Yang Zi and Fan Chengcheng’s new drama is coming, and under the siege of the Xianjian series, can it create another explosion?

Seeing the hottest winter break in a year, all four platforms have tried their best to attract effective audiences and improve the retention rate of high-quality audiences. The most typical performance is that all four platforms chose to lift out the dark horse series that the platform is optimistic about during this period. Like iQIYI and Tencent chose "Xianjian IV" and "Praying for the Present", which have a large fan base and potential audience groups. Although the male and female fans of "Xianjian IV" are quarreling because of the ranking issue, this is not wrong for the show itself.

On the contrary, it is because of the dispute between the male and female protagonists that many melon-eating netizens have noticed the setting of the drama, and the correct choice of the controversial point can also reduce the expenditure of the drama’s publicity expenses. At present, it seems that because the fans of the male and female protagonists are not united, the broadcast performance and online performance of this drama are slightly behind. The male protagonist of "Praying for the Present" is Xu Kai, a small student with both good looks and acting skills, and the female protagonist is Yu Shuxin, a small flower who takes into account the popularity of the drama. Compared with the discordant protagonist fans next door, the fans of these two people get along very harmoniously, and they are all focused on the promotion of

It is worth mentioning that "Praying for the Morning" attaches great importance to the promotion of a certain sound in the drama, and the selected staff is also full of enthusiastic and energetic young people. For now, the drama’s drama-chasing atmosphere is not bad. In the face of the strong offensive of iQIYI and Tencent video, Mango TV chose the most popular Chinese horror + unlimited stream theme among young audiences. Although the male and female protagonists of this drama are small and transparent, the novelty of the theme and the excitement of the script still attract many potential audience groups to watch the drama in real time.

Compared with the other two dramas, the only advantage of "19 Layers" is probably that it is starred and can win the attention of a diverse audience. It’s just that the budget of the drama promotion makes it still in the period of word-of-mouth fermentation, and there is no clear word-of-mouth explosion point and plot coolness. But in the current online environment, the most feared thing is that the quality of the drama itself is very good, but because of the negligence of online marketing, this good drama has been completely buried. "The fragrance of wine is also afraid of deep alleys" is the current situation of the film and television drama market.

Although there are many choices of Xianxia themes that are heavily marketed, some audiences with special tastes are still in the period of drama shortage, and they urgently need new dramas of special types to provide nutrients. "Beginning", which is consistent with the theme of "19 Layers", wins from large-scale publicity investment. Only by letting more viewers know when the show will be broadcast and what is the main content, can the purpose of drama promotion be achieved to a greater extent. There are new dramas on all three platforms, and only the slow Youku has no major dramas, which makes users anxious.

Speaking of Cao Cao, the urban emotional drama "Love for a Long Time" starring Yang Zi and Fan Chengcheng was successfully broadcast on Jiangsu Satellite TV. It is said that the production company of this drama and Yang Zi are already old acquaintances, and the new drama of the second cooperation is quite exciting. Although Yang Zi and Fan Chengcheng’s CP sense is a little lacking, it should still be expected to become a hit under the blessing of the plot and character, otherwise Youku would not choose to broadcast it on such an important schedule. It can be seen that Youku has always trusted Yang Zi.

It is worth mentioning that several of the dramas that are competing with Yang Zi this time are still films and TV dramas starring 95 Shenghua. If Yang Zi loses the battle at 95 Shenghua’s hands again, it will be easy to be laughed at by the same period of Shenghua and Youku platform, and the identity of the queen of drama and explosive drama will also be questioned. In fact, Yang Zi has seen the power of 95 Shenghua as early as the summer of 2022. For example, the three-party statement during the casting period of "Agarwood Fragrance Like Pieces" and the three official seals shocked the entertainment industry. The reason is that Youku trusts Yang Zi too much.

However, the broadcast results of "Agarwood Like Crumbs" hit Youku hard in the face. The two major traffic cooperation Xianxia dramas were actually crushed by the costume dramas starring 95 Shenghua. First, Wu Lei and Zhao Ruth’s "Star Han Brilliant. Moonrise Canghai" dominated the summer season, and the broadcast results and online performance were unparalleled. Then there is Yu Shuxin, the "Canglan Jue" starring Wang Hedi, which triggered a craze for young people to follow dramas, almost monopolizing the entire summer audience. And Yang Zi’s new drama "Agarwood Like Crumbs" is too average.

So shortly after the show was broadcast, Youku posted a blog post that seemed to contain Yang Zi. Not only was it accompanied by Yang Zi’s hot topic "cake" at that time, but also the text "purple butt explosion" was marked on the picture, which can be said to be merciless ridicule and connotation. Youku’s unkind approach has also attracted Yang Zi’s fans to be dissatisfied for a long time. Now, Yang Zi and Youku have joined forces again to present "Love for a Long Time", or the same 95 flowers as opponents. Can Yang Zi use this drama to make up for the shame and protect the face of carrying the drama flowers?

Objectively speaking, it was not realistic for Yang Zi to achieve respectable success this time. First of all, because of the subject matter limitations of "Going to Love for a Long Time", the film and television dramas starring 95 Shenghua all have a certain degree of basic fans and theme chassis. However, the episode positioning of "Going to Love for a Long Time" urban emotional drama is not advantageous first, and it is easy to be easily crushed by the three dramas broadcast on other platforms. After all, the main factor that determines the broadcast performance of a drama is the audience, not fans, and the influence of fans on the drama is negligible.

Under the circumstance that most drama-chasing audiences prefer Xianxia dramas and costume dramas, the success of the new drama starring Yang Zi and Fan Chengcheng depends on the blood of dogs, but on marketing. Urban dramas with a little blood of dogs have always been able to get very good ratings in the process of going to the stars, and marketing can make the audience understand the main content of the drama as much as possible, and then generate interest in chasing dramas. In addition, the drama "To Love for a Long Time" is a starred drama, and compared with other dramas, it is inevitable that there will be diversions.

But even so, the ratings of Shangxing drama are firmly controlled by 95 flowers. The family ethics drama starring Zhong Chuxi and Yang Chaoyue has been unfavorable from the beginning to the audience rating has been rising, which cannot be separated from the audience rating contributed by the remote control audience. Many viewers are attracted to this drama, and they are also accidentally attracted by Yang Chaoyue’s acting. So if the ratings of this drama starring Yang Zi and Fan Chengcheng are not satisfactory, they will also be complained and connotations by the melon-eating masses of the same period of flowers and fan groups.

Because there are too many ancient costume idol dramas starring in these years, which is far from Yang Zi’s idea of seeking transformation and breakthrough in his early years, what Yang Zi needs most at this time is good results on different tracks. But it is not easy for a drama like "Love for a Long Time" to get very good CVB results, and the most likely step is probably to make a loss. Wanting to get very good network data in a clean situation is nothing short of a dream. Whether Yang Zi can break the label of only being excellent in ancient puppet dramas depends on this performance.

Xiaomi TV launches new service to bid farewell to the era of set-top boxes: watch CCTV TV live online, 159 a year

In terms of TV, Xiaomi also launched the "Home Appliances Start" activity recently. For example, the price of its EA series 75-inch 4K TV is not higher than 2899 yuan, and it also participates in the warranty service that can only be replaced without repair within 180 days. Friends in need can pay attention to a wave. The TV adopts a metal full-screen solution with a Unibody metal body. The body is lighter and thinner, and the texture is full. The whole is very atmospheric and simple. In addition, each screen has been adjusted one by one, and the color level can reach the monitor level. The primary color of the content is accurately presented, and the look and feel is more comfortable.

World champion helps out "China Star Jump" PK Wang Zhou Weitong shines in the audience.

《中国星跳跃》


("China Star Jump")



何冲、周韦彤


(He Chong, Zhou Weitong)



  Yesterday, the large-scale public welfare star diving reality show "China Star Jump" broadcast by Zhejiang Satellite TV has reached the finals in the first quarter. This long-awaited champion PK battle finally reached the peak of the top four.
  
  The rule of this competition is that the diving champion and the star player partner to help the players complete the diving together. So far, Zhou Weitong, who stood on PK diving platform several times, successfully entered the final of the first season with her own efforts, and partnered with He Chong, the diving champion, and the two sets of diving costumes she prepared once again became the focus of the audience.
  
  The program group changed the previous competition rules and invited the champion athletes of the national diving team to help the star students complete the diving. And Zhou Weitong is the diving champion He Chong. He Chong even personally awarded "Diving Cheats", which gave Zhou Weitong more confidence to cope with the hegemony of the top four. Although it was the finals, the program group still spent a lot of thoughts, and specially created two sets of diving clothes for Zhou Weitong, one set of peach pink clothes with diamonds and the other set of black and white pearls. These two sets of costumes once again made Zhou Weitong a star player who received much attention that day. In previous programs, Zhou Weitong was more eye-catching than other contestants in clothing. In the preliminary round, she was dressed in a yellow high-split one-piece bikini, which overwhelmed the crowd. In the semi-final, she won the "most beautiful swimsuit" with a blue-and-white porcelain costume full of strong Chinese style, and both the semi-final and Killer’s "twin sister costume" surprised the audience.
  
  Despite Zhou Weitong’s hard work and high popularity and attention, her slender legs and tall figure have also become a huge obstacle to Zhou Weitong’s diving promotion. In particular, the problem of bending her legs once troubled Zhou Weitong. In order to overcome her stubborn illness, she even used wooden sticks with her legs to climb and enhance her leg and arm strength, hoping to make up for the deficiency and present her movements perfectly. Even so, it is a pity that Zhou Weitong is not among the top three. However, this did not affect Zhou Weitong’s love for diving, and she said that she would carry this happiness to the end in the future.


[NextPage]


周韦彤


(Zhou Weitong)


 


[NextPage]


周韦彤


(Zhou Weitong)


Wang Zulan counterattacked and tore up the famous brand of Jinzhongguo, talking about Chen He’s divorce: he has been comforted

    

    1905 movie network news On January 23, the film held a press conference in Beijing, starring Wang Zulan, Jin Zhongguo, Guo Jingfei, and Yi Yi. Wang Baoqiang and Zheng Kai, who were not present, also sent blessings to the film through VCR. Recently, Chen He, one of the stars of the film, was pushed to the forefront of the trend for concealing the divorce and issued a Weibo apology. At the press conference, Wang Zulan revealed that he had comforted Chen He in the group and hoped that everyone could give him space.

     It is reported that the movie "Run, Brothers" will be released in the mainland on January 30.

Yiyi and Baby staged "Palace Dou" Wang Zulan counterattacked and tore up the famous brand of Jinzhongguo

    At the press conference, Yi Yi revealed that in the movie "Running Brothers", he will perform "Palace Dou" with Baby. "After getting along with Baby several times, I love her very, very much, but in the movie I hate her very much. There will be’Palace Dou ‘in the movie, and the’Palace Dou’ is even more powerful than the previous fifteen episodes." This made fans look forward to it. Yi also revealed that the most unexpected person in the movie squatted on the ground and cried uncontrollably.

    Since it was the launch of the "Running Brothers" movie, and there was Jin Zhongguo sitting on the scene, it was natural that the famous brand was torn off. At the end of the game, only Wang Zulan and Jin Zhongguo were left, but the five runners who did not show up gave Wang Zulan their stunts. The five skills were to make the opponent: wear a blindfold, stand still for 3 seconds, stand on one foot, hug your head with one hand, and outsmart. In the end, Jin Zhongguo, who wore a blindfold and stood still with one foot and held his head for 3 seconds, could not resist the fate of being torn off by Wang Zulan. After the game ended, Jin Zhongguo said aggrieved and coquettish, "They have been’bullying me ‘in Korea. I am still a victim when I come to China, and I have no chance to show my ability. Next time I meet you, I must tear off your famous brand."

Wang Zulan on Chen He’s divorce: Already comforting in the group, giving him some space

    Recently, the news of Chen He’s divorce from his wife was exposed online, and various rumors followed, which became the focus of public opinion for a while. Chen He also announced his divorce on Weibo on the evening of January 22, publicly admitting that he had not maintained the family well, "I’m sorry, I’m sorry, I hid my divorce from everyone. It has been almost half a year since Xu Jing and I signed the divorce agreement."

    Chen He also wrote in the statement, "These three days, I admit, have been the darkest and most terrifying three days of my life. I really can’t take it anymore!! I’m sorry!" Faced with such a broken Chen He, Wang Zulan, a good brother, expressed the hope that everyone would give him some space, and he also revealed that he had comforted Chen He. "We were in the group, and as soon as we knew the news, we sent him some greetings and comfort, but we felt that we don’t need to talk anymore and give him some space."

Nicholas Tse finished filming "New Shaolin Temple" and quickly returned to Hong Kong to accompany Cecilia Cheung in labor


Pop champagne to celebrate


Let’s celebrate Nicholas Tse together


Nicholas Tse was very excited


Nicholas Tse in "Shaolin Temple"

Click to watch the exciting trailer of "Shaolin Temple"

        Nicholas Tse, who recently won the Best Supporting Actor at the Hong Kong Film Awards, has recently returned to the crew of "The New Shaolin Temple" to continue filming. Since Ting Feng was rushing back to Hengdian to continue work and did not have time to celebrate, in order to continue this joy, director Chen Musheng and the crew specially prepared a mini celebration for Ting Feng at the filming venue of "The New Shaolin Temple" and sent two cakes with "Double Happiness" and "Linmen" written on them respectively. Congratulations to Ting Feng for winning the supporting actor role and being promoted to the second father! However, what made Ting Feng most excited at the celebration was that his idol Andy Lau cheered him up at the celebration and encouraged him to move towards the Best Actor award next year, which made him very excited.

       Ting Feng said that he has been with Hua Ge for nearly four months and has a happy cooperation during filming. He also hopes that the two will be shortlisted for different awards at major film awards ceremonies next year based on "New Shaolin Temple". Director Chen Musheng said that although there will be many movies released next year and the opponent is also very strong, he is confident that the audience will enter and support movies with different themes. Maybe next year, Hua Zai and Ting Feng will be nominated for Best Actor at the same time with "New Shaolin Temple" and become benign competitors!

       At the celebration, Brother Hua was very considerate to Tingfeng, not only cutting the cake for Tingfeng and sharing it with the staff present, but also hilariously shooting the champagne at Tingfeng who was about to taste the cake, catching him off guard, immediately putting down the cake and running away, hiding behind the director, the scene was funny! Originally, when Tingfeng and Brother Hua were holding two bottles of champagne to drink, they laughed and said that they wanted to drink it all, but the director Chen Musheng immediately stopped drinking it and said with a smile, "If you want to get drunk, you will be drunk until the movie Buke, and then everyone will have a good drink! You two are so drunk now, who should I shoot for the next scene?"

       Ting Feng made the cake for lunch, drank a few sips of champagne with Brother Hua and the director, and hurriedly buried his seat to catch up with the play. Even the staff present praised Ting Feng for his diligence, but everyone saw that Ting Feng didn’t even take off his makeup and gave it to the crew to celebrate. It looked very funny. Some staff laughed that Ting Feng was injured to celebrate winning the award. It was really a special dress, and it should be followed by the best dress, and then the best makeup!

Next page More stills of "Shaolin Temple"

Chen Edison’s comeback, who is stalling for time?

 On March 17, 2010, at 9 p.m., the launch of Levi’s Jeans at the Taipei Creative Factory was crowded with people. Although the opening guest Jolin Tsai kept the spotlight on, the male model who appeared in the finale was the focus of the whole scene. His name was Edison Chen. Then came the bigger news: the hipster who left the entertainment industry two years ago for "pornographic photos" officially announced his comeback. Despite the nervous performance of the day, a few days later’s blog revealed his flamboyant personality more realistically: "I want to take my world back!"

 Since the beginning of this year, Edison Chen has been interviewed by mainland magazines one after another, and his self-created brand stores have also expanded fiercely. Edison Chen is really ready, but the key ****** the public ready too? The reporter interviewed Edison Chen’s partners, media people who interviewed him, and brand representatives who endorsed him to sort out Edison Chen’s experience in the past two years and take the pulse for his comeback plan.

 Indefinite = 2 years and 1 month

 I will retire from the Hong Kong entertainment industry indefinitely. "- Hong Kong, February 21, 2008

 "It’s the best of times, the best of times, and I’m ready for my comeback." – March 22, 2010 Blog

 Edison Chan once sang in the 2007 song "It’s Me": "Edison has matured, um, more mature, more clear about the direction of my life, so many changes, but my personality has not changed, I am still the little *** who ran around Lan Kwai Fong seven years ago…" At that time, Edison Chan, who had been entangled in scandals such as picking up girls and having a bad temper, was indeed gradually maturing, but "pornographic photos" made him return to the "little ***" era overnight.

 "Indefinitely" is a slippery word, and now everyone knows that in Edison Chen’s dictionary, it means "two years and one month." On March 22, Edison Chen posted a photo of himself attending an endorsement event in Taiwan on his blog, showing his smile a little childish. Then there is the "return" rhetoric: "From now on, I want to take back my world! Yes, it is to take back, not to join!" Return, the first time Edison Chen mentioned the word after "pornographic photos", but it was not an impulse. His return to the entertainment industry has been under way since he testified in court in Vancouver in late February 2009.

 On May 13, 2009, the final trial of the "Porn Porn" case, the judge sentenced the defendant Shi Kejun to all three counts of "dishonest use of computers" and imprisoned him for 8 months and 15 days. Chen Edison was identified as the victim. Although this verdict caused controversy among netizens, and even Nicholas Tse "didn’t know what to say", it did legally relieve Chen Edison. In an interview with CNN in June 2009, Chen Edison first talked about the "Porn Porn" incident. He did not deny that he had made mistakes, but emphasized his identity as the victim and apologized to Cecilia Cheung and other female celebrities who were implicated. In the same interview, Chen Edison revealed his ambition to return to the entertainment industry by saying that the indefinite period "can be 5 minutes, or it can be 2000 years."

 According to media reports, Edison Chen’s boss, Lin Jianyue, has been "public relations" for Edison Chen’s comeback. In March this year, he responded to the media on when Edison Chen will return: "To be honest, everyone knows that he made mistakes, but the crime is not enough to die. If he is not dead and he is not sentenced to death, then why give up on him? If the law really sentenced him to death, then we will give up on him."

 Retire from the entertainment industry, not the fashion industry

 God is so kind to me, fortunately I still have my business, otherwise it would be difficult for me to come, I don’t know what will happen to me. "

 - Interviewed in November 2009

 After "quitting the entertainment industry," Edison Chen continued to operate in the public eye as a trendy store owner. As he later said in an interview with China Entrepreneur magazine, "business" became the biggest support point in his life.

 Edison Chan’s efforts to explore the fashion field originated from a "betrayal" experience in 2002. At that time, Edison Chen had just finished filming Chen Musheng’s film "Wish Tree", only to learn that the agency contract had been sold to Lin Jianyue’s Red House manager without his knowledge. Chen Edison began to feel insecure as an entertainer, and he hid in Tokyo, Japan for two months, where he and his friend Pan Shiheng from the United States "paid homage" to the Tokyo trend representative and fashion designer Hiroshi Fujiwara. With Fujiwara’s encouragement, on May 20, 2003, Chen and Pan opened the trend store Juice in Causeway Bay, Hong Kong, and later created their own brand CLOT, and started their own trend brand business. Later, the Shanghai store ACU also opened.

 In April 2008, just after the "pornographic photo door" controversy passed, there were media reports that Edison Chen’s Shanghai trendy store was deserted, and the whole store was sold and no one cared. At that time, a regular customer said, "I can’t wear his clothes anymore, I will be laughed at by my friends." It turned out that the clearance was just a respite for Edison Chen before finding a new location.

 On December 5 last year, Edison Chen’s new Shanghai store Juice held an opening ceremony. Liu Weiqiang, Eason Chan’s wife Xu Haoying, Fujiwara Hao and others were present to congratulate. This was Edison Chen’s first public appearance in mainland China after "pornographic photos". Many die-hard fans also came to help out. Contrary to the depression before the store was closed, the entire road was surrounded that day, and the police had to come forward to maintain order.

 Recently, Edison Chen was photographed in Shanghai to check the performance of the new store and lead his employees to celebrate the success, and the second store in Shanghai is also planning to open in May this year. Previously, there were media reports that Edison Chen’s development in the fashion field is due to the large financial support of a "mainland female rich". In early December 2009, when Edison Chen was renovating the store, a mysterious woman was photographed by the media beside him. But the staff Rachel later said that the woman was just a good friend of Edison Chen, not a female rich man at all. But she confirmed the expansion plan of Edison Chen’s trendy brand: Beijing, Guangzhou, Hangzhou and other places are all under planning.

 Open your heart at the right time

 I know that many people know Edison Chen through reporters and the media. You can believe their nonsense, or you can make your own decisions with your own head. "

 - June 16, 2007 Blog

 Chen Edison’s comeback impulse is also reflected in his attitude towards Chinese-language media. When the JUICE trend store opened in Shanghai, Chen Edison publicly invited a number of fashion and entertainment media to interview. Although he didn’t talk much about entertainment, the reporters present felt that Chen Edison enjoyed talking to the media and answered questions incessantly. It seems that things are changing. In a long interview published in the February 2010 issue of the mainland magazine "GQ Zhizu", Chen Edison talked about his single-parent family and his childhood urge to enter the underworld.

 Xiaohong (a pseudonym), a staff member of GQ Zhizu magazine who contacted the interview, told this reporter that the interview was conducted in November last year. Through contact with her, she found that Edison Chen’s attitude towards the media is candid, detached, and his purpose is very clear. "If he needs your magazine and newspaper and wants to talk to you, he will open his heart." In her opinion, Edison Chen’s choice to give an interview in November must be related to the opening of a store in Shanghai in December, and his return to the entertainment industry is also to use his popularity to expand his business. "He did not hide such an attitude outside of the interview," Xiaohong said.

 The interview lasted four hours, and Edison Chen was very cooperative. When it came to his feelings for his father, his attitude towards girls and sensitive topics such as "pornographic photos", he asked to answer in English, because he was worried that his Mandarin could not be expressed correctly. Edison Chen admitted at the time that he had not yet decided whether to return to the front job of the entertainment industry, but that he would definitely be a producer. "I have decided to make three movies, one funny movie, one ghost movie, and one police and gangster movie."

 Edison Chan’s flamboyant personality is not only a must-have character for "hipsters", but also often leads to displeasure because he is too frank. For example, in an interview with the US media, he bluntly said that "he has forgiven himself", "indefinite is not forever", "pornographic photos are a gift from God", etc., all of which once aroused public disgust. According to media reports, Edison Chan is frank and true in the eyes of friends, and sometimes overly happy and angry. A Man, a Hong Kong reporter who has interviewed Edison Chan many times, also told this reporter that Edison Chan is the most authentic Hong Kong artist he has ever met. He has a clear love and hatred, and sometimes it is not easy to control himself.

 (Download to C15 version)

 ■ Edison Chen’s memorabilia

 ● May 13, 2009

 The final trial of the "Porn Photo Door" case convicted the defendant Shi Kejun of all three counts of dishonest use of computers.

 ● End of May 2009

 In an interview with CNN in Hong Kong, Chen Edison talked about the "pornographic photo door" incident for the first time.

 November 20, 2009

 Chen Edison went to Taiwan to promote the album for his artist DJ TOMMY.

 ● December 5, 2009

 Chen Edison attended the opening ceremony of Shanghai Chaodian JUICE and was interviewed by the media.

 ● March 22, 2010

 Edison Chan blogged about his comeback.

Steam Summer Sale Officially Begins: Recommended Games Worth Buying

  Steam has officially launched its summer sale, which ends on July 5th (Pacific Time). So what’s worth buying for this special offer? Let’s take a look…

  Note:We only talk about the newly discounted games in this special offer. It does not count if the discount has not been restored to the original price before.

Main special recommendations (1):

The price of "GTA5" is reduced by 67% to only 62 yuan:(Record low)

Nomad Starry Sky

  "GTA5" is a crime-themed open-ended action adventure game produced and published by Rockstar. The game background is based on Los Angeles and Southern California in the real world. The game has almost the same world view as the real world. Players can play as three protagonists and switch at any time. Each protagonist has his own unique personality and story background, as well as intertwined plots.

  In addition to the main body, the game also has a platinum OL version, which is currently priced 66% off for only 117 yuan.

  In addition, the game also has a "Platinum OL + Whale Shark Card" collection version and a "Platinum OL + Great White Shark Card" collection version, which are currently sold for only 243 yuan at 25% and 181 yuan at a 58% price reduction.

  The game only has one "Crime Group Beginner Pack" DLC, and the price is currently reduced by 50% for only 79 yuan.

  "GTA5" Steam Mall promotional address:

"Dark Souls 3" Deluxe Edition has a 70% price reduction of only 119 yuan:(Record low)

Nomad Starry Sky

  "Dark Souls 3" is the orthodox work of the hardcore action role-playing game series Dark Souls. Miyazaki Hideko himself serves as the production director of the game. This game still implements its trademark high difficulty. Players will explore a wider world in this game, and fight the bosses named "Salary Kings". In addition, the game also enhances the overall atmosphere performance, so that the picture is not just dark, but will use weather effects such as dusk or fog to strengthen the "doomsday" theme set by the game.

  The main body of the game is 67% off for only 75 yuan. (flat record low)

  The deluxe version of the game includes the game itself and "Season Pass" DLC.

  The game has three DLCs, all of which are currently on sale at their original price.

  Dark Souls 3 Deluxe Edition Steam Mall Promotion Address:

The price of Final Fantasy XV for Windows has been reduced by 50% to only 164 yuan.(Record low)

Nomad Starry Sky

  "Final Fantasy XV" is the latest installment of Square Enix’s world-renowned RPG "Final Fantasy" series to land on the next generation PS4 and Xbox One platforms. The game is remade from the long-delayed work "Final Fantasy V13", and the genre is also changed from the original turn-based to real-time combat, but it is finally confirmed that the SE change is correct.

  The graphics of the game have reached an amazing level with the performance of the next-generation console, and the combat is exciting and refreshing. Players can drive cars to adventure in the world, and they can also fight against huge bosses and monsters. The overall level of the game is worthy of the players’ ten-year wait. It is an absolute masterpiece, with a vast environment and a seamless customizable combat system, providing players with a lot of freedom.

  The game has only one "4K high definition" DLC, which is currently free.

  "Final Fantasy XV" Steam Store for Windows Promotion Address:

"Far Cry 5" has a 25% price reduction of only 186 yuan:(Record low)

Nomad Starry Sky

  Far Cry 5 is a first-person shooter game developed by Ubisoft. Players will enter a chaotic, unknown and incredibly dangerous world. The game is set in Montana, USA for the first time, and players can explore this seemingly peaceful but deeply distorted world with complete freedom in single-player or double-player cooperation.

  The game takes place in the fictional "Town of Hope" in Montana, and players will take on the role of a newly arrived young sheriff. Soon players will find that their arrival accelerates a year-long silent change, and the mastermind behind it is a fanatical ****. The violence sparked by their "Eden’s Gate" plan takes over the entire town. Players caught off guard in a power struggle must stop this carefully laid plan, and the flames of rebellion will rise to liberate "Town of Hope" and rekindle hope.

  In addition to the main body, the game also has a deluxe version and a gold version, which are currently sold at a 25% price reduction of only 216 yuan and a 25% price reduction of only 276 yuan.

  The game has three DLCs, all of which are currently on sale at their original price, with the "Season Pass" DLC priced at 118 yuan.

  "Far Cry 5" Steam Mall promotional address:


How should the new policy of online car-hailing start with controversy and end with consensus?

  CCTV News:Following the exposure draft of the four cities of Beijing, Shanghai, Shenzhen and Guangzhou yesterday, Chongqing, Hangzhou and other places have also followed up quickly, and will make specific provisions on local online car pricing, driver qualifications, vehicle qualifications, etc.

  Driver’s household registration and vehicle license plates have become hot topics for netizens to discuss

  After the release of the detailed exposure draft, it immediately caused a heated discussion. In the message area of the CCTV News WeChat public platform, netizens discussed the hottest, mainly focusing on issues such as ride safety, driver’s household registration and vehicle license plates.Some netizens believe that the restrictions on driver registration and license plates in Beijing and Shanghai are too strict, and the top priority should be to ensure the safety of passengers.

  Phantastishch:I think these conditions must first ensure the safety of ride-hailing customers, which is a major premise. Is it possible to require drivers who engage in online ride-hailing to go to the local public security department for the record first, which is a constraint on them.

  Empty Valley Orchid:Personally, I don’t think it is necessary to have a household registration and a vehicle in this city, but the quality of the driver should be good and the integrity should be high.

  At the same time, there are also netizens who believe that a large number of online car-hailing vehicles are located outside the country, causing illegal parking and charging disputes to continue.

  Mr. lonely:A local license plate should be required. In addition, the driver should be strictly reviewed to see if there is any illegal record. I personally feel that after all, in big cities, if you have a driving experience of less than 2 to 3 years, don’t come out to pick people up!

  Back to nature. : I think the online car-hailing should be from this city, and the car in this city. In this case, personal information is easier to understand, and even if there is anything wrong, it is not so difficult to deal with!

  Recently, when the Shanghai traffic law enforcement department rectified the chaos of online car-hailing, it was found that in the Hongqiao transportation hub area, the three online car-hailing platforms, Didi, Uber, and Yidao, all had lax checks and acquiesced in the situation of drivers and foreign-branded vehicles who did not have operating qualifications.

  In the vicinity of Dawang Road in Beijing, at night, online taxis waiting for orders and picking up passengers queue up with some carpooling vehicles to the suburbs, stretching for hundreds of meters, accounting for two of the four lanes. Among them, online taxis with foreign license plates also account for a considerable proportion.

 

  Beijing Transportation Commission: "Beijing People and Beijing Vehicles" Consider Population, Congestion and Air Quality

  On the one hand, many people think that the rules are too strict. If implemented as such, it will inevitably lead to a significant decrease in the number of qualified online car-hailing drivers (taking Shanghai as an example, there are data showing that there are only more than 10,000 online car-hailing drivers with Shanghai household registration, and only a fraction of the 410,000 drivers who have been activated), which will lead to rising prices and affect the convenience of travel. On the other hand, it is also impossible to ignore that since the establishment of the online car-hailing platform, various problems have emerged one after another, especially the fact that although the car-hailing in other places has brought convenience to some people, it has also objectively exacerbated the congestion in some areas.

  In response to why "Beijing people, Beijing cars" are required in the exposure draft of Beijing’s online car-hailing implementation rules, the Beijing Municipal Transportation Commission explained today that online car-hailing,This is determined by considering factors such as the city’s population, urban traffic congestion, and air quality.Some experts said that the "Beijing People and Beijing Car" was formulated with full consideration of Beijing’s needs for employment and population relief, and should be affirmed.

  Around the net about car exposure draft centralized introduction, which revealed those important signals? As the net about car market ultimate participants, how should we participate in the formulation of policy?

  CCTV Review

  Strict management of online car-hailing "savage growth" stage will end

  With the introduction of the new net car exposure draft, although it has not been officially implemented, it has made the entire net car field face new policy thresholds.A series of regulations, from local hukou and local cars to the large number of new cars, all suggest that the current new policy may be stricter on the management of online car-hailing. This may mark the end of the stage of "wild growth" of online car-hailing.

Map/Visual China

  In the past few years, under the trend of "Internet +" and "sharing economy", the online car-hailing market has flourished from scratch, and a number of powerful enterprises have emerged. At the same time, with a large number of subsidies, cheap and fast online car-hailing has also changed the travel habits of many people.

  However, due to the fact that online car-hailing is a new thing in the market, the management of this field is relatively lagging behind, so there are also some problems in the market. For example, there are large loopholes in the standards of people and vehicles, and lax security measures. The management of these aspects has stayed at the level of internal norms of each company, and has not yet formed a unified rule for the whole industry. The introduction of the new policy is to make up for the shortcomings of the policy by summarizing the practice of the online car-hailing industry.

  The New Deal should be "economic fast", not black humor

  Regulating and supervising new things is a necessary way. The question is how to regulate and supervise? At present, the whole society has reached a consensus on some general aspects. For example, making transportation more efficient and safer through Internet platforms, reducing congestion, reducing carbon emissions, and relieving the functions of core cities. No matter whether it is the regulators in Beijing and Shanghai, or the people living in these places and the online car-hailing platforms, they will not object to these.

  Therefore, the New Deal certainly cannot go against these. But from the current exposure draft,In the setting of online ride-hailing management, many standards are higher than those of taxis. This can certainly reduce the impact on the traditional industry, but in this way, whether online ride-hailing can continue to maintain its economic and fast advantages will be put into question, and online ride-hailing platforms will become more and more like taxi companies. Passengers originally hoped that the development of online ride-hailing could force taxi companies to reform, but if the result turned into online ride-hailing "being recruited", it would become a black humor in the development of the Internet economy.

 

  In addition, the restrictions on displacement and vehicle wheelbase in the exposure draft are also considered to be inconsistent with the concept of green travel.

  Thirdly, there is also a lot of controversy over whether online ride-hailing drivers must have local household registration. After all, many places (including Beijing and Shanghai itself) are implementing the residence permit system, and gradually realizing that the public services enjoyed by the residence permit are consistent with those of registered residents.

  Finally, the provisions on ride-hailing in the exposure draft are basically determined to be newly added operating vehicles, rather than encouraging private car owners to engage in ride-hailing or ride-sharing business. This essentially solves the travel problem by increasing the operation of vehicles, which is contrary to the essence of the sharing economy. Because the sharing economy itself solves the travel problem of more people by improving the operating efficiency of existing vehicles.

  Only by asking the people for policies can we find the greatest common denominator of the interests of all parties

  Judging from the feedback from all parties on the exposure draft, the controversy is relatively large, which is not a bad thing. In essence, these disputes should only be differences in the ways in which the parties achieve the common goal, rather than the pursuit of the goal itself. And this goal is to facilitate travel, travel safely, and reduce congestion. To solve this problem, we need to really listen to public opinion and find the intersection of interests between the parties after full controversy.

  More than two months ago, the Ministry of Transport officially issued the "Guiding Opinions on Deepening Reform and Further Promoting the Healthy Development of the Taxi Industry" and the "Interim Measures for the Management of Online Booking Taxi Business Services". The legalization of online car-hailing has ushered in unanimous praise from all parties. This is also the result of collecting public opinion after 9 months. The exposure draft released in October last year was also criticized by the society at the beginning, and the jokers jumped out to complain. However, the rules issued after extensive consultation finally relaxed some standards based on actual feedback, and gained recognition in the design of innovative systems to give play to local autonomy, as well as the "tailor-made" standardized development of online car-hailing.

  At present, the details of online car-hailing, including Beijing and Shanghai, are also soliciting public opinion, hoping to fully absorb the opinions of all parties in the decision-making process. Start with dispute and end with consensus. This is the result of a win-win situation for all parties. Written by CCTV Commentary, Wang Yahong

From the "future factory" built by Wahaha in the mountains, see the technological content behind a bottle of beverage

Recently, the official of the Zhejiang Provincial Department of Economy and Information Technology announced a "List of Future Factories in Zhejiang Province in 2023", identifying 213 factory/workshop projects in Zhejiang Province as provincial future factories, smart factories, and digital workshops in 2023. Among them, Wencheng Wahaha Hongzhen Food Technology Co., Ltd. appeared in the list and was successfully rated as "Zhejiang Province Future Factory in 2023".

Wencheng Wahaha Hongzhen Food Technology Co., Ltd. is the unit of Wahaha Wencheng Factory. This "factory in the mountains", which has attracted much attention since the start of construction two and a half years ago, has also been regarded as the latest thinking and exploration of Wahaha Group in the field of intelligent manufacturing.

The "factory of the future" in the mountains drives rural revitalization and high-quality take-off

Wahaha Wencheng Future Factory is located in Bailuzhou Water Economy Industrial Park, Wencheng County, Wenzhou City. It is the fourth factory invested and built by Wahaha in 26 counties in mountainous areas of Zhejiang Province, and one of the 76 branch factories established by Wahaha in less developed areas across the country in the past 37 years. Wencheng Base covers an area of about 120 acres and mainly produces innovative beverage knock-out products such as Wahaha AD calcium milk, eight-treasure porridge, high-calcium multi-dimensional milk drinks, and coconut milk.

The Wahaha Wencheng project owner said: "Generally speaking, large enterprises build factories in underdeveloped areas, and they may transfer backward production capacity. But Wahaha builds factories to bring the most mature production lines and the most advanced technology to 26 counties in mountainous areas of Zhejiang, and help local industries develop through’technological hematopoiesis’, sowing the seeds of technological take-off in the mountains."

It took only 15 days from negotiation to signing, only 2 months from signing to land supply, only 11 working days from land supply to construction project planning license, and only 7 months from starting construction to commissioning and production of the first production line… Now officially certified as the "factory of the future", the construction of Wencheng factory is not only a vivid example of the industrial prosperity of 26 counties in mountainous areas of Zhejiang, but also runs out of the "Wahaha speed" of intelligent manufacturing project construction.

At present, Wencheng factory has completed multiple rounds of recruitment, with nearly 200 employees, the vast majority of whom are locals in Wencheng County. Wahaha Wencheng factory continues to "make blood" for the local area in terms of providing employment, raw material procurement, and logistics promotion. While driving the development of related industries in the region, it has also taken the lead in setting a model for the intelligent transformation and upgrading of food and beverages.

Fresher, safer, aseptic cold irrigation guarantees the core competitiveness of products

In general, the hot filling process of traditional beverage production lines requires a filling temperature above 90 ° C to meet the sterilization needs of liquids. High temperature sterilization takes a long time and the temperature is high, and some flavor substances in the beverage may be affected by the temperature during this process. The taste and aroma of beverage products filled at room temperature will be more self-heating, but there are higher requirements for the sterilization process.

Wahaha Wencheng factory has introduced the most advanced intelligent aseptic cold irrigation equipment, using dry hydrogen peroxide gas sterilization process, aseptic bottle blowing technology, and aseptic level microbial isolation system, which can achieve the log6 microbial control level, which is the highest standard in the global industry. This also means that each bottle of "Wahaha" that is rolled off the assembly line of Wencheng factory can retain nutrients and flavor to the greatest extent while ensuring product sterilization requirements.

Taking Wahaha "coffee position" coffee as an example, the production process adopts "high temperature spray drip filtration" and "instantaneous fresh-locking technology". Through the filling and sterilization process of the aseptic room temperature cold filling production line, the product realizes aseptic blowing and aseptic room temperature filling, which retains the fresh aroma of coffee to the greatest extent and truly achieves "fresh can" quality.

Cleaner, more efficient, green production escorts green mountains and waters

Looking down from the factory, patches of gray-black photovoltaic panels cover the factory roof like scales.

In response to the national 3060 double carbon policy, Wahaha actively promotes the installation of distributed photovoltaic power generation devices to gradually establish a multi-energy complementary, optimized combination of fossil energy and new energy, and then establish a low-carbon green power system with renewable energy as the main body. Wahaha Wencheng factory has installed a total of 4.5MW distributed photovoltaics, with a total power generation area equivalent to 14.69 standard football fields. The annual power generation and consumption are about 1.30 million degrees, which can reduce carbon dioxide emissions by 1020.5 tons.

Wahaha Wencheng Future Factory practices green production, reducing water consumption and wastewater discharge and improving water resource utilization through steam condensate recovery, RO concentrated water recovery, water-saving management at key water points, and odor biological purification treatment technology in the sewage treatment process. Through the application of a series of green water-saving technologies, it can save more than 10,000 tons of water annually.

What’s more worth mentioning is that Wahaha Wencheng Future Factory has applied Wahaha’s self-developed flexible and intelligent low-emission CIP system for the first time. Each process pipeline in production can automatically call the corresponding cleaning program, cleaning parameters, and customized cleaning according to different production products and processes. To ensure that each pipeline has the shortest cleaning time, the best effect, and the lowest energy consumption. Special recycling treatment and reuse technology is adopted for the acid and alkali used for cleaning. Some of the cleaning water is recycled after special process treatment, which greatly reduces water consumption and sewage discharge. After the implementation of the project, Wencheng Factory will reduce the discharge of cleaning water and sewage by 52% every year, and reduce the consumption of acid and alkali by 30%.

Environmentally friendly has always been an inseparable goal of industrialization. Wahaha Wencheng Future Factory realizes intelligent energy management, improves energy utilization efficiency, and establishes a high-standard and highly integrated smart energy management system to promote industrial development while caring for greener mountains and greener waters.

Smarter, more flexible, full-link upgrades lead the era of Industry 4.0

Behind a bottle of beverage is Wahaha’s "butterfly change" breakthrough in full-link production autonomy and intelligent construction over the years.

As early as more than a decade ago, Wahaha began to lay out the digital and intelligent transformation. From the earliest introduction of foreign advanced production lines, to the later introduction of stand-alone integrated automated production lines, to the design and planning of future factories, through the "three-step" strategy, Wahaha has taken the lead in realizing the transformation and upgrading from automation to intelligence.

It is precisely because of its deep cultivation of back-end innovation capabilities that Wahaha has become the only enterprise in the food and beverage industry with the ability to develop, design, and manufacture molds, beverage production equipment, and industrial robots by itself. It was selected as the "first batch of intelligent manufacturing demonstration units of the Ministry of Industry and Information Technology of China" in 2015, and built the first intelligent beverage production line in the domestic industry in early 2017.

Today’s Wencheng Future Factory is fully confirming Wahaha’s latest practice of intelligent manufacturing. Relying on the WERP platform, Wahaha Wencheng Factory can quickly achieve interconnection with the group’s resources, information and data, integrate and apply the most advanced aseptic intelligent manufacturing equipment and modular production process in the industry, "one-click intelligent control" ingredient center, intelligent visual inspection, 5G intelligent warehousing, intelligent logistics platform and other advanced technologies to achieve comprehensive improvement in efficiency, cost, quality and other indicators, leading the future factory construction of the food and beverage industry.

This also means that Wahaha Wencheng’s future factory has been completely different from the Industry 3.0 format, but through the Internet of Things to connect automation equipment with orders, materials, networks, and data, and perform full-link information processing and calculation, ultimately with the least waste, the easiest and most effective communication, reducing intermediate participation links, and realizing the efficiency and energy conservation of Industry 4.0 production.

Step by step, steady progress. What is visible is the bottle of beverages on the shelf, what is invisible is the steady technological "internal strength" behind it, and consumers are expressing their enthusiasm and trust in the brand with good word-of-mouth evaluation and actual purchasing power. As Wencheng’s future factory "Wahaha" rolls off the production line and is sold nationwide, Wahaha will continue to move towards the "intelligent manufacturing benchmark" in the food and beverage industry.

Evergrande was officially ordered to be liquidated, how big was the impact?

Today, China Hengda (03333.HK), Hengda Automobile (00708.HK), Hengda Property (06666.HK) suspended trading. As of the time of suspension, the three companies fell by 20.87%, 18.21% and 2.50% respectively.

On the news, the liquidation case of China Evergrande was re-heard in the Hong Kong High Court. The judge said that China Evergrande’s workout plan lacked progress, and the company was insolvent. It officially ordered Evergrande to be wound up, and held a hearing this afternoon to deal with the regulatory order and issue written reasons.

According to the Securities Times, a liquidation petition is a common means of debt collection under the Hong Kong legal system. The court issues a liquidation order, which declares that the company has entered bankruptcy and liquidation procedures. This means that the Hong Kong capital markets have ushered in the largest bankruptcy and liquidation of a real estate company. China Evergrande, which has debts of 2.40 trillion yuan, has been subject to creditors’ application for liquidation. In order to delay the liquidation, it has repeatedly expressed the preparation of a new workout plan. However, due to the slow progress of the workout plan, it was eventually ordered to be wound up by the court.

In fact, there are already signs that China Evergrande is about to receive a winding-up order. According to the official website of the Hong Kong Judiciary, Judge Chan Jing-fen is scheduled to hold a hearing on a potential regulatory order on the afternoon of January 29. Once such a regulatory order takes effect, it means that the court will oversee the winding-up process, which may involve the appointment of a liquidator.

The winding-up hearing has been postponed several times before

I was still trying to liquidate my debt last week

For Evergrande, the way to avoid a winding-up petition is to complete the workout. In order to win the approval of the restructuring plan, China Evergrande’s winding-up hearing has been delayed for a long time, with a total of seven delays.

The Hong Kong High Court had previously decided to postpone December 4, 2023 as the last time for China Evergrande’s liquidation hearing. However, at that time, China Evergrande was granted another extension time after the applicant suddenly said that it would not ask the court to issue a liquidation order and did not object to China Evergrande’s application for adjournment.

The winding-up order, which may be tied to the entry of new applicants, has been reported to include a winding-up petition at the hearing by a special panel of major overseas bondholders, a provisional group of creditors holding more than $2 billion in offshore notes secured by Evergrande and its backers. Industry lawyers say the move increases the chances of an immediate winding-up order.

Evergrande had been pushing for a restructuring plan to avoid liquidation. However, at the end of September and the beginning of October 2023, with Evergrande Real Estate and Xu Jiayin being investigated successively, China Evergrande could not meet the eligibility for the issuance of new bills, resulting in the failure to implement the restructuring plan that all parties had been working hard to promote. Since then, Evergrande has not disclosed a new workout plan.

China Evergrande tried to come up with a last-minute workout to avert a possible imminent liquidation before a liquidation hearing at the end of December. The plan is understood to include converting some of the debt held by foreign creditors into equity in the company and two Hong Kong-listed subsidiaries, and repaying the remainder with non-tradable "certificates" backed by foreign assets. However, creditors are widely seen as unlikely to accept Evergrande’s new plan, given the low likelihood of debt recovery and growing concerns about Evergrande’s future.

Just a few days ago, on January 25, the company also announced the sale of the interests of a project company. According to the announcement, Hengda Real Estate Group Guangdong East Co., Ltd. (the transferor), a subsidiary of China Evergrande, signed an agreement with (among others) the transferee, Shantou Hengyao Real Estate Development Co., Ltd., the transferor will transfer its 65% interest in the project company (Shantou Hengming Real Estate Development Co., Ltd.) to the transferee for a total consideration of 137.60 million yuan. As part of the transaction, the project company will forgive part of the debt of the transferor and its contacts to it, amounting to 376 million yuan. In the announcement, Hengda stated that the sale will revitalize the group’s projects, promote the resumption of work and production of the surviving projects, and protect the legitimate rights and interests of project investors, creditors, and homebuyers.

China Hengda recently disclosed that as of the end of November 2023, Hengda Real Estate involved a total of about 316.391 billion yuan of unliquidated maturing debts; at the end of October this figure was 301.363 billion yuan. In addition, as of the end of November 2023, Hengda Real Estate overdue business tickets accumulated about 2055.37 billion yuan.

In terms of litigation, as of the end of November 2023, Hengda Real Estate had a total of 2053 pending proceedings with a target amount of more than 30 million yuan, and the total amount of the target amount was about 490.069 billion yuan; at the end of October, these two figures were 2002 and 470.755 billion yuan respectively. During November 2023, Hengda Real Estate added 101 pieces of information to be executed compared with the end of October, and the total amount of new executions was about 13.048 billion yuan.

Evergrande real estate 2022 annual report shows that the company’s total liabilities 1.833819 trillion yuan, total assets 1.468557 trillion yuan, has been insolvent.

Hengda Sean: I have done my best, I am very sorry

According to the 21st Century Business Herald, in response, China Evergrande Executive Director, CEO, and Evergrande Group Executive President Sean responded that the Group and China Evergrande have made every effort to defend the petition for overseas liquidation. Previously, the Group supported and urged China Evergrande and its advisory team to continue to conduct comprehensive and in-depth exchanges with various creditors, adhere to the principles of marketization, rule of law, and internationalization to treat domestic and foreign creditors fairly, actively promote overseas workouts, and maximize and fairly protect the maximum interests of domestic and foreign creditors based on the actual situation of the company.

Sean said that although we have been working towards repairing and improving asset value and business vitality, objectively, the group’s operation is facing huge difficulties, resources are extremely limited, and the preliminary voting of creditors has not met expectations. Hengda Real Estate has been investigated by the China Securities Supervision Commission, and the group’s actual controllers have been taken compulsory measures according to law for suspected illegal crimes. The company also believes that it cannot meet the relevant legal conditions for key aspects of overseas workout. These circumstances make various uncertainties continue to intensify, so that the workout plan is ultimately difficult to implement. Today’s court ruling is contrary to our original intention. We can only express our best efforts and regret for this.

Next, the Group will face difficulties and problems, take all legal compliance measures, and steadily promote the normal operation of the Group’s business on the premise of protecting the legitimate rights and interests of domestic and foreign creditors.

Sean stressed that the subject of the overseas liquidation order issued by the court this time is China Evergrande, which is listed in Hong Kong. At present, the management and operation system of Evergrande Group and other domestic and foreign subsidiaries as independent legal entities remains unchanged. The group will still strive to do everything possible to ensure the stability of domestic business and operation, steadily advance key tasks such as guaranteeing the delivery of buildings, and maintain the quality of property services. It will still make every effort to ensure the smooth progress of risk resolution and asset disposal. It will still try its best to advance all work fairly in accordance with the law. 

Liquidation or impact on foreign assets

Expert: Guaranteed building has legal protection

According to the HKFC, under the relevant laws of Hong Kong, the court may issue a winding-up order against a company once it is satisfied that one of the requirements set out in section 177 (1) of the Companies Winding-up Ordinance (including the company’s insolvency) has been met. The court will take into account the wishes of the creditors and the principles of justice and fairness.

During the compulsory winding-up period, all proceedings against the company and actions by creditors are automatically suspended unless the court grants permission for such proceedings to begin or continue. In addition, the powers of the directors will be suspended, while the court-supervised liquidator will be responsible for recovering and realising the company’s assets, investigating the company’s affairs, adjudicating creditors’ claims, and distributing to creditors from the winding-up estate. Once the company is wound up, the liquidator will apply to the court to release the liquidator from liability and dissolve the company.

According to the Daily Economic News, a senior lawyer said that the liquidation of China Evergrande will not directly affect the domestic subsidiaries of Evergrande Group in the short term, such as the most concerned Hengda Real Estate. The bankruptcy liquidation of China Evergrande will not directly lead to the bankruptcy of Hengda Real Estate. At most, the equity of Hengda Real Estate held by China Evergrande may be disposed of during the bankruptcy liquidation process.

In addition, within the territory, home buyers have the statutory "super priority" according to law. On April 20 last year, the Supreme People’s Court issued the "Reply of the Supreme People’s Court on the Protection of Consumer Rights of Commercial Housing" (Fa Shi [2023] No. 1) (referred to as the "Reply"), which makes it clear that if a consumer of commercial housing purchases a house for the purpose of living and has paid the full price, and claims that his claim for the delivery of the house has priority over the right to payment for the price of the construction project, the mortgage and other claims, the people’s court shall support it. At the same time, the Supreme People’s Court also pointed out that in the case that the house cannot be delivered and there is no possibility of actual delivery, if the consumer of commercial housing claims that the right to return the price has priority over the right to payment for the construction project price, the mortgage and other claims, the people’s court shall support it.

According to the 21st Century Business Herald, a legal expert familiar with the situation said that, in general, as long as the debt risk is resolved in accordance with the law and regulations, the guaranteed building is guaranteed by law, which is the saying that "the sky cannot fall". The court’s ruling means that although China Evergrande has made every effort to defend the liquidation and promote the workout, it is still being liquidated due to its long-term accumulation of serious defects, and may eventually lead to the dissolution of the overseas company. Although there are still cases in history that the company can try to revoke the liquidation order by restarting the workout procedure under the leadership of the liquidator, the current probability for China Evergrande is only theoretical. 

"A fair, ordinary and objective view of China Evergrande’s liquidation"

 

According to the 21st Century Business Herald, a senior market observer pointed out that there are some wrong views in the current public opinion field, confusing Hengda’s long-term financial fraud and other illegal and illegal or even criminal problems with the accumulation of risks into a common problem of real estate enterprises, and even trying to distort Hengda’s risk into not supporting the rescue of private enterprises. These wrong views have obvious flaws in the arguments and arguments.

The above-mentioned observers believe that the market and public opinion should treat private enterprises and state-owned enterprises equally, and distinguish between "good children" who abide by the law and "bad children" who violate laws and regulations or even commit crimes on the basis of caring for the development of enterprises and maintaining the space for fault-tolerant innovation. Our country supports and encourages the development of private enterprises, which is to prevent the situation of bad money driving out good money in a timely manner, and to maintain a good business environment, let alone allow the "bad children" to develop brutally and bully the "good children".

In the market observer’s opinion, Evergrande’s problem is a "bad boy" problem, which means that we should view the company’s suspected violations of laws and regulations and the liquidation of Evergrande Group’s overseas entities with fairness, common sense and objectivity.

On the one hand, those who have stepped on the legal red line and challenged the bottom line of legal fairness and justice, whether the company is booming or winding up and going bankrupt, there is no exception, let alone "too big to fail". For China Evergrande, even if some creditors are willing to take risks to promote the successful restructuring, I am afraid that it is not the "gold medal" for the company to escape legal responsibility at home and abroad, and will be held accountable according to law.

On the other hand, the Hong Kong court ordered the liquidation of one of the overseas listed entities. Being liquidated in the relatively mature Hong Kong market is generally one of the inevitable results that Evergrande Group will face for a long time to expand aggressively, accumulate risks, and even violate laws and regulations. It is in line with market practice and is also expected.

In addition, Hengda Group’s main business is located in China. According to the current comprehensive information, the progress of Hengda’s construction projects is generally stable. According to industry sources familiar with the situation, Hengda’s housing delivery volume has approached 80%, and individual projects may be difficult. However, I believe that with the promotion of all parties, the housing delivery problem can eventually be properly resolved.

The market observer said that Hengda’s problem is indeed serious, but the market does not need to be overly anxious. On November 27, 2023, the eight departments of the state jointly issued 25 measures to support the private economy, which strongly reflects that we are constantly increasing our support for the private economy in terms of concept, system and implementation. At the same time, the judicial organs, regulatory authorities and the market are also constantly improving the punishment mechanism for enterprises and individuals who undermine market justice and fairness, violate laws and regulations and even commit crimes, so as to maintain a good environment for the development and growth of the private economy.