Fintech PR
CGTN: Macao SAR embarks on new chapter of ‘One Country, Two Systems’
BEIJING, Dec. 20, 2024 /PRNewswire/ — With cheerful vibes in the air, China’s Macao Special Administrative Region (SAR) on Friday held a gathering to celebrate the 25th anniversary of Macao’s return to the motherland and the inaugural ceremony of the sixth-term government of the Macao SAR.
Addressing attendees, Chinese President Xi Jinping said the great achievements of Macao since its return have proven to the world that “One Country, Two Systems” has prominent institutional strengths and tremendous vitality.
The values of peace, inclusiveness, openness and sharing embodied in the policy are common to China and the rest of the world, and deserve to be jointly safeguarded, Xi added.
‘Tremendous success’
Xi hailed the enormous transformation that has taken place in Macao since its return to the motherland in 1999, saying the practice of “One Country, Two Systems” with Macao characteristics has been a tremendous success.
In 2023, Macao’s GDP amounted to approximately 379.5 billion MOP (around $47.4 billion), an increase of seven times compared to 1999, while per capita GDP had more than quadrupled to around $70,000. On Forbes magazine’s 2024 list of the world’s richest places, Macao ranked first in Asia and second globally.
The city boasted an average life expectancy of 83.1 years in 2023, up from 77.9 years old in 1999, among the highest globally. Its unemployment rate has averaged below 2 percent since 2012, signaling nearly full employment.
Tourism has also expanded dramatically, from 6.6 million visitors in 1999 to 39.4 million in 2019. By December 7, the city had welcomed over 32 million tourists this year – a 26 percent increase compared to the same period last year. The number is expected to hit 33 million by year’s end.
‘New stage’
Stressing that the practice of “One Country, Two Systems” has entered a new stage, Xi on Friday called on the new SAR government to promote the appropriate diversification of the local economy, improve governance efficiency, build a platform for higher-level opening up, and safeguard social harmony and stability.
Under the “One Country, Two Systems” framework, Macao SAR enjoys distinct advantages, including its status as a free trade port, a separate customs territory, and a simple and low-tax environment. The World Trade Organization recognizes Macao as one of the most open economies in the world for trade and investment.
China’s central government has taken into full consideration the SAR’s unique position, encouraging it to integrate into the national development strategy and ensure it plays a better role in the nation’s opening up. Cooperative mechanisms and infrastructure – such as the Guangdong-Hong Kong-Macao Greater Bay Area, the Hong Kong-Zhuhai-Macao Bridge and the Guangdong-Macao In-Depth Cooperation Zone in Hengqin – have provided Macao with development headroom and rich opportunities.
With support from the central government, Macao has signed nearly 60 agreements with foreign countries and established robust economic, trade and cultural ties with over 120 countries and regions. The number of international organizations and institutions Macao participates in has increased to more than 190, and it has secured visa-free or visa-on-arrival access to 147 countries and regions. It also has 13 sister cities.
Meanwhile, Macao’s contribution to the Belt and Road Initiative has injected new vitality into the global economy. In 2023, the value of goods delivered by Macao to Belt and Road partner countries reached MOP 770 million, up 47.8 percent year on year, and the value of imports from the Belt and Road partners was MOP 30.92 billion, up 18.0 percent year on year.
Last year, Macao and Hengqin formed a joint delegation to go abroad to attract investment. Nearly 350 business matchmaking meetings were held in Singapore, Malaysia, Indonesia, Portugal, Spain and other countries, and 17 cooperation agreements were signed.
In his speech, Xi voiced confidence that Macao SAR will open up new horizons for development and keep creating new glories, as long as “One Country, Two Systems” is comprehensively, accurately and unwaveringly implemented.
For more information, please click:
https://news.cgtn.com/news/2024-12-20/Xi-Jinping-delivers-speech-at-gathering-marking-Macao-s-return-anniversary-1ztOa4Tr3eU/p.html
View original content:https://www.prnewswire.co.uk/news-releases/cgtn-macao-sar-embarks-on-new-chapter-of-one-country-two-systems-302337193.html
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.
Photo: https://mma.prnewswire.com/media/2586123/Tickmill.jpg
Logo: https://mma.prnewswire.com/media/2586129/Tickmill_Logo.jpg
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/according-to-tickmill-survey-3-in-10-britons-in-economic-difficulty-purchasing-power-down-41-since-2004-302337354.html
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
Video – https://mma.prnewswire.com/media/2586073/NYSE_Dec_20_2024_Market_Update.mp4
Logo – https://mma.prnewswire.com/media/2581322/5088857/New_York_Stock_Exchange_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/nyse-content-advisory-pre-market-update-and-weekly-recap-december-20-2024-302337332.html
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
Photo – https://mma.prnewswire.com/media/2586035/Surprises_Guaranteed_Bybit_Card_Dishes_Out_Rewards_Holiday_Giveaway.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/surprises-guaranteed-bybit-card-dishes-out-rewards-in-holiday-giveaway-302337260.html
-
Fintech4 days agoFintech Pulse: Your Daily Industry Brief (Synapse, Shenzhen Institute, Visa, AutomatIQ, MeridianLink)
-
Fintech3 days agoFintech Pulse: Your Daily Industry Brief (Revolut, Bestow, Advyzon, Tyme Group, Nubank)
-
Fintech PR7 days agoLanistar launches new gaming sites in Brazil as secures right to operate pending final approval on its licence
-
Fintech3 days agoAsian Financial Forum returns as region’s first major international financial assembly in 2025
-
Fintech19 hours agoFintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA)
-
Fintech4 days agoNASDAQ-Listed LYTUS Appoints Visionary Leader Sai Guna Ranjan Puranam as COO (Lytus Healthcare) and Group CTO (Lytus Technologies) to Revolutionize Healthcare and Technology
-
Fintech4 days agoDhaka Court Dismisses Allegations Against Nagad Founder Tanvir A Mishuk
-
Fintech PR2 days agoGan & Lee Pharmaceuticals Announces U.S. FDA Clearance of the IND application for the innovative Bi-weekly GLP-1RA GZR18 Injection, Bofanglutide, with chronic weight management Indication (A Phase 2 head-to-head with Tirzepatide clinical trial)