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Thursday November 23, 2017

At a Glance

CHINA’S fi rst Internet auction of planes wrapped up Tues-day, with the Shenzhen-based logistics company SF Express winning the bids for two cargo planes at over 320 million yuan (US$48.35 million), Xinhua reported.

Three cargo planes were available for bidding. They were previously owned by Jade Cargo International Co. Ltd., a Sino-German cargo company that fi led for bankruptcy at the Shenzhen Intermediate People’s Court in 2013.

The court’s auditors found that Jade Cargo had assets totaling around 1.7 billion yuan, but debt amounting to around 4.7 billion yuan as of Sept. 17, 2013.

The main assets owned by Jade Cargo were three Boeing 747 cargo planes and 11 engines. Since Oct. 26, 2015, the audi-tors had carried out six auc-tions to sell the cargo planes, but none of the auctions sold the planes .

The auditors resorted to an online auction with a starting price of 390 million yuan. Under

the court’s guidance, all three cargo planes, along with the engines, were put onto Alibaba’s online auction platform.

At 10 a.m. Monday, the auc-tion for the planes registered as B-2421 (including 3 GE engines), B-2422 (including 4 GE engines) and B-2423 (including 4 GE engines) began. The starting prices were 122.6 million yuan, 134 million yuan and 135 million yuan, respectively.

The B-2421 cargo plane was parked at the Shenzhen airport while the other two were parked at Shanghai Pudong Interna-tional Airport. The auctions attracted nearly 800,000 view-ers online.

After 26 rounds of bids, SF Express bought the B-2422 for 160.78 million. The logistics giant also nailed down the B-2423 for 162.04 million after 27 rounds of bids.

One of the auctions failed because only one buyer regis-tered a bid, the court said.

According to Long Guangwei, deputy director of Shenzhen Intermediate People’s Court,

2 cargo planes sold in online auction

buyers were required to pay various amounts of deposits before the auction.

It has become a trend for courts to hold online auctions since 2012 when the Supreme People’s Court launched a trial online judicial auction. In August 2016, the court gave an offi cial judiciary explanation of online auctions. Since the begin-ning of this year, courts around the country have started to

launch online judicial auctions.So far, Alibaba’s online auc-

tion platform has auctioned off 330,000 items with a trade volume of 460 billion yuan.

Luo Weixing, the general manager of the auction depart-ment at Alibaba Group, said that the online judiciary auction is an innovative method that can fully protect the stakeholders’ interests with a fair, open and effi cient system. (Zhang Qian)

A MAN was detained for alleg-edly making up and spreading a rumor about a property owner receiving skyhigh compensa-tion from the government to make way for construction near Shenzhen North Railway Station in Longhua District.

The man, surnamed Sun, allegedly started the rumor after he saw a video clip of the demoli-tion of the unfi nished building, which has been considered an illegal structure, in his WeChat Moments.

Sun said on his WeChat, which has more than 2,000 friends, that the property owner, who had refused to relocate from the unfi nished building for years, received 130 million yuan (US$19.4 million) in compen-sation from the government, according to Longhua police.

Sun, who owns a property agency in Longgang, started the rumor in order to persuade customers to buy apartments in Longhua. He came up with the 130-million-yuan fi gure by estimating the fl oor space of the unfi nished building and the housing prices in the neighbor-hood.

The rumor was recreated into different versions after Sun circulated it in his WeChat Moments.

Sun attempted to delete the rumor from his phone when he was caught by police.

The building’s owner said she was com-pensated 16 million yuan, since the building was treated as an illegal struc-ture. (Han Ximin)

Man detained for spreading rumor

Tollgate dismantlementTHE city’s transport com-mission will dismantle fi ve tollgates on Longda Express-way, which became toll-free last year.

In the effort to turn the expressway into an urban trunk road, the commission will expand the expressway into eight lanes in two direc-tions and will set up inter-changes at 11 juncture points with Guangtian Road, Nan-guang Expressway, Lisong-lang Road, Xingongchang Road, Guanguang Road and Guangqiao Road. Work will start in 2019, according to the city’s 13th Five-Year Plan.Chip smugglingA WOMAN in Yantian Dis-trict was caught smuggling 1,180 SD cards by tying them around her waist, according to Shatoujiao Customs on Tuesday.

The woman looked suspi-cious when she entered Sha-toujiao Checkpoint on Nov. 14, and she didn’t appear to be carrying anything. The woman sped up as she passed through the customs while offi cers were checking other travelers.

This is the second time that the woman has smuggled SD cards since September.River treatmentTHE water quality of Silian River, one of the six polluted rivers designated for treat-ment in Longgang, has been greatly improved.

Authorities have treated 6.44 kilometers of the river, which starts at Wutong Moun-tain, and have been intercept-ing sewage water before it gets discharged into the river.

The unfi nished building is being demol-ished in Longhua. SD-Agencies

A researcher with the Ocean Art Research Center under Shenzhen University shows a boat model to students at Kuichong Central Primary School in Dapeng New Area on Tuesday. The Kuichong school was the fi rst leg of a campaign promoting ocean culture in schools in Dapeng. The Ocean Culture Week was initiated by the tourism bureau of Dapeng. Shenzhen University’s Ocean Art Research Center, set up in 2014, is one of the most authoritative think tanks in ocean studies in the country. Sun Yuchen

Ocean Culture Week

A snapshot of the online auction of a cargo plane. SD-Agencies

Zhang Qianzhqcindy@163.com

THE country’s No. 1 chemistry competition for high school stu-dents, the 31st Chinese Chemistry Olympiad (CChO), kicks off today in Shenzhen, with 341 students and over 500 teachers as well as observers in attendance.

The competition, also a Winter Camp for all participants, will last until Nov. 29. It is sponsored by the Chinese Chemical Society and China Association for Science and Technology. The Southern University of Science and Tech-nology (SUSTech) and Shenzhen

Society of Chemistry and Chemi-cal Industry are co-organizing the competition this year.

It is the fi rst time that the national competition is being held in a city that is not a pro-vincial capital, said Zhang Xumu, dean of the Faculty of Chemistry of SUSTech, yesterday.

The contestants, from across China, will sit for a theory exami-nation in Pingshan District on Saturday and an examination of experiments at SUSTech in Nan-shan District on Sunday. After the exams, the participants will tour BYD’s offi ces Monday.

Wu Chuanyue, vice president

of SUSTech, said the university has been devoted to preparing this top science competition for the past two years and is fully prepared for examining the experiments.

The university also promised that the students who win the gold and silver medals during the fi nal competition can be enrolled to SUSTech without having to take exams.

Gold-medal winners who choose to go to SUSTech after graduating from high school can also receive a 400,000-yuan (US$604,63) scholarship for a one-year exchange program at

the California Institute of Tech-nology in the United States.

Also, gold medal winners in the competition will receive three weeks of training and take further exams for the chance to be selected as the four candidates to represent China in the 50th International Chemistry Olym-piad (IChO) next year.

According to Wu, the CChO has served to select the country’s top chemistry talents over the past few decades. Many prize-win-ning students in the competition several years ago are now con-tributing to the country’s most infl uential chemistry projects.

China’s top chemistry competition starts in Shenzhen