Economics

At the first Shanghai International Carbon Neutrality Expo, various "zero carbon" booths emerged one after another, but most of them were achieved through purchasing carbon emissions. This is also true for various "zero carbon vegetables", "zero carbon homes" and other products on the market. However, in fact, to truly achieve overall carbon neutrality in society, purchasing carbon emissions is far from enough, and it relies more on "one plus one reduction" such as decarbonization and energy enhancement, as well as daily carbon reduction behaviors. Subtraction: Greener production lines serve as the "big head" of decarbonization, and the energy, chemical, and manufacturing industries have always been key areas for carbon neutrality. The latest report from the International Energy Agency indicates that the carbon emissions of the global power industry currently account for about 40% of the total carbon emissions, and it is expected to stabilize in the future. There is a popular saying in the thermal power generation industry that "reducing coal consumption by 10 grams per kilowatt hour is a new generation technology.". early

If a green factory is described as "standing out on its own", the green supply chain is "full of spring scenery". At this time, the "supply chain owner" must bravely become the "green value chain leader". At the first Shanghai International Carbon Neutrality Technology, Products and Achievements Expo being held in Shanghai, the North Asia headquarters of global beauty giant L'Oreal, in conjunction with 10 strategic suppliers, jointly issued a "Low Carbon, Not Low key" carbon reduction declaration, committed to building a green supply chain and promoting full value chain carbon reduction. The 10 strategic suppliers are Cainiao Group, Microsoft China, Huaxi Biotechnology Co., Ltd., Shanghai West Air Qidong Daily Chemical Co., Ltd., Tongling Jieya Biotechnology Co., Ltd., Sanying Packaging Co., Ltd., Zhejiang Zhengzhuang Industry Co., Ltd., Zhongshan Lianchang spray Pump Co., Ltd., and Shanghai Yingyu Packaging Technology Co., Ltd

On June 12th, the reporter learned from the Shanghai Postal Administration that in the first quarter, the Shanghai express delivery development index was 210.3, a year-on-year increase of 5.7%. Among them, the service quality and efficiency index and the open agglomeration index were 228.2 and 126.3, respectively, with a year-on-year increase of 27.9% and 1.4%; The scale strength index and value contribution index are 293.2 and 196.3, respectively, which are basically the same as the same period last year. Overall, the express delivery industry in Shanghai operated steadily and orderly in the first quarter, with accelerated market development and significant improvement in service quality. Opening up to the outside world continued to expand, and international service capabilities were further enhanced. The industry achieved a good start. Due to the difference in months between this year's Spring Festival holiday and last year, the size of the express delivery market has slightly declined in January. In February, the economic and consumer vitality of Shanghai gradually released

The new energy process of Shanghai's environmental sanitation equipment, which has been piloted since 2019, has entered a sprint period. By 2025, the proportion of new energy sanitation vehicles in Shanghai will not be less than 30%. At today's Shanghai International Carbon Neutrality Technology, Products, and Achievements Expo, dozens of new energy and sanitation vehicles from 8 car companies across the country were showcased, many of which have been put into operation in Shanghai, giving people a tangible feeling of the increasingly strong pulse of low-carbon cities. When accelerating to clear weather, all 5 solar panels attached to the vehicle body are turned on, and ideally, it can provide 1 kWh of electricity per hour. At the exhibition, a red solar lithium-ion road sweeper was very eye-catching. Since the second half of last year, this new energy road sweeper has been driving on roads in areas such as Huangpu, Changning, Pudong, and Songjiang. As of now, nearly 10 vehicles have been put into operation in Shanghai.

Starting from January 2021, China prohibits the import of solid waste in any form, and also prohibits the entry, dumping, stacking, or disposal of solid waste from abroad. However, there is still a constant stream of foreign waste, taking risks and attempting to "sell" or "send" it to China. In the first five months of this year, Shanghai Customs cleared and returned 57 shipments of foreign garbage, totaling nearly 900 tons. Once foreign waste enters the country, its return and disposal involve multiple processes, including on-site inspection, sampling and inspection, solid waste identification, result notification, transfer of anti smuggling, and order for return, involving management departments such as ecological environment, greening and urban management, and anti smuggling office. In the face of the uncompromising task of safeguarding the "green mountains and clear waters", Shanghai Customs has established a consultation mechanism with multiple departments and collaborated with Shanghai Port Group, Maersk and other port and shipping units to follow the principles of "quick identification, quick identification, and transfer"

As the "June 10" Cultural and Natural Heritage Day approaches, the second China-Chic Cultural Creative Design Competition hosted by the Shanghai Municipal Bureau of Culture and Tourism will be launched as scheduled. This cultural and creative contest inherits the theme of the first session, selects a batch of China-Chic cultural and creative products, works and design schemes that are "innovative, easy to use, and transformable" for all social organizations, integrates the aesthetics of the times to create urban gifts, and promotes the connection of intangible cultural heritage with contemporary life, blooming with charm. It is worth mentioning that this year's competition has added three sub tracks, namely "Digital Innovation", "Intangible Cultural Heritage Cuisine", and "Traditional Chinese Medicine", on the basis of the original competition. The aim is to explore and showcase the colorful charm of intangible cultural heritage from multiple perspectives and dimensions. The "Digital Innovation" track combines the current methods of digital innovation, integrating themes such as games and comics that young people love and pursue, and combining elements and skills related to intangible cultural heritage

"Traffic" is a term commonly used by scholars and Shanghai government departments when discussing the Shanghai economy. Many people are asking: are big cities also pursuing traffic? Do you want to become an internet celebrity city? So many questions were asked that Bao Xiaofeng, the anchor of CCTV CCTV News, gave a special explanation of the term after a news broadcast. She said, "In fact, the flow economy is not quite the same as what we usually refer to as network traffic. In a flow economy, 'flow' mainly refers to the flow of people, logistics, information, funds, etc. Developing a flow economy requires playing a pivotal role. These people, things, information, and funds that flow through the hub, if summarized in a single term, are 'resource elements.'". The allocation of resource elements is the core function of global cities. Enter the new distribution

One spring day, a farmer in Yunnan planted a coffee seed. Years later, the coffee beans grown from this seed finally arrived in Shanghai, waiting for guests to taste at the National Convention and Exhibition Center. Unlike regular coffee, it has a special identity - carbon neutral coffee. At the first Shanghai International Carbon Neutrality Expo, which opened on the 11th, starting from a cup of carbon neutrality coffee, reporters found that various industries have had intricate connections with "carbon peak and carbon neutrality". At the Carbon Expo, you can see energy companies like Shenneng, consumer goods companies like L'Oreal, automotive companies like Tesla, steel companies like Baowu, and financial companies like Shanghai Pudong Development Bank... For ordinary people, the topic of carbon seems a bit distant. But as long as you look and listen at the Carbon Expo, you will find that "carbon"

At the Shanghai International Carbon Expo, which opened on June 11th, Shanghai Electric officially released the "Shanghai Electric Group's" Dual Carbon "Action Plan, proposing the development goal of" ensuring carbon peak before 2030, striving to achieve carbon neutrality in its own operations before 2035, and carbon neutrality in the entire value chain before 2055 ". Shanghai Electric also released the latest products in the four major fields of wind, light, storage, and hydrogen. According to research data from Zhongzi, energy and industry are the two largest industries in China with the highest proportion of carbon emissions, accounting for 51% and 28% respectively. The relevant person in charge of Shanghai Electric Group introduced on site that facing the two main battlefields of carbon reduction in energy and industry, Shanghai Electric is building a new power system and a zero carbon industrial park through three paths: energy efficiency improvement, energy substitution, and resource circulation, promoting enterprises to achieve their own "dual carbon" operation

Now is the midsummer season, most of our thermal upgrade. This week, Shencheng started "30". The Shanghai Central Meteorological Observatory predicts that the temperature in Shanghai will rise rapidly today, with the highest temperature reaching 31°C. On Tuesday, the rain came for a short time, but it had little effect on the temperature, and the highest temperature could still be 30 ℃. It is expected that the temperature will continue to "take off" from Wednesday. Under the guidance of the high-altitude northwest airflow, the sky is in good condition and the temperature is rising rapidly. It is expected that the highest temperature will be 33 ℃ to 34 ℃ for four consecutive days from Wednesday to Saturday. Summer UV index increased significantly, more easily than other seasons suntan. Intense UV exposure will not only make us tan, but also may get sunburn. A few days ago, China Weather Network issued a sunscreen guide, this different scene sunscreen guide, to help you stay away from ultraviolet damage. Ultimate sun protection: outdoor sports 1.

At the first Shanghai International Carbon Neutrality Expo, which opened today, the Shanghai Smart Supervision Platform for Building Carbon Emissions was officially launched. More than a decade ago, Shanghai took the lead in building energy consumption monitoring platforms for government office buildings and large public buildings. As of the end of 2022, a total of 2195 public buildings have completed the installation of energy metering devices, which are connected to the energy consumption monitoring platform, covering a building area of 104.42 million square meters. The platform can monitor the energy consumption of large public buildings, analyze energy consumption data statistics in urban development, regional management, industry supervision, government management, and other aspects. The newly launched smart monitoring platform for building carbon emissions is an upgraded version of the energy consumption platform. Introduction by the relevant person in charge of the Shanghai Construction and Building Materials Industry Market Management Station, the organizer of the launch ceremony, that the new platform focuses on new

How can urban renewal create high-quality development space for cities while improving people's livelihoods? Recently, the theme forum activity of "urban renewal - creating high-quality development space" was held in the Shanghai center Building, the highest building in China, and government, experts, scholars and enterprise representatives from relevant fields of urban renewal have made suggestions. With the opening of public spaces on both sides of the "One River, One River", areas along the Xuhui Binjiang, Yangpu Binjiang, and Hongkou North Bund have vacated their cages and replaced birds, giving the urban space a new look. Nowadays, not only are there citizens and tourists coming to rest and play, but also a large number of leading enterprises have settled in, driving the development of surrounding areas. Through regional urban renewal, a 480 meter tall building will rise from the north Bund and become the tallest building in Puxi in the future. New functional nodes have emerged on both sides of the Pujiang River, along with the "old development zones" along the same route

"I don't want to dominate! In this sea, the most free person is the Pirate King!" Speaking of the TV anime "The Pirate King", which embodies youth, dreams, and passionate beliefs, always resonates with many people. On June 10th, this international IP with a large number of fans worldwide entered Shanghai, and the first "limited time" navigation king treasure area in the country settled in Shanghai Haichang Ocean Park. The "limited time" navigation king legendary castle of Dalian Haichang Discovery Kingdom theme park also opened simultaneously. In the increasingly competitive Chinese theme park market, Haichang Ocean Park, a local Chinese brand, is constantly exploring new paths to integrate with international IPs. Immersive restoration of the world of the Sea King. The work of "The Sea King" is a globally renowned IP, and its novel of the same name was published on July 22, 1997 in the Weekly magazine "Young Ju" by Jiying Press

On June 11th, the first Shanghai International Carbon Expo will officially open at the National Convention and Exhibition Center, lasting for four days. It will hold a series of activities such as the "Carbon Neutrality" themed exhibition, a series of forums, and trade docking, bringing together nearly 600 well-known domestic and foreign enterprises. For ordinary audiences, achieving the goal of "carbon neutrality" is still a vague concept, but this Carbon Expo will present a clear answer to the public towards "carbon neutrality". On the 10th, the reporter arrived at the Carbon Expo exhibition hall in advance for a visit. More than a thousand "carbon neutrality" technologies and products were ready, and new business models in various new scenarios and cutting-edge low-carbon applications in various industries will jointly form this "carbon neutrality" feast. Under the "3060" low-carbon transformation goal, various types of green industries have emerged, becoming a new driving force for economic development

June 10th is World Cultural and Natural Heritage Day. In Guyi Park, the first "Intangible Cultural Heritage Theme Park" in Shanghai, dozens of intangible cultural heritages such as Jiangnan boudoir paintings, Ma Lu bamboo weaving techniques, medicinal patchwork printing and dyeing techniques, Dong Xiao making techniques, and Su embroidery are arranged in interactive booths. The immersive Chinese style market held by Guyi Garden and Jiading District Cultural and Tourism Bureau has awakened the enthusiasm of many citizens for traditional folk skills and culture. The reason behind this is not the form of showcasing intangible cultural heritage, but whether intangible cultural heritage itself has strong vitality and attraction. On site, numerous inheritors shared their experiences in protecting and inheriting intangible cultural heritage. From a distance, innovation can be seen as a traditional Chinese painting of mountains and rivers, while from a close distance, each stroke and ink turns out to be a thread of embroidery. This is Gu Jia's paper embroidery, an intangible cultural heritage of Jiading District,

After three years of the epidemic, the country has reopened and the outside world has changed a lot. For Chinese travelers, inflation in many countries around the world and the European energy crisis have caused the cost of European travel to rise sharply. In the face of such a new situation, at the "2023 European Travel Carnival" that kicked off in the shopping street of Jing'an Temple Station of Shanghai Metro today, tourism practitioners put forward the concept of "Travelmoreforless" and strive to provide more customized travel routes for tourists who prefer characteristic routes. This European Travel Carnival is the fourth "May 5 Shopping Festival" and one of the important activities of the "Shanghai Import Hi Shopping Festival. From Switzerland, UK, Croatia, Poland, Norway, Denmark, UK, Hamburg, Flanders, Belgium, Sweden, Portugal, etc

Strolling through the millennium old charm of Longhua, appreciating national intangible cultural heritage, exploring music streets, listening to the profound heritage of traditional opera, and experiencing the two intangible cultural heritage techniques of Cao Sugong's ink ingot and Zhou Huchen's brush making in the Bi Mo Palace... Today is "Cultural and Natural Heritage Day", and multiple cultural and tourism activities are being held on the streets of Shanghai. Citizens and tourists who "discover the most Shanghai cultural heritage and experience extraordinary intangible cultural heritage" also realize that there are so many places with rich connotations and fun hidden at their doorstep. Haipai tells the story of "The Most Shanghai" micro tour interpreting the urban context. Earlier this morning, more than 20 citizens and tourists who came to Xuhui Fenyang Road gathered at the entrance of the Music Opera House, embarking on a journey of "enjoying intangible cultural heritage and lighting up music legends through life". This route was professionally explained by Luo Jing, an associate researcher at the Institute of History of the Shanghai Academy of Social Sciences. It is based on a music street and combines ancient and modern elements

This afternoon, Nantong, Jiangsu was covered by thunderstorm clouds, with strong convection continuously moving southward across the river. At around 19:00, thunderstorm cells had already "entered" Shanghai. At 18:28, Shanghai issued its first hail warning signal of the year. Under the influence of strong thunderstorm clouds, it is expected that hail weather will occur in Shanghai center's central urban area, Pudong, Chongming, Songjiang, Qingpu, Minhang, Jiading and Baoshan in the next six hours. Citizens should try to avoid going out and take protective measures for vulnerable outdoor goods and equipment. As of press release, the four early warnings of rainstorm blue, gale yellow, hail yellow and thunder and lightning yellow in Shanghai are maintained. It is expected that within the next 6 hours, there will be short-term heavy rainfall of about 35 millimeters per hour in the central urban area, Pudong, Chongming, Songjiang, Qingpu, Minhang, Jiading, Baoshan and other places. Reminder from the Municipal Meteorological Department: Pay attention to preventing the possibility of heavy rainfall

As an important event of the "2023 Shanghai Night Life Festival", the "Night Dimension-Adventure Night" art exhibition will be open to the public free of charge at the Shanghai Institute of innovative and Creative Design and Research Institute from June 10 to June 18. The art exhibition "Night: adventure Night" is co-sponsored by the Administrative Service Center of Shanghai Commerce Commission and UCCA, and co-sponsored by UCCAEdge and Shanghai Innovation and Creative Design and Research Institute. The site of Shanghai Creative Design and Research Institute, formerly the site of Redstedt Institute of Technology, was founded in 1934 and is a building in the style of British Gothic Renaissance and Art Deco. After the founding of New China, the former site of the school was successively used by Shanghai Institute of Navigation and Shanghai Seafarers Hospital. In 2021, with the new round of development and construction of the North Bund

Repairing old buildings is a meticulous task that requires experienced craftsmen to pass it on hand. But now, there are 1058 excellent historical buildings in Shanghai, totaling five batches, with a large quantity and a wide area. Relying solely on manpower to repair and maintain them is far from enough. How to solve this pain point? Today is the 18th Cultural and Natural Heritage Day. The reporter learned from the joint main event organized by the Municipal Housing and Urban Rural Development Commission, the Municipal Housing Management Bureau, and the Hongkou District People's Government on "Continuing the Historical Context and Improving Urban Quality" that Shanghai is promoting the digital transformation pilot of excellent historical building management to solve the problem of insufficient repair manpower. More and more excellent historical buildings will be equipped with intelligent sensors. The reporter learned from the Shanghai Housing Management Bureau that old buildings that use intelligent sensors will collaborate with the Shanghai Fine Management Platform and Urban Management Department to monitor

In May of this year, Dongguan, Wenzhou, Jinan and other cities successively issued saturation warnings for ride hailing services, and even some cities suspended the acceptance of new services for ride hailing transportation certificates. "Business is not doing well now, and there is competition among platforms, ride hailing rental companies, and drivers." Many ride hailing drivers sighed. With the continuous participation of practitioners and the gradual saturation of transportation capacity, the number of orders received by ride hailing drivers in Shanghai has also significantly decreased. The myth of earning tens of thousands of yuan per month is being exposed by reality. The voice of persuasion has long appeared in Xiaozhang from Anhui, who has been driving ride hailing services in Shanghai for three to four years. At the beginning, due to being young and energetic, I ran for more than ten hours every day. I drove around 7 o'clock in the morning and stopped at around 11 o'clock in the evening. I only slept five or six hours a day. Later on, my body couldn't bear it anymore and I had to work

May 31st is the deadline for the final settlement and payment of corporate income tax, and the end of May is the peak period, with a huge demand for corporate tax. With the continuous introduction of measures by the Shanghai tax department to optimize declaration services and standardize risk warnings, paperless and online processing has become a daily action for enterprises to pay taxes and fees. More intelligent operations such as pre notification, exemption and enjoyment, and intelligent tax refunds are gradually being unlocked. The tax department has not only helped enterprises quickly realize tax dividends, but also improved their management efficiency and level, and provided high-quality tax services to help build a business environment in Shanghai. In advance: A precise reminder that in the past two years, there has been a significant amount of tax incentives and adjustments for high-tech enterprises. In order to more effectively implement policies and help enterprises reduce the tax risks of false reporting and misreporting, the Shanghai tax department has passed

On the road to high-level technological self-reliance and self-improvement, the veteran state-owned enterprise Shanghai Construction Engineering Group is exploring the role of the "national team" through theme education. In the integrated green technology demonstration building in the Yangtze River Delta, which was put into operation on June 9th, Shanghai Construction Engineering Group held a "Theme Education to Promote the Development of Science and Technology Innovation Practice Achievement Exchange Conference". The "Party Member Site Teaching Demonstration Point" and "Model Worker Craftsman Training Class" were also unveiled. Shanghai Construction Engineering, which started from the traditional construction industry, has a more urgent need for technological progress and enterprise transformation. Over the past few months, the Party Committee and various subsidiaries of Shanghai Construction Engineering Group have conducted in-depth investigations and research at the grassroots level, clarifying 287 research topics. Among them, "technological innovation" is the top priority to focus on. Promoting thematic education through learning and practice is the key to driving the "elephant turn". Yin Hongxia, Deputy Secretary of the Party Committee and Chairman of the Trade Union of Shanghai Construction Engineering Group

"The environment is the biggest problem of this generation, and it can also be the biggest opportunity." At the 14th Lujiazui Forum held on June 9th, many domestic and foreign financial professionals discussed the topic of green finance. Currently, 92% of the economies involved in global GDP have net zero commitments, representing 88% of emissions and 85% of the world's population. "Climate change is a global issue that requires global action to solve," said Jean Francois DEROCHE, Asia Pacific President of Credit Suisse. From a macro perspective, a net zero investment of $250 trillion per year is required before 2015. Compared to the size of the global capital market, the global bond market exceeds $130 trillion and the equity market also exceeds $100 trillion

The 14th Lujiazui Forum closed in Shanghai yesterday. At this year's forum, foreign guests who needed remote connections for the first two sessions are now sitting firmly on stage to exchange speeches. Although international travel is still not easy compared to before the epidemic, they still appear on time in Shanghai. Obviously, they want to actively participate in China's opening-up process and cooperate more deeply with China. Both on and off the field, the Lujiazui Forum has voiced the strongest voice of financial openness and cooperation. "Recently, I led a team to visit Wall Street and the City of London, which was widely welcomed by financial institution partners in Europe and America," said Qi Bin, Deputy General Manager and Deputy Chief Investment Officer of China Investment Co., Ltd. According to his observation, many European and American companies are still willing to develop business in China. He told a joke: "I went to San Francisco a while ago."

Since 2016, Shanghai has organized professional third-party mobile communication network quality monitoring and evaluation every year. This year's evaluation is based on user perception, and the plan has been officially released. According to the Shanghai Radio Detection Industry Alliance, this year's evaluation will prioritize 5G networks in network selection; The evaluation site covers a total of 1119 locations in 16 districts, mainly focusing on 7 fixed scenarios such as hospitals, transportation hubs, subway lines, shopping malls and commercial districts, urban expressways, residential areas, and 3+1 centers, as well as 3 dynamic scenarios such as universities, parks, and underground parking lots in residential communities; The testing methods include mobility testing and fixed-point dialing testing; The testing indicators focus on inclusiveness and experience, rather than network extremum capability; The testing schedule takes into account both busy and idle hours. It is worth noting that among the several major testing indicators, this year's

"What to do when encountering patent infringement during the IPO process?" "How to solve the financing difficulties of light asset, high R&D investment listed companies?" This year's Lujiazui Forum, a newly added event, brings together science and technology industry leaders and financial industry executives. Today, the special event of "Science and Technology Innovation Financial Studio" organized by the Shanghai Financial Industry Federation was held, and the "Science and Technology Innovation Financial Studio" was officially unveiled in Shanghai. The studio aims to serve as a platform for communication and exchange between Shanghai's technology enterprises and financial institutions, gathering industry elites, focusing on difficult and blocking issues, jointly exploring cutting-edge trends in science and technology innovation and financial innovation demands, and contributing wisdom to the coordinated development of Shanghai International Financial Center and globally influential science and technology innovation centers. Zhou Xiaoquan, Director of the Shanghai Municipal Bureau of Local Financial Supervision and Administration, stated that science and technology innovation financial services have a long way to go. When

June 10th coincides with "Cultural and Natural Heritage Day", and the 2023 Shanghai Intangible Cultural Heritage Shopping and Food Festival, "Sharing Intangible Cultural Heritage with Intangible Cultural Heritage," will kick off today and continue until June 30th. This intangible cultural heritage event combines various forms such as non heritage markets, online exhibitions, and fun interactions, fully showcasing the unique charm of Shanghai's traditional intangible cultural heritage. As the highlight of this event, the organizer has issued a call for the "Intangible Cultural Heritage Food Recommendation Officer" to the general public and tourists, inviting everyone to recommend intangible cultural heritage food together. Nanxiang Xiaolong, Fengjing Dingti, Chongming Old Baijiu, Longhua Zen Food... Shanghai's intangible cultural heritage food has a long history and a wide range of categories, including time-honored enterprises that most citizens are familiar with. Go to "Little Shaoxing" to order a Boiled -sliced cold chicken, go to "Gongdelin" to taste the King Kong fire recipe, and then go to Chenghuang Temple to buy a packet of spiced beans... From above

The Dragon Boat Festival holiday is approaching, and tourists who have the experience of grabbing tickets and hotels during the "May Day" holiday have started to book travel products earlier. According to the tourism trend data of Dragon Boat Festival small and long holiday released by many tourism platforms, drifting and water park have become the most popular travel keywords of Dragon Boat Festival small and long holiday, and the tourism popularity of major seaside destinations in China is also growing rapidly. Hydrophilic, summer into a hot word Dragon Boat holiday, all kinds of summer cool travel play widely concerned. Since June, the search for drifting-related products has soared. Tourists have organized groups to experience this hydrophilic play around the city and enjoy the cool summer in the mountains and rivers. According to the same journey travel data, the recent drift search heat rose 272 percent, and the water park-related search heat rose more than 150 percent. During the Dragon Boat Festival, the most popular rafting projects in China mainly include Yulong River rafting and Gulong Gorge rafting.

The arrival of an aging society is both an opportunity and a challenge for the development of the financial industry. Today, the 14th Lujiazui Forum focused on the opportunities and responsibilities of elderly care finance. Several practitioners in the field of elderly care finance expressed their opinions on how to promote the reform and innovation of elderly care finance. Last November, China's personal pension system quickly completed its basic establishment and officially entered the operational stage, which has also become the focus of today's forum discussion. Bai Tao, Secretary of the Party Committee and Chairman of China Life Insurance Company, stated that the number of personal pension account openings has exceeded 37 million. Although the development speed is fast, there is still a gap compared to expectations. "Many customers only open accounts without paying fees for three reasons: firstly, the policy incentives are not enough; secondly, the product appeal is not strong; and thirdly, the personal management operation of personal pension accounts is too complex."