In 1980s, literature was once one of the most fashionable topics in Chinese. At that time, the fastest-selling magazine in newsstands was Dangdai, People’s Literature and Novel Monthly. If you haven’t read "Avant-garde" and "Vague School", you may be embarrassed to say hello to others.

Nowadays, in the fast-paced traffic era, it seems that there are fewer and fewer people who can calm down and read a literary work. So is there still a "shelter" for literature in our daily life? Recently, the second season of the humanistic documentary "Everyday Literature" jointly produced by Southeast Satellite TV, Channel Satellite TV and Youku Video answered this question in an ingenious way. The program enters the writers’ daily life, shows their rich and interesting spiritual world, and makes the public feel the charm of literature enough to illuminate their daily life again.

"De-streaming" writers’ lineup

The second season of Everyday Literature, which returned after a lapse of two years, continued the pattern of the previous season, starting from the visit of friends, and reflecting the writer’s cognition and interpretation of the times and life through the two-day conversation, visit, experience and observation between writers and friends. But at the same time, the program also faces some challenges in the creation of the second season.

The primary problem faced by the creative team is to determine what kind of writers will enter Daily Literature this time. Through the program, we can easily find that compared with last season, the writers in this program seem to be more "de-streamed". Among the six writers, there are writers who have won the Mao Dun Literature Award, such as Liu Liangcheng and Li Xiuwen, and there are also representatives of the "third generation poetry" Yu Jian and representatives of the new generation writers Shuang Xuetao.

The reason why I chose to shoot these writers, director Wang Shengzhi has his own ideas: "After two seasons of programs, the criteria for choosing writers are not whether there are awards or whether they bring their own traffic. The writers I choose are all people who have seen the main works in recent years and caused me to read and think. I value their ability to dream and communicate with their hearts more."

In the film, Liu Liangcheng and Hong Qi roamed the grassland Gobi in Xinjiang, and Lu Yu shepherds, wild camels, donkeys, lizards and other creatures all stopped to say hello. When he said that "a spider’s web is a spider’s home", what the audience got from it was a writer’s philosophy of equality of all beings and integration of things and me. Yu Jian and his good friend Hu Liangcan met in Jianshui ancient city, freely entering and leaving the noisy slag street and the secret quiet house, talking about divinity and eating with a big mouth. Facing the mottled door with no details, he threw a question to the audience, that is, the meaning of details to life.

Whether it’s Liu Liangcheng, Li Xiuwen, Yu Jian, Chen Yan and other writers, all the writers invited by the program are rich in life experience and thoughtful enough. It is precisely because of this that their stories and expressions can make the audience more touched and inspire them.

Let writers roam the world

Let literature combine with life better.

On the basis of exploring the writer’s spiritual world, the new season "Daily Life of Literature" also tries a new way to oppose TV linear narration. The program allows writers and friends to walk into the environment of life, nature and the streets and lanes of the city, which makes the program more "a sense of human roaming".

From the desert Gobi to the ancient city market, writers and their friends swim in the vast world, sing songs in the pastures of Xinjiang and play guitar in the yellow sand of Dunhuang; Or wandering in the bustling fireworks world, drilling hutongs and talking to grandfathers, entering the village in the city and talking to migrant workers at home. With their roaming, the program presents a broader and richer local customs and opens up a richer life.

In Wang Shengzhi’s view, the core of roaming is encounter and improvisation, which is very different from interview. It is not only a physical space movement, but also a spiritual journey. "Roaming makes writers leave their familiar environment, and then they will meet strange people and things. When these encounters occur, they can start a topic, and this expression is from the heart."

As a matter of fact, in each nearly one-hour program, the topic of conversation is changeable, which is often the product of the team setting up the camera and letting it develop when the writer and friends are roaming. Shuangxuetao and Shi Hang wandered between the red bricks and green tiles in the ancient capital Beijing, and came across a narrow family, which reminded him of his childhood sleeping on a hot kang and his parents selling roasted sweet potatoes and being chased around the street by the urban management, and naturally talked about the understanding of "compassion": "What is compassion? It is’ I am also him’. " Li Xiuwen happened to talk with his elder sister who picked bitter vegetables in Xinglin, a wasteland in the northwest. He liked to listen to everyone talk about the triviality of daily life and said with emotion, "Life is exposed to writing, and writing is exposed to life."

Faced with a relatively unfamiliar environment, writers will improvise, express their feelings about life, and respond and rebuild this imperfect real world by watching the initial heart of literature. Just as Shi Hang’s review and Shuang Xuetao’s crazy sledding on the ice rink in Shichahai expressed in the program: "Everyday Literature is not to shape a certain height, but to deconstruct all heights and let you know what is interesting, true, good and beautiful."

"I hope that in the second season’s program, literature can be better combined with daily life and bring different things to the audience." Wang Shengzhi said. Just like in the program, Yu Jian read aloud in the vegetable market, and the old man next to him walked in front of him; Shuangxuetao is reading in a narrow alley, and the people behind him are playing billiards … In the second season of Daily Literature, the author’s reading session is placed in the daily fireworks, which actually brings literature back to its place.

Literature is never empty, it comes from the summary of writers’ life and the philosophy of life. In the second season of Daily Literature, writers and friends swam together in places closely related to literary creation, visited the market life, and skillfully linked literature with life. "In the past, many people felt that literature was far away from them. No, part of daily life was literature, and those shining and poetic existence belonged to literature. So there is daily life in literature, and there is also literature in daily life. " Wang Shengzhi said.

"Invest 20% of creative power to make leading content every year"

In recent years, from Breakfast in China, Dishes, China is so beautiful, and then to Everyday Literature, fujian media group Satellite TV Center takes food, music, literature, etc. as the entry point of creation, and refines the feelings of life from the details of daily life, creating a series of successful documentary works, showing a distinctive style and winning a good reputation.

According to Hong Lei, director of fujian media group Satellite TV Center, director of Southeast Satellite TV, and master planner of Daily Literature, at present, some works blindly cater to the market and capital, and tend to be pan-entertainment and too utilitarian, so they cannot enter the hearts of the public. Therefore, he hopes to leave a "free place" for creators. "Satellite TV Center invests at least 20% of its creative power every year to make content with leading value, and encourages to try new program forms and content themes and do it on the circle. In fact, it is very valuable that each program can at least have emotional dialogue and communication with some people. "

In an era when serious literature is declining and the public attaches too much importance to the entertainment function of literature, Everyday Literature, a documentary with a seemingly niche theme, leads the audience into the world of literature step by step in an interesting way and opens up more space for thinking and taste. In the past reading documentaries, whenever the themes of "reading" and "literature" were mentioned, they were always endowed with profound meanings and heavy concepts, which made many viewers "flinch". However, in the second season of Daily Literature, there is no literary coffee to explain the creative stories of classic works. It is not an interview with famous writers, but to let writers enter a broader world and face the difficulties of modern life through individual discovery and sentiment, thus arousing the emotional resonance of the audience.

As summarized by Hong Lei: "Everyday Literature is not just about literature, but focuses on the writer’s ability to digest life, helping the audience understand and refine life from the writer’s point of view, which is a rational thinking about real life and helping the audience solve their own life problems better."

Liu Liangcheng’s birthplace is a village on the edge of the Gurbantunggut Desert in Xinjiang. The writing of One Man’s Village stems from his memories of a village that has gone far away. Li Xiuwen wrote "To the Elder in Jiangdong", using sixteen simple but extraordinary stories to write the most wordless heavy; Chen Yan took Chen Xiaoduo to visit Xibali Village in Xi ‘an. The spiritual highlights of the bottom workers are the source of his work "The Leading Role" …

"In fact, you will find that many words coincide with the images in the world. If words are the other side of meaning, then this shore is the image of our current life. " Wang Shengzhi said, "It is equally valid to put the words in the book on the hot shore, because there is a bridge between them, so everyone can naturally understand and feel, and this is the most enjoyable place to shoot this film."

"Illuminating daily life with literature and ruminating on life with thoughts" is the initial intention of creating the program "Daily Life of Literature". In the second season, the program is still full of awe of literature. Through the collision between literature and daily life, it reflects the writers’ cognition and interpretation of the times and life, and delivers thoughtful content to the audience, so that the public can glimpse the light of thought in daily life.

　　Xinhua News Agency, Beijing, July 9th

Regulations on the supervision and administration of private investment funds

　　Chapter I General Provisions

　　Article 1 In order to standardize the business activities of private equity funds (hereinafter referred to as private equity funds), protect the legitimate rights and interests of investors and related parties, and promote the standardized and healthy development of the private equity fund industry, these Regulations are formulated in accordance with the Securities Investment Fund Law of People’s Republic of China (PRC) (hereinafter referred to as the Securities Investment Fund Law), the Trust Law of People’s Republic of China (PRC), the Company Law of People’s Republic of China (PRC), the Partnership Enterprise Law of People’s Republic of China (PRC) and other laws.

　　Article 2 In People’s Republic of China (PRC), if funds are raised in a private way, investment funds are set up, or companies and partnerships are established according to law for the purpose of investment activities, which shall be managed by private fund managers or general partners, and investment activities shall be conducted for the benefit of investors.

　　Article 3 The State encourages the private equity fund industry to develop in a standardized and healthy way, and give play to its functions such as serving the real economy and promoting scientific and technological innovation.

　　Engaged in private equity fund business activities, should follow the principles of voluntariness, fairness and good faith, protect the legitimate rights and interests of investors, and shall not violate laws, administrative regulations and national policies, public order and good customs, and shall not harm national interests, social public interests and the legitimate rights and interests of others.

　　Private fund managers manage and use private fund properties, private fund custodians trust private fund properties, and private fund service institutions engage in private fund services, which shall abide by laws and administrative regulations, fulfill their duties, and fulfill their obligations of honesty, trustworthiness, prudence and diligence.

　　Private equity fund practitioners shall abide by laws and administrative regulations, abide by professional ethics and codes of conduct, and receive compliance and professional ability training in accordance with regulations.

　　Article 4 Private equity fund property is independent of the inherent property of private equity fund managers and private equity fund custodians. The debt of the private equity fund property shall be borne by the private equity fund property itself, except as otherwise provided by law.

　　Investors shall distribute income and bear risks according to the fund contract, articles of association and partnership agreement (hereinafter referred to as fund contract).

　　Article 5 The supervision and management of the business activities of private equity funds shall implement the line, principles, policies and decision-making arrangements of the Party and the State. The State Council Securities Regulatory Authority shall supervise and manage the business activities of private equity funds in accordance with the laws and the regulations, and its dispatched offices shall perform their duties in accordance with the authorization.

　　If the state has other provisions on the supervision and management of private equity funds initiated or invested with a certain proportion of government funds, such provisions shall prevail.

　　Article 6 the State Council Securities Regulatory Authority shall conduct differentiated supervision and management on private fund managers according to their business types, assets under management, continuous compliance, risk control and ability to serve investors, and conduct classified supervision and management on different types of private funds such as venture capital and securities investment.

　　Chapter II Private Equity Fund Managers and Private Equity Fund Custodians

　　Article 7 The manager of a private equity fund shall be a legally established company or partnership enterprise.

　　Where the assets of a private equity fund established in the form of a partnership are managed by the general partner, the provisions of this Ordinance on the private equity fund manager shall apply to the general partner.

　　Shareholders and partners of private fund managers, as well as controlling shareholders and actual controllers of shareholders and partners, or holding or actually controlling other private fund managers, shall comply with the provisions of the State Council Securities Regulatory Authority.

　　Article 8 Under any of the following circumstances, a person shall not be a private equity fund manager, nor shall he become the controlling shareholder, actual controller or general partner of a private equity fund manager:

　　(1) The circumstances specified in Article 9 of these Regulations;

　　(2) A private fund manager whose registration has been cancelled due to the circumstances listed in Item 3, Paragraph 1, Article 14 of these Regulations, and who has not been registered for more than 3 years since the date of cancellation, or who is the controlling shareholder, actual controller or general partner of the private fund manager;

　　(3) There is a conflict of interest between the business it is engaged in and the management of private equity funds;

　　(4) There are serious bad credit records that have not been repaired.

　　Article 9 Under any of the following circumstances, a person shall not be a director, supervisor, senior manager, executive partner or appointed representative of a private equity fund manager:

　　(1) Being sentenced to punishment for committing crimes of corruption, bribery, dereliction of duty, property infringement or disrupting the order of the socialist market economy;

　　(two) in the last three years, the financial management department has imposed administrative penalties for major violations of laws and regulations;

　　(3) The directors, supervisors, factory directors, senior management personnel, executive partners or appointed representatives who are personally responsible for the bankruptcy liquidation of the company or enterprise they work for or the revocation of their business licenses due to poor management have not been more than five years since the date of the bankruptcy liquidation of the company or enterprise or the revocation of its business licenses;

　　(four) the amount of debt is large, and it is not paid off at maturity or is included in the list of people who have lost their trust;

　　(5) Employees of fund managers, fund custodians, securities and futures trading places, securities companies, securities registration and settlement institutions, futures companies and other institutions and staff of state organs who have been dismissed due to illegal acts;

　　(6) Lawyers, certified public accountants, employees of asset appraisal institutions, verification institutions and investment consulting practitioners whose practice certificates have been revoked or their qualifications have been cancelled due to illegal acts, and it has not been more than five years since the day when their practice certificates have been revoked or their qualifications have been cancelled;

　　(7) Being the legal representative, executive partner or appointed representative of a private equity fund manager whose registration has been cancelled due to the circumstances listed in Item 3 of Paragraph 1 of Article 14 of these Regulations, or being a responsible senior manager, it has not been more than 3 years since the date when the private equity fund manager was cancelled.

　　Article 10 A private fund manager shall submit the following materials to the institution entrusted by the securities regulatory authority of the State Council (hereinafter referred to as the registration and filing institution) according to law, and go through the registration formalities:

　　(a) unified social credit code;

　　(2) Articles of association or partnership agreement;

　　(3) Basic information of shareholders, actual controllers, directors, supervisors, senior management personnel, general partners, executive partners or appointed representatives, and information of relevant beneficial owners of shareholders, actual controllers and partners;

　　(four) a letter of credit commitment to ensure that the submitted materials are true, accurate and complete and abide by the provisions of supervision and administration;

　　(5) Other materials as prescribed by the the State Council Securities Regulatory Authority.

　　Where the controlling shareholder, actual controller, general partner, executive partner or appointed representative of the private equity fund manager changes, it shall go through the formalities of change registration with the registration and filing institution in accordance with the provisions.

　　The registration and filing institution shall publicize the relevant information of the registered private fund manager.

　　Without registration, no unit or individual may use the words "fund" or "fund management" or similar names for investment activities, except as otherwise provided by laws, administrative regulations and the state.

　　Article 11 A private fund manager shall perform the following duties:

　　(a) to raise funds according to law and handle the filing of private equity funds;

　　(2) Managing, keeping accounts and investing in the properties of different private equity funds under management;

　　(3) Managing and investing private equity funds in accordance with the fund contract, and establishing an effective risk control system;

　　(4) Determine the income distribution plan of private equity funds according to the fund contract, and distribute the income to investors;

　　(5) Providing investors with information related to private equity fund management business activities as agreed in the fund contract;

　　(6) Keeping records, account books, statements and other relevant materials of private equity fund property management business activities;

　　(seven) other duties stipulated by the the State Council securities regulatory authority and agreed in the fund contract.

　　Where funds are raised in a non-public way to set up an investment fund, the private fund manager shall also exercise litigation rights or conduct other legal acts in his own name for the property interests of the private fund.

　　Article 12 Shareholders, actual controllers and partners of a private equity fund manager shall not commit any of the following acts:

　　(a) false capital contribution, withdrawal of capital contribution, entrusted or accepted by others;

　　(2) interfering with the business activities of private fund managers without legal procedures such as resolutions of the shareholders’ meeting or the board of directors;

　　(3) Requiring managers of private equity funds to use the property of private equity funds to seek benefits for themselves or others and harm the interests of investors;

　　(four) other acts prohibited by laws, administrative regulations and the provisions of the the State Council securities regulatory authority.

　　Article 13 A private fund manager shall continuously meet the following requirements:

　　(1) It is in good financial condition and has working capital suitable for the business type and the scale of assets under management;

　　(2) The legal representative, executive partner or appointed representative and senior manager in charge of investment management hold a certain proportion of the equity or property share of the private fund manager in accordance with the provisions of the the State Council Securities Regulatory Authority, except as otherwise provided by the state;

　　(3) Other requirements as stipulated by the the State Council Securities Regulatory Authority.

　　Article 14 Where a private fund manager is under any of the following circumstances, the registration and filing institution shall cancel the registration of the private fund manager in time and publicize it:

　　(a) to apply for cancellation of registration;

　　(2) It is dissolved, revoked or declared bankrupt according to law;

　　(three) due to illegal fund-raising, illegal business and other major illegal acts were investigated for legal responsibility;

　　(four) the first private equity fund has not been filed within 12 months from the date of registration;

　　(5) After all the managed private equity funds are liquidated, no new private equity funds have been filed within 12 months from the date of liquidation;

　　(6) Other circumstances as stipulated by the the State Council Securities Regulatory Authority.

　　Before the registration institution cancels the registration of the private equity fund manager, it shall notify the private equity fund manager to liquidate the private equity fund property or transfer the private equity fund management responsibility to other registered private equity fund managers according to law.

　　Article 15 Unless otherwise agreed in the fund contract, the private equity fund property shall be entrusted by the private equity fund custodian. If the private equity fund property is not managed, the institutional measures and dispute settlement mechanism for ensuring the safety of private equity fund property shall be clarified.

　　Article 16 Where the private equity fund property is entrusted, the private equity fund custodian shall perform his duties according to law.

　　The custodian of a private equity fund shall establish an isolation mechanism between the custody business and other businesses according to law to ensure the independence and safety of the private equity fund property.

　　Chapter III Fund Raising and Investment Operation

　　Seventeenth private fund managers should raise funds by themselves, and may not entrust others to raise funds, except as otherwise provided by the the State Council Securities Regulatory Authority.

　　Article 18 Private equity funds shall be raised or transferred to qualified investors, and the cumulative number of investors in a single private equity fund shall not exceed the number prescribed by law. Private fund managers are not allowed to set up more than one private fund for a single financing project to break through the number limit prescribed by law; It is not allowed to reduce the standard of qualified investors by splitting and transferring the shares or income rights of private equity funds.

　　Qualified investors mentioned in the preceding paragraph refer to units and individuals that have reached the specified asset scale or income level, and have the corresponding risk identification ability and risk-taking ability, and their subscription amount is not less than the specified limit.

　　The specific standards for qualified investors shall be formulated by the the State Council Securities Regulatory Authority.

　　Nineteenth private fund managers should fully reveal the investment risks to investors, and match private fund products with different risk levels according to investors’ risk identification ability and risk-taking ability.

　　Twentieth private equity funds shall not be raised or transferred to units or individuals other than qualified investors; Not to raise or transfer to investors who hold it for others; Not through newspapers, radio stations, television stations, the Internet and other mass media, telephone, SMS, instant messaging tools, e-mail, leaflets, or lectures, reports, analysis meetings and other means to promote to unspecified objects; Not to promote it in a false, one-sided or exaggerated way; Not in the name of private equity fund custodian publicity and promotion; Investors shall not be promised that the investment principal will not be lost or the minimum income will be promised.

　　Article 21 Where a private equity fund manager uses private equity fund property for investment, he shall indicate the name of the private equity fund when opening an account in the name of the private equity fund manager, being included in the register of shareholders of the invested enterprise or holding other private equity fund property.

　　Twenty-second private fund managers shall, within 20 working days from the date of completion of private fund raising, submit the following materials to the registration and filing institution for filing:

　　(1) Fund contract;

　　(2) Custody agreement or institutional measures to ensure the property safety of private equity funds;

　　(3) Property certification documents of the private equity fund;

　　(4) Basic information of investors, subscription amount, number of fund shares held and relevant information of their beneficial owners;

　　(5) Other materials as prescribed by the the State Council Securities Regulatory Authority.

　　Private equity funds should have the scale of paid-in raised funds to ensure basic investment ability and anti-risk ability. The registration and filing institutions shall make classified publicity according to the scale of funds raised by private equity funds, and report to the the State Council Securities Regulatory Authority if the total amount of funds raised or the number of investors reaches the prescribed standards.

　　Article 23 The securities regulatory authority in the State Council shall establish and improve the monitoring mechanism for private equity funds, and conduct centralized monitoring on private equity funds and their investors’ share holdings. The specific measures shall be formulated by the securities regulatory authority in the State Council.

　　Article 24 The investment of private equity fund property includes buying and selling shares of joint stock limited companies, shares of limited liability companies, bonds, fund shares, other securities and their derivatives, and other investment targets that meet the requirements of the State Council securities regulatory authority.

　　Private equity fund property shall not be used to operate or operate capital lending, loans and other businesses in disguised form. Private fund managers shall not increase the implicit debt of the government in disguised form by asking the local people’s government to promise to buy back the principal.

　　Article 25 The investment level of private equity funds shall comply with the provisions of the financial management department of the State Council. However, private equity funds that meet the requirements stipulated by the State Council Securities Regulatory Authority and invest their main fund assets in other private equity funds are not included in the investment level.

　　The investment levels of venture capital funds and private equity funds stipulated in the second paragraph of Article 5 of these Regulations shall be stipulated by the relevant departments of the State Council.

　　Twenty-sixth private fund managers should follow the principle of professional management and employ senior managers with corresponding experience to be responsible for investment management, risk control and compliance.

　　Private fund managers should follow the principle of giving priority to investors’ interests and establish management systems such as investment declaration, registration, review and disposal of employees to prevent interest transfer and conflicts of interest.

　　Twenty-seventh private fund managers shall not entrust others to exercise their investment management responsibilities.

　　Where a private equity fund manager entrusts other institutions to provide securities investment advice services for private equity funds, the entrusted institution shall be a fund investment advisory institution as stipulated in the Securities Investment Fund Law.

　　Article 28 Private fund managers shall establish and improve the management system of related party transactions, and shall not conduct improper transactions or transfer benefits with related parties with private fund property, nor conceal them through multi-layer nesting or other means.

　　Where a private fund manager uses private fund property to conduct transactions with himself, investors, other private funds managed, private funds managed by other private fund managers controlled by his actual controller, or other entities with significant interests, he shall perform the decision-making procedures agreed in the fund contract and provide relevant information to investors and private fund custodians in a timely manner.

　　Twenty-ninth private fund managers should hire an accounting firm to audit the property of private funds in accordance with the regulations, provide the audit results to investors, and submit them to the registration and filing institutions.

　　Thirtieth private fund managers, private fund custodians and their employees shall not have the following acts:

　　(1) hotchpot his inherent property or others in the private equity fund property;

　　(2) Taking advantage of the property or position of private equity funds to seek benefits for people other than investors;

　　(3) Embezzlement and misappropriation of private equity fund property;

　　(4) disclosing undisclosed information obtained by taking advantage of his position, and using the information to engage in or express or imply others to engage in relevant securities and futures trading activities;

　　(five) other acts prohibited by laws, administrative regulations and the provisions of the the State Council securities regulatory authority.

　　Thirty-first private fund managers should provide information to investors in the process of fund raising and investment operation in accordance with the provisions of the the State Council securities regulatory authority and the fund contract.

　　Where the private equity fund property is managed, the private equity fund manager shall, in accordance with the provisions of the the State Council Securities Regulatory Authority and the custody agreement, provide the private equity fund custodian with basic information of investors, proof materials of ownership change of investment targets and other information in a timely manner.

　　Article 32 The information provided and submitted by private fund managers, private fund custodians and their employees shall be true, accurate and complete, and shall not commit any of the following acts:

　　(a) false records, misleading statements or major omissions;

　　(2) Forecasting the investment performance;

　　(three) to promise investors that the investment principal will not be lost or the minimum income will be promised;

　　(four) other acts prohibited by laws, administrative regulations and the provisions of the the State Council securities regulatory authority.

　　Thirty-third private fund managers, private fund custodians and private fund service institutions shall, in accordance with the provisions of the the State Council Securities Regulatory Authority, submit information on the investment and operation of private funds to the registration and filing institutions. Registration and filing institutions shall, according to different types of private equity funds, make provisions on the content and frequency of information submitted, and summarize and analyze the situation of private equity fund industry, and submit relevant information of private equity fund industry to the State Council securities regulatory authority.

　　The registration and filing institution shall strengthen the risk early warning, and take timely measures and report to the the State Council Securities Regulatory Authority if it finds that there may be significant risks.

　　The registration and filing institution shall keep the information specified in the first paragraph of this article confidential, and shall not provide it to the outside world unless otherwise provided by laws and administrative regulations.

　　Article 34 If the private equity fund manager fails to perform his duties normally or there are serious risks, resulting in the failure of the private equity fund to operate normally or terminate, other professional institutions agreed in the fund contract or determined by relevant regulations shall exercise the functions and powers of replacing the private equity fund manager, modifying or terminating the fund contract in advance, and organizing the liquidation of the private equity fund.

　　Chapter IV Special Provisions on Venture Capital Funds

　　Article 35 The term "venture capital fund" as mentioned in these Regulations refers to a private equity fund that meets the following conditions:

　　(a) the scope of investment is limited to unlisted enterprises, except for the untransferred part of the shares held by the fund and its allotment part after the investment enterprise is listed;

　　(2) The name of the fund contains the words "venture capital fund" or the words "engaged in venture capital activities" in the business scope of the company or partnership enterprise;

　　(3) The fund contract embodies the venture capital strategy;

　　(four) do not use leveraged financing, except as otherwise provided by the state;

　　(5) The minimum duration of the fund meets the relevant provisions of the state;

　　(6) Other conditions stipulated by the state.

　　Article 36 The state gives policy support to venture capital funds, encourages and guides them to invest in growth and innovative venture enterprises, and encourages long-term funds to invest in venture capital funds.

　　The development and reform department of the State Council is responsible for organizing the formulation of policies and measures to promote the development of venture capital funds. The State Council Securities Regulatory Authority and the State Council Development and Reform Department shall establish and improve the sharing mechanism of information and support policies, and strengthen the coordination of supervision and management policies and development policies of venture capital funds. The registration and filing institution shall timely submit the information related to venture capital funds to the securities regulatory agency of the State Council and the development and reform department of the State Council.

　　Venture capital funds that enjoy the support of national policies shall be invested in accordance with the relevant provisions of the state.

　　Article 37 The securities regulatory authority in the State Council shall conduct differentiated supervision and management of venture capital funds, which is different from other private equity funds:

　　(1) Optimize the business environment of venture capital funds and simplify the registration and filing procedures;

　　(2) Differentiate supervision and management in fund raising, investment operation, risk monitoring, on-site inspection and other aspects of venture capital funds that are legally raised, invested in compliance and operated in good faith, so as to reduce the frequency of inspection;

　　(three) to provide convenience for venture capital funds mainly engaged in long-term investment, value investment and the transformation of major scientific and technological achievements in terms of investment withdrawal.

　　Thirty-eighth registration agencies in the registration, change and other aspects of venture capital funds to implement differentiated self-discipline management different from other private equity funds.

　　Chapter V Supervision and Administration

　　Article 39 The securities regulatory authority in the State Council shall supervise and manage the business activities of private equity funds and perform the following duties according to law:

　　(1) Formulating rules and regulations on the supervision and management of private equity fund business activities;

　　(2) To supervise and manage private fund managers, private fund custodians and other institutions engaged in private fund business activities, and investigate and deal with illegal acts;

　　(three) to guide, inspect and supervise the registration and self-discipline management activities;

　　(4) Other duties as prescribed by laws and administrative regulations.

　　Fortieth the State Council Securities Regulatory Authority shall have the right to take the following measures when performing its duties according to law:

　　(1) Conducting on-site inspections on private fund managers, private fund custodians and private fund service institutions, and requiring them to submit relevant business materials;

　　(two) to enter the place where the suspected illegal act occurred to investigate and collect evidence;

　　(3) Asking the parties concerned, the units and individuals related to the investigated events and asking them to explain the matters related to the investigated events;

　　(four) to consult and copy the information such as property registration and communication records related to the investigated events;

　　(five) to consult and copy the securities trading records, registration and transfer records, financial and accounting materials and other relevant documents and materials of the parties and the units and individuals related to the investigated events; Documents and materials that may be transferred, concealed or damaged may be sealed up;

　　(six) according to the law to inquire about the parties and the account information related to the event under investigation;

　　(seven) other measures stipulated by laws and administrative regulations.

　　In order to guard against the risks of private equity funds and maintain market order, the State Council securities regulatory authorities can take measures such as ordering corrections, supervising conversations and issuing warning letters.

　　Article 41 When the the State Council securities regulatory body conducts supervision, inspection or investigation according to law, there shall be no less than two supervisors or investigators, and they shall show their law enforcement certificates, supervision, inspection, investigation notices or other law enforcement documents. Business secrets and personal privacy known in supervision, inspection or investigation shall be kept confidential according to law.

　　Units and individuals under inspection and investigation shall cooperate with the supervision, inspection or investigation conducted by the securities regulatory authority in the State Council according to law, and truthfully provide relevant documents and materials, and shall not refuse, obstruct or conceal them.

　　Forty-second the State Council Securities Regulatory Authority found that private fund managers violated laws and regulations, or their internal governance structure and risk control management did not meet the requirements, it should be ordered to make corrections within a time limit; If no correction is made within the time limit, or the behavior seriously endangers the steady operation of the private fund manager and damages the legitimate rights and interests of investors, the the State Council securities regulatory authority may take the following measures according to the circumstances:

　　(a) ordered to suspend part or all of the business;

　　(2) Ordering the replacement of directors, supervisors, senior managers, executive partners or appointing representatives, or restricting their rights;

　　(3) Ordering the responsible shareholders to transfer their shares and the responsible partners to transfer their shares of property, and restricting the responsible shareholders or partners from exercising their rights;

　　(4) Ordering the private equity fund manager to hire or designate a third party institution to audit the private equity fund property, and the relevant expenses shall be borne by the private equity fund manager.

　　Where a private fund manager operates illegally or has serious risks, which seriously jeopardizes the market order and damages the interests of investors, the the State Council Securities Regulatory Authority may, in addition to taking the measures specified in the preceding paragraph, take measures such as designating other institutions to take over the private fund manager and notifying the registration and filing institution to cancel the registration.

　　Article 43 The securities regulatory authority in the State Council shall record the credit information of private fund managers, private fund custodians, private fund service institutions and their employees in the credit database of the capital market and the national credit information sharing platform. The State Council Securities Regulatory Authority shall, jointly with relevant departments of the State Council, establish and improve the joint disciplinary system for private fund managers and relevant responsible subjects for dishonesty according to law.

　　The State Council Securities Regulatory Authority shall establish a cooperative mechanism for information sharing, statistical data submission and risk disposal of private equity fund supervision and management in conjunction with other financial management departments and other relevant departments of the State Council and the people’s governments of provinces, autonomous regions and municipalities directly under the Central Government. In the process of dealing with risks, the relevant local people’s governments should take effective measures to maintain social stability.

　　Chapter VI Legal Liability

　　Article 44. Those who use the words "fund" or "fund management" or similar names to carry out investment activities without going through the registration formalities in accordance with Article 10 of these regulations shall be ordered to make corrections, their illegal income shall be confiscated, and a fine of more than 1 time but less than 5 times of their illegal income shall be imposed; If there is no illegal income or the illegal income is less than 1 million yuan, a fine of not less than 100,000 yuan but not more than 1 million yuan shall be imposed. Give a warning to the directly responsible person in charge and other directly responsible personnel, and impose a fine of more than 30,000 yuan and less than 300,000 yuan.

　　Article 45 If the shareholders, actual controllers and partners of a private equity fund manager violate the provisions of Article 12 of these Regulations, they shall be ordered to make corrections, given a warning or informed criticism, their illegal income shall be confiscated, and they shall be fined between 1 and 5 times their illegal income; If there is no illegal income or the illegal income is less than 1 million yuan, a fine of not less than 100,000 yuan but not more than 1 million yuan shall be imposed. Give a warning or informed criticism to the directly responsible person in charge and other directly responsible personnel, and impose a fine ranging from 30,000 yuan to 300,000 yuan.

　　Forty-sixth private fund managers who violate the provisions of Article thirteenth of these regulations shall be ordered to make corrections; Refuses to correct, give a warning or informed criticism, and impose a fine of more than 100,000 yuan and less than 1 million yuan, and order it to stop the business activities of private equity funds and make an announcement. Give a warning or informed criticism to the directly responsible person in charge and other directly responsible personnel, and impose a fine ranging from 30,000 yuan to 300,000 yuan.

　　Article 47 If a custodian of a private equity fund fails to establish a business isolation mechanism in violation of the provisions of the second paragraph of Article 16 of these Regulations, it shall be ordered to make corrections, given a warning or informed criticism, and be fined between 50,000 yuan and 500,000 yuan. Give a warning or informed criticism to the directly responsible person in charge and other directly responsible personnel, and impose a fine ranging from 30,000 yuan to 300,000 yuan.

　　Forty-eighth in violation of the provisions of Article 17, Article 18 and Article 20 of these regulations on the management and raising methods of qualified investors in private equity funds, the illegal income shall be confiscated and a fine of not less than 1 time but not more than 5 times the illegal income shall be imposed; If there is no illegal income or the illegal income is less than 1 million yuan, a fine of not less than 100,000 yuan but not more than 1 million yuan shall be imposed. Give a warning to the directly responsible person in charge and other directly responsible personnel, and impose a fine of more than 30,000 yuan and less than 300,000 yuan.

　　Article 49 Anyone who, in violation of the provisions of Article 19 of these regulations, fails to fully disclose the investment risks to investors and misleads them to invest in private equity fund products that do not match their risk identification ability and risk-taking ability shall be given a warning or informed criticism, and be fined between 100,000 yuan and 300,000 yuan; If the circumstances are serious, it shall be ordered to stop the private equity fund business activities and make an announcement. Give a warning or informed criticism to the directly responsible person in charge and other directly responsible personnel, and impose a fine of more than 30,000 yuan and less than 100,000 yuan.

　　Fiftieth in violation of the provisions of the first paragraph of Article 22 of these regulations, the private equity fund manager fails to put on record the raised private equity fund, and shall be fined from 100,000 yuan to 300,000 yuan. Give a warning to the directly responsible person in charge and other directly responsible personnel and impose a fine of not less than 30,000 yuan but not more than 100,000 yuan.

　　Article 51 Anyone who, in violation of the provisions of the second paragraph of Article 24 of these Regulations, uses the property of private equity funds for business or disguised business such as fund lending and loans, or asks the local people’s government to promise to buy back the principal, shall be ordered to make corrections, given a warning or informed criticism, his illegal income shall be confiscated, and he shall also be fined not less than 100,000 yuan but not more than 1 million yuan. Give a warning or informed criticism to the directly responsible person in charge and other directly responsible personnel, and impose a fine ranging from 30,000 yuan to 300,000 yuan.

　　Article 52 In violation of the provisions of Article 26 of these Regulations, if a private fund manager fails to employ senior managers with corresponding experience to take charge of investment management, risk control and compliance, or fails to establish a management system for employees’ investment declaration, registration, review and disposal, he shall be ordered to make corrections, be given a warning or informed criticism, and be fined not less than 100,000 yuan but not more than 1 million yuan. Give a warning or informed criticism to the directly responsible person in charge and other directly responsible personnel, and impose a fine ranging from 30,000 yuan to 300,000 yuan.

　　Article 53 If a private fund manager, in violation of Article 27 of these regulations, entrusts others to perform investment management duties, or entrusts an institution that does not conform to the provisions of the Securities Investment Fund Law to provide securities investment advice services, he shall be ordered to make corrections, given a warning or informed criticism, his illegal income shall be confiscated, and he shall be fined not less than 100,000 yuan but not more than 1 million yuan. Give a warning or informed criticism to the directly responsible person in charge and other directly responsible personnel, and impose a fine ranging from 30,000 yuan to 300,000 yuan.

　　Article 54 In violation of the provisions of Article 28 of these regulations, private fund managers who engage in related party transactions shall be ordered to make corrections, given a warning or informed criticism, their illegal income shall be confiscated, and a fine of not less than 100,000 yuan but not more than 1 million yuan shall be imposed. Give a warning or informed criticism to the directly responsible person in charge and other directly responsible personnel, and impose a fine ranging from 30,000 yuan to 300,000 yuan.

　　Article 55 Private fund managers, private fund custodians and their employees who commit any of the acts listed in Article 30 of these Regulations shall be ordered to make corrections, given a warning or informed criticism, their illegal income shall be confiscated, and they shall be fined between 1 and 5 times of their illegal income; If there is no illegal income or the illegal income is less than 1 million yuan, a fine of not less than 100,000 yuan but not more than 1 million yuan shall be imposed. Give a warning or informed criticism to the directly responsible person in charge and other directly responsible personnel, and impose a fine ranging from 30,000 yuan to 300,000 yuan.

　　Article 56 Private fund managers, private fund custodians and their employees who fail to provide and submit relevant information in accordance with the provisions of these Regulations, or commit one of the acts listed in Article 32 of these Regulations, shall be ordered to make corrections, given a warning or informed criticism, their illegal income shall be confiscated, and a fine of not less than 100,000 yuan but not more than 1 million yuan shall be imposed. Give a warning or informed criticism to the directly responsible person in charge and other directly responsible personnel, and impose a fine ranging from 30,000 yuan to 300,000 yuan.

　　Article 57 If a private equity fund service institution and its employees violate the provisions of laws and administrative regulations and fail to perform their duties diligently, they shall be ordered to make corrections, be given a warning or informed criticism, and be fined between 100,000 yuan and 300,000 yuan; If the circumstances are serious, it shall be ordered to stop the private equity fund service business. Give a warning or informed criticism to the directly responsible person in charge and other directly responsible personnel, and impose a fine of more than 30,000 yuan and less than 100,000 yuan.

　　Article 58 If private fund managers, private fund custodians, private fund service institutions and their employees violate these Regulations or the relevant provisions of the State Council Securities Regulatory Authority, and the circumstances are serious, the State Council Securities Regulatory Authority may take measures to prohibit the relevant responsible persons from entering the securities and futures market.

　　Refuse or hinder the the State Council securities regulatory agency and its staff from exercising their powers of supervision, inspection and investigation according to law, and the the State Council securities regulatory agency shall order them to make corrections and impose a fine of more than 100,000 yuan and less than 1 million yuan; If it constitutes a violation of public security administration, it shall be punished by the public security organ according to law; If a crime is constituted, criminal responsibility shall be investigated according to law.

　　Article 59 Any staff member of the the State Council securities regulatory agency or the registration and filing agency who neglects his duty, abuses his power, engages in malpractices for personal gain or takes advantage of his position to ask for or accept other people’s property shall be punished according to law; If a crime is constituted, criminal responsibility shall be investigated according to law.

　　Article 60 If anyone violates the provisions of these Regulations and the fund contract, he shall bear civil liability for compensation, pay a fine and confiscate his illegal income according to law, and his property is not enough to pay at the same time, he shall bear civil liability first.

　　Chapter VII Supplementary Provisions

　　Article 61 Measures for the administration of managers of foreign-invested private equity funds shall be formulated by the the State Council Securities Regulatory Authority in conjunction with relevant departments of the State Council in accordance with foreign investment laws, administrative regulations and these Regulations.

　　Overseas institutions may not directly raise funds from domestic investors to set up private equity funds, except as otherwise provided by the state.

　　Private fund managers shall comply with the relevant provisions of the state when conducting private fund business activities abroad.

　　Article 62 These Regulations shall come into force as of September 1, 2023.

　　CCTV News:On the morning of June 8, the State Council Press Office held a press conference to introduce the Overall Plan for the Construction of Hainan Free Trade Port. At the press conference, the relevant person in charge of the National Development and Reform Commission introduced Hainan Free Trade Port includingFree and convenient trade, free and convenient investment, free and convenient cross-border capital flow, free and convenient personnel entry and exit, free and convenient transportation, and safe and orderly data flow.6. The Overall Plan has made a series of institutional arrangements.

　　Including"zero tariff"In terms of institutional arrangements for liberalization and facilitation, freedom and facilitation of cross-border capital flows,Open capital projects in stagesTo promote the free and convenient flow of funds between Hainan Free Trade Port and overseas in an orderly manner. At the same time, in terms of freedom and convenience of transportation,Implement a highly free, convenient and open transportation policy.To promote the construction of an international shipping hub and aviation hub for the new land and sea passage in the west.

　　Lin Nianxiu, Deputy Director of the National Development and Reform Commission:In terms of trade freedom and convenience, the system of liberalization and convenience with "zero tariff" as the basic feature is implemented for trade in goods. For service trade, the liberalization and facilitation policy measures with the basic characteristics of "both access and quasi-operation" should be implemented. In terms of investment freedom and convenience, Hainan’s free trade market access has been greatly relaxed, further stimulating the vitality of various market players. In terms of free and convenient cross-border capital flow, we emphasize financial services to the real economy, and promote the free and convenient flow of Hainan Free Trade Port and overseas funds in an orderly manner around the liberalization and facilitation of trade and investment and the opening of capital projects in stages.

　　In terms of free and convenient access to personnel, we have implemented a more open talent and residence policy for high-end industrial talents, with the aim of creating a highland for talent gathering. With regard to transportation, we will implement a highly free, convenient and open transportation policy in terms of freedom and convenience, and promote the construction of an international shipping hub and aviation hub for the new land and sea passage in the west. In terms of the safe and orderly flow of data, under the premise of ensuring the safe and controllable flow of data, we will expand the opening of data fields and foster the development of digital economy.

[2023] No.56

Party: Jiangxi Star Technology Co., Ltd. (hereinafter referred to as Star Technology), and its domicile is Building B1 of Zhoujiang Intelligent Manufacturing Industrial Park, Pingxiang Economic Development Zone, Pingxiang City, Jiangxi Province.

Liu Jianxun, male, born in December 1962, was then the chairman of Star Technology, and his address was Anyuan District, Pingxiang City, Jiangxi Province.

Liu Langwen, male, born in July 1973, was then deputy general manager and chairman of Star Technology, and his address was Longgang District, Shenzhen City, Guangdong Province.

Pan Qingshou, male, born in September 1969, was then the director and general manager of Star Technology, and his address was Xianyou County, Putian City, Fujian Province.

Yang Shuming, male, born in October 1965, was then the deputy financial director of Star Technology, the general manager of the financial center and the assistant to the president of the financial center. His address was Hecheng District, Huaihua City, Hunan Province.

Zhang Shaohuai, male, born in September 1969, was then the supervisor of Star Technology, and his address was Pingxiang Development Zone, Jiangxi Province.

Chen Meifen, female, born in May 1969, was then the financial director of Star Technology, and her address was Jiaojiang District, Taizhou City, Zhejiang Province.

Li Juan, female, born in March 1977, was a supervisor of Star Technology, and her address was Longhua District, Shenzhen City, Guangdong Province.

Wang Jun, male, born in August 1973, was then the deputy general manager of Star Technology, and his address was Nanshan District, Shenzhen City, Guangdong Province.

Dong Shenglian, male, born in July 1974, was then the financial director of Star Technology, and his address was xiangdong district, Pingxiang City, Jiangxi Province.

According to the relevant provisions of the Securities Law of People’s Republic of China (PRC) (hereinafter referred to as "Securities Law"), I will investigate and hear the illegal behavior of Star Science and Technology Information Disclosure, and inform the parties of the facts, reasons, basis and rights enjoyed by the parties according to law. At the request of the parties Liu Jianxun, Liu Langwen, Pan Qingshou and Yang Shuming, we held a hearing on February 24, 2023, and listened to the statements and arguments of the parties and their agents. The party Chen Meifen made a statement and defense, but did not ask for a hearing. The case has been investigated and the trial has ended.

It has been found that Star Technology has the following illegal facts:

On April 29th, 2020, Star Technology’s annual report for 2019 revealed that the operating income, operating cost and total profit during the reporting period were 6,343,779,400 yuan, 5,323,872,400 yuan and 154,217,800 yuan respectively. On April 24, 2021, Star Technology’s 2020 annual report revealed that during the reporting period, the operating income was 8,298,158,000 yuan, the operating cost was 7,178,026,100 yuan, and the total profit was 43,770,500 yuan.

First, Star Technology inflated its operating income and total profit.

(A) Star Technology fictional sales business, inflated operating income

In 2019, fictional sales businesses such as Jiangxi Yihong Electronic Technology Co., Ltd. (formerly known as Jiangxi Xingxing Technology Co., Ltd., hereinafter referred to as Jiangxi Xingxing) and Pingxiang Xingxing Touch Technology Co., Ltd. (formerly known as Xingxing Touch Technology (Shenzhen) Co., Ltd., hereinafter referred to as Star Touch) inflated their operating income by 1,383,816,600 yuan.

In 2020, Star Technology subsidiaries Jiangxi Star, Star Touch, Star Precision Technology (Shenzhen) Co., Ltd. (hereinafter referred to as Star Precision) and Guangdong Xingchi Optoelectronic Technology Co., Ltd. (formerly known as Guangdong Star Optoelectronic Technology Co., Ltd., hereinafter referred to as Guangdong Star) and other fictitious sales businesses inflated their operating income by 3,192,179,000 yuan.

(B) Star Technology fictional leasing and processing business, inflated operating income.

In 2019, Star Technology subsidiary Star Precision, Star Touch and other fictitious leasing and processing businesses inflated its operating income by 55,193,600 yuan.

In 2020, Star Technology subsidiary Star Precision, Star Touch and other fictitious leasing and processing businesses inflated its operating income by 65,813,200 yuan.

(C) Star Technology fictional procurement business, inflated operating costs

In 2019, Star Touch, Jiangxi Star, a subsidiary of Star Technology, made fictitious purchases with a total amount of 401,652,100 yuan.

In 2020, Star Touch, Star Precision, Jiangxi Star and Guangdong Star, subsidiaries of Star Technology, made fictitious purchases, totaling 1,573,714,200 yuan.

(D) Star Technology falsely reduced operating costs through false purchase discounts.

In 2019 and 2020, Star Touch, a subsidiary of Star Technology, agreed on false discounts with suppliers. Through false discounts, Star Technology reduced its operating costs by 4,199,100 yuan and 1,548,100 yuan in 2019 and 2020 respectively.

After investigation, through the above fictitious sales, fictitious leasing and processing business, fictitious purchase and false purchase discount, Star Technology inflated its operating income by 1,439,010,200 yuan in 2019, inflated its operating cost by 265,101,600 yuan, and inflated its total profit by 1,173,908,600 yuan (excluding adjustments such as taxes and period expenses), accounting for 220% of the disclosed operating income in the current period respectively. In 2020, Star Technology inflated its operating income by 3,257,992,200 yuan, inflated its operating cost by 1,594,928,300 yuan, and inflated its total profit by 1,663,063,900 yuan (excluding the adjustment of taxes and period expenses), accounting for 39.26% of the disclosed operating income, 22.22% of the operating cost and 32.22% of the total profit respectively.

Star Technology held the 33rd meeting of the 4th Board of Directors and the 15th meeting of the 4th Board of Supervisors on December 24th, 2021, reviewed and approved the Proposal on Correction of Accounting Errors in the Previous Period and disclosed the announcement of accounting errors correction on December 30th, 2021.

Second, Star Technology understated the impairment loss of goodwill.

Star Technology completed the acquisition of 100% equity of Star Touch and Star Precision in December 2013 and July 2015 respectively. As of December 31, 2019, the book balance of goodwill formed by Star Technology’s acquisition of Star Touch and Star Precision was 305,939,200 yuan and 569,983,200 yuan respectively. Star Technology’s 2019 annual report and 2020 annual report disclosed that the goodwill formed by Star Technology’s acquisition of Star Touch and Star Precision has not been impaired.

After investigation, through the above-mentioned fictitious sales, fictitious leasing and processing business, Star Touch inflated its income by 200,332,600 yuan and 188,883,400 yuan respectively in 2019 and 2020; In 2019 and 2020, Star Precision inflated its income by 281,745,300 yuan and 492,768,500 yuan respectively. In 2019 and 2020, Star Technology conducted the goodwill impairment test on Star Touch and Star Precision based on incorrect financial basic data, resulting in less provision for goodwill impairment loss.

On December 30, 2021, Star Technology disclosed the announcement of accounting error correction, and the goodwill formed by Star Technology’s acquisition of Star Touch and Star Precision was impaired on December 31, 2019 and December 31, 2020. After the correction, Star Technology made a supplementary provision for impairment loss of goodwill of RMB146,719,600 in 2019, including RMB49,010,100 for the goodwill formed by the acquisition of Star Touch and RMB97,709,400 for the goodwill formed by the acquisition of Star Precision. In 2020, the impairment loss of goodwill was 729,202,800 yuan, including 256,929,100 yuan from the acquisition of Star Touch and 472,273,700 yuan from the acquisition of Star Precision.

In summary, there are false records in the 2019 annual report and the 2020 annual report of Star Technology.

The above-mentioned illegal facts are proved by relevant periodic reports, financial materials, explanations of the situation, bank flow, transcripts of relevant personnel’s inquiries and other evidence, which is enough to be identified.

The above-mentioned behavior of Star Science and Technology violates the provision of Paragraph 2 of Article 78 of the Securities Law that "the information disclosed by the information disclosure obligor shall be true, accurate, complete, concise and clear, and easy to understand, and there shall be no false records, misleading statements or major omissions", which constitutes the behavior of Paragraph 2 of Article 197 of the Securities Law that "the report submitted or the information disclosed by the information disclosure obligor has false records, misleading statements or major omissions".

Liu Jianxun, then Chairman, Pan Qingshou, then Director and General Manager, Liu Langwen, then Deputy General Manager, then Chief Financial Officer Chen Meifen, then Supervisors Zhang Shaohuai and Li Juan guaranteed the truthfulness, accuracy and completeness of Star Technology’s 2019 annual report, and signed written confirmation opinions on the annual report.

Liu Langwen, then chairman, Pan Qingshou, then director and general manager, then Wang Jun, then deputy general manager, then Dong Shenglian, then chief financial officer, then supervisors Zhang Shaohuai and Li Juan, guaranteed the truthfulness, accuracy and completeness of the 2020 annual report of Star Technology, and signed written confirmation opinions on the annual report.

The directors, supervisors and senior managers of Star Technology violated the provisions of the third paragraph of Article 82 of the Securities Law and the provisions of Article 58 of the Measures for the Administration of Information Disclosure of Listed Companies, which constituted the situation described in the second paragraph of Article 197 of the Securities Law. Among them, Liu Jianxun, then the chairman, Pan Qingshou, then the director and general manager, and Liu Langwen, then the chairman, organized and implemented the illegal acts of Star Science and Technology Information Disclosure, and was the person in charge who was directly responsible for the illegal disclosure of Star Science and Technology Information. At that time, supervisors Zhang Shaohuai and Li Juan, then deputy general manager Wang Jun, then chief financial officers Chen Meifen and Dong Shenglian were not diligent in their duties, and they were other persons directly responsible for the illegal disclosure of information on Star Science and Technology.

From July 2019 to October 2021, Yang Shuming served as deputy director of finance, general manager of financial center and assistant to president of financial center. Although he was not a director, supervisor or senior manager of Star Technology, he played a major role in illegal activities of information disclosure of Star Technology, and was one of the main participants and implementers of illegal activities of information disclosure of Star Technology. According to Article 17 of the Rules for the Determination of Administrative Responsibility for Illegal Information Disclosure, if a company organizes, participates in or implements illegal information disclosure or directly leads to illegal information disclosure, it shall be determined as the directly responsible person in charge or other directly responsible personnel according to the situation. Yang Shuming is the other directly responsible person for illegal information disclosure of Star Science and Technology.

Liu Jianxun and his agent put forward in their statements and hearings: First, there is no subjective intention or subjective fault in carrying out illegal acts in Liu Jianxun, and the illegal disclosure of information by Star Technology was organized and instigated by others. Second, Liu Jianxun violated the law for the first time with slight harmful consequences and corrected it in time. Liu Jianxun resigned as the director and chairman of Star Technology in February, 2021, and Star Technology has committed illegal accounting errors in August, 2021, which should be regarded as timely termination of illegal acts. At the same time, the main purpose of Star Technology’s illegal disclosure is to avoid the serious consequences of delisting and facilitate bank financing. Star technology has been reorganized successfully, and the harmful consequences of illegal disclosure of information are slight. Third, the financial fraud of Star Technology occurred in 2019, and its punishment should be applied to the Securities Law of People’s Republic of China (PRC) revised in 2005. In summary, I request a mitigated punishment.

Liu Langwen and his agent put forward in their statements and hearings: First, Liu Langwen does not belong to the person in charge who is directly responsible for the illegal disclosure of scientific and technological information of Star. It did not participate in the preparation of the 2019 annual report and was not responsible for the preparation of the 2020 annual report. The financial fraud of Star Technology is inspired by others, and the relevant decisions have nothing to do with Liu Langwen. The signing of relevant reports is based on the requirements of others and the company, and I believe that the audit of professional accounting institutions will be checked. Second, Liu Langwen, as a professional manager, has no internal motivation and requirements for financial fraud. After taking over as chief financial officer and chairman, he has taken corresponding measures and put forward corresponding plans to squeeze the water out of financial statements as much as possible. Third, my life is difficult and I can’t afford to pay a high fine. In summary, I request a lighter punishment.

Pan Qingshou and his agent put forward in their statements and hearings: First, Pan Qingshou did not organize and implement the illegal information disclosure, and was unaware of the illegal information disclosure of Star Science and Technology, so he was not directly responsible; Second, Pan Qingshou did not participate in the company’s production, operation and management, but signed it under the impetus of others based on the professional opinions confirmed by financial personnel and audit institutions. In summary, I request exemption from punishment.

Yang Shuming and his agent put forward in their statements and hearings: first, inform the facts in advance that they are wrong. Yang Shuming has no illegal motive for making fraud, and all the fraud behaviors he has carried out are arranged by the company leaders and only play a secondary role. His behavior is a duty behavior, and the relevant responsibilities should be borne by the company and should not be recognized as the directly responsible personnel. Second, Yang Shuming has a variety of mitigating circumstances. He has repeatedly verbally requested to stop illegal activities; Cooperate with the company to take remedial measures, actively cooperate with the investigation of illegal acts, make meritorious deeds, and reduce harmful consequences. Third, the illegal acts in this case occurred in 2019 and 2020, and the Securities Law before the revision should be applied. To sum up, I request a reduction or exemption from punishment.

In her statement and defense, Chen Meifen pointed out that, first, I did not have the substantive management authority of the chief financial officer in 2019, and I did not understand the relevant situation of the 2019 annual report. In order to ensure a smooth transition, he left his post on June 9, 2020 after signing the 2019 annual report. Second, during his tenure, he actively fulfilled his due diligence obligations in accordance with regulations; Third, I can’t afford a fine of 800,000 yuan. In summary, I request exemption from punishment.

After review, I will think that:

(a) about Liu Jianxun’s statement and defense.

First, Liu Jianxun organized the company’s "annual report working group" to "beautify" financial statements; Signed the Business Intermediary Cooperation Agreement and the Decision on Data Adjustment of the Company’s 2020 Annual Report with the cooperative counterfeiting unit, and the evidence on file is sufficient to prove its illegal behavior in organizing and implementing Star Science and Technology information disclosure. Its defense that people are instructed to engage in illegal acts and have no subjective fault cannot be established.

Second, the total inflated profit of Star Technology in 2019 accounted for 761.20% of the total profit disclosed in the current period, which had serious harmful consequences. Star Technology’s self-examination and correction of accounting errors occurred after Liu Jianxun left his post in August 2021, but he did not take the initiative to eliminate or mitigate the harmful consequences of illegal acts, which did not meet the statutory mitigation or exemption from punishment.

Third, Star Technology’s 2019 annual report was disclosed on April 20, 2020. The illegal information disclosure occurred after the Securities Law revised in 2019 came into effect. It is not improper for me to apply the Securities Law revised in 2019.

(2) defense opinions about Liu Lang’s question

First, as the then financial director and chairman of Star Technology, Liu Langwen was a member of the company’s "annual report working group", and cooperated with the capital operation of "financial beautification" to organize and implement the illegal information disclosure of Star Technology. Liu Langwen’s defense of "squeezing the water in financial statements as much as possible" also proves that he knows and participates in illegal information disclosure. The excuse that it is not responsible for the preparation of the 2020 financial report, is instructed by others, and has no motivation for financial fraud cannot be established.

Second, we have comprehensively considered Liu Langwen’s illegal facts and his position and role in engaging in illegal acts, and made administrative penalties according to the facts, nature, circumstances and social harm of his illegal acts. There is nothing wrong with the amount of punishment.

(3) Arguments about Pan Qingshou

First, Pan Qingshou, as a member of the company’s "Annual Report Working Group", was responsible for internal and external coordination and organized and implemented the illegal information disclosure of Star Technology. Its defense that it did not organize the implementation of relevant illegal acts and did not know the relevant situation of Star Technology could not be established.

Second, Pan Qingshou, as the then director and general manager of Star Technology, should fulfill his duty of diligence, pay necessary attention to the relevant situation of the company, and ensure that the contents of the relevant annual report signed by him are true, accurate and complete. Believing in professional advice and signing under the impetus of others are not excuses.

(four) about Yang Shuming’s statement and defense.

First, Yang Shuming took the initiative to put forward the way of financial fraud, and was responsible for contacting relevant entities to cooperate with financial fraud, and coordinating the financial personnel of subsidiaries to implement it internally. Yang Shuming plays a major role in the illegal activities of Star Science and Technology Information Disclosure, and is one of the main participants and implementers of the illegal activities of Star Science and Technology Information Disclosure. The defense reasons such as performing duties and only playing a secondary role are not established.

Second, Yang Shuming’s cooperation in accounting error correction and investigation of Star Science and Technology in 2021 has been taken into account in the penalty.

Third, the illegal disclosure of Star Science and Technology information occurred after the Securities Law revised in 2019 came into effect, so it is not improper for me to apply the law.

(five) about Chen Meifen’s statement and defense.

As the then chief financial officer of Star Technology, Chen Meifen should take the initiative to understand and continuously pay attention to the company’s production, operation and financial situation. Chen Meifen said that she didn’t know the relevant details of the 2019 financial statements, but she still signed the 2019 annual report of Star Technology as the chief financial officer, which is a performance of not being diligent and conscientious. I will make administrative punishment based on the facts, nature, circumstances and social harm of the illegal acts of the parties concerned, and there is nothing wrong with the amount of punishment.

To sum up, I will not accept the opinions of the above parties.

According to the facts, nature, circumstances and social harm of the illegal acts of the parties concerned, and according to the provisions of the second paragraph of Article 197 of the Securities Law, I will decide:

1. Give a warning to Jiangxi Star Technology Co., Ltd. and impose a fine of 6 million yuan;

2. Give warnings to Liu Jianxun, Pan Qingshou and Liu Langwen, and impose fines of 4.5 million yuan respectively;

3. Give a warning to Yang Shuming and impose a fine of 3 million yuan;

4. Zhang Shaohuai and Chen Meifen were given warnings and fined 800,000 yuan respectively;

V. Li Juan, Wang Jun and Dong Shenglian were given warnings and fined 500,000 yuan respectively.

The above-mentioned parties shall remit the fine to the bank of China Securities Regulatory Commission: the business department of China CITIC Bank Beijing Branch (A/CNo.: 711101018980000162) within 15 days from the date of receiving this penalty decision, and the bank will directly turn it over to the state treasury, and send a copy of the payment voucher with the name of the party to the office of the Administrative Punishment Committee of China Securities Regulatory Commission for the record. If a party refuses to accept this punishment decision, he may apply to China Securities Regulatory Commission for administrative reconsideration within 60 days from the date of receiving this punishment decision, or bring an administrative lawsuit directly to the people’s court with jurisdiction within 6 months from the date of receiving this punishment decision. During the period of reconsideration and litigation, the above decision shall not be suspended.

China Securities Regulatory Commission

July 21, 2023

　　Movie network news(Compile/Ji Zhongpeng) Hitomi Hasebe (26), a Japanese actress who announced her farewell to the film industry in April 2010 and married an outsider in October of the same year, joined a brand-new firm on May 1, 2011, which indicates that she will make a full-scale comeback. Recently, Hasebe revealed his expectation of coming back on his blog. "I hope to return to the audience as a newcomer and shoot more excellent works for everyone."
　

On May 26th, iQiyi (NASDAQ:IQ) released its unaudited financial report for the first quarter as of March 31st, 2022. The financial report shows that iQiyi’s revenue in the first quarter was 7.3 billion yuan, of which membership service revenue was 4.5 billion yuan, a year-on-year increase of 4%. The daily average number of subscribed members was 101.4 million, a net increase of 4.4 million compared with the fourth quarter of last year. Based on non-GAAP financial indicators, the operating profit was 330 million yuan, and the profit rate was 4%, which increased for three consecutive quarters and achieved quarterly profit for the first time.

Gong Yu, founder and CEO of Aiqiyi, said at the earnings conference call that day: "We realized the non-GAAP operating profit for the first time this quarter. This proves the effectiveness and strong execution ability of the company’s new strategy. I am very happy to see that this quarter’s performance exceeded expectations. "

Earlier, when releasing the financial reports for the fourth quarter and the whole year of 2021, Gong Yu announced that this year’s goal is to achieve breakeven at the operational level of non-GAAP for the whole year, and to achieve breakeven at the operational level of non-GAAP for the quarter as soon as possible.

Gong Yu explained that iQiyi achieved positive quarterly operating profit ahead of schedule through four major measures, including: the newly launched head content in the first quarter consolidated iQiyi’s market leading position, which brought growth to the membership size and monthly average single member income (ARM); Further improve operational efficiency through refined content scheduling and content promotion; Control costs and expenses while continuing to provide users with quality services; Further improve the sales ability through various ways.

Q1 explosion drama "In the World"

Gong Yu believes that Iqiyi’s performance in the first quarter is replicable, and will continue to implement the current operation strategy in the next few quarters, and believes that it will continue to achieve ideal results. He said that he is full of confidence in the future layout in terms of high-quality content; In terms of efficiency management, we will maintain the current streamlined and efficient organizational structure and continue to focus on improving efficiency.

Double growth of membership size and revenue, positive quarterly operating profit ahead of schedule.

In the first quarter, the membership business maintained steady growth, which provided strong support for the overall performance of iQiyi to exceed expectations. In the first quarter, membership service revenue was 4.5 billion yuan, up 4% year-on-year and 9% quarter-on-quarter. This indicator has increased year-on-year for nine consecutive quarters. The average number of subscribed members in the first quarter was 101.4 million, a net increase of 4.4 million compared with the previous quarter. In the quarter, ARM was RMB 14.69, up 8% year-on-year and 4% quarter-on-quarter. As of the first quarter of 2022, ARM has achieved year-on-year growth of 8% and above for five consecutive quarters.

This quarter, iQiyi focused on attracting users through high-quality new content, retaining users through rich and varied film library content, and adopting various operational measures to improve user loyalty and brand awareness. These measures were widely recognized by users and helped to consolidate the membership base, which in turn turned into stronger liquidity.

In the same period, the operational efficiency of the platform continued to improve. The cost continued to decline, and the revenue cost in the first quarter of 2022 was 6 billion yuan, a year-on-year decrease of 16%; Expenditure on sales and management expenses was 740 million yuan, a year-on-year decrease of 38%.

Q1 Financial Report Partial Data

"In the past three quarters, our gross profit margin has continued to grow and reached a record high in the first quarter of 2022. At the same time, operating expenses continued to decline for three consecutive quarters. " Wang Jun, CFO of Aiqiyi, said, "Behind these figures are our unremitting efforts to improve operational efficiency and enhance business expansion, so as to better prepare for long-term development."

Rich in content reserves

Operational efficiency improvement

Long-term development and supply gradual system

In the first quarter of 2022, iQiyi continued to launch high-quality content.

The newly launched "The World", "A Picture Book of Hunting Crime" and "Heart Residence" have gained a good reputation, but also achieved a double harvest of social value and commercial value. In particular, "In the World" became a national explosion, loved by audiences of different ages and backgrounds, and attracted 25 advertisers to cooperate with the platform. In addition, high-quality content shows a good long tail effect, and these series continue to produce steady performance after the closing.

Iqiyi focuses on building content business from production to operation in a systematic way.

According to the financial report data, the content cost of iQiyi in this quarter was 4.4 billion yuan, both year-on-year and quarter-on-quarter. Gong Yu said: "Our goal is to obtain the most suitable content with the best ROI (return on investment) while maintaining the overall competitiveness and market leading position of iQiyi, and to maximize the realization with a reasonable amount of content."

Among them, iQiyi uses technology to further improve the production efficiency.

In the first quarter, the AI dubbing technology IQ-Dubbing developed by iQiyi was widely used in film dubbing, which effectively optimized the cost and promoted the revenue of long tail content. The IP development strategy of "one fish eats more" explores multiple opportunities for realizing high-quality content. The first work of iQiyi’s "Ancient Chinese City Universe" series-"The Wind Rises in Luoyang" IP has signed contracts to authorize more than 20 customers, and developed a variety of derivatives such as tide play, jewelry, clothing, food and beverage.

Stills of "The Wind Rises in Luoyang"

In terms of content storage, iQiyi has been committed to improving original production capacity, and has now established the largest and most professional producer team in the industry. Iqiyi expressed confidence in this year’s content reserves, especially the multi-core drama reserves. In the second quarter, "Dear Children" and "The Wind Rises in Longxi" were well received.

As for the impact of the epidemic, iQiyi said that due to a considerable amount of original content reserves and the operational experience accumulated in the past two years to deal with the epidemic, this round of epidemic rebound since March this year has limited impact on the content reserves of iQiyi’s future dramas.

Improving the overall content quality is the focus of iQiyi’s work. The platform will continue to introduce high-quality content, improve the quality of content, and use the advantages of the platform to build the content ecology of iQiyi.

Among them, we will continue to build content brands, strengthen the advantages of iQiyi in the vertical track through the serialization strategy of long dramas and the theatrical mode. Benefiting from rich content reserves, the platform launched a series of good works in the second quarter. At present, Dear Children, Greetings to the Qing Dynasty, The Wind Rises in Longxi and The Night Walker have received enthusiastic response from users, and the highly anticipated original TV series Life as First Seen and Police Honor will also be launched. In terms of theater, Xiaodiao Theater will broadcast the third work "Breaking Elite", and this year, Love Theater will also launch five new dramas. Variety, animation and children’s content will all launch new works under the strategy of seasonal broadcasting. For the upcoming summer file, the platform has prepared rich and diverse high-quality content, covering all core content types to meet the needs of users in different circles.

Publicity map of "Police Honor"

Iqiyi will continue to produce and distribute original films to enrich the content ecology. On April 15th, the film "Edge Walker" which was shown in major cinemas has exceeded 130 million yuan at the box office. On April 1st, Iqiyi upgraded the online movie cooperation mode, from the previous accounting according to the broadcast volume to the accounting according to the duration. The new accounting mode helps high-quality films to stand out and achieve a win-win situation for both the film and the platform.

Iqiyi Extreme Edition and overseas markets have become new growth points.

Iqiyi explores growth opportunities through new business models. In the first quarter of 2022, iQiyi Extreme Edition and overseas business continued to maintain a strong growth momentum.

Through continuous efforts to improve product and user experience, overseas business achieved steady growth in membership revenue and advertising revenue in the first quarter.

Iqiyi Extreme Edition, as a good supplement to the main station APP, maintained a strong performance in various operational indicators this quarter, with a monthly DAU of 5 million in the first quarter and over 5 million in April. The monetization mode of Iqiyi Extreme Edition is mainly based on effect advertisements, which is obviously different from the monetization mode of the main station APP based on membership subscription. The user portrait, monetization mode and content consumption behavior of iQiyi Extreme Edition are very different from those of the main station APP. The user overlap between iQiyi Extreme Edition and the main station APP decreased further in this quarter, and the DAU overlap was only about 4% in March. The consumption of the content in the library of iQiyi Extreme Edition is significantly higher than that of the main station APP, which greatly enhances the long tail value of the content in the library. Iqiyi believes that the Extreme Edition has great growth potential in terms of user scale and liquidity.

"The first quarter was a breakthrough for the company." Gong Yu believes that "the encouraging performance in the first quarter also shows that the long video industry can continuously generate operating profits. We are full of confidence in the long-term healthy development of the industry. "

Original title: "Iqiyi 2022Q1 Financial Report: First quarterly profit, net increase of members in the quarter of 4.4 million"

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The stable version of Google Chrome browser was updated to version 125, adding relevant search suggestions and methods to improve online security.

Users can get suggestions related to previous searches in the search box, which are based on similar content searched by other users.

In terms of security, you can check the privacy and security settings through the "security check" function. If there are any security suggestions, Chrome will inform users.

In addition, Chrome browser stable version 125 contains 9 security fixes, and Google announced 4 fixes contributed by external researchers.

IT house with Chrome browser download address:https://www.google.cn/chrome/

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Chen Henan

　　Hello, I’m Chen Henan from Southeast Satellite TV. I am a journalist who is engaged in Taiwan-related and Taiwan-related news reports.

　　The Straits Forum is the largest non-governmental exchange platform between the mainland and Taiwan Province. Since the first session in 2009, more than 300,000 compatriots on both sides of the strait have participated together. In this process, my colleagues and I witnessed and recorded the feelings and blending of compatriots on both sides of the strait in the past 14 years.

　　On July 13th, the 14th Straits Forum was held in Xiamen. At the forum meeting that day, a representative of Taiwan compatriots’ speech caught everyone’s attention. He was Dr. Lin Shuren from Peking University who came to the mountainous area to start a business to help the poor. The story of him and his father in Daliangshan touched many people.

　　Mr. Lin Chunfu, Shuren’s father, chose to come to the mainland for development in the 1990s. After nearly 20 years of hard work, his enterprise has made small achievements in the industry. However, in 2011, 60-year-old Lin Chunfu put down the handicraft company with just the right momentum in Shenzhen and chose to retire. He came to Daliangshan, Sichuan, where he planted olives. At that time, the whole family thought Lin Chunfu was crazy. At the age of 60, it was too difficult for him to change the runway and start a new business. However, Lin Chunfu said, "It is normal to have difficulties in development. With the good policies of the mainland and the support of the government, it will be more emboldened to face difficulties."

　　In 2020, our film crew came to Hongmo Town, Mianning County, Liangshan Yi Autonomous Prefecture, Sichuan Province, where we interviewed the Lins’ father and son. When you first met Lin Chunfu, it was hard for you to imagine that this was a Taiwanese businessman who used to run a company with tens of thousands of employees. There are deep wrinkles in the corner of his eyes, and his skin is tanned. He is more like an agronomist we will meet in the fields.

　　Since 2011, the Lins’ father and son have built an olive plantation and set up an olive professional cooperative in Mianning County. When we interviewed them, the local olive plantation had grown from 600 mu at the beginning to 10,700 mu. Relying on the olive industry brought by the Lins’ father and son, more than 3,800 local farmers were lifted out of poverty and headed for a well-off society. Today, when I interviewed Lin Shuren, he told me that two years later, with the care and policy support of local governments at all levels, the olive plantation has expanded to more than 25 thousand mu, and they have increased the annual per capita net income of more than 6,800 farmers by more than three times.

　　The local Yi villagers thanked the Lins and their sons in a very special way. They gave the extra virgin olive oil a Yi name, Muduhani. In the Yi language, Muduhani means flame. The villagers said that the arrival of the Lins’ father and son brought us fire and hope in the Great Liangshan Mountain. This fire is the fire of getting rid of poverty, and this hope is the hope of getting rich.

　　During the fourteen years from 2009 to 2022, we encountered many stories of Taiwan compatriots like this in the interview process of the Straits Forum. The Straits Forum provides an unprecedented platform for cross-strait exchanges and exchanges. Taiwan Province compatriots share their experiences and tell what they see as the development of the mainland and the integration of the two sides. The launch of successive pragmatic measures, such as direct flights between the two sides of the Taiwan Straits, Taiwan Province compatriots’ travel to and from the mainland exempted from endorsement, and the landing of a new platform for cross-strait youth employment and entrepreneurship, has made the Straits Forum a "fast lane" for deepening cross-strait exchanges and cooperation and promoting cross-strait integration and development.

　　Faced with such communication momentum, some people can’t sit still.

　　In 2016, Taiwan Province Democratic Progressive Party authorities came to power, and the Straits Forum became a thorn in their side. They tried their best to prevent Taiwan Province compatriots from participating in the forum, restrict relevant personnel from going to the mainland, intimidate and threaten non-governmental groups not to participate, and prohibit branch activities from being held on the island.

　　In 2019, at the 11th Straits Forum, Huang Zhixian, a media person from Taiwan Province, took the stage to speak as a representative of Taiwan compatriots. Her sentence "Our generation will bring Taiwan Province home" has been played by hundreds of millions on the Internet.

　　On the third day after the Straits Forum speech, at ten o’clock at night, Huang Zhixian sent me a message through WeChat. She said that Taiwan Province’s Mainland Affairs Council would use criminal offences against her, but she was not afraid and would fight if she wanted to. After returning to Taipei, the program hosted by Huang Zhixian was suspended and cancelled due to special factors that were not supposed to exist. She had to find a new studio, a new production team and start all over again.

　　After learning the news, my colleagues and I immediately invited her to have an exclusive interview, asking her to talk about her feelings for the motherland, her desire for reunification, and what she encountered after returning to Taiwan Province.

　　Huang Zhixian said that sooner or later, the program would be cancelled, and she knew it. However, as long as there is a one-minute program, she will tell the truth to the audience she cares about and all Chinese.

　　Last August, I invited Huang Zhixian again for an exclusive interview. At that time, she had just returned from Xinjiang. She talked with me about her pride when she was vaccinated with domestic COVID-19 vaccine in mainland China, and about her experience of going through the southeast and northwest of the motherland in the past year. At the end of the visit, I once again mentioned her speech at the Straits Forum two years ago and the unfair treatment she encountered afterwards. She said that as long as we make "Taiwan independence" angry, we will succeed, and if we can make "Taiwan independence" angry, we will be more successful!

　　In 2009, the first report on the Straits Forum in the "Straits Shinkansen" column of Southeast Satellite TV was produced by me. In 2022, the report on the Straits Forum in the "Shinkansen" column is still presented to the audience through me. In the past fourteen years, my colleagues and I have witnessed the ebb and flow between the two sides of the strait, and recorded the good marriage forged by Taiwan Province compatriots on the mainland because of the Straits Forum. They found a stage to realize their dreams here, where they felt the ardent feelings of a family of compatriots on both sides of the strait.

　　"Good cross-strait relations will make Taiwan Province better". Expanding non-governmental exchanges and deepening integrated development are the right path in the world. Compatriots on both sides of the strait should walk together with one heart, work together, persevere and persevere. The motherland must be unified, and it must be unified. Our generation of Taiwanese journalists will be fortunate to be the recorder of this moment.

　　Thank you.

　　Fujian media group Chen Henan Taiwan Province 815 blackout report.

　　Chen Henan of Fujian Radio, Film and Television Group interviewed Hong Xiuzhu, former chairman of China Kuomintang.

　　On-the-spot Report of Fujian Radio, Film and Television Group Chen Henan’s Fuxing Air Disaster

　　Expert comments:

　　Our reporter Xu Yuzhe

　　After Midnight Food Store, a remake of Japanese TV series in the first half of this year, suffered from waterloo, the club "Domestic TV series remake of Japanese and Korean TV series will be spit out" has added a new member. Seven Me, a remake of the popular Korean drama Kill me Heal me in 2015, is being broadcast on Tencent video. Although the performance of starring Zray is remarkable, the score of the drama on Douban is only 4.7, which is close to 10,000 people’s scores. More than 30% of the audience scored a low score, and many viewers spit out that "the original version cures my disease, and this version will kill me."

　　Acting can’t save the "Chinese style" remake

　　Seven Ones tells the love story of Yizhen Shen III (Zray), a chaebol with seven personalities, and his secret female doctor Bai Xinxin. When the original version of the play "Kill Me and Heal Me" was broadcast in South Korea, it set off a nationwide drama chase craze, and the audience in China also bought it. The score of the play in Douban was as high as 8.8.

　　However, the original and the remake show a word-of-mouth gap between heaven and earth, and some viewers mercilessly call Seven Ones a "Chinese version" remake, that is, a copy of the original without innovation — — Everything from the scene design to the characters’ lines and performances is exactly the same as the original. Yizhen Shen, played by Zray in the play, has six other personalities besides the main personality. In all fairness, Zray’s performance is very hard, so there is such audience feedback: if it weren’t for Zray’s acting skills, there would be almost no other reason to watch the play.

　　The most prominent embarrassment of Seven Ones is the sound. The remake team almost completely translated the lines of Korean dramas, and made Zray, who speaks Beijing dialect, put on a turtleneck and white sweater to make a confession. The degree of disobedience even made the topic "The adaptability between domestic drama lines and Korean drama lines is zero" on the hot search list. In addition, Ji Ruze, a media person, bluntly said that in many classic paragraphs, the background music was inappropriate, the lines were awkward and blunt, and the camera rhythm was completely out of control, which made the bridge that was supposed to be affectionate and touching take a sense of embarrassment and joy, and this kind of embarrassment and joy was multiplied by the collapse of the modeling.

　　Some critics also believe that the success of the Korean version is because it breaks away from the cliche of love drama, pays attention to depicting the communication process between psychotherapists and splitters, and describes the whole process of redemption and redemption between protagonists and from opposition to reconciliation between main personality and deputy personality. Galen, the audience, was deeply impressed by the fact that Kill Me and Heal Me integrated reality into the character, allowing people to project their love for this character into their understanding and care for the split personality. But to her disappointment, Seven Ones, despite the same plot, failed to convey the deep meaning behind it, leaving only an empty shelf of "Mary Sue Idol Drama".

　　The "all-purpose oil" under the baton of ratings

　　In recent years, on the domestic screen, the remake of the original domestic drama from Japan and South Korea has become a hit. Five or six years ago, Hunan Satellite TV’s remake of The Temptation of Going Home was popular all over the country, which set off a wave of going home. Every once in a while, there will be a remake of David TV, such as Accidentally Falling in Love with You, a remake of the Korean drama Blue Life and Death Love, a remake of Love Through the Millennium from the Korean drama The Man of Queen Ren Xian, and a remake of Midnight Food Store from the same name.

　　The popularity of remakes of Japanese and Korean dramas is closely related to the theory of ratings only. Producer Nan revealed that with the introduction of the policy of "one drama with two stars", the already fierce battle for the TV drama market has become more intense, and the exclusive resources have become more and more urgent. A TV station has to "share" the imported drama with other TV stations at a high price, laying the groundwork for the popularity of the remake drama. "More and more TV stations and websites have realized that they should make their own TV series, and the remake can reduce the risk because of its previous market base." In the view of Zhang Jiapu, a practitioner in the film and television industry, this kind of remake drama is like a "tiger balm". Many investors firmly believe that this kind of drama has made both fame and fortune, but it can be said that it can only earn money without losing money.

　　Unfortunately, although the ratings of remakes such as Beautiful Li Huizhen are very popular, the quality of most remakes is far from the original. However, the producers seem to turn a blind eye to this and are still obsessed with remake. According to industry insiders, this lazy production mode looks beautiful, but it is actually dangerous. Tang Ping, a media person, admits that the extremely perfunctory and quick-money mentality in the remake of Chinese dramas is an important reason that directly leads to a large number of remakes, and Seven Ones is a recent negative demonstration.

　　The remake of the drama should focus on "localization"

　　In the first half of this year, Huang Lei’s remake of Midnight Food Store made the audience disappointed. At that time, some critics pointed out that the biggest problem of "Midnight Food Store" was that it was "localized" and completely imitated the Japanese style. Except that the pickled noodles in the old altar in the play could bring back a little intimacy, the character setting and plot were neither fish nor fowl, and eventually it fell into an embarrassing situation of losing both reputation and ratings.

　　The audience often feel that most of the remakes of domestic dramas lack new ideas, and they often wander between following the original and creating new ideas, so that they often lose the charm of the original and fail to create a new realm, giving the audience a sense of cottage. For example, the remake of "What is Dating and Love" from a Japanese drama has adjusted some details, such as replacing kendo with fencing, and localizing many plots, but the whole drama still has a strong sense of reproduction, let alone surpassing the original.

　　A prominent problem is that at present, most of the remakes of Chinese dramas are still in the fur stage. The film and television critic "Niu Jiao Jian" thinks that simply and rudely changing the actors and changing the story background seems to be the biggest "movement" that can be made in the process of remake, and there are very few real adaptations to local conditions. In Ji Ruze’s view, a remake is a film and television translation. If we only seek accuracy, the best situation is only excellent "machine translation". "Only by organically replacing and adapting the original content can we create ‘ Xindaya ’ If you can’t understand this, the embarrassing situation of "Seven Ones" will be staged. "