Fintech PR
CGTN: New highland: Macao boosts tech innovation, talent cultivation for diversified growth
BEIJING, Dec. 20, 2024 /PRNewswire/ — In 2014, Lei Zhen, a graduate from Tsinghua University in Beijing, chose to settle in the Macao Special Administrative Region (SAR). He decided to start his business in Zhuhai, south China’s Guangdong Province, and make the innovative application of new materials with nano silver wire its core product.
When the central government established the Guangdong-Macao In-Depth Cooperation Zone in Hengqin in 2021, Lei relocated his company there, making full use of Macao and Hengqin’s capital, talent and taxation advantages to scale up production.
“Hengqin has a vast industrial space and a good supporting environment, which can provide a broad stage for the development of Macao’s high-tech and diversified industries,” he said.
Today, the cooperation zone has become a hub for innovation and entrepreneurship, hosting nearly 6,500 Macao-invested enterprises and providing a platform for new industries.
“Macao plus Hengqin” is becoming a new demonstration to enhance the practice of “One Country, Two Systems,” a new highland to promote the building of the Guangdong-Hong Kong-Macao Greater Bay Area, and a new platform to realize the country’s high-level opening up, said Chinese President Xi Jinping during an inspection tour of the cooperation zone on Thursday as part of his three-day visit to the Macao SAR.
New highland for innovation
Hengqin is located at the southern tip of Zhuhai and is separated from Macao by a narrow stretch of water. Since its establishment, the cooperation zone has served as a vital platform for promoting Macao’s appropriate economic diversification.
It has enabled Macao to develop industries such as high-end manufacturing, traditional Chinese medicine, financial services, and cultural tourism. Today, the cooperation zone is home to 30 national and provincial-level technological innovation platforms, 268 national high-tech enterprises, and 41 provincial-level specialized and sophisticated enterprises.
Currently, the cooperation zone has established innovation platforms, such as the Macao-Hengqin Youth Entrepreneurship Valley, and has drawn several innovative resources, such as industry-university-research bases of Macao universities and high-tech enterprises and talents.
Hailing the progress made in the cooperation zone, President Xi said the level of integration between Hengqin and Macao has gradually improved and that its role of supporting Macao’s appropriate economic diversification is becoming prominent.
In recent years, the Macao SAR has also promoted the implementation of major sci-tech projects and important innovation platforms locally, making it a new technological platform for global innovation and a gathering place for talents.
“Macao Science 1” is the first space science satellite program jointly developed by the Chinese mainland and Macao. With the highest accuracy of geomagnetic field detection in China, the satellite will significantly improve the country’s space magnetic survey.
Visiting the Macau University of Science and Technology (MUST) on Thursday, Xi said the satellite is an example of deepened high-tech cooperation between Macao and the mainland, showcasing Macao’s sci-tech sector’s outstanding innovative and creative capabilities.
Cultivating young talents
The Macao SAR has also become an ideal place for entrepreneurs thanks to its open business environment and the opportunities provided by the cooperation zone.
Today, industry-university-research demonstration bases of the University of Macau and MUST have been established in Hengqin, and four state key laboratories in Macao have set up branches in the zone, carrying out the transformation and industrialization of university scientific and technological achievements.
As of November 2024, Hengqin had incubated 898 entrepreneurship projects for young people from Hong Kong and Macao, with 815 projects from Macao.
Meeting with Macao residents living in Hengqin and young entrepreneurs from Macao who have startups in the zone, President Xi emphasized that Hengqin’s development provides great opportunities for Macao’s youth to achieve their ambitions and expressed hope that more young people from Macao will build remarkable careers there.
“The building of the cooperation zone is reshaping the regional concepts and career plans of Macao youth. The younger generation is paying more attention to the development potential of the mainland’s vast market,” said Ip Kuai Peng, vice rector of the City University of Macau.
It is imperative to attach great importance to education from a strategic perspective, lay out the system of disciplines, and cultivate high-quality talents to meet the needs of the development of both the country and the Macao SAR, President Xi said during his visit to MUST.
For more information, please click: https://news.cgtn.com/news/2024-12-20/Macao-boosts-tech-innovation-talent-cultivation-for-improved-growth-1zsMY91IpGw/p.html
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Fintech PR
According to Tickmill survey, 3 in 10 Britons in economic difficulty: Purchasing power down 41% since 2004
The people who have the most problems are women (30%) and are between 35 and 49 years old (39%)
ROME, Dec. 20, 2024 /PRNewswire/ — The purchasing power in the UK has dropped by 41% over the last 20 years. Today, £100,000 left in a bank account since 2004 without being invested would now be worth £59,021.
This figure is one of the findings from a study conducted by Tickmill, an international online trading broker that compared the economic situation in the UK and the European Union through the infographic “Purchasing Power and Cost of Living: UK vs EU”.
The analysis reveals a slight decline of 0.4% in the UK’s purchasing power, which currently stands at £41,573. In contrast, the European Union has seen a modest rise of 0.1%, reaching £40,874.
Why is purchasing power declining in the UK? One key factor is the cost of living. If the UK were still part of the European Union, it would rank as the fifth most expensive country, behind Ireland, Luxembourg, Denmark, and the Netherlands.
Unsurprisingly, 3 in 10 Britons are struggling with the cost of living. Women (3 in 10, compared to 25% of men), those aged between 35 and 49 (4 in 10), households earning less than £15,000 (6 in 10), and single parents (1 in 2) are among the most affected groups.
Among UK nations, Northern Ireland is the hardest hit, with 34% of its population facing financial difficulties, followed by Wales (31%), England (28%), and Scotland (22%). In England, the North East has the highest percentage of people struggling, with 4 in 10 residents affected. Even in London, the high costs impact 1 in 4 adults.
In response to these challenges, Britons are making significant adjustments:
- 53% have cut back or delayed spending on smaller items like eating out, entertainment, subscriptions, clothing, toys, books, etc.;
- 52% have reduced household energy consumption;
- 48% have decreased their grocery spending;
- 41% have scaled back or postponed major expenditures, such as holidays, cars, and weddings;
- 26% are working longer hours, taking on overtime, or pursuing additional jobs to earn extra income.
The British also made changes on the financial side. One in four adults has been forced to dip into their savings or investments to cover daily expenses. Moreover, 44% have stopped saving or investing entirely or have reduced their savings and investments—a 4% increase compared to 2023.
The lack of investment is another critical factor contributing to the decline in purchasing power. It is estimated that 13 million UK residents hold £430 billion in cash deposits but do not invest. The reasons? Seventy-four percent say they cannot compare investment products effectively, and 43% are afraid of losing their money.
A lack of knowledge and fear are preventing many savers from taking advantage of an important opportunity: preserving or increasing their purchasing power in the long term.
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NEW YORK, Dec. 20, 2024 /PRNewswire/ — The New York Stock Exchange (NYSE) is proud to offer a new daily pre-market update and additional content directly from the iconic NYSE Trading Floor. Access today’s NYSE Pre-market update as well as a Weekly Recap for market insights and other content before trading begins.
DAILY NYSE PRE-MARKET UPDATE
Kristen Scholer, Senior Markets Anchor, NYSE, delivers a daily pre-market update that includes key insights into the trading day ahead leading up to the NYSE’s Opening Bell.
NYSE END OF YEAR RECAP VIDEO
The New York Stock Exchange end-of-year video debuted today to package the moments that defined the markets in 2024 for editorial use.
NYSE ORIGINAL CONTENT
Elevate your reporting with the latest market insights and content from the NYSE, the world’s leading financial marketplace by leveraging a range of exclusive NYSE content including:
- NYSE B-Roll Footage: NYSE Trading Floor, Market milestones, and Bell-ringing events.
- NYSE Photo Highlights: NYSE-listed companies, Trading Floor moments, Leadership events.
- NYSE Original Content:
- Floor Talk: Exclusive interviews with industry trend-setters and innovators.
- Inside the ICE House Podcast: Conversations with CEO, founders, and leaders.
- Taking Stock: Go face-to-face with visionary entrepreneurs who are redefining sectors.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology , we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to connect our customers to opportunity.
Video – https://mma.prnewswire.com/media/2586079/NYSE_Market_Update_Week_Recap.mp4
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DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.
For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.
For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.
“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.
The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:
- Up to 10% cashback in USDT, BTC and ETH on eligible purchases
- Zero fees for instant virtual card issuance
- Zero annual or hidden fees
- Up to 8% APY
Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!
#Bybit / #TheCryptoArk #theBybitCard
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/surprises-guaranteed-bybit-card-dishes-out-rewards-in-holiday-giveaway-302337260.html
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