Fintech PR

China’s Xiamen: A successful practice of sustainable development in bay city

Published

9 months ago

February 28, 2024

CISION (PR Newswire)

china’s-xiamen:-a-successful-practice-of-sustainable-development-in-bay-city

BEIJING, Feb. 28, 2024 /PRNewswire/ — A report from People’s Daily

Xiamen in southeast China’s Fujian province is a typical bay city. It rises from the sea, drawn into its embrace.

The ecological conservation of bay cities is a global issue. Xiamen is rich in marine resources, but its sea area is small, which has been subjected to intense development and frequent economic activities. As a result, the city’s marine ecosystem was once fragile.

On March 30, 1988, Xi Jinping, who then served as a member of the Standing Committee of the Communist Party of China Xiamen Municipal Committee and executive vice mayor of Xiamen, chaired a special meeting on cleaning up the Yundang Lake in Xiamen.

Photo taken in January 2024 shows the Yundang Lake in Xiamen, southeast China's Fujian province.

The meeting is believed as the start of the comprehensive treatment of the lake that has lasted more than 30 years so far. It also started Xiamen’s ecological protection and restoration of sea, river basins, and the entire region, as well as coordinated efforts on land and at sea to improve the city’s marine ecological environment.

While advancing the comprehensive treatment of the Yundang Lake, Xiamen launched cooperation with the Partnerships in Environmental Management for the Seas of East Asia (PEMSEA) in 1994 for integrated coastal management.

It successfully developed a model featuring in-advance legislation, centralized coordination, technological support, integrated law enforcement and public participation, which has been recognized by the International Maritime Organization as the “Xiamen Model.”

This model for integrated coastal management in Xiamen, along with efforts for the River Thames in Britain and the Boston Harbor in the U.S., has been highlighted by the Joint Group of Experts on the Scientific Aspects of Marine Environmental Protection as three exemplary global cases that show that determined, coordinated action can produce benefits even in large urban areas, where development and population pressures are concentrated. The “Xiamen Model” has been widely promoted internationally and has had a significant impact.

Over the past 30 years, Xiamen has gradually built a “circle of friends” to share its ideas and experiences, actively participating in global marine governance.

The city has conducted training courses in Costa Rica on topics such as mariculture technology and marine spatial planning. It has also collaborated with Thailand on beach restoration in Pattaya and established a joint marine ecology station in North Sulawesi province, Indonesia.

“The practices of Xiamen in marine ecological conservation provide valuable references for other countries and regions. This is a meaningful step in the history of global marine governance,” said PEMSEA Chair Emeritus Chua Thia-Eng.

In October 2005, an international marine city forum was held in Xiamen, and since 2007 it has been officially upgraded to the World Ocean Week in Xiamen. The event has become one of the most important platforms globally for promoting water cooperation and exchanges.

Today, the World Ocean Week in Xiamen has been held for 18 consecutive years and has gradually developed into an international annual event that combines ocean-themed forums, professional exhibitions, and ocean cultural carnivals.

Many important collaborations on the ocean took place in the grand event, and many significant achievements were born there.

It has collaborated with important international programs such as the United Nations Decade of Ocean Science for Sustainable Development, and established a long-term cooperation mechanism with the Global Ocean Negative Carbon Emissions program.

The International Digital Twins of the Ocean Summit 2023 was held during the World Ocean Week in Xiamen, which used data to create a virtual ocean and provide a strong digital foundation for the development of the ocean economy and ecological protection.

The Digital Deep-Sea Typical Habitats major scientific program was officially announced during the 2023 World Ocean Week in Xiamen, bringing together top scientists around the world to explore the deep sea.

“I am very encouraged by Xiamen’s active participation in international ocean cooperation,” said Peter Thomson, the United Nations Secretary-General’s Special Envoy for the Ocean, when attending the opening ceremony of the World Ocean Week in Xiamen in November 2023. It was the third time for him to join the event.

Xiamen is deeply involved in global ocean governance, fostering “blue partnerships” and strengthening cooperation with relevant countries and regions in areas such as marine resource development and marine ecological restoration.

It has collaborated with ASEAN countries on the seaweed industry and the construction of marine protected area networks. It has also joined forces with BRICS countries to establish a BRICS ocean sustainable development research center.

Additionally, Xiamen has partnered with multiple countries’ marine authorities, including Cambodia, Indonesia, Thailand, and the Solomon Islands, as well as the UNESCO Intergovernmental Oceanographic Commission’s Sub-Commission for the Western Pacific, to launch the Blue Citizen Initiative and incorporated it into the deliverables of maritime cooperation under the Belt and Road Initiative.

Furthermore, the Secretariat of the PEMSEA Network of Local Governments has permanently settled in Xiamen.

Through these efforts, Xiamen aims to contribute Chinese wisdom and solutions to addressing global marine ecological issues, and to provide solutions for the protection and sustainable development of the world’s marine environment.

“I find China’s ecological civilization approach to be very inspiring,” said Thomson, adding that Xiamen, once a participant in international programs, should take the lead in certain areas of marine conservation.

Photo – https://mma.prnewswire.com/media/2349839/20240228162432.jpg

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View original content:https://www.prnewswire.co.uk/news-releases/chinas-xiamen-a-successful-practice-of-sustainable-development-in-bay-city-302073971.html

Fintech PR

Fintica AI and Legend Arb of Hong Kong Announce Strategic Investment and Partnership

Published

2 hours ago

November 28, 2024

CISION (PR Newswire)

HONG KONG, Nov. 27, 2024 /PRNewswire/ — Fintica AI Ltd, a leading innovator in next-generation AI solutions for capital markets, and Legend Arb Trading Limited, a Hong Kong-based proprietary trading firm with a global footprint across major financial hubs such as Shanghai, Taiwan, and Singapore, have announced a strategic investment and partnership.

Through this collaboration, Legend Arb has made a strategic investment in Fintica AI, strengthening the partnership between the two companies. This alliance will empower Legend Arb to advance its quantitative trading capabilities by harnessing Fintica AI’s unique unsupervised artificial intelligence technology. The partnership also aims to launch innovative new products and solutions. Simultaneously, Fintica AI will expand its business development efforts and market presence in Hong Kong and the Greater China region.

Kace Lam, Chief Executive Officer of Legend Arb, stated:
“Legend Arb is excited to collaborate with Fintica AI and its world-class AI technology team, known for pioneering advancements in quantitative modeling for financial markets. By combining Fintica AI’s deep academic and R&D expertise with our robust trading experience, we are poised to unlock significant value and drive innovation in quantitative trading strategies.”

Philippe Metoudi, Chief Executive Officer of Fintica AI, remarked:
“This partnership with Legend Arb represents a significant step forward in our mission to revolutionize the financial markets with advanced AI solutions. By joining forces, we can harness our respective strengths, explore the untapped potential of Hong Kong and Greater China’s financial sector, and deliver transformative innovations that shape the future of quantitative investment.”

About Fintica AI Ltd:
Fintica AI is a leading fintech company specializing in advanced AI solutions for capital markets. Its flagship platform, Spectrum MRI, delivers state-of-the-art tools for identifying market regimes across asset classes, including equities, fixed income, and commodities. By offering predictive analytics and robust risk-management capabilities, Fintica AI empowers investment managers, quantitative analysts, and strategic allocation teams with cutting-edge decision support tools. Headquartered in Tel Aviv, the company maintains a strong presence in major global financial hubs, driving innovation and excellence in the financial industry.

About Legend Arb Trading Limited:
Legend Arb is a Hong Kong-based proprietary trading company with a global presence in major financial centers like Shanghai, Taiwan, and Singapore. Specialized in pricing of Chinese-related products, equity index futures, and commodities futures, Legend Arb acts as a committed market maker to provide liquidity for HKEX and SGX.

For further information:
Visit www.fintica-ai.com
email [email protected].

View original content:https://www.prnewswire.co.uk/news-releases/fintica-ai-and-legend-arb-of-hong-kong-announce-strategic-investment-and-partnership-302317533.html

Fintech PR

24 Exchange Receives SEC Approval of its New National Securities Exchange, “24X National Exchange”

Published

5 hours ago

November 27, 2024

CISION (PR Newswire)

24X National Exchange Plans to be the First Exchange to Offer U.S. Equities Trading 23 Hours-Per-Day on Weekdays

STAMFORD, Conn., Nov. 27, 2024 /PRNewswire/ — 24 Exchange announced today that it has received approval from the U.S. Securities and Exchange Commission to operate 24X National Exchange as the first national securities exchange in the U.S. that allows trading of U.S. securities 23 hours each workday. The extended hour trading is subject to Equity Data Plans making changes that would facilitate overnight trading hours and 24X National Exchange making an additional rule filing with the SEC confirming the changes and the Exchange’s ability to comply with the Securities Exchange Act.

24X National Exchange will be subject to the SEC’s ongoing regulatory oversight and full range of investor protections. The new Exchange will enable retail and institutional customers anywhere in the world to trade in U.S. equities via broker-dealers who are approved members of 24X National Exchange.

24X National Exchange will be launched in two stages. A first stage will open in the second half of 2025, with the Exchange operating from 4:00AM ET to 7:00PM ET on weekdays. The second stage, which will launch once the conditions noted above are met, will offer trading in U.S. equities from 8:00PM ET on Sunday through 7:00PM ET on Friday. A one-hour operational pause will occur during each trading day to accommodate routine software upgrades and functionality testing.

24 Exchange CEO and Founder Dmitri Galinov said: “The SEC’s approval of our new exchange is a thrilling development that the 24X Team has been working toward for many years. Traders are most at-risk when the market is closed in their geographic location. 24X National Exchange will seek to alleviate this problem by facilitating around-the-clock U.S. equities trading for broker-dealers and their institutional and retail customers.”

As the first national securities exchange approved by the SEC to operate 23 hours each weekday, subject to the conditions noted above, 24X National Exchange will initially focus on capturing the expanding demand in the APAC region for overnight liquidity in U.S. equities.

The 24X National Exchange will run on a proven, state-of-the-art technology platform provided by MEMX Technologies. The new Exchange’s executive team will place a high priority on enhancing client experience through continuous technology innovations and improvements.

“With this historic SEC approval in place, we will build and operate a customer-driven Exchange that can rapidly align with market demands and adapt quickly to client feedback,” Galinov added. “We look forward to bringing a superior trading experience to global customers. 24X National Exchange will deliver the cost efficiency, speed, resilience, and adaptability that the company’s financial institutional customers have long come to expect.”

24X National Exchange will close on U.S. market holidays, similar to the schedules maintained by the NYSE and Nasdaq.

24 Exchange through 24X Bermuda Limited, an affiliate of 24X National Exchange, will continue to offer FX NDFs, Swaps and Spot trading to institutional clients. Since its launch in 2019, 24 Exchange’s multi-asset offering through a single trading interface has enabled clients to access increased liquidity at lower cost.

About 24 Exchange

24 Exchange allows market participants to seamlessly exchange their exposures at the lowest possible cost. 24 Exchange’s mission is to enable members to initiate the most cost-effective trades across a growing range of asset classes, 24 hours a day. 24 Exchange lowers the cost of exchanging assets in the global markets while delivering creative and unique workflows catered to each asset class. More information is available at https://24exchange.com/.

Media Contact:
Eric Andrus, KARV
[email protected]
Phone: +1 (212) 333-0275

View original content:https://www.prnewswire.co.uk/news-releases/24-exchange-receives-sec-approval-of-its-new-national-securities-exchange-24x-national-exchange-302317888.html

Fintech PR

HPOS10I Lands on ByVotes to Get Community Backing for Bybit Listing

Published

8 hours ago

November 27, 2024

CISION (PR Newswire)

hpos10i-lands-on-byvotes-to-get-community-backing-for-bybit-listing

DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, unveiled a new candidate for a potential Bybit Spot listing via ByVotes, HPOS10I (HarryPotterObamaSonic10Inu). Voting is now open for Bybit users with an opportunity to divide a prize pool of 1,800,000 HPOS10I.

From now to Nov. 29, 8AM UTC, supporters of HPOS10I may cast their votes for the project in two simple steps: deposit eligible assets into their Bybit account to produce a holdings snapshot, and head over to ByVotes to cast their votes. With sufficient votes from the community, the project will be listed on Bybit Spot, and the voters will receive a share of the airdrop from HPOS10I.

The iconic memecoin was the first of its kind to fuse the realm of fantasy and the chaotic lure of crypto, leaving its mark in crypto history since its launch in May 2023. It is known for its vibrant community, the Sproto Gremlins, an NFT collection of 3,333 exclusive unique manifestations of HPOS10I’s egregore.

Bybit has recently revamped ByVotes to raise the bar for listing requirements and yield more power to the community. Users now have more control over the number of votes they get by increasing holdings or by referrals, while unlocking more earning potentials from project listings.

The new mechanism enhanced both project quality and community engagements. A variety of tokens have achieved 100% listing odds via ByVotes, including CHILLGUY, LUCE, and NEIROCTO, among others. Multiple projects featured exclusive airdrops for the community that helped them become listed on Bybit Spot.

ByVotes provides an arena for niche projects where participants stand to be rewarded from various prize pools if the projects they vote for succeed in getting listed status on Bybit Spot: ByVotes Spot.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: [email protected]

For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media