in batches according to laws and regulations for affordable rental housing or commercial rental housing for long-term operation, commercial banks are encouraged to issue rental housing group purchase loans on the premise that risks are controllable, businesses are sustainable and implicit debts of local governments are not added. Commercial housing and commercial housing purchased with loans should be houses with clear legal relationship and completed acceptance. During the loan period, the rental purpose of the house shall not be changed. Leased housing groups purchase loans for a maximum period of not more than 30 years, and the loan amount shall not exceed 80% of the appraised value of the property in principle.

　　(six) support the issuance of housing rental business loans. If a housing leasing enterprise manages long-term rental housing with its own property rights, the term of the housing leasing business loan shall not exceed 20 years, and the loan amount shall not exceed 80% of the assessed value of the property in principle, which can be used to replace the loan for early development and construction of the property. For the non-proprietary rental housing formed by the housing leasing enterprises in accordance with the law and in compliance with the transformation of industrial plants, commercial office buildings and villages in the city, the term of operating loans shall not exceed 5 years, and the loan amount shall not exceed 70% of the total rent receivable within the loan period in principle.

　　Commercial banks should carry out due diligence investigation on the legal compliance of the operation and management of leased housing, the rental level and occupancy rate of leased housing, and the professional ability, financial status and continuous prudent operation of housing leasing enterprises, and design the loan term, interest rate and repayment method reasonably in combination with the operation and risk characteristics of housing leasing enterprises.

　　Housing leasing enterprises should take rental income as the first source of repayment. If the housing leasing enterprise has clear other repayment sources, commercial banks can issue pledge and mortgage loans, but the legal risks of pledge and mortgage should be carefully evaluated to ensure the enforceability of pledge and mortgage. On the premise of compliance with laws and regulations, commercial banks are encouraged to issue credit loans according to the credit standing and operating conditions of housing leasing enterprises.

　　Explore the role of policy housing finance, support housing leasing enterprises to hold and operate affordable rental housing for a long time, and give priority to meeting the housing rental needs of eligible new citizens, young people and other groups.

　　(seven) innovative comprehensive financial services for housing leasing related enterprises. Encourage commercial banks to actively explore financial service models and financial products suitable for the needs of enterprises related to housing leasing, and provide comprehensive financial solutions such as account opening, settlement, consultation and cash management to housing leasing construction and operation enterprises, housing leasing brokerage institutions and housing leasing management service platforms.

　　Third, broaden the diversified investment and financing channels in the housing rental market

　　(eight) to enhance the ability of financial institutions to put in housing rental loans. Support commercial banks to issue financial bonds for housing leasing, and raise funds specifically to increase the investment of housing leasing development and construction loans and operating loans.

　　(9) Broaden bond financing channels for housing leasing enterprises. Support housing leasing enterprises

　　Industry issued debt financing instruments, corporate bonds, corporate bonds, earmarked for rental housing construction, purchase and operation. Encourage the optimization of bond issuance process, improve the issuance efficiency of housing lease bonds, and provide financing facilities for housing lease enterprises.

　　(10) CoveredBond for innovative housing lease. If the rental housing owned and operated by the housing leasing enterprise has a sustained and stable cash flow, the property mortgage can be used as a credit enhancement, and housing lease guarantee bonds can be issued. Housing lease guarantee bonds are included in the bond management framework.

　　(eleven) the steady development of real estate investment trust funds (REITs). Steadily promote the pilot work of real estate investment trust funds (REITs), and raise funds for housing leasing enterprises to hold and operate long-term rental housing under the premise of controlling risks. Support real estate investment trust funds (REITs) share trading circulation, promote long-term stable operation, and prevent short-term speculation. Give priority to supporting xiong’an new area, Hainan Free Trade Port, Shenzhen Socialism with Chinese characteristics Pilot Demonstration Zone and other key areas supported by national policies and big cities with net population inflow to carry out real estate investment trust funds (REITs) pilot projects, and provide financial support for enterprises that use all kinds of construction land (including collective construction land, idle land owned by enterprises and institutions, etc.) to build, hold and operate long-term rental housing according to laws and regulations.

　　(twelve) to guide all kinds of social funds to invest in the field of housing leasing in an orderly manner. Support financial institutions, asset management products and other market entities to standardize investment in financial products related to housing leasing. Encourage housing leasing enterprises and professional asset management institutions to hold and operate rental housing for a long time through real estate investment trusts (REITs). Support long-term funds such as insurance funds to invest in the housing rental market. Encourage housing leasing enterprises and finance.

　　Institutions use interest rate derivatives to hedge related interest rate risks.

　　Four, strengthen and improve the financial management of housing rental.

　　(thirteen) strict housing leasing financial business boundaries. Housing leasing financial business should be strictly positioned to support the development of housing leasing market and not provide financing for short-term speculation. Housing rental financial products and services should be clearly distinguished from those of non-rental housing. It is strictly forbidden to finance non-rental housing in the name of supporting housing rental, and it is strictly forbidden to use housing rental financial products for commercial real estate development in violation of regulations. Financial institutions should establish and improve relevant business systems, strengthen compliance review and evaluation, and ensure prudent and compliant business.

　　(fourteen) to strengthen the management of housing rental credit funds. Commercial banks and other institutions should strictly review housing lease credit and post-loan management, strengthen the investigation and tracking of borrowers, project attributes and the authenticity of loan purposes, ensure that loan funds are used for housing lease construction and operation in accordance with the agreed purposes, and effectively prevent risks such as misappropriation and cashing out of funds. If the lease property of the project or the use of the house is changed during the loan period, the loan shall be recovered in time.

　　(fifteen) standardize the innovation of direct financing products for housing leasing. The direct financing products of housing lease should have excellent quality of basic assets, simple structure, clear legal relationship, open and transparent information and legal compliance with the use of funds. Relevant acceptance departments should clarify the business model of housing leasing enterprises, the use of raised funds and other policies and audit requirements, improve information disclosure and post-supervision management, take effective measures to ensure that raised funds are used for related activities such as rental housing construction and operation, and shall not be diverted for other purposes.

　　(sixteen) to prevent financial risks of housing leasing. Commercial banks, etc. lease housing.

　　Institutions providing financing should establish and improve relevant systems, strengthen compliance review and evaluation, and ensure prudent and compliant business. Standardize the management of financing subjects, formulate clear access standards, and implement list management for non-personal objects. Limit the debt level of all kinds of housing leasing enterprises and real estate development enterprises holding leased housing to ensure that their asset-liability ratio remains in a moderate range. Strengthen the monitoring of the operation and management, financial status and the use of funds of housing leasing enterprises. If housing leasing enterprises violate the loan contract, they should promptly take effective measures such as accelerating liquidation and collecting loans in advance to resolve risks.

　　Housing leasing enterprises must complete the relevant filing work on the housing leasing management service platform established by the housing and urban-rural construction department before financing. For direct financing products of housing leasing, we should fully reveal the risks related to housing leasing business and real estate market, establish and improve the risk early warning and disposal mechanism, and protect the interests of investors.

　　(seventeen) the establishment of housing rental financial monitoring and evaluation system. The People’s Bank of China took the lead in establishing a special statistical system for housing leasing finance, strengthened the statistics, investigation and monitoring analysis of housing leasing financial products, and explored the establishment of a policy-oriented effect evaluation system for housing leasing special credit. Relevant departments should strengthen the sharing of information related to housing leasing and give full play to the joint efforts of supervision.

　　The Shanghai headquarters of the People’s Bank of China, branches, business management departments, city center branches of provincial capitals and sub-provincial city center branches are requested to forward this opinion to relevant institutions within their respective jurisdictions together with the Banking Insurance Regulatory Bureau of their respective provinces (autonomous regions and municipalities), and coordinate the implementation of this opinion.