Regulations on the supervision and administration of private investment funds

  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.

Development of statistical work in the Ministry of Agriculture and Rural Affairs

  Statistical work is an important basic work in the agricultural and rural sectors, which is not only an important content for the agricultural and rural sectors to perform their duties, but also an important basis for guiding agricultural production and coordinating agricultural and rural economic development. Since the founding of New China, our department has established successively around the main fields of agriculture and rural areas.23 sets of statistical investigation systems, and statistical investigation data have played an important role in comprehensively improving the timeliness and effectiveness of agricultural and rural economic operation information. 

  I. Basic information 

  Over the years, in accordance with the requirements of the National Statistics Law and the division of responsibilities among departments, the Ministry has successively established.23 sets of statistical investigation systems. Has the following characteristics: 

  First, the investigation has a long history and many tasks.From the early days of the founding of the People’s Republic of China, the agricultural statistical report system was still in the experimental stage, and the Ministry of Agriculture was responsible for the statistics of agriculture, animal husbandry and fishery production and agricultural mechanization management.1949 and1950In 2000, the investigation items such as the Statistical Report System of Agricultural Mechanization Management and the Comprehensive Agricultural Statistical Report System were established respectively.twentycentury50During the period of agricultural cooperation in the 1990 s, rural management statistics were established.1952After the establishment of the National Bureau of Statistics in, the statistical report system was developed and implemented by the agricultural department and the statistical department.Jointly formulate, jointly arrange, jointly summarize and report separately."The principle of. The establishment of agricultural statistical report system and index system in this period laid the foundation for the division of labor and cooperation between agricultural departments and statistical departments. With the rapid development of agriculture and rural economy and the continuous improvement of agricultural statistical report system, most professional statistical surveys were established in the last century.80Age. The price report system of major agricultural products and agricultural means of production, the cost survey of agricultural products, the national statistical report system of rural renewable energy, the national statistical report system of basic data of agricultural and rural economy in counties, and the national statistical report system of personnel and labor in state-owned units of agricultural system are all established in80Age. In accordance with the requirements of establishing a socialist market economic system,1994Since, the Ministry of Agriculture has strengthened the statistics of agricultural market information, and the comprehensive agricultural statistics work has been undertaken by the Marketing Department. After checking the survey results with the survey data of the National Bureau of Statistics, the relevant agricultural statistics of the Ministry have been compiled.2008Since, our department has strengthened the centralized management of comprehensive statistics, established an important data sharing system, strengthened information release, and increased the monitoring statistics of animal husbandry.2013In, after the supervision and management function of pig slaughtering was adjusted to our department, the Statistical Report System of Pig Slaughtering and Other Livestock and Poultry, which was originally implemented by the Ministry of Commerce, was organized and implemented by our department.2018In, the Statistical Investigation System of Farmland Construction Management was established. At this point, our department has established23A statistical survey project. 

  Second, the scope of the investigation is wide and the content is complete.The agricultural sector survey is aimed at the vast number of farmers, agricultural enterprises and agriculture-related enterprises and departments, with the characteristics of large quantity, wide scope and long legs. The statistical investigation system of our department adopts the method of combining comprehensive investigation, sampling investigation and key investigation. From the perspective of comprehensive investigation, it covers the rural management, rural energy and agricultural mechanization management departments of all provinces (autonomous regions and municipalities) and the agricultural system organs, institutions and state-owned enterprises of all provinces, prefectures, counties and townships. From the sampling survey, comprehensive agricultural statistics cover555 counties, price survey coverage302Counties and cost survey coverage323Counties, fixed observation points survey coverage357Counties360A village,23000Many farmers and herdsmen, animal husbandry survey involves760A county,5800A village, etc. From the survey content, it covers many aspects of agricultural production and management, mainly including: agricultural comprehensive statistics, production statistics (including planting, animal husbandry and fishery), production service statistics (seeds, soil fertilizers, plant protection, agricultural machinery and feed), market price statistics (prices of main agricultural products and agricultural means of production, prices of livestock and poultry products and feed, and prices of aquatic products), rural management, cost and benefit of agricultural products, land reclamation, and so on. 

  Third, the frequency of investigation is high and there are many varieties.There are many kinds of agricultural products in China, and the seasonal and regional differences are great, so it is urgent to use staged and progressive data as the basis for decision-making. In recent years, the production of some agricultural products in China has fluctuated greatly, and the prices fluctuated sharply. Producers generally complained that they could not get enough information before making decisions. As the national agricultural production management department, it is an important basis and necessary premise for scientifically judging the situation, supporting decision-making, guiding production and guiding the market to timely grasp the intended planting area, sowing progress, seedling growth and yield prediction of crops by region and variety, and important livestock and poultry slaughter industry monitoring and agricultural product market information. The investigation frequency of Monthly Calendar of Agricultural Situation Dispatching and System of Comprehensive Agricultural Statistics Report forms keeps a close eye on the important agricultural time, monitors the planting area and yield of scheduled crops, the progress of spring sowing, summer harvest and autumn and winter planting, and timely reflects the agricultural production in different periods. 

  Second, the development of statistical work 

  Our department has always attached great importance to agricultural statistics. In accordance with the requirements of establishing a modern service-oriented agricultural statistics system, combined with the actual situation in agriculture and rural areas, we have steadily promoted the reform and innovation of statistical work, constantly improved statistical investigation projects, implemented funds and personnel protection, strengthened personnel training, and made positive progress in the implementation of statistical investigation projects. 

  (a) to carry out statistical investigations in accordance with the law.The first is to carry out statistical investigations according to law. According to the relevant provisions of the Statistics Law of the People’s Republic of China and the Measures for the Administration of Departmental Statistical Investigation Projects, the statistical report system shall be designed scientifically and reasonably, and submitted to the National Bureau of Statistics for approval or filing in time. The second is to rationally adjust the content of statistical investigation. Closely combined with the new situation of agricultural and rural development, actively absorb the opinions of grass-roots agricultural departments, scientifically adjust the contents of statistical report system, improve the interpretation of indicators, eliminate the ambiguity of interpretation, delete unreasonable or difficult statistical indicators, fundamentally put an end to data fraud and improve data quality. The third is to issue statistical investigation norms. Issued the Comprehensive Statistics Work Standard of the Ministry of Agriculture, the Price Survey Standard of the Main Agricultural Products and Agricultural Means of Production of the Ministry of Agriculture, and the Cost Survey Standard of Agricultural Products of the Ministry of Agriculture, so as to standardize the grassroots statistical investigation behavior. Organize experts to compile "Handbook of Agricultural Information Work" and "Guide Manual of Agricultural Calendar in Northeast China" to clarify the content and process of agricultural information work, so that the agricultural information work can be rule-based, standardized and orderly. The Regulations on Fishery Statistics and the Interim Measures for Assessment of Fishery Statistics were promulgated to standardize fishery statistics activities, clarify the rights and obligations of statistical agencies and statisticians, and establish a system of supervision, inspection and punishment for statistical violations. 

  (two) the use of modern information technology, improve the means of data submission.The first is to implement online direct reporting. depend on"JinNong project?"A multi-network direct reporting platform such as agricultural comprehensive statistical information collection system, agricultural mechanization information statistics system and soil and fertilizer information statistics system has been established to further improve the efficiency and quality of data reporting. Using animal husbandry statistical monitoring system to realize data submission.one pole penetrating to the bottom—carry (a task/directive/etc) down to the grass-roots level"The information collected by fixed monitoring points at the grassroots level is directly reported to the central database, and cannot be changed at the provincial and municipal levels. The second is to improve the system functions. In order to speed up the construction of a sound network, efficient operation, quick response and accurate judgment of the agricultural information dispatching system, the Planting Division integrated the originalthreeA dispatching system, build a national agricultural information dispatching system, combine surface dispatching with sampling survey and fixed-point monitoring, and build a nationwide coverage.32Provincial agricultural departments and600The agricultural dispatching network of a base county, and guide all localities to improve the functions of the provincial dispatching system according to the actual situation to ensure the smooth and efficient operation of the new system. The third is to use big data and remote sensing modern information technology to improve investigation methods. Issued the "Agricultural and Rural Big Data Pilot Program", in21Provinces (autonomous regions and municipalities) to carry out pigs, oranges, etc.eightPilot project of big data in the whole industrial chain of single variety of agricultural products, and explore the integrated application of big data in the agricultural field. Using satellite remote sensing technology, rice, corn, cotton and so on.fiveMonitor the growth, yield, disaster situation and soil moisture of large crops to improve the accuracy and scientificity of decision-making. 

  (3) Strengthen data quality audit and supervision and inspection.The first is to clarify the special person to review the data. Clear person in charge of agricultural statistics audit, establish a double check audit mechanism by statisticians and business offices, find wrong data returned for correction, and find abnormal data requires provinces to submit abnormal descriptions, and strive to truly and accurately reflect all aspects of rural management. Explore the establishment of a team of statistical experts, deploy provincial statistical backbones to form an expert team, and centrally review data. The second is to carry out cross-examination to verify the accuracy of the reported data. The third is to carry out data quality supervision. In accordance with the requirements of the Statistics Law of the People’s Republic of China and the Provisions on Fishery Statistics, the Fisheries Bureau regularly organizes the supervision and inspection of fishery statistics, focusing on the inspection of fishery statistics work security, system construction, work development and organizational discipline, ensuring that fishery statistics work is carried out according to laws and regulations, maintaining the seriousness and authority of fishery statistics data, and providing more powerful data support for the restructuring of fisheries. 

  (D) actively explore the "three new" statistics.With the continuous integration and development of rural primary, secondary and tertiary industries, new industries, new formats and new business models are constantly emerging.In 2015, we will study the monitoring index system of leisure fishery development.2016Establish a monitoring report for leisure fishery development in,2017In 2008, the monitoring of leisure fishery development was officially carried out, and the development of leisure fishery was structured and quantified for the first time, which provided important support for comprehensively reflecting the effectiveness of fishery transformation and upgrading and restructuring. 

  (5) Strengthen team building.Strengthen the professional training and work assessment of statisticians, and constantly strengthen team support. Arrange agricultural statistics training courses every year, invite experts to explain the land system reform, the collective property rights system reform, the development of family farms, and the matters needing attention in reporting, and arrange the relevant work of the annual agricultural statistics report of that year. 

  Third, the main results 

  From the implementation effect, after years of construction and continuous improvement, agricultural statistics has achieved positive results, service products have been continuously enriched and service capabilities have been continuously improved. 

  One isStatistical products such as Brief Introduction of Agriculture and Rural Economy in China, Data Manual, Summary of Agricultural Statistics and China Agricultural Statistics are compiled every year to provide various data service products for leaders’ decision-making, industries and the whole agricultural system. 

  The second isAgro-economic statistics Various analysis reports based on national rural land circulation, moderate scale management, collective property rights system reform and other statistical data have become an important reference for the innovation of agricultural and rural management system and mechanism, and have played an important role in the decision-making of the central government and leaders at all levels. 

  The third isThe construction of animal husbandry monitoring and early warning system has been continuously promoted, with monthly reports on production, weekly reports on prices, daily reports on emergencies, trends in the future, information on information and external voices. 

  The fourth isFishery has formed statistical products such as statistical yearbook, statistical bulletin, monthly statistical report, quarterly report and annual analysis report.In 2010, China Fishery Statistics Yearbook was published for the first time, and the service target of fishery statistics expanded the whole society. 

  The fifth isThe planting industry should strengthen the scheduling analysis of summer grain, early rice, autumn grain, cash crops and the annual planting production situation, and make a situation judgment as soon as possible. In key agricultural seasons such as spring sowing, summer harvest in summer sowing, autumn harvest and autumn planting, timely dispatch and reflect production dynamic information such as sowing, harvest progress, crop growth, disaster situation and yield forecast. 

  Six isInformation release has been further strengthened. Improve the information release mechanism, and continue to release authoritative information on agricultural products market through seamless docking every day, week, month and quarter to further improve the quality and effect of information services. Daily release"wholesale price of agricultural products200index", release the wholesale market prices of fresh agricultural products and the prices of international bulk agricultural products; Release corn, soybean, cotton, edible vegetable oil and sugar every month.fiveBalance table of supply and demand of varieties and rice, wheat, corn, soybean, pig, etc.19Monthly report on the analysis of supply and demand situation of three varieties; Hold quarterly information conferences on key agricultural products markets to interpret market hotspots and respond to social concerns; Agricultural outlook, China Congress is held every year, which is of great significance to the current year and the future.10The supply and demand situation of agricultural products market in 2008 is prospected.

Firmly grasp the basic national conditions in the primary stage of socialism

  A correct understanding and accurate grasp of the basic national conditions in the primary stage of socialism is the foothold and starting point for building a well-off society in an all-round way and winning the great victory of Socialism with Chinese characteristics in the new era. The report of the 19th National Congress of the Communist Party of China clearly pointed out that the changes in the main contradictions in our society have not changed our judgment on the historical stage of socialism in China, and the basic national conditions that China is still in the primary stage of socialism for a long time have not changed. This is a scientific judgment made by the CPC Central Committee with the Supreme Leader as the core, accurately grasping the changing new features of the primary stage of socialism and the staged features of China’s social development in the new era, which provides a fundamental basis for formulating the Party’s principles and policies in the new era and enriches and develops Socialism with Chinese characteristics’s theoretical system.

  First, our country is in the primary stage of socialism, which is a scientific conclusion drawn by our party from historical exploration.

  China is now in the primary stage of socialism and will be in it for a long time. It is a major theoretical innovation of our party to make an overall and overall judgment on China’s national conditions in terms of social nature and development stage on the basis of inheriting and developing the theories of classical Marxist writers on the stages of socialist development and in the process of long-term socialist construction practice.

  Marx believes that the communist society established after the elimination of private ownership has a process from low to high, from immaturity to maturity, from imperfection to perfection. He clearly divides the communist society into two different stages of development, namely, the first stage and the advanced stage, which are both interrelated and different. This idea of Marx has made clear the direction for future generations to continue to explore the stage of socialist development. Lenin proposed for the first time to replace the first stage of communist society and the advanced stage of communist society with socialist society and communist society, and distinguished socialism from communism. Lenin realized that socialism itself is a development process, which needs gradual transition in stages, and put forward the concepts of "primary form socialism", "developed socialism" and "complete socialism". Lenin’s formulation of "primary form of socialism" contains the thought of the primary stage of socialism, which reflects the complexity and arduousness of building socialism in countries with relatively backward economy and culture. Marx’s and Lenin’s theory on the stage division of socialism and communism provides a theoretical basis for our party to understand and deal with this problem.

  ?

  ?The whole party should firmly grasp the basic national condition of the primary stage of socialism, firmly base itself on the greatest reality of the primary stage of socialism, and firmly adhere to the party’s basic line, the lifeline of the party and the country and the happiness line of the people.

  Second, the changes of the main social contradictions in China in the new era and the basic national conditions in the primary stage of socialism remain unchanged

  In the new era of Socialism with Chinese characteristics, with the development of China’s economy and society and the improvement of modernization level, the main social contradictions in China have changed. The change of the principal contradiction in our society has not changed our party’s judgment on the historical stage of our socialism.

  Since the founding of New China, especially since the reform and opening up, historic changes have taken place in the cause of the party and the state, and historic achievements have been made in the reform and opening up and socialist modernization. The features of the party, the country, the people, the army and the Chinese nation have undergone unprecedented changes, and the Chinese nation is standing in the east of the world with a brand-new attitude. Since the 18th National Congress of the Communist Party of China, Socialism with Chinese characteristics has entered a new era. On the basis of stably solving the problem of food and clothing for more than one billion people and realizing a well-off society as a whole, China will build a well-off society in an all-round way. The people’s needs for a better life are increasingly extensive, which not only puts forward higher requirements for material and cultural life, but also increases the requirements for democracy, rule of law, fairness, justice, security and environment. On the whole, the level of social productive forces in China has been significantly improved. After the social productive capacity has entered the forefront of the world in many aspects, the more prominent problem it faces is insufficient development imbalance, which has become the main constraint to meet the people’s growing needs for a better life. This also fully shows that the original expression of the main contradiction in our society "the contradiction between the people’s growing material and cultural needs and backward social production" can no longer objectively reflect the new reality and new changes. The report of the 19th National Congress of the Communist Party of China made a new statement about the major social contradictions, that is, "Socialism with Chinese characteristics has entered a new era, and the major social contradictions in our country have been transformed into contradictions between the people’s growing needs for a better life and the unbalanced development",This is a major judgment from the combination of history and reality, theory and practice, domestic and international.

  The report of the 19th National Congress of the Communist Party of China emphasizes: It must be recognized that the changes in the main contradictions in our society have not changed our judgment on the historical stage of socialism in China, and the basic national conditions that China is still in the primary stage of socialism for a long time have not changed. We must grasp the dialectical relationship between "change" and "unchanged".

  The understanding of the primary stage of socialism should not be viewed only from the level of economic development, but from the overall development of socialist cause, involving basic social contradictions, overall strategic layout, social development level, people’s requirements for fairness and justice and so on. From the basic national conditions in the primary stage of socialism, there are still various new problems and contradictions in China’s economy, politics, culture, society and ecology in the new era. It is mainly reflected in the following aspects: as the second largest economy in the world, China’s per capita GDP is only about 80% of the world average, some outstanding problems of insufficient development imbalance have not been solved, and there are still a long way to go in terms of development quality, innovation ability, public services and ecological protection. There are still many shortcomings in the field of people’s livelihood, the level of social civilization needs to be improved, the national governance system and governance capacity need to be strengthened, and some reform arrangements and major policies and measures need to be further implemented. This shows that the phased changes in the main contradictions in our society have not changed the situation of underdeveloped productive forces and imperfect production relations in China as a whole. The scientific judgment in the report of the 19th National Congress of the Communist Party of China on the "change" and "invariability" of the main social contradictions and the basic national conditions in the primary stage is an important practice for our party to apply Marxist materialist dialectics to China’s social development, a significant development of the basic principles of Marxism and an important contribution to world socialism.

  Three, based on the reality of the primary stage of socialism to implement the spirit of the 19th National Congress

  The 19th National Congress of the Communist Party of China is a landmark congress in the history of our party. The political achievements, theoretical achievements, institutional achievements, major strategic arrangements and major innovative measures made by the congress will certainly have a significant and far-reaching impact on the development of the cause of the party and the country in the coming period. We should closely unite around the CPC Central Committee with the Supreme Leader as the core, base ourselves on the greatest reality of the primary stage of socialism in China, closely follow the major contradictions and changes in our society, thoroughly implement the spirit of the 19th Party Congress, and make new contributions to the realization of the Chinese dream of the great rejuvenation of the Chinese nation.

  Proceed from the basic national conditions and implement the basic strategy. Since the 18th National Congress of the Communist Party of China, the CPC Central Committee with the Supreme Leader as the core has taken charge of the "Four Greatness", promoted the overall layout of the "Five in One" as a whole, and coordinated the promotion of the "Four Comprehensive" strategic layout, thus forming a basic strategy for upholding and developing Socialism with Chinese characteristics in the new era. The Supreme Leader’s Socialism with Chinese characteristics Thought in the New Era is the expression of guiding ideology, and it is called the basic strategy of Socialism with Chinese characteristics at the level of action program. This means upholding the Party’s leadership over all work, taking the people as the center, comprehensively deepening reform, adhering to the new development concept, insisting that the people are the masters of the country, upholding the rule of law in an all-round way, upholding the socialist core value system, upholding the protection and improvement of people’s livelihood in development, upholding the harmonious coexistence between man and nature, upholding the overall national security concept, upholding the Party’s absolute leadership over the people’s army, upholding "one country, two systems" and promoting the reunification of the motherland, upholding the building of a community of human destiny, and upholding the comprehensive and strict administration of the party. To uphold and develop Socialism with Chinese characteristics in the new era, we must base ourselves on the greatest reality of the primary stage of socialism. We should not only fully see the great development achievements and increasing favorable conditions in China in recent years, but also clearly see the difficulties, problems and unfavorable factors in development, fully implement the Party’s basic theory, line and strategy, and better promote the all-round development of people and society.

  Starting from the basic national conditions, winning the battle to build a well-off society in an all-round way. The 19th National Congress of the Communist Party of China made a strategic plan for the development of Socialism with Chinese characteristics in the new era, from building a well-off society in an all-round way to basically realizing modernization, and then building a socialist modern power in an all-round way. Building a well-off society in an all-round way and achieving the goal of the first hundred years of struggle is a solemn commitment made by our party to the people and to history. From now until 2020, it is the decisive period for building a well-off society in an all-round way. Our party should base itself on reality, unite and lead the people of all ethnic groups in the country, focus on key points, fill shortcomings and strong and weak items in accordance with the requirements of building a well-off society in an all-round way, especially resolutely fight hard battles to prevent and resolve major risks, accurately get rid of poverty and prevent pollution, and make overall plans to promote economic construction, political construction, cultural construction, social construction and ecological civilization construction. Firmly implement the strategies of rejuvenating the country through science and education, strengthening the country through talents, innovation-driven development, rural revitalization, regional coordinated development, sustainable development and integration of defense and civilian technologies development, and strive to build a well-off society with more developed economy, more sound democracy, more advanced science and education, more prosperous culture, more harmonious society and more affluent people’s lives, and build a well-off society that is recognized by the people and can stand the test of history, and successfully achieve the goal of the first century. On this basis, we will continue to forge ahead, achieve the goal of the second century, and build China into a prosperous, strong, democratic, civilized, harmonious and beautiful socialist modernization power.

  Proceed from the basic national conditions and advance the great cause. Socialism with Chinese characteristics is the theme of all the Party’s theories and practices since the reform and opening-up, the fundamental achievement made by the Party and the people through painstaking efforts and at great cost, and the fundamental direction for the development and progress of contemporary China. The general basis for building Socialism with Chinese characteristics is the basic national conditions in the primary stage of socialism. We should carry forward the past and forge ahead into the future, firmly grasp the basic national conditions that China is and will be in the primary stage of socialism for a long time, firmly base ourselves on the greatest reality of the primary stage of socialism, firmly grasp the staged characteristics of China’s development, and firmly grasp the people’s yearning for a better life. We should not only avoid the problems of falling behind reality and the times, but also prevent us from entering the misunderstanding of being divorced from reality and surpassing the stage, being eager for success and being impatient. Neither take the old road of being closed and rigid, nor take the evil road of changing the flag. Put forward new ideas, new strategies and new measures, truly do our best and do what we can, maintain the style of hard struggle, more consciously enhance Socialism with Chinese characteristics’s road confidence, theoretical confidence, institutional confidence and cultural confidence, always adhere to and develop the biggest theme of Socialism with Chinese characteristics, constantly enrich Socialism with Chinese characteristics’s practical characteristics, theoretical characteristics, national characteristics and characteristics of the times, and comprehensively promote the great cause of Socialism with Chinese characteristics.

  (Author: Sun Di, Liu Xueli, Theoretical Research Center of the Party History Research Office of the CPC Central Committee)

Reading: Non-mainstream sentimental boys’ WeChat screen name: Guo, Guo, Guo, Guo, Guo.

A lie hanging in my heart ×

(1) I’m bored, and I’m bored

Over-the-top, over-the-top, over-the-top

-Nothing else.

Self-deception, pathetic

It’s a good idea.

~ Mr Mu Zi.

No matter what is wrong, you will not give in.

No matter how painful your heart is, try to smile/*

The warmest *

I like to gossip er▼

▼ Drowners -1a/z

For whom/

A persistent man will lose "and won’t cry"

_ black rendering that moment of silence.

The deductive person in the story.

It’s too far between you and me.

In the past years, the flowing water has fallen out of love.

Love, love and past tense.

Unforgettable memories/*

-I just waited for the wrong person

I can’t forget it after all/*

She said that you came to me because you were lonely.

It’s cruel to open a wound-

One person is ruined | one person is drunk.

|▍▍▍▍▍▍2

A man who has been played.

Disguising the tears that can’t stop-

┛。 Life is like nothing.

Your beauty without makeup is still beautiful.

The oath is just a momentary slip of the tongue.

The days spent together in those years.

Gray tells your depression.

Maybe I won’t give up when I see you next time

Memories can die and never stop.

Looking back suddenly, why haven’t you left?

Spread the black wounds

Dedicate to those dead smiles.

Humble people can also crave love.

Next page: An Xiaoxuan

What you want is not to be hot and cold.

After a long time, I left. "

Put all your eggs in one basket;

Disturbed the young heart-/

Miss is just your own pure being mean.

A man as hot as a firework

Selfish, selfish, selfish

No matter how beautiful the oath is, it is only perfunctory.

Your promise is drowned in lies.

Dry your memories in the sunshine//

A touch of masculine fragrance ≈ .–~

I am a farmer’s child.

┛。 The Aegean Sea is also sad.

I love you, that’s all.

Looking at the past on parallel lines

I met you in the most beautiful time.

Don’t take others so seriously.

You say I love touching the scene too much-

Let me not have the courage to touch/

Disturb the young heart

Only not mediocre *

Tired in the wind

You exist in my deep mind.

I can also give up all over the world.

Let’s escape together

I have no strength to be happy.

Loneliness is like a chain reaction.

Willing to infect your breath

As time flies, I only care about you

Who says I can’t live better? "

Often affectionate but not merciful.

I want your dependence

Flower world, why take it seriously?

Wound mark lei lei

The loveless girl, the most distressing parting.

I have caught a cold in this corner.

Men don’t care about idleness,

Pride, never seeing again,

I can’t see through the distractions of life.

He can do anything for his brother.

Don’t touch ambiguity when you have love.

No matter how deep the lip print is, it won’t go deep into the heart.

Each is well.

Where’s the smile?

Holding hands and embracing each other, the years are fleeting. .

Farewell wounds, only saying goodbye does not hurt.

Listen to love songs and shed tears.

It’s raining hard and I don’t understand my sadness.

What you mean by indifferent is just tasteless,

The rosewood has not been extinguished, and I have not left.

ˉ that → Just once.

Half city misty rain and half city sand.

The warmth of sunshine.

The touch of green in my memory.

∞ Small thoughts, pulling back and forth

How much to pay and finally betray.

Don’t love me, I’m not sure.

An isolated d. man.

Once we laughed together,

Give you a smile

It’s all about you outside the dream.

Woman. I spoil you all my life.

Flower male degree

Silence is the best protective color.

Half the city is full of smoke and sand.

Hysterical. I only care about you.

Lost, lost, lost, lost, crazy.

■□` Mo Xiaoxi /cc

Laugh at this vulgar reality.

╰ Think what you think ‘ Love what you love

I just miss that bloody youth.

That sunflower blooms for n1.

Nothing to do with love.

Doesn’t mean I don’t know love.

I prefer the beauty of mind.

Without the earth, the sun would still go around.

I don’t know where to hide.

I still love you.

My pain is none of your business.

It’s time to cry.

Three men can afford to lose, but they can’t afford to cry.

There are a few things that are true now.

Don’t try to touch my bottom line

Sing my favorite song to you.

Iraqi makeup, I love Iraqi people.

Crayons are gone, Xiaoxin.

 ̄va1. Mr. Hua Xin

Interpret the meaning of love

I owe you a goodbye in this life *

, have a restless.

Who is lingering in the drizzle in my ear

Don’t say it was once.

Domineering, circle your life.

Because I love you, I am willing to accommodate you.

Forget it if you should forget it ~

Can’t let go/*

Memories are all loads/*

You are my dream.

At arm’s length/*

In a trance,

I just want to rely on my hands and wave to my ideal.

No more hesitation. "

Hey, hey, hey, hey

Vow to play/* 

Netizens exposed that giant pandas were abused in Shenzhen, and Sichuan may consider taking them back.


Get a small piece of apple after taking a group photo with tourists (Source: Sichuan Online)


  The netizen posted that the giant panda "Yongba" has "never had enough to eat" in shenzhen safari park, which the garden said was not credible.


  The China Research Center for the Protection of Giant Panda responded yesterday that if this is true, it will consider taking Yongba back to Wolong.


    The panda "Yongba" was once a member of Wolong Giant Panda Protection Center, and went to shenzhen safari park from Chengdu in 2004. Yesterday, the netizen "Autumn Moon Returning to Thinking" posted "Who remembers my face when I was young" in Tianya community, revealing with words and photos that "Yongba"’ s life in his later years was very bad. This incident immediately attracted the attention of netizens. One day, more than 100,000 netizens clicked, and more than 4,000 people replied, many of them from Sichuan. They strongly urged shenzhen safari park to treat Yongba well!


    Li Desheng, deputy director of the China Research Center for the Protection of Giant Panda, said yesterday that if it is as bad as reported by netizens, he will consider taking Yongba back to Wolong.


  Post "I can’t help crying outside the panda circle"


    In the post, the netizen said, "I really can’t help crying outside the circle of’ Yongba’ numbered 1#."


    The glass outside the circle has not been cleaned for a long time. When tourists take pictures in front of them, you can see that Yongba’s limbs are very thin, but his stomach is very big, and elderly pandas usually have ascites. "From my conversation with the staff, shenzhen safari park didn’t have a regular physical examination for Yongba, and he didn’t take any care of his diet at all." The poster owner said that throughout the afternoon, the poster owner observed that "Yongba" only defecated twice, and the stool weight was very small. Moreover, it can be seen that "Yongba" defecated very hard, because the climate in Shenzhen was hot and humid, and shenzhen safari park did not take special care of it.


    It is understood that "Yongba" is 25 years old this year, and one year old panda is equivalent to three or four years old. Based on this, it is inferred that "Yongba" has entered a period of dying. The poster owner said that he didn’t know how to improve the life of Yongba, so he could only post on Tianya.


  Question that pandas have never had enough to eat?


    The post also describes: I only saw "Yongba" patting an iron gate in the inner circle. After a while, I saw the staff bring her a basin of milk and several bamboo shoots. "Yongba" began to drink milk and eat bamboo shoots. After eating, about ten or twenty minutes later, "Yongba" would knock on the iron gate again because she was not full at all. "I feel that this is not a day or two, it should be a long time ago."


    Not only that, "Yongba" has also become a source of money. Take a photo once, you can get two small pieces of apple food, and the staff can charge tourists 10 yuan. When tourists take a group photo, the staff will open the small door leading from the inner circle of Yongba to the outer circle, and Yongba will go to the outer circle. "Yongba" arrived in the outer circle, and the staff gave her a small piece of apple with a bamboo pole. The tourists sat in front of "Yongba" and took a group photo.


    Li Desheng, deputy director of the China Research Center for the Protection of Giant Pandas, said, "It is definitely not allowed to take photos with pandas to collect money." Shenzhen safari park has been asked to strengthen management to ensure the nutritional needs of Yongba and stop taking photos immediately.


  Respond that the photo is true but the statement is not credible.


    After this post was sent out, it quickly set off an upsurge, and netizens accused shenzhen safari park one after another, many of whom were from Sichuan, and they strongly demanded to be kind to Yongba!


    In the face of sudden accusations and abuse, Director Zeng of shenzhen safari park said yesterday that the panda in the photo was indeed Panda No.1, and the location was also taken in the zoo. However, some claims are not credible, and the allegations of panda abuse are not reliable. According to the zoo’s calculation, this panda spends about 50,000 yuan a year. Director Zeng said that the panda’s senile diseases do exist, but the zoo has not given up treatment. There will be regular physical examinations every year. Master Yuan, the breeder, said that this panda is in good condition and can still eat bamboo by itself.


  Investigating shenzhen safari park was asked to rectify.


    Yesterday, Li Desheng told reporters that the China Research Center for the Protection of Giant Pandas has received a response, and has asked shenzhen safari park to give a written reply on the current living conditions of Yongba, and to rectify the existing problems within a time limit. Whether there is "maltreatment" of "Yongba" in shenzhen safari park, Li Desheng said that there may be a problem in a certain link in shenzhen safari park, and it is not certain that the park has maltreated "Yongba" until the final investigation results come out. Li Desheng said that if it’s as bad as reported by netizens, the China Research Center for the Protection of Giant Panda will consider taking Yongba back to Wolong.


    The Guangdong Forestry Bureau also said yesterday afternoon that it is currently investigating the matter.


    (Chengdu Business Daily reporter Liu Wei Guo Jingjing Southern Metropolis Daily)


  News link


  "Panda fever" in Taipei continues unabated.


    Recently, the Taipei city government issued panda postcards. The pandas Tuantuan and Yuanyuan have been loved and concerned by Taipei residents since they settled down in Taipei Mucha Zoo at the end of last year, and the panda fever in the local area has continued unabated. (Xinhua News Agency)


  Netizen’s original post (excerpt)


  Who remembers?


  My face when I was young


    The panda "Yongba", numbered 1#, may not be known to many people, but when it comes to "Tim Tian", "Mei Xiang" and "Little Mount Tai" in the Washington Zoo in the United States, many people may be familiar with it, and "Yongba" is Tim Tian’s biological mother, that is, the grandmother of Little Mount Tai.


    After a turn, I mainly want to say "Yongba". In fact, I am a very lazy person, and I belong to the person who dives with an oxygen bottle. Did I think about it before posting? Or anthropomorphic? Later, when I really started typing, I thought it was better to have a peaceful narrative.


    "Yongba" is 25 years old this year, and a panda is about three or four years old. It can be said that "Yongba" has entered a period of dying. She came to shenzhen safari park to settle down in 2004. To be ashamed, I only began to pay attention to the life of our national treasure last year. I spent more than two months in the forum of our panda home. A friend in the group said that "Yongba" was in Shenzhen and heard that life was not very good.


    According to my observation one afternoon, Yongba has eaten very little bamboo leaves. When I came back last night, I asked a panda wet nurse. The wet nurse said: Generally, elderly pandas should not drink milk any more, which is bad for their health. Grandma Bath, a panda in Fuzhou, eats chopped bamboo leaves, and two apples are scraped into silk a day. Besides, elderly pandas generally have accumulated water in their stomachs. Bath has always taken medicine and health care products. And these are all luxuries for "Yongba". "Yongba" can only eat two pots of milk a day, and it can only be eaten three times. Apples can only be obtained by taking photos with tourists, and only two small pieces of apples can be obtained by taking a photo together. "Yongba" doesn’t have any medicines and health products. The 25-year-old panda may have no use value in the eyes of many people. When she was young, she made great contributions to the captive panda population. Her sons "Tian Tian" and "Long Fei" (now Fuzhou Panda World); Daughters "Sissy" (that is, the giant panda that disappeared and was recovered in the "5.12" earthquake) and "Princess"; The Olympic pandas "Macy" and "Feng Yi" are the granddaughters of "Yongba". Now that I’m old, I can’t have any more children, so I have to come to shenzhen safari park to support the elderly. Can’t I give Yongba some dignity and care?

Editor: Li Xiuwei

Kotex, Sophie, Hu Shubao … Which menstruation towel are you using? Take a look at this sampling report!

In ord to protect that legitimate rights and interest of female consumers,

Guide to buy women’s products with confidence.

Recently, our bureau has sold the products in the whole city.

The quality of sanitary napkins (sanitary pads, sanitary pants) was sampled.

What’s the situation?

Come ~ watch it together ~

Detection and judgment basis

This time, 10 batches of sanitary napkins (sanitary pads and sanitary pants) were randomly sampled, mainly based on the national standards GB/T 8939-2018 Sanitary napkins (pads), GB 15979-2002 Hygienic standard for disposable sanitary products and GB/T 462-2008 Determination of moisture in analytical samples of paper, paperboard and pulp.

Testing items include

Product inspection items mainly include key indicators such as water absorption rate, absorption speed, pH, total bacterial colonies, total fungal colonies, coliforms, Pseudomonas aeruginosa, Staphylococcus aureus, hemolytic streptococcus, formaldehyde content, migratory fluorescent substances, and peeling strength of adhesive.

So which products are they?

Attach details for everyone ~

List of qualified sanitary napkins (sanitary pads, sanitary pants) product quality sampling results in 2023

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Source: Product Quality and Safety Supervision and Management Section

2008 will Reread Putin’s Prime Minister’s Common Lover [Photos]

Special topic: picture channel

    Putin is taking a power curve for his future, no matter how tortuous the route is, leading to power is the only decision-making choice; Regardless of Putin’s future political fate, it is certain that he will still play a decisive role in Russia’s future development for a long time.


  


    Putin


    During Yeltsin’s reign, Putin was not a nobody. Only in the Kremlin, he is behind the scenes. Before he became the first deputy prime minister and acting prime minister of the Russian Federation government on August 9, 1999, he was a real power figure: since August 1996, he has been the deputy director of President Yeltsin’s affairs administration, responsible for the work of the legal bureau and Russian foreign property. From 1997 to 1998, he served as deputy director of the President’s Office and director of the General Administration of Supervision of Russian President Yeltsin. Since July 24, 1998, he has served as director of the Russian Federal Security Service. In the future, he became a colonel in reserve service, replacing General Kovalev who held this post. Since March 29, 1999, he has also served as Secretary of the Security Council of the Russian Federation.


    Being behind the scenes and holding such an important series of positions makes Putin’s body shrouded in a layer of fog, which makes him unclear and unpredictable. Even the mass media can’t find a "standard photo" of Putin when he takes office as the director of the Federal Security Service. In addition, his dual identity makes him more puzzled by the world: first, his KGB experience, and second, his status as a close aide to the mayor of St. Petersburg, sobchak. This also happens to be a political card in Yeltsin’s hand. In the last few months of Yeltsin’s administration, he played several "Prime Minister’s Cards", and Putin was one of these cards, but Yeltsin refused to play this card. The reason why he didn’t fight was because of Putin’s "mystery". Yeltsin wanted to use this "secret weapon" to win a key victory for himself at a critical moment. When Yeltsin chose Stepachen or Putin as prime minister, he considered this: "However, my intuition tells me that it is too early to put Putin on the stage of political struggle, and he should come out later. Too little time for political acceleration is not good, and too much may be worse. Society should not be allowed to get used to Putin in these’ lazy’ summer months. His mystery should not disappear. Unexpected and sudden factors should not disappear, factors linked with new powerful politicians. This is crucial for the election. "


    Maintaining Putin’s mystery has become a key factor and an indispensable condition for the development of Russian political process today.


  From St. Petersburg


    Putin’s "KGB" experience is now known to all. However, little is known so far that Putin himself is not proud of this experience. In 1990, Putin reported his resignation to the KGB shortly after returning to Leningrad from the GDR. On August 20, 1991, the day after the "August 19 incident", Putin made a report for the second time and insisted on resigning from the "KGB". He was approved to resign. According to the rules of "KGB", the backbone personnel of "KGB" are never allowed to leave their posts, and can only be transferred to "serving as reserve backbone personnel". After Putin was allowed to resign, he ran to his friend Shadhan who worked in Leningrad TV station and said, "Igor, I want to talk frankly and sincerely about my past work. That’s it, because it’s no longer a secret, and no one can threaten me with it anymore. " Putin and Shadehan had a long conversation, and Shadehan recorded the conversation as a program. During the conversation, he asked Putin in detail about his work in the KGB, what he did and when he worked in the intelligence agency. This program was later broadcast on Leningrad TV. Putin’s resignation and "confessing" his KGB experience to the audience showed his ambition to make progress politically. He didn’t want his experience to be used in the future, which would affect the promotion of his career, so whenever someone hinted at his past to Putin later, he would say, "I told you everything." There’s nothing interesting. Everyone knows about all this. "


    Before transferring from Leningrad University to St. Petersburg Municipal Government, he had an open talk with Mayor sobchak. He said to sobchak, "I should tell you that I am not only an assistant to the headmaster, but also a key officer of the KGB. However, I have resigned now. " Sobchak accepted Putin, and later he said, "He explained this decision to me because he didn’t agree with the policy initiated by the new leader of the committee. Putin went so thoroughly that he was not even included in the reserve list of his current position, so he never surpassed the rank he had when he left office in the past 10 years. " Sobchak’s evaluation of Putin is: "I have always held a negative attitude towards the KGB and have no contact with this organization, but I have complete trust in Putin. Once he told me that he broke off the relationship with the Committee, that is to say, that’s what happened. Later, I found that some people around me continued to cooperate with the KGB, but Vladimir vladimirovich did not give me reason to doubt his honesty and decency. "


    Putin is really loyal to sobchak. He became sobchak’s most reliable assistant, helping him to make decisions and carry out the tasks he entrusted. When sobchak’s struggle with the highest level of power was in a losing position, even when he was imprisoned, tried and his life was in danger, Putin extended a helping hand in time, and finally planned and arranged sobchak’s escape from Paris. In 1996, when sobchak was running for mayor, Putin took the oath of "loyalty", stating that if sobchak was not elected, they would collectively resign from the municipal government. But after sobchak lost the election, Putin and many others really did this. To this end, sobchak is very grateful to Putin: "Not only did he not betray me like many others, but he also sent a letter to the highest authority to defend me."


    During Putin’s tenure as deputy mayor and first deputy mayor of St. Petersburg and in charge of the work of the Foreign Economic Liaison Committee, he led the planning and implementation of the St. Petersburg Free Economic Zone, and established a joint venture to produce Coca-Cola and similar joint ventures. At this time, Putin merged with the elites from the Economics Department and Law Department of St. Petersburg University around sobchak, and became a unique person among them with his own education in the Law Department and his practice in the KGB. He has his own group of like-minded people, including Zubcov, who is now nominated by Putin as prime minister.


    Putin appeared on the political stage under the banner of sobchak and began to attract attention, but Putin finally fulfilled sobchak, and because of this fulfillment, Putin was able to rank among the first-class Russian politicians. So far, people have always said that Putin brought people from St. Petersburg into the Kremlin after taking power. But the actual situation is just the opposite. It was the legal and economic elites around sobchak who first came to the Kremlin to participate in politics and take power. When sobchak lost the election and Putin "had no job", it was these people who brought Putin into the Kremlin. With the further development of Russia’s political process, the "St. Petersburg faction" regrouped around Putin and became the core force to determine the future and destiny of Russia’s development.

10 kinds of sanitary napkins are compared and tested, and the expensive ones must be good?

China Quality News Network News Sanitary napkins are close-fitting products that all women will use, and their hygiene and safety are particularly important. There are many kinds of sanitary napkins circulating in the market, and everyone often falls into difficulty in choosing. For the sake of the health of female users, understanding the actual situation of the quality and safety of sanitary napkins in the circulation field, and allowing female consumers to obtain more objective and practical product information, Yuyao Consumer Protection Committee of Zhejiang Province hereby conducts a comparative test of sanitary napkins. Let’s take a look at the test process.

In mid-February, Yuyao Consumer Protection Committee and Yuyao Market Supervision Bureau carried out random inspection of sanitary napkin products in several supermarkets within their jurisdiction. This time, 10 batches of sanitary napkins with different brands and different prices were sampled.

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At the same time, during the sampling process, the staff of the Consumer Protection Committee conducted a questionnaire survey on women’s products to the citizens who came to the supermarket to purchase, covering occupations, preferences, ways of purchase, original intention of purchase, etc. Many citizens actively participated and stopped to fill in the information according to their usual purchase preferences.

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The sanitary napkins sampled this time are entrusted to a third-party testing organization for professional testing. The testing items include total length deviation, strip quality deviation, water absorption rate, absorption speed, pH, formaldehyde content, migratory fluorescent substances, total bacterial colonies, coliforms, Pseudomonas aeruginosa, Staphylococcus aureus, hemolytic streptococcus, total fungal colonies, etc.

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Recently, the third-party testing organization has completed the testing of these 10 batches of sanitary napkins. Let’s take a look at the test results.

First of all, let’s take a family photo of 10 different brands of sanitary napkins (pads):

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According to the test results, all the above 10 types of sanitary napkins are qualified, and the absorption rate of high-priced products is not necessarily high, and the water absorption rate of low-priced products is not necessarily slow.

According to the questionnaire survey, consumers will pay more attention to many factors such as price, brand, absorption and comfort when purchasing sanitary napkins, and products with high cost performance and good comfort are more favored by consumers.

Consumer tips

(A) look at the packaging, more inspection.

When purchasing goods, we should carefully check the product information such as factory name, address, hygiene license number, anti-counterfeiting mark, production date, shelf life, etc. on the outer packaging to identify whether the license number is valid or not. Try to buy sanitary napkins with independent packaging, or with zipper seals or sealing strips sealed for many times to avoid being contaminated during storage, and try to choose sanitary napkins produced recently.

(2) Choose word of mouth and trust the brand.

It is suggested that consumers should purchase sanitary napkins through formal channels, such as large supermarkets and well-known online shopping platforms. Consumers are advised to choose brand sanitary napkins with good reputation and high reputation, especially sanitary napkins produced by enterprises with strict quality management system and safety certificates.

(3) Look at the standard and distinguish it skillfully.

Special reminder: the license number of sanitary napkins mainly includes the medical machine name and the common elimination name. Medical mechanical sanitary napkins have higher requirements on safety and hygiene; Considering the safety and comfort during normal menstrual period, it is recommended to choose ordinary font size; Women with allergic constitution should use medical sanitary napkins with caution.

(4) frequent replacement and good preservation.

It is best to wash your hands before changing sanitary products. The best time to change sanitary products during menstruation is 2-3 hours. If you don’t change them for a long time, it will easily lead to bacterial infection. Attention should be paid to avoid moisture during storage and whether it exceeds the expiration date. Sanitary napkins are sterilized by high temperature disinfection, and there is no aseptic guarantee after the expiration date. Consumers are advised not to buy too many sanitary napkins at a time, and it is best to buy them immediately.(Source: Yuyao Market Supervision Bureau)

Nanchang Volvo XC90 price reduction news! Reserve price 472,000, limited-time special offer

Welcome to the Autohome Nanchang Promotions Channel, which brings you the latest promotions. At present, the high-profile luxury SUV is in full swing in Nanchang with great promotions. Surprisingly, the maximum discount is as high as 184,900 yuan, making this top model with a starting price of 472,000 yuan now even more cost-effective. If you are interested in Volvo XC90 and want to seize this rare opportunity, remember to click "Chatti Car Price" in the quotation form, let’s explore more discounts together.

南昌沃尔沃XC90降价消息!底价47.2万,限时特惠

南昌沃尔沃XC90降价消息!底价47.2万,限时特惠

The Volvo XC90 combines luxury and power with its elegant body proportions and well-designed side lines. The body size reaches 4953mm*1958mm*1778mm, and the wheelbase reaches 2984mm, providing ample protection for the interior space. The tire specifications are unique, with 275/45 R20 specifications on the front and rear, and carefully designed rims, which not only improve the driving stability, but also add the visual impact of the vehicle. The overall side shape is simple and powerful, showing Volvo’s perfect fusion of detail and function.

南昌沃尔沃XC90降价消息!底价47.2万,限时特惠

In terms of interior, the Volvo XC90 adheres to the simplicity and refinement of Nordic design. The spacious cockpit wraps the steering wheel in luxury leather to provide a good grip and touch, and the steering wheel position can be manually adjusted up, down and back to suit the needs of different drivers. The 9-inch central control screen stands on the dashboard, which not only has a clear display effect, but also supports automatic speech recognition control of multimedia systems, navigation, phones and air conditioners, providing a convenient operation experience. As for the seats, whether it is the driver’s seat or the passenger’s seat, they are equipped with multi-directional adjustment functions of front and rear, backrest, height and waist support. At the same time, the main and passenger seats provide heating functions to ensure the comfort of passengers. The memory function of the electric seat is designed for the driver, which further enhances the convenience. The rear seats support proportional reclining, which allows for flexibility in storage space. The overall interior design focuses on practicality and comfort, reflecting the advanced taste of the Volvo XC90.

南昌沃尔沃XC90降价消息!底价47.2万,限时特惠

The Volvo XC90 is powered by a 2.0T four-cylinder turbocharged engine with a maximum power of 184 kilowatts and a maximum torque of 350 Nm, which can provide abundant power output. Matched with an 8-speed automatic transmission, it ensures smooth and efficient driving. This engine combines fuel economy and ride comfort while meeting strong performance.

Summarizing the owner’s evaluation, he is full of praise for the exterior design of the Volvo XC90, especially the exquisite craftsmanship of the lights and wheels, which undoubtedly adds a lot of domineering and charming. This detailed design undoubtedly makes this luxury SUV stand out among many competitors, fully reflecting the Volvo brand’s insistence on quality and design.

The 2018 Jackie Chan Hundred Movie Poster Exhibition was launched, and Jackie Chan presented awards to award-winning fans

1905 movie network news On July 17, as one of the main activities of the 4th Jackie Chan International Action Film Week, the "Jackie Chan International Film Art Poster Exhibition" was officially launched at the Datong China Sculpture Museum. Jackie Chan and Datong Municipal Party Secretary Zhang Jifu, Datong Vice Mayor Guo Lei, Chairperson of 1905 Film Network Li Wei and other film festival organizers and organizers attended.


The theme of this "Jackie Chan International Film Art Poster Exhibition" is "Film Walker". In her speech, Guo Lei, deputy mayor of Datong City, said that Jackie Chan is a landmark figure in the Chinese film industry and even the world film industry. He is not only a light and shadow walker, but also a messenger of communication, which has played an important role in promoting Chinese culture to the world. Over the years, the style of movie posters has been constantly changing and updating, but the feelings and classic memories of Jackie Chan’s films remain unchanged.


According to the introduction, this exhibition selects more than 100 posters from Jackie Chan’s first film "New Jingwumen", which played the male lead in 1976, to his latest work "British Showdown" in 2017. It reviews Jackie Chan’s past classics with three themes: "Style · Action Hero", "Role Model · Hollywood Road", and "Times · Chinese Film Dream". Among them, there are his 1978 work "Drunken Fist", which pioneered his personal style and set off the trend of action movies, and "Plan A", which combined difficult action and comedy elements, launched in 1987. There are the world’s top ten movies of the year "Drunken Fist", the global hit "Red Fan District", the Hollywood A-level production "Rush Hour", and the popular "Kung Fu Yoga" in the mainland film market.


Then Jackie Chan, the "absolute protagonist" of the event, took the stage to the applause of the audience. As soon as he appeared, he laughed and said that when he signed the posters before the event, he was surprised to find that many of the posters in the exhibition did not even have him. Looking back on his action career over the past few decades in this way, Jackie Chan also sighed: "It is not easy to be able to live until now and still walk. You may not imagine the hardships we suffered in filming at that time. Without so many protective measures now, we just went into battle (fight) in person."


In order to welcome the fourth Jackie Chan International Action Film Week, the organizers also held a "I and Jackie Chan Action Film Week Poster Drawing Contest" to solicit ideas from fans. In the end, ten lucky fan painters won awards, including middle school students who liked Jackie Chan movies and action people who were encouraged by Jackie Chan to become martial arts instructors. On the day, they were all invited to the event. Jackie Chan presented them with awards one by one and expressed his heartfelt gratitude.


At the end of the event, the "Jackie Chan International Film Art Poster Exhibition" released the "Drunken Fist" theme poster in the form of ingenious puzzles. In addition, more than 200 volunteers of this year’s "Jackie Chan International Action Film Week" also went to work at the same time. Jackie Chan interacted with the students and took photos with the people. Seeing a fan classmate who liked him shed tears, his eldest brother also gave a hug to express comfort.


Tomorrow (July 18), the 4th Jackie Chan International Action Film Week will officially open, so stay tuned.