No physical fitness, continue to open the field! China Volleyball Association issued the regulations for the 2021 National Volleyball Championship, in October, with Jiangmen for women volleyball and Z

On July 21st, China Volleyball Association issued the competition rules for the 2021 National Volleyball Championship, which are clear, and the competition will continue to be held in a closed and open court, and there is no physical fitness test link in the rules.
According to the competition rules, the 2021 National Men’s Volleyball Championship will be held in Zhangzhou Sports Training Base, Fujian Province from October 13th to 23rd, and the Women’s Volleyball Championship will be held in Jiangmen Sports Center, Guangdong Province from October 20th to 28th. In the first stage, according to the ranking order of the 2020 National Volleyball Championship, the teams were divided into two groups, A and B, and a single round robin was held in the group. In the second stage, the eight teams that won the top four in the first stage of the group competed in a cross-match, and then competed in the semi-finals and finals respectively. According to the ranking of last year’s championships, this year’s grouping is as follows:
Men’s grouping
Women’s grouping
In the competition rules, there is no physical fitness test link that appeared in the 2020 national volleyball championship, and there is no time reserved for physical fitness test in the schedule of the event, which also proves that the physical fitness test link will disappear from the national volleyball championship.
In the 2020 National Women’s Volleyball Championship held at the end of September and the beginning of October 2020, Tianjin women’s volleyball team defeated Shandong women’s volleyball team 3-1 in the final, and won the championship.
Source of this article: A new vision of sports
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Little pin, big dream, beach volleyball girl’s Olympic dream

As soon as she arrived in Tokyo, China women’s sand volleyball player Xue Chen posted a dynamic on her social media: "One of the favorite activities of the Olympic Games: collecting pin!"
A small PIN is not only Xue Chen’s own hobby, but also a testimony of her hard work in every Olympic Games.
This year’s Tokyo Olympic Games is the third Olympic Games that Xue Chen, who is 33 years old, has participated in. Before going to war, she set herself such a goal: "Beijing in 2008 and London in 2012 failed to realize their wishes, and I hope that I will not regret it in Tokyo this time."
33-year-old Xue Chen is the oldest and most experienced player in China sand volleyball, and also a star player in the world sand volleyball. She was not only selected as one of the top 100 FIVB stars in the past ten years, but also a member of the FIVB Athletes Committee.
However, these achievements still can’t stop Xue Chen from pursuing higher goals. In her view, the bronze medal in the Beijing Olympic Games and the fourth place in the London Olympic Games have some regrets, and she wanted to use the Rio Olympic Games in 2016 as the "final battle" of her career, but she failed because of injuries and surgery in 2015.
"The process of rehabilitation is to climb from the bottom of the valley. In this process, I will often fall into self-doubt. I was once ready to retire after the 2017 National Games. But I was still unwilling, so I finally chose to resume training in June 2018. Fortunately, the shoulders are still very face-saving, and my running-in with my new teammate Wang Xinxin has become more tacit because of the extra year. " Xue Chen said.
With this experience, the Tokyo Olympic Games naturally carried more dreams of Xue Chen: "This will be my last Olympic Games, I will enjoy the highest stage of competitive sports, and I will try my best to play every game with Wang Xinxin, leaving no regrets."
With this dream, Xue Chen and Wang Xinxin appeared on 25th. In the face of Eipl and alix, the top American teams ranked fifth in the world, the two girls from China dared to fight hard, but their strength was a little weaker. They lost 0-2 in the end and missed the opening of the group stage. The scores of the two games were 17-21 and 19-21.
Although we lost the first match, the close score is enough to show the good state of China’s team, and Xue Chen and Wang Xinxin still have a chance to advance. Next, at 15: 00 on July 27th, Beijing time, Xue Chen and Wang Xinxin will play against Kaiser and Mei Plinke, the Netherlands’ number one group and currently ranked 14th in the world.
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This year, I went to work for 251 days, two days more than last year.

Unconsciously, the 8-day Spring Festival holiday is coming to an end, and I have to go to work for 6 days in the first week after the holiday. After going to work on Sunday, February 18th, there will be another Monday. According to the Notice of General Office of the State Council on Some Holiday Arrangements in 2024, the holiday date of this year’s Spring Festival is: February 10th to 17th, with a total of 8 days. Go to work on February 4 (Sunday) and February 18 (Sunday). It is reported that the working day in 2023 is 249 days, and the working day in 2024 is 251 days. This year, I have to go to work for 2 days more than last year.

The first large-scale rain and snow countdown in 2020! It will snow in over 13 provinces, autonomous regions and municipalities

Attention! Attention! Attention!
Starting from the weekend (4th)
The first large-scale rain and snow in 2020 will kick off.
This process has a wide range and a large accumulated precipitation.
Long duration.
4-5 days,North-central Shaanxi, Shanxi and HebeiEqual place
There is little to medium snow or sleet.
North-central Shaanxi, South ShanxiThere is heavy snow locally.
6-7 days,South-central Shaanxi, South Shanxi
Northern Henan and southern ShandongEqual place
There will be heavy snow or sleet.
Huanghuai, Jianghuai and Jianghan will enter rainy mode.
Rain and snow arrival schedule
Put it away! See when you get off at home.
Rain and snow arrival schedule:
4th
Main areas: East of Southwest China, East of Northwest China to Jianghan, West of Huanghuai and West of North China.Key provinces:Central Shanxi, eastern Ningxia, western Inner Mongolia, south-central ShanxiThere may be moderate to heavy snow in the area, and there may be heavy snow in some areas.
5th
Main areas: the eastern part of northwest China to North China and its southern part to the Yangtze River.Key provinces:North-central Shanxi, Shanxi, western Hebei, northwestern HenanThere may be medium snow and local heavy snow in the area.
6th
Main areas: areas along the middle and lower reaches of the Yellow River to the middle and lower reaches of the Yangtze River.Key provinces:Central and southern Shaanxi, southwestern Shanxi, western Henan, northwestern Shandong, and western HubeiThere will be snowfall in the area, and there will be heavy snow and local snowstorms in high altitude areas in southwestern Shaanxi, southwestern Shanxi and western Hubei.
7th
Main areas: southern Huanghuai, Jianghuai and northern Jiangnan.Key provinces:Eastern Henan, south-central ShandongThere may be snowfall in the area, and it is not excluded that there may be heavy snow to blizzard in some areas.
In some cities in the north
Due to the recent high temperature
This round of rain and snow is a bit "skin"
Some rain first and then turn to snow.
Some may have rain, sleet and ice particles.
Xi’an: From the afternoon of the 4th to the 7th, it turned to sleet at night on the 5th.ZhengzhouLate at night on the 4th → evening on the 7th, there may be rain, sleet and ice particles, etc. The most likely time for sleet is the daytime on the 5th and the early morning to the morning on the 7th.JinanDuring the day on the 5th → at night on the 7th, sleet will start to turn around the early morning of the 7th.Beijing: 5 th night →6 th morning, XiaoxueShijiazhuang: the morning of 5th → the night of 5th, in the snow.
It’s snowing in the north, and it’s mainly raining in the south.
Hubei, southern Henan, northern Anhui and northern Jiangsu
Eastern Chongqing and western YunnanThere is moderate to heavy rain in other places.
Due to the long time limit of forecast
The public should also pay attention to the upcoming forecast.
The rain and snow lasted for a long time this time.
Shaanxi, Shanxi, Henan and Shandong provinces.
It is necessary to guard against the influence of rain and snow on aviation and road traffic.
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"Sports Lottery, New Spring, Longteng and Good Luck" opens in Shandong.

Recently, the theme activities of the Chinese sports lottery "Sports Lottery in New Spring, Longteng Good Luck" were opened in Weifang, Jinan, Liaocheng and other places, which sent blessings and good luck to Shandong citizens in the New Year of the Dragon and let everyone feel the festive atmosphere in advance.

The brand promotion activity of "Sports Lottery New Spring Longteng Good Luck" was held in Weifang Taihuacheng Holiday Plaza a few days ago. This activity fully demonstrated the brand strength of public welfare sports lottery through comprehensive experience forms such as "exhibition, performance, play and competition". On the day of the event, the citizens who came to Weifang Taihuacheng Holiday Plaza were pleasantly surprised to find that the holiday hall had a new look overnight and entered the festive "Longmen" to the "Sports Lottery New Spring" activity area, as if they were in a paradise. Different theme zones are set up at the scene, including not only the big screen stage, the wishing tree for the Spring Festival, the photo punching box, the good luck red envelope wall, but also the public welfare flip wall, the "Happy Five Knows" of the responsible sports lottery, the easel of the Asian Cup rational lottery board, etc., to show the use direction of the sports lottery public welfare fund and the concept of responsible lottery, and the knowledge of rational lottery for popular science, so that the public can fully feel the public welfare attribute and brand culture of sports lottery.

The wonderful live performance of the national tide attracted many viewers to stop and watch. The enthusiastic and energetic flash program performance kicked off in "Encouragement of the Prosperous Age". The singer sang popular songs such as "Broad Sky" and "Red Sun", and the wonderful magic performance brought by the female magician made everyone feel the magic charm at close range. Dancers with fluttering sleeves brought the classical elegance that has passed through thousands of years with a song "Jing Hong Dance", which surprised the eyes of the audience, and then they used a costume version of the popular dance "Subject III" to make everyone stunned.

A sports lottery top scratch experience zone was set up at the event site, and a variety of theme tickets such as "Long Xing Universiade", "Happy New Year to Xianglong" and "Happy New Year" brought a strong New Year atmosphere, and the audience experienced the fun of scratching prizes on the spot and helped public welfare. In the exhibition areas of non-legacy paper-cuts, Weifang kites and other special folk culture, non-genetic inheritors personally cut out lifelike "Le Xiaoxing" paper-cuts and gave them to the audience at the scene, which was loved by many young people. In front of Weifang’s special kite booth, there are not only customized kites in Le Xiaoxing’s version, but also children can paint colorful kites on the spot to make a kite with childlike innocence and commemorative significance. The Chinese New Year wishing tree in the atrium is covered with wishing cards, such as "Going ashore for the 2024 college entrance examination", "Wishing the family peace, happiness and success" and "being together forever" … Young people write down their New Year wishes on the wishing cards and place a wonderful New Year dream on them. In front of the photo punching box at the scene, the girls and boys held placards and took photos with hands such as "Long Xing Universiade" and "Step by Step Promotion" to convey New Year greetings.

During the activity, the host called the masses to participate in interactive games such as "football shooting", "passing balloons overhead" and prize-winning questions and answers, and won exquisite small gifts such as red envelopes, lanterns and origami. At the event site, Le Xiaoxing, the mascot of sports lottery, also interacted with everyone with different images, including a large statue of Le Xiaoxing at the Longmen, a doll of Le Xiaoxing who walked around and interacted with everyone, a kite of Le Xiaoxing, a paper-cut of Le Xiaoxing, etc. The super cute and lovely image was loved by everyone, which also made everyone experience the fun of sports lottery in all directions.

In Jinan, the theme activity of "Sports Lottery in New Spring, Longteng Good Luck" was recently launched in Sunacmao, Daming Lake and Gaoxin Wanda Sports Lottery Store. Fun interactive games and prize-winning question-and-answer sessions were set up at the event site. In the game, everyone experienced the joy of moving, and laughter continued. Everyone actively participated in the prize-winning question and answer session and won a surprise gift. Le Xiaoxing became a "group pet" at the scene, and everyone rushed to take pictures with it, leaving many wonderful moments. Through the explanation of the host, everyone also learned about the public welfare attribute and the concept of responsible lottery in China. The citizens experienced the top-scraping and lotto games on the spot. Ms. Zhang said: "This’ red envelope is coming’ is particularly festive. I buy some every year. I can’t miss such wonderful activities today. " There are also many "lottery fans" who bet on the spot to support public welfare undertakings, and look forward to realizing their little dreams with the help of lotto in the New Year. In Liaocheng, a sports lottery exhibition experience center was opened in Gaotang Fortune Plaza, and the brand promotion activities of "Sports Lottery New Spring Longteng Good Luck" were launched simultaneously. Accompanied by dynamic music, the event kicked off. The explosive dance attracted a large number of young people to stop and watch. The fashionable and interesting New Year theme photo punching box was deeply loved by the public, and everyone took photos as a souvenir, adding a new year atmosphere to the upcoming Spring Festival. While enjoying the dynamic dance, the on-site citizens also actively participated in the quiz of sports lottery knowledge and won exquisite gifts. At the event, a "wishing card" was also prepared for every citizen. In the new year, I wrote down my good wishes and hung them onOn the "wishing tree", I record my beautiful thoughts on life and look forward to a good fortune in the New Year.

Spring in the snow believes that everything is sprouting, and the Year of the Dragon will be lucky before starting. Next, Shandong Sports Lottery will also convey the concept of public welfare and responsibility to the public in a more colorful form, show the public welfare image of fashion and warm sunshine, continue to contribute to the development of social public welfare undertakings and sports undertakings, and add color to the people’s better life. (From January 30th, China Sports Daily, 08 edition) 

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97,000 real estate enterprises’ transformation "the second half" financial model transformation to reduce debt into a starting point.

  Huang Qifan believes that the huge annual real estate transaction volume of 16 trillion to 17 trillion will surely become a historical turning point, and the future market will gradually shrink.

  About 97,000 real estate enterprises are gradually entering the deep-water period of transformation. With the implementation of measures such as deleveraging and stabilizing finance, China’s real estate sector will enter the "second half" era of stock management.

  "Overall, the era of China’s real estate in short supply is over." Huang Qifan, vice chairman of China International Economic Exchange Center, said at the World Chinese Real Estate Society held on July 13th, "The huge annual transaction volume of real estate in China is bound to become a historical turning point, and the market will gradually shrink in the future; Therefore, in the next decade, I predict that the real estate growth rate will not be higher than China’s GDP and M2 growth rate, but it will not fall too fast and will enter a stage of steady growth in an all-round way. "

  How should real estate enterprises with an average debt of more than 80% go into battle lightly? "Learning from the experience of developed countries, in fact, financial transformation is also crucial for housing enterprises." Wang He, secretary-general of the World Chinese Real Estate Society, said, "The transformation of real estate enterprises should start from the financial field, such as REITs (real estate trust and investment funds) to reduce the burden on enterprises."

  At present, nearly 100,000 real estate enterprises registered in industrial and commercial registration have become the epitome of China’s real estate development in the first half.

  According to Gao Bo, director of the Center for Urban and Real Estate Research of Nanjing University, the development of real estate has contributed to GDP, promoted the process of urbanization, promoted land finance and housing finance, and reduced financial risks. Only by taking the modernization of the housing system as a prerequisite can the real estate industry really do it.

  For example, in 2018, the added value of the real estate industry in the United States accounted for about 13.2% of GDP. In the first three quarters of the same year, the added value of real estate in China was about 4.36 trillion, accounting for 6.69% of GDP.

  There is no doubt about this step of transformation. How to turn? Many experts in the research field believe that on the one hand, it is necessary to shift from extensive expansion strategy to refined operation, on the other hand, enterprises need to fundamentally change their financial model.

  "The transformation of real estate enterprises should pay attention to ‘ Lianggao ’ That is, high quality and high technology. " Jia Shenghua, director of the Real Estate Research Center of Zhejiang University, said, "High quality means that housing enterprises should return to their final purpose of residence, not quantitative expansion; High technology means that more technical means need to be integrated into the development and management of houses. "

  "REITs are like an IPO of an office building, and the share can be transferred, traded and distributed." Hu Feng, a senior director of dtz and head of the North China District Valuation and Consulting Service Department, told the First Financial Reporter, "It is equivalent to sharing this building. If you buy a share, you can enjoy the benefits of the share. This share can be transferred and transferred, so the assets will flow."

  According to the First Financial Reporter, Ping An Real Estate, Poly Real Estate, Xuhui and Longhu have also stepped in since CITIC, the first private equity REITs in China, was launched in May 2014. According to the data of Industrial Securities, as of May 12 this year, 48 REITs have been issued in China, with a total amount of 93.42 billion yuan.

  The REITs research group of Guanghua School of Management, Peking University estimates that the market size of REITs in China is about 4 trillion to 12 trillion.

  Liu Qiao, dean of Guanghua School of Management, Peking University and professor of finance, believes that REITs will probably become one of the most important starting points for China’s financial system reform or supply-side reform in the next few years.

  Liu Qiao also wrote in CBN that REITs are not limited to real estate. At present, the problem of financing difficulty and high cost for enterprises in China, especially private enterprises, has been very prominent. The introduction of REITs is conducive to reducing systemic financial risks and promoting the development of real estate industry and upstream and downstream industries.

  "If the capital operation in previous years was to borrow money to get land, then in the second half of the stock management era, we must calm down and operate our assets well." Chen Xiaoou, independent director of Yuexiu Real Estate Trust, told the reporter, "We are providing asset management services for Chengdu Luhu Eco-city, such as business format and asset sorting, and later asset securitization."

  In the era of stock management, in addition to residential real estate, building economy will also become an important carrier to adjust industrial structure.

  According to Zhu Jianhui, head of the research department of Jones Lang LaSalle in West China, "At present, the building economy is also operating under the dual-track background of urbanization and urban renewal; We also found two characteristics: first, the demand side of building transformation mostly comes from technology-driven enterprises such as we work and incubation centers; Second, real estate buildings such as Joy City began to build amusement parks, maternal and child rooms, etc., paying more attention to the humanistic value brought to consumers. "

  The quality transformation of housing enterprises under the empowerment of many technologies has gradually landed nationwide. In other words, housing enterprises really began to bid farewell to the extensive and expansive development model in the past, focusing on social services that are people-oriented and meet domestic demand.

  How does technology drive the development of cities and real estate? According to Wang Yeqiang, director of the Land Economy and Real Estate Research Office of the Institute of Urban Development and Environment of China Academy of Social Sciences, on the one hand, smart cities should be built through technologies such as the Internet of Things, cloud computing and big data to meet the needs of residents’ production and life; On the one hand, infrastructure and industrial informatization should be highly developed.

  Some large real estate enterprises are integrating big data and Internet of Things into residential management and services.

  Wu Zhihua, CEO of Greentown Service Group, said, "Take a certain community as an example, the proportion of elderly people over 60 years old is 10.98%, and the proportion of second children in the community is higher than the national average; Through this kind of analysis, we have laid out the services of children’s education, nutrition and rehabilitation for the elderly in the community. At present, 130,000 people have established health records on our platform, and 400,000 elderly users are enjoying paid chronic disease management services.

  Small and medium-sized housing enterprises choose to cut in from low energy consumption and green ecological technology. "The core of real estate is still the residential industry, and this cannot be lost. The reason is that it can develop rapidly and standardize, and because it has a large market consumer group and belongs to popular products, it has strong anti-risk ability. " Li Biao, chairman of yueda Real Estate Group Co., Ltd. said, "In addition to paying attention to building quality, scientific research and development is also our strength."

  Previously, Jinmaofu attracted much attention in the industry because it proposed 12 black technologies (to meet residents’ comprehensive household needs such as air, temperature, humidity and noise), and the average price of its housing in Hongkou, Shanghai New Town was about 102,000/square meter.

  "We already have the 12 major scientific and technological systems of Jinmaofu, and we have a clear understanding of ourselves, that is, to be an expert in quality life operation." Li Biao told the First Financial Reporter, "In addition to residential technology research and development, looking further, we are developing projects around the Yangtze River Delta urban agglomerations (such as Suzhou, Nantong and Yancheng)."

  Some real estate big data companies have already quietly laid out. "According to more than 50 major industries involved in real estate, we divided the data into eight thematic directions, including transaction end, residential security end and residential service end." Yan Zhimin, chairman of Hangzhou Zhongfang Information Technology Co., Ltd. told the First Financial Reporter.

  "For example, in Fuyang, which is more than 20 kilometers away from Hangzhou, the price of a parking space in a certain community reached 800,000, but the house price in the community was around 10,000. At that time, the people and the media were very controversial; Therefore, we assisted the government to make a data analysis and look at the reasonable reasons according to the floor price and market environment. In the future, data-based disaster reduction, shock absorption, escape, etc. will be used to ensure residential safety. " Yan Zhimin added.

Wang Zhiwei: He solved the problem of baffling foreign automobile experts in two hours.

one

Zhiwei Wang

CCTV News:"A simple and beautiful" car dream "will always shine in my heart: it is because I love cars and Beijing cars that I have persisted for more than ten years, and I will continue to do it with my life." The man who said this is Wang Zhiwei, a senior technician in a Beijing automobile factory. Although he is only 37 years old, Wang Zhiwei already holds many titles, such as Beijing’s senior industrial technical expert, winner of the National May 1st Labor Medal, and "youth post expert" in the national automobile industry.

Wang Zhiwei, a native of Shunyi, Beijing, likes playing with machinery since he was a child. After graduating from junior high school, Wang Zhiwei was admitted to Beijing Automotive Industry School to study in a technical secondary school. After graduating from technical secondary school, he went to a car company in Beijing and worked in the assembly workshop.

Automobile assembly and adjustment workers need to assemble and debug tens of thousands of parts to ensure that every screw and every wire are accurate, so that the automobile can run normally. However, one of the wires is out of order, which is often difficult to detect. After years of exploration, Wang Zhiwei has summed up a set of unique vehicle circuit system adjustment and detection technology and troubleshooting methods, which can quickly detect and eliminate faults.

From a junior worker to a senior technician, the average person needs more than ten years, and he has completed five consecutive technical jumps in one competition. After the introduction of new models, he solved technical problems that foreign technical support experts could not solve, and he solved them in two hours.

"I work as an assembler on the production line. Go to work at 8 o’clock every morning and get off work at 8 o’clock or even 10 o’clock in the evening. The hardest thing is that in 2003, as an operator on the production line, I couldn’t see the future, and my thoughts fluctuated at that time. " Wang Zhiwei said.

However, the turnaround also occurred that year, and the production capacity of the car factory was expanded from 50,000 to 150,000. At this time, the workshop maintenance team recruits people, and the new team is responsible for maintaining the new car that has just rolled off the assembly line. It has high technical content and needs an exam to enter. Wang Zhiwei, 23, and hundreds of employees signed up for the exam, and finally won the top 6, and successfully entered the maintenance team.

Subsequently, Wang Zhiwei started the learning hegemony mode of day and night, and he held a large pile of circuit system adjustment detection methods and troubleshooting methods of various models, which became a "big hand" for everyone in the maintenance team.

one

Wang Zhiwei at work (right)

After obtaining the certificate of senior technician, Wang Zhiwei began to take apprentices. Newcomers are just graduates, without any experience, and need to be taught by hand. "I have a low education and I have to teach others, so I have to improve my theoretical study. Many times, I am learning and selling now." Wang Zhiwei said, "All say ‘ Church apprentice, starving master ’ But in my opinion, this is not a problem. When bringing new people, I will tell them which operations are correct and which are incorrect, where to start, and which level of knowledge to learn. "

In order to improve the professional quality of the whole staff in the workshop, Wang Zhiwei not only took full responsibility for the technical training of the assembly workshop, but also launched the "E2E Weekly Technical Promotion" for engineers to learn and improve, and the "Zhiwei Lecture Hall" for technical personnel training, which taught automobile theoretical knowledge and assembly skills, and trained more than 4,000 employees successively, and trained 7 skilled automobile electrical maintenance workers, of whom 25 grew up to be technicians under their guidance, and two became senior technicians.

One year, a certain model of the eighth generation could not be started after it was first rolled off the production line, and the technical support from South Korea could not solve the problem, so they called Wang Zhiwei to come over by name. After Wang Zhiwei went over, he used the unique vehicle circuit system to adjust the detection technology and troubleshooting methods, and solved the problem in two hours.

Since joining the work, Wang Zhiwei has solved more than 120 technical problems in production, including 27 outstanding innovations, 11 utility model patents and more than 300 production improvement projects.

In 2009, the company established the "Wang Zhiwei Chief Technician Studio" while continuously achieving various technological innovations. In the innovation studio, Wang Zhiwei mainly focuses on the improvement of tools and techniques, the cultivation of talents, the proposal of economic and technological innovation, and the improvement of achievements. Wang Zhiwei led the studio members to put forward more than 160 improvement measures in the company’s "two investments and one mention" project, saving nearly 7.4 million yuan.

After years of persistence and forging, "Wang Zhiwei Chief Technician Studio" has developed and trained a large number of outstanding young technicians. These young technicians have now become builders of various factories, and continue to influence and drive a new group of technical youth. (Source: Zhonggong. com)

Stock (1): What do you buy when you buy stocks?

Hello, my name is Peking University Xu Yuan, and welcome to my investment class.

Today we enter the second part of the course, the investment tools part. In this part, I will explain to you the basic nature of investment tools, including stocks, bonds, funds, real estate, gold and so on. For example, these are 18 kinds of weapons in the martial arts field. After understanding the basic properties of these weapons, we can choose the weapons that we can take advantage of.

As the saying goes, "If you want to do a good job, you must sharpen your tools first." Without understanding the nature of these tools, you are like a tiger without teeth, and you will be very passive in the arena of investment.

Today is the first lecture on investment tools. We begin to talk about one of the most common and important tools, namely stocks. Regarding stocks, we focus on six issues.

First, when we buy stocks, what are we buying? In particular, some companies are not profitable at all, let alone paying dividends. Why are they still worth so much money? How exactly is this priced?

Second, how to judge the stock price? Some stocks are very cheap, can you buy them? Some stocks have high unit prices, why do they go up all the way? How to judge?

Third, there are so many stocks in the market, how to quickly grasp the market situation?

Fourth, how is the stock price determined? What are the different factors?

Fifth, do A shares earn money? If you don’t make money, why are so many people playing in it?

Sixth, what kind of stocks have high returns?

Let’s look at the first question first. What do we buy when we buy stocks? In particular, some companies on the A-share market are not profitable, and there is no dividend. Why are they still so expensive? In order to clarify this problem, I divide stocks into two categories, dividend-paying and non-dividend-paying

Dividend-paying stocks have a relatively simple principle. We buy a stock because we are optimistic about the cash flow that this stock can bring.For example, if you spend 10 yuan on a stock and pay a dividend of 1 yuan a year, after ten years, you will return to your capital (for simplicity, discount is not considered here), and all dividends in the future will be profits.

If you divide it into 50 cents a year and pay it back in 20 years, all future dividends will be profits. At this time, you spent 10 yuan to buy it, which is all future dividends.

You may say, where is the company giving such a high dividend rate now? Actually, it’s not. You can have a look at Table 1. Table 1 shows the distribution of dividend rate of A-share listed companies from 2016 to 2018. As you can see, the average dividend rate of listed companies is over 30%, which is not low.

This is not the most exaggerated. The 10% companies with the most dividends have a dividend rate of over 60%. At present, there are more than 3,000 listed companies in A-shares, of which more than 300 have a dividend rate of over 60%. Therefore, the statement that A shares do not pay dividends is not consistent with the real data.

Table 1: Dividend rate of A-share listed companies (2016-2018,%)

Note: Before calculating the dividend rate, companies with negative net profit in this year are excluded, and the dividend rate is equal to the total annual dividend of the company divided by the annual net profit attributable to shareholders of the parent company.

As of the production date of this table (November 2019), the dividend data for 2019 has not been published, so the data from 2016 to 2018 are used. Source: Wind information.

In fact, what you need to pay attention to is not the companies that don’t pay dividends, but the dividend rate of some companies is too high, which is a bit abnormal. You need to see what is going on. In order to illustrate this situation, we have specially compiled Table 2 and listed the companies with the highest dividend rate in recent years.

When sorting out Table 2, we made a screening and only considered large and medium-sized companies with positive profits and large market value of more than 10 billion. The data of small and micro enterprises fluctuates greatly, so we will not consider it for the time being.

Table 2: Top 30 Dividend Rates of Companies with Market Value of Over 10 Billion (2016-2018,%)

Note: The data comes from Wind. Before calculating the dividend rate, the companies with negative net profit for the year and companies with a total market value of less than 10 billion at the end of the year were excluded.

If you look at Table 2, many companies have a high dividend rate, and some companies even have a dividend rate of more than 100%, that is, dividends exceed profits. Why is this happening? To sum up, there are probably three possible reasons.

In the first case, the company has little temporary profit, but in order to maintain the stability of dividends, it still maintains a consistent dividend level. In this case, even if there is a temporary shortage of cash, the operation is still stable, so paying more dividends is to show the market that everything is under control and there is no need to panic.

China Petroleum, for example, has done such a thing. Due to lower oil and gas prices, its net profit in 2016 dropped by nearly 80% compared with that in 2015.

However, in order to maintain a steady dividend, China Petroleum used the retained undistributed profits of previous years to pay dividends in 2016, and the dividend rate reached 137.43%. By 2018, the company’s profits have improved, the denominator has become larger, and the dividend rate has fallen.

Purchase column to unlock the remaining 70%
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The snowy season brings you the most complete skiing vocabulary.

The snowy season brings you the most complete skiing vocabulary.

After entering the winter, everyone began to look forward to snow, so that we can have fun and run wild in the snow. Of course, people who like outdoor sports are ready to go skiing in the surrounding snow fields. We have won the bid for the 2022 Winter Olympics, and the winter events are not practiced quickly! Not ready for actual combat? Let’s start by learning related vocabulary.

Skiing types skiing classification

Snowboarding snowboarding

Cross-country skiing cross-country skiing

Alpine Skiing alpine skiing

Nordic skiing nordic skiing (cross-country skiing with the heel not fixed on the snowboard)

Ski jumping ski jumping

Freestyle skiing freestyle skiing (no fixed snow slot)

Classical skiing traditional skiing (fixed snow slot)

Downslope skiing mountain skiing

Military skiing (used as a means of transportation in the military)

Kite skiing kite traction skiing (a form of skiing pulled or carried by a paraglider, glider or kite)

Backcountry skiing wilderness skiing (refers to skiing in uninhabited rural areas without put in order and marked snow slopes or trails)

 

The snowy season brings you the most complete skiing vocabulary.

Skiing equipments ski equipment

Ski snowboard

Snowboard snowboard

Tipped ski board head

Tailed ski plate tail

Ski break skid stop

Ski pole ski pole

Ski wear ski suit

Tapering trousers Ski Pants

Ski boots ski boots

Snow training shoes cold-proof sneakers

Binding fixer

Thermos thermos kettle

Snow cap snow hat

Gloves gloves

Ski glasses/goggle ski glasses

Helmet helmet

Kneepad knee pads

Plush earmuffs plush earmuffs

Band-Aid/plaster band-aid

 

The snowy season brings you the most complete skiing vocabulary.

Skiing moves skiing action

Pole planting stick (when turning, the snowball fights lightly on the inner curved side snow trail)

Short radius turn short radius turn

Giant slalom turn(G.S turn)

Parallel turn and leg turn (parallel turn)

Snow plough Plough Brake (two skis with their tails facing outwards, so that the skis form a figure of eight).

Airplane turn air turn

Stem christie braked the turn (pushed the tail end of the inner side plate outward and slid along the snow surface to make it change from a position parallel to the outer side plate into a V-shape).

 

The snowy season brings you the most complete skiing vocabulary.

Skiing facilities ski resort facilities

Ticket Office ticket office

Ski resort ski resort

Track track

Ski slopes/runs/piste slide

The primary/elementary ski slopes/runs/bunny slope primary road

The intermediate Ski slopes/runs intermediate road

The high-class/high-level/high-grade ski slopes/runs advanced road

Snowmaking machine/snowmaker snow maker

Bombardier snow press

Cableway cableway

Drinking Station drinking station

Shuttle Bus shuttle bus

Ski equipment hall snow gear hall

The distance between … spacing

The cable car gondola lift cable car

Chairlift cable car

Oxygen bar oxygen bar

Snow entertainment snow play area

Snow entertainment area for children children’s snow amusement park

Entertainment facilities entertainment facilities

Ski area ski area

Skiing show ski show

 

Ski area conditions natural conditions of snow field

Slope gradient

Temperature temperature

Humidity humidity

Altitude altitude

The slope orientation faces upwards.

Natural resources natural resources

Sunlight sunshine

Local climate local climate

Transport capacity/ability capacity

Go to the next page to see skiing tips and spoken language.

Six real "Chinese-style" original ecological beauties are a lot of popular actresses.

foreword

In this era of looking at faces, "Yan value is justice" has become the consensus of the public.

However, the true beauty connotation goes far beyond the proportion of the five senses, and more importantly, it contains the soul power.

Let’s take a look at these truly stunning beauties. Do they have enough charm to convince the world?

True love at first sight, does Zhou Yun’s shining light come from Jiang Wen?

In 2002, a film called Heroes of Heaven and Earth was under intense shooting.

Zhou Yun, a girl who is still in college, came to the set and met the director Jiang Wen here.

Jiang Wen has been a veteran director for many years, while Zhou Yun is just a newcomer who has just set foot in the entertainment industry.

However, this time the encounter, but in the fate of the two people painted a heavy color.

In order to perform the role perfectly, Zhou Yun resolutely shaved off his thick black hair and polished his head.

Despite losing the embellishment of her hair, her temperament has not diminished at all, but has added a touch of skill and tenacity.

In the interval between filming, Jiang Wen often looks at Zhou Yun approvingly, with appreciation in his eyes.

And Zhou Yun will return shyly with a bright smile.

In 2005, the two formally entered the marriage hall.

Originally, people may think that the combination of the older director and Hua Dan Jr. is a little abrupt, but their feelings are like old wine, and the longer they get, the more mellow they become, which makes people want to bless.

In many films directed by Jiang Wen later, Zhou Yun appeared and successfully created female characters with different personalities.

Whether it’s the brave true nature in One Step Away, the witty blood in Let the Bullets Fly, or the free and easy pride in Evil Doesn’t Suppress Righteousness, Zhou Yun perfectly presents himself in different aspects.

Jiang Wen seems to be showing the multiple charms of Zhou Yun in his heart to the audience through focus plane.

He used the beauty of art to carve the beauty of love.

Ye Jihong, the first supermodel in China, proved her unique charm with her strength.

In 1980s, a legendary supermodel was born in the modeling field of China, and she was Ye Jihong.

Unlike porn stars in Hong Kong and Taiwan, Ye Jihong is not eye-catching by her stunning style.

Her beauty is more like a deep pool, calm and not thrilling, but can firmly grasp your eyes.

Ye Jihong knew that true charm does not need external decoration, but internal temperament.

Therefore, she attracted the attention of countless fans with her unique temperament.

Michele Monique Reis, a Hong Kong elder sister who competed with Ye Jihong, once made her feel inferior.

Michele Monique Reis’s popularity is higher and its appearance is more eye-catching.

However, Ye Jihong did not flinch, but proved his unique charm with his own strength.

Under the artist Chen Yifei’s pen, Ye Jihong seems to have a thousand words in his eyes.

She got rid of the bondage of commercial packaging and showed an extraordinary temperament.

Ye Jihong used her magnetic aura to tell the world that true beauty does not need the approval of others, but it has its own aura.

Perhaps it is this leisurely temperament that makes her a classic that cannot be copied.

Zhu Lin, the rare king of the daughter country in Journey to the West, perfectly interprets complex character with acting skills.

In 1986, the shooting of the classic The Journey to the West was in full swing.

Among many roles, the most troublesome one is the candidate for the role of king of the daughter country.

This role needs to have both the majesty of the king and the charm of women, both atmospheric and lively and amiable.

Such a complicated person was hardly found among the actors at that time.

After interviewing thousands of actors, director Yang Jie finally took a fancy to a very young actor-Zhu Lin.

Although Zhu Lin is still young, her understanding of this role is eye-catching.

Through her interpretation, the audience saw not only a touching beauty, but also a flesh-and-blood three-dimensional life.

In her rich facial expressions, she is sometimes filled with love and sometimes with sadness, which shows the inner struggle of the king of her daughter country to the fullest.

Even in the scene of confrontation with Tang Priest, she didn’t use the exaggeration that ordinary villains would use.

On the contrary, through subtle expression management, this female character has maintained her unique charm.

With his keen insight and excellent acting skills, Zhu Lin perfectly interpreted this extremely difficult role and made it lifelike.

Perhaps, it is this control of the details of the role that has made her brilliant on the road of acting.

Chen Hong, the first beauty in mainland China, conquered the difficult Hong Kong art circle with her strength.

The 1980s was the golden age of Hong Kong films.

However, for mainland actors, this fertile land of art is not friendly.

It was in such a difficult environment that Chen Hong made his mark.

She conquered many Hong Kong audiences with her unique temperament and solid acting skills, and was praised as "the first beauty in mainland China".

Chen Hong has a small square face, unlike the traditional beauty.

However, it is this asymmetrical facial line that increases her three-dimensional sense and aura.

When director Chen Kaige first met Chen Hong, she was deeply shocked by her face like an oil painting.

Although it is not a melon face, it is also beautiful.

Chen Hong is 51 years old, but she still has girlish skin.

The traces left by years on her face only made her beauty more precipitated.

Perhaps this is the unforgettable charm of Chen Hong.

With her own efforts and strength, she opened up a world of her own in a severe environment, and this spirit cannot be eroded by time.

A smile warms people’s hearts like spring breeze, and Gao Yuanyuan influences every role with sincerity.

"Mark Chao, it’s bitter to take revenge on your wife!" The heroine of this sentence is Gao Yuanyuan, who is known as "laughing like spring".

In 1997, Gao Yuanyuan entered the show business at the age of 18.

Although she is still a little childish, her unique temperament is already in the bud.

With big eyes, high nose and oval face, the proportion of Gao Yuanyuan’s five senses is perfect.

When she smiles, the whole person radiates dazzling light.

In 2014, Gao Yuanyuan returned to the public eye.

What remains unchanged is her bright smile, but what changes is the faint maternal aura revealed in the smile.

Gao Yuanyuan is not only outstanding in appearance, but also excellent in acting.

Whether it is the villain in "Eternal Dragon Slayer" or the warm-hearted girl in "Mala Tang Girl", she can infect every character with her sincerity.

Perhaps this is the real secret that she can touch the hearts of the audience.

Gao Yuanyuan endowed each character with the agility of life with his pure soul strength.

Lin Fangbing, who plays the legendary role of Yang Guifei, shows the beauty of women with her plump figure.

In the hit drama The Legend of Yang Guifei, Lin Fangbing, who successfully played the role of Yang Guifei, was deeply loved by the audience.

For this role, Lin Fangbing gained 30 Jin, reaching the highest weight in his life.

However, the plump figure did not affect her charm, but added charm.

As an excellent actor, Lin Fangbing not only presents Yang Guifei’s noble temperament in appearance, but also depicts Yang Guifei’s inner waves through subtle expressions.

In particular, her every move reveals charming amorous feelings and successfully completes the transformation from modern women to Yang Guifei.

In this play, Lin Fangbing shows the colorful life of this legendary woman with her rich acting skills.

With her understanding and expressive force of the role, she vividly showed Yang Guifei, a historical figure, to the audience.

Because of this, Lin Fangbing won the honor of best actress in the 11th Golden Eagle Award.

This is not only an affirmation of her acting skills, but also represents that the beauty of all plump women deserves attention and praise.

tag

So, what is true beauty? Perhaps the external appearance is just the entrance, and what really convinces people is the inner soul power.

If a person has these beautiful qualities of tenacity, wisdom and sincerity, he can shine brilliantly.

We should use our inner eyes to discover the true beauty of the world.