Femorning Daily 30.04.2018

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1. Xinhua News Agency,

theequipment manufacturing industry"s chip is equivalent to the heart of people.If the heart is not strong, the body is not strong even with big size

. It is necessary to speed up majorbreakthroughs in chip technology and bravely climb the peak of semiconductorstorage technology in the world. Enterprises must continuously achievebreakthroughs in core technologies, master more key technologies withindependent intellectual property rights, and control industrial developmentdominance.

1

、新华社消息,

装备制造业的芯片,相当于人的心脏。心脏不强,体量再大也不算强。

要加快在芯片技术上实现重大突破,勇攀世界半导体存储科技高峰。企业必须在核心技术上不断实现突破,掌握更多具有自主知识产权的关键技术,掌控产业发展主导权。

Femorning Daily 30.04.2018

2. On April 28,

the

ChinaSecurities Regulatory Commission formally issued the “Measures for theAdministration of Foreign-invested Securities Companies”, and correspondinglyupdated the guidelines for administrative licenses for the examination andapproval of securities companies set up.

From now on, eligible overseas investors may submitapplication materials for changing the company"s actual controller or settingup a joint-venture securities company to the China Securities RegulatoryCommission in accordance with the requirements of these Measures and theService Guide.

2

4

28

日,

证监会正式发布《外商投资证券公司管理办法》,并相应更新证券公司设立审批等行政许可服务指南。

即日起,符合条件的境外投资者可根据本《办法》和服务指南的要求,向证监会提交变更公司实际控制人或者设立合资证券公司的申请材料。

Femorning Daily 30.04.2018



3. According to XinhuaNews Agency, in the first quarter of this year, the iron and steel member enterprisesof the China Iron and Steel Association had a total profit of 56.932 billionyuan, which was significantly lower than that in the fourth quarter of lastyear. LIU Zhenjiang, the secretary-general of the China Iron and SteelAssociation, said that the steel price rebounded slightly in April, but theincrease was very small, and it is still below 4,000 yuan per ton.

If thesituation is not satisfactory in May and June with the return less than 4,000yuan, then the earnings of this year"s steel companies will not be better thanlast year.

3

、新华社消息,今年一季度,中钢协会员钢铁企业实现利润总额

569.32

亿元,效益明显低于去年四季度。中钢协秘书长刘振江表示,

4

月份钢价略有回升,但涨幅非常小,现在还在每吨

4000

元以下。

如果

5

6

月份还不理想,回不到

4000

元以上,那么今年钢铁企业效益将不会好于去年。

Femorning Daily 30.04.2018



4. ChinaNews.com, inthe first quarter,China"sservice industry grew rapidly, and foreign-invested enterprises acceleratedsignificantly.

There were 1.049 million newly established enterprises in thetertiary industry, an increase of 6.5% year on year.

Among them, emerging service industries such aseducation, scientific research and technology services, culture, sports, andentertainment increased by 21.3%, 17.6%, and 9.8% year on year respectively.

4

、中新网消息,一季度,中国服务业增长较快,外商投资企业大幅加速。

第三产业新设企业

104.9

万户,同比增长

6.5%

其中,教育、科学研究和技术服务业、文化体育和娱乐业等新兴服务业,同比分别增长

21.3%

17.6%

9.8%

Femorning Daily 30.04.2018



5. Economic Daily news,after crossing the time node at the end of the first quarter in April, thecapital side was mainly stable and loose. In addition, due to the impact of thecentral bank"s reserve rate cut on April 25th, the market interest rate willdecline slightly. In the long run,

there is limited room for the decline in thewealth management products of banks, and it is more likely to maintain a narrowrange of fluctuations in the future.

5

、经济日报消息,

4

月份跨过一季度末的时间节点后,资金面以平稳偏松为主,再加上受

4

25

日央行降准影响,市场利率将小幅下滑。从长期来看,

银行理财产品收益下跌空间有限,未来维持窄幅波动的可能性较大。

Femorning Daily 30.04.2018



6. The BeijingNews, at present,

all admission policies in the compulsory educationphase of Beijing’ssixth districts in the town and TongzhouDistrict have all been issued.

After research, it was found that on the basisof the examination requirements for entry qualifications in Beijing, the districts stated that they willestablish a linkage audit mechanism for enrollment qualifications and jointlyreview them with relevant departments to curb irregularities such as “aislerooms” and “empty households”. At the same time, the registration ofnewly-acquired “school district housing” in Haidian District and DongchengDistrict will be restricted.

6

、新京报消息,

目前,北京城六区与通州区的义务教育阶段入学政策全部出台。

梳理后发现,在北京市对入学资格进行审核要求的基础上,各区表示将建立入学资格联动审核机制,并联合相关部门进行共同审核,以遏制“过道房”“空挂户”等违规行为。同时,海淀区、东城区的新购“学区房”登记入学都将受到限制。

Femorning Daily 30.04.2018



7. Economic Daily News,recently, the Technical Expert Committee of the National Internet FinancialSecurity issued a monitoring report saying that from April 2016 to April 2018,the national internet financial risk analysis technology platform hascumulatively monitored and found hundreds of suspected fraud platforms.

The gamefinancing platform is one of the high-risk forms of fraud platforms. Investorsshould pay attention for avoidance when considering the financial managementproducts.

Different from theusual online game platforms, the game financing platform has complex gamerules, and often requires users to participate deeply before they can obtainhigh returns. In this way, participants are given the illusion of “laborincome”.

7

、经济日报消息,近日,国家互联网金融安全技术专家委员会发布监测报告指出,自

2016

年至

2018

4

月份,国家互联网金融风险分析技术平台已累计监测发现疑似诈骗平台数百家。

游戏理财平台是诈骗平台的高发业态之一,投资者在投资理财时,应注意规避。

与通常的网络游戏平台有所不同,游戏理财平台具有复杂的游戏规则,往往要求用户深度参与后,方能获得高额收益,通过这种方式,使参与者有“劳动所得”的错觉。

Femorning Daily 30.04.2018



8. People"s Daily news,with the stereotyped attractions, similar routes, and unavoidable shopping, thetraditional mass tourism model is increasingly difficult to satisfy people’sgrowing demand for personalized and high-quality travel experiences. As peopleare not happy given they are not free with the group tourism and it is notprofessional enough to prepare the plan themselves, thus, searching forveterans to develop exclusive travel plans has gradually become a choice forpeople to travel.

Custom travel is gradually rising, and the “travelcustomist” has gradually become a new profession and moved into the publicview.

8

、人民日报消息,千篇一律的景点,大同小异的路线,还有不可避免的购物……传统的成团旅游模式越来越难以满足人们日益增长的对个性化、高品质的旅游体验的需求。嫌跟团不自由,自己准备攻略又不够专业,于是寻找资深人士制定专属旅行计划日渐成为人们出游的一种选择,

定制旅游悄然兴起,而“旅行定制师”也逐步成为一种新兴职业,走进大众的视野。

Femorning Daily 30.04.2018



9. Xinhua News Agency,in order to deepen the reform of the collective forest rights system and breakthe institutional mechanisms for the development of collective forestry,

China

willexplore the establishment of the “three-power separation” operating mechanismfor collective forest lands.

Underthe precondition of legally protecting collective forest land ownership andfarmers’ contracting rights, we can have equality protection of forestlandmanagement rights, have establishment of forestland management rights for the financingguarantees to financial institutions in accordance with the law, and getownerships in forestry industrialization related systems.

9

、新华社消息,为深化集体林权制度改革,破解集体林业发展的体制机制问题,

我国将探索建立集体林地“三权分置”运行机制,

在依法保护集体林地所有权和农户承包权前提下,平等保护林地经营权,建立林地经营权依法向金融机构融资担保、入股从事林业产业化经营相关制度。

Femorning Daily 30.04.2018



10. Warren Buffett saidthat if you buy a farm, an apartment, or are interested in a company, you cando these things on a private basis, which is entirely in line with investment.You are concerned about the investment itself and expect to get a return.

Today,if you buy bitcoins or some cryptocurrencies, they won"t produce anything. Youjust want the next person to pay more.

10

、股神巴菲特表示,如果你买了一个农场、一套公寓,或者对一家企业感兴趣,你可以基于私人基础做这些事情,这完全符合投资。你关注投资本身,期望获得回报。如今,

如果你买了比特币或一些加密货币,它们不会产生任何东西,你只是希望下一个接盘者付出更多。

Femorning Daily 30.04.2018