Fintech PR
CGTN: With new member, SCO eyes closer cooperation amid global challenges
BEIJING, July 4, 2023 /PRNewswire/ — Iran on Tuesday officially became the ninth member state of the Shanghai Cooperation Organization (SCO), a comprehensive regional cooperation organization that covers the largest area and population on the globe.
Iran’s full-scale admission was formalized at the 23rd meeting of the Council of Heads of State of the organization. SCO leaders attended the meeting online.
Addressing the meeting, Chinese President Xi Jinping welcomed Iran into the SCO family and called on SCO member states to stay in unity and coordination so as to bring more certainty and positive energy to world peace and development.
“The people’s wish for a happy life is our goal, and peace, development and win-win cooperation are the unstoppable trends of the times,” Xi noted.
Calling for making the world a better place, Xi told SCO leaders that China is ready to work with other member states to actively implement the Global Development Initiative (GDI), Global Security Initiative (GSI), and Global Civilization Initiative (GCI).
In a world of turmoil and transformation, President Xi successively proposed the GDI, GSI and GCI, contributing China’s solution to global governance. The three initiatives also meet the needs of the SCO to strengthen its “three pillars,” the three major cooperation areas of security, economy and people-to-people exchanges.
Safeguarding common security
The SCO was born more than two decades ago with a fundamental mission to combat the three forces of terrorism, separatism and extremism. Over the years, security cooperation has remained a major focus for member states within the SCO framework.
To combat the “three forces,” SCO members have made notable strides by expanding intelligence sharing and information exchanges, and carrying out joint anti-terror exercises. In 2020 alone, SCO member states managed to prevent over 40 terrorist attacks and dismantled more than 50 terrorist groups.
The organization also functions as a major coordinator of the member countries’ efforts to clamp down on drug trafficking and transnational organized crimes and handle flare-ups of regional hotspots through such mechanisms as the SCO-Afghanistan Contact Group.
Calling for maintaining regional peace and safeguarding common security, Xi pointed out that “sustaining peace and security in this region is our common responsibility.”
He added that China stands ready to work with all sides to implement the GSI, promote the settlement of international disputes through dialogue and consultation, and encourage political settlement of international and regional hotspots, so as to forge a solid security shield in the region.
Making ‘cooperation pie’ bigger
Covering three-fifths of the Eurasian continent, the SCO presents nearly half of the world’s population and over 20 percent of the global gross domestic product (GDP), which also means even greater potential for development. And the China-proposed Belt and Road Initiative (BRI) has offered SCO members a chance to tap the potential and gear up their practical cooperation, notably in infrastructure.
With the construction of transportation services such as the China–Kyrgyzstan–Uzbekistan railway, the China-Central Asia natural gas pipeline and the regular operation of China–Europe freight train services, ties among SCO member states have become physically closer.
“We should work together to broaden the Belt and Road as a ‘path of happiness’ benefiting the whole world,” Xi said, and he told SCO leaders that on the BRI’s 10th anniversary, China will hold the third Belt and Road Forum for International Cooperation.
The China-SCO local economic and trade cooperation demonstration zone has also brought tangible benefits to local people. Its trade with SCO countries surged to 8.1 billion yuan (about $1.1 billion) in 2022 from 850 million yuan (about $117 million) in 2019.
Promoting economic growth is a common task for all countries in the region, President Xi stressed during the meeting. He called on SCO members to focus on practical cooperation and expedite economic recovery.
He also vowed to work with all sides to implement the GDI and make the pie of win-win cooperation bigger while voicing against protectionism, unilateral sanctions and the overstretching of national security, and rejecting moves of setting up barriers, decoupling and severing supply chains.
Tightening bonds among people
The SCO states are home to many ancient civilizations and ethnic groups with a kaleidoscopic religious and cultural inheritance, making efforts to promote cross-cultural exchanges and mutual understanding truly necessary.
Cultural events such as the Year of Languages, the Year of Culture, and the Year of Tourism have been held in succession among member countries, aiming to help people from SCO member states know each other better.
The SCO has also developed the University of Shanghai Cooperation Organization (USCO), which encourages cultural and academic exchanges between the youth from SCO member states. At present, there are 82 colleges and universities under the cooperation program of the USCO, with seven professional directions.
The Chinese president on Tuesday announced that in the coming three years, China will provide SCO member states with 1,000 International Chinese Language Teachers Scholarships, offer 3,000 “Chinese Bridge” summer camp opportunities, and invite 100 young scientists to China for scientific research exchanges.
Xi believes that all nations in the region aspire to see harmonious development of different civilizations. “We welcome all sides to work together to implement the Global Civilization Initiative, promote inclusiveness and coexistence among all civilizations, and increase mutual understanding and friendship among all nations.”
View original content:https://www.prnewswire.co.uk/news-releases/cgtn-with-new-member-sco-eyes-closer-cooperation-amid-global-challenges-301869836.html
Fintech PR
CCTV+: From Silk Road Gateway to Global Innovation Hub: Xi’an Advances Industrial Upgrades and International Cooperation
XI’AN, China, Nov. 2, 2024 /PRNewswire/ — Xi’an, an ancient capital and starting point of the Silk Road, is growing rapidly into a cosmopolis of technological innovation, industrial transformation and international cooperation. The city is becoming a global hub for innovation and economic cooperation and a destination that converges historical heritage with modern creativity. By leveraging initiatives in New Quality Productivity, the Internet of Things, high-tech industries, culture, and international business services, Xi’an showcases its dynamic blend of past and future.
Industrial Development: Technology and Innovation Drive Emerging Industry Clusters
Aiming to establish itself as an international hub with rapid scientific and technological innovation, Xi’an is now building a comprehensive national science center and a center for science and technology innovation.
The Silk Road Technology City is now home to more than 4,000 companies and has fostered two major industry clusters, in optoelectronics and automobiles, each worth tens of billions. Leading industry giants like BYD and Samsung have established themselves here, taking advantage of Xi’an’s robust policy support for innovation-led growth. LONGi, a world leader in solar technology, is actively building Shaanxi’s 100-billion-grade silicon-based solar PV industry innovation cluster, driving industry-wide growth through R&D and supply chain expansion; while BYD’s comprehensive new energy vehicle industry chain has also positioned Xi’an as a key base for new energy technology and electric vehicles.
Belt and Road Hub: Connecting Development Across Borders
As a central hub along the Belt and Road, Xi’an recently hosted the Belt and Road Forum for International Think Tank Cooperation, fostering collaboration and advancing connected, networked development through the trans-Eurasian transport corridor. With growing trade opportunities, Xi’an is also expanding its reach into international markets, particularly in Central Asia, exporting specialty agricultural products like kiwi fruit.
Through conventions and conferences, Xi’an has demonstrated its significant potential for international economic cooperation, establishing stronger ties in Central Asia and Belt and Road countries.
New Quality Productivity: Smart Technologies and Advanced Manufacturing Fuel Growth
New Quality Productivity is driving Xi’an’s high-quality development leveraging smart technologies and intelligent manufacturing. Local enterprises like SUNNYIT are promoting innovative applications of IoT technologies to tackle industry bottlenecks, Xi’an Chinastar M&C Limited is supporting real-time urban management with products including smart manhole covers and parking monitoring systems to support urban safety and municipal services.
Industrial robots and intelligent manufacturing are also accelerating Xi’an’s industry transformation. Xi’an Aerospace Automation’s 4,000-kilogram robot, designed for warehouse logistics, highlights the city’s advancements in high-load, high-precision applications.
High-Quality Development: Digital Technology Empowers Xi’an’s Smart City Ambitions
Xi’an is progressing in smart city development, enabling companies to utilize big data and AI for comprehensive traffic analysis, enhancing traffic management efficiency, and establishing a “transportation+” multi-scenario service system to improve travel experiences.
Xi’an looks to cooperate with more companies and research institutions in fields of environmental protection, water-related affairs, education, and urban management with the goal of promoting technological breakthroughs in areas such as intelligent video analysis and large-scale AI models, empowering city management and services through digital technologies and support the development and innovation of companies in the city.
Opening Up to the World: Xi’an Shares Its Story and Strengthens Business Environment
The newly established Xi’an International Communication Center shares Xi’an’s story in multiple languages, promoting Chinese culture and positioning Xi’an as a major platform for cultural exchange. Additionally, a legal service center in Xi’an Chanba International Port now offers comprehensive legal support, fostering a fair and just international business environment.
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View original content:https://www.prnewswire.co.uk/news-releases/cctv-from-silk-road-gateway-to-global-innovation-hub-xian-advances-industrial-upgrades-and-international-cooperation-302294686.html
DUBAI, UAE, Nov. 2, 2024 /PRNewswire/ — KuCoin, a global leader in the cryptocurrency exchange arena, is thrilled to announce its active participation at this year’s premier TON community event, The Gateway. The annual conference, renowned for uniting key players in the TON ecosystem, aligns perfectly with KuCoin’s mission to democratize cryptocurrency and expand its reach across the globe.
Representing KuCoin at the event was Alicia, who took part in the insightful panel discussion on “Perspective Sectors on TON for VCs and Exchanges.” Her presence underscored the vibrant potential of the venture capital market within emerging blockchain technologies, particularly the TON ecosystem. Alicia’s discussion highlighted how TON’s seamless integration with Telegram presents unique opportunities for innovation and user engagement, resonating with KuCoin’s strategic initiatives to bridge social connectivity with financial transactions.
“TON’s integration with Telegram not only simplifies the user experience but also amplifies it, making it a gateway for millions to engage with Web3 technologies,” Alicia stated. She emphasized KuCoin’s commitment to leveraging this synergy to enhance secure, user-friendly trading experiences, thus furthering its mission of putting crypto in every pocket.
KuCoin’s participation in The Gateway event reinforces its dedication to fostering a secure, robust, and accessible trading environment, paving the way for a new era of crypto and blockchain integration.
About KuCoin
Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 800 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 36 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
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View original content:https://www.prnewswire.co.uk/news-releases/kucoin-shines-at-the-gateway-event-advocating-for-blockchain-innovation-through-ton-302294685.html
Fintech PR
UBS Asset Management launches its first tokenised Money Market Fund, available through DigiFT
SINGAPORE, Nov. 2, 2024 /PRNewswire/ — UBS Asset Management, launches its first tokenized investment fund “uMINT”, made available through authorized distribution partner, DigiFT.
With DigiFT, investors can subscribe to uMINT using their preferred custody wallet solution, gaining access to real-time redemption capabilities via DigiFT’s platform. uMINT, a Money Market investment underpinned by high quality money market instruments based on a conservative, risk-managed framework, is built on Ethereum distributed ledger technology and issued under UBS Tokenize, UBS’s in-house tokenization service, a full service offering for digital asset services, that seeks to open the door to the world of decentralized finance to a broader range of market participants.
“We’re honoured to be an authorized distribution partner for UBS Asset Management in launching their first tokenized money market fund. This is a significant milestone in the world of Web3, and a testament of our ability to transform capital markets. Not only does this partnership bridge traditional finance with digital and decentralized technologies, it also demonstrates our ability to deliver next-generation investment solutions on an open network – for a new generation of global investors,” said Henry Zhang, Founder & Chief Executive Officer of DigiFT.
As part of the partnership, DigiFT will provide infrastructure for managing and monitoring on-chain distribution activities and transactions for the new tokenized money market fund. Enabled by blockchain technology, DigiFT’s best-in-class, open infrastructure ensures all transactions are stored and recorded on an immutable ledger, providing real-time operational and audit visibility. Beyond streamlining administrative processes, DigiFT is able to leverage smart contracts and facilitate automated compliance and operational efficiencies, further allowing investors to invest and explore new financial Web3 use cases.
DigiFT is the first exchange deploying smart contract methods and processes, with an automatic market-making mechanism, to be recognized as a Recognised Market Operator (RMO) and awarded the Capital Markets Services (CMS) license by the Monetary Authority of Singapore.
Disclaimer: This article is not an advertisement making an offer or calling attention to an offer or intended offer
About DigiFT
DigiFT is the first exchange for on-chain real-world assets to be licensed by the Monetary Authority of Singapore. Find out more www.digift.sg
For media enquiries, please contact [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/ubs-asset-management-launches-its-first-tokenised-money-market-fund-available-through-digift-302294683.html
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