On November 8, the Ministry of Industry and Information Technology interpreted the "Notice on Launching Awareness-raising Action for Information and Communication Services".

　　The Ministry of Industry and Information Technology pointed out that at present, the "unable to turn off" information of major Internet companies (TOP100) has been basically solved, and the problem discovery rate of misleading users by "disorderly jumping" has dropped significantly to 1%. In order to further consolidate and deepen the results of the previous work and prevent similar problems from rebounding repeatedly, the Notice requires all Internet companies to set up obvious and effective close buttons in their APP opening information and pop-up information windows, so that users can "find and close" and may not use full-screen pictures, videos, etc. as jumping links to mislead users to click.

　　Attachment: The Ministry of Industry and Information Technology interprets the full text of the Notice on Launching Information and Communication Service Perception Promotion Action.

　　A few days ago, the Ministry of Industry and Information Technology issued the Notice on Promoting Information and Communication Service Perception (hereinafter referred to as the Notice), and decided to carry out the Information and Communication Service Perception Promotion Action (hereinafter referred to as the "524 Action") from November 2021 to March 2022. Now we will interpret the relevant contents.

　　Q: What is the background of the Notice?

　　A:At present, the global digital transformation is accelerating, and China’s information and communication industry has played an important role in promoting the high-quality development of the digital economy and improving people’s high-quality life. The Ministry of Industry and Information Technology, as the competent department of information and communication industry, resolutely implemented the decision-making arrangements of the CPC Central Committee and the State Council, adhered to the people-centered development idea, made overall plans for development and security, continued to promote the development and application of 5G, fully implemented port number portability, and further promoted the governance of APP infringing on users’ rights and interests. The supervision of information and communication services has achieved remarkable results. At the same time, however, there is still a gap between some service links and users’ high expectations, which needs to be improved in terms of user perception and experience. The "Notice" closely combines user complaints, focuses on hot and difficult issues that the masses have concentrated and the society has focused on, urges and guides enterprises to improve services and enhance user perception.

　　Q: What’s the difference between the Notice and the previous rectification actions?

　　A:In recent years, the Ministry of Industry and Information Technology, based on its main responsibility, has organized and carried out a series of special actions to safeguard users’ rights and interests and rectify violations of laws and regulations in strengthening the special rectification of APP infringement on users’ rights and interests, regulating the order of the Internet market, and cracking down on spam messages and harassing calls. Compared with the special action organized in the previous period, this action should not only "keep the bottom line", but also "raise the line", focusing on positively promoting key enterprises in the industry to improve their service capabilities and service levels with higher standards, improving the key links that affect service perception with stricter requirements, fully protecting the users’ right to know and choose, and further enhancing the people’s sense of acquisition.

　　Q: What requirements does the Notice put forward for enterprises to enhance users’ service perception?

　　A:The Notice contains ten key tasks in three aspects, and puts forward the requirements of promoting the "five optimizations" of service measures, establishing a "double list" of personal information protection and realizing the "four upgrades" of service capabilities, referred to as "524 Action" for short.

　　Q: What are the specific aspects of the "five optimizations" of service initiatives?

　　A:The first is to optimize the display mode of tariff package settings. In response to users’ complaints that the tariff package of basic telecom enterprises is unreasonable and unclear, in the early stage, our department issued the Notice on Further Regulating the Marketing Behavior of Telecom Tariffs (Communication Letter [2018] No.276 of the Ministry of Industry and Information Technology) to standardize the marketing behavior of telecom tariffs, guide basic telecom enterprises to launch simple tariff package schemes, and do a good job of "list-style" publicity of tariffs. Considering the rapid development of the information and communication industry, the number of packages for different types of users, such as 4G and 5G, is increasing. In order to better let users understand and reasonably choose the appropriate tariff plan, the Notice requires relevant basic telecommunications companies to further comprehensively sort out the names of packages on sale, remind users of traffic usage in time, and reasonably set the unit price of traffic outside the package, so that users can "understand the package, choose it more clearly and use it with more confidence".

　　The second is to optimize the publicity mode of double gigabit services. Gigabit optical network and 5G are important components and bearing cornerstones of new infrastructure. In the early stage, our department issued the "Double Gigabit Network Collaborative Development Action Plan (2021-2023)" to vigorously promote the coordinated development of 5G networks and Gigabit optical networks. The Notice on Improving the Quality of 5G Service was issued, and the "four reminding mechanisms" were put forward, and the requirements of "four marketing red lines" were strictly observed to promote the improvement of 5G service level. At present, some basic telecommunications companies still fail to fully inform users when promoting and marketing 5G services. Some users report that they have handled Gigabit optical fiber, but the perception of network speed improvement is not obvious or the promotion effect of enterprises cannot be achieved. To this end, the Notice requires relevant basic telecommunications companies to strictly fulfill their service commitments, promote the development of 5G services in an orderly manner, and guide users to fully understand various factors affecting the speed of fixed broadband and make better use of fixed broadband services.

　　The third is to optimize the privacy policy and the display method of permission call. At present, most enterprises have informed users of the personal information processing rules in their privacy policies. However, in terms of form and content, there are many problems such as obscurity, verbosity and the use of a large number of technical terms, which makes it difficult for users to truly understand the purpose and purpose of personal information collection. To this end, in terms of privacy policy, the Notice clearly pointed out that enterprises should provide users with a summary of APP privacy policy in a concise, clear and easy-to-understand way, and the content presented should be concise and focused, which is convenient for users to read and understand. In terms of authority calling, in the special rectification action of APP infringing on users’ rights and interests carried out by our department in the early stage, it was found that problems such as compulsion, frequent and excessive demand for user authority were repeatedly prohibited. When calling authority, APP did not inform users in detail about the purpose of calling authority and the display of calling authority was unclear, which caused users’ doubts and misunderstandings. If the Notice requires that sensitive rights such as photo album, address book and location in the user’s terminal be called, the user should be informed of the purpose of calling the rights synchronously when the service scene actually happens in an appropriate way, such as through masking, floating window on the top bar, etc., so that the user can understand the purpose of the rights more clearly and fully protect the user’s right to know, so as to facilitate the user to make an active choice more clearly.

　　The fourth is to optimize the information display method of APP pop-up window. In the early stage, our department concentrated on rectifying the illegal behaviors such as "the advertising logo is almost invisible, the closing button is as small as an ant, the page camouflage is too big to cover the sky, and the click is induced to be dark", urging enterprises to pay attention to users’ demands and solving the problems of using words, pictures, videos and other means to deceive and mislead users to jump in the information page. At present, the overall improvement has achieved remarkable results.Major Internet companies (TOP100) basically solved the problem of "unable to turn off" the information on the screen, and the problem discovery rate of "disorderly jumping" misleading users dropped sharply to 1%.In order to further consolidate and deepen the results of the previous work and prevent similar problems from rebounding repeatedly, the Notice requires all Internet companies to set up obvious and effective close buttons in their APP opening information and pop-up information windows, so that users can "find and close" and may not use full-screen pictures, videos, etc. as jumping links to mislead users to click.

　　The fifth is to optimize the way of providing network disk services. In view of the problems reported by users, such as "the promotion of network disk services is not consistent with the actual services provided" and "the gap between the usage rate of free users and the experience of paying users is too large", in the early stage, our department issued management requirements such as standardizing telecom tariff marketing behavior, standardizing the service tariff and charging behavior of mobile information service industry. Considering the business form, service mode, user perception and other factors of network disk services, the Notice puts forward the requirements of optimizing product and service charges for related enterprises from two aspects: publicity and meeting the basic needs of users, providing reasonable upload and download rates to meet the basic needs of free users.

　　Q: How to establish a "double list" for personal information protection?

　　A:On November 1, 2021, the Personal Information Protection Law was officially implemented. According to relevant laws and regulations, our special action requires relevant enterprises (including 39 major Internet enterprises in the first batch in combination with enterprise scale and user volume) to establish a list of collected personal information and a list of personal information shared with third parties, and display them in the second-level menu of APP for users’ convenience.

　　The first is to establish a list of collected personal information. In view of the problem of illegal collection and over-range collection of personal information, which is strongly reflected by users and seriously infringes on users’ rights and interests, in the early stage, the Ministry of Industry and Information Technology issued the Notice on Further Promoting the Special Rectification Action of APP Infringement on Users’ Rights and Interests (No.164 [2020] of the Ministry of Industry and Information Technology), which put forward clear requirements for APP information collection. At present, some enterprises still have the problem of unclear information collection and use, and users are unclear about what personal information the APP has collected. In order to better protect users’ right to know, the Notice requires relevant enterprises to list the basic information of users’ personal information collected by APP (including embedded third-party software tool development kit SDK) concisely and clearly, including information types, purposes of use, usage scenarios, etc.

　　The second is to establish a list of personal information shared with third parties. The use of third-party SDK and other third-party services has become a common technical means in the development and operation of APP, which not only helps the rapid realization of APP function services, but also causes some problems that infringe on users’ rights and interests. Users often report that "browsing and buying products on an APP, while other apps will push related content", and users are unaware of where personal information is shared, which is easy to cause panic. In order to let users clearly understand the sharing of personal information among APP, SDK and other third parties, our department further requires enterprises to list the basic information of users’ personal information shared by APP and third parties in the secondary menu, including the types, purposes, scenarios and sharing methods of personal information shared with third parties.

　　Q: What capabilities are mainly improved by the "four improvements" in service capabilities?

　　A:The first is to improve the ability of cross-regional communication. In order to further implement the government work report, promote more services and realize cross-provincial communication. In the early stage, our department vigorously promoted the basic telecommunications enterprises to realize inter-provincial services such as payment in different places, cancellation of accounts in different places and replacement of cards in different places. This time, two businesses, namely "family network" and "fixed-mobile integration", which have a large base and high voice of users, were selected as the focus of promoting cross-regional general service in the next step. Among them, the "family network" business strives to achieve nationwide inter-provincial communication within the year; Because the "fixed-mobile convergence" business involves a large-scale and systematic transformation of the enterprise’s back-office system, the workload is heavy and it is difficult to achieve in the short term, our department will give priority to promoting the integration of mobile phone numbers and fixed broadband services across the province, and encourage qualified enterprises to achieve cross-provincial processing.

　　The second is to improve the ability of port number transfer service. The CPC Central Committee and the State Council attached great importance to the service of port number portability, and clearly proposed to promote the implementation of port number portability in different places and online. In order to facilitate users to transfer numbers to the network, our department actively promotes three basic telecommunications enterprises to open 10,000 new business halls for carrying out services on the basis of their previous commitments to open channels. Considering the factors such as the number of business halls opened by the three basic telecommunications companies and the total size of users, the Notice requires all enterprises to add business halls that can handle port number transfer services to ensure reasonable layout and publicize them to the public in time, so that users can run less.

　　The third is to improve the responsiveness of the customer service hotline. At present, the problem that the customer service hotline of Internet enterprises can’t be found and connected has become a concentrated problem for users to reflect complaints. Internet enterprise services have involved hundreds of millions of users, and head enterprises have surpassed basic telecom enterprises in terms of user scale and business income, so it is urgent for head Internet enterprises to establish customer service hotline. In particular, most Internet companies often use online customer service and artificial intelligence at present, which is not very convenient for the elderly to use. In accordance with the relevant provisions of the Telecommunications Service Specification, the Notice requires enterprises engaged in Internet information services to establish a customer service hotline and publicize the telephone number of the customer service hotline in prominent positions such as websites and apps; Encourage qualified enterprises (including 39 major Internet companies in the first batch in combination with enterprise scale and user volume) to provide sufficient artificial customer service seats, and provide direct hotline service for the elderly. The customer service hotline strives to achieve the maximum monthly response time of 30 seconds, and the response rate of manual service exceeds 85%.

　　The fourth is to improve the personal information protection ability of APP’s key responsibility chain. Firmly grasping the key links of the APP responsibility chain is an important part of improving the ability to protect personal information. On the one hand, the APP store is the "goalkeeper" of APP distribution, and the misplacement of platform management will directly lead to the illegal app "exploiting the loopholes and playing the ball". Compared with post-event inspection and detection, the pre-event review of the APP by the APP store is more conducive to helping users keep illegal apps out. Therefore, the Notice requires that the APP store should provide testing services for this platform APP to prevent illegal apps from being put on the shelves. On the other hand, APP and SDK are the sources of personal information protection. In the previous special rectification work of APP, it was found that some APPs or SDKs started illegally or associated with each other, and collected and used users’ personal information without users’ knowledge. Relevant developers should fully consider the user’s right to choose, and the embedded SDK should not be started by itself or in association with other APPlications. At the same time, app developers and embedded SDK should provide corresponding functions, and users can choose whether to start the associated startup.

　　Q: What safeguards did the Notice put forward for carrying out special actions?

　　A:In order to effectively improve service quality, service level and governance effect, the Notice puts forward four safeguard measures. The first is to strengthen organizational implementation. All units are required to attach great importance to improving the quality of information and communication services, strengthen organizational leadership, improve management systems, clarify the division of tasks, consolidate the main responsibilities, and take effective measures to ensure that all work is effective. The second is to strengthen supervision and guidance. The Ministry of Industry and Information Technology will establish a tracking, interview, ranking and social publicity mechanism to exchange and promote typical cases and successful practices in a timely manner; Local communication administrations will urge local enterprises to complete their tasks on time and with good quality. The third is to promote collaborative governance. Promote the coordinated governance of government supervision, social supervision, enterprise self-discipline and user participation, and form a benign interaction between service quality improvement and perception improvement. The fourth is to establish a long-term mechanism. All relevant enterprises are required to establish and improve a long-term internal management mechanism, consolidate and deepen the effectiveness of all work, and strive to meet the needs of users. The Ministry of Industry and Information Technology will organize local communication administrations to carry out "looking back" in a timely manner to ensure that the information and communication service awareness promotion actions are implemented and effective.

It is the first domestic pure electric vehicle developed by Mercedes-Benz brand in China market based on EVA pure electric platform. It is positioned as a medium and large luxury pure electric car and officially listed on August 24th, 2022. In addition to selling points such as long battery life, luxurious interior and pioneer appearance, Mercedes-Benz EQE also provides L2-level intelligent driver assistance system, which brings users a safer, more convenient and more comfortable driving experience. This paper will introduce in detail the composition, function and implementation of the intelligent driver assistance system of Mercedes-Benz EQE, and compare it with competing products of the same level.

Mercedes-Benz EQE provides 23 sensors related to the intelligent driver assistance system, including:

A long-distance millimeter-wave radar: located in the center of the front bumper, it can detect vehicles, pedestrians and obstacles within 200 meters ahead, and is used to realize adaptive cruise, automatic emergency braking and other functions.

Four corner radars: located on both sides of the front and rear bumpers, which can detect targets within 60 meters around the vehicle, and are used for blind spot monitoring, lane keeping, lane change assistance and other functions.

12 parking ultrasonic radars: distributed on the front and rear bumpers, which can detect obstacles within 1.5 meters around the vehicle, and are used to realize parking radar, automatic parking and other functions.

A front binocular stereo multifunctional camera: located above the windshield, it can capture the image information of the road environment ahead, and is used to realize the functions of road traffic sign recognition, intelligent far and near light control, pedestrian detection and so on.

Four 360 parking cameras: located under the front grille, the rear tailgate and the rearview mirrors on both sides respectively, which can splice panoramic images around the vehicle for realizing 360 panoramic images, AR real-life traversing navigation and other functions.

1 in-car viewing angle camera: located above the dashboard, it can monitor the driver’s attention state and be used to realize the functions of ATTENTION ASSIST.

These sensors are connected with multiple electronic control units (ECU) through high-speed buses, such as:

Driver assistance system control unit (DASCU): It is responsible for processing data from radar and camera, and outputting corresponding control signals to other ECU or actuators, such as brake system, steering system and engine management system.

Parking Assist System Control Unit (PASCU): It is responsible for processing data from ultrasonic radar and camera, and outputting corresponding control signals to other ECU or actuators, such as brake system and steering system.

Dashboard display unit (ICDU): It is responsible for displaying information and tips from DASCU and PASCU, such as navigation arrows, traffic signs and early warning icons.

Central display unit (CDU): It is responsible for displaying information and tips from DASCU and PASCU, such as panoramic images, vehicle status, system settings, etc.

The schematic diagram of the intelligent driver assistance system of Mercedes EQE is as follows:

Mercedes-Benz EQE’s intelligent driver assistance system provides many functions, which can be divided into two categories: driving assistance and parking assistance, as follows:

Adaptive Cruise (ACC): It can automatically adjust the vehicle speed according to the set speed and distance, and keep a safe distance from the vehicle ahead. At the same time, it can automatically adjust the vehicle speed according to navigation information, traffic signs and road conditions, such as in corners, intersections, toll stations and other scenes.

ACCA: On the basis of ACC, it can automatically identify and follow the vehicles driving in the same direction ahead according to the navigation information, and realize partial automatic driving on expressways or urban expressways.

Lane keeping (LKA): The lane line on the road can be identified by the camera, and the vehicle can be kept in the current lane through steering intervention. At the same time, it can automatically switch to the correct lane at the right time according to the navigation information.

Lane change assist (LCA): When ACC and LKA are turned on, the lane change assist function can be activated by the turn signal, and the system will detect whether the target lane has enough space and safe distance, and help the vehicle to complete the lane change action through steering intervention.

Blind spot monitoring (BSD): Blind spots at the rear and side can be detected by angle radar, and corresponding warning lights can be displayed on the rearview mirror. If a car is detected and the driver turns on the turn signal, the system will give an audible warning and increase the steering resistance to remind the driver of the danger.

Automatic emergency braking (AEB): Vehicles, pedestrians and obstacles in front can be detected by radar and camera, and visual and sound warnings can be given successively according to the collision risk, and the braking force is increased. If the driver fails to respond in time, the system will automatically start the maximum braking force to avoid or mitigate the collision as much as possible.

Road traffic sign recognition (TSR): Speed limit signs, prohibition signs, warning signs, etc. on the road can be recognized by the camera and displayed on the dashboard.

Manual transmission and automatic transmission: the game between driving pleasure and practicality

Today in 2024, with the continuous progress of automobile technology and the change of consumer preferences, the choice between manual transmission and automatic transmission has become the first important decision faced by many prospective drivers. This choice is not only related to the learning of driving skills, but also to the expectation and adaptation of future car use scenarios.

From the data point of view, the global market share of manual transmission models is declining year by year. In China, in 2020, manual transmission still occupied 10.7% of the market share, but by 2021 it had dropped to 7.2%, and now it is less than 4%. The market share of manual transmission models in the United States and Japan is only 1% and 2% respectively. This trend reflects that with the intensification of urban traffic congestion and consumers’ pursuit of driving convenience, automatic transmission models are more popular because of their simple operation and easy to use.

Manual gear:

Advantages: high speed, good hand feeling, fuel saving, low maintenance cost and relatively cheap car price. For those who love driving, manual gear provides more driving pleasure and participation, and can shift gears according to the speed and engine sound in time to realize the driving experience of people and vehicles.

Disadvantages: In the urban congestion environment, frequent operation of clutch, gear, throttle and brake not only increases the driver’s physical burden, but also reduces the driving efficiency. For beginners, the learning cost of manual gear is high, and it may be more likely to cause tension and psychological pressure in urban driving.

Automatic gear:

Advantages: simple operation, especially suitable for driving in urban congestion environment, reducing the physical burden and psychological pressure of drivers. For novices, automatic transmission models are easier to use and reduce driving difficulty.

Disadvantages: Compared with manual transmission, automatic transmission models may have higher fuel consumption and maintenance costs, and may lack driving pleasure in some cases. Some drivers may feel that the throttle response of automatic transmission is too tight, which is not as light as manual transmission.

From the practical point of view, automatic transmission models are undoubtedly the mainstream choice in the current market. With the intensification of urban traffic congestion and the acceleration of people’s life rhythm, the convenience and comfort provided by automatic transmission models are more in line with the needs of modern consumers. However, from the perspective of driving pleasure and skill improvement, manual transmission models still have irreplaceable value. For those who love driving and pursue the experience of integrating people and vehicles, manual transmission models provide more possibilities and challenges.

The existence of manual transmission models is also of certain significance to the diversity of automobile technology and market competition. Although automatic transmission technologies such as dual clutch are developing continuously, manual transmission models still maintain a certain market share in some specific fields and consumer groups. This is not only the inheritance of traditional driving skills, but also the respect for the diversity of automobile technology.

To sum up, the choice of manual transmission and automatic transmission should be decided according to the individual’s driving needs, skill level and preference. For those who pursue driving pleasure, like challenges and sense of control, manual transmission is undoubtedly a better choice. For those who pay attention to driving convenience, comfort and efficiency, automatic transmission models are more suitable. In the future, with the continuous progress of automobile technology and the change of consumer preferences, the game between manual transmission and automatic transmission will continue to exist, and each will occupy a place in the market. Therefore, whether you choose manual transmission or automatic transmission, you should make a wise decision based on your actual situation and needs.

　　How about [car home New Car Illustration]? Can’t squeeze in! Many people want to take advantage of the 2024 Chengdu Auto Show to visit the Tucki booth (|), but in the end they failed, because there are too many people watching the car. It seems that this time, Tucki can stand tall on the sales list by MONA M03, which is no exaggeration, because we squeezed into the car show at the auto show and really felt it, and its competitiveness is really good. Next, let’s talk about the real picture, so that everyone can feel its murderous look through the screen.

　　As a brand-new compact car owned by Tucki, Tucki MONA M03 was officially launched a few days ago (August 27th). Let’s take a look at what happened after that. First, it was listed for 52 minutes, and it was definitely over 10,000 units, and then it was over 30,000 units in 48 hours. Then, at the press conference of Chengdu Auto Show today, MONA M03 held a delivery ceremony by the way, which competitor didn’t tremble at this speed!

　　It’s time to formally introduce Tucki MONA M03, with a price range of 119.8-155.8 million yuan. At present, there are three models in the whole department. Combined with pricing, MONA M03 is a pure electric compact car, and its rivals are mainly BYD Qin PLUS EV and AION S MAX. With the price and configuration table, we also give the purchase suggestion (portal), and the price/performance ratio is really quite good. Next, it’s time to take a good look at this car!

　　In terms of appearance design, the first attraction is Tucki MONA M03′ s low posture, with sharp body line modeling, the effect is dynamic enough. The body of MONA M03 in Tucki adopts the golden ratio design of sports coupe, and has excellent drag coefficient of 0.194Cd, which can improve the battery life by 60km.

　　The T-shaped headlight group makes this car have a good recognition. There are 300 LED bulbs built in, which can scatter the light to more angles and the longest irradiation distance is 150 meters. There is Gankun in the trapezoidal air inlet shape of the front face, and it is equipped with an active air intake grille (AGS), which can be intelligently adjusted according to the vehicle speed. When it is opened, it can enhance the heat dissipation of the motor, and when it is closed, it can reduce the drag coefficient. More importantly, it is standard in all departments!

　　Tucki MONA M03 offers five exterior car colors, including Xinghanmi and cool dark black, as well as Xingyao Blue, Xingyun White and Xingque Grey, each of which is unique. The interior color matching draws inspiration from the sky color, and there are three colors available: morning fog gray, noon blue and night gray.

　　From the side of the car body, it adopts a back-walking style, and the fashion sense of the wheel rim with a new style has been greatly improved. The concealed door handle not only enhances the sporty atmosphere, but also brings better aerodynamic performance. In terms of body size, the length, width and height of the new car are 4780/1896/1445mm and the wheelbase is 2815mm respectively.

　　The most interesting thing about the tail is the design of the hatchback, and the overall visual effect is very smooth. The taillights also adopt the T-shaped design, which makes the tail end echo, and the duckling tail slightly upturned makes the tail end look more dynamic.

　　There are two styles of rims to choose from. The 19-inch sports rim is full of strength, but compared with the 18-inch low-drag tire, it obviously sacrifices some energy consumption. According to the data of official website, the official cruising range of 515 is 515km, the cruising range is 485km with 19-inch wheels, the cruising range of 620 is 585km with optional wheels, and the cruising range of 580 Max is 550km with optional wheels. The endurance loss rate is around 6%. The specific energy consumption performance can be paid attention to our follow-up measured column, and we will test it as soon as possible.

　　Xinhua News Agency, Hong Kong, June 6th 　Title: Hong Kong, Get rid of the old and seek new development.

　　Remarks: On July 1, 1997, the China Government resumed the exercise of sovereignty over Hong Kong and the Hong Kong Special Administrative Region was established. After its return to the motherland, Hong Kong has been incorporated into the national governance system and embarked on a broad road of complementary advantages and common development with the mainland of the motherland. The practice of "one country, two systems" in Hong Kong has achieved great success. The extraordinary course of Hong Kong’s return to the motherland for 25 years fully proves that the implementation of "one country, two systems" is conducive to safeguarding the fundamental interests of the country, Hong Kong and the vast number of Hong Kong compatriots. Xinhua News Agency opened the column "25th anniversary of Hong Kong’s return to the motherland" on June 6th, focusing on the successful practice of the great concept of "one country, two systems" in Hong Kong, and comprehensively showing the great achievements made by Hong Kong in the political, economic, people’s livelihood, social and cultural fields.

　　Xinhua News Agency reporter Wang Xu Zheng Xin

　　Scenery on both sides of Victoria Harbour in Hong Kong. Xinhua News Agency reporter Li Gangshe

　　In Hong Kong, which is about to celebrate the 25th anniversary of its return to the motherland, the sea breeze is still gentle and the street view is still amazing.

　　Looking back, the Hong Kong Special Administrative Region (HKSAR) has survived many storms and challenges, but it still stands proudly. All kinds of tests have not shaken the foundation of "one country, two systems", adhered to the comprehensive and accurate implementation of "one country, two systems", Hong Kong’s development has returned to the right track, and the prospect of "one country, two systems" has become brighter.

　　Looking forward to the new journey, Hong Kong is sketching out the development path under the background of the new era, and is ready to move forward.

　　Stand at a new historical starting point

　　Twenty-five years later, the neon lights in Mong Kok are still colorful, the racetrack in Happy Valley is still exciting, and the banks and brokers in Central are still full of signs, and the years have not diminished Hong Kong’s peerless elegance.

　　In the 25 years since the reunification, with the support of the central authorities, Hong Kong has overcome many crises and still maintained its position as an international financial, shipping and trade center. Under "one country, two systems", Hong Kong’s financial system remains stable, capital flows freely, human resources are abundant, and the rule of law environment is good. Its unique position of relying on the motherland, facing the world and connecting the mainland and the world has become increasingly prominent. According to the data released by the World Bank, Hong Kong will rank third in the world in terms of ease of doing business in 2020; In terms of world governance indicators to measure the rule of law environment, Hong Kong scored only 69.85 before the reunification, but it has remained above 90 since 2003.

　　Over the past 25 years, Hong Kong has stood at the starting point of a new track, facing new broad opportunities.

　　Hong Kong-Zhuhai-Macao Bridge. Xinhua News Agency reporter Liang Xushe

　　He first came to China to do business in 1979 and set up a medical device company in Hong Kong in 1994. In the eyes of Danish businessman Peter Stein, Hong Kong has a more unique charm. Guangdong-Hong Kong-Macao Greater Bay Area’s development plan introduced in 2019 made him even more impressed by Hong Kong’s development opportunities backed by the mainland and facing the world. "This opportunity is absolutely unique."

　　In the eyes of Zheng Xiangling, Chairman of the Association of Provincial CPPCC Members in Hong Kong, opportunities come not only from Guangdong-Hong Kong-Macao Greater Bay Area, but also from a series of national development plans such as the Belt and Road Initiative and the Tenth Five-Year Plan. Together with her colleagues in the Hong Kong business community, Zheng Xiangling initiated the establishment of the Hong Kong "Belt and Road" General Chamber of Commerce in 2018 and served as the president of the board of directors.

　　Zheng Xiangling personally experienced the glorious moment of Hong Kong’s return and the profound changes in the past 25 years. She believes that the "Belt and Road" construction is consistent with the long-term strategic goal of Hong Kong’s economic development, which is conducive to accelerating Hong Kong’s development into a value chain management hub in Asia and even the world, and boosting Hong Kong’s economy to achieve new transformation.

　　Innovation cooperation between Hong Kong and the Mainland is in the ascendant. Wang Yang, vice president of the Hong Kong University of Science and Technology, is a few treasures: "Hong Kong and the Mainland have established a number of scientific research cooperation platforms. Only HKUST has four research bases in the Mainland, and there are countless cooperation projects such as scientific research cooperation with the Mainland, teacher-student exchanges and the transformation of research results."

　　Guangdong-Hong Kong-Macao Greater Bay Area’s integration has been accelerated, and the "hard connectivity" between Hong Kong and the mainland, such as road network and customs clearance, has been opened to all nodes, and the "one-hour living circle" between Hong Kong and mainland cities in Greater Bay Area has taken shape. The "soft connectivity" between rules and mechanisms has been deepened, and the service trade between the mainland and Hong Kong and Macao has basically been liberalized.

　　　Open a new situation of good governance and good governance

　　"Political chaos has opened up a new situation of good governance and good governance in Hong Kong." Liu Zhaojia, vice president of the National Hong Kong and Macao Research Association, commented.

　　In June 2019, there was a "storm of amending laws" in Hong Kong, and the practice of "one country, two systems" in Hong Kong encountered unprecedented challenges. Judging the situation, the central authorities decisively adopted a series of measures to address both the symptoms and the root causes, such as enacting Hong Kong’s national security law and revising and improving Hong Kong’s electoral system, to stop violence and control chaos, to promote the situation in Hong Kong from chaos to governance, and to return Hong Kong’s development to the right track, with a series of gratifying changes.

On September 21, 2021, a street publicity campaign was held on the streets of Hong Kong to "implement patriots to govern Hong Kong and promote good governance". Xinhua News Agency reporter Li Gangshe

　　In the recent election of the sixth Chief Executive of the Hong Kong Special Administrative Region, Li Jiachao was elected with a high vote. This election is another successful practice of the new electoral system in Hong Kong after the election of the Election Committee in September last year and the election of the seventh Legislative Council in December last year, marking the full implementation of the new electoral system in Hong Kong. This significant progress, together with the in-depth implementation of Hong Kong’s national security law and the continuous promotion of bringing order out of chaos in key areas, has consolidated the good situation of Hong Kong from chaos to governance, promoted the unity and harmony of Hong Kong society and improved the business environment in Hong Kong.

　　"This is what everyone expects." Liu Zhaojia spoke highly of the political situation in Hong Kong after bringing order out of chaos, and believed that the patriotic and loving forces in Hong Kong were unprecedentedly united, and all sectors of society focused on the future development direction and deep-seated problems of Hong Kong.

　　A number of data show that international finance centre’s position has been effectively maintained and consolidated after the implementation of the Hong Kong National Security Law. Chen Maobo, Financial Secretary of the SAR Government, recently introduced that since the implementation of the Hong Kong National Security Law, the amount of new shares raised in Hong Kong has exceeded HK$ 650 billion, an increase of more than 30% compared with the same period before the implementation; The average daily turnover of Hong Kong stocks exceeds HK$ 150 billion, which is nearly 60% higher than that in the 12 months before implementation. The total value of assets and wealth management business in Hong Kong reached HK$ 34.9 trillion by the end of 2020, an increase of 20% compared with that before implementation.

Hong Kong primary school student Zeng Xiangke brought his painting "Salute — — Celebrating the 25th anniversary of Hong Kong’s return, accompanied by my parents, I took a photo at Golden Bauhinia Square to welcome the 25th anniversary of Hong Kong’s return. Xinhua News Agency reporter Wu Xiaochu photo

　　　A new starting point means a new challenge

　　The next five years will be a crucial period for Hong Kong to move from chaos to governance to governance and prosperity.

　　To prosper, we need to break through the traditional pattern and open a breakthrough in solving the difficulties and deep-seated contradictions in people’s livelihood such as housing and land, the gap between the rich and the poor, and youth development.

　　In a 28-square-meter public housing in Aberdeen (low-rent housing in Hong Kong), Ms. Li, who works hard for five people, is eager to move to a bigger house.

　　Twenty-five years after the reunification, there are still more than 200,000 people living in Hong Kong. Room, the per capita living area is less than 6 square meters. It takes six years for low-income residents to wait for public housing, and the housing difficulties they have faced since the first year of reunification have not been significantly improved.

　　"Hong Kong people hope that ‘ One country, two systems ’ Going far and steadily, on the other hand, I hope to get more happiness, security and acquisition. These are not enough by relying on the original philosophy and means of governance. " Wang Yuxian, Principal Vice-Chancellor of the University of Hong Kong, said that Hong Kong’s development model is deficient. We should gradually guide it to develop in a healthier, fairer, more efficient and more sustainable direction.

　　To prosper, we need to face up to the stormy waves of the external environment, especially to prevent external forces from using Hong Kong to suppress the development of China.

　　Hong Kong’s financial security also involves national security. At a Hong Kong National Security Law Forum held not long ago, participants pointed out that Hong Kong, as a fully open international financial center, must step up efforts to promote the diversified and sustainable development of Hong Kong’s financial system.

　　Xing, but also need to mobilize the whole society to seize the opportunity to innovate.

　　"The evolution of the situation in Hong Kong has a profound background of the times." Yan Xiaojun, director of the China Institution Research Center of the University of Hong Kong, believes that the practice of "one country, two systems" in Hong Kong needs to adhere to integrity, innovation and progress in stability in the new historical stage.

　　On May 6, Li Jiachao took a group photo with members of the campaign office. Xinhua News Agency reporter Lu Xiaoyu photo

　　Faced with many challenges, Lee Ka Chiu John, the sixth Chief Executive of the Hong Kong Special Administrative Region, said that he would firmly uphold the constitutional order established by the Constitution and the Basic Law, keep the core value of the rule of law, adhere to the bottom line thinking, resist threats and sabotage from inside and outside, safeguard the overall social stability of Hong Kong, and safeguard national sovereignty, security and development interests. Establish a more committed, team-oriented and problem-solving government with transformational thinking.

　　"Today’s world has changed greatly, but the brave win. Hong Kong can’t be slow and can’t afford it. " Lee Ka Chiu John made it clear that we must have the spirit of change, and the government, all sectors of society and citizens must unite to open a new chapter for Hong Kong!

Recently, heavy news came out in the market. Legend Rui Holding Group is considering splitting its automobile business and listing it in Hong Kong, with an estimated market value of about 50 billion yuan. This dynamic has not only brought a new turn for Chery’s listing, but also aroused widespread concern in the entire automobile industry.

As one of the few automobile group companies in China that have not yet landed in the capital market, Chery’s listing process can be described as twists and turns. Then, can this spin-off listing become a key leap for Chery to realize its dream of listing?

The road to listing is full of twists and turns

Since its establishment in 1997, Chery Holding Co., Ltd. has developed from a single automobile manufacturer into a comprehensive enterprise covering automobile, finance, real estate, service, intelligence and parts manufacturing, and its business footprint covers more than 80 countries and regions around the world. However, despite remarkable achievements in business scale and market share, Chery’s road to listing is extremely difficult.

Chery automobile has been preparing for the IPO for nearly 20 years since the listing plan was first announced in 2004. At that time, Anhui Province actively promoted the listing of Chery and implemented the share reform. However, despite its outstanding performance, Chery’s initial listing attempt finally failed due to factors such as unclear equity relationship with SAIC.

Around 2006, JAC was in trouble. As the two major automobile manufacturers in Anhui Province, it was once reported in the market that Chery and JAC might merge and go public and cross-hold shares, which brought JAC the hope of getting out of trouble. But unfortunately, Chery failed to be the savior of Jianghuai. With the approval of Jianghuai car project, it successfully saved itself, and the rumors of merger with Chery also vanished.

Since then, Chery has repeatedly suffered setbacks on the road to listing. In 2015, Chery Huiyin, its joint venture company, failed to hit Hong Kong stocks and A shares. In 2016, Chery New Energy tried to achieve "backdoor listing" through conch profiles, but it also failed to do so. As an old-fashioned independent brand car company, Chery’s repeated failures are undoubtedly regrettable. However, Chery has not given up, but has been actively preparing for listing.

In 2020, Chery introduced Qingdao Wudaokou Capital; In 2022, Luxshare became a new strategic investor of Chery. According to the latest plan, Chery plans to complete the A-share IPO by 2025. Two years ago, Yin Tongyue, Party Secretary and Chairman of Chery Holding Company, made it clear that in order to broaden the financing channels, it was hoped that Chery Automobile could successfully go public before 2025, so as to promote the company’s new round of transformation.

The main purpose of enterprise listing is financing. Chery’s capital demand has always been well known to the industry. Yin Tongyue once admitted that Chery’s early capital investment was limited, and it has not been listed, and it has not issued bonds in the capital market in recent years. Therefore, in the process of rapid development, Chery’s capital demand mainly depends on bank financing. Landing in the capital market will not only help Chery to establish a long-term capital replenishment channel, but also activate its equity incentive mechanism. From the initial listing plan in 2004 to the completion of the capital increase and share expansion project in 2019, Chery’s listing road has been tried many times, but it failed for various reasons. Now, with the news of the spin-off and listing of the automobile business, Chery has once again taken a solid step towards the capital market.

Multiple considerations behind the valuation of 50 billion yuan

As early as the end of last year, there were rumors that Chery Automobile was preparing to go public this year, and the listing place was initially designated as the mainland, with a valuation as high as 150 billion yuan. However, the valuation of this IPO in Hong Kong has been adjusted to 50 billion yuan, which is significantly reduced compared with previous rumors. Behind this change, there are multiple factors such as the uncertainty of the global automobile market, the fierce competition of the new energy automobile industry and the fluctuation of the Hong Kong stock market.

Under the background of global supply chain bottleneck, rising raw material prices and increasingly fierce market competition, the profitability of auto companies is facing severe challenges, and investors are becoming more cautious about the valuation expectations of auto companies. At the same time, the competition in the new energy automobile industry is becoming more and more fierce, which makes investors conservative about the future growth potential of Chery Automobile. In addition, the overall poor performance of the Hong Kong stock market, especially the fluctuations in technology stocks and new energy vehicles, also affected Chery’s valuation.

Nevertheless, the spin-off listing is still of great significance to Chery. Through direct financing in the capital market, Chery can obtain more funds for R&D and market expansion, especially in frontier areas such as new energy vehicles and smart driving. At the same time, listing will also help attract strategic investors and partners and inject more resources and support into the company’s long-term development.

In order to have a deeper understanding of the prospect of Chery’s spin-off and listing, "Auto Talk" interviewed a number of industry experts and analysts. They generally believe that the spin-off and listing will help Chery to focus more on the main automobile industry and improve its operational efficiency and market competitiveness. Through listing, Chery can more clearly define the strategic objectives and market positioning of the automobile business, and optimize the resource allocation and management system.

However, some analysts have warned that Chery needs to pay close attention to the changes in the market environment and competitive situation, and formulate practical strategic planning and marketing strategies. In addition, before the spin-off, Chery needs to strengthen its internal management and enhance its brand image to ensure the long-term and stable development of the company.

According to Yin Tongyue, chairman of Chery Holding Group Co., Ltd., Chery will be split and listed in the future, and will be laid out in many fields such as new energy, artificial intelligence, mobile travel service and core components. Through the spin-off, Chery can build a multi-sector listed company cluster, realize the diversification and coordinated development of its business, and thus enhance its overall competitiveness and anti-risk ability.

Generally speaking, the news that Chery intends to spin off its auto business and go public has brought new hopes and opportunities for the company’s future development. Despite many challenges and uncertainties, Chery has not given up its dream of going public. Through the spin-off, Chery is expected to improve the efficiency of capital operation and financing ability, focus on the main automobile industry and enhance brand value and market competitiveness, conform to the development trend of the automobile industry and seize market opportunities.

High-configuration route is a characteristic that domestic cars have always adhered to, and at the same time, the price is more grounded. Under the double blessing of these two advantages, domestic cars are increasingly sought after by consumers. I’ll bring this one to you today. So whether this car is a mule or a horse, let’s take a look at its actual performance.

First of all, from the appearance, Changan Auchan X5′ s front face has delicate lines and looks more fashionable and sporty. Combined with simple and fashionable headlights, it looks very fashionable and simple. The car is equipped with LED daytime running lights, automatic opening and closing, delayed closing and so on. Coming to the side of the car body, the size of the car body is 4490 mm * 1860 mm * 1580 mm. The car adopts rounded lines, and the side circumference looks very atmospheric. With large-sized thick-walled tires, the shape is eye-catching. In terms of the rear end, the rear end looks very individual, and the taillights look very profound. Coupled with the unique exhaust pipe, the overall layout is impressive.

When I came to the car, the interior styling looked very streamlined, and the overall design atmosphere was still in place. The car looks very good outside the steering wheel, made of imitation leather, and its practicality and face value are not bad. Take a look at the central control. The design of the center console is reasonable, which makes the interior design quite layered, which is in line with the temperament of the car. Let’s take a look at the dashboard and seats again. The dashboard of this car presents an elegant design style, giving people a very round feeling. The car uses a leather/fabric mix seat, equipped with functions such as tilting the seat, and the comfort is acceptable.

Changan Auchan X5 is matched with a wet dual clutch (DCT) gearbox, with a maximum power of 138KW and a maximum torque of 300N.m, with good power performance.

Equipped with car networking, driving mode selection, remote control key, rear wiper, engine start and stop, etc., it has rich functions and greatly improves its convenience.

The model class introduced today is the most considered class when many people buy their first car, mainly because the size of this class is moderate and the price is reasonable. As long as you like it, go ahead and buy it.

The competition in the automobile market is still very fierce. What Xiaobian brings today is. Now let’s follow Xiaobian to see what it has done.

Let’s take a look at the appearance of Weilai ET7. The front face of Weilai ET7 has improved the grade of the whole vehicle and looks more domineering. At the same time, the headlights present a fashionable and dynamic design style, adding a sense of exquisiteness. The car is equipped with LED daytime running lights, front fog lights, automatic opening and closing, adaptive far and near light, delayed closing and so on. Coming to the side of the car body, the size of the car body is 5101 mm * 1987 mm * 1509 mm. The car adopts simple lines, and the side circumference feels very full. With large-sized thick-walled tires, the shape is quite dynamic and lively. In the rear part, the rear of the car echoes the front face from a distance, and the taillights present a dynamic and lively design style, and the overall shape is still very attractive.

When I came to the Weilai ET7 car, the interior design was very exquisite and it looked very exquisite. The steering wheel of the car is well designed and made of genuine leather, and its practicality and face value are not bad. Take a look at the central control, with the 12.8-inch touch-sensitive LCD central control screen, which makes the interior design quite layered and looks scientific. The dashboard and seats give people a good feeling, too. Let’s take a look. The car is equipped with a simple dashboard and the display effect is excellent. The car uses leather seats, and the seat wrapping is in place, and the overall comfort and wrapping are not bad.

Weilai ET7 is 480KW, with a total torque of 850N.m and a maximum speed of 200 km/h..

The car is equipped with car networking, driving mode selection, remote control key, Bluetooth key, NFC/RFID key, UWB digital key, indoor atmosphere light, traction control (ASR/TCS, etc.), which fully ensures the convenience and comfort of car experience.

Such a car with the right price is enough to meet the daily practical needs, and it doesn’t take much thought to maintain it at ordinary times, and the cost performance is good. As long as you like it, go ahead and buy it.