Technology

Inner Mongolia acts as green power bank

Published

1 year ago

April 22, 2025

BEIJING, April 21, 2025 /PRNewswire/ — A news report from chinadaily.com.cn：

The Inner Mongolia autonomous region, a vast territory in northern China with immense renewable energy potential, is powering the nation’s green transition and setting an example for the world.

Wang Lixia, chairwoman of Inner Mongolia, said in a recent interview that the region’s “experience has shown that developing renewable energy doesn’t have to come at the cost of the environment. Instead, it can drive ecological restoration”.

“Meanwhile, desertification control is not just an environmental imperative; it can also fuel high-quality development,” she added.

According to a report released in March by the International Renewable Energy Agency, the capacity of global renewable power increased substantially last year, with the addition of 585 gigawatts, a record growth of 15.1 percent. China played a significant role in this growth, accounting for nearly 64 percent of the added capacity, the report said.

Wang noted that Inner Mongolia, with its abundant wind and solar resources, plays a crucial role in China’s green transition. The region has an exploitable wind energy capacity of 1.46 billion kilowatts, accounting for 57 percent of the national total, and a solar energy potential of 9.4 billion kW, which is 21 percent of the national total, she said.

“This wealth of wind and solar resources gives us confidence, and opens up endless possibilities for the growth of Inner Mongolia’s renewable energy industry,” she said.

Last year, Inner Mongolia led the nation in six key areas, including new renewable energy installations, green hydrogen production, new energy storage installations and green electricity trading volume. This makes Inner Mongolia a green power bank for northern China, Wang said. “Of every 100,000 kW of newly installed renewable power capacity nationwide, over 10,000 kW is generated in Inner Mongolia,” she said.

“Our total installed renewable power capacity has surpassed 135 million kW, exceeding that of coal-fired power. We are the first provincial-level region in China to surpass 100 million kW of renewable power capacity,” she added.

Last year, Inner Mongolia’s renewable energy output increased 27.6 percent, exceeding 210 billion kilowatt-hours, which is equivalent to twice the annual output of the Three Gorges Dam.

Renewable energy contributes 25 percent of the region’s total electrical power generation. “It is equivalent to saving 66 million metric tons of standard coal, enough to meet Inner Mongolia’s heating needs for three years, while reducing carbon emissions by 180 million tons annually,” Wang said.

As the autonomous region pushes its renewable energy development, it is also exploring ways to utilize its renewable power resources and expand its electrical equipment manufacturing industry.

“We are advancing our green hydrogen, ammonia and methanol industries, converting green electricity into green products,” Wang said. “We have also established the nation’s largest computing power base with nearly 80 percent of the energy sourced from renewables.”

These efforts helped Inner Mongolia reach a renewable energy utilization rate of 94 percent last year, with green electricity accounting for nearly one-third of the total consumption.

The economic impact has also been impressive. In 2024, the total added value of renewable energy and related industries in Inner Mongolia grew 20.1 percent year-on-year, with new energy equipment manufacturing up more than 40 percent, Wang noted.

At the same time, exports of electric vehicles, lithium-ion batteries and solar panels soared 45.3 percent to 4.18 billion yuan ($573 million), according to customs data.

While the region is ramping up efforts for the manufacturing and export of new energy equipment, its ecological restoration efforts, particularly in the Kubuqi Desert, have gained global recognition.

Once known as the “Sea of Death”, the desert has become a model for integrating ecological restoration with new energy development. In 2014, the United Nations Environment Programme designated the desert as an ecological economy demonstration zone.

The Kubuqi model integrates solar power generation with agriculture and animal husbandry, as photovoltaic panels are used to provide canopies that help enhance plant survival and support the growth of drought-resistant crops, Wang said.

This approach tackles desertification, advances renewable energy development and helps increase local people’s income, achieving multiple benefits simultaneously, she said.

The area, which until 2017 remained largely barren, was covered by an array of solar panels by the end of last year. In December, the NASA Earth Observatory released satellite images showing what has been dubbed as Kubuqi’s “Solar Great Wall”.

“Stretching 400 kilometers, with an average width of 5 km, the project, once completed, will help restore vegetation on about 200,000 hectares of the desert and generate 180 billion kWh of electricity annually, serving as both a ‘blue energy wall’ and a green ecological barrier,” Wang said.

View original content:https://www.prnewswire.com/news-releases/inner-mongolia-acts-as-green-power-bank-302434068.html

SOURCE chinadaily.com.cn

Technology

Eddid Financial Honored with “Professional Services Award in RWA” by HKCT Highlighting its Leading Edge in Web3 and Digital Assets

Published

47 minutes ago

May 4, 2026

HONG KONG, May 4, 2026 /PRNewswire/ — Eddid Financial (the “Group”) has won the “Professional Services Award in RWA” at the HKCT Business Awards, hosted by the Hong Kong Commercial Times. The award recognizes the Group’s exceptional professional service capabilities and innovative achievements in the Real-World Assets Tokenisation (“RWA”) sector. This prestigious honor serves as a strong industry endorsement of the Group’s dedicated efforts in the RWA space, affirming its leadership in bridging traditional and digital finance while injecting significant momentum into Hong Kong’s digital asset market.

The HKCT Business Awards evaluates candidates based on four core criteria: corporate achievements, market competitiveness, brand philosophy, and professional standing. As one of the most credible and influential business awards in Hong Kong, it aims to recognize outstanding enterprises across various sectors for their performance over the past year, encouraging companies to continuously enhance their core competitiveness and pioneer innovative economic directions. During this year’s selection process, the judging panel conducted a comprehensive assessment of Eddid Financial’s compliance infrastructure, innovative services, and industry contributions within the RWA sector, highly commending the Group’s professional strength and forward-looking vision in asset tokenisation.

Compliance-Driven: Building a Full-Chain Service Ecosystem

As a licensed pioneer in Hong Kong’s RWA landscape, Eddid Financial has consistently relied on compliance as its foundation and innovation as its driving force. Having deeply cultivated the digital asset space for years, the Group has established a full-chain professional service ecosystem that encompasses asset screening, product design, compliance auditing, and distribution operations. Eddid Securities and Futures, a subsidiary of the Group, became one of the first brokerages in Hong Kong to upgrade its licenses in September 2023. It subsequently secured further upgrades for its Type 1 and Type 9 regulated activity licenses, making it one of the few institutions authorized to distribute tokenised securities and RWA products. This regulatory milestone has laid a solid, compliant foundation for the Group’s RWA business operations.

Successful Launch of Landmark Precious Metal RWA Projects

In terms of practical application, Eddid Financial has actively spearheaded the launch of several landmark RWA projects, setting a new benchmark for the industry. Notably, the Group partnered with Timeless Resources Holdings Limited (8028.HK) and HashKey Chain to introduce Hong Kong’s first silver RWA project. By leveraging blockchain technology to tokenise physical silver assets, each digital coin is backed 1:1 by one ounce of physical silver, strictly held by an independent trustee. This initiative not only lowers the barrier to entry for precious metal investments but also enhances asset liquidity. The project’s product design and issuance framework received a “no further comment” reply from the Hong Kong Securities and Futures Commission (SFC), demonstrating the highest standard of compliance.

Concurrently, the Group has collaborated with CAC Fintech to advance China’s first agricultural RWA project. By converting agricultural products, land management rights, and future agricultural revenue rights into on-chain digital certificates, this project addresses critical pain points such as poor liquidity and low financing efficiency in agricultural assets. Furthermore, it supports the national rural revitalization strategy and explores novel pathways for the innovative integration of agricultural assets with financial markets.

Leading the Upgrade of the Regional RWA Industry

Beyond launching landmark projects, Eddid Financial continues to drive the ecosystem construction and market development of the RWA sector. The Group’s research department published the “Core Guide to RWA: From Basic Theory to Global Practice,” sharing its leading experience in asset tokenisation to help establish industry standards. Simultaneously, the Group has built a tripartite development model encompassing “Technology + Compliance + Ecosystem”. Internally, it has assembled a dedicated fintech team to advance underlying technologies; externally, it connects core stakeholders, including asset holders, investors, and licensed exchanges, to form a comprehensive RWA service ecosystem that provides clients with all-encompassing, one-stop professional services.

Looking ahead, Eddid Financial will continue to leverage its comprehensive licensing advantages, expert service teams, and robust technical support to drive the digital transformation of a diverse range of real-world assets. The Group is committed to delivering highly flexible, efficient, and compliant RWA services to its clients while actively supporting the standardized and international development of Hong Kong’s digital asset market, thereby cementing Hong Kong’s status as a premier global digital finance hub.

View original content:https://www.prnewswire.com/apac/news-releases/eddid-financial-honored-with-professional-services-award-in-rwa-by-hkct-highlighting-its-leading-edge-in-web3-and-digital-assets-302760892.html

SOURCE Eddid Financial

Technology

Elevate Appoints Wade Clark as Chief Growth Officer

Published

47 minutes ago

May 4, 2026

Industry veteran to lead organic growth strategy across Elevate’s national platform

LOS ANGELES, May 3, 2026 /PRNewswire/ — Elevate, a national operator-led accounting and advisory platform, today announced the appointment of Wade Clark as Chief Growth Officer. Clark brings more than 30 years of experience building and leading sales organizations at top U.S. accounting and consulting firms, including Moss Adams (now Baker Tilly), BKD (now Forvis Mazars), Carr Riggs & Ingram, BDO USA, and Ernst & Young.

In this role, Clark will lead organic growth across Elevate’s partner firms, building a unified, data-driven growth function that complements the platform’s active M&A strategy and deepens advisory relationships firmwide.

Most recently, Clark spent nine years at Moss Adams, where he built and scaled the sales coaching function supporting 1,000+ partners, directors, and senior managers across 45 practices in a $1.3 billion firm. Earlier, as Chief Growth Officer at Carr Riggs & Ingram, he built the firm’s first growth function and helped drive revenue from $70 million to $100 million in three years. At BKD, he played a central role in the firm’s expansion from $190 million to $400 million, primarily through organic growth. He is the author of Meaningful Success in Business as well as Simplifying Complex Sales, reviewed by Accounting Today as one of the best books on selling professional services.

“Wade has built and led growth organizations at scale, and he knows what it takes to drive consistent, measurable results across a distributed partnership,” said Sanjay Agarwal, CEO and Founder of Elevate. “As we continue to execute on both M&A and organic growth, Wade’s ability to bring structure, accountability, and rigor to revenue generation will be a meaningful differentiator for our partner firms and their clients.”

“What attracted me to Elevate is the clarity of vision and the commitment to building a true operating platform — not just a collection of firms,” said Clark. “The opportunity to architect a scalable growth engine across a national footprint, alongside partner firms who are already leaders in their markets, is incredibly compelling.”

Clark is based in Houston, Texas, and holds a Bachelor of Business Administration in Marketing from Texas A&M University.

About Elevate

Elevate is a national accounting and advisory platform built by operators. The firm partners with leading CPA firms to provide the technology, infrastructure, and strategic support needed to drive sustainable growth, enhance client service, and unlock long-term value. Elevate’s operator-led model preserves firm autonomy while delivering the scale, talent, and technology of a unified platform.

View original content to download multimedia:https://www.prnewswire.com/news-releases/elevate-appoints-wade-clark-as-chief-growth-officer-302759917.html

SOURCE Elevate LLC

Technology

Meiyume (Group) LTD Achieves EcoVadis Gold Rating for 2026, Reinforcing Commitment to Sustainable Beauty

Published

2 hours ago

May 4, 2026

HONG KONG, May 4, 2026 /PRNewswire/ — Meiyume (Group) LTD has achieved the EcoVadis Gold rating for 2026, with the company being in the 96th percentile globally and among the top-performing companies for sustainability.

EcoVadis evaluates companies across environment, labour and human rights, ethics, and sustainable procurement. The Gold rating reflects Meiyume’s strong performance and continued commitment to embedding sustainability across its supply chain.

A supplier’s commitment to sustainability is increasingly important to brands, as they work to meet rising regulatory requirements and evolving consumer expectations for transparency and responsible practices. In this landscape, choosing the right partners is essential. Partners like Meiyume play a key role in enabling more responsible, future-ready solutions while helping to strengthen sustainability standards across the supply chain.

A Holistic Sustainability Strategy: Meiyume’s 5Ps Framework

Meiyume’s sustainability approach is guided by its 5Ps framework: Product, Process, Places, People, and Principle, ensuring a comprehensive integration across the business:

Product – Advancing sustainable innovation in formulations and packaging

Process – Strengthening responsible sourcing and supply chain practices

Places – Enhancing operational efficiency and environmental performance

People – Fostering an inclusive and supportive workplace

Principle – Upholding strong governance and compliance standards

Sustainability as an Ongoing Journey

While the EcoVadis Gold rating marks an important milestone, Meiyume views sustainability as an ongoing journey. The company remains committed to strengthening its sustainability performance and supporting beauty and personal care brands in achieving their sustainability goals.

About Meiyume:

Formerly LF Beauty, Meiyume offers end-to-end beauty solutions—packaging, ODM, OEM —grounded in sustainability and insights. Powered by it’s Beauty Intelligence Platform and a global sourcing network, Meiyume brings visions to life with agility, intelligence, and responsibility.

https://meiyume.com/
2/F HK Spinners Industrial Building, Phases I & II, 800 Cheung Sha Wan Road, Kowloon, Hong Kong

SOURCE Meiyume