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Xinhua Silk Road: China to accelerate construction of financial center in Chengdu-Chongqing region

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BEIJING, Jan. 15, 2024 /PRNewswire/ — China has quickened the pace to promote the building of a financial center in the country’s western region.

The building of the financial center in the ChengduChongqing region needs to make full use of new science and technology to promote the development of the financial industry, said Fan Gang, vice president of the China Society of Economic Reform, at Chengdu Jiaozi Financial Conference, which kicked off on January 12 in Chengdu, southwest China’s Sichuan Province.

A number of experts and industry insiders in the financial sector attended the conference held at the Jiaozi Financial Museum, a cultural landmark in Chengdu, to explore ways and means of accelerating the building of the western financial center in the Chengdu and Chongqing region.

It is learned that during the event, Xinhua Silk Road, a multilingual Belt and Road information service platform under Xinhua News Agency, unveiled its western center in Chengdu, aiming to take the opportunity of the construction of the western financial center to strengthen financial services under the Belt and Road Initiative.

In recent years, Chengdu and Chongqing have pushed forward the integration of financial infrastructure, expanded their talent pools and made great achievements in the financial sector amid concerted efforts to jointly build the western financial center in the country.

Original link: https://en.imsilkroad.com/p/338259.html

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Fintech PR

Bitget’s Protection Fund Report in Feb 2024

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VICTORIA, Seychelles, March 5, 2024 /PRNewswire/ — Bitget, the world’s leading cryptocurrency exchange and Web3 company, unveiled its February 2024 Protection Fund Valuation Report. According to the report, the fund recorded its highest average monthly valuation, surpassing 461 million, and peaked at an unprecedented 543 million on February 28th. This highlights Bitget’s dedication to safeguarding its users.

Within the cryptocurrency realm, Bitget’s Protection Fund is recognized for its substantial commitment to safeguarding users. It stands as one of the industry’s most significant self-insured reserves, enhancing user trust by providing an extra security layer. This fund is designed to protect digital assets against various risks, including cyber attacks, fraudulent activities, and significant market fluctuations.

Operating on a self-sustaining model, Bitget’s Protection Fund offers flexible and swift protective measures unrestricted from external influences. Its autonomy allows for the immediate allocation of resources to secure user assets during security breaches, market unrest, or other pertinent incidents. This self-reliant strategy affords Bitget’s clientele robust protection, unfettered by the potential hindrances of external rules, policies, or permissions that might slow response times in urgent scenarios. The fund’s self-sufficient framework is a key asset, providing a notable safety and security benefit to the Bitget user base.

To bolster its resilience and liquidity in the face of external market pressures, the fund includes a varied collection of highly liquid digital currencies, such as BTC, USDT, and USDC. In February, buoyed by market trends and a rise in BTC’s value, Bitget’s Protection Fund experienced consistent growth, culminating in a record-breaking valuation exceeding $543 million on February 28th.

Bitget Protection Fund Valuation Status in February 2024: 

Highest value: $543 million (Feb 28)

Lowest value: $413 million (Feb 4)

Average value: $461 million

Bitget’s commitment to transparency goes beyond the Protection Fund Valuation report. The exchange has consistently offered verifiable Proof of Reserves data, providing users with additional confidence in the security of their assets. Bitget continues to grant users unrestricted access to comprehensive fund information, including publicly available wallet addresses.

For more detailed information, please visit here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. 

For more information, visit: Website  |  Twitter  |  Telegram  |  LinkedIn  | Discord | Bitget Wallet

 

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Shanghai’s Lujiazui adds 5 global asset management institutions

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SHANGHAI, March 5, 2024 /PRNewswire/ — Five global asset management institutions, including Aspect Capital and Schroders Capital, have signed agreements to settle in Shanghai’s Lujiazui Financial City, said local authorities.

According to Xiao Jian, head of Lujiazui administration bureau under the China (Shanghai) Pilot Free Trade Zone, Lujiazui Financial City has so far attracted more than 8,000 financial institutions.

Lujiazui has become an important cluster for global asset management institutions in China. It now boasts about 80 percent of foreign-funded asset management institutions, 40 percent of foreign-funded corporate banks, nearly one-third of public fund management companies, and nearly one quarter of insurance asset management institutions of the total in the country, Xiao said.

More than 80 world-renowned financial institutions from 13 countries have established over 120 foreign asset management institutions in Lujiazui.  

“Lujiazui is an important gathering place and business expansion place for global asset management institutions in China. We are very honored to have the opportunity to join the Global Asset Management Partner Program. We also hope that through this signing, we can contribute to building Lujiazui into the core area of a global asset management center and accelerating Shanghai’s entry into the forefront of global asset management center cities,” Li You, Chief Compliance Officer of Aspect Capital (China) Limited.

Shanghai has made a great stride in pushing for financial openness and attracting more global financial institutions and investors. The next step could be to take advantage the special status of Shanghai Free Trade Zone and Lingang special area to develop an off-shore financial system, adopting the most advanced financial business models and regulatory regimes,” said Yan Hong, professor of finance of Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University.

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LAMPRO International Distributor Summit: A Feast of Gathering and Future Prospect

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-Focus On Pro, Pro For Mate

HUIZHOU, China, March 5, 2024 /PRNewswire/ — On March 2-3, right on the 20th anniversary of the establishment of LAMPRO, the International Distributor Summit was successfully concluded in Huizhou. With the theme of “Focus On Pro, Pro For Mate”, the summit attracted more than 200 partners from all over the world, sharing the industry trend and advanced leading technology. During the summit, LAMPRO held an appreciation award ceremony and signing ceremony as well for partners to co-build a partnership system and create a brighter future together.

At the summit, Sichuan opera performances, band shows, and other entertainment sessions created a warm and comfortable homey vibe, so that every guest fully enjoyed the process. One of our partners even took the initiative to sing on stage.

To share business opportunities with partners and demonstrate the vision of prosperous development, LAMPRO has elaborately planned the “Tree of Dreams” launching ceremony and the 20th-anniversary sand painting video. In the beginning, Chairman Tiger Lin thanked all partners for choosing Unilumin and LAMPRO, and he emphasized, “It is vital to choose the right brand and bind with it, which will help you become an outstanding leader locally.” Afterwards, Mr. Lawrence Liu, General Manager of LAMPRO, shared the development strategy of LAMPRO partner system. The project director introduced and demonstrated LMini and other major product series in details, which greatly boosted the confidence of global partners.

Furthermore, to thank partners for their support and seek mutual development, LAMPRO also held an awarding session, a signing ceremony, and a visiting journey to the Daya Bay intelligent manufacturing base on March 3, which demonstrated the industry-leading intelligent manufacturing capabilities of LAMPRO and high quality of products. LAMPRO sincerely expects to establish a closer cooperative relationship with global partners. Partners said that they gained valuable friendship and cooperation opportunities at the summit, and highly recognized the manufacturing strength and product capability of LAMPRO.

Meanwhile, elaborately arranged lucky draws pushed the atmosphere to a culmination, in which prizes included electronic equipment of well-known brands. At the end of the dinner party, LAMPRO prepared unique souvenirs, including the 20th-anniversary mascot of LAMPRO, hoping to leave an unforgettable impression on every guest.

Looking ahead, we expect to share greater joys of success with more partners in subsequent distributor summits, create a bright future and display a better world together.

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