[Autohome Qingdao Discount Promotion Channel] brings you the latest hot news, this luxury SUV model is being promoted in the Qingdao market with eye-catching discounts. At present, buyers of Cadillac XT5 can enjoy up to 130,000 cash profit, which means that the minimum selling price has been reduced to 242,700, which is very attractive. This discount range is not to be missed. Friends who want to know more details or strive for higher discounts, please be sure to click on the "Check the car price" option in the quotation form to seize this car purchase opportunity.

With its unique design aesthetic, the Cadillac XT5 exudes a strong sense of movement and luxury. The front face features the family’s iconic shield-shaped air intake grille, and with sharp LED headlights, it is very recognizable like the open tusks of a beast. The body lines are smooth, and the overall style is both powerful and elegant, which reflects both sporty performance and the refinement of a luxury sedan. Every detail highlights the extraordinary quality of the XT5 as a luxury SUV.

The Cadillac XT5, with its unique design aesthetic, outlines a refined side profile. Reaching a length of 4,813mm, a width of 1,903mm and a modest height of 1,682mm, the body presents elegant proportions. With a wheelbase of 2,857mm, it provides the vehicle with generous interior space and stable driving performance. The front and rear wheels are both 1,645mm, ensuring good balance and stability. The tire specification is 235/65 R18, and it is paired with a delicate wheel rim design, which not only enhances the look of mobility, but also provides good grip and driving comfort.

The interior design of Cadillac XT5 adheres to the perfect fusion of luxury and technology, providing passengers with a comfortable driving experience with exquisite craftsmanship and humanized layout. In the spacious interior space, the steering wheel is made of leather, which is not only delicate to the touch, but also equipped with manual up and down + front and rear adjustment functions to ensure the best operating angle for the driver. The center console is equipped with an 8-inch high definition touch screen, which integrates multimedia systems, navigation and telephones and other functions to easily meet the needs of drivers. In terms of seats, imitation leather and leather materials are used to provide good support and touch. The main and passenger seats support front and rear adjustment, backrest adjustment, high and low adjustment and waist support. The driver’s position also has an electric memory function to ensure long-term driving comfort. The second row of seats also supports front and rear adjustment and backrest adjustment, and has a proportional reclining function, providing flexible space utilization for passengers and cargo.

The Cadillac XT5 is powered by a powerful 2.0T turbocharged engine with a maximum power of 174 kilowatts and a corresponding maximum torque of 350 Nm. The engine has 237 horsepower output, providing abundant power support for the vehicle. With a 9-speed automatic transmission, the XT5 can provide a smooth and efficient gear shifting experience during driving.

To sum up, the Autohome owner is full of praise for the exterior design of the Cadillac XT5, considering it atmospheric and sporty, which undoubtedly adds a unique charm to his driving experience. This attention to design details makes the XT5 stand out among many competitors and become an ideal car in his mind.

1905 movie network news On September 26, the 32nd Tokyo International Film Festival announced the nominations, and the Chinese-language film "Under the White Clouds" directed by Wang Rui was selected from 1,804 works and was shortlisted for the main competition. In addition, "Summer Night Knight" starring Guo Fucheng and starring Huang Lu, and the new film "Baby Revenge" directed by screenwriter Lu Yixin, three Chinese films will compete with five other works in the Asian Future Competition.

"Under the White Clouds," directed by Wang Rui, a professor at the Beijing Film Academy, and starring Jiri Mutu and Tana, with actors such as Tu Men and Alia also contributing splendid performances, tells the story of the plight of an ordinary Mongolian herdsman couple due to their different pursuits in life. It is worth mentioning that "Under the White Clouds" is the only Chinese-language film shortlisted for the main competition of this year’s Tokyo Film Festival.

"Mai Passerby" stills

Produced by Zheng Baorui and directed by Huang Qingxun, and co-starred by Guo Fucheng, Miriam Yeung, Wan Ziliang, Zhang Daming and Bao Qijing, "Mai Passerby" tells the story of a group of strangers from different backgrounds who meet in a fast food restaurant, support each other in the same boat, and live a warm story in the midst of hesitation. In an earlier interview, Guo Fucheng revealed that he played an ill-fated financial genius in the film. He admitted that he was moved by the script and hoped that the film would help people who really need help.

"Summer Night Knight" is written and directed by You Xing, starring Huang Lu, Lin Ludi, and Ji Lingchen. It tells the story of an eight-year-old boy, Tian Tian, who is determined to pursue justice by himself after his grandmother’s bicycle is stolen, and stages a plan to catch a thief.

"Baby’s Revenge," directed by Lu Yixin, screenwriter of "Chunjiao and Zhiming," and starring Chen Jing, tells the story of Jiamin’s sudden pregnancy, which makes her love freedom suffer, but eventually Jiamin finally realizes that the baby is a gift from heaven.

The Tokyo International Film Festival will be held from October 28 to November 5. The Chinese actress Zhang Ziyi will serve as the chairperson of the jury. The opening and closing films are "The Story of Injiro: Welcome Back", the 50th film in the "Injiro" series directed by Yoji Yamada, and a new film by Martin Scorsese.

The 32nd Tokyo Film Festival Main Competition Unit List:

"Under the White Clouds" (China)

"Traveling by Train" (Spain/France)

Atlantis (Ukraine)

"Comedy, Love the Wife Story" (Japan)

Disco (Norway)

"Funeral Food" (Turkey)

6.50 million Drug Addicts (Iran)

The Crying Woman (Guatemala/France)

Ma?anita (Philippines)

"Neville" (Italy)

"Only the Beast" (France)

(Japan/UK/Germany)

"Towards War" (France/Colombia)

"Uncle" (Denmark)

On March 26th, Betta released the unaudited financial report for the fourth quarter and the whole year of 2023.

The financial report shows that Betta’s total revenue in the fourth quarter was 1.296 billion yuan, its gross profit was 126 million yuan, its gross profit was 9.7%, and its adjusted net loss was 5 million yuan. Among them, the live broadcast income was 1.021 billion yuan, and the advertising and other income reached 275 million yuan, a substantial increase of 226.5% year-on-year.

More notably, in 2023, the total revenue of Betta reached 5.53 billion yuan, the gross profit was 684 million yuan, and the adjusted net profit was 154 million yuan, turning losses into profits and breaking through the profit barrier again.

This is undoubtedly a remarkable answer sheet. After a year of optimizing the cost structure, Betta’s consistent "long-term" development strategy has gradually achieved results, and the bright net profit data has become the most powerful evidence. What makes people feel curious is that under the background of constant macro-environmental challenges, why can Betta still make steady progress and turn losses into profits?

Open up a new space for commercialization around the main axis of the game

Judging from the financial report data,In 2023, the income structure of Betta showed a clear optimization trend, and the increase in the proportion of non-live broadcast income was particularly noticeable.

Looking at the fourth quarter alone, Betta’s advertising and other income increased by 226.5% year-on-year, and its business transformation was obviously accelerated. Looking at the whole year, the proportion of advertising and other income has also increased to 13.2%, and the growth of non-live broadcast business has injected considerable profit potential into Betta.

So, where paper data can’t be summarized, what has contributed to this situation?

Looking back, we will find that the improvement of Betta’s income structure is actually mainly due to its close cooperation with game manufacturers.

In 2023, relying on the game attributes of the platform itself, Betta consolidated good business cooperation with many head manufacturers in the industry such as Tencent, Netease and Mihayou, and on this basis, worked together to explore more effective game marketing methods.

On the one hand, Betta and game makers have made many fresh attempts hand in hand and boldly opened up a series of new commercialization paths.

For example, for the traditional game props, skin, and peripheral sales fields, Betta gives a new solution that is rare in the industry. Last year, Betta Joint Game Maker and Taobao launched the "Game Shopping Festival" and invited eight head anchors, including YYF, former Shenlong Grandpa Four and Luo Xin, to bring goods live for the hot game products such as The Original God, League of Legends, CFM and DOTA 2.

According to official data, during the event, the number of viewers in the live broadcast room exceeded 12 million, and the cumulative sales reached nearly 10 million. The official live broadcast room of Betta Fish successfully topped the Taobao live broadcast real-time list, and the new model of "game+e-commerce" was a success in the first battle.

In such an exploration process, Betta is both a game organizer and a game breaker.It refreshes the platform virtual resource replacement, game props sales and other commercial activities, and uses innovative models to enhance users’ willingness and stickiness to pay for game content.

On the other hand, fighting fish has never lacked the profound skill to declare operations in a positive way.

In the past period of time, Betta has intensified the promotion of game effects, and gradually adjusted the previous promotion of anchor business orders to a promotion effect-oriented model. At the same time, Betta also combines the distribution rules of game products to launch a wealth of marketing activities for key nodes to help manufacturers concentrate on fixed-point breakthroughs.

Take the heavy new tour "Yuan Meng Xing" launched in the fourth quarter of 2023 as an example, Betta has specially launched a million-dollar bonus broadcast incentive and the "Yuan Meng Xing Ji" anchor demo activity for it. According to the results, the number and duration of betta fish in the public beta period of "Star of Dreams" ranked among the top in the industry, which effectively promoted the popularity of the product and the community.

In fact, in the popular game "BIG DAY", fighting fish can be seen everywhere.

For example, when "Mobile Games Against the Water" was launched last year, the Betta Head Anchor Group launched the game promotion activity of "Divide Millions of Red Packets", forming a promotion matrix covering live broadcast rooms, fish bars, off-site social media and other channels, helping the martial arts rivers and lakes to grow rapidly.

Another example is the continuation of the "Egg Party" anniversary fever, Betta integrated platform anchor resources and PGC production capabilities, and launched a fun and interesting national competitive art live variety "Egg Rushing Forward", which sent laughter to many players. The number of viewers in the official live broadcast room was as high as 9.14 million.

It can be said that from the new online tour to the subsequent operation, Betta has used its brains and repeatedly polished its marketing methodology on the premise of mobilizing platform resources.It is also in the process of continuously empowering good games that Betta has opened up a wide commercial space for itself.

Insist that content is king and occupy the mind of core users.

From another point of view, the premise of betta fish empowering game manufacturers is its strong appeal to core game users.

Yes, although the external environment is complex and changeable, accompanied by challenges, Betta still stabilized the user market in 2023.According to the financial report data, in the fourth quarter of 2023, the average MAU of Betta mobile terminal was 51.7 million, which remained stable from the previous quarter, and the number of quarterly paying users was 3.7 million.

So a new question surfaced: at the moment when attention competition tends to be fierce, why can Betta keep the hearts of users?

You know, in the early years, the live broadcast track once grew wildly, and "traffic is king" was once a recognized rule in the early stage of industry competition. At that time, people believed that whoever could sign a well-known anchor would get a full house of applause from users.

However, with the development of the industry entering a new stage, the importance of content has gradually become prominent, "content is king" has become the consensus of the industry, and platform competition has ushered in the second half..Therefore, the fighting fish that broke through all the way from the era of "digging the anchor" also took advantage of the trend, re-examining the current user needs and solving the eternal proposition.

Nowadays, the answer given by Betta is a highly differentiated content ecology.

To this end, Betta has made a top-down structural adjustment to provide team support for the operation idea of "content is king".

At the beginning of 2024, Betta announced that it would simplify the organizational structure of the company, reorganize the company’s important content ecology business division into three business divisions: anchor, competition and manufacturer, actively shrink some inefficient businesses, centrally integrate the core resources of the platform, and finally sort out the context of content ecology.

Specific to the practical level, Betta takes active actions to respond to an increasingly diverse audience with a complete content ecology.

Focusing on the fourth quarter of 2023, we will notice that Betta actually built a "pyramid"-like competition layout. Looking upward, Betta has broadcast more than 30 official large-scale events, including League of Legends S13 Global Finals, Dota2》Ti12 International Invitational Tournament, the glory of the king Challenger Cup and Champion & HELIP; …

Looking down, Betta has brought more than 60 self-made competitions, including the KPL Youth Training Competition based on the official KPL competition, the S10 Goddess Invitational Tournament around the female anchor, and the continuous Fish Cup Abyss BP Competition of the Original God, etc.

Behind this high-level and orderly content system is a rich reserve of official event resources and a strong ability to make homemade events.Together, the two meet the needs of users at all levels, and also show the advantages of betta’s e-sports resources.

At the same time, fighting fish, which has been cultivated in the industry for many years, has mastered many scarce industry resources, not only knowing the way of live star-making and subdivided operation, but also knowing how to output characteristic content based on anchor IP.

Therefore, around the professional anchor resources, Betta continued to export a number of anchor IP events and PGC variety shows in 2023, including the Gemini Lucky Cup, the first anchor IP professional event of the glory of the king, the Betta Knife Dream Invitational Tournament led by YYF, and variety shows with anchors, stars and teams such as Grandpa Ge’s Baby Bus and There is a Farm.

It is worth mentioning that Betta’s development of anchor IP content is actually two-way — — Not only rely on the influence of the anchor to attract users, but also invest resources to help the anchor enhance its influence. With the blessing of customized variety shows and multi-channel exposure, popular anchors and related high-quality content further improve the stickiness of platform users and build a virtuous circle of fighting fish.

In addition, Betta is actively exploring ways of cooperation with other platforms, and relying on high-quality platform resources for joint promotion and commercial cooperation.

For example, at the beginning of this year, Betta cooperated with platforms such as Tiger Tooth and Video Number to hold the first e-sports All-Star Spring Festival Competition, which covered many popular game products such as League of Legends, the glory of the king and Peace Elite, and gathered e-sports players, game anchors and even famous artists. Once the event was launched, it quickly triggered a hot discussion on the whole network, and related hot searches emerged one after another.

In this way, the fighting fish with an open spirit not only brings the users the surprise of dream linkage, but also greatly extends the boundary of the content ecosystem.

In a word, no matter in the past or now, Betta has never stopped devoting itself to the content ecology.

This is also why it can keep the user scale stable after the hot summer file in the third quarter, and truly drive the user growth with high-quality content.

Adhere to long-term doctrine and take the road of sustainable development

In the annual report, the Interim Management Committee of Betta pointed out: "In 2023, Betta insisted on ‘ A diversified content ecological platform with games as the core ’ The development strategy, continuous investment in high-quality content and efficient operation of the platform, and timely adoption of flexible operational strategies to deal with the challenging macro environment, including improving income structure, adjusting customer acquisition strategy, strengthening compliance construction, etc., is committed to achieving long-term growth and sustainable development of the platform. "

In fact, after reading the financial reports of Betta in recent years, we will always see similar words in the macro vision expressed by high-level officials:Deep tillage, precipitation, long-term sustainability … …

Every keyword that echoes from afar finally points to long-termism, which is the main theme of betta’s development.

When the long-term doctrine is implemented at the product level, it is reflected in Betta’s continuous attention to the ecology of interactive communities.

In the fourth quarter of 2023, Betta APP was revised and optimized again, further enhancing the interactive function between the anchor and users. Specifically, the Betta APP has added a "dynamic" first-level column, focusing on the broadcast status of the anchor and the entrance of the live broadcast room. In this way, the live scene of the anchor and the non-live content are opened. Even if it is not in the broadcast time, users can easily understand the anchor dynamics and easily comment and interact.

This insight into the functional improvement of users’ psychology is another attempt to strengthen the social attributes of Betta, and it is also the epitome of the continuous iterative evolution of the product layer. Facts have proved that Betta did not blur the focus in the competition, but chose to persist in polishing the ontology ecology of the community, providing a solid framework for long-term innovation and exploration.

On the other hand, Betta’s long-term doctrine is also reflected in the construction of compliance system.

Since the fourth quarter of 2023, on the basis of the original compliance system, the Provisional Management Committee of the Platform has made every effort to build a new "four-in-one" compliance system (business compliance, content compliance, process compliance and data compliance), aiming at comprehensively implementing the project risk prevention and control system, establishing a product retrospective mechanism, improving the interactive anti-addiction system, paying attention to the handling of disputes and complaints, regularly checking the platform’s illegal risks and rectifying illegal behaviors, and strengthening the risk awareness education of relevant personnel of the company.

Taking the goal of "content compliance" as an example, Betta specially established a set of professional content review mechanism and introduced the Sunshine Credit Scoring System. In addition to the huge audit team, Betta also actively embraced cutting-edge technology trends and used self-developed AI technology as an aid to significantly improve the platform’s ecological governance capabilities.

It is not difficult to imagine that the strong investment in the compliance system will effectively help Betta cope with and resolve potential risks and lay a solid foundation for the long-term development of the enterprise.

Generally speaking, 2023 is a period of business adjustment for Betta.

In this year, Betta adhered to the concept of long-term, vigorously consolidated its business foundation, pursued opportunities with a sensitive strategic layout, and avoided risks with practical rectification actions.In the end, it found the right rhythm, gained a good income structure and a stable user scale at the end of the stage, and turned losses into profits as expected..

With the benign signal released by the financial report, we have reason to believe that Betta will usher in more surprises in the future long-distance running.

Article source: Hedgehog Commune

　

　　CCTV News:According to the website of the People’s Bank of China, the People’s Bank of China and China Banking and Insurance Regulatory Commission publicly solicited opinions on "Opinions on Financial Support for the Development of Housing Leasing Market (Draft for Comment)". Soliciting opinions, it is proposed to focus on supporting the development of specialized and large-scale housing leasing enterprises with self-sustaining properties. Financial support for housing leasing should adhere to the position that houses are used for living, not for speculation, and focus on supporting self-sustaining property-based housing leasing enterprises with independent legal person operation, clear business boundaries and real estate professional investment and management capabilities, so as to promote their large-scale and intensive operation and improve the supply capacity and operation level of long-term rental housing. Details are as follows:

Opinions on financial support for the development of housing rental market

(Draft for Comment)

　　In order to thoroughly implement the decision-making arrangements of the CPC Central Committee and the State Council, support the accelerated establishment of a housing system with multi-agent supply, multi-channel guarantee and simultaneous rent and purchase, cultivate and develop the housing rental market, and promote the stable and healthy development of the real estate market, according to the Opinions of the General Office of the State Council on Accelerating the Cultivation and Development of the Housing Rental Market (Guo Ban Fa)

　　[2016] No.39) and "Opinions of the General Office of the State Council on Accelerating the Development of Affordable Rental Housing" (Guo Ban Fa [2021] No.22), we now put forward the following opinions on financial support for the development of the housing rental market:

　　I. Basic Principles and Requirements

　　(1) Support the structural reform of the supply side of housing leasing. Financial support for housing leasing should focus on the key points and aim at the shortcomings, mainly in big cities, focusing on solving the housing problems of new citizens, young people and other groups, supporting all kinds of subjects to build and rebuild long-term rental housing, revitalizing existing housing, and effectively increasing the supply of affordable and commercial rental housing.

　　(two) focus on supporting the development of specialized and large-scale housing leasing enterprises with self-sustaining properties. Financial support for housing leasing should adhere to the positioning that houses are used for living, not for speculation, and focus on supporting self-sustaining property-based housing leasing enterprises that operate as independent legal persons, have clear business boundaries, and have real estate professional investment and management capabilities to promote their regulations.

　　Modular and intensive management to improve the supply capacity and operation level of long-term rental housing.

　　(3) Establish and improve the financial support system for housing leasing. Financial support for housing leasing should be based on market allocation, providing diversified, multi-level and full-cycle financial products and financial service systems for the investment, development, operation and management of leased housing, with complete market functions, balanced structure and orderly competition.

　　— — Financial institutions have a reasonable division of labor. Commercial finance should meet the reasonable financing needs of all kinds of rental housing subjects in accordance with the principles of legal compliance, controllable risks and sustainable business. Policy finance and development finance are limited to providing financing for the development, construction and operation of affordable rental housing on the premise of meeting the functional orientation and business scope.

　　— — Innovation norms of financial products. Housing lease credit products should have clear functions, reasonable term and interest rate pricing, perfect risk evaluation and post-loan management. Direct financing products should be simple and clear in structure, sound and effective in market restraint and operation mechanism, transparent in product pricing, and true and compliant in capital use.

　　— — Optimization of credit and capital market allocation. The credit market mainly meets the needs of various entities to develop and build rental housing, as well as the liquidity and daily operation of housing rental enterprises. The capital market focuses on the development of long-term financing tools for housing rental investment. The credit market and the capital market can be coordinated and reasonably connected according to the income and risk characteristics of different links of housing leasing.

　　Two, strengthen the innovation of housing rental credit products and service models

　　(four) to increase credit support for the development and construction of rental housing. Support commercial banks to issue development and construction loans to real estate development enterprises, industrial parks, rural collective economic organizations, enterprises and institutions and other entities to build or rebuild long-term rental housing.

　　Payment. The proportion of project capital for rental housing construction should not be less than 20% of the total investment of development projects, and the loan period is generally 3 years, and the longest is not more than 5 years. Commercial banks should establish a perfect loan approval mechanism and risk management mechanism for development and construction according to the cash flow of various entities and the risk characteristics of real estate development, so as to improve the efficiency and management level of loan approval.

　　(V) Innovative groups purchase rental housing credit products in bulk. For enterprises and qualified institutions to purchase idle houses in batches according to laws and regulations for dormitory-type affordable rental housing, and specialized large-scale housing leasing enterprises to purchase idle houses in batches according to laws and regulations for affordable rental housing or commercial rental housing for long-term operation, commercial banks are encouraged to issue rental housing group purchase loans on the premise that risks are controllable, businesses are sustainable and implicit debts of local governments are not added. Commercial housing and commercial housing purchased with loans should be houses with clear legal relationship and completed acceptance. During the loan period, the rental purpose of the house shall not be changed. Leased housing groups purchase loans for a maximum period of not more than 30 years, and the loan amount shall not exceed 80% of the appraised value of the property in principle.

　　(six) support the issuance of housing rental business loans. If a housing leasing enterprise manages long-term rental housing with its own property rights, the term of the housing leasing business loan shall not exceed 20 years, and the loan amount shall not exceed 80% of the assessed value of the property in principle, which can be used to replace the loan for early development and construction of the property. For the non-proprietary rental housing formed by the housing leasing enterprises in accordance with the law and in compliance with the transformation of industrial plants, commercial office buildings and villages in the city, the term of operating loans shall not exceed 5 years, and the loan amount shall not exceed 70% of the total rent receivable within the loan period in principle.

　　Commercial banks should carry out due diligence investigation on the legal compliance of the operation and management of leased housing, the rental level and occupancy rate of leased housing, and the professional ability, financial status and continuous prudent operation of housing leasing enterprises, and design the loan term, interest rate and repayment method reasonably in combination with the operation and risk characteristics of housing leasing enterprises.

　　Housing leasing enterprises should take rental income as the first source of repayment. If the housing leasing enterprise has clear other repayment sources, commercial banks can issue pledge and mortgage loans, but the legal risks of pledge and mortgage should be carefully evaluated to ensure the enforceability of pledge and mortgage. On the premise of compliance with laws and regulations, commercial banks are encouraged to issue credit loans according to the credit standing and operating conditions of housing leasing enterprises.

　　Explore the role of policy housing finance, support housing leasing enterprises to hold and operate affordable rental housing for a long time, and give priority to meeting the housing rental needs of eligible new citizens, young people and other groups.

　　(seven) innovative comprehensive financial services for housing leasing related enterprises. Encourage commercial banks to actively explore financial service models and financial products suitable for the needs of enterprises related to housing leasing, and provide comprehensive financial solutions such as account opening, settlement, consultation and cash management to housing leasing construction and operation enterprises, housing leasing brokerage institutions and housing leasing management service platforms.

　　Third, broaden the diversified investment and financing channels in the housing rental market

　　(eight) to enhance the ability of financial institutions to put in housing rental loans. Support commercial banks to issue financial bonds for housing leasing, and raise funds specifically to increase the investment of housing leasing development and construction loans and operating loans.

　　(9) Broaden bond financing channels for housing leasing enterprises. Support housing leasing enterprises

　　Industry issued debt financing instruments, corporate bonds, corporate bonds, earmarked for rental housing construction, purchase and operation. Encourage the optimization of bond issuance process, improve the issuance efficiency of housing lease bonds, and provide financing facilities for housing lease enterprises.

　　(10) CoveredBond for innovative housing lease. If the rental housing owned and operated by the housing leasing enterprise has a sustained and stable cash flow, the property mortgage can be used as a credit enhancement, and housing lease guarantee bonds can be issued. Housing lease guarantee bonds are included in the bond management framework.

　　(eleven) the steady development of real estate investment trust funds (REITs). Steadily promote the pilot work of real estate investment trust funds (REITs), and raise funds for housing leasing enterprises to hold and operate long-term rental housing under the premise of controlling risks. Support real estate investment trust funds (REITs) share trading circulation, promote long-term stable operation, and prevent short-term speculation. Give priority to supporting xiong’an new area, Hainan Free Trade Port, Shenzhen Socialism with Chinese characteristics Pilot Demonstration Zone and other key areas supported by national policies and big cities with net population inflow to carry out real estate investment trust funds (REITs) pilot projects, and provide financial support for enterprises that use all kinds of construction land (including collective construction land, idle land owned by enterprises and institutions, etc.) to build, hold and operate long-term rental housing according to laws and regulations.

　　(twelve) to guide all kinds of social funds to invest in the field of housing leasing in an orderly manner. Support financial institutions, asset management products and other market entities to standardize investment in financial products related to housing leasing. Encourage housing leasing enterprises and professional asset management institutions to hold and operate rental housing for a long time through real estate investment trusts (REITs). Support long-term funds such as insurance funds to invest in the housing rental market. Encourage housing leasing enterprises and finance.

　　Institutions use interest rate derivatives to hedge related interest rate risks.

　　Four, strengthen and improve the financial management of housing rental.

　　(thirteen) strict housing leasing financial business boundaries. Housing leasing financial business should be strictly positioned to support the development of housing leasing market and not provide financing for short-term speculation. Housing rental financial products and services should be clearly distinguished from those of non-rental housing. It is strictly forbidden to finance non-rental housing in the name of supporting housing rental, and it is strictly forbidden to use housing rental financial products for commercial real estate development in violation of regulations. Financial institutions should establish and improve relevant business systems, strengthen compliance review and evaluation, and ensure prudent and compliant business.

　　(fourteen) to strengthen the management of housing rental credit funds. Commercial banks and other institutions should strictly review housing lease credit and post-loan management, strengthen the investigation and tracking of borrowers, project attributes and the authenticity of loan purposes, ensure that loan funds are used for housing lease construction and operation in accordance with the agreed purposes, and effectively prevent risks such as misappropriation and cashing out of funds. If the lease property of the project or the use of the house is changed during the loan period, the loan shall be recovered in time.

　　(fifteen) standardize the innovation of direct financing products for housing leasing. The direct financing products of housing lease should have excellent quality of basic assets, simple structure, clear legal relationship, open and transparent information and legal compliance with the use of funds. Relevant acceptance departments should clarify the business model of housing leasing enterprises, the use of raised funds and other policies and audit requirements, improve information disclosure and post-supervision management, take effective measures to ensure that raised funds are used for related activities such as rental housing construction and operation, and shall not be diverted for other purposes.

　　(sixteen) to prevent financial risks of housing leasing. Commercial banks, etc. lease housing.

　　Institutions providing financing should establish and improve relevant systems, strengthen compliance review and evaluation, and ensure prudent and compliant business. Standardize the management of financing subjects, formulate clear access standards, and implement list management for non-personal objects. Limit the debt level of all kinds of housing leasing enterprises and real estate development enterprises holding leased housing to ensure that their asset-liability ratio remains in a moderate range. Strengthen the monitoring of the operation and management, financial status and the use of funds of housing leasing enterprises. If housing leasing enterprises violate the loan contract, they should promptly take effective measures such as accelerating liquidation and collecting loans in advance to resolve risks.

　　Housing leasing enterprises must complete the relevant filing work on the housing leasing management service platform established by the housing and urban-rural construction department before financing. For direct financing products of housing leasing, we should fully reveal the risks related to housing leasing business and real estate market, establish and improve the risk early warning and disposal mechanism, and protect the interests of investors.

　　(seventeen) the establishment of housing rental financial monitoring and evaluation system. The People’s Bank of China took the lead in establishing a special statistical system for housing leasing finance, strengthened the statistics, investigation and monitoring analysis of housing leasing financial products, and explored the establishment of a policy-oriented effect evaluation system for housing leasing special credit. Relevant departments should strengthen the sharing of information related to housing leasing and give full play to the joint efforts of supervision.

　　The Shanghai headquarters of the People’s Bank of China, branches, business management departments, city center branches of provincial capitals and sub-provincial city center branches are requested to forward this opinion to relevant institutions within their respective jurisdictions together with the Banking Insurance Regulatory Bureau of their respective provinces (autonomous regions and municipalities), and coordinate the implementation of this opinion.

Citizens read books in a 24-hour bookstore. Intern Peng Hua, reporter Yang Taoshe

　　In November 2014, Zall Bookstore launched a 24-hour business mechanism of "culture does not close", waiting for people to read books every cold or hot night. At that time, Zall was the first 24-hour bookstore in Wuhan. In recent years, the 24-hour bookstore in Wuhan has added Jiuqiu Library and Boshihui City Study, enriching the cultural nightlife in Wuhan.

　　24-hour bookstore is a night reader.

　　Provide a quiet place for reading

　　"There will be many interesting things happening at night." Luna is the manager of Jiuqiu Library, which is located in Dongsan Road, Fruit Lake, Wuchang District. It opened on January 25, 2016 and has been open since then.

　　On the 18th, she told reporters that the biggest feeling of working at night shift is to find that there are really many people who love learning. There used to be an old man who rode an old bicycle every night and went back around 6: 00 in the morning. He studied English here all night. There are often some students from Wu Da University here, and he will ask them for advice. A girl from Wu Da University specially prepares study materials for this grandfather, and she will put them here the next day for the clerk to hand over to him.

　　On the 18th, a young girl was watching a video with headphones, and there was a book full of notes in front of her. The post-90s girl who was preparing for the exam as a certified public accountant usually came over after work and talked about her views on this 24-hour bookstore. The girl said, "People who stay up late need this kind of store very much."

　　Unattended libraries can "brush their faces" to borrow books

　　On July 12th this year, the 24-hour city study room on the first floor of Boshihui International Plaza in Jiang ‘an District opened to welcome guests, which is located near Sanyang Road subway station. There is no librarian in the museum, and citizens can enter the museum at any time, "brush their faces", and apply for certificates and borrow books by themselves. This is the first unattended intelligent library in Wuhan. Since opening up, it has become a popular punching point for citizens.

　　On the 18th, the reporter visited this intelligent library. At about 9 pm that day, a floor-to-ceiling transparent glass study room on the left side of the lobby on the first floor of the building was lit with yellowish light. There is a face recognition access control system at the door. When you enter the library for the first time, you need to swipe your ID card. There is a self-service borrowing and returning card machine in the tube, which can handle the reader’s ID card and complete face registration and WeChat binding. Later, you can enter the library without a card, and you can "brush your face" to borrow and return books by yourself.

　　Ms. Mei, who passed by here at night, picked out five books, put them in the sensing place, and the machine began to recognize faces. In less than 10 seconds, the screen showed that five books were successfully borrowed at the same time. The mobile phone also received a message from WeChat prompting the successful borrowing. "Very convenient." Ms. Mei said that after the library opened, she would come here every other week or so, and if she had time, she would read here for a while.

　　24-hour bookstore enriches the function of city night

　　In recent years, wuhan nightlife has become increasingly diversified. In addition to consumption and entertainment at night, the opening of 24-hour bookstores and other cultural places has provided people with new choices and enriched the city’s night functions.

　　At about 10 pm on the 17th, Mr. Deng, who lives near Zall Bookstore, wanted to go to the movies, but when he passed by the bookstore, he saw the lights on in the store and chose to go into the bookstore. "Watching movies is more of a social need. It will be better to go with friends, and it will be more enjoyable to read when you are alone." In 2013, Zall Bookstore opened in Wuhan and noticed that many readers had no time during the day and could only come at night. In 2014, Zall Bookstore started the 24-hour business mechanism of "culture does not close" and became the first 24-hour bookstore in Wuhan.

　　On the 17th, when talking about the original intention of Zall Bookstore’s 24-hour opening, Ms. Gao, the manager, told the reporter that the 24-hour bookstore provided a choice and place for those who only had time to quiet down and study at night. 24-hour bookstore will not bring much benefit, but it is a functional existence, and there will always be people who need it, which is a useful supplement to the cultural construction of the city.

　　Feng Guilin, a researcher at Hubei Academy of Social Sciences, believes that the more convenient the cultural facilities are for the public, the more diverse the forms and contents, and the more diverse the needs of various groups. This is not only a promotion for a city’s function, but also a guide, which can better improve citizens’ civilization quality.

　　Trainee reporter Li Huizi