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Category: China

  • MIL-OSI Russia: Fuel shortages, fighting threaten Gaza water supplies – UN

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    UNITED NATIONS, June 25 (Xinhua) — United Nations humanitarian officials warned Tuesday that the death toll, including among children, will rise if the blockade of fuel supplies to Gaza continues, amid reports of continued shelling of Gazans at aid distribution sites.

    The UN Office for the Coordination of Humanitarian Affairs (OCHA) reported that the death toll in Gaza continues to rise in the ongoing conflict with Israel, including cases of shelling of civilians near humanitarian aid distribution points outside UN control, as well as along routes designated by the Israeli authorities for the delivery of humanitarian supplies.

    The United Nations Children’s Fund (UNICEF) said last week that if the current blockade of fuel supplies to Gaza, which has lasted for more than 100 days, is not lifted, children will begin to die of thirst.

    The number of children hospitalized for acute malnutrition increased by almost 50 percent in May compared to April, the organization said, highlighting the urgent need for drinking water as the infrastructure for its production has been largely destroyed.

    Humanitarian officials have also expressed grave concern about the mental health of children in Gaza.

    The UN and its partners have deployed more than 2,000 specially trained staff to provide psychological support, OCHA said. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: China’s UN envoy calls for return to political settlement of Iranian nuclear issue

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    UNITED NATIONS, June 25 (Xinhua) — China’s permanent representative to the United Nations Fu Cong called on the Security Council on Tuesday for a return to the path of a political settlement of the Iranian nuclear issue.

    China believes there is still hope for a peaceful resolution to the issue as diplomatic means have not been exhausted, he said.

    According to the Permanent Representative, all parties need to learn lessons from the crisis, resume dialogue on an equal basis and facilitate a return to the path of political settlement.

    First of all, the fighting should stop, he said, adding that China had taken into account the current events in the region and hoped for a real ceasefire.

    “The parties concerned must take practical measures to prevent the situation from escalating again. At the same time, the international community must make efforts to defuse the situation and promote dialogue and negotiations,” the diplomat said.

    To maintain a balance between nuclear non-proliferation and peaceful uses of the atom, he called on Iran to continue to fulfill its commitment not to develop nuclear weapons and on all other parties to fully respect Iran’s right as a party to the Nuclear Non-Proliferation Treaty to peaceful uses of nuclear energy.

    Noting that China supports all efforts to resume talks, Fu Cong said the Security Council should play a constructive role in helping the parties build trust, overcome differences and create conditions conducive to the resumption of talks.

    He stressed that the countries concerned should refrain from threatening to return to sanctions against Iran on every occasion, as this would only exacerbate tensions and confrontation and put diplomatic efforts at further risk.

    “A proper solution to the Iranian nuclear issue has a direct bearing on the credibility and effectiveness of the international non-proliferation regime and is of crucial importance to peace and stability in the Middle East,” Fu Cong stressed.

    “The situation in the region is currently at an important critical stage. China calls on all parties to act urgently and responsibly to de-escalate the situation and resume negotiations as soon as possible,” the diplomat added.

    As a permanent member of the Security Council and a party to the Joint Comprehensive Plan of Action on the Iranian nuclear program (JCPOA), China will continue to adhere to an objective and impartial position, strengthen communication and coordination with all parties, enhance cooperation and advocate justice, so as to play a constructive role in restoring peace in the Middle East and advancing a political settlement of the Iranian nuclear issue, the Permanent Representative concluded. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: China Eastern Airlines Launches Xi’an-Istanbul Direct Flight

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    ISTANBUL, June 25 (Xinhua) — A China Eastern Airlines flight carrying more than 200 passengers landed at Istanbul Airport at around 7:00 a.m. local time on Tuesday, marking the launch of the airline’s new direct route between northwest China’s Xi’an and Istanbul, Turkey.

    This is the airline’s second direct route connecting China and Turkey, after Shanghai-Istanbul. According to the Shanghai-based airline, the new route is operated by a wide-body Airbus A330 aircraft three times a week – on Tuesdays, Fridays and Sundays.

    At the opening ceremony of the first return flight from Istanbul at the airport on Tuesday morning, China’s Deputy Consul General in Istanbul Wu Jian called the opening of the new route an important step in building a convenient “air Silk Road” between the two historic cities.

    According to him, the new route will undoubtedly give new impetus to the development of Chinese-Turkish economic cooperation, cultural exchanges, as well as the joint promotion of the Belt and Road Initiative. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Second stage of China’s largest offshore gas field commissioned

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, June 25 (Xinhua) — China National Offshore Oil Corp. (CNOOC) said Wednesday that the second phase of its Shenhai-1 (Deepwater-1) gas field in the South China Sea has begun production, marking the completion of the country’s largest such project.

    According to the corporation, annual gas production at this field is expected to exceed 4.5 billion cubic meters, reaching the maximum design value.

    The geological reserves of the Shenhai-1 field amount to more than 150 billion cubic meters. Gas production has been carried out here since June 2021, when the first stage of the project was commissioned.

    Natural gas produced at the field is transported to coastal terminals in the Hong Kong Special Administrative Region, Sanya City in Hainan Province and Zhuhai City in Guangdong Province, supplying key economic regions and integrating into the state gas pipeline network.

    Shenhai-1 is the country’s most complex deepwater gas field project. It is being developed under the highest temperatures and pressures ever encountered in inland shelf exploration. The maximum operating depth exceeds 1,500 m, and the deepest wells are 5,000 m.

    Project manager Liu Kang said the production infrastructure and technology system formed as part of the project will help carry out comprehensive deep-sea oil and gas exploration in the future, increasing the role of marine resources in ensuring the country’s energy supply. -0-

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: LCSD to hold Sport For All Day 2025 and invite public to join

    Source: Hong Kong Government special administrative region

    LCSD to hold Sport For All Day 2025 and invite public to join

    To promote “Sport for All”, the Leisure and Cultural Services Department (LCSD) will hold the Sport For All Day (SFAD) 2025 on August 3 (Sunday). The public is welcome to join. The LCSD promotes “Stay Active, Healthy and Happy!” encouraging people of different ages and abilities to participate in regular sports and physical activities. With Hong Kong cohosting the 15th National Games (NG), the 12th National Games for Persons with Disabilities (NGD) and the 9th National Special Olympic Games (NSOG) with the Guangdong Province and the Macao Special Administrative Region for the first time, SFAD 2025’s theme, “Coalescing together for the National Games”, echoes these national sports events together with members of the public. On August 3, the LCSD will open a number of leisure facilities for public use free of charge, including indoor badminton courts, volleyball courts, basketball courts, squash courts, table tennis tables, fitness rooms, activity rooms, dance rooms, etc; outdoor tennis courts, bowling greens, archery ranges, golf facilities, etc; and public swimming pools and water sports centres (craft hiring). On the same day (from 2pm to 6pm), a series of free recreation and sports programmes promoting the items of the 15th NG, the 12th NGD and the 9th NSOG (such as golf, fencing, rugby sevens and triathlon) will be conducted at designated sports centres across the 18 districts. Activities will cover fitness items, health talks, sports demonstrations and a fun day for families, children, 25/06/2025, 11:04 LCSD to hold Sport For All Day 2025 and invite public to join https://www.info.gov.hk/gia/general/202506/25/P2025062400251p.htm#:~:text=LCSD to hold Sport For All Day 2025 and invite public to join&text=To promot… 1/2 youngsters, the elderly and persons with disabilities. The arrangements for booking leisure facilities and distributing free activity coupons will be announced in midJuly. To further promote “Sport for All” in the community, the LCSD continues to collaborate with the Sports Federation & Olympic Committee of Hong Kong, China (SF&OC), and is joining hands with the China Hong Kong Paralympic Committee (HKPC) to launch various activities at the SFAD 2025 prime venue. Many organisations will also open up their facilities or roll out recreation and sports programmes on August 3 for the public free of charge. The latest SFAD 2025 information will be provided on the dedicated website (www.lcsd.gov.hk/en/sfad). SFAD 2025 is co-organised by the SF&OC, the HKPC, Department of Health, the Sports Medicine Team of the Chinese University of Hong Kong, the Sports Medicine and Health Science Alumni Association of the Chinese University of Hong Kong, and the Physical Fitness Association of Hong Kong, China. Ends/Wednesday, June 25, 2025 Issued at HKT 11:05 NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: SFST looks for more co-operation opportunities with AIIB member states at its 10th Annual Meeting of Board of Governors in Beijing (with photos)

    Source: Hong Kong Government special administrative region

    SFST looks for more co-operation opportunities with AIIB member states at its 10th Annual Meeting of Board of Governors in Beijing  
         Speaking at the side event on “Implementing the International Financial Reporting Standards – Sustainability Disclosure Standards (ISSB Standards) from the Ground Up: The AIIB Journey”, Mr Hui noted that while the AIIB is one of the first multilateral development banks to adopt the ISSB Standards, Hong Kong was also confirmed by the International Financial Reporting Standards Foundation earlier this month as among the initial set of jurisdictions having set a target of fully adopting the ISSB Standards.
     
         He said, “By aligning with a global standard, we ensure international comparability of our data. This not only boosts investor confidence but also creates a strong foundation for new opportunities. The Hong Kong Special Administrative Region Government will continue to work in collaboration with financial regulators and stakeholders to support the pragmatic implementation of the ISSB Standards through enhancing capacity building and promoting the use of technological solutions.”
     
         This afternoon, Mr Hui also spoke on “Fostering Development and Infrastructure Connectivity” at the Governors’ Business Roundtable. He shared with delegations from other member states Hong Kong’s efforts in fostering development in sustainable finance as well as developing diverse and innovative financial products. The latter includes the roll-out of the Infrastructure Bond Programme and the issuance of infrastructure loan-backed securities by the Hong Kong Mortgage Corporation Limited (HKMC) with the AIIB as an anchor investor. He told the delegations that a third issuance by the HKMC can be expected this year.
     
         At the AIIB President’s Reception and the Special Session of the Board of Governors’ meeting held yesterday (June 24), Mr Hui met with the President of the AIIB, Mr Jin Liqun, and the President-elect of the AIIB, Ms Zou Jiayi. He also met financial officials of other member states to update them on Hong Kong’s latest developments in green and sustainable finance, and the recent vibrant financial market situation.
     
         In addition, Mr Hui held bilateral meetings separately with delegations from Egypt, Germany and Poland on the sidelines of the Annual Meeting to explore opportunities for further co-operation.
     
         During his stay in Beijing, Mr Hui met with the President of the Industrial and Commercial Bank of China, Mr Liu Jun, and the Chief Financial Officer of the China Construction Bank, Mr Sheng Liurong. He will return to Hong Kong tonight.
    Issued at HKT 17:41

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LCQ17: Tackling very hot weather

    Source: Hong Kong Government special administrative region

    Following is a question by the Hon Lee Chun-keung and a written reply by the Secretary for Environment and Ecology, Mr Tse Chin-wan, in the Legislative Council today (June 25): Question: It has been reported that the Hong Kong Observatory (HKO) recorded a high temperature of 35.6 degrees Celsius early this month, and according to HKO data, the average annual total number of very hot days observed since 2021 has exceeded 50, the highest figure since records began. Moreover, a study has predicted that extreme heat will occur more frequently in Hong Kong. In this connection, will the Government inform this Council: (1) of the number of days on which various temporary night heat shelters (heat shelters) under the Home Affairs Department were open and the average number of occupants per night in the past year; whether the authorities have plans to open more heat shelters to meet public demand for sheltering from heat under very hot weather conditions; if so, of the details; if not, the reasons for that; (2) as there are calls in the community urging the authorities to introduce additional heat relief measures for those living in various forms of inadequate housing, including subdivided units, cage homes and rooftop structures, whether the authorities have considered providing airconditioning subsidies and free cooling facilities (e.g. mist fans) to such households; if so, of the details; if not, 25/06/2025, 11:02 LCQ17: Tackling very hot weather https://www.info.gov.hk/gia/general/202506/25/P2025062500358p.htm 1/4 the reasons for that; (3) whether it will study the use of brand new cooling technologies and renewable energy, drawing on foreign cities’ research experience and practices in cooling, so as to tackle the problem of very hot urban weather; if so, of the details; if not, the reasons for that; and (4) given that in the reply to a question from a Member of this Council on June 6, 2018, the Government indicated that it would introduce green design in government buildings, of the details of the introduction of green design in government buildings in the past three years (including whether it has used building materials that enable green cooling and how such designs have mitigated the urban heat island effect)? Reply: President, In consultation with the Development Bureau and the Home Affairs Department, the reply to the question raised by the Hon Lee Chun-keung is as follows: (1) From June to October 2024, the 19 temporary heat shelters under the Home Affairs Department were opened for 70 days, of which overnight service was provided on 66 nights. The average number of registered users per night across all shelters was 9. Based on the current usage, the existing arrangement of temporary heat shelters is sufficient to meet the demand. The Home Affairs Department will continue to monitor the service provision. (2) According to the Scheme of Control Agreements, CLP Power Hong Kong Limited (CLP) and the Hongkong Electric Company 25/06/2025, 11:02 LCQ17: Tackling very hot weather https://www.info.gov.hk/gia/general/202506/25/P2025062500358p.htm 2/4 Limited (HEC) (collectively referred to as the power companies) have offered discounts in the electricity bills to low consumption customers and customers in need under their energy saving rebate and concession tariff schemes to encourage energy saving and reduce the tariff expense of the relevant customers. In addition, the two companies have, through programmes under the respective Community Energy Saving Fund and Smart Power Care Fund, been assisting the disadvantaged, including the provision of cash subsidies to eligible grassroots families and household of sub-divided units. For instance, CLP allocated $50 million in 2025 to provide subsidies for the electricity bills of 70 000 grassroots families, while HEC allocated $1.2 million to provide subsidies for 1 200 household of sub-divided units over the same period. CLP also launched the Inverter Air Conditioner Replacement Subsidy Scheme, which involve the allocation of $5 million subsidies for elderly persons, low-income families and persons with disabilities to replace their window-type air conditioners with inverter air conditioner with Grade 1 energy label. It is estimated that around 1 200 families will benefit from the scheme. The Government will continue to encourage the power companies to provide assistance for customers in need having regard to the companies’ operating situations. (3) To promote the application of new cooling technology the Government collaborated with local universities for the trial application of Passive Radiative Cooling Paint (PRCP) to reduce solar heat gain and control temperature increase. PRCP uses nanomaterial technology to reflect incoming solar radiation and emit thermal radiation simultaneously, achieving effective cooling even under direct sunlight. The Government leads by example and 25/06/2025, 11:02 LCQ17: Tackling very hot weather https://www.info.gov.hk/gia/general/202506/25/P2025062500358p.htm 3/4 encourages the private sector to jointly participate in promoting renewable energy. Some of the renewable energy systems could supply electricity required to buildings and, at the same time, provide a shading layer on the rooftop to help reduce the amount of heat absorbed by and released from the rooftop and hence the energy consumption of buildings. The Electrical and Mechanical Services Department is implementing the Pilot Scheme on Building-Integrated Photovoltaics (BIPV) (the Pilot Scheme) at its headquarters. The objective is to assess the effectiveness and feasibility of BIPV from various aspects based on relevant data collected under the Pilot Scheme, such as the actual power generation efficiency and reduction in indoor energy consumption, etc. (4) The Government has been leading by example and has implemented a target-based green performance framework for the new and existing government buildings since 2009. We aim to attain a “Gold” rating or above under “BEAM Plus” for new government buildings with a construction floor area of more than 5 000 square metres in order to enhance the environmental objectives and requirements. Over 600 government buildings have already attained BEAM Plus Gold or above rating to date. The Government has also commenced the application of green cooling building materials, for example, the above-mentioned PRCP has been applied to the roof of Hong Kong Coliseum to lower the surface temperature of the roof. The Government will continue to explore new green building materials and innovations to combat extreme heat. Ends/Wednesday, June 25, 2025 Issued at HKT 14:15 NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: EU Fact Sheets – Central Asia – 24-06-2025

    Source: European Parliament

    Central Asia links the huge Asian continent with Europe. The EU recognises its strategic importance in trade and energy routes, as well as in resources such as gas, oil and minerals (particularly gold, uranium and all types of rare earths). In 2019, the EU updated its Central Asia strategy to focus on resilience (covering areas such as human rights, border security and the environment), prosperity (with a strong emphasis on connectivity) and regional cooperation. The first-ever EU-Central Asia Summit, which took place in April 2025, represented a milestone and was an opportunity to upgrade relations to a strategic partnership, deepen trade and focus on energy economic cooperation, investment, high-quality connectivity, digitalisation, sustainable development and security cooperation (including hybrid threats). A EUR 12 billion investment package is planned through the Global Gateway, aimed at improving trade routes. It is a key opportunity for the EU to demonstrate its geopolitical interest in intensifying bilateral engagement and enhancing regional cooperation with Central Asia, to reduce its dependence on China and Russia in the context of global geopolitical changes. The summit also focused on climate action, human rights and strategic resources (including critical raw materials). In the light of the situation in Afghanistan, Central Asia has become crucial for security and stability. The January 2022 riots in Kazakhstan, which ended after the Collective Security Treaty Organization sent Russian-led troops, and the border clashes between Central Asian countries show the risk of instability in a region under Moscow’s influence. This influence in Central Asia is, however, weakening as a result of the Russian invasion of Ukraine and the concentration of troops at the front. This shift has created opportunities for Central Asian countries to emerge as more independent regional actors and has opened new avenues for partnership and cooperation with the EU in areas such as energy, raw materials and connectivity. However, Russia remains a key security provider in the region, with military facilities in three of the five Central Asian countries, and it controls two thirds of arms’ imports and supports the region’s governments. For trade and investment, the Chinese influence is growing with its Belt and Road Initiative. In response to the initiative, the EU has increased its engagement and investment in the region with the EU Global Gateway. Taking into account individual Member States’ assistance, the EU has become the largest donor in Central Asia, allocating over EUR 550 million to the Central Asia regional multiannual indicative programme for 2021-2027. The EU and Central Asia have taken important steps through the EU Global Gateway to develop the Trans-Caspian Transport Corridor, aimed at creating a multimodal, modern and competitive route linking Europe and Central Asia. Parliament continues to highlight the importance of resp[…]

    MIL OSI Europe News –

  • MIL-OSI: Santech Holdings Announces Unaudited Financial Results for the First Half of Fiscal Year 2025

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, June 25, 2025 (GLOBE NEWSWIRE) — Santech Holdings Ltd. (“Santech” or the “Company”) (NASDAQ: STEC) today announced its unaudited financial results for the first half of fiscal year 2025 ended December 31, 2024.

    Santech is a Cayman Islands holding company operating through its subsidiaries in Hong Kong and United States, primarily focusing on exploring opportunities in consumer technology, consumer healthcare and enterprise technology.

    First Half of Fiscal Year 2025 Highlights

    Continuing Operations

    Net revenues

    Total revenues from continuing operations in the six months ended December 31, 2024 decreased to nil from US$17.4 million in the same period of 2023, primarily due to Company having completely exited from overseas wealth management and asset management businesses during the reporting period. All remaining revenues from our prior overseas wealth management and asset management businesses during the reporting period have been reclassified under discontinued operations.

    Operating Costs and Expenses

    Cost of compensation and benefits from continuing operations in the six months ended December 31, 2024 decreased to nil from US$13.2 million in the same period of 2023.

    Sales and marketing expenses from continuing operations decreased to nil from US$1.5 million in the same period of 2023.

    All direct costs of revenue from overseas wealth management and asset management during the reporting period have been reclassified under discontinued operations.

    General and administrative expenses from continuing operations in the six months ended December 31, 2024 decreased by 4.3% to US$2.4 million from US$2.5 million in the same period of 2023, primarily due to ongoing cost cutting and restructuring.

    Other expenses, net from continuing operations in the six months ended December 31, 2024 were US$0.2 million, primarily due to the losses on early termination of operating lease.

    Discontinued Operations

    Results of discontinued operations are as follows:

               
      Six Months Ended December 31, 2023
    		   Two Months Ended August 31, 2024
      (US$’000)   (US$’000)
           
    Discontinued operations      
           
    Net revenues      
    Wealth management 2,442     11  
    Asset management 1,788     1,170  
    Total net revenues 4,230     1,181  
           
    Operating cost and expenses      
    Compensation and benefits 1,358     602  
    Sales and marketing expenses 315     –  
    General and administrative expenses 656     266  
    Asset impairment loss 2,158     –  
    Total operating cost and expenses 4,487     868  
           
    (Loss)/income from operations (257 )   313  
           
    Other expense, net (4 )   (1 )
           
    Income/(loss) before income tax expense (261 )   312  
    Income tax (expense)/credit (145 )   (29 )
    Net income/(loss) from discontinued operations (406 )   283  
           
    Gain on disposal of subsidiaries from discontinued operations, net –     138  
           
    (Loss)/income for the year from discontinued operations, net of income taxes (406 )   421  
           

    In August 2024, the Company completely exited from its historical businesses in overseas wealth management and asset management and disposed of certain subsidiaries in Hong Kong, namely, Haiyin Insurance (Hong Kong) Co., Limited and Hywin International Insurance Broker Limited for nil consideration, and Haiyin International Asset Management Limited and Hywin Asset Management (Hong Kong) Limited for US$0.6 million to a third party. The disposal was completed on August 31, 2024. After the disposals, the Company no longer holds any financial services licenses or houses any personnel licensed to provide financial services in Hong Kong.

    Net revenues

    Total revenues from discontinued operations in the two months ended August 31, 2024 decreased by 72.1% to US$1.2 million from US$4.2 million in the six months ended December 31, 2023, primarily due to cessation of operations in wealth management and asset management.

    Operating Costs and Expenses

    Cost of compensation and benefits from discontinued operations in the two months ended August 31, 2024 decreased by 55.7% to US$0.6 million from US$1.4 million, in line with the decreases in transaction value of wealth management and asset management businesses.

    Sales and marketing expenses decreased to nil from US$0.3 million in the six months ended December 31, 2023, due to discontinuation of sales and marketing activities.

    General and administrative expenses from discontinued operations in the two months ended August 31, 2024 decreased by 59.5% to US$0.3 million from US$0.7 million in the six months ended December 31, 2023.

    Asset impairment loss from discontinued operations in the six months ended December 31, 2023 represented impairment losses due to impairment of assets held in the PRC, and impairment of intangible assets including software and licenses due to disruption to our brand and our licensed financial services operations in Hong Kong.

    Loss from disposal of subsidiaries under discontinued operations

      Wealth management business   Asset management business   Total
      (US$’000)   (US$’000)   (US$’000)
               
    Considerations received –     641     641  
    Less: Net assets disposed of (134 )   (369 )   (503 )
               
    (Loss)/gain from disposal of subsidiaries (134 )   272     138  
     
     

    About Santech Holdings Limited
    Santech Holdings Limited (NASDAQ: STEC) is a technology-focused company. The Company historically served a large number of high net-worth clients in China and Hong Kong in wealth management, asset management and health management, and accumulated a large customer base. The Company has since exited or disposed of its historical businesses in financial services, and is actively exploring innovative new opportunities in technology verticals, including and not limited to consumer technologies and enterprise technologies. For more information, please visit https://ir.santechholdings.com.

    Safe Harbor Statement
    This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “anticipate,” “estimate,” “forecast,” “plan,” “project,” “potential,” “continue,” “ongoing,” “expect,” “aim,” “believe,” “intend,” “may,” “should,” “will,” “is/are likely to,” “could” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    Investor Contact:
    Santech Holdings Limited
    Email: ir@santechholdings.com

    SANTECH HOLDINGS LTD.
    CONSOLIDATED BALANCE SHEETS
    (In thousands, except for number of shares and per share data)
     
      June 30,
    2024    		   December 31,
    2024
      (US$’000)   (US$’000)
    Assets      
    Current assets:      
    Cash and cash equivalents 15,184     11,233  
    Deposits, prepayments and other current assets 320     72  
    Total current assets 15,504     11,305  
           
    Property and equipment, net 3     4  
    Right-of-use asset 1,235     –  
    Total non-current assets 1,238     4  
           
    Total Assets 16,742     11,309  
           
    Liabilities and Shareholders’ equity      
    Current liabilities:      
    Commission payable 859     –  
    Income tax payable 91     –  
    Due to related parties 11,488     11,062  
    Other payables and accrued liabilities 433     7  
    Lease liability 1,059     –  
    Total current liabilities 13,930     11,069  
           
    Lease liability 250     –  
    Total non-current liabilities 250     –  
           
    Total Liabilities 14,180     11,069  
           
    Shareholders’ Equity:      
    Ordinary shares (US$0.0001 par value; authorized 500,000,000 shares; issued and outstanding 56,000,000* shares (28,000,000 ADS) as of June 30, 2024, and December 31, 2024, respectively) 6     6  
    Additional paid-in capital 33,256     33,256  
    Accumulated deficit (30,700 )   (33,022 )
    Total shareholders’ equity 2,562     240  
           
    Total Liabilities and shareholders’ equity 16,742     11,309  
     
    SANTECH HOLDINGS LTD.
    CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
    (In thousands, except for share and per share data, or otherwise stated)
             
    Six Months Ended December 31,  
    2023   2024
      (US$’000)   (US$’000)
           
    Continuing operations      
           
    Net revenues      
    Insurance referral 17,351     –  
    Total net revenues 17,351     –  
           
    Operating cost and expenses      
    Compensation and benefits 13,210     –  
    Share-based compensation expense 102     –  
    Sales and marketing expenses 1,512     –  
    General and administrative expenses 2,469     2,364  
    Total operating cost and expenses 17,293     2,364  
           
    Income/(loss) from operations 58     (2,364 )
    Other income/(expenses)      
    Interest expense, net (63 )   (17 )
    Other income/(expense), net 72     (245 )
    Total other income/(expense), net 9     (262 )
           
    Income/(loss) before income tax expense 67     (2,626 )
    Income tax (expense)/credit –     (117 )
    Net income/(loss) from continuing operations 67     (2,743 )
           
    Discontinued operations      
           
    (Loss)/income for the year from discontinued operations, net of income taxes (406 )   421  
           
    Net loss and comprehensive loss for the period (339 )   (2,322 )
           
    (Loss)/income per share      
    From continuing and discontinued operations      
    Ordinary share – Basic (0.01 )   (0.04 )
    Ordinary share – Diluted (0.01 )   (0.04 )
    ADS – Basic (0.01 )   (0.08 )
    ADS – Diluted (0.01 )   (0.08 )
           
    From continuing operations      
    Ordinary share – Basic 0.00     (0.05 )
    Ordinary share – Diluted 0.00     (0.05 )
    ADS – Basic 0.00     (0.10 )
    ADS – Diluted 0.00     (0.10 )
           
           
    From continuing and discontinued operations      
    Ordinary share – Basic (0.01 )   0.01  
    Ordinary share – Diluted (0.01 )   0.01  
    ADS – Basic (0.01 )   0.02  
    ADS – Diluted (0.01 )   0.02  
           
    Weighted average number outstanding:      
    Ordinary share – Basic 56,000,000     56,000,000  
    Ordinary share – Diluted 56,000,000     56,000,000  
    ADS – Basic 28,000,000     28,000,000  
    ADS – Diluted 28,000,000     28,000,000  
     
    SANTECH HOLDINGS LTD.
    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
    (In thousands, except for share and per share data, or otherwise stated)
                                 
      Ordinary shares   Additional
    paid-in
    capital    		   Accumulated
    deficit    		   Total
    Shareholders’
    equity
                             
      Number of ordinary shares   Amount                  
            (US$’000)   (US$’000)   (US$’000)   (US$’000)
                 
                                 
    Balance as of June 30, 2024 56,000,000     6     33,256     (30,700 )   2,562  
     
    Net loss for the period –     –     –     (2,322 )   (2,322 )
     
    Balance as of December 31, 2024 56,000,000     6     33,256     (33,022 )   240  
     

    The MIL Network –

  • MIL-OSI Video: Electric Vehicles in the Intelligent Age

    Source: World Economic Forum (video statements)

    Electric Vehicles in the Intelligent Age

    China’s EV market grew by nearly 40% in 2024 as domestic manufacturing made strides and contributed significantly to the 25% increase in EV sales worldwide.

    With the recent acceleration in charging and autonomous capabilities, what do new innovations in the EV space mean for manufacturers and how could they further transform the current market?

    https://www.youtube.com/watch?v=n6cuSIHKnPU

    MIL OSI Video –

  • MIL-OSI Asia-Pac: Hong Kong’s innovation and technology sector to benefit from Mainland’s expedited patent pre-examination service starting June 30

    Source: Hong Kong Government special administrative region

    Hong Kong’s innovation and technology sector to benefit from Mainland’s expedited patent pre-examination service starting June 30 
         Under the enhanced measure, Hong Kong’s I&T sector (including innovative entities such as enterprises, higher education institutions and research institutions) seeking patent protection on the Mainland may submit patent pre-examination requests to the Shenzhen Intellectual Property Protection Center if they meet the relevant criteria (e.g. the inventions in their applications fall within the specified industry sectors). Upon passing the pre-examination, their patent applications can enter the expedited examination channel of the China National Intellectual Property Administration (CNIPA), significantly shortening the period of examination.
     
         The Director of Intellectual Property, Mr David Wong, said, “This cross-boundary facilitation measure for patent applications can effectively accelerate the legal protection and commercialisation of research outcomes in the vast Mainland market by Hong Kong’s I&T sector. The Hong Kong Special Administrative Region Government expresses its gratitude to the CNIPA for supporting Hong Kong in the advancement of I&T and IP trading, which enables Hong Kong to seize the opportunities brought by the national development of new quality productive forces and contribute to the high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area.”
     
         For details of the measures, please refer to the Intellectual Property Department’s website 
         The Commerce and Economic Development Bureau and the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen Municipality jointly promulgated the 16 Co-operation Measures in February 2023, aiming to advance IP development in Hong Kong and Shenzhen, foster cross-boundary IP and innovation, exchange and co-operation, and support Hong Kong’s development into a regional IP trading centre.
    Issued at HKT 17:00

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LCQ10: Promoting the development of the popular artistic toy industry

    Source: Hong Kong Government special administrative region – 4

    Following is a question by the Hon Jeffrey Lam and a written reply by the Secretary for Culture, Sports and Tourism, Miss Rosanna Law, in the Legislative Council today (June 25):
     
    Question:
     
    It has been reported that in recent years, the popular artistic toy industry and the “goods economy” (i.e. economic activities relating to intellectual property (IP) peripheral products of animation, comics, games, idols, etc) have expanded rapidly worldwide. Last year, the global market of “blind boxes” (i.e. sealed boxes whose IP peripheral products are not made known to consumers in advance) reached US$14.5 billion (approximately HK$113.1 billion), with some IP merchandise created by Hong Kong designers generating hundreds of millions of dollars in value in the international market. However, there are views that the popular artistic toy industrial chain in Hong Kong is not yet mature and requires precise policy support. In this connection, will the Government inform this Council:
     
    (1) whether it has compiled statistics for the period between 2022 and 2024 on (i) the number of companies registered in Hong Kong that were involved in the design, production or sale of popular artistic toys, (ii) the contribution of the popular artistic toy industry to Gross Domestic Product, (iii) the number of professional practitioners in the popular artistic toy industry, and (iv) among the projects approved under the Government’s funding schemes or funds for driving the development of the cultural and creative industries (e.g. the CreateSmart Initiative), the proportion of projects related to the popular artistic toy industry and the total amount of funding involved; if such data is unavailable, whether the Government will review if this emerging industry is outside the scope of the existing policy;
     
    (2) whether it has compiled statistics on the number of registrations filed with the Intellectual Property Department by local designers for artistic toy character designs from 2022 to 2024, and the number of cases in which Hong Kong enterprises have successfully turned local IP into mass-produced merchandise;
     
    (3) of the number of pop-up stores or exhibitions relating to the theme of popular artistic toys that were approved to be held in public venues (e.g. the West Kowloon Cultural District and galleries of the Leisure and Cultural Services Department) in the past year, and the average duration of such exhibitions;
     
    (4) among the events supported by the Mega Events Coordination Group last year, of the proportion of mega events that had the theme of popular artistic toys (e.g. designers’ autograph and sale sessions and blind box bazaars), as well as the data on the number of people who attended such events; and
     
    (5) as the Financial Secretary pointed out earlier on in a blog post that some IP with Hong Kong elements created by Hong Kong designers has generated hundreds of millions of dollars in value, and there are views that this reflects that the calibre of the local creative industry is of an international standard, whether the Government has formulated specific measures to assist in the development of the industrialisation of Hong Kong’s IP and to promote the maximisation of the value of local IP; if so, of the details; if not, the reasons for that?

    Reply:
     
    President,
     
    Art toy refers to toys designed by designers and artists, and infused with rich cultural connotations and fashionable creativity. It can be traced back to figures in the 1960s of the 20th century which were mostly derivative models of anime characters for the purposes of appreciation and collection. Noting the emergence and development of art toy in recent years which bring in opportunities for the creative industries in Hong Kong, the Cultural and Creative Industries Development Agency (CCIDA) under the Culture, Sports and Tourism Bureau (CSTB) has been actively supporting projects related to Hong Kong’s art toy industry, including setting up Hong Kong pavilions at exhibitions in the Mainland and overseas to support the industry in the promotion of art toys originated in Hong Kong.

    My reply to the various parts of the question raised by the Hon Jeffrey Lam’s question, in consultation with the Census and Statistics Department (C&SD) and the Intellectual Property Department (IPD), is as follows:
     
    (1) The cultural and creative industries (CCI) form an integral part of creating a diversified economy in Hong Kong. CCI covers the design sector whereas art toy design is grouped under this sector. According to the C&SD’s latest statistics, the value added by the design sector reached over $4.2 billion in 2023, accounting for over 0.1% of Gross Domestic Product in Hong Kong, and 3.1% of that of CCI. The number of establishments and practitioners engaged in the design sector were around 7 490 and 18 650 respectively.
     
    From 2022 till now, the CCIDA funded and fostered eight Hong Kong art toy-related projects through the CreateSmart Initiative (CSI). Overseas projects included driving the industry to participate in “Promote Hong Kong Designer Toys through Thailand Exhibitions”, “Promote Hong Kong Designer Toys through Thailand Toy Expo 2024”, “Promote Hong Kong Art Toys through Indonesia Exhibition 2024” and “Promote Hong Kong Art Toys through Thailand Toy Expo 2025”. These four projects facilitated over 20 business deals and more than 370 business enquiries and contacts, and ideal selling records were made for individual participating designers. For example, a Hong Kong art toy designer sold art toys of over $0.5 million and successfully reached out an Indonesian toy agent to expand his retail business in Indonesia. In the Mainland, the CSI funded the industry to participate in “Hong Kong Creative Pavilion@China (Shenzhen) International Cultural Industry Expo and Trade Fair plus Hong Kong@Shenzhen Cultural Industry Expo”, “Hong Kong Creative Pavilion@2024 Hangzhou Cultural & Creative Industry Expo”, “China International Cartoon & Animation Festival (Hangzhou)” and “China International Animation Copyright Fair (Dongguan)”. The CCIDA set up Hong Kong pavilions in these exhibitions to promote Hong Kong’s art toy, animation, game and related industries. These four Hong Kong pavilions attracted a total of over 160 000 participants, reaching out over 1 300 business deals and more than 120 business enquiries and contacts. The eight projects obtained about $38 million of the CSI funding.

    In fact, Hong Kong creators made great achievements in the global art toy industries in recent years. Their art toy characters designed and the products generated by their intellectual properties (IPs) successfully occupy a remarkable market share in markets of Hong Kong, the Mainland and overseas. Among them, Hong Kong renowned designers Lung Ka-sing and Kenny Wong created iconic art toy products, making great profits for the art toy industries. Lung also won an illustration award in Belgium, being the first Chinese designer to win this prize. Besides, Wong’s designs have collaborations with various international trendy brands for rolling out IP products.
     
    (2) According to the IPD, the Locarno classification published by the World Intellectual Property Organization is the system adopted for classifying articles under the local registered designs system. There is no specific class for “artistic toy characters”, which are instead classified under Class 21 (sub-class 01) – “games and toys”. The numbers of applications and registrations under this sub-class from 2022 to 2024 are as follows:
     

      2022 2023 2024
    Number of applications
    (Number of designs involved (Note 1))    		 31
    (66)    		 39
    (79)    		 59
    (82)
    Number of registrations (Note 2) 78 76 41

    Note 1: Each design application may contain one or more designs.
    Note 2: Since it takes time to process applications, the number of registrations shown may not equal to the number of applications received in a particular year.
     
    Other than obtaining protection for the design of an article under the registered designs system, the same may also be considered as a sign for registration under the trade marks system, or as an original artistic work protected by the copyright system (registration not required). Rights holders need to consider their overall IP protection and utilisation strategy, as well as the relevant legal requirements.

    Over the years, there have been numerous examples of Hong Kong businesses transforming local cultural and creative IPs into mass-produced products. This may be done by various ways such as sales and licensing, and it also depends on the types of IPs being utilised. The Government does not have statistics in this regard.
     
    (3) and (4) Different types of mega events in Hong Kong cover various areas, among which many of the events with profound IP elements are well received by the public. Events in 2024 include “100% DORAEMON & FRIENDS” Tour, Pokémon GO City Safari, PANDA GO! FEST HK, ComplexCon Hong Kong, Hypefest Hong Kong, and the annual Ani-com & Games Hong Kong that gathers animation, comics and figurines, etc. The CSTB supported these activities in different ways. As an estimate, these events attracted over five millions of participants.
     
    In 2024, there were nine art toy-related projects exhibited in venues of the West Kowloon Cultural District and the Leisure and Cultural Services Department. Their average exhibition period was about 17 days. In addition, there were lots of activities relating to the theme of art toy held in different government and private venues (such as shopping malls).
     
    (5) The Government has been promoting the development of the trading and commercialisation of local IPs, including various measures related to CCI.
     
    In strengthening IP protection, the copyright system is an essential component of the IP regime, offering protection for original works including those in the literary and artistic fields, and is crucial to the development of the local creative industries and a knowledge-based economy. The Copyright (Amendment) Ordinance 2022 came into effect in May 2023 to enhance copyright protection in the digital environment. The IPD is also conducting a comprehensive review of the local registered design system and plans to launch a public consultation within this year to ensure that the system remains up-to-date, aligns with current international standards, and meets the needs of Hong Kong’s future economic development. Besides, the CCIDA is actively supporting cultural IP projects (including those related to art toy mentioned above) through the CSI, and driving applicants to make applications for IP protection for their cultural and creative products, formulate IP agreements and manage IP portfolios, etc. so as to assist creators in exploring business opportunities.

    In enhancing capacity building, the IPD has in recent years provided more comprehensive and in-depth IP training courses and practical workshops for practitioners across various sectors, including those in the cultural and creative industries, with a target to benefit 5 000 practitioners across different industries within the current term of the Government. Besides, in collaboration with the Law Society of Hong Kong, the IPD has been providing free IP consultation services for small and medium enterprises through practising lawyers on a pro bono basis.

    On promotion effort, the Hong Kong Trade Development Council (HKTDC) continues to enrich large-scale activities such as the Hong Kong International Film and TV Market, the Hong Kong International Licensing Show and the Hong Kong Book Fair in order to support local original works to exploit the Mainland and international markets. The CCIDA has also funded the HKTDC to enhance the Asia IP Exchange portal, adding a database for arts, cultural and creative IPs to facilitate potential buyers in searching for relevant information, and introducing more elements of market transaction, such as business matching events, market information and professional service packages on IP trading to foster cross-sectoral collaboration. The CCIDA will facilitate more registration of local and non-local cultural and creative products on the Asia IP Exchange portal to promote the transactions of cultural IPs. 

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Government welcomes passage of Post Secondary Colleges (Amendment) Bill 2025

    Source: Hong Kong Government special administrative region – 4

    The Government welcomed the passage of the Post Secondary Colleges (Amendment) Bill 2025 by the Legislative Council today (June 25), which aims to enhance the regulatory and quality assurance mechanisms of self-financing post-secondary institutions, with a view to facilitating the healthy and sustainable development of the self-financing post-secondary education sector.

    The Bill amends the Post Secondary Colleges Ordinance (Cap. 320). Its three key features are: (i) reforming the regulatory regime for the self-financing post-secondary education sector to improve governance, ensuring the quality, transparency and accountability of self-financing institutions; (ii) removing barriers suitably, including rationalising the arrangements for self-financing institutions to award degrees, to enhance efficiency and effectiveness; and (iii) forging a unified regulatory framework to promote coherence in quality assurance, governance, positioning and overall co-ordination.

    The Secretary for Education, Dr Choi Yuk-lin, said, “Self-financing post-secondary institutions form an integral part of the post-secondary education sector in Hong Kong. The Government has long supported the parallel development of the self-financing and publicly funded post-secondary education sectors. The passage of the Bill signifies an important milestone for the development of the self-financing sector. We envisage that the enhanced regulatory framework can further support the capacity expansion and quality enhancement of the self-financing sector, with a view to harnessing its advantages in terms of flexibility and diversity to cultivate talent for the country and Hong Kong, and make more proactive contributions towards Hong Kong’s development into an international post-secondary education hub and building China into a leading country in education.”

    The Post Secondary Colleges (Amendment) Ordinance 2025 will be gazetted on July 4. Save for clauses relating to the delegation of authority to approve the award of degrees from the Chief Executive in Council to the Secretary for Education, which will come into operation on August 1, 2025, the commencement date of the other major provisions will be August 1, 2026. For relevant institutions that are not currently registered under Cap. 320, there will be a transitional period of around three years, until July 31, 2028, to complete the registration procedures. 

    The Education Bureau, in collaboration with the Hong Kong Council for Accreditation of Academic and Vocational Qualifications, will continue to maintain close liaison with self-financing institutions to ensure the smooth implementation of the enhanced regulatory framework and relevant transitional arrangements.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Extension of e-Channel service to holders of People’s Republic of China electronic passport

    Source: Hong Kong Government special administrative region

    Extension of e-Channel service to holders of People’s Republic of China electronic passport ​     Eligible PRC passport holders can use the e-Channel service when entering Hong Kong without prior enrolment for e-Channel service via face recognition technology. The new arrangement does not apply to PRC passport holders entering Hong Kong on the strength of ‘Entry Permit for Hong Kong’ issued by the overseas Chinese Diplomatic and Consular Missions. They will continue to complete arrival clearance at immigration counters.

    ​     The ImmD has always been committed to serving the public and striving for innovation by enhancing the clearance efficiency of the e-Channels and expanding the service target group so that more visitors can use the e-Channels for self-service immigration clearance, thereby providing them with a more convenient and efficient immigration experience.Issued at HKT 12:58

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LCQ21: Enhancing Cantonese proficiency of non-ethnic Chinese

    Source: Hong Kong Government special administrative region

    LCQ21: Enhancing Cantonese proficiency of non-ethnic Chinese 
    Question:
     
    It has been learnt that with the continuous increase in the Cantonese proficiency requirements for job seekers in various trades and industries in Hong Kong, quite a number of non-ethnic Chinese people face difficulties in securing employment due to the language barrier, and in particular, the limited availability of Cantonese courses is further restricting their learning channels. Some self-financing programmes offered by higher education institutions have been cancelled one after another due to under-enrolment, hindering non-ethnic Chinese people from enhancing their language proficiency and integrating into the community. In this connection, will the Government inform this Council:
     
    (1) whether it will communicate with the universities funded by the University Grants Committee to encourage them to offer more Cantonese courses (such as those similar to the courses offered by the Yale-China Chinese Language Academy of the Chinese University of Hong Kong), particularly those designed specifically for non-ethnic Chinese people; if so, of the details (e.g. the estimated cost of the courses); if not, the reasons for that;
     
    (2) whether it has plans to collaborate with self-financing institutions and other educational institutions to offer more Cantonese learning courses targeting non-ethnic Chinese people, so as to enhance their language proficiency and employment competitiveness; if so, of the details; if not, the reasons for that;
     
    (3) whether it will consider setting up dedicated scholarships or subsidy schemes to encourage and assist non-ethnic Chinese people in enrolling in the relevant courses offered by various major Cantonese learning centres in Hong Kong; if so, of the details; if not, the reasons for that;
     
    (4) whether it will consider launching summer Cantonese courses for non-ethnic Chinese youths, with a tailored design for the contents and mode of teaching and learning of such courses, so as to enhance their language proficiency and social confidence; if so, of the details; if not, the reasons for that; and
     
    (5) whether the Government has conducted any study or assessment in the past five years to analyse the actual Cantonese proficiency levels required by different industries in Hong Kong of their employees, as well as the impact on the employment of non-ethnic Chinese people; if so, of the findings of the relevant studies or assessments; if not, whether it will consider conducting relevant studies, so as to facilitate the formulation of corresponding policies?
     
    Reply:
     
    President,
     
    The Government has all along been committed to building a harmonious, inclusive and caring society for ethnic minorities and non-Chinese speakers to enjoy equal opportunities and integrate into the community. Different bureaux and departments of the Government all encourage and support non-Chinese young people to equip themselves for future employment. Regarding the question raised by the Hon Dominic Lee, the consolidated reply after consultation with relevant bureaux and departments is as follows:
     
    Support for non-Chinese speaking (NCS) students
     
    The Education Bureau (EDB) actively assists NCS students in adapting to the local education system at an early stage, encouraging them to make full use of their studies in primary and secondary schools to learn Chinese and integrate into the community. The EDB is committed to enhancing students’ proficiency in biliteracy and trilingualism (written Chinese and English; spoken Cantonese, Putonghua, and English) at both the primary and secondary levels. All eligible children (including NCS students) enjoy equal access to publicly-funded kindergartens, primary and secondary schools. The EDB also encourages parents of NCS students to arrange for their children to study in local kindergartens for early exposure to and learning of the Chinese language. In the 2024/25 academic year, more than 70 per cent of publicly-funded kindergartens, primary and secondary schools admitted NCS students. The EDB has also adopted a multi-pronged approach in providing NCS students with all-encompassing learning support from pre-primary to secondary levels.
     
    At the post-secondary education level, to develop more internationalised campuses and promote cultural integration on campuses, the EDB encourages the University Grants Committee-funded universities to step up their support for students from different backgrounds, including offering appropriate courses and workshops to non-local students who wish to learn Chinese/Cantonese. Additionally, the Vocational Training Council is committed to supporting NCS students in pursuing its vocational and professional education and training programmes, helping them enhance their Chinese language skills in listening, speaking, reading, and writing for both daily communication and workplace contexts.
     
    Support for school leavers and working individuals
     
    The Government promotes lifelong learning and is committed to enhancing the overall quality of the manpower. At present, many operators in Hong Kong offer a wide range of self-financing programmes to meet the continuing education needs of different individuals. As at June 2025, on the Qualifications Register under the Hong Kong Qualifications Framework (QF), based on registered course titles searches, there are around 100 Cantonese language educational courses targeting non-Chinese speakers, involving 22 course providers, covering QF Levels 1 to 4. Among them, there are part-time certificate courses on vocational Cantonese offered by the Employees Retraining Board (ERB) for non-Chinese speakers. NCS school leavers and working individuals may pursue relevant courses based on their personal interests and circumstances.
     
    Moreover, the Home Affairs Department (HAD) provides subsidies for non-school-attending ethnic minorities enrolled in dedicated language courses of the ERB, targetting members of low-income families with an attendance rate of 80 per cent or above. The HAD also provides funding to non-governmental organisations to organise language classes at the Support Service Centres for Ethnic Minorities and in the community to help ethnic minorities meet their basic daily needs.

         On the other hand, the Standing Committee on Language Education and Research has launched the Vocational Chinese Language Programme for NCS School Leavers initiative, inviting post-secondary institutions/training providers to develop and deliver vocational Chinese courses that are recognised under the QF. Upon completing the courses and meeting the attendance or assessment requirements, learners may receive up to 85 per cent tuition fee reimbursement. Over the past five years, an average of 200 NCS school leavers have benefited annually.
     
    The Government will continue to review the implementation of the different measures to better support the employment and learning needs of ethnic minorities and facilitate their integration into the community.
    Issued at HKT 14:45

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Mainland-Hong Kong Green Energy Matchmaking Event promotes development of green maritime fuel supply chain

    Source: Hong Kong Government special administrative region

         The Mainland-Hong Kong Green Energy Matchmaking Event organised by the Trade Development Bureau of the Ministry of Commerce of the People’s Republic of China and co-organised by the Transport and Logistics Bureau (TLB) and the Department of Commerce of Guangdong Province was held today (June 25) simultaneously in Hong Kong and Shenzhen. The Event aims to provide a collaborative platform for relevant suppliers and companies with demand to catalyse a comprehensive green maritime fuel supply chain and trade.
     
         The Event is supported by the Department of Foreign Trade of the Ministry of Commerce, the Commercial Office of the Economic Affairs Department of the Liaison Office of the Central People’s Government (LOCPG) in the Hong Kong Special Administrative Region (HKSAR), as well as a number of relevant organisations, associations and enterprises from Hong Kong and the Mainland. More than 200 representatives from various enterprises, including those from Hong Kong companies with demand for green maritime fuels and relevant fuel suppliers from the Mainland, gathered in the two venues to exchange views and discuss collaborations in relation to fuel off-take and to sign relevant Memoranda of Understanding (MOUs).
     
         The Secretary for Transport and Logistics, Ms Mable Chan, said at the Hong Kong venue, “Hong Kong and the Mainland share the same roots and are closely connected, with strong complementarity in the development of green maritime fuels. The Mainland’s core strength lies in the production of green fuels, while Hong Kong, as the southern gate of Mainland China and an international financial, trading and maritime centre, is not only home to a large number of international shipping enterprises, but also enjoys advantages such as free flow of capital, a financial and legal system that is in line with the rest of the world, and a trade settlement mechanism that allows immediate payment settlements. In addition, Hong Kong is the top bunkering centre in the Guangdong-Hong Kong-Macao Greater Bay Area, the second largest in the whole of China and ranks seventh globally. By adopting the ‘north-to-south sales’ model, under which the high-quality green maritime fuels produced on the Mainland can be exported to the world through Hong Kong’s international trading gateway, we will open up new ‘blue ocean’ opportunities for enterprises from the two places.
     
         “Today’s Event demonstrates the impactful materialisation of the target of the Action Plan on Green Maritime Fuel Bunkering promulgated by the HKSAR Government in November last year. We will develop Hong Kong into the preferred green maritime fuel bunkering and trading centre in the region. We have clearly set out in the Action Plan that we will establish a collaborative platform and provide facilitation measures for stakeholders engaged in green maritime fuel bunkering and related businesses, to help establish an efficient supply chain and trading channels. Today’s first-of-a-kind Event provides a high-quality and efficient networking platform for the supply and demand sides of green maritime fuels, to help Hong Kong and the Mainland to jointly build a green maritime fuel supply chain.”
     
         The signing of nine MOUs by various parties was witnessed by Ms Chan and representatives of relevant enterprises at the Hong Kong venue, and the Deputy Director-General of the Department of Foreign Trade of the Ministry of Commerce, Mr Chang Hui; Deputy Director-General of the Trade Development Bureau of the Ministry of Commerce Mr Zeng Huacheng; the Deputy Director-General of the Economic Affairs Department and Head of the Commercial Office of the LOCPG in the HKSAR, Mr Zhou Qiang; Deputy Director-General of the Department of Commerce of Guangdong Province Mr Sun Bin; member of the Legislative Council Mr Frankie Yick; the Commissioner for Maritime and Port Development, Miss Amy Chan, and representatives of various attending enterprises at the Shenzhen venue. Among them, the TLB signed MOUs with the China Chamber of Commerce of Metals, Minerals & Chemicals Importers & Exporters, a representative industry organisation; Chimbusco Pan Nation Petro-Chemical Co Ltd, a bunkering service provider; CIMC Enric Holdings Limited and the Hong Kong and China Gas Company Limited, green methanol producers, to collaborate on promoting the development of green maritime fuel-related businesses and establishing a market for the trade of green maritime fuels, etc, with a view to integrating the needs of Hong Kong with the capabilities of industry, and further promoting the development of Hong Kong into a green maritime fuel bunkering and trading centre, thereby achieving mutually beneficial co-operation. In addition, the Hong Kong and China Gas Company Limited and the Pacific Basin Shipping Limited signed an MOU at the Hong Kong venue on their preliminary intent for business collaboration on green maritime fuels, which is a solid step forward for the development of a green maritime fuel trading centre in Hong Kong.
     
         In addition, Miss Chan briefed representatives of the attending enterprises on the direction and latest progress of the development of green maritime fuel bunkering and trading in Hong Kong at the Shenzhen venue, including announcing that the Marine Department will gazette the Code of Practice for Methanol Bunkering within this month, and launch the Green Maritime Fuel Bunkering Incentive Scheme which will offer incentives of up to $1 million per enterprise to pioneer enterprises that provide and engage in green maritime fuel bunkering in Hong Kong, for bunkering operations for specific fuels in Hong Kong.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: SCED attends China Forum in Paris, France (with photos)

    Source: Hong Kong Government special administrative region

    SCED attends China Forum in Paris, France  
         Speaking at the forum, Mr Yau remarked that Asia is currently contributing 60 per cent to global growth, and that the Asian market, in particular the Mainland market, presents a unique opportunity for businesses looking to expand their horizons across the global trade landscape. As a “super connector” between foreign investors and the Mainland market, Hong Kong serves as a perfect springboard for French businesses to tap into the Mainland market.
     
         Mr Yau said that in 2024, Hong Kong’s total trade amounted to US$1,350 billion, and was the world’s fifth-largest trading entity. Every year Hong Kong channels a massive volume of trade between the Mainland and the rest of the world. Meanwhile, under the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA), the most liberal free trade agreement ever offered by the Mainland, Hong Kong enterprises and professionals can enjoy the most preferential access to the Mainland market. CEPA is also nationality neutral and does not impose any restrictions on the source of investments. He encouraged the French business sector to set up company in Hong Kong to enjoy the preferential treatment under CEPA to enter the Mainland market.
     
         Mr Yau added that Hong Kong has a simple and low tax system and there is no restriction on the flow of capital. In addition to the Mainland market, French businesses can also access the Southeast Asian market by using Hong Kong as a base for their regional operations in Asia. Hong Kong is also deepening its trade ties with the Middle East and the Association of Southeast Asian Nations countries, and is reaching out to Central Asia to explore new markets. 
     
         Mr Yau concluded that Hong Kong already has strong links with France, adding that the French community is one of the largest and most successful in Hong Kong. Among the European Union member states, France is the third largest in merchandise trade with Hong Kong and second largest in services trade. He believes that there is still significant trade potential between Hong Kong and France that would bring better synergy and mutual benefits.
     
         During his stay in Paris, Mr Yau also paid a courtesy call on Minister of the Chinese Embassy in France Mr Chen Dong to update him on Hong Kong’s latest economic and trade developments, and new initiatives such as the reduction of liquor duty to promote liquor trading.
     
         Mr Yau also visited the headquarters of Elior Group SA and its facilities to learn about the company’s operation and business development. He then hosted a dinner for representatives of the France Hong Kong Business Association to learn about the latest development directions of local enterprises and exchange views on enhancing co-operation between Hong Kong and France.
     
         Before proceeding to Paris, Mr Yau visited a wine cellar in Armagnac and met with representatives of the Armagnac trade on June 23 (France time) to promote the advantages of Hong Kong as a liquor trading hub.
     
         Mr Yau will depart for Hong Kong on June 25 (France time). 
    Issued at HKT 9:00

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    MIL OSI Asia Pacific News –

  • MIL-OSI China: China launches campaign to curb illegal dumping of solid waste

    Source: People’s Republic of China – State Council News

    BEIJING, June 25 — China has initiated a three-year special campaign targeting illegal dumping and disposal of solid waste, the Ministry of Ecology and Environment said Wednesday.

    The campaign will involve rigorous inspections and enforcement actions against illegal dumping and disposal of solid waste, Pei Xiaofei, spokesperson for the ministry, told a press conference.

    The campaign will focus on combating the illegal dumping and landfilling of hazardous waste, industrial solid waste, and construction debris. It will also target unlawful practices in the disposal of scrapped motor vehicles, waste electronic products, retired new energy equipment, and used power batteries.

    Pei said that cases involving the illegal discharge, dumping, or disposal of solid waste, which cause severe environmental pollution or result in economic losses to public property and should be prosecuted according to law for criminal liabilities, will be subject to expedited legal investigations and stringent actions.

    The spokesperson also encouraged public participation in the campaign, inviting people to report illegal dumping and disposal activities via official websites, phone calls, and email.

    MIL OSI China News –

  • MIL-OSI China: Infographic: Commemorating 80th anniversary of victory against Japanese aggression, fascism

    Source: People’s Republic of China – State Council News

    China on Tuesday unveiled plans for the 80th anniversary of the victory in the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War. A grand gathering and a military parade will be held on Sept. 3 in Beijing. Here are more highlights of the commemorative events.

    MIL OSI China News –

  • MIL-OSI Russia: Exhibition of works by Chinese and Russian artists opens in Changchun

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, June 25 (Xinhua) — The Jilin Provincial-Russia Association for Foreign Economic Cooperation held an exhibition of works by Chinese and Russian artists in Changchun, capital of northeast China’s Jilin Province. The event is aimed at deepening cultural exchanges between China and Russia and popularizing the rich heritage of Chinese traditional culture.

    According to a post on the association’s official WeChat account on June 24, the exhibition features 100 paintings by representatives of the Russian academic school of painting, authentic works by modern Chinese calligraphy and painting masters, as well as porcelain from the Ming and Qing dynasties.

    Chairman of the board of the association Guo Hongjia stressed that the organization consistently promotes trade, economic and cultural cooperation between the countries, playing a key role in establishing business contacts between enterprises. He also pledged further support for Chinese companies’ export and import operations with Russia to deepen bilateral cooperation.

    To gain a deeper understanding of the exhibits, expert sessions are organized, where art historians tell the story and reveal the artistic value of each work.

    The association plans to hold such events regularly, strengthening Chinese-Russian friendship through cultural dialogue and bringing new impetus to bilateral relations. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: Iranian President Declares ‘End of 12-Day War’

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    TEHRAN, June 25 (Xinhua) — Iranian President Masoud Pezeshkian on Tuesday declared “the end of the 12-day war” and called on all government bodies and revolutionary institutions to focus their efforts on reconstruction.

    “We are witnessing a ceasefire and the end of the 12-day war imposed on the Iranian nation by Israel’s adventurism,” M. Pezeshkian said in an address to the Iranian people after the ceasefire agreement came into force.

    “The aggressive enemy failed to achieve its sinister goals of destroying nuclear facilities and disrupting nuclear research, as well as inciting social unrest,” the head of state noted.

    During a telephone conversation with UAE President Sheikh Mohammed bin Zayed Al Nahyan on Tuesday, M. Pezeshkian said that his country is ready to resolve issues within the international framework and at the negotiating table.

    The United States and Israel are seeking to sow discord and hostility among Islamic countries, the Iranian president said. Iran seeks to strengthen unity and peace in the region and considers them the basis for accelerating development, he said.

    On June 13, Israel launched major airstrikes on various areas of Iran, including nuclear and military sites, killing senior commanders, nuclear scientists and civilians. Iran responded with a series of missile and drone strikes that caused deaths and extensive damage.

    On Saturday, the US Air Force attacked three Iranian nuclear sites: Fordow, Natanz and Isfahan, to which Iran responded on Monday with a missile strike on the US Al Udeid Air Base in Qatar.

    Following this, US President Donald Trump announced that a ceasefire between Israel and Iran would go into effect on Tuesday at around 04:00 GMT. Both sides later confirmed the start of the truce. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Exclusive: China-Central Asia Summit Demonstrates High Level and Quality of Current Regional Cooperation – Uzbek Expert

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Tashkent, June 25 /Xinhua/ — The meeting of the leaders of Uzbekistan and China, as well as the successful holding of the China-Central Asia summit, clearly demonstrated the high level and quality of current regional cooperation, Professor of the Nordic International University in Uzbekistan, Doctor of Economics Akram Khashimov said in an exclusive interview with Xinhua about relations between China and Central Asian countries.

    According to him, based on the statements of the heads of state, it can be concluded that the countries of Central Asia, including Uzbekistan, highly appreciate the responsibility and constructive position of China in promoting regional cooperation. As the expert emphasized, the meeting was not only an important milestone in the political dialogue, but also another confirmation of strategic trust between the parties.

    A. Khashimov noted that following the talks, the leaders of Uzbekistan and China reached a number of key agreements covering a wide range of areas – from economics and trade to transport, green energy, education and humanitarian exchanges. “For Uzbekistan, China is not only an important trade and economic partner, but also a key ally on the path to modernization of the country,” the expert emphasized, adding that the meeting gave additional confidence and outlined clear guidelines for further cooperation.

    At the regional level, according to the Uzbek analyst, the China-Central Asia summit clearly demonstrated to the world that cooperation between the countries of the region and China is based on the principles of equality, mutual trust and mutual benefit. The very creation of a mechanism of this format, according to the expert, testifies to the growing commitment of the Central Asian countries to the principles of sovereignty and strategic autonomy, as well as their readiness to jointly respond to challenges and share development opportunities on a fair basis.

    Particular attention was paid to the concept of a community with a common destiny put forward by China. A. Khashimov noted that this initiative is fully consistent with Uzbekistan’s foreign policy priorities: good neighborliness, pragmatic partnership and mutual benefit. In the context of an increasingly complex international situation, in his opinion, cooperation mechanisms between Uzbekistan, China and the Central Asian countries are becoming the most important source of peace, development and stability, representing a sustainable and future-oriented model of regional governance.

    The expert expressed confidence that in the future, the China-Central Asia summit mechanism will become a central platform for coordinating regional cooperation. Uzbekistan, he stressed, is ready to continue to act as an active participant, consistently implementing the agreements reached at the highest level, deepening practical cooperation and contributing to the formation of a closer community with a common future between China and Central Asia for the sake of sustainable peace and common prosperity. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: In January-May of this year, the volume of import and export cargo through the Khorgos checkpoint exceeded 18 million tons

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    URUMQI, June 25 (Xinhua) — The Horgos border crossing in northwest China’s Xinjiang Uygur Autonomous Region handled a total of 18.175 million tonnes of import and export cargo in the first five months of this year, up 3.7 percent year on year, according to Horgos Customs.

    The range of goods imported through the said checkpoint during the reporting period mainly consisted of electromechanical products, unprocessed copper and copper materials, agricultural products, food products, metal ore, concentrate, etc. At the same time, exports were mainly represented by new energy vehicles, electromechanical and high-tech products, clothing and other goods.

    According to Liu Xingwen, CEO of the local Yifan Export and Import Trading Company, his organization currently imports about 20 categories of goods, including safflower oil, honey, chocolate, dry camel milk, etc. These goods are imported to China from Kazakhstan, Uzbekistan, Kyrgyzstan, Poland and other countries.

    “From January to May 2025, our company’s import volume was more than 1,000 tons, with a total value of over 20 million yuan,” Liu Xingwen said.

    Let us recall that Khorgos is located near the border with Kazakhstan and is the country’s first-class land port with the longest history and the largest total volume of transportation in the western region of China. -0-

    MIL OSI Russia News –

  • MIL-OSI Africa: Standing Committee on Appropriations Engages Department of Transport on 2025 Appropriation Bill


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    The Standing Committee on Appropriations today raised several concerns regarding the Department of Transports’ (DOT’s) performance and infrastructure priorities during a briefing on the 2025 Appropriation Bill.

    The DOT has provided spending plans and briefed the committee on identified mega projects that are covered in the 2025 allocation for public infrastructure investments.

    The Chairperson of the Committee, Mr Mmusi Maimane, expressed alarm over the persistent reliance on acting officials in key leadership roles within the department. “It is deeply concerning that while we are expected to appropriate significant funds that are over a trillion rands, the department has not appointed permanent officials in vital positions. This practice undermines accountability and weakens governance,” said Mr Maimane. He said leadership issues in the department need urgent intervention in order to stabilise.

    Mr Maimane also raised concerns about the Moloto Road project, noting that the road has cost taxpayers approximately R15 billion, notwithstanding the historic spend on the road over the past ten years. “This is quite exorbitant for a 167-kilometre road and nearly three times the cost compared to another country such as China,” emphasised Mr Maimane.

    The committee welcomed progress made at the South African Airways (SAA) and urged the department to do more to restore the airline to its former competitive standing. However, members of the committee voiced concern over revelations that R1.5 billion owed to SAA remains trapped in foreign countries, told the committee that despite several agreements between South Africa and Zimbabwe, little progress has been made.

    The committee called for diplomatic intervention at the highest level to recover funds which will improve SAA’s liquidity. Furthermore, the committee welcomed the suspension of the Road Accident Fund (RAF) Chief Executive Officer and calls for urgent resolution and accountability. The committee also called on the RAF Board to act decisively to root out corrupt practices and to resolve the growing number of unsettled claims.

    “We are increasingly concerned with executive bonuses and golden handshakes in a department that oversees deteriorating road infrastructure. It is unacceptable that senior officials receive performance incentives when service delivery is clearly lagging,” added Mr Maimane.

    Committee members also raised concerns over the growing number of trucks on the roads and the associated increase in traffic accidents. It also urged the department to explore a shift from road to rail for goods transport, which would reduce congestion and road maintenance costs. In addition, the high costs of toll gates particularly in Mpumalanga were criticised as an undue burden on commuters.

    The committee also questioned inefficiencies and duplication in transport-related agencies. It noted with concern that entities like the Road Traffic Management Corporation invoice each other billions, which could be avoided if these entities were consolidated under the Department of Transport.

    Distributed by APO Group on behalf of Republic of South Africa: The Parliament.

    MIL OSI Africa –

  • MIL-OSI China: Chinese vice premier meets chairperson of supervisory board of Louis Dreyfus

    Source: People’s Republic of China – State Council News

    BEIJING, June 25 — Chinese Vice Premier He Lifeng met with Margarita Louis-Dreyfus, chairperson of the supervisory board of Louis Dreyfus Holding B.V., in Beijing on Wednesday.

    He, also a member of the Political Bureau of the Communist Party of China Central Committee, said that China is committed to comprehensively promoting high-quality development and is accelerating the construction and development of a unified national market.

    The people’s aspiration for a better life is constantly driving the development of the agriculture and food industry and releasing huge domestic demand potential, He said, adding that China is committed to creating a stable and open trade and business environment.

    “We welcome more foreign-funded enterprises, including Louis Dreyfus, to deepen practical cooperation with China and share development opportunities,” he said.

    Margarita Louis-Dreyfus said Louis Dreyfus would further explore the Chinese market, actively promote the country’s diversification of sources of agricultural product imports, and contribute to maintaining the stable global agricultural supply chain.

    MIL OSI China News –

  • MIL-OSI China: Official speaks on Chinese people’s sacrifice and role in World Anti-Fascist War

    Source: People’s Republic of China – State Council News

    From first resistance to final victory, the Chinese people relentlessly fought against Japanese aggression, making tremendous sacrifices and giving indelible contributions to the World Anti-Fascist War. As the longest-running campaign in the global war, the Chinese People’s War of Resistance Against Japanese Aggression profoundly shaped the course of global victory.

    MIL OSI China News –

  • China, Taiwan clash over history, Beijing says can’t ‘invade’ what is already Chinese territory

    Source: Government of India

    Source: Government of India (4)

    China and Taiwan clashed over their competing interpretations of history in an escalating war of words over what Beijing views as provocations from Taiwan’s government, and said it is impossible to “invade” what is already Chinese land.

    China views democratically governed Taiwan as its own territory and has stepped up military and political pressure over the past five years. China has an especial dislike of Taiwan’s President Lai Ching-te, calling him a “separatist”.

    Lai has since Sunday given two speeches in what will be a series of 10 on “uniting the country”, saying that Taiwan is “of course a country” and China has no legal or historical right to claim it.

    Speaking on Wednesday at a regular news briefing in Beijing, Taiwan Affairs Office spokesperson Zhu Fenglian said any “independence provocations” from Lai and his administration will face “resolute countermeasures”.

    “Though the two sides of the Taiwan Strait have not yet been fully reunified, the historical and legal fact that compatriots on both sides belong to one China and that both sides’ compatriots are Chinese has never changed,” she said.

    Tensions between China and Taiwan, including several rounds of Chinese war games, have raised the possibility Beijing may one day make good on threats to take Taiwan by force which could ignite a regional war.

    China’s last war games were in April, and its air force and navy operate around Taiwan on a daily basis, sometimes using dozens of warplanes, according to the island’s defence ministry.

    Asked about U.S. comments on Chinese drills strengthening preparations for an attack, Zhu corrected the reporter.

    “Taiwan is a part of China; there is no invasion to speak of,” she said.

    Lai takes a different view on Taiwan’s status and future.

    In a speech late on Tuesday, he said Taiwan’s future can only be decided by its people, democratically, not by a decision by any party or president, and that “Taiwan independence” refers to the island not being a part of the People’s Republic of China.

    The defeated Republic of China, founded after the 1911 revolution that brought down the last emperor, fled to Taiwan in 1949 after losing a civil war to Mao Zedong’s communists, and that remains the island’s formal name.

    “How old is the Republic of China? It’s 113 years old, and will be 114 years old this year. The People’s Republic of China? It’s only some 70 years old, right? It’s simple and clear,” Lai said.

    This year’s 80th anniversary of the end of World War Two is another sensitive topic, and China has invited old soldiers who fought for the Republic of China to a military parade in Beijing in early September.

    Taiwan does not want them to attend, and on Wednesday its defence minister, Wellington Koo, said Beijing was trying to distort history.

    “The war of resistance was led and won by the Republic of China, not the People’s Republic of China – this is without a doubt,” he told reporters at parliament.

    (Reuters)

  • MIL-OSI Russia: Chinese authorities have allocated 100 million yuan to support flood-hit Guizhou province.

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, June 25 (Xinhua) — China’s National Development and Reform Commission (NDRC) on Wednesday announced it would provide 100 million yuan (about 13.95 million U.S. dollars) in disaster relief assistance in southwest China’s Guizhou Province.

    China’s National Disaster Prevention and Relief Commission issued a Level 4 emergency response on Tuesday in response to severe flooding in Guizhou Province.

    The funds will be used to restore critical infrastructure and public services in the province, such as roads, flood control systems, health facilities and educational institutions, the SCRR said in a statement.

    In addition, an additional 100 million yuan was allocated to the provinces of Guangdong (South China) and Hunan (Central China) to quickly restore normal production and living conditions, the department added.

    Let us recall that China has adopted a four-tier emergency response system for flood-related emergencies, with level 1 being the highest. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: The 2nd International Junior Football Tournament “Kashi Cup” Kicks Off in Xinjiang

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    URUMQI, June 25 (Xinhua) — The 2nd Kashi Cup International Junior Away Football Tournament kicked off in Yupurga County, Kashi Prefecture, northwest China’s Xinjiang Uygur Autonomous Region, on Tuesday, bringing together young football players from seven countries, including China, Russia and Kazakhstan.

    Compared with last year’s competition, the level of internationalization and professionalism of this year’s tournament has increased. The competition involves 6 teams from Russia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, two teams from the host county of Kashi, as well as 4 teams from Beijing, Shanghai, Shandong and Guangdong provinces.

    To ensure the impartiality of the competition results, the organizing committee of the football tournament invited 28 professional referees from the China Football Association (CFA) and the Xinjiang Football Association, as well as two professional judges from Uzbekistan and Tajikistan.

    As a key area of the Belt and Road, Xinjiang has made unremitting efforts to promote regional cooperation through sports exchanges, said Ye Hai, deputy director of the Xinjiang Regional Sports Department. Hosting the Kashi Cup not only demonstrates the rapid development of football among teenagers and young people, but also the deep friendship between China and Central Asian countries in sports. -0-

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: President Lai leads industrial listening tours to New Taipei Industrial Park, embodying the spirit of Taiwan to achieve a new economic miracle.

    Source: Republic of China Taiwan

    President Lai Ching-Te led a delegation, including Presidential Secretary-General Pan Men-An, Presidential Office Spokesperson Kuo Ya-Hui, Executive Yuan Secretary-General Kung Ming-Hsin, Minister of Economic Affairs Ku Jyh-Huei, and the administrative team, on an “Industrial Listening Tour” at New Taipei Industrial Park on May 2. The delegation engaged in in-depth exchanges with important representatives from the region’s electronics, textile, medical equipment, HVAC, and defense industries.
    On April 3, U.S. President Donald Trump announced that he would impose a 32% reciprocal tariff on Taiwan. President Lai immediately convened industry representatives to his official residence on April 5 to listen to their concerns and officially announced the government’s response measures to the public on the afternoon of April 6, which specifically demonstrated the government’s determination to overcome difficulties with the industry. In the face of US tariff policy, the government has launched the first round of negotiations and continues to negotiate based on the three principles of ensuring national interests, maintaining Taiwan’s industrial development space, and protecting Taiwan’s industrial ecosystem.
    To respond to industry concerns, President Lai and Premier Cho have conducted nearly 20 listening tours. The Executive Yuan has approved a special bill allocating NT$410 billion, including NT$93 billion to support impacted industries and NT$100 billion to subsidize Taiwan Power Company for stable electricity supply, easing operational burdens on business.
    At the forum, New Taipei Mayor Hou Yu-Ih and Legislators Su Chiao-Hui, Wu Ping-Jui, Lin Shu-Fen, Lee Kuen-Cheng and Hung Mong-Kai attended to show their support for local industries. Industry representatives raised concerns such as ensuring a stable electricity supply, promoting the integration of SMEs into the semiconductor supply chain, shortening medical device review processes, and implementing ESCO energy-saving technologies for net-zero transformation. President Lai responded that deep energy-saving through ESCOs not only improves energy efficiency but also qualifies for tax credits of equipment investment. Minister Kuo noted that the ministry has budgeted for deep energy-saving projects that offer financial incentives based on actual savings, potentially reducing business power costs by 8-12%. Secretary-General Kung added that the government’s A+ Program encourages innovative R&D and allows companies to hire full-time professionals to support their projects.
    President Lai pointed out that according to the International Monetary Fund (IMF) forecast, amid the turbulent international economic situation, the economic growth rate of most countries has declined, but Taiwan has increased its forecast from 2.7% to 2.9%, demonstrating the international community’s high recognition of Taiwan’s economic prospects and the high resilience of Taiwan’s industries. He highlighted that Taiwan has consistently grown stronger through adversity –this is the spirit of Taiwan and the hallmark of its industries.
    In conclusion, the President reaffirmed that the government will adhere to the principle of “Speed and order in balance” to advance negotiations in the face of Trump’s tariff policy. It should not only focus on speed but also ensure the overall interests of the country and promote the three major industrial strategies for the future development of Taiwan’s industries, including:
    1. Foresight and sustainability through smart innovation;
    2. Competing in space and exploring the oceans;
    3. Rooted in Taiwan, expanding globally, strengthening ties with the U.S., and promoting Taiwan to the world.
    The government is committed to driving industrial AI adoption, advancing marine industry development, transitioning to diverse green energy sources reinforcing power system resilience, and pursuing regional economic integration through bilateral investment agreements with democratic partners. With the enduring spirit of Taiwan, we are fully capable of building a resilient economy and achieving a new economic miracle together.

    Spokesman: Mr. Liu Chi-Chuan (Deputy Director General, BIP)
    Contact Number: 886-7-3613349, 0911363680
    Email: lcc12@bip.gov.tw

    Contact Person: Liang, You-Wen (Director of Taipei Branch, BIP)
    Contact Number: 886-2-2655-8527, 0963163008
    Email: yuwen818@bip.gov.tw

    MIL OSI Asia Pacific News –