beijing
26,277 προβολές
5 Δημοσιεύσεις
Δημοφιλές
Πιο πρόσφατα
Chinese Government Takes Unexpected Step to Combat Financial Instability. 🇨🇳🐉
The China Securities Regulatory Commission (CSRC) has made a significant announcement, revealing its decision to suspend lending restricted shares starting January 29. This strategic move is a part of China's broader efforts to curb short-selling activities and bring stability to its stock market, which has been facing considerable turbulence.
Restricted shares, often subject to sale and transfer restrictions for corporate governance or employee compensation reasons, take center stage in this decision. The suspension aims to emphasize fairness, reduce securities lending efficiency, and ultimately foster a more equitable market order.
This is not the first step in China's campaign. In January, the country's largest brokerage ceased lending stocks to retail investors and increased margin requirements for institutional investors. Back in October, new rules were implemented for hedge funds, restricted shares lending, and heightened supervision of arbitrage activities.
China's stock market encountered hurdles in 2023, with the CSI 300 Index declining by 11%. Foreign investors, displaying reduced confidence, offloaded over 170 billion yuan worth of onshore stocks between July and November last year.
Short-selling, a financial strategy involving borrowing shares with the hope of a price decline, is at the center of China's regulatory focus. The aim is clear – to curb short-selling activities and stabilize the market amidst significant challenges.
Interestingly, despite market challenges, China is channeling significant investments into pilot projects for its central bank digital currency (CBDC) – the digital yuan. CBDC use cases extend to integrations with foreign banks and settling commodities transactions on Shanghai exchanges.
#China #BTC #etf #ETH #beijing
The China Securities Regulatory Commission (CSRC) has made a significant announcement, revealing its decision to suspend lending restricted shares starting January 29. This strategic move is a part of China's broader efforts to curb short-selling activities and bring stability to its stock market, which has been facing considerable turbulence.
Restricted shares, often subject to sale and transfer restrictions for corporate governance or employee compensation reasons, take center stage in this decision. The suspension aims to emphasize fairness, reduce securities lending efficiency, and ultimately foster a more equitable market order.
This is not the first step in China's campaign. In January, the country's largest brokerage ceased lending stocks to retail investors and increased margin requirements for institutional investors. Back in October, new rules were implemented for hedge funds, restricted shares lending, and heightened supervision of arbitrage activities.
China's stock market encountered hurdles in 2023, with the CSI 300 Index declining by 11%. Foreign investors, displaying reduced confidence, offloaded over 170 billion yuan worth of onshore stocks between July and November last year.
Short-selling, a financial strategy involving borrowing shares with the hope of a price decline, is at the center of China's regulatory focus. The aim is clear – to curb short-selling activities and stabilize the market amidst significant challenges.
Interestingly, despite market challenges, China is channeling significant investments into pilot projects for its central bank digital currency (CBDC) – the digital yuan. CBDC use cases extend to integrations with foreign banks and settling commodities transactions on Shanghai exchanges.
#China #BTC #etf #ETH #beijing
Beijing Municipality Makes Blockchain and Artificial Intelligence Engineer Training Plans!
Beijing, the capital of China, is preparing a major plan to meet the demand for trained engineers in the important areas of blockchain, artificial intelligence (AI), and big data. The Beijing Municipality aims to educate 10,000 engineers annually in these technologies, showcasing its deep talent pool in the blockchain field despite having a ban on cryptocurrencies, even as the country ranks as the second most powerful nation in the world. This initiative seeks to enhance Beijing's interest and capabilities in new digital realms supported by technologies like Web3 and the metaverse.
Beijing Municipality's Plans:
According to local reports, the Beijing government aims to train 10,000 local engineers in rapidly growing technology fields such as blockchain, artificial intelligence, and big data each year. This plan was outlined in a government document presented by the Beijing Municipal Human Resources and Social Security Bureau, emerging as an initiative by this bureau that plays an executive role in workforce development in Beijing.
According to the details of the plan, alongside educational activities, the Beijing government also plans to update talent assessment systems to empower technical experts to acquire expertise in emerging technology domains. This will enable specialists to enhance their skills and progress in their careers.
A Focus on Web3 and the Metaverse:
Beijing's initiative to enhance blockchain and artificial intelligence capabilities signifies a broad effort centered around new digital realms like Web3 and the metaverse. Other major Chinese cities, along with Beijing, are also planning to generate significant revenues from cultural and tourism metaverse projects. With the support of such projects, China aims to play a more active role in the Web3 domain.
Beijing Metaverse Innovation Center:
In a recent announcement, Beijing unveiled the construction of the Beijing Metaverse Innovation Center, a government-backed initiative to foster research, development, and adoption of metaverse technologies. This center will focus on metaverse technologies and contribute to the cultivation of engineers working in this field.
China's Strong Blockchain and Web3 Capabilities:
Despite China's comprehensive ban on cryptocurrencies, the country still possesses rich talent in the fields of blockchain and Web3. While many companies have relocated overseas following stringent measures imposed by the government on cryptocurrencies, China has played a significant role in the early-stage development of the industry and has nurtured a generation of crypto-savvy talents.
China's Crypto Workforce:
According to a report by K33, China constitutes 15% of Asia's crypto workforce, trailing behind only Singapore, Hong Kong, and India. Meanwhile, the United States, despite accounting for only 29% of the global crypto workforce, is considered a leading jurisdiction in the crypto space.
In Summary:
The Beijing Municipality's plan to train 10,000 blockchain and artificial intelligence engineers stands out as a significant initiative to further enhance China's digital technology capabilities. Beijing's interest in Web3 and the metaverse reflects the country's efforts to become a prominent player in the global digital technology scene. These endeavors support China's goal of maintaining leadership in these technologies by showcasing its rich talent pool in blockchain, artificial intelligence, and Web3. #beijing #metaverse #blockchains #web3.0 #artificialintelligence
Beijing Municipality's Plans:
According to local reports, the Beijing government aims to train 10,000 local engineers in rapidly growing technology fields such as blockchain, artificial intelligence, and big data each year. This plan was outlined in a government document presented by the Beijing Municipal Human Resources and Social Security Bureau, emerging as an initiative by this bureau that plays an executive role in workforce development in Beijing.
According to the details of the plan, alongside educational activities, the Beijing government also plans to update talent assessment systems to empower technical experts to acquire expertise in emerging technology domains. This will enable specialists to enhance their skills and progress in their careers.
A Focus on Web3 and the Metaverse:
Beijing's initiative to enhance blockchain and artificial intelligence capabilities signifies a broad effort centered around new digital realms like Web3 and the metaverse. Other major Chinese cities, along with Beijing, are also planning to generate significant revenues from cultural and tourism metaverse projects. With the support of such projects, China aims to play a more active role in the Web3 domain.
Beijing Metaverse Innovation Center:
In a recent announcement, Beijing unveiled the construction of the Beijing Metaverse Innovation Center, a government-backed initiative to foster research, development, and adoption of metaverse technologies. This center will focus on metaverse technologies and contribute to the cultivation of engineers working in this field.
China's Strong Blockchain and Web3 Capabilities:
Despite China's comprehensive ban on cryptocurrencies, the country still possesses rich talent in the fields of blockchain and Web3. While many companies have relocated overseas following stringent measures imposed by the government on cryptocurrencies, China has played a significant role in the early-stage development of the industry and has nurtured a generation of crypto-savvy talents.
China's Crypto Workforce:
According to a report by K33, China constitutes 15% of Asia's crypto workforce, trailing behind only Singapore, Hong Kong, and India. Meanwhile, the United States, despite accounting for only 29% of the global crypto workforce, is considered a leading jurisdiction in the crypto space.
In Summary:
The Beijing Municipality's plan to train 10,000 blockchain and artificial intelligence engineers stands out as a significant initiative to further enhance China's digital technology capabilities. Beijing's interest in Web3 and the metaverse reflects the country's efforts to become a prominent player in the global digital technology scene. These endeavors support China's goal of maintaining leadership in these technologies by showcasing its rich talent pool in blockchain, artificial intelligence, and Web3. #beijing #metaverse #blockchains #web3.0 #artificialintelligence
Beijing's Bold Leap into Web3.0: Setting the Stage for a Global Digital Revolution
A New Era Dawns: Beijing’s Web3.0 White Paper
The Beijing Municipal Science and Technology Commission, in partnership with the Zhongguancun Science Park Management Committee, has just unveiled a monumental initiative: the "Beijing Web3.0 Innovation and Development White Paper" for 2023. This ambitious roadmap signals Beijing's unwavering commitment to fostering an immersive, interactive future that seamlessly bridges the virtual and real worlds.
Web3.0: The Future of the Internet, Today
Web3.0 is no longer a mere concept. It's here, and it's revolutionizing how we interact with the digital world. Offering a high level of immersive interaction and a three-dimensional space that combines virtual and real dimensions, Web3.0 embodies the essence of the Metaverse and beyond. It's not just a technological upgrade; it's a paradigm shift in our digital experience.
The Architecture of Web3.0: A Four-Layered Phenomenon
The White Paper presents a comprehensive understanding of Web3.0's system architecture, broken down into four critical layers: infrastructure, interactive terminal, platform tool, and application. This division provides the foundation for the operation of Web3.0, encompassing diverse technologies like artificial intelligence, blockchain, computational chips, XR terminals, digital twins, and more.
The Global Web3.0 Landscape: A Competition and a Collaboration
Web3.0 isn't exclusive to Beijing. Tech juggernauts around the world, including Apple, Meta, Microsoft, Google, Nvidia, Baidu, ByteDance, and Tencent, are all part of this global Web3.0 narrative. It's a competitive space, but also one of collaboration and shared learning, making the race to Web3.0 a truly global effort.
Beijing's Strategic Approach: Building an Innovation Highland
Beijing's approach to Web3.0 involves creating a global innovation hub. The city's plans focus on fostering key technologies, developing common technology platforms, exploring application scenarios, and building an innovation ecosystem. Districts within Beijing are also playing their part, each carving out a unique niche within this digital revolution.
Challenges and Solutions: Navigating the Web3.0 Journey
No groundbreaking initiative comes without its share of challenges. As Beijing gears up to strengthen its Web3.0 industry, it must tackle hurdles like technical support, talent acquisition, and legal norms. But with an unwavering commitment to policy support, organizational guarantees, and risk supervision, Beijing is poised to overcome these obstacles and create a thriving Web3.0 ecosystem.
Conclusion: A Call to the Future
Beijing's strategic vision for Web3.0 marks a significant step towards a global digital revolution. As it rallies to build an innovative and influential Web3.0 hub, it beckons the rest of the world to join in this exciting journey. The future of the internet is here, and it's time for us all to step into the new world of Web3.0.
#beijing #china #web3 #feedfeverchallenge
The Beijing Municipal Science and Technology Commission, in partnership with the Zhongguancun Science Park Management Committee, has just unveiled a monumental initiative: the "Beijing Web3.0 Innovation and Development White Paper" for 2023. This ambitious roadmap signals Beijing's unwavering commitment to fostering an immersive, interactive future that seamlessly bridges the virtual and real worlds.
Web3.0: The Future of the Internet, Today
Web3.0 is no longer a mere concept. It's here, and it's revolutionizing how we interact with the digital world. Offering a high level of immersive interaction and a three-dimensional space that combines virtual and real dimensions, Web3.0 embodies the essence of the Metaverse and beyond. It's not just a technological upgrade; it's a paradigm shift in our digital experience.
The Architecture of Web3.0: A Four-Layered Phenomenon
The White Paper presents a comprehensive understanding of Web3.0's system architecture, broken down into four critical layers: infrastructure, interactive terminal, platform tool, and application. This division provides the foundation for the operation of Web3.0, encompassing diverse technologies like artificial intelligence, blockchain, computational chips, XR terminals, digital twins, and more.
The Global Web3.0 Landscape: A Competition and a Collaboration
Web3.0 isn't exclusive to Beijing. Tech juggernauts around the world, including Apple, Meta, Microsoft, Google, Nvidia, Baidu, ByteDance, and Tencent, are all part of this global Web3.0 narrative. It's a competitive space, but also one of collaboration and shared learning, making the race to Web3.0 a truly global effort.
Beijing's Strategic Approach: Building an Innovation Highland
Beijing's approach to Web3.0 involves creating a global innovation hub. The city's plans focus on fostering key technologies, developing common technology platforms, exploring application scenarios, and building an innovation ecosystem. Districts within Beijing are also playing their part, each carving out a unique niche within this digital revolution.
Challenges and Solutions: Navigating the Web3.0 Journey
No groundbreaking initiative comes without its share of challenges. As Beijing gears up to strengthen its Web3.0 industry, it must tackle hurdles like technical support, talent acquisition, and legal norms. But with an unwavering commitment to policy support, organizational guarantees, and risk supervision, Beijing is poised to overcome these obstacles and create a thriving Web3.0 ecosystem.
Conclusion: A Call to the Future
Beijing's strategic vision for Web3.0 marks a significant step towards a global digital revolution. As it rallies to build an innovative and influential Web3.0 hub, it beckons the rest of the world to join in this exciting journey. The future of the internet is here, and it's time for us all to step into the new world of Web3.0.
#beijing #china #web3 #feedfeverchallenge
