The government work report at the two sessions this year clearly stated that in the future, the country will gradually relax or even cancel restrictions on share ratios in some areas, while also fully liberalizing the manufacturing industry. Recently, related parties have revealed to the media that the long-discussed Chinese auto joint venture stocks ratio will soon be liberalized and have now entered the proceedings of related departments. However, the person did not disclose the specific time for the shares to be released and the details of the release. The fact that car stocks are more open than they have been discussed for a long time, the following big coffee came to sort out relevant information.
Shares open to countdown
It is reported that China's current auto companies have imposed more than 20 years of restrictions on joint venture shares. The "Automotive Industry Policy" issued in 1994 set a ceiling of 50% on the shareholding ratio. In addition, it requires foreign companies to set up two or more joint ventures and cooperative enterprises in China for the same type of vehicle products.
There has been controversy about whether to release 50:50 shares from the bottom line. Some people think that opening up can enable local companies to truly grow, but there are also views that the liberalization of industrial policies at the current stage will squeeze the development space of the national auto industry and exert a fatal blow to the development of self-owned brands.
As early as November 2013, the Ministry of Commerce proposed that in the future, the restrictions on foreign investment in general manufacturing fields such as automobiles should be further relaxed, including restrictions on foreign investment in registered capital, equity ratio, and business scope.
In 2017, the equity ratio of the joint venture was again mentioned. In April, the three ministries and commissions of the National Development and Reform Commission, the Ministry of Industry and Information Technology, and the Ministry of Science and Technology proposed to improve the domestic and foreign investment management system and jointly release the joint venture in an orderly manner. Corporate shares limit.
At the two sessions this year, the National Development and Reform Commission stated that in 2018, it will further revise the negative list of foreign investment with relevant departments, fully liberalize the general manufacturing industry, relax or cancel restrictions on foreign capital ratios in some areas, and relax or cancel the restrictions on business scope. The long-discussed Chinese auto joint venture stocks ratio will soon be liberalized, and it has now entered the proceedings of related departments.
Independent brand is not afraid of impact
Now that the Chinese auto industry has made great progress, its own brand is also becoming stronger and stronger in the technology and strength of the automaker. According to the statistics of the Ministry of Industry and Information Technology, China’s auto production and sales exceeded 28 million last year, ranking the first in the world for nine consecutive years, of which sales of self-owned brands accounted for about 50% of sales.
In the domestic auto market competition, independent brands have been able to compete against joint venture brands. In the car's exterior design and interior work, the progress is most obvious. In the past, the three weakest automobiles have achieved remarkable results through continuous investment in research and development. Chang'an, the Great Wall, and SAIC have all independently developed excellent engines.
Compared with the opening of the automotive joint venture stocks, the current independent brands have no fear of impact. In addition, the "Mid-term and long-term development plan for the automotive industry" also clarified the goal of Chinese autos "going out": By 2020, Chinese brand cars will gradually export to the markets of developed countries.
Big coffee review
Automobile stocks have indeed been discussed for a long time than the issue of opening up, and it is now clear that the ratio of China's auto joint venture stocks will soon be liberalized. From one side, it also reflects the tremendous progress of the domestic auto industry and the gradual strengthening of independent brands. After the opening of the automotive stocks in the future, the competition in the domestic auto market will become more intense.
The Crankshaft Position Sensor is usually installed inside distributor, is one of the most important Sensor in the ignition system. Normally crankshaft position sensors have Hall- type, Magnetic-electric type and Photoelectric type. Its functions are as following: first, it can detect engine speed, therefore, it also known as the rotational Speed Sensor. Second, it can detect the position of top dead center of piston, so also know as TDC sensor.
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Crankshaft Position Sensor
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