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Hongqi Guoya’s latest offer

Hongqi Guoya’s latest offerBetween 1.08 million yuan and 2.08 million yuan., the specific price range is as follows:

The price of the 3.0T model is expected to be between 1.1 million yuan and 1.2 million yuan, of which the entry-level model is priced at about1.08 million yuan, the high-end version is priced at about1.18 million yuan. The price of the 4.0T model is between 1.3 million yuan and 1.46 million yuan, of which the five-seat version is priced at about1.3 million yuan, the four-seat version is priced at about1.46 million yuan.

Hongqi Guoya’s market positioning is higher than that of Mercedes-Benz S-Class sedan, and it may even compete with luxury brands such as Bentley or Rolls-Royce, showing its high-end market positioning.

2024 Beijing Auto Show： Extreme Yue 07 will be delivered in the second half of the year.

　　[car home New Car Launches] At the 2024 Beijing Auto Show, (|) made its debut, and the new car is the second mass-produced model of the brand. Combined with the previous news, Extreme Yue 07 will be officially listed in 2024, and both voice and intelligent driving will be upgraded to 2.0 model in the third quarter of 2024, and the software level will be upgraded in the form of "Yuegeng". In addition, in 2024, Extreme Vietnam will also open PPA in 200+ cities across the country to improve travel convenience.

Home of the car

Home of the car

　　In terms of appearance, the front face of the new car adopts the common closed design of electric vehicles, the Y-shaped headlight group has good visual impact, and the front face of the whole car also has good recognition. The new appearance of green color matching is very recognizable.

Home of the car

　　Extreme Yue 07 is equipped with intelligent AI pixel headlights and voice functions inside and outside the car, allowing users to communicate and express their emotions humanely with AI intelligent partner SIMO. Extreme Yue 07 is also equipped with the first pure visual intelligent driving technology in China.

Home of the car

Home of the car

　　Coming to the side of the car body, the new car adopts the design of sliding back coupe, with coordinated overall proportion and smooth outline lines. The hatchback coupe body with strong sense of movement creates a feeling of being ready to go, and it looks quite atmospheric. In terms of details, low wind resistance rims with small-sized exterior mirrors and hidden door handles are all making efforts to optimize wind resistance.

Home of the car

Home of the car

　　The slender through taillights make the rear of the new car have a good sense of science and technology. The taillights are Y-shaped on both sides to echo the headlight group, and the overall recognition is also relatively high. At the same time, we can also see the camera for visual field assistance on the fender on the side, and sensors such as radar and camera are also installed in many places in the whole car, so this car should have a good automatic driving assistance function from the configuration. The hatchback design will also greatly facilitate users’ camping space, sports equipment loading and leisure breaks and other urban, outdoor, social and sports needs.

Home of the car

　　As for the interior, referring to the previous information, the new car adopts an embracing interior, and colorful atmosphere lights are added. The steering wheel adopts a half-width design, and the car is equipped with a penetrating screen. The interior of the car has a very simple atmosphere, which is in line with the current market trend. (Text/car home Duandi)

Crown refreshed／four models, analyzing the new generation of Toyota Crown

　　The ninth-generation Crown was launched in October 1991. This generation of models was divided into a four-door hardtop version and a higher-end MAJESTA series. The four-door sedan and four-door station wagon of the same period followed the chassis of the eighth-generation Crown, and the appearance was modeled after the ninth-generation Crown. The ninth-generation Crown was revamped in 1993 and the appearance was redesigned. A total of 284,000 cars of this generation of Crown were produced.

Autohome

　　At the end of 1991, the Crown JZS133 (commonly known as: Crown 133), which was converted from the eighth-generation Crown four-door sedan, began to be sold in China. The domestically imported "Crown 133" adopts the Toyota logo on the front and rear, and there is a prominent Crown logo on the engine cover. The car is equipped with a 3.0-liter inline 6-cylinder engine, which is divided into Super Saloon models matching a 5-speed manual transmission and Royal Saloon models matching a 4-speed automatic transmission. This generation of models has a huge number of domestic sales.

Autohome

　　The tenth-generation crown was launched in August 1995, and the models included a four-door hardtop and a four-door sedan, while the four-door travel version continued to be modified on the basis of the eighth-generation crown. In terms of appearance, the tenth-generation crown continued the previous generation’s rounded styling style, but it looked slightly tougher, and the overall atmosphere was still moderate.

Autohome

　　In 1995, Toyota also launched the Crown Comfort model for the taxi market. The car has a shorter appearance length of only 4695mm, a width of 1695mm, a height of 1525mm, and a wheelbase of 2785mm. It is worth mentioning that the Crown Comfort in Japan has external rearview mirrors located on both sides of the fenders. In terms of power, the Crown Comfort is equipped with a 2.0-liter gasoline engine or a 2.0-liter LPG engine, which is matched with a 4-speed automatic transmission or a 5-speed manual transmission. In order to control costs and facilitate maintenance, the car adopts an integrated bridge non-independent rear suspension, and luxury equipment such as LCD dashboard and leather seats have been cancelled.

Autohome

　　In the late 1990s, the 10th-generation Crown JZS155 (commonly known as: Crown 155) model imported into China continued to be equipped with a 3.0-liter inline 6-cylinder engine. The car was equipped with luxury configurations such as rear air conditioning system, rear seat electric adjustment, and rear multimedia control system. The 10th-generation Crown stopped importing in 2001, and the 11th-generation Crown after that was not available in China. Until 2005, the 12th-generation Crown began to be produced in FAW Toyota.

　　　The eleventh-generation Crown was launched in September 1999. The sedan version included the Royal series and the ATHLETE sports series. The station wagon version only had the ATHLETE sports series, and the four-door hardtop model was discontinued. However, this generation of models was only sold in the Japanese market and did not enter the Chinese market.

Autohome

A Brief History of Crowns (Part 2): The 12th generation of domestic crowns began in 2003

The 12th generation was officially put into production in China in 2005

　　In December 2003, the 12th generation Crown was officially launched. This generation of models mainly provides four-door sedans, which are divided into: Royal series and ATHLETE sports series. At the same time, MAJESTA returned to the Crown series, while the 11th generation Crown station wagon continued to be sold. FAW Toyota’s domestic Crown was officially launched in March 2005, with a total of 7 models launched, with a price range of 32.8-48 million yuan. The domestic crown is based on the 12th-generation Crown Royal series. The main differences include: the domestic model initially provided only a 3.0-liter engine, and the direct injection technology was cancelled. Later, a 2.5-liter power version was added. The chassis of the domestic crown was raised by 10mm, and the four-wheel drive version was not provided. It also cancelled the active steering headlights and night vision system. The original engine cover was made of aluminum alloy, and the domestic version was changed to stainless steel.

Autohome

　　Thanks to the good reputation accumulated by the "old crown" imported into China in the early stage, the crown once surpassed the Audi A6L in the early stage of domestic sales. The domestic crown ranked first in the medium and large car market with sales of 2,992 units in the first month of its listing. Two months later, the crown’s order exceeded 10,000 units. By the end of 2006, the crown’s sales volume exceeded 60,000 units, accounting for more than 30% of the premium car market. In 2007, the crown’s annual sales reached 53,104 units.

Autohome

　　In February 2008, the 13th generation of the Crown model was released in Japan, initially launching the Royal, ATHLETE Sport, and MAJESTA models, followed by a Hybrid model. At that time, Toyota established the main competitor of the Crown in the Audi A6, BMW 5 Series, and Mercedes-Benz E-Class models.

Autohome

　　More than a year after the 13th generation crown was released in the Japanese market, FAW Toyota officially made the 13th generation crown domestically. On December 14, 2009, the domestic crown based on the overseas version of the crown MAJESTA model was officially launched. The crown models listed at that time had a total of 2.5L, 3.0L and 4.3L three displacement 9 models, priced 326,800 yuan – 899,500 yuan. This generation of domestic models has been further upgraded compared with the overseas version of the MAJESTA. The main changes lie in the length and wheelbase. The domestic model is 75mm longer than the previous generation of domestic crown.

Autohome

　　On December 25, 2012, the 14th generation crown was officially launched in Japan. This time, the crown released the Royal series and ATHLETE sports series, and also released a new hybrid version of the model. The MAJESTA version has not been launched yet. The shape design of the 14th generation crown has a relatively large change compared to the 13th generation. It adopts a new big-mouth front face design, a flatter and sharper light group shape, and LED daytime running lights are added to the lamp cavity. In addition, the lines of the C-pillar part are also more aggressive, and the lines at the bottom of the side are more layered.

Autohome

　　This generation of domestic crown was first launched at the 2014 Guangzhou Auto Show. Like the previous generation, it is still based on the MAJESTA version of the overseas crown, and the wheelbase is 75mm higher than that of the overseas new generation of crown ordinary version. This generation of domestic models has 2.0T and 2.5L power options, and went on sale on March 12, 2015. At that time, the price range of the model was 27.98-38 5,800 yuan, which is enough for both the overall positioning and the entry price.

　　In 2018, Toyota released the 15th generation model in the local market. The new car offers three power configurations and will be officially released on June 26. At the same time, the official price of the car in Japan was 460.62-718 7,400 yen, which is about 27-420,000 yuan. This generation of models is based on the GA-N rear drive platform under the TNGA architecture. The engine installation position under the new platform is reduced (the center of gravity is reduced by 15mm), and the sportiness is improved. However, this generation of models eventually failed to enter the Chinese market, and the previous generation (14th generation) was discontinued around 2018.

Autohome

Can Crown Lu Fang really continue the legend of the Crown series in China?

Autohome

　　But the crown’s road in China is over? Of course not, although the 15th generation crown was not in the Chinese market, the crown as a "totem" later appeared in a place that we did not expect. At the Shanghai Auto Show in April 2021, FAW Toyota released the sister model of the GAC Toyota Highlander and named it the Crown Land Rover CROWN KLUGER. The car did not hang the Toyota bull’s head logo, but instead used the crown logo, which was outstanding.

■editorial reviewWhat is it?

　　After 67 years and a total of 16 iterations, a new crown family has appeared in front of us. From now on, Toyota Crown no longer just refers to the name of a car, but more comprehensive sub-products give it more partners and stronger strength. Based on the TNGA-K front-drive platform, it uses the same platform as Highlander and the new Camry in the future, and its comprehensive strength is evident. However, from the comments under the official picture news we released yesterday, everyone has mixed opinions on this appearance. As more content is revealed, will you change your opinion on it? As a global model, the new crown will be introduced to China as an imported car in 2022 and sold by FAW Toyota. However, I believe that with the launch of the new crown, more news will be announced one after another. Let’s wait and see.

　　What else do you want to know about the new generation of crown? Or what do you think the price range and competitors are after it is introduced into China, etc. Welcome to the comment area to leave a message, and we will discuss the improvement together. See more exciting content, all in Autohome. (Text/Autohome Zhu Lishen, Zhong Weiqi, Liu Dong)

Huawei’s new generation of flagship mobile phone Ascend P7 officially debuts

[PConline Anhui Railway Station　QuoteAt 8:00 pm ******* time on May 7, Huawei officially released the Ascend P7 in Paris, France. The machine has a 6.5mm ultra-thin body, equipped with a 5-inch 1080P full high definition screen; supports CAT4 LTE network; built-in integrated 2500mAh battery, and supports super power saving mode. Huawei Ascend P7 is available in three colors: black, white and pink. The global version is priced at 449 euros. The first batch will be available in May in more than 30 countries and regions such as the Chinese mainland and Hong Kong, the United Kingdom, Germany, Italy, France and Spain. In the Chinese market, Huawei Ascend P7 will launch mobile, China Uni*****nd telecom versions, and plans to start pre-sale simultaneously at 10:00 am on May 8 in Huawei Mall, JD.com, Tmall Huawei Flagship Store, Suning.com, Gome Online, No. 1 Store, and Amazon. The current pre-sale price is 2888 yuan.

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Huawei Ascend P7 live real picture

6.5Mm ultra-thin body, metal + double glass structure

　　Huawei Ascend P7 adopts a dual-C internal and external integrated design, the body thickness is only 6.5mm, and for the four corners of the phone, it adopts a curved curve design to simulate the natural arc of water droplets dripping down, which can bring a more comfortable grip. Metal body design, plus Corning’s third-generation Gorilla Glass on the front and back this year.

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The front and back of the fuselage are made of Corning’s third-generation gorilla glass.

Super dark light photo + panoramic selfie

　　Huawei Ascend P7 has been fully optimized for mobile phone photography. The rear camera adopts the latest 13 million Sony back-illuminated IMX214 sensor lens, and is equipped with a SLR camera-level independent ISP (image processor). It has the exposure focus separation function only available in professional cameras, and the photosensitive performance is stronger. At the same time, it can perform noise reduction without losing color and detail. It supports manual adjustment of the sensitivity to ISO 800, F2.0 large aperture. This combination makes Huawei Ascend P7 have the most powerful low-light shooting ability in the industry. It can also shoot high-quality photos in very weak light. The P7 front 8 million camera uses a 5-layer aspherical optical lens and blue glass technology, which greatly improves the clarity of the captured picture and avoids the problem of ordinary camera shooting such as purple edge effect and object deformation.

　

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On the basis of hardware optimization, Ascend P7 is equipped with Huawei’s original and patented intelligent image professional image processing engine 2.0, which has in-depth optimization in camera shooting algorithms. For scenes with brighter light sources such as starlight and neon lights at night, Ascend P7 can intelligently judge the shooting scene, adaptively change some control parameters to reduce exposure, avoid overflow of light sources, and shoot more transparent and clear pictures. At the same time, Huawei Ascend P7 also has new optimizations and improvements in shooting experiences such as panoramic shooting, audio photos, and watermark photos. For example, considering the need for news capture in emergency scenarios, the Ascend P7 has designed a 1.2-second high-speed capture function. In the case of a black screen or a locked screen, you can quickly double-click the volume down button to seize the best capture time.

Support CAT4 LTE network + extreme power saving mode

　　Huawei Ascend P7 supports CAT4 LTE network, and adopts a dual-antenna design with both main antenna and diversity antenna, which has stronger signal reception and transmission capabilities in LTE network environment. In addition, Huawei Ascend P7’s intelligent network selection technology can ensure that users are always in the best connection state.

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Huawei Ascend P7 has a built-in 2500mAh lithium polymer battery. In terms of mobile phone power management, Huawei Ascend P7 has added one-click power saving and comprehensive power consumption detection management, which can monitor the operation of the mobile phone background application at any time and choose to close it. In addition, an extreme power saving mode is also added for users. When the power is remaining at 10%, the mobile phone is restored to the function machine mode, and only the function of making calls and sending text messages is retained.

　　In addition, the Huawei Ascend P7 can also be used with the Huawei smart bracelet to monitor sleep quality, manage sports and fitness data, and has functions such as mobile phone anti-theft management, remote photography, and even binding keys and mobile APP through the bracelet to help quickly retrieve keys hidden in corners.[Return to Anhui Quotes Home]

Ren Xianqi bounces up Dongbula’s ＂One Earth＂ and re-walks the ancient Silk Road


Ren Xianqi

　　　 On the 9th, the travel special "One Earth" held a media luncheon and press conference in Hong Kong. The star Ren Xianqi attended to share his experience with everyone, and also performed noodles in person. It is reported that the film focuses on the history, scenery and humanities along the Silk Road, so as to promote the ancient Silk Road. In the film, Ren Xianqi drives an off-road motorcycle to embark on an expedition to re-walk the Silk Road, from Shaanxi to Gansu to Xinjiang. Ren Xianqi also specially donned the Xinjiang flower hat "Dopa" and played the national musical instrument "Dongbula" at the scene, which is quite ethnic.

　　　 Ren Xianqi said that the next time he wants to challenge some ridiculous things that he did not dare to do in his later life, "I will circle around Taiwan next year, and I will participate in the Xinjun Island Cross-Country Desert Endurance Race in September next year. It will be more difficult than I imagined. It is more than 5,000 kilometers long and has passed through the desert terrain. I have already started to exercise." Recently, due to the heavy snowstorm in Inner Mongolia, he also started to shoot "Women of Yang Gate" on Christmas Day. Xiao Qi said: "Our work is not a natural calculation. We stayed at home to accompany our family at Christmas. I also went to buy a Christmas tree. As a result, I was filming in Inner Mongolia in the past two weeks, but Inner Mongolia just encountered a blizzard, and the temperature dropped to more than 40 degrees. Shooting our city gate, the scene blew down." It is reported that in addition to having a rival role with Cecilia Cheung, there are about 50 actresses in the whole film, which can be described as "endless happiness." (Photo and text/Tungstar)

Next page More wonderful pictures

Entering a new era of building cars in an all-round way, BYD’s new generation Tang appeared at the Beijing Auto Show.

　　BEIJING, April 28th (Xinhua) From April 25th to May 4th, 2018 (15th) beijing international automotive exhibition was held in China International Exhibition Center. Wang Chuanfu, chairman of BYD, Zhao Changjiang, general manager of the sales company, and Iger, design director, and other senior leaders attended the auto show. BYD officially announced the pre-sale price of the new generation of Tang, with the pre-sale price of 250,000-300,000 yuan for dual-mode vehicles and 150,000-180,000 yuan for fuel vehicles. Reservations will be accepted nationwide from now on. A new generation of Qin with a new name Qin Pro also made its world premiere at this auto show. In addition, BYD also released the latest concept car E-SEED, the latest DiLink smart ecosystem and e platform. It is worth mentioning that the Song MAX DM version, Yuan EV 360 and other heavy models also made their debut at the Beijing Auto Show. From the current product layout, future product planning direction and car experience, we will consolidate BYD’s industry position as a leader in new energy vehicles with strong strength.

　　The theme of BYD’s auto show is "Building the Future with New Wisdom". This theme indicates BYD’s brand-new strategic thinking and international development vision in the future. "New wisdom" means that BYD actively lays out the whole industrial chain of new energy vehicles, with more than 20 years of technology accumulation, international team, integration of the world’s exquisite car-making resources, all-round development of new energy technologies, intelligent upgrading of manufacturing industry, and comprehensive entry into a new era of car-making. "Controlling the future" reveals BYD’s beautiful vision, with internationalization, electrification and intelligent networking as the technical core, to create world-class quality products, to bring outstanding travel experience to users, and to satisfy people’s yearning for a better life with technological innovation.

　　In this regard, Wang Chuanfu said: "At present, the automobile industry is facing unprecedented changes, and internationalization, electrification and intelligent networking have gradually become a reality from the trend. Standing at the turning point of history, BYD has fully entered the "new era of building cars", taking the lead in launching a new "e-platform" and "DiLink smart ecosystem" in the world, completely reshaping the industry pattern and human travel mode. "

　　The "e-platform" mentioned by Mr. Wang Chuanfu is summed up by a set of numbers as 33111. The two "3s" refer to the drive 3-in-1 plus high voltage 3-in-1. Three ones are a board, a screen and a battery. The drive 3-in-1 is the high integration of the motor, electronic control and transmission of the drive system; High voltage 3-in-1 is the 3-in-1 of DC-DC, charger and distribution box of high voltage system; The first "1" is a PCB board that integrates control modules such as instrument, air conditioner, audio and intelligent key into one; The second "1" refers to an intelligent automatic rotating large screen equipped with "DiLink Smart Ecosystem"; The last "1" is a battery with long life and stable performance.

　　The DiLink smart ecosystem released by BYD at this auto show is also quite bright. Through this system, BYD "transplanted" the mobile phone ecosystem to the car perfectly. According to Mr. Wang Chuanfu, this is an open and inclusive ecosystem, which can connect hundreds of millions of developers, drivers and passengers around the world and integrate the upstream and downstream ecology of the automobile industry (sales, finance, travel, etc.). Throughout the automobile industry, DiLink smart ecosystem will be an unprecedented open system in the automobile industry. Obviously, BYD hopes to build an intelligent networked ecosystem through this system, so that cars can be truly interconnected and human travel modes can be completely reshaped.

　　It is worth mentioning that BYD DiLink smart ecosystem will not only open the in-vehicle information system, but also open almost all the sensors of the car, with a total of 341 sensors and 66 control rights. For example, air conditioning, lighting and other systems can automatically sense and start in advance before the owner leaves; The temperature and sound of the vehicle can also be automatically adjusted according to the scene. By then, the car will no longer be an island of information, but an interconnected ocean anytime and anywhere; It is no longer a cold machine, but a small partner who can listen, speak, watch, have high emotional intelligence and high IQ.

　　Architecturally, DiLink smart ecosystem consists of three parts: intelligent cockpit, cloud service and intelligent entry. The intelligent cockpit is equipped with an oversized rotating screen, and the screen rotation can be controlled by voice, and the screen size can be changed at will according to the preferences of the owner. In addition, the system comes with an open mobile phone ecosystem and a PAD ecosystem, which can pre-install BYD featured applications to further enhance the user experience.

　　In terms of cloud services, users can view the information of more than 100,000 charging piles through the cloud service app provided by them, including the location of charging stations, the number of electric piles, busy and idle status, electricity/service fees, pile exploration information, and some charging stations also have road book information to solve the trouble of not finding a charging station.

　　In terms of intelligent access, BYD’s system can not only unlock the car door, start the car with one button, remotely lock the car, monitor the movement, intelligently remind, share WeChat, find the bracelet and other functions through the intelligent sports bracelet (Cloud Ring APP).

　　At this auto show, BYD’s new generation of Tang and Qin Pro and the latest concept car E-SEED were unveiled. E-SEED is the abbreviation of five words: Electronic, Sports, Experience and Environmental Device. E-SEED is not a passenger car in the traditional sense. It is neither an MPV nor an SUV, nor a car, but a brand-new pure electric vehicle built by BYD.

　　It is worth mentioning that the E-SEED pure electric concept car adopts BYD’s latest DUAL BLADE design language, which was created by the Iger team. This car has a cruising range of more than 600 kilometers under comprehensive working conditions, and is equipped with an electric four-wheel drive system. The acceleration of 100 kilometers takes only 3.9 seconds, and its comprehensive strength is very outstanding.

　　As BYD’s flagship model, a new generation of Tang positioning luxury technology dual flagship SUV. It mainly provides travel services for urban elites, middle and high-level leaders and high-end people with successful careers.

　　The new generation of Tang adopts Dragon Face family Facebook design, and the exterior of the whole vehicle looks simple and atmospheric, and the interior is a benchmark of the same level in terms of workmanship and materials. The center console is equipped with a large LCD screen that can support 90-degree rotation. The new generation of Tang adopts 7-seat layout, and is equipped with intelligent network connection system, full LED headlights, 360-degree panoramic image, ACC adaptive cruise, AEB automatic emergency braking, LDES lane departure warning system, PM2.5 green cleaning system, etc.

　　In terms of power, the new generation of Tang is equipped with a 2.0T plug-in hybrid system. The comprehensive maximum power of the system exceeds 500 horsepower, and the 0-100km/h acceleration of high-equipped models is expected to reach 4.5 seconds. In addition, the new generation of Tang is also equipped with a full-time electric four-wheel drive system, and the fuel consumption per 100 kilometers is less than 2L. In pure electric mode, the cruising range of the new generation Tang can reach up to 100km, far exceeding other models in the same class.

　　As a classic work of BYD in the field of new energy, Qin Pro also adopts the design concept of Dragon Face, and the polygonal LED headlight group is matched with the slip-back design to create a sporty, fashionable, young and energetic posture. In terms of power, Qin Pro is equipped with a plug-in hybrid system, which consists of a 1.5T engine, a motor and a lithium battery pack. The maximum power of the engine is 143 horsepower, and the fuel consumption per 100 kilometers is only 1L/100km. The acceleration time of 0-100km/h is only 5.9 seconds, and the linear acceleration performance reaches the level of many performance cars.

　　Conclusion: At this Beijing Auto Show, BYD made a heavy blow. As Zhao Changjiang, general manager of BYD Sales Company, said, "Under the brand-new car-making system, BYD will gather top talents from all over the world with an international vision, build an international car-making team, and compare with the products of German luxury brands, which subvert the traditional advanced technology and represent the future intelligent technology, and push the car-making standard of China brand to a new height and redefine China cars."

The Kechuang 50ETF option was listed on June 5. What does the ＂three questions and three answers＂ mean to investors？ The latest interpretation of head fund managers

　　Science and technology innovation board’s first derivative will be listed soon, which is also the first on-site option variety linked to the Science and Technology Innovation 50 Index in China. Its successful listing will achieve a breakthrough of zero ETF options in the Shanghai and science and technology innovation board markets.

　　The Shanghai Stock Exchange issued a notice on "Matters Related to the Listing and Trading of Kechuang 50ETF Options on Shanghai Stock Exchange" and decided to list and trade Kechuang 50ETF Options on June 5, 2023. It is understood that the Shanghai Stock Exchange will list the corresponding Huaxia Kechuang 50ETF option contract and Yifangda Kechuang 50ETF option contract according to different contract types, expiration months and exercise prices. The expiration months of the first listed option contracts are June, July, September and December 2023. According to the price setting of science and technology innovation board stock, the price parameter of Kechuang 50ETF option is adaptively adjusted to 20%.


　　As the first financial risk management tool listed in science and technology innovation board, Kechuang 50ETF option is highly concerned by investors. What is the significance of the launch of Kechuang 50ETF option, and what does this mean for investors?Director of quantitative investment department of Huaxia Fund and fund manager of Kechuang 50ETF(588000) were awarded.It is said to the financial sector that the launch of Kechuang 50ETF option undoubtedly provides an effective risk management tool for the market, which indicates that China’s stock option market has entered a new era of registration system and entered a "fast track" development stage. The specific positive impact can be observed from the following aspects:


　　First, improving the quality of science and technology innovation board market and the pricing efficiency of science and technology innovation board spot market will help to stabilize the fluctuation of science and technology innovation board spot market.


　　Secondly, it provides effective risk management tools for science and technology innovation board investors, helps them to manage spot risks more effectively, enriches investment strategies, enhances the attractiveness of science and technology innovation board, and thus attracts more long-term capital to flow into science and technology innovation board.


　　Third, provide effective risk hedging tools for market makers in science and technology innovation board, reduce the inventory risk of market makers, give full play to the functions of market makers in science and technology innovation board, and thus improve the liquidity of science and technology innovation board.


　　For investors, winning also suggests that it is also necessary to be cautious to participate in the trading of new options.


　　Take a brief look at the two upcoming listings.Kechuang 50ETF option contract varieties：


　　The target of Huaxia Kechuang 50ETF option contract is "Huaxia SSE science and technology innovation board 50-Component Trading Open Index Securities Investment Fund", the underlying securities are abbreviated as "Kechuang 50", the securities expansion is abbreviated as "Kechuang 50ETF", the securities code is "588000", and the fund manager is Huaxia Fund Management Co., Ltd.


　　The target of E Fund’s Kechuang 50ETF option contract is "E Fund SSE science and technology innovation board 50-Component Trading Open Index Securities Investment Fund", the underlying securities are abbreviated as "science and technology innovation board 50", the securities expansion is abbreviated as "Kechuang 50ETF E Fund", the securities code is "588080", and the fund manager is E Fund Management Co., Ltd.


　　ETF option is a complex derivative product with leverage effect, and science and technology innovation board also has certain investor suitability requirements. Individual investors should be rational when they participate in the trading of 50ETF options, enhance their awareness of risk prevention, establish a correct investment concept, and make independent investment decisions prudently according to their own judgments. The emergence of Kechuang 50ETF option represents a significant improvement of science and technology innovation board’s "Strong Kechuang" characteristics.


　　Since 2019, when the CSRC issued the "Implementation Opinions on Establishing science and technology innovation board and Pilot Registration System in Shanghai Stock Exchange", the introduction of science and technology innovation board and Registration System has become a major reform action to serve scientific and technological innovation enterprises, enhance market inclusiveness and strengthen market functions. The goal of science and technology innovation board is to provide services for scientific and technological innovation enterprises that are in line with the national strategy, break through key core technologies and enterprises with high market recognition. These enterprises mainly focus on the new generation of information technology, high-end equipment, new materials, new energy, energy conservation and environmental protection, biomedicine and other high-tech industries and strategic emerging industries. The existing three options of SSE 50ETF, CSI 300ETF and CSI 500ETF are mainly focused on the main board stocks, and the newly added Kechuang 50ETF option will better cover the science and technology innovation board market.


　　The data shows that since the establishment of science and technology innovation board in 2019, by the end of April 2023, there were 519 listed companies with a total market value of 6.65 trillion yuan, and the scientific and technological innovation attribute of the sector continued to strengthen. Of course, science and technology innovation board’s high risk and high volatility also make investors face huge investment risks. In this context, the launch of Kechuang 50ETF option undoubtedly provides an effective risk management tool for the market.


　　After the launch of Kechuang 50ETF option, the ETF option market will form a comprehensive coverage of risk characteristics such as blue chip, small and medium-sized market value and entrepreneurial innovation, and further improve the domestic on-site option product system. Investors can use ETF option tools to build refined risk management strategies such as index income enhancement and tail risk protection. Kechuang 50ETF option will fit different investors’ income expectations and risk preferences and match diversified wealth management needs. At the same time, investors also need to pay attention to the risk of option investment, which requires certain professional knowledge and risk management ability. Only in this way can investors make full use of Kechuang 50ETF options, achieve investment objectives and promote the sustainable development of science and technology innovation board.


　　According to Rong Rong, Kechuang 50ETF(588000) is the largest and most liquid index product tracking science and technology innovation board on the market at present, with the scale exceeding 65 billion yuan by the end of May. Since listing, the band features are obvious, which is in line with the characteristics of high flexibility and high fluctuation of scientific and technological innovation enterprises. It is more suitable for investors with certain investment experience to operate the band in the secondary market, and can also be used as a medium-and long-term fixed investment variety off-site.


　　Q&A


　　What is the Kechuang 50ETF option?


　　The Science and Technology Innovation 50ETF option of Shanghai Stock Exchange is a financial derivative launched by Shanghai Stock Exchange, which aims to provide options trading services for technological innovation 50ETF.


　　Kechuang 50ETF Index is a portfolio of listed companies in science and technology innovation board market, and the top 50 technological innovation companies listed in science and technology innovation board market in China constitute this portfolio. Kechuang 50ETF option is an option contract, which allows the holder to buy or sell shares of Kechuang 50ETF at a certain price on the option exercise date.


　　The trading unit of Kechuang 50ETF option is 100 shares, and the minimum change unit of option contract is 0.001 yuan. Option contract type: European option. European options can only be exercised on the expiration date, while American options can be exercised before or on the expiration date.


　　What are the top ten constituents of science and technology innovation board 50-component index?


　　SMIC, Jinshan Office, Zhongwei Company, Trina Solar, Lanqi Technology, Cambrian, Central Control Technology, Voice Holdings, China Resources Micro, and Western Superconductor. The proportion of the top ten is relatively average, and the main industries are manufacturing, information transmission, software and information technology services.


　　What are the advantages and disadvantages of Kechuang 50ETF option?


　　1. Don’t worry about selling your stocks too early or too late.


　　To provide insurance for the underlying assets held by investors, when they hold spot stocks, they have already made book profits, but they are not optimistic about the market outlook at first. When they want to avoid the risk of loss caused by falling stock prices, they can buy put options as insurance without worrying about selling their spot stocks too early or too late.


　　The royalties paid by investors are equivalent to the premiums paid. By the same token, when we are uncertain about the market trend, we can buy call (call) options first to avoid the risk of stepping on the air, which is equivalent to protecting the cash in hand.


　　2. Reduce the cost of stock purchase.


　　We can sell put (put) options with lower exercise price and lock in a lower purchase price for the stock (that is, the exercise price is equal to or close to the price of the stock we want to buy). If the stock price is above the exercise price at the expiration date, the option will generally not be exercised, and we can earn the royalties from selling the option. If the stock price is lower than the exercise price on the expiration date and the option is exercised, we can buy the specified stock at the exercise price originally locked, and the actual cost is reduced due to the income from royalties.


　　3. Options can effectively master risk control.


　　The nonlinear characteristics of option risk-return theoretically ensure that the income of buying options is infinite but the risk is relatively limited. Although the winning rate of the buyer who makes options is low, it is also an indisputable fact that each loss is limited to the option fee.


　　4. Options can increase the potential income.


　　When doing fund management, we usually set positions based on losses. If the unit risk is relatively large, our positions will be reduced accordingly, which will reduce our potential income space. If we use options to realize this strategy, because the maximum loss is limited to the option fee, the positions can be opened more fully accordingly, and the potential income will be larger.


　　Advantages of kechuang 50ETF option trading:


　　1. Unique profit and loss structure Compared with investment tools such as stocks and futures, options are different in their nonlinear profit and loss structure.


　　For the long position of futures, the loss of the position will increase by one yuan every time the price rises by one yuan and the price falls by one yuan. For short positions in futures, the opposite is true.


　　2. Shortcomings and risks of option trading: In option trading, the rights and obligations of buyers and sellers are different, which makes buyers and sellers face different risk situations.


　　For option traders, both the buyer and the seller are faced with the risk of adverse changes in royalties. This is the same as futures, that is, within the scope of royalties, if you buy low but sell high, you can make a profit by closing your position. On the contrary, it is a loss.

From online celebrity’s counterattack to actor, Fei Qiming did it.

Wenbailu

Editor Bailu

Recently, Qi Song, the "assassin in the workplace" in "20 Don’t Confuse 2", made frequent comments on the Internet, and was evaluated by the audience as "everyone’s Internet mouth replacement".

　

Qi Song (Fei Qiming) is smart, creative, romantic and gentle, and warms the person he likes like a little sun, with 100% healing power!

At work, he is an anti-anxiety and anti-involution person.

　

When the project encounters problems, Qi Song will not keep working overtime to put pressure on himself like ordinary people, but will open up new ideas for himself by entertainment.

When the project was completed, but the leader stepped in to grab the work, Qi Song dared to resist the angry leader.

　

In feelings, he is a walking generator.

　

Qi Song and Xiao Guo (Guanjin Bu) look at each other in the power-off office. It’s hard not to be moved by this atmosphere!

Although on the surface, they always quarrel and play like chickens in primary school, in fact, Qi Song has a crush on Jiang Xiaoguo (Guanjin Bu) since high school. When I was in college, I went abroad for further study. After becoming more independent and excellent, I returned to Xiaoguo to provide her with energy.

　

Xiaoguo introduced his name as "small" and "fruit" of fruit.

Qi Song said that it was the other mountains all appear dwarfs under the sky.’s "small" and fruitful "fruit".

This is the so-called "beauty is in the eye of the beholder" ~

　

Xiao Guo’s speech after drinking for a long time was recorded by a willing heart and sent to the company group for "public punishment". Qi Song will immediately use the expression pack to screen the screen to ease her embarrassment.

　

When two people encounter difficulties in a cooperative project, he always tries his best to solve them and become the most solid back of Xiaoguo.

I can not only fight with her, but also struggle with her. When I get along, I am a happy maker. At the critical moment, I am the best partner who is calm and reliable. Please give me a dozen of this kind of boyfriends!

　

Qi Song’s anti-involution and anti-anxiety "workplace assassin" is rare in domestic workplace dramas, and his debut experience as a player, Fei Qiming, is like an "assassin" and unique in the entertainment industry.

　

In 2017, several ten-second videos made Fei Qiming, who was still in college, become the first generation of online celebrity in Tik Tok, and created a unique school grass style with gold-rimmed glasses and boyish smile. However, in the booming era of short videos, Fei Qiming has set his sights on the entertainment industry.

In 2018, Fei Qiming began to "de-online celebrity" and participated in the popular variety "Happy Camp". His popularity on the Internet remained high, and his road to transformation officially began.

　

In the same year, he received an invitation to audition for the school play "I am waiting for you in the future" and partnered with Qian Sun, Xin Yunlai and other new generation actors. In the play, he plays Liu Dazhi, an optimistic boy, who not only won the recognition of Li Guangjie, an old opera player, for his courage of being a newborn calf, but also reversed the questioning voice before the broadcast because of his natural performance and true feelings. This is the first step in his transformation from online celebrity to an actor.

　

But because I devoted myself to filming and didn’t update Tik Tok for a long time, I lost a big wave of fans. For the gains and losses, Fei Qiming is very calm: "I hope I can sink and be seen when I look up."

　

However, the popularity of a drama series didn’t make him completely get rid of the label of Tik Tok online celebrity. What really made Fei Qiming break through was various popular variety shows.

　

From his debut in 2018 to the present, Fei Qiming has won a total of 8 variety shows. Among them, Iqiyi’s parent-child reality show "Super Kindergarten", RV travel reality show "Flower Road of Youth", Tencent’s video beauty program "Prince Lipstick", and now the popular variety "Fifty Kilometers of Peach Blossom House" and other variety shows have his figure.

　

Now, he not only proved his talent and hard work in performance again in "Twenty Don’t Confuse 2", but also a large wave of dramas to be broadcast filled the audience’s expectations.

　

For example, the sci-fi drama Orphan of Mars, adapted from the novel of the same name by science fiction writer Liu Yang, in which Fei Qiming plays the man Guhe.

Although his debut is only four years, and there are only a handful of film and television works, Fei Qiming, who was born in online celebrity, is full of love for acting. When talking about the career of actors, he said that "actors only have a starting point and no end point; The sense of crisis as an actor is everywhere. "

　

There are many people who want to lose weight, but very few people can really reinvent themselves. Fei Qiming is one of them. At the age of 17, Fei Qiming was a little fat man weighing nearly 200 Jin. However, in a few years, he turned into a sunny male god on the university campus. After entering the entertainment industry, he set up a special area at home to study scripts and feel the lives of different roles in order to hone his acting skills.

In line with the image of "little sun in the workplace" on the screen, he is also a versatile big boy in reality.

Not only is he proficient in playing and singing, but he also writes well. A little brother who is handsome and can sing and act ~

From the figure counterattack to the transformation actor, his dedication perfectly explains that down-to-earth talents can accumulate thick hair. I believe that Fei Qiming in the future will make constant progress and realize his dream of "becoming a good actor".

Officials were reported to have taken care of the female anchor and returned to work less than a week later.

　　Zhangjiajie Economic Development Zone.

　　Screenshot of the exposed video. Network screenshot

　　Department-level officials were reported to support female TV anchors, buy BMW cars for female anchors, and provide nearly 1 million yuan of funds to female anchors for their consumption every year. The video of the official and the female anchor being shot abnormally in the room was also exposed. Jin Zeyin, former deputy secretary-general of Zhangjiajie Municipal People’s Government and director of Zhangjiajie Economic Development Zone Management Committee, was reported.

　　On April 22nd, there was an exclusive media report that Jin Zeyin was reported to have adopted a female anchor. "Jin Zeyin’s dismissal was not notified. In less than a week, he went to the municipal government to go to work normally." Several veteran cadres in Zhangjiajie who did not want to be named questioned this.

　　The Propaganda Department of Zhangjiajie Municipal Committee responded that the official did not report it because the investigation by the Commission for Discipline Inspection was not over; Dismissal is because his life style has been confirmed; It is a resolution of the Standing Committee of the Municipal Party Committee to work in the municipal government office after his dismissal; Jin Zeyin was a general cadre in the municipal government, but he didn’t hold a post.

　　The reporter claimed to be the husband of the female anchor who was adopted.

　　On April 20th, an online post titled "Jin Zeyin in Zhangjiajie, Hunan Province has been corrupted and committed adultery with Lu Wei for a long time" attracted attention. The poster claimed to be the husband of Lu Mou, an employee of Zhangjiajie TV Station, and publicly reported that Jin Zeyin, an official in Zhangjiajie, had a style problem.

　　According to the above net post, since 2012, "Jin Zeyin has committed adultery with my wife Lu Mou (Zhangjiajie TV Station) and bought a luxury BMW car for her, providing her with nearly 1 million yuan for her consumption every year", and so on.

　　However, the poster who claimed to be Lu’s husband misspelled his wife’s surname "Lu" as "Lu".

　　The report net post distributed a video of 1 minute and 21 seconds, which presented three scenes: a middle-aged man walking around the room in pajamas; The process of a woman wearing pajamas and dressing; A man went out with a woman on his back. This edited video shows that men and women are in the same room.

　　On April 21, the relevant person in charge of the network information office in Zhangjiajie confirmed to The Paper that the Zhangjiajie Municipal Party Committee and the Municipal Government held a meeting on this report that morning, and the Municipal Commission for Discipline Inspection and the Municipal Public Security Bureau had intervened in the investigation on the authenticity of the report post. On the 25th of the same month, Jin Zeyin’s personal data disappeared from the official website of Zhangjiajie Economic Development Zone Management Committee.

　　The Paper survey found that Jin Zeyin and Lu had already crossed paths. Jin once served as deputy district head and propaganda minister in Wulingyuan District of Zhangjiajie City, while Lumou worked in Wulingyuan District TV Station. After Lumou applied to Zhangjiajie TV Station as the anchor of the news channel.

　　According to Jin Zeyin’s colleague, who did not want to be named, since the day after the media report (23rd), Jin Zeyin has never appeared in public in the company, and the door of his office has been closed.

　　According to the above-mentioned staff, on April 23rd, the relevant staff of Zhangjiajie City Commission for Discipline Inspection came to the Development Zone to announce that Jin Zeyin had been investigated by the Commission for Discipline Inspection. Subsequently, the organization department came to the Economic Development Zone to announce the resolution of dismissing Jin Zeyin. "At that time, it was only orally announced, and no written documents were seen."

　　Veteran cadres questioned that they went to work in the municipal government office after being exempted.

　　Three veteran cadres in Zhangjiajie questioned The Paper, saying that Jin Zeyin had been transferred to the Zhangjiajie municipal government office to work less than a week after he was dismissed from his post.

　　The veteran cadres said that they learned from relevant channels that the Zhangjiajie Public Security Bureau launched a "double investigation" on this matter after the incident: on the one hand, it checked the style of Jin Zeyin, on the other hand, it checked the video in the online report post to see if the shooting was legal.

　　According to a person familiar with the Zhangjiajie Public Security Bureau, after the report occurred, the relevant departments of Zhangjiajie launched a "double investigation" on the whistleblower and the reported person. So far, the "mysterious reporter" who posted the post has not surfaced.

　　The Paper learned from relevant channels that the whistleblower refused to show up for fear of retaliation. Before the online report, the whistleblower sent the detailed report materials to the relevant departments in Zhangjiajie, and only chose to report online when there was no response.

　　The reporter tried to get in touch with the reporter many times and was told by him through relevant channels that "it is not convenient to show up for the time being, and all evidence and complete videos will be made public when there is danger".

　　Official response Disciplinary Committee has filed a case.

　　The reporter learned from the Propaganda Department of Zhangjiajie Municipal Committee that Jin Zeyin is married and his wife works in the education system. After Jin Zeyin and Lumou were exposed, Lumou didn’t go back to the TV station to work.

　　On May 24, the relevant person in charge of the Propaganda Department of Zhangjiajie Municipal Committee provided reporters with several internal documents stamped with the official seal in response to the query of veteran cadres.

　　These documents confirmed that, after research by the Municipal Commission for Discipline Inspection, it was decided to put Jin Zeyin’s violation of discipline on file for review, and to remove him from the posts of Deputy Secretary-General of the Municipal People’s Government (concurrently) and Director of the Management Committee of Zhangjiajie Economic Development Zone (Zhangjiajie Science and Technology Industrial Park).

　　According to the minutes of the meeting of the Standing Committee of Zhangjiajie Municipal Committee on April 25th, Yang Guangrong, secretary of Zhangjiajie Municipal Committee, presided over a meeting of the Standing Committee of Zhangjiajie Municipal Committee to listen to the preliminary investigation and verification of Jin Zeyin’s life style by the Municipal Commission for Discipline Inspection and the Organization Department of the Municipal Committee.

　　The above-mentioned meeting held that the life style of leading cadres is by no means a trivial matter, nor a minor issue, but a major event related to the credibility and image of the party among the people … … Judging from the investigation and verification, there is a violation of discipline in Jin Zeyin … …

　　The Municipal Commission for Discipline Inspection filed a case review on its disciplinary problems and agreed to adjust Jin Zeyin to the work of the municipal government.

　　The minutes of the meeting also mentioned that Lu Mou, the relevant party, had reported the case to the public security department on the issue of monitoring and collecting evidence for suspected illegal intrusion into houses, and the municipal and district public security departments should file an investigation according to law and detect the case as soon as possible.

　　The relevant person in charge of the Propaganda Department of Zhangjiajie Municipal Committee explained that the current investigation of Jin Zeyin by the Commission for Discipline Inspection is not just a matter of life style, but the economic problems mentioned in the net posts are being investigated together; However, before the results of the investigation by the Commission for Discipline Inspection come out, Jin Zeyin is still a civil servant, so there is nothing wrong with adjusting his post.

　　"On the issue of dealing with Jin Zeyin, the Zhangjiajie Commission for Discipline Inspection, the Organization Department and the public security are all investigating and handling according to law, discipline and regulations." The relevant person in charge of the above-mentioned propaganda department said.