NewzIntel.com

Category: China

  • MIL-OSI Russia: US to Cut Defense Budget for Ukraine Next Year — Pentagon

    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

    HOUSTON, June 11 (Xinhua) — The U.S. administration will cut the defense budget for Ukraine next year, U.S. Defense Secretary Pete Hegseth said at a hearing in the House of Representatives on Tuesday.

    “We’re talking about cutting that [upcoming defense] budget,” the Pentagon chief told lawmakers. “This administration has a very different view of this conflict.”

    “We believe that a peaceful, negotiated settlement is in the interests of both sides and our country, especially given all the competing interests around the world,” he said.

    According to American media, Washington has provided Kyiv with more than $66 billion in aid since the start of the conflict between Russia and Ukraine in February 2022.

    MIL OSI Russia News –

  • MIL-OSI China: Announcement on Open Market Operations No.109 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.109 [2025]

    (Open Market Operations Office, June 11, 2025)

    The People’s Bank of China conducted reverse repo operations in the amount of RMB164 billion through quantity bidding at a fixed interest rate on June 11, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Rate

    Bidding Volume

    Winning Bid Volume

    7 days

    1.40%

    RMB164 billion

    RMB164 billion

    Date of last update Nov. 29 2018

    2025年06月11日

    MIL OSI China News –

  • MIL-OSI China: China’s auto market maintains strong growth in January-May

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

    China’s auto production and sales logged double-digit increases in the first five months of the year, a sign of vibrant consumption in the world’s second-largest economy.

    The country’s auto output totaled 12.83 million units during the period, up 12.7 percent from a year ago, while auto sales rose 10.9 percent to 12.75 million units, the China Association of Automobile Manufacturers said Wednesday.

    In particular, new energy vehicles (NEVs) production surged 45.2 percent year on year to nearly 5.7 million units in the first five months, with sales up by 44 percent year on year to 5.61 million units.

    MIL OSI China News –

  • MIL-OSI China: 2025 Beijing Youth Curling Competition concludes at National Aquatics Center

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

    Athletes compete during the 2025 Beijing Youth Curling Competition held at the National Aquatics Center, Beijing. [Photo provided to China.org.cn]

    The 2025 Beijing Youth Curling Competition drew to a successful conclusion this weekend at the National Aquatics Center, following the preliminary round on June 1-2. The event serves as a qualifier for this year’s citywide youth curling championship.

    With 150 athletes representing 13 district teams across Beijing, the event stood out as the largest curling competition hosted at the venue’s underground ice sports arena so far this year.

    As well as offering a stage for young athletes to showcase their skills and connect with one another, the event also played a key role in promoting curling among youngsters and fostering the next generation of talent.

    Athletes compete during the 2025 Beijing Youth Curling Competition held at the National Aquatics Center, Beijing. [Photo provided to China.org.cn]

    Backed by professional facilities and quality services, the venue’s underground Ice Sports Center ensured smooth event execution. Since the Beijing 2022 Winter Games, the venue has hosted 19 curling events at different levels, leveraging its dual-Olympic legacy to foster the growth of the sport.

    Moving forward, the venue will continue to offer comprehensive, one-stop services for curling, develop well-structured and systemic training programs, and support the growth of professional curling competitions and talent development.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: SFST’s speech at Hong Kong Association Membership Luncheon in London, United Kingdom (English only) (with photos)

    Source: Hong Kong Government special administrative region

    SFST’s speech at Hong Kong Association Membership Luncheon in London, United Kingdom (English only)  
    Lord Mayor (696th Lord Mayor of the City of London, Mr Alderman Alastair King), Sir Douglas (Committee Member of the Hong Kong Association, Chairman of Aberdeen Group, Sir Douglas Flint), distinguished guests, esteemed members of the Hong Kong Association, ladies and gentlemen,
     
         Good afternoon. It is a profound privilege to address you today at this distinguished luncheon hosted by the Hong Kong Association in London. I must say, you are a crowd too difficult to please because you know Hong Kong too well. This organisation’s mission is to champion the enduring business and trading relationship between Hong Kong and the UK which resonates deeply with the Government’s goal of fostering economic collaboration, innovation, and mutual prosperity. To further the efforts, I am here to showcase our city’s unparalleled strengths as a global financial hub and to explore the vast potential for deepening financial co-operation between Hong Kong and the UK. Our shared visions and complementary expertise position us well to forge a partnership that drives transformative growth in an increasingly challenging and also uncertain global economy.
     
         If you may recall, for those people who came two years ago for a similar occasion where I spoke, I tried to group my speech in five alphabet letters, ABCDE. A is about Asia, B is about business as usual, C is about connectivity, D is about digitalisation whereas E is about ESG (environmental, social and governance). These are the five elements at the time I drafted the speech that something Hong Kong could offer to this part of the world. So I am thinking, to this group which is very knowledgeable about Hong Kong, what should I say and how I should structure this speech? Of course I don’t want to get to the next alphabet letter after E, that is why I would stay at E and come with 3Es which are actually the pillars that define Hong Kong’s strategic vision as a premier international financial centre: 1) Extending our financial value chain across equities, fixed income, currencies, and commodities. For those in the banking or financial world, you know what I mean. It’s about EFICC; 2) Embracing new finance through fintech and green finance; and 3) Enhancing offerings for Chinese companies going global through Hong Kong and international firms accessing the Mainland market. These pillars reflect our dynamic approach to navigating global economic and geopolitical challenges, seizing emerging opportunities, and fostering collaboration with partners like the UK. Let me elaborate on each pillar, highlighting our recent achievements and the opportunities they present for strengthening Hong Kong-UK ties.
     
    Extending our financial value chain
     
         Hong Kong’s position as a global financial hub is built on its ability to offer a diversified, resilient, and innovative financial ecosystem. By extending our financial value chain across equities, fixed income, currencies, and commodities which can be grouped as EFICC, we are creating a robust platform that serves both regional and international markets, fostering opportunities for collaboration with global partners, including the UK.
     
    Equities: a vibrant and forward-looking market
     
         Hong Kong’s equity market has undergone a remarkable transformation over the past decade, driven by bold structural reforms and a commitment to capturing global economic trends. The Hang Seng Index, which is a key barometer of our market’s performance, has demonstrated resilience amid global uncertainties. By May 30, our stock market capitalisation has increased by 24 per cent year on year to over US$5.2 trillion. This growth was propelled, I must say, by a number of key moments this year, including of course the DeepSeek moment when people really recalibrate the value that Chinese investment carry and at the same time also the “victory day” moment when people are seeing the uncertainty in other parts of the world which actually present opportunities to Hong Kong and London. The average daily turnover for the first five months of this year stood at US$31 billion in our market, an increase of 1.2 times over the past year, signaling sustained investor confidence and market liquidity.
     
         Apart from the market performance, we are also trying to reform our capital market to make it more instrumental in positioning Hong Kong as a global hub for new economy and technology companies. Back in 2018, we already introduced the “weighted voting rights” regime, enabling companies with dual-class share structures to list in Hong Kong. As I know, London Stock Exchange is also contemplating something similar to reform your stock market. This reform in Hong Kong attracted technology giants and paved the way for a new era of innovation-driven listings. Simultaneously, we opened our market to pre-revenue biotech firms, transforming Hong Kong into one of the world’s leading fundraising hubs for biotechnology. As a result, the proportion of new economy companies in our stock market has surged from 1.3 per cent in 2018 to approximately 14 per cent by April 2025, with their market capitalisation share rising from 2.8 per cent to about 28 per cent.
     
         Building on this momentum, we introduced the “18C” listing regime in 2023 for specialist technology companies, followed by a dedicated technology enterprises channel launched last month. These initiatives are designed to accelerate the listing of enterprises in the “hard technology” space, enabling them to raise capital in Hong Kong and expand their international presence. These reforms have not only reshaped the structure of our stock market but also aligned it with global economic trends, positioning Hong Kong as a vital partner for UK firms seeking exposure to Asia’s innovation-driven growth.
     
         Moreover, Hong Kong’s capital markets have benefited from the return of Chinese concept stocks, driven by geopolitical developments and Mainland China’s technological advancements. This trend has elevated the weight of technology stocks in our market, further enhancing its attractiveness to global investors. For example, before I came, we welcomed the listing of CATL (Contemporary Amperex Technology Co Limited) which is a major lithium-ion battery manufacturing company serving the world for electric vehicles. For UK financial institutions, Hong Kong offers a gateway to invest in Asia’s burgeoning tech sector, leveraging our deep liquidity and robust regulatory framework.
     
    Connectivity and stability
     
         Apart from fundraising, it’s about our strengthened role as a gateway for international investors accessing Mainland China and for Mainland investors diversifying globally. Our “Connect” schemes – Stock Connect, Bond Connect, Wealth Management Connect, and Swap Connect – have facilitated seamless cross-border capital flows. These initiatives have seen significant growth in transaction volumes, product diversity, and risk management capabilities, enhancing both the “quantity” and “quality” of financial connectivity, covering the broad financial value chain across equities, fixed income and currencies.
     
         Stability is also a cornerstone of our financial system, as demonstrated by the performance of the Hong Kong dollar recently. In the first five months of 2025, the Hong Kong dollar largely traded within the strong-side convertibility undertaking range, signifying a robust demand, partly because a lot of money coming to Hong Kong to buy our IPOs (initial public offerings) which are in Hong Kong dollars, and at the same time it is now the season when the listed companies need Hong Kong dollars to give out dividends. So with this background, what we see is operations by our banking regulator where now the banking system aggregate balances rising to US$22 billion by May 30, 2025, a substantial increase from US$5.7 billion at the end of last year. Total bank deposits grew by over 4 per cent in the first four months of 2025, with Hong Kong dollar deposits rising by 4.4 per cent, reflecting strong capital inflows into our banking system. So you have been hearing a lot about capital flight from Hong Kong to others, all these numbers are testaments to how wrong those perceptions are. This stability underscores our role as a trusted financial hub, like that of London, offering a secure environment for UK investors and businesses.
     
         Amid global economic uncertainties, including trade protectionism and unilateral policies, RMB (Renminbi) is gaining prominence as a global transaction and reserve currency. Its share in global payments rose from 2 per cent in 2020 to 4 per cent by the end of 2024, ranking fourth globally, while its share in trade financing increased from 2 per cent to 6 per cent. As the world’s leading offshore RMB hub, Hong Kong is seizing this opportunity by enhancing RMB-denominated investment products and risk management tools. Our plan to integrate RMB-denominated stock trading into Southbound Stock Connect will further support RMB internationalisation in a gradual and prudent manner, creating opportunities for UK financial institutions to engage with RMB-based products and services.
     
    Commodities: pioneering a new ecosystem with LME integration
     
         In the commodities sector, Hong Kong is capitalising on the global surge in non-ferrous metals trading, driven by the transition to new energy technologies. In 2024, the London Metal Exchange (LME) recorded trading volumes of 178 million lots, a 20 per cent year-on-year increase, with significant growth in new-energy metals like nickel and cobalt. These metals are critical to industrial transformation and technological advancement, and China remains a pivotal force, with non-ferrous metals trade exceeding US$368 billion in 2024, up 11 per cent from the previous year.
     
         Recognising this potential, our Chief Executive outlined a vision in his Policy Address to create a commodity trading ecosystem in Hong Kong, encompassing warehousing, distribution, trading, testing, certification, insurance, and financial services. A landmark achievement in this regard is our integration into the LME’s global warehouse network in January this year. By bringing storage facilities closer to Mainland China’s industrial heartlands and consumption centres, we are strengthening our role as a central platform for the metals industry. Within months since January this year when we are recognised as a delivery port for the LME contracts, seven warehouses have already been approved, and their operations will commence as early as in July 2025.
     
         This initiative not only enhances Hong Kong’s commodities infrastructure but also creates significant opportunities for UK firms, given the LME’s London-based heritage. The UK’s expertise in commodities trading and Hong Kong’s proximity to Asia’s industrial markets make our partnership a natural fit. By collaborating on warehousing, trading, and related services, we can jointly tap into the growing demand for new-energy metals, supporting global industrial transformation and sustainable development.
     
         By extending our financial value chain across equities, fixed income, currencies, and commodities, Hong Kong is reinforcing its position as a diversified financial hub. We invite UK businesses to leverage our platform to access Asia’s dynamic markets, fostering mutual growth and collaboration in these critical sectors.
     
    Embracing new finance: fintech and green finance
     
         The second pillar of our strategy is embracing new finance, particularly in fintech and green finance, to position Hong Kong at the forefront of financial innovation and sustainability. These areas align closely with the UK’s developments in digital finance and sustainable investments, creating fertile ground for partnership.
     
    Fintech: pioneering digital assets and stablecoin regulation
     
         Hong Kong’s robust regulatory framework, business-friendly environment, and strategic location make it an ideal hub for fintech innovation. My bureau, FSTB (Financial Services and the Treasury Bureau), in collaboration with financial regulators and industry stakeholders, is pursuing a multipronged strategy to foster a vibrant fintech ecosystem. This includes enhancing financial infrastructures, nurturing talent, strengthening industry connections in Mainland China and overseas, and creating a conducive environment for fintech innovation.
     
         This is my second day here in London and I am hearing a lot about digital assets (DAs). Just days before I embarked on this trip, our Legislative Council has passed the Stablecoins legislation in Hong Kong and it will be enacted on August 1. After that, we will issue a second policy statement about promoting Hong Kong as the digital asset ecosystem.
     
         Looking ahead, we will continue to be a leader in adopting emerging technologies. A 2023 survey revealed that 38 per cent of Hong Kong’s financial institutions adopted generative AI, surpassing the global average of 26 per cent. In October last year, we issued a policy statement on the responsible use of AI in finance, followed by practical guidelines, sandbox schemes, and industry seminars to support institutions in adopting AI responsibly. These initiatives position Hong Kong as a hub for fintech innovation, complementing the UK’s advancements in areas like blockchain and AI-driven financial services.
     
    Green finance: driving sustainable development
     
         Moving on to green finance, Hong Kong is committed to mobilising cross-border investments to address climate and sustainability challenges, aligning with global efforts to achieve net zero. Last year, Hong Kong arranged US$43 billion in green and sustainable bonds, capturing 45 per cent of the Asian market and ranking first in the region for seven consecutive years. By March this year, our security regulator authorised around 220 ESG funds, managing US$140 billion in assets, an 80 per cent increase over three years.
     
         Last week we have just issued a new round of Government green bonds and infrastructure bonds, totally around US$3.5 billion, denominated in four currencies, namely HKD (Hong Kong dollars), RMB, USD (US dollars) and EUR (euro). The offering attracted participation from a wide spectrum of investors from more than 30 markets across Asia, Europe, Middle East, and the Americas, with total orders amounting around US$30 billion equivalent, representing an over-subscription of almost nine times. The proceeds from green bond issuance will fund local Government green works projects, and set benchmarks for the market encouraging private-sector participation.
     
         To align with global standards, we launched the Roadmap on Sustainability Disclosure in December last year, providing a clear path for large publicly accountable entities to adopt the International Financial Reporting Standards – Sustainability Disclosure Standards (ISSB Standards) by 2028. This positions Hong Kong among the first jurisdictions to align with global sustainability reporting standards, enhancing transparency and comparability. The roadmap not only reflects our commitment to the global green transition but also offers clarity and guidance to market participants.
     
         On the funding support side, the Green and Sustainable Finance Grant Scheme, which was extended to 2027, subsidises issuance costs for bonds and loans, including transition financing, encouraging industries across the Greater Bay Area and Belt and Road economies to leverage Hong Kong’s platform for low-carbon transitions. So for many of you who are working for business financial institutions or companies, do take this message home that we are subsidising for people who are issuing green bonds and loans in Hong Kong.
     
         These efforts create significant opportunities for UK firms to collaborate with Hong Kong on green finance initiatives, from ESG funds to green technology solutions, leveraging our shared commitment to sustainability and innovation. The UK’s commitment in green finance, combined with Hong Kong’s strategic position in Asia, can drive impactful partnerships in sustainable investment and technology.
     
    Enhancing offerings for global and Mainland businesses
     
         The third pillar, enhancing offerings, underscores Hong Kong’s role as a bridge for Chinese companies going global and international firms accessing Mainland China, supported by policies that facilitate cross-border mobility and business expansion.
     
    Supporting Chinese companies going global
     
         As Mainland China accelerates its economic opening, Chinese firms are intensifying their global expansion, optimising supply chains and market presence to address geopolitical risks and tap into international markets. Hong Kong is uniquely positioned to support this “going out” strategy, offering financing, supply chain management, and professional services under the “one country, two systems” framework.
     
         Hong Kong’s efforts to strengthen ties with emerging markets further enhance our appeal. In October last year, we facilitated the listing of two Hong Kong-focused exchange-traded funds on the Saudi Exchange, attracting Middle Eastern capital to our markets. The two Saudi-listed ETFs have a combined size of over US$1.9 billion. They are the two largest ETFs listed and are amongst the top traded ETFs on Saudi Stock Exchange. This initiative demonstrates our commitment to connecting traditional and emerging markets, offering UK firms a platform to diversify their investments across Asia and beyond.
     
         Hong Kong’s professional services, for example the Accounting sector, are well-positioned and experienced to meet the needs of Mainland firms going global. The Hong Kong Institute of Certified Public Accountants has earlier compiled a list of firms specialising in supporting global expansion of Chinese companies, and has recently expanded the list from 60 to over 80 firms, connecting Mainland enterprises with international markets for business expansion. Moreover, Hong Kong’s network of 52 Comprehensive Double Taxation Agreements with other tax jurisdictions, with plans for further expansion, provides tax clarity for businesses, enhancing Hong Kong’s appeal as a commercial and investment hub.
     
         UK firms can partner with Hong Kong to support Chinese companies’ international ventures, leveraging our expertise in financing, legal services, and market access. For example, UK financial institutions can collaborate with Hong Kong-based firms to provide advisory services, underwriting, and risk management solutions for Chinese enterprises expanding into Europe and beyond.
     
    Facilitating international access to the Mainland
     
         Hong Kong is equally committed to helping international talents, including those from the UK, access Mainland China’s vast market. A facilitating policy introduced in July last year allows non-Chinese Hong Kong permanent residents to obtain a card???type document with five-year validity. This card enables self-service clearance at Mainland control points without going through manual channels, eliminating the need for arrival cards and significantly enhancing clearance efficiency. This measure, implemented under the “one country, two systems” framework, facilitates business, travel, and family visits, reinforcing Hong Kong’s role as a gateway to the Mainland.
     
         Hong Kong’s professional services, with deep knowledge of Mainland business culture and international expertise, provide comprehensive support for UK firms navigating China’s market. From legal and accounting services to supply chain management, Hong Kong offers a trusted platform for UK companies to establish and grow their presence in Asia.
     
    Hong Kong-UK financial co-operation
     
         The complementary strengths between the two markets of Hong Kong and UK create a strong foundation for collaboration. The integration of Hong Kong into the LME’s warehouse network opens new avenues for UK firms to engage with Asia’s commodities markets, particularly in new-energy metals critical to the global energy transition. Our leadership in green finance aligns with the UK’s expertise in sustainable investments, creating opportunities for joint ventures in ESG funds, carbon trading, and green fintech. In fintech, Hong Kong’s progressive DA regulations complement the UK’s advancements in digital finance, paving the way for collaborative innovation in areas like blockchain, AI, and stablecoins.
     
         By leveraging Hong Kong’s strengths in extending our financial value chain, embracing new finance, and enhancing global and Mainland connectivity, we invite UK businesses to partner with us in tapping Asia’s growth opportunities. Our shared commitment to innovation, sustainability, and global connectivity positions us to build a future of mutual prosperity.
     
    Conclusion
     
         Ladies and gentlemen, Hong Kong stands at the forefront of global finance, driven by our commitment to the 3Es: Extending our financial value chain across equities, fixed income, currencies, and commodities; Embracing fintech and green finance; and Enhancing opportunities for Chinese and international businesses. Our unique position under “one country, two systems,” robust regulatory framework, and vibrant markets make Hong Kong the ideal partner for the UK in navigating Asia’s dynamic markets.
     
         I express my heartfelt gratitude to the Hong Kong Association for hosting this luncheon and for your unwavering commitment to strengthening Hong Kong-UK ties. Let us seize this opportunity to deepen our financial partnership, fostering innovation, sustainability, and prosperity for our shared future. Together, we can shape a world of opportunity, leveraging Hong Kong’s strengths and the UK’s global leadership to drive transformative growth.
     
         Thank you.
    Issued at HKT 16:31

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: SFST’s speech at business reception for signing of Memorandum of Understanding between TheCityUK and Financial Services Development Council in London, United Kingdom (English only) (with photos)

    Source: Hong Kong Government special administrative region

    SFST’s speech at business reception for signing of Memorandum of Understanding between TheCityUK and Financial Services Development Council in London, United Kingdom (English only)  
    Alderman Sir Charles (690th Lord Mayor of the City of London, Co-Chair of the UK-China Green Finance Taskforce, Mr Alderman Sir Charles Bowman), Bruce (Leadership Council Chair of TheCityUK, Mr Bruce Carnegie-Brown), John (Managing Director of TheCityUK, Mr John Godfrey), King (Executive Director of the FSDC, Dr King Au), ladies and gentlemen, distinguished guests,
     
         It is an honour to stand before you in London to celebrate the signing of this Memorandum of Understanding between TheCityUK and Hong Kong’s Financial Services Development Council. I am very delighted to witness this milestone in strengthening financial co-operation between our two leading financial centres.
     
         This MOU is a commitment to deepen collaboration, foster innovation, and drive sustainable economic growth. It reflects a shared vision to harness the strengths of Hong Kong and the UK, creating opportunities that benefit our jurisdictions and the global financial ecosystem.
     
         Hong Kong is a premier international financial centre, strategically located at the heart of Asia, serving as a gateway between Mainland China and global markets. Our robust legal framework, adherence to international standards, and business-friendly environment underpin our success. The financial services sector is a cornerstone of our economy, driving growth through our world-class stock exchange, leadership in green finance, fintech, and asset management. Hong Kong’s contributions to sustainable investment and digital innovation continue to set global benchmarks.
     
         The United Kingdom, with London as its financial hub, is a global leader in financial and professional services. TheCityUK represents an industry that contributes 12 per cent to the UK’s economic output and employs nearly 2.5 million people. Its role in supporting net zero transitions, economic growth, and essential services is remarkable. The UK’s expertise in financial innovation and regulation makes it an ideal partner for Hong Kong.
     
         This MOU outlines a forward-looking framework for co-operation in key areas: transition finance, digital assets, technological advancements, and workforce development. A few highlights this partnership are worth noting.
     
         First, the focus on transition finance is critical as the world moves toward net zero. Hong Kong is a leader in green bonds issuance and sustainable finance, with initiatives like government green bonds issuance setting a global benchmark. TheCityUK and the FSDC will share best practices to advance transition finance across the Asia-Pacific and beyond, ensuring our financial systems support a low-carbon future.
     
         Second, the emphasis on digital assets aligns with the rapid evolution of our industry. Hong Kong is advancing fintech through initiatives like our Central Bank Digital Currency pilot and digital asset regulations. The UK’s leadership in distributed ledger technology and tokenisation complements these efforts. Through this MOU, both parties will exchange insights on regulatory practices, promote interoperability, and build capacity for responsible integration of digital assets.
     
         Third, workforce development is central to our success. Technological advancements are reshaping financial services, and both Hong Kong and the UK are committed to equipping our professionals with the skills needed to thrive. Collaborative efforts will ensure our workforces are prepared for an era of innovation.
     
         The MOU also facilitates practical co-operation through market visits, stakeholder introductions, and co-hosted events. These initiatives will strengthen the ties between our financial communities and drive meaningful outcomes.
     
         The economic ties between Hong Kong and the UK provide a strong foundation for this partnership. Our shared commitment to open markets, innovation, and excellence has long underpinned our collaboration. This MOU builds on that legacy, creating new avenues for partnership at a time when global challenges like climate change and technological disruption demand collective action. Together, we can unlock opportunities for growth and prosperity.
     
         I extend my heartfelt congratulations to TheCityUK and the FSDC for their vision and leadership. My gratitude goes to all who have worked to bring this MOU to fruition. Your efforts have laid the groundwork for a stronger financial relationship between our jurisdictions.
     
         Let us seize this opportunity to deepen our collaboration, leverage our strengths, and promote Hong Kong and the UK as leading global financial centres. Together, we can shape a future defined by innovation, sustainability, and opportunity.
     
    Thank you, and I wish this partnership every success.
    Issued at HKT 16:33

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    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: Polytechnic presented its initiatives to the rectors of BRICS countries at forums in Brazil

    Translation. Region: Russian Federal

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    Rio de Janeiro hosted large-scale events — the second forum of university rectors from Russia, Brazil and Belarus, as well as the second forum of university rectors from the BRICS countries. The events were organized by the Federal University of Rio de Janeiro with the support of national rectors’ communities, including the Russian Union of Rectors. They became a powerful platform for strengthening academic ties and promoting joint initiatives. The forums were attended by more than 50 representatives of universities from Russia and Belarus, delegations from Iran, India, China, South Africa, Ethiopia, Indonesia and more than 60 universities from Brazil.

    At the section on educational cooperation, Deputy Minister of Science and Higher Education of the Russian Federation Konstantin Mogilevsky emphasized the unique role of BRICS in the modern world: In the conditions of international turbulence, it is education and science that are becoming the most important tools for finding joint answers to global challenges. The BRICS association is one of the few international platforms where interaction is built on the principles of mutual respect and equality, where there are no main ones, where everyone is equal and is committed to working together for the sake of a common future. We see that this approach is of interest and response to many countries. The creation of a ranking of BRICS universities is especially relevant in the conditions of political commitment of the headquarters of international rating agencies. The new system for assessing the quality of education is in great demand.

    The Deputy Minister spoke in detail about the dynamic expansion of the association (the accession of new members: Egypt, Iran, the UAE, Saudi Arabia, Ethiopia, Indonesia) and the priorities of the educational agenda. This is the development of the BRICS Network University, recognition of qualifications, support for talented youth and the creation of its own BRICS university ranking.

    The key sections and plenary session were held at the Museum of Tomorrow. SPbPU was represented by a delegation consisting of Vladimir Shchepinin, Director of the Institute of Industrial Management, Economics and Trade; Ekaterina Belyaevskaya, Head of the Department of International Interuniversity Cooperation; and Nikita Lukashevich and Olga Ergunova, associate professors at the Graduate School of Management and Management. Vladimir Shchepinin spoke at one of the sessions, presenting the Polytechnic University as a key player in the scientific and educational space of Russia in the field of technological development. He drew the attention of the rectors’ community to the potential of SPbPU in solving the problems of sustainable development of the BRICS countries.

    At the thematic session “Artificial Intelligence and Education in the BRICS Countries”, Olga Ergunova presented a report “AI Optimization of Human Resource Management in Smart Cities”, based on the results of a large-scale scientific project supported by the Russian Science Foundation (grant No. 25-28-01469). She described in detail the neural network model developed under the auspices of the RSF for forecasting and managing labor markets in the BRICS megacities (Shanghai, Bangalore, Moscow, Sao Paulo).

    Olga Ergunova drew the attention of those gathered to a successful example of comprehensive cooperation between the BRICS countries — the international competition for young researchers “SMART CITY 2030: Sustainable Development Management of BRICS Cities”. The event was first held in 2024 in pilot mode and generated considerable interest. In 2025, the co-organizers of the competition are SPbPU, the Russian Institute of Tsinghua University (China), Lovely Professional University (India) and the Federal University of Rio de Janeiro (Brazil). The Rectors’ Forum provided an opportunity to announce the expansion of the competition and invite new representatives of the BRICS countries to participate.

    The SPbPU delegation held talks with existing partner universities in Brazil (these are nine leading universities in the country), and also met with new promising educational institutions and agencies. Among them are the Federal Agency for Technological Education, the Secretariat for Supervision and Development in Higher Education. Both agencies operate under the Ministry of Education of Brazil.

    Polytechnic University signed cooperation agreements with the Federal University of Fluminense and the Federal Rural University of Rio de Janeiro.

    During working meetings and negotiations with rectors and representatives of university delegations, projects in the field of joint research, academic mobility, joint educational programs of double degrees and the organization of summer schools were discussed.

    In the context of changing global educational landscapes, Brazilian universities are becoming key centers for ensuring the scientific and technological sovereignty of the BRICS countries. Their competencies in the field of sustainable development, green economy, bioeconomy, agribusiness, artificial intelligence and other areas, supplemented by Russian fundamental science, form a unique ecosystem of cooperation, its integration into the BRICS educational space through the mechanisms of the BRICS Network University. They allow the creation of new formats of cooperation that combine academic mobility with applied research in areas that are strategic for the countries, noted Vladimir Shchepinin.

    A pleasant surprise was the delegation’s meeting with a 1988 Polytechnic graduate, Electo Eduardo Silva Lora. He is currently a professor and holds the post of head of the Scientific Institute at the Federal University of Itajuba, a leading university in the field of electric power and electrical engineering. Electo Silva Lora spoke excellent Russian and recalled his teachers, professors at the Polytechnic University, with great warmth. He expressed a desire to renew scientific and academic ties with his alma mater and is already interacting with colleagues from the Institute of Power Engineering.

    In addition, Olga Ergunova visited the leading business school of Latin America — FGV EBAPE (Getulio Vargas Foundation), holder of the prestigious “Triple Crown” of accreditations (AACSB, AMBA, EQUIS). She held business negotiations with the director-dean of the school, Professor Flavio Carvalho de Vasconcelos and the head of the international department of Yuna Fontoura.

    Representatives of the school expressed interest in cooperation with SPbPU. During the negotiations, specific steps were outlined: organizing academic exchanges, joint research in the field of innovation management, technological development and sustainable production.

    For FGV EBAPE, it is always valuable to establish connections with leading universities in the world, such as SPbPU. We are interested in developing academic mobility and joint research initiatives, especially in areas related to technology and innovation, – emphasized Flavio Vasconcelos.

    Universities in Brazil represent a huge potential for partnership. Of course, everyone understands the difficulties and cost of logistics between our continents, but even this does not become an obstacle for such innovative projects as, for example, the Smart Cities competition. A number of government agencies support the mobility of Brazilian students, and these opportunities should be used. Brazil has created the strongest scientific centers and technology hubs in the field of research into renewable energy, artificial intelligence, agricultural and food technologies, oil and gas. Colleagues are interested in joint publications, the development of postgraduate programs, international grants for joint research. There is a lot of work to do to turn today’s agreements into real projects with the participation of the Polytechnic University, – Ekaterina Belyaevskaya summed up.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Security: 20,000 malicious IPs and domains taken down in INTERPOL infostealer crackdown

    Source: Interpol (news and events)

    11 June 2025

    SINGAPORE – More than 20,000 malicious IP addresses or domains linked to information stealers have been taken down in an INTERPOL-coordinated operation against cybercriminal infrastructure.

    During Operation Secure (January – April 2025) law enforcement agencies from 26 countries worked to locate servers, map physical networks and execute targeted takedowns.

    Ahead of the operation, INTERPOL cooperated with private-sector partners Group-IB, Kaspersky and Trend Micro to produce Cyber Activity Reports, sharing critical intelligence with cyber teams across Asia. These coordinated efforts resulted in the takedown of 79 per cent of identified suspicious IP addresses.

    Participating countries reported the seizure of 41 servers and over 100 GB of data, as well as the arrest of 32 suspects linked to illegal cyber activities.

    What are infostealers?

    Infostealer malware is a primary tool for gaining unauthorized access to organizational networks. This type of malicious software extracts sensitive data from infected devices, often referred to as bots. The stolen information typically includes browser credentials, passwords, cookies, credit card details and cryptocurrency wallet data.

    Additionally, logs harvested by infostealers are increasingly traded on the cybercriminal underground and are frequently used as a gateway for further attacks. These logs often enable initial access for ransomware deployments, data breaches, and cyber-enabled fraud schemes such as Business Email Compromise (BEC).

    Following the operation, authorities notified over 216,000 victims and potential victims so they could take immediate action – such as changing passwords, freezing accounts, or removing unauthorized access.

    Operational highlights

    Vietnamese police arrested 18 suspects, seizing devices from their homes and workplaces. The group’s leader was found with over VND 300 million (USD 11,500) in cash, SIM cards and business registration documents, pointing to a scheme to open and sell corporate accounts.

    As part of their respective enforcement efforts under Operation Secure, house raids were carried out by authorities in Sri Lanka and Nauru. These actions led to the arrest of 14 individuals – 12 in Sri Lanka and two in Nauru – as well as the identification of 40 victims.

    The Hong Kong Police analysed over 1,700 pieces of intelligence provided by INTERPOL and identified 117 command-and-control servers hosted across 89 internet service providers. These servers were used by cybercriminals as central hubs to launch and manage malicious campaigns, including phishing, online fraud and social media scams.

    Neal Jetton, INTERPOL’s Director of Cybercrime, said:

    “INTERPOL continues to support practical, collaborative action against global cyber threats. Operation Secure has once again shown the power of intelligence sharing in disrupting malicious infrastructure and preventing large-scale harm to both individuals and businesses.”

    Notes to editors

    Operation Secure is a regional initiative organized under the Asia and South Pacific Joint Operations Against Cybercrime (ASPJOC) Project.

    Participating countries: Brunei, Cambodia, Fiji, Hong Kong (China), India, Indonesia, Japan, Kazakhstan, Kiribati, Korea (Rep of), Laos, Macau (China), Malaysia, Maldives, Nauru, Nepal, Papua New Guinea, Philippines, Samoa, Singapore, Solomon Islands, Sri Lanka, Thailand, Timor-Leste, Tonga, Vanuatu, Vietnam.
     

    MIL Security OSI –

  • MIL-OSI Russia: Los Angeles Mayor Announces Curfew in Downtown

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    LOS ANGELES, June 11 (Xinhua) — Los Angeles Mayor Karen Bass announced on Tuesday evening that the second-largest U.S. city will impose a curfew in the city center from 8 p.m. local time (03:00 GMT Wednesday) to 6 a.m. Wednesday (13:00 GMT).

    The curfew, as K. Bass noted, will cover an area of about 1 square mile.

    Local authorities imposed a limited curfew in response to looting and vandalism that occurred in the city centre on Monday evening following largely peaceful daytime protests, she said.

    The curfew does not apply to area residents, homeless people, members of the media, and public safety or emergency personnel, according to a statement from the Los Angeles Police Department.

    Bass announced the curfew as protests against U.S. Immigration and Customs Enforcement (ICE) raids entered their fifth day. Local media reported that demonstrators had taken to the 101 Freeway, blocking traffic in both directions, shortly before the curfew was ordered. –0–

    MIL OSI Russia News –

  • MIL-OSI: Heilind Asia Pacific Gear Up for Fastener Expo Shanghai 2025

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, June 11, 2025 (GLOBE NEWSWIRE) — Heilind Electronics is one of the world’s leading distributors for interconnect, electromechanical, fastener and sensor products. Heilind Asia Pacific, headquartered in Hong Kong and established in December 2012, taking place from June 17 to 19 at the National Exhibition and Convention Center (Shanghai) and will be showcasing a broad portfolio of advanced fastening products & solutions, designed to meet the evolving needs of industries such as automotive, industrial automation, energy, and consumer electronics.

    As part of our ongoing commitment to bringing top-tier interconnect and fastening innovations to Asia’s growing industrial market, join Heilind at Booth #1E510 in Hall 1.1, Heilind Asia Pacific is looking forward to engaging with engineers, procurement professionals, and partners across the supply chain. Technical specialists will be on-site to provide live demonstrations and application consultations.

    Event Details:

    Booth 1E510 Hall 1.1– Heilind Asia Pacific

    June 17–19, 2025

    National Exhibition and Convention Center (Shanghai)

    About Heilind Electronics
    Heilind Electronics is one of the world’s leading distributors for interconnect, electromechanical, and sensor products. As the industry’s preeminent distributor, Heilind stocks the largest inventory of connector products in North America. We are Heilind franchised for over 150 of the industry’s leading manufacturers and offer products in over 25 component categories including connectors, relays, sensors, switches, thermal management and circuit protection products, terminal blocks, antennas, wire and cable, wiring accessories, insulation and identification products. Heilind has locations throughout the U.S., Canada, Mexico, Brazil, Singapore, Hong Kong, and China.

    Heilind Asia Pacific (www.heilindasia.com) commenced operations in Dec 2012. Besides being headquartered in Hong Kong, where it also has a distribution center and a value-added center, Heilind Asia now has 24 locations & 5 warehouses throughout Asia. Our industry leading service offering to customers in the Asia Pacific is the result of a commitment to the belief of “Distribution As It Should Be.”

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/90b27639-34ee-4c22-a54e-5d1dbdc242de

    The MIL Network –

  • MIL-OSI China: Calligraphy exhibition honors Chinese literary tradition

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

    A calligraphy exhibition by Chao Daishuang, a research fellow at the National Museum of China and director of the Institute of Ancient Chinese Calligraphy, opened June 6 in Beijing, highlighting his decades of research and artistic achievement.

    Chao Daishuang speaks at the opening ceremony of his calligraphy exhibition in Beijing, China, June 6, 2025. [Photo by Liao Jiaxin/China.org.cn]

    At the opening ceremony, Chao spoke of the profound reverence inspired by ancient calligraphic works, noting that they embody the intellectual spirit and philosophical depth of China’s traditional scholars.

    Koh Hock Kiat, founding dean of the Confucius Institute at Nanyang Technological University, also attended the event. He called calligraphy “the soul of Chinese culture,” saying its integration with classical poetry and wisdom can exert a subtle yet profound influence on children’s upbringing.

    After the ceremony, Chao spoke with attendees, stressing that mastery of the Chinese language is essential for understanding the classical texts featured in the artwork.

    A section of Chao Daishuang’s calligraphy on display at the exhibition in Beijing, China, June 6, 2025. [Photo by Liao Jiaxin/China.org.cn]

    Chao said appreciating calligraphy requires an understanding of its cultural roots. He urged young cultural workers to develop a solid literary grounding, saying, “Only those deeply versed in classics can create truly meaningful calligraphy.” He emphasized that authentic cultural exchanges must be built on genuine traditional foundations.

    On the topic of cultural diplomacy, Chao said its effects are often gradual. “A lecture or an overseas exchange may not yield immediate results,” he said. “But such efforts lay foundations for the future — persistent engagement will naturally bear fruit over time.”

    MIL OSI China News –

  • MIL-OSI China: Los Angeles mayor announces curfew in downtown area

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

    Los Angeles Mayor Karen Bass announced Tuesday evening that the second largest city in the United States has imposed a curfew in the downtown area from local time 8:00 p.m. (0300 GMT Wednesday) to 6:00 a.m. (1300 GMT) Wednesday.

    The curfew would cover about 1 square mile, Bass said.

    She said that the local authorities imposed the limited curfew in response to looting and vandalism that occurred downtown Monday night, following largely peaceful daytime protests.

    The curfew exempts residents of the designated area, homeless individuals, credentialed media and public safety or emergency officials, according to the Los Angeles Police Department.

    Bass announced the curfew as protests against raids by the U.S. Immigration and Customs Enforcement stretched into the fifth day, with local media reporting demonstrators surged onto the 101 Freeway, blocking traffic in both directions, shortly before the order was issued. 

    MIL OSI China News –

  • MIL-OSI China: US to cut military budget for Ukraine next year: Pentagon

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

    The current U.S. administration will cut its military budget for Ukraine next year, U.S. Defense Secretary Pete Hegseth said at a hearing in the House of Representatives on Tuesday.

    “It is a reduction in this (upcoming defense) budget,” Hegseth told lawmakers, “This administration takes a very different view of that conflict.”

    “We believe that a negotiated peaceful settlement is in the best interest of both parties and our nation’s interests, especially with all the competing interests around the globe,” he said.

    The United States has provided Ukraine more than 66 billion U.S. dollars in aid since the conflict between Russia and Ukraine broke out in February 2022, according to U.S. media reports. 

    MIL OSI China News –

  • MIL-OSI China: Ancelotti’s first Brazil win seals World Cup spot

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

    Vinicius Junior scored in the first half as five-time world champion Brazil secured a spot at next year’s FIFA World Cup with a 1-0 home win over Paraguay in its qualifier on Tuesday.

    The result marked new manager Carlo Ancelotti’s first victory since taking charge late last month and leaves Brazil third in the South American standings with 25 points, one ahead of fifth-placed Paraguay, with two matches remaining.

    “We’re very happy to have qualified for the World Cup, which was our objective,” Vinicius told TV Globo after the match.

    “Tonight wasn’t one of our best games but the most important thing in these qualifiers is to get over the line and do what’s needed to reach the World Cup. Now it’s time to celebrate.”

    The host took the lead on the stroke of halftime when Vinicius slid home from inside the six-yard box after Matheus Cunha’s cross from the right side of the penalty area.

    Brazil dominated for large periods at Sao Paulo’s Corinthians Arena but struggled to break down Paraguay’s disciplined defensive block.

    The visitor offered little in attack and its best chance of the first half was a speculative effort by Junior Alonso from 15 yards.

    Brazil went close to doubling its lead just before the hour through Bruno Guimaraes, whose deft chip was headed off the line by Juan Caceres.

    Dynamo Moscow right-back Caceres then put Brazil’s defense under pressure with a long throw to the goalmouth, where the ball fell to Alonso, whose powerful header flew just over the bar.

    But there were few other scoring chances as both teams appeared to prioritize defense over offensive ambition.

    The home side had 73% of possession but only four shots on target while Paraguay forced just one save from Brazil goalkeeper Alisson.

    Brazil will meet Chile and Bolivia in its final two qualifiers in September while Paraguay, which needs only one more point to qualify, faces Ecuador and Peru.

    MIL OSI China News –

  • MIL-OSI China: Wang Zifei, Hu Kai continue golden runs at ISSF World Cup

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

    China’s Wang Zifei and Hu Kai extended their winning streaks in the women’s 10m air rifle and men’s 10m air pistol events respectively, each capturing their third individual gold medal of the season at the ISSF World Cup in Munich.

    At 18, world record holder Wang delivered a stunning qualification performance, breaking both the junior and overall qualification world records with a score of 637.9 to advance to the final.

    In the final, Wang stayed composed and consistent, delivering a series of high 10s. A decisive 10.9 shot near the end gave her a slim lead, allowing her to narrowly defeat South Korea’s Kwon Eun-ji by 0.1 point with a final score of 252.7. India’s Elavenil Valarivan claimed the bronze medal. Fellow Chinese shooter Han Jiayu secured sixth place.

    The win marked Wang’s third straight World Cup gold in the women’s 10m air rifle, keeping her unbeaten record in the event this season after victories in Buenos Aires and Lima. She currently holds all four individual women’s 10m air rifle records over senior and junior categories in this discipline.

    In the men’s 10m air pistol, 23-year-old Hu led qualification with 588 points, but faced stiff competition in the final from Kazakhstan’s Valeriy Rakhimzhan and Christian Reitz of Germany. Hu had a slow start in the final but regained momentum with a series of high-scoring shots, including several over 10.5, to move into medal contention.

    With two shots remaining, Hu responded with a 10.5 and a 10.4 to edge ahead. The Kazakh shooter, who had led most of the contest, closed with a 9.9 and had to settle for silver with 241.9. Reitz took bronze.

    The victory marked Hu’s third straight gold of the season in the event, keeping his unbeaten record in 2025. Another Chinese shooter, Olympic champion Xie Yu, finished fifth.

    With two gold medals on the first competition day, China leads the medal table in Munich, followed by Kazakhstan and South Korea.

    The ISSF World Cup will continue on Wednesday with the men’s 50m rifle 3 positions final and the women’s 25m pistol final. 

    MIL OSI China News –

  • MIL-OSI China: Almada rescues 10-man Argentina in 1-1 draw against Colombia

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

    Thiago Almada struck late as Argentina salvaged a 1-1 home draw against Colombia in their FIFA World Cup qualifier on Tuesday.

    Liverpool forward Luis Diaz gave the visitors the lead against the run of play when he cut inside from the left wing and skipped past three defenders before coolly firing a shot past Emiliano Martinez.

    The host was forced to play the last 25 minutes with 10 men after Chelsea midfielder Enzo Fernandez was shown a straight red card for a dangerous challenge on Kevin Castano.

    Despite its numerical disadvantage, Argentina continued to dictate terms and pushed forward in search of an equalizer.

    Lyon midfielder Almada put his side on level terms nine minutes from time by receiving Exequiel Palacios’ pass and advancing into the box before drilling a low effort into the far corner.

    Reigning World Cup champion Argentina, which is already assured of a place at football’s showpiece tournament next year, remains top of South America’s qualifying group with 35 points, 13 ahead of sixth-placed Colombia.

    The top six teams earn direct entry to the World Cup while the seventh-ranked side advances to a playoff.

    Argentina will meet Venezuela and Ecuador in its last two qualifiers in September while Colombia will confront Bolivia and Venezuela.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: 2024 Vehicle Fuel Economy Guide and Vehicle Fuel Efficiency Ranking Released

    Source: Republic of China Taiwan

    To assist the public to select vehicles of high energy efficiency, the Energy Administration, Ministry of Economic Affairs, not only publishes monthly information online on the fuel efficiency of newly certified models, but also compiles these data annually into the “Vehicle Fuel Economy Guide”. To further encourage the public adoption of energy-saving and carbon-reducing electric vehicles, the “2024 Vehicle Fuel Economy Guide” also includes energy efficiency information of electric vehicles that have been tested and certified (please refer to the electric-vehicle pages).

    The top three vehicles in each fuel-saving vehicle ranking (non-electric) category in the 2024 Vehicle Fuel Economy Guide are shown below:

    Among passenger cars, the top three are all hybrid vehicles: Honda FIT A522H1502 1498c.c. A1 5D, LEXUS LBX HYBRID 1490c.c. CVT 5D and TOYOTA CAMRY HYBRID 2487c.c. CVT 4D, where the Honda FIT A522H1502 1498c.c. A1 5D manufactured by Honda Motor Co., Ltd., ranks first with a fuel economy of 26.9 km/L.

    Among commercial vehicles, the top three are TUCSON NX4H-C 1598c.c. A6 5D, TUCSON NX4H-A 1598c.c. A6 5D and CITROEN BERLINGO VAN (XL) 1499c.c. A8 5D (diesel), where the TUCSON NX4H-C 1598c.c. A6 5D manufactured by Sanyang Motor Co., Ltd., ranks atop the list with a fuel economy of 21.1 km/L.

    Among motorcycles (tested by “Fuel Economy Test Method for Motorcycles”), the top three are all from the HONDA SUPER CUB series, where the HONDA SUPER CUB 109.5c.c. M4 imported by RON-LI SUPER MOTORS CO., LTD., takes the top spot with a fuel economy of 95.9 km/L.

    According to the Energy Administration, to maximize energy-saving and carbon-reducing results for vehicles, it is important to not only carefully choose energy-saving vehicles but also to keep good driving habits and maintain vehicles in good conditions, such as reducing vehicle load, accelerating and decelerating smoothly, maintaining proper tire pressure and avoiding periods long idling. These are all effective ways of improving fuel economy.

    The Energy Administration also clarified that the energy efficiency values published in the 2024 Vehicle Fuel Economy Guide were measured under standardized laboratory conditions. In real world driving, fuel economy may be affected by various factors such as weather, road and traffic conditions, usage of air conditioning and individual driving habits. Therefore, the actual number of kilometers traveled per liter of gasoline (or diesel) or kilowatt-hour of electricity may be lower than the values shown in the Guide.

    The “2024 Vehicle Fuel Economy Guide” has been published on the Energy Administration’s official website (https://www.moeaea.gov.tw), and welcome to download. For some specific vehicle models, please visit the following website (https://auto.itri.org.tw) and click on the “Vehicle Energy Efficiency Inquiry” or “Energy Efficiency for Electric Vehicles”.

    Spokesperson: Deputy Director General, Chih-Wei Wu
    Energy Administration, Ministry of Economic Affairs
    Phone Number: 02-2775-7750
    Mobile: 0922-339-410
    Email: cwwu@moeaea.gov.tw

    Business Contact: Director, Shu-Fang Kao
    Energy Administration, Ministry of Economic Affairs
    Phone Number: 02-2775-7773
    Mobile: 0918-400-668
    Email: sfkao@moeaea.gov.tw

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: Scientific and cultural exchanges between Chinese and Russian youth took place in Heilongjiang 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 11 (Xinhua) — Wudalianchi City Publicity Department of the CPC Wudalianchi Municipal Committee in northeast China’s Heilongjiang Province said that events in the field of popular science and cultural exchanges between Chinese and Russian youth were held in Wudalianchi from June 4 to 5, 2025.

    On the evening of June 4, the opening ceremony was held at the Wudalianchi Cultural and Sports Center, where young people from the two countries in national costumes presented dance and song numbers. The melodic sounds, combined with the rhythmic performances of the kuaiban (recitative accompanied by an instrument made of bamboo planks), conveyed youthful enthusiasm and passion to the applause of the audience.

    During the events, the participants visited the city’s science and technology museum, where they immersed themselves in the world of space and conducted experiments with interactive exhibits. Then, at Xinrui Primary School, the Russian guests viewed an exhibition of creative projects, watched a show of robots and aircraft models, and tried their hand at Chinese calligraphy and playing traditional Chinese instruments. Then the participants learned about the principles of volcano formation, as well as the unique geological structure and evolution of the region.

    During the two-day exchange, the youth of the two countries not only enriched their scientific knowledge, but also laid a solid foundation for friendship. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: Dongsheng District, Ordos City

    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

    Dongsheng District is located in the central and eastern part of Ordos City. Its area is 2,160 square kilometers. The permanent population reaches almost 600 thousand people. The urbanization rate is 96.7%.

    Dongsheng District is located at an altitude of over 1,600 meters above sea level, and the average summer temperature is 21 degrees. It is a well-functioning, warm and comfortable city to live in. Its forest cover and grassland vegetation rate have reached 29.9% and 51.8%, respectively.

    MIL OSI Russia News –

  • MIL-OSI Russia: Mongolia hosts event dedicated to International Day of Dialogue Among Civilizations

    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

    ULAN BATOR, June 11 (Xinhua) — An event to mark the International Day of Dialogue Among Civilizations was held at the China Cultural Center in Ulan Bator on Tuesday.

    It also included a competition for the best Chinese songs among Mongolian youth.

    The event aims to build a bridge of good-neighborliness and friendship between China and Mongolia through music, and promote cultural and educational exchanges and cooperation between the two countries. It is part of a series of events to mark the International Day of Dialogue Among Civilizations.

    The competition featured 15 solo performers from Mongolia. The participants demonstrated their level of proficiency and talent in learning Chinese.

    The winners were Erdenetsogiin Mendbayar and Wu Ningjing, who performed a medley of classic Chinese TV series and films, “My Fair Princess” and “Breaking Dawn.”

    “When the participants sang Chinese songs in Chinese, every word was a fusion of cultures and every melody was a seed of friendship,” said Li Zhi, a counselor at the Chinese Embassy in Mongolia and director of the Chinese Cultural Center in Ulaanbaatar.

    In his speech, he emphasized that China and Mongolia use music as a medium and singing as a bridge, which is a vivid practice of the global civilization initiative: using art to convey shared values, using melody to promote exchanges between people, and using innovation to promote the heritage of civilization. “This competition is not only a stage for participants to showcase their talents, but also a window for mutual learning between civilizations,” he added.

    In 2024, the 78th session of the UN General Assembly unanimously adopted a resolution drafted by China to establish June 10 as the annual International Day of Dialogue among Civilizations.

    The event was initiated by the Mongolian Association “Community with a Shared Future for Humanity – Belt and Road” and organized by the Chinese Cultural Center in Ulaanbaatar. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: The President of Uzbekistan noted the importance of expanding mutually beneficial cooperation with Russia in the energy sector

    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 11 /Xinhua/ — The President of Uzbekistan noted the importance of expanding mutually beneficial cooperation with Russia in the energy sector, the press service of the head of Uzbekistan reported on Tuesday.

    “On June 10, President of the Republic of Uzbekistan Shavkat Mirziyoyev received Deputy Prime Minister of the Russian Federation Alexander Novak, who arrived in our country to participate in the fourth Tashkent Investment Forum,” the statement said.

    “At the beginning of the meeting, Alexander Novak conveyed greetings and best wishes from Russian President Vladimir Putin to the head of our state, and also congratulated him on the successful holding of the forum,” the statement said.

    It is noted that issues of practical implementation of the agreements reached during the state visit to Uzbekistan in May last year and other contacts at the highest level were discussed.

    As reported, special attention was paid to expanding mutually beneficial partnership in the energy sector, accelerating joint oil and gas projects, and further developing cooperation in the field of peaceful nuclear energy. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Jordanian, Lebanese leaders call for Gaza ceasefire, pledge to strengthen cooperation

    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

    AMMAN, June 11 (Xinhua) — Jordan’s King Abdullah II met with visiting Lebanese President Joseph Aoun on Tuesday to discuss ways to deepen bilateral ties and current regional developments, the Hashemite Royal Court said in a statement.

    The talks focused on expanding trade and increasing joint investment, especially in energy, electricity and infrastructure. Both leaders stressed the importance of expanding cooperation to advance common interests, support Arab aspirations and enhance stability in the region.

    Speaking about the situation in the region, the leaders of the two countries stressed the need to end the war in Gaza and ensure that sufficient humanitarian aid reaches the enclave.

    The King of Jordan and the President of Lebanon condemned any plans for the forced displacement of Palestinians and called for increased efforts by Arab countries and the international community to achieve a just and comprehensive peace based on the principle of “two states for two peoples.”

    In turn, King Abdullah II confirmed Jordan’s support for Lebanon’s efforts to maintain security, stability, sovereignty and territorial integrity.

    He also warned against an escalation of violence against Palestinians in the West Bank and called for respect for the sanctity of Islamic and Christian holy sites in Jerusalem.

    During the meeting, the leaders of both countries also stressed the importance of maintaining security and stability in Syria to ensure the safe and voluntary return of refugees. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Argentina’s Supreme Court Upholds 6-Year Sentence of Ex-President

    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

    BUENOS AIRES, June 11 (Xinhua) — Argentina’s Supreme Court on Tuesday upheld a six-year prison sentence against former President Cristina Fernandez de Kirchner for irregularities in public works contracts during her time in power.

    The country’s highest court rejected an appeal filed by Fernandez de Kirchner’s lawyers against lower court decisions upholding both the prison term and the lifetime ban on holding public office.

    The ruling was based on the so-called “Vialidad case,” which investigated the awarding of 51 road construction contracts in the southern province of Santa Cruz to companies owned by businessman Lázaro Báez during the government of Néstor Kirchner (2003-2007) and his widow, C. Fernández de Kirchner (2007-2015).

    Fernandez de Kirchner has repeatedly denied her guilt and called the trial a politically motivated prosecution. –0–

    MIL OSI Russia News –

  • MIL-OSI China: China, Africa see rapid trade growth over past 25 years

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

    A coffee exhibitor shows coffee products during an exhibition at the China-Africa Economic and Trade Expo in Nairobi, Kenya, May 9, 2024. [Photo/Xinhua]

    Economic and trade cooperation between China and Africa has demonstrated strong vitality, with a rapid increase in trade volume over the past 25 years, official data showed on Wednesday.

    China’s total imports and exports with African countries increased from less than 100 billion yuan (about 13.9 billion U.S. dollars) in 2000 to 2.1 trillion yuan in 2024, marking an average annual growth of 14.2 percent, according to the General Administration of Customs (GAC).

    The data was released ahead of the Fourth China-Africa Economic and Trade Expo, scheduled to be held from June 12 to 15 in Changsha, capital of central China’s Hunan Province.

    On Wednesday, the GAC also published the 2024 China-Africa trade index, which reached a record high of 1,056.53 points. The index uses the year 2000 as its benchmark, set at 100 points, according to the administration.

    China had been Africa’s largest trading partner for 16 consecutive years by the end of 2024, and the growth of bilateral trade has continued to pick up pace so far in 2025.

    According to earlier data from the GAC, China’s trade with African countries hit a record high in the first five months of this year, increasing 12.4 percent year on year to 963.21 billion yuan. 

    MIL OSI China News –

  • MIL-OSI China: Chinese auto giants cut payment cycle to within 60 days

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

    This photo taken on March 26, 2025 shows a vehicle during a launch event of Chery in Prague, the Czech Republic. Chinese automaker Chery has officially launched four new models of its OMODA 5 and JAECOO 7 in the Czech market. [Photo/Xinhua]

    A batch of Chinese automakers announced that they would shorten payment terms to their suppliers to within 60 days starting Tuesday evening.

    As of the morning of Wednesday, 10 major auto manufacturers — including BYD, China FAW Group, Seres Group, Geely Auto, and Chery — had officially pledged to implement the new 60-day payment cycle. 

    According to the automakers, the move is expected to boost cash flow efficiency across the automotive industry chain, support the growth of small and medium-sized enterprises (SMEs), and safeguard the stability of the broader industrial ecosystem.

    The auto heavyweights also described the decision as a proactive response to the newly revised regulation on ensuring timely payments to SMEs issued by the State Council and coming into force on June 1. 

    The revision addresses long-standing issues in market practice such as excessively lengthy payment cycles, unclear accountability, and insufficient regulatory oversight.

    Notably, Article 9 of the regulation stipulates that large enterprises procuring goods, projects, or services from SMEs must settle payments within 60 days of delivery unless otherwise agreed upon in accordance with industry standards and customary practices.

    In addition, the regulation prohibits “back-to-back” payment clauses that tie supplier payments to the progress of third-party payments, closing a loophole that has long delayed receivables for smaller suppliers.

    MIL OSI China News –

  • MIL-OSI China: Nanjing elevates biomedicine industry to new heights

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

    China SCIO | June 11, 2025

    Eastern China’s Nanjing is committed to making the biomedicine industry one of its leading industrial clusters, as part of the city’s efforts to foster new quality productive forces, a city official said Monday.

    Nanjing Biotech and Pharmaceutical Valley. [Photo provided to China SCIO]

    Wu Gang, deputy head of the Nanjing Municipal Bureau of Industry and Information Technology, said that Nanjing benefits from rich educational and industrial resources, which provide a strong foundation for the development of biomedicine and biopharmaceutical industries.

    Data shows that the city is home to four specialized colleges and over 20 key universities offering related programs. Each year, more than 60,000 graduates in the city complete their studies in biomedicine, ranking among the top in China.

    In addition, Wu said that the city has developed a complete industrial chain in the biomedicine sector, integrating education, research, industrialization, and clinical application.

    Nanjing has been hard at work to upgrade its biomedicine industry. In 2020, it introduced several key policies including a five-year plan for biomedicine industry development and an action plan for building a biomedicine industry cluster. These policies have provided comprehensive support for high-quality growth, with specific measures to foster R&D innovation, facilitate technology transfer, streamline regulatory approvals, and ensure talent development.

    The efforts have paid off. In 2024, Nanjing’s biomedicine industry generated over 210 billion yuan (US$29.25 billion) in revenue, up 5% from the previous year. Additionally, Nanjing now hosts 1,032 high-tech biomedicine enterprises and 35 national-level “little giant” firms, or small and medium-sized enterprises (SMEs) that use specialized and sophisticated technologies to produce novel and unique products. 

    At the core of this success is the Nanjing Biotech and Pharmaceutical Valley (NJBPV), a biopharma industrial park located in Nanjing Jiangbei New Area. Established in 2011, NJBPV is home to over 1,300 life sciences companies, including five listed firms and 53 cutting-edge SMEs.

    A lab at biopharmaceutical company IASO Bio. [Photo by Cui Can/China SCIO]

    “The valley focuses on gene and cell therapies, innovative drugs, and high-end medical devices,” said Yang Tao, deputy director of the Life and Health Industry Development Management Office of Nanjing Jiangbei New Area. He added that over 400 drugs developed by pharmaceutical companies in the valley have already received market approval in China.

    Yang also noted that Nanjing Jiangbei New Area encourages these pharmaceutical companies to expand their footprint by providing tailored support regarding operational needs, regulatory requirements, and market entry challenges.

    For instance, IASO Bio, located in NJBPV, is a leading biopharmaceutical company specializing in innovative cell therapies. The company reached a milestone in recent months by delivering to a resident in Hong Kong its flagship CAR-T therapy , a cutting-edge cancer treatment, according to Zhang Jinhua, the firm’s founder and CEO. 

    The therapy requires strict time control when transporting the patient’s blood samples to IASO Bio for the production of CAR-T cell therapy drug, which was then delivered across the border to Hong Kong. Zhang said that after learning about the company’s needs, Nanjing Jiangbei New Area worked with local customs authorities to streamline clearance procedures, reducing delivery time to under 30 hours for blood samples and 144 hours for the final cell products.

    “After successfully establishing a cross-border delivery channel through Hong Kong, we’re now applying to expand this model to more regions and countries,” Zhang said.

    MIL OSI China News –

  • MIL-OSI USA: House Passes Rep. Calvert Bill to Secure Port Facilities

    Source: United States House of Representatives – Congressman Ken Calvert (CA-42)

    Today, the House of Representatives unanimously passed the Secure Our Ports Act of 2025, H.R. 252, bipartisan legislation introduced by Congressman Ken Calvert (CA-41) earlier this year. H.R. 252 will strengthen our national security by prohibiting certain foreign entities, including state-owned enterprises of China, Russia, North Korea, and Iran, from entering into contracts for the ownership, leasing, or operation of U.S. port facilities that are subject to security plans.

    “I want to thank my House colleagues for passing the Secure Our Ports Act and taking an important step in protecting our critically important port facilities,” said Rep. Calvert. “America’s ports are essential gateways for trade and commerce. We cannot jeopardize America’s economic and national security by allowing foreign adversaries, like China, Russia, North Korea and Iran, to own and operate port infrastructure.”

    The Secure Our Ports Act prohibits the ownership, leasing, or operation of port facilities by an entity that is a Chinese, Russian, North Korean, or Iranian state-owned enterprise, or a foreign entity for which any percentage is owned by one of those four countries.

    According to reports, “China owns or operates ports and terminals at nearly 100 locations in over 50 countries.” Last year, the Select Committee on the Chinese Communist Party issued a report highlighting its national security concerns over the influence of critical port infrastructure by Chinese-owned enterprises. Recently, the Defense Department included a number of Chinese shipping firms to a list of companies it identifies as military in nature.

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    MIL OSI USA News –

  • MIL-OSI Europe: ECB and People’s Bank of China sign Memorandum of Understanding on cooperation

    Source: European Central Bank

    11 June 2025

    On the occasion of her visit to Beijing, Christine Lagarde, President of the European Central Bank (ECB), and Pan Gongsheng, Governor of the People’s Bank of China, have signed a Memorandum of Understanding (MoU) on cooperation in the field of central banking.

    This MoU, which updates the previous MoU of 2008, includes a framework for the regular exchange of information, dialogue and technical cooperation between the two institutions.

    “It is important that we sustain global cooperation, and I am pleased to sign this MoU together with Governor Pan as a sign of our continued dialogue with the People’s Bank of China,” ECB President Christine Lagarde said.

    For media queries, please contact Paul Gordon, tel.: +49 172 253 5723.

    MIL OSI Europe News –

  • MIL-OSI Russia: China Releases Guidelines for Deepening Shenzhen Pilot Comprehensive Reform /Detailed Version-1/

    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 11 (Xinhua) — China will continue to push forward the comprehensive reform pilot in Shenzhen, south China’s Guangdong Province, deepening reform and innovation in the city and expanding its opening-up, according to a guideline released Tuesday.

    The document, jointly released by the General Office of the CPC Central Committee and the General Office of the State Council, outlines a new series of reform measures for Shenzhen to overcome institutional barriers in education, science and high-caliber talent training in a coordinated manner. It calls for strengthening the deep integration of innovation, industry, capital and talent chains, and exploring new paths, scenarios and platforms for cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area. It also envisages pilot projects in areas such as building a modern, international and innovative city.

    As noted in the document, Shenzhen will deepen reform and expand opening-up from a higher starting point, at a higher level and to achieve higher goals, creating more new practices that can be replicated and disseminated. The city will further enhance its role as an important driving force for the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and a development stimulating center in the national strategy, and contribute to and set a model for the all-round construction of a modern socialist country.

    As part of the reform, foreign investors are encouraged to establish professional educational organizations in the city in accordance with the rules and introduce advanced advanced training courses, faculty and teaching methods.

    According to the document, employers in Shenzhen will be given greater autonomy in recruiting and managing foreign specialists.

    The document said Shenzhen will carry out reforms to enhance data security management capacity and explore efficient, convenient and secure mechanisms for cross-border data transfer while complying with relevant laws and regulations.

    In accordance with the guidelines, the results achieved in the pilot comprehensive reform programmes will be monitored and successful experiences will be disseminated on a wider scale. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: Russian Language Day celebrated in Chinese city of Qingdao

    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 11 (Xinhua) — June 6 marked the 226th anniversary of the birth of the great Russian poet and writer Alexander Sergeyevich Pushkin. On this day, a festive event dedicated to the Russian Language Day was held at the Pearl of the SCO International Expo Center in the city of Qingdao (Shandong Province, eastern China), the Russian Cultural Center in Beijing reported.

    It was organized by the Russian Club of Jiaozhou City /Shandong Province, East China/ with the assistance of the Russian Cultural Center in Beijing.

    Teachers and students from the Chinese-Canadian School of Qingdao, members of the Russian Club of Jiaozhou, as well as Russian and Chinese guests gathered together to experience the beauty of the Russian language.

    The festive program was distinguished by its diversity of forms and content: Russian language quizzes, readings of literary works, singing songs, etc.

    Students from the Chinese-Canadian School of Qingdao, together with members of the Russian Club of Jiaozhou, recited poems by Pushkin, Lermontov, Yesenin and other classics of Russian literature, and also performed the popular song “Mother Earth”.

    The lines of poetry and heartfelt melodies allowed the special rhythm and literary charm of the Russian language to be fully revealed, causing sincere applause from the audience.

    The famous Chinese poet and writer Mao Xupu was a special guest at the event. For the birthday of A.S. Pushkin, Mao Xupu wrote a poem, “The Sun of June Sixth,” which he read together with the head of the Russian Club of Jiaozhou.

    Brothers Nikolai and Alexei Kokhno read an excerpt from A.S. Pushkin’s “Gypsies”. Their childlike sincerity and artistry brought thunderous applause from the audience. Nikolai Kokhno also delighted the audience with his virtuoso playing of the accordion. The sounds of music allowed the listeners to immerse themselves for a moment in the atmosphere of Russian poetry.

    Every year on June 6, the birthday of A.S. Pushkin, who is considered the founder of the modern Russian literary language, Pushkin Day is celebrated, also known as Russian Language Day. -0-

    MIL OSI Russia News –