How does the China Film Publishing Company support the two counter-attacks of the May 1st file "Above the Cliff" and "Fighting Against the Black"?

writing| Lin Lili

 edit| Wan Xiaoxian

On May 15th, 15 days after the official release of Above the Cliff, the box office officially broke through 900 million yuan, and won the single-day box office champion for 13 consecutive days. On the same day, the movie "Fighting Against the Black" also broke through 300 million box office after 14 days of release. After two weeks of long-term screening, the two films, which were only ranked third and sixth on the first day of the May 1 ST file, were perfectly countered.

On May 1st this year, 12 films with different themes and styles were released at the same time, which was called "the most crowded May 1st in history". As the main publisher of Above the Cliff and the co-publisher of Fight Against the Black, China Film Publishing Company successfully supported the two counter-attacks of the May 1 ST file with objective and calm market judgment and precise and professional distribution actions.

It’s hard to know what’s going on until it’s gone through. At the box office, the China Film distribution team traced back to the reporter the road of counterattack of "Above the Cliff".

On the Cliff, set in Harbin in 1930s, tells the story of communist party’s secret mission to Harbin, where he fought bravely with the enemy and finally completed his mission without fear of sacrifice. As the first spy war film directed by Zhang Yimou, Above the Cliff continues his distinctive personal style, and the solid and delicate plot design and tense and lively narrative rhythm realize a new exploration of domestic spy war films.

Jiao Hongfen, Party Secretary and Chairman of China Film Group Corporation and Chairman of China Film Co., Ltd., once said that as a film industry chain enterprise, China Film is the primary task to provide high-quality films to the audience. "We must adhere to the people-centered creative orientation, reflect people’s work and life, focus on people’s emotional world, show people’s devotion to truth and goodness, and tell good stories about the Communist Party of China (CPC), Socialism with Chinese characteristics’s good system, China’s excellent traditional culture and red culture."

Fu Ruoqing, deputy secretary and vice-chairman of the Party Committee of China Film Group Corporation, vice-chairman and general manager of China Film Co., Ltd., and the chief producer of the film On the Cliff, mentioned when recalling the creative process that On the Cliff, he wrote the true feelings with a passion, and looked back at history at the time node of the centenary of the founding of the Party. Do not forget your initiative mind made the audience feel the precious spiritual wealth left by these unknown heroes for future generations. "We hope that this work can touch history as much as possible, truly present history, and express sincere true feelings through vivid true stories, real people and real pictures."

At the end of July, 2020, "Above the Cliff" was still in production. As the main investment and master of the film, China Film Distribution began to build a team structure for the announcement. At the film promotion meeting of Beijing International Film Festival held in August of the same year, China Film Distribution grandly promoted Above the Cliff as a key film in 2021.

At that time, it was at the stage of the cinema’s resumption of production after the epidemic. The whole industry was working hard to accelerate the recovery of the film market, and "Above the Cliff" was also accelerating filming. With the completion of the production of the film, I learned more about the film. At the same time, under the strong national epidemic prevention and control policy, the film market has basically recovered after the summer vacation, National Day and New Year’s Day. Combined with the film itself and the current market situation, the publicity team has also established clear plans and goals in terms of work direction, ideas and strategies.

The previous market research shows that this is a film with a relatively mature target audience. How to make the dedication and sacrifice spirit that the mission must be achieved 90 years ago approach the audience of the post-90s and post-00s today, and how to effectively convey the director’s artistic exploration and breakthrough to the mainstream audience, so as to achieve a win-win situation for creation and market … All these are the problems that must be solved in the publicity link.

The initial schedule selection space of Above the Cliff included Spring Festival, May 1st and July 1st. After synthesizing various influencing factors, including the director, the producer, distributor and marketing party decided to release it in May 1st after repeated discussions. At that time, there were only four or five films scheduled in the schedule, and the market space was relatively ample. On March 23, Above the Cliff announced that it was scheduled for April 30.

The market is changing rapidly. With the approach of the May 1st file, many films are scheduled and changed, and the May 1st file suddenly pours into 12 films, so the limited market space is facing a huge diversion challenge. At the same time, the first round of survey data feedback "Above the Cliff" has a mediocre response among the mainstream audience in their twenties and thirties, and the sinking market is not hot, and the data of Cat’s Eye and Taobao Film platforms can’t be broken.

No. 1

Three rounds of screening drive word-of-mouth to "break the circle"

"The movie is good, not afraid to watch it." After repeated communication with the propaganda team and the landing executive company, China Film Distribution decided to promote the release of word-of-mouth through pre-screening scale screening, form social topics and promote the audience to quickly "break the circle".

On April 14th, "Above the Cliff" got the release license, and a series of preparatory work related to screening, such as cinema selection, hard disk production and delivery, and material delivery, was completed in the week of distribution. On April 18th, more than 400 screenings of "Above the Cliff" were launched in the first round, with an average of 53 people, which led to a slight increase in related indexes.

After the first round of screening, China Film Distribution cooperated closely with the joint issuer’s landing executive team, and made an internal re-screening at the first time. The data did not fully meet expectations. Should the screening continue?

"We believe in the quality of the film. As the first film to start the scale screening in May 1st," Above the Cliff "conveyed strong confidence to the market and was also affirmed by the industry. Platform data analysis is a source of market pre-judgment, but we should not ignore the most direct market feedback obtained by distributors after face-to-face communication with theater managers and ticket buyers in each screening city. " China Film Distribution related business personnel told reporters that after the first screening, many first-line cinema managers expressed their confidence in the film, and many young audiences showed their love for the film.

The transmission of confidence has consolidated China Film’s plan to launch the second round of screening quickly. Compared with the first round of more than 400 games, the scale of the second round of screening has expanded to more than 2,500 games. Hard work pays off, and the second round of screening exceeded 7 million in a single day, with an average of 76 people per game. On April 25th, the day after the second screening, the number of people who want to see "Above the Cliff" is increasing to a new high, and the number of people who want to see it on the dual platforms of Cat’s Eye and Taobao Film is more than 30,000, which is higher than that of films in the same period.

On April 29th, the third screening of Above the Cliff was launched, and the screening scale was expanded from more than 400 in 10 cities in the first round to more than 4,000 in 34 cities in three rounds. At the same time, at the request of CINITY, China Giant Screen, IMAX and other big screen publishers, the screening version of the screening was added, which made the high-quality audio-visual effect of the film more perfect. After three rounds of screening, all platforms of Above the Cliff want to see more than 320,000 indexes, successfully ranking among the top three in the schedule, further consolidating market confidence and narrowing the gap with the first two films.

No. 2

Counter-attack of refined issuance and lifting market

Starting from the point screening, the business staff of China Film introduced to the reporter the refined distribution strategy of Above the Cliff, which is represented by regional deep cultivation, reasonable proportion, point-to-surface combination and segmented key. If the three-round screening has inserted the wings for "Above the Cliff", then the refined release after the three-round screening determines the height of the film’s flight and the speed of counterattack.

After determining the announcement strategy of "Above the Cliff" to promote word-of-mouth "breaking the circle", the China Film Distribution and Landing Executive Company confirmed the list of cities that were screened in the first round from the dimensions of previous similar films, urban market volume and film directors themselves.

It is worth mentioning that Xi ‘an, one of the screening cities, is a special screening city for the distribution staff of China Film, based on the extraordinary market share of director Zhang Yimou and his film One Second in Xi ‘an. The three rounds of screening data really verified the judgment of the distribution staff of China Film. The urban data of Xi ‘an in the screening stage and the public release stage are very outstanding, and the urban film arrangement has repeatedly topped the list. To this end, director Zhang Yimou also specially used Shaanxi dialect to send blessings to his hometown audience.

China Film Distribution has also set up a special data analysis team to provide market data support for the distribution business, assist in optimizing cinema film arrangement and continuously increase market increment. Being objective and rational with a professional attitude in the complicated market environment is one of the core essentials of the distribution of Above the Cliff. Business personnel told reporters that being objective and rational in the distribution practice means pursuing the most reasonable proportion of films, not blindly following, not following the trend, and not chasing high. Monitor the trend of data every day, adjust the focus of work, continue to consolidate the results in areas with high output and good film arrangement, pay more attention to areas with low film arrangement and slow heat rise, keep communication, strive to find breakthrough space, and realize long-term projection and efficient output of films by pursuing reasonable film arrangement ratio.

Another embodiment of the refined distribution of Above the Cliff is to ensure the standardization and order of the market through the production and distribution of segmented keys. As a means to maintain market order, segmented keys began to be explored and tried in 2020. In May 1st, 2021, all films of the Spring Festival archives were distributed with segmented keys. Combined with the actual market cycle and space of the archives, the segmented keys of "3-3-4" were used for production and distribution, that is, the keys were produced and distributed according to the rhythm of "three days, three days and four days", so as to standardize market behavior and ensure the order of the archives.

No. 3

Double-line propaganda breaks through all circles

In terms of publicity and marketing, China Film Distribution, together with Bole and China Film Junhe, combined with the film characteristics of Above the Cliff, formulated a three-wheel and two-line word-of-mouth marketing strategy. That is to say, three marketing rounds are defined for the nodes in the pre-marketing, after screening, after premiere and after public release, so as to spread word-of-mouth from two dimensions of emotional line and noumenon line, increase the volume of the film, and achieve word-of-mouth breakthrough and audience "breaking the circle".

In the early stage of publicity and marketing, we should start with excellent production and exquisite art, and strengthen the film’s commercial type attribute and spy war theme cognition; Highlight the film’s "playing bones" lineup, ferment the entertainment topics of actors’ acting skills, and accumulate platform popularity. Combined with the film itself, pay tribute to the unsung hero.

After two rounds of large-scale screening and film premiere, a lot of entertainment materials were produced, and marketing concentrated on breaking through the bottleneck of popularity. For example, materials such as discovering the live disco in Yu Hewei and director Zhang Yimou’s answer to YYDS were released by many media and Tik Tok’s talent on the Tik Tok platform. On the second day of the premiere, Zhang Yimou live broadcast connected six top creators in Tik Tok, which made the total number of non-Spring Festival live broadcasts in 2021 the first, and achieved a wider reach with the help of fans’ diversion.

After the film was released, it released a lot of positive word of mouth, and the audience began to intuitively feel the sacrifice spirit of the movie characters. The marketing link began to release the content of the feature film, interpreting the details of the actors’ performances and the spirit of sacrifice implied in the film. Through the discussion of hidden details and the transmission of deep emotional resonance, the film continues to push up the popularity.

Three rounds of word-of-mouth marketing closely follow the two dimensions of "emotional line" and "ontological line". The former explores the affection and friendship in the film to convey the feelings of home and country, and interprets the national crisis. When ordinary heroes stand up from the roles of parents, husbands, wives and children, they are quite responsible for their determination and courage. At the same time, they hook up with the unknown heroes in reality from the hidden front in the film and arouse the emotional resonance of the audience. The noumenon line focuses on the role and acting skills, and guides the big screen to watch movies from the aspects of neat acting skills and performance textbooks.

Another feature of "Above the Cliff" marketing is to fully mobilize mainstream media and new media. On the one hand, the cumulative exposure of 100 media led by mainstream media broke 10 billion, which triggered a strong fission of government affairs numbers in various fields; On April 19th, the film held an expert observation seminar in Beijing, and experts from Industry-University-Research spoke out, which highly affirmed the film’s ideological and artistic achievements. In the process of film marketing, authoritative film critics and KOL voices are constantly introduced, and the voices of experts and opinion leaders are used to set the tone for film marketing.

On the other hand, Weibo, Tik Tok, Douban, WeChat, bilibili, Today’s Headline, Zhihu, Hupu and other platforms are fully radiated, and the new cross-border gameplay is "broken", breaking through the core circle dominated by fans, entertainment, history and military, and breaking through the incremental circles such as emotional culture and secondary elements.

Three rounds of two-line marketing have achieved the breakdown and strong fission of the circle. As of May 17th, the main topic of the film "Above the Cliff" in Tik Tok has reached 1.99 billion, and the cumulative broadcast volume of movie-related topics has exceeded 3.6 billion. A total of 19 times on the hot list of Tik Tok and 27 times on the entertainment list; Weibo hot search 64 times, headline hot list 42 times, Zhihu hot list 9 times, Douban real-time hot book audio and video continued to "dominate the list" for 18 days.

Different from the three rounds of large-scale screening of Above the Cliff in the past two weeks, The Fight Against the Blackout, which entered the May 1st file at the end of April, has no room for large-scale screening. As a co-distributor, China Film has won limited screening space for the film, and insisted on the same slow and steady distribution strategy as Above the Cliff, pursuing appropriate film ratio, which finally helped the film to achieve long-term screening and counterattack within the schedule.

It is also known that in the May 1st this year, China Film Distribution and Development Corporation participated in Above the Cliff, Fighting Against the Black, Secret Visitors, ONCE UPON A TIME IN HONG KONG, Searching for Han Ji, Sunshine Robber, True Three Kingdoms, GG Bond Movie Dinosaur Diary, etc. by means of main investment, joint distribution, agency distribution and statistical settlement. With a rational and objective attitude and refined professional distribution actions, the two counterattacks of the May 1st file were supported. On the premise of fully understanding the market and the audience, the breakthrough of the existing circle was realized by scale projection and word-of-mouth fission, which provided experience for the market exploration of non-flow films.

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Zhang Jiahui fights the screen again: hand in hand with Ma Yuke to create "the blood of the dog", the pay is reasonable but it needs to regain the rhythm of the series

Zhang Jiahui: The light of the best actor reflects the TV screen, and joins hands with Ma Yuke to create a new chapter in "The Blood of the Dog"

In 2024, the film and television industry ushered in a remarkable news: Zhang Jiahui, the best actor who has not been involved in the field of TV dramas for a long time, joined hands with director and close friend Ma Yuke to create the criminal investigation drama "Blood of the Dog". This move not only marked a new turning point in Zhang Jiahui’s acting career, but also attracted the attention of fans and the media. The renewed cooperation of the two powerful artists undoubtedly injected endless artistic charm and commercial potential into this much-anticipated new work.

#### Reunion and Collaboration: Screen Brotherhood, Artistic Resonance Sequel

Looking back to the 2013 film "Anti-Drug", Zhang Jiahui and Ma Yuke first sparked on the big screen, and have formed a deep friendship since then. This brotherhood has become stronger through the years, and it was reheated in 2022 in Ma Yuke’s "Rage Tide". Zhang Jiahui’s affectionate performance made the film a great success. Now, with the two people appearing on the same stage at the premiere of "Rebirth", the audience is fortunate to witness another sublimation of their friendship. Ma Yuke admitted that the new story being conceived is very likely to invite Zhang Jiahui to join again, which shows the tacit understanding and dedication of the two people on the artistic path.

#### Why Return to TV Series: Feelings and Challenges Coexist, Obsession is Still Hot

After more than 20 years away from the TV drama industry, it is no accident that Zhang Jiahui chose to take on the production of "Blood of the Dog". The drama is co-directed by the former TVB gold medal production team – director Su Wancong and chief screenwriter Ouguan Ying, and the script is adapted from the overseas IP that has swept the world. In the face of such a strong behind-the-scenes lineup, Zhang Jiahui bluntly said that taking over the drama is to stick to the spirit of "keeping the torch", hoping to give life to the characters with his acting skills, and live up to the name of the original novel. In the drama, he will play a character who has gone astray due to family ties, but tries his best to redeem his mistakes, deeply digging into the complexity and contradictions of human nature, and showing his usual superb acting skills.

Returning to television, however, has not been easy. Mr. Cheung admits to a long-lost sense of strangeness in the face of a 20-episode script and a work style that is very different from film. He needs to readjust to the rhythm and performance of the series, especially during the months of filming in Macau and mainland China. How to maintain the coherence and depth of the characters is undoubtedly a new challenge for him. However, this challenge is precisely what inspired his original passion for the performing arts, as Ma Yuke said: "His obsession and love for movies are still the same."

#### Pay and market response: Reasonable pay sparks heated debate, audience expectations soar

Zhang Jiahui has been quite candid about the issue of pay from the outside world. He said that although the compensation offered by "Blood of the Dog" is not as generous as that of the film, it is undoubtedly reasonable, and he stressed that it is not a key factor in deciding whether to take the lead. He values the content of the characters and the overall quality of the series more than money. Nonetheless, this level of compensation has caused heated debate in the industry, and many people believe that Zhang Jiahui’s move may reshape the salary standard of the TV drama market and lead more film actors to join the small screen.

At the same time, the market has responded enthusiastically to the return of Zhang Jiahui. Audiences are full of expectations for the golden lineup composed of the best actor, Hu Xinger and Zeng Shunxi, and they can’t wait to see the unique style of "Blood of the Dog". The addition of Zhang Jiahui has undoubtedly added a heavy quality guarantee to the drama, which is expected to set off a new round of viewing craze.

#### End: The two join forces to send a message to the audience to share the audio-visual feast

The collaboration between Zhang Jiahui and Ma Yuke is not only an artistic collision, but also a deep look back and a new exploration of the TV drama industry by the two filmmakers. Their hand-in-hand undoubtedly injected a unique soul and strength into "Blood of the Pummy Dog". Looking to the future, we have reason to believe that this work that has condensed their hard work will surely bring a soul-shaking audio-visual feast to the audience with its profound theme, gripping plot and wonderful interpretation of the actors. And Zhang Jiahui’s magnificent turn in the field of drama will also become a powerful stroke in his acting career, witnessing his endless love and unremitting pursuit of art.

Responsible editor:

The powerful Maybach S-class, thousands of troops are afraid to tremble!

Low fuel consumption is in line with the needs of many office workers. After all, what they think about on the way to and from get off work every day is definitely not power control, but saving money and ensuring basic transportation needs. Today’s car is very characteristic. The strength of this car still needs to be known, let’s take a look together.

First of all, from the appearance, the Maybach S-class front shape is very calm and looks very simple. With headlights, it looks quite classy. The car is equipped with LED daytime running lights, automatic opening and closing, adaptive far and near light, automatic steering, delayed closing, etc. Come to the side of the car, the body size of the car is 5470MM*1921MM*1510MM, the car adopts round lines, the side presents a dynamic and lively design style, with large-sized thick-walled tires, smooth lines run through the entire side of the car. In terms of the rear, the rear looks very clean, the taillights are very streamlined, and coupled with the unique exhaust pipe, it is still relatively sporty in general.

In the Maybach S-Class, the interior adopts a sporty design, which better enhances the sense of cleanliness. The steering wheel of the car adopts a hollow design and is made of genuine leather, which is full of design. From the central control point of view, with the 12.8-inch touch LCD central control screen, the interior style is impressive, and the details are still in place. Let me introduce the dashboard and seats. The dashboard of the car presents a stable and atmospheric design style, which looks very delicate. The car adopts leather seats, which are well-wrapped and have good overall comfort.

The Maybach S-Class is matched with an automatic manual (AT) gearbox, with a maximum power of 450KW and a maximum torque of 900N.m, resulting in good power performance.

The car is equipped with vehicle to everything, driving mode selection, remote control key, rear window sunshade, interior ambient light and other configurations, the configuration performance is still relatively good, to some extent improve the convenience of the driver.

The Maybach S-Class introduced today is not only eye-catching in terms of space, but also has reached the mainstream level in various configurations, and the driving experience and space experience are nothing to be picky about. If you really want to buy this car, you still need to go offline to experience it.

The warmest hug in issue 476: the nurse hugged the grandmother to resolve the fear of surgery.

Cctv news These days, a photo of a nurse holding an old man on the operating table has been circulated in a circle of friends, which has warmed many people. What the hell is going on here?

It turned out that the 84-year-old Yan Zhaogen was admitted to Heji Hospital affiliated to Changzhi Medical College because of a fracture. When the old man was pushed into the operating room, the old man was so nervous that he trembled and tears rolled around his eyes. Nurse Zhao Kaili saw that the old man was so nervous. In order to appease the old man’s mood, she held the old man in her arms and said, "Grandma, don’t be afraid. Please lie in my arms and have the operation. It will be finished soon. All of us will always be with you, don’t worry! "

Lying in Zhao Kaili’s arms, Yan Zhaogen’s old man’s nervousness gradually eased, and his stiff body gradually relaxed. In order to further alleviate the tension of the elderly, Zhao Kaili chatted with the elderly. Slowly, the old man talked more and even told the medical staff about his youth. Zhao Kaili’s colleagues saw this touching scene and recorded it with their mobile phones.

With the cooperation of medical staff, three hours later, the operation of the elderly was successfully completed.

After the operation, the old man Yan Zhaogen said to her daughter: "The nurses in this hospital are very good. At that time, I was afraid of surgery. The little nurse held me like a daughter and chatted with me, and kept holding me until the operation was finished. When I get well, I must thank this little girl! "

A little hug and a warm word add a little warmth to the doctor-patient relationship. This is the power of love, warmth and kindness. A casual moment becomes a warm current that moistens people’s hearts and brings us infinite touch! Let’s say thank you to this beautiful nurse!

The new MINI Cooper fuel version is officially launched, and the limited-time gift price starts from 208,800 yuan

ifeng.com Car News On November 16, the new MINI Cooper fuel version was officially launched. The models released this time include three-door version, five-door version and high-performance JCW version. The limited-time gift price is 208,800 yuan to 305,800 yuan, and the price is 233,800 yuan to 310,800 yuan. The new car continues to enter the Chinese market as an imported car.

The new MINI Cooper fuel version is officially launched, and the limited-time gift price starts from 208,800 yuan

New MINI Cooper launch limited-time discount price:

New MINI Cooper 3 Door Edition New MINI Cooper 3-door Cooper C Classic 208,800 yuan 全新MINI Cooper三门版Cooper S艺术家 267,800 yuan New MINI Cooper Three-Door Cooper S Racer ¥27.78万元 The new MINI Cooper five-door edition New MINI Cooper Five-Door Cooper C Classic ¥21.88万元 全新MINI Cooper三门版Cooper S艺术家 ¥27.78万元 全新MINI Cooper JCW 全新MINI Cooper JCW ¥30.58万元

全新MINI Cooper三门版上市限时礼遇价区间为20.88万元-27.78万元,全新MINI Cooper五门版上市限时礼遇价区间为21.88万元-27.78万元,全新MINI Cooper JCW车型上市限时礼遇价为30.58万元。

The new MINI Cooper fuel version is officially launched, and the limited-time gift price starts from 208,800 yuan

MINI车主身份多元、个性百变,全新MINI Cooper为此设计了三种个性车款,提供“赛车手”、“艺术家”、“经典派”三种专属搭配,满足不同的审美需求。

The new MINI Cooper fuel version is officially launched, and the limited-time gift price starts from 208,800 yuan

全新MINI Cooper燃油版在外观设计上保留了MINI品牌的经典元素,如标志性的圆形大灯、双色车身、“米字旗”尾灯等,同时融入了更多现代感的设计细节。车头两侧的圆形大灯组配备了环状LED日间行车灯,进一步提升了辨识度。车身前脸采用点阵式虚线装饰和红色S标志,彰显出高性能车型的身份。此外,三门版和五门版车型在车尾设计上也有所不同,五门版车型的车尾更加简洁,尾灯通过亮黑色装饰板相连,中央的COOPER S尾标进一步突出了车型的高性能特质。

The new MINI Cooper fuel version is officially launched, and the limited-time gift price starts from 208,800 yuan

在内饰方面,全新MINI Cooper燃油版延续了品牌一贯的经典风格,并引入了更多创新元素。中控台搭载了9.44英寸的圆形OLED中控屏,配合全新的Mini Operating System 9车机系统,操作界面直观简洁,用户可以轻松享受导航、互联商店等功能。车内还设有七种“MINI体验模式”以及双向车用投影功能,为车主提供了更加个性化的驾驶体验。方向盘设计全新,增厚的结构提供更好的手感,座椅则采用了白色皮革与织物拼接,打孔花纹不仅提升了舒适性,也增添了豪华感。

The configuration of the new model has been greatly improved. Hold the UWB digital key in your pocket before getting on the car, and it will sense your arrival. After entering the car, the round OLED central control screen and two-way projection ambient light greet you. There are ARB + DSCi assistance and L2 smart driving escort when driving. Electric adjustable seats and seat massage can soothe the the body during the journey. There are also wireless charging of mobile phones, cute pet Spike intelligent personal assistant, and rich audio and video entertainment. Whether it is going home from get off work or long-distance self-driving, MINI takes care of users.

The new MINI Cooper fuel version is officially launched, and the limited-time gift price starts from 208,800 yuan

The new MINI Cooper fuel version is officially launched, and the limited-time gift price starts from 208,800 yuan

In terms of power, the new MINI Cooper fuel version offers 1.5T and 2.0T engines for users to choose from. The MINI Cooper C Classic is equipped with a 1.5T three-cylinder gasoline engine with a maximum power of 115 kilowatts and front-wheel drive, with a 100-kilometer acceleration time of 8.0 seconds. The MINI Cooper S is equipped with a 2.0T four-cylinder engine with a maximum power of 150 kilowatts, a peak torque of 300 Nm, and a 100-kilometer acceleration time of 6.6 seconds. The JCW model is equipped with a higher power 2.0T engine, with a maximum power of 170 kilowatts and a peak torque of 380 Nm, and a 100-kilometer acceleration time of 6.1 seconds.

The new MINI Cooper fuel version is officially launched, and the limited-time gift price starts from 208,800 yuan

In addition to the strong power performance, the new MINI Cooper fuel version is also equipped with a number of intelligent driving auxiliary features, such as blind spot safety warning, 3D visual map, etc., to further enhance the safety and convenience of driving. In addition, the handling performance of the new car is still excellent. The "four wheels and four corners" design of the three-door version makes the body look more dynamic, while providing extremely flexible handling performance. The chassis of the body is made of high-strength steel, and it is equipped with the preload anti-tilt bar for F1 racing applications, which enhances the rigidity and support of the vehicle.

The new MINI Cooper fuel version is officially launched, and the limited-time gift price starts from 208,800 yuan

The launch of the new MINI Cooper fuel version not only provides consumers with more choices, but also demonstrates the MINI brand’s pursuit of the perfect combination of classic and modern. In today’s increasingly popular new energy models, the new MINI Cooper fuel version will continue to occupy a place in the luxury small car market with its unique design language, excellent power performance and rich configuration.

"Maizhuang" combined to produce "Clean Government" Liu Qingyun and Zhang Jiahui "started fighting"


1905 movie network news Following the "Eavesdropping" series, Mai Zhaohui and Zhuang Wenqiang, a golden duo, once again collaborated on the production of the Emperor’s film "Clean Government" series, the trilogy is "Smokescreen", "Shady Screen" and "Insider", the first shot "Smokescreen" by the best actor and queen Liu Qingyun, Zhang Jiahui, Lin Jiaxin starring, the lineup also includes: Fang Zhongxin, Chen Jiale, Tang Yi and special guest performances of Yuan Yongyi, etc. Dr. Yang Shoucheng, chairperson of Emperor Group, came to the shooting scene to cheer up, and Yang Sheng’s very old friend Jiahui immediately stepped forward to seek benefits for the crew. As a result, he successfully won the five-figure long live amount, which brought the whole team a good taste.


One of the conversations between Qing Yun and Jia Hui in "Lian" is in the billiard room. During the shooting of the gap, both of them "fight" because of the itching. Qing Yun said: "I like to play billiards." The two have to compete both inside and outside the play, because Qing Yun and Jia Hui will deal with Lin Jiaxin this time, Jia Hui laughs and points out that Jiaxin is Mrs. Qingyun in the play. "Jiaxin used to play my childhood mother, and this time she is just chasing me, so we are a little more in the chase." Later, Jia Hui and Jiaxin will go to other places to shoot snow scenes. Qing Yun smiled and said: "He and my wife Lin Jiaxin in the play have more scenes than me." In addition to Jiaxin, Qingyun also has a rival, Yuan Yongyi, whom the audience is looking forward to working with again. Qingyun said: "Liangliang is the actress I have worked with the most. I really haven’t worked with her for a long time. I tried to meet their family on the street before filming, but later I knew there was a chance to cooperate."


In addition, in order to prepare for the role of ICAC in the play, Qingyun revealed that director Mai Zhaohui prepared a lot of materials for reference in the morning, and introduced some former ICAC personnel to Qingyun. I hope to have a deeper understanding of their work and make sufficient preparations.


As for Chen Jiale and Tang Yi, Tang Yi joked that he and Jiale have been waiting for years to be lovers, but unfortunately they still can’t wait. "This time we met couples, but I added some ambiguous eyes, I don’t know if the director noticed it, haha." Chen Jiale, who plays Qingyun’s assistant, said that he has a series of Watching Maizhuang, and this time "Clean Government, Smoke Screen" is also related to society. "This time we discussed the problems caused by the smoke, and many people must pay attention, but as for what the problem is, we have to keep it a secret, because we are ICAC." And Jiale will pay attention to Qingyun’s acting changes every time he shoots, "He makes the whole thing more vitality, so upright." Tang Yi pointed out that there would be pressure in the past to cooperate with seniors, especially the best actor level, "" Now I am looking forward to it. I may not have the courage to look at them directly in the past, but this time I will overcome it. "

Mainland visitors to Taiwan first fell, and the outbound travel market fluctuated.

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Introduction: In 2016, the number of mainland visitors to Taiwan Province dropped sharply for the first time, which became a turning point of the tourism industry in.
Source: 21st century business herald (jjbd21)
Reporter Amber reports from Shanghai.
Nearly 90% of China’s outbound destinations are located in Asia, and traditionally Northeast Asia, Hong Kong, Macao and Taiwan and Southeast Asia are the main destinations. Since the beginning of this year, South Korea, Taiwan, China, Hong Kong, China and other regions have experienced a decline, and regional structural substitution competition is more obvious.
"Hualien doesn’t have a Luke group now, only individual travelers like you in twos and threes." At the beginning of March, on the Suhua Highway to Hualien, 21st century business herald, Master Chen, a car rental driver, said, "There used to be a lot, but there have been fewer and fewer mainland tourists in the past year."
Compared with the cultural and historical landscapes in Taipei, Taichung and Tainan, Hualien is dominated by natural scenery, and Taroko Pavilion and Qingshui Cliff are the most popular tourist attractions in eastern Taiwan Province.
Taiwan Province is one of the first developed and matured regions among mainland outbound destinations. Since Taiwan Province opened up mainland tourists to visit Taiwan in 2008, mainland tourists have flooded into Taiwan Province, and the number of visitors to Taiwan has increased year by year, with an annual growth rate of 30% to 40%. By 2015, it reached 4.184 million, accounting for 40% of the total number of inbound tourists in Taiwan in 2015, making it the most important tourist source of Taiwan Province.
(Click on the picture to view a larger image)
Taiwan Province’s tourism foreign exchange income in 2015 was NT$ 458.9 billion. If only 40% of the total income is calculated roughly, mainland tourists contributed about NT$ 183.5 billion.
However, in 2016, the number of mainland visitors to Taiwan Province dropped sharply for the first time, which became a turning point of the tourism industry in Taiwan. According to the data of "Taiwan Tourism Bureau", from January to December 2016, the total number of visitors to Taiwan was 10.6903 million, an increase of 2.40% compared with the same period in 2015; Among them, the mainland went to Taiwan for 3,511,700 person-times, a year-on-year decrease of 16.07%; In contrast, Japan’s 1,895,700 passengers (up 16.50%), South Korea’s 884,400 passengers (up 34.25%) and Malaysia’s 474,400 passengers (up 9.95%) all increased.
This trend continued at the beginning of 2017. In January, among the major tourist markets in Taiwan, there were 110,000 visitors from South Korea, up 30.87%, and 250,000 visitors from the mainland, down 30.22%.
This data is also intuitively reflected in the actual situation. "Before, there were mainland tourists on the beach, and now all the people who come to buy scallion cakes are Koreans." An uncle who sells bomb scallion cakes in Qixingtan, Hualien all the year round told the 21st century business herald reporter that "the sales of scallion cakes have dropped a lot."
In addition to the decrease in the number of people, another trend of traveling to Taiwan is the decrease in group tourists and the increase in the number of free travellers. Even in Taipei, Taichung, Tainan, Kaohsiung and Kenting, where there are many mainland tourists, "there are fewer and fewer mainland group visitors in recent years, and more people come to play by themselves." Master Cheng, who provides car rental services for free travellers in Kenting, told reporters, "There used to be more free travellers, but now there are tourists of all ages."
"Small Fresh" Tourism Economy Downward
It is not new that outbound travel has become a travel choice for more and more Chinese. According to the data released by the National Tourism Administration’s "2017 National Tourism Work Conference", the total tourism revenue in 2016 is expected to reach 4.69 trillion yuan, a year-on-year increase of 13.6%, and the comprehensive contribution of tourism to the national economy will reach 11%.
Among them, the number of inbound tourists was 138 million, a year-on-year increase of 3.8%; The number of outbound tourists reached 122 million, a year-on-year increase of 4.3%; The total number of inbound and outbound tourists exceeded the 250 million mark for the first time. The trade surplus of tourism services was $10.2 billion, an increase of 11.5% over the previous year. Ranked, China continues to maintain the world’s largest source country for outbound tourism and the fourth largest host country for inbound tourism.
As the first outbound destination market developed together with Japan, South Korea, Hong Kong, Macao and Southeast Asia, Taiwan Province has strong language and cultural advantages, and Taiwan Province’s unique culture such as "Little Fresh" and "Little Lucky" has attracted a large number of tourists. Under the release of the bonus of Chinese people’s consumption upgrade, it has become one of the earliest areas to benefit, and it also depends greatly on the changes in the number of people entering the country, with obvious fluctuations.
"Because mainland tourists have a lot of feelings and longings for Taiwan Province, the tourism industry in Taiwan Province has grown rapidly in the past few years, and the reception capacity and accommodation supply of scenic spots have been greatly improved." Wei Changren, the founder of PowerNet, said in an interview with 21st century business herald, "The sudden drop in the number of people has led to an oversupply of resources. For later investors, the cost may not even be recovered, which has a great impact on the whole industry."
In 2016, when the number of mainland tourists visiting Taiwan decreased greatly, and it was difficult for tourists from other regions to fill the vacancy, Taiwan Province’s tourism industry inevitably tended to decline.
Zhang Qi, vice president of poor travel network, said in an interview with 21st century business herald, "According to the data of poor travel monitoring, 7-10 days’ round-the-island or semi-round-the-island play is the mainstream play, accounting for more than 50%. The play time in Taipei on popular routes is reduced compared with the previous two years. Tourists began to look for and experience deep tours. In addition to the routine inquiry line and the procedures for entering Taiwan, the most questions and concerns are security and policy issues. "
Regarding the reasons for the sharp drop in mainland tourists, Zhang Qi believes that in addition to the impact of exchange rate fluctuations and various emergencies in 2016, the outbound travel market as a whole declined, and the growth rate was not as good as that in 2015.
"Taiwan Province also needs to further improve and improve its tourism safety." A Taiwan Province tourism practitioner told the 21st century business herald reporter, "When there are a large number of mainland tourists, some people may only think about making more money, but they don’t pay attention to the experience of tourists and don’t reflect on their own service problems."
In addition to the reasons of Taiwan Province market itself, "there are more and more destinations that can be selected and hot spots for mainland outbound. Among the long-distance destinations, in addition to the traditional North America and Europe, the rise of emerging destinations such as Africa, South America and Australia and New Zealand has also reduced the choice of Taiwan Province tours, and tourists are alternative. " Yang Yanfeng, an associate researcher at china tourism academy, told the 21st century business herald reporter, "But Taiwan Province Tour has its own unique charm. The situation of short-term decline may have a long-term return in the future."
Yang Yanfeng believes that compared with Hong Kong and Macao, Taiwan Province has no language barriers; Second, the price is relatively cheap, the cultural background and shopping environment are relatively good, and it is a long-term high-quality tourist destination.
Taiwan Province, on the other hand, focuses on adopting a diversified approach to hedge these influences. Develop diversified markets, adopt strategies such as focusing on Japan and South Korea, deepening Europe and America, advancing southward, and defending the mainland, deepen Taiwan’s tourism brand image, create a friendly reception environment, and attract theme tourists such as MICE and cruise ships by simplifying visas to Taiwan, promoting featured products, and innovating diversified marketing, so as to guide the industrial transformation: adjust the industrial structure and guide the transformation of Luke Group receptionists, so as to enhance the ability to receive emerging markets. Excellent service quality, guiding product branding and e-commerce; Guide the award; Strengthen personnel training, strengthen foreign language (Korean, Thai, Vietnamese, Indonesian) training for tour guides, etc.
Cycle change of outbound travel market
"China’s outbound destination pattern is relatively clear, with nearly 90% of the market distributed in Asia. Traditionally, it is dominated by Northeast Asia, Hong Kong, Macao and Taiwan and Southeast Asia. " Yang Yanfeng believes that since the beginning of this year, South Korea, Taiwan, China and Hong Kong, China have been significantly affected, and there has been a decline. "The regional structural substitution competition is more obvious. With the relaxation of visa restrictions in Japan, the Japanese market will gradually catch on. There is a certain substitution and alternation between them. "
On the whole, before the number of tourists declined last year, like Japan and South Korea, Taiwan Province was one of the most popular destinations for outbound travel in previous years. In particular, Japan has surpassed Southeast Asia represented by Thailand to become the hottest destination for Chinese people to travel. Due to the price advantage, shopping tours account for a high proportion in the Japanese and Korean markets, and sightseeing tours are mainly urban tours. Southeast Asia has a unique environmental advantage, with leisure and vacation as its main tourism purpose.
"However, during the trip to Japan, some tourists who can’t be ignored are shopping. The exchange rate changes in 2016 directly affected the willingness of these people to travel, and the growth rate slowed down significantly." Zhang Qi believes that Japan will continue to maintain the number one position in 2017, but considering that the exchange rate of RMB against Japanese yen may maintain the status quo, "the growth rate of tourists to Japan will remain at a low level. At the same time, there is also good news. Japan seems to realize the great energy that China tourists have brought to the Japanese economy. Recently, it relaxed its visa policy to China and further developed the China market. "
Each of these traditional outbound travel markets has its own characteristics, which has become its first basic advantage in accumulating tourists.
"So there will be different emphases in the development of tourism products. For example, Taiwan Province pays more attention to exploring local experience products, and accommodation is more focused on characteristic homestays, which can give you a deeper understanding of local culture. " Zhang Qi said, "Japan and South Korea tour pays more attention to providing hotels with convenient transportation and shopping, and at the same time providing diversified transportation products for users to choose from. Southeast Asia should give full play to its environmental advantages, and hotels with excellent coastal and environmental services are the primary considerations for our selection. "
Because of the different characteristics of these regions, the tourism market is affected by different factors.
Yang Yanfeng believes that in the Northeast Asian market, South Korea turned to Japan; The decline in Hong Kong and Taiwan is beneficial to domestic tourism and Zhuhai-Macao linkage; Southeast Asia has been sought after by Chinese people all the year round, while the Philippines, Myanmar, Thailand and other places have benefited from the "One Belt, One Road" initiative. "Especially in Thailand, free travel has grown very fast, and it is one of the countries that have benefited the most in the process of structural changes and adjustments in the region."
"But the commercial development in Southeast Asia is mature, which means that the market tends to be saturated and the growth rate slows down. Judging from the poor travel data, tourists have a tendency to shift to East Asia and the United States in the past two years. " Zhang qi added.
With the upgrading of tourism consumption, Chinese people spend more and more on outbound travel.
According to the "2016 China Outbound Tourists Big Data" jointly released by Ctrip and china tourism academy, in 2016, the number of outbound tourists in China reached 122 million, and the tourism expenditure was as high as 109.8 billion US dollars (about 760 billion yuan), with a per capita expenditure of 900 US dollars. The number of outbound tourists only accounts for 3% of the total number of tourists, but the consumption of outbound tourists accounts for 16% of the national tourism expenditure.
According to the report, Chinese mainland tourists tend to choose more convenient, safer, more stable, more warm and friendly destinations with better natural and living environment. The purpose of leaving the country has also shifted from sightseeing to enjoying overseas high-quality living environment and services, including climate, air, prices and housing prices, commodities, medical care and education.
According to Ctrip’s outbound travel order data, the top ten destinations for China tourists spending the most in 2016 are: Thailand, Japan, South Korea, the United States, Maldives, Indonesia, Singapore, Australia, Italy and Malaysia; The top ten cities in total tourist spending are Seoul, Bangkok, Tokyo, Osaka, Singapore, Chiang Mai, London, Moscow, new york, Rome and Sydney.
The top ten tourist routes with the highest per capita expenses are Argentina, Chile, Madagascar, Ethiopia, French Polynesia, Tahiti, Mexico, Brazil, Kenya and Reunion (French). Take the South American route as an example. Last year, the per capita consumption exceeded 50,000 yuan, and the number of tourists increased by 200%.
Obviously, China’s outbound tourists are no longer limited to short-distance destination choices.
New opportunities for outbound travel
In 2012, the average annual disposable income of households in China exceeded $10,000, and the upgrading of consumption pattern is considered as one of the new driving forces for economic growth.
According to the data of the report "Consumption Upgrade, Who Is the Winner" released by Nomura Securities, from 2005 to 2012, the number of households with disposable income exceeding 10,000 dollars in China increased from 20 million to 243 million, accounting for 4% to 53%. The accumulation of family wealth has brought about a rapid increase in disposable expenses.
Compared with the past, which was mainly used for the purchase of physical products, consumers’ budgets are gradually tilting towards services. The strong growth of outbound travel in 2014, 2015 and the first half of 2016 is far higher than the retail growth quota, which can be said to be a strong evidence.
The outbound travel forecast given in the above Nomura Securities report: China’s outbound travel will continue to grow by 8% every year from 2016 to 2020; In 2017, we are optimistic about the markets of Asia, Japan, Hong Kong and Macao.
In addition to the macro market rise, for consumers, the substantial increase in the gold content of China passports in 2016 is also one of the factors promoting travel. As of January, 2017, the destination of outbound tourism has expanded to 151 countries and regions, and 61 countries and regions with China ordinary passports can be conditionally exempted from visas or landing visa can visit. Following the United States, Canada, Singapore, South Korea, Japan and Israel, Australia officially joined the "ten-year visa" team to China.
According to previous experience, preferential visa policies can easily make some destinations become dark horses for outbound travel.
According to the above Ctrip report, the top ten popular destinations with the fastest growth in tourist volume in 2016 are: Vietnam, Philippines, India, United Arab Emirates, Sri Lanka, Japan, Singapore, Thailand, Britain and Canada. Thanks to the more favorable visa policy for China tourists, the highest growth rate of tourists is over 100%.
With the increasing convenience of outbound travel, free travel has become the choice of more and more people, which has also become the development direction of traditional and emerging tourism enterprises.
"The typical characteristics of individual travel, niche and consumption upgrading are obvious in outbound travel, and free travel is a very important trend." Yang Yanfeng believes that compared with group tours and low-priced tours in Southeast Asia in the 1990s, high-end tours and experience tours are gradually developing. "Countries that travel short distances may become a’ back garden-style’ tourism concept, such as Southeast Asia, which is related to the start of rectifying zero tour fees and attracting high-end and free travellers."
"The general trend of free travel abroad is less in Japan, South Korea, Thailand, North America, Australia and Europe, and the flow of people in the surrounding areas is greater." An Jing, CEO of Ctrip’s overseas car, said in an interview with 21st century business herald: "Overseas markets follow the flow of people, and the return on investment in developing their own markets is very low. The general considerations are the GDP and per capita income of the destination market. Look at the changes in the flow of people from the capacity of airlines to increase or decrease the amount of ground response teams."
The poor travel network, which started with UGC (user-generated content) content, also gradually extended its business line to offline to cope with the trend of free travel. In August 2015, Q-Home, the first overseas offline tourism community for poor travel, was established in Chiang Mai, and opened in Kyoto in August 2016. "In 2011, we judged that self-help outbound travel was an irreversible trend, although 80% of Chinese’s outbound travel was with the group." Cai Jinghui, president and co-founder of Poor Travel Network, said, "The information value of self-help travel process is huge. If this trend is established, the consumer needs and services of travelers are very diverse and personalized."
According to the Survey Report on Tourists’ Willingness in China in 2017 released by Ctrip, traveling has become the first choice for consumption, and 98% of the respondents have the willingness to travel this year. 73% of the respondents will spend more than 10,000 yuan per capita on tourism this year, and 10% of the respondents will spend more than 50,000 yuan. 58.6% of travelers want to travel by free travel.
The destinations with the highest willingness to travel are Japan, Thailand, the United States, Australia, Taiwan, China, Singapore, New Zealand, Britain and France. Among them, the interest in outbound long-distance travel has increased significantly, Oceania has become a new favorite, and interest in Europe has also increased significantly.
(Editor: Zhang Weixian, if you have any suggestions, please contact: zhangwx@21jingji.com)
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Reporting/feedback

It is still too early to remove the quotation marks of "Su Chao"

□ Chen Dezhi (Hunan University of Technology)
Recently, some media published a quotation mark entitled "Su Chao". Can we not add it? The article, once published, quickly triggered a heated discussion. According to the article, "Su Chao" has become a household name. Its influence is so great and its popularity is so high that even after removing the quotation marks, everyone knows what it means.
However, can the quotation mark of "Su Chao" be saved? " The controversy is mainly divided into two factions: one faction believes that it cannot be saved. Because "Su Chao" is not the abbreviation of "Jiangsu City Football League", but a nickname or a joke given by netizens. As a "nickname" and a proper noun, it is still necessary to add "quotation marks" and not remove them, otherwise it will cause confusion.
The other school thinks that it can be saved. Language is created by the masses, develops and changes, and is often established. The birth of a new word often has three stages: defamiliarization, cognition and solidification. When the word "Su Chao" first appeared, it should be put in quotation marks, because it is a proper noun and a temporary combination. Adding quotation marks has the functions of highlighting and attracting attention. However, when the word is known by the people of the whole country, it has become a conventional word, and the quotation marks can naturally be removed. Because after the quotation marks are removed, the expression of meaning will not be affected, and there will be no misunderstanding and confusion.
In fact, language, like everything in the world, is always in dynamic change. Some proper nouns or innovative words need quotation marks when they are used at first, but when they are used more often, the quotation marks can be removed by convention. This transition from "emphasizing logo" to "normal use" can be clearly followed in the evolution of new words such as "blind box" and "out of the circle".
However, whether the quotation marks of "Su Chao" can be removed may actually involve a problem similar to the "preemption principle" in trademark law. That is the Su Chao recognized by the current world football, which actually refers to the Scottish Football Super League. Founded in 1888, as a second-rate league in Europe, its competitive strength should not be underestimated. There are 12 participating teams in the league, among which Celtic and Glasgow Rangers have won European champions, and the champions of each season even have the opportunity to play in the Champions League next season. Therefore, the Scottish Football Super League has a deeper accumulation than Jiangsu City Football League in terms of its founding history, competitive level, popularity and influence, and can afford the name "Su Chao". In a word, if "Su Chao" is confined to domestic communication, it is ok to remove the quotation marks, but from the perspective of international communication, it is necessary to add such a quotation mark.
Looking at it from another angle, the dispute over the quotation marks of "Su Chao" actually reflects the demand for branding and standardization of sports events. Instead of obsessing about punctuation, it is better to focus on the improvement of the event itself. Although "Su Chao" is well received at present, a few months later, many problems have been exposed. For example, there are still shortcomings in team management, event organization and industrial value transformation. The success of "Su Chao" is a great practice of the concept of "a sports power" in the new era. Perhaps we should calm down, sum up and reflect well, and avoid being led by the nose by public opinion.
There is no need to entangle the names of mass sports events. Only by making the events better and making the people truly satisfied is the "king". Just as the "village supermarket" which is popular all over the country, it is not eager to pursue the "rectification" of the name form, but to win the reputation of the masses with solid event content, which is the core essence of the development of sports events.
This article is an original article on red pepper criticism, which is only the author’s personal opinion and does not represent the position of Red Net. Please attach the original source link and this statement to reprint.
Reporting/feedback

[Market Analysis] Palm Oil, Stock Index and Gold Variety Daily

  Palm oil: As of the close of November 13th, the main contract of palm oil 2501 futures closed at 9782 yuan/ton, down 456 yuan/ton from the previous trading day, or 4.45%; The turnover increased to 1,615,800 lots, holding 486,800 lots.

  Stock index: the domestic economic recovery is accelerated, the risk of deflation is eased, and the infrastructure is improved, but the real estate remains to be seen.

  Gold: The US dollar index remained strong and gold continued to be under pressure.

  palm oil

  Date of Report | November 14th, 2024

  I. Review of Futures and Spot Markets

  As of the close of November 13th, the main contract of palm oil 2501 futures closed at 9782 yuan/ton, down 456 yuan/ton from the previous trading day, or 4.45%. The turnover increased to 1,615,800 lots, holding 486,800 lots.

  In terms of positions, the total monthly contract positions of the top 20 futures companies were 426,000 long positions, 399,600 short positions and 26,400 net positions, a decrease of 0.75 million from the previous day.

  Daily k-line trend of palm oil 2501 contract

  Image source: Master Boyi

  In terms of spot, as of November 13th, Guangzhou 24-degree edible refined palm oil was quoted at 9930 yuan per ton, Zhangjiagang at 9990 yuan per ton, Tianjin at 10070 yuan per ton, Rizhao at 10070 yuan per ton, Ningbo at 9990 yuan per ton and Fujian at 9930 yuan per ton. Spot average price and futures P2501 basis difference +146 yuan/ton.

  Source: (), Guojin Futures Tiantian Research Institute.

  Trend of palm oil basis and basis rate

  Image source: Guojin Futures Wisdom Bao

  II. Summary of Important News and Data

  According to the warehouse receipt data of Dashang Institute on November 13th, 640 lots were recorded in Guangzhou Yihai and 300 lots to 534 lots were added in Tianjin Kerry. Jianghai grain and oil added 145 lots to 145 lots. A total of 445 lots were added to 1319 lots.

  Palm oil warehouse receipt

  Image source: Guojin Futures Wisdom Bao

  On November 13th, the futures price difference between palm oil and soybean oil was 1,490 yuan/ton (9,782 yuan per ton for palm oil and 8,292 yuan per ton for soybean oil), reaching 1,666 yuan/ton in intraday trading.

  According to the statistical data in recent 10 years, the latest average price difference of palm oil and soybean oil is 857.65 yuan per ton.

  Soybean oil-palm oil main contract spread

  Image source: Straight Flush Futures Link

  On November 13th, the cost of imported palm oil was 10,584.12 yuan per ton, down 421.73 yuan from the previous day. The profit of imported palm oil was 624.12 yuan per ton, which was 18.27 yuan lower than that of the previous day.

  According to the data of SEA on November 13th, India imported 845,700 tons of palm oil in October, an increase of 60% compared with September, which was mainly due to the holiday stocking demand and traders’ replenishment.

  Report Date | November 13th, 2024

  Author | Wu Yinqiu

  Consulting CertificateNo. | Z0018989

  First, the futures market analysis

  On Tuesday, the stock market showed obvious weakness, and the Shanghai Composite Index closed down 1.39%. At the same time, the main contracts in the futures market generally showed a downward trend.

  Judging from the transaction and positions, the futures contracts of the four main varieties have all-round growth in both transaction volume and positions.

  Second, the spot market analysis

  The performance of the industry is divided, and the 31 Shenwan first-class industries are mixed, and the differences are widening.

  Weighted industries such as banking, non-bank finance, food and beverage dragged down CSI 300 and SSE 50, while computers and national defense industries put pressure on CSI 500 and CSI 1000 respectively. Medical biology has a positive contribution to CSI 500 and CSI 1000.

  In terms of funds, the outflow of major index funds is obvious. The central bank put a net liquidity, and the cost of short-term capital fell.

  In October, the data of loans and social integration met expectations, the medium and long-term loans of residents improved, the increment of government financing declined but remained high, and M1 rose in a super-seasonal manner, indicating the policy effect. The domestic economic recovery has accelerated, the risk of deflation has eased, and the infrastructure has improved, but the real estate remains to be seen.

  Overseas, the Fed’s interest rate cut in December is expected to be high, US stocks hit a new high, geopolitical risks declined, and market risk appetite was stable.

  Third, comprehensive analysis

  Recently, the short-term boosting effect of policies on market expectations may be weakened. However, with the continuous improvement of economic data, the accelerated recovery of the domestic economy is still expected, and more positive data performance is expected in the future.

  The focus of market attention is shifting from expectations to actual results, and the fundamental support force is gradually increasing.

  At the same time, the impact of external market fluctuations and changes in risk appetite on the market tends to weaken, and it is no longer the main concern.

  In the long run, fundamental risks are expected to gradually ease, and corporate profit expectations, the pace of policy easing, the real estate market repair and the implementation of debt resolution measures will continue to be the key factors determining the market direction.

  SSE 50 Main Contract 2412

  Image source: Guojin futures market software

  CSI 500 Main Contract 2412

  Image source: Guojin futures market software

  CSI 1000 Main Contract 2412

  Image source: Guojin futures market software

  Shanghai and Shenzhen 300 Main Contract 2412

  Image source: Guojin futures market software

  gold

  Report Date | November 13th, 2024

  Author | Wang Jianchao

  Consulting CertificateNo. | Z0015736

  First, the disk situation

  (1113) The opening price of Shanghai Gold’s main contract in December was 604.1 yuan/gram, which fluctuated in intraday trading and finally closed at 604.46 yuan/gram, with the highest price of 607.16 yuan/gram and the lowest price of 602.54 yuan/gram. The US dollar index remained strong and gold continued to be under pressure.

  Second, the fundamentals

  After the dust settled in the US presidential election, the huge uncertainty of the election was eliminated, and gold began a wave of adjustment. In addition, the dollar continued to rise. Recently, the situation of both gold and the dollar rising was broken, and the trend of gold and the dollar parted ways.

  Today, Shanghai gold futures fluctuated within a narrow range, and the funds to do more gold outside the market are also eager to move. At present, the factor of seeing more gold is still there: the anchor of precious metals is not the real interest rate under the global quantitative easing system, but the monetary credit risk that the global quantitative easing system cannot continue to maintain, which is a concern about the proliferation of paper money issuance.

  The latest speech of Fed officials said that once the US inflation data falls short of expectations, the Fed’s interest rate cut may be suspended; On the other hand, if the company’s profit rate drops, the Fed will face the employment risk of the whole society.

  Tonight, the United States will release CPI data. Once the data is higher than expected, it may trigger the Federal Reserve to reconsider the need to cut interest rates in December. At present, the probability that the Fed will cut interest rates in December is already declining. Once the Fed stops cutting interest rates in December, gold will continue to be under pressure.

  Third, the futures day K line

  Weighted price trend of gold

Xingtu Lunar International Edition: A medium and large SUV that rolls out of the position, giving you more options

   In the mid- to large-scale SUV market, the Starway Lanyue International Edition offers consumers an exciting choice with its eye-catching appearance and excellent performance. Not only that, but it also brings endless possibilities to the home, seamlessly combining luxury with practicality.

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  The 6-seat and 7-seat seating layouts allow consumers to choose according to their needs and preferences. The 6-seat model features a 2-2-2 seating layout to create a more comfortable and independent ride for the family, allowing everyone to enjoy the fun of the journey. The 7-seat model features a 2-3-2 seating layout, and the extra seat provides more flexibility and expansion space to adapt to more travel needs. Whether you need more seats or more spacious ride space, the Xingtu Lanyue International Edition can meet your expectations.

  The birth of Xingtu Lanyue International Edition stems from the internationalization strategy of Xingtu brand and deep insight into the global market. According to different foreign laws and regulations and the aesthetic habits of different user groups, Xingtu Lanyue International Edition has been refurbished in appearance, interior and configuration. The front grille has been replaced with a horizontal version, and with the blackened headlights and eyebrows, the styling style is mature and stable. Added a pure black interior to create a deep and luxurious atmosphere. The cover of the wireless smart fast charging area of the double 50W mobile phone has also been changed to an imitation suede material for a more advanced texture.

  Three Lanyue International Edition models are launched simultaneously around the world, allowing domestic users to choose according to their preferences. If you don’t want to collide with other Lanyue models, or prefer a more composed interior, you can choose the Lanyue International Edition with cross-grille. If you need more seating space or a more flexible seat layout, you can choose a 6- or 7-seat model. The launch of the Starway Lanyue International Edition provides consumers with more choice space to meet consumers with different needs and preferences.

  As a medium and large SUV, the Starway Lanyue International Edition has excellent performance and rich configuration. Whether it is the exterior design, interior luxury or seat layout, it has been carefully designed and upgraded to meet the needs of consumers. Whether you are after comfort or flexibility, the Starway Lanyue International Edition can give you more choices, allowing you to find the most suitable model for you in terms of seat layout and seat number.