Fintech PR

To make economic globalization more open, inclusive, balanced, beneficial to all

Published

10 months ago

February 8, 2024

BEIJING, Feb. 8, 2024 /PRNewswire/ — A report from People’s Daily: Some pessimism about economic globalization has emerged in recent years due to rising protectionism, increasing blockages in global industrial and supply chains, and weakness of international trade. This has led some to proclaim the “golden age” of economic globalization is over.

While concerns about challenges facing the world economy are understandable, such outright pessimism is unnecessary. Economic globalization remains the trend of the times. Despite many counter currents and dangerous shoals, its overall direction has never changed and will not change.

To grasp the development trend of economic globalization, it is important to start from the objective laws of historical development.

Historically, economic globalization is an objective requirement of social productive force development and an inevitable result of technological progress, rather than something artificially created by certain people or countries. Technological and industrial revolutions have greatly reduced the costs of global transportation of goods, information dissemination, and human mobility, providing a profound material and technological foundation for economic globalization.

The deepening development of economic globalization has provided a powerful impetus for the progress of human society. Statistics show that from 1992 to 2022, global GDP rose from around $25 trillion to around $101 trillion, and per capita GDP increased from $4,659 to $12,647.

From 1992 to 2019, the share of global trade in global GDP grew from 40.15 percent to 56.33 percent. The proportion of the global population living in poverty dropped from 36.5 percent to 8.5 percent, and life expectancy increased from 65.6 years to 73.4 years.

The setbacks in economic globalization in recent years were mainly due to policy shifts in some countries. International institutions see the rise of protectionism as a serious risk to global economic recovery.

The International Monetary Fund warned that if economic fragmentation continues unchecked, it could reduce global GDP by 7 percent – roughly equivalent to the combined size of the French and German economies.

Economic globalization is a “double-edged sword.” Bridging the equity deficit is an important issue all sides need to face.

Problems are not to be feared; the key is finding solutions. To steer economic globalization on a steady course that delivers long-term benefits and better well-being to people of all nations, the international community should join hands in championing an inclusive economic globalization that benefits all.

Economic globalization should be beneficial to all, aligning with the universal aspirations of countries around the world, especially developing ones.

It should effectively address imbalances in development between and within countries resulting from global resource allocation. Development should be both full and balanced, fostering globalization that enables all countries, particularly developing ones, to accelerate growth.

With interdependence prevalent today, nations must develop themselves while also considering how to advance in sync with the world. It is important to make the pie of economic globalization bigger together and share it fairly, so different countries and people of different social groups can all participate in and benefit from socioeconomic progress, achieving mutual benefit, win-win outcomes, and shared prosperity.

Economic globalization should be inclusive, supporting countries in pursuing development paths suiting their national conditions, while jointly creating common development for all humanity. All forms of unilateralism and protectionism must be opposed, along with discriminatory and exclusionary standards and rules.

Trade and investment liberalization and facilitation should be promoted to maintain stable and unimpeded global industrial and supply chains. All sides should show mutual understanding and accommodation, addressing each other’s concerns, in order to resolve structural issues hindering healthy global economic growth. This will sustain the vitality and momentum of the world economy.

Looking ahead, economic globalization remains an inevitable path forward and an irreversible trend of the times for human society. The international community should join hands to make economic globalization more open, inclusive, balanced and beneficial to all, injecting inexhaustible momentum into the building of a community with a shared future for mankind.

View original content:https://www.prnewswire.co.uk/news-releases/to-make-economic-globalization-more-open-inclusive-balanced-beneficial-to-all-302057315.html

Fintech PR

7th CIIE Successfully Wraps: Highlights by the Numbers

Published

54 minutes 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

54 minutes 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

View original content:https://www.prnewswire.co.uk/news-releases/europi-property-group-ab-publ-successfully-issues-senior-unsecured-green-bonds-302318389.html

Fintech PR

Bybit x Block Scholes Derivatives Report: ETH Outperforms BTC

Published

54 minutes 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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