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Since this year, CCTV has repeatedly mentioned "desperate illiteracy" and severely criticized the lack of culture in the entertainment industry. Those top stars can't even spell the word "游" correctly, don't understand odd and even, and can still live off their daily income. Chen Baoguo suggested that actors write more papers to discuss creation. Her acting skills are so bad that she turns into a meme, she relies entirely on guessing during interviews, and the common sense of elementary school students has become a star's blind spot. Such a dramatic contrast has really ruined the entire entertainment industry. Why can some idiot be a god? How many unknown tricks are hidden behind the rise of "illiterate" celebrities?

The most bizarre thing is probably that the popular Wang Yibo was asked to write the classic line "Lan Wangji is here for a trip" during a live broadcast to promote the costume drama. As a result, he actually combined "fang" with "三点水" and wrote the word "游" as "游". To say that it is interesting, I really admire the crew of "Chen Qing Ling" for writing "always" as "already come", which is a unique expression. When I was signing for a costume drama, I even missed the first half of my name "Bo" by one line, which was quite surprising.

What's even more funny is that in "Tian Tian Shang Shang", I tried to write the word "sai" in "A blessing in disguise", but ended up with all the wrong strokes, and even showed it to the camera seriously.

At the road show of "Unknown", a reporter asked him what would he say to the character he played if he traveled back to the time of the movie and met him? Wang Yibo thought for a while and then gave a rather cold answer: I don't think this kind of question is of much significance. I don't really want to say anything, and we won't meet. After saying that, the fans in the audience cheered and thought Wang Yibo's answer was so cool!

Although Yang Yang came from a major, his mistakes in reading also surprised many people, which was really jaw-dropping. He directly said in a variety show that he was an "odd number addict" and particularly liked odd numbers. When he turned around, he immediately used even numbers such as "10, 30, and 50" as examples. After being pointed out by the host on the spot, he had to say it was a "slip of the tongue" to explain away.

Later in the interview, he pronounced "control" as "control", and the atmosphere was so awkward that the host next to him felt uncomfortable, as if he could hardly find a topic. What’s even more funny is that at the CCTV May 4th Party, while others were praising those classic books, she recommended her own photo album without hesitation, without taking into account the solemn atmosphere of the occasion.

Zhao Lusi even made that illiterate joke known to the international community. It was really embarrassing. She starred in "Hutong", which was set in the early days of the founding of the People's Republic of China. During the promotion, she said to the camera that "it is the story of the founding of the party." This obviously confused the history of the founding of the People's Republic of China and the founding of the party, which was almost 30 years apart. It was really funny.

As the Ambassador of China-France Environment Month, she declared "the 40th anniversary of the establishment of diplomatic relations between China and France" on international occasions. However, it was actually the 60th anniversary of the establishment of diplomatic relations between China and France. The host was confused on the spot and could only quickly add and correct. The scene was really embarrassing.

What's even more funny is her speech in the variety show, saying that crutches are "used by old people to show off and show off their majesty." She didn't realize that it was a tool to help people with inconvenient legs and feet walk, which completely exposed the level of common sense in life that even young children are inferior to.

Rainie Yang’s lack of understanding of history made the Chinese people even more worried. When asked on a variety show how many years the Anti-Japanese War lasted, she answered “eleven years”, but the host reminded her to change it to “eight years”. She also blurted out “just eight years”, completely ignoring this period of national suffering. Even though he continued to apologize afterwards, his reputation completely collapsed.

The reason why these so-called "illiterate" celebrities can move sideways in the entertainment industry is, in the final analysis, due to the closed flow loop built by capital. The website of the Central Commission for Discipline Inspection and the National Supervisory Commission pointed out that platform capital, traffic stars and fan circle culture form a complete chain of interests. Capital controls casting and generating popularity, traffic stars are mainly responsible for attracting fans for consumption, while fan circles increase commercial value through support, fundraising, data brushing and other means. This whole process does not involve cultural literacy or acting skills.

The training methods of brokerage companies have long since changed. They prefer to invest money in packaging, styling and popularity, rather than spending money on cultivating cultural literacy. According to industry insiders, before new actors join the team, they receive at most three days of fast-food training, which mainly covers "how to set up the camera" and "how to deal with reporters' clichés." As for the in-depth understanding of the script and the study of historical background, it is entirely up to the actors themselves to perform and understand.

Capitalists prefer short-term profits: as long as a drama invites top traffic stars, even if the acting is poor and the lines are vague, fans will use words like "shattering" or "explosive power" to gain popularity on hot searches, boosting ratings and commercial advertising, thus forming an unhealthy circle in which "traffic equals revenue".

The blind pursuit of the fan circle has actually done a disservice and has become an accomplice to the evildoer. Fans always make excuses when their idols make common sense mistakes, such as "Academic qualifications do not represent ability", "It was just a mistake", "Filming is so hard, there is no need to be picky". This kind of maintenance without any bottom line makes celebrities lose their motivation to move forward and even fall into self-narcosis. As CCTV said: "Those who are indulged in the fantasies of capital and fans, without any understanding of human nature and life, and who are willing to be just puppets, really have no hope."

What is sharply different from those "illiterate" stars is the respect and respect that the older generation of actors have for this job. Chen Baoguo bluntly said at the Golden Rooster Awards that he "recommends nominees to write essays and talk about creation." These words pointed out the weakness of popular stars – actors are not only good at acting, but also need to understand the role, understand the culture, and shoulder responsibilities. In order to play the role of an ancient emperor well, he read "Historical Records" and "Zi Zhi Tong Jian" himself, and was familiar with the etiquette, clothing, and language habits of each dynasty, so that he could create a classic image with both brilliance and charm on the screen.

Li Xuejian's acting career can be said to be a model of "both virtue and art". In order to make Jiao Yulu real and touching, he went to rural Lankao to experience life. He only ate cabbage for three months and lost 30 pounds. In the end, he won the honor of double actor with his sincere acting skills. After getting nasopharyngeal cancer, he received chemotherapy during the day and was still filming in the afternoon, relying on observing mouth movements to complete his lines. In "The Wandering Earth 2" and "The Gods Part 1", he still showed admirable God-level acting skills.

Although teacher Zhao Lirong was illiterate, she worked hard to practice calligraphy for the sketch "Working Adventures". In order to sing "My Heart Will Go On" well, she listened to the original song repeatedly and used her best professionalism to make up for her cultural deficiencies. This has become an unforgettable memory in the hearts of generations of people.

CCTV has severely criticized the so-called "desperate illiterates" many times. In fact, the core reason is that it is worried that the bad trends in the entertainment industry will mislead the public and have negative impacts. Celebrities as public figures subtly influence the values ​​​​of young people – some celebrities make typos and lack common sense and still make a lot of money. However, treating "hard work" as a simple staged or hype can easily make young people mistakenly believe that they can succeed without studying. This is the truly worrying result.

Rectification of the film and television industry is imminent. We must first reverse the "traffic first" casting method and create a cultural literacy evaluation system, just like Chen Baoguo mentioned, so that actors can truly think deeply during creation instead of relying on assembly-line output. Next, the brokerage company must take on the responsibility of training, offering some cultural courses, history lectures, etc., so that artists understand that "appearance is a stepping stone, but quality is the real passport." More importantly, the audience must get rid of blind pursuit, use actions to support high-quality content, resist those "illiterate works", and let capital know that "traffic will eventually pass away, and strength is the evergreen tree."

By the way, something very puzzling happened recently in Jiangxi. What happened was like this. A 23-year-old girl named Liu walked into a local restaurant in broad daylight. As soon as she walked in, she didn't say what she wanted to eat or drink. Instead, she directly asked the proprietress for the store's WiFi password. The landlady was also a warm-hearted person, thinking that no one would need it urgently when she was away from home, so she told the girl the password without much thought, without any precautions.

After Liu connected to the WiFi, he didn't spend money in the store. He didn't even say thank you. He just turned around and squatted in front of the restaurant to play with his mobile phone. She played for more than 20 minutes, as comfortable as at home, without caring about whether it was taking up the store's resources.

Then, an unexpected scene happened. Liu played with his mobile phone for a while and suddenly walked into the store again. She didn't come to order food this time, but just opened her mouth to borrow 100 yuan from the landlady, saying that she had no money in her phone. After hearing this, the wife of the boss was stunned on the spot. These two people had never met each other before. They had not even met a few times. It was not an exaggeration to say that they were strangers. How could they have such a relationship that could make the other party borrow money so confidently? The wife of the boss felt that this was too unreliable, so she simply rejected her.

As a result, this rejection was so serious that Liu's face immediately sank, and she became furious in an instant. She started quarreling with the proprietress at the top of her lungs, and yelled, "I don't have any money in my phone now, and I'm connected to your WiFi, so it's your fault, and you have to lend me the money."

This kind of thing sounds completely ridiculous, and no normal person would think so, but Liu seems to be very confident, as if there is no problem at all with her request.

After a few quarrels, Liu became more and more excited and couldn't control himself at all. She started smashing things randomly in the store, and raised her hand to sweep all the tableware, plates, and other debris on the table to the floor. Then she tried her best to overturn the dining table, only to hear a ping-pong-pong sound, the dishes shattered, and the vegetable soup spilled all over the floor.

The originally clean and tidy restaurant suddenly became a mess and a mess. There were several other tables of customers eating in the store at that time, and they were also frightened by this sudden scene. Some hurriedly paid and left, while others sat there blankly, not knowing what to do.

When the male boss saw that his shop was smashed into such a mess, he was so angry that he trembled all over. He immediately jumped up from his seat and ran out after Liu. But after chasing for more than a hundred meters, he also considered that if something happened during the chase, it would be troublesome. He couldn't help but feel worried, so he had no choice but to stop and turn back.

When the proprietress saw Liu running away, she quickly took out her mobile phone and called the police. She recalled that Liu was wearing slippers that day and walked to the restaurant, so she speculated that the woman should live in a nearby residential area and could not run far. She was most likely hiding in a corner of the surrounding area.

The police arrived at the scene quickly after receiving the call. They carefully reviewed surveillance video from the store and surrounding streets. The surveillance video clearly captured the entire process of how Liu entered the store and asked about WiFi, how he played with his mobile phone, how he asked to borrow money, how he lost his temper and smashed the store after being rejected, and finally how he ran away in a panic, with complete details.

The police officer handling the case judged that she probably lived nearby based on the physical characteristics of Liu in the surveillance video, such as her height, fatness, and the clothes she was wearing at the time, as well as the small details provided by the landlady that she came on foot and wore slippers.

As a result, in less than twenty-four hours, the police compared and checked a large amount of surveillance information and materials, and soon found Liu in a rental house in the city and arrested her.

Faced with the clear evidence from the surveillance, Liu wanted to make a quibble at first, saying that he acted because the boss's wife had a bad attitude and made him angry. However, it was useless to argue. In the end, she honestly admitted that she was causing trouble and deliberately damaging things in the restaurant. This was all illegal.

Afterwards, the police made a decision to punish Liu in accordance with the law. She was administratively detained for ten days and fined 500 yuan. At the same time, the police also ordered her to compensate the restaurant for its financial losses. After some calculations, the tables, chairs, various tableware and some ingredients she smashed were worth more than 800 yuan in total.

Liu paid the compensation to the restaurant owner's wife on the spot, and also wrote a letter of apology in front of the restaurant owner's wife, admitting his mistake. This matter is finally over.

In the field of mobile network equipment, the emergence of 5G portable WiFi marks a substantial leap in wireless connection capabilities. The core function of this type of equipment is to convert 5G mobile network signals into local WiFi signals. Its value is not to create a network, but to reconstruct the access and use of high-speed networks.

From the physical composition analysis, the 5G portable WiFi device can be disassembled into a signal receiving module, a data processing unit and a signal transmitting system. The signal receiving module is responsible for capturing the 5G radio frequency signal emitted by the operator's base station, and its performance directly determines the initial signal quality. The data processing unit performs key protocol conversion and data encapsulation work, converting mobile network data packets into Ethernet standard format. The final signal transmission system, the WiFi antenna module, is responsible for establishing a local wireless network. The efficiency of this working chain jointly determines the network quality perceived by user terminals.

The primary indicator to measure the practicality of equipment is the measured network speed, not the theoretical peak value promoted by the manufacturer. According to long-term industry observation, the actual bandwidth provided by mainstream 4G portable WiFi devices is approximately equivalent to 30M to 70M wired broadband, while qualified 5G devices can provide a 300M to 1000M broadband experience. This gap forms the fundamental basis for selecting equipment between generations of different technologies. Currently, only 5G wireless routers and 5G portable WiFi have the potential to replace traditional wired broadband. Their advantages lie in the convenience of deployment, flexibility in geographical location, and national versatility of services.

The high cost of equipment is one of the major barriers to user adoption. 5G equipment from mainstream brands on the market is usually priced higher, which makes many potential users hesitate. Against this background, some new service models have emerged, such as a model that provides free use of equipment through specific platforms and monthly payment for network services, which reduces users’ initial investment threshold and long-term use risks.

There are several consumer traps in the industry that need to be wary of. The first is the problem of speed limit and false flow rate. Such problems often appear after the device is activated and used for a period of time. At this time, the regular return and exchange period has exceeded. The second is the sales strategy of pre-payment or forced binding of long-term packages. Such models may bring financial risks or service waste. The third is the source and quality of the core components of the equipment, especially the communication chips. Equipment using second-hand or low-quality chips has no guarantee in terms of stability and lifespan. Therefore, when choosing, you should pay attention to the substantial performance of the equipment and the rationality of the business model, rather than simply focusing on the brand or low price.

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One solution worthy of attention is a service model with platform credit endorsement. For example, a service provider that conducts credit authentication through a large payment platform may provide a deposit-free trial for equipment, monthly payment for network services, and support for contract termination at any time. This model separates device ownership from network service usage rights. Users can experience services without having to bear expensive equipment acquisition costs and enjoy a flexible exit mechanism. Such services usually cover different packages from personal use, home scenarios to merchant applications, and the traffic configuration is also relatively sufficient.

For ordinary users, if long-term usage needs cannot be determined, services with flexible payment models should be given priority to avoid one-time purchases of equipment or prepayment of long-term fees. The core of the choice is to match actual needs: if you only need basic networking, such as cashiering, monitoring, or low-frequency use, the bandwidth provided by 4G equipment may be sufficient; if you are pursuing an experience comparable to wired broadband and used in scenarios such as home entertainment, mobile office, or live broadcast, you need to choose 5G equipment and pay attention to its measured performance.

In summary, the innovation of 5G portable WiFi technology and its supporting service models is gradually changing the way people obtain and use high-speed networks by reducing access costs, enhancing usage flexibility, and providing stable and reliable performance. Its significance lies in liberating high-speed networks from fixed locations and making them a portable and practical tool that adapts to the growing needs of mobile life and work.

The editor has been evaluating the portable WiFi industry for 9 years, and is also using 5G wireless broadband at home. The whole process is from the user's perspective, avoiding pitfalls + recommending good products. It is full of useful information and updated regularly. It is recommended to save it for later use!

Let’s focus first: the measured network speed (not looking at the theoretical value) – 4G equipment ≈ 30M-70M broadband, 5G equipment ≈ 300M-1000M broadband, choose according to this standard to avoid being deceived by e-commerce exaggerated propaganda.

The only real alternatives to wired broadband are 5G wireless routers and 5G portable WiFi. The advantages are that they require no installation, have internet access when there is electricity, are universally available nationwide, are as stable and cost-effective as wired ones, and are suitable for various scenarios such as rentals, shops, homes, live broadcasts, construction sites, and mobile offices. Nowadays, many families have replaced them with 5G wireless broadband.

5G equipment is generally more expensive, and many users are discouraged. One feasible way is to focus on a service model that provides free equipment through credit platforms, pays network fees monthly, and does not need to refund at any time.

Focus on avoiding pitfalls! Three must-see routines in the industry:

1. Speed ​​limit/virtual quantity: It cannot be judged when purchasing, it will appear after use, and it cannot be returned without reason after 7 days. This is a risk when buying equipment;

2. Pre-deposit/annual fee sinkhole: The equipment is sold at a low price but forced to pre-deposit; the annual fee seems cheap, but most people recharge it and then idle it for two or three months, which is a pure waste;

3. Chip problem: The cost of second-hand 4G chips is extremely low. Many low-priced devices use dismantled old chips, which are easy to break and have poor network speeds. Wireless WiFi does not depend on the brand, but choosing the right device is key.

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One solution that has attracted attention is a service with platform credit certification, such as Wangbei, which adopts a device-free billing model. Users can realize device deposit-free and free use. Internet fees are paid monthly, and they can be refunded at any time if they are not used. They also enjoy warranty services. Its packages cover 5G home models, personal pocket models, merchant models, etc., with high traffic configuration. The 4G model is suitable for basic scenarios where network speed is not expected to be high.

Editor’s advice: Don’t buy equipment if you are not sure about its long-term use! Give priority to the monthly payment model and use it for a few months to pay for several months to avoid waste; don’t be fooled by the annual fee. Most people use it for less than half a year and it is purely a waste of money.

Summary: Solving the pain points of expensive equipment, inflexible packages, and difficult returns through the credit model, focusing on equipment selection and zero-routine services, is a pragmatic consideration for ordinary people to choose portable WiFi/5G wireless broadband.

On December 15, Alt (300825) announced that its holding subsidiary had terminated major contracts for daily operations.

The announcement shows that the company's controlled subsidiary Sichuan Alt New Energy Automobile Co., Ltd. (referred to as Sichuan Alt or the seller) signed the "Contract By and BetweenSichuan IAT New Energy Automobile Co., Ltd. And HDI TRADING" with HDITRADING CO., LIMITED (referred to as HDI or the buyer) on August 26, 2024. CO., LIMITED", HDI plans to purchase special hybrid transmission products (DHT) from Sichuan Alt. The total contract amount is expected to be no less than 1.451 billion yuan (excluding tax).

On December 15, Sichuan Alt and HDI signed a "Termination Agreement". Affected by the market environment in the region where HDI's final customer is located, the buyer and the seller agreed to terminate the original contract in accordance with the original contract through friendly negotiation.

According to Alt's announcement in August last year, HDI hopes to purchase dedicated hybrid transmissions (DHT) from Sichuan Alt for use in its operations and supply to its OEM customers. Sichuan Alt has relevant R&D and production capabilities and agrees to supply DHT products to HDI in accordance with the terms and conditions stipulated in the contract.

Alt said that the termination of the contract was the result of careful study by the company and its holding subsidiaries and consensus with the other party.

Up to now, except for the manpower investment in the early stage of the project plan production, the company has not purchased raw materials and other productive investments, which will not have a significant impact on the company's current operating results and financial status, and there will be no harm to the interests of the company and all shareholders.

According to the data, Alt is a forward-looking technology-driven technological innovation enterprise focusing on full-process R&D of complete vehicles and vehicle platforms, development of new energy intelligent platforms, and R&D and manufacturing of core components. It is the only independent automobile design company listed on A-shares.

In the first three quarters of this year, the company achieved operating income of 736 million yuan, a year-on-year increase of 19.30%; net profit attributable to the parent company was a loss of 151 million yuan, a year-on-year decrease of 12246.62%, and the loss amount has exceeded the 133 million yuan for the whole of 2024.

Looking at the third quarter alone, Alt's net loss was 92.64 million yuan, a further increase of 22.05 million yuan from the previous quarter.

Regarding the reasons for the substantial losses, Alt explained in its third quarter report: "Affected by factors such as the current development status of the domestic automobile industry, pressure to reduce automobile prices has been transmitted to the upstream automobile R&D and design links; the company's profit margin on orders on hand in the past two years has been low, and its gross profit margin has declined."

Alt also disclosed an announcement on December 15 that in order to further optimize the company's resource allocation, reduce management costs, and improve operational efficiency, Chongqing Alt New Energy has completed the deregistration procedures in accordance with relevant procedures.

Shenzhen High-tech Park. Photographed by Shenzhen Special Economic Zone News reporter Zhou Hongsheng An aerial view of Shenzhen High-tech Industrial Park. Zhou Hongsheng Kingdee International provides localized services for overseas companies. (Visual China) Kingdee International provides localized services for enterprises expanding overseas. VCG

Shenzhen News Network, January 21, 2026 (Shenzhen Special Zone Daily reporter Zhou Yumeng) As the window for China’s reform and opening up and the core engine of the Guangdong-Hong Kong-Macao Greater Bay Area, Shenzhen has used digital service outsourcing as a breakthrough in recent years to continue to promote the upgrading of the information technology outsourcing (ITO) industry towards high value-added and high-tech content.

According to the latest data from the Shenzhen Municipal Bureau of Commerce, as of December 2024, Shenzhen's offshore service outsourcing business covers 82 countries and regions around the world, with digital trade import and export of US$60.16 billion, a year-on-year increase of 11.3%. Among them, the export volume was US$29.21 billion, a year-on-year increase of 6.4%. As a national service outsourcing demonstration city, Shenzhen has made particularly outstanding contributions. In 2024, the execution volume of national service outsourcing will increase by 17.4% year-on-year, among which the execution volume of information technology outsourcing (ITO), business process outsourcing (BPO) and knowledge process outsourcing (KPO) will increase by 6.47%, 10.95% and 11.69% respectively, becoming an important growth pole for national ITO exports.

Policies are targeted to drive high value-added transformation

In order to consolidate and expand the advantages of the ITO industry, in the past two years, Shenzhen's policy support for ITO/KPO and other high value-added service outsourcing has shifted from "widening the net" to "fine focus".

In 2023, Shenzhen issued "Several Measures to Support the High-Quality Development of Digital Trade" which stipulates that 15% of the execution value of cloud computing and AI outsourcing contracts will be rewarded (with a maximum limit of 5 million yuan for a single project) to promote the transition of enterprises to high value-added fields such as AI and industrial software; the "Shenzhen i Enterprise" platform provides 80% cost reimbursement for corporate employees to obtain international certifications such as AWS and PMP; the "International Professional Qualification Certification" piloted in the Qianhai Cooperation Zone recognizes the IT qualifications of Hong Kong, Macao and Singapore, injecting policy dividends into industrial development.

"Shenzhen's service outsourcing policy has entered a new stage of 'improving quality and increasing efficiency'." Li Ming, director of the Service Trade Research Center of Shenzhen University, said, "In the past, we competed for costs, but now we compete for technology, delivery, and ecology. The government uses real money to guide enterprises to upgrade to knowledge-intensive fields such as cloud computing, AI, and industrial software, which is seizing the window period of global digital transformation."

Diverse entities collaborate to build global delivery capabilities

In the Shenzhen ITO ecosystem, different types of enterprises show their strengths and form a synergistic effect. It not only has global technology giants such as Huawei and Tencent, but also gathered a group of professional ITO service companies, forming a complete pattern of "head empowerment + professional deep cultivation".

Platform technology companies rely on their own technology base to export digital infrastructure capabilities. For example, Huawei Cloud has set up multiple delivery centers around the world to provide localized ITO services to customers in Europe, the Middle East, Latin America and other places; Tencent relies on Tencent Cloud and the Qidian platform to build the technical support system for overseas games into an ITO benchmark. "This is no longer a simple code outsourcing, but the output of global digital infrastructure capabilities." An industry analyst commented.

In addition, there are more than 50 leading IT service providers that are listed or in specific fields, including Kingdee International, ChinaSoft International, iSoftStone, and Farben Information, as well as more than 3,000 specialized small and medium-sized enterprises. They have won recognition in the international market with their agile delivery and deep development in vertical fields. For example, Kingdee International has built a three-in-one overseas delivery resource pool to provide localized services to Chinese companies going overseas. Up to now, Kingdee's customer business has spread to 172 countries and regions around the world, and has served a total of 1,000+ overseas benchmark companies, becoming the preferred partner for overseas companies.

The talent structure continues to be optimized to support high-quality development of the industry

Talent is the core driving force for the growth of the ITO industry.

Data shows that as of 2025, the number of registered employees in Shenzhen has exceeded 12.71 million, of which nearly 700,000 are engaged in information transmission, software and IT services, making it one of the cities with the highest concentration of IT talents in the country. In cutting-edge fields such as artificial intelligence and cloud computing, Shenzhen’s concentration of high-end talents ranks among the top in the country; in the field of service outsourcing, Shenzhen’s talents with multi-lingual and international project experience account for about 24%, which is significantly higher than the 12% average level of the national service outsourcing industry.

Through the three-in-one training mechanism of school-enterprise cooperation, government training, and international introduction, universities such as Shenzhen University and Southern University of Science and Technology have established service outsourcing colleges and jointly built industrial bases with Huawei and Tencent, producing tens of thousands of ICT and information technology-related graduates on average every year.

"Currently, Shenzhen is accelerating from the past model of relying on large-scale supply of human resources to a new stage of value creation driven by high-end talents." The head of Liepin South China said that Shenzhen's engineering team is becoming the core competitiveness of service outsourcing "going abroad".

Focus on cutting-edge areas and contribute to service outsourcing upgrade Shenzhen solutions

Currently, Shenzhen's ITO industry is accelerating its climb to the top of the value chain. In 2024, 11 service trade digitalization cases in Shenzhen were selected as the construction results of the "Guangdong-Hong Kong-Macao Greater Bay Area Trade Digital Pilot Zone", covering cutting-edge areas such as AI-driven test automation and low-code platform outsourcing.

Experts generally believe that Shenzhen's ITO industry has initially formed a virtuous cycle of "technology-driven-policy guidance-enterprise implementation". In the future, with the deepening of digital trade rules under the RCEP framework, the advancement of cross-border data flow pilots in the Guangdong-Hong Kong-Macao Greater Bay Area, and the continued enhancement of corporate international operation capabilities, Shenzhen is expected to occupy a more strategic position in the global ITO value chain.

"Shenzhen ITO's model with technological innovation as the engine, global delivery as the stage, and high value-added services as the core has not only contributed to the Shenzhen plan for upgrading China's service outsourcing, but also set a new benchmark in the reconstruction of the global digital service value chain." Li Ming said.

Zhou Yumeng, Shenzhen Special Zone Daily

As China's pioneering reform hub and the core engine of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), Shenzhen is leveraging digital service outsourcing to propel its information technology outsourcing (ITO) sector toward high-value, technology-intensive offerings.

Data from the Shenzhen Municipal Commerce Bureau revealed that as of December 2024, the city's offshore service outsourcing had reached 82 countries and regions. Digital trade import-export volume hit US$60.16 billion in 2024, up 11.3% year on year, with exports growing 6.4% to US$29.21 billion. As a national service outsourcing model city, Shenzhen saw executed contract value rise 17.4% in In 2024, with ITO, BPO (business process outsourcing), and KPO (knowledge process outsourcing) growing 6.47%, 10.95%, and 11.69%, respectively, cementing its role as a key national growth pole for ITO exports.

Shenzhen has refined policy support to consolidate its advantages in high-value segments like ITO and KPO. In 2023 the city introduced a series of measures to promote high-quality digital trade. Among them was a 15% reward-based on executed contract value-for outsourcing projects in cloud computing and AI, steering firms toward premium sectors like industrial software. Additional incentives included the “Shen i Qi” platform's 80% subsidy for international certifications and Qianhai's pilot program recognizing overseas vocational qualifications.

"Shenzhen's policy has entered a stage of quality and efficiency enhancement," noted Li Ming, director of the Service Trade Research Center at Shenzhen University. "Competition is now centered on technology, delivery, and ecosystem – not just cost."

Shenzhen's ITO ecosystem thrives on the complementary strengths of diverse players. Alongside global giants like Huawei and Tencent, the city hosts a cluster of agile service providers.

Platform-based enterprises are exporting digital infrastructure capabilities globally. Huawei Cloud has established worldwide delivery centers while Tencent leverages its cloud and Qidian Platform to transform technical support for game exports into an ITO benchmark. “This represents the export of global digital infrastructure capability, far beyond simple coding,” an industry analyst observed.

Over 50 leading IT firms, including Kingdee International, Chinasoft International, iSoftStone, and Faben Information, alongside thousands of specialized SMEs, are winning international business through agile delivery and deep vertical expertise. Kingdee, for example, serves clients in 172 countries, supporting over 1,000 overseas flagship enterprises.

A robust talent pool underpins the industry's ascent. Shenzhen's employed population had exceeded 12.71 million by 2025, with nearly 700,000 in IT services. making it one of China's most talent-dense IT cities. The city leads in concentrations of high-end talent in AI and cloud computing. Notably, about 24% of its service outsourcing workforce possesses multilingual and international project experience-double the national average.

Local universities, including Shenzhen University and the Southern University of Science and Technology, partner with industry leaders like Huawei and Tencent, producing tens of thousands of ICT graduates annually.

Shenzhen's ITO sector is now accelerating toward the top of the global value chain. In 2024, 11 of its digital trade cases were featured in the achievements of the GBA Trade Digitalization Pilot Zone, spanning AI-driven test automation and low-code platform outsourcing.

Experts expect Shenzhen to take on a more strategic global role as digital trade rules deepen under RCEP, cross-border data flow pilots advance in the GBA, and local firms enhance international operations.

"Shenzhen's ITO model-powered by innovation, staged for global delivery, and centered on high-value services-offers a blueprint for China's service outsourcing upgrade and sets a new benchmark in the restructuring of the global digital value chain," Li said.

(translated by Li Jing)

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APEC Snapshots

APEC organizational structure

APEC has a five-level operating mechanism: informal leaders’ meeting, ministerial meeting, senior officials’ meeting, committees and working groups, and secretariat.

APEC's main topics: As a regional economic cooperation forum, APEC mainly discusses issues related to the global and regional economy, such as trade and investment liberalization and facilitation, regional economic integration, connectivity, economic structural reform and innovative development, the global multilateral trading system, economic and technological cooperation and capacity building, etc.

APEC Structure

APEC operates within a five-tier framework: the Leaders' Meetings, Ministerial Meetings, Senior Officials' Meetings, committee and working-group meetings, and the Secretariat.

APEC's core agenda: As a forum dedicated to fostering regional economic cooperation, APEC primarily addresses global and regional economic issues. Its core agenda includes trade and investment liberalization and facilitation, regional economic integration, connectivity, economic structural reform and innovation, strengthening the global multilateral trading system, and promoting economic and technical cooperation for capacity building.

Looking back at APEC

APEC Through the Years

Second stop:

Bogor, Indonesia

In 1994, the second APEC leaders' informal meeting was held in Bogor, Indonesia. This meeting established APEC's goal of realizing trade and investment liberalization, known as the Bogor Goals, and proposed two timetables for developed members to achieve this goal before 2010 and for developing members to achieve this goal before 2020.

Bogor City is a famous city in West Java, Indonesia, about 60 kilometers north of Jakarta, the capital of Indonesia, with a population of about 3 million. Bogor has a pleasant climate and abundant rainfall. It is known as the place with the most thunder in the world and is known as the "Thunder Capital of the World". Bogor City has developed agriculture, manufacturing and tourism. Its famous attractions include Bogor Botanical Garden, Sala Volcano, etc. In August 2005, Shenzhen and Bogor established sister cities.

Second Stop: Bogor, Indonesia

The second APEC Economic Leaders'Meeting was held in Bogor, Indonesia, in 1994. At the meeting, APEC leaders adopted the Bogor Goals, which aimed for free and open trade and investment in the Asia-Pacific by 2010 for industrialized economies and by 2020 for developing economies.

Located 60 kilometers south of Jakarta, Bogor is a city of roughly 3 million people. It is known for pleasant climate, abundant rainfall, and frequent thunderstorms—a trait that has earned it the nickname “Lightning Capital of the World.” The city benefits from a well-developed agricultural sector, a strong manufacturing industry, and a thriving tourism scene. Among its notable attractions are the Bogor Botanical Gardens, and the nearby Mount Salak. In August 2005, Bogor and Shenzhen established a sister-city relationship.

Policy highlights

Policy Spotlight

Shenzhen’s “real money” promotes high-quality development of service trade

In May 2025, the Shenzhen Municipal Bureau of Commerce issued the "Ten Key Points of Policies to Support the Development of Shenzhen's Service Trade in 2025", offering "real money" to encourage companies to explore international markets and fully promote the high-quality development of service trade.

The policy proposes to encourage the undertaking of high value-added outsourcing business. Support service outsourcing enterprises to undertake high value-added service outsourcing businesses such as information technology outsourcing (ITO) and knowledge process outsourcing (KPO), and cultivate a number of industrial clusters and leading enterprises with complete functions and outstanding innovation around the high-end field of service outsourcing. Qualifying enterprises will be awarded up to 1 million yuan each.

At the same time, in December 2025, the Ministry of Commerce, the Central Cyberspace Administration of China, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Finance, and the General Administration of Customs jointly issued the "Action Plan to Promote the High-Quality Development of Service Outsourcing." It is proposed to support the high-quality development of service outsourcing demonstration cities such as Shenzhen by focusing on the implementation of platform carrier improvement actions and innovation-led actions.

Shenzhen invests heavily in service trade

In May 2025, the Shenzhen Municipal Commerce Bureau rolled out 10 new measures to bolster service trade development, providing strong financial incentives for enterprises to expand globally and upgrade the sector's growth quality.

The policy encourages firms to take on high value-added outsourcing-including ITO and KPO-and aims to foster innovative, functionally advanced industrial clusters and market leaders. Eligible companies may receive rewards of up to 1 million yuan each.

In December of the same year, national authorities issued an action plan to promote the high-quality development of service outsourcing. The plan outlines initiatives such as enhancing platform infrastructure and spurring innovation, and supports high-quality development in demonstration cities including Shenzhen.

Managing money is managing life. If you don’t manage money, money will not care about you!

1. What is financial management?

Financial management, from a young age, is about establishing your own financial management logic system. By taking care of our finances, while properly managing daily expenses, we have been working hard to increase passive income, and finally embarked on the road of making money just by sitting down. The three cornerstones of wealth growth – principal, interest rate and time, form the core of entry-level financial management and minimalist investment. Reduce risk by diversifying your investments while broadening potential avenues for increasing income.

Financial management, from a broad concept, also includes the source of wealth, consumption concepts, rich people's thinking, how to use five insurances and one housing fund, fixed investment in funds, gold preservation, stock trading, investment evaluation, etc.

Managing money is also managing life. Investing in yourself is the best investment. Investing in yourself here does not mean buying luxury goods, but investing money in projects that can improve our work skills or competitiveness, such as training, courses, work, fitness, etc.

True stability comes from the ability to control money. Only when we build a logical thinking system that suits our own situation, and can effectively integrate and flexibly use resources such as money, wisdom, experience, and connections, can we truly feel the true meaning of freedom and gain true stability.

2. Correct understanding of financial management

Financial management must first get rid of cognitive misunderstandings: Don't wait until you are very rich before you manage money. Think about your life beyond the limitations of money. It does not mean that you will have money in the future and your life will be good if you have a good job and high income.

Of course, financial management is not about getting rich overnight. You have to dig your own moat and choose the right products.

In the field of investment and financial management, the first priority is to improve personal cognitive abilities, because the key to profitability often lies in information asymmetry and cognitive differences. Fundamentally, investing is the financial manifestation of our overall cognitive level, which translates our insights into politics, macroeconomics, industry trends, business operations, understanding of human nature, and even self-awareness into measures of gain or loss.

Therefore, when we have accumulated more and more wisdom and more mature perspectives, investment has become a good choice for our last career.

3. The key to financial management is that you must have money and you must be talented.

All financial management skills and methods will eventually be focused on "money". If you don't even have "money", how can you talk about "management"? Therefore, the key to financial management is that you must have money and you must be talented.

Most of us are struggling on the road of primitive accumulation, that is, you must first have the first pot of gold. As for how much money it is, it depends on your personal situation and the city where you live.

For many 8090s, even if they graduate from college and work hard for four or five years, and have a first pot of gold of about 200,000, they are often prepared for the down payment of a car house. If this is the case, the road to financial freedom through financial management will be aborted. Although buying a house is relatively an investment, you are tied to the house. Just like a kite, you can only fly freely within a limited range. When the kite flyer is tired, you have to go back obediently.

The first pot of gold that can really be retained and managed is often the struggling people in first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen. Because the housing prices are too high and they cannot afford it, they simply do not consider the down payment, so financial management is crucial for them.

For those of us on the road to primitive accumulation, we can say less about financial management and more about accumulation, accumulating experience, accumulating knowledge, and accumulating abilities.

If you want to open a lock, your focus is not on the lock, but on finding the key. Experience, knowledge, and ability are the integrated keys to money. Focus on growth and investment and learning, and financial managers will naturally open up for you.

When it comes to money, in addition to increasing income, it is also important to reduce expenditure. Reading a financial management book after your hard work is not as practical as not buying an Apple

4. Regarding the flow of money

Before we start managing money, we need to understand the laws of money.

There are two distribution patterns of things in this world:

The role and influence of Yunbi in the digital currency market

In the dynamic and variable field of the digital currency market, Yuncoin occupies a unique position. As one of many digital currencies, Yunbi’s status is influenced by a variety of factors.

First of all, from a technical perspective, the advancement and security of the blockchain technology used by Yunbi is one of the key factors that determine its status. If Yunbi's technical architecture is efficient, stable and difficult to break, then its trust and competitiveness in the market will be relatively high.

Secondly, the market supply and demand relationship also has an important impact on the status of Yunbi. When the market demand for Cloud Coins is strong and the supply is relatively limited, the price of Cloud Coins will tend to rise, thereby enhancing its position in the market. Conversely, if there is excess supply and insufficient demand, its position may be affected.

Furthermore, Yunbi’s development team and community support are also factors that cannot be ignored. A strong and active development team can continuously improve and optimize the performance of Yunbi, launch new functions and application scenarios, and attract more users and investors. At the same time, an active community can provide strong support for the promotion and development of Yunbi and enhance its influence in the market.

In order to more clearly demonstrate the status and related impact of Yunbi in the digital currency market, the following is a simple comparison table:

Factors: The impact of Yuncoin’s characteristics on market position

technology

Efficient and secure blockchain technology

Improve trust and enhance competitiveness

supply and demand

Strong demand, moderate supply

Prices rise, status improves

Team and Community

Strong development team, active community

Promote development and expand influence

The change in the status of Yuncoin will also have a chain reaction on the entire digital currency market trend. When the status of Yuncoin rises, it may attract more funds to flow into the digital currency market, driving up the prices of other related currencies and stimulating investment enthusiasm in the market. At the same time, it may also encourage more project parties to learn from Yunbi’s successful experience and promote technological innovation and development in the entire industry.

However, if Yunbi's status declines, it may trigger investor panic, lead to capital outflows, and have a certain impact on the market. In addition, it may also affect market confidence in other similar currencies, triggering market adjustments and reshuffles.

In short, Yuncoin’s position in the digital currency market is not static, but is affected by the interaction of multiple complex factors. Investors and market participants need to pay close attention to changes in these factors in order to make informed investment decisions.

Cloud currency is not a formal, regulated and legal financial investment target. It is usually related to virtual currency. The virtual currency market has emerged in recent years, but there are many problems and risks.

Yuncoin’s trading mechanism is mainly based on decentralized blockchain technology. Its transactions are generally conducted on specialized virtual currency trading platforms. Users first need to register an account on the trading platform, complete necessary steps such as identity verification, and then obtain trading funds by recharging legal currency or other mainstream virtual currencies to the platform. When trading, users can choose to buy or sell Yuncoin according to market conditions. During the transaction process, blockchain technology will record each transaction information to ensure the traceability and non-tamperability of the transaction. For example, when user A transfers cloud coins to user B, the transaction information will be packaged into a block and added to the blockchain, and all nodes in the network will verify the transaction.

However, there are many potential risks associated with this trading mechanism. From a legal perspective, virtual currency transactions are not protected by law in China. In 2017, seven ministries and commissions including the People's Bank of China issued the "Announcement on Preventing Financing Risks of Token Issuance", clearly stating that virtual currency transactions are illegal financial activities. This means that once investors suffer losses in cloud currency transactions, it will be difficult to protect their rights and interests through legal means.

From a market perspective, the Yuncoin trading market is highly volatile. Due to the lack of effective supervision and regulation, its prices are easily manipulated. Some criminals may influence the price of Yuncoin by spreading false information, malicious speculation, etc., thereby making huge profits. For example, they may first buy a large amount of Yuncoin, then publish good news to attract investors to follow the trend and then sell it after the price rises, causing losses to the investors who follow the trend.

On a technical level, although blockchain technology itself has certain security, the Yunbi trading platform may have security vulnerabilities. Hackers may attack the trading platform and steal users' account information and funds. Once this happens, users' assets will face huge losses.

The following table compares the differences between cloud currency trading and regular fund trading:

Comparison project cloud currency trading regular fund trading

legality

Illegal financial activities in China

Strictly supervised by law, legal and compliant

degree of supervision

Almost no effective supervision

Strictly regulated by the China Securities Regulatory Commission and other departments

price stability

Highly volatile and susceptible to manipulation

Relatively stable and related to the overall performance of the market

Risk level

extremely high

It varies depending on the type of fund, but overall it is relatively controllable

To sum up, there are many potential risks in Yunbi trading. Investors should stay away from such illegal transactions and choose legal and compliant financial investment products.

Financial management is difficult to say, easy to say. Some people have financial freedom throughout their lives, while others are trapped by money all day long. What's the difference? It depends on whether you have mastered the correct concepts and methods of financial management. As someone who has experienced this, I have summarized 15 lessons learned through blood and tears. I hope you can understand at least 7 of them and avoid detours on your financial management journey.

1. Basics of Financial Management

1. Save first, spend later

This is the first principle of financial management, but it is also the most easily ignored. Most people are accustomed to "income – expenditure = savings", while smart people follow "income – savings = expenditure". After receiving your monthly salary, you must first save at least 20% of your salary, and then use the remaining money for consumption. Believe me, this way you will not feel that your quality of life has deteriorated, but you will feel more at ease because you have savings.

2. Accounting is the first step in financial management

You can never manage your finances effectively if you don’t know where your money is being spent. Keep keeping accounts for 3 months, and you will be surprised to find so many "loopholes" in your spending habits. Nowadays, there are many accounting apps that are simple to operate. Spend 5 minutes a day recording, and long-term persistence will yield amazing returns.

3. Build an emergency fund

Life is unpredictable, and unemployment, illness, and accidents may happen suddenly. Before starting any investment, prepare 3-6 months of living expenses as an emergency fund. This money should be placed in a highly liquid place, such as a currency fund or a demand deposit, and can be withdrawn at any time.

2. Consumption Concepts

4. Distinguish between "needs" and "wants"

Merchants try to confuse these two concepts every day. You need food, but not necessarily three Michelin stars; you need clothes, but not necessarily the latest luxury goods. Before every purchase, ask yourself: Is this really a necessity? Are there any more affordable alternatives?

5. Be wary of "small money" traps

A cup of coffee worth 35 yuan may not seem expensive, but one cup a day costs 12,775 yuan a year, or more than 120,000 yuan in ten years. This doesn’t mean you can’t enjoy life, but you need to realize the power of small amounts of money accumulated. Similarly, the small amount of money saved through investment and financial management can also produce a huge compound interest effect.

6. Avoid "face consumption"

Many people are in debt not because of their basic needs, but because they excessively pursue a lifestyle beyond their capabilities: designer bags, luxury cars, high-end restaurants… True happiness comes from the heart, not external material display. Remember: looking rich and actually having money are two different things.

3. Investment and Financial Management

7. Start investing early

Time is investment's best friend. Assuming an annualized rate of return of 10%, if you start investing 1,000 yuan a month at the age of 25, you can get about 3.2 million yuan by the age of 60; and if you start the same investment at the age of 35, you can only get about 1.2 million yuan. A ten-year gap results in a difference of nearly 2 million! Don't wait to "invest until you have money", start now, even if the amount is small.

8. Don’t touch things you don’t understand

Bitcoin, NFT, futures…these popular investments may bring high returns, but if you don't understand how they work, it's gambling, not investment. Stick to investing in things you understand, and would rather miss than invest in the wrong thing.

9. Diversify investment risks

"Don't put all your eggs in one basket" is an eternal truth. Diversify your funds into different asset classes based on your risk tolerance: stocks, bonds, real estate, gold, etc. This way, even if one market falls, the overall portfolio won't be fatally hit.

10. Hold for the long term and wait patiently

Investment is not gambling and does not need to be done every day. Choose high-quality assets, hold them for the long term, and ignore short-term market fluctuations. Data shows that frequent traders have much lower returns than long-term holders because transactions incur handling fees and it is difficult to accurately predict short-term market trends.

4. Debt Management

11. Stay away from loan sharks

Credit card installments, cash loans, online loans…the actual annualized interest rates of these seemingly convenient borrowing methods are often as high as 15% or more. Unless absolutely necessary, avoid loan sharking. If you already have high-interest debt, repay it first because the actual rate of return on repayment is equal to the borrowing interest rate.

12. Use leverage with caution

Borrowing money to invest may magnify gains, but it may also magnify losses. Especially for new investors, do not use leverage lightly. Many investment gurus warn: Leverage is a tool of destruction for smart people.

5. Life Planning

13. Insurance is necessary, but not investment

The core function of insurance is protection, not financial management. Prioritize the allocation of protection insurance such as critical illness insurance, medical insurance, and accident insurance, and the insurance amount must be sufficient to cover risks. But don't buy high-premium products that bundle "investment" features, which are usually very cost-effective.

14. Continuously improve yourself

The best investment is in yourself. Whether it's learning new skills, improving your education, or expanding your network, these investments may not bring immediate financial returns, but they often have the highest returns in the long run. Your ability to make money is your greatest source of wealth.

15. Set financial goals and review them regularly

Financial management without goals is like a headless fly. Set short-term (1 year), medium-term (3-5 years), and long-term (10+ years) financial goals and develop specific plans to achieve them. Review progress every quarter and adjust strategies.

Financial management is a marathon, not a sprint. These tips may seem simple, but few people actually stick to them. If you can understand and practice 7 of them, you will have surpassed 80% of people and will definitely avoid many detours on the road to financial management. Remember, the purpose of financial freedom is to have more choices and live the life you really want, not to be a slave to money.

Start now, pick one or two and take action now. Your future is shaped by every decision you make now.

Beginners to financial management can start with investments that have lower risks and relatively stable returns. Do not blindly pursue high-yield investment products without experience, because high returns also mean high risks. Here are some investment references suitable for novices in financial management.

1. Bank deposits

Bank deposits are the most common and least risky financial option. Mainly divided into demand deposits and time deposits. Bank deposits are a capital-protected investment option and are protected by deposit insurance.

Demand deposits can be deposited and withdrawn at any time, and the deposit interest rate is low. If the funds are needed at any time, you can choose the survival period.

Time deposits have a fixed deposit period. Investors deposit funds in the bank to obtain income according to the agreed period and interest rate. The deposit interest rates of different deposit terms and different banks will be different. Investors can compare more bank interest rates before making a choice.

Notice deposits have no fixed term, but the depositor must notify the bank in advance before withdrawing the deposit. It has the properties of both time deposits and demand deposits, with one day and seven days. The interest rate of notice deposits fluctuates according to changes in market interest rates. It is generally higher than the interest rate of demand deposits and lower than the interest rate of time deposits. However, the investment threshold for call deposits will be relatively high, and the minimum deposit amount for individual investors is 50,000 yuan.

The interest rates of several banks are listed as a reference, and the deposit interest rate inquiry website of major banks is attached: https://www.csai.cn/bankrate/.

2. Bank financial products

Banks have financial products with different risk levels, and investors can choose products based on their risk tolerance. The investment threshold of bank financial management is lower, the safety and stability are higher, and the rate of return will be lower than that of high-risk products. Bank financial management is not protected by deposit insurance, and there is a risk of principal loss, but most financial products have relatively small risks.

The interest rates, risks, and terms of different financial products will be different. When choosing financial products, investors can check more relevant information on the bank's official website, APP, counter, etc.

3. Monetary funds

It is an open-end fund that specializes in investing in money market instruments with low risk. It has the characteristics of high liquidity, low risk and low investment cost. Alipay's Yu'ebao and Lingqiantong in WeChat are both monetary funds, which are very convenient for investors to operate. Moreover, both Yu'ebao and Lingqiantong have principal guarantees. If there is a financial security problem, corresponding compensation will be obtained.

4. Fund fixed investment

Fund fixed investment is a financial management option that is more suitable for office workers nowadays. It can not only share the investment cost, but also avoid investing too much at one time. However, fixed investment in funds involves certain risks, and returns are affected by market fluctuations, and there is a possibility of loss of principal.

5. Invest in government bonds

Treasury bonds are bonds issued by the government and are mainly used to raise fiscal funds. Treasury bonds are backed by government credit, have low investment risks, and can enjoy certain tax benefits. The level of market interest rates will affect the returns on government bonds. The purchase of treasury bonds is also relatively convenient and can be purchased through the bank’s APP.

6. Treasury bond reverse repurchase

Treasury bond reverse repurchase refers to individuals lending their own funds through the treasury bond repurchase market and obtaining fixed interest income. The repurchase party, or the borrower, uses its own treasury bonds as collateral to obtain corresponding funds and repay the principal and interest upon maturity. Treasury repurchases are essentially short-term loans. Treasury bond reverse repurchase has the characteristics of low risk, low investment threshold, considerable and stable yield, low handling fee, and convenient operation.

There are a total of 9 products with different trading periods in Treasury bond reverse repurchase, namely 1-day, 2-day, 3-day, 4-day, 7-day, 14-day, 28-day, 91-day, and 182-day. The investment cycles are relatively short, and investors can choose according to their needs. The interest rate of government bond reverse repurchase is not affected by market changes. The yield will be determined at the time of transaction, and subsequent market changes will not change the interest rate.

Things to note for newbies to financial management:

1. Fully understand your own financial situation. Many people do not understand their financial situation, including income, expenses, liabilities, etc., before financial management, so it is difficult to formulate a reasonable financial plan. It is recommended that you have a detailed understanding of your financial situation and formulate a corresponding financial plan before managing your finances.

2. For novices investing for the first time, most investors can choose a conservative and stable strategy and choose medium and low-risk financial products.

3. Don’t go into debt for financial management. Borrowing for financial management is another misunderstanding that many people fall into. Blind borrowing will increase your debt, increase your financial burden, and make it more difficult for you to get out of financial difficulties.

4. Consider risk tolerance and capital liquidity. If you don’t have much money, don’t want to take too much risk, and need money at any time, it’s best to choose low-risk, high-liquidity financial products. If investors have sufficient funds, have little demand for capital liquidity, and have a certain ability to bear risks, they can appropriately pursue higher-risk investments.

5. Reduce risks by diversifying investments, but the amount should not be too large, and you should choose different types or less relevant financial products. At the same time, stop-profit and stop-loss points must be set to control risks within a certain range.