[Doing Five Great Articles to Promote High-quality Financial Development]

　　Author: Dong Zhi (Vice President of Peking University, Dean of School of Economics)

　　The Central Financial Work Conference held a few days ago put forward that "finance should provide high-quality services for economic and social development" and "do five major articles on technology and finance, green finance, inclusive finance, pension finance and digital finance", which pointed out the direction for China’s financial services to the real economy. As the first of the "Five Great Articles", doing a good job in technology and finance’s great article not only shows that the Party and the country attach great importance to scientific and technological innovation, but also shows that science and technology, as the primary productive force, plays an important role in economic and social development, and it also shows that technology and finance plays an important role in promoting high-level scientific and technological self-reliance.

　　1 fully understand the significance of doing a good job in technology and finance’s great articles.

　　Technology and finance refers to a series of financial activities of scientific and technological innovation in financial services and the development of scientific and technological enterprises. It is the product of deep integration of scientific and technological innovation and financial innovation, involving financial system, financial policy, financial model, financial products and other aspects. Doing a good job in technology and finance’s great article is an inherent requirement for China to enter a new stage of development, implement new development concepts, and build a new development pattern. It is also the need for finance to achieve high-quality development and achieve the goal of becoming a financial power.

　　Lay a solid foundation for realizing a strong country through science and technology. Innovation is the first driving force to lead development, and finance is the blood of the development of the real economy. On the one hand, technology and finance has expanded the financing channels of scientific and technological innovative enterprises, reduced the risk of financial exclusion of scientific and technological innovative enterprises, and effectively improved their scientific and technological innovation capabilities. Flexible and diversified financing methods are particularly obvious in supporting long-term and difficult scientific and technological innovation; On the other hand, technology and finance can provide innovative financing incentives for enterprises, cultivate their innovative consciousness in the field of actual production and service, promote the transformation of old and new kinetic energy, optimize the structure of the real economy and improve the overall economic benefits.

　　Inject strong impetus into building a financial power. The development of technology and finance can promote the formation of the innovation ecosystem of the real economy and the financial industry at the same time, which not only provides a more favorable environment for scientific and technological innovation, but also provides a platform for orderly competition in the financial industry. Through diversified financing methods, technology and finance provides full-chain, full-life financial services for science and technology enterprises, which not only promotes scientific and technological enterprises to carry out R&D innovation activities and transform scientific and technological achievements, but also reduces the tendency of funds to be divorced from reality. In addition, the development of technology and finance has also built a platform for financial institutions to achieve innovative competitive development. Excellent technology and finance institutions should be able to quickly and effectively identify science and technology-based enterprises with technology transformation capability and market potential, and also provide multi-level services in finance, operation, R&D and even industrial chain integration.

　　Provide a strong guarantee for independent development. At present, the world’s great changes in the past century have accelerated its evolution, a new round of scientific and technological revolution and industrial transformation has developed in depth, and the international power has been profoundly adjusted. Major countries have regarded scientific and technological innovation as the main battlefield of the international strategic game, and the competition around the commanding heights of scientific and technological innovation has been unprecedentedly fierce. China’s development has also entered a period in which strategic opportunities and risk challenges coexist and uncertain and unpredictable factors increase. The sound development of technology and finance can effectively help independent research and development, ensure the stability and security of China’s industrial chain and supply chain, accelerate the deployment of innovation chain around the industrial chain, and escort the self-reliance and self-improvement of science and technology.

　　2 The current development trend of technology and finance in China

　　In recent years, China’s high-tech industry has developed vigorously. By the end of the third quarter of 2023, China had cultivated 103,000 specialized and innovative small and medium-sized enterprises, and 178 national high-tech industrial development zones achieved a total industrial output value of 23.5 trillion yuan. The proportion of high-tech industries has been expanding, and high-tech manufacturing has accounted for 15.3% of the added value of industrial enterprises above designated size. How to use financial services to boost the development of high-tech industries and optimize the national economic structure has become a key issue that macro-economy must answer to achieve high-quality development. In this context, China attaches great importance to the construction of technology and finance system, actively promotes the deep integration of finance and science and technology, and gives full play to the synergistic role of market and government in the development of technology and finance. It has not only initially established a diversified service system in technology and finance, including venture capital, stock market, bond market and bank credit, but also formed a market-oriented support system represented by government-guided funds to promote the development of technology and finance. technology and finance’s development has achieved remarkable results.

　　By the end of June 2023, the management scale of venture capital and private equity investment funds in China was nearly 14 trillion yuan, and hard technology enterprises became the hot target of equity investment. Science and technology innovation board injected a strong impetus into the development of science and technology enterprises, successfully promoted more than 500 enterprises to realize IPO, and raised nearly one trillion yuan; Beijing Stock Exchange strives to promote the formation of a full-chain service system to support the innovation and development of small and medium-sized enterprises, and has become the main position to build innovative small and medium-sized enterprises with services. Among them, more than 80 enterprises have been selected into the national list of "Little Giant" enterprises with specialization and innovation, and over 80% of the companies have been selected into the list of provincial and municipal enterprises with specialization and innovation. In addition to equity financing, technology and finance’s related debt financing has also increased significantly, with the balance of Kechuang bills and Kechuang corporate bonds of about 450 billion yuan, and the balance of medium and long-term loans for high-tech manufacturing, loans for small and medium-sized science and technology enterprises and loans for "specialized and innovative" enterprises of 2.5 trillion yuan, 2.36 trillion yuan and 2.72 trillion yuan respectively, maintaining a growth rate of over 20% for many years. In addition, in order to effectively solve the information asymmetry between science and technology enterprises and financial institutions and the financing difficulties of science and technology enterprises, since 2020, the Torch Center of the Ministry of Science and Technology has launched an enterprise innovation point system to "portrait" the innovation ability of enterprises through the form of innovation points, identify and discover science and technology enterprises with strong innovation ability and great growth potential, and encourage financial institutions to provide credit support in combination with scientific and technological innovation evaluation.Guide local governments to open up direct channels for fiscal, taxation, science and education, industry, finance and other policy resources to support enterprise innovation.

　　With the rapid ecological progress in technology and finance, China, the government-guided fund has played an important role in promoting scientific and technological innovation and promoting the structural reform of the financial supply side. By the third quarter of 2023, governments at all levels had set up 1,557 government guidance funds, with a management scale of nearly 3 trillion yuan. The investment field focused on cutting-edge technology, of which funds led by strategic emerging industries accounted for 50%, which played an increasingly prominent role in promoting scientific and technological progress and promoting regional development.

　　3 to cope with the challenges facing the development of technology and finance.

　　To do a good job of technology and finance’s great article needs to be rooted in the national conditions. We should not only understand the inherent characteristics of finance, but also grasp the development law of scientific and technological innovation, and rationally treat the difficulties and challenges faced by technology and finance in its development process.

　　First of all, based on the current situation of China’s financial development, we must explore the road of high-quality development in technology and finance by promoting the mutual complement of direct financing and indirect financing, and uniting multi-channels to support scientific and technological innovation. China’s financing structure has been dominated by indirect financing for a long time, and credit assets account for more than half of the total financial assets. However, scientific and technological innovation, especially some frontier scientific and technological innovation projects, often involve a lot of investment, a long period of time and high risks, and there is great uncertainty in research and development results, so it is difficult for indirect financing to meet the demands of scientific and technological innovation enterprises for capital and financial risk management at the same time. Indirect financing takes creditors’ fixed interest income as economic incentive, and lacks innovative benefit sharing mechanism, and financial institutions providing indirect financial services also lack the motivation to share innovative risks. The intrinsic value of science and technology enterprises is more reflected in the intangible assets formed by innovation, such as technological advantages, patents, intellectual property rights, etc. It is more difficult to evaluate their assets, and they often do not have the conditions to obtain financing through mortgage loans of tangible assets. However, the financing demand for technology transformation is expanding rapidly, which will lead enterprises to face the problems of financing difficulties, expensive financing and slow financing.

　　Secondly, the development of technology and finance not only needs financial institutions to closely contact professional scientific research institutions, but also needs the government to fill the weak links in the system from the aspects of rule of law, finance and taxation, scientific research, credit and talents, and improve the support and guarantee for the development of technology and finance. Financial services must weigh the benefits and risks, but technological innovation itself has great risks. Scientific and technological innovation not only faces a long innovation chain and transformation chain, but also faces the increasing change of science and technology, and the innovation results may be born behind. Moreover, the complexity of scientific and technological innovation leads to the prominent problem of information asymmetry between science and technology-based enterprises and financial institutions. It is often difficult for financial institutions and even government departments to effectively assess the technological risks of science and technology-based enterprises, and it is easy to cause institutional arbitrage due to information asymmetry, which ultimately affects the accuracy of technology and finance’s services.

　　Finally, the development of technology and finance urgently needs to strengthen the overall planning and policy coordination, and the relevant regulatory authorities need to rationally and objectively look at and steadily promote the development of technology and finance. First, in recent years, the state has issued a series of policies to support scientific and technological innovation and the development of technology and finance, but the policy support system is not accurate enough, which leads to difficulties in policy implementation, which not only increases the burden of government expenditure, but also distorts reasonable innovation incentives. Second, when large-scale scientific and technological innovation enterprises become the service targets of the financial industry, the inherent R&D risks of scientific and technological innovation will also be transformed into financial risks. At the moment when the development trend of interdisciplinary and cross-border infiltration is more obvious, the scientific research organization model of division and governance cannot be rapidly transformed, which will also increase the backward risks of related scientific and technological innovations.

　　4 Identify the path of action to promote the development of technology and finance.

　　To effectively guide the financial industry to serve China’s scientific and technological innovation, we should not only co-ordinate the overall situation at home and abroad, make full use of the domestic and international markets and resources, but also co-ordinate the two major events of development and security, prevent the risks brought by technology and finance while promoting the high-quality development of technology and finance, and effectively identify the right path of action.

　　First, improve relevant institutional mechanisms and establish a diversified technology and finance system. A perfect multi-level capital market is the market foundation for technology and finance’s high-quality development. We should further improve the listing and trading systems of GEM, science and technology innovation board and Beijiao Stock Exchange, as well as the listing and trading systems of the New Third Board and regional equity markets, so as to provide more financing channels for scientific and technological innovation enterprises. Guide and support all kinds of financial institutions to carry out technology and finance services, encourage financial institutions to innovate financial products and services, guide and support equity investment institutions to carry out scientific and technological investment business, meet the financing needs of different types of scientific and technological innovation at different stages, and provide more financial support for scientific and technological innovation enterprises. The government should increase the research and investment in scientific and technological innovation, keep up with the cutting-edge scientific and technological direction, and work with the market to screen out scientific and technological innovation tracks with technical and market potential. Increase the input of government guidance fund in a timely manner to improve its guidance effect and leverage. The healthy development of government-guided funds can not be separated from a perfect exit mechanism. We should design a reasonable income distribution scheme on the basis of improving investment decision-making ability to ensure that government-guided funds can achieve their own sustainable development while supporting scientific and technological innovation and industrial upgrading.

　　Second, promote the deep integration of technological innovation and financial innovation, and realize the coordinated development of technology and finance. On the one hand, adapt to the financial needs of technological innovation and promote technological innovation with financial innovation. The financial system should provide all-round financial services for technological innovation, encourage traditional financial institutions to innovate financial products and services, and support financial institutions to cooperate with technological innovation enterprises to jointly develop innovative financial products and services. On the other hand, accelerate the financial sector to embrace cutting-edge technology and empower financial services with technological innovation. Financial institutions accelerate digital transformation and adopt advanced scientific and technological means, which can improve the efficiency of financial services and provide broader development space for scientific and technological innovation, and use financial and technological means such as data credit enhancement, corporate portrait and technical patent evaluation to broaden financing channels for scientific and technological enterprises.

　　Third, enhance the support and guarantee capacity of technology and finance’s policies and improve the supporting system of technology and finance’s development. In terms of basic guarantee, the foundation of technology and finance’s high-quality development lies in the continuous improvement of relevant supporting infrastructure systems, including technology and finance information platform, science and technology patent database and technology and finance service platform, so as to provide necessary technical support and infrastructure guarantee for the development of technology and finance. Among them, the construction of technology and finance-related credit information system is the key. We should focus on establishing a perfect credit system in technology and finance, including the credit information publicity system of scientific and technological enterprises and the basic database of personal credit information, actively promote the sharing of credit information among financial institutions, credit reporting agencies and public institutions, break down the information barriers, and jointly provide more comprehensive and accurate credit information support for technology and finance. The government pays attention to providing a series of support policies, such as financial support, tax incentives and credit support, to increase the training and introduction of talents in technology and finance.

　　Fourth, improve the level of risk management and supervision in technology and finance to ensure the healthy and sustainable development of technology and finance. First, strengthen the risk management capabilities of financial institutions. Financial institutions should not only adapt to the development trend of technology and finance, clarify the risk management objectives and strategies, strengthen risk identification, evaluation and control, and ensure that the business risks in technology and finance can be controlled, but also strengthen the monitoring and early warning of the business in technology and finance, so as to find and deal with potential risks in time and prevent the risk from spreading and spreading while accelerating the construction of the risk firewall system. Actively promote the application of scientific and technological innovation in risk management, empower the development of technology and finance with financial scientific and technological innovation, and improve the efficiency and accuracy of risk management. Secondly, increase support for science and technology insurance and guarantee, encourage and support insurance companies and guarantee institutions to carry out science and technology insurance and guarantee business, and provide risk protection for science and technology innovation enterprises. Finally, constantly improve the supervision system in technology and finance, establish supervision rules and standards suitable for the development of technology and finance, ensure the effectiveness and fairness of supervision, coordinate development and safety, and form a joint force of government guidance, market operation and social participation to jointly promote the healthy and sustainable development of technology and finance.

　　Guangming Daily (11th edition, December 19th, 2023)

On the morning of January 6th, the commissioning ceremony of Yunnan Pu ‘er State-owned Organic Tea Co., Ltd. was held. Wang Gang, Deputy Secretary of Pu ‘er Municipal Committee and Mayor, Chen Yunzhong, Deputy Secretary, Vice Chairman and General Manager of Yunnan Yunken Group, attended the ceremony and delivered speeches. Ren Yuanzheng, Deputy Secretary of the Municipal Committee and Minister of Propaganda Department of the Municipal Committee, presided over the ceremony.

In his speech, Wang Gang, on behalf of the Municipal Party Committee and the Municipal Government, expressed warm congratulations on the project’s commissioning and heartfelt thanks to Yunnan Agricultural Reclamation Group, which has long supported the development of Pu ‘er. He said that the Pu ‘er Municipal Party Committee and the Municipal Government have always attached great importance to the development of the tea industry, promoted the organic tea industry base, standardization of processing, enterprise intensification and market branding, promoted the integration of tea and tourism, and realized the integrated development of the whole industry chain. The tea industry in the whole city has shown a sustained and good development momentum and has become the largest organic tea production base in China. The cooperation between Pu ‘er and Yunnan Agricultural Reclamation Group has a long history, and the two sides have jointly met many challenges, shared many opportunities and achieved many win-win results. We sincerely hope that Yunpu Guocha Co., Ltd. will help Pu ‘er to upgrade the tea industry, develop tea technology and revitalize tea culture from the completion and commissioning of this project, and strive to become an industry leader, standard setter and resource integrator of Pu ‘er organic tea industry, better integrate into the "100 billion-level cloud tea industry" and promote the high-quality development of Pu ‘er tea industry.

In his speech, Chen Yunzhong said that Pu ‘er is famous for its tea, prospering the city with tea and enriching the city with tea, and the tea industry has become the first pillar industry for economic development, farmers’ income increase and rural revitalization in Pu ‘er. Yunnan Agricultural Reclamation Group adheres to the mission of "green agriculture, serving the country and benefiting the people", practices the responsibility of "land reclamation and win-win development", bases itself on Pu ‘er, deeply cultivates Pu ‘er and develops its industry. We will always focus on the "3815" strategic development goal of the provincial party committee, focus on the intensive processing project with an annual output of 2,000 tons of organic tea, promote the green and organic development of the tea industry, promote the integrated development of the primary, secondary and tertiary industries, synchronize the ecology with the industry, make cooperation and development at the same frequency, realize "developing one industry, driving one side’s economy and enriching one side’s people", and make a land reclamation to promote Yunnan’s transformation from a "big tea province" to a "strong tea province".

According to reports, on August 17, 2020, the Pu ‘er Municipal People’s Government and Yunnan Agricultural Reclamation Group signed the "Pu ‘er Organic Tea Industry Cooperation Agreement", and the two parties jointly established Yunnan Pu ‘er State-owned Organic Tea Industry Co., Ltd. Since its establishment, the company has relied on the advantages of organic tea resources in Pu ‘er City, in accordance with the development model of "big industry+new subject+new platform", in order to grasp the organic, create famous brands, raise leading players, occupy the market, build platforms and achieve both production and finance.

At the ceremony, Yunpu Guocha Co., Ltd. signed a sales agreement with Zhejiang Cangsheng Technology Group Co., Ltd. and other enterprises, and signed 26 raw material procurement contracts with major tea producing areas in Pu ‘er City. The leaders and guests attending the meeting visited the site of deep processing and production of organic tea.

Hu Guoyun, Tian Yang, Chen Qi, heads of relevant departments directly under Pu ‘er Municipality and Simao District, relevant leaders of Yunnan Agricultural Reclamation Group and heads of departments and enterprises attended the commissioning ceremony.

Author Zangling Liang Ruiqin

Editing Cao Qihan

Supervisor Hu Xueying

Original title: Yunnan Puguo Tea Co., Ltd. put into production the intensive processing project of organic tea with an annual output of 2,000 tons.

　　CCTV News (news broadcast): With the arrival of the New Year’s holiday, there is sufficient supply of goods in various markets, stable price operation and strong consumer demand.

　　On the first day of New Year’s Day holiday, traditional Chinese New Year’s goods such as flaming lanterns, cartoon ornaments of the Year of the Dragon and red Chinese knots were put on the shelves in Nanchang, Jiangxi Province, and the festive atmosphere attracted the public to buy them.

　　The flower market in Qian ‘an, Hebei Province has also ushered in the peak season of sales. Colorful Phalaenopsis and flaming azaleas decorate the holiday market.

　　Now is the season when a large number of citrus fruits are on the market. Regardless of the southern and northern markets, raked oranges, tangerines and sugar oranges have become consumers’ favorite.

　　During the festival, local commercial departments also strengthened the market monitoring of daily necessities, smoothed the circulation links, and ensured the sufficient supply of various daily necessities. In Jiangsu, leading enterprises in circulation actively connect with the "vegetable basket" production base; In Anhui, launch a new round of "Huimin Vegetable Basket" fair-price sales activities; In Hubei, key commercial outlets extend their business hours to meet the consumption needs of residents during the holiday season.

　　According to the data of the market operation monitoring system of the Ministry of Commerce, recently, the inventory of daily necessities in wholesale markets and supermarkets has increased in different degrees. Due to the influence of low temperature, rain, snow and freezing in the north, the price of vegetables in the region has increased, the price of eggs has dropped slightly, and the prices of other varieties are generally stable.

　　Original title: 2023 Foreign student exchange activities in Guangdong were held in Guangzhou, with nearly 1,000 foreign students from 60 countries participating.

　　On December 18th, 2023, "Charming Guangdong Helps Me Realize My Dream" was held in South China Agricultural University. The event attracted nearly 1,000 foreign students from 60 countries to participate. In the end, three programs, The Road to Dreams by Shenzhen University, Chinese by South China University of Technology, and Youth of Lu Ge by South China Agricultural University, won the first prize of this activity.

　　In the cultural performance, 17 programs from 10 universities in the province appeared in turn, fully demonstrating the youthful vitality and elegance of international students. In August this year, Duo Ruirui, a Russian student from South China University of Technology, went to Pingyuan County, Meizhou City to carry out social practice activities such as research and teaching. In the program, they put what they saw and heard in Pingyuan on the stage, telling their stories about China and the countryside.

　　"In addition to teaching, I took primary school students to play traditional Russian games. Their bright smiles gave me a dream." Duo Yurui said: "I hope to bring China’s experience in building beautiful countryside back to my motherland after graduation and do my bit for the friendly development of China and Russia."

　　Raphael, an international student at Guangzhou University of Chinese Medicine, has a special liking for China Wushu. He started studying Wushu at the age of 15 and has won many international Wushu competitions. On the stage, he showed the strength and beauty of China Wushu with a flowing performance; The International Choir of Shenzhen University brought "The Road to Dreams" by Shen Wenxie, a Korean student in Shenzhen University, and cooperated with the sand painting performance, telling the moving story of young people from all over the world who formed deep friendship and grew into useful people when studying in China, and expressing the expectation of international youth to jointly build "the belt and road initiative" to help individuals realize their dreams.

　　It is reported that "Charming Guangdong Helps Me Realize My Dream" has been successfully held for six times in the exchange activities for foreign students in Guangdong, and it is an international cultural exchange activity brand for foreign students in Guangdong. The activity takes cultural performances as the carrier to build a platform for overseas students to understand and learn Chinese excellent traditional culture and Lingnan culture, to know China, to tell about their life in Guangdong, and to promote cultural exchanges and integration among countries. (Nanfang Daily reporter Yu Jiamin correspondent Zhu Ling)

A few days ago, Qilu No.1 Experimental Primary School held a Chinese-foreign cultural exchange activity with the theme of "small hands and big hands, together with the future". The activity invited 20 international students from Egypt, Pakistan, Bangladesh and other countries to the school to have cultural exchanges with more than 200 teachers and students. During the activity, the international students shared their festivals, diets and customs, while the students listened carefully and interacted actively, and the atmosphere was warm.

According to Agence France-Presse reported on December 14th, the White House said on the 14th that the United States hoped that the war between Israel and Hamas would end "as soon as possible". Earlier, the Israeli Defense Minister told visiting US Presidential National Security Assistant jack sullivan that the war would continue for several months.

John Kirby, spokesman for the White House National Security Council, said that during his visit to Tel Aviv, Sullivan also discussed the issue of changing Israel’s military operations in Gaza into "low-intensity operations" in the near future.

According to the report, the rising number of civilian casualties in the Gaza Strip has deepened the contradiction between the two allies of the United States and Israel.

Kirby said at the press conference: "I think we all hope that the war will end as soon as possible." He also claimed that if Hamas gave in, the war "could end today", but "it seems unlikely now".

Kirby said that the US government has not "imposed demands" on Israel, and the timetable given by Israeli Defense Minister Joyaf galante is "consistent" with the previous statements of many Israeli officials.

However, the spokesman also said that during his visit to Israel, Sullivan raised "sharp questions" to Israeli officials about Israel’s offensive plan.

Kirby said: "Sullivan did talk about the possibility of transitioning from high-intensity actions we are seeing to low-intensity actions in the near future. But I don’t want to give a timetable for this. "

The Israeli Prime Minister told the United States: Continue to fight until "absolute victory."

According to a report by Reuters on December 14th, according to a statement issued by the office of Israeli Prime Minister Benjamin Netanyahu, Netanyahu told visiting US Presidential National Security Assistant jack sullivan on the 14th that Israel would continue its war against Hamas until it "won an absolute victory".

According to reports, Netanyahu said that he and Sullivan discussed regional threats, including Iran’s agent Hezbollah in Lebanon and its agent Houthi in Yemen, to ensure the safe return of hostages held by Hamas and continue to provide humanitarian assistance to civilians in Gaza.

The statement reads: "I told our American friends that our heroic soldiers did not fall in vain. Inspired by the deep sorrow of their fall, we will continue to fight more resolutely than ever before until Hamas is eliminated-until we win an absolute victory. "

According to a report by DPA on December 14th, Hamas leader ismail haniya pointed out in his speech on the evening of 13th that all post-war plans in Gaza Strip excluding Hamas are "fantasy" and "delusion".

Chana also confirmed that he was willing to negotiate "all proposals or initiatives to end this aggression".

Chana said that Hamas is willing to hold talks on a possible political path to "ensure the right of the Palestinian people to have an independent state with Jerusalem as its capital".

Editor-in-Chief: Zhao Hanlu

Text Editor: Fang Ying

Author: Reference News

Source: Xinhua News Agency

Photo Editor: Zhu Ying

Special feature of 1905 film network In 2023, the Dragon Boat Festival entered the countdown and won at the starting line. At present, the total box office of the two films is more than 20 million, making them the top seed players.

With the opening of the Dragon Boat Festival, the balance in June is insufficient. In July, which played a connecting role in the summer file, with the addition of two foreign films, the lineup of films was more abundant.

Up to now, in 2023, many imported films have been booked and released in China. Coupled with a number of domestic blockbusters previously scheduled, the box office of the summer file in 2023 will return to the era of 10 billion.

Filmmakers hope that all the films in the schedule will sell well.

It has become normal for the imported movie "Bao Tuan" to land in the first month of the summer file.

The same is true in 2023, with 9 foreign films scheduled for June. Among them, "Transformers 7", "Speed and Passion 10" and many other foreign films are temporarily in the TOP10 of the single-chip box office list in June.

"First of all, many films are scheduled in North America in the summer, and the simultaneous release in the mainland can guarantee the box office revenue of the films. If they are shown later, the pirated resources will be leaked in advance and the plot will be spoiled." Cheng Fei, CEO of Top Data, shared his views on the phenomenon that many imported films choose to be released in summer. He admits that the summer file has a time span of three months, and for imported films, there is plenty of room for box office.

According to the statistics of Top Data’s summer box office in recent years, the primary factor for imported movies to achieve high box office during this period is the quality of film content. For example, in early May, under the premise of serious loss of foreign film audience, with excellent reputation, it achieved almost the same box office results as the previous film. At present, the film has exceeded 36.6 million yuan, ranking 9 th in the single box office list of the mainland film market in June.

Secondly, IP size is also an important factor affecting the box office performance of foreign films in summer. For example, Speed and Passion 10, which is being released, has won a cumulative box office of nearly 1 billion yuan with IP blessing, although its reputation is average.

At present, 20 films have been scheduled in July 2023. In terms of imported movies, Mission Impossible 7 has a high degree of market recognition. In terms of domestic films, etc., the online ticketing platform wants to see the top number of people.

Among these films, Cheng Fei said that "the box office of domestic films is greatly influenced by word of mouth, and the word-of-mouth feedback of the premiere of" octagonal cage "is positive; The "Enthusiasm" unveiled at the Shanghai Film Festival has received rave reviews in the industry; There is no word-of-mouth exposure in the production level, showing a large temperament; It attracted a large audience on the streaming media platform. " In terms of imported films, "Mission Impossible 7" was praised by overseas media in the early stage, or became the box office champion of imported films in summer.

For the cinema, the summer file is also an important schedule that affects the annual revenue.

"I think as a filmmaker, I may prefer to sell all the films in the schedule. After the epidemic, the whole industry is working hard from top to bottom. We don’t want only one explosive movie in a schedule, because one explosive can’t support the whole schedule. " Cai Xiaoxue, director of operation of UME Studios, bluntly said that the efforts of all parties in the film industry are aimed at creating a win-win situation of "letting a hundred flowers blossom and a hundred schools of thought contend". Only when the schedule is good can the market remain dynamic.

At present, the 2023 summer movie list can be described as colorful. Cai Xiaoxue believes that this film list can attract more main moviegoers to enter the cinema. According to the characteristics of the scheduled passenger flow, UME Studios also launched preferential movie viewing activities for students and graduates.

Summer box office may return to the era of 10 billion

In 2019, it became a watershed in the summer box office of the mainland film market.

Since 2015, the overall box office of this period has exceeded the 10 billion mark for five consecutive years and reached a record high of 17.778 billion yuan in 2019. Since then, affected by the epidemic, the box office of the summer file fell to 7.181 billion yuan in 2021 and rose to 9.135 billion yuan in 2022.

By 6: 00 pm on June 20th, the box office of summer file in 2023 had reached 1.66 billion yuan, exceeding the level of the same period last year. In July, due to the rich types of films in the market and the balanced volume, the box office in a single month is expected to create a new high after the epidemic. August, etc., with a certain market recognition.

In this context, the summer file in 2023 is expected to return to the era of billions.

"The first mainland box office of the Megalodon series produced by our Chinese film industry sold for 1 billion yuan. The second new combination with Jason Statham will make the potential audience base even larger. " Cai Xiaoxue admits that he is full of confidence in the return of the summer file in 2023 to the era of 10 billion box office. In the August film list, she believes that Megalodon 2: Abyss can have a good box office performance.

Cheng Fei also believes that it is easier for the summer box office to exceed 10 billion in 2023, but it is difficult to challenge the best results in 2019. At the same time, he also admitted that the market could not reach the best level in history overnight and needed a gradual process. According to Top Box Office Forecast System, the summer box office in 2023 is expected to fluctuate from 11 billion yuan to 13 billion yuan.

As we all know, July and August have become the main ticket warehouses for summer files. According to statistics, in the last five summer vacations, July and August won the monthly box office champion for two times and three times respectively. With the coming of these two months, the competition in the summer movie market will become more intense.

In the summer of 2023, audiences hope to see more excellent films, and filmmakers hope to see more win-win situations. The upcoming Dragon Boat Festival will also set off a wave of movie climax.