Latest news with #Qiu
RTHK
22-05-2025
- Business
- RTHK
Beijing clears way for tech firms to list overseas
Beijing clears way for tech firms to list overseas Yan Bojin, chief risk officer at Chinese Securities Regulatory Commission, says authorities will provide support to aid tech firms in listing overseas. Photo: RTHK Vice Minister of Science and Technology Qiu Yong says pilot technology finance programmes shall be prioritised in key regions, including the Greater Bay Area. Photo: RTHK People's Bank of China deputy governor Zhu Hexin says that over 100 institutions have issued 'sci-tech innovation bonds' amounting to over 250 billion yuan. Photo: RTHK Mainland authorities said on Thursday the country will provide a more transparent, efficient and predictable regulatory environment, along with funding support, to aid technology firms in listing overseas. This came as China's technology, banking, finance and regulatory authorities rolled out a slate of measures and programmes, as well as credit support for technology firms, to drive domestic innovation. Speaking at a press briefing in Beijing, Yan Bojin, chief risk officer at China Securities Regulatory Commission (CSRC), said 242 enterprises have completed their filings for listings overseas over the past two years since new regulations governing them have been implemented. "Among the firms, 83 are technology enterprises, mainly concentrated in fields such as information technology, biomedicine, new energy and advanced manufacturing," he said. "The CSRC will work with relevant departments to continue supporting eligible technology enterprises to develop in an orderly manner through domestic and overseas capital markets. "We will also provide a more transparent, efficient and predictable regulatory environment to support such technology enterprises to go public overseas." The regulator also noted that the country will further strengthen the security of funds raised by listed companies to ensure their allocation towards the main business rather than other purposes. Vice Minister of Science and Technology Qiu Yong noted that authorities will also continue to deepen reforms in the tech-heavy Nasdaq-style STAR Market in Shanghai, as well as the ChiNext board in Shenzhen, to encourage the so-called red-chip technology firms to return to domestic markets. A "national venture capital guidance fund", which Qiu said will be an investment vehicle with public-private partnership, will be set up to focus on "hard technology". Qiu also stressed that pilot technology finance programmes shall be prioritised in key regions, including Beijing, Shanghai the Greater Bay Area, as well as the innovation centres of Chengdu-Chongqing, Wuhan and Xi'an. "These regions should take the lead in breaking through and solving the key and difficult problems in science and technology finance, especially conducting pioneering trials in the areas of marketisation and rule of law, and exploring innovative policies related to science and technology finance," Qiu said.
Qatar Tribune
18-05-2025
- Sport
- Qatar Tribune
Qatar's Abdulwahab makes history with round of 64 berth
Tribune News Network Doha In a landmark moment for Qatari table tennis, Mohamed Abdulwahab has made history by advancing to the round of 64 at the ITTF World Table Tennis Championships Doha 2025, which got underway today at the Lusail Multipurpose Hall and Qatar University Sports Complex on Satuday. Facing New Zealand's World 104th Alfred Della Pena in the round of 128, Abdulwahab delivered a commanding performance, winning 4-0 (11-5, 11-2, 15-13, 11-1) to become the first-ever Qatari player to reach the main draw of the men's singles event at a World Championship. Speaking after the match, Abdulwahab expressed his pride at achieving what he called a 'historic and unprecedented' result. 'I am proud of this result, especially knowing that even some of the world's best players were knocked out in the first round,' he said. 'Qualifying for the next stage is a huge honour for me — my happiness is indescribable.' Abdulwahab, who was also chosen to take the players' oath during the opening ceremony, said the honour marked the beginning of a truly unforgettable tournament experience. 'Being selected to take the oath on behalf of all participating players was already a moment of great pride for me,' he said. 'This result builds on that, and I hope to continue performing at my best in the upcoming rounds.' Tenth seed Dang Qiu survives Meanwhile, It's was a frantic start to the World Championships in the morning session, with tenth seed Dang Qiu requiring late inspiration to fend off a dangerous challenge from Filip Zeljko (11-6, 7-11, 11-5, 6-11, 11-8, 3-11, 11-8). Qiu, who reached the last 16 two years back at 2023 Worlds, was looking for four wins in a row against his Croatian counterpart, but Zeljko was out to make a statement, pushing his former youth rival all the way. Three times Zeljko trailed, and he responded to each setback with a positive mentality, going for his shots in the pressure moments to keep Qiu on his toes. Six games weren't enough to find a winner as Zeljko refused to go down without a fight, holding a 6-7 lead in the decider. With time running out, Qiu needed to find something late on, and he'd eventually weather the storm, digging deep in the closing stages of the match to squeeze into the second round. Breathing a huge sigh of relief, Qiu now turns his attention to the round of 64 where Tom Jarvis awaits. Jarvis banked his spot beyond the opening hurdle thanks to a 4-1 win over Benedek Olah, keeping his composure after a third game setback to ignite his in Doha (11-7, 11-6, 5-11, 11-8, 11-5). 'He's a very tricky player, he's got a lot of quality and if you're not careful you can make it really difficult for yourself. I lost a close match to him at the end of last year, so I went back and reviewed that and had lots of conversations with the coach, made a gameplan and did a lot of good preparation. Luckily, I was able to execute today.' Jarvis said. Meanwhile, Giulia Takahashi has made an impactful start on her singles debut at Worlds, sending a message of intent to the rest of the playing field with a ruthless 4-0 victory over Hope Udoaka (11-3, 11-1, 11-6, 11-8). Competing at the ITTF World Youth Championships on multiple occasions, this was the first time Giulia had stepped up on the senior stage, and she couldn't have asked for a more perfect debut. Controlling the pace from start to finish, Takahashi enjoyed her time at the table, playing with an air of freedom as she embraced the spotlight on one of the sport's most historic stages. Despite her best efforts, Udoaka couldn't live with Takahashi's aggression, and after four games the W firmly belonged to the Brazilian ace. 'It was my first match so I was a little bit nervous, and my first tactic was to be calm. My coach was always there shouting to me, 'be calm, come on Giulia.' He was supporting me and I think this was the most important for me.' Giulia Takahashi Over on Table 1, Sun Yingsha kickstarted her title defence with a complete performance, brushing aside Veronika Matiunina in dominant fashion (11-5, 11-6, 11-5, 11-7). The 2023 champ was facing a somewhat unknown quantity in Matiunina, taking on the rising star for the first time. But there was no huge shock to write home about as ShaSha delivered a professional display, sticking the landing in four games to move on through to the last 64. 'It's my first match in the Championships and my performance was within my normal range. I wasn't quite familiar with my opponent – I got to know who I was up against two or three days after my arrival. The most important thing that I need to do is to focus, upon which I have done a great job. I hope to be in my best form as the tournament progresses.' Sun Yingsha Japan's seventh seed Satsuki Odo began her championship with a confident 4-0 victory (11-5, 11-10, 11-8, 11-5) against Paulina Vega. South Korea's Shin Yubin delivered a decisive 4-0 (11-5, 11-7, 11-3, 11-3) result against Lisa Gear, while Li Yu-Jhun defeated Daniela Fonseca 4-0 (11-7, 11-8, 11-5, 11-5). In a more competitive encounter, Andreea Dragoman overcame Jinnipa Sawettabut 4-1 (11-5, 6-11, 11-6, 11-3, 11-7), to kickstart her campaign.
AsiaOne
08-05-2025
- AsiaOne
Man seeks apology from cyclist who slapped son after collision at Tampines junction, Singapore News
After his son was slapped in a road rage incident, this father isn't too keen on turning the other cheek. The father is now seeking an apology from a man who struck his 13-year-old son after the two — on bicycles — collided with each other at a traffic junction in Tampines, Shin Min Daily News reported on Thursday (May 8). The teenager was attempting to cross a traffic junction along Tampines Ave 7 and 12 last Friday (May 2) around 5.45pm, according to a video post of the incident uploaded to SG Road Vigilante's Facebook page the following day. Mid-crossing, the teen appeared to struggle with the bicycle and didn't seem to notice the oncoming adult cyclist approaching from the opposite end of the junction. While the adult cyclist managed to stop in time, the teenager did not and jerkily moved forward, colliding with the man. In response, the man abruptly slapped the teen, causing both of them to stumble briefly before they continued on their paths. Speaking with Shin Min, the teenager's father, surnamed Qiu (transliteration), shared on Wednesday that his son had cycled away because the crossing light was turning red. "My son was out riding a bicycle with his friends at the time," he recalled. "They were all scared afterwards, and my son's friends called me immediately to inform me of the situation." Having just gotten off work, Qiu took a taxi to the junction and saw that his son's left ear was red and swollen, he told the Chinese paper. "I immediately called the police and took my son to the hospital for a check-up. Fortunately, the doctor said that there was only bruising and it's nothing serious." Qiu stressed that the collision was an accident on his son's part, adding that the man didn't just slap his son, but also swore at him. He hopes to receive an apology from the cyclist. Qiu further revealed that his son had been left traumatised from the encounter and has been having nightmares, affecting his sleep. The teen had also fallen ill with fever as a result, requiring two days of medical leave from school, Qiu claimed. "I've found a psychologist and want him to receive counselling, but it's very expensive," said Qiu, who has advised his son not to go out alone if he's still fearful. Hoping to get a clearer picture of the man's face, Qiu told the Chinese evening daily that he'd tried to obtain CCTV footage of the incident from the management of a nearby condominium but was turned down. Responding to queries from AsiaOne, the police confirmed that a report has been lodged and that investigations are ongoing. [[nid:717607]] khooyihang@
CBS News
02-05-2025
- Business
- CBS News
Are Trump's tariffs just punishing China for being good at what it does?
Guangzhou, China — The annual Canton Fair in Guangzhou is China's largest import-export trade show. It covers a space equal to about 200 football fields and has been running since 1957 — when China's economy was isolated from the rest of the world. The country's leaders decided the expo, since formally named the China Import and Export Fair, was the best way to overcome trade obstacles imposed by the West and to drum up business investment and interest from overseas markets. In the almost seven decades since, China has transformed into the world's manufacturing powerhouse. But President Xi Jinping's government believes the U.S. is once again working to isolate China, through President Trump's tariff trade war, and that Washington will try to force other countries — and their consumers — to pick a side. Richard Qiu told CBS News it's simply unfair. Wearing a pale blue Ralph Lauren shirt, the businessman invited CBS News to sit down in his display booth at the Canton Fair for a chat. Surrounded by thousands of small fabric gift bags designed for everything from Christmas to Easter to birthdays, the fact that Qiu even quickly agreed to an interview was disarming; Every other Chinese businessperson we approached turned our camera away, wary of speaking with foreign media. His openness and warmth indicated a sense of ease with Westerners, and more importantly, his desire to tell his story about how external forces, completely out of his control, were affecting him and his livelihood. Qiu's Liaoning Perfect Import/Export Co. Ltd has been making gift bags for 20 years, and he has fostered strong relationships with his U.S. customers, who, in recent years, have made up 30-40% of his exports. He's traveled to the U.S. at least six times and says he loves the country: "It's about freedom, democracy, it's open and fair." "But this isn't fair," he said of the trade war sparked by President Trump's steep tariffs. "It makes me feel sick about the U.S. now." An overseas buyer visits the gifts and premium area of the second phase of the 137th Canton Fair, April 27, 2025, in Guangzhou, Guangdong Province, China. Chen Jimin/China News Service/VCG/Getty Mr. Trump insists his tariffs will, despite current economic pain in the U.S., bring manufacturing back to America and buoy the economy, reshaping the global trade system. But Qiu said it's about something else. He believes President Trump is punishing China for being the best at producing everyday products at affordable prices, and using that prowess to dominate the global market. "Our people are industrious, diligent, working hard to make the products good price, good quality, to sell all over the world. It's not our problem," he said. "I think it's your problem." Since Mr. Trump imposed 145% tariffs on all Chinese imports — though the White House later exempted smartphones and some other electronics from the levies — Qiu says his U.S. sales have ground to a halt. "U.S. buyers said, 'Richard you have to stop production; we have to cancel it.' I think 90% of my U.S. orders will be canceled." For years, the Canton Fair has been packed with American buyers looking to bring their customers back at home the best possible deals on offer. But this year, officials admitted to CBS News that the numbers are way down — another sign of President Trump's trade war taking hold. One American we did come across perusing the stalls in Guangzhou wasn't there to buy, but rather to research new products. "Tariffs are going to come down at some point and we need to be ready for it," Jonathan Scheerz who lives in Michigan, where he runs a homewares business, told CBS News. He said he got a lot of orders in for products from China before Mr. Trump's inauguration, because he was anticipating a trade war — but not like this. "I don't want to bring them in at the current tariff rate," he lamented. "It just doesn't work. It's too high, but I also don't believe it's going to last months and months." The optimism is based on his belief that no one does it better than China when it comes to offering so many different products at such low prices. "In my eyes, China produces what you want," Scheerz said. "Simple as that." But if the trade war does drag on, many business owners who spoke with CBS News off camera said they were prepared to take the pain. Qiu knows tough days are ahead. He's looking to diversify his export portfolio in Europe, but there's only so much the market can absorb, so it's uncertain times. "It's like a war, I think. Under a war, the most suffering is the people, no matter if it's the U.S. or China," he told CBS News. Qiu added, however, that over the course of China's history, the country has endured real hardship and pain, and he believes the Chinese people have the strength and fortitude to do it again. "If we do something unfair, I will not support the government, but it's your government — the U.S. government that's put unfair things on us, so we say, 'okay, we fight.'"
Yahoo
30-04-2025
- Yahoo
Residents of small California city were furious after fleet of about 70 RVs was illegally parked near homes
The unsuspecting residents of Wildomar watched in horror as battered luxury RVs, some covered in graffiti, began to show up. I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) From January to April, roughly 70 moved into a storage lot in the small city with a rural feel in Riverside County, California. Many in the quiet community were furious. "It's heartbreaking to see our quiet little rural town turn into a dumping ground," said Debbi Renfrow, Wildomar resident, to CBS News Los Angeles. The fleet has since been towed away. The city took out a warrant since the owner of the RVs did not have a permit to store them there, reported ABC7. City officials said the vehicles violated local zoning regulations and fire codes, according to LA Post. "I have not slept properly in months, and it was like Christmas arrived this morning. My husband and I literally opened the curtains to see code enforcement here, and we were like, 'It's like Santa's arrived,'" said Wildomar resident Jessica Hume to ABC7. Hume had complained about the smell of human feces coming from the parked vehicles in an interview with KCAL News. The owner of the RVs, Jack Hong Wei Qiu, told ABC7 he moved some of them to a property in San Bernardino County over the weekend, and he's waiting to see what the cost will be to recover the ones the city towed. Qiu isn't a stranger to complaints. In fact, the Black Series trailers were also recently removed from the city of Industry by authorities after they attracted squatters. Several of the vehicles even caught fire at one point. According to NBC4, several homeless people living in the vehicles in Industry claimed they paid rent to Qiu, which he denied. The saga of these Black Series RVs doesn't start in Wildomar. Instead, they first popped onto the public's radar back in 2024. At that point, they were parked in the city of Industry, where they attracted squatters. The squatters reportedly wreaked havoc on the RVs and the surrounding neighborhood. Wildomar residents didn't want their neighborhood to experience the same issues. 'I don't want to see this turn into the city of Industry. I don't want to see people in there and I don't particularly want a fire, that's the biggest scare because we are very dry out here,' Lynne Mayes, a Wildomar resident for over 40 years, said in an interview with NBC4. 'We have one fire truck here, this is a small town.' Mayes continued, 'Just because we are wide open and rural, it's not a welcome sign.' Read more: This hedge fund legend warns US stock market will crash a stunning 80% — claims 'Armageddon' is coming. Don't believe him? He earned 4,144% during COVID. Here's 3 ways to protect yourself Although the residents of Wildomar didn't witness squatters moving into the vacant RVs, the threat of a city of Industry situation repeating itself is unnerving. When RV encampments show up in any neighborhood, the homeowners face indirect financial consequences. First off, an ongoing presence of RV squatters in a neighborhood will likely pull property values down. After all, potential homebuyers likely don't want to purchase a house near a volatile situation like a homeless encampment. Beyond falling property values, homeowners may feel the need to spend more money on security. For example, they might opt to install an alarm system or build a sturdy fence to protect their property. Additionally, homeless encampments may also lead to increased insurance premiums. After all, insurance companies price policies based on risk. Insurers might raise premiums for nearby homeowners if there is a higher risk of fire or crime in a particular area due to an encampment. Los Angeles property owners were dropped by insurance companies or saw their rates skyrocket for this reason, according to a 2019 report from NBC4. For many homeowners, an RV squatting community showing up on their doorstep could lead to serious financial consequences. Although it's difficult for individuals to protect their property from this risk, actively involving your local government could protect your entire community. If the local government has the right rules on the books and makes the effort to enforce those rules, squatters in RVs won't be allowed to wreak havoc on your neighborhood's property values. Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
