Fintech PR

CGTN: As the Belt and Road turns 10, high time for China and Europe to talk amid uncertainties

Published

1 year ago

October 17, 2023

cgtn:-as-the-belt-and-road-turns-10,-high-time-for-china-and-europe-to-talk-amid-uncertainties

BEIJING, Oct. 17, 2023 /PRNewswire/ — Serbia is one of the countries benefiting from the Belt and Road Initiative (BRI), with the century-old steel mill in the northeastern city of Smederevo serving as a prime example. Founded in 1913, the Smederevo Steel Mill once contributed 40 percent of the city’s revenue at its peak and was known as the “pride of Serbia.”

Later, due to intensified market competition and poor operation, the steel mill began to lose money year after year and was on the verge of bankruptcy. The Government of Serbia initiated several rounds of international tenders, all of which failed. In 2016, over 5,000 employees faced uncertainty. But then China’s Hebei Iron and Steel Group stepped in to establish HBIS Serbia Steel and introduced advanced management and technology, turning the steel mill into a global enterprise with a focus on clients and supply chain. The company was actively integrated into the “Belt and Road” and the process of economic globalization, rapidly establishing itself as a highly competitive steel enterprise in Europe and a prime example of international industrial collaboration.

BRI cooperation between China and Europe

The revival of the century-old steel plant is an epitome of the benefits brought about by the BRI to Europe. Twenty-six European countries have signed BRI documents with China. Under their BRI cooperation, China’s imports from the EU increased by 63.7 percent between 2016 and 2021. Its imports from Central and Eastern European countries jumped 127.3 percent during the same period. The China Railway Express, which links a number of Eurasian cities located near China’s east coast to the shore of the Atlantic Ocean, is increasingly busy. In the past year, 16,000 trains traversed the route between China and Europe, a stark contrast to the mere 80 at the inauguration of the CR Express over a decade ago.

New challenges

Compared with the first few years of the initiative, the situation between China and Europe is significantly different. Their bilateral relationship needs fine tuning to tackle uncertainties and challenges, as well as an upgrade of the mindset to replace the out-of-time zero-sum one. Chinese senior diplomat Wang Yi, when addressing the 12th China-EU High-level Strategic Dialogue held in Beijing last week, said China and the EU are partners, not rivals, and they have more common understandings than differences. Vice President of the European Commission Josep Borrell said that, despite their different political and economic systems, the EU and China share a common interest in pursuing constructive, stable relations.

Meanwhile, the BRI is also entering a new stage. In the beginning phase, both private and state-owned contractors took the lead in building basic infrastructure. Those projects helped to nurture political goodwill and energize local business partners. Thanks to them, private Chinese companies now feel more comfortable doing business in BRI partner countries. China is encouraging private enterprises to take a more active role and participate in projects labeled as “small and beautiful,” which refers to the smaller projects directly connected with improving local livelihoods. New investment favorites include businesses in sectors such as new energy, healthcare, mobile communication, and e-commerce.

Need for more dialogue

Since the launch of the BRI, its global partners have been trying to find more theoretical frameworks and institutional arrangements to make the global cooperation program sustainable. Chinese President Xi Jinping put forward the Global Development Initiative, the Global Security Initiative and the Global Civilization Initiative. These global initiatives have been widely recognized by the international community and have made historic contributions to global human rights governance on specific issues related to security, development and cultural diversity.

Against all these backdrops, it is high time for China and Europe to carry out more dialogue on key strategic issues and CGTN is hosting a TV forum on the sidelines of this year’s Frankfurt Book Fair, themed China’s Global Initiatives and the BRI: Opportunities or Risks?

Panel guests include Danilo Türk, former President of Slovenia; Michael Schumann, chairman of the Board of the German Federal Association for Economic Development and Foreign Trade; Rudolf Scharping, former German Defense Minister; Susanne Baumann, former director of the Confucius Institute at Dusseldorf; and Zhong Hong, former senior vice president of Evonik Industries. The panelists will have an in-depth discussion about China-EU ties under the discourse of the Belt and Road Initiative, which are related not only to the wellbeing of the two sides, but also to global stability and prosperity.

https://news.cgtn.com/news/2023-10-17/As-the-Belt-and-Road-turns-10-high-time-for-China-and-Europe-to-talk-amid-uncertainties-1nXkFjKKduU/index.html

Photo – https://mma.prnewswire.com/media/2249077/image.jpg

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Fintech PR

7th CIIE Successfully Wraps: Highlights by the Numbers

Published

4 hours ago

November 28, 2024

CISION (PR Newswire)

7th-ciie-successfully-wraps:-highlights-by-the-numbers

SHANGHAI, Nov. 28, 2024 /PRNewswire/ — The 7^th China International Import Expo (CIIE) drew to a successful close on November 10th in Shanghai. While many intangible achievements and connections were made, this year’s data shows how the Expo achieved unprecedented success in global participation and business opportunities. Tentative deals totaled USD 80.01 billion, marking a 2 percent increase from the previous year.

Vibrant Participation from around the World

As a crucial platform for global collaboration, the 7^th CIIE invited 77 countries and international organizations from five continents for the Comprehensive Country Exhibition. Participants incorporated unique cultures, national identities, and modern technology into booth designs, with an impressive lineup of over 200 captivating events hosted at the booths. A total of 3,496 companies from 129 countries and regions participated in the Enterprise & Business Exhibition, including 1,585 companies from 104 countries in the Belt and Road Initiative, 1,106 companies from 13 countries in the Regional Comprehensive Economic Partnership, and 132 exhibitors from 35 least developed countries.

Wide Range of Cutting-Edge Innovations and Debuts

Innovative achievements and diverse debuts have consistently been a major highlight from each edition of the expo. At the 7^th CIIE, the Innovation Incubation Special Section showcased 360 innovative projects from 34 countries and regions, supporting the development of small and medium-sized enterprises (SMEs) and startups. In addition, multinational companies introduced 450 new products, services, and technologies, including over 100 global launches, 40 Asia premieres, and over 200 China debuts, unlocking momentum for new drivers of consumer demand.

International Perspectives and Collaborative Dialogues at the HQF

Serving as an important platform for international communication, the Hongqiao International Economic Forum (HQF) becomes a focal point of attention at each edition of the CIIE. Focusing on trending topics, the 7^th HQF attracted over 8,600 registrations and convened more than 300 globally renowned experts and leaders in politics, business, and academia. The 7^th HQF also released the World Openness Report 2024 alongside the World Openness Index, delivering a message of openness and fostering international cooperation.

The 7^th China International Import Expo was undoubtedly a complete success, demonstrating its significant role as a stage for advancing global cooperation. With preparations for the 8^th CIIE actively underway, the expo continues to expand opportunities for global trade and economic cooperation, warmly inviting countries and enterprises from abroad to join!

Visit CIIE official website for more information: https://www.ciie.org/zbh/en/?from=prnewswire

Contact: Ms. Cui Tel.: 0086-21-968888 Email: [email protected]

Photo – https://mma.prnewswire.com/media/2569264/image_5031553_31815944.jpg

Fintech PR

Europi Property Group AB (publ) successfully issues senior unsecured green bonds

Published

4 hours ago

November 28, 2024

CISION (PR Newswire)

STOCKHOLM, Nov. 28, 2024 /PRNewswire/ —

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES TO DISTRIBUTE THIS ANNOUNCEMENT.

Europi Property Group AB (publ) (“Europi” or the “Company“) has successfully issued senior unsecured green bonds of EUR 50m under a framework of up to EUR 100m and a tenor of three years (the “Green Bonds“). The Green Bonds have a floating interest of 3M Euribor plus 500 basis points per annum. Europi intends to list the Green Bonds on the sustainable bond list of Nasdaq Stockholm within 12 months and Nasdaq Transfer Market within 60 days, with an ambition to have the Green Bonds admitted to trading within 30 days.

An amount corresponding to the net proceeds from the Green Bonds will be used in accordance with the Company’s green finance framework (the “Green Finance Framework“).

Skandinaviska Enskilda Banken AB (publ) and ABG Sundal Collier AB have acted as advisors in relation to the issue of the Green Bonds. Vinge has acted as legal counsel in relation to the issue of the Green Bonds.

More information regarding the Green Finance Framework and Sustainalytics’ second party opinion can be found at https://europi.se/bond-investors/

For further information, please contact:
Jonathan Willén, CEO, [email protected]
+46 (0) 8 411 55 77

About Europi (www.europi.se)
Europi Property Group, founded in 2019, is a pan-European real estate investment company headquartered in Stockholm (with an office also in London) investing discretionary capital across all sectors with a flexible investment strategy. Europi has since inception completed public and private transactions of more than €700m in gross asset value alongside its established network of local operating partners and completed four successful exists. By combining a truly entrepreneurial, active ownership approach with focus on social and environmental sustainability, Europi generates long term value and positive impact for all stakeholders.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/europi-property-group/r/europi-property-group-ab–publ–successfully-issues-senior-unsecured-green-bonds,c4073222

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Fintech PR

Bybit x Block Scholes Derivatives Report: ETH Outperforms BTC

Published

4 hours ago

November 28, 2024

CISION (PR Newswire)

bybit-x-block-scholes-derivatives-report:-eth-outperforms-btc

DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, released the latest weekly derivatives analytics report and uncovered signals indicating ETH’s rise above BTC in the past week.

Fueled by news of current U.S. SEC Chair Gary Gensler’s departure at the end of the Biden administration’s term, ETH performance has positively surprised investors. In particular, open interest in ETH perpetual has been on the rise. Several large-cap altcoins also benefited from Gensler’s announcement, anticipating less scrutiny upcoming January.

Key Insights:

ETH outperformed BTC in open interest: Perpetual swap data has seen a gradual decline in BTC open interest while ETH contracts increased. ETH has also been taking a bigger share of daily trading volumes in the past 6-month time frame despite an overall slower market this week. The optimism could be attributed to hopeful investors’ expectation of a more crypto-friendly SEC Chair after Gensler’s last day on Jan. 20, 2025.

BTC price in retreat: BTC price’s ebbing from the $100K mark has flattened the ATM volatility term structure, with short-tenor options dipping below 60%. This mirrors a pattern observed since the U.S. election. Lower realized volatility explains the drop, while open interest in calls and puts remains unchanged, demands for short-term options this week have stagnated.

ETH options – bullish sentiment in moderation: ETH options show slightly more bullish sentiment than BTC options. Markets have recalibrated after the post-election high, but call options remain in the lead in both trading volumes and open interests.

Access the Full Report:

Read the full report in context here.

#Bybit / #TheCryptoArk /#BybitResearch

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

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