Reprint source: Huoxun Finance Article source: Tim Author: VirtualBacon Compiler: Tim, PANews PANews Note: The content of the article is only the author’s personal opinion and is not investment advice
In Jinan Baotu Spring Park, there is a strange spring called Jinxian Spring.
Jinxian Spring is located on the northeast side of Baotu Spring. The spring pool is surrounded by stones and is square. On the north wall of the pool, there is a rectangular stone with "Old Jinxian Spring" written in official script. The person who wrote these four words is Li Zhongyu, a famous calligrapher in Jinan.
Why this spring is called "Old Golden Thread Spring" will be discussed later.
Why is it said that the Golden Thread Spring is a strange spring? It is because when the water is in full bloom, the spring water gushes out from both sides of the bottom of the pool in a counter-current with equal strength. It intersects on the surface of the water and gathers into a water line, floating and moving, disappearing and appearing. When the sun shines, it sparkles like a golden thread, hence the name.
(Old Golden Thread Spring)
The earliest person to describe this golden thread was Wu Zeng from the Song Dynasty. He wrote in "Neng Gai Zhai Man Lu": "There is a golden thread running from the north to the south of the center of the pool, hiding from the water." At that time, the golden thread could not only be seen during the day, but also obvious at night during the Qingming Festival. When Zeng Gong was the governor of Qizhou, he once saw this beautiful scenery. He wrote in the poem "Golden Thread Spring": "The jade spring is always floating and fresh, and the golden threads are not sure of the road to the south spring. The clouds are cluttered by the algae, and the moon shines on the soul."
In the Ming and Qing Dynasties, the golden thread could still be seen clearly. Liu E, a writer in the late Qing Dynasty, also explained the cause of the golden thread in "Lao Can's Travels": "Lao Can... looked at it for a while and said: 'I see it, I see it, what's the reason for this?' After thinking about it, he said: 'Could it be that there are two springs underneath, with rival strength, so this thread squeezed out from the middle?' The scholar asked: "This spring has been recorded for hundreds of years. Is it possible that the power of the two springs has not been strong or weak for so long?" Lao Can said: "Look, this line often swings from side to side. This is why the power of the springs on both sides is uneven." "The late Yan Weiqing, a famous literary historian in Jinan, believed that this was the best explanation for the reason why Jinxian Spring had gold threads in the past.
(waterline)
Nowadays, the water surface of Jinxian Spring has shrunk, the water power has weakened, and the pool has been built with stones, so the golden thread is no longer common.
When Baotu Spring Park was built in 1956, golden threads also appeared in a small pond with carved stone railings 20 meters east of the Golden Thread Spring, so the spring was called "Golden Thread Spring". The three-character stone inscription "Golden Thread Spring" inscribed by Ding Yanchen, a native of Wuxing in the Qing Dynasty (1870), was moved and embedded on the east wall of the spring, and the original Golden Thread Spring was called "Old Golden Thread Spring".
(Golden Thread Spring)
The new Golden Thread Spring has a mouth on the east wall, from which the spring water flows in. It is adjacent to the Catkin Spring on the north. There is also a water mouth on the south wall of the Catkin Spring Pool, which is connected to the Golden Thread Spring. From this spring water flows into the Golden Thread Spring. When the two springs collide, the Golden Thread appears.
Around Lao Jinxian Spring, there is Shangzhi Hall, the former site of Shangzhi Academy built by Ding Baozhen, the governor of Shandong in the 8th year of Tongzhi in the Qing Dynasty (1869), and Youran Pavilion, built by Zhang Yao, the governor of Shandong in the 18th year of Guangxu (1892). It is said that you can see Qianfo Mountain from the pavilion. This pavilion was demolished in the 1930s.
(Qilu Evening News·Qilu One Point reporter Zhu Wenlong, pictures from the Internet)
4 newsletters on fun sports games for primary school students [full version]
In the afternoon, the annual beach fun sports meeting of China Power Communication Company started in the beautiful Wanpingkou Scenic Area. Nearly 300 front-line employees from various grassroots teams formed 11 teams to participate in the competition.
The competition has two categories: individual competition and team competition. The individual competition includes men's and women's beach long jump, and the team competition includes five events including "Energy Transfer", "Kangaroo Jump Relay", "Blindfolded Gong", "Tram", and "Tug of War Competition". The competition takes the form of cumulative scores to determine the first, second and third prizes. Throughout the competition, Wanpingkou Beach was bustling with cheers and cheers, attracting many tourists to stop and watch.
During the competition, the players made full use of props and tried every means to save time, chasing each other. Among them, the "Energy Transfer" competition particularly tests the personal physical fitness and teamwork ability of the contestants. A team of ten people holds a semicircular ball slot, jointly connecting and alternately extending the length of the ball slot, so that the transferred "energy ball" can reach the end point smoothly. During the competition, all the players had extraordinary skills. While exercising their bodies, the spirit of teamwork was also fully demonstrated. When the whistle sounded for the tug-of-war competition, the team members chanted "one two, one two" together, holding the long rope with both hands and pulling as hard as they could. The company leaders also cheered for the team beside the team. Employees who did not participate spontaneously formed a cheerleading team to cheer for the players. The chants and shouts were higher than the other, floating in the sky.
This activity is aimed at cultivating employees' collective spirit of unity, collaboration, hard work and enterprising spirit. During the competition, every participating team member actively participated and pushed the atmosphere of the competition to the climax. This competition also showed the good spirit of the employees, which was conducive to enhancing the cohesion and centripetal force among employees in various departments, and also
Help employees establish a positive and optimistic attitude towards life. In the end, after nearly three hours of testing physical strength and perseverance, this fun beach sports meeting, which was full of fun and enhanced team cohesion, came to an end with everyone’s laughter.
Joy and vitality are always there
Department of Foreign Languages__
In order to enrich the students' extracurricular cultural life and provide them with a platform to express themselves, Changji College held a fun sports meeting, which lasted 4 hours. Different from traditional sports games, fun games combine competition with entertainment and value the participation and cooperation of students.
Tug-of-war, underwater moon-passing, ball-back relay, etc. are not only good expressions of teamwork spirit, but also take into account fun and interactivity. Therefore, it was welcomed by the students. Among the many exciting games, the most worth watching is of course the tug of war. The team members who participated in the tug-of-war used all their strength to pull the rope toward their team, while the students who did not participate cheered and shouted: "Foreign Language Department, come on!" Everyone contributed to this group!
The winners cheered one after another, the cheerleaders cheered non-stop, and the entire competition was filled with a joyful atmosphere. Three-point shooting is the essence of the basketball game. It requires both angle alignment and uniform strength. The senior girl got the third place among women, and the freshman Amu in the same grade got the third place. Although our Department of Foreign Languages failed in the tug of war, we were fully prepared and actively participated in other projects.
The holding of this sports meeting fully demonstrated the students' enthusiasm for sports. It not only exercised and displayed the students' physical fitness, but also sharpened the students' will and quality to overcome difficulties, and cultivated and enhanced everyone's spirit of cooperation and collective sense of honor. This activity greatly mobilized the students' enthusiasm for activities. It can be said to be a relatively successful event. Although the fun games may seem childish, they are indeed a game activity that can stimulate energy.
I hope that joy and vitality will always fill the university campus, and smiles will infect every college student, creating a harmonious campus for the construction of a good academic style in our school.
November 4th In this late autumn and early winter season, the sun is so warm, as if knowing that the children will play parent-child games today, it is warm and very comfortable! At 2:30 this afternoon, our kindergarten held an autumn parent-child sports meeting. The theme of this sports meeting is "Learning through play, growing through happiness." In the sports meeting, children gained happiness and success, parents gained virginity, and teachers also gained a sense of accomplishment.
During this event:
1. Let the children truly experience the joy of sports. This activity is mainly based on children and parents, and mainly embodies the theme of "learning through games, growing through happiness". Today, children and parents had a great time, making children feel that sports are so happy;
2. Strengthened the connection between home and family. This activity is open to all parents. Parents not only watched the children's morning exercises, learned about their children's performance in the activities, but also participated in parent-child games in person. Parents actively participated and the atmosphere was very lively.
This sports meeting gave the children an opportunity to show themselves. In the sports meeting, the children experienced the meaning of competition, learned to persevere, and learned to cheer for others. We will organize more similar activities in the future to give children more opportunities to exercise and learn. I believe that in future activities, we will gain more and the children will gain more.
Today, God was kind and gave us class 3 (6) enough face. The rain for several days finally stopped. We held the second Winter Fun Games as scheduled on the playground of Kun No. 3 Middle School. Everyone was in high spirits and very enthusiastic.
At 1 o'clock in the afternoon, we held the opening ceremony of the sports meeting on time and proposed the purpose and theme of "health, happiness, and improvement". The children and parents were full of excitement, enthusiasm and joy. They actively participated in various competitions and enjoyed themselves. The games are divided into individual events and team events. In the individual events, we include throwing a nine-square grid, crossing a river on piles, flying a Frisbee through a door, and skipping rope for two people. Everyone should show their own strengths, try their best to bring out their best level, and compete with their own style. Of course, mistakes are inevitable. However, it is often these "misses" that bring laughter to everyone. In the nine-square-square throwing competition, parents aimed for 9 points. Some scored 4 in a row and won applause from the whole house, while others used too much force and went out of bounds continuously. The children were cautious and only wanted to score. Some had a steady stream of results, while others used too little force. Crossing the river on piles still requires some technical content. How to hold the piles and how to swing the piles are directly related to speed. Look! There are still many people who "fall into the river"! Throwing the Frisbee through the door is as popular as throwing the nine-square grid. It is divided into three groups. There are bursts of laughter from time to time. Even the students who pick up the Frisbee enjoy it. Two-person rope skipping was an unpopular event at this year's games, with only five pairs participating. Despite the small number of people, the competition is still quite fierce. Look, everyone is jumping in and out of the rope, which is dazzling.
The collective event features two side-by-side walks and a 30-meter head-on relay. These two activities pushed the entire sports meeting to a climax. The shouts and cheers soared into the sky. There was fierce competition among the four groups. Of course, friendship comes first and competition comes second. Everyone not only achieved good results, but also showed unity and friendship, and gained the fun of adults and children participating in sports together.
Through the convening of this sports meeting, the enthusiasm of all parents and children in our class for fitness exercises has been stimulated. Everyone participates, is happy in exercise, exercises in happiness, and shows their own style in exercise. We look forward to next year's sports meeting coming soon, with the same memorable highlights as this year, with the same wonderful moments that will be remembered forever, with the same excitement and constant laughter as this year!
In midsummer, many people choose to come to Baotu Spring Scenic Area to enjoy the cool air. Here you can not only see the Baotu Spring with "the source rising up and the water surging like a wheel", but also many famous springs such as Jinxian Spring, Shuyu Spring, Mapao Spring, and Wuyou Spring.
During the tour, careful tourists will find that there are two golden thread springs in the scenic area, one is called "Golden Thread Spring" and the other is called "Old Golden Thread Spring". Why is this?
Jinxian Spring is a famous historical spring. There was originally only one place, located on the northeast side of Baotu Spring, between Shangzhitang and Huanghuaxuan. When the spring water is in full bloom, it gushes out from both sides of the bottom of the pool with the same flow. It intersects on the water surface to form a water pattern, floats and moves, and looks like a golden thread in the sun, so it is named Jinxian Spring. However, when the Baotu Spring Scenic Area was expanded in 1956, golden threads also appeared in a small pool about 20 meters east of the Jinxian Spring. The spring was named "Jinxian Spring" and the original Jinxian Spring was called "Old Jinxian Spring". Therefore, today we are lucky enough to see two golden thread springs in Baotu Spring Scenic Area.
Jinxian Spring was very famous in ancient times. It was once the second most famous spring after Baotu Spring, so there are many historical records and songs about it.
Zeng Gong, one of the Eight Great Masters of the Tang and Song Dynasties, once wrote a poem "Golden Thread Spring": "The jade is always floating and the air is fresh, the golden threads are not fixed in the south spring, the clouds are cluttered by the beautiful algae, and the moon shines on the soul." From this poem, it can be seen that at that time, the golden threads of the Golden Thread Spring could not only be seen during the day, but also clearly visible on a clear moonlit night.
Wu Zeng, who was also from the Song Dynasty, recorded the Golden Thread Spring in his collection of notes "Neng Gai Zhai Man Lu": "The stone porcelain square pool is more than ten feet wide, with springs flowing randomly underneath it, pouring into the city trench in the east, and it is so clear that you can see the bottom. There is a golden thread running from north to south in the center of the pool, hiding the water surface. A drop of oil If you use a stick to disturb the line, the line will disappear and the water will remain the same. "It can be seen that the gold line in the spring pool was very obvious at that time, but the formation of the gold line was very subtle. The tension of a small drop of oil would change the position of the gold line.
Yuan Haowen, a writer of the Jin Dynasty, once said in "Jinan Travels": "There are two out of seventy famous springs in Jinan, Baotu is the top, followed by gold thread, and pearls. The jade ring, golden tiger, black tiger, catkin, Huanghua, Wuyou, washing bowl and crystal mat are not bad, but they can't compete with the three springs."
The famous Sanqu writer Zhang Yanghao of the Yuan Dynasty went out from the capital as an envoy. When he passed through his hometown of Jinan, he wrote "It is said that he and Mark Xiu held a banquet at the Golden Thread Pond." The poet yearned for the Golden Thread Spring very much and longed to see the wonder of the "golden thread" of this strange spring. However, the "golden thread" never seemed to be visible at any time. He sighed in the poem: "I have heard about the wonder of the golden thread for a long time, but I have never encountered it many times."
Liu E of the Qing Dynasty also gave a very profound and touching description of the wonders of the golden thread of Jinxian Spring in "Lao Can's Travels", and scientifically solved the mystery of this famous spring for thousands of years: "In the northwest corner, there is a square pool among the banana bushes, which is only 2 feet. Jianfang is the Jinxian Spring. Jinxian is the second of the four famous springs. The Baotu Spring, the Jinxian Spring outside the south gate, and the Pearl Spring in Futai Yamen are called the "Four Famous Spring". It is said that there is a golden thread in the water. Lao Can looked around for a long time, not to mention the golden thread, not even the iron thread. Then luckily a scholar came by, and Lao Can bowed and asked whether the word "golden thread" was there. He followed Lao Can to the west side of the pool, bent his body, tilted his head, looked towards the water, and said, "Look, there is a line on the water, which is shaking like a gossamer. Do you see it?" Lao Can also turned his head and looked at it. After a while, he said: "I saw it, I saw it! What's the reason for this?" After thinking about it, he said, "Could it be that there are two springs underneath that are in conflict with each other, so there is a line between them?" The scholar said, "This spring is recorded in the book." After hundreds of years, has the power of the two springs become stronger or weaker?" Lao Can said, "Look, this line often swings from side to side. This is why the power of the two springs is uneven."
During the Republic of China, Zhou Zuoren was invited to give lectures in Jinan and took the opportunity to visit Jinan's scenic spots. He wrote in "Jinan Road No. 3": "On the afternoon of June 2, I went to the Industrial School to see the Golden Thread Spring. It was raining that day, and we took advantage of the temporary rain to walk to the stone pool on the wet green grass. We looked sideways at the water surface like an old man, but the golden thread was nowhere to be seen. There were only many blisters, like strings of pearls, or rather, mercury vapor rising straight up from the stone gaps, as if there were several alchemy stoves underground refining medicine."
On April 9, the market fluctuated and adjusted throughout the day, with the Shanghai Stock Exchange Index and the ChiNext Index both falling by more than 0.5%. In terms of sectors, the direction of computing power hardware has been active repeatedly, the concept of liquid-cooled servers has fluctuated and risen, and the concept of semiconductor equipment has been active. On the downside, pharmaceutical business concepts have collectively adjusted. More than 4,200 stocks across the market fell. The turnover of Shanghai and Shenzhen stock markets was 2.13 trillion yuan, a decrease of 300.4 billion yuan from the previous trading day.
Let’s take a look at today’s performance of public funds.
(Note: List 1 and List 2 only select three types of products: flexible allocation, partial stock hybrid and ordinary stock products as representatives of active funds and included in the statistics; the debt-based related lists include various types of active and passive bond funds)
1. Single-day gain list
2. Single-day decline list
3. Single-day bond base price increase and decrease list
4. News worthy of attention in the evening
[He Lifeng met with Dalio, founder of Bridgewater Associates]
According to CCTV news, He Lifeng, member of the Political Bureau of the CPC Central Committee and director of the Central Finance Office, met with Dalio, founder of Bridgewater Associates in the United States, in Beijing on the 9th. He Lifeng said that China's economy has made a good start this year. During the "15th Five-Year Plan" period, China will continue to expand high-level opening up to the outside world, welcome investors from all over the world to invest in China, and share high-quality development opportunities. Healthy and stable Sino-US economic and trade relations are in the fundamental interests of both countries. It is hoped that the U.S. business community will continue to play an active role in maintaining and promoting Sino-US economic and trade relations. Dalio said that the strong resilience and stability of China's economy in the current international environment are impressive, and he is optimistic about China's economic development prospects.
daily economic news
On April 9, WTI crude oil futures hit $100 per barrel, rising by more than 5% during the day. Brent crude oil rose more than 3% to US$98.429 per barrel. At the same time, London silver rose by more than 1% to US$74.549 per ounce; London gold rose by 0.86% to US$4754.680 per ounce.
On the news, according to Xinhua News Agency, senior Iranian sources said that during the ceasefire period, Iran will allow no more than 15 ships to pass through the Strait of Hormuz every day. The source also said Iran's demands include the United States unfreezing Iranian assets within two weeks.
In addition, CCTV Finance reported that after a small number of ships passed through the Strait of Hormuz on April 8, Israel attacked Lebanon that day, and the situation in the Strait of Hormuz suddenly became tense. Iranian media said that the Strait of Hormuz is now completely closed and some tankers have been forced to return. According to relevant data, about 100-120 commercial ships passed through every day before the conflict, and about 72 ships passed through during the week from March 30 to April 5. It was the busiest week since the conflict, but it was still about 90% lower than normal levels.
Analysts pointed out that Gulf security risks still dominate shipping decisions. Maersk stated on April 8 that it welcomed the ceasefire but had limited information and had not yet fully restored certainty. It would remain cautious and not adjust routes for the time being.
The market is paying attention to whether follow-up negotiations can lead to a long-term peace agreement. Roger Altman, founder of Evercore, an independent US investment bank, believes that for complex issues like the Iran conflict, a real peace agreement usually takes one to two years instead of two weeks. It is unrealistic to reach a comprehensive agreement within two weeks, but it may lead to the extension of the ceasefire agreement.
China Post Securities stated that the precious metals industry has shown strong defensiveness and anti-cyclicality in the current economic environment. Resource companies, relying on their stable cash flow and resource reserve advantages, are expected to maintain relatively stable performance amid market fluctuations. As global inflation expectations rise and geopolitical uncertainty increases, the value of gold and other precious metals as safe-haven assets has become more prominent, and related industry chain companies have long-term investment value.
Glapinski, Governor of the Central Bank of Poland, said that the Central Bank of Poland continues to purchase gold. Reaffirming the goal of increasing gold reserves to 700 tons, the Polish central bank currently holds 580 tons of gold.
During the market adjustment period, funds are seeking "safe havens" and pour into broad-based ETFs. In fact, since April this year, broad-based ETFs have had a significant “gold-attracting” effect. Industry opinion believes that this may be because institutional funds are adding large amounts of equity assets.
Recently, the Shanghai Stock Exchange Index has approached the 4,000-point mark, market confidence has recovered, and funds are actively allocating equity assets through stock ETFs (traded open-end index funds).
On April 8, the day when A-shares rebounded, broad-based ETFs such as CSI 500 and CSI 1000 as well as chemical ETFs were among the top net inflows. Data show that as of April 8, the highest net inflow of a single broad-based ETF since April was nearly 9 billion yuan, and the net inflow of multiple products exceeded 1 billion yuan; chemical industry, free cash flow and other theme ETFs have also received funding favor.
Respondents told a reporter from International Finance News that this reflects that although the current market risk appetite is becoming more cautious, funds have not left the market, but are carefully exploring structural opportunities.
The highest “money-attracting” amounted to nearly 9 billion yuan
Market conditions are picking up, and broad-based ETFs are once again favored by funds.
Wind data shows that as of April 8, a total of 7 stock ETFs have had net inflows of more than 1 billion yuan since this month. Among them, CSI 500 ETF South ranked first with a net inflow of 8.959 billion yuan, significantly leading similar products. Other stock ETFs with top net inflows include: CSI 1000 ETF Southern (3.779 billion yuan), CSI 300 ETF Huatai-PineBridge (1.508 billion yuan), CSI 500 ETF Jia. Real (1.486 billion yuan), CSI 1000 ETF China (1.463 billion yuan), chemical ETF Penghua (1.126 billion yuan), free cash flow ETF China (1.005 billion yuan).
It is worth noting that many of the above-mentioned broad-based ETFs gained significant holdings on April 8, the day when A-shares rebounded sharply. Among them, CSI 500 ETF Southern had a net inflow of 7.409 billion yuan in a single day; CSI 1000 ETF Southern, CSI 1000 ETF Huaxia, CSI 500 ETF Harvest, and Chemical ETF Penghua had net inflows of 2.995 billion yuan, 1.529 billion yuan, 1.468 billion yuan, and 1.01 billion yuan respectively on that day.
While funds are actively channeling funds into A-shares, Hong Kong stock-related ETFs have been "in the cold". Data show that among the Hong Kong stock exchange ETFs, only the Southbound Innovative Drug ETF Huitian Fu's net inflow exceeded 100 million yuan on April 8, reaching 165 million yuan; the net outflows of the Southbound Connect Internet ETF Fuguo, China Concept Internet ETF E Fund, and Hong Kong Securities ETF E Fund all exceeded 500 million yuan that day.
Since this month, the GEM ETF E Fund has had the largest net outflow among stock ETFs, with a net outflow of 2.689 billion yuan.
Currently more suitable for balanced strategies
Regarding the recent phenomenon of funds continuing to flow into small and medium-cap broad-based ETFs, Zeng Fangfang, the operator of Paipai.com’s wealth public offering products, said in an interview with a reporter from the International Finance News that this shows that funds are paying more attention to the direction of small and medium-sized caps with both valuation attractiveness and growth potential.
"There are three main reasons: First, the matching between valuation and performance is relatively good. Some small and medium-cap companies have the characteristics of 'lower valuation and faster performance growth', and have a certain cost-effectiveness. Secondly, emphasis is placed on performance certainty. In the current financial reporting season window, funds are more inclined to deploy segmented tracks with higher prosperity and increased performance. Targets with clear long-term expectations. The last step is to adapt to the existing capital environment. In the context of limited market growth, capital flows to the small and medium-cap sectors may have a more obvious allocation effect, which reflects that the current market risk appetite is not leaving the market, but is carefully exploring structural opportunities.
At the same time, funds also tend to flow into ETFs such as CSI 300, chemicals, and free cash flow. Zeng Fangfang said that this shows that the market allocation ideas are more balanced, showing a defensive "dumbbell-shaped" structure. On the one hand, in a low interest rate environment, we pursue relatively certain cash flow returns as the "ballast stone" of the portfolio. On the other hand, opportunities to focus on cycles and value are mainly based on expectations that the supply and demand pattern of traditional industries may improve under policy guidance, as well as the global commodity cycle.
In addition, the continued inflow of broad-based ETFs such as the CSI 300 also reflects the long-term position allocation of some funds to core A-share assets. Overall, this structure reflects the prudent mentality of investors taking into account both defensive and structural opportunities in a complex environment.
Regarding the current relatively "cold" inflow of technology growth theme ETFs, Zeng Fangfang believes that it may need to go through a process of gradually matching performance and valuation. In addition, further support from industrial policies and marginal improvement in global liquidity may also become positive factors in promoting the return of funds.
Regarding investment opportunities in the market outlook, China-Europe Fund stated that in addition to funds with high risk appetite, it is currently possible to consider systematically increasing attention after the visibility of geopolitical and economic changes recovers, and to respond to the subsequent market shock period through balanced strategies: giving priority to the banking sector to stabilize portfolio fluctuations The role of efficiency; followed by the coal chemical sector in the chemical industry chain that is expected to improve beyond expectations, the oil and gas extraction sector driven by high oil prices, and the new energy sector that has significantly improved its prosperity; finally, there are medium and long-term scientific and technological main lines such as AI hardware, independent and controllable themes, innovative drugs and commercial aerospace.
Reporter Xia Yuechao
Copy Editor Chen Si
Layout editor Sun Xiao
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