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From Ningbo to the world: China’s port city evolving into global opening-up hub

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NINGBO, China, March 28, 2024 /PRNewswire/ — For many people, the city of Ningbo may not sound as well-known as metropolis such as Beijing and Shanghai in China, but it may be closer to the daily life: the Chinese-made hardware tools, rice cookers and even new energy vehicles people bought are very likely to travel across the ocean from this Chinese city in east China’s Zhejiang Province.

The high probability of this trade link comes from Ningbo’s unique port status, according to Information Office of Municipal Government of Ningbo. 

In the Ningbo-Zhoushan Port which faces the East China Sea, ships with a maximum carrying weight of 300,000 tonnes can come and go freely, and super ships with a maximum carrying weight above 400,000 tonnes can enter and exit with the tide. It is a rare outstanding deep-water port in the world.

Last year, the throughput of the port reached 1.324 billion tonnes, ranking first in the world for 15 consecutive years, and its container throughput ranked third worldwide. It’s also home to the largest iron ore terminal in China, the largest crude oil terminal in Asia and the second largest single container terminal on earth.

Ningbo has been an important trading center since ancient times. As early as the Tang Dynasty, Ningbo was one of the starting points of the Maritime Silk Road. In modern times, Ningbo was one of the five treaty ports open to foreign trade. After 1978, Ningbo was among the country’s first coastal cities to embrace the country’s reform and opening-up campaign.

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Today, Ningbo is connected with more than 60 Chinese cities through sea-rail intermodal transport, and has access to more than 600 ports in over 200 countries and regions with the help of 300-plus container routes. It has become an important port and shipping logistics center, strategic resource allocation hub and modern shipping service base in the world.

In late 2023, Ningbo was approved to extend the opening up to all its eight port areas, adding new momentum to the Ningbo-Zhoushan Port’s sprint to be a world-class top port.

Unique port resources endow Ningbo with prowess to connect with the rest of the world, but the city’s opening-up and enterprising moves not only target improving the throughput capacity of the world’s largest port, but also seeking wider connectivity, deeper-level exchanges and higher-level opening-up.

Now Ningbo is building a world-class air-rail integration hub and a new engine of international open development by further optimizing the transport planning of its western region.

It is estimated that in 2050, the passenger transport capacity of Ningbo’s west transport hub will reach about 220 million passengers per year, and the air cargo volume will reach 3 million tonnes annually, which will help Ningbo become a modern coastal metropolis.

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Among the international destinations accessible to Ningbo, the Central and Eastern European countries (CEEC) along the Belt and Road Initiative are the bright spots for deepening global economic cooperation and trade exchanges.

Ningbo started to hold exhibitions to promote trade with the CEEC in 2014, and established the first and only demonstration zone for economic cooperation and trade exchanges between China and CEEC in 2017. In 2019, the China-CEEC Expo was upgraded to a national-level international event.

Thanks to a good business environment, a strong digital economy foundation and a unique port logistics hub system, Ningbo’s cross-border e-commerce has seen fast growth, with an increasingly wider and denser digital trade network.

Ningbo has maintained the first place in the country’s cross-border e-commerce retail imports during China’s largest online shopping festival “Double 11” for seven consecutive years. The city’s online purchase bonded business in cross-border e-commerce accounts for nearly a quarter of the Chinese market, and its overseas warehouse area accounts for 1/6 of the country’s total. In March last year, the first fifth-freedom freight air route in Zhejiang was opened in Ningbo, lending strong steam to the growth of the city’s cross-border e-commerce business.

In September 2020, the Ningbo Area of Zhejiang Free Trade Pilot Zone was officially listed, opening a new chapter of institutional opening in the city.

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For example, aiming at the circulation security and data security of international trade of bulk commodities, Ningbo launched the digital service platform “TradeGo” to ensure the uniqueness and authenticity of digital documents through blockchain technology. The platform has become one of the only 10 recognized platforms for electronic bill of lading in the world.

The open environment and enterprising culture have not only shaped Ningbo’s extensive foreign trade network, but also sharpened the innovation edge of a strong manufacturing city in a global market with open competition.

Ningbo has 104 national single-product champion enterprises in the manufacturing industry, the largest number among Chinese cities and far exceeding Shenzhen, which ranks second. Many of their products bring first-class Chinese manufacturing to global consumers via the Ningbo-Zhoushan Port.

Looking ahead, Ningbo aims to build an international opening-up hub city.

According to Ningbo’s plan, by 2026, the Ningbo-Zhoushan Port’s cargo throughput is expected to maintain the top spot in the world, and the number of enterprises with an annual trade value of over 10 million U.S. dollars and foreign investment projects with a total investment of more than 100 million U.S. dollars, among others, will double compared with 2021.

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From a port city to an international hub for trade, Ningbo is set to make its mark on the global map. 

View original content:https://www.prnewswire.co.uk/news-releases/from-ningbo-to-the-world-chinas-port-city-evolving-into-global-opening-up-hub-302102022.html

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Invitation to presentation of EQT AB’s Q1 Announcement 2024

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STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.

The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.

To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.

The webcast can be followed live here and a recording will be available afterwards.

Information on EQT AB’s financial reporting

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The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.

Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]

Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334

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

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https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826

The following files are available for download:

https://mb.cision.com/Main/87/3956826/2712771.pdf

Invitation to presentation of EQT AB’s Q1 Announcement 2024

https://news.cision.com/eqt/i/eqt-ab-group,c3285895

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EQT AB Group

 

View original content:https://www.prnewswire.co.uk/news-releases/invitation-to-presentation-of-eqt-abs-q1-announcement-2024-302109147.html

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Kia presents roadmap to lead global electrification era through EVs, HEVs and PBVs

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  • Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
  • Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
  • Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
    • Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
    • PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
  • Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
  • 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
  • CEO reaffirms Kia’s commitment to ESG management

SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.

Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.

During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.

The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.

“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”

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PDF – https://mma.prnewswire.com/media/2380040/Press_Release__2024_Kia_CEO_Investor_Day_240405.pdf

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BioVaxys Technology Corp. Provides Bi-Weekly MCTO Status Update

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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.

As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.

The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.

Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.

About BioVaxys Technology Corp.

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BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.

ON BEHALF OF THE BOARD

Signed “James Passin
James Passin, Chief Executive Officer
Phone: +1 646 452 7054

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Cision View original content:https://www.prnewswire.co.uk/news-releases/biovaxys-technology-corp-provides-bi-weekly-mcto-status-update-302108920.html

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