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On July 13th, the Ministry of Civil Affairs and 14 other departments jointly released the "Three-Year Action Plan for Expanding and Improving the Rehabilitation Assistive Device Industry (2026-2028)." Regarding payment guarantees, the plan supports the inclusion of eligible therapeutic rehabilitation assistive devices in medical insurance and explores the inclusion of intelligent services related to long-term care and supportive assistive devices in the long-term care insurance coverage. It also guides and encourages commercial insurance companies to include rehabilitation assistive device configurations in their commercial health insurance reimbursement scope. In terms of industry management, the plan accelerates the revision and formulation of mandatory standards for electric wheelchairs and recommended standards for wearable exoskeletons. Regarding talent cultivation, the plan supports eligible rehabilitation assistive device enterprises and institutions in establishing postdoctoral research workstations and supports universities and vocational schools in offering majors related to rehabilitation engineering and rehabilitation assistive device technology.On July 13, the General Office of the CPC Central Committee and the General Office of the State Council issued an opinion on improving the system for managing natural resource assets. The opinion mentions improving the system for inventorying, statistically analyzing, and accounting for natural resource assets. It calls for integrating and utilizing the results of natural resource surveys, land space monitoring, registration of ownership, grading, and valuation to conduct regular inventories of natural resource assets, clarifying the physical quantity, exploring ways to calculate the value, ascertaining the baseline of natural resource assets, and clarifying the status of usage rights. It also calls for establishing an annual update mechanism for the results of natural resource asset inventories and strengthening the analysis and application of these results. Furthermore, it emphasizes improving the statistical system for all-people-owned natural resource assets, improving the system for compiling natural resource asset balance sheets, and promoting their routine compilation. Finally, it explores the development of natural capital accounting.On July 13, the General Office of the CPC Central Committee and the General Office of the State Council issued an opinion on improving the system for managing natural resource assets. The opinion mentions improving the market system and rules for natural resource assets. It calls for deepening the reform of the paid use system for natural resource assets, establishing and improving rules for the allocation, transfer, leasing, valuation as investment (equity participation), joint ventures, and contracted management of natural resource assets in accordance with laws and regulations, improving relevant natural resource asset allocation contracts, clarifying the rights, obligations, and responsibilities of all parties, and implementing full life-cycle management. It also explores the establishment of a paid use system for state-owned agricultural land. The opinion promotes competitive bidding for mining rights and strictly controls negotiated bidding. It aims to gradually increase the proportion of market-based allocation of sea area use rights. It also aims to cultivate and regulate the water rights trading market. Furthermore, it calls for formulating rules for grading, classifying, and valuing natural resource assets in accordance with laws and regulations, and improving the natural resource asset pricing system. Finally, it emphasizes improving the natural resource asset trading mechanism, strengthening dynamic market monitoring and supervision, establishing a market credit system, and maintaining market order for natural resource assets.On July 13, the General Office of the CPC Central Committee and the General Office of the State Council issued an opinion on improving the system for managing natural resource assets. The main objectives are: by 2030, the system for managing natural resource assets will be more complete, with clearer responsibilities, a clearer picture of asset holdings, stronger overall protection, more efficient asset allocation, and more comprehensive assessment and supervision; all types of natural resource assets and all national land space will be effectively protected, and the level of natural resource asset management will be significantly improved. By 2035, the system and mechanisms for managing natural resource assets will operate smoothly, a complete and systematic system for managing natural resource assets will be fully established, and the level of natural resource asset management will be comprehensively improved.On July 13, the National Medical Products Administration and the National Healthcare Security Administration formed a joint inspection team to conduct joint inspections of medical institutions and pharmaceutical wholesalers in some cities in Inner Mongolia Autonomous Region and Shanxi Province, based on clues from drug traceability code screening. It is understood that the joint inspection by the two departments focused on prominent issues in the management of medical insurance funds and key links in the distribution of drugs, using abnormal drug traceability and duplicate medical insurance settlements as starting points. Inspections were conducted at some medical institutions and pharmacies, and any violations discovered will be dealt with seriously according to law.

Catherine Wood, Women’s Version Of Warren Buffett

LEO

Oct 25, 2021 14:07

Cathie-Wood.jpeg


The active ETF fund ARK Innovation ETF (ARKK) managed by Catherine Wood rose 170% last year, and its management scale increased by 10 times. Several other ETFs also performed well. This kind of speed and brilliance is unprecedented in active ETF funds. Catherine Wood’s hot performance has aroused major media reports, and is therefore known as Warren Buffett’s Latest Challenger (Warren Buffett’s Latest Challenger).


Never hire professional financial professionals

Catherine Wood has 40 years of professional investment experience and is a veteran of Wall Street. Before founding ARK, she worked in many organizations. Her last employer was the well-known AllianceBernstein (UnionBernstein Fund). She worked there for 12 years and managed $5 billion in assets.


Obviously, Catherine Wood is not bound by institutions. She came out to start a business, founded ARK, and recruited analysts from all over the world. She never recruits financial professionals or MBAs. Her team includes cancer scientists, artificial intelligence experts, game engineers, and even captains.


In terms of external communication, ARK is also very different. They provide free subscription services to retail investors and disclose the company's positions and investment decisions daily, which is extremely transparent.


Her main investment focus is to buy disruptive and innovative companies. In the past few years, the ARK Fund has concentrated on betting on popular stocks such as Tesla, Roku, Square, and biotechnology driven by the Covid-19 epidemic. She told the media last month that she has ambitions to triple the money of investors in the next five years. "Many managers focus on how to beat the index, we think this is not seeking to make progress." Catherine Wood said. She believes that the traditional large funds' analytical thinking on technology stocks is backward, and it is difficult to keep up with the ever-changing era, which is the primary reason for her establishment of ARK.


The Woman Behind Tesla

ARK invested in Tesla about 5 years ago, and it has always been the largest holding of the fund. In the past 12 months, Tesla's stock price has soared nearly 10 times. In addition to the influx of tens of billions of dollars into the Ark, there are more retail investors looking at the stocks that Ark buys and sells every day, and by "copying work", expecting to get rich overnight.


Traditional analysts believe that Tesla is a car company, but Catherine Wood thinks that this view is grossly wrong. She believes that Tesla is actually not only a robotics company; because of its emphasis on battery technology, it is also an energy storage company; coupled with the development of driverless cars, it is also an artificial intelligence company.


From 2016 to 2018, when the market questioned Tesla, she continued to increase her share of Tesla. In mid-January 2020, Catherine Wood raised the Tesla target to $6,000. At the end of January 2020, ARK Invest published an article stating that the target price of Tesla stock was $7,000.


Investment Ark Fund

Ark is different from general funds and has a special positioning. The "risk/reward" attribute of Ark lies between growth funds and venture capital funds, and is a highly volatile target. Ark is a company that has evaluated disruptive innovations in the past five years. It is a long-term investment attribute. During the period, it will enter and exit. It is an operation to adjust the proportion of allocation or reduce costs. Most of the loss targets have very large price fluctuations, and investors are the best. Have a long-term investment mentality.


If you don't want to worry about your brain, it is most convenient to invest in the flagship ARKK, which already covers all the targets that women stocks are optimistic about. In addition to ARKK, Ark also has 4 other ETFs, each with its investment focus. If investors are already interested in these areas, they can directly choose these ETFs.


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