Optimize automobile purchase restriction, distribute consumption subsidies, facilitate second-hand car trading, and strengthen the construction of charging facilities … … Recently, the central and local governments have introduced a number of measures to promote automobile consumption, starting from various aspects, to promote the further development of the domestic automobile industry market. According to industry insiders, the central government has repeatedly emphasized the promotion of automobile consumption, and local governments have also taken diversified measures, reflecting that China’s automobile industry has great development potential at the current stage of transformation and upgrading, and a number of policies have further promoted the automobile consumption market, which will help to play its role in driving the macro economy.

　　The reporter learned from the National Development and Reform Commission that in order to thoroughly implement the strategy of expanding domestic demand and give full play to the basic role of consumption in economic development, the National Development and Reform Commission issued the Measures on Restoring and Expanding Consumption, proposing measures such as optimizing the management of automobile purchase and use and expanding the consumption of new energy vehicles. In addition, the National Development and Reform Commission and other 13 departments jointly issued "Several Measures on Promoting Automobile Consumption" (hereinafter referred to as "Measures"), and also deployed to further stabilize and expand automobile consumption from various aspects such as optimizing automobile purchase restriction management policies and strengthening the construction of supporting facilities for new energy vehicles.

　　Chang Tiewei, deputy director of the Employment Department of the National Development and Reform Commission, said that since the beginning of this year, the retail sales of automobile products in the first half of the year reached 2,240.9 billion yuan, a year-on-year increase of 6.8%, driven by various consumption promotion policies, automobile marketing activities and a large number of new models.

　　"At present, China’s automobile consumption recovery trend is stable and positive, and the consumption and export scale of new energy vehicles are outstanding, but there is still room for further tapping potential and upgrading automobile consumption. In view of the outstanding problems found in a large number of investigations, we put forward more pragmatic and effective measures. Including the policy of optimizing the management of purchase restriction, and encouraging the increase of annual car purchase indicators according to local conditions; Promote the rational renewal of vehicles; Reduce the use cost of new energy vehicles and optimize the use environment. " Chang Tiewei said.

　　Li Chunlin, deputy director of the National Development and Reform Commission, mentioned at the routine briefing of the State Council policy held recently that more popular and inclusive support policies will be studied and optimized for the automobile consumption market segment, so as to better meet the people’s multi-level and diversified consumption needs and promote the high-quality development of related industries. "Whether it is automobile consumption or other consumer goods consumption, we must first adapt to changes in demand and create new demand through supply-side structural reforms. At the same time, we will continue and optimize the policy of vehicle purchase tax reduction and exemption for new energy vehicles, and propose that by the end of 2025, vehicle purchase tax will be exempted; It will be halved in 2026 and 2027. "

　　The Ministry of Commerce has also promoted measures to improve the charging infrastructure and support new energy vehicles to go to the countryside, and organized activities such as the "100-city linkage" automobile festival and the "thousand counties and thousands of towns" new energy vehicle consumption season, and launched the national comprehensive information service platform for used cars. Xu Xingfeng, director of the Department of Market Operation and Consumption Promotion of the Ministry of Commerce, pointed out that in the next step, the Ministry of Commerce will focus on optimizing the consumption environment and implementing the policy of downsizing.

　　Various places have also come up with "real money and silver" to support automobile consumption.

　　The relevant person in charge of the Guangdong Provincial Department of Commerce said that in the second half of the year, we will focus on mass consumption, cultural tourism consumption, sales leaders and county consumption. At present, Guangdong is promoting the relaxation of "restricted cards" in Guangzhou and Shenzhen; Support Guangzhou, Shenzhen and other automobile major cities to implement car purchase subsidies, trade in old vehicles for new ones, and expand the sales of new energy vehicles.

　　The Jiangxi Provincial Department of Commerce said that in the second half of the year, the province will focus on holding more than 50 car promotion activities such as the "100-city linkage" car festival. Carry out green smart home appliances to the countryside and trade-in promotions. Further implement the policy of canceling the restrictions on the relocation of used cars, promote the convenient measures of "inter-provincial handling" of used cars, build a platform for inquiring about used car trading information, and accelerate the activation of the used car market.

　　With the support of relevant policies, car companies have also responded positively to jointly promote the growth of the industrial market.

　　In an interview with reporters, GAC Ai ‘an said that the current policies have brought great opportunities to the automobile industry, especially new energy vehicle companies. In addition to the consumption of new energy vehicles mentioned in the policy, Ai ‘an also actively responded to the new energy going to the countryside and the construction of charging infrastructure mentioned in the measures, and is formulating relevant preferential policies for rural vehicles.

　　"The favorable policies issued by the state this time will inevitably open the door of new energy vehicles in the county and township markets and sell new energy vehicles to a wider area. BYD launched a variety of models matching the county and township markets on the product side for new energy going to the countryside, and continuously expanded the county and township market layout to enhance the consumer experience. " The relevant person in charge of BYD said.

　　"Automobile and gasoline consumption account for about 40% of the total retail sales of consumer goods above designated size, and are the pillars of consumption." Cui Dongshu, Secretary-General of the National Passenger Car Market Information Association, believes that cities with less than 4 million cars suggest to release the purchase restriction, which can effectively promote the consumption potential, especially in cities where some purchase restrictions lead to the serious backwardness of urban car ownership, and there is a large room for consumption growth.

　　Ji Xuehong, a professor from north china university of technology, also said in an interview that the recent introduction of a number of automobile consumption promotion policies will help the automobile industry to play an economic role.

　　"China’s automobile industry is in the stage of rapid transition from traditional fuel vehicles to intelligent electric vehicles. The multi-level consumption promotion policies introduced by the central and local governments will help further help the industrial transformation and upgrading and realize the self-reliance and autonomy of China’s automobile industry." Ji Xuehong said, "On the other hand, the automobile industry chain is long and large, and various stimulus policies can play a good role. At the same time, it can also strengthen the linkage between the upstream and downstream industry chains and promote the stable economic growth as a whole."

　　At the same time, Ji Xuehong also pointed out that the promotion of policies needs to further implement the details. "In terms of finance, we can consider moderately relaxing interest rates and reducing the down payment ratio. In terms of products, the continuous development of new energy vehicle technology requires the government to provide more authoritative and reliable data and evaluation to help consumers establish objective and positive cognition and establish the excellent reputation of domestic brands. "

　　People’s Daily, Beijing, October 10 (Reporter Zhang Tianpei) The reporter learned from the Ministry of Public Security that by the end of September 2023, the number of motor vehicles in China had reached 430 million, including 330 million vehicles and 18.21 million new energy vehicles. There are 520 million motorists, including 480 million motorists.

　　According to reports, there were 26.01 million newly registered motor vehicles in the first three quarters, including 18.17 million newly registered vehicles, up 4.4% year-on-year. The newly registered vehicles in the first quarter, the second quarter and the third quarter were 5.88 million, 5.87 million and 6.42 million respectively.

　　By the end of September, the number of new energy vehicles in China reached 18.21 million, accounting for 5.5% of the total number of vehicles. Among them, the number of pure electric vehicles is 14.01 million, accounting for 76.9% of the total number of new energy vehicles. From the first quarter to the third quarter, 5.198 million new energy vehicles were registered nationwide, up 40% year-on-year, accounting for 28.6% of the newly registered vehicles. Among them, 1.44 million new energy vehicles were registered in the first quarter, 1.709 million in the second quarter and 2.049 million in the third quarter respectively.

　　It is understood that the used car market remained active in the first three quarters. From the first quarter to the third quarter, local public security traffic control departments handled a total of 25.05 million motor vehicle transfer registrations, including 23.31 million motor vehicle transfer registrations, accounting for 93.1%. In recent years, the Ministry of Public Security, together with the Ministry of Commerce and other departments, has promoted the implementation of reform measures to facilitate the registration of second-hand car transactions in different places, which has better promoted the circulation of second-hand cars. In the first three quarters of this year, the public security traffic control department handled 3.805 million transactions of second-hand passenger cars in different places.

　　By the end of September, there were 90 cities in China with more than 1 million cars, an increase of 8 cities over the same period of last year. Among them, 43 cities have more than 2 million cars and 25 cities have more than 3 million cars. Beijing, Chongqing and Chengdu have more than 6 million cars, Shanghai and Suzhou have more than 5 million cars, and Tianjin, Hangzhou, Zhengzhou, Wuhan, Xi ‘an, Shenzhen and Dongguan have more than 4 million cars.

Special feature of 1905 film network People give the meaning of the renewal of Vientiane in spring, and inject thousands of expectations into the beginning of these four seasons, hoping that it will bring a brand-new look and weather, and "when the flowers bloom in spring" makes us look forward to it especially in this boxer year.

　

"March" seems to be the official name of spring. The warmth of runaway awakens the limp and numb limbs and warms up the beautiful season to come.

　

Just as spring is coming, follow Xiao Dianjun to taste this limited time of only three months on the screen.

　

Over the spring

Girl grow up private image

Girls and "Boundaries" are the stories of youth written in Over Spring.

The title of the film "Spring Festival" was originally a jargon in the mouth of smugglers, referring to "bringing goods" from Hong Kong to Shenzhen across the customs.

Liu Zipei, a girl who lives in Shenzhen and studies in Hong Kong, passively embarked on this "cross-border" journey with the dream of traveling to Japan with her friends.

The contradictory identity that originally made her lack of identity unexpectedly became her excellent advantage in the matter of "spending the spring", which not only helped her save enough travel expenses, but also made her feel an unprecedented sense of accomplishment.

However, walking alone on the edge of danger is doomed to be full of adventure. The difference of ideas between mother and daughter, the break with friends and the love that can’t be established make this girl who can’t stand on either side of family, friendship or love become more and more addicted to this "boundary".

"Over Spring" does not hide a girl’s growing desire for material, feelings and self-identity, but it never forgets to find a safe place for this soul with nowhere to live.

In this tug-of-war of belonging and alienation, Pepe, wandering between the two cities, walked straight through the dividing line drawn by her youth with a cavity of loneliness and courage, and also left us with a series of questions about growth.

　

Four Springs

Family documentary video

In the eyes of China people, spring and the word "reunion" are inseparable. For every family, this season is filled with infinite warmth.

Lu Qingyi spent "four springs" in his hometown of dushan county, Guizhou Province to spend time with his family, and recorded this unique family video.

As far as the look and feel of the film is concerned, it actually looks almost the same as the video taken by our daily mobile phone. Lu Qingyi abandoned the tedious professional equipment and chose to take a hand-held shot in person to lead the audience to watch the family story under this patio. The lens that shakes from time to time and the depth of field that is not properly adjusted have added some pure and simple feelings of life.

From his subjective perspective, the father who smoked sausage, the mother who hummed ditty, and even a meal, a meal, a grass and a tree are particularly touching, warm and harmonious. Every true feeling of this family in the four springs: the sweetness of parents drinking a toast, the sadness of sister’s departure, and the sincerity naturally revealed at each reunion … … It seems to have become ours at that moment.

A series of collage family images, like spring breeze and rain, tell the whole picture of life, from which the most precious meaning about family ties is condensed and spread in everyone’s heart.

　

Small forest in winter and spring

Spiritual healing recipes

For people who are busy, what is more healing than a delicious meal after work?

Not much to say, "Little Forest in Winter and Spring" immediately presents you with a menu with full healing value: snowflake two-color cake, natto glutinous rice ball, fried tempura, winter flower miso sauce, wild garlic seedling fried salmon and cabbage flower pasta … …

Unable to blend in with the hustle and bustle of big cities, the hero Ichiko chose to return to his hometown Komori Village and run a self-sufficient life in the changing seasons. It is because of cooking that her seemingly monotonous life of living alone has become interesting.

As a food movie, the film aims a lot of close-ups at ingredients, showing them in an extremely simple way from the most authentic appearance to the appearance of being finally put on the table after special processing, which can instantly evoke taste buds.

In the film, the enthusiasm of the city children for life can be traced everywhere, not just the patience shown when cooking food. When burying natto in the snow, she will attach a special sentence "I hope you will become delicious", and every time even if one person eats, she should put her hands together and read the sentence "I am starting" devoutly.

Spring is the right season to start. When she received a letter from her long-lost mother, Shizi gradually realized the meaning of "going round and round". She was no longer trapped in her past life, but started from her heart and found the life she really longed for.

"Little Forest" has written a delicious chapter with enough literary brushstrokes. Putting aside this gorgeous coat, the core is still the true meaning of ordinary life.

　

Taste of Chengsha

Life taste tasting course

As a special guest of Japanese movies, Sakura always wakes up the audience: Look, isn’t spring the best time?

A small shop named "Spring of the Gong" is located beside a street full of cherry trees. The old man Dejiang, the manager Sentaro and the young girl Ruocai became attached to each other because of the burning of the Gong, and they met in the spring and spent a quiet and beautiful time together.

Grandmother Dejiang seems to be happy and informal, but every time she makes bean paste, she instantly changes to a serious face, soaking, boiling, filtering, boiling and stirring … … You have to do everything yourself.

Under her influence, Sentaro valued her work more, and Ruocai gradually opened her heart.

This is another natural law of Japanese movies — — "The beauty of mourning" is a film that is interpreted to the extreme.

"There are always all kinds of difficulties in life, so be sure to refuel." Dejiang tells the truth of life, but at the same time, he also conveys an open-minded attitude towards life to us in front of the screen.

When she visited another spring day, like a spiritual mentor, she had already passed away, and only the figure that had stood under the cherry tree was frozen forever.

　

Chunjiang plumbing

The Oriental Picture of Scenery Blending

If you want to choose a movie to visually present the appearance of spring, Chunjiang Plumbing must be on the list.

Hangzhou, where the film was filmed, is a paradise on earth with its own poetry and painting. When the traditional family stories are integrated into the oriental freehand brushwork aesthetics, the plain narrative slowly unfolds like a long scroll, which is fascinating.

The story focuses on the Gu family along the Fuchun River in Hangzhou, and a mother with a stroke leads to the warmth and coldness of a family for three generations. When consanguinity and kinship are discussed in the contemporary context, it is like a mirror that shines into reality and directly hits people’s hearts.

Inspired by Huang Gongwang’s "Fuchun Shan Jutu", the picture of the film slows down the narrative rhythm with a long scroll of landscapes and proper blank space, and creates a sense of documentary life with natural scenery, which makes people sigh for the world and still feel warm.

Under the ingenious arrangement of the director, the natural landscape and street style in "Spring River Plumbing" are poetically connected, and they have experienced a cycle from summer to spring, and all kinds of life have been deeply stared at by this river.

　

This spring in 2020 is of great significance, because it carries too many expectant eyes.

As the song goes, "When spring goes, spring will come, and the flowers will bloom again." I believe that after crossing the heavy haze, it will be the time when spring blooms again.

The sun will shine in the end, and the warmth will come as promised.

　　The fifteenth day of the first lunar month is called Lantern Festival every year, so when is the Lantern Festival in 2021, and when is it?

Q: When is the Lantern Festival in 2021? When is the Lantern Festival on the fifteenth day of the first month?

　　A:Lantern Festival in 2021 is on Friday, February 26th, 2021, the 15th day of the first lunar month..

Brief introduction of lantern festival

　　After the Spring Festival, another traditional festival in China is the Lantern Festival on the 15th day of the first month of the lunar calendar.

　　The first month is the first month of the lunar calendar. The ancients called the night "Xiao", so they called the fifteenth day of the first month the Lantern Festival. The 15th day of the first month is the night of the first full moon in a year, and it is also the beginning of the Yuan Dynasty. On the night in spring returns, people celebrate this and celebrate the continuation of the Spring Festival. Lantern Festival is also called "Shangyuan Festival".

　　According to the folk tradition in China, on this bright night, people light up thousands of lanterns to celebrate. Going out to enjoy the moon, burning lamps and setting off flames, enjoying solve riddles on the lanterns, having Lantern Festival together, family reunion and celebrating the festive season are all enjoyable.

　　Lantern Festival is also called Lantern Festival. The custom of burning lanterns on Lantern Festival originated from the Han Dynasty. In the Tang Dynasty, the activities of enjoying lanterns became more prosperous. Lights were hung everywhere in the palace and on the streets, and tall lantern wheels, lantern buildings and lantern trees were also built. Lu Zhaolin, a great poet in the Tang Dynasty, once described the grand occasion of burning lanterns on Lantern Festival in "Watching Lights on Fifteen Nights", saying that "the stars in the Han Dynasty are falling, and the buildings are like the moon hanging."

　　In the Song Dynasty, more attention was paid to the Lantern Festival, and the lantern viewing activities were more lively. The lantern viewing activities lasted for five days and the styles of lanterns were more abundant. In the Ming Dynasty, the lantern festival will last for 10 days, which is the longest lantern festival in China. Although there were only three days of lantern viewing in Qing Dynasty, the lantern viewing activities were large in scale and unprecedented in pomp. Besides burning lanterns, fireworks were also put on to entertain.

　　"solve riddles on the lanterns", also called "playing riddles", is an activity added after the Lantern Festival, which appeared in the Song Dynasty. In the Southern Song Dynasty, the capital Lin ‘an made riddles every Lantern Festival, and there were many people guessing riddles. At the beginning, it was a busybody who wrote riddles on paper and pasted them on colorful lanterns for people to guess. Because riddles are enlightening and interesting, they are welcomed by all walks of life in the process of spreading.

　　The folk custom of eating Yuanxiao during the Lantern Festival. Yuanxiao is made of glutinous rice, either solid or stuffed. Filled with bean paste, sugar, hawthorn, all kinds of fruit materials, etc., it can be cooked, fried, steamed and fried when eating. At first, people called this kind of food "Floating Yuanzi", and later they called it "Tangtuan" or "Tangyuan". These names "Reunion" have similar sounds, meaning reunion, which symbolizes the reunion of the whole family, harmony and happiness, and people also miss their parting relatives and place their good wishes on their future life.

　　In some places, the Lantern Festival also has the custom of "walking all kinds of diseases", also known as "roasting all kinds of diseases" and "dispersing all kinds of diseases". Most of the participants are women. They walk together or walk by the wall, or cross the bridge and walk in the suburbs, in order to drive away diseases and eliminate disasters.

　　With the passage of time, there are more and more activities in the Lantern Festival, and many local festivals have added traditional folk performances such as playing dragon lanterns, playing lions, walking on stilts, rowing dry boats and dancing yangko, and playing Taiping drums. This traditional festival, which has been passed down for more than 2,000 years, is not only popular on both sides of the Taiwan Strait, but also celebrated year after year in areas inhabited by overseas Chinese.

　　　　Warrior: Wu Peng

　　　　Project:

　　　　Men RS 200 m butterfly

　　　　Appearance:

　　　　11-13 August

　　　　Military exploits:

　　　　Silver medal in 2007 World Championships

　　　　Warrior: Zhang Lin

　　　　Events: Men’s 200m freestyle, 400m freestyle, 1500m freestyle and 4x200m freestyle relay.

　　　　Appearance: August 9-13

　　　　Merit: Men’s 400-meter freestyle ranked seventh in the world this year.

　　　　Warrior: Zhou Yafei

　　　　Events: women’s 100m butterfly and women’s 4x100m medley relay.

　　　　Appearance: August 9-17

　　　　Merit: Women’s 4× 100m medley gold medal in Barcelona Swimming World Championships in 2003.

　　　　Warrior: Qi Hui

　　　　Events: women’s 200m breaststroke and women’s 200m individual medley.

　　　　Appearance: August 13-15

　　　　Merit: Women’s 200m individual medley 2 minutes 12 seconds 61, 11th best result in the world this year.

　　　　Our reporter Li Yuanfei J131

Editor: Huo Junxia

On January 26, 2024, the market fluctuated and differentiated all day. At the close, the Shanghai Composite Index rose 0.14%, the Shenzhen Component Index fell 1.06% and the Growth Enterprise Market Index fell 2.23%. Northbound funds bought 1.51 billion net all day.

In terms of sectors, PEEK materials, Hainan, real estate and Shanghai state-owned assets were among the top gainers, while CRO, semiconductors, MR and BC batteries were among the top losers.

In ETF, S&P ETF(159655.SZ), real estate ETF Huaxia (515060.SH) and real estate ETF(512200.SH) led the gains. In addition, banks, games, and delivery ETFs were also boosted by relevant news, with the highest gains.

[Financial support for real estate, favorable policies resonate]

In the news, the relevant person in charge of the State Financial Supervision Bureau said that it will continue to provide personal housing loan financial services. We will support local city governments and housing construction departments to further optimize individual housing loan policies such as down payment ratio and loan interest rate, and guide and urge banks to better serve the financing needs of the broad masses of people for rigid and improved housing.

In addition, the Ministry of Housing and Urban-Rural Development issued a voice on January 26, 2024, fully giving urban real estate control autonomy, and cities can adjust their real estate policies according to local conditions. In view of the current financing problems of some real estate projects, all localities should focus on projects, study and put forward a list of real estate projects that can be given financing support, coordinate the issuance of loans by financial institutions within their respective administrative regions, and accurately and effectively support reasonable financing needs. It is understood that before the end of this month, the first batch of projects can win loans after landing.

Huatai Securities believes that the press conference makes it clear that the financial industry is duty-bound to support real estate vigorously, and optimize policies such as down payment ratio and loan interest rate due to the city’s policy. At present, the mortgage interest rate has gone through several rounds of LPR adjustment, and the lower limit of the point has been gradually relaxed until a dynamic breakthrough. Many places have lowered or cancelled the lower limit of the interest rate due to the city’s policy. RealData shows that the national first home interest rate has dropped to 3.84% in January 2004, down 1.59pct from the high point in October 2001. In September 2003, the stock mortgage interest rate was lowered to further reduce the burden on residents. Many cities have implemented the policy of "recognizing houses but not loans" and optimized the criteria for recognizing the first suite, and the policy adjustment has gradually spread from low-energy cities to high-energy cities. There is still room for the relaxation of the future purchase restriction policy in first-tier cities.

Related ETFs: real estate ETF Huaxia (515060.SH), real estate ETF(512200.SH), real estate ETF(159768.SZ), real estate ETF(159707.SZ), financial real estate ETF(510650.SH) and financial real estate ETF(159940.SZ).

[Cancel the restrictions on the proportion of foreign investment, and banks will welcome benefits again]

In the news, on January 25, 2024, the relevant person in charge of the General Administration of Financial Supervision said that more than 50 opening-up measures have been introduced recently. First, the restriction on the proportion of foreign shares will be abolished. Now, foreign capital can hold 100% of the shares of bank insurance institutions and achieve complete control. Second, the negative list of foreign investment access, and the relevant restrictive measures on the financial industry have been completely cleaned up. For example, the business scope of foreign banks and insurance institutions is completely consistent with that of Chinese capital, realizing national treatment.

Huatai Securities believes that the press conference of the State Council Office made a heavy noise, and the policies at both ends of real estate supply and demand were once again overweight, emphasizing the resolution of risks of small and medium-sized banks and relaxing the proportion of foreign ownership. The combination of the central bank’s policy of lowering the RRR at the beginning of the year will help improve the liquidity environment and accumulate momentum for economic recovery. The policy is expected to be good+the valuation position is double low, and we should seize the opportunity of bank allocation. At present, the valuation of PB(lf) in the banking sector is 0.54 times, which is 3.66% quantile since 2010, which is at a low level. Bank positions of 23Q4 decreased by 0.6pct from the previous month to 1.91%, a record low.

Related ETFs: Bank ETF Huaxia (515020.SH), Bank Leading ETF(515280.SH), China Securities Bank ETF(512730.SH), Bank ETF(512800.SH), Banking ETF(512820.SH) and Bank ETF(159887.SZ).

[Spring Festival travel rush opens on the first day, and the travel industry chain is expected to benefit]

In the news, today (January 26th) is the first day of Spring Festival travel rush in 2024. Railway 12306 began to sell train tickets for February 9, that is, the 30 th day of the twelfth lunar month. It is estimated that during the period of Spring Festival travel rush this year, the cross-regional personnel flow will reach 9 billion. According to the booking data of 12306, on the first day of Spring Festival travel rush, the national railway is expected to send 10.6 million passengers.

Yongxing Securities believes that the traditional holidays are coming and the travel industry chain is expected to benefit as a whole. Near the 8-day holiday of the Spring Festival, the travel heat of the Ma Honeycomb Platform during the Spring Festival rose by 350%, showing an upward trend. The reunion festival has become the choice of most tourists to promote family travel, and the family parent-child group accounts for 42% of the Spring Festival travellers. Ctrip shows that orders for domestic travel, outbound travel and inbound travel have all increased substantially. Considering that during the traditional holidays, the flow of visiting relatives and tourists will overlap, the demand for domestic and outbound travel will increase, and the travel industry chain is expected to benefit as a whole.

Related ETFs: Travel ETF(159766.SZ), Travel ETF(562510.SH), Delivery ETF(561320.SH), Transportation ETF(159683.SZ), Transportation ETF(159666.SZ) and Delivery ETF(159662.SZ).

[115 games approved! The game plate oscillated and rebounded]

On January 26th, 2024, relevant departments released the approval information of domestic online games in January, and a total of 115 games were approved. Since the edition number was resumed in 2022, the number of edition numbers in a single month has exceeded 100 for two consecutive months, and the overall edition number has remained stable.

Citic Securities believes that in the medium and long term, there are still opportunities for the development of China’s game industry, especially related companies that focus on quality content and development in the sea. At the same time, the game industry is an industry that pays attention to innovation. Through technological innovations such as AI and VR, as well as business model innovations in gameplay and categories, game companies are still expected to continue to create increments.

Related ETFs: game animation ETF(516770.SH), game ETF(516010.SH), game ETF(159869.SZ) and game media ETF(517770.SH).