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Global Times: Xi calls for advancing strategic partnership of cooperation with Nepal as Nepali PM visits Beijing

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BEIJING, Dec. 4, 2024 /PRNewswire/ — Chinese President Xi Jinping met with Nepali Prime Minister KP Sharma Oli in Beijing on Tuesday, pledging efforts to advance its strategic partnership of cooperation with Nepal. 

Expressing appreciation for Oli’s firm commitment to promoting friendship between the two sides over a long period of time, Xi said China and Nepal, linked by the same mountains and rivers, are good neighbors, good friends and good partners, and bilateral relations have maintained sound and steady development. 

Noting that next year marks the 70th anniversary of the establishment of diplomatic relations, Xi said China places Nepal in an important position in its neighborhood diplomacy, and is willing to work with Nepal to consolidate their traditional friendship and push for new progress in advancing the China–Nepal strategic partnership of cooperation featuring ever-lasting friendship for development and prosperity. 

Stressing that China respects Nepal’s choice to follow a development path suited to its national conditions, Xi said that China supports Nepal in safeguarding its national independence, sovereignty and territorial integrity. China is ready to work with Nepal to consolidate strategic mutual trust and provide staunch support on issues concerning each other’s core interests, he added.

Xi expressed China’s willingness to deepen pragmatic cooperation with Nepal, advance high-quality Belt and Road cooperation, and strengthen cooperation in such fields as ports, transportation, power grids and communication.

China is ready to continue offering assistance to Nepal’s economic and social development within its capacity, and to encourage Chinese enterprises to invest and do business in Nepal, Xi said.

He noted that China supports Nepal’s declaration of 2025 as Nepal Visit Year in China, and welcomes Nepali friends to travel to China for business, tourism and study.

China is willing to strengthen coordination with Nepal within multilateral platforms such as the United Nations, with the aim of defending the common interests of developing countries, Xi said.

Oli said that as a friend of China, Nepal is deeply proud of and inspired by China’s remarkable development achievements, and hopes to learn from China’s experience to boost its own development.

Noting that there are no problems, only friendship, between Nepal and China, Oli thanked China for providing various valuable support to Nepal. Nepal welcomes more Chinese enterprises to invest in the country and deepen cooperation in various fields, he said.

Both Xizang and Taiwan are inalienable parts of China’s territory, Oli said. Stressing that Nepal firmly adheres to the one-China principle, he said the country will not allow any force to use its territory for anti-China activities or to harm China’s interests, and that Nepal opposes any foreign interference in China’s internal affairs.

A joint statement by the People’s Republic of China and Nepal was also issued on Tuesday.

Chinese Premier Li Qiang and Chairman of the National People’s Congress Standing Committee Zhao Leji also held talks with Nepali Prime Minister Oli in Beijing on Tuesday, the Xinhua News Agency reported.

Strive for new progress

As the two neighboring countries celebrate the 70th anniversary of the establishment of diplomatic relations, experts expect Oli’s visit to further advance bilateral ties to a new height, deepen the traditional friendship by accelerating practical cooperation in various fields, and boost the two sides’ coordination on regional issues of mutual interest.

As some Indian media have hyped that Oli has broken the “tradition” of a Nepalese leader by visiting China first instead of India, experts emphasized that cooperation between China and Nepal does not target any third party, instead, the two are always committed to promoting regional development, peace and stability.

Hu Zhiyong, a research fellow with the Institute of International Relations at the Shanghai Academy of Social Sciences, said that the choice of China as the first foreign country to visit after Oli took office in July shows that the Nepalese government attaches great importance to China–Nepal relations and regards the development of relations with China as the main direction of its diplomatic work.

Qian Feng, director of the research department of the National Strategy Institute at Tsinghua University, said that making Nepal’s economy “catch the express train” of China’s high-quality economic development is the main focus of his visit.

China and Nepal signed a Memorandum of Understanding (MoU) on bilateral cooperation under the framework of the Belt and Road Initiative in May 2017. President Xi paid a state visit to Nepal in October 2019. 

Qian said due to political changes in Nepal and the impact of the pandemic, some cooperation between the two countries cannot be smoothly implemented. “Prime Minister Oli hopes to make up for lost time.”

In addition to meetings with Chinese leaders, the Nepalese prime minister is scheduled to address the Nepal-China Business Forum and deliver a keynote speech at Peking University, according to a release from Nepal’s Ministry of Foreign Affairs.

For China, Nepal is not only an important BRI partner, but also, as a close and friendly neighbor, plays an important role in contributing to maintaining social security and stability in ethnic areas in Xizang, Qian said.

Not targeting third party

Indian media has been closely following Oli’s China visit. Calling Oli “a pro-China leader,” Indian media the Hindustan Times noted that Oli broke with “the usual practice of Nepali prime ministers making India their first destination in the neighborhood after assuming charge, amid media reports that he did not get an invitation from New Delhi.”

India’s Business Standard described Oli as a “veteran communist politician,” who “seeks to reduce its traditional dependence on India.” The media outlet also raised “debt concerns” regarding a $216 million loan from China to build an international airport in Pokhara.

The development of bilateral relations between China and Nepal is in the fundamental interests of the two nations and their people and leaves no room for a third party to sow discord about it, Qian said.

China respects Nepal’s right to independent development and hopes India, which has significance influence on Nepal, refrains from meddling and interfering in Nepal as in the past, Qian stated.

For Hu, the friendly development of China–Nepal relations between China and Nepal is objectively of great importance to enhancing China’s influence in South Asia. But some in India are overly nervous and sensitive about the visit of Nepal’s Prime Minister to China.

“New Delhi should not overly interpret the China–Nepal cooperation, which does not target any third party… Instead, the cooperation is conducive to promoting regional common development and safeguarding regional stability.”

Hu stressed that many South Asian countries like Pakistan, Bangladesh, Sri Lanka and Maldives have achieved their own development by participating in BRI projects. “The BRI is a big cake for cooperation. Nepal wants to share the cake as well,” Hu said.

According to official statistics, China is the second-biggest trade partner of Nepal. Bilateral trade volume between China and Nepal in 2023 was $1.8 billion, an increase of 9.1 percent year-on-year. From January to August 2024, trade volume between China and Nepal was $1.28 billion, surging 18 percent year-on-year.

Bilateral trade between China and Nepal accounts for 17 percent of Nepal’s total, according to the Xinhua News Agency, citing Ramesh Aryal, deputy director general of the customs department of Nepal’s Ministry of Finance. Meanwhile, India is Nepal’s largest trading partner, accounting for more than 65 percent of its total trade, the Kathmandu Post said.

“Given China’s growing strength and influence, especially as China and Nepal both seek to establish a closer cooperative relationship with each other, China’s share is bound to rise further… But the trend of India as Nepal’s most influential economic partner is also long-standing, given the geographical and cultural advantages of India’s relations with Nepal,” Qian said.

In fact, in terms of cooperation with Nepal, the two major countries jointly play a more positive role in helping their common neighbor develop its economy and improve people’s livelihood, rather than holding a narrow perspective and falling into a vicious competitive relationship, Qian commented.

 

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SOURCE Global Times

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Hexaware Hosts Greater Manchester and West Yorkshire Mayoral Delegation, Deepens Partnership with University of Leeds

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Part of the Great North Mayoral Delegation’s visit to India, discussions focused on Hexaware’s UK expansion and planned R&D centers in Leeds and Manchester

MUMBAI, India, Oct. 23, 2026 /PRNewswire/ — Hexaware Technologies (NSE: HEXT), an AI-first digital and IT services company, hosted a delegation led by Tracy Brabin, Mayor of West Yorkshire, and Bev Craig, Mayor of Greater Manchester, as part of The Great North’s first joint mayoral-led trade mission to India

Hexaware met with Tracy Brabin and delegates from West Yorkshire at its Mumbai office to discuss the company’s UK investment plans, regional employment, and opportunities for technology collaboration across the North of England.

During the visit, Hexaware and the University of Leeds discussed their agreement to strengthen industry–academic collaboration through research, knowledge sharing, and experiential learning opportunities for students.

Earlier in the mission, on October 14 in Bengaluru, Hexaware leaders met Bev Craig, Mayor of Greater Manchester, together with representatives of the British Deputy High Commission and the Invest Manchester team, to discuss Hexaware’s investment in the city region.

Hexaware announced that it will create hundreds of jobs and invest £9 million in a new Design and Innovation Centre at Manchester’s innovation district, SISTER, delivered in collaboration with the University of Manchester. By establishing a base at SISTER, Hexaware will have access to Europe’s largest clinical academic campus on Manchester’s Oxford Road Corridor and a rapidly expanding digital and tech ecosystem within the city.

The visits follow Hexaware’s June 2026 announcement of a £25 million UK expansion, expected to create approximately 1,200 jobs over three to five years across Manchester, Leeds, and Birmingham, including 420 in Manchester and 240 in Leeds. Plans include proposed R&D centers in Manchester and Leeds, with Newcastle also under consideration as a potential future location, given the region’s strong university talent pool and proximity to Scotland.

Parameshwaran Iyer, Executive Vice President & Head – Europe, Hexaware, said, “The North of England is an important part of our UK growth plans. Our investment goes into developing technology capabilities and recruiting graduates from the region’s universities, training them to work with enterprise and public-sector customers. Our new agreement with the University of Leeds will strengthen this pipeline, giving us closer access to graduate talent as we grow our presence in the region. We see considerable potential in the talent and expertise available across these cities.”

Bev Craig, Mayor of Greater Manchester, said, “Greater Manchester has established strengths in healthcare, life sciences, and AI, supported by close cooperation between universities, researchers, and industry. We welcome Hexaware’s plans for Manchester and the opportunities they present for investment, innovation, and employment in these sectors.”

Tracy Brabin, Mayor of West Yorkshire, said, “It was great to visit Hexaware’s headquarters in Mumbai and hear first-hand about the company’s ambitious plans for growth in the UK. Their investment in Leeds and the creation of hundreds of new jobs is fantastic news for West Yorkshire and a strong vote of confidence in our region. Trade missions like this give us the opportunity to meet decision-makers directly, strengthen international relationships and explore how businesses like Hexaware can deepen their links with West Yorkshire to create a stronger, better-off region that works for all.” 

Glenn McCauley, Head of Proposition Development at the University of Leeds, said, “We were delighted to join this Great North Mayoral Delegation to India and to discuss with Hexaware leadership and with the Mayor of West Yorkshire how the University of Leeds’ agreement with Hexaware can be a catalyst to drive economic growth in our region.”

India and the North of England are connected above all through people, with more than 81,000 people of Indian heritage living in Yorkshire and the Humber, and 50,000 people of Indian diaspora in Greater Manchester. Thousands of Indian students also choose universities in the two regions every year. Increasingly, Indian companies are also among the region’s investors and employers. The India–UK Comprehensive Economic and Trade Agreement (CETA), in force since July 2026, alongside The Great North’s investment initiatives, gives that relationship fresh momentum.

Hexaware will continue discussions with regional partners on its proposed R&D facilities, graduate recruitment, and technology partnerships across the North of England, drawing on Leeds’ strengths in digital engineering, data science, robotics, fintech, and technology-enabled care, and Manchester’s strengths in healthcare, life sciences, cyber, and AI.

About Hexaware

Hexaware is a global technology and business process services company. Every day, Hexawarians wake up with a singular purpose: to create smiles through great people and technology. With offices across the world, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes. Learn more about Hexaware at https://hexaware.com.

 

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Fosun Wealth Opens Its First Private Wealth Center in Hong Kong at Harbour City, Tsim Sha Tsui

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Appointment-Only Center for High-Net-Worth Clients, Partnering with Fosun Wealth IFA to Expand Wealth Management Capabilities

HONG KONG, Oct. 23, 2026 /PRNewswire/ — Fosun Wealth International Holdings Limited (“Fosun Wealth”) announced the official opening of its first Private Wealth Center on the 23rd floor of Prudential Tower, at The Gateway, Harbour City, Tsim Sha Tsui, Hong Kong. The center provides a dedicated offline space for meetings and wealth planning in Hong Kong, exclusively tailored for high-net-worth clients. Visits are by appointment only, and the center operates in partnership with Fosun Wealth IFA (Independent Financial Advisor), supporting clients from initial discussions and tailored proposals through to signing and implementation.

The opening ceremony, themed “A Starry New Chapter on Victoria Harbour”, brought together business partners from fund, asset management and insurance industries in Hong Kong to celebrate the occasion.

Expanding amid Industry Growth to Address Clients’ Demand for Long-Term Advice

The opening comes as Hong Kong’s wealth management sector continues to expand. According to the Securities and Futures Commission of Hong Kong, as of the end of 2025, total assets under management (AUM) in Hong Kong jumped 20% year-on-year (YoY) to a record high of HK$42.2 trillion. Among the major segments, AUM of private banking and private wealth management business increased by an impressive 24% YoY to HK$12.9 trillion. At the same time, client expectations have shifted. High-net-worth individuals are increasingly looking beyond fragmented, one-off product recommendations and seeking professional institutions that can deliver cross-market and multi-generational support over the long term.

The center’s location in Harbour City offers views across Victoria Harbour and a calm, private setting. It features four dedicated meeting rooms, with each client received by a relationship manager throughout their visit to allow for in-depth discussions in a confidential environment. In addition to client meetings and document signing, the center will also host smaller, focused sessions to help clients better capture opportunities in Hong Kong’s wealth management market.

Strengthening Collaboration with Fosun Wealth IFA to Enrich Service Matrix

The Private Wealth Center will also serve as a working base for Fosun Wealth IFA, supporting professional discussions and the review of more complex cases. Launched by Fosun Wealth in 2025, Fosun Wealth IFA is Hong Kong’s first one-stop platform for independent financial advisors (IFAs) to establish and grow their practices. It has already built a team of nearly 500 advisors. Built on a compliant licensing framework, the platform integrates diversified financial products, AI-powered tools and structured trainings, supporting advisors from licensing through ongoing professional development to independent practice. The goal is to help raise standards and professionalism across Hong Kong IFA industry.

Fosun Wealth subsidiaries hold securities and insurance brokerage licenses. Under strict compliance, they provide access to insurance, securities, asset management, and corporate financing services. Fosun Wealth has also established partnerships with numerous leading fund houses, asset managers, and insurers, supporting both the Private Wealth Center and the IFA platform.

Cheng Kang, CEO of Fosun Wealth, said: “Hong Kong continues to strengthen its position as an international hub for asset and wealth management, supported by its resilience and openness. This creates a valuable opportunity for us to deepen our presence in the local market. The opening of the Private Wealth Center is more than the launch of a new location—it marks a new chapter in Fosun Wealth’s commitment to serving high-net-worth clients in Hong Kong with a more personal, long-term approach, bringing our ‘warm private wealth stewardship’ to a broader client base. Whether we are serving high-net-worth clients or building a stronger ecosystem for financial advisers, we aim to set a high standard in Hong Kong’s wealth management industry. We will focus on turning our capabilities into lasting value for clients, and work with clients and partners to support the continued growth of the sector.”

About Fosun Wealth International Holdings Limited

Fosun Wealth International Holdings Limited (hereinafter referred to as “Fosun Wealth”) is an AI-driven global one-stop Web5(Web2+Web3) wealth management platform wholly owned by Fosun International Limited (stock code: 656.HK) in Hong Kong. With its solid financial position, Fosun Wealth has obtained various licenses via its subsidiaries, including Type 1, 2, 4, 6, and 9 licenses granted by the Securities and Futures Commission(SFC) of Hong Kong, and an insurance broker license granted by the Insurance Authority(IA) of Hong Kong. Fosun International Securities Limited, a subsidiary of Fosun Wealth, is one of the first batch of brokerages to provide virtual asset dealing service. Fosun Wealth has launched several industry-leading brands, including the Fosun Wealth App, Finloop, FinChain, and Fosun Wealth IFA. For more information, please visit: www.fosunwealth.com.

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SOURCE Fosun Wealth International Holdings Limited

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WOLFX Student Super App Reaches 104 Universities One Month After US Launch

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All-in-one college platform reports 300 percent subscription growth following Arizona campaign 

MELBOURNE, Australia, Oct. 23, 2026 /PRNewswire/ — WOLFX, an all-in-one app designed to help college students thrive academically, socially and financially, has been downloaded by students at 104 universities in 130 cities across the US just one month after its launch in Indiana.

The platform recorded a 300 percent increase in subscriptions following its Rush WOLFX campaign in Arizona. Rush WOLFX is a game of skill that involves college fraternities and sororities putting their business skills to the test to win a $10K prize. 

WOLFX plans to hold six additional Rush competitions at Universities across the country next month.

WOLFX brings together AI-powered study tools, wellness support, a student marketplace and opportunities for student entrepreneurs in a single app, giving students who juggle academic, social and financial pressures one place to manage college life.

“I developed WOLFX to make the lives of college kids better. To see the app being so well received across America gives everyone involved a huge boost,” said Simon Bishop, founder of WOLFX. “As a father, I know college can be a daunting time for students and parents. WOLFX is aimed at easing those fears of loneliness and isolation. I’m so happy WOLFX is making a difference.”

Students say the app is already part of their daily routine.

“This is honestly the only college app you’ll ever need,” said Katie Wolf, a cheerleader at Indiana University. “Whether it’s managing my schedule, working on a business idea or even selling some items on the student marketplace, WOLFX has me covered. This app is a game changer for college students.”

WOLFX Platinum is available for $28.99 per month. WOLFX can be downloaded on iOS and Android.

About WOLFX

WOLFX is a student-focused super app designed to help college students navigate campus life through AI-powered study tools, wellness support, a student marketplace and entrepreneurial opportunities. The platform aims to make college life more connected, manageable and rewarding. WOLFX is available on iOS and Android. Learn more at https://wolfxapp.com/.

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SOURCE WOLFX

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