Chas­ing my first 5,000 yuan in free money

China Daily (Hong Kong) - - PAGE TWO -

I am a hunter. Be­fore you con­jure an im­age in your mind of me stalk­ing the streets of Bei­jing with a 12-bore shot­gun as I seek my quarry, calm your­selves, dear read­ers.

What I mean, in fact, is that liv­ing up to the old­fash­ioned stereo­type of peo­ple from my na­tive coun­try of Scot­land as be­ing “care­ful with money”, my hunt­ing in­volves the search for a few ex­tra pen­nies.

For most peo­ple, I am cer­tain that the con­cept of “free money” is very ap­peal­ing,

This Day, That Year

Item­fromJuly11,1983,in Chi­naDaily:Chi­naPetro­chem­i­calCor­p­was­es­tab­lished­to­day­toac­cel­er­atethe de­vel­op­mentoftheoiland gas­sec­tor.

The­com­pa­ny­willbe re­spon­si­ble­fortheover­all plan­ningand­man­age­ment ofthe­p­ro­duc­tio­nandthe im­por­tand­ex­port­busi­ness ofthe­coun­try’spetro­chem­i­calin­dus­try.

For the past few decades, China’s oil and gas sec­tor has been dom­i­nated by three State-owned heavy­weights: China Na­tional Petroleum Corp, China Petro­chem­i­cal Corp and China Na­tional Off­shore Oil Corp.

In May, the State Coun­cil, China’s Cab­i­net, un­veiled a and Chi­nese bike-shar­ing gi­ant Ofo is well aware of this, as it now of­fers small fi­nan­cial in­cen­tives to its cus­tomers.

My “hunt­ing”, like that of many other users of the pop­u­lar trans­porta­tion app, in­volves search­ing for “red en­velopes” that ap­pear in some ar­eas where Ofo bikes are avail­able.

What adds to the al­lure of this of­fer, and the “thrill of the chase” is that these “red en­velopes” could con­tain any­thing from a few jiao up to 5,000 yuan ($735).

All you need to do is hire a bike from one of the “red en­ve­lope” ar­eas show­ing up on the app, use the said ve­hi­cle for at least 10 min­utes, then, af­ter you pay the fee for hir­ing the bike, a red en­vel- re­form plan to open up the coun­try’s en­ergy sec­tor.

The long-awaited re­form aims to cre­ate a flex­i­ble and ef­fi­cient mar­ket-ori­ented mech­a­nism with the in­cor­po­ra­tion of pri­vate share­hold­ers to im­prove the man­age­ment of State-owned com­pa­nies.

Pri­vate en­ti­ties are now wel­come to in­vest in and run oil and gas stor­age fa­cil­i­ties.

Oil ma­jors are al­ready tak­ing ac­tion.

Sinopec Group, the listed arm of China Petro­chem­i­cal Corp, plans to co­op­er­ate with pri­vate com­pa­nies in sales of re­fined oil, while the CNPC said it will al­low pri­vate com­pa­nies to hold up to a com­bined stake of 49 per­cent in oil ex­plo­ration busi­nesses. ope will ap­pear on the screen.

Sim­ply open it, and the fi­nan­cial gift will be re­vealed.

Af­ter you have “earned” 10 yuan from the en­ve­lope you

In April, Sinopec an­nounced that it has ap­proved the over­seas list­ing of its ma­jor­ity-owned sub­sidiary Sinopec Mar­ket­ing Co.

It is seen as the lat­est move to fur­ther open up the coun­try’s en­ergy mar­kets.

The num­ber of over­seaslisted shares to be is­sued will be 10 per­cent of the to­tal share cap­i­tal, ac­cord­ing to the com­pany.

Last year, the group’s net are given the op­tion of trans­fer­ring it to your WeChat or Ali­pay wal­let, trans­form­ing the vir­tual earn­ings into money you can spend on what­ever you want.

Ini­tially I dis­missed this as just an­other mar­ket­ing gim­mick, but when I up­dated the Ofo app on my smart­phone sev­eral weeks ago, and the “red en­ve­lope” op­tion started to ap­pear I caught the bug, and be­gan seek­ing out these po­ten­tially lu­cra­tive of­fer­ings.

So, how much have I amassed since I started “hunt­ing”? So far, about 27 yuan.

I will let you know when I have made my first 5,000.

Con­tact the writer at ian@chi­ prof­its rose by 43.8 per­cent, reach­ing 46.4 bil­lion yuan ($6.75 bil­lion), while its op­er­at­ing rev­enue fell by 4.4 per­cent to 1.93 tril­lion yuan.

China aims to in­crease do­mes­tic crude oil out­put to 200 mil­lion met­ric tons by 2020, while the sup­ply ca­pac­ity for nat­u­ral gas should ex­ceed 360 bil­lion cu­bic me­ters, ac­cord­ing to a gov­ern­ment plan re­leased in Jan­uary.


A cou­ple take self­ies in front of a foun­tain in the Ser­bian cap­i­tal Bel­grade.


An Ofo bike on dis­play at the Bei­jing In­ter­na­tional Bi­cy­cle Ex­hi­bi­tion on Satur­day.

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