Painting running：： Autumn wind bursts, making running a healthy habit.

2024年3月2日 | admin | yrtyr

　　Autumn wind bursts, breeze Xu Lai, it is a good time to run. In this season, people are no longer bothered by the hot weather, and can enjoy the fun brought by running. To run healthily, you need to pay attention to the following points.

　　First of all, pay attention to keep warm. The weather is getting colder in autumn, especially in the morning and evening, and the temperature may be lower. Therefore, before going out for a run, you’d better wear more clothes to avoid catching a cold. At the same time, we should pay attention to protect the joints, especially the knee joint and ankle joint, so as to avoid injury.

　　Secondly, pay attention to diet. It is not advisable to overeat before running, and it is best to exercise 1-2 hours after meals. At the same time, pay attention to replenish enough water to avoid dehydration. Before and after exercise, you can properly eat some digestible foods such as bananas and bread to supplement energy.

　　Third, pay attention to the correct posture. Correct running posture can reduce the risk of injury and improve the running effect. When running, you should pay attention to keep your head up, your stomach in, your arms swinging naturally, and your feet touching the ground. At the same time, you should choose the right running route and speed according to your physical condition and exercise habits.

　　Finally, we should pay attention to moderation. The weather in autumn is pleasant, but it is not suitable for excessive exercise. We should arrange the amount and time of exercise reasonably according to our physical condition and exercise habits. If you feel unwell or tired, stop exercising and rest in time.

　　In short, to run healthily, we need to pay attention to keeping warm, eating, correct and moderate posture and so on. Only by fully understanding and paying attention to these aspects can we better enjoy the fun and benefits brought by running. Let’s run together in the autumn wind and welcome a healthier lifestyle!

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How many kilometers can I run every time to achieve the effect of exercise？

2024年2月28日 | admin | jghj

A running friend asked Lao Wang: middle-aged women, running is not to lose weight, just want to exercise.Running a few kilometers every day can achieve the effect of exercise.?

When a person is still in the novice period of running, he wants to give up at any time. When I entered the love period with running, I can already feel the fun of running, and my ability has been greatly improved. I want to run every day, and distance is a belief.

After running for a long time, I have reached the rational period, and I have a better understanding of the importance of healthy running, instead of blindly pursuing the amount of running, and I have a clear understanding and goal of my running plan.

Therefore, runners who can ask this question are generally mature runners.

However, there is no uniform standard answer to how much distance to run to achieve the effect of exercise.

Just like a pony crossing a river, the squirrel thinks the river is too deep, but the cow thinks the water is too shallow. Only by practicing can we find out the answer.

Some people run 10 kilometers every day to stay awake, but if you feel tired after running 10 kilometers every day, you need to make a change, because it is not suitable for you.

Let’s just say yesvary from person to person.

If you want to lose weight, you need to run more. Generally speaking, running for 10 kilometers or an hour at a time will have a better weight loss effect.

If you want to run a marathon, you need to run more: more than 10 kilometers each time, and pull a long distance of more than 20-30 kilometers every week.

For people who want to stay healthy, running 5-6 kilometers at a time is enough for about half an hour, which is more suitable for most people.

1. Moderate distance:Running about 5 kilometers is suitable for most people. According to personal physique and physical condition, it can be adjusted up and down appropriately to achieve the purpose of exercise without excessive fatigue. After exercise, it does not affect normal work and study. After a long time, most people can stick to it.

2, the time is moderate:Running for about 5 kilometers takes about 30-40 minutes, plus warm-up, stretching and relaxation, and the total time is basically about 1 hour. If you have the habit of getting up early to exercise, time should not be too tight.

3, moderate strength:Although running is a good way to exercise, it does not mean that the more you run, the better. From the point of view of health, running is not a competition or competition. What is important is to achieve the purpose of exercise, sweat and feel relaxed and comfortable.

When running, you should control your heart rate and keep it between 60% and 80% of the maximum heart rate, which is the best effect. If you run too slowly, you can’t achieve the exercise effect. If you run too fast, you will get tired easily and the time will be too short. Generally speaking, it is advisable to speak at a speed while running, so that the body feels relaxed and comfortable and will not feel tired.

In addition, we should pay attention to keep enough sleep and rest, exercise 4-5 times a week and rest for 2-3 days.

To achieve the effect of physical exercise, the key is to keep running instead of just paying attention to the distance of running.Perseverance and perseverance are important qualities needed for running and exercising.

Running is a long-term continuous exercise activity, and occasional running can’t effectively improve your health. The real effect comes from persistent running.

When we insist on running, our bodies will gradually adapt to this sport and get more benefits. Gradually increasing the running time and intensity can gradually improve our physical fitness level. Although we may feel difficult and tired at first, through perseverance, our bodies will gradually adapt and become stronger.

It is also important to keep a positive attitude. Running is not always easy and enjoyable, and sometimes there will be setbacks and difficulties. However, it is in overcoming these difficulties and challenges that our perseverance and determination are tempered and strengthened.

To achieve the effect of exercising,Perseverance is the key. No matter how many kilometers we run or how much time we spend, as long as we persevere, we will certainly be able to get good health and good sports results.

How far will you ask yourself to run each time? Welcome to share your message.

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Cai Biru went to work in Taichung City Government on the first day. Netizen praises more like Ke Wenzhe before.

2024年2月25日 | admin | jghj

According to China Times News, Cai Biru, a former member of the People’s Party of Taiwan Province, confirmed on the 8th that she will serve as the 12th-level appointed consultant of Taichung Municipal Government, and has received an order from Taichung Municipal Government. Today (15th) is her first working day. Cai Biru also expressed her feelings on Facebook earlier, and at the same time, she was exposed as "taking a bus" to work.

Ke Wenzhe, chairman of the People’s Party, used to commute by bus during his tenure as mayor of Taipei, and he was quite proud of it. Cai Biru, as Ke’s confidant in the past, helped him all the way from the National Taiwan University Hospital. Although the outside world recently questioned the bad blood in his life, Cai Biru chose to "take the bus" to work in Zhongshi City on his first working day, which made people feel very interesting.

Cai Biru said on Facebook that he was happy to start work. "It’s the first day of work, so since we are all on Taiwan Province Avenue, let’s go by bus!"! A brand-new start, Taichung is sunny and comfortable in the morning, and we all have to start work full of energy! " At the same time, she also posted many photos of taking selfies on the bus.

When netizens saw Cai Bi’s simple performance, they left messages one after another: "A new year, a new atmosphere, a beautiful and broad road, waiting for you to leave!" "Being away from Ke Wenzhe is your greatest blessing!" "Simple and unpretentious", "More like northern Do not forget your initiative mind" and "Welcome to Cuotai as a neighbor"

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Not only snooker, but also any sport can’t touch the red line of ＂gambling and fake＂ ｜ New body talk

2024年2月19日 | admin | jghj
As Zhao Xintong said in his apology statement, it is more important to be a man than to play well.
▲ Liang Wenbo (left) and Li Hsing were banned for life by the World Federation of Taiwan. Data Map/Xinhua News Agency
Text | Xu Bangyin
On June 7th, the World Federation of Taiwan issued a heavy ticket and overturned the table of China snooker.
In this ticket for 10 China snooker players accused of match-fixing, Liang Wenbo and Li Hsing were banned for life, and 8 people including Zhao Xintong and Yan Bingtao were banned for 1 year and 8 months to 5 years and 4 months.
Shortly after the ticket was announced, the China Billiards Association issued a document saying that it has always adhered to a "zero tolerance" attitude towards gambling, match-fixing and other behaviors that violate sports ethics, resolutely cracked down on such behaviors, and made every effort to create a fair and just competition environment.
Trousers, shirts, vests, bow ties, and the unique clothes of snooker players have labeled this sport as a "gentleman". However, with the proliferation of match-fixing and gambling, this sport has gradually become stale.
In response to these lesions, the World Federation of Taiwan has always pursued "heavy hand, heavy medicine." Higgins, one of the "Three Masters of 75", was banned for half a year for gambling. Stephen Lee, a famous "fat man", was banned for 12 years because of match-fixing. More than four years ago, China players Yu Delu and Cao Yupeng were suspended for 10 years, 9 months and 6 years respectively for match fixing.
Even so, in the face of temptation, Liang Wenbo and Li Hsing took risks, eventually ruining their career prospects, and blackening China snooker.
In fact, not only snooker, but also any sports are not allowed to touch the red line of "gambling and fake".
At that time, China football anti-gambling, and a number of "big shots" were arrested for match-fixing. Donaghy, the NBA black whistle, was greedy, rigged the game and was jailed. Last season, in the CBA playoffs, the Shanghai men’s basketball team and Jiangsu men’s basketball team played passively. Not only were they disqualified, but the head coach and general manager were also banned for many years. In the e-sports project DOTA2, 46 people were fined because the players interfered with fair competition, and 21 of them were banned for life.
The lessons brought by these cases at home and abroad are profound enough. The heavy fines of the World Taiwan Federation and the "zero tolerance" statement of the Chinese billiards association are all warnings. In order to truly put an end to gambling and match-fixing, in addition to strict management and punishment by all parties, athletes must start from themselves, deeply realize that "one gambling mistake is lifelong", and at the same time, they must always say "no" to external inducement or even threat.
As Zhao Xintong said in his apology statement, it is more important to be a man than to play well.
In the past few years, with the efforts of all parties, China snooker has made great progress, and both the competitive level of players and the market development have been recognized. In terms of players, in addition to Ding Junhui continuing to hold high the flag, teenager Si Jiahui also showed his potential. On the market side, the China Stadium will resume hosting events one after another, with the Shanghai Masters in September, the Wuhan Open in October and the International Championship in November being staged gradually, and it is just around the corner to regain the glory of the past.
Because of this, the hard-won situation should be cherished. Not only athletes need to abide by their professionalism and adhere to fairness and justice, but the whole industry should also wake up the alarm and carry out anti-gambling and counterfeiting to the end. Only in this way can China snooker recover from the blow of 10 people’s suspension and regain public recognition.
Written by/Xu Bangyin (Beijing News Sports Commentator)
Editor/Wang Chunqiu
Proofreading/Wu Xingfa
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National Aquatics Center launches ＂Longyao Water Cube＂ Spring Festival series activities.

2024年2月19日 | admin | gfdf

　　On January 31st, the reporter learned from the National Aquatics Center ("Water Cube") that in order to enrich the contents of tourist visits and create a festive atmosphere for the Spring Festival in the Year of the Dragon, the Water Cube has launched a series of activities of "Longyao Water Cube", a huge landscape, light sculpture and flying dragon performance derived from the mascot "Auspicious Dragon" of the Happy Spring Festival in 2024 by the Ministry of Culture and Tourism, an exhibition of "Longyao Water Cube Happy in the Year of the Dragon" and a non-legacy dragon dance.

　　As one of the features of the series of activities, the exhibition "Longyao Water Cube Celebrates the Year of the Dragon" was jointly organized by the Water Cube and the Joy Museum, and was opened to the public in the Water Cube Competition Hall from January 26th to March 15th.

　　The dragon is the core element of the exhibition, which includes seven categories: the world’s earliest animation "Shadow Dragon", the idol of home town house "Woodcarving Dragon", the messenger of understanding "Printmaking Dragon", the oldest drama in the world "Nuo Face Dragon", the multi-aesthetic drawing "colorful painting dragon", the extremely popular craft "embroidery dragon" and the New Year picture "Everything is prosperous".

　　At the same time, well-known design teams are invited to take "Dragon is Spirit" as the curatorial concept, and use dynamic light and shadow, phantom imaging, artistic installation, creative sculpture, restoration of ancient buildings and other display means to present the visual landscape of "dragon surging water" and "flying dragon in the sky", and activate the vitality of cultural heritage with modern technology. (Reporter Chen Hang made Yue Ziyan)

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When the epidemic clears, we will enjoy the beautiful scenery of Yangzhou.

2024年2月18日 | admin | ertr

　　Beginning of autumn has passed, and the beautiful scenery of Yangzhou in early autumn is about to go online. Even if you can’t enjoy it, you will inevitably yearn for the upcoming autumn scenery.

　　It doesn’t matter. Today, I’ll take you for a sneak peek, enjoy a piece of autumn scenery in Yangzhou, and wait together to meet this beautiful scenery again.

　　cloud

　　Clouds are a masterpiece of nature,It’s erratic,Amazing and unpredictable.

Liu Jiangrui

　　Every season,Clouds all show different shapes, andThe clouds in early autumn are the most plump.

take a photograph　Liu jiangrui

　　Clouds in early autumn in Yangzhou,A large group, a large group,As white as cotton,Being fluffy and warm by the sun.

take a photograph　Zhang zhuojun　

　　Clouds in early autumn in Yangzhou,Not as shallow as the clouds in spring,Not as impatient as the clouds in summer.

Photography Liu Jiangrui

　　Clouds in early autumn in Yangzhou,It’s not children doodling,It is a carefully selected art exhibition.

　　water

　take a photograph　Liu jiangrui　

　　The lake reflected the blue sky,Green trees and red flowers on both sides,At first glance, the water waves are rippling,Autumn is boundless,It’s like walking into a continuousInk painting scroll.

take a photograph　Liu jiangrui

　　Lakes in Yangzhou in early autumnIt looks clearer and quieter,The lake is clear,The reflection is continuous, and the birds are beautiful.

　　Photography Cheng Xi

　　Fishing boats dot,Xiaguang all over the skyRender the lake like a dream,timeIt’s alternating between yellow and blue.

Photography Xia Jianhua

　　This kind of artistic conception is onlyWang Bode"Sunset and lonely Qi Fei, autumn waters grow together."Can be described.

　　sun

　　The autumn sunshine is warm and quiet,Without the wildness of summer,Warm autumn sun, blow gently,Autumn sun is just right,Time is not old.

Photography Zhang Baogui

　　The sunshine in autumn is dull,Take a landscape at will,Let the quiet pastoral sceneryIt has a very beautiful printmaking effect.

Photography Sun Zuliang

　　Just feel the faint color of the sun,Dye the charm of autumn on the earth,Sketched a vivid scenery,It’s refreshing,Infinite reverie.

Photography Sun Zuliang

Photography Zhang zhuojun

　　The beauty of autumn sunshine,Never repeat monotonously,Thanks to the sunshine in autumn,Because of it,The world is so beautiful..

　　A brief parting,For a better reunion,After the epidemic,We welcome you to Yangzhou again.Savor the stunning scenery here.

　　(Reprinted from Yangzhou Wenlv)

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A city with a hundred flavors ｜ See Chongqing at the New Year’s Eve party. VIPs should ＂sit first＂

2024年2月3日 | admin | jghj
This article is transferred from: Yang Guangwang
Chongqing, January 27 th, the news of the Golden Bull puts its tail, and the tiger is blessed with wind. The New Year’s Eve is approaching, and the taste of the year is coming to the nose. As the capital of food, Chongqing is best suited to the rich group annual banquet. The dishes are fragrant, and the taste buds dance gracefully between the teeth and on the tip of the tongue. This is the first time for aesthetic food. Chongqing Channel of Yangguang. com will publish value food information from time to time in the column of "One City with Hundreds of Flavors" to explore Chongqing’s food highland and share the delicious food with the "delicious dogs". In this issue, I followed the footsteps of Chongqing Channel Food Xiaobian of Yangguang. com and entered the "First Sitting Mansion".
Creative Chinese-style door head (photo courtesy of Yang Guangwang’s first sitting in the mansion)
Xian ting Cang mo ke teahouse Hou Jiayin
"I have no intention of staying or staying, watching the flowers bloom and fall before the court; Don’t be surprised by yourself, and follow the clouds in the sky. "Regardless of ancient and modern times, literati are always looking for a good place to put their bodies and souls. For educated and picky diners, the dining environment is the first element that bears the brunt.
The flute is melodious, the harp and the sound are harmonious (Photo courtesy of the first residence of Yangguang. com)
Just "sit first"! Shouzuo Mansion is located at the foot of Zhaomushan Forest Park, a natural oxygen bar. Under the infiltration of rich negative oxygen ions, it opens a pleasant afternoon tea mode and steals a half-day leisure. First, brew a pot of green bamboo leaves before the Ming Dynasty, or a cup of precious Tieguanyin, which is warm and sweet and beautiful. Either the old monk is calm, quiet and safe, or he is full of ideas and high spirits, splashing his pen and ink on the Chinese chapter.
The cultural performance of the first sitting mansion "changed face" (Photo courtesy of Yangguang. com)
Chinese-style courtyard, unique and exquisite, antique, exquisite kung fu tea performance is eye-catching, and the sound of folk music is fresh and pleasant, which can pick up elegance and interest everywhere.
The eaves are drooping and the tea is fragrant (photo courtesy of Yangguang. com)
As soft as breathing, the eaves lights turn green and moss. The moist and silent blue slate seems to be impregnated with tea fragrance. At every moment of moving forward or stopping, the fragrance spreads all over the body. The sunny patio seems to hide the mystery of time, and the calligraphy and painting furniture are brilliant and sharp-edged. Let the family "sit first" and have a drink with friends, so let the tea smell warm and moist for this long time and interpret the password of time.
Good mood begins with afternoon tea (photo courtesy of Yang Guangwang’s first sitting in the mansion)
Cups and plates are poems and paintings of paper and pen dishes.
"Good-looking bodies are the same, and interesting souls are one in a million." For food, to achieve the ultimate, color, flavor and shape are indispensable.
Recommended dishes: Sanchahu Qiaoke Wang (Photo courtesy of Yangguang. com)
The dishes in the first residence, from the utensils to the color, flavor and shape of the dishes, are all fine and unique.
Recommended dishes: roasted sea cucumber with tofu (photo courtesy of the first residence of Yangguang. com)
Color matching, shape adjustment, the position where the main course should be placed in the plate, the lovely small ornaments in the blank space, and amazing poems, every detail is just right, just like a perfect match made in heaven.
Recommended dishes: Skillful vegetable rolls (Photo courtesy of Shouzuo Mansion issued by Yangguang. com)
These key points are controlled by beauty of chongqing, who was the youngest flight attendant of Southwest Airlines, and Huang Can, the chairman of Caixiangyuan Catering Culture Company. Shouzuo Mansion is a high-end brand of its chain business, and its fine service management, innovative Chinese design and strong cultural genes all stem from her artistic temperament of liking art and music.
Antique private rooms (Photo courtesy of the first residence of Yangguang. com)
Shouzuo Mansion is a black pearl restaurant that has been appraised for many years, and is committed to spreading healthy food and traditional culture. In Shouzuo Mansion, there are countless signature dishes, such as "Longjing shrimp balls, braised roast chicken with turmeric, cherry foie gras, yak meat with milk wine, dried roast chicken in this period, dried roasted elegant fish, shredded roasted rabbit with agarwood, preserved okra with sesame sauce, pickled fish head with tortillas, swan crisp, and Tricholoma matsutake chicken bean curd …", which makes people unable to stop.
Recommended dishes: Tricholoma matsutake chicken tofu pudding (photo courtesy of the first residence of Yangguang. com)
Beautiful scenery, delicious food, fine wine, and a beautiful table of delicacies can’t help themselves in the taste of the year. In the interesting food, release the interesting soul, which is worth it! (Text/Wei Ge)
Recommended drink: custom-made red wine (photo courtesy of Yangguang. com)
[group annual banquet hotline]
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New consumption gives birth to ＂New Year’s goods＂. Young people March into the world of bracelets and wear new fashions ｜ The ＂taste of the year＂ in the bill

2024年2月1日 | admin | khj

Cover journalist Zhu Zhu

Crystal-clear strings of beads of various colors string together auspicious and beautiful wishes. In the past, most bracelets belonged to wenwan collection, which is the standard for middle-aged and elderly people to retire. Now, with young people starting to string together, bracelets have once again entered the public’s field of vision and become a new fashion item.

Cinnabar bracelets became popular during the Spring Festival

As the Spring Festival approaches, bracelets are transformed into new "new year’s goods", which are bought by many young people to send friends or elders, pinning the "good fortune" of the New Year. According to the reporter’s investigation, in addition to the eighteen seeds and thymelaeaceae bracelets that have been burned in recent two years, especially during the Chinese New Year, cinnabar bracelets are very popular. An e-commerce platform shows that the turnover of bracelets has increased by more than 2 times since 2024. Some merchants also said that the recent sales of cinnabar bracelets have doubled, and the buying trend of young people, especially after 00, is obvious.

Young people fall in love with metaphysics?

Some consumers spend 10,000 yuan to buy a string.

Last year, related topics such as queuing for hot strings in the Lama Temple and primary school students’ "addiction" to strings were listed on the hot search one after another, which aroused public concern and made the bracelet culture, a thousand-year-old traditional culture in China, become a new fashion again. Nowadays, young people who fall in love with bracelets have their own "spiritual metaphysics", which can also be said to be a way to pin their good wishes.

Star sharing bracelet

If we start from the history of bracelets, the story behind this goes back to ancient times. However, according to the process trend, it is understood that eighteen seeds with beautiful meaning and exquisiteness can be described as online celebrity bracelets, which are not only affordable but also freely matched, and are loved by young consumers and primary players of bracelets. Since 2024, the search volume of eighteen seeds bracelets on related e-commerce platforms has increased by as much as 80 times year-on-year. From the perspective of consumers, male users prefer walnut bracelets, thymelaeaceae bracelets and topaz bracelets; Female users prefer cinnabar bracelets, south red bracelets and amethyst bracelets.

Mao Mao, who was still in college, came across a crystal bracelet shared by others on the social platform and tried to buy one. "But after that, I couldn’t stop. In one year, I bought more than 20 bracelets, ranging from a dozen yuan cheaper to about 200 yuan more expensive."

Looking through social platforms, the reporter found that there are also many collectors who pay for their favorite expensive bracelets. After into the pit, there are not a few people who spend 10,000 yuan to buy bracelets, and consumers start Diy bracelets. "At first, I bought finished products. Later, with more and more bracelets, I began to buy various materials for DIY. Compared with finished products, DIY will be more cost-effective." Mao Mao said.

Cinnabar bracelets are popular in the New Year.

Merchant: Sales volume has doubled compared with usual.

On the stall near the middle of Mianyang Grand View Garden, Ms. Shang’s shop is hung with a dazzling array of bracelets. Young people who come and go pass by must stop and wait and see for a while. She has been selling bracelets here for 25 years, and she has chosen an exquisite new product to explain it skillfully to reporters.

Young people share the experience of buying bracelets on social platforms.

"Especially before major exams such as college entrance examination and postgraduate entrance examination, more customers will buy a string of bracelets with beautiful meanings. Although bracelets have exploded among young people in the past two years, physical stores have been hit by online stores. Our beading business is mainly maintained by old customers."

Ms. Shang makes new bracelets every year according to the most popular styles of the year. She told reporters that cinnabar bracelets became popular this year. In traditional culture, cinnabar is regarded as an auspicious thing, which means good luck and peace. As a gift during the Spring Festival, it can express blessing and care.

Relevant e-commerce platform data show that this year, the flow of core single products of cinnabar bracelets has increased by more than 1,600 times year-on-year, and the flow of core single products of cinnabar red rope has increased by more than 300 times. Mr. Liu, the person in charge of Amy, who has been engaged in the wenwan industry for more than ten years, told the reporter that in fact, cinnabar bracelets have been very popular in the epidemic in recent years. Before that, everyone brought red ropes for the New Year. In recent years, everyone brought cinnabar bracelets. Near the Spring Festival, the sales of cinnabar bracelets have doubled compared with usual.

"The price of cinnabar itself is not expensive, but the market is mixed. For example, most of the bracelets on the online 9.9 yuan are fakes. I suggest you buy them carefully." Mr. Liu told reporters that generally speaking, the price of ordinary cinnabar bracelets on the Internet is around 40 and 50 yuan. Better bracelets, including crystal sand, have higher collection value, ranging from several hundred to several thousand, but the price of physical stores may be higher.

Behind the craze for bracelets

Young people’s inheritance of national tide culture

China is a big cultural country with a long history. As a thousand-year-old traditional handicraft, bracelets have a broad consumption base in the domestic market. According to statistics, the scale of China’s wenwan e-commerce market is expanding rapidly, and the data growth is obvious. There are more than 4.6 million notes on bracelets on related social platforms.

"When the wenwan collection was very hot in previous years, the price of wenwan was very high, but now wenwan has become less expensive." Mr. Liu told reporters that bracelets, in particular, have different fashion trends every year, and their prices are changing according to market conditions. Because the prices of bracelets are different, there is no restriction on consumer groups and consumption ages. Now young people can afford them, and many people are willing to play bracelets.

In Mr. Liu’s view, young people are simply pinning their hopes on bracelets, and there is no need to study wenwan in depth. It is just that the dividend period of the bracelet industry is short and the competition among peers is great.

In the traditional sense, the dish string culture focuses on the state of mind. Young people buy bracelets not only for fun and decoration, but also for "spiritual sustenance" and "self-healing". Some wenwan collectors in the industry believe that the hand string can make them sink their hearts to think and feel to a certain extent, which is a way to explore inward. Of course, the post-90s and post-00s are the generation who like to break the circle. They are good at breaking the inherent cognition and like bracelet culture, which is also the embodiment of the cultural self-confidence of the new generation of young people. On the good side, this is the pursuit of spiritual culture and the love and inheritance of the culture of the country and the DPRK.

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Securities and futures commission starts! Real estate has been the focus of great benefits.

2024年2月1日 | admin | jghj

　　As one of the important channels of real estate financing, private equity funds have started to invest in real estate, and the scope of investment in real estate is wider than in the past.

　　On February 20th, the CSRC issued a notice saying that in order to further give play to the advantages of diversified asset allocation and professional investment operation of private equity funds, meet the reasonable financing needs in the real estate sector, and promote the real estate market to revitalize the stock, the CSRC launched the pilot work of private equity investment funds in real estate.

　　According to the requirements, the investment scope of real estate private equity investment fund includes specific residential buildings (including stock commercial housing, affordable housing, market-oriented rental housing), business premises, infrastructure projects and so on.

　　The CSRC also indicated that foreign investors are encouraged to invest in real estate private equity investment funds in the form of QFLP (Qualified Foreign Limited Partner).

　　Later that day, under the guidance of the CSRC, asset management association of china drafted the Guidelines for the Pilot Filing of Real Estate Private Investment Funds (Trial) and officially released it, which further clarified the scope of real estate investment and the pilot requirements for managers.

　　Zhang Ping, executive director of IFFRE (International Financial Real Estate Alliance) and chairman of BOMA China Research Committee, said that in recent three years, due to the epidemic, economic challenges and market fluctuations, many housing enterprises have been thundered due to the break of capital chain, and financial institutions have been forced to hold assets in debt-for-equity swaps, but they lack the ability to actively manage them, so there have been many special opportunities and countercyclical structural opportunities to buy distressed assets at a discount.

　　"Last year, the investment in the national block trading market was about 220 billion yuan. It is expected that the activity of real estate investment transactions and the investment in block trading will increase significantly this year, and the real estate investment market will be very active." Zhang Ping said.

　　"Using private equity funds to revitalize operating real estate will be an important direction of the new development model of real estate. Investors can also allocate real estate through real estate funds. " A private equity fund said that the development opportunity of real estate private equity investment funds has come.

　　━━━━

　　Private equity fund investment in real estate pilot started

　　By the end of 2022, there were 838 private equity real estate funds in asset management association of china, with a scale of 404.3 billion yuan; There are 1424 private equity infrastructure funds with a scale of 1.21 trillion yuan, which are mainly invested in commercial real estate, transportation infrastructure, logistics and warehousing, and municipal engineering development and construction.

　　These products have played an active role in supporting the stable and healthy development of the real estate market, promoting the real estate market to revitalize the stock and transform the development.

　　However, because the investment scope, investment mode and asset return characteristics of real estate private equity investment funds are quite different from those of traditional equity investment, the CSRC instructed the fund industry association to set up a new category of "real estate private equity investment funds" under the framework of private equity investment funds and adopt differentiated supervision policies.

　　The CSRC has made it clear that the pilot work is based on the principle of pilot first and steady progress. Private equity investment fund managers who meet certain conditions can raise and set up real estate private equity investment funds in accordance with the pilot requirements to conduct real estate investment pilots.

　　According to the requirements, the managers of private equity investment funds participating in the pilot work must have stable ownership structure, sound corporate governance and paid-in capital meeting the requirements. The main investors and actual controllers must not be real estate development enterprises and their related parties, have real estate investment management experience and real estate investment professionals, and have not committed any major violations of laws and regulations in the last three years.

　　The CSRC believes that, considering the characteristics of large-scale and long-term real estate private equity investment funds, investors need to have higher risk identification ability and risk-taking ability, and the first round paid-in investment of investors in pilot fund products is not less than 10 million yuan, mainly institutional investors.

　　For real estate private investment funds holding more than 75% of the equity of the invested enterprise, a small number of ultra-high net worth natural person investors can be introduced in a limited proportion to prevent stakeholder risks. The total contribution of natural person investors shall not exceed 20% of the paid-in amount of the fund.

　　The scale of the first round paid-in raised funds of real estate private equity investment funds shall not be less than 30 million yuan, and it can be raised on the premise of meeting certain requirements; At the same time, foreign investors are encouraged to invest in real estate private investment funds by QFLP.

　　In order to strengthen the risk prevention and control in the field of real estate investment, the policy also makes it clear that private real estate investment funds should be under compulsory custody, and managers are strictly prohibited from using the fund property to invest in enterprises or projects controlled by their actual controllers.

　　According to the CSRC, private equity fund managers who meet the requirements of the pilot can submit relevant materials to the China Foundation before carrying out business activities such as fund raising and management, carry out pilot projects of real estate private equity investment funds, and file products in accordance with regulations. Private equity investment fund managers who do not participate in the pilot can continue to carry out equity investment business such as affordable housing, commercial real estate and infrastructure in accordance with the relevant self-discipline rules of the Association.

　　Bai Wenxi, chief economist of IPG China, said that while actively promoting the expansion of the real estate private equity fund pilot to specific commercial housing, promoting real estate financing and promoting the recovery of the real estate industry and the recovery of the market, prudent measures have been taken to steadily promote the real estate private equity fund pilot, such as improving investor access standards, strict supervision, and strengthening industry guidance. This shows that the CSRC has taken a prudent attitude of actively promoting and being cautious and supervising at intervals.

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　　Revitalize the existing assets of housing enterprises and guarantee the delivery of buildings.

　　In the past, private equity funds can also invest in the residential market, and once served as an important source of investment and financing for housing enterprises. However, after asset management association of china issued the Record Management Standard No.4 in 2017, the investment of private equity funds in the residential market has been basically restricted.

　　Last November, at the annual meeting of Financial Street Forum, Yi Huiman, Chairman of China Securities Regulatory Commission expressed the policy attitude that the capital market supports the stable and healthy development of the real estate market.

　　At that time, when answering a reporter’s question, the spokesman of the CSRC said that it would actively play the role of private equity investment fund in supporting equity financing of real estate enterprises. Piloting private real estate investment funds, allowing qualified private equity fund managers to set up private real estate investment funds, introducing institutional funds, investing in existing residential real estate, commercial real estate and infrastructure, and promoting real estate enterprises to revitalize operating real estate and explore new development models.

　　Report to the 20th CPC National Congress of the Party also made it clear: "Accelerate the establishment of a housing system with multi-agent supply, multi-channel guarantee and simultaneous rent and purchase."

　　Now, real estate private equity investment funds came into being. In addition to investing in infrastructure, we can also invest in existing commercial housing, affordable housing, market-oriented rental housing, commercial operation housing and so on.

　　A real estate securities person said that allowing qualified private equity institutions to set up real estate private equity investment funds, on the one hand, is to solve the problem of the source of funds for "Baojiaolou" and incite social funds to participate through some high-credit funds; On the other hand, it can also introduce new funds for the current residential and commercial real estate, revitalize the stock of operating real estate of housing enterprises, and ease the financial pressure of housing enterprises.

　　For private equity institutions and domestic and foreign institutional investors, it may mean that the real estate "bargain-hunting" opportunity is coming.

　　From the international experience, some large and successful private equity institutions often have a considerable proportion of real estate investment projects, which is an important source of their profits. The data shows that Blackstone’s real estate fund business has raised about 25% of Blackstone’s total fundraising since 2016, and the distributable profit accounts for nearly half of Blackstone’s total, which is the "ballast stone" for Blackstone’s scale and profit growth.

　　Zhang Ping said that the investment strategy of real estate private equity funds mostly depends on the investment preferences of institutional cornerstone financial investors (LP), and their investment preferences are comprehensively determined by the source, nature, term, balance of income and risk.

　　For example, she said that insurance funds are often the main cornerstones of private real estate funds because of their large amount of funds, capital investment and allocation needs. However, insurance funds cannot be invested in the field of stock commercial housing. It is expected that pre-REITs (public offering REITs front-end link) real estate private investment funds with affordable housing, market-oriented rental housing and infrastructure projects as the underlying assets and stable cash flow will be favored by insurance funds first.

　　The CSRC also made it clear that "overseas investors are encouraged to invest in real estate private investment funds by QFLP". In Zhang Ping’s view, this indicates the scope and channels of investment targets of overseas institutional investors, which helps to enhance the confidence of overseas LPs.

This article is from: China Real Estate News.

Author: Xu Qian

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2024年1月26日 | admin | dgdg


　　Xinhua News: The 41st American Super Bowl Finals started in the drizzle in Miami on the 4th. The Indianapolis Colts came from behind, beating the Chicago Bears 29-17 to win the Vince Lombardi Cup.


　　In America, rugby is called American football. Founded in 1920, the NFL reached a merger agreement with its main competitor, the American Football League (AFL), who is 40 years younger than it, in 1966, and decided that the champions of the two leagues would hold a "World Championship" every year. In 1970, after the NFL, the Super Bowl became synonymous with the finals.


　　In the first quarter, the bears played well in attack and defense, leading by 14: 6. However, in the second quarter, the colts stepped up their attack. Organized by the famous quarterback Manning, they tied 10 points in a row and ended the first half with 16: 14. In the third quarter, the two sides were basically in a stalemate, and the colts and bears only scored 6 points and 3 points by shooting.


　　In the fourth quarter, the colts basically grasped the initiative on the field and extended their lead to 12 points. The energetic bears launched an active attack in the final stage, but failed to turn the score card again in the face of the colts’ solid defense.

　　Although there is only one American football game, it is a festival for American football fans in the United States and even the whole world. Tens of millions of American families watch the live broadcast of the game, and tens of millions of Americans go out to attend various parties. This day is considered to be the second largest consumption day in the United States after Thanksgiving. A few days ago, Forbes published the ranking list of the most valuable sports events in the world for the first time in history. As a result, the Super Bowl, the first brand sports event in the United States, ranked first with $379 million.

Editor: Zack Zhang

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