Editor’s Note: Housing is a major event that residents are generally concerned about. The report of the 19th National Congress pointed out that "let all people live in a house", which made people with housing difficulties feel excited. How to solve the problem and complete the task? The support and guarantee of housing provident fund system is an important part.

　　The housing accumulation fund system is the product of China’s housing system reform. At present, the real estate industry has undergone great changes, and the economic and social environment has also undergone great changes. The housing provident fund system faces many challenges and challenges in the new era, which has become a hot topic of concern from all walks of life and a major problem that society expects to solve.

　　In recent years, from national to local, the housing accumulation fund system has been continuously explored and reformed, but some fundamental problems still need to be solved. Especially in the context of accelerating the establishment of a long-term mechanism for the real estate market, accelerating the new urbanization and the integration of new citizens into cities, it is even more urgent for the provident fund to better play its role of connecting industries and the government and providing policy-oriented financial support to help achieve the goal of "all people live and live".

　　Want to buy a house, is the provident fund reliable?

　　— — Road-finding provident fund: minor repairs or major changes (1)

　　Half-monthly talk reporter Tao Ye Yu Xianhong Lu Chang Hu Ruohan

　　It has been nearly 30 years since the birth of China’s housing accumulation fund system in the early 1990s. As an important tool for the transformation of China’s housing system from welfare housing distribution to marketization, it has played a very important role in promoting the housing system reform in China and improving the living conditions of residents. However, with the continuous development of economy and society, the housing market environment is constantly changing. Now, if you want to buy a house, can the provident fund be reliable?

　　Where did it come from?

　　In the era of planned economy, China implemented the housing system of "low rent, high subsidy, welfare system and distribution in kind" for urban workers. Urban housing was regarded as the welfare of workers and almost lived for free, and the rent was determined not by cost but by affordability.

　　Hu Zuquan, an associate researcher at the Macroeconomic Research Office of the Economic Forecasting Department of the National Information Center, said that this welfare housing allocation model caused a large shortage of urban housing construction funds and consumption funds, and the urban housing shortage was serious: the per capita living area in cities and towns dropped from 4.5 square meters in 1950 to 3.6 square meters in 1978, and the number of households lacking housing reached 8.69 million, accounting for 47.5% of the total urban households at that time.

　　In this context, the housing accumulation fund system emerged as the product of urban housing reform. Through the housing monetization distribution and housing financing mechanism supported by the state, subsidized by the unit and reasonably borne by the individual, we will open up a stable source of funds for urban housing construction. In 1991, Shanghai took the lead in establishing the housing provident fund system, marking the official start of China’s housing provident fund system.

　　In 1999, the State Council issued the Regulations on the Management of Housing Provident Fund, which marked that the housing provident fund system officially entered a period of standardization and legalization. Since then, the Ministry of Housing and Urban-Rural Development and other relevant departments have made a series of specific provisions on strengthening the management of provident fund and improving the supervision mechanism.

　　After more than 20 years of development, the housing accumulation fund system has become a "stabilizer" and "booster" for local governments to improve residents’ living conditions and ensure the stable development of the real estate market.

　　"As a product of the housing system reform, China’s housing provident fund system has promoted the institutional transition from physical distribution to currency trading, and promoted the transformation of the housing system from welfare to market." Huang Yanfen, a professor at the School of Public Administration of Renmin University of China, said.

　　For whom?

　　Since its introduction, benefiting as many urban residents as possible has always been one of the goals of the provident fund system. At present, how many people and who are enjoying the benefits of housing provident fund?

　　Xiao Zhang, who works in a barber shop in Hubei, never thought about using the provident fund, because he never paid the provident fund, let alone using the provident fund loan to buy a house. Peng Wen, who works in Nanchang, considered that the interest rate of provident fund loans was relatively low, and he intended to use provident fund loans during the purchase this year to reduce the pressure on monthly supply. However, he found that the two banks that cooperated with the developers made it clear that they would not accept provident fund loans.

　　Their experience is not a case. Judging from the data reflected in the 2016 Annual Report of the National Housing Provident Fund, inclusiveness is still an unattainable goal of the current housing provident fund system.

　　The low coverage rate in the payment link of housing provident fund and the low individual loan rate in the use link (the ratio of accumulated loan households to accumulated deposit households) are particularly typical. On the one hand, as of the end of 2016, nearly 70% of the urban employees in the country still did not pay the housing provident fund; On the other hand, the rate of individual loan households in eastern provinces is generally low, and the rate of individual loan households in Guangdong is less than 20%.

　　From the loan link, the 2016 Annual Report of National Housing Provident Fund shows that low-income groups account for 35.96%, middle-income groups account for 58.86%, and high-income groups account for 5.18%. Of the houses purchased and built with loan support, 31.07% are houses with an area of less than 90 square meters, 59.20% are houses with an area of 90-144 square meters, and 9.73% are houses with an area of more than 144 square meters.

　　Gao Guangchun, an associate researcher in national academy of economic strategy, believes that the proportion of middle-and high-income groups is far lower than that of ultra-low-income groups, and provident fund as a "booster" for low-income groups is still insufficient.

　　A research project of China Institute of Income Distribution of Beijing Normal University also found that at present, people with good education and higher wages and urban residents who are employed in the system are more likely to withdraw provident fund; It is difficult for individuals with lower wages to withdraw the paid housing provident fund.

　　Speed up reform

　　In recent years, in order to expand the coverage of provident fund, various localities have made various attempts in terms of deposit scope and withdrawal process, so that more people can use provident fund more conveniently.

　　Cai Qiuxun, a 24-year-old from Baoluan Town, Fengdu County, is a freelancer engaged in surveying and mapping in Chongqing. Because he has no fixed work unit, he has never expected to buy a house with a provident fund loan. In October 2016, Fengdu County, Chongqing explored the pilot project of migrant workers paying provident fund.

　　Cai Qiuxun began to pay the provident fund in January this year, and paid it to 140 yuan every month. After six months, he can get a loan. With a loan of 360,000 yuan from the provident fund, Cai Qiuxun successfully bought a 107-square-meter house, "paying less interest by almost 100,000 yuan".

　　In Beijing, in order not to let the cumbersome process become the obstacle for the masses to use the provident fund, in August this year, the Beijing Housing Provident Fund Management Center put forward a new method for the deposit and withdrawal of housing provident fund, and further simplified the process and materials for withdrawing the provident fund. At the same time, Beijing has continuously strengthened the support of the provident fund for renting houses.

　　In Nanchang, Jiangxi Province, from October 27th, employees no longer need to raise funds in advance when repaying loans. By hedging the loan repayment business, they can use the balance of provident fund accounts to offset personal mortgages, thus improving the efficiency of the use of provident fund.

　　Reform at the national level has also been advancing. From July 1st this year, the long-awaited national housing accumulation fund transfer and connection platform was put into use. The completion of the platform has built a bridge for the transfer of provident fund between different places, and realized that "accounts go with people and money goes with accounts".

　　How sick and questioned.

　　— — Road-finding provident fund: minor repairs or major changes (Part II)

　　Half-monthly talk with reporter Yu Xianhong and Lu Chang Tao Ye.

　　Although the provident fund system has accelerated the pace of reform in recent years, in the context of rising housing prices, many shortcomings of the provident fund system have been exposed, and the mutual protection function has been weakened, which has been questioned by the society.

　　Managing "multiple policies", the fund pools are isolated from each other.

　　Housing accumulation fund business is a quasi-financial service and is also considered as one of the largest policy financial resources. However, under the institutional mechanism of compartmentalization, it is difficult to exert its maximum efficiency and function.

　　The decentralized system is reflected in the "multiple policies" of housing provident fund management centers around the country. Vertically, the five-level administrative agencies mainly set up housing provident fund management institutions at the municipal level, without a top-down vertical management system, lacking unified business guidance and standards, and the housing provident fund management centers in various places are fragmented.

　　Horizontally, because there is no common subordinate organization at the national and provincial levels, the provident fund management centers are separated from each other, the business development is uneven, the information systems are very different, and there is no effective information circulation channel.

　　Taking Jiangxi as an example, Ganzhou Housing Provident Fund Management Center is attached to Ganzhou Finance Bureau, while Nanchang Housing Provident Fund Management Center is a public institution directly under Nanchang Municipal Government. It is also known that in some areas, there are still some hanging in the agency affairs administration. The nature of the units is also different, some are participating units, while others are public institutions.

　　A major drawback of decentralized management system lies in the lack of supervision. The Measures for Administrative Supervision of Housing Provident Funds stipulates that the Ministry of Housing and Urban-Rural Development, the Provincial Housing and Urban-Rural Development Department, together with relevant departments such as finance, the People’s Bank of China (branches) and the China Banking Regulatory Commission (dispatched offices) at the same level, are responsible for administrative supervision of the management of housing provident funds in various cities, but there is only a loose supervision relationship from top to bottom, and all regulatory departments have not formed a joint force.

　　The essence of the provident fund center is territorial supervision, that is, the local government is responsible for the supervision of the deposit, use and value-added income of the housing provident fund, while local governments often lack the motivation to supervise. At the same time, it also brings a problem, that is, the housing accumulation funds in various places are not mutually recognized. Some cities are short of accumulation fund resources and even have to raise funds at high interest rates, while some cities have a large amount of idle funds deposited in their accounts.

　　"Unfortunately, the statistics are very large, but in fact the resources we can allocate are very limited. This needs top-level design to promote. We hope that at least we can carry out vertical management by province, allocate funds and try our best to make loans. " Xiao Wen, deputy director of Jiangxi Housing Provident Fund Management Center, said.

　　With the impact of high housing prices, provident fund loans are "riding a tiger"

　　Compared with commercial loans, the interest rate of provident fund loans is lower, which is favored by most property buyers. However, due to the relatively limited amount of provident fund loans, in many cities, its housing security function has been weakened by the rising housing prices in recent years.

　　"My overall feeling is that the earlier it is, the more obvious the function of provident fund housing security is." Xiao Wen said. National academy of economic strategy’s research also shows that in the eastern provinces with developed economy and higher housing prices, the fairness of housing provident fund is much lower than that in the western provinces with lower housing prices.

　　In the context of the rapid rise in housing prices, some buyers can only take the form of combined loans even if they use provident fund loans. It takes a long time and complicated procedures to use provident fund loans; No, I didn’t enjoy the policy benefits I should have. Employees are "riding a tiger" in using provident fund loans.

　　In September 2016, Beijing’s real estate market was extremely hot, especially in the stock housing market. It is nothing new for house prices to rise week by week and day by day. Liu Fang, who works in Beijing, decided to change rooms in early September. In order to prevent the seller from sitting on the ground and raising prices, she first finalized a 5.6 million yuan two-bedroom apartment and paid a deposit. Soon, she sold her original house for 4 million yuan and entered the so-called "chain list".

　　However, in the face of the difference in the need for loans, Liu Fang did not take the provident fund loan into consideration. "Portfolio lending is too slow, like me ‘ Serial list ’ Yes, the time requirement is very strict, the seller is waiting for money, and I also hope that the buyer of my house can get the full amount in place as soon as possible, so my requirement for the buyer is also the need for commercial loans. If you want to borrow the provident fund, you have to give me a high down payment. "

　　A real estate agent in Beijing told a reporter who talked for half a month that in fact, most buyers want to use the provident fund, but in Beijing, the total house price is four or five million yuan, and the provident fund loan can be up to 1.2 million yuan. Many just need to pay a high down payment, and the combined loan time is as long as two and a half months or even longer. It is almost impossible to rely on all commercial loans when the house price goes up. Most buyers can only buy a house through commercial loans, and then withdraw the provident fund once every three months to repay part of the monthly payment.

　　Weiye I love my family Hu Jinghui, vice president of the group, said that loans are the way that most people must buy houses at present. However, in a high-priced city like Beijing, most buyers have no choice but commercial loans because of the small amount of provident fund loans.

　　"Reverse Subsidy" raises the question of fairness

　　Many studies have found that in the use of provident fund, there is such a phenomenon: most employees pay housing provident fund, while only a few people who have the ability to buy houses enjoy low-interest loans from housing provident fund.

　　Hu Zuquan, an associate researcher at the Macroeconomic Research Office of the Economic Forecasting Department of the State Information Center, said that many depositors may never get provident fund loans and are forced to save at a level lower than the market interest rate to provide support for families with higher incomes who can get mortgage loans. This is actually a "reverse subsidy" for low-income people to high-income people.

　　In addition to the unfair use, the deposit coverage rate also has a more obvious phenomenon of "polarization between the rich and the poor". The research on "Income Difference of Housing Provident Fund Deposit Coverage in 2014" conducted by China Income Distribution Research Institute shows that the lower the income level, the lower the housing provident fund coverage, and the higher the income level, the higher the coverage. The difference between the deposit coverage of low-income and high-income people is as high as nearly 50 percentage points.

　　An interview with a reporter for half a month found that even in the same region and the same industry, there may be huge differences in the contribution of employees’ provident fund under the premise of the same proportion and base.

　　An employee of a financial enterprise in Beijing told the reporter that he personally pays the provident fund of 1,900 yuan per month. The students who work with them pay the same amount of provident fund every month in a public institution in the same system. After several years, the difference between the two people’s provident fund balances is tens of thousands because the other unit also pays more than 2,000 yuan of supplementary provident fund every month.

　　Ms. Xiao, who works in a large private enterprise in Beijing, said that when she signed a contract with the enterprise, her salary was 20,000 yuan per month before tax, but she found that the enterprise paid the provident fund based on the basic salary of 6,000 yuan. If the provident fund is regarded as "welfare", the amount paid into the provident fund is not directly proportional to her "high salary".

　　"I am not bad. It is difficult for employees of many small private enterprises and foreign-funded enterprises to enjoy the protection of provident fund, which also causes unfairness within and outside the system." Ms. Xiao said.

　　Don’t change it! Where is the provident fund system going?

　　— — Road-finding provident fund: minor repairs or major changes (3)

　　Half-monthly talk reporter Lu Chang edifies Yu Xianhong.

　　The report of the 19th National Congress of the Communist Party of China pointed out, "Let all the people live and live." This is the general goal of the housing policy in the new era. The government will focus on supporting low-and middle-income people and new urban residents to solve the housing problem, and these groups are the weak links covered by the provident fund. From this point of view, the reform of the provident fund system is imperative.

　　The reform process needs to be accelerated.

　　Whether the provident fund system can maintain its vitality depends on whether it can keep up with the general trend of economic and social development. Experts pointed out that under the current provident fund system, informal workers, especially migrant workers, are basically excluded from the system, which is contrary to the development requirements of the new urbanization with "people as the core".

　　"The vast majority of non-public enterprises have not established housing provident fund, and individual industrial and commercial households, part-time employees, other flexible employees and migrant workers have not been included in the housing provident fund system. They are the key targets to ensure that all people live and live." Hu Zuquan, an associate researcher at the Macroeconomic Research Office of the Economic Forecasting Department of the National Information Center, said.

　　Especially with the acceleration of urbanization, the scale of population transfer from rural areas to cities is huge. Through housing security, farmers who enter urban employment can become citizens and smoothly integrate into urban life, which not only puts forward new requirements for the provident fund system to adapt to the diversified housing needs, but also puts forward new requirements for further expanding the coverage of the provident fund, improving the investment operation mode and strengthening organizational management.

　　Hu Zuquan believes that only by scientifically adjusting the provident fund policy, filling the loopholes in the system, strengthening supervision, expanding coverage, standardizing operation and providing quality services can we give full play to the due role of housing provident fund policy housing finance.

　　In November 2015, the Regulations on the Management of Housing Provident Fund (Revised for Draft) was publicly solicited for comments, which was the first revision of the regulations after 13 years. This revision mainly focuses on the deposit, withdrawal and utilization rate of housing provident fund, enhancing the liquidity of provident fund and promoting the preservation and appreciation of provident fund. The Legislative Work Plan of the State Council in 2017 includes the revision of the Regulations on the Management of Housing Provident Fund as an urgent project to comprehensively deepen the reform this year, and it is determined that the Ministry of Housing and Urban-Rural Development will complete the drafting and revision.

　　"It has been two years since the revision of the housing provident fund management regulations was publicly solicited, but ‘ I only heard the sound of stairs, but no one came down ’ I hope that the revised regulations can be introduced as soon as possible. " Beijing citizen Chen Xi said.

　　The reform orientation is gradually clarified.

　　Experts believe that in the short and medium term, to improve the housing provident fund system, we should speed up the revision of the Regulations on the Management of Housing Provident Fund, and clarify its system positioning, service targets and policy objectives. "At present, China’s housing monetization reform has been basically completed. To achieve the goal of improving the housing level of urban residents, we should focus on improving the housing payment ability of low-and middle-income groups." Huang Yanfen, a professor at the School of Public Administration of Renmin University of China, said.

　　Huang Yanfen believes that the housing accumulation fund system should be positioned as mutual housing policy finance under the background of the basic completion of housing monetization reform and the rapid advancement of new urbanization in China. This system orientation includes three aspects: mutual assistance, policy and financial attributes. The goal is to give full play to the function of housing provident fund system to improve the living standard of urban residents, especially low-and middle-income groups.

　　Wang Lina, a researcher at the Institute of Economics of China Academy of Social Sciences, said that an important orientation of provident fund reform is "returning power to empower". "Repayment of rights" is to give the owners of funds their due rights, such as knowing, participating, making decisions and using rights, raising deposit interest rates and sharing value-added benefits. "Empowering" means giving the provident fund more functions. In addition to buying houses, it can be used for renting houses and other housing consumption expenses.

　　Wang Lina believes that the current disclosure of relevant information about provident fund is not sufficient and transparent. For example, how much of the provident fund withdrawal is housing loan, how much is retirement withdrawal and rental housing withdrawal? Is the main source of value-added income from deposit and loan interest income or other investment income? How is it distributed and used? Which cities have capital precipitation or shortage? What is the root cause? Participants in the provident fund should understand these problems.

　　In addition, at present, the housing provident fund is limited to the limited use direction of funds such as house purchase, self-construction, renovation and overhaul, and the withdrawal under very few specific circumstances such as retirement, loss of working ability and going abroad to settle down. The application channels are narrow and the degree of convenience needs to be improved.

　　The interviewed experts pointed out that China’s housing provident fund system was established by learning from the experience of Singapore and other countries, but only learned "compulsory savings" and "low deposit and low loan", and did not establish a fair loan allocation mechanism.

　　There are still several fundamental differences between Singapore’s current central provident fund system and China’s provident fund system: First, Singapore’s central provident fund system is more compulsory, wider in scope and higher in proportion. Second, the deposit interest rate of the Singapore Central Provident Fund account is not a low interest rate, but is determined by the average interest rate of time savings deposits of the four major banks in Singapore. Third, Singapore’s central provident fund supports housing construction by purchasing bonds, while China’s housing provident fund mainly supports housing construction by means of loans.

　　The insiders believe that China should learn from international experience, speed up the innovation and transformation of housing provident fund system, establish a housing provident fund model in line with China’s national conditions, improve the adjustment mechanism of flexible deposit ratio that is suitable for economic and social development and housing price level, and improve the mechanism of provident fund supporting the construction of affordable housing and diversified housing consumption demand, so as to better help solve housing problems and reflect social equity.

　　The reform goal still needs to be explored.

　　The central government has proposed to study the reform of housing provident fund system in the direction of establishing residential policy financial institutions to support residents’ demand for self-occupation. In the long run, it is in line with the reform direction of national institutions to promote the transformation of provident fund management into policy-oriented financial enterprises in a timely manner, and it is also conducive to improving the efficiency of provident fund management and improving business services.

　　Gao Guangchun, an associate researcher in national academy of economic strategy, believes that the Regulations on the Management of Housing Provident Fund (Revised for Draft) improves the mechanism for the withdrawal and use of housing provident fund, which indicates that the use of housing provident fund has entered the stage of paying equal attention to the withdrawal of personal housing lease and personal housing purchase loans (including loans from different places). At the same time, the key issues that may be encountered in financial and policy reforms should be considered.

　　Yang Yumei, a researcher at China Institute of Income Distribution, pointed out that the plan of transforming the provident fund system into a policy-oriented housing savings bank means transforming the existing housing provident fund institutions at all levels into financial institutions. Different from the existing closed provident fund system, policy-oriented financial institutions are part of the financial system, and trillions of financial assets have great responsibilities for maintaining and increasing their value and operating safely.

　　Wang Lina suggested that it is not necessary to set up a national housing bank to promote the transformation of provident fund management to residential policy financial institutions, but it can be a housing mutual savings bank, a housing cooperative bank, or a housing provident fund asset management company. This means that its ownership form is not necessarily wholly state-owned, except the central government, local governments, financial institutions, powerful enterprises, provident fund managers and depositors can all become shareholders, and mixed ownership is conducive to amplifying the functions of state-owned capital and stimulating the vitality of private capital.

　　In response to the call for the housing provident fund system to be changed from territorial management to centralized management, some grassroots people believe that the balance of housing provident fund is originally at the local level, and it is bound to harm the interests of the local authorities if it is received by the central management agency in a compulsory centralized manner. How to break the territorial management system of housing provident fund and coordinate the relationship between the central and local governments is also a major difficulty in the reform of the provident fund system.

　　[car home News] The 2020 Geneva Motor Show will officially open on March 3rd. Before that, we have listed some brand-new models that will be launched at the auto show for netizens. For details, please refer to the last article: "New A3 and other new cars at the 2020 Geneva Motor Show (I)". Next, we will continue to bring you a preview of the new cars at the 2020 Geneva Motor Show. In this program, we can see more high-performance models, such asHuayra Imola, paganiSuch a "Hyper Car",Aston martin Vantage/ Bentley BacalarWaiting for a sports car,New Golf GTI/ New Ming Rui RSSuch as small steel cannons andNew AMG GLE 63 S Coupe/ Audi RS Q3High-performance SUV. Have you been unable to hold back your excitement when you hear this? Then let’s take a look at this issue of "New Car Preview of 2020 Geneva Motor Show (Part II)"!

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Pagani Huayra Imola Limited Edition
New car highlights: in the name of imola circuit, performance re-evolved.

　　Pagani Huayra Imola is the latest limited edition model of Huayra car series, and its name is taken from the imola circuit in San Marino, Italy. Five sets will be built in limited, and the price will be about 5 million euros (about 37.85 million RMB).

　　Based on the standard Huayra model, the new car is equipped with a more radical aerodynamic kit, but its shape is different from any special Huayra released in the past. It can be seen that the new car is painted in silver gray, and the overall suite style is not as exaggerated as Huayra BC, but it also pays attention to aerodynamic performance. At the same time, at the front and rear fenders, the new car also added a ventilation diversion port similar to a shark fin, which looks quite distinctive.

　　In the wheel part, the new car adopts seven-spoke lightweight wheels, which are matched with high-performance carbon ceramic brake system and Pirelli P ZERO Trofeo R high-performance tires. In the rear part, Huayra Imola uses a large carbon fiber rear diffuser and a fixed spoiler, and the taillights also adopt a blackened style, which looks more unique and exaggerated. In order to further realize light weight, Huayra Imola also used a large number of alloy materials such as aluminum, titanium, chromium-molybdenum steel, etc., and reduced the amount of paint by 5kg through new painting technology, and the final curb weight was only 1246kg.

　　As for the interior, Huayra Imola retains the consistent mechanical style of pagani. The flat-bottomed carbon fiber multi-function steering wheel, the exposed lever transmission mechanism and the mechanical handbrake are still equipped, and the interior panel made of carbon fiber/brown leather /Alcantara also highlights its wildness. In addition, the seat headrest of the new car is embroidered with the Imola track logo.

　　In terms of power, Huayra Imola continues to be equipped with a 6.0-liter twin-turbocharged V12 engine provided by Mercedes -AMG, with the maximum power increased to 838 HP and the peak torque reaching 1,100 Nm, which is 36 HP and 50 Nm higher than that of Huayra BC in 2016, and the transmission system is matched with a 7-speed sequential gearbox.

Editor’s comment:

　　The Huayra car series, which was born in 2011, has come to the 10th year of its life. As a niche super sports car brand, pagani, who was born in the workshop, has always been shrouded in the aura of artisans. Borrowing AMG’s engine, it can create a customized supercar with attractive performance and poor performance, and it has been admirable for 20 years since Zonda was born. As an unattainable top toy for ordinary people, Huayra Imola still belongs to only a few people. Like readers, editors only hope that after the opening of the auto show, they can learn more about and appreciate this masterpiece through car home’s first-hand reports.

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Aston martin brand new V8 Vantage Roadster
New car highlights: elegant British luxury sports car

　　The new V8 Vantage Roadster takes elegance to the extreme. Different from the hardtop version, the new car has a brand-new front enclosure design, which makes it look more like the aston martin DB10 concept car. In addition, it is a brand-new mechanical soft-top convertible mechanism designed by the government.

　　It is reported that engineers equipped the car with a lightweight "Z" folding roof mechanism, weighing only 60kg. At a speed not higher than 50km/h, the roof can be lifted in 6.8 seconds, and the folding time is 6.7 seconds, which is the fastest opening and closing speed among convertible cars currently on sale (excluding manual operation).

　　In addition, the new car as a whole is basically the same as the hardtop version. The short front overhang, muscular side wings and exaggerated aerodynamic suite at the tail all make you feel his performance. The interior is consistent with the hardtop version, and the car has a strong fighting atmosphere. A large number of physical buttons and other designs are contrary to the popular minimalist style. All functions including air conditioning, seat ventilation/heating and gear are independent physical buttons, which is full of mechanical feeling.

　　In terms of power, the new car is equipped with a 4.0T V8 twin-turbo engine with a maximum power of 510 HP and a maximum torque of 685 Nm, and provides three modes: sport, sport+and track. The car’s 0-60mph(97km/h) acceleration time is 3.7 seconds, which is 0.1 second slower than the hardtop version. The car is also equipped with adaptive suspension, dynamic stability control, dynamic torque vector distribution, E-Diff (electronic rear differential) and other systems, but it has its own adjustment for the convertible version.

Editor’s comment:

　　Although aston martin officials have revealed that Vantage’s sales in Europe are not satisfactory, this has not stopped him from releasing convertible models. More elegant modeling and newly designed convertible mechanism will give V8 Vantage more symbols besides the track. From the domestic market, the price of 1.918 million yuan still has certain advantages in this level, but I believe it will easily exceed 2 million yuan by adding several optional items.

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Bentley Bacalar
New car highlights: a perfect match between Bentley and Mulliner

　　Bentley Bacalar is a brand-new sports car owned by Bentley. The new car will be based on the previously released EXP 100 GT concept car, and the new car will be officially launched at the Geneva Motor Show, which opened on March 3.

　　The preview shows us the details of the roof line and the tail of Bentley Bacalar, in which the roof line is smooth and slip-back design, and it is integrated with the tail. In addition, the design of the tail is particularly similar to the EXP 100 GT concept car, with the "duckling tail", which brings a strong sporty atmosphere. In addition, the new car is equipped with a whirlwind-style rim design, and the tire sidewall is thin, which is in line with its GT sports car identity.

『EXP 100 GT concept car

　　For reference, let’s review the design of the EXP 100 GT concept car. The new car adopts Bentley’s iconic round headlight group, with shield grille and overlapping design, which looks layered. The brand-new "B" logo of the flying wing further strengthens the gas field of the whole vehicle. At the same time, when you walk into the vehicle, the light beam will light up the grille through the logo and extend along the ridge light belt in the engine compartment to light up the whole interior, which is very ceremonial.

　　Due to the pure electric drive, the front and rear wheels of EXP 100 GT concept car extend to the front and rear of the car body as a whole, which makes it have huge wheelbase parameters. In addition, the car body with a length of 5800mm and a width of 2400mm further explains the elegant lines of luxury large GT sports cars.

　　In the tail design, although the whole tail is still horseshoe-shaped, the whole tail is covered by an OLED screen, and Bentley LOGO and the main taillight group are embedded on it. The whole dynamic diamond taillight light source is displayed by the OLED screen.

　　It is worth mentioning that the gradually bulging tail design of the new car is a tribute to the famous continental R (R-type Continental Sports Saloon by Muller) model in Bentley history, which is also the most famous GT sports car built in Bentley history. Of course, we also saw this design in Bacalar preview.

　　In terms of power, the EXP 100 GT concept car is equipped with a pure electric power system with a four-motor layout. The battery density is five times that of the traditional battery (the official battery information has not been disclosed), and the peak torque of the system is 1500 Nm. In terms of performance parameters, the 0-100km/h acceleration of the new car is 2.5 seconds, the top speed will reach 300km/h, the cruising range will reach 700km, and 80% of the charge will be completed within 15 minutes. So will Bentley Bacalar use pure electric power system like EXP 100 GT concept car? Let’s wait and see.

Editor’s comment:

　　Undoubtedly, if Bentley can mass-produce the EXP 100 GT concept car released in 2019 intact, it will be a stunning work. However, we also know that it is very unlikely to do so, but this does not prevent Bentley from showing the future concept of the concept car in a realistic way, such as cooperating with Mulliner, an old car body manufacturer. Counting the history of cooperation between Bentley and Mulliner for nearly a hundred years, from the 3-liter two-seat version in 1923 to the R-Type Continental in 1952 and then to the Continental Flying Spur in 1957, are all legendary works. Now, this old-fashioned body manufacturer with a history of nearly 500 years is once again working on Bentley’s limited edition model. The more abundant cost and the grander brain hole will undoubtedly make this car stand out from a limited number of contemporary Bentley. How moving this car will be will be revealed in less than 10 days.

The new AMG GLE 63 S 4MATIC+ Coupe
New car highlights: a coupe SUV that is handsome enough and fierce enough to run.

　　Compared with the previously released AMG GLE 53 4MATIC+ coupe SUV, the appearance of the new AMG GLE 63 S 4MATIC+ coupe SUV is not obvious. Due to its higher positioning and fiercer performance, the AMG GLE 63 S 4MATIC+ coupe SUV adopts a more exaggerated front enclosure shape, and the black panels at both ends of the through-hole have also changed from the hole-like design of the 53 model to a more direct large-size opening, which directly cools the internal cooler against the wind. In addition, the straight waterfall AMG front grille, raised engine hood and LED headlight group on the 53 model are retained.

　　Coming sideways, the new AMG GLE 63 S 4MATIC+ coupe SUV has not changed much compared with the 53 model, maintaining a smooth and elegant overall line and a sporty body with the color wheel eyebrows, while changing into a black side skirt with a small side pedal. In the wheel part, the new AMG GLE 63 S 4MATIC+ coupe SUV comes standard with 22-inch seven-spoke V-shaped AMG wheels, while the new AMG GLE 63 S4MATIC+coupe SUV without S comes standard with 21-inch AMG wheels. In addition, consumers can also choose a variety of other styles of 21-22 inch rims.

　　In the rear part, the new car still retains the design of model 53, and the most important change occurs at the bottom of the rear. Compared with the 53 model, the new AMG GLE 63 S 4MATIC+ coupe SUV adopts a more complicated rear diffuser, which is also matched with a more exaggerated black bilateral square exhaust port.

　　In terms of interior, the new AMG GLE 63 4MATIC+ coupe SUV is no different from the 53 model in shape and layout, which continues the "carbon fiber" atmosphere with sporty temperament and style as a whole, but the materials and color matching in details are different. The new car is also equipped with a carbon fiber steering wheel and an AMG seat decorated with Nappa leather (other kinds of leather are optional). The S model is further equipped with gray seat belts and silver-gray seat stitching.

　　At the same time, the new car is also equipped with a three-spoke AMG Performance steering wheel with aluminum shift paddles. The standard model is equipped with black Nappa leather, while the S model is equipped with Nappa leather and DINAMICA microfiber. At the same time, consumers can also choose the AMG steering wheel button to quickly set the dynamic parameters of the vehicle. On the center console, the driver can adjust the ESP of the vehicle in three levels through the AMG exclusive control unit, and can also control the manual shift mode, adaptive vibration reduction system and optional AMG performance exhaust. In addition, the new car is equipped with stainless steel pedals with rubber nails, welcome pedals, and foot pads with AMG characters.

　　In terms of power, all the new cars are equipped with a 4.0-liter twin-turbocharged V8 engine +48V light mixing system. The maximum power of the engine and motor of the standard AMG GLE 63 4MATIC+ coupe SUV is 571 HP and 22 HP respectively, and the peak torque is 750 Nm. The advanced version of AMG GLE 63 S 4MATIC+ coupe SUV has the maximum engine and motor power of 612 HP and 22 HP respectively, and the peak torque is 850 Nm.

　　In terms of transmission system, the new car comes standard with 9-speed automatic manual transmission and AMG Performance 4MATIC+ full-time four-wheel drive system. In terms of performance, the 0-100km/h acceleration time of the standard version and the S version is 4.0 seconds and 3.8 seconds respectively. In addition, the new car also offers seven driving modes: comfort/sport/sport+/individual/track/crossing/sand.

Editor’s comment:

　　To be honest, the overall proportion of the new GLE Coupe, especially the part above the waistline, has improved significantly compared with the previous generation. The adjusted triangular window and D-pillar shape make the new GLE Coupe look compact and capable. With the latest family taillight design and the unique rear bumper and lower diffuser design of AMG models, especially the 63 S 4MATIC+, the rear visual effect of the new car is still fascinating. Of course, what is more expected is the roar of the 4.0-liter V8 twin-turbo engine with primitive wildness. With the increasingly stringent environmental protection policy, it takes courage and strength to keep a large-displacement V8 engine. I think the number of 0-100km/h acceleration for 3.8 seconds has revealed part of the answer to how fragrant this engine can be with the blessing of a 48V micro-mixing system.

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Audi RS Q3/RS Q3 Sportback
New car highlights: under the RS badge, brothers are United, and their strength is broken.

　　In fact, as early as the end of September 2019, Audi released a new generation of RS Q3 and RS Q3 Sportback, but so far we have not found these two brothers in any international auto show, and this Geneva Auto Show for major European brands may become the first public appearance of these two brothers.

　　As a high-performance version of Q3, the main changes of RS Q3 are concentrated on the front face and the tail. The brand-new grille style and sharp surrounding design on both sides make it look not angry and arrogant. At the rear, the new car adopts a larger spoiler design, and the iconic RS rear surround and exhaust tailpipe also appear on the new car.

　　Thanks to the coupe roof design, the height of the new RS Q3 Sportback is reduced by 45mm compared with the standard version, thus having a lower center of gravity of the whole vehicle and making the wheels look bigger and more dynamic. In addition, although the new car didn’t specially design the wide-body fender based on the new Q3, in order to adapt to the wheel with more exaggerated specifications, the official expanded the wheel eyebrows of the new car by 10 mm..

　　There is little difference between the sideways and the new Q3 S-line model, because Audi Sport does not add a wide-body fender for it, and the side skirt of the new car is also consistent with the new Q3 S-line. However, the use of the exclusive aluminum exterior rearview mirror shell, 21-inch sports rim, high-performance braking system and other components of Audi performance car has fully demonstrated the identity of the new RS Q3.

　　In addition, the new RS Q3 Sportback in the official map also uses optional black body components. The front grille trim, exterior mirror housing, rims, side skirts, roof rails, rear fender trim, tail tags, exhaust pipes, etc. are all painted in black, with a green body, which is full of coolness. The new RS Q3 offers 8 standard car body colors, including Kyalami green and Nardo gray Exclusive to RS, and consumers can also choose customized car paint through Audi exclusive service.

　　In the interior part, the new RS Q3 family completely keeps the main design of the new Q3, with only some changes in details. The flat steering wheel style with shift paddles is completely continued from the new Q3 S-line model, but the perforated leather package and the RS logo at the bottom are added. The instrument panel has also been replaced with carbon fiber grain decorative board, which is also the usual design of RS models. As a high-performance car, the front sports seat is indispensable. The integrated sports seat of the new RS Q3 can be wrapped in Nappa leather or Alcantara material, with honeycomb lines sewn on it and RS exclusive LOGO, which also looks quite combative. In addition, the new car also changed the metal pedal with anti-skid pad.

　　In terms of power, the newly upgraded 2.5T inline five-cylinder engine reduces the weight by 26kg, and at the same time, the maximum power reaches 400 HP and the peak torque is 480 Nm. The transmission system matches the 7-speed S tronic dual-clutch gearbox and the quattro four-wheel drive system. The official 0-100km/h acceleration time of the new car is 4.5 seconds, and the top speed is limited to 250km/h(280km/h speed limit program is optional). Through MMI system, the driver can also choose up to 6 driving modes.

Editor’s comment:

　　There are not many competitors in the market segment of high-performance compact SUV, and the launch of Audi RS Q3 and RS Q3 Sportback is mainly due to the current consumers’ favor for SUV products. Under the same level of power and control, small steel guns are no longer enough to meet the expectations of all consumers.

　　In the future market, only the new AMG GLA 45 and the new AMG GLB 45 will become the competitors of Audi RS Q3 and RS Q3 Sportback. Brothers are United, and their strength is broken. No matter which brand, this sister model is adopted to expand the market share at present. However, brothers should also settle accounts clearly. As Audi RS Q3 and RS Q3 Sportback with very similar shapes, users may still be more entangled in their choices.

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Mid-term change Skoda Kodiak
New car highlights: small changes to add new ideas/plug-in power blessing

　　Skoda officials have not officially announced the official map or other information of the new Kodiak. Combined with the previous overseas spy photos, the new Kodiak will be adjusted for the front face and tail shape. With reference to Skoda Express, which has just undergone a mid-term redesign, it is expected that the front face of the new Kodiak will also adopt the latest family-style design, including larger straight waterfall front grille, matrix LED headlights, connected front surrounding lower air intake, and penetrating chrome-plated strips with LED fog lights. The change of the tail will focus on the style update of the taillight group and the rear enclosure. In addition, SKODA LOGO is expected to replace the original brand logo and be applied to the rear of new cars.

　　With the promotion of the electrification layout of Skoda brand, the new Kodiak will also add the Kodiak iV model with plug-in hybrid system on the basis of retaining the existing traditional gasoline engine and diesel engine. It is expected that the new car will share the 1.4T plug-in system with the SEAT Tarraco PHEV model, with a comprehensive maximum power of 242 HP, a peak torque of 400 Nm, an acceleration time of 7.4 seconds from 0 to 100 km/h, and a pure electric cruising range of 31 miles (50 km) with a 13kWh lithium-ion battery pack. We will continue to pay attention to more information about the new car.

Editor’s comment:

　　Following the world premiere in September 2016, Kodiak, which positioned the medium-sized SUV, was quickly deployed by SAIC Skoda, and the domestic version was officially launched in April 2017, and the introduction action was quite fast. As a sister model of Volkswagen Tiguan Allspace/ Tiguan L, Kodiak has the same hardware foundation as Tiguan L. However, due to the differences in internal and external design and configuration, especially the influence of the brand, Kodiak’s sales in China have always been difficult to match the higher-priced SAIC Volkswagen Tiguan L.

　　After the release of new overseas models, the domestic version of Kodiak will definitely usher in synchronous updates soon. However, in the editor’s view, upgrades such as configuration upgrade and styling optimization are tantamount to saving the low awareness of Skoda brand in China.

● Volkswagen brand new golf GTI/GTD
New car highlights: everyone loves a small steel canNOn, and no one will say No.

"New Generation Volkswagen Golf"

　　The eighth generation golf has been launched overseas, and the seventh generation golf in China is still undergoing a small change. In the coming March, a brand-new overseas golf GTI/GTD model will also be released, and GTI is expected to continue to be made in China in the future.

"GTI Preview of New Generation Volkswagen Golf"

　　The new golf GTI/GTD will adopt a more sporty design. Judging from the official preview, on the basis of the ordinary version, the central trim and headlights of the new car are blackened, and the LED light strip also runs through the left and right front cars, which is very conspicuous. On the central decorative strip, GTI/GTD indicates that it will show its identity.

　"GTD Preview of New Generation Volkswagen Golf"

　　Both new cars will be equipped with large-size air intake grilles, and the interior is a honeycomb mesh structure, which is quite sporty. It is worth mentioning that the two new cars have five LED light sources embedded in the grille on both sides, which has high recognition.

"A new generation of Volkswagen Golf GTI spy photos, source: motor 1"

　　Combined with the spy photos exposed before, the new car will adopt a set of sports appearance kits, including the above-mentioned front enclosure, sports rear enclosure, and bilateral exhaust. In addition, the two new cars are expected to be equipped with more sporty rims.

　　The official said that the new generation GTI/GTD models will be fully upgraded in terms of intelligence and networking, and the new car is one of the first models that can be interconnected with other vehicles through Car2X. At the same time, the new car will be equipped with a new DCC adaptive chassis control system, and the ergonomics of the sports seat will also be upgraded to provide better driving experience for drivers.

　　Referring to the previous news, the new Golf GTI will continue to be equipped with a 2.0TSI gasoline engine with a maximum power of 245 HP; The new golf GTD will be equipped with a 2.0TDI diesel engine with a maximum power of 200 HP. The transmission is matched with a 6-speed manual or 7-speed dual clutch gearbox. At the same time, the new car will also be equipped with Travel Assist cruise assistance system.

Editor’s comment:

　　The new golf GTI will further improve its power, which is definitely good news for its consumer groups. In addition, the new GTI based on the eighth generation golf will also be qualitatively improved in terms of configuration and scientific equipment, especially the application of the new generation car networking system, which makes this small steel gun more versatile. Now what we need to wait for is the announcement of more technical details and the time for domestic production.

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● New Skoda Ming Rui RS
New car highlights: the return of classic cars

　　Since Skoda released a new generation of Ming Rui in the Czech Republic in November 2019, the preview of the new Ming Rui RS model has also been officially exposed recently. Different from the previous generation, the new Skoda Ming Rui RS will adopt a plug-in hybrid system to obtain greater power output.

　　From the appearance, the new car shows two body forms, the travel version and the car. The front face basically continues the design of the ordinary version, including the straight waterfall grille, but it has been blackened and has the vRS logo. There is no obvious difference between the headlights on both sides and the ordinary version, but the design of the fog lights and the air intake below is obviously more angular, which brings some aggression.

　　On the side of the car body, the new car still maintains the design of upper and lower double waistlines, which looks more slender. In addition, we noticed that the new car has a large petal-shaped rim design with red brake calipers, which is full of sports. In the rear part, the new car uses a lot of lines to outline, and it is more sharp. However, the new car still uses the "L" type element taillight group, which looks highly recognizable. SKODA logo in the middle, with the use of lines, the layering is very rich. In addition, the new car is equipped with two styles of exhaust decoration on both sides, which brings a certain sporty atmosphere.

　　In terms of power, referring to the released SEAT Cupra LEON, the new car will provide 2.0T gasoline engine /1.4T plug-in hybrid power system, both of which have a maximum power of 245 HP. In addition, the new car also provides a 2.0T diesel engine with a maximum power of 200 HP, and the transmission system is matched with a 6-speed manual gearbox or a 7-speed dual-clutch gearbox.

Editor’s comment:

　　A new generation of Ming Rui RS will be launched at the Geneva Motor Show. In addition to maintaining the fierce styling of a performance car, we see that the new car will be equipped with two power systems, namely a 2.0T gasoline engine and a plug-in hybrid system based on a 1.4T engine. There is only one purpose of these two power systems, that is, to improve the power output of the new car to meet its identity as a performance car. However, the reason for choosing plug-in hybrid must also be due to the comprehensive consideration of performance, durability, electrification trend and environmental protection.

　　For domestic consumers, Ming Rui RS is a familiar and unfamiliar model-familiar because the second-generation late version of Ming Rui RS was introduced to the domestic market for domestic sales, while unfamiliar because this car has been out of everyone’s sight for a long time, while the station wagon version has never been introduced. We think that the new Ming Rui RS will probably miss the China market in the future, but as a classic model of European compact performance cars, we are very happy to see its return.

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● The new SEAT LEON
New car highlights: an all-round upgrade from the inside out

　　The official map of the new generation of SEAT LEON was officially released not long ago. The new car will be launched in hatchback version and travel version, and the new car will also be officially launched at the 2020 Geneva Motor Show.

　　The appearance of the new car has been obviously changed. The three-dimensional and more recognizable middle net is matched with the headlight combination with triangle-like daytime running lights, which makes the front face of the new car sharper. Compared with the old models, the design of double waistline is replaced by a waistline running through the whole side of the car, and the sheet metal surface on the door panel has a rich curved surface design, which brings a little soft and close taste to the whole car. The most distinctive part of the newly designed rear end is the penetrating taillight, which is the second model of SEAT to use this design after Tarraco. It is worth mentioning that the smoother and smoother body reduces the drag coefficient of the new car by 8%.

　　The hatchback version is 4368 mm long, 1800 mm wide, 1456 mm high and 2686 mm wheelbase, which is 86 mm longer, 16 mm narrower, 3 mm shorter and 50 mm longer than the previous generation. The travel version is 4642 mm long and 1448 mm high, with the same width and wheelbase as the hatchback version, while the length of the car is 93 mm longer than that of the old model. The increased body length of the hatchback model should be used in the seating space. The trunk volume is still 380 liters, but the trunk volume of the travel model has increased by 30 liters, reaching 617 liters.

　　Similar to several previously released models of the same platform under the brands of Volkswagen Group, the interior of the new Seat LEON also adopts the latest instrument panel and central channel layout, while the models using dual-clutch gearboxes also adopt a small gear design. According to SEAT’s official statement, the new generation LEON is SEAT’s first model with a complete interconnection experience, so all models come standard with a 10.25-inch full LCD instrument. At the same time, the entry-level model is also equipped with an 8.25-inch central control display. If a higher version is selected, the size of the central control display will reach 10 inches. In addition, all new cars support the interconnection between Apple CarPlay and Android Auto, and have wireless charging function.

　　I don’t need to tell you that the power system of the new SEAT LEON is exactly the same as the other two models of the same class under the Volkswagen Group. These include an entry-level three-cylinder 1.0TSI engine with a maximum power of 90 or 110 HP, and a four-cylinder 1.5TSI engine with a maximum power of 130 HP or 150 HP, all of which are matched with manual or dual-clutch gearboxes. In addition, LEON also has a 2.0TSI engine for consumers to choose from, with a maximum power of 190 HP, which only matches the 7-speed dual-clutch gearbox. Of course, the 1.0TSIe and 1.5TSIe engines with 48V hybrid system will not be absent, but these two engines can only match the dual-clutch automatic transmission. At the same time, the new LEON has only two diesel engines, both from a 2.0TDI engine with a maximum power of 115 HP or 150 HP.

　　Of course, the fourth generation of SEAT LEON also has plug-in hybrid models. The 1.4TSI engine and a motor can output 204 horsepower, and the battery pack with a capacity of 13 kWh can also provide 60 kilometers of pure electric cruising range under the WLTP cycle. The new LEON equipped with the above power system will be officially launched in the second quarter of 2020, and the more powerful version of Cupra will be available in the third quarter at the earliest.

Editor’s comment:

　　Compared with Skoda above, SEAT, another brand under the Volkswagen Group, may be a lot stranger to everyone. Although this Spanish brand once briefly entered the China market, it was only a flash in the pan. As a compact car under the SEAT brand, the new SEAT LEON has been replaced for the second time since it left the China market. Compared with the previous "Hot Blood" design style, the new car’s appearance design is more fashionable, and its configuration has also been fully upgraded. The more powerful Cupra LEON has also released an official map recently. The new car is equipped with a 1.4T plug-in hybrid and a 2.0T engine with different adjustments, providing more choices for consumers who love performance.

● The new Fiat 500e
New car highlights: take the step of Fiat 500 replacement.

『Mirafiori factory』

　　FCA has completed the electrification production line of Mirafiori factory in Turin, Italy. The production line has started the trial production of Fiat 500e, which will be officially mass-produced in June 2020. In addition to producing Fiat 500e, the factory will also produce electrified versions of Maserati Ghibli, GranTurismo and GranCabrio in the future. As we all know, FCA is accelerating the transformation of electrification.

『The new fiat 500e tests spy photos.』

　　The new Fiat 500e will be built on a brand-new platform. Although the overall design looks not much different from the old one, it will be improved in performance, space and other aspects. The new car will cancel the traditional air intake grille, which will be more aerodynamic and more modern in shape.

　　The new car will also adopt a modular power battery solution to provide different capacity power batteries for consumers with different travel needs. It is also reported that the cruising range of this comprehensive working condition is 125 miles (about 201 kilometers).

Editor’s comment:

　　As mentioned above, FCA is making every effort to promote the electrification transformation of its brands, whether it is Fiat, which is positioned as an ordinary brand, or Maserati, an ultra-luxury brand. In the next 1-2 years, we will see their core models fully electrified. The release of the new Fiat 500e will also open the pace of the replacement of this classic model. It is reported that the traditional version of the new Fiat 500 will be released later, and it is possible to derive a five-door design version of Giardiniera. Let’s look forward to it.

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Kia brand-new Souranto
New car highlights: "Korea Highlander" has been fully upgraded, but the introduction is hopeless.

　　Kia has already released a brand-new official map of Souranto, which adopts the latest family-style design of Kia, and its overall style is tough and burly. The roaring middle net is connected with the LED headlight group, and a chrome-plated decorative strip wraps the headlight and the middle net, which widens the horizontal visual width of the front. On the side of the car body, the new Souranto also adopts a rigid line design, with a straight waistline extending from the headlights to the taillights. At the same time, the window frame trim behind the C-pillar and the inclined D-pillar shape also add to its fashion sense.

　　In terms of dimensions, the new Souranto has a length, width and height of 4810/1900/1700mm and a wheelbase of 2815mm. Compared with the current models, the length/width/wheelbase of the new car has increased by 10mm/10mm/35mm respectively, and it is expected that the space performance will be further improved.

　　The tail design of the new Souranto has its own characteristics, and the taillight group has a longitudinal split layout. With the vertical LED strip, it looks quite recognizable. At the same time, the shape of the tailgate panel of the new car is also very unique, and the concave and convex lines create a more rigid visual experience. At the bottom, the through chrome-plated strip and the two exhaust decorations on both sides are equipped with a lamp group (presumably reversing lamp/rear fog lamp/reflector), and the real exhaust port is hidden inside the rear enclosure.

　　In terms of interior, the center console of the new car maintains the same straight design style as the car body, and the rich horizontal lines also outline a relatively distinct layering. The interior of the new car adopts a two-color design as a whole-except for the black part above the center console, the rest are designed in the same color as the car seat and door panel, which is very classy with the atmosphere light strip, black painted panel and silver metal frame. Like most popular designs, the new Souranto is also equipped with a full LCD instrument and a central control panel, in which the LCD instrument is 12.3 inches and the central control panel is 10.25 inches, which has built-in main car entertainment and driving assistance functions.

　　In terms of power, the new car offers three power options, of which the 1.6T hybrid model has a maximum power of 230 HP and a peak torque of 350 Nm; The 2.5T gasoline model has a maximum power of 277 HP and a peak torque of 421 Nm. The 2.2T diesel engine has a maximum power of 199 HP and a peak torque of 440 Nm. In terms of transmission system, in addition to the 6-speed automatic manual transmission, some power models of the new Souranto will also match the new 8-speed dual-clutch transmission. At the end of 2020, Kia will also add a plug-in hybrid version of the new Souranto.

Editor’s comment:

　　Once upon a time, Kia Souranto/Souranto L had excellent popularity and reputation in the hearts of domestic consumers. With imported quality, spacious 7-seat space, outstanding reliability, rare diesel power at the same level and high cost performance, Souranto/Souranto L became a recommended product in the field of medium-sized SUVs. However, soon after the last imported model, Stinger, was introduced at the end of 2017, the imported Kia began to gradually withdraw from the network, and the Souranto L model also stopped selling. At present, there are no imported Kia models on sale in China market.

　　Therefore, I’m afraid the new generation of Souranto will miss the domestic market. For domestic consumers, the new Souranto can only be "just a look". Horizontally, the dominant Highlander is still selling well, and the replacement model will be made in China in 2020. At that time, its combat effectiveness will be further improved, and the status quo of dominating the same level market will probably continue.

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● New modern i20
New car highlights: exquisite small hatchback

　　In terms of appearance, the new i20 adopts a hexagonal middle net, which increases the overall area. Headlights on both sides are connected with the middle net, and there is a LED strip on the upper part. In addition, the front bumper of the new car is more sporty, and the air inlets on both sides are triangular in design, and fog lights are hidden in it. The new i20 is positioned in a small hatchback car, with a lower side and sharper body lines compared with the current one. The new car in the official map also uses a two-color body and a silver rim with complicated shapes. In terms of body size, the width of the new car has increased by 30mm and the wheelbase has increased by 10mm, which means that there will be more seating space in the car.

　　Looking at the tail, the new i20 has a more radical tail design. The triangular taillights arranged horizontally are located in the middle of the vehicle, with a penetrating light strip in the middle. Compared with the current model, the position of the rear fog lamp is more sunken. In addition, we also found that the new car is equipped with a lower spoiler, which is quite sporty as a whole.

　　Judging from the design sketch released this time, the overall interior style of the new modern i20 is young and fashionable, and its center console adopts layered design as a whole. Among them, the top is a suspended central control panel, and the outer frame is designed in an irregular shape. The modern i20 is also equipped with a full LCD instrument, which adds a sense of science and technology. In addition, the louver-shaped panel running through the center console is also conspicuous, and the air-conditioning outlets at the center and co-pilot positions are also hidden in it, while the lower air-conditioning control button area adopts a convex design, which adds a sense of fashion. At the same time, we can also see that the interior of the new car is decorated with bright yellow, which is expected to be the same color as the body.

　　In terms of power, the official has not disclosed more information, and it is not ruled out that it will increase the choice of electrification. For reference, the current i20 is equipped with a variety of power including 1.0T, 1.2L and 1.4L gasoline engines and 1.1T and 1.4T diesel engines. In addition, the new i20 is also expected to launch the N-series high-performance version, which will be equipped with a 1.6T engine with a maximum power of 200 HP.

Editor’s comment:

　　I20 is a small hatchback car owned by Hyundai brand. After replacement, the appearance of the new car is sharper, while the interior is more fashionable and the product strength is improved. However, although the i20 looks very pleasing, in view of the fact that sedan cars are the main small cars in the domestic market at present, the probability of introducing the i20 in the future will not be too great, but the hatchback car is more in line with the preferences of the European market, which is one of the reasons why it chose to launch at the European Auto Show.

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Full text summary:

　　As the first large-scale international auto show in Europe in a year, the Geneva Auto Show is always so rich and surprising. After reading two issues of "New Car Preview of 2020 Geneva Motor Show", I wonder what impressions you have left on these upcoming new cars? What kinds of cars are you looking forward to very much? Which models will be introduced into the domestic market in the future? More answers will be left to the auto show that will open in March, when car home will also bring the first report, so stay tuned! (Text/car home Information Section)

　　Zhongxin Jingwei Client September 30th (Seimi Zhang) The words "deposit" and "savings" cannot appear on the adjustment of mortgage interest rate policy, the express parcel is not allowed to be "lost" at will, the train diagram of the national railway adjustment and the insurance leaflet. September has come to an end, and in October, a number of new regulations will be formally implemented, which will affect your life and mine.

　　New national regulations

　　The new personal mortgage interest rate is adjusted according to LPR.

　　Since October 8th, the interest rate policy of housing loan has changed: the new commercial loan interest rate is formed by adding the loan market quotation rate (LPR) of the latest month as the pricing benchmark; The interest rate of two sets of commercial personal housing loans shall not be lower than the quoted interest rate of the loan market for the corresponding period plus 60 basis points; The loan interest rate for commercial housing purchase shall not be lower than the quoted loan market interest rate for the corresponding period plus 60 basis points. The interest rate policy of provident fund personal housing loan will not be adjusted for the time being.

　　The provincial branches of the central bank shall, in accordance with the principle of "making policy according to the city", determine the lower limit of the interest rate of the first and second sets of commercial personal housing loans within their jurisdiction on the basis of the unified national credit policy and according to the changes in the local real estate market situation. Banking financial institutions should reasonably determine the specific plus point value of each loan according to the lower limit of plus point.

　　Data map: Express cabinet. Zhongxin Jingwei Seimi Zhang photo

　　Express parcels are not allowed to "throw" the express cabinet at will.

　　The "Measures for the Administration of Intelligent Express Box Delivery Service" will be implemented on October 1, when the user will be given the right to choose whether the package can be put into the express box.

　　In life, people often encounter such a thing. When the recipient is not at home, many couriers will put the express parcel in the smart express box. Some couriers even put the express parcel in the express box without the consent of the recipient. At present, the intelligent express box service is not standardized and there are hidden dangers, which once became the focus of attention of all parties. In this regard, the State Post Bureau issued the "Measures for the Administration of Intelligent Express Box Delivery Service", which stipulates that the delivery of parcels in express boxes requires the consent of the recipients, and at the same time, no fees may be charged.

　　Nurseries and kindergartens cannot be built together with commercial and entertainment buildings.

　　The Ministry of Housing and Urban-Rural Development recently announced the partial revision of the industry standard "Code for Design of Nurseries and Kindergartens" (hereinafter referred to as "Code"), which will take effect on October 1, 2019.

　　The Code clarifies that at present, some nurseries and kindergartens are jointly built with commercial, entertainment and other buildings, which are prone to fire, and the joint construction with these buildings poses great hidden dangers to the safety of young children. Therefore, it is stipulated that nurseries and kindergartens can only be built together with residential, pension, education and office buildings. These buildings are relatively standardized in management and the probability of fire is relatively small. In addition, in order to ensure the safety of infants and young children, it is stipulated that independent evacuation stairs and safety exits should be set up, which should comply with the provisions of the fire protection code for building design.

　　The Regulations on the Protection of Children’s Personal Information Network will be implemented on October 1.

　　The Regulations on the Protection of Children’s Personal Information Network (hereinafter referred to as the Regulations) came into effect on October 1, which is the first special legislation on the protection of children’s personal information network in China.

　　The Regulations clarify that no organization or individual may produce, publish or disseminate information that infringes on the safety of children’s personal information. The Regulations point out that network operators should set up special rules and user agreements for the protection of children’s personal information, and designate special persons to be responsible for the protection of children’s personal information.

　　Data map: Harmony high-speed rail. Zhongxin jingwei photo

　　The new train diagram will be implemented on October 11th.

　　From 0: 00 on October 11th, the railway will implement a new train diagram, which will adjust some high-speed trains and general-speed trains, Jiaozuo — Shenzhen North G75 changed to G549, Zhengzhou East — Guilin North G425/6 times changed to G439/40 times, Beijing West — Lanzhou West G427/8 was changed to G437/8, Beijing West — Lanzhou Z75/6 times changed to Z129/30 times, Luoyang — Ningbo K428/5 and K426/7 were changed to K168/5 and K166/7 respectively. Z182/3 Shenzhen East — Linhe is adjusted to Shenzhen East — Baotou.

　　In addition, the Ningqi Railway will run through the whole line for the first time. The Ningqi Railway will run 7.5 pairs of CR200J Fuxing power centralized EMU trains, and you can sit all the way from Qidong and Haimen to Nanjing. For the first time, two pairs of bullet trains were opened from Xiamen to Meizhou, and the fastest travel time of the railway was shortened from about 5.5 hours to more than 3 hours, further strengthening the exchanges between Fujian and Guangdong.

　　The newly-built Mei (Zhou) Shan (Tou) Railway will be put into operation. At that time, the D3286/7 and D3288/5 times from Hankou (Yichang East) to Xiamen North will be extended to the west end of Meizhou, and the trains will be changed to D3286/7/6 and D3285/8/5 times. The bullet trains from Wuhan will go directly to Zhangzhou, Chaoshan, Jieyang, Fengshun, Shejiang and Meizhou for the first time.

　　Health food will pay equal attention to production and management.

　　The Measures for the Administration of the Catalogue of Health Food Raw Materials and the Catalogue of Health Functions issued by the State Administration of Market Supervision will be officially implemented on October 1st.

　　The method clarifies the procedures and paths for the formulation, adjustment and publication of the catalogue of health food raw materials and the catalogue of health functions that are allowed to be claimed, changes the situation dominated by the government in the past, allows industrial enterprises to stand in the center of the catalogue and function research stage, and greatly encourages and promotes industrial R&D and innovation.

　　Food safety sampling inspection covers vending machines and unmanned supermarkets.

　　In August this year, the State Administration of Markets issued the newly revised Administrative Measures for Sampling Inspection of Food Safety, which will be implemented on October 1, 2019.

　　The "Measures" clarify that the market supervision and management department can refer to the provisions of these Measures on online food safety supervision and sampling inspection to organize sampling inspection for food operators without actual operators such as vending machines and unmanned supermarkets.

　　In addition, the results of supervision and sampling inspection and the information related to the verification and disposal of unqualified food should be recorded in the credit files of food producers and operators as required, and the information such as administrative punishment should be collected into the national enterprise credit information publicity system according to law. If there are serious violations of law and dishonesty, joint punishment shall be implemented according to regulations.

　　The first import of prepackaged foods labels was cancelled.

　　In order to facilitate the relevant import enterprises and further optimize the business environment at the port. On October 1st, China cancelled the filing of the first import label from prepackaged foods. Prepackaged foods refers to food prepackaged or made in packaging materials and containers.

　　It is worth noting that the cancellation of filing is not the cancellation of supervision. As one of the food inspection items, the imported prepackaged foods labels are inspected by the customs in accordance with the relevant laws and administrative regulations on food safety and import and export commodity inspection. Where the imported prepackaged foods is selected by the customs for on-site inspection or laboratory inspection, the importer shall submit its qualification certification materials, original and translated labels imported into prepackaged foods, Chinese label samples and other certification materials to the customs officers.

　　The customs suggests that consumers should try to buy imported food from formal channels, and they can ask the merchants for the Inspection and Quarantine Certificate of Entry Goods when purchasing. If consumers find that the imported labels from prepackaged foods are suspected of violating relevant regulations, they can report to the customs department.

　　Data Map: China Banking and Insurance Regulatory Commission. Zhongxin Jingwei Zhang Yihua photo

　　The words "deposit" and "savings" cannot appear on the insurance leaflet.

　　On August 27th this year, the official website of China Banking and Insurance Regulatory Commission released the Measures for the Administration of Commercial Banks’ insurance agency business (hereinafter referred to as the Measures), which regulated many details of commercial banks’ insurance agency business and came into effect on October 1st.

　　According to the Measures, all kinds of insurance documents and publicity materials should be obviously different from bank documents and publicity materials in terms of color, style and materials, and the Chinese and English words with the name of a commercial bank or the image logo of a commercial bank should not be used, and the words "deposit", "savings" and "jointly launched with the bank" should not appear.

　　Combined declaration of urban land use tax and property tax

　　Recently, State Taxation Administration of The People’s Republic of China issued the Announcement on Revising the Declaration Form of Urban Land Use Tax and Property Tax (hereinafter referred to as the Announcement). Since October 1, 2019, urban land use tax and property tax have been declared together.

　　The Announcement clarifies that the tax return, detailed tax reduction and exemption return and tax source list of urban land use tax and real estate tax will be merged into the tax return of urban land use tax and real estate tax, detailed tax reduction and exemption return of urban land use tax and real estate tax, and detailed tax source list of urban land use tax and real estate tax.

　　Data map. Zhongxin Jingwei Seimi Zhang photo

　　New local regulations

　　Hebei: Individual rental housing is subject to income tax of 5%-10% of the rent.

　　Hebei Provincial Taxation Bureau has standardized and improved how to pay individual income tax on individual rental housing in Hebei Province. If individual rental housing cannot provide cost, income tax will be levied at 5%-10% of rental income, and the new regulations will be implemented as of October 1.

　　Hebei stipulates that if an individual rents (sublets) a house and cannot provide legal and accurate proof of the cost and expenses, and cannot accurately calculate the cost and expenses of renting the house, the taxable income shall be verified within the range of 5%-10% of the rental income. The specific application ratio shall be determined by the municipal tax authorities. The municipal tax authorities refer to all districts and cities (including Dingzhou and xinji city) and xiong’an new area Taxation Bureau.

　　Official website, Hainan Provincial Housing Provident Fund Administration. Zhongxin Jingwei Seimi Zhang photo

　　Hainan: Adjustment of Renting and Withdrawing Provident Fund Business

　　From October 1st, Hainan clarified the definition standard of employee’s renting land and the number of months of renting, and reiterated that rental housing should have legal ownership requirements, further curbing the problem of paying employees’ fictitious renting consumption behavior to take housing provident fund.

　　Hainan stipulates that employees withdraw the housing provident fund to pay the rental. If the employee’s deposit place has not changed within the validity period of the rental withdrawal dating back one year from the date of issuance of the certificate of no housing, it is determined that the deposit place of the housing provident fund is his rental place, and the actual number of months that can be withdrawn from renting a house does not exceed the number of months of deposit; During the validity period, if the employee’s deposit place changes, the rental place shall be determined according to the deposit place, and the actual number of months that can be extracted from the rental house shall not exceed the number of months that the rental place is determined by the section; During the period of validity, if the employees stop paying, the rental place during the period of suspension will be determined according to the continuous deposit place before the suspension, and the number of months of suspension can be included in the actual rental months; The precondition that employees must pay in full for 3 months in a row when handling the rental withdrawal business refers to the deposit behavior that employees pay in full for 3 months every month when applying for rental withdrawal. Repayment is not recognized as continuous deposit.

　　Guangxi: Self-heating food is prohibited on trains.

　　The Regulations on Railway Safety Management in Guangxi Zhuang Autonomous Region (hereinafter referred to as the Regulations) will be officially implemented on October 1st.

　　The "Regulations" put forward clear requirements for passengers’ behavior, and included 14 kinds of behaviors that endanger the order and safety of railway stations and cars, such as dominating seats, staying on the platform, crossing the platform, using self-heating food, and spreading rumors. In addition, the "Regulations" also clarify that if passengers commit acts that endanger railway safety, they will be included in the untrustworthy system.

　　In addition, flying drones and flying kites within 500 meters along the railway and building plastic greenhouses in railway protected areas are prohibited.

　　Qinghai: The Measures for the Mediation of Price Disputes in Qinghai Province came into effect on October 1st.

　　On October 1st, the first provincial government regulation on price dispute mediation in Qinghai Province, the Measures for Price Dispute Mediation in Qinghai Province (hereinafter referred to as the Measures), will be officially implemented.

　　The Measures stipulate the subject, conditions, scope and time limit of price dispute mediation. The conditions of mediation include four aspects: "matters that fall within the scope of price dispute mediation, the parties to the dispute agree to mediation, have a direct interest in the disputed matters, and have clear mediation requests, reasons and factual basis". The "Measures" also stipulate that the mediation of price disputes should adhere to the principle of efficiency, and in general, it should be completed within 45 days from the date of acceptance.

　　Qingdao: "Reducing the certificate to facilitate the people", the administrative organ may not ask for the certificate repeatedly.

　　The Interim Provisions of Qingdao Municipality on the Administration of Certification Matters (hereinafter referred to as the Interim Provisions) shall come into force on October 1st. It is reported that the "Interim Provisions" have innovatively standardized many aspects of the management of certification matters, which is the first in China.

　　The "Interim Provisions" stipulates that citizens, legal persons or other organizations have submitted certificates that have entered the handling process when handling relevant matters, and the administrative organs responsible for the follow-up of the same government service matters shall not require citizens, legal persons or other organizations to provide them repeatedly.

　　Taiyuan: Ethanol gasoline will be widely used from October.

　　From October 1st, Taiyuan will fully promote the use of ethanol gasoline for vehicles. All gas stations are prohibited from selling non-vehicle ethanol gasoline to end users (except for military special needs and national and special reserve oil), and all vehicles will be sold ethanol gasoline instead.

　　According to the notice issued by the Shanxi provincial government, in order to further optimize the energy structure, reduce the emission of automobile exhaust pollutants and improve the ecological environment, Shanxi will promote the use of ethanol gasoline for vehicles step by step in the province, and pilot projects will be carried out in Taiyuan, Yangquan, Changzhi, Jincheng and other cities involved in the Beijing-Tianjin-Hebei air pollution transmission channel in 2019. (Zhongxin Jingwei APP)