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Artprice by Artmarket.com: 28th annual report – The Art Market in 2023. A new record number of artworks sold at auction. Biggest national marketplace: the USA. Female artists showed spectacular growth
PARIS, March 7, 2024 /PRNewswire/ — Our 28th Artprice Annual Report “The Art Market in 2023” offers a global summary and analysis of auction results for works of fine art – paintings, sculptures, drawings, photographs, prints, videos, installations, tapestries, and NFTs – throughout the year (January 1 to December 31, 2023). It does not cover antiques, anonymous cultural property, or furniture.
All prices indicated in this Artprice by Artmarket Report refer to public auction results, buyers’ fees included. The $ symbol refers to the US dollar.
The bottom line figures for the global art market in 2023 are positive with transactions up significantly (+5%) and a historic record in the number of works sold.
2023 stands out as the most dynamic year in the history of the global Art Market, with more than a million works put up for auction and 763,000 transactions.
According to thierry Ehrmann, CEO of Artmarket.com and Founder of Artprice: “This growth resulted from a spectacular progression of auctioneers’ Internet activities with a 545% growth in the advertisement of Internet auctions, and a 285% growth in the number of ‘live sales’ around the world, after three years of Covid pandemic. Such growth figures were previously expected for 2027-2029.”
The United States maintained its first place generating 35% of global art market auction turnover, but with China hot on its heels with 33%.
Moreover, in this year of Franco-Chinese cultural & touristic cooperation, art market professionals are expecting a substantial expansion of the Chinese art market, possibly taking the leader position in 2024.
For the compilation of our latest annual report (the world’s most comprehensive report on the global art market), Artprice by Artmarket.com – world leader in Art Market information – has pursued its collaboration – for the 15th consecutive year – with its partner, the Chinese State group, Artron. The global coverage of art auctions made possible by the association of Artprice and Artron ARAA has resulted in an exhaustive view of the structural evolution of the global art market and its trends on a global scale.
In this report, Artprice presents, among other data, its now famous rankings, including the Top 500 artists by annual auction turnover (on fine art and NFTs) in 2023, as well as the Top 100 fine art and NFT works sold at auction in 2023, showing, notably, the spectacular success of female artists.
The dematerialization of the art market on the Internet is today the dominant trend on all 5 continents of the world, relegating physical auction rooms to the 20th century.
Artprice by Artmarket is pleased to announce the publication of its 28th Report “The Art Market in 2023”, available free of charge, in full and in three languages, online as well as in PDF format:
French:
https://fr.artprice.com/artprice-reports/le-marche-de-lart-en-2023
https://fr.artprice.com/artprice-reports/pdf/rama/le-marche-de-lart-en-2023.pdf
English:
https://www.artprice.com/artprice-reports/the-art-market-in-2023
https://www.artprice.com/artprice-reports/pdf/rama/the-art-market-in-2023.pdf
Mandarin:
https://zh.artprice.com/artprice-reports/zh-the-art-market-in-2023
https://zh.artprice.com/artprice-reports/pdf/rama/zh-the-art-market-in-2023.pdf
The volume of Fine Art and NFT auction transactions reached a record level: 762,800 lots sold compared with 723,700 in 2022 (+5%).
Fine Art and NFT auction turnover totaled $14.9 billion, compared with $17.4 billion in 2022. This 2023/2022 turnover drop can be mainly explained by a reduced consignment of works worth more than $50 million, which resulted in a shortfall of approximately $1.5 billion versus 2022. Indeed, 2022 saw 24 works valued above $50 million generate $1.95 billion compared with just six lots above that price threshold generating $494.5 million in 2022.
The global average unsold rate rose from 35% in 2022 to 38% in 2023, suggesting buyers were more selective in 2023.
According to Artprice by Artmarket’s Founding CEO, ‘the adage about the art market: “The right work, the right theme, the right period, with the right provenance and the right artist” was more than ever true in 2023′.
The average auction price of an artwork in 2023 was $19,550.
Half the works (the median price) fetched under $700 in 2023, making art generally more affordable.
80% of artworks fetched under $4,130.
Artprice’s Global Price Index increased by +2% between January 1, 2023 and December 31, 2023.
Contemporary Art represents 17% of the art market, compared with 16% in 2022 and only 3% in 2000. In 2000, Contemporary Art generated $69 million compared with $2.53 billion in 2023. The Contemporary art market has therefore increased 36-fold in 23 years, reflecting a historic phenomenon with Contemporary Art becoming a primary locomotive of the global art market.
Modern art remained the largest segment of the art market, accounting for 40% of its auction turnover revenue (compared with 38% in 2022).
Two works exceeded the symbolic threshold of $100 million in 2023, one in New York and the other in London (versus 6 results above $100 million in 2022).
In 2023, Artprice counted 1,548 seven-digit auction results as well as 2 NFT results above that threshold (versus 1,682 and 1 NFT lot in 2022).
Among the 1,550 seven-digit auction results, 206 were hammered for female artists, or 13%.
The United States (even after a 28% contraction vs. 2022) hammered 174,600 auction results generating $5.2 billion, or 35% of the global art market’s total art auction turnover (vs. 160,000 lots sold and $7.3 billion in 2022, or 42% of global art auction turnover). The contraction essentially came from the lower number of high-end consignments (works valued above $50 million).
China (+4%) returned to growth, generating $4.9 billion, or 33% of the global art auction turnover. (vs. $5.9 billion in 2022 and 35% of global turnover).
The UK (-15%) consolidated its third place with $1.8 billion, or 12% of the global market
(vs. $2.1 billion in 2022 and 12% of global turnover). Sotheby’s in London hammered a new auction record for a work of fine art in the UK: $108 million for Gustav Klimt’s Lady with a Fan (1917/18). When looked at over the longer term, it is clear that Brexit has negatively impacted the UK’s art auction market.
France (-11%) totaled $875 million (6% of global turnover) from 106,000 lots sold
(vs. $988 million in 2022 accounting for 6% of the global market). It consolidated its leader position on the European continent in terms of art auction turnover. As regards transaction volumes, it ranks second after the United States. France is indeed gaining strength in the high-end segment. Looking at the decade, its art auction turnover has shown strong growth with a significant increase in the number of seven-digit results (up approximately 80% since the years 2011-2014).
Germany’s art auction turnover shrank 3% after four years of growth: $372 million for 2.5% of the global market (vs. $383 million in 2022 for 2.2% of global turnover).
Italy consolidated its 6th place on the global market (+2%) with $197 million from 44,500 lots sold (vs. $193 million in 2022 from 40,400 lots sold).
India posted the strongest turnover growth (+76%) and established itself among the Asian markets ahead of Japan ($144 million). In 2023, it generated $152 million from just 2,075 lots sold (vs. $87 million in 2022 from 1,500 lots sold).
It also hammered a new auction record for a fine artwork sold in India when Amrita Sher-Gil’s The Story Teller (1937) fetched $7.4 million at Safronart in Mumbai.
Sotheby’s was once again the leading auction house on the planet for the sale of Fine Art and NFTs, generating $3.8 billion.
Christie’s posted a sales turnover of $3.5 billion in 2023.
Sotheby’s slightly outperformed Christie’s in New York, London, Hong Kong and Milan.
In Paris, Christie’s was the stronger auctioneer.
Sotheby’s (with 26%) and Christie’s (with 24%) accounted for half of the global art auction turnover (vs. 24% and 35% respectively in 2022).
The most lucrative collection sold in 2023 was that belonging to Emily Fischer Landau, which totaled $406 million on November 8, 2023 at Sotheby’s New York (far behind the Paul G. Allen sale in 2022 which totaled $1.6 billion at Christie’s).
Phillips remained the world’s third largest art auction vendor with a total of $573 million and it hosted a very first sale in Paris.
China Guardian was the leading Chinese auction house with a total of $539 million, ahead of Poly Auction ($517 million).
Bonhams’ total ($219 million) was added to by their acquisition of Cornette de Saint Cyr ($38 million), Bukowskis ($31 million), Bruun Rasmussen ($27 million) and Skinner ($8 million).
Artcurial (with $78 million vs. $92 million in 2022) was the leading French fine art auction operator.
Old Masters (artists born before 1759)
Old Master sales represent 11% of the lots sold and 9% of global art auction turnover (vs. 11% of lots sold and 7% of turnover in 2022).
A 14th-century drawing by the great Chinese master, Wang Meng, exceeded $40 million on November 30, 2023 in Beijing, at China Guardian.
In New York, two paintings by Rubens sold for $26 million and $25 million at Sotheby’s (in January and then in May).
19th Century (artists born between 1760 and 1859)
19th Century art accounted for 9% of the total lots sold and 8% of total auction turnover (vs. 10% of lots sold and 14% of turnover in 2022).
The painting Les Flamants (1910) set a new personal auction record for Douanier Rousseau, at $43.5 million at Christie’s New York.
Modern Art (artists born between 1860 and 1919)
Modern Art remained, more than ever, the leading segment of the art market, accounting for 36% of the lots sold in 2023 and 40% of global art auction turnover (vs. 36% of lots sold and 38% of turnover in 2022).
Pablo Picasso was the top-selling artist of the year at auction, generating $596 million (3rd in 2022 with $494 million).
Picasso’s Woman with a watch (1932) became the 10th most expensive artwork in auction history (at $139,363,500 on November 8, 2023 at Sotheby’s New York) and his second best-ever result after The Les Femmes d’Alger (Version O) (1955) which fetched $179 million in 2015.
Gustav Klimt’s Lady with a Fan (1917/19) fetched the highest-ever art auction result in the UK at $108 million.
Zhang Daqian was once again among the top most successful artists in the world at auction in 2023 with a turnover of $230 million.
Post-War Art (artists born between 1920 and 1944)
Post-War Art accounted for 26% of the lots sold and 25% of global art auction turnover (vs. 26% of lots sold and 26% of turnover in 2022).
Gerhard Richter was the top-selling living artist in 2023 at auction with 303 lots sold for $214 million.
In the absence of exceptional paintings, Andy Warhol dropped to 5th place among the world’s top-selling artists with $198 million in 2023 (versus 1st place in 2022 with $590 million).
Yayoi Kusama climbed to 8th place among the world’s top-selling artists with $189 million. She was the only female artist in the Top 10.
Joan Mitchell fetched a new personal auction record at $29 million for her Untitled (c.1959) at Christie’s in New York on November 9, 2023.
Contemporary Art (artists born after 1945)
Contemporary Art accounted for 18% of lots sold and 17% of global art auction turnover (vs. 18% of lots sold and 16% of turnover in 2022).
Jean-Michel Basquiat rose to 2nd place in Artprice’s ranking with $238 million (vs. 7th in 2022 with $221 million).
Nicole Eisenman’s (b. 1965) work Support Systems for Women, No. 1 (1998) purchased for $10,800 in 2006 at Phillips in New York, was resold for $400,000 by Sotheby’s in London.
NFT auctions
Public auctions of NFTs generated a total of $22.7 million with 350 lots sold and 53 unsold (vs. $13.8 million, with 384 lots sold and 171 unsold in 2022).
Dmitri Cherniak (1988) was the world’s top-selling NFT artist at auction in 2023 with 14 works sold for $7.9 million.
His Ringers #879 (The Goose) (2021) fetched $6.2 million at Sotheby’s in New York on June 15, 2023.
The “Grails: Property from an Iconic Digital Art Collection Part II” session hosted by Sotheby’s on June 15, 2023 totaled $10.9 million.
Artificial Intelligence, Generative Art, the recovery of Bitcoin and Ethereum cryptocurrencies are all favorable factors for the NFT market in 2024.
Demand for works by women artists saw further spectacular growth
The greatest female artists of the 20th-century are being given the place they deserve on the art market. This trend is due to a deliberate policy among key market players to revalue their works both historically and monetarily. This has involved the inclusion of a growing number of their works in sales catalogs which has naturally contributed to a gain in their market visibility. The progression has been rapid with the number of transactions concerning female artists doubling in five years and tripling in ten years. This year, the number of works by women artists sold at auction reached a historic peak, and it’s a dynamic that is far from over.
In conclusion, somewhat counter-intuitively, given the very difficult geopolitical and economic context, the art market is displaying resilient health, with regular records hammered for works from all the creative periods and regions of the world during recent sales. We have not noted any cancellation of classic and/or prestigious cataloged sales for 2023 and 2024 to date, which are the main indicators of the health of the art market.
The major auction houses and investors know very well that the art market is a safe haven, an investment, as shown by the Artprice100© index, which clearly outperforms traditional stock market indices. The current period of uncertainty on the stock markets is nevertheless bringing new funds and investments into the art market.
Artprice had already noted that despite major crises, such as those relating to the Nasdaq crash in 2000, the terrorist attacks of September 11, 2001, the war against the Taliban that began in 2001, the Iraq war that began in 2003, the subprime and CDS crises in and after 2007, the effective ‘negative’ interest rates that began (in the West) in 2011, the Covid crisis that began in 2019… the art market has been relatively less affected than the financial markets and the overall economy.
The dematerialization of the art market on the Internet is now the dominant trend on all 5 continents, and is in the process of relegating physical auction rooms to 20th century. It is undeniable that the 20th century art market was a primarily Western phenomenon and that from now on, the Asia Pacific region is playing on an equal footing with the West.
With its 27 years of art market expertise, Artprice by Artmarket has noted that the average age of its 7.2 million customers and members has decreased from 63 in 1997 to 41 in 2023.
It is clear that the art market, one of the oldest markets in the world, is now moving rapidly and irrevocably towards the digital era (thereby closing its particularly pronounced digital backwardness of a few years ago) and a whole new generation (that of 30-45 years old) on a global scale. This generation is now on permanent watch via mobile Internet.
With its Intranet connection to its 7,200 partner Auction Houses, Artprice by Artmarket can see this paradigm shift every day: from the scheduled closure of physical auction rooms and the permanent migration to Internet activities.
The 28th Annual Report Artprice by Artmarket “The Art Market in 2023”, is available free of charge, in full and in three languages, online as well as in PDF format:
French:
https://fr.artprice.com/artprice-reports/le-marche-de-lart-en-2023
https://fr.artprice.com/artprice-reports/pdf/rama/le-marche-de-lart-en-2023.pdf
English:
https://www.artprice.com/artprice-reports/the-art-market-in-2023
https://www.artprice.com/artprice-reports/pdf/rama/the-art-market-in-2023.pdf
Mandarin:
https://zh.artprice.com/artprice-reports/zh-the-art-market-in-2023
https://zh.artprice.com/artprice-reports/pdf/rama/zh-the-art-market-in-2023.pdf
Images:
[https://imgpublic.artprice.com/img/wp/sites/11/2024/03/image1-artmarket-com-artprice-com-2023-art-market-report-cover-featuring-nft-chaos-under-the-pure-light-by-1dontknows.jpg] [https://imgpublic.artprice.com/img/wp/sites/11/2024/03/image2-artmarket-com-artprice-principal-marketplaces-fine-art-and-nft-auction-turnover-in-2023.jpg]
Copyright 1987-2024 thierry Ehrmann www.artprice.com – www.artmarket.com
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About Artmarket:
Artmarket.com is listed on Eurolist by Euronext Paris, and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.
Discover Artmarket and its Artprice department on video: www.artprice.com/video
Artmarket and its Artprice department was founded in 1997 by its CEO, thierry Ehrmann. Artmarket and its Artprice department is controlled by Groupe Serveur, created in 1987.
See certified biography in Who’s who ©:
Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information (the original documentary archives, codex manuscripts, annotated books and auction catalogs acquired over the years ) in databanks containing over 30 million indices and auction results, covering more than 825,000 artists.
Artprice by Artmarket, the world leader in information on the art market, has set itself the ambition through its Global Standardized Marketplace to be the world’s leading Fine Art NFT platform.
Artprice Images® allows unlimited access to the largest Art Market image bank in the world: no less than 180 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.
Artmarket with its Artprice department accumulates data on a permanent basis from 7200 Auction Houses and produces key Art Market information for the main press and media agencies (7,200 publications). Its 7.2 million (‘members log in’+social media) users have access to ads posted by other members, a network that today represents the leading Global Standardized Marketplace® to buy and sell artworks at a fixed or bid price (auctions regulated by paragraphs 2 and 3 of Article L 321.3 of France’s Commercial Code).
The Art Market’s future is now brighter than ever with Artprice’s Artmarket® Intuitive AI
Artmarket, with its Artprice department, has twice been awarded the State label “Innovative Company” by the Public Investment Bank (BPI), which has supported the company in its project to consolidate its position as a global player in the art market.
Artprice by Artmarket’s Global Art Market Report, “The Art Market in 2023”, published in March 2024:
https://www.artprice.com/artprice-reports/the-art-market-in-2023
Artprice by Artmarket publishes its 2023 Contemporary Art Market Report:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2023
Index of press releases posted by Artmarket with its Artprice department:
https://serveur.serveur.com/artmarket/press-release/en/
Follow all the Art Market news in real time with Artmarket and its Artprice department on Facebook and Twitter:
www.facebook.com/artpricedotcom/ (over 6.5 million followers)
Discover the alchemy and universe of Artmarket and its artprice department https://www.artprice.com/video headquartered at the famous Organe Contemporary Art Museum “The Abode of Chaos” (dixit The New York Times): https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013
La Demeure du Chaos / Abode of Chaos
GESAMTKUNSTWERK & SINGULAR ARCHITECTURE
Confidential bilingual work now public:
https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf
- L’Obs – The Museum of the Future: https://youtu.be/29LXBPJrs-o
- www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 (over 4 million followers)
- https://vimeo.com/124643720
Contact Artmarket.com and its Artprice department – Contact: [email protected]
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Fintech PR
Bybit Web3 Wallet Integrates Tonstakers: The First of Its TON Staking Offerings to Expand DeFi Opportunities
DUBAI, UAE, Dec. 27, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange,is excited to announce the integration of Tonstakers, the leading liquid staking protocol on the TON blockchain, into its Web3 Wallet. This marks the first of Bybit Web3’s TON staking offerings, reinforcing its commitment to expanding decentralized finance (DeFi) opportunities for its users.
With this integration, Bybit Web3 Wallet users can now seamlessly stake Toncoin ($TON) and receive $tsTON (Tonstakers LST) in return. The value of $tsTON increases relative to $TON every 26 hours, ensuring competitive rewards while contributing to the growth and success of the TON ecosystem. The integration also opens the door for 130 million users in the TON ecosystem to access TON staking directly within the Bybit Web3 Wallet.
Bybit is dedicated to simplifying DeFi adoption by providing intuitive and user-friendly staking experiences. This milestone partnership with Tonstakers enables users to unlock annual returns estimated between 3% and 5% APY, with rewards automatically compounded, further cementing Bybit’s role as a leader in DeFi accessibility.
Why Tonstakers Matters: The First of Its Kind
Tonstakers is the inaugural partner in Bybit Web3’s TON staking initiative, setting a new standard for staking services. With a total value locked (TVL) exceeding $260 million and a significant market share in the liquid-staked TON sector, Tonstakers offers Bybit Web3 Wallet users unparalleled access to TON staking benefits:
- Effortless Staking: Securely stake $TON with ease, thanks to the user-friendly interface within the Bybit Web3 Wallet.
- Earn $tsTON Rewards: Receive tokenized staked Toncoin ($tsTON), which can be leveraged within DeFi applications across the TON ecosystem.
- Explore DeFi Liquidity: Engage with Tonstakers Earn to provide liquidity using $tsTON, unlocking diverse earning opportunities.
“Bybit Web3 is proud to deepen our integration with the TON blockchain, a crucial step in our mission to foster a thriving and interconnected Web3 ecosystem,” said Emily Bao, Head of Bybit Web3. “This integration empowers our users with seamless and trusted access to TON liquid staking pools and unlocks valuable earning opportunities. As a strong believer in DeFi adoption, Bybit Web3 is committed to bridging the gap between Web2 and Web3, creating simple, easy, and accessible solutions that bring the benefits of decentralized finance to a wider audience. We believe this integration will significantly contribute to the growth and success of the TON ecosystem.”
Start Staking Today To begin staking your $TON and earning with $tsTON, visit https://www.bybit.com/en/web3/staking and discover the power of Bybit Web3 Wallet’s integration with Tonstakers. Bybit Web3 Wallet currently supports a wide range of staking services beyond TON tokens, including ETH, USDT, USDC, bbSOL, SUI, and more.
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit Web3, please visit Bybit Web3.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
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LAS VEGAS, Dec. 27, 2024 /PRNewswire/ — Yaber reported a remarkable 100% year-over-year sales surge during Black Friday. The T2 outdoor projector, featuring a built-in battery and handle-to-stand design, ranked among Amazon’s Top 3 “Most Wished For” list. Meanwhile, the L2s projectors, available in exclusive Pantone colors, sold out shortly after launch.
Yaber T2 projector is currently available at Christmas sale on Amazon and the official Yaber website. Meanwhile, pre-orders for the L2s projectors in exclusive Pantone colors will reopen in mid-January 2025.
This year, Yaber further expanded its global retail presence, debuting at the iconic Selfridges in the UK and securing placements in MediaMarkt across EMEA, Canada’s London Drugs, Saudi Arabia’s EXTRA, Belgium’s FNAC, Greece’s PUBLIC, Czech Republic’s Datart, Japan’s Bic Camera and Yodobaxi, and Malaysia’s premier IOI City Mall and Plaza Low Yat.
Looking ahead, Yaber is set to unveil its first ultra-short-throw laser projector and a new Keith Haring-inspired entry-level model at CES 2025. The launch event will take place at 4:00 PM PST, January 6, 2025 at Caesars Palace, Las Vegas. Visit Yaber’s booth in South Hall 1-30808 at Las Vegas Convention and World Trade Center (LVCC) from January 7-10 to discover more.
About Yaber
Founded in 2018, Yaber redefined home entertainment by introducing the world’s first entertainment projector, pioneering a new category in the industry. Today, its innovative projectors have delivered immersive experiences to users in over 120 countries, making Yaber a trusted name in global home entertainment.
The letter “Y” in Yaber embodies the youthful vigor and innovative spirit of Generation Y. It’s not just a symbol, but a unique representation of youth identity and attitude towards life, infusing the brand with rich cultural connotations of youthfulness within simplicity.
Committed to excellence, Yaber has been pushing the boundaries of audiovisual innovation, crafting projectors that inspire richer, more vibrant lifestyles. Its achievements are recognised with prestigious accolades, including the Red Dot, IDEA, VGP, and CES Innovation Awards.
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Fintech PR
Xinhua Silk Road: Conference on deepening financial openness and co-op in Northeast Asia held in NE. China’s Shenyang
BEIJING, Dec. 27, 2024 /PRNewswire/ — The 2nd Northeast Asia Finance Conference and 2024 “Revitalizing Liaoning with Finance” Excellent Cases Release kicked off on Tuesday in Shenyang, capital of northeast China’s Liaoning Province, aiming to further deepen financial openness and cooperation in the Northeast Asian region and advance construction of a regional financial center.
The main forum held a series of activities, including an opening ceremony, two round-table dialogues on “finance + biomedical industry” and “finance + cultural industry”, a symposium for foreign financial institutions, a seminar on innovative development of financial clusters, a forum on development of technology and finance, a forum on industrial low-carbon transformation and financial innovation, as well as an enterprise project roadshow and industry-finance matchmaking event.
During the conference themed on “accelerating the construction of a regional financial center in Northeast Asia and creating a new highland for opening up”, excellent cases of revitalizing Liaoning through finance in 2024 were unveiled and the index for core areas of regional financial centers in northeast China was released.
The conference also held an unveiling ceremony for the upgrading of the Shenyang finance and trade development zone to a national-level development zone, and a launch ceremony of a platform for Shenyang industrial insights and decision analysis.
The conference was co-hosted by China Economic Information Service, Liaoning Branch of Xinhua News Agency, Shenhe District People’s Government, Shenyang local financial administration under guidance of Shenyang Municipal People’s Government and Liaoning local financial supervision and administration bureau.
Original link: https://en.imsilkroad.com/p/343777.html
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