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In 75 years, China has become increasingly prominent in driving global development: Global Times editorial

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BEIJING, Sept. 29, 2024 /PRNewswire/ — The 75th anniversary of the founding of the People’s Republic of China is a momentous occasion, not only for the over 1.4 billion Chinese people but also with global significance and historical importance. 

Over these 75 years, the journey of Chinese modernization has profoundly transformed China and influenced the world, truly realizing that “our work will be written in the annals of human history.” 

This year also marks the 70th anniversary of the Five Principles of Peaceful Coexistence. Amid a changing international landscape, China has steadfastly maintained an independent and peaceful foreign policy, upholding international fairness and justice. As China increasingly approaches global center stage, it continues to make new and greater contributions to the cause of peace and development for humanity.

Seventy-five years ago, when this ancient nation in the East opened a new chapter in its history, the world was just beginning to recover from the devastation of two wars. From a struggling agricultural country, China has evolved into the world’s second-largest economy, the world’s leading manufacturing power, the top trader of goods, and the holder of the largest foreign exchange reserves. This historical elevation in national strength matches China’s significant contributions to global development. 

From 1979 to 2023, China’s average annual contribution to global economic growth reached 24.8 percent, with an average of over 30 percent from 2013 to 2023. For 12 consecutive years, China’s outbound direct investment in foreign countries has ranked among the top three globally, holding over 10 percent of the global share for eight years. China’s “new three items” – electric vehicles, lithium-ion batteries, and solar cells – are facilitating the globe to accelerate their green and low-carbon transitions, while its infrastructure projects span over 190 countries and regions worldwide. Today, averagely speaking, China engages in approximately 80 million yuan ($11.4 million) worth of trade with the world every minute, invests approximately 112 million yuan abroad every hour, and attracts about 3.377 billion yuan in foreign investment daily. The development of China is intricately linked with global progress, achieving mutual success, and driving the world toward greater progress and prosperity.

A great nation with over 5,000-year-old civilization stands majestically in the East, as over 1.4 billion people stride forward on the path to modernization. Such a vast scale itself is one of the main powerful driving forces for the progress of the entire world and human society. The practices of Chinese modernization teaches us that development is the key to solving all problems. China has proposed the Global Development Initiative to support the development and revitalization of countries in the Global South. By the end of 2023, China’s direct investment in countries participating in the Belt and Road Initiative had exceeded $300 billion. Chinese companies have built the first ultra-high voltage direct current transmission line in the Americas, the first electrified railway, the first digital mine, and numerous infrastructure and livelihood projects in Africa, making an indelible contribution to global infrastructure construction.

From “seek knowledge even if you have to go as far as China” to “seek peace even if you have to go as far as China,” peace is a valuable public good that China offers to a turbulent world. Over the past 75 years, China has never initiated any war or conflict and has never occupied an inch of another country’s territory. In the face of numerous international security challenges, China has proposed the Global Security Initiative. It has mediated the reconciliation between Saudi Arabia and Iran, facilitated a historic reconciliation among Palestinian factions, and promoted a political resolution to the crisis in Ukraine. Today, China has become the second-largest contributor to the UN regular budget, the second-largest contributor to peacekeeping operations, and the largest troop-contributing country among the permanent members of the UN Security Council. China has always been committed to promoting world peace and development.

To leave behind achievements worthy of being engraved in world history, a nation and its people must not only be judged by their material accomplishments but also by the amount of spiritual wealth they have contributed. The latter often holds more profound significance than the former. 

In today’s world, where the destinies of nations are closely intertwined, China has proposed the Global Civilization Initiative, advocating cultural exchanges that transcend estrangement, mutual learning that transcends clashes, and coexistence that transcends feelings of superiority. It addresses significant questions, such as how different civilizations can coexist and where human civilization is headed, offering Chinese wisdom and solutions to promote cultural exchanges and the advancement of human civilization.

Over the past 75 years, China has demonstrated an uncommon empathy in the political arena of major powers throughout human history. From proposing the Five Principles of Peaceful Coexistence, emphasizing equality and non-interference in other countries’ internal affairs, to the new era’s initiatives like jointly building the Belt and Road Initiative, building a community with a shared future for mankind, and the promotion of solidarity and cooperation among the Global South, China has advocated that the sovereignty of all countries are equal regardless of size on global arena while showing respect and support for the development of other countries. 

China has provided the worldview of “shared future” and the methodology of “jointly building and win-win cooperation” for all mankind. This is rare in the history of human civilization and is urgently needed in today’s world. 

The 75-year journey through challenges has underscored the invaluable role China plays in global peace, development and progress. The modernization China has promoted, which embodies justice, openness, mutual benefit, people-first policies, diversity, inclusiveness, eco-friendliness, and peace and security, will only become more significant and valuable to the world as time progresses.

View original content:https://www.prnewswire.com/news-releases/in-75-years-china-has-become-increasingly-prominent-in-driving-global-development-global-times-editorial-302261976.html

SOURCE Global Times

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RD Technologies Secures US$7.8 Million in Series A1 Financing

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HONG KONG, Sept. 30, 2024 /PRNewswire/ — RD Technologies announced the successful completion of its Series A1 financing, securing US$7.8 million. In this funding round, RD Technologies has secured strategic investments from prominent industry players like HongShan, Hivemind Capital, Aptos Labs, Hash Global, SNZ Capital, Solana Foundation, Anagram, and Upward Capital. The capital injection will enable RD Technologies to continue building a financial platform that bridges the Web2 and Web3 worlds and continue to contribute to the development of the Web3 ecosystem in Hong Kong. 

RD Technologies announced on 18th July 2024 that its subsidiary, RD InnoTech Limited, has been admitted to the stablecoin issuer sandbox of the Hong Kong Monetary Authority (HKMA). Among the first batch of entities to join the sandbox, RD Technologies is set to test its operational plan for its Hong Kong Dollar stablecoin within the HKMA sandbox. RD Technologies’ other subsidiary, RD Wallet Technologies Limited, has been granted a Stored Value Facility (SVF) license issued by the HKMA and has officially commenced operations at the end of 2023. Leveraging the platforms and capabilities of its subsidiaries, RD Technologies is able to build a trusted and compliant financial platform and network.

This Series A1 financing marks a notable achievement following RD Technologies’ seed round completed in 2020. RD Technologies has consistently garnered strong support from its initial stakeholders, including ZhongAn Digital Asset Group Limited (ZhongAn Digital Asset), HashKey Group, Dragonfly, Bright Venture, and Eminent Vision. This brings strong ecological support to RD Technologies, such as HashKey Exchange, a regulatory-compliant trading platform, Web3 infrastructure including HashKey Chain, as well as ZhongAn Digital Asset’s custody and asset management capabilities. Relying on the support of shareholders with strong backgrounds in both Web2 and Web3, as well as an experienced team, RD Technologies aims to bridge the gap between Web2 and Web3 and promote Hong Kong’s establishment as a leading global Web3 hub.

“The legacy payment industry is ripe to be disrupted using blockchain technology and stablecoins to provide more efficient and cheaper cross-border payment networks. Hong Kong is leading the world in virtual asset regulation. We are confident that compliant and transparent stablecoins will invigorate the market and address the pain points of traditional payments and finance to bring in institutions and help Hong Kong become a global Web3 hub”, said Rita Liu, CEO of RD Technologies.

Stanley Huo, Partner and Head of Asia at Hivemind, said, “Hivemind is thrilled to support RD Technologies as they seek to lead the future of stablecoins and cross-border payments. We believe regulated stablecoins are a critical growth area in crypto, offering real product-market fit, particularly as global demand for regulated stablecoins rises among enterprises and institutions. In our view, RD Technologies’ strategic positioning – led by an experienced team under Dr. Norman Chan and Ms. Rita Liu, with the strong support from the key Web3 stakeholders in Hong Kong – uniquely equips them to be a dominant force in Asia’s evolving financial landscape.”

– Ends –

About RD Technologies:

RD Technologies Group (RD Technologies) is the financial platform that bridges the Web2 and Web3 worlds. It deploys innovative fintech to build a business world interconnected by trust. Based in Hong Kong and connected with the global community, RD Technologies was born out of a mission to enable businesses to gain easier access to financial services, enhance trade efficiency, and promote the development of Hong Kong as a trade hub in Asia and an international financial centre. For details: https://rd.group

Compliant and innovative solutions managed by subsidiaries under RD Technologies include:

RD Wallet: 

RD Wallet Technologies Limited (RD Wallet) is a licensed Stored Value Facility in Hong Kong (licence number: SVF0016). It enables global businesses to open multi-currency fiat accounts on mobile anytime, anywhere. RD Wallet is committed to facilitating cross-border trade and payments through efficient and innovative payment solutions for businesses, and contributing to the development of Hong Kong as a trade and financial hub in Asia. For details about RD Wallet: https://rd.group/products/wallet/

HKDR Stablecoin (HKDR):

HKDR Stablecoin (HKDR) is a trusted Hong Kong Dollar stablecoin 1:1 backed by the Hong Kong dollar, with high-quality and highly liquid assets safekept in segregated custody accounts with licensed financial institutions. Details of the reserves will be available to the public through regular independent attestation reports.  In July 2024, RD InnoTech Limited, the issuer of HKDR, was among the first batch of entities to be admitted to the stablecoin issuer sandbox by the Hong Kong Monetary Authority.  RD InnoTech Limited will abide stringently by the regulatory requirements for the launch of HKDR to contribute to the continuous development of Hong Kong as a global Web3 and virtual asset hub. For details about HKDR: https://rd.group/hkdr

View original content:https://www.prnewswire.com/news-releases/rd-technologies-secures-us7-8-million-in-series-a1-financing-302262314.html

SOURCE RD Technologies

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ACT21 Software’s Pankaj Gupta Wins ‘Entrepreneur of the Year – Financial Tech’

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NEW DELHI, Sept. 30, 2024 /PRNewswire/ — ACT21 Software is thrilled to announce that its Founder and CEO, Pankaj Gupta, has been awarded ‘Entrepreneur of the Year – Financial Tech 2024’ by Entrepreneur Media. This recognition honors Mr. Gupta’s innovative approach and leadership in reshaping BFSI technology with cutting-edge low-code and AI solutions.

Entrepreneur Media, a notable authority in recognizing entrepreneurial excellence in the Asia-Pacific region, has celebrated Mr. Gupta for spearheading ACT21 Software’s remarkable growth and impact. Under his guidance, the company has more than doubled its revenue in the past year. The software provided by ACT21 to leading BFSIs has empowered about 50 Lakh lives, establishing a strong foothold in the financial tech sector.

“I am deeply honored to receive the award Entrepreneur of the Year – Financial Tech 2024,” said Pankaj Gupta. “I express my heartfelt thanks to the jury at Entrepreneur Media, and I am immensely grateful to our clients, my dedicated team, and our partners. This achievement is a reflection of our collective effort to drive innovation and excellence in financial technology.”

Emphasizing cutting-edge solutions, ACT21 Software has been pivotal in delivering scalable and efficient SaaS platforms that improve financial institutions’ operations, augmenting their compliance and strategic capabilities.

About ACT21 Software:

ACT21 Software, headquartered in Noida, NCR, India, is a leading SaaS company reshaping BFSI tech with low-code, and AI-driven solutions. We empower financial institutions worldwide with comprehensive Business Process Automation to enhance efficiency, streamline operations, and drive data-driven insights, all while minimizing human intervention. 

Our suite of innovative products includes HyPerform, which optimizes incentives and increases sales by 30% through features like DIY capabilities and real-time analytics; Underwriter360, which enhances traceability and borrower experiences with smart automation, achieving a 5x conversion rate increase; and ImpaktApps, which facilitates rapid application development by converting ideas into impactful applications while cutting development costs by 50%. With a strong focus on improving productivity, reducing costs, and driving data-driven insights, ACT21 Software is dedicated to helping financial institutions thrive in an evolving technological landscape.

Our commitment to excellence and innovation positions us as the partner of choice for organizations seeking to optimize their processes and embrace the future of finance technology.

For more information, visit www.act21.io

Photo: https://mma.prnewswire.com/media/2518984/Award_ACT21.jpg

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/act21-softwares-pankaj-gupta-wins-entrepreneur-of-the-year—financial-tech-302262323.html

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The Global AI Defense Challenge 2024 Launched with Over $75,000 in Prizes

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SHANGHAI, Sept. 30, 2024 /PRNewswire/ — The Global AI Defense Challenge 2024, co-hosted by the China Society of Image and Graphics (CSIG), the Cloud Security Alliance Greater China Region (CSA GCR), and Ant Group, launched on September 7, with a total prize pool of more than 75,000 USD.

The competition focuses on defense strategies for the applications of large models. Technical experts, white-hat hackers, and other participants are invited to join this competition in two tracks:

Track 1: Vaccination for Text-to-Image Generative ModelsTrack 2: AI Identity Verification – Financial Certificate Tampering Detection

In Track 1, participants leverage various dynamic attack techniques, including target hijacking, scenario embedding, and logical nesting, to induce large models to generate problematic images, identify potential vulnerabilities, and enhance the security capabilities of large models. Participants joining Track 2 need to detect fake KYC(Know-Your-Customer) information in financial scenarios and address threats from deepfakes and AI-generated fake credentials.

This competition provides a dataset comprising more than 1 million fake credential samples. Participants need to develop and train models, evaluate their effectiveness using separate test datasets, and let their models to identify the possibility of data forgery.

The competition is being organized by Ant Security Lab, Alibaba Cloud, Tsinghua University, Shanghai Jiao Tong University, Zhejiang University, and other industry, academic, and research institutions, with the Shanghai Artificial Intelligence Laboratory serving as a technical advisor. The competition aims to facilitate collaboration between the academic and industry communities, exploring and addressing potential technical risks during the rapid development of large models and supporting the sustainable growth for the AI industry globally.

According to Wang Yaonan, an Academician of the Chinese Academy of Engineering and Chairman of the CSIG, the security and governance of AI systems are especially important in the era of large models, and potential risks in the software supply chain should be properly addressed. Nowadays, image and graphics technologies play a crucial role in various innovative applications of large models, leading to an increase in innovations in image recognition and security technologies. This competition is dedicated to exploring more innovative solutions to enhance the security of large models.

The judging panel for this competition comprises experts from both academic and industry communities. Wang Yaonan, and Yale Li, Chairman of the CSA GCR, are serving as the leading advisors for the competition. They are joined by nearly 30 renowned scholars from institutions including Tsinghua University, Shanghai Jiao Tong University, Shanghai Artificial Intelligence Laboratory, and the China Society of Image and Graphics to organize the competition and evaluate results.

Timeline (UTC+8):
09/06 – 10/20 Registration
09/18 – 10/31 Official Competition and Result Submission
10/31 – 11/02 Expert Evaluation
Early November (tentative) Results Announcement

Participants can register via the Alibaba Cloud Tianchi Big Data Intelligence platform, among others.

Global AI Defense Challenge

Track 1:Vaccination for Text-to-Image Generative Models
https://tianchi.aliyun.com/competition/entrance/532268?spm=a2c22.29524702.0.0.240b526etSlSFS&lang=en-us 

Track 2:AI Identity Verification – Financial Certificate Tampering Detection
https://tianchi.aliyun.com/competition/entrance/532267?spm=a2c22.29524702.0.0.240b526etSlSFS&lang=en-us 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/the-global-ai-defense-challenge-2024-launched-with-over-75-000-in-prizes-302262324.html

SOURCE Ant Group

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