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On March 23, 2026, the Ecology Foundation of the Russian Agricultural Bank launches a new season of the “Let’s Plant a Forest Together!” campaign.

Translation. Region: Russian Federation –

Source: Ecology Foundation

An important disclaimer is at the bottom of this article.

The Ecology Foundation of the Russian Agricultural Bank is launching a new season of the "Let's Plant a Forest Together!" campaign.

The Ecology Foundation of the Russian Agricultural Bank, together with the Ubirator Prosveshcheniye non-profit organization, announces the launch of the new season of the All-Russian wastepaper collection campaign "Let's Plant a Forest Together!" In 2026, the environmental initiative will expand its list of regions, inviting kindergartens and schools from 25 Russian cities to participate.

The campaign's goal is not only to give paper waste a second life, but also to transform it into living trees: all proceeds from recycling the collected waste paper will be used to restore the forest and plant trees in 2026.

The campaign will take place in several stages.

Applications will be accepted until April 30, 2026. Schools and kindergartens from cities where the project is present are invited to participate. The organizers will handle all logistics and informational support, assisting with preparation, providing methodological materials, and consulting participants at all stages. Ubirator, an efficient waste management service, will handle waste paper collection from educational institutions and deliver it to local recyclers.

The collected waste paper will be recycled, and the proceeds will go to the Ecology Foundation for forest restoration. In May 2026, the Foundation will conduct plantings and share a video report and coordinates of the locations where the new forest will emerge.

All participating institutions will receive certificates indicating the number of trees saved. The three most active classes will be awarded certificates for named tree plantings, as well as commemorative eco-friendly prizes – pens and badges made from recycled plastic.

Geography of the project in 2026:

Waste paper removal is carried out in the following cities: Moscow, Moscow region, Lipetsk, Chelyabinsk, St. Petersburg, Cherepovets, Kursk, Saratov, Smolensk, Orenburg, Voronezh, Kazan, Vologda, Belgorod, Tula, Rostov-on-Don, Ivanovo, Izhevsk, Krasnodar, Perm, Penza, Ryazan, Kostroma, Irkutsk, Tyumen.

Development of environmental education among young people

The initiative to engage young people in wastepaper collection has already proven its effectiveness and relevance. Over the two years of the campaign (2024 and 2025), participants collected 29.7 tons of wastepaper, which resulted in the planting of over 600 trees.

"The 'Let's Plant a Forest Together' campaign isn't just a wastepaper collection, but a visual lesson in caring for nature. We want to demonstrate that even a small contribution from each class or kindergarten adds up to actual hectares of saved forest. We're especially grateful that more and more children and educational institutions are joining the campaign each year, and the volume of wastepaper collected and, consequently, trees planted is growing. This year, we've increased the number of participating cities to 25, which means we expect the number of people involved in the project to grow," notes Elmira Morozova, Director of the Ecology Foundation at the Russian Agricultural Bank.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Middle East countries deeply concerned about consequences of war – special envoy

Translation. Region: Russian Federation –

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

An important disclaimer is at the bottom of this article.

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

BEIJING, March 23 (Xinhua) — Middle Eastern countries are deeply concerned about the impact of the war and call for an immediate ceasefire, Chinese government special envoy for the Middle East Zhai Jun said at a briefing on Monday after his visit to the region.

Zhai Jun noted that he recently visited several countries in the region, including Saudi Arabia, the UAE, Bahrain, Kuwait and Egypt, and held in-depth exchanges of views on the situation in the region with their foreign ministers and the secretaries-general of the Gulf Cooperation Council and the Arab League.

Zhai Jun said he also had a detailed conversation with the Iranian side.

Noting that his visit took place during a period of escalating war, Zhai Jun said that Middle Eastern countries stressed that non-military targets, especially vital infrastructure and energy infrastructure, should not be subject to unjustified attacks, and that the lives and safety of ordinary people must be protected.

"All parties oppose the closure of the Strait of Hormuz, believing it is vital to global energy security and supply chain stability. Its continued closure would lead to unbearable consequences for everyone," he said.

The countries of the region recognize that Iran is a neighbor they cannot abandon. They welcome Iran's statement that it will not attack neighboring countries and call for resolving differences through dialogue and negotiations, the special envoy said.

Regional countries appreciate China's fair position on the current situation and its continuous diplomatic mediation since the conflict began, he said, adding that they expect China to play a more active role in ensuring de-escalation.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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A Step into the Future: IPMEiT Day at the Polytechnic Institute of Secondary Vocational Education

Translation. Region: Russian Federation –

Source: Peter the Great St. Petersburg Polytechnic University –

An important disclaimer is at the bottom of this article.

The Institute of Secondary Vocational Education at SPbPU held an IPMEiT Day. The event brought together ISPO students and representatives of the Institute of Industrial Management, Economics, and Trade. ISPO students learned about the program's program offerings, their practical focus and competitive advantages, the educational environment, and career prospects. They were also able to ask questions about admission and education.

Daria Shevchuk, one of the meeting's organizers, welcomed the participants. She introduced the structure of IPMEIT, discussed the undergraduate and specialist degree programs, the curriculum, and graduate employment opportunities.

Maxim Ivanov, Deputy Director for Advanced Projects and Youth Policy at the Institute of Economics, Management, and Telecommunications, introduced students to the institute's extracurricular activities. He spoke about student associations, city-wide and university-wide projects, emphasizing that participation in these activities helps develop leadership skills and professional competencies.

The meeting focused on a practice-oriented approach to education. A series of "professional auditions" were also held by representatives of the Institute of Industrial Management and Telecommunications (IPMEIT) higher education institutions. Ivan Volchkov, Assistant Professor at the Higher School of Industrial Management, conducted a master class on "Fundamentals of Production Logistics," where students were introduced to the principles of lean manufacturing and supply chain management. Students from the Institute of Industrial Management and Telecommunications (ISPO) were introduced to the "Production Process Factory" training and practical laboratory, where modern logistics systems and digital management solutions are simulated.

The Higher School of Service and Trade organized the intellectual game "Tourism Olympus" in a "Joint Game" format. Students worked in teams and answered questions on geography, travel, and the tourism industry, solved logic puzzles, and learned more about professions in tourism and hospitality. The game was led by Anna Karmanova, Associate Professor at the Higher School of Service and Trade and Head of the Service Program, and Ekaterina Tatyanina and Alexandra Skripkina-Kibas, second-year students in the Service and Hotel Management programs.

Ekaterina Ryabizo and Anna Maksimova, specialists from the Higher School of Public Administration, invited students to try their hand at urban planning supervision. Teams developed concepts for urban facilities, determined their locations, and substantiated their compliance with regulatory requirements, presenting their findings in the form of a "facility passport."

Vadim Shabunin, a Master's student at the Higher School of Business Engineering, led a master's class, "What is Business Analytics." He introduced ISPO students to the fundamentals of business analysis. The master class served as a first step toward a career as an analyst. The students learned about the key responsibilities of a business analyst, their interaction with artificial intelligence, and tried their hand at modeling business processes.

Another interactive format was the economic game "The Economy of Goodness in Action," led by first-year students majoring in Economics at the Higher School of Engineering and Economics, Daniil Velichko and Yegor Skidanenko. They presented their own quiz. "Economic Problem" and "Guess the First Time" allowed ISPO students to demonstrate not only their professional competencies but also their resourcefulness, sense of humor, and teamwork skills.

"It's important for us not only to share information about the programs offered at the Institute of Mechanics, Economics, and Technology, but also to provide ISPO students with the opportunity to explore various professional roles. This format helps them better understand their future specialty, recognize its practical significance, and make an informed choice of educational path," noted Maxim Ivanov, Deputy Director for Advanced Projects and Youth Policy at the Institute of Mechanics, Economics, and Technology.

The IPMEiT Day at ISPO was held in an interactive format and friendly atmosphere, allowing students not only to broaden their understanding of future educational opportunities at Peter the Great St. Petersburg Polytechnic University but also to gain first-hand experience in a variety of fields—from public administration to business analytics and logistics.

ISPO students were able to try themselves in a variety of professional roles. "We strive to ensure that every day spent at the university brings students closer to their future careers," noted Irina Zaychenko, Head of the Educational Programs Directorate.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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The 4th National Scientific and Technical Conference "Prospects of Modern Construction" has opened at St. Petersburg State University of Architecture and Civil Engineering.

Translation. Region: Russian Federation –

Source: Saint Petersburg State University of Architecture and Civil Engineering –

An important disclaimer is at the bottom of this article.

On March 23, the 4th National (All-Russian) Scientific and Technical Conference "Prospects of Modern Construction" opened at the Saint Petersburg State University of Architecture and Civil Engineering. The event will run through March 26 and bring together young scientists, faculty, graduate and postgraduate students, and representatives of the construction industry.

The conference aims to develop research and experimental-applied activities in the field of modern construction, as well as to foster professional dialogue between the academic community and industrial partners.

A platform for discussing industry challenges

Andrey Nikulin, Dean of the Faculty of Civil Engineering and Chairman of the Organizing Committee, addressed the participants with a welcoming address. He noted that the conference is a response to the current challenges facing the construction industry and emphasized the importance of consolidating the scientific and professional communities.

"Problems will always exist. Solving them is why we gather at conferences like these," said Andrei Nikulin.

Particular attention was paid to the university's role in training personnel: today, SPbGASU remains one of the key centers for training specialists in the construction industry, determining its development both in the Northwest region and in Russia as a whole.

In his speech, Vice Rector for Research Evgeny Korolev emphasized that the construction industry's challenges are directly linked to the country's national priorities. These include implementing lean construction principles, improving energy efficiency, reducing construction waste, and developing new materials and technologies. According to the Vice Rector, "the more people involved in solving a problem, the faster and more effectively we can achieve results."

Interaction between science and practice

A key feature of the conference was the active participation of representatives from the professional community. In their welcoming speeches, they noted that such events contribute to the formation of a unified professional space where both scientific approaches and practical solutions are discussed.

Representatives of industry associations emphasized that the construction industry remains relatively conservative, but young professionals and researchers are capable of driving change. Participants were encouraged to more actively promote their developments not only within the scientific community but also within the professional community.

Focus on youth and scientific results

One of the key features of the 2026 conference was the increased role of young scientists. A competitive presentation program was introduced for the breakout sessions, with the best presentations awarded diplomas.

Conference proceedings will be published in collections indexed in the Russian Science Citation Index (RSCI). Furthermore, the most significant studies are recommended for publication in highly ranked scientific journals.

Modern technologies and new approaches

The plenary session featured presentations on current development trends in the industry. Specifically, the following topics were discussed:

Digitalization of building inspection processes and the creation of structured databases; the implementation of building information models (BIM); the use of artificial intelligence in construction project management; and methods for assessing the reliability of construction projects based on international experience.

Participants focused on the transition from traditional forms of data presentation to digital tools that can significantly improve the efficiency of engineers and designers.

A broad scientific agenda

The conference will continue in the format of breakout sessions on key areas of construction science, including:

architectural and construction structures; geotechnics; reinforced concrete, metal and wooden structures; construction organization; structural mechanics; building materials technology; technosphere safety.

The "Prospects of Modern Construction" conference is held annually and has become an important platform for knowledge sharing, discussing current industry issues, and fostering scientific and professional connections.

Exhibition

The conference also opened the "Safety in the Construction Industry" exhibition, which showcased modern solutions and technologies aimed at improving occupational safety in construction.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Classicalmusicnews.ru: Ariadna on Voznesensky.

Translation. Region: Russian Federation –

Source: Melody – An important disclaimer is at the bottom of this article.

Firma Melodiya is releasing a concert recording of the program performed at St. Andrew's Anglican Church.

Melodiya and the Apriori Arts agency continue their collaboration and release an album from the Melodiya Apriori series. The 11th Opera Apriori Vocal Music Festival concert took place on September 22, 2025, at St. Andrew's Anglican Church. The program was prepared to commemorate the anniversary of the festival's founder, producer, and director, Elena Kharakidzyan.

"For a producer to release a second album in the 2025/26 season, six months apart, sounds almost unbelievable, but it's a fact. 'Ariadna' is more than just a concert program for me, opening the festival's 11th season," shares Kharakidzian. "It is the quintessence of my creative vision, perfectly executed and exquisitely performed by amazing singers and musicians."

The main theme of the evening was the myth of Ariadne. This girl was the daughter of the Cretan king Minos and lived in the Palace of Knossos—the labyrinth in which her half-brother, the Minotaur, was imprisoned. Theseus escaped the Minotaur and was able to escape the labyrinth thanks to Ariadne.

The album's program spans nearly 400 years of musical history—from the late Renaissance to the present day—and consists of premieres and rarely performed pieces. Vladimir Zisman, the author of the annotation, writes: "Four female monologues—three cantatas and a long aria, in which Ariadne addresses the imaginary image of Theseus, who abandoned her—are structurally linked into a single tangle of instrumental pieces."

In the first part of the album, the musicians tune to 415 Hz, a scale used in the Renaissance and Baroque eras. In the second, along with the sound of a modern piano, they switch to 440 Hz.

Only female voices are heard on stage—Ariadna seems to "speak" on her own. We see Ariadnas from different eras, the first of which is by Rust Pozyumsky, a contemporary composer and performer on period instruments. In his reminiscence cantata, Ariadna recalls her happiness with Theseus. This piece is being performed and recorded for the first time. Pozyumsky was inspired by the music of Claudio Monteverdi, the composer of the first known work about Ariadna.

Maren Mare's Chaconne, a hit of its time, performed on the viola d'amore (Sergey Poltavsky), theorbo (Asya Grechishcheva), and viola da gamba (Rust Pozyumsky), was the Russian premiere. Another Russian premiere, a cantata by Francesco Mancini, is performed by Dilyara Idrisova, soloist of the Bashkir Opera and Ballet Theatre and one of the stars of Baroque music today. Beginning with Nikolai Sidelnikov's "Ariadne's Dance" (Yuri Favorin, piano), the tuning changes to a modern 440 Hz.

The operatic—or near-operatic—movement is represented by Joseph Haydn's little-known cantata "Ariadne auf Naxos," performed by mezzo-soprano Karina Demurova, a singer with an international career, and Yuri Favorin, and Richard Strauss's opera of the same name. Excerpts from Strauss's opera are performed by Bolshoi Theatre soloist Albina Latipova, Yulia Igonina (violin), Sergei Poltavsky (viola), and Yuri Martynov (piano).

Classicalmusicnews.ru, March 20, 2026

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Russian-Vietnamese negotiations.

Translation. Region: Russian Federation –

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

Mikhail Mishustin held talks with Prime Minister of the Socialist Republic of Vietnam Pham Minh Tinh. Mishustin: Good afternoon, dear friends! I warmly welcome you, Mr. Pham Minh Tinh. Welcome to the Government House of the Russian Federation.

First of all, I would like to ask you to convey our warmest greetings and best wishes to the General Secretary of the Central Committee of the Communist Party of Vietnam, Comrade To Lam, and the President of Vietnam, Comrade Luong Cuong.

I fondly remember meeting them during my visit to Hanoi last January.

I would like to take this opportunity to congratulate you and all our Vietnamese friends on the successful holding of the 14th Congress of the Communist Party of Vietnam, as well as the recent elections to the National Assembly of Vietnam. The Supreme Party Forum approved strategic objectives to accelerate Vietnam's socioeconomic development. I am confident that these goals will be achieved.

We sincerely value friendly Russian-Vietnamese relations, based on the principles of a comprehensive strategic partnership, mutual respect, and consideration of each other's interests.

Through our governments, we ensure the effective implementation of agreements reached at the highest level. We are already implementing the Comprehensive Plan for Cooperation between Russia and Vietnam until 2030. As a reminder, it was approved in Hanoi last January.

We place particular emphasis on expanding trade and economic cooperation. We propose continuing our joint efforts to increase mutual trade turnover and diversify its structure.

We also see our common goal in creating favorable conditions for the growth of mutual investment and the launch of new projects in industry, energy, transport infrastructure, agriculture, and many other areas.

Following today's negotiations, an intergovernmental agreement was signed on the construction of the first nuclear power plant in Vietnam.

The creation of a nuclear power plant will provide a powerful impetus to the development of cooperation in related fields – high technology, fundamental and applied scientific research.

I am confident that this project will become a new symbol of Russian-Vietnamese friendship.

In the oil and gas sector, following intergovernmental agreements, Zarubezhneft and PetroVietnam have signed agreements that will enable the practical implementation of projects to develop oil fields in Russia and Vietnam.

We place particular emphasis on strengthening humanitarian ties. Russian Culture Days are currently taking place in Vietnam. We are delighted that many generations of Vietnamese know and love Russian culture and art.

Vietnamese resorts are popular with Russian tourists. We continue to create favorable conditions for further increasing mutual tourist flows.

Dear Comrade Pham Minh Tinh, I look forward to discussing with you the most pressing issues on the Russian-Vietnamese agenda. It is my pleasure to hand the floor over to you.

To be continued…

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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As long as the conflict continues, China will not stop its efforts at diplomatic mediation in the Middle East – special envoy

Translation. Region: Russian Federation –

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

An important disclaimer is at the bottom of this article.

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

BEIJING, March 23 (Xinhua) — China will not stop its diplomatic mediation efforts as long as the conflict continues, Chinese government special envoy for the Middle East Zhai Jun said on Monday.

As he noted at a press conference, the Chinese people view peace as the highest value, and the basis of China's policy towards the Middle East is precisely promoting reconciliation and peace in the region.

According to him, more than 21,000 people have already been killed or wounded as a result of the war. The fighting is engulfing the entire Middle East region and is dealing a serious blow to global trade and the economy.

"Once Pandora's box is opened, it will lead to catastrophic consequences. If the fighting continues, there will be no winners, and ultimately, only the peoples of the region will suffer," he added.

Zhai Jun said that as a responsible major country and a sincere friend of countries in the Middle East region, China will maintain close communication and coordination with all parties involved, help reduce tensions, pave the way for a ceasefire, build bridges for the resumption of dialogue, and make unremitting efforts to achieve peace and stability in the Middle East. -0-

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Chairman of the NPC Standing Committee Zhao Leji met with the delegation of the Mongolian People's Party

Translation. Region: Russian Federation –

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

An important disclaimer is at the bottom of this article.

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

BEIJING, March 23 (Xinhua) — Zhao Leji, Chairman of the Standing Committee of the National People's Congress (NPC), met in Beijing on Monday with a delegation led by Nyam-Osoryn Uchral, Chairman of the Mongolian People's Party and Chairman of the State Great Khural (parliament).

Zhao Leji, also a member of the Standing Committee of the Politburo of the Central Committee of the Communist Party of China, said that under the strategic guidance of the two heads of state, the China-Mongolia comprehensive strategic partnership is steadily advancing towards building a community of shared future based on peaceful coexistence, mutual assistance, cooperation and win-win results.

China is willing to work with Mongolia to implement the important agreements reached by the two heads of state, strengthen strategic mutual trust, continue to take into account each other's core interests and major concerns, strengthen legislative exchanges, deepen mutually beneficial cooperation, promote friendship between the two peoples, and strengthen multilateral coordination, he added.

During the meeting, Zhao Leji also introduced the Mongolian guests to the practice of people's democracy in the entire process in China.

Nyam-Osoryn Uchral, in turn, stated that developing long-term, stable, and friendly relations with China based on mutually beneficial cooperation is a consistent course of Mongolia's foreign policy. The State Great Khural of Mongolia intends to expand exchanges and contacts with the NPC and is ready to facilitate the continued development of practical cooperation between the two countries.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Xi Jinping called for efforts to build Xiong'an New Area into a bastion of innovation and a model of high-quality development (detailed version-1)

Translation. Region: Russian Federation –

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

An important disclaimer is at the bottom of this article.

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

XIONG'AN, HEBEI PROVINCE, March 23 (Xinhua) — Xi Jinping, general secretary of the Communist Party of China Central Committee, on Monday called for efforts to build Xiong'an New Area in north China's Hebei Province into a bastion of innovation in the new era and a benchmark for promoting high-quality development.

Xi Jinping, also China's president and chairman of the Central Military Commission, inspected the Xiong'an New Area on Monday, where he presided over a symposium to vigorously promote high-quality construction and development in the area. -0-

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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China aims to use capital markets to spur technological innovation

Translation. Region: Russian Federation –

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

An important disclaimer is at the bottom of this article.

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

BEIJING, March 23 (Xinhua) — China plans to use its capital markets to support a new generation of high-tech startups by launching long-term financing, national mergers and acquisitions funds, and ChiNext, a Chinese exchange market for emerging and developing companies similar to the U.S. Nasdaq.

The measures are included in the 15th Five-Year Programme, published this month, and aim to use financial instruments to support the technology sector over the next five years.

THE LONG GAME

At the core of this initiative is a commitment to “patient capital” – long-term financing instruments designed to match the decade-long development cycles of emerging technologies such as quantum computing, nuclear fusion, and brain-machine interfaces.

The idea of supporting “patient capital” was first voiced by the Politburo of the CPC Central Committee in April 2024 and is now enshrined in the new five-year plan.

Last Saturday, the northern Chinese industrial hub of Tianjin unveiled plans to launch two proof-of-concept funds with a combined capacity of approximately 50 million yuan (approximately $7.26 million). Designed with a 15-year investment horizon, these instruments are intended to channel private capital to finance early-stage university innovations still in their infancy in laboratories.

Sovereign wealth funds are being asked to lead by example. Shanghai State-owned Capital Investment Co., Ltd. (SSCI) has established a fund of funds (FOF) focused on integrated circuits, biomedicine, and artificial intelligence, selecting underlying funds with 15- or 20-year terms to ensure long-term commitments.

“Our position is to invest early, in small amounts, for the long term, and in complex technologies,” said SSCI Chairman Yuan Guohua.

Major economically dynamic regions in China, such as Beijing and Shanghai, have already established dedicated funds to support sustainable, long-term capital deployment in sectors that address complex technology challenges.

Last December, China established a national venture capital fund as part of its efforts to mobilize more patient capital for innovation and future industries, with at least 70 percent of its funds earmarked for seed-stage or early-stage companies.

This month, Chinese authorities proposed a package of measures to better align the science and technology insurance system with technological innovation. For small and medium-sized science and technology enterprises, insurers are encouraged to offer simpler and more accessible products with easier access and convenient claims procedures.

Merger Fund

To better provide capital to new entrepreneurs, China plans to set up a mergers and acquisitions fund this year /M

"This move addresses a key issue the industry has faced for years," said Zhang Yichen, Chairman and CEO of CITIC Capital. He noted that in mature markets, only 20-30 percent of primary market exits occur through IPOs, with the vast majority occurring through mergers and acquisitions.

As Yang Chengzhang, chief economist at the Shenwan Hongyuan Securities Research Institute, noted, in complex industrial ecosystems such as smartphones, smart vehicles, and humanoid robots, many innovative companies never grow into independent giants. "Instead, they become crucial components of a broader supply chain, merging with anchor companies through mergers and acquisitions."

M Foundation

Wu Yibing, head of Temasek's China operations, noted that the Chinese market is currently characterized by a "two-wheel drive" dynamic consisting of the flywheel of innovation and the wheel of mergers and acquisitions.

GOVERNMENT REFORM

The reforms also extend to the listing markets themselves. Earlier this month, at a press conference, China Securities Regulatory Commission Chairman Wu Qing announced that an additional set of "more targeted and inclusive" standards for regulating stock listings on the ChiNext exchange would be introduced soon.

Active support for listing shares on the ChiNext platform will be provided to high-quality, innovative and entrepreneurial companies operating in the areas of new types of consumption and in the modern services sector.

The reform measures also include pre-IPO screening for enterprises that have achieved breakthrough developments in key technologies, allowing eligible companies to increase capital and shareholdings for existing shareholders, and optimize pricing mechanisms for issuing new shares.

The ChiNext reform plan reflects a shift from a “P/E ratio-oriented thinking” to a “value discovery-oriented thinking,” which is expected to accelerate the flow of medium- and long-term capital into new-quality productive forces, according to Tian Lihui, director of the Institute of Financial Development at Nankai University.

The high-quality development of a “science and technology platform” in the bond market was also included in China’s five-year roadmap.

“A healthy stock and bond market can automatically channel capital into the most dynamic and promising sectors through market pricing mechanisms,” said Li Zhan, chief economist at China Merchants Fund Management’s research department.

In addition, China's five-year plan aims to make it more convenient for foreign capital to make equity and venture investments in the country. -0-

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.