The gun-launched missile launched by the T-95 tank can penetrate 1200mm thick armor at a long distance [data picture].

　　Click to browse military videos.

　　

　　

　　Mobile display of the latest Russian T-90C main battle tank wearing a new camouflage system [data photo]

　　Russian Deputy Defense Minister makarov told Russian media on the 22nd that Russia is testing a tank with excellent performance, and the test work will end next year, and the army will be produced and equipped in 2009.

　　Ten years ahead of the west

　　Makarov said that the combat performance of this new type of tank is better than that of all types of tanks at home and abroad, and its running device, driving device, fire control system, weapon, target identification and reconnaissance system are all new.

　　The analysis pointed out that Russia’s new tank is most likely the T-95 speculated by the outside world. As early as the mid-1980s, the former Soviet Union started the development plan of the fourth-generation main battle tank T-95, but it stopped for various reasons. This new tank weighs 50 tons, and its length and width are basically the same as those of T-72 and T-80. It has absorbed many advantages of active tanks and given more special properties, which has far exceeded the new main battle tank being developed in the United States. It is said that it will take at least 10 years for the west to catch up.

　　The fourth generation of new modeling

　　According to the data, the firepower is one of the biggest advantages of the T-95. In addition to the comprehensive strike fire system, its gun-launched missiles can penetrate 1200 mm thick armor at a long distance, and the hit rate is guaranteed to be above 80%. The T-95 has a maximum off-road speed of 85km/h and is equipped with an intelligent suspension device, which doubles the off-road speed and improves the stability by 10 times.

　　In terms of protective measures, T-95 adopts all-titanium alloy modular armor with high strength and good toughness, so that the resistance can reach or exceed 1500 mm thick steel plate. Different from the previous Russian tanks, the T-95 broke the tradition and adopted the unmanned turret design, and its automation degree was obviously improved. The tank crew will be reduced to two, namely the captain and the driver (and mechanic). It pays attention to the ergonomic design, the cockpit is completely separated from the combat cabin with armor plates, the chair is comfortable, the cabin activity space is more spacious than other tanks, and the fatigue factor caused by narrow space is reduced.

　　In addition, the T-95 is equipped with the most modern radio equipment. With its low profile, powerful artillery, advanced protection and anti-dust measures, T-95 can have an advantage in the confrontation with any modern tank.

　　Russia stepped up its armament.

　　Russian President Vladimir Putin said in his State of the Union address in April this year that Russia must continue to strengthen its armed forces, and Russia has begun to implement the national weapons and equipment plan for 2007-2015, most of which should be used to purchase new weapons and military technology and equipment in bulk. According to Russian media reports, Russia’s defense budget in 2007 was 822 billion rubles (US$ 1 is about 25 rubles), which means that Russia urgently needs weapons and equipment, most of which will be used to update naval weapons and equipment, at least 50% of which will be used for submarine forces.

　　Military industrial complex is the success of Russian defense industry, which has high technology and innovative vitality, and employs tens of thousands of people. In 2005, Russia’s weapons and equipment have been exported to 61 countries, with a total export value exceeding $6 billion.

　　

　　

　　Ace tank performance competition Russia announced the launch of the world tank king

　　Xinhuanet Moscow, December 22 (Reporter Lu Jingli) Russian Deputy Defense Minister makarov told Russian media on the 22nd that Russia is conducting an experiment on a tank with excellent performance. The experiment will end next year and the army will be produced and equipped in 2009.

　　Makarov said that the combat performance of this new type of tank is better than that of all types of tanks at home and abroad, and its running device, driving device, fire control system, weapon, target identification and reconnaissance system are all new. Read the full text ""

　　Ace tank performance competition

　　

　　

　　Technical performance of German Leopard -2 main battle tank

　　Leopard -2 main battle tank (A4 type) has a total weight of 55 tons and four crew members. The design of the tank puts the crew’s survivability at the top of the 20 requirements. Both the car body and turret are equipped with clearance composite armor, and the front end of the car body is pointed, with a thick side skirt. Read the full text ""

　　

　　

　　American M-1 "abrams" main battle tank

　　In February 1981, the Army approved the production of 7,058 M1 tanks, and officially named them M-1 abrams main battle tanks. In September 1981, Lima Tank Factory and Detroit Tank Factory started small batch production, and in March 1982, Detroit Tank Factory began to manufacture production vehicles. Read the full text ""

　　

　　

　　Israeli "Merkava" main battle tank

　　Merkava MK2 tank was delivered to the Israeli army in December 1983, and Merkava MK3 tank was put into production in 1987. By the beginning of 1988, Israel had produced about 800 Merkava tanks. A total of $65 million was spent on research, development, testing and production of prototype cars. Read the full text ""

　　

　　

　　British Challenger -2 tank

　　Britain’s Challenger -2 tank is known as one of the most advanced main battle tanks in the world today. British commanders gave "reassurance" to the officers and men serving in the front line in Iraq, saying that the weapons that can penetrate Challenger-2 tank have not yet been made. Read the full text ""

　　

Editor: Cao Jin

1905 movie network news On April 25th, the 16th National Cinema Domestic Film Promotion Conference was officially opened in Qingdao in the spring of 2018. Dozens of distribution companies will focus on promoting more than 70 outstanding domestic films (including co-productions) within two days. On the first day of the promotion, cast members such as,,, and came to the stage to make presentations, and stars such as Rene Liu, Zhang Yibai, William Chan, Richie Jen, Shenyang, Pan Binlong, Peng Yuchang and Zifeng Zhang appeared in succession to CALL their new films.

Rene Liu’s "Later Us" revealed that William Chan had gained muscle for Temujin.

Two "May 1st" new films "Later Us" and "The Age of God of War" are particularly eye-catching, and both of them will meet the audience on April 28th. "Later Us" is a youth romantic film directed by Rene Liu, supervised by Zhang Yibai and starring Jing Bo Ran, Zhou Dongyu and Tian Zhuangzhuang. On the same day, Zhang Yibai exposed the ultimate trailer of the film in advance, and Rene Liu took the stage and said, "I always believe in sincere feelings and believe that it is very powerful. I hope you can help more people see this film."

As a rare movie with the theme of northern grassland in China, the creation inspiration of "God of War" originated from ancient grassland legends, and based on the legendary hero Temujin, it extended the framework of a vast era of grassland heroes. The film director Haas Chaolu was injured in the circus during filming, and he was injured again that day. At the scene, Haas Chaolu talked about the creative process and said, "In the past, I made literary films to express my personal feelings, while commercial films were completely different, so I should pay attention to the audience and the market." For the starring William Chan, Haas Chaolu admired it. "I gave him more than 95 points for his performance, and I believe everyone will see a completely different Temujin."

On the same day, William Chan also came to the scene to share his challenge in filming "The Age of War". He revealed that his biggest challenge was to gain muscle. For the role, he increased from 140 pounds to 180 pounds. "It was very bitter. I could only eat chicken breast and eggs every day for four or five months. Another challenge is that I don’t eat sheep and I don’t drink. Playing Temujin is a big challenge. "

Timmy Xu’s first big-screen show, The Amateur Agent, has set a target of 3 billion for Asura.

In addition, there are many blockbuster new films announced at the event. Among them, Timmy Xu, Darren Wang, Milla Jovovich, Sandrine Pinna, etc. are scheduled for December 21; The final file starring Shen Teng and Mabel Yuan is June 22; Allen and Wang Zhi are scheduled for December 28th. Other new films have not yet set a specific release date, but are expected to be released in the summer of 2018, including those starring Richie Jen, Nick Cheung and Andy, Chow Yun Fat and Aaron Kwok, Feng Gong, Haoran Liu and Yun-peng Yue, Han Geng and Yamashita tomohisa.

The fantasy film starring Leo, Tony Leung Ka Fai and Carina Lau has been previously announced to be released in the summer of 2018, and the producer who recommended the film that day revealed that the film’s target box office is 3 billion.

In this era of pursuing speed and passion, off-road SUV has become the dream car of many drivers. They can not only ride freely on the rugged road, but also give drivers a sense of pride and ambition to conquer nature and challenge themselves. Among many off-road SUVs, with its million-level luxury quality, cool appearance and strong off-road ability, it has become a bright star in the field of medium and large luxury SUVs.

Off-road performance, comprehensive upgrade

As an off-road SUV, Range Rover Sport Edition’s off-road performance can’t be ignored. It is equipped with a combination of a 3.0T turbocharged engine and a 48V light hybrid power system, matched with an 8-speed automatic manual transmission, with a maximum horsepower of 40 0 horsepower, a maximum power of 294kw and a maximum torque of 550 Nm. This kind of power combination makes the Range Rover Sport Edition low-twist and powerful when it is off-road, while ensuring high-speed explosiveness. The addition of light hybrid power system reduces the fuel consumption of daily vehicles, allowing drivers to enjoy off-road fun while taking into account economy. In order to ensure off-road performance, Range Rover Sport adopts a four-wheel suspension chassis structure, and is equipped with a full-time four-wheel drive system and a central differential. With the blessing of the central differential lock, the ability to get out of trouble is more guaranteed. In addition, the minimum ground clearance is 216mm, the approach angle is 22.5 degrees, the departure angle is 24.9 degrees, and the maximum wading depth is 900mm. These parameters indicate that the Range Rover Sport Edition has reached a very high level in off-road performance.

Intelligent driving, comfortable enjoyment

In addition to off-road performance, Range Rover Sport has also made a lot of optimization in terms of comfort. It adopts the high-cost design of four-wheel single suspension, which allows the vehicle to achieve both comfort and performance. This kind of design is also rare in China at present. At the same time, the Range Rover Sport Edition lightens the all-aluminum body and multi-link structure, which makes the body mass smaller, but the stability is better. This design not only improves the dynamic response and posture of the vehicle, but also greatly improves the comfort. In terms of intelligent driving, Range Rover Sport Edition is equipped with a variety of intelligent technologies. For example, it has the functions of low-speed four-wheel drive, wading induction system (optional) and crawling mode. These functions not only make off-road easier and safer, but also enable drivers to better control the vehicle and enjoy off-road fun.

Hard-core style, luxury experience

Range Rover Sport Edition adopts a hard-core style in design, giving people a sense of sight and meaning of embracing nature and the vast sky. Its front grille looks more exquisite, and with the family-like appearance lines, it adds a bit of style to this car. This design style is very in line with the aesthetic needs of current consumers, and also shows the positioning of Range Rover Sport as a luxury SUV. In terms of interior, Range Rover Sport also shows its luxurious quality. It uses high-quality materials and fine craftsmanship to create a noble and comfortable driving environment. At the same time, it is also equipped with a variety of intelligent driving assistance systems and intelligent interconnection technology, so that drivers can enjoy driving more conveniently and safely.

To sum up, Range Rover Sport Edition is a luxury medium and large off-road SUV with a starting price of 968,000, and its product strength and off-road capability have reached a very high level. It is the best choice for this class in terms of power, off-road performance, comfort and intelligent technology. If you have an unruly heart and want to conquer nature and challenge yourself after work, then Range Rover Sport is undoubtedly your best partner.

　　　　On April 4th, in Bucharest, Romania, Russian President Vladimir Putin attended a press conference after the NATO-Russia Council meeting. Putin spoke positively of the meeting as a whole, but at the same time he once again expressed his dissatisfaction on controversial issues such as NATO expansion. Xinhua News Agency reporter Xu Jinquan photo

　　　　As many people had expected, Russian President Vladimir Putin showed people a calm smile in Bucharest this time, instead of a cold face and aggressive words.

　　　　Although Russia is not a formal participant in this NATO summit, the results of the meeting show Russia’s influence that cannot be ignored everywhere-the accession of Ukraine and Georgia will be put on hold for at least several years; If the United States wants to complete its plan to deploy a missile defense system in eastern Europe, it must continue to "convince" Russia; In addition, it seems that not many people are keen to talk about the Kosovo issue at this summit. Obviously, in this round of game, Russia has safeguarded its core interests to the maximum extent by virtue of its growing strength and skillful diplomatic skills.

　　　　Analysts have noticed that compared with his words and deeds in Munich more than a year ago, Putin’s attitude in Bucharest has undergone an impressive change. On the one hand, it still refuses to budge on issues concerning national interests; On the other hand, it puts more emphasis on dialogue and cooperation. Putin made it clear that Russia is willing to carry out constructive cooperation with NATO and jointly seek solutions to major problems in today’s world. As a concrete measure of cooperation, the Russian government announced that it agreed that NATO would transit Russian territory (land) to transport "non-military materials" such as food and fuel to the International Security Assistance Force in Afghanistan. It can be considered that Putin stood at a high point again this time. What NATO countries, including the United States, should understand is that dealing with countries like Russia can’t solve any problems by coercion and squeezing. Only by carrying out dialogue and cooperation on the premise of respecting each other’s interests and concerns can a benign interaction be formed. In this regard, Putin seems to have taught his NATO opponents another lesson.

　　　　Putin’s trip to Bucharest can also be regarded as a fixed-tone trip. After Russia elected a new president, the west has been trying to find out the future diplomatic direction of Russia, especially whether its attitude towards the west will become more moderate. In fact, Putin’s "curtain call performance" in Bucharest has clearly explained everything: resolutely safeguarding national interests is the bottom line of Russian diplomacy. As long as you don’t touch this bottom line, everything is negotiable. Russia’s national interests determine that its diplomacy can only adopt such a posture, which is not something that anyone can change if he wants to. In this sense, Putin’s words and deeds in Bucharest also set the tone for the diplomatic line and policy of the next President of medvedev. (Chen Dawei)

Editor: Li Erqing

　　The Fifth Plenary Session of the 18th CPC Central Committee put forward the idea of "deeply implementing the innovation-driven development strategy and giving play to the leading role of scientific and technological innovation in all-round innovation". China has entered the Internet era. To implement the innovation-driven development strategy and build an innovative country, we must promote the development of "internet plus Science and Technology" and innovate the development model of science and technology in China.

　　Comrade Deng Xiaoping pointed out that "science and technology are the primary productive forces". Although China is an economic power, and its GDP ranks second in the world, it is not yet an economic power. One of the fundamental reasons is that China’s scientific and technological innovation ability is still relatively weak. In September this year, the World Intellectual Property Organization, Cornell University and Yingshi International Business School jointly released the 2015 Global Innovation Index. Among the 141 economies in the world, Switzerland, Britain, Sweden, the Netherlands and the United States ranked in the top five, and Chinese mainland ranked 29th.

　　The Fifth Plenary Session of the 18th CPC Central Committee put forward the idea of "deeply implementing the innovation-driven development strategy and giving play to the leading role of scientific and technological innovation in all-round innovation". China has entered the Internet era. To implement the innovation-driven development strategy and build an innovative country, we must promote the development of "internet plus Science and Technology" and innovate the development model of science and technology in China.

　　First, promote the disclosure of scientific and technological information with "internet plus". For a long time, there has been a problem of repeated research and development of science and technology and repeated investment in science and technology funds in China, which not only wastes the time and energy of science and technology workers, but also wastes the limited science and technology funds of the central and local governments. An important reason for this situation is "information asymmetry", that is, a science and technology worker does not know whether others have carried out relevant research, and a science and technology department does not know whether other science and technology departments have funded similar projects.

　　Internet is a connector to eliminate "information asymmetry". For example, through the establishment of a national unified Internet-based information platform for scientific and technological projects, cross-regional and cross-departmental information sharing of scientific and technological projects can be realized. Before funding a project of a scientific and technological staff, the competent department of science and technology should first inquire about similar projects and the funded situation of the scientific and technological staff, so as to avoid repeated investment in scientific and technological funds. The research results of non-confidential scientific and technological projects invested by the government should be made public to the whole society through the Internet. The contents published through the Internet include the general situation of scientific and technological projects, research reports, published related papers, experiments or test data, developed samples and prototypes, etc.

　　In the field of scientific research, many European and American countries have launched an "Open Access" movement, aiming at opening up the scientific research results funded by the government to the public. The governments of these countries believe that scientific research funds come from taxpayers and scientific research results should be open to taxpayers. In 2013, the Obama administration issued an executive order requiring that government-funded research should be open to the public free of charge within one year of its publication, involving 15 units including the National Science Foundation, the Ministry of Education and NASA.

　　In September this year, the Central Office and the State Council issued the "Implementation Plan for Deepening the Reform of the Science and Technology System", proposing "to fully implement the national science and technology reporting system, establish a service mechanism for sharing scientific and technological reports, and take the submission and sharing of scientific and technological reports as the basis for subsequent support to the project undertaker". To this end, a national database of scientific and technological reports should be established, in which non-confidential scientific and technological reports should be made public to the whole society through the Internet.

　　Publicizing scientific and technological information through the internet can not only reduce repeated research and development and repeated investment in scientific and technological funds, but also make scientific and technological workers truly "stand on the shoulders of giants"; But also can promote the docking of supply and demand between scientific and technological development units and potential users, and improve the transformation rate of scientific and technological achievements in China; We can also reduce some other bad phenomena in the field of science and technology by introducing social supervision, such as rent-seeking and corruption caused by black-box operation of science and technology projects, appropriation of other people’s scientific research achievements, forgery of experimental data or products and other misconduct.

　　Second, promote the sharing of scientific and technological resources with "internet plus". The Implementation Plan for Deepening the Reform of the Science and Technology System proposes to establish a unified and open national network management platform for scientific research facilities and instruments, bring all qualified scientific research facilities and instruments into the platform management, and establish an open sharing system and operation subsidy mechanism for major national scientific research infrastructure and large scientific research instruments. In addition to scientific research facilities and instruments, scientific and technological resources include scientific and technological talents, scientific and technological capital resources, scientific and technological information resources and natural resources.

　　To carry out collaborative innovation and make scientific and technological work form a joint force, we must promote the sharing of scientific and technological resources. The key to promoting the sharing of scientific and technological resources is to find out the family background, clarify the present situation of scientific and technological resources in China, and eliminate the "information asymmetry" between the supply and demand sides of scientific and technological resources. For example, establish a national database of scientific and technological talents, and include scientific and technological personnel with senior titles or doctoral degrees in the national database of scientific and technological talents. The data items include basic information such as name, date of birth, place of origin, educational experience, hosting or participating in scientific research projects, scientific research achievements and contact information. Integrate scientific and technological information resources such as scientific documents and scientific data, establish scientific and technological databases and platforms, and provide scientific and technological information services through the Internet.

　　Third, promote the innovation of science and technology model with "internet plus". Whether it is an enterprise, a university or a scientific research institution, the number of scientific and technological personnel it has is always limited, and the ability of scientific and technological personnel is often limited. Many enterprises, universities and research institutes have encountered scientific and technological problems that cannot be solved by the scientific and technological personnel of their own units alone.

　　In recent years, a new model-Internet crowdfunding has emerged in the field of scientific and technological innovation. American innovation websites have gathered more than 300,000 people around the world and have solved 1,700 top technical problems for the world’s top 500 enterprises. "How to accurately predict solar flares and keep the space shuttle from bad weather" has puzzled NASA scientists for 30 years. In 2010, this puzzle was published on this website. 120 days later, Bruce Kragen, a retired radio engineer in New Hampshire, provided the solution.

　　As the saying goes, the master is in the people and the wisdom is in the people. At the executive meeting of the State Council held on June 24th this year, Premier Li Keqiang pointed out: Great things can be achieved by gathering wisdom from many people. We should give full play to the superposition effect of "China wisdom" and inspire the wisdom of hundreds of millions of people through the Internet. Scientific and technological innovation through internet crowdfunding can make regions and units that are short of scientific and technological talents realize "not wanting everything, but seeking use" for scientific and technological talents, and to some extent alleviate the problems caused by the uneven distribution of scientific and technological resources in China.

　　Fourth, promote the development of "intellectual property rights in internet plus". Intellectual property is the most important embodiment of scientific and technological innovation, and the competent department of intellectual property should do a good job in the creation, application, protection, management and service of intellectual property with Internet thinking.

　　Support the construction of third-party intellectual property information platform, eliminate the "information asymmetry" between intellectual property owners and potential intellectual property buyers or users, and promote the docking of intellectual property supply and demand and the transformation of scientific and technological innovations. Strengthen the protection of intellectual property rights by using the internet. Publicizing the information of intellectual property law enforcement cases through the Internet, effectively deterring infringers. Accelerate the construction of intellectual property credit database, intellectual property credit information system and intellectual property credit information network, and carry out joint credit punishment on legal persons and natural persons who maliciously infringe intellectual property rights, so as to increase their opportunity cost of breaking the law. Implement online services, and let users know the acceptance, review progress and review results of their patent applications in a timely manner through the App of the competent intellectual property department. Support intellectual property service institutions to innovate business models through "internet plus". Support third parties to establish intellectual property service apps, integrate intellectual property service resources, and provide online consultation, online trading, online comments and other services.

　　As the saying goes, "bull market makes people crazy, bear market makes people grow". In the past year, all investors of A shares must have felt deeply about this. From the "leveraged bull" and "reformed bull" at the beginning of the year, to the huge earthquake in the middle of the year and the gradual stabilization at the end of the year, investors generally felt the feeling of riding a roller coaster, and the scenes of "down limit of thousands of shares", "daily limit of thousands of shares" and even "suspension of thousands of shares" also increased everyone’s knowledge. On the first trading day in early 2016, investors may wish to review the A-share market in 2015, hoping that the future market can move forward in reflection and truly let investors feel the dividends brought by the "reform cow" in the new year.

　　9.4%

　　A-shares rose by 9.4% in 2015, the first time in eight years that they rose for two consecutive years.

　　72%

　　What is violent shock? In 2015, the annual amplitude of the Shanghai Composite Index was as high as 72%. The warning of ambush in the ups and downs of the market is never out of date: the stock market is risky and investment needs to be cautious.

　　5178.19

　　On June 12, 2015, the Shanghai Composite Index reached the highest point of this bull market: 5178.19 points, setting a new high in the past seven and a half years. Li Daxiao, chief economist of Yingda Securities, called this "the top of the earth".

　　2850.70

　　From June 15th to August 26th, the Shanghai Composite Index dropped by 45%, and the lowest point was 2850.70 on August 26th, and the biggest drop of the Growth Enterprise Market was 56%.

　　20222

　　The data shows that in 2015, the per capita profit of A-share shareholders was 20,222 yuan, with a yield of 12.41%. The proportion of profitable people is 62%, and the proportion of losing people is 38%. Shareholders with a profit rate of less than 20% accounted for the largest proportion, accounting for 46.52%; 22.77% made a profit of more than 50%. Among the shareholders who lost money, the proportion of shareholders who lost less than 20% was 51.84%, and the proportion of shareholders who lost more than 50% was 8.08%. Among the profit-making people, about 70% of the shareholders earn less than 50,000 yuan, and about 80% of the shareholders lose less than 50,000 yuan. According to the regional ranking, Shanghai investors are the most profitable, with a per capita profit of 39,950 yuan.

　　5129

　　By the end of 2015, there were 5,129 companies listed on the New Third Board, 3.26 times that at the end of 2014; The total market value reached 2.46 trillion yuan, 4.35 times higher than the total market value of 459.1 billion yuan at the end of 2014. At present, the price-earnings ratio of the New Third Board is 47.23 times.

　　Sun-drying A-share transcripts

　　Name Current Price 2015

　　margin of increase

　　Venezuela IBC14588.25278.06%MSCI Jamaica 2010.4193% Shenzhen Component Index 12664.8914.98% Germany DAX10743.0113.45% Shanghai Composite Index 3539.189.41% Nikkei 22519033.719.01.

　　From the perspective of the world, A-shares delivered a good report card in 2015, with Shenzhen Component Index slightly ahead of Germany DAX Index, followed by Shanghai Composite Index. However, A-shares are not the most "crazy" stock market. In fact, the most "crazy" stock market in the world is Venezuela, with an increase of 278%, and the Venezuelan stock market has been ranked first in the global stock market for several consecutive years. However, the surge in Venezuela’s stock market is not due to the strong economy. On the contrary, the rise in Venezuela’s stock market is mainly the result of the currency collapse. Some analysts said that panicked investors used the stock market to hedge against the rapid depreciation of the currency. The market index of Jamaica Stock Exchange, a Caribbean island country, ranked second in the world with an increase of 93% during the year.

　　Thousand-share limit

　　The thousand-share limit is probably one of the most representative shots of the stock market turmoil in 2015. According to statistics, the market has fallen by more than 5% for more than 10 times this year, with the biggest drop of 8.49% on August 24, while the previous drop of more than 8% was on July 27, less than a month apart. The plunge occurred intensively in June, July and August.

　　From June 19, 2015 to September 16, 2015, in just three months, there were 16 scenes of A-shares’ daily limit, and it was very rare that there was a daily limit of 1,000 shares in an average of four trading days. It is worth noting that there was a daily limit of more than 2,000 shares on August 24th, and only 15 stocks rose, which was the least among the previous daily limit of 1,000 shares. The turnover was also at the level of land volume, and the market was extremely weak. Statistics show that this round of turmoil has reduced the market value of circulation in Shanghai and Shenzhen stock markets by a total of 22.9 trillion yuan, and the per capita loss of investors is nearly 240,000 yuan, with a loss ratio as high as 40%.

　　Specifically, the margin financing and securities lending system has given the A-share futures market-oriented core, but some analysts believe that the rapid proliferation of leverage has shaken the fulcrum of the market (the financing scale exceeded 100 billion yuan in mid-January 2013, 23 months later, it exceeded 1 trillion yuan in mid-December 2014, and reached a historical peak of 2.27 trillion yuan on June 18, 2015). The abnormal scale comparison of margin financing and securities lending hinders the hedging of the market’s long-short mechanism (on April 9, 2015, the balance of margin financing reached a record high of 10.233 billion yuan, while the financing scale peaked at 2.27 trillion yuan, which was 222 times that of the former).

　　In addition, some insiders attributed the A-share plunge to the high proportion of retail investors: as of the end of September 2015, 76.25% of the accounts held less than 100,000 yuan, and only 2.13% held positions with a market value of more than 1 million yuan.

　　2015 "National Team" Rescue Timetable

　　★ On June 27th, after the "6.26" plunge of more than 7%, the central bank announced that financial institutions would implement the targeted cuts to required reserve ratios and cut interest rates by 0.25 percentage points from June 28th.

　　★ On July 1st, Shenzhen-Shanghai Stock Exchange announced that it would reduce the market transaction costs. When the plunge occurred, the CSRC relaxed the restrictions on the two financings, and the brokers and customers negotiated on their own.

　　★ On July 3, the CSRC suggested reducing the number of IPOs; Under the direct intervention of the State Council, 28 companies in Shanghai Stock Exchange and Shenzhen Stock Exchange suspended their IPOs and returned the subscribed funds.

　　★ On July 3, the CSRC said that Central Huijin Company had entered the market and bought shares to save the market.

　　★ On July 4th, 25 Public Offering of Fund companies announced that they would actively purchase partial stock funds.

　　★ On July 4th, 21 securities companies announced that they would invest in the purchase of blue-chip stocks of not less than 120 billion yuan.

　　★ On July 5th, the central bank announced that it would provide unlimited liquidity support to the securities companies, and the CSRC confirmed that central huijin had bought the open-end fund index ETF. CICC restricts the opening of futures positions, especially the malicious short positions.

　　Securities companies buy a large number of shares in the capacity of "stabilization fund". From entering the market in early July to August 14th, the Securities and Futures Commission announced "generally not entering the market", and the total amount of funds used to rescue the market was at least 1.5 trillion yuan. According to Wind’s statistics, as of September 30th, among the top 10 tradable shareholders disclosed by A-share listed companies, there were 1,365 listed companies, accounting for 49% of A-shares, including 561 in Shanghai, 233 in Shenzhen, 354 in small and medium-sized board and 217 in Growth Enterprise Market, accounting for about 7% of the total A-share tradable shares.

　　HOMS system and umbrella trust

　　Noun interpretation

　　HOMS is a system developed by Hang Seng Electronics Company in 2012, and its full name is "Hang Seng Order Management System". HOMS system has two important functions: first, it can separate the assets managed by private equity funds and hand them over to different traders for management; The second is to divide positions flexibly, thus solving the practical problems such as insufficient traders and division of positions in private equity funds.

　　In actual operation, the fund-matching company uses HOMS system to distribute the funds under a securities account into several independent small units for independent trading and accounting functions (that is, umbrella warehouse). Through cooperation with brokers, it provides leveraged transactions in the name of entrusted fund management or income exchange. The parent account is directly connected with brokers by HOMS system, and the sub-accounts are distributed to individuals for operation, and the annual interest of financing is agreed. In this process, the real-name registration system of the securities firm is completely overhead, and the fund-raising company acts as a fund broker. The essence of its business is to raise funds at a relatively low interest rate from financial institutions such as banks or higher-level fund-raising platforms, and then lend them to investors for stock trading at a higher interest rate, thus earning the intermediate interest margin. It can be said that through HOMS system, OTC fund-raising companies easily broke through the restrictions of account real-name registration system, and started trading with brokers and banks, and were not regulated.

　　Before HOMS appeared, off-site fund-raising had existed for a long time. However, the previous off-site fund-raising was conducted in an offline and manual way, which was always difficult to expand due to the restrictions of account opening, capital and manpower. With the help of HOMS system, under the wave of Internet finance, a large number of P2P platforms set foot in the fund-raising business, and easily mobilized highly leveraged fund-raising funds by batch processing the fund-raising demand. At the same time, a large number of funds from the banking system also flowed into the stock market through fixed-income products, which formed a potential risk to the entire financial system.

　　In fact, HOMS is not the only tool for OTC fund-raising to access securities companies. According to the data disclosed by China Securities Association on June 30th, OTC fund-raising is mainly operated through the HOMS system of Hang Seng Company and the systems of Shanghai Mingchuang and Straight Flush. The customer assets accessed by the three systems totaled nearly 500 billion yuan, of which HOMS system was about 440 billion yuan, Shanghai Mingchuang was about 36 billion yuan, and Flush was about 6 billion yuan.

　　On July 13, 2015, the CSRC organized inspection and law enforcement forces to go to Hang Seng Electronics to interview relevant executives. On July 16th, after the visit of the Supervision Bureau, Hang Seng Electronics announced that it would close the HOMS account opening function and would not increase the capital of the existing account.

In the automotive industry, Volkswagen LaVida is undoubtedly an influential representative model, which has won the favor of many consumers with its excellent performance and wide market recognition. Today, we have reached a brand-new milestone-The official release of Volkswagen LaVida Plus, the price range is set at 115,900 to 162,900, which makes people look forward to it.

Compared with the old model,The innovation of LaVida Plus is that it adopts Volkswagen’s latest MQB platform, which means that the structure and electronic system have been significantly improved.Externally, the brand-new design language gives it a more fashionable style.The large-size air intake grille is integrated with headlights, showing a more dynamic temperament.The improvement of tail details, such as the addition of electroplating decorative strips, adds a sense of exquisiteness, and the visual effect is more exquisite than the old model.

"Plus" is not only reflected in the name, but also the increase in body size is more significant. The length, width, height and wheelbase have been improved by 65mm and 78mm respectively, which makes the vehicle lines smoother and the interior space significantly improved.In terms of interiors, although the simple style of the public has been maintained,Adjustment and layout optimization of central control panel, making the operation more convenient and the function division more clear.

In terms of configuration, the new car is equipped with practical functions such as 6 airbags, 8-inch central control LCD screen, and intelligent driving assistance systems such as automatic parking and electronic handbrake, which meet the needs of modern consumers for safety and convenience.In terms of power, LaVida Plus switched to 1.5L and 1.4T engines.Among them, the 1.4T version with 7-speed powershift has an output power of 150 HP and a peak torque of 250 Nm, showing a balance between power and efficiency.

howeverWhether the new LaVida Plus can continue the sales myth of LaVida depends on consumers’ recognition and choice of new models.Let’s look forward to the surprise and performance brought by this new car in the market.

On December 26 th, according to @ LatePost, AITO asked the world in 2024.The annual sales target is 600,000 vehicles.The M8 is planned to be released and mass-produced next year, when at least four models will be on sale. AITO has communicated the above sales targets to upstream supply chain manufacturers.

Cyrus responded: "The sales target is dynamically adjusted according to the internal and external environment. The goal of our joint business with Huawei to achieve production and sales of one million vehicles in 2026 has not changed. We hope to take a solid step next year."

IT House previously reported that Huawei today launched a brand-new model, the M9, with an official guide price of 469,800 yuan.Two hours on the market will definitely break through 10,000..

The length, width and height of the new car are respectively 5230/1999/1800mm, with a wheelbase of 3110mm.. The wind resistance coefficient is 0.264, and five colors are available, including two solid colors and three double colors.

The 0-100km/h acceleration time of the M9 pure electric version is only 4.3s, and that of the extended range version is 4.9s. It is equipped with 4-piston fixed calipers, and the braking distance of 100-0km/h is only 34.9m, and the maximum torques are 673N?m and 675N?m respectively. The M9 series of Wenjie is equipped with owl enhanced steering technology with a turning radius of only 5.8m..

The pure electric version is equipped with Huawei’s "Whale" 800V high-voltage battery platform, with a battery life of 150km for 5 minutes and an 800V high-voltage silicon carbide high-efficiency motor.CLTC has a comprehensive endurance of 630km..

The M9 extended range version provides 52-kilowatt-hour and 42-kilowatt-hour versions.The comprehensive endurance of CLTC reached 1402km and 1362km respectively.The pure battery life is 275km and 225km respectively.

Related reading

The official release of M9: equipped with Huawei’s latest full-stack technology solution, starting from 469,800 yuan.

[car home Hangzhou Preferential Promotion Channel] At present, preferential activities are being carried out in Hangzhou, with the highest preferential amount reaching 34,000 yuan and the lowest starting price of 190,900 yuan. For interested friends, you may wish to click "Check the car price" in the quotation form and strive for higher discounts.

FAW-Volkswagen CC has a fashionable and dynamic design, and its front face adopts a wide air intake grille with sharp LED headlights, showing a strong sporty atmosphere. The body lines are smooth, and the overall style is full of strength and fashion elements, making it an ideal choice for many consumers.

FAW-Volkswagen CC presents elegant and smooth body lines with its length, width and height of 4865*1870*1459mm and wheelbase of 2841 mm.. The front tread is 1586mm, and the rear tread is 1572 mm. With 245/45 R18 tires and exquisite rims, it shows the perfect combination of dynamic and fashion.

The interior of FAW-Volkswagen CC is fashionable and full of science and technology. The center console is equipped with a 9.2-inch high-definition touch screen, which supports voice recognition control of multimedia systems, navigation, telephones and air conditioners. The steering wheel is made of genuine leather, with manual up-and-down and forward-and-backward adjustment functions, providing drivers with a comfortable operating experience. The front seat is made of leather /Alcantara mixed material, which provides heating function. The main and auxiliary seats can be adjusted back and forth, height adjustment (4-way) and lumbar support (4-way), which greatly improves the riding comfort. In addition, there are multiple USB and Type-C interfaces in the car, which is convenient for front and rear passengers to charge electronic equipment. The rear seats support proportional tilting, which increases the practicability and flexibility of the vehicle.

FAW-Volkswagen CC is equipped with a 2.0T turbocharged engine with a maximum power of 137kW and a maximum torque of 320 N m. It is equipped with a 7-speed wet dual-clutch gearbox to provide drivers with strong power and smooth shifting experience.

It is said that the appearance design of FAW-Volkswagen CC is impressive, the body lines are simple and powerful, and the large air intake at the front and the unique rear design give the vehicle a unique sense of domineering. This design not only leaves a deep impression on the eyes, but also makes the car a focus on any occasion.

Changan Auchan, as a sub-brand of Changan, shares the technology R&D, procurement and manufacturing system with Changan Automobile, so what is the performance of Changan Auchan Z6 iDD? Let’s understand the real evaluation of the owner:

1. Sufficient power reserve

Changan Auchan Z6 iDD is equipped with a 1.5T engine +110kW drive motor, which matches the 6th gear powershift. The acceleration time of the vehicle is 7.4 seconds and the maximum speed can reach 200km/h.. Compared with many compact plug-in SUVs, Auchan Z6 iDD has advantages in acceleration performance and extreme speed, and can drive at will on both urban roads and high speed.

2. The car cost is low.

Chang ‘an Auchan Z6 iDD has a NEDC pure electric cruising range of 150 kilometers, which can meet the needs of commuting when driving in urban areas every day, and basically does not need to use fuel. Thanks to the Blue Whale 1.5T hybrid engine and the powertrain of 6th-speed powershift, the vehicle can achieve 6L/100km fuel consumption in the state of power loss and direct drive. Even at high speed, the fuel consumption of Auchan Z6 iDD will not exceed 7L/100km.

3. The space is practical enough.

Although Auchan Z6 iDD is a compact SUV, its body size is not excellent in its class, but the rear platform in the car is completely flat, the rear space is spacious, and the leg space and head space are very large. The trunk space is also very spacious, the volume is larger than many compact SUVs, and there are many storage spaces in the front and rear rows of the car, which is very practical.

4. high price–performance ratio

The official guide price of Changan Auchan Z6 iDD is 15.58-17.58 million yuan. Now, under the preferential policies, the price of bare cars remains around 13-15 million yuan. Compared with many compact plug-in SUVs on the market, the advantages of Auchan Z6 iDD are that the whole system comes standard with a long battery life of 150KM, as well as 360 panoramic images, cruise control, keyless entry, electric adjustment of the main driver’s seat, central control of three screens, intelligent voice assistant, independent air outlets in the rear row and other configurations. Combined with the advantages of strong vehicle power, low vehicle cost and large space, the discounted Auchan Z6 iDD is very cost-effective.

5. Insufficient market recognition

Changan’s iDD is a relatively new hybrid technology, and its performance in durability, reliability and stability needs to be tested in the long-term market. As a sub-brand of Changan, Changan Auchan’s market recognition is also insufficient, and Auchan’s logo is more like the logo of a brand-name car in the eyes of many people. It should be pointed out that Auchan is not a mainstream brand.

6. The ride comfort is average

Changan Auchan Z6 iDD is equipped with a 6-speed powershift. Compared with the large-scale use of E-CVT transmission, Changan Auchan Z6 iDD can obviously feel the shift of the vehicle during driving, and its ride comfort is not as good as other new energy vehicles of the same level.

7. Chassis texture is hard.

The chassis suspension of Changan Auchan Z6 iDD adopts the combination of front McPherson and rear multi-links. During driving, the chassis texture is hard, and it has a good filtering effect on large shocks and bumps, but it has an average filtering effect on fine shocks.

8. Driving noise is loud.

According to feedback from many car owners, the sound insulation effect of Changan Auchan Z6 iDD is average, and the tire noise is obvious after the vehicle speed rises. There will be a large wind noise in the A-pillar area when driving at high speed, and the low-speed warning sound of the vehicle is too loud and the sound is relatively cheap when driving at low speed.

To sum up, if you need a car with both power and fuel consumption, large space and high cost performance, Changan Auchan Z6 iDD hybrid is worth buying. However, it is necessary to pay attention to its above shortcomings, and it is recommended to go directly to the 4s shop for test drive experience before buying.