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We should cherish and protect the precious market confidence: Global Times editorial

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BEIJING, Oct. 8, 2024 /PRNewswire/ — How will China’s economy perform next? During the National Day holidays that just passed, observers both at home and abroad not only paid their attention on the popularity of holiday tourism, but also held unique expectations for China’s economic performance. A series of proactive measures since late September have stimulated market optimism and promoted the rapid warming of the stock and property markets. On the first day after the holidays, the State Council Information Office will hold a press conference to brief on the “systematic implementation of a package of incremental policies aimed at solidly promoting the upward structural improvement of the economy and the continued improvement of the development trend.” People can clearly feel that confidence in the Chinese economy is genuinely and steadily increasing.

In response to the surge in new account openings in the securities market during the National Day holidays, the Shanghai Stock Exchange announced it will extend the acceptance time for designated trading order instructions starting from October 8. With the intensive release of new real estate policies in many places, sales of commercial housing have increased significantly. “The coffee machine has reached the upper limit of cup output” at a housing sales office in Guangzhou; many overseas institutions, including Goldman Sachs, HSBC, and Citigroup, are optimistic about the positive impact of the policy on the market… “Exceeding expectations” has become a high-frequency phrase in many market research reports, which is actually reasonable. They once again confirm a significant judgment: The fundamentals of the Chinese economy and favorable conditions, such as a vast market, strong economic resilience and great potential, have not changed.

China’s economy has a solid and stable foundation, and the current trend of high-quality development runs deep. Although data such as stock market statistics, investment returns and consumer demand reflect relatively short-term and superficial conditions, they directly indicate confidence in the economy. The global economy has not yet emerged from its downturn, and geopolitical conflicts have further complicated the situation. International hot money has adopted a wait-and-see attitude, and the economic competition among major countries has, to some extent, become a tug of war of confidence centered around economic narratives. The immediate effects of this round of policy adjustments in specific areas demonstrate that we still have sufficient tools in our toolbox under the current circumstances. China remains one of the fastest growing, most stable and predictable major economies in the world.

Confidence is more precious than gold. After experiencing the impact of both internal and external complicated factors in recent years, people deeply feel the preciousness of confidence. How to maintain and further effectively enhance confidence remains a priority. We must realize that many problems cannot be solved overnight. In addition to fostering short-term confidence, we also need to build a solid foundation for long-term confidence. In fact, the recent rise in stock market enthusiasm is influenced by a certain degree of market conformity psychology, but more importantly, it reflects society’s expectation that the Chinese stock market can truly achieve a healthy “long bull” market. The steady pace of high-quality medium- to long-term development of the Chinese economy serves as the fundamental support for realizing the prospects of a “long bull” market. 

The fundamental goal of China’s development is to enable its people to live better lives. From crowded tourist attractions to the popularity of exchanging old consumer goods for new ones, these phenomena reflect the people’s pursuit of a better life. The rapid increase in confidence in economic growth in the short term is largely due to the policies introduced by the Central Committee of the Communist Party of China, which embody a “scenario-based” approach and respond to the public’s expectations for stabilizing the housing market and the stock market – stability in the housing market represents a scenario of “safe and happy living,” while stability in the stock market signifies a scenario of “profitable investment.” For various regions and departments, the next important step is to implement the decisions and deployments of the Central Committee of the CPC, further deepen the policies and measures that aim at stabilizing expectations and enhancing confidence, and promote a sustained recovery and improvement in the economy. As economic expectations continue to improve, market and investor confidence will be maintained.

The Chinese economy has shifted from a phase of rapid growth to a phase of high-quality development. This process itself will bring certain growing pains, but we have already seen more opportunities and broader prospects emerging on the new track. For example, the emerging economy represented by the “three news” – new industries, new business formats, and new business models – is continuously developing, and the formation of new quality productive forces is accelerating. This has become an important driving force for economic transformation and upgrading, as well as for enhancing economic vitality. In the new situation, we must prioritize action, unite our efforts, and solidly promote transformation and upgrading. By overcoming these challenges, China’s economy can steadily advance on the path of high-quality development.

Chinese people often say, “Every obstacle is difficult, but we will overcome each one; there are always more solutions than difficulties.” With the further strengthening of macro policies, and the optimization of the investment and business environment, a positive interaction between industrial upgrading and employment growth, as well as between financial investment and the real economy, will take shape. This will create a vibrant atmosphere for entrepreneurs and investors to engage in business and innovation. From 1979 to 2023, China’s average contribution to global economic growth has ranked first in the world. This story is far from over; the future will continue to be written. Believing in and investing in China is an investment in the future.

 

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SOURCE Global Times

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Gansu Jinchang Accelerates Grid Connection of Green Power Projects via Full-Process Customized Services

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July 27, 2026

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JINCHANG, China, July 27, 2026 /PRNewswire/ — Recently, for the integrated photovoltaic and charging pile project developed by Gansu Ludong New Energy Technology Co., Ltd., State Grid Jinchang Power Supply Company has proactively catered to corporate demands and assigned exclusive account managers to deliver one-on-one full-cycle customized services throughout the project preparation phase.

In the business processing stage, leveraging integrated online and offline service channels, dedicated managers have assisted the enterprise in completing document submission and scheme approval procedures, greatly cutting administrative processing time. During construction, power supply professionals have conducted multiple on-site technical guidance sessions. In strict accordance with grid connection safety standards, they guided equipment installation and line layout, inspected operating parameters of core devices including inverters and anti-isolation equipment, and rectified non-standard construction practices to ensure the project fully meets grid access quality requirements. At the grid acceptance stage, the company coordinated professional teams from marketing, operation and maintenance departments to conduct joint inspection and verification. It completed equipment commissioning, data access and grid power supply in one go, enabling immediate grid connection and operation upon project completion and significantly shortening the full commissioning cycle.

Adopting an operation mode of self-consumption of photovoltaic power generation with surplus electricity supplied to charging piles, the integrated project will generate approximately 280,000 kWh of clean power annually after operation, equivalent to reducing around 220 tons of carbon dioxide emissions per year. The project serves as a notable demonstration for Jinchang’s advancement of green and low-carbon energy transition and the diversified application of photovoltaic plus scenarios.

View original content:https://www.prnewswire.com/apac/news-releases/gansu-jinchang-accelerates-grid-connection-of-green-power-projects-via-full-process-customized-services-302834997.html

SOURCE State Grid Jinchang Power Supply Company

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ChainUp Named to CNBC & Statista World’s Top Fintech Companies 2026 List

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July 27, 2026

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Global evaluation recognizes ChainUp’s institutional digital asset infrastructure, international compliance standards, and operational scale.

SINGAPORE, July 27, 2026 /PRNewswire/ — ChainUp, a global provider of digital asset technology infrastructure, has been named to the CNBC World’s Top Fintech Companies 2026 list in the Digital Assets category.

Co-published by business news network CNBC and global market research firm Statista, the index recognizes technology providers driving the future of financial services. The 2026 ranking was derived from an independent evaluation of more than 3,500 companies and 25,000 data points worldwide, assessing revenue performance, operational footprint, regulatory compliance records, and continuous technical innovation.

ChainUp’s recognition reflects a broader industry shift as financial institutions, asset managers, and enterprise operators increasingly prioritize institutional-grade compliance and reliable infrastructure over market speculation.

Delivering Unified Digital Asset Infrastructure to Set the Operational Standard for Institutional Finance

As digital asset markets align with traditional capital markets, institutions face growing pressure to replace fragmented software with unified, enterprise architecture. ChainUp addresses this shift by providing a modular technology stack across the full digital asset lifecycle—consolidating crypto exchange and prediction markets infrastructure, institutional Staking-as-a-Service, non-custodial MPC infrastructure, real-world asset (RWA) tokenization, payment rails, and real-time compliance controls within a single governance framework.

To support advancing market requirements, ChainUp also integrates purpose-built AI capabilities designed to maximize platform stickiness and elevate the end-user experience. From intelligent order routing and automated liquidity optimization to security-first AI frameworks for risk management, these tools empower operators to deliver friction-free, highly engaging workflows that retain active traders and drive long-term client loyalty.

Underpinning this platform is an operational framework aligned to international security standards, including a SOC 2 Type II report and ISO/IEC 27001 certification. ChainUp’s platform has supported over 700 enterprise clients across 30 countries—serving an ecosystem of more than 60 million end-users while maintaining a 99.99% service uptime.

“Being recognized by CNBC and Statista marks an important milestone as our industry matures toward long-term operational accountability,” said Chung Ho, President & Chief Operating Officer of ChainUp. “Our focus remains on building enterprise-grade systems that withstand rigorous regulatory standards. As global capital markets evolve, we are committed to strengthening our governance frameworks and delivering the scalable, intelligent architecture required by institutional clients worldwide.”

About ChainUp

Founded in 2019 and headquartered in Singapore, ChainUp is a global leader in digital asset technology infrastructure. Powering over 700 enterprise clients across 30 countries, ChainUp delivers a unified enterprise stack spanning crypto exchange and prediction markets infrastructure, institutional Staking-as-a-Service, MPC custody, RWA tokenization, and KYT compliance analytics. Operating under SOC 2 Type II and ISO 27001 security certifications, ChainUp provides the scalable, compliant architecture required by modern financial institutions. Learn more at www.chainup.com.

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F1R3FLY Joins the Tata Consultancy Services Alliance Ecosystem, Bringing Concurrent, Mathematically Secure Computing to TCS’s Global Enterprise Client Base

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July 27, 2026

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LONDON, July 27, 2026 /PRNewswire/ — F1R3FLY Limited (“F1R3FLY”), the London-headquartered developer of the rho-calculus concurrent-computing platform, announced that it has joined the Tata Consultancy Services (“TCS”) Alliances and Partnerships ecosystem. TCS and F1R3FLY will collaborate to deploy F1R3FLY’s concurrent computing on TCS SovereignSecure Cloud™, addressing the growing requirements of enterprise cloud data asset security and compute infrastructure.

F1R3FLY joins TCS’ partner ecosystem as a specialist technology partner contributing a fundamentally new computing architecture: concurrent, mathematically secure with its “correct by construction” code composition and built for the throughput demands of AI-era enterprise workloads and the rising challenges of cyber security, across multiple industries and sectors.

Key focus is also the joint proposition of TCS SovereignSecure Cloud and F1R3FLY’s distributed ledger architecture to address the growth of tokenized and immutable financial transactions.

Why F1R3FLY in the TCS Ecosystem

F1R3FLY’s technology is platform-independent and sits beneath rather than competing with existing enterprise software, providing per-record cryptographic data isolation, concurrent processing at scale, and formally verified code safety for AI-driven workloads.

Built on the rho-calculus and its programming language Rholang, F1R3FLY’s platform delivers high-throughput parallel processing, mathematically secure data isolation, and high-speed search across very large data sets. The architecture is designed for clients facing the converging pressures of rising cyber-threat exposure, AI workload demands, multi-jurisdictional regulatory compliance, and the cost and energy constraints of legacy infrastructure — the four challenges that enterprise clients consistently identify as the limits of their existing systems.

Stephen Alexander, Chief Executive Officer of F1R3FLY, said: “Joining the TCS alliance ecosystem is a defining moment for F1R3FLY. Taking our place in that ecosystem says something important about where F1R3FLY now sits in the global enterprise stack. The Master Services Agreement gives our joint clients the legal and commercial certainty they need to deploy our technology at scale, and TCS’s breadth — across sovereign governments, global banks, leading healthcare providers and major industrial groups — is precisely the distribution model we have built our platform for.”

About TCS SovereignSecure Cloud™

TCS SovereignSecure Cloud™ is a sovereign-by-design cloud platform that enables governments, enterprises, and regulated industries to accelerate digital transformation while maintaining control over their data, operations, and digital assets. Combining advanced cybersecurity, AI-enabled intelligence, compliance-driven architecture, and operational sovereignty, the platform helps organizations meet evolving data residency and regulatory requirements without compromising innovation. Designed for mission-critical workloads, TCS SovereignSecure Cloud™ delivers a secure, resilient, and future-ready cloud foundation that supports trusted digital ecosystems and emerging technologies.

Satishchandra Doreswamy, Vice President & Global Head – TCS SovereignSecure Cloud™, Tata Consultancy Services, said: “Organizations are increasingly looking for secure and sovereign digital foundations that support innovation at scale. Our collaboration with F1R3FLY combines advanced concurrent computing with TCS SovereignSecure Cloud™ to help customers unlock AI-led growth, strengthen cyber resilience, and meet evolving regulatory and sovereignty requirements. Together, we are enabling trusted digital ecosystems for governments and highly regulated industries worldwide.”

About F1R3FLY

F1R3FLY Limited is the developer of a next-generation concurrent-computing platform built on the rho-calculus and its programming language, Rholang. The platform delivers high-throughput parallel processing, mathematically secure data isolation, and formally verifiable code safety, and is being deployed across healthcare, financial services, defence, AI infrastructure, sovereign cloud and media. F1R3FLY is headquartered at 4–5 Langham Place, London W1B 3DG and is registered in England and Wales under company number 15424583. More information is available at www.f1r3fly.com.

About Tata Consultancy Services

Tata Consultancy Services is the technology partner of choice for industry-leading organizations worldwide. Since its inception in 1968, TCS has upheld the highest standards of innovation, engineering excellence and customer service.

It has set an aspiration to become the world’s largest AI-led technology services company and is enabling its clients to transform themselves across the full AI stack, from infrastructure to intelligence.

Rooted in the heritage of the Tata Group, TCS is focused on creating long term value for its clients, its investors, its employees, and the community at large. With a highly skilled workforce spread across 56 countries and 194 service delivery centers across the world, the company has been recognized as a top employer in six continents. With the ability to rapidly apply and scale new technologies, the company has built long-term partnerships with its clients. Many of these relationships have endured into decades and navigated every technology cycle, from mainframes in the 1970s to artificial intelligence today.

TCS sponsors 14 of the world’s most prestigious marathons and endurance events, including the TCS New York City Marathon, TCS London Marathon, Tata Mumbai Marathon and TCS Sydney Marathon with a focus on promoting health, sustainability, and community empowerment.

TCS generated consolidated revenues of over US $30 billion in the fiscal year ended March 31, 2026. For more information, visit www.tcs.com

Follow TCS on LinkedIn | Instagram | YouTube | X

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SOURCE F1R3FLY Limited

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