Economics
On the morning of September 4th, Hedwig Norrance, President of the International Banking Federation, and his delegation visited Hongkou District, Shanghai. Liberation Daily's Shangguan News conducted an exclusive interview with Hedwig Norrance. The International Federation of Banks was established in 2004, representing the comprehensive perspective of its national banking associations. It is an important representative of the global banking industry and actively engages in exchanges with international standard setting bodies and global regulatory bodies on topics that have an international dimension or significant impact on its members. Heidegger Norrance's last visit to China was in 2019. Four years later, on the eve of the China International Fair for Trade in Services, as she looked out of the hanging window on a flight to Beijing, "I was shocked by the rapid development of this country in the past four years.". From towering skyscrapers to speeding highways, even in the face of the global pandemic, China has not
At the 2023 China International Fair for Trade in Services Development Summit Forum held on September 3, the Digital Trade Development and Cooperation Report 2023 was released to the public. The report shows that China's international competitiveness in digital trade is steadily increasing, with a net export scale of digital services reaching 46.75 billion US dollars in 2022, a year-on-year increase of 55.8%. In 2022, the global scale of digital service trade was 3.82 trillion US dollars, a year-on-year increase of 3.9%. ICT services continued to lead the growth of segmented digital service trade, and regional digital service trade growth showed differentiation. Multinational corporations' investment in the digital field maintained rapid growth. In 2022, the total import and export value of digital services in China was $371.08 billion, a year-on-year increase of 3.2%, accounting for 41.7% of the total import and export of services. China Mutual Aid
On September 4th, the 2023 Global Asset Management Center Evaluation Index, compiled by the China Europe Lujiazui International Financial Research Institute, was officially released. Shanghai maintains its sixth position as the global asset management center, fully reflecting the fundamental advantages and endogenous resilience of the Shanghai market, with New York, Paris, and London ranking in the top three. Compared to 2022, the ratings and rankings of asset management centers in the Eurozone have generally increased due to the impact of capital flows and the level of investment in the ESG sector, while the Asian region has experienced a decline. New York still leads the global asset management center with an absolute advantage, while Paris leaps into the top three and narrowly surpasses London. Under economic uncertainty, global demand for risk hedging products continues to rise, with Chicago further rising to fourth place on the basis of 2022, and Singapore slightly declining by one place to fifth place. flange
Describing the growth rate of cross-border e-commerce at Shanghai Airport Port as "crazy" seems perfectly fitting. Song Geyouji, Deputy Director of the Customs Express Supervision Department at Pudong Airport, stated that three years ago, Pudong Airport launched the first month of the "Cross border E-commerce B2B Export" pilot program, with a total declared vote count of 300000. But now, 300000 tickets can be achieved in just a few hours, with "over a million tickets per day easily." Data shows that in the first eight months of this year, the number of cross-border e-commerce declared by Pudong Airport Customs reached 261 million, of which 40.64 million were in August. With the upcoming shopping seasons of "Double 11" and "Black Friday", it is just around the corner to see over 50 million tickets sold in a single month within the year. Jieli's warehouse is filled with exported cross-border e-commerce goods. Shanghai Airport handles a massive amount of cross-border e-commerce goods every day. The Rise of New Generation Cross border E-commerce and Mainstream Tonnage
Shanghai Yongda Edible Fungi Co., Ltd., a private enterprise established for nearly 20 years, is a key leading enterprise in the agricultural industry and a high-tech enterprise in Shanghai. As of the end of July this year, the company's mycelium and edible mushroom exports have increased by 1.3 times and 2.1 times year-on-year, respectively. The company leader Huang Guobiao attributed the rapid increase in foreign trade to a series of favorable policies, including the rapid acquisition of export qualifications for multiple varieties such as shiitake mushrooms, and the implementation of "no interference, instant release" by customs for products that are not involved in risk control, in order to defend the timely clearance of fresh shiitake mushrooms. According to statistics from Shanghai Customs, in the first seven months of this year, there were 52000 foreign trade enterprises in Shanghai with import and export performance, of which private enterprises accounted for 30.1%, and the import and export amount was 753.18 billion yuan, with a growth rate of 15.2%. It has become an accelerator for the growth of Shanghai's foreign trade. Wu Song
According to relevant regulations such as the Personal Information Protection Law, the personal information of minors under the age of 14 is classified as sensitive personal information. Training institutions should establish specialized rules for the processing of information on minors. In the process of processing such information, the consent of the parents or other guardians of minors must be obtained, and strict protective measures must be taken. Recently, according to reports from netizens and inspections by regulatory authorities, some children's training institutions in Shanghai have engaged in illegal and irregular behavior of excessive, compulsory, and induced collection of non essential personal information of minors when providing services. On September 5th, a reporter from Jiefang Daily and Shangguan News learned from the Shanghai Cyberspace Administration and the Shanghai Market Supervision Bureau that regulatory authorities have lawfully interviewed multiple off campus training institutions, requiring the operating entities to comprehensively rectify, formulate and improve internal management systems to strengthen personal information protection, and effectively
On September 5th, at the Gastech 2023 conference held in Singapore, the design of a 271000 cubic meter ultra large liquefied natural gas transport vessel developed by Hudong China Shipbuilding Co., Ltd., a subsidiary of China Shipbuilding Corporation, was awarded a principle recognition certificate by the four major international classification societies of the United States, Lloyd's Register of Shipping, Norway, and France. According to industry insiders, this is the largest LNG transport ship developed and designed globally so far, which means that China's LNG ship research and development, design, and construction have entered the super large field in one fell swoop, and it also marks a big step forward for China's high-end ship research and design capabilities towards the world's leading goal. This "Big Mac" has a total length of 344 meters, a molded width of 53.6 meters, a molded depth of 27.2 meters, and a designed draft of 12.0 meters,
After the successive departure of cruise routes from Japan and South Korea, Chinese tourists will have new destinations for outbound cruise ships. China Merchants Viking Cruise Line announced today that it will launch a new outbound travel route, "8-day Brilliant and Charming South China Sea Tour," starting from December 3rd this year. With a new perspective on cultural tourism, it aims to create high-quality cruise tourism products and discover unique Vietnam and Hong Kong, China. Vietnam, with its long coastline and abundant tourism resources, has been highly welcomed by tourists from around the world in recent years. According to the news released by the National Tourism Administration of Vietnam, the global ranking of search volume related to tourism in Vietnam has continued to rise since the beginning of this year, and China is currently the second largest source of inbound tourists in Vietnam. Therefore, the upcoming "8-day Shining and Charming South China Sea Tour" route this winter will visit multiple ports in Vietnam. This new cruise route will be operated by the first Chinese ocean going vessel
In the past two days, the content about the planning and construction of Shanghai Metro Line 26 has been widely circulated. On September 5th, the official Weibo account of Shanghai Transportation responded that after verification, the relevant route planning is still in the preliminary research process. According to online reports, Shanghai Line 26 has been planned as an urban connecting ring, and it is also the second subway ring line in Shanghai after Line 4 of the rail transit system. The total length of the line is about 77.87 kilometers, with a total of 56 stations. After completion, it will become the longest urban subway loop in China. As the "core protection ring", Line 4 of rail transit has a total length of 33.6 kilometers, with 26 stations and 6 A-type train formations. Recently, some news media and self media have reported on the planning and construction of Metro Line 26. Regarding this, the Municipal Transportation Commission stated that after verification, the relevant route planning is still under preliminary research
On September 4, Ruixing Coffee, a new product named "Maotai Latte" jointly with Kweichow Moutai, was put on the shelf, and young people were clocked in one after another. At present, the Jiefang Daily Shangguan News reporter found that many Ruixingmen stores in the urban area of Shanghai have sold out this product. The clerk of Ruixing Coffee Shanghai International Group Building told the reporter that their main raw material, Baijiu flavored thick milk, had been used up yesterday, so today this "sauce flavored latte" has been sold out. At noon, he borrowed a batch of raw materials from a distant store, which could make dozens of cups, but it was sold out in just ten minutes after being put on the shelves. According to calculations by Jiefang Daily's Shangguan News reporter, if the alcohol concentration per cup is around 0.2 to 0.3 degrees, then a bottle of Feitian Maotai can make about 221 "sauce flavored lattes". According to Ruixing's announcement
With the accelerated innovation of digital technologies such as big data, cloud computing, artificial intelligence, and blockchain, the financial industry has become one of the most widely and deeply applied industries in digital technology. In recent years, Shanghai has actively grasped the development trend of digitalization, networking, and intelligence in the financial industry, and actively promoted the practice of financial technology innovation. In January 2020, Shanghai issued the "Implementation Plan for Accelerating the Construction of Shanghai Financial Technology Center", which clarified the overall goal and key tasks of building Shanghai into a globally competitive financial technology center. At the end of 2020, the Shanghai Municipal Party Committee and Government proposed a strategic deployment to comprehensively promote urban digital transformation, providing more macro strategic guidance and a more favorable economic and social environment for accelerating the application of financial technology in the financial sector and deepening digital transformation and upgrading. In August 2021, Shanghai International Gold
The first batch of listed companies on the Science and Technology Innovation Board, Zhongwei Semiconductor, had about 14000 components in one etching machine, but in 2017, most of the components relied on imports. It was also in that year that Zhongwei Company decided to separate its internal IT department with the goal of improving the localization rate of the supply chain, and established Zhongwei Huilian Technology Co., Ltd. Since then, this "industrial empowerment chain owner" has built an industrial Internet platform for the integrated circuit industry, hard core exports its strict quality standards, and vigorously cultivates local manufacturers that meet the standards. Now, it has gathered nearly 1000 direct suppliers. In the whole supply chain of manufacturing etchers, domestic parts have become a big leader. "Moreover, the local suppliers who have been working with us have grown from only a few dozen people at the beginning to at least four that are currently undergoing IPOs."
The spokesman of the Ministry of Foreign Affairs of Kazakhstan, Aybek Smadiyarvov, announced on September 5 that an international conference on the tenth anniversary of the "the Belt and Road" initiative would be held in Astana, the capital of Kazakhstan, on September 7. It is reported that the China International Import Expo will become an important topic of this international conference. During the event, a symposium on the China International Import Expo will also be held to provide a comprehensive introduction to the Harbin government, business, and academic community. Kazakhstan is the first place to launch the "the Belt and Road" initiative.