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China News Service, Shenzhen, March 30 (Suo Youwei Wang Zhikang) At 19:00 on the 30th, five cutting-edge medical projects from the Future Space Hospital of Shenzhen University of Technology were successfully launched into space on a test spacecraft at the Jiuquan Satellite Launch Center. In the next three years, the on-orbit (test) test was completed, marking an important step for the world's first future space hospital to move from idea to reality.
Shenzhen University of Technology is the first university in the world to propose the concept of "future space hospital" and put it into practice. In July 2025, it signed a contract with the Microsatellite Innovation Institute of the Chinese Academy of Sciences to build a future space hospital. It aims to improve the health protection of astronauts and human health, expand on-orbit medical health monitoring and life system support capabilities, focus on advanced disease prevention and treatment, break the limitations of aerospace, medicine, biology, etc., carry out research and development in the fields of cutting-edge space life and health protection, and prepare space health support for non-astronaut space travel, galaxy exploration and other space health protection.
Comprehensive plasma therapy device for refractory wounds. Photo courtesy of Shenzhen University of Technology
"In the context of increasingly fierce competition in global space exploration, China continues to exert efforts in this field and continues to fill technological gaps. The health challenges faced by astronauts in space have also become a key direction for scientific research." Zhu Di Jian, Secretary of the Party Committee of Shenzhen University of Technology, said that the school brings together the aerospace science and technology power of medical devices, biomedicine, innovative medical technology and the Microsatellite Innovation Institute of the Chinese Academy of Sciences to build a future space medicine platform in order to help China occupy the initiative and dominant position in this field.
Xu Zhiming, executive director of the Future Medicine Center and dean of the Clinical School of Medicine at Shenzhen University of Technology, was the first person to put forward the idea of a future space hospital. According to him, the construction of the future space hospital will be divided into three steps: in the early stage, cutting-edge medical projects will be transformed into aerospace engineering and placed on a light boat cargo spacecraft, plus this successful launch The first step is to conduct subsequent on-orbit (test) tests; the second step is to build a future space hospital post station after the on-orbit (test) test is successful, and carry out space emergency rescue and space scientific research practices; the third step is to build a future space hospital medical cabin on the moon or other planets to explore the health protection of human beings on the moon and space travel.
Contact ultraviolet non-invasive phototherapy device. Photo courtesy of Shenzhen University of Technology
The contact ultraviolet non-invasive phototherapy device is one of the projects undergoing on-orbit testing this time. It was developed by Gu Ying, an academician of the Chinese Academy of Sciences and director of the Future Medicine Center of Shenzhen University of Technology. It can simulate the specific waveband in sunlight that promotes the synthesis of vitamin D. It is regularly used by astronauts on the space station or deep space vehicle, and can safely and efficiently maintain vitamin D levels in the body and prevent deficiency diseases. At the same time, in a microgravity environment, the reduction of bone load leads to rapid loss of bone density (about 1%-2% per month). Maintaining appropriate vitamin D levels through this phototherapy device can directly support calcium metabolism and form a synergy with space exercise and drug intervention to form a more comprehensive bone health protection system.
The comprehensive plasma treatment device for refractory wounds, jointly developed by Xu Zhiming and Chen Zhitong, a researcher at the Shenzhen Institute of Advanced Technology of the Chinese Academy of Sciences and the National High-Performance Medical Device Innovation Center, was also launched simultaneously for on-orbit (test) testing.
"In the microgravity environment of space, the distribution of human body fluids and abnormal blood circulation may cause the wound healing speed to be significantly slowed down, and it is easy to develop into chronic wounds." Xu Zhiming said that the plasma comprehensive treatment device for refractory wounds can directly promote cell proliferation and collagen synthesis by releasing reactive oxygen/nitrogen particles, accelerate tissue regeneration, and combat delayed healing caused by microgravity. The equipment does not need to rely on liquid or gel media. The plasma acts on the wound surface in the form of gas to avoid liquid splashing or contaminating the cabin environment in a weightless environment. At the same time, the equipment can not only treat skin ulcers, but also be used for surface disinfection of instruments, achieving "one machine for multiple purposes."
In the future, Shenzhen University of Technology will continue to use the Shenzhou spacecraft to carry out on-orbit experiments to serve the four major scenarios of the space station, moon landing, Mars exploration and future space travel, and promote the extension of space medical achievements from aerospace-specific to people's livelihood empowerment. (over)
Mergers and Acquisitions
Tianyu Shares: Plans to acquire 87.82% equity of Shanghai Xingke for RMB 334 million
Tianyu Shares announced that the company plans to acquire 87.8173% equity of Shanghai Xingke High Purity Solvent Co., Ltd. by paying cash at a price of 334 million yuan. After the completion of this transaction, Shanghai Xingke will become the company's holding subsidiary.
Shunfa Henneng: Plans to acquire 49% equity of Shunfa Deneng and 100% equity of Puxing Jingxing
Shunfa Henneng announced that the company and relevant parties signed equity transfer agreements respectively to acquire 49% of Shunfa Deneng’s equity for 113 million yuan; and 100% of Puxing Jingxing’s equity for 147 million yuan. After the transaction was completed, Shunfa Deneng and Puxing Jingxing became the company's wholly-owned subsidiaries.
Gaoling Information: Plans to acquire 89.49% shares of CareStar
Gaoling Information announced that the company plans to purchase 89.49% of CareStar shares from 20 counterparties by issuing shares and paying cash, and raise supporting funds. After the acquisition, the company will realize a complete product chain covering terrestrial communications, satellite communications, security and data services.
Increase or decrease holdings
Mingyang Electric: Shareholder Huahui Consulting plans to reduce its holdings by no more than 1.23% of the company’s shares
Mingyang Electric announced that shareholder Zhongshan Huahui Enterprise Management Consulting Partnership (Limited Partnership) plans to reduce its holdings of the company's shares by no more than 3.84 million shares through centralized bidding or block transactions, accounting for no more than 1.23% of the company's total share capital.
Uni-President Shares: Shareholder Rongsheng Investment plans to reduce its holdings by no more than 3% of its shares
Uni-President Shares announced that shareholder Rongsheng Investment plans to reduce the total number of shares held by no more than 5.7606 million shares through centralized bidding or block transactions, and the reduction ratio shall not exceed 3% of the company's total share capital.
performance disclosure
SF Holding: Net profit attributable to parent company will increase by 9.31% year-on-year in 2025
SF Holding released its annual report, showing that in 2025, it will achieve operating income of 308.227 billion yuan, a year-on-year increase of 8.37%; net profit attributable to the parent company is 11.117 billion yuan, a year-on-year increase of 9.31%.
Montage Technology: Net profit attributable to parent company will increase by 58.35% year-on-year in 2025
Montage Technology released its annual report, showing that in 2025, it will achieve operating income of 5.456 billion yuan, a year-on-year increase of 49.94%; net profit attributable to the parent company is 2.236 billion yuan, a year-on-year increase of 58.35%.
Yonghui Supermarket: Loss of 2.55 billion yuan in 2025
Yonghui Supermarket released a performance report for 2025. In 2025, it achieved operating income of 53.508 billion yuan, a year-on-year decrease of 20.82%; the net profit attributable to the parent company was a loss of 2.550 billion yuan.
Risk matters
Hongxing Shares: Director Su Qiwen was sentenced to two months’ detention in accordance with the law for dangerous driving.
Hongxing Co., Ltd. announced that it recently received a notice from the company's director Su Qiwen. According to the "Criminal Judgment" issued by the People's Court of Yuexiu District, Guangzhou City, Su Qiwen was sentenced to two months of criminal detention in accordance with the law, suspended for three months (the probation period is from March 17, 2026 to June 16, 2026), and was fined 3,000 yuan.
Gimpu Titanium: A wholly-owned subsidiary received the "Notice of Transfer for Review and Prosecution" from the Yizheng City Public Security Bureau
Gimpu Titanium announced that its wholly-owned subsidiary Nanjing Titanium Dioxide Chemical Co., Ltd. received the "Notice of Transfer for Review and Prosecution" from the Yizheng City Public Security Bureau on the afternoon of March 27. The "Notice" stated that the environmental pollution case involving Nanjing Titanium Dioxide has been transferred to the Yizheng City People's Procuratorate for review and prosecution. The company learned from Nanjing Titanium Dioxide that due to the solid waste accumulation incident in Fangniu Mountain, Qingshan Town, Yizheng City, Nanjing Titanium Dioxide was suspected of environmental pollution. The case has been transferred by the Yizheng City Public Security Bureau to the People's Procuratorate for review and prosecution.
*ST Xingnong: fined 2.5 million yuan for false records in the 2023 annual report
*ST Xingnong announced that on March 30, the company received the "Administrative Penalty Decision" issued by the Zhejiang Securities Regulatory Bureau. In 2023, Xingguang Zhiyuan, a wholly-owned subsidiary of *ST Xingnong, carried out false cotton harvesting, consulting services, promotion services and other businesses, resulting in false records in the 2023 annual report. The Zhejiang Securities Regulatory Bureau decided to give the company a warning and impose a fine of 2.5 million yuan.
Recently, well-known companies such as DJI, Haier, and Midea have successively introduced "forced off work" measures: DJI forces employees to get off work at 9 p.m., and many employees have shared their experiences of being "pushed" from get off work; Haier issued an internal notice stating that special circumstances require overtime work, which must be approved one week in advance; Midea's internal documents strictly prohibit meetings after get off work and formal overtime work... These measures directly refer to the "overtime culture", which has made many netizens applaud and also given hope to many people in the workplace.
One stone stirred up a thousand waves. Companies that enforced mandatory off-duty get off work were envied by others, and employees who were still working overtime looked forward to it.
At 7pm every working day, He Wenwen takes the subway home. Whether sitting or standing, she puts on headphones in the noisy subway car and holds an evening meeting with her team colleagues. Although the company stipulates that she gets off work at 5 o'clock, in the past year and a half since joining the company, He Wenwen not only often delays getting off work, but also has to attend evening meetings on time at 7 o'clock every night. The working group she belongs to holds morning meetings at 9 a.m. and evening meetings at 7 p.m. every day, which spans up to 10 hours. Although the evening party can be attended online, it still makes He Wenwen feel very painful: "Although people have left the company, they are still tied up by work, and their spirits are always tense. People are always in a 'standby' state, and they feel that their life outside of work has been compressed."
In He Wenwen's view, the evening meeting every night is a typical "ineffective overtime" and has no substantive role in work. "Even if there is no progress in the project and the content of the speeches is the same as last time, morning and evening meetings must be held every day." He Wenwen said, "Everyone generally feels that evening meetings are not very meaningful. Morning meetings and evening meetings can be merged into one meeting."
In the workplace, everyone is quite disgusted with "ineffective overtime", but there is nothing they can do about it. Zhao Ming is responsible for warehouse management in a state-owned enterprise in the retail industry. Every day after 5 pm, his department needs to hand over the keys to the supervisor before leaving the unit. "Different departments have different working hours. For example, the colleagues in charge of e-commerce operations will get off work late. If I go to hand over the keys as soon as it is time to get off work, my supervisor will question me - other departments are not finished yet, so why is your department the only one that has to get off work? In order to ease the conflict, we have to wait and leave after half an hour or an hour." During the extra half hour of waiting, since the main work of the warehouse has been completed, Zhao Ming and other colleagues can only sit and wait most of the time, bracing themselves to "suffer" until they leave with others. "You are supposed to get off work normally, but you have to wait for others to leave first, or for the boss to let you go before leaving. This is completely time-consuming."
Employees who are "trapped" at their workstations
Since no one is willing to work overtime, what is the reason that keeps everyone tied to their posts?
"It's obviously time to get off work, but no one leaves immediately. This is a common problem in the contemporary workplace." Liu Yutong, who has worked in a public institution for four years, believes that in fact, most people want to get off work on time, mainly because of face, and no one wants to stand out. "Everyone wants to 'follow the crowd' and be consistent with everyone, so no one leaves for a long time after get off work. As time goes by, it becomes the norm that no one leaves after get off work."
This herd mentality of wanting to be consistent with others is also a form of "ineffective overtime." Liu Yutong's department has eight employees, who are mainly responsible for writing materials. If there are unexpected tasks that require overtime, no matter how big or small the task is, the entire department will always work overtime together. She said with a wry smile that some temporary tasks only required two people to complete, while the rest were only responsible for doing chores, finding materials and other trivial matters, and did not really make any contributions. "In the eyes of many leaders, 'appearing' is more important than what you do. If you can show up at your work station, you are a good employee. In order to leave a good impression on the leaders, everyone has to stay and work overtime." Liu Yutong said helplessly that this kind of "performance overtime" for the sake of attendance has become another shackle for being unable to get off work on time.
Many newcomers in the workplace, in order to gain a foothold in the workplace and win the favor of their leaders, have to show their diligence through "involution" such as working overtime. 30-year-old Li Ningyuan is nicknamed the "overtime king" by his family. During the three years of working in a manufacturing company, he could not go home until after 9 p.m. almost every day, wash up and go straight to bed. He rarely had so-called spare time. The company-stipulated off-duty time is 6:30 in the evening, but after 6:30 is the "battlefield" where everyone widens the gap: Li Ningyuan's department divides employee performance into four levels, and the difference between each level is nearly 800 yuan. For people at the same level, the work content and workload are similar, so "working hours" has become an important basis for rating, and overtime has also become an important means of promotion. Li Ningyuan said: "At first, working overtime was just to show off in front of the boss and let the boss see that he was working overtime. Later, he hoped to improve his performance level through working overtime. Later, because of the reduction in manpower, overtime work added to the actual work content, and he was so busy every day that he had to work overtime to complete the task."
In fact, many companies will set up various "benefits" to motivate employees to work overtime. The Internet company where Hu Jialin, an employee of a "big factory" works, stipulates that employees' taxi fares can be reimbursed after 9:30 p.m. "Most of my colleagues who live far away from the work will stay until 9:30 before leaving. Even if they finish their work in advance, they will still wait until 9:30." Hu Jialin believes that this "welfare" is a disguised encouragement of the company's overtime culture.
Don’t turn forced get off work off work into hidden overtime
At the beginning of this year, the "2024 Workplace Person Satisfaction Index Survey Report" released by Zhaopin Recruitment showed that 49.2% of workers work 8 to 10 hours a day, accounting for the highest proportion; 25.6% of workers work more than 10 hours a day, among which overtime is more common in "blue-collar" industries and operation positions, and 37.4% of workers in operation positions work more than 10 hours a day.
Three years ago, Wang Yang was hired for a risk control review position at a technology company and was responsible for reviewing contracts related to the company's business. In November last year, she was temporarily assigned to the operations department and took on additional new media operations. She originally got off work at 5:30 p.m., but because of the extra work, she had to work overtime every day, which not only shortened her personal rest time, but also made it difficult to produce work results. "For me, this arrangement is putting the cart before the horse, and I can't do both jobs well. What's even more frustrating is that my salary has not increased at all, which is equivalent to getting one salary to do two jobs." Although she was overwhelmed by the increasing number of work tasks, she did not dare to "break up" with the company, and could only barely maintain it.
As a front-end engineer, Hu Jialin has worked in the commercialization department of a "big factory" for nearly three years. The company implements a flexible working system. There is no clock in and no clear minimum working hours at work, so he has been commuting to and from get off work "with the crowd". "We usually arrive at the company around 10:30 in the morning and leave one after another at 9 or 10 pm. Because the work is based on a project system, everyone assumes that it is normal to continue working after dinner, and no one would suggest that it is overtime." Hu Jialin said that people who have something to do can occasionally leave early after 6 o'clock, but if they leave early every day, it will inevitably have a bad impact on the individual.
As employees of a "big factory", Hu Jialin and his colleagues have deeper thoughts on the "forced get off work off work" in many companies: "If the workload and work intensity remain unchanged, then 'forced get off work off work' only treats the symptoms but not the root cause. If the company scientifically arranges work plans and reasonably allocates work tasks, then there is no need to force get off work off work, and it can effectively reduce the workload of employees. If employees are only forced to get off work off work at a certain time, employees can only take the work home to complete it. Doesn't this mean that they have to work overtime and have no overtime pay?"
Working overtime can easily lead to sudden death, depression and other occupational health problems. Normalizing "forced get off work off work" can reduce corporate expenditure costs and reduce the probability of labor disputes. However, Wei Xiaodong, a lawyer at Beijing Huiyuan Law Firm, said that cracking down on invalid overtime and hidden overtime still faces many problems, such as the determination of labor relations. Labor relations refer to the rights and obligations arising from workers providing paid labor under the management, command and supervision of the employer. This kind of labor relationship cannot be narrowly defined as "labor can only be provided at the workplace." That is to say, the place of work is not the main basis for determining whether labor is provided. The employer should pay remuneration no matter where the work is done.
Lawyer Wei said that when workers defend their rights, they should focus on relevant evidence of “employer arrangements.” For example, it is impossible to prove whether the overtime work is arranged by the employer simply based on the clock-in and clock-out records. It is necessary to keep written or online chat records that reflect the employer's arrangements. It is worth noting that even if both the employer and the employee agree, the prescribed overtime hours cannot be exceeded. "We hope that more workers will promptly defend their rights and have the courage to defend their rights once they discover that their legitimate rights and interests have been infringed. This will help maintain a good workplace environment."
(The interviewees in this article are all pseudonyms)
As the 2025 financial reports of shareholders of listed public fund companies are successively disclosed, the annual operating picture of the industry is gradually becoming complete. On the evening of March 30, many fund companies such as E Fund, GF, and Nanfang released profit data. The leading companies had a solid scale advantage, and industry growth and profit pressures coexisted.
It is worth noting that the 2025 annual report disclosed by China Post Fund has revealed the mystery of salary. The per capita salary has increased significantly year-on-year. Against the dual background of significant growth in performance and streamlining of personnel, it reflects the development trend of the public equity industry to reduce costs, increase efficiency, and focus on core talents.
The profits of nine public equity companies in 2025 are exposed
On the evening of March 30, the 2025 profitability of nine public funds including CICC Fund, Founder Fubon Fund, Cinda Australia and Asia Fund, GF Fund, E Fund, Huatai-PineBridge Fund, Southern Asset Management, Yinhua Fund, and Vanguard Fund were exposed.
From the perspective of leading public offerings, E Fund's operating income in 2025 is 12.996 billion yuan, a year-on-year increase of 7.33%; net profit is 3.806 billion yuan, a slight decrease of 2.42% year-on-year. The operating income of GF Fund was 8.541 billion yuan, a year-on-year increase of 17.64%; the net profit was 2.753 billion yuan, a year-on-year increase of 37.70%. Southern Fund's operating income was 8.767 billion yuan, a year-on-year increase of 16.55%; net profit was 2.705 billion yuan, a year-on-year increase of 15.05%.
It is worth noting that CICC Fund’s operating income in 2025 will reach 608.0478 million yuan, a significant increase from 458.3653 million yuan in 2024, a year-on-year increase of more than 32%, second only to the 36% increase of Hongta Red Earth Fund that previously disclosed its performance. The above two public funds are also the only two companies among the 28 public funds that have announced profits so far, with an increase of more than 30%.
At the same time, there are five public fund companies with declining revenue in 2025, including Shenwan Lingxin and Guohai Franklin.
In addition, the net profits of three fund companies, Founder Fubon, Cinda Australia and Huatai-PineBridge, will drop significantly in 2025. Specifically, Founder Fubon Fund achieved operating income of 275.0474 million yuan in 2025, a year-on-year increase of 3.55%; net profit was 17.8214 million yuan, a year-on-year decrease of 30.46%. Cinda Australia Asia Fund's operating income in 2025 is 616.2231 million yuan, a year-on-year decrease of 4.33%; net profit is 66.0871 million yuan, a decrease of nearly 35% from 100 million yuan in 2024.
China Post Fund’s per capita salary will reach 692,200 yuan in 2025
As China Post Fund, a fund company listed on the New Third Board, disclosed its 2025 annual report, its employee salary levels attracted market attention. As a rare public offering in the industry, China Post Fund disclosed detailed salary-related data in its annual report, providing a rare window for the outside world to observe the labor costs of the public offering industry.
According to data calculations, the per capita salary of China Post Fund employees in 2025 will be approximately 692,200 yuan, an increase of 26.4% from 547,500 yuan in 2024. The calculation process of this salary level is as follows: the total salary is calculated using the formula of "cash paid to and for employees + employee benefits payable at the end of the period - employee benefits payable at the beginning of the period".
The 2025 annual report of China Post Fund shows that in 2025, China Post Fund will pay 163 million yuan in cash to employees. The employee compensation payable at the end of the period is 46.755 million yuan, and the employee compensation payable at the beginning of the period is 32.0458 million yuan. From this, the total compensation is approximately 178 million yuan.
The number of employees is the average of the beginning and end of the period. In 2025, there were 264 employees at the beginning and 249 at the end of the period, with an average of approximately 257. After calculating the above data, we found that the per capita salary is 692,200 yuan.
In 2024, China Post Fund will pay 166 million yuan in cash to employees, the employee benefits payable at the end of the period will be 32.0458 million yuan, and the employee benefits payable at the beginning of the period will be 49.2141 million yuan. From this, it can be concluded that the company's total salary in 2024 will be approximately 149 million yuan, with an average of 272 employees, corresponding to a per capita salary of 547,500 yuan.
From the perspective of salary structure, although the company's overall number of employees will decrease by 15 in 2025 compared with 2024, and business positions such as investment research and operations have been reduced, the total salary has increased by nearly 29 million yuan, showing that the company's salary resources are further concentrated on core personnel in the context of cost reduction and efficiency improvement.
Wind data shows that China Post Fund achieved a net profit of 53.8608 million yuan in 2025, of which the net profit attributable to shareholders of the parent company was 51.4023 million yuan, a significant increase of 758.5% compared with 2024. Investment income will significantly increase from 22.55 million yuan in 2024 to 136 million yuan, becoming a key factor in driving profit growth. Management fee income is approximately 370 million yuan, accounting for 94.76% of operating income, and represents a year-on-year increase of 6.46% from 347 million yuan in 2024.
Industry insiders pointed out that although per capita salary has increased significantly, this salary data includes the costs of five insurances and one housing fund borne by executives and enterprises, and the actual income of ordinary employees may be far lower than this level.
daily economic news
China News Service, Guangzhou, March 30 (Reporter Cai Minjie) As the core cutting-edge technology that connects the brain and external devices, brain-computer interface is breaking the communication barriers between humans and machines, opening up new paths for the rehabilitation treatment of neurological diseases such as stroke, ALS, and spinal cord injury, and becoming an innovation hotspot in the field of medical technology.
The 10th Guangzhou International High-end Medical Equipment Exhibition (High-end Medical Equipment Exhibition) kicked off in Guangzhou on the 30th. With its broad application prospects in medical rehabilitation, disability assistance and elderly care, the brain-computer interface industry has become the focus of the exhibition. Many companies presented their non-invasive brain-computer interface core technologies and products.
By wearing a headband to collect brain waves, the core algorithm is used to analyze the user's intentions, enabling functions such as wheelchair operation without manual control. This technology can be widely used in medical, education, scientific research and other scenarios.
In response to the signal accuracy, stability and power consumption issues of non-invasive brain-computer interface technology that the industry is concerned about, Chen Yan, co-founder and general manager of Lizhi Intelligent Technology (Guangzhou) Co., Ltd., said that the current core challenge lies in the insufficient accumulation of EEG data in scenarios, and more clinical and home application data are needed to support algorithm optimization. "AI large models are the key to technology upgrades and can help build clinical standardization paths. Combined with on-site data collection, they can provide support for the application of non-invasive brain-computer interface scenarios and the consistency verification of efficacy."
Talking about the future layout, Chen Yan believes that brain-computer interfaces will move from hospitals to health management and home scenarios, not only serving patients with brain diseases, but also covering sub-healthy groups such as mood and sleep problems, and expanding to education, industry and other fields. "In the future, brain-computer interfaces will be integrated with humanoid robots and other technologies to realize the interconnection of all things through brain control. This era is accelerating."
According to He Guanfeng, head of the South China Brain Control Marketing Department, brain-computer interfaces have been applied in psychology and mental health, but in fields such as psychosurgery and neurology, it is still necessary to continue to deepen scientific research cooperation with medical institutions to further expand and deepen application scenarios.
From the perspective of global competitiveness, He Guanfeng believes that China's non-invasive brain-computer interface technology is at the leading level. The core advantage lies in the massive training data provided by its huge population base, which can effectively improve the accuracy of the model and the breadth of application scenarios. At the same time, with the support of national and local policies, companies can connect with more medical resources and accelerate technological breakthroughs and industrial implementation.
Since 2025, the development of brain-computer interfaces in China has accelerated significantly, and many types of technologies have entered the application verification stage with impressive results. Although the industry is in the ascendant, industry experts believe that the current brain-computer interface still faces many challenges in terms of scientific principles, technology, ethics and other aspects. With the deep integration of AI large models and big data technology, brain-computer interfaces will further improve recognition accuracy and interaction fluency, and promote the development of medical and health care toward precision, intelligence, and personalization. (over)
On March 27, the province's first forest ticket, the "Wuling Forest Ticket" (No. ZXWLLP2026001), was successfully issued in Zhuxi County, Shiyan City.
Hubei Daily (Reporter Xu Yingfeng, Correspondents Guo Jun, Li Zhenhai) On March 27, the province’s first forest ticket, the “Wuling Forest Ticket” (No. ZXWLLP2026001), was successfully issued in Zhuxi County, Shiyan City. This forest ticket corresponds to 111.6 acres of rare nanmu forest, with a face value of 2 million yuan. This marks a breakthrough in the "realization" of forestry assets in our province, and also provides a reference for solving the dilemma of "it is difficult to get rich by guarding the green mountains" through institutional innovation.
On March 27, the province's first forest ticket, the "Wuling Forest Ticket" (No. ZXWLLP2026001), was successfully issued in Zhuxi County, Shiyan City.
Zhuxi County is located in the core water conservation area of the middle route of the South-to-North Water Diversion Project. It has 4.3311 million acres of forest land, with a forest coverage rate of 83.2%, and a solid ecological foundation. However, for a long time, fragmented forestland management and vague asset valuation barriers have caused this green water and green mountains to fall into a vicious cycle of "rich resources but economic backwardness". Social capital does not dare to enter the forest, and forest farmers have difficulty monetizing the forest land. Forestry development is trapped in the double dilemma of "difficulty in financing and difficulty in monetization".
"The core of forest vouchers is to give sleeping forest resources an 'ID card' to enter the capital market." Li Kewen, a member of the Party Committee of the Zhuxi County Forestry Bureau, said that this type of stock certificate is issued by the state-owned forest farm, which splits the forestry project funds into standardized shares. After subscribing, investors can receive an annual pre-dividend of 4%. After maturity, the net profit can be distributed according to the shareholding ratio, and they can also apply for repurchase at the original price of the forest farm or a pledge loan, allowing social capital to "advance and retreat freely."
The single forest ticket was issued by Shuangzhu Forest Farm in Zhuxi County and has a term of 20 years. Two local companies, including Hubei Senyuan Forestry Development Co., Ltd., were the first to subscribe for all shares.
"We are optimistic about the long-term value-added space of the nanmu industry, and more importantly, the win-win ecological value and economic value achieved by this model." Yan Xuehui, chairman of Hubei Senyuan Forestry Development Co., Ltd., said that subscribing for a share of 1 million yuan is both an investment and a fulfillment of social responsibility.
Behind institutional innovation is the standard guarantee of the entire chain. Zhuxi County took the lead in promulgating the first "Forest Ticket Management Measures (Trial)" in Hubei Province, establishing a complete system from issuance, trading to supervision, and resolving investment risks and ensuring the operation of forest tickets through negative lists, independent accounting, and buy-back mechanisms. At the same time, the local government signed a 2 billion yuan forestry comprehensive credit agreement with rural commercial banks, making forest tickets a "leverage" to mobilize financial capital into the forest.
On March 27, the Zhuxi County Forestry Bureau signed a 2 billion yuan forestry comprehensive credit agreement with local rural commercial banks.
"The exploration of Zhuxi County has provided a replicable and scalable path for mountainous areas to revitalize forestry resources." Xia Xiangrong, director of the Development and Reform Department of the Hubei Provincial Forestry Bureau, commented that the forest ticket system not only realizes "resources become assets, assets become capital, and capital becomes capital." The closed loop of "gold" has also built a virtuous cycle of "ecological improvement, financial enhancement, industrial efficiency improvement, and forest farmers' income increase", breaking the contradiction between ecological protection and economic development, and writing a vivid footnote for the implementation of the concept of "lucid waters and lush mountains are gold and silver mountains".
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