The 07 is the first model of the Sea Lion IP. It is based on the e-platform 3.0 and has a side shape similar to that of the Dynasty Network. It can be regarded as the "Ocean Network Song L". It is planned to be launched at the Beijing Auto Show in April.

Smart Electric Travel has obtained the battery and battery life information of the Sea Lion 07, which is equipped with an 80.64kW · h battery pack. The two-wheel drive high-end model can last up to 610km under working conditions, and the battery life performance is not as good as that of Song L.

The pricing of the models on sale in BYD Ocean Network is cheaper than the corresponding models of Dynasty Network. Take the DM-i of Ocean Network and the corresponding model of Dynasty Network as an example, the price difference between the two is 7000 yuan. Combined with the starting price of Song L, it is expected that the starting price of the Sea Lion 07 EV may be 182,800 yuan.

The vehicle model EV2 is a two-wheel drive high-end, EV1 is a four-wheel drive, and EV is a two-wheel drive low-end.

The Haishi 07 EV two-wheel drive version is equipped with a battery pack with a battery capacity of 71.84kW · h or 80.6kW · h, and the cruising range corresponds to 550km and 610km. The four-wheel drive version is equipped with an 80.6kW · h battery pack with a cruising range of 550km. The new car is equipped with CTB battery body integration technology, iTAC, front double fork arm rear five links, Yunying-C intelligent damping body control system and other configurations, and adopts BYD’s latest generation of smart driving technology.

The front face of the Sea Lion 07 EV continues and is designed with an ultra-flat lens, a built-in double U suspension crystal in the lamp cavity, and two raised rib lines in the front hatch cover. The top of the tail is equipped with a spoiler sports tail, the tail light adopts a through design, and the bottom is equipped with an exaggerated diffuser.

Song L

From the spy photos, there is a logo in the middle of the steering wheel, and the test vehicle is not equipped with a dashboard, but the front area of the steering wheel is further back than the central control screen. If the production version is equipped with a dashboard, it will adopt a built-in design. The central area of the center console is suspected to use a small-size crystal shift lever, and the front row is equipped with an integrated sports seat.

Welcome to the Autohome Chengdu promotion channel to bring you the latest and most affordable car purchase information. Currently, the high-profile luxury SUV is undergoing an unprecedented price reduction in the Chengdu market. The maximum discount is as high as 151,900 yuan, making this high-end model that originally started at 480,900 yuan now has a more attractive price. For consumers who are interested in buying an Audi Q7, this is undoubtedly a car purchase opportunity not to be missed. If you are interested in the Audi Q7, be sure to click "Chatti Car Price" in the quotation form below to seize the opportunity of this price reduction and strive for better car purchase conditions.

The exterior design of the Audi Q7 shows the perfect blend of luxury and power. The front face features Audi’s signature hexagonal air intake grille, with sharp LED headlight sets, giving a strong visual impact. The body lines are smooth, showing an elegant sports posture. The overall style is atmospheric without losing refinement, showing the Audi brand’s attention to detail. At the same time, the proportion of the body is coordinated to strengthen the sense of stability of the vehicle, which can attract people’s attention whether in urban streets or suburban roads.

The Audi Q7 stands out for its atmospheric body size, with a length of 5077mm, a width of 1970mm, a height of 1715mm, and a wheelbase of 2999mm, creating a spacious and comfortable interior space. The side lines are smooth and powerful, outlining an elegant sense of movement. The front and rear wheels are equipped with 285/40 R21 tires, and the unique wheel design not only guarantees driving performance, but also enhances the overall visual effect.

The Audi Q7’s interior is designed with elegance and attention to detail, highlighting the luxury texture. The steering wheel is made of leather, providing the flexibility of manual up and down + front and rear adjustment and electric up and rear adjustment, ensuring the comfort and convenience of the driver. The center console is equipped with a 10.1-inch high definition touch screen, which integrates multimedia systems, navigation, phone and air conditioning control functions, making it easy and intelligent to operate. The seats are made of imitation leather and leather materials, and the main and passenger seats are equipped with 4-way adjustment, including front and rear, backrest, high and low and waist support, providing passengers with a full range of comfort. In addition, the front seats also support heating and ventilation, and the driver’s seat also has a power seat memory function, which enhances the ride comfort. The second row of seats can be adjusted with backrests and support proportional reclining to adapt to the needs of different occasions. The overall interior design combines practicality and luxury to create a high-class and warm driving environment.

The Audi Q7 is powered by a 2.0T turbocharged engine with a maximum power output of 195 kW and 265 horsepower. This engine is perfectly matched with an 8-speed automatic transmission, providing a strong torque performance, with a maximum torque of 370 Nm, ensuring that the driver can enjoy a smooth and dynamic driving experience in all road conditions.

Overall, the Audi Q7 has won high praise from Autohome owners for its domineering appearance and unique headlight design. He said that driving this car is like driving a flowing light and shadow, showing strength and dignity. For consumers seeking both driving pleasure and practical value, the Audi Q7 is undoubtedly a reliable choice. Its excellent lighting effects and the muscle lines of the body undoubtedly enhance the driver’s aura on the road.

In today’s mid- to high-end car market, consumers are often confused when faced with choices because the market is flooded with a large number of excellent models. The new generation Maiteng and the new Asian Dragon are two of the star products that have attracted much attention. These two models have their own advantages in terms of power, performance, space, configuration, scale and number of iterations. The key to choosing between these two vehicles is to conduct a comprehensive comparative analysis based on actual needs.

First of all, looking at the power system, the new generation of Maiteng and the new Asian Dragon respectively offer a variety of power versions. Maiteng ranges from 1.4T to 2.0T, while the Asian Dragon offers 2.0L, 2.5L and 2.5L hybrid versions. In terms of power performance, Maiteng’s high-power 2.0T version wins in horsepower and torque, but in terms of energy saving, the Asian Dragon’s 2.5L hybrid system is more advantageous. The hybrid system can not only provide sufficient power performance, but also has higher fuel economy, which is very attractive to consumers who are concerned about the cost of use and environmental protection.

From a performance and energy-saving point of view, the two cars have their own strengths. The new Maiteng is known for its solid chassis design and excellent handling performance. Its high-power 2.0T model is excellent in high-speed cruising and acceleration performance, and it is equipped with the DQ381 wet dual-clutch transmission for quick and smooth gear changes. In contrast, the hybrid system of the new Asian Dragon performs better in urban congestion conditions, and the fuel consumption per 100 kilometers is much lower than that of the Maiteng, providing a more comfortable driving experience.

In terms of space and configuration matching, the Maiteng and the Asian Dragon are also worthy of in-depth comparison. The Maiteng body design combines beauty and practicality, and the rear row is spacious, making it suitable for long-distance driving and family use. In terms of interior configuration, the center console adopts leading technology configurations, such as 12.3-inch programmable LCD meters, 10.25-inch multimedia screens and multi-function steering wheels, making the driver experience more convenient and comfortable. The Asian Dragon is more prominent in the overall space performance. Its rear row space is extremely spacious, and the seat adjustment is flexible, which is suitable for the whole family to travel. In addition, the Asian Dragon is equipped with the Toyota Safety Sense safety package as standard, including adaptive cruise, lane keeping assistance and collision warning system, so that safety has also been comprehensively improved.

In terms of scale and number of iterations, both cars have a deep market foundation. Maiteng has won a large number of consumers with its excellent quality and brand influence since its launch. The Asian Dragon, although relatively young, has also quickly occupied a place in the market with the help of Toyota’s strong technology accumulation and brand effect. Both are quite stable in their respective brands, and each new car launched by the car series has been widely anticipated and praised.

Overall, the advantages of the new generation of Maiteng and the new Asian Dragon in various fields are obvious. Maiteng has attracted die-hard fans with its strong power and excellent handling, making it a good choice for consumers who pursue driving pleasure. The Asian Dragon has won a large number of users with its comfortable driving experience and excellent fuel economy, especially suitable for consumers who are concerned about environmental protection and cost of use.

Of course, choosing the model that suits you is not only based on the parameter data, but also based on personal driving habits and needs. Do you pay more attention to driving pleasure? Or pay more attention to energy conservation and environmental protection? Or maybe it is space comfort? Welcome to leave a message in the comment area to discuss and share your views and reasons for choosing the new generation of Maiteng and the new Asian Dragon. Each of your views has important reference value for other consumers.

　　22 Maybach GLS600 configuration: metallic paint, 22-inch Maybach multi-frame wheel hub, 4 seats, rear entertainment, refrigerator, piano paint line interior version, mahogany steering wheel 9-speed automatic transmission, OurHours four-wheel drive, air suspension, comand system, navigation, ring shadow, head-up display, electric suction door, electric pedal, multi-color ambient light, door welcome strip light, bathroom radio, Apple carplay, Android car, wireless charging, active multi-contour outboard with massage function Rear seats, active multi-contour front seats with massage function, in-car fragrance system, video navigation, Voice of Berlin, front and rear seats ventilation and heating, rear temperature-controlled cup holder, keyless entry system, electric tailgate, electric panoramic sunroof, 4-zone air conditioning system Active airbag system, active LED headlights, active high beam, active blind spot assist, active brake assist and auxiliary features on both sides of the car, radar ranging, active lane keeping, active speed control, active automatic start and stop control, active steering wheel assist, active lane change assist, decoupling.

　　The front grille of the 22 Maybach GLS600 has a more concise style, and the chrome-plated middle net of the straight waterfall type presents a dignified and majestic look, which is also a common design method for top luxury cars. The lower grille adopts a dense chrome-plated middle net, forming a school of its own, and some design elements are derived from the previously released Maybach Extreme Luxury Concept Car. In addition, the new car also uses a three-pronged star emblem to stand up. The side shape of the body is very solid and looks very heavy, and the Maybach exclusive LOGO is inlaid on the D-pillar. At the same time, the chrome decoration around the window also highlights its own identity, and the overall body design is simple and capable.

　　The interior of the 22 Mercedes-Benz Maybach GLS600 is also extremely luxurious. The full-size LCD screen design commonly used in Mercedes-Benz is also used in the Maybach GLS600, which is full of technology. A large area of the car is made of top-notch leather and wood grain, and its own fragrance system and the Voice of Berlin surround sound are added. Originally, Mercedes-Benz was already at the top level in terms of luxury texture in the industry, but Maybach, as a top brand of Mercedes-Benz, is even better in this regard. Sitting in it feels like sitting in first class.

　　The 22 Mercedes-Benz Maybach GLS600 American interior uses the latest design language of the family, with an integrated large screen, ambient light and other configurations, and the workmanship is extremely elegant. Mercedes-Benz rarely disappoints in the creation of a luxurious atmosphere, which is also passed on to the Maybach GLS600. It uses the latest design language of the family, with an integrated large screen, ambient light and other configurations. The workmanship is extremely elegant, and the sense of luxury is overwhelming.

139,800, bought a nearly 5 meters, loss of fuel consumption 3.4L/100km plug-in hybrid car.

What level?

The days are not allowed to pass the level of joint ventures.

Tonight, the two leopards are listed, the seal 07 DM-i is priced at 139,800 yuan – 195,800 yuan, and the 2025 seal is priced at 175,800 yuan – 239,800 yuan.

For this price, we will analyze it one by one.

Let’s start with the SEAL 07 DM-i, the first medium and large car with the fifth-generation DM technology, with the highest thermal efficiency of 46.06% in the world. Under NEDC conditions, the fuel consumption is as low as 3.4L/100km.

As soon as these numbers come out, you can intuitively feel the level of energy consumption.

There are also all series standard streamer gray interior color scheme and real aluminum trim upgrade, all series standard DiPilot intelligent driving assistance system, all series is equipped with up to 13 airbags, more than 26 items of all series standard, really do the entry is high.

On the model, push the 70km small battery version to lower the starting price and 139,800.

This price is also the price of the top version of Qin L. The lower purchase threshold and the "no discount" configuration can also show the sincerity.

In addition, this time also provides a 1.5T version, which is also the first product of the fifth generation DM with a T, which is more powerful and can also achieve a tank of oil from Shenzhen to Beijing.

Seal 07 DM-i, the main one, there is always one that suits you.

Overall, with low energy consumption, full configuration, comfort, and a wide selection of models, the SEAL 07 DM-i does have a popular physique.

Another car, the 2025 Seal, is the all-electric version, which is even heavier.

E platform 3.0 EVO is built, a true 800V platform, the charging power of the third-party charging pile is full, the speed is fast without picking the pile, and the high-speed energy consumption is lower.

The size is the same as the old model, and it is slightly larger than the Model 3.

The interior has a floating central control screen to increase the size, and is also equipped with panoramic canopy electric sunshade, steering wheel heating, car fragrance, W-HUD head-up display and other configurations, and the whole system is equipped with car ETC, 13 airbags, etc. CLTC pure electric battery life has 510/600/650km three options.

The most crucial thing is that the 2025 Seal is equipped with 1,200V silicon carbide electronic control, using the highest speed motor in the world at 23,000 rpm, with a top speed of 240km/h, which can be called the "fastest" BYD.

What is the concept of 23,000 rpm?

Previously, this record was Huawei’s motor, which reached 22,000rpm. The V6 series motor of Xiaomi SU7 was 21,000rpm.

At the same time, the 2025 Seal is also equipped with the "Eye of the Gods" high-end intelligent driver assistance system – DiPilot 300, which can theoretically reach the same level of intelligent driving as the Denza N7.

What city pilot, automatic lane change/overtaking, automatic emergency braking, traffic lights start and stop, automatic up and down ramps, vehicle active avoidance, Yunying-C intelligent damping body control system, valet parking, all of these are available.

After I look at it, who still says that BYD doesn’t have intelligent driving?

In general, the price of SEAL 07 DM-i is 139,800 yuan, which is equivalent to the price of SEAL 06 DM-i. The starting price of the 2025 SEAL 175,800 is also cheaper than the current one, which is equivalent to adding and reducing the price.

Economy and a sense of high value are the two core demands of mid-sized car consumers, and they are also the value of "Leopard".

This time "Shuangbao" went public, relying on BYD’s multi-faceted advantages in core technology, cost control and system scale, it completed two new technology upgrades of e-platform 3.0 Evo and fifth-generation DM, and gave users the greatest value satisfaction in terms of quality, space, comfort and intelligence.

It seems that the "Double Leopard" wave has to sell out again.

　
　 　 Movie Network News(Video/He Pan, Photo/Qian Jia Memories/Yang Yaru) The comedy movie starring Xu Zheng, Huang Bo and Wang Baoqiang is currently being screened in major theaters. On December 14, the film held a celebration party in Beijing. BingFan bing, who guest starred, came to help out, and made a super embarrassed expression with Xu Zheng, Huang Bo and Xie Nan regardless of the image. Fan Bingbing revealed that he was attracted to Xu Zheng’s talent, and this time he starred in a movie with zero pay. He also revealed that when Wang Baoqiang pushed his back to do a SPA for himself, his hands were shaking. Huang Bo also laughed and said, "Wang Baoqiang told me that Fan Bingbing’s back is good – soft!"

Huang Bo

Xu Zheng

Fan Bingbing

Fan Bingbing was praised by Wang Baoqiang for his beautiful and soft back

　 　 Although the film has not yet landed on the New Year’s Eve file, Xu Zheng’s directorial debut "Lost in Thailand" has revealed its dark horse appearance. The film won 39 million box office on the day of its national release on December 12, ranking second in the box office of Chinese film history, and successfully refreshed the box office record of the film released on Wednesday. Wang Changtian, president of Light, revealed that "the box office of" Lost in Thailand "has reached 80 million." In addition to the box office all the way, the reputation of "Lost in Thailand" is also rising. Xu Zheng and Huang Bo revealed that they had sneaked to the theater to watch the audience’s feedback, and they also learned the scene of the audience being amused at the press conference.

　 　 The biggest surprise of "Lost in Thailand" was the appearance of Fan Bingbing, who not only starred in a zero-salary role this time, but also showed his jade back in "Lost in Thailand". Speaking of partnering with Wang Baoqiang this time, and being touched by him on the back, Fan Bingbing laughed and broke the news. "I can see that Wang Baoqiang is quite nervous. When he pushed the oil for me, his hands were shaking. I said, ‘It’s okay, just hold my back!’" Fan Bingbing said. "I think Wang Baoqiang is very cute, like a little brother." Huang Bo took over the conversation and said, "Wang Baoqiang also pushed my back in the play. After a day of patting, my skin was almost torn. In the end, Wang Baoqiang also said that my back was not good and too hard, and that Fan Bingbing’s back was good – soft!"

　 　 For Huang Bo’s sour tone, is it because he is "jealous, envious, and hated" for Wang Baoqiang’s ability to touch Fan Bingbing’s beautiful vest? Huang Bo does not change his funny nature, "No, no, this kind of thing that reflects the contrast of appearance, I think Wang Baoqiang is more suitable than me!"

Next page:Xu Zheng denied that it was Feng Xiaogang’s successor, Fan Bingbing, who made faces despite his image

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????According to the Hong Kong "Ming Pao" news, recently, Edison Chen was interviewed by the media, filmed in the form of a documentary, and the first episode was broadcast on November 30. At the beginning of the video, the "pornographic photo door" incident seven years ago was broadcast, followed by the picture of Edison Chen apologizing at a press conference.

????In the interview, Edison Chen said: "A lot of people ask me, if you could go back and change, what would you change? I don’t change anything, I am very happy today. I know there have been some unhappy things that happened, but that was not my intention. This was an accident, I think. I learned a lot from that."

1905 movie network news Recently, led by the director,,, starring, Ma Yuke,,,, He Xinlin, the official start of the friendship. The film tells the story of the black and white gangs that have been rampant for many years, due to the sudden appearance of a mysterious person, the power structure they have painstakingly managed has collapsed.

At the opening ceremony of the film, the film director Ma Yuke made an appearance with a group of main creators, starring tough guys gathered "Ruthless Overflow".

The confrontation between good and evil creates a "new order" Zhang Jiahui Ruan Jingtian King Continent’s first contest in the same frame

The film revolves around the establishment of a "new order": for many years, the Hongtai Group, which is secretly engaged in criminal activities such as human body trading, has been disturbed by the sudden appearance of the mysterious man Chen An (Zhang Jiahui, played). The police Mai Langwen (Ruan Jingtian, played) and Hong Tai’s subordinate Ma Wenkang (Wang Continental, played) are ordered by their respective superiors to launch an investigation. For a time, many forces are intertwined. The old and new order are violent, and it is still unknown who will die. A competition to break the dark order is imminent. The film integrates a variety of action elements such as gunfights, hand-to-hand combat, and car chases. On the basis of the exciting plot, it will also present highly impactful action scenes. The "ruthlessness" is full of adrenaline, and it will definitely bring the audience an "enjoyable" and "enjoyable" viewing experience.

In the movie "New Order", Zhang Jiahui, Ruan Jingtian, and Wang Continental, three tough guys, were in the same frame for the first time. The competition between men and the fight between fists and meat is bound to burst with hormones. Zhang Jiahui has created many classic characters in the film, and with the title of "Best Actor", Chen An, who starred as a mystery in "New Order" this time, believes that his expertise in crime genres and fierce fighting scenes will once again set off expectations.

Ruan Jingtian played the police officer Mai Langwen in the movie with a tough wrist and a fierce and decisive style, which injected more suspense into the movie. Wang Continental played Ma Wenkang, a gangster in the movie. He has also challenged many difficult action scenes in his previous screen works, which is enjoyable and shows his unique side of a hot-blooded tough guy. I believe that the cooperation of the three actors will definitely collide with different screen sparks.

Tough guys gather to detonate the screen "crime movie" strength team to create absolute ferocity

In addition to the three leading actors, the film also invited Qin Pei, Ma Yuke, Lian Kai, and a group of powerful "drama bones" actors. Their deeply rooted screen characters and audience friends are like family treasures, which can be called "all ruthless people". This super lineup will surely dedicate a wonderful acting battle to the audience.

It is worth mentioning that this film is also the first attempt of actor Ma Yuke to transform into a director. As a powerful actor who has been in the film industry for more than ten years, Ma Yuke is good at thinking about the characters from all angles, from the psychology of the characters to the outside, so that he can accurately grasp the "soul" of the characters. This change of identity, I believe that the director will present his excavation and thinking of each character in the story to the audience brilliantly.

At the same time, the film also gathers a strong behind-the-scenes team. Shin Jae-myung, a well-known Korean action director who directed "Despicable Streets" and "Friends", joined this time to create a unique violent aesthetic for this film. The representative work of the director of photography, with his solid basic skills and shooting experience in action film photography, will definitely add a lot to the language of the film’s lens. The creative art design of the film’s art director Yang Wei in the film has opened the eyes of countless audiences. With his keen insight and bold creation, the styling director Bai Yiting draws design inspiration from the characters and actors. Each character in his masterpiece is flexible, vivid and memorable, which also makes people look forward to the styling of the tough guys in this film. The editing of this film is led by many excellent crime films, and its representative works are all the favorites of crime action film fans. Under the escort of the quality of such a hard-core team, it is inevitable to create a "cool enough" crime action film for the audience.

　　Chongqing Morning Post reported on May 7Yesterday, a report in the Southern Metropolis Daily exposed Chen Jinfei, the legendary wealthy "stepfather" of "Little Dragon Girl" Liu Yifei – only he is not the "Little Dragon Girl" stepfather but the "godfather" and "agent". The reporter learned from the circle yesterday that Chen Jinfei, who was called "Dad" by Liu Yifei, is 46 years old and worth hundreds of millions. What is even more surprising is that he was sued by a shepherd dog lover in Chongqing last year.

　　Godfather and broker

　　Million yuan for Yifei’s bar mitzvah

　　In the Southern Metropolis Daily report, Chen Jinfei said that he became Liu Yifei’s godfather by chance 15 years ago. Later, he supported Liu Yifei, who was only 14 and a half years old at the time and was studying in the United States, to return to China and enter the entertainment industry. He personally renamed her "Liu Yifei".

　　In order to give Liu Yifei a better development, Chen Jinfei established a management company called "Red Star Dock", a seven-person company composed of only one artist, to serve and plan for her. Later, Chen Jinfei personally selected the Hollywood William Morris agency that had made Zhang Ziyi famous in the United States, and introduced Liu to Hollywood.

　　On August 17, 2005, Chen Jinfei threw 1.80 million and held a "Crystal Princess, Feiyue 18" coming-of-age ceremony for Liu Yifei at Fangfei Garden of Diaoyutai State Guesthouse.

　　Hainan Gold Rush made a fortune

　　Treat Liu Yifei as a family member

　　Who is Chen Jinfei? After searching on the Internet, the reporter found that he is the boss of Beijing General Industry Investment Group. Born in Beijing in 1962, he has a bachelor’s degree in economics from Renmin University of China. After graduating from university, he was assigned to work in the Ministry of Posts and Telecommunications. In 1987, Chen Jinfei went to sea to start a business. Three years later, he transferred to the real estate industry in Hainan and gained a lot. After that, he returned to Beijing to invest in real estate. In 2000, the General Industry Investment Group he headed had become one of the largest private enterprises in Beijing. Chen Jinfei also invested in a professional website for German Shepherds. In 2002, Chen Jinfei ranked 23rd on the Forbes list of the richest people in the Chinese mainland with assets of $215 million.

　　The reporter learned from people in the circle yesterday that a very popular theory about the relationship between Liu Yifei’s mother and daughter and Chen Jinfei is that Liu Yifei’s parents divorced when she was four years old, and her mother Liu Xiaoli brought Liu Yifei to the United States through a fake marriage with an American old man who was dozens of years older than her. Later, the mother and daughter couldn’t get along in the United States, and were brought back to China by Chen Jinfei in 2001. Later, Liu Yifei shot her first advertisement "Jinfei Apartment". And "Jinfei Apartment" is one of Chen Jinfei’s properties. When Liu Yifei’s mother and daughter returned to Beijing to live in Yungang, Fengtai, Beijing, many neighbors met Liu Chen and the three. And insiders know that Chen Jinfei regards Liu Xiaoli and Liu Yifei as relatives.

　　"The international gold price continues to hit a record high" on the hot search, with the soaring gold price, the investment boss who laid out it made a lot of money. Bridgewater (China) Investment’s three products are heavily invested in gold ETFs, with a total of 181.90 million fund shares; tens of billions of private high-tech assets Deng Xiaofeng’s two products hold () 699 million shares, and the company’s share price has risen by more than 40.53% this year.

　　For the "skyrocketing" gold price and gold stocks, can the market continue and will there be a main upswing? A number of institutions have released the latest research and opinions.

　　() believes that gold stands at the starting point of the medium and long-term bull market, and the elasticity of gold stocks is about 2.23 times that of gold prices. National Gold Securities believes that it is expected that the Federal Reserve will release a "easing signal" in Q2, which will become the starting point for the rising wave of gold stocks. In addition, a number of private equity companies believe that multiple positive resonance, the metal attributes of resource products are activated, and the consumption of non-ferrous commodities is expected to drive the bulls of commodities and start a wave of "periodic table" markets.

　　Bridgewater (China) Investment’s three products are heavily invested in gold ETFs

　　Since the beginning of this year, gold seems to have escaped the "gravity", and the price of gold has continuously refreshed historical highs, making gold stocks ETFs popular with market funds. On April 3, after the opening of the gold stocks ETF (159562) under China Asset Management was delayed by an hour, there was another violent increase until the daily limit. The ETF has risen by the limit for three consecutive days, and the premium rate is as high as 30%, setting a record.

　　Gold stocks ETFs are highly speculated by the market and cannot be separated from the rapid rise in gold prices. Since April, gold prices have continued to refresh historical highs. From the perspective of international gold prices, as of the morning of April 6, Beijing time, the gold futures contract for June settlement on the New York Mercantile Exchange closed at $2349.1/ounce, up 1.76% on the day. London spot gold closed at $2329.57/ounce, an increase of 1.77%. International gold prices continued to hit a record high, rising 13% during the year.

　　The soaring price of gold has also made the investment boss in the layout earn a lot of money. Foreign private equity Bridge Water (China) investment has a "soft spot" for gold. According to private placement network data, Bridge Water (China) investment’s three products are heavily invested in gold ETFs, totaling 181.90 million fund shares.

　　Specifically, Bridgewater’s all-weather enhanced China Private Offering Fund No. 2 holds shares of Bosera Gold ETF and E Fund Gold ETF. Bridgewater’s all-weather enhanced China Private Offering Fund No. 3 holds shares of three ETF products including Bosera Gold ETF, Huaan Gold Easy ETF and E Fund Gold ETF. Bridgewater’s all-weather enhanced China Private Offering Fund No. 1 holds shares of Bosera Gold ETF and E Fund Gold ETF.

　　For the "skyrocketing" gold price, Soochow Securities Research Report believes that gold usually declines three months before interest rate cuts. Therefore, as the interest rate cut cycle approaches, a pullback in gold will be highly likely. If you refer to the experience of gold standing at $1,000/ounce in 2009, 20% may be a hurdle, which also means that there may be some pullback pressure near $2,400/ounce.

　　"Torrential" gold stocks ushered in the main wave?

　　Regarding the "skyrocketing" gold price, Tianfeng Securities Research Report believes that gold is standing at the starting point of the medium and long-term bull market. Looking at the big cycle, it is most likely that it is in the middle and early stages of the gold bull market. There are favorable factors such as interest rate cut expectations, high inflation, and a downward dollar index on the macro level. Looking at the small cycle, the US dollar and US bond yields are declining, and the real interest rate may enter a downward cycle, superimposing the risk-off demand generated by geopolitics. Gold is currently in the middle of the rising stage of the small cycle paradigm, gradually moving towards a new high. At the beginning of this round of gold’s rising cycle, the elasticity of gold stocks is about 2.23 times that of gold prices

　　The latest research report of Guojin Securities strongly recommends paying attention to the main rising wave of gold stocks. The research report believes that under the combined effect of factors such as the good performance of gold stocks in 1Q2024 and the "easing signal" released by the Federal Reserve, 2Q2024 will usher in the main rising wave of gold stocks. The current market value of gold stocks does not reflect the expectation of a rise in gold prices, and may make up for it in the future. Based on the dimension of the Federal Reserve’s first interest rate cut in June, Guojin Securities expects that the Federal Reserve will release a "easing signal" in Q2, which will become the starting point for the main rising wave of gold stocks.

　　Xu Zhiyun, a partner of Ruisheng Investment, told reporters that the current round of gold prices has long been out of the previous real interest rate framework. Behind it is the purchase behavior of global central banks, which is essentially distrust of the US dollar system, which has led to the return of gold to monetary attributes. The swing of the Federal Reserve’s interest rate cut expectations has a short-term disturbance to market confidence, but as long as the market still believes that interest rate cuts are only a matter of time and rhythm, the central bank’s continued purchase behavior of gold will not change, and the long-term upward price of precious metals, including resource goods, is supported.

　　It is worth noting that tens of billions of private high-tech assets Deng Xiaofeng in this wave of gold bull market made a lot of money, Deng Xiaofeng management of Gao Yi Xiaofeng No. 2 letter fund heavily held Zijin Mining 401.7775 million shares, Gao Yi Xiaofeng Hongyuan fund also held Zijin Mining 297.05 million shares at the end of the period, Deng Xiaofeng’s two products together held Zijin Mining 699 million shares. As of April 3, Zijin Mining shares rose more than 40.53% this year.

　　"Periodic Table of Elements" market opens

　　Guangdong Xiaoyu Investment Li Shiyu told reporters that a major reason for the recent strengthening of resource stocks is that the market expects the Federal Reserve to start cutting interest rates this year. Secondly, due to geopolitical friction and risk impact, gold prices have been on the rise this year, and international gold prices have continued to hit record highs, which has also stimulated the price performance of other related resource products. The performance of gold prices is currently desensitizing interest rate hikes, and many historical trends have proved that the continuous rise of gold prices to new highs is the leading signal of a bull market in commodities.

　　Li Shiyu said that the Federal Reserve’s interest rate hike cycle will eventually end this year. Although there are "twists and turns", it will not affect the start of the interest rate cut cycle in 2024. The weak expectation of the US dollar will stimulate the "financial attributes" of non-ferrous metals. Coupled with the recovery of domestic and foreign demand, the PMI will rebound beyond expectations, which will greatly promote the consumption growth of non-ferrous commodities and is expected to start a new round of demand for some resource commodities.

　　Xu Zhiyun told reporters that the trend of the resource sector is strong, corresponding to the overall rise in the prices of important commodities such as gold, copper, and oil. The first is that the financial attributes of resource commodities are being fully activated. The market expects that the world will end the rapid interest rate hikes of the past two years and enter the interest rate cut cycle. In addition, the liquidity of the sky is still there, and resource commodities that are still at a low level compared with other major assets will be favored. As the commodity with the strongest financial attributes, gold prices continue to brush out record highs is a sign that financial attributes have been activated. Optimistic about the future rise of resource commodities, which is currently a rising dessert area, but we should also pay attention to the rhythm of surfing. Precious metal prices can be used as a leading indicator

　　Chen Hongbing, chairperson of Anhui Meitong Asset, told reporters that the recent strengthening of non-ferrous metals such as gold, copper and aluminum, the first is the expectation of the Federal Reserve to cut interest rates. Historically, the Federal Reserve has officially entered the interest rate reduction cycle, and the price of gold has a very high probability of rising during this period; secondly, the shortage of supply and demand! For example, the production reduction/shutdown of overseas copper mines will reduce the output of global copper concentrates by about 400,000 tons in 2024, and the expectation of market supply balance will be completely reversed into a shortage. Under the expectation of overseas interest rate cuts, the manufacturing industry is expected to recover, and the global resonance replenishment pool has completely fermented the market’s logic for copper supply problems. The logic of aluminum is similar. On the demand side, the industry has entered the traditional peak season

　　Ma Cheng, chairperson of Shenzhen Juze Investment, said that the recent performance of resource stocks is strong, first of all, the market estimates that the Federal Reserve will cut interest rates in the second quarter in the future, and commodity prices are expected to rise; second, the latest domestic PMI in March reached 50.8%, the data exceeded expectations, and the economy returned to the expansion range, which means that our country’s economy has recovered rapidly and is expected to drive resource commodity prices; third, the recent deterioration of the situation in the Middle East has stimulated the sharp rise in international crude oil prices and gold prices.

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