Author: xjadmin

On May 18th, the working groups 4A, 4B, and 4C under the fourth research group (SG4) of the International Telecommunication Union’s Radiocommunication Sector (ITU-R) held their meetings in Shanghai from April 23rd to May 16th. The focus of this meeting was on hot topics such as the division of new frequencies for satellite services, improvement of rules and procedures for satellite service areas and authorized use, fair utilization of satellite radio frequencies, direct connection of mobile phones to satellites, coexistence and development of high and low orbit satellites, sustainable development of space, satellite communication manuals, standardization of 5G and 6G satellites, and satellite Internet of Things. More than 400 papers were submitted by various countries, forming a large number of outcome documents. The 38 papers submitted by the Chinese delegation were all adopted. The outcome documents of the meeting were reviewed by three working groups, resulting in one revised proposal, three new project proposals, three revised reports, and one revised manual. They were submitted to the SG4 meeting for approval, and the remaining outcome documents will be further studied and improved in subsequent working group meetings. Several experts from our country have served as co chairs of sub working groups and drafting group chairs on important issues such as the revision of space business rules and procedures, direct connection of mobile phones to satellites, etc., further enhancing their participation in the research of international rules for satellite business.

On the occasion of World Telecommunication and Information Society Day 2025 and the 160th anniversary of the establishment of the International Telecommunication Union, a reporter from the Science and Technology Innovation Board Daily learned that Shanghai Mobile has launched the “Ten Gigabit Park Computing Network Upgrade Action”, taking the lead in carrying out the pilot construction of the “Ten Gigabit Optical Network”, creating a 1ms Pujiang Computing Power Optical Network, and jointly establishing the “AI Cooperation Alliance” with iFlytek, SenseTime, Step Leap Star, Huawei, Kupas, Mu Xi, and others. Shanghai Unicom has launched the “Dual 10 Gigabit Community Carnival”, and at the same time, the integrated intelligent computing hub of the Yangtze River Delta has been officially launched, with Qingpu as the core node and Lingang as the collaborative node, to build a development pattern of “integrated collaboration and radiation of computing resources in the Yangtze River Delta region”. Shanghai Telecom has released “AI Home Smart Screen” and “Smart Cloud Edition” government and enterprise products for households. (Reporter Huang Xinyi)

On May 18, Kweichow Moutai will hold the 2024 annual shareholders’ meeting on May 19. On May 18, shareholders and “Mao friends” from all over Kweichow Moutai gathered in Moutai Town. The meeting reported that there were a large number of people on the scene, and many shareholders have participated in the on-site shareholders’ meeting for more than ten consecutive years. Previously, because the number of registered participants exceeded the capacity of the original venue, Kweichow Moutai has planned to adjust the venue of the on-site shareholders’ meeting to the Maotai Convention Center. It is reported that Maotai International Hotel has been fully booked, and there is a long queue at the check-in counter with five channels. (Securities Times)

On May 18th, Xiao Gang, former chairman of the China Securities Regulatory Commission, stated at the 2025 Tsinghua Wudaokou Global Financial Forum that China’s digital economy continued to maintain a good development trend in the first quarter of this year. The core industries of the digital economy have shown good growth momentum, with a growth rate of over 10% (double-digit growth). From the perspective of regional distribution and total number of enterprises, the leading trend is evident in the eastern region. In the first quarter of this year, A-share listed companies in the core industry of digital economy in the eastern region contributed more than 90% of the country’s revenue and net profit. Xiao Gang analyzed that this year in the field of digital finance, most financial institutions have begun to integrate big models such as DeepSeek. After DeepSeek promoted AI equality, many small and medium-sized financial institutions have the conditions and capabilities to apply AI big models, which has brought great changes to the entire financial industry. By continuously applying various AI models represented by DeepSeek, financial institutions have further innovated the digital finance development ecosystem, improving financial efficiency and customer experience. Regarding the future development of digital economy and digital finance, Xiao Gang suggests further promoting the deep integration of digital economy and real economy. Firstly, we need to further improve the ecosystem of the digital economy industry, cultivate a cooperative ecosystem of “technology industry finance” in a virtuous cycle, and further eliminate some constraints on digital economy consumption; Secondly, we need to accelerate the construction of a governance loop for generative AI financial applications, refine the implementation details of financial scenarios, and focus on risk management of AI technology abuse; The third is to build a high-quality financial data market, explore and improve a series of theoretical basis and practical paths such as data element ownership, pricing, valuation, transaction circulation, and entry into the balance sheet.

On May 18th, at the invitation of the Ministry of Transport of Kazakhstan, Minister of Transport Liu Wei went to Kazakhstan from May 14th to 16th to attend the Second China Central Asia Transport Ministers’ Meeting and the First China Kazakhstan Transport Forum, and made a working visit to Kazakhstan. On the morning of May 16th local time, the second meeting of China Central Asia Transport Ministers was held in Astana. Liu Wei proposed three initiatives: firstly, to strengthen the “hard connectivity” of infrastructure, accelerate the construction of the China Kyrgyzstan Uzbekistan Railway and the Trans Caspian International Transport Corridor, and optimize the China Europe freight train network; Secondly, we will strengthen the “soft connectivity” of institutional rules, promote the electronicization of international road transport permits, and simplify the visa process for drivers and passengers; The third is to strengthen the “heart to heart” connection of cultural exchanges, enhance the docking of technical standards and the joint training of talents. The transportation ministers of the five Central Asian countries highly appreciate China’s efforts in deepening China Central Asia connectivity and positively evaluate the practical cooperation achievements between China and Central Asian countries in the field of transportation. During the conference, all parties jointly signed the Memorandum of Understanding on the Electronic Cooperation of China Central Asia International Road Transport Vehicle License and the Memorandum of Understanding between China Central Asia Transport Regulatory Authorities on Strengthening Sustainable Transport Cultural Exchange and Cooperation.

On May 18th, Andavir (300719) recently stated at a performance briefing that the company has actively laid out in the low altitude economy field and has achieved certain results. At present, the company has signed development contracts or letters of intent with multiple eVTOL (electric vertical takeoff and landing aircraft) host units for products such as seats, interiors, air conditioning, and lighting, and the related development work is progressing smoothly.

On May 18th, Israeli Defense Minister Katz stated at the Foreign Affairs and Defense Council meeting that “although there is no official confirmation yet, based on all indications, the leader of the Gaza Strip military branch of the Palestinian Islamic Resistance Movement (Hamas), Mohammad Sinwar, has been killed.” Hamas has not yet confirmed the above news. Mohammad Sinwar was the younger brother of the late Hamas leader Yahya Sinwar. (CCTV News)

On May 18th, Galaxy Securities Research Report stated that in the short term, the announcement of the Joint Statement of the China US Geneva Economic and Trade Talks released a positive signal of easing China US economic and trade relations, which will help to cool down market risk aversion. At the same time, the potential pressure of trade frictions on domestic economic growth has eased, and corporate profit expectations are expected to be revised upwards. But this round of agreement is a milestone achievement in the negotiations between China and the United States, and there will be fluctuations and uncertainties in the direction of subsequent tariff policies. In the long run, the trend of the A-share market will still reflect the connotation of “me as the mainstay” and is expected to show stronger resilience. In terms of configuration, it is recommended to focus on three major directions: firstly, the increasing uncertainty of the external environment, the relatively strong performance certainty, and the overall stable dividend returns of the dividend sector have defensive attributes. Secondly, the logic of the “technology narrative” in the A-share market is clear, and it is recommended to focus on the catalytic opportunities of subsequent industry trends. Thirdly, pay attention to the allocation opportunities in the large consumer sector, implement intensive policies to support service consumption, expand the scope and improve the quality of the “two new” policies, and drive market recovery.

On May 18th, the 2025 Tsinghua Wudaokou Global Financial Forum was held in Shenzhen from May 17th to 18th. Ding Zhijie, Director of the Financial Research Institute of the People’s Bank of China, released the China Financial Policy Report 2025 on behalf of the research group. The report suggests that China’s financial system needs to accelerate its reform pace and continue to enhance its resilience under internal and external pressures. The current financial reform in China is at a new important juncture. The external situation is severe and complex, global economic fluctuations are intensifying, the international trade order is being restructured, and geopolitical risks are beginning to rise. In addition, the fields of financial security and regulation are also facing challenges. The technological revolution is accelerating the reshaping of the financial competition landscape, including the widespread application of AI (artificial intelligence) technology in the financial sector, which has led the current global financial system into a cycle of technological updates and iterations. Regarding the reform of the financial system, the report proposes five key points for financial reform: optimizing the allocation of financial resources, and most importantly, maintaining a stable financial environment; Accelerate the improvement of the central bank system and smooth the transmission mechanism of monetary policy; Strengthen supervision, promote the construction of regulatory bottom line mechanisms and early correction systems, and legally include all financial activities in supervision; Adhere to the essence of finance and improve the quality and efficiency of financial services; Efforts will be made to promote high-level financial opening up and accelerate the construction of a strong financial country. (Shanghai Stock News)

Phnom Penh, May 18 (Xinhua) — High end Interview | Continuously Making New Progress in Promoting the Construction of a Community of Shared Future between Cambodia and China in the New Era Around the clock – Interview with Cambodian Prime Minister Hun Ma Nai

Cambodian Prime Minister Hun Ma Nai recently stated in a written interview with Xinhua News Agency that in the rapidly changing international situation, Cambodia and China should work together to address the complex challenges of today’s world and promote the continuous progress of building an all-weather community of shared future between Cambodia and China in the new era.

The relationship between Cambodia and China has a long history, and the bilateral relationship can be regarded as a model. No matter how the international and regional situation changes, it is unbreakable, “said Hong Mane.” This kind of ironclad friendship is a solid foundation for building a community with a shared future between Cambodia and China

He stated that China has become Cambodia’s most important development partner, and after the implementation of the China Cambodia Free Trade Agreement and the Regional Comprehensive Economic Partnership Agreement, the economic and trade cooperation between the two countries has further accelerated. Cambodian products have been able to better enter the Chinese market, resulting in a significant increase in exports to China; The favorable trade environment created by the agreement has also enhanced Cambodia’s competitiveness, making it an internationally attractive investment destination.

Hong Manai said, “There is enormous potential for economic and trade exchanges between Cambodia and China, and there is vast room for future development.” He stated that Cambodia is committed to further strengthening its mutually beneficial partnership with China, achieving sustainable development and common prosperity between Cambodia and China. He pointed out that the initiative of jointly building the “the Belt and Road” proposed by China has provided good opportunities and paths for Cambodia’s current and future development.

“China’s initiative to jointly build the ‘the Belt and Road’ is highly consistent with Cambodia’s’ Five Corner Strategy ‘. Cambodia is one of the first countries to support the’ the Belt and Road ‘initiative, and has benefited greatly from it,” said Hong Manai.

Hung Manai especially mentioned the cooperation projects between Cambodia and China within the framework of jointly building the “the Belt and Road”, such as the Golden Harbor Expressway, Sihanoukville Port Special Economic Zone, and believed that these cooperation had contributed to Cambodia’s economic growth.

Hong Mane stated that cooperation within the framework of global development initiatives will help achieve Cambodia’s national development goals; Promoting global security initiatives through cooperation between Cambodia and China will help strengthen bilateral security cooperation; The Global Civilization Initiative is conducive to promoting sustainable development and advancing Cambodia’s modernization while protecting cultural and natural heritage.

He mentioned a series of successful law enforcement actions taken by Cambodia and China in recent times to combat online fraud. He said that these actions indicate that “strengthening cooperation between China and Cambodia will more effectively address the threat of cybercrime.

Hong Manai stated that the construction of a community with a shared future between Cambodia and China has entered a new era of high quality, high level, and high standards. In order to further enrich the practical cooperation achievements between the two sides, Cambodia and China should double their efforts and implement the purpose and goals of the “Diamond Six Borders” cooperation framework in the six major fields of politics, production capacity, agriculture, energy, security, and humanities.