Red flag fluttering

　　"The eldest son of the Republic" FAW Entrepreneurship Tales

　　Changchun, Jilin Province, is a world-renowned "automobile city". The headquarters of China First Automobile Group Co., Ltd., known as the "eldest son of the Republic", is located here. National brands such as Hongqi and Jiefang and joint venture brands such as Audi and Volkswagen have set up factories here. Every day, a steady stream of cars from Changchun to the world.

　　Located on Dongfeng Street, Changchun Automobile Economic and Technological Development Zone, "Gate 1 of the First Automobile Factory" is where FAW laid the foundation stone 70 years ago. On July 15, 1953, the groundbreaking ceremony of the exciting First Automobile Factory was held here, opening the first step in the development of the automobile industry in New China.

　　70 years of ups and downs, 70 years of hard work, 70 years of self-reliance and self-improvement. FAW’s 70-year history of serving the country and strengthening the automobile industry is also a historical epitome of the new China’s automobile industry from scratch and from weak to strong. It inspires people to anchor the goal of "independently controlling key core technologies, establishing a national automobile brand, and building a world-class enterprise" and walk out of the road of a new era of automobile power.

　　Concentrate on building FAW, and talents will go north to gather in Changchun

　　In the early days of the founding of New China, economic construction and national defense construction required a large number of automobiles. This made it a question of the times "when the Chinese people can drive their own cars". The Party Central Committee has a long-term vision and judged the situation, and put the construction of a modern automobile factory on the high agenda.

　　In 1950, during Chairperson Mao Zedong’s visit to the Soviet Union, the two sides agreed that the Soviet Union would assist China in building the first heavy truck plant. In April of the same year, the Ministry of Heavy Industry established an automobile industry preparatory group and began intensive preparations. On the basis of extensive investigation and repeated comparisons, the Central Financial and Economic Commission approved the construction of the first automobile manufacturing plant in Changchun City, Jilin Province.

　　In 1953, Chairperson Mao issued the "Instructions of the Central Committee of the Communist Party of China on Striving to Build Changchun Automobile Factory in Three Years", instructing all relevant departments to give maximum support to the construction of Changchun Automobile Factory and strive to complete it in three years. The construction of the automobile factory was also included in the first five-year plan as the first batch of key projects in our country. The young republic has cultivated FAW, the "eldest son of the republic", by giving full play to the advantage of concentrating its efforts to do great things.

　　Under the call and direct command of the Party Central Committee, the Organization Department of the Central Committee dispatched more than 150 bureau-level cadres to FAW, and the Northeast Bureau also dispatched 529 government cadres to work at FAW. A large number of high-tech workers from Beijing, Shanghai, Tianjin and other places went to Changchun. Only private enterprises and public-private joint ventures in Shanghai supported FAW with nearly 1,000 technical workers. In addition, graduates and returned students from Tsinghua University, Shanghai Jiaotong University and other universities also went north to report to FAW.

　　Even elementary school students have joined the ranks of supporting FAW. Jiangning Primary School in Jiangsu Province wrote: We used our spare time to collect scrap copper, scrap iron, rags, rotten cotton, glass and waste paper outside, and sold these things to the cooperative. We got more than 50,300 yuan (old money), which was transferred to you by the China Youth Daily. We think that although the money is small, it can be regarded as adding a brick and tile to the construction of the socialist building.

　　At the busiest time of FAW construction, two or three hundred wagons full of various materials and equipment were sent to the construction site every day. Changchun City took the initiative to serve the front and invested a lot of manpower and material resources to support the construction of FAW. The First Party Congress of Changchun City determined the support policy of "taking the initiative, handling it first, only allowing it to be done well, not allowed to be damaged". 95% of municipal construction costs in 1954 and 84% in 1955 were used for FAW, and more than 30,000 people, such as government cadres, participated in the construction of FAW. Volunteer labor.

　　The automobile industry is very professional, and it is not enough to rely on brute force alone. In the fiery construction site, "no shame to ask, no school" has become the norm. Since 1954, FAW has launched a "white hat" learning movement, and has specially set up an amateur training class for leading cadres, equipped with many teachers, including Soviet experts, and more than 100 leading cadres above the department level have participated in the study.

　　Through the study, the students not only initially mastered the basic knowledge of automobile manufacturing, but also learned to operate machine tools, do fitter work, and many female students learned to drive cars. This batch of cadres at the division level and above, transferred from various fronts of the party, government and army, gradually removed the "white hat", thereby improving the overall quality of FAW managers.

　　Find the factory manager in front of the factory manager, selfless dedication and dare to take responsibility

　　In April 1952, Guo Li, who was then the director of the preparatory group for the automobile industry of the Central Ministry of Heavy Industry, was appointed as the director of the Changchun Automobile Factory (later officially named the First Automobile Factory).

　　FAW started from the wilderness, and everything was new. In the early days of his business, there was "no manpower, no position, and no experience" here. Guo Li was eager for talents, and he "recruited a lot of people" and made hard efforts.

　　While everyone was preparing to build an automobile factory under the leadership of Guo Li, he had the idea of "letting Xian".

　　Why is this? Guo Li once told his old comrades that he wanted to hire a person familiar with the situation in the Northeast as the factory director and himself as a deputy. "The central government has decided that the automobile factory will be completed and put into production in three years. If a comrade who is familiar with the situation in the Northeast, with older qualifications, stronger abilities and higher positions, can be the factory director, it will be more conducive to mobilizing forces from all over the world to support the FAW construction."

　　In order to "let go" the factory manager, Guo Li went to Beijing and Shenyang many times to ask the Party Central Committee and the Northeast Bureau to transfer the factory director. In early 1953, Guo Li finally hoped to replace him with Rao Bin, and he was "demoted" to the first deputy factory manager and chief engineer.

　　Unity is strength. Rao Bin focused on basic construction, while Guo Li focused on production preparation. Rao Bin made a bold and resolute move, Guo Li was down-to-earth, serious and meticulous, and the two cooperated tacitly to successfully complete the task of building and putting into production in three years. The story of "looking for the factory manager in front of the factory manager" has also become a widely circulated story in the history of entrepreneurship in the automobile industry in New China.

　　Trains run fast, all rely on the headband. The role of role models is endless. The story of Rao Bin and Guo Li working together in unity has inspired a large number of cadres from all over the world. It is the team that is united, the leaders are selfless and dedicated, and with the efforts of party members, cadres and all workers, and the support of all parts of the country, entrepreneurs are fighting for the world. In just three years, a large modern automobile factory has risen from the ground.

　　Building a factory in the wasteland is always more difficult

　　In the winter of 1953, it was FAW’s first winter construction period. Living in a ventilated construction shed, FAW builders worked in snowy weather above their heads, stepping on permafrost, climbing more than 30 meters to tie steel bars and pour concrete. Some hands were frozen and cracked, wrapped with tape to continue drying.

　　At that time, many designers lived in simple houses with no floors, the ground was damp, and the boxes would get moldy on the ground. It was fine in summer, but we had to make a fire in winter. "Although life was hard, we all focused on work," recalls Liu Jingchuan, the former chief designer of the First Automobile Factory.

　　Beginning in the second half of 1954, tall factories were erected one after another, and civil construction work was gradually transferred from outdoors to indoors. In order to carry out larger-scale winter construction in a closed factory building of more than 200,000 square meters, Soviet expert Kirev proposed using locomotives for heating.

　　Is it safe to use locomotives for heating? Can it work? After repeated studies, the builders found it feasible. Therefore, the Ministry of Railways specially transferred 8 steam locomotives from all over the country for FAW construction.

　　In order to cooperate with the "heating" of the locomotive, the pipeline system was redesigned at the construction site, and the steam locomotive was modified, and the hot steam was continuously transported to the construction site. Fu Yuwu, the honorary chairperson of the China Society of Automotive Engineers, said that the locomotive was turned into a large heater, and the workers sprayed steam on the ground while covering it with a straw curtain. The factory manager and his employees worked around the clock to build a FAW on the black land.

　　Ride the east wind to show the red flag, passion burns the heart to the party

　　On July 14, 1956, the first batch of 12 Jiefang brand cars rolled off the assembly line to thunderous applause. FAW Central Avenue became a sea of joy, and many people touched the domestic cars engraved with Chinese characters, with great pride and joy.

　　"I remember Ma Guofan, a 52-year-old driver at the time, marching with a convoy of 12 cars to celebrate. As soon as the car left the factory, it was surrounded by people on the inner and outer floors. Everyone was fighting and shouting for a ride. The carriage was full of people, and there were people standing on the pedals. There were people sitting on the front bumper and the fender of the car. They all straightened their chests and wanted to be more exuberant. Colorful paper flowers flew all over the sky, and many people didn’t have paper flowers in their hands, so they threw sorghum, rice and grain onto the car." Xinhua News Agency reporters who reported that the Jiefang brand car was off the assembly line described the scene at that time. Still very excited.

　　After the Jiefang brand car came out, it quickly became the main force of urban and rural transportation and highway transportation in China, which left a deep memory for several generations. Subsequently, FAW developed the first Dongfeng brand car and the first Hongqi brand high-end car in New China in 1958.

　　Looking back at the summer of 65 years ago, inspired by the slogan of "Ride the East Wind, Show the Red Flag, Build a High-end Car to See Chairperson Mao", the FAW factory broke the routine and adopted the method of "catching the temple fair" to recruit talents in the factory area. The red flag car placed in the courtyard was designed and manufactured for more than 2,000 parts of Chrysler, which was a prototype car, and was robbed by everyone in less than a few hours.

　　After 33 days of hard work, the Hongqi brand high-end car was successfully launched, and Chinese cultural elements such as "sky round place", "Chinese fan grille", "palace tail light" were integrated into it, and it was equipped with FAW’s self-designed V8 engine, with a maximum power of 200 horsepower and a top speed of 185 kilometers per hour. So far, the Hongqi car has driven to the land of China and has become China’s own high-end national car brand.

　　At the beginning of 1959, the Hongqi sedan entered a tense mass production preparation stage, and the product quality became a prominent contradiction. At the fifth-level cadre meeting attended by 2,000 people in the whole factory, everyone’s speeches merged into a determination: a batch of qualified Hongqi cars must be produced to participate in the tenth anniversary of the National Day. In response to the production difficulties and quality problems that have been discovered, 323 key attack commandos were organized, including 32 key commandos of the whole factory.

　　At that time, many of the problems FAW encountered were technical problems that no one had ever encountered in China, such as the hydraulic tappet of the engine. The products that were initially trial-produced had a lifespan of only two minutes in the high-speed operation of the engine. To break through the problems, the hydraulic tappet commando led by Li Gang gathered more than 150 professionals in design, technology, processing and trial production.

　　While studying relevant literature and analyzing foreign samples, they proposed a plan for testing. The commandos tried dozens of different materials, and finally selected alloy cast iron. After 42 tests on the quenching process, they finally determined the quenching time and temperature.

　　Under the mobilization of the whole factory, many key research projects have played an important role in improving the quality of Hongqi cars. In September 1959, on the eve of the tenth anniversary of the National Day, the first batch of 30 Hongqi brand high-end cars and 2 inspection vehicles produced after quality research were sent to Beijing.

　　End the 30-year system, and take the lead in joint ventures and cooperation

　　The change of Jiefang’s seventh-generation vehicles and the leap of more than 8 million vehicles have witnessed the history of China’s automobile industry from scratch and from weak to strong. On June 26, 2023, the Jiefang Seventh Generation Truck Parade was held. From Jiefang’s first-generation product CA10 to its second-generation product CA141, and then to the latest seventh-generation product Jiefang J7, Jiefang welcomed the 70th anniversary of FAW’s establishment with a "family-style" parade.

　　In the FAW Liberation Factory area, there is a verdant pine forest. In the center of the pine forest stands a 5-meter-high and 2.5-meter-wide marble monument. Above the monument is a one-ton medal, which records the exciting history of FAW’s transformation.

　　From the first Jiefang brand car to the early 1980s, Jiefang brand cars have not been reinvented, sales continue to decline, and FAW faces the test of life and death.

　　Since the end of 1980, with the help of the east wind of reform and opening up, FAW has relied closely on all cadres and employees to raise funds for transformation to end the 30-year system of Jiefang Trucks. On January 1, 1987, Jiefang’s second-generation CA141 car was officially put into production, and China National Automobile Industry Corporation awarded FAW a one-ton medal. FAW "does not stop production, does not reduce production, and vertically transforms", creating a miracle in the history of China’s automobile development.

　　Afterwards, FAW took the initiative to keep up with the times, joining hands with world auto giants such as Volkswagen, Toyota, and Audi. Domestic Audi, Jetta, Bora and other models became household names in China, making important contributions to the country’s resistance to imported cars and consumption of large amounts of foreign exchange. At the same time, cooperation with multinational companies has brought a lot of technology and advanced management experience.

　　Lin Ganwei, former general manager of FAW-Volkswagen Co., Ltd., recalls that in 1987, Volkswagen came to FAW to seek cooperation opportunities. At that time, FAW had already purchased the Chrysler 488 engine production line, and Dr. Hahn, the former chairperson of Volkswagen Group, promised to install Chrysler engines into the Audi 100 model, and it was a success.

　　With the efforts of all parties, on May 17, 1988, FAW and Audi signed a "technology transfer license contract for the production of Audi in FAW", which kicked off Audi’s entry into the Chinese market. The next 30 years were the period of China’s reform and opening up, and Audi also benefited a lot. By now, China has become Audi’s largest single market in the world. Audi has many domestic models in China, and sales have continued to lead the Chinese luxury car market for more than 30 years.

　　Sino-German cooperation goes beyond commercial cooperation and also opens a window for Germans to understand China more comprehensively. When FAW-Volkswagen established a party organization in 1993, the Germans did not understand this. Later they found that the best workers in the workshop were always Communist Party members. When the company organizes volunteer raids for party members in the future, German personnel will also automatically join.

　　At a "Tell the Story of the Communists Around You," a German expert, Manfred Brock, described his love for the Chinese Communist Party, which he called "the most advanced and representative party in the world," and whose members he could tell at a glance. He wrote three letters to the FAW Party Organization expressing his admiration for the Chinese Communist Party.

　　Li Zhihong, director of the general manager’s office of FAW-Volkswagen, said that for some time, some people have questioned the "market for technology", but the joint venture represented by FAW-Volkswagen has cultivated a large number of leading talents in the automobile industry for the country and laid a solid foundation for the realization of the automobile power. This is the biggest achievement of the joint venture cooperation.

　　"Red Flag" takes responsibility on its shoulders and strives for reform

　　Faced with the great changes in the global automobile industry, FAW holds high the "red flag", rides the wind and waves, and is at the forefront of exploring high-quality development and creating a world-class enterprise.

　　Since the establishment of the Hongqi brand in 1958, the road to marketization has not been smooth sailing, and it has even faced market criticism. Since 2017, FAW has reorganized its organization with a market orientation, forming a more professional, fine and flat structure and operation model. The group headquarters is directly responsible for the operation of the Hongqi brand. At the same time, FAW has launched the new Hongqi brand strategy, created four major product series L, S, H and Q, and built a large number of Hongqi experience centers across the country to expand the influence of the Hongqi brand.

　　September 18, 2017, is the day that all FAW people remember. On that day, FAW launched the "four abilities" reform, that is, "cadres can go up and down, employees can come in and out, salaries can be high and low, and institutions can increase and reduce energy". The whole group competed for recruitment, and senior managers competed for positions.

　　"At that time, FAW and Dongfeng had a cadre training course at Tsinghua University. As soon as we reported for duty, we were notified that the FAW Group had all stood up. The’iron rice bowl ‘was gone all of a sudden, and only Dongfeng’s people were left in the training class the next day. All FAW’s people returned to Changchun to participate in the reform," said Liu Jun, director of the FAW Reform Office.

　　He believes that the reform has touched everyone a lot, and their enthusiasm for entrepreneurship has been thoroughly stimulated.

　　In September 2020, FAW implemented a more systematic reform of the new three-year term of office for senior managers, setting goals first and then taking up positions, and encouraging challenges to high goals. The matching of senior managers was completed within a week, and the average age of cadres was reduced by 1.4 years. According to the plan, these reform measures will continue during the "14th Five-Year Plan" period to continuously stimulate employees’ enthusiasm for entrepreneurship.

　　Hu Hanjie has served as assistant general manager of FAW joint stock company and chairperson of FAW Jiefang Company for 5 years. In these 5 years, "Jiefang" sold 440,000 vehicles in 2021, creating the global "five consecutive" performance of "Jiefang" medium and heavy truck sales. In the new three-year term reform in 2020, according to "performance review + target undertaking + ability evaluation", the excellent will be hired first, and the latter will compete for jobs. Hu Hanjie was directly hired because of his excellent performance. There are more than a dozen leading cadres like him who have been hired without competition.

　　The FAW reform has changed many people’s old-fashioned thinking and concepts, built a customer-centric management structure, and established a market-oriented incentive mechanism that does not raise lazy, idle, and mediocre people. This has effectively inspired cadres and employees to charge forward, face difficulties, and pioneer and innovate. It has ignited the hope and dream of all FAW people to revive the Hongqi brand.

　　In recent years, under the impetus of the national tide, with the advantages of atmospheric styling, forward-looking technology and high-quality after-sales services, many new cars of the Hongqi brand have experienced an unsold phenomenon. Today’s Hongqi brand has more and more family products, higher and higher value, and more down-to-earth market expansion.

　　Zhang Ming, president of FAW Hongqi Design Institute, said that the Hongqi brand car follows the national trend and is closely integrated with traditional cultural symbols such as the Forbidden City and modern scientific and technological symbols such as China Aerospace, incorporating Chinese elements into the car, making the car not only a means of transportation, but also a work of art.

　　"Red Flag" makes dreams come true, engine manufacturing takes the lead

　　At the age of 34, he is a numerical control technician and a great craftsman in China’s automobile manufacturing field. Over the years, the situation of carrying the heavy responsibility of "red flag" development in FAW has also provided a stage for him to display his talents.

　　He is Yang Yongxiu, a senior technician in the numerical control team of the Research and Development Institute of China First Automobile Group Co., Ltd.

　　16 years ago, Yang Yongxiu chose Changchun Automotive Industry College to become a numerical control student.

　　After going to school, he gradually fell in love with the numerical control major and maintained the first place in the class during school. After graduation, he became a worker in the former FAW Technology Center as he wished.

　　The sea is wide and the fish leaps, and the sky is high and the birds fly. Yang Yongxiu secretly made up his mind that he could not be satisfied with the status quo and would contribute to the golden signboard of FAW.

　　After being an ordinary processing worker for half a year, he transferred to the numerical control position he loved. FAW has a large number of excellent technical workers and many of them are craftsmen in big countries.

　　For more than 5 years, he slept and ate to ask his seniors for difficult problems, and many people knew everything about him. He also bought a lot of courseware and taught himself the latest theories. Soon, Yang Yongxiu stood out and became a technical expert.

　　With this strength, Yang Yongxiu can not only skillfully operate imported numerical control systems such as Heidelhan, but also possess a variety of software programming, multiple CNC equipment operation and complex tool design and restructuring skills, which allows him to show his talents in high-end engine manufacturing, precision parts development and other fields.

　　At the beginning of 2018, after the release of the new Hongqi brand strategy, Yang Yongxiu mainly undertook the numerical control processing of the core precision parts such as the high-end engine, gearbox and chassis independently developed by the Hongqi brand, solved a large number of neck jams, and completed more than 30 major trial production tasks.

　　He also relied on the mentoring workshop and the model worker innovation studio to carry out a number of trial production technology research such as rapid trial production and integrated manufacturing, and cultivated a group of high-skilled talents. Most of his team members have mastered numerical control technology and realized the transformation of digital intelligence.

　　In recent years, FAW’s accelerated reforms have given Mr. Yang more room to display his talents. "There are still many young people like me at FAW. As big as everyone dreams, as strong as technology and as capable as they are, the stage will be as big as it is," he said.

　　At the same time, the state and local governments have continuously increased their support for talents, especially automobile manufacturing talents, so that Yang Yongxiu can enjoy the benefits brought by many policies such as children’s schooling, and solve his worries.

　　Yang Yongxiu is particularly happy to see more and more Hongqi cars on the street equipped with key components such as self-developed engines. He said: "It is the mission of FAW people to promote the national car brand. I am willing to take root in the northeast, take root in FAW, and work with my colleagues to solve more technical problems of neck sticking."

　　Central-local cooperation sets a benchmark and strives for the first place in the new and brave

　　On January 8 this year, China FAW Hongqi brand new energy vehicle global strategy conference was held in Guangzhou. That night, China FAW announced the new logo, design language, technology platform, etc. of the Hongqi new energy brand, and released three upcoming new energy vehicle models.

　　On the eve of the Shanghai International Auto Show, FAW released the Hongqi "flag" high-end electric intelligent super architecture FMEs, and successively launched three major platforms: electric, intelligent and hybrid.

　　The country needs it, and FAW wants it. In the era of "structured car building" and "software-defined car", FAW has released "three major platforms with one architecture" in half a year, and it is rare in the industry to fully promote "All in" new energy. Behind this, there is not only the firm determination of the enterprise to transform, but also the central and local cooperation to "new".

　　Since the birth of the first car, the development of FAW in China has been closely related to the development of Changchun City and even Jilin Province. In order to support the development of FAW, the local government has not only increased the infrastructure transformation in the area where FAW is located in recent years, creating a good production and living environment, but also actively promoted the reform and development of FAW, and promoted the faster landing of new products.

　　At present, Jilin Province has started to support FAW to focus on key core technologies, strengthen cooperation with universities and key enterprises, and strive to activate the innovation chain, reshape the industrial chain, cultivate the brand chain, and actively seize the commanding heights of industrial development. The main leaders of Jilin Province have come to FAW on-site dozens of times to solve the problems of enterprises.

　　Changchun Automobile Economic and Technological Development Zone is the headquarters of FAW Group and the only national-level development zone named after the automobile industry in the country. It is actively creating a high-quality business environment, and often "door-to-door service" solves various problems for enterprises and relieves their worries.

　　"What the enterprise needs, we will do, ensure that we are on call, and find ways to satisfy the enterprise" – this has become a guide for many cadres.

　　Tower cranes stand in the Changchun Automobile Economic and Technological Development Zone, and the construction scenes of automobile industry projects can be seen everywhere. On June 30, Audi FAW New Energy Vehicle Supporting Industrial Park and Audi PPE Supporting Project started construction in Changchun City, Jilin Province, with a total investment of over 44.40 billion yuan. After the project is completed and put into operation, it will effectively promote the automobile industry cluster in Jilin Province to "climb the ladder" and provide solid support for accelerating the revitalization of old industrial bases and the development of new energy automobile industry.

　　In recent years, Jilin Province has accelerated the pace of transformation and upgrading of the automobile industry. The Audi FAW new energy vehicle project with an investment of 35 billion yuan and the FAW Freddy project with an investment of 13.50 billion yuan are being accelerated. According to the latest plan of the Jilin Provincial Government, the scale of the automobile industry in the province will reach one trillion yuan by 2025. The accelerated development of Jilin’s automobile industry continues to attract multinational companies such as Volkswagen Group, Audi, and Continental Automobile to invest and start business.

　　Wang Chuanfu, chairperson and president of BYD’s joint stock company, said that BYD will strengthen cooperation with FAW to accelerate the local transformation of green technologies and contribute to making national automobile brands bigger and stronger.

　　FAW is also working hard to accelerate its overseas market layout and gather global resources to serve the development of enterprises. Recently, FAW and Israeli partners held the launch ceremony of the Red Flag flagship model E-HS9 in Tel Aviv, Israel, marking the official launch of the Red Flag brand car in the Israeli market. At present, FAW’s overseas business has covered more than 50 countries and regions along the "Belt and Road Initiative", and has also set up research and development centers in Munich, Germany and other places.

　　In September 2021, Hongqi’s strategic pure electric smart SUV, the E-HS9, was officially exported to Norway, becoming an important milestone for China’s high-end national automobile brands to export to the European market in batches. After launching the end point delivery in 2022, Hongqi E-HS9, with its excellent product performance and appearance design, not only brought the ultimate driving experience to local users, but also gained a large number of fans. It achieved a delivery of over 1,000 units in 6 months, and achieved the top three results in Norway’s large and medium-sized luxury SUV segment.

　　The relevant person in charge of FAW said that FAW will deeply implement the "Belt and Road Initiative" initiative and "going out" strategy, grasp the basic rules of building a world-class enterprise, make good use of two domestic and international markets and two resources, and accelerate the expansion of overseas high-end automobile markets. Continuously improve the layout of the global automobile industry chain, strive to build an integrated overseas business operation system, continuously provide global consumers with the ultimate products and services, and strive to polish the Chinese business card of the world automobile stage. (Reporter, Zhang Jian)

　　[Autohome News] We learned from NIO officials that NIO Pilot Assist NOP/NOP + users have accumulated a mileage of 1 billion kilometers, and have become the first Pilot Assist product in China with a total mileage of 1 billion kilometers.

　　It is reported that in September 2020, NIO released China’s first pilot assistance driving product NOP; in October 2022, NIO released enhanced pilot assistance NOP +; in September 2023, NOP + entered the urban area from high speed, and the global pilot assistance NOP + achieved full coverage of high-speed, urban, parking and power exchange scenarios; in April 2024, NIO pushed the global pilot assistance NOP + urban route to all users of the second-generation platform.

　　In terms of user accumulated mileage, in September 2023, the total mileage of NIO pilot auxiliary driving users reached 500 million kilometers, which took 3 years; on June 10, 2024, the total mileage of pilot auxiliary exceeded 1 billion kilometers, which took only 273 days. Previously, NIO released the intelligent driving operation report in May. In May, the intelligent driving mileage of users exceeded 100 million kilometers in a single month, of which the pilot auxiliary driving mileage reached 76.94 million kilometers, accounting for 72.7% of the intelligent driving mileage. At present, NIO has more than 520,000 intelligent driving users. The total mileage available for intelligent driving road verification exceeds 1.39 million kilometers, of which the urban area can be used for more than 1.03 million kilometers, covering 726 cities across the country. (Compiler/Autohome Zhouyi)

Li Shufu, Chairman of Geely (data map)

　　　The car madman rebuked the reporter for asking questions on the spot.

　　　On March 19th, Geely Group organized domestic journalists to visit the automobile production bases it invested in recent years. Including the bases visited this time, Geely has built eight automobile bases in China, costing tens of billions of yuan. As a private enterprise with such a large-scale and intensive investment, its capital problem has been concerned by the media. After a few days’ visit, Li Shufu, chairman of Geely, was angry when faced with questions from media reporters about funds, and said on the spot that he would blacklist the questioning media. Subsequently, Li explained some sources of funds for the base construction, and revealed that Geely Automobile currently has a debt of more than 10 billion yuan.

　　　　desperately pursuit surprising lines

　　　　On March 19th, Geely Group invited many automobile media to visit its Ningbo base, Linhai Research Institute, Haoqing Company and Hangzhou headquarters. On March 22nd, Geely held a press conference for senior journalists.

　　　　At the meeting, many reporters mentioned Geely’s financing channels. One of the reporters asked: "At present, Geely is expanding rapidly, and the sales situation is not enough to supplement its funding gap. How did Geely develop into such a scale? I hope Geely will disclose its financing channels and capital operation methods." "Geely is very difficult at present and needs to lay a foundation and practice internal strength." Li Shufu avoided these problems with his usual diplomatic rhetoric.

　　　　However, the hot issue of Geely’s financing channel has not disappeared. A professional financial media reporter then made a request, hoping that Chairman Li Shufu would talk more about facts and less about opinions, and asked Li Shufu to give a specific explanation on Geely’s current difficult problems.

　　　　Who would have thought that as soon as his voice fell, Li Shufu was furious: "The media is not a court, a procuratorate, or a public security bureau. The media has no right to investigate us. Why should I make it clear to you? If you think you are a public security bureau, you should not sit here today. I invite you here today, not to disclose the financial statements to you." Yu Nu Li Shufu’s chest fluctuated sharply.

　　　　Li Shufu’s sudden rage made the forum silent.

　　　　"Didn’t this reporter have a problem just now?" Wang Ziliang, a spokesperson for Geely Automobile, was embarrassed to mediate the atmosphere.

　　Private car owners who occasionally take orders said that if the insurance premium rises across the board, they will withdraw from the online car-hailing platform

　　■ Our reporter, Leng Cuihua

　　Recently, the legalization of online car-hailing has attracted great attention from the society, and this change will also have a significant impact on the auto insurance industry.

　　"Most of the current online car-hailing vehicles are insured as private cars, and the insurance premium is low, but in the event of an accident during operation, it is easy to cause claims disputes. After the legalization of online car-hailing, this phenomenon will change." A vehicle to everything company official pointed out.

　　According to the new policy, the network about the car must have the relevant insurance of the operating vehicle, the industry after calculation that this means that at least 10 million car insurance premiums will rise sharply, but claims disputes will be reduced, at the same time, some drivers who rarely take orders may withdraw from the network about the car platform.

　　Industry experts also predict that with the development of online car-hailing, relevant data will continue to be enriched, and insurance companies can also develop new auto insurance varieties for this market segment to better achieve differentiated pricing of auto insurance.

　　Vehicle nature changed to operation

　　Double the insurance premium

　　With the release of the Interim Measures for the Management of Online Booking Taxi Business Services on July 28, the long-controversial online car-hailing has finally officially ushered in legal status, and travel methods such as carpooling and ride-hailing have also been encouraged.

　　"Now we finally don’t have to worry about the police fines. In the past, we didn’t dare to go to’high-risk ‘places such as train stations and airports. When we met passengers who wanted to go there, we had no choice but to cancel the order." Zhang Ming (a pseudonym), a driver who has been engaged in Didi taxi for almost two years, said that after the legalization of online car-hailing, he will feel more at ease when he starts this job.

　　According to the above-mentioned "Interim Measures", online car-hailing business services refer to the business activities of building a service platform based on Internet technology, integrating supply and demand information, using qualified vehicles and drivers, and providing non-cruise rental car services.

　　Regarding the business behavior of online booking vehicles, the above-mentioned "Interim Measures" stipulate that the online car-hailing platform company shall ensure that the vehicle providing the service has the legal operating qualifications, is in good technical condition, has reliable safety performance, and has the relevant insurance for the operating vehicle. It shall ensure that the vehicles providing the service online are consistent with the vehicles actually providing the service offline, and report the relevant information of the vehicle to the administrative department of the taxi where the service is located.

　　"This means that if private car owners want to continue to engage in online car-hailing operations, they must purchase operating vehicle insurance." An industry insider told the Securities Daily reporter that this is necessary to protect the rights and interests of consumers. If there is a problem with online car-hailing, the interests of passengers can be better protected, and there will be no phenomenon of insurance companies refusing to pay, but it also means that the insurance premiums of most cars currently registered on online car-hailing platforms will rise sharply.

　　The person in charge of automobile insurance operation of a property insurance company told reporters that under normal circumstances, the insurance premium of the operating car is 1.5-2 times that of the non-operating car.

　　According to the "2015-2016 Mobile Travel Employment Promotion Report" released by Didi Chuxing, as of April this year, the number of drivers on the Didi platform for express cars, ride-hailing and chauffeured vehicles exceeded 13.30 million. At the same time, according to media reports, Ryan Graves, head of Uber’s global operation department, said that at present, the total number of its global drivers has reached 1 million, and the development scale in China is very large. There are 46,000 Uber drivers in Chengdu alone. The person in charge of Yidao Yongche revealed in May this year that the number of drivers and car sources of the car-hailing platform has exceeded one million. In addition, our country also has multiple online car-hailing platforms such as Shenzhou Special Car and Shouqi Car-hailing.

　　According to industry insiders, excluding those vehicles that have purchased insurance according to the operating vehicle, after the "Interim Measures for the Management of Online Booking Taxi Business Services" was officially implemented, it is conservatively estimated that more than 10 million car insurance premiums will rise sharply.

　　Regarding the impact of rising insurance premiums, the Securities Daily reporter conducted a random interview. The owner, Mr. Chen, said that he is now running a full-time online car-hailing rental. After the legalization of online car-hailing, the vehicle must be insured according to the operating vehicle. Although the cost has risen, it should still be acceptable, which also eliminates the worry of illegal business. The owner, Mr. Dou, said that although he has registered a driver on the Didi platform for one year, he has not really launched a rental business. Even if he takes orders, he only takes orders occasionally. If the insurance premium will also rise sharply, he will definitely cancel the registration and withdraw from the platform.

　　In fact, the reporter found in the interview that most of the people who are currently full-time express drivers said they can accept the adjustment of insurance premiums, while part-time drivers said it is difficult to accept that car insurance is completely in accordance with the insurance premiums of operating vehicles.

　　Car insurance for online car-hailing

　　Expected to be born

　　In fact, in order to protect the interests of passengers, before the official legalization of online car-hailing, there were already online car-hailing platforms that purchased traffic accident insurance, seat insurance and other insurance for ride-hailing users. Industry experts believe that after the official legalization of online car-hailing, insurance companies can also develop new products according to market changes. And with the popularity of online car-hailing and the accumulation of relevant data, personalized products specifically for online car-hailing are expected to appear in the car insurance market in the future.

　　Relevant research reports point out that there are auto insurance companies in the United States that have partnered with Uber to launch "time-division + billing" insurance services. Private cars that join Uber are divided into several different time periods during the driving process, including the "personal use period" when the APP is closed, the "first time period" when the APP is opened but the passenger is not matched, the "second time period" when the passenger is matched, and the "third time period" when the passenger gets on the bus until the time of getting off. The insurance premium for the first two time periods is borne by the owner, while the commercial insurance for the second and third time periods is purchased by the Uber platform. The insurance for the part of the insurance premium paid by the owner can also be different according to the age of the car and the number of accidents.

　　In October last year, Didi Chuxing and Ping An Property and Casualty Insurance jointly launched "Didi Platform Sidi Accident Comprehensive Insurance", covering drivers and passengers of the platform’s special cars, express trains, hitchhikers, buses, test drives and enterprise-level businesses. The maximum single insurance amount can reach 1.20 million yuan, and the insurance is uniformly insured by the Didi platform. The relevant person in charge of Didi Chuxing also revealed that the platform is exploring cooperation with the government and insurance companies to develop new insurance products suitable for mobile travel services. While providing high-quality services, it effectively protects the safety of people’s lives and property.

　　There is already a market demand for new insurance products. The person in charge of auto insurance of a property insurance company told the Securities Daily that although some car owners are registered as express drivers on the Didi Chuxing platform, they are not full-time operators and only commute to get off work or take orders on the way. In this case, it is not cost-effective for car owners to increase insurance premiums significantly, which is also one of the reasons why car owners who join the platform are unwilling to change the use of vehicles. According to the aforementioned "Interim Measures", online car-hailing must change the nature of the vehicle. In this case, can insurance companies develop new products? He thinks it is possible, for the occasional car owners who take orders, the frequency of their cars has not increased significantly, the risk of using the vehicle itself is not much different from that of ordinary private cars, but the risk of people in the car is greater than that of ordinary private cars. For such vehicles, insurance companies may develop market-segmented products, even if they are all operating vehicles, their insurance premiums will also reflect differences according to different circumstances.

　　"Online car-hailing has its particularities, and insurance companies can set prices differently, but this requires the support of relevant technology and data. In the future, there will be a lot of room for cooperation between insurance companies and online car-hailing platforms," the head of an Internet car insurance platform told Securities Daily.

In recent years, under the leadership of Geely, Chang’an, BYD and other brands, China’s automobile industry has been on the rise. How can we enhance cultural confidence while improving product strength? The leaders of independent brands represented by Geely have begun to make efforts to promote Chinese culture.

On the evening of December 3, in the impassioned speech of "Honghu Zhi", a wonderful night of Chinese culture and technology that integrates Chinese culture with modern technology and dance art opened in Zhengzhou. It not only represented the official opening of Geely’s "China Star · Cultural Tourism China Exploration Plan" Henan Station, but also announced the official listing of China Star Smart Dual-Engine Flagships. Among them, the official guide price of Xingrui L Smart Engine is 126,700 yuan – 146,700 yuan, while the official guide price of Xingyue L Smart Engine is 167,700 yuan – 177,700 yuan. If you buy the above models before 24:00 on February 9, 2024, you can also enjoy a reduction of 3,000 yuan in New Year’s red envelope benefits.

Henan is the center of the Yellow River civilization and the culture of the Central Plains, bringing together the diverse cultures of the east, west, north and south and the profound traditional art heritage. This time, the final station of the "China Star Cultural Tourism China Exploration Program" in 2023 landed in Henan, which is not only a retrospective of technology to culture, but also a leap of technology to pay tribute to civilization. This immersive audio-visual feast of innovation and integration of traditional Chinese culture and modern technology vividly interprets China Star’s ambition to "make fuel vehicles leap into a generation and continue to lead the value of Chinese automobiles upward", and also fully demonstrates the self-confidence of Chinese culture and Chinese automobiles.

With the support of the three core technologies of 1.5TD four-cylinder hybrid engine, 3-speed intelligent frequency conversion DHT and X · System intelligent control system, China Star Intelligent Dual Engine has entered the 4-liter era. Among them, Xingrui L Intelligent Engine’s zero-hundred acceleration is only 7.5 seconds, and the fuel consumption of 100 kilometers of WLTC is as low as 4.22L. Xingyue L Intelligent Engine’s zero-hundred acceleration is 7.9 seconds, and the fuel consumption of 100 kilometers of WLTC is 4.79L.

In terms of smart cabin, China Star Intelligent Dual Engine has the smartest "brain" and "neural networks" in the same class, and the whole system is equipped with a new generation of Geely Galaxy OS 2.0 system and Qualcomm Snapdragon 8155 chip as standard, which makes the cabin silky operation, giant screen interaction and luxury configuration leap to a generation. In terms of smart driving, Xingyue L Intelligent Engine is the only NOA intelligent pilot hardware system in the same class, integrating 26 high-performance sensors and centimeter-level high-precision maps, which can realize functions such as automatic on and off ramp, lane change overtaking, curve deceleration, lane change dodge, avoidance of large trucks, and automatic speed control of confluence. Xingrui L Intelligent Engine is also equipped with L2-level intelligent driving assistance system as standard in the whole system.

In the past November, Geely Automobile sold 200,079 units, an increase of 11% month-on-month and a year-on-year increase of 38%. Monthly sales exceeded the 200,000 mark for the first time, setting a record high for three consecutive months. Among them, Geely "China Star" composed of Xingrui and Xingyue L exceeded 40,000 units in November.

Cover reporter, Liu Nian

At the Xiaomi 5G new product launch conference held on September 24, Xiao Ai 3.0 was officially unveiled! At the press conference, three new functions of Xiao Ai 3.0 were announced: natural continuous voice dialogue, male version of Xiao Ai, and AI phone assistant. Let’s have a sneak peek:

Natural Continuous Speech Conversation

The brand-new Xiao Ai Classmate 3.0 realizes natural continuous voice conversation (full duplex) for the first time on the mobile phone. Now Xiao Ai Classmate can:One wake-up call, continuous conversation, and interruption at any time.As long as you wake up Xiao Ai once, you can speak voice commands continuously, and you can interrupt at any time to issue new commands. (The interrupt function at any time supports Xiaomi 9Pro 5G version and Xiaomi 9, and more models are constantly being covered)

At the same time, Xiao Ai also supports the voice point takeaway functionWhen using Xiao Ai Classmate 3.0 to order McDonald’s, you don’t need to rummage back and forth through the menu. You can directly say what you want to eat and modify the dishes at any time with your voice. Lie in bed and move your mouth to buy the food you want.

The male voice version of Xiao Ai Classmate is sunny and energetic, and the warm-hearted teenager is accompanied by the long-awaited Xiao Ai Classmate male voice package is released. Users can set it in the Xiao Ai Classmate APP according to their preferences, and freely switch between male or female voices. In the future, in addition to lively and cute sweet girls, you can also chat with sunny and energetic green onion teenagers. (The new male voice is currently in dogfooding, and it is expected to start the closed beta of rice noodles soon, which will be officially released in Xiao Ai Classmate 3.0.)

"AI Phone Assistant"

The smarter Xiao Ai student transforms into an "AI phone assistant", so that you don’t miss every important call.

When it is inconvenient for you to answer in a meeting, class, etc., she can recognize the content of the call and present it to you in text. You just need to tap the intelligently generated reply, and Xiao Ai will convert the reply into voice and convey it to the other party.

Outside the press conference, the new generation of Xiao Ai 3.0 has more changes

Support full-screen browsing, and even longer content can be easily read. When using Xiao Ai 3.0, all the places you can see and click on the page can be operated by voice commands. For example, to listen to music, you can easily select songs, cut songs, collect and play songs with voice commands without tapping the mobile phone screen, and you can directly switch versions, such as "I want to listen to the live version".

(Currently supports listening to music, finding videos, looking up recipes, listening to audio programs and other scenes, and will expand to more scenes in the future)

All kinds of practical information, call at any time in one sentence. Be your intelligent input assistant, help you enter receipt information, current location, poisonous chicken soup, and greetings in one sentence. Intelligent voice input can be enabled in MIUI 11 input method settings.

The new design has a new look, bringing a new visual and experience. The ball design is more flexible, the guide bubbles are more colorful, the content display is more focused, and the full-screen browsing is more immersive. Xiao Ai Classmate 3.0, a new design, brings you a new experience.

Often lost and forget where to put your phone? With Xiao Ai 3.0, you don’t have to worry about this problem anymore. When you need to find your phone, shout "Xiao Ai where are you" within a few meters, and Xiao Ai in the phone will answer you. At the same time, the phone will vibrate, flash, and play animations on the screen. Enter your voiceprint when you turn on this function, so you don’t have to worry about other people’s misoperation or mischief. (The voice phone finding function currently supports Xiaomi Mi 9 Pro, and more models are being covered)

No matter what kind of mobile phone you have, as long as you have Xiao Ai, after logging in to the same account on Xiaomi TV, you can turn Xiao Ai into a TV remote control, which can not only turn on or off the Xiaomi TV around you through voice commands, but also support voice search, anthology, playback, pause and other functions.

Xiao Ai Shortcut 2.0, the page is more concise, the card is clear at a glance, and long press the card to easily edit. The key information is displayed directly on the cover, and the information you pay attention to can be reached with one click anytime, anywhere. Tap the AI button on the left side of the mobile phone to evoke Xiao Ai Shortcut, and really do just a click away. (Currently supports Xiaomi MIX3, Xiaomi Mi 9, and Xiaomi Mi 9 Transparent Exploration Edition, and more models are constantly being covered)

　　Nowadays, music variety shows such as "Summer of the Band" are not available, but watching music shows on TV always seems to be just passable. This is because under the trend of "thinner and lighter" TV, some brands choose the built-in small-size speaker unit in order to pursue the ultra-thin body. The listening experience is disappointing, and it is difficult to produce surround immersion sound effects, so it cannot resonate with the audience.

　　Casarte conquered the problem of sound quality and thickness, bringing ultra-thin and good sound quality. Casarte Mural TV not only has the best 5.2.2 sky sound in the industry, but also cooperates with 122W
The combination of super-high-power speakers and independent audio perception processing chips has raised the level of TV sound quality to a new level. At the same time, it integrates true art and technology, and transforms the TV into a mural through zero-paste design and flat-mount technology, creating a more artistic and technological living space for users.

　　　　Sound quality and thickness are difficult to balance? Casarte TV brings ultra-thin and good sound quality

　　When users buy a TV, they are nothing more than considering the two levels of "sound and painting". However, looking at the technological development of the TV industry, the image quality has changed from SD and high definition to the current 4K and 8K ultra-high definition, opening the door to "new horizons" for users. However, the development of sound quality is difficult to break through, and it has become a shortcoming of TV technology change. In order to pursue ultra-thin bodies, some brands choose built-in small-size speaker units, resulting in poor sound bass, good sound quality and ultra-thin appearance are difficult to balance.

　　Nowadays, under the trend of ultra-thin TVs, the space of TV audio boxes is too small, which leads to these four factors affecting the sound quality of TVs: First, the configuration of sound units, such as the limited configuration of sound units, cannot ensure that the sound forms enough reflections in the cavity, resulting in too much noise or not enough sound. Second, the audio power, the more powerful the speaker can release higher sound clarity and better sound effects; third, the sound quality processing chip, intelligently optimize the sound source and transmission method, effectively improve the sound signal strength, and the sound is more powerful. Fourth, the influence of the sound field, the sound emitted by the TV will be continuously reflected by the wall, ceiling and furniture before entering the ear. Only with a high sound field adjustment ability can users upgrade the immersive surround sound experience.

　　In order to overcome the problem of TV sound quality and thickness, Casarte has undergone 5,000 hours of research and development and 1,000 acoustic simulation tests to solve three major challenges in the industry.

　　First of all, in the audio speaker arrangement, Casarte TV boldly dismantles the main board of the whole machine, prioritizes the placement of the speaker position and the speaker position is all forward, breaking the current industry example of the bass speaker vibrating backwards through the wall, and raising the level of TV audio configuration. It also avoids the embarrassing appearance design of ordinary TV under thick and thin.

　　Secondly, the TV sound quality level is full in the audio and picture configuration. Through 2 super audio 31 sound units, 9 cabinets are formed to complete the 50-60Hz bass band that is currently missing in high-end TVs, and refresh the 122w super power speaker. Bring the best 5.2.2 sky sound in the TV industry, and inject soul into the picture. Finally, through the independent audio perception processing chip, the independent switch gain control of each channel, intelligently optimize the adjustment of YPAO
V2.0 three-dimensional sound field, obtaining richer sound field effects, presenting users with immersive high-level surging sound.

　　　　More artistic living space, more technological wisdom family

　　In the trend of integrated home space, TVs must have both functional attributes and artistic taste. Casarte TV believes that sound quality is the soul of the picture, and aesthetics is the core of the living room to create a more artistic appearance. In terms of design, the thickness of the mural TV is only 49mm, and the design as thin as a mural can be perfectly integrated into the home environment; on the built-in, through the Residence Art Museum APP, there are a large number of built-in artworks for consumers to choose from. You can choose Monet’s world of light and shadow or Picasso’s abstract paintings to add a touch of color to the beauty of the home, so that it is a TV when turned on and a work of art when standby.

　　While Chat GPT opens up more imagination space for artificial intelligence, Casarte TV also opens up imagination space for home wisdom scenes. It is not only a member of the smart living room scene, but also the entrance and brain of the smart home. It can be connected with
More than 9,000 smart home appliances are interconnected, enabling one-screen connectivity for the whole family. They can also be connected to the whole house scene, providing whole-house air, whole-house water, smart living room, and smart kitchen solutions, allowing users to experience the beautiful life of the digital intelligence era.

　　For example, when you sit on the sofa and start watching a movie, the TV will automatically resume the content you didn’t watch last time. Users don’t have to get up to control the water heater by voice, and start preparing water according to the temperature you are used to. The heating progress can also be monitored in real time by Casarte TV, and the operation status of the whole house appliances is under control.

　　The original intention of choosing TV is to enjoy the audio-visual experience of audio-visual integration at home. The need for upgrading sound quality technology should also be the focus of brand attack. Among many brands, Casarte TV has not only solved the problem of sound quality with its own technological advantages, but also created a mural TV with artistic and technological sense for users, leading the innovation direction of the industry, and also expanding new growth space for high-end TV.

Hengda listed companies that have attracted much attention have the latest developments.

On the evening of October 2, China Evergrande and Evergrande Properties, which were temporarily suspended for two trading days, announced that they would resume trading at 9 am on October 3.

China Evergrande said it had released news on the evening of September 28 that Xu Jiayin, chairperson of the company’s board of directors, had been taken coercive measures on suspicion of illegal crimes. The company’s board believes that there is no other inside information to be released at present, after the company briefly suspended trading on the morning of September 28.Now I am applying to the Hong Kong Stock Exchange to resume trading in the company’s shares at 9 am on October 3.

01

China Evergrande and Hengda Properties will resume trading

The impact of coercive measures on the stock price of a company’s board chairperson will be known tomorrow.

On the evening of October 2, China Evergrande announced in the Hong Kong Stock Exchange that the company issued an inside information announcement on September 28, 2023. The company received a notice from the relevant departments that Xu Jiayin, the executive director and chairperson of the board of directors of the company, has been subject to compulsory measures according to law due to suspected illegal crimes. The board of directors believes that there is no other inside information of the company that needs to be announced at present. The shares of the company will be suspended from trading on the Hong Kong Stock Exchange from 9:00 am on September 28, 2023. The company has applied to the Hong Kong Stock Exchange to resume trading in the company’s shares from 9:00 am on October 3, 2023.

Similar to China Evergrande, Evergrande Property announced in the Hong Kong Stock Exchange on the evening of October 2 that the board of directors believes that the company’s operating conditions are normal and there is no other inside information that needs to be announced. Trading in the company’s shares will be suspended on the Hong Kong Stock Exchange from 9:00 am on September 28. Evergrande Property has applied to the Hong Kong Stock Exchange to resume trading in the company’s shares from 9:00 am on October 3.

It is worth noting that Evergrande, which is in the process of leading the war to increase its capital, has not issued a similar resumption announcement.

02

It was briefly suspended due to the arrest of Xu Jiayin

Looking back, because Hengda founder Xu Jiayin was forced to take measures, Hengda’s three companies resumed trading after more than ten months of suspension, and were briefly suspended. On the morning of September 28, the Hong Kong Stock Exchange announced that China Hengda, Hengda Property and Hengda Automobile had disclosed announcements and temporarily stopped trading at 9 am that day.

According to public information, "short-term suspension" refers to the interruption of the issuer’s securities trading for no more than two trading days as required or instructed, and the short-term suspension of trading for more than two trading days automatically becomes a suspension.

It is worth mentioning that it did not take long for the three "Evergrande" companies to resume trading. On July 28, Evergrande Automobile became the first "Evergrande" listed company to resume trading; on August 3, Evergrande Property resumed trading; on August 28, China Evergrande, which has been suspended for 17 months since March 21, 2022, resumed trading "on the spot" to remove the risk of being delisted and delisted.

Therefore, in terms of time, if the Hong Kong Stock Exchange opens on October 3, China Evergrande’s failure to resume trading will become a long-term suspension.

On September 27, the Hong Kong stock "Evergrande" stock price plunged across the board. As of the close of the day, China Evergrande fell 18.99% to HK $0.32/share, with a total market value of 4.225 billion Hong Kong dollars. Evergrande Automobile fell 20% to HK $0.56/share, with a total market value of 6.073 billion Hong Kong dollars. Evergrande Property fell 14.49% to HK $0.59/share, with a total market value of HK $6.378 billion.

　

On the evening of September 28, the reasons for the temporary suspension of three Hengda companies were revealed: China Hengda received a notice from the relevant departments that Xu Jiayin, the executive director and chairperson of the board of directors of the company, had been taken compulsory measures according to law for suspected illegal crimes.

Before this, China Hengda also had a bad news, its update overseas workout news said that in view of the subsidiary Hengda Real Estate is being investigated, China Hengda is currently unable to meet the issuance qualification of new notes.

On October 3, China Evergrande and Hengda Property resumed trading, which may be one of the focuses of the market.

　　The 4th World Internet Conference brought the world’s Internet "big coffee" people together again in Wuzhen, a beautiful water town. Digital economy, artificial intelligence, sharing economy, technological change… What do the "big coffee" people think about these hot topics of the Internet?

　　Alibaba Chairperson Ma Yun: In the face of new technologies, it is better to be responsible than to worry

　　Photography/Xinhua News Agency reporter Meng Dingbo

　　"In cyberspace and the digital economy, it is better to be responsible than to worry. In recent years, almost the whole world has been filled with worries about the new technology era and technology, worried that machines will take away job opportunities, worried that machines will control human beings, worried that human beings will be destroyed in their greatest inventions. In fact, new technologies do not make people unemployed, but allow people to do more valuable things, let people not repeat themselves, but to innovate, and let people’s work further evolve. I believe that machines will make people’s work more dignified, more valuable and more creative."

　　Apple CEO Cook: Injecting humanity into technology

　　Photography/Xinhua News Agency reporter Zheng Huansong

　　"A lot of people talk about the downside of artificial intelligence, but I’m not worried about robots thinking like people, I’m worried about people thinking like machines. So we have to humanize technology, we have to infuse our values into technology, and that’s our commitment to our families, to our communities, to each other. We need to make the most of this historic opportunity, we need to give technology the value it deserves, we need to be open, we need to be confident, we need to be creative, we need to protect all people, and we look forward to working with our friends in China and partners around the world to make sure that these efforts and achievements we make can be created around the world."

　　Pony Ma, Chairperson of the Board of Directors of Tencent Holdings: To be a driver of new technologies

　　Photography/Xinhua News Agency reporter Weng Xinyang

　　"New technologies represented by artificial intelligence, cloud computing, and big data have begun to drive deep changes in all walks of life. In the face of a new round of technological and industrial revolution, Chinese companies used to mainly play the role of followers of new technologies, but today we hope to become drivers and contributors of new technologies, and develop together with global partners. Today, every person, every enterprise or organization is closely connected through digital technology and is part of the" community with a shared future in cyberspace ". At present, various new challenges emerging in this" community with a shared future "require the government, industry partners, and all sectors of society to explore, build and govern together."

　　Zhihu founder and CEO Zhou Yuan: May knowledge illuminate everyone

　　Photography/Xinhua News Agency reporter Huang Zongzhi

　　"The development of the Internet has made knowledge sharing extremely convenient, and it has also made knowledge sharing accessible to all people. Knowledge sharing that goes beyond the traditional elite concept will be the best solution to promote sustainable social development. Knowledge platforms like Zhihu have the potential to become a new generation of knowledge infrastructure, where everyone can share their views in their professional fields, and everyone can access a variety of knowledge. Knowledge is no longer distant, and it is no longer only in the hands of a few people. This is no longer just a matter of commercial value. It also has great social value. May knowledge illuminate everyone and discover the bigger world together."

　　JD.com CEO Liu Liu: drones solve the last mile problem of rural logistics

　　Photography/Xinhua News Agency reporter Huang Zongzhi

　　"Logistics leads to poorer, more remote and backward areas, and the value of industrial products that consumers have to pay is much higher than that in wealthy areas such as Beijing and Shanghai. At the same time, because of high logistics costs, a large number of high-quality agricultural products cannot leave the village. After they come out to Beijing and Shanghai, the price is so high that consumers cannot spend it. We have spent 10 years to build a huge logistics network covering the whole country. We are also investing a lot of money in developing the latest logistics technology, the most important of which is drones, which is to solve the problem of the last mile of rural logistics."

　　Lenovo Group Chairperson and CEO Yang Yuanqing: The digital economy represents the future

　　Photography/Xinhua News Agency reporter Weng Xinyang

　　"I don’t think the digital economy can be overdone, because it represents the future. It is because of digitalization and the development of the network that we can generate a large amount of data, and the data empowered by the network will bring intelligence to all walks of life. With data collected from intelligent end points, with the computing power of new infrastructure, with continuous learning and improvement algorithms, we can perceive and understand our world more accurately, make more intelligent judgments and decisions, so that our lives are more convenient and colorful, our work is more accurate and efficient, and our society is more harmonious and orderly."

　　Cheetah Mobile CEO Fu Sheng: AI (artificial intelligence) helps you live easier

　　Photography/Xinhua News Agency reporter Weng Xinyang

　　"The connection of AI, or super AI, is everywhere. If you think of cars as our connection to tools, to travel, AI is actually a connection of brain power and information. Today AI can do what God once imagined, doing differently to everyone. A supercomputing entity grows naturally on a global scale. Everyone’s brain power, your own preferences, your own characteristics, your own habits, all your data can be used by a super brain to help you live better and easier."

According to the official news of Gongxin Weibo, the Ministry of Industry and Information Technology attaches great importance to the protection of users’ rights and interests, and continues to carry out special rectification actions for mobile Internet applications (APPs) infringing on users’ rights and interests, and constantly improve the application service environment of APPs. In view of the illegal collection of users’ personal information by some cracked apps reported at the "March 15" party, we immediately organized verification, and severely investigated and dealt with it according to the Personal Information Protection Law, the Regulations on the Protection of Personal Information of Telecommunications and Internet Users and other relevant laws and regulations.

First, organize the application distribution platform, e-commerce platform and search platform to quickly investigate the exposed apps such as "bilibili Cracked Edition 2021", "Baidu Netdisk Cracked Edition" and "Cool Dog Cracked Edition" and other cracked versions. Up to now, a total of 436 illegal download links from informal channels have been handled. The second is to organize relevant communication administrations to investigate relevant clues and deal with illegal subjects according to law. The third is to draw inferences from others, organize professional testing institutions to carry out special testing on APP and software development kit (SDK), resolutely investigate and deal with the problems found, and inform the public in time.

In the next step, the Ministry of Industry and Information Technology will continue to take effective measures to further build a security line and effectively strengthen the protection of personal information of telecommunications and Internet users. First, supervise the relevant Internet platform enterprises to implement the main responsibility, intensify inspection and investigation, and timely discover and clean up illegal apps. The second is to strengthen the detection, supervision and inspection of APP and SDK technologies, increase the handling and exposure of problems, and continue to maintain high-pressure shock to violations of laws and regulations. The third is to deepen the upstream and downstream chain governance of application services such as APP and SDK, strengthen management and standardization, and create a good service environment. The fourth is to cooperate with relevant departments to intensify the crackdown on illegal acts such as infringement and piracy of cracked APP, guide the downloading of APP from formal channels, and safeguard the legitimate rights and interests of users.

Last night, the 315 party reported that many consumers were greedy for cheap, and they used these cracked apps for free, just like installing "monitoring" on their mobile phones and burying "mines", which was extremely risky. A cracked version of a video App, testers found that it was additionally embedded with three third-party plug-ins unrelated to the official version, namely SDK software package. As long as it runs, these three extra SDK packages can quietly steal personal information from the user’s mobile phone, from the hardware address of the internet to the identification number of the mobile phone device, to the identification number of the calling card, and even the identification number of the mobile phone operating system, all the key identification information of the user is wiped out.

As long as we master 2-3 kinds of information, even if the user changes his mobile phone or phone number, it can accurately lock the user, capture and track the user’s dynamics in real time, and form an accurate portrait of the user, thus pushing a large number of advertisements and realizing traffic realization. What’s more, a cracked music App can also monitor the user’s call status.

He Yanzhe, deputy director of the evaluation laboratory of Netan Center of China Institute of Electronic Technology Standardization, said that from the test results, we can see that he will send the user’s call status and the user’s logo, including his accurate portrait, even overseas, which may become an important data source for overseas telecom fraud groups to conduct accurate fraud. Once these data flow into the black market, it may be used repeatedly.