BEIJING, Beijing, May 18 (Xinhua) On the 17th, Mayday’s latest concert movie "Mayday Life Unlimited Company" held its premiere in Beijing. After the premiere, director Chen Yiren, Mayday Monster, Stone, Martha, Guan You and A Xin appeared to exchange their feelings with the audience.

　　The movie Mayday Life Unlimited Company is starring Monster (Wen Shangyi), Stone (Shi Jinhang), Martha (Cai Shengyan), Guan You (Guanyou Liu) and A Xin (Ashin), with Bo Huang and Tony Leung Ka Fai as special stars. The film reproduces the essence of 122 concerts on May Day and will be released on May 24th.

　　During the interview, when asked who had the best acting skills among several members, the members all pointed to the head monster. When talking about Bo Huang and Tony Leung Ka Fai, director Chen Yiren praised their acting skills as "ever-changing".

　　A Xin even bluntly said: "Teacher Bo Huang is not only an excellent actor, director and singer, but also personally came to the Bird’s Nest to sing with us this time. Thank you very much for joining us." And Tony Leung Ka Fai’s earnest and responsible attitude at the scene also made the band members admire him. "When he can have a rest, he is still helping us to play. He is really an admirable elder brother and elder.".

　　It is reported that in order to bring the audience the ultimate viewing experience, the crew exhausted their efforts in shooting, editing, post-production, sound production, etc., and overcame many obstacles: during the concert shooting, the number of seats was up to 25, and the shuttle remote control car and BOLT electric arm were changed. In sound production, the top team in Hollywood is used, and the sound of 64 channels is carefully set, striving to create a wonderful immersive audio-visual feast for all audiences; In terms of film format, the team strives to give the audience more choices, and goes to South Korea to produce 4DX and ScreenX formats to make the picture more complete and shocking.

　　Since the first performance in Beijing in 2004, Mayday has performed 11 performances in the Bird’s Nest Stadium, creating a miracle with hundreds of thousands of fans and becoming the record holder. Not only that, the pre-sale box office of movies has also been leading all the way since its opening, and now it ranks first at the box office of the same period. In this regard, the band members said that they were "both excited and nervous, grateful to all their friends for their support, and grateful to everyone for their willingness to join Life Unlimited Company".

　　It is worth mentioning that "Life Unlimited Company" presents the grand occasion of more than 4 million fans partying together in the film. Mayday said that the significance of filming this film is as a gift for fans, "so that more people can see Mayday, and they don’t have to go to one city after another, as long as they are in the cinema near home, they can party with Mayday." (End)

[car home Zhengzhou Preferential Promotion Channel] Recently, we learned from the local dealers in Zhengzhou that the high-profile models are carrying out preferential activities, and the highest preferential amount has reached an astonishing 160,000 yuan, which has reduced the minimum starting price to 294,900 yuan. This discount has attracted the attention of many consumers. If you are also interested in buying the BMW i4, you may wish to click "Check the car price" in the quotation form to get a higher discount.

The exterior design of BMW i4 reflects BMW’s latest family style. The front face adopts a closed kidney-shaped air intake grille with sharp LED headlights, creating a strong sense of the future. The body lines are smooth, showing a dynamic posture, and the overall style is fashionable and powerful.

BMW i4 has a slender body line, with a vehicle size of 4785*1852*1455 mm and a wheelbase of 2856 mm, showing a spacious interior space. The front wheel track is 1601 mm and the rear wheel track is 1630 mm, which provides excellent stability and handling performance for the vehicle. Equipped with tyre size with front 245/45 R18 and rear 255/45 R18, with exquisite rim design, the vehicle’s sense of dynamics and luxury is further enhanced.

The interior design of BMW i4 is full of scientific sense and luxury, and adopts modern and simple style, aiming at creating a comfortable and pleasant driving experience for drivers and passengers. The car is equipped with a 14.9-inch central control screen and precise voice recognition control system, which makes navigation, multimedia playback, telephone answering and air conditioning adjustment easy and convenient. The steering wheel is wrapped in high-grade leather, which feels delicate and has the function of manual adjustment up and down and back and forth, ensuring that drivers can find the most comfortable position in various driving postures. The front seats support heating function, providing a comfortable riding experience, while the driver’s seat is also equipped with electric seat memory function, which is convenient for the owner to save and recall personalized seat settings. The car is also equipped with multiple USB and Type-C interfaces and wireless charging function to meet the needs of modern drivers for charging electronic equipment. In addition, the rear seats can be laid down in proportion, which increases the flexibility of storage space. On the whole, the interior configuration of BMW i4 is rich and intimate, which shows the consistent pursuit of high quality of BMW brand.

BMW i4 is equipped with a high-performance electric engine, with a maximum power of 250kW and a maximum torque of 430N·m, which provides a strong power output and a smooth acceleration experience for the vehicle.

The owner of car home said that the configuration parameters of Series I’s 3, 5 and X3 are almost the same, only the shell has been changed, and I want to buy the I4 for the sake of personality. Of course, it is still imported, so there is no need to do such a thing as buying it home and deducting the label. The big nostrils are not mediocre at first glance. When I drive out, everyone guesses at 600,000. I’m sorry.

　　On the morning of September 26th, Guangcheng International held the launching ceremony of GAC MOTOR & Stellantis Mexico export project at Guangzhou Automobile Passenger Car Factory. At the event site, nearly 1,000 new branded cars from Guangzhou International were arranged as "GAC" vehicles. The export model was Guangzhou Automobile Chuanqi GS5 for rebranding and OEM.Stellantis’s brand-Dodge Journey was exported to Mexico.

　　About 80 people attended the event, including Yu Jun, member of the Executive Committee, head of international business department, chairman of Guangzhou Automobile International, Xin Tianshu, executive vice president of business development in Stellantis China, Liu Niansi, executive vice president of Guangzhou Automobile Research Institute, Huang Yongsheng, deputy general manager of Guangzhou Automobile, Li Canhui, general manager of Guangzhou Automobile International, Zeng Hebin, employees of Guangzhou Automobile Hangzhou factory, relevant personnel of Guangzhou Automobile Research Institute, members of Guangzhou Automobile International Headquarters and Mexican project team, and many media friends.

　　

　　Innovate OEM cooperation mode to help China build a smart sea.

　　The cooperation between Guangcheng International and Stellantis Group is a new attempt for both parties to expand overseas markets. Dodge products made by GAC will enter the Mexican market.

　　Stellantis Group is a leading global automobile manufacturer and travel solution provider, with many automobile brands such as Maserati, Chrysler, Jeep, Fiat and Dodge. The strategic cooperation with Guangzhou Automobile Group is about to enter its second decade. Dodge brand has been deeply cultivated in Mexico for more than ten years, and has become a local mainstream brand with good product quality and driving experience, with a mature sales network and a broad user base. The cooperative model Dodge Journey will continue to write the legend of Dodge brand in Mexico with GAC’s high-quality products under the slogan #NewDodge.

　　Relying on the powerful intelligent manufacturing strength of Guangzhou Automobile Group, Guangcheng International integrates the superior resources of both parties in the form of innovative cooperation to improve the efficiency of market development. This cooperation mode is an important attempt by Guangzhou Automobile International to implement the globalization strategy of Guangzhou Automobile Group, and also provides a useful reference for China automobile brands to go to sea.

　　There is no shortage of "Made in China" in the global consumer market, but "Made in China" in technology and intelligence-intensive industries. This cooperation is the launch of "China Zhizao" automobile products, which proves that Stellantis Group and the international market behind it highly recognize the technology, safety, performance and quality of Guangzhou Automobile Group. In the future, Guangcheng International and Stellantis Group will further expand the cooperation mode and bring the automobile products that condense the wisdom and ingenuity of Chinese people to more countries.

　　Guangcheng is a new international starting point and a new journey of internationalization of Guangzhou Automobile Group.

　　In 2020, faced with the impact of COVID-19 epidemic and the heavy pressure of economic downturn, Guangzhou Automobile Group made a comprehensive plan to prevent and control the epidemic and took various effective measures. The annual production and sales both exceeded 2 million vehicles, and the total operating income reached 395.498 billion yuan, up 5.87% year-on-year. In the ranking of the world’s top 500 enterprises in 2021 released by Fortune magazine in August this year, GAC ranked 176th, which was the best achievement over the years, 30 places higher than last year’s ranking, and was selected as the world’s top 500 enterprises for the ninth consecutive year.

　　It’s a long way to go. In 2020, Guangzhou Automobile Group put forward the "1615" strategy during the "14 th Five-Year Plan" period, in which internationalization was one of the five promotion strategies of Guangzhou Automobile’s "intelligent, electrified, shared, international and digital". Exploring the international market is of great significance to Guangzhou Automobile Group. The Mexican market entered by Guangcheng International in an innovative mode has a population of more than 100 million, and the annual automobile sales volume reaches 1.3 million. It is a "blue ocean market" with great consumption potential and will become a key step in the internationalization strategy of Guangzhou Automobile Group.

　　Zeng Hebin, general manager of Guangcheng International, said that the cooperation between Guangcheng International and Stellantis Group is an important milestone in the internationalization of Guangzhou Automobile Group. Guangcheng International will take the Mexican project as an opportunity to deepen cooperation with foreign partners in an all-round way and make use of the superior resources of both sides to carry out global strategic cooperation.

　　Xin Tianshu, executive vice president of business development of Stellantis Group in China, said that Dodge, as a mainstream brand in Mexican market, has always paid attention to product quality and is committed to providing consumers with the best driving experience, which is also an important reason why Stellantis chose GAC as its partner. He said: "GAC MOTOR has proved its strength as a head brand with excellent market performance and good user reputation, so we believe that the Mexican export project will be successful, and I wish Dodge Journey a big sale in the Mexican market."

　　Li Canhui, deputy general manager of Guangzhou Automobile Passenger Car and general manager of Hangzhou Company, said in his speech that all the vehicles exported to Mexico were produced by Hangzhou factory. He said: "In this process, we attach great importance to quality, always adhere to intelligent manufacturing and ingenious technology, and hope that these vehicles can start from Hangzhou, go to Mexico and go global, so that the brand influence made in China can spread all over the world."

　　Building a global brand, GAC MOTOR brings "China ingenuity" to the world.

　　Guangcheng International, which shoulders the heavy responsibility of Guangzhou Automobile Group’s internationalization, has actively participated in major international auto shows since 2013, and has appeared in overseas exhibitions such as North American International Auto Show and Paris Auto Show for many times, gradually establishing the international image of GAC MOTOR. At present, Guangcheng International has promoted GAC MOTOR brand to 26 countries and regions, and initially established a global sales and service system.

　　In order to deepen overseas brand building, in May this year, Guangcheng International released GAC MOTOR brand communication slogan "GO AND CHANGE" to consumers around the world, aiming at infiltrating "artisan spirit" into every detail of products and services, and continuously creating beautiful mobile life value for consumers around the world with a brand-new image of active innovation and daring to break through.

　　Starting from the Mexican market, the cooperation between Guangzhou International and Stellantis Group entered a new chapter. In the future, the two sides will continue to deepen cooperation and jointly explore overseas markets. Guangcheng International will also continue to be based on the craftsman spirit, bring more high-quality automobile products to overseas consumers, let more people know about GAC MOTOR, and promote the sustainable development of Guangzhou Automobile Group’s international strategy of "focusing, promoting synergy, empowering together and creating first-class".

Lin Jiaxin (right) and Ku Kui Kei went to Guangzhou to interact with the audience.

　　(Reporter Wang Zhenguo/Wen Wangweixuan/Photo) The comedy "Love Call Transfer 2", which will be released on the 28th of this month, was held in Guangzhou the night before. Director Zhang Jianya and starring Lin Jiaxin and Ku Kui Kei were present to interact with the audience. However, Lin Jiaxin and Ku Kui Kei lacked tacit understanding.

　　Ku Kui Kei:

　　Chasing girls is singing in her ear.

　　Nie Bing, a girl played by Lin Jiaxin in Love Call Transfer 2, won 12 dating opportunities given to her by angels, and then met 12 men of different types and occupations, among whom Ku Kui Kei played an insurance salesman. At the press conference held on the evening of 17th, Ku Kui Kei blew herself up about her early love, saying that she had also used the girl-chasing bridge like "singing in her girlfriend’s ear" in the film: "I didn’t enter the business at that time, so I sang the songs of my predecessors. At that time, it was at the seaside in Tsim Sha Tsui, Hong Kong. Wow, now I think it is very romantic. She is in my arms and my ear is on my mouth. I will sing it to her. "

　　However, when Ku Kui Kei was filming, he was busy promoting the music album, so he only spent 40 hours in the group shooting, and he didn’t know some key plots in the film. On the evening of 17th, when he was asked the question "What dish did the insurance salesman do that touched Nie Bing", Ku Kui Kei was embarrassed, and answered three answers "Mom’s rice", "Mom’s food" and "Mom’s shrimp" in succession, but Lin Jiaxin, who knew the answer, just smiled at the side without any tacit help. Director Zhang Jianya quickly cleared the way: "This is not his fault, filming the scene of Lin Jiaxin eating food.

　　Lin Jiaxin:

　　You can’t accept sibling love in your life.

　　Love Call Transfer 2 is Lin Jiaxin’s first mainland film, and it is also a comedy route that she seldom tries. Lin Jiaxin said that she played this role in a "silly girl" way: "I really seldom try comedy, but I know that I have to catch a few points-Pisces, a girl who is about to turn 30, and a TV presenter, so I think I should catch’ silly’ because girls’ stupidity is very cute. I don’t want to pretend to know comedy very well. I hope to perform the role of Nie Bing with silly feelings. "

　　When it comes to the actor who feels the best in the film, Lin Jiaxin didn’t say it was Ku Kui Kei who was standing by, but Huang Lei who played the painter in the film, but she didn’t forget to add: "Of course, it feels good with Ku Kui Kei." Later, Lin Jiaxin explained, "Some people can’t establish too many tacit understandings because the shooting time for each of them is only two or three days.". What impressed me more was Huang Lei. There was a scene where I broke up with Huang Lei. He was crying, and I was suddenly tempted. I was infected in an instant and wanted to hurt him. "

　　I talked about 12 boyfriends in the movie. What kind of boyfriends does Lin Jiaxin like in life? Lin Jiaxin said, "I can’t accept sibling love, and I prefer mature men. The teacher Fan Wei in the film is not bad, very cute, and her eyes are always smiling, so she has no trouble with him. In real life, I will choose mature and humorous people. "

　　Reporters watch movies:

　　Audience favorite

　　Fan Wei is funny.

　　At present, Fan Wei, Huang Lei and Deng Chao are the three leading actors in Love Call Transfer 2. Talking about the comparison of the length of the actor’s scenes in future films, director Zhang Jianya said: "The film was three hours long when it was roughly cut, and many good scenes were cut off due to the limitation of the film length."

　　According to the reporter’s statistics, among the films, Fan Wei took on the most funny lines, and his performance also got the most laughter. He plays Fan Zhongju in the film. He owns a huge sum of money and a famous car. He is a veritable tycoon. Based on the life principle of "a vast sea of people, weeds everywhere, why not look for flowers", he has a crush on Lin Jiaxin. When Lin Jiaxin said that he liked Prince Charming, Fan Wei looked embarrassed: "That’s bad, they all call me a dark horse fat man."

　　Alec Su, an idol student, also performed brilliantly. He played an almost crazy draft player in this film. He participated in all kinds of draft programs, including "Good Man", "Fast Man", "Real Man" and "Handsome Man", in order to show a small face in front of the camera, and he also paid bribes to all kinds of people in the cast for the sole purpose of being famous. In the film, Alec Su not only boasts the "Xu Wenqiang" of Shanghai Beach, but also sticks his head out of the sky window affectionately in Lin Jiaxin’s car, waving to the roadside frequently and shouting "Hello friends at the top of the mountain". Before the words are finished, a garbage bag blows and sticks it on Alec Su’s face.

　　(Wang Zhenguo)

Editor: Zhang Renhe

[car home Hohhot Preferential Promotion Channel] At present, there is a price reduction promotion in Hohhot, with the highest discount reaching 18,000 yuan and the lowest starting price reduced to 70,900 yuan. Interested consumers may wish to click "Check the car price" in the quotation form and strive for higher discounts.

The design of Changan Auchan X5 is full of dynamic and scientific sense, and the front face adopts bold and sharp lines, showing a strong sporty atmosphere. The air intake grille adopts a large hexagonal design, which is integrated with the headlights to increase the visual impact. The lines of the whole body are smooth, and the lines of the roof are tilted backwards, creating a dive posture, which makes the whole car look more dynamic. The waistline on the side of the car body extends from the front fender to the rear taillight, which enhances the three-dimensional sense of the car body. The overall style is young and fashionable, which meets the aesthetic needs of young consumers.

The body size of Changan Auchan X5 is 4490*1860*1580mm, the wheelbase is 2710mm, and the front and rear wheel tracks are 1580mm and 1595mm respectively, showing spacious interior space and stable driving posture. The side lines of the car are smooth and dynamic. With 18-inch rims, the tyre size is 225/50 R18, which further enhances the sporty atmosphere and handling performance of the whole car.

Changan Auchan X5 interior design is simple and modern, with leather steering wheel, which is comfortable and supports manual adjustment up and down. The center console is equipped with a 10.25-inch HD screen, which provides rich multimedia functions and intelligent interconnection experience. The seat is made of leather/fabric mixed material. The main driver’s seat supports front and rear adjustment, backrest adjustment and two-way height adjustment. The co-pilot seat also has the functions of front and rear adjustment and backrest adjustment, which improves the riding comfort. The car is also equipped with USB and Type-C interfaces to facilitate passengers to charge the equipment. The rear seats can be laid down in proportion, which increases the flexibility of storage space.

Changan Auchan X5 is equipped with a 1.5T turbocharged engine with a maximum power of 138kW and a maximum torque of 300 Nm. This four-cylinder engine is matched with a 7-speed wet dual-clutch gearbox, which provides a strong power output and a smooth shifting experience for the vehicle.

The owner of car home spoke highly of Changan Auchan X5, and thought it was excellent in cost performance, rich in configuration and affordable, which made him particularly satisfied. He said that this car is not only expensive, but also has a good brand. It is a high-quality choice with both sports and economy, and it is summed up as "this is my favorite car".

There are still many players who don’t know how to play the double-line game. As a fun task in the game, I believe many players want to know how to play it. Let’s let the 18183 game network Xiaobian toast bring you how to play the double-line game. I hope everyone likes it.

How to play the game of two people in a row

Chapter one: shacks

Mini-game #1: Beat Cody.

Section: abyss

Automatically unlock with the story. After a cg, you will appear in a room with sawdust all over the floor, and the whack-a-mole machine is on your face.

Mini game #2: Turn the switch

Section: abyss

Shortly after the first mini-game, where Cody needs to shoot the "DANGER Moving Parts, Use Caution" button, don’t go forward and go to the right fork in the road.

Chapter 2: Big Trees

Mini Game #3: Tug of War

Section: capture prisoners

After Xiaomei opened the door and climbed the wall back and forth, she came to a platform with a football on her right hand side, a wooden door in front and a mini game on her left hand side.

Mini-game #4: Toilet Cecil

Section: ingrained

A high probability unlocks with the plot. After riding the blue catfish, after a cg, you will come to a big tree with handrails on both sides to slide. Sliding to the back of the tree is a mini-game.

Chapter Three: Ross’s Room

Mini-game #5: Tank Brothers

Section: pillow fortress

Climb to the top of the pillow pile in front of you at the beginning of the bar.

Mini-game #6: Space Walk

Section: a trip to space

After entering the space elevator for the first time, don’t float all the way to the top. There is a hidden room under the first floor and enter the portal.

Mini-game #7: Laser Tennis

Section: a trip to space

After entering the space elevator for the second time (completing the three portals on the first floor), it is consistent with mini-game #6. Don’t float all the way to the top. There is a hidden room under the second floor and enter the portal.

Mini-game #8: rodeo

Section: hopscotch

After the bar starts, go all the way to the end, on the pillow pile

Mini-game #9: Feeding reptiles

Section: hopscotch

Behind the "slide ropeway" checkpoint (a player steps on the cow pattern on the ground), there is a fork in the road on the right hand side.

Mini-game #10: Hit the team

Section: hopscotch

Automatically unlock with the story. By the piggy bank.

Mini-game #11: Stars in Birds

Bar: A long time ago.

At the beginning of the bar, it passes through the castle gate, and there is a TV game machine at the end of the path on the left.

Chapter four: cuckoo clock

Mini-game #12: Horse racing

Section: The Gate of Time

Come to the outdoor town square area, go all the way to the bottom, and you will see the "HELLTOWER" sign on the right side of the sign.

Mini-game #13: Bombing Route

Section: The Gate of Time

Come to the outdoor town square area, go all the way to the bottom, and you will see the "HELLTOWER" sign on the left side of the sign.

Chapter 5: Snow Ball

Mini-game #14: Throwing icicles

Section: Winter Town

After entering a town that needs three ice-breaking towers, activate the ice-breaking tower on the left, under a nearby twin towers.

Mini Game #15: shuffleboard

Section: Winter Town

After entering the town that needs three ice-breaking towers, activate the ice-breaking tower in the middle, and you will see a Ferris wheel in the cave on the left side of the Ferris wheel.

Mini-game #16: Snowball Wars

Section: Winter Town

After entering the town that needs three ice-breaking towers, activate the ice-breaking tower on the right, in the cave near the sculpture.

Mini-game #17: Ice Racing

Section: the world under the ice

The plot will take you to an underwater base at the beginning of the section. Drill into the water and float, and the ice around the lake after coming out of the water is the track. Find the starting line near a boat (making fish every year).

Chapter 6: Gardens

Mini Game #18: Garden Swing

小节：斩草除根

小节刚开始时爬上右边的石头即可发现。

迷你游戏 #19: 幼虫篮子

小节：斩草除根

距离迷你游戏 #18不远，小梅为第一棵植物浇水后会来到许多可弹跳蘑菇的区域。不要向前推进主线，向左上进行跳跃。

迷你游戏 #20: 蜗牛赛跑

小节：青蛙池塘

在骑乘青蛙的关卡结束后，继续前进来到一个前方有大路灯的区域，拐进右前方。

第七章：阁楼

迷你游戏 #21：玩具赛车

小节：布置舞台

小节刚开始时，一路前进即可看到。

迷你游戏 #22：国际象棋

小节：布置舞台

大概率随剧情自动解锁。在通过演练彩排小节后，你将第二次回到布置舞台区域。一路前进即可看到。

迷你游戏 #23：音乐椅

小节：布置舞台

跳到国际象棋旁的书堆上，通过吊绳到另一边。

迷你游戏 #24：排球

小节：交响乐章

一段CG过后会来到云层上的室外场地，在你第一次获得喷气背包能力时，在下方的一朵云上有一块排球场。

迷你游戏 #25：田径选手

小节：布置舞台(交响乐章完成后)

交响乐章小节完成后，你将第三次回到布置舞台区域。不要向前推进主线剧情，右手边有一台街机。

以上就是双人成行小游戏怎么玩的全部内容了，希望对大家有所帮助。

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

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

　　Xinhua News Agency reporter Wang Xu Zheng Xin

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

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

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

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

　　Stand at a new historical starting point

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

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

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

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

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

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

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

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

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

　　　Open a new situation of good governance and good governance

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

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

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

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

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

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

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

　　　A new starting point means a new challenge

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

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

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

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

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

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

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

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

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

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

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

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

　　Reading tips

　　Pedestrian street branches are covered with poetry lighting, sidewalks are painted with three-dimensional poems, poetry tags are hung above supermarket shelves, and subway tab cards are printed with ancient poems … … Xi’ an is setting off a "poetry fever" in an all-round way.

　　Above the perch shelf, there is a poem tag "People come and go on the river, but they love the beauty of perch", above the pear, "Pears and dates are ripe in August before the court, and trees can return a thousand times a day", above the whole grains, there is a hanging tag "When the chicken crows and porridge are ripe, I will drag my head to your house", and above the shepherd’s purse, there is a hanging tag "Peaches and plums in the city are worried about the wind and rain, and the shepherd’s purse flowers in the creek in spring" & … Recently, a large supermarket in Xi ‘an, Shaanxi Province, attracted many people to take photos and punch cards because of its poetry creativity, and some Hanfu fans played poetry games with customers on the spot.

　　"When I walked in, the beauty of an ancient poem and words came to my mind. I felt that I was not only shopping, but also experiencing a poetic feeling, just like a line from the recently hit domestic anime" Changan Three Wan Li ":‘ As long as there are poems and books, Chang ‘an is there ’ 。” Li Miao, a citizen of Xi ‘an, said.

　　Poem Chang ‘an: Step by step, the lights are dim.

　　Xi ‘an, called Chang ‘an in ancient times, is the ancient capital of the 13th Dynasty. On August 13th, Zhejiang tourist Chen Zhenchu came here with two daughters. From "Qingpingdiao", "If it weren’t for the first sight of the Jade Mountain, I would meet Yaotai under the moon", to "Song of Eternal Sorrow", in the Palace of Eternal Life, Chen Zhenchu’s two daughters burst into tears when they looked at the 3D hologram.

　　For the "poetry fever" in the ancient capital Xi ‘an, Chen Zhenchu’s memory began before the Spring Festival in 2023. The pedestrian street on both sides of the North Square of the Big Wild Goose Pagoda in Xi ‘an is very lively, with ancient poems hanging down from the branches. Tourists have shouted: "From ancient poetry to heaven, not for you and me."

　　Among the crowds in the "Ancient Poetry Street" in Xi ‘an, Wang Zhi, a tourist from Nanjing, couldn’t help but sigh: "Thousands of years ago, hundreds of poets left countless romantic poems in Chang ‘an; Thousands of years later, someone turned them into a city ‘ Fire tree silver flower ’ , depicting and carving with poetry ‘ With deep affection ’ Four words. "

　　"The idea takes trees as the bone, poetry as the soul, and classic poems with beautiful lighting effects make tourists ‘ Step by step ’ There is a feeling of walking in poetry. When you look up, you will see the ancient rhyme of the Millennium and interpret Chinese romance to the fullest. " Poetry lover, Zhao Shuangying, director and associate professor of communication department of Northwest University, commented.

　　A spring breeze of "poetry fever" once again blew through Xi ‘an, a famous historical and cultural city, and Xi ‘an also told everyone with actions that "our romance never stops here".

　　One day in May, when Zhu Mingmei, who had just worked for one year, stepped into Xi ‘an Metro Line 4 and pulled the pull ring on the overhead rail with her hand, she was surprised to find that the square card between the pull ring and the rail was printed with the poem from Wang Bo’s Lingaotai: "The East is optimistic, and the west refers to Weiyang Palace." Other such positions are also full of poems. When walking to the walkway at the entrance of Qingnian Road Primary School in Lianhu District, poems such as "Farewell to the teenager, full of bows, not afraid of the years and the wind", "The teenager should be on the rise, and the moon will shine day by day" and "When he is a teenager, he will live up to his youth and know" came into view.

　　There are also some poetry lovers singing poems on buses and subways, which attracted everyone to recite collectively. "Ancient poetry is true in Xi’ an ‘ Fierce ’ It can be seen everywhere and from time to time. It turns out that there is a poem Changan hidden behind this ancient city. " Zhu Mingmei said.

　　Poetic Chang ‘an: a poem at a glance, blending scenes.

　　She Yifan is a fourth-grade Chinese teacher at Dongyuan Road School in Xi ‘an. He graduated from Shaanxi Normal University majoring in Chinese language and literature. He loves ancient poetry, and his poetry class has a characteristic — — Poetry blends with real life, which is also very popular among students.

　　"with twilight shadows in my heart, I have driven up among the Leyou Tombs. The sunset is infinitely good, buried by the coming night. " When it comes to Li Shangyin’s the leyou tombs, he will ask parents and children to go to Leyouyuan Scenic Resort as far as possible on weekends to experience it on the spot and understand the content, feelings and artistic conception of the poem at the scene where the ancients wrote it. "Where is the home of the Qinling Mountains, the snow holds the blue horse back" is on the ancient plank road in Lantian County, which is suitable for winter, and "mermen weep their pearly tears down a moon-green sea and blue fields are breathing their jade to the sun" is also in Lantian; "not knowing the way to the Temple of Heaped Fragrance, under miles of mountain-cloud I have wandered" is at the foot of Qinling Mountains; "on the seventh day of the Seventh-month, in the Palace of Long Life, we told each other secretly in the quiet midnight world" is located in Huaqingchi Scenic Area in Lintong District … …

　　With the "poetry fever" escalating in Xi ‘an, she Yifan also passed more and more poems and artistic conception to students by using after-school service time. And his training method has also achieved results. Children fall in love with ancient poems and can tell the history and culture of many places related to ancient poems.

　　"Teacher, I like Gao Shi’s poem best ‘ Like a bird, six or his wings shake, self – pity, leaving Beijing for more than ten years. Mochow has no bosom friend before her, and everyone in the world knows you ’ . In the summer vacation, I must go to the border with my father and mother to feel this poem. " On the evening of August 15th, She Yifan received a WeChat voice from the student Youyou (a pseudonym) after watching Three Wan Li in Chang ‘an. He was very pleased. Youyou had been to the Big Wild Goose Pagoda, the city wall, Daming Palace Ruins Park, Epang Palace Ruins and Qujiang Pool before, and felt the beauty of poetry in various places.

　　Poetic Chang ‘an: One Scene, One Poem, Upgrade of Literary Travel

　　"It is no exaggeration to say that our store is 3,000 square meters and can accommodate nearly 300 people. It opens at 11 am and is full in 5 minutes. You must make an appointment two weeks in advance to book a private room." On August 16th, Gao Peng, the manager of Chang ‘an big-name stall (Shengjing Store in Xi ‘an), told the reporter excitedly.

　　As a local specialty restaurant in Xi ‘an, this brand restaurant is mainly decorated with the prosperous culture of the Tang Dynasty. Xi ‘an Shengjing Store is located at the starting point of the ancient Silk Road — — In the western market of Datang, with the increasing popularity of "poetry fever" in Xi ‘an, ancient poems are printed on the front desk, the food bars and the roof of the store, forming a poetic environment, and they are integrated into daily scene interpretation.

　　"Have you seen how the Yellow River’s waters move out of heaven, entering the ocean, never to return … … Cook a sheep, kill a cow, whet the appetite, and make me, of three hundred bowls, one long drink!. Cenfuzi, Dan Qiusheng, will enter the wine, and the cup will not stop … …” At 11: 40 in the morning, the performance started on time. Customers in the store put down their bowls and chopsticks and gathered around the stage to take pictures as a souvenir. At the climax of the performance, drums were loud and the store turned into a large-scale poetry-reciting scene, and applause and applause continued everywhere.

　　"We combine poetry with decoration, decoration and dance drama performance, which not only promotes traditional culture, but also adds some modern content. It is an attempt to deeply integrate culture and tourism, so that tourists can feel the prosperity of Datang and the cultural atmosphere of Shaanxi in catering." Gao Peng said.

　　In Xi ‘an, the integration of literature and tourism driven by "poetry fever" has been escalating. "Twelve Hours in Chang ‘an" creates an immersive tour of tang style’s ancient poems, 12 scenic spots in Chang ‘an, 12 representative figures in the Tang Dynasty and 12 time-related Tang poems, which are deeply loved by tourists. "Dress in Hanfu, make up in Tang Dynasty, visit the ancient capital and appreciate poetry". In various historical and cultural attractions in Xi ‘an, "enthusiasm for poetry" is on the rise. Some poetry lovers take to the streets and invite tourists wearing Hanfu to appreciate poetry with them and experience the charm and fun of poetry … …

　　"Now, with ‘ Looking for ancient charm ’ As the direction, the integration of literature and travel with poetry as the medium is showing great vitality. Through some good ideas and practices, poets and lyricists ‘ Out of the study ’ It is becoming a new fashion to approach today’s young people. In the future, in the ancient capital of Xi ‘an, the charm of poetry will be further highlighted, so that more fans will be willing to ‘ Go to the world for a surprise banquet and see the prosperous Yan of Chang ‘an ’ 。” Zhao Shuangying said.

　　On September 7th, Guangdong-Hong Kong-Macao Greater Bay Area workers celebrated the 70th anniversary of the founding of People’s Republic of China (PRC) and the 20th anniversary of the establishment of the Macao Special Administrative Region. The performance was jointly sponsored by Guangdong Federation of Trade Unions, Hong Kong Federation of Trade Unions and Macau Federation of Trade Unions. The picture shows the audience waving a five-star red flag and singing My People，My Country. China News Service reporter Chen Yushe

　　When Chen Zhuoxi, the principal of Hong Kong Professional Continuing Education School, was young, there were not many opportunities to see the five-star red flag. As a primary school student, he made a small five-star red flag with a small wooden stick and raised it at home in Hong Kong. "I was born in a family that loves China and Hong Kong, and I was greatly influenced by my parents." Chen Zhuoxi told reporters.

　　My parents left a commemorative medallion for the founding of New China, which Chen Zhuoxi keeps to this day. "At that time, my parents were still young people. They bought this medal specially, so I can imagine the happy mood at that time." Since Hong Kong returned to the motherland in 1997, the five-star red flag has been flying in the wind on Hong Kong Island.

　　In 1999, Cui Shiping, chairman of the Macao Chinese Cultural Exchange Association, who was studying in Tsinghua University, took the urban planning and development of Macao as the topic of his doctoral thesis, and the relevant suggestions were adopted by the Macao SAR government. "Before the reunification, Macao’s economic development and public security situation were not ideal. After the reunification, Macao residents participated in the construction with the attitude of being masters and devoted themselves to development. " He told reporters.

　　The 70 years of New China are 70 years of rapid development, and 70 years of joint efforts by compatriots from Hong Kong and Macao and the motherland.

　　Feel the great changes personally

　　Chen Zhuoxi’s hometown is in Nanhai, Guangdong Province. When he was young, he went to the mainland for an exchange visit. Sitting on the train from Shenzhen to Guangzhou, he saw picturesque mountains and rivers outside the window, and the construction of the motherland advanced by leaps and bounds more than a few years ago. The car broadcast is playing "Singing the Motherland", and the bright melody falls on Chen Zhuoxi’s heart. "There is a very kind feeling of going home."

　　"Hong Kong people have counted up to three generations, and many of them have come from the mainland." Chen Yong, vice chairman of the Hong Kong Democratic Alliance for Betterment of Hong Kong (DAB), told the reporter that his father was a returned overseas Chinese, his mother was a native of Henan Province, and he was born in the Mainland. When growing up, Chen Yong, who went back to the mainland to visit relatives with his family many times, witnessed the rapid changes in the motherland. "Every time I go back, I will find that the impression of my hometown and childhood has changed a lot, and infrastructure construction has mushroomed. Many aspects of development were unimaginable before." Chen Yong said.

　　Yu Guochun, the chairman of Hong Kong Yuhua Domestic Department Store Co., Ltd., was born in 1951 and is known as the "king of domestic products". Sixty years ago, his father was invited to Beijing to participate in the 10th anniversary of the National Day. It was in that year that his father founded Yuhua Chinese products, which means "rich China". Yu Guochun told reporters that his father hopes to sell China’s high-quality products overseas through Hong Kong, and at the same time, open up the country’s foreign trade channels and increase foreign exchange income. "When Yuhua first opened in 1959, it only sold a few hundred kinds of goods. Today, we have sold hundreds of thousands of high-quality domestic products. " Yu Guochun said, "Our domestic products have benefited from the development of the motherland, especially the reform and opening up and the return of Hong Kong. I am honored to be a witness and participant and personally feel the great changes. "

　　Liang Weite, Financial Secretary of the Macao SAR Government, told reporters that Macao’s development achievements today also benefited from the country’s reform and opening up, especially after Macao’s return to the motherland, under the advantage of "one country, two systems", with the strong support of the state and the concerted efforts of all walks of life in Macao, Macao has undergone earth-shaking changes.

　　Better integrate into the mainland

　　In 1996, Hong Kong businessman Feng Guoyou shifted his career focus to the mainland. At that time, Hong Kong had not yet returned to China, and some Hong Kong businessmen lacked confidence in developing their businesses in the Mainland. Feng Guoyou hopes to tell Hong Kong compatriots the real situation in the Mainland through personal experience and attract more Hong Kong businessmen to develop in the Mainland.

　　With the return of Hong Kong to the embrace of the motherland, more and more Hong Kong people go to the Mainland to show their talents. Feng Guoyou, a veteran "North drifter", established the Hong Kong Professionals (Beijing) Association in 2011 to help Hong Kong people better integrate into the Mainland. At the beginning, there were only 30 or 50 small teams, but now there are 1300 members, covering many industries and highlighting the characteristics of youth, innovation and technology.

　　Borong Wang, chairman of the Youth Affairs Committee of the Association, said: "In recent years, the state has launched many measures to help Hong Kong people integrate into the overall development. For example, it is very positive to cancel the employment permit of Taiwan, Hong Kong and Macao personnel in the Mainland and implement the residence permit system for Hong Kong, Macao and Taiwan residents. "

　　Chen Zhuoxi said that about a quarter of the students in Hong Kong professional continuing education schools go to the Mainland for exchanges and internships every year. "Many students go to the mainland, not only to visit schools, enterprises or scenic spots, but also to visit mainland students’ homes and take the initiative to invite mainland students to Hong Kong. This two-way communication has enabled students to build deep feelings, and Hong Kong students have a deeper and more comprehensive understanding of the Mainland. "

　　Chen Zhuoxi said that today, with the increasingly close ties between Hong Kong and the Mainland, I hope that young people in Hong Kong will conform to the trend of the times and take the initiative to integrate into the overall situation of national development.

　　In Chen Yong’s view, since the 18th CPC National Congress, the Belt and Road Initiative and the construction of Guangdong-Hong Kong-Macao Greater Bay Area have created precious opportunities for Hong Kong to take off again, and Hong Kong should seize the opportunity to accelerate its development. "I hope that the country will introduce more development achievements in all aspects to Hong Kong, so that Hong Kong can better integrate into national development and continue to maintain prosperity."

　　Highlight institutional advantages

　　Chen Yong said that after Hong Kong’s return to the motherland, it shared the huge dividends of national development, which included the benefits of "one country" and the convenience of "two systems". Backed by the motherland, Hong Kong can play the role of a "super contact" through the Belt and Road Initiative and the construction of Greater Bay Area, and hopes to become a "super partner" and a "super participant".

　　Yu Guochun said that the state recently announced its support for Shenzhen’s construction of the Socialism with Chinese characteristics Pilot Demonstration Zone, which is of great benefit to Hong Kong, and is conducive to further promoting the construction of Guangdong-Hong Kong-Macao Greater Bay Area and promoting Hong Kong’s long-term development and prosperity and stability.

　　This year marks the 20th anniversary of Macao’s return to the motherland, and it is also the year when the Outline of Guangdong-Hong Kong-Macao Greater Bay Area Development Plan was promulgated. Liang Weite said that the country has now given Macao a clear positioning: a world tourism and leisure center and a service platform for business cooperation between China and Portuguese-speaking countries. This is also an important entry point for Macao to serve the country and give full play to its own strengths. The construction of Guangdong-Hong Kong-Macao Greater Bay Area is an important historical opportunity to promote the moderate and diversified development of Macao’s economy.

　　Xiao Zhiwei, president of the Macao Development Strategy Research Center, told reporters that Guangdong-Hong Kong-Macao Greater Bay Area has been written into the government work report for three consecutive years, reflecting that Greater Bay Area has been highly valued and concerned at the national level. "Greater Bay Area construction can promote ‘ One country, two systems ’ New practice has formed a new pattern of comprehensive opening up. " Xiao Zhiwei is full of expectation and confidence for the future development of Macao in the new era.

　　Cui Shiping believes that before the reunification, Macao actively cultivated people’s patriotic feelings and accumulated economic and social foundations. After the reunification, the strong vitality of "one country, two systems" has been demonstrated by meeting the needs of the country and giving full play to Macao’s strengths. He said that since the founding of New China 70 years ago, earth-shaking changes have taken place, and Macao people have become more and more patriotic and United. "Home and everything. If the country is good, Macao will be better. "

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

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

The road to listing is full of twists and turns

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

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

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

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

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

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

Multiple considerations behind the valuation of 50 billion yuan

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

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

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

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

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

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

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