CGTN: China and CELAC usher in new chapter of South-South cooperation

As China hosts the fourth ministerial meeting of the China-CELAC (Community of Latin American and Caribbean States) Forum in Beijing this Tuesday, CGTN publishes an article highlighting how China-CELAC cooperation is delivering tangible benefits to local communities. The article also underscores China’s sincere commitment to working hand in hand with CELAC countries on five major projects and advancing together on their respective paths to modernization.

BEIJING, May 13, 2025 (GLOBE NEWSWIRE) — Located in San Salvador, the National Library of El Salvador – a China-aided mega project – has become a modern cultural landmark in the capital city since its inauguration in late 2023.

Spanning 24,000 square meters, the library is open 24/7 and holds over 360,000 volumes. It serves multiple functions, including youth education, art exhibitions, cultural performances, and academic conferences.

The library is among more than 200 infrastructure projects China has supported in Latin American and the Caribbean (LAC) countries in recent years, which Chinese President Xi Jinping noted during his address at the opening ceremony of the fourth ministerial meeting of the China-CELAC (Community of Latin American and Caribbean States) Forum in Beijing on Tuesday.

Xi said those projects have helped create nearly one million local jobs.

Fundamental pursuit to benefit people
Noting that this year marks the 10th anniversary of the official launch of the China-CELAC Forum, Xi said he’s pleased to see the China-CELAC Forum grow from a seedling to a tall tree.

China and CELAC countries have built a community with a shared future, featuring equality and mutual benefits, upholding openness and inclusiveness, and aiming to bring tangible benefits for the people, Xi said.

Since 2012, China has been LAC’s second-largest trading partner and is now the top partner for Chile, Brazil, and Peru. It has signed free trade agreements with five LAC nations: Peru, Chile, Costa Rica, Ecuador, and Nicaragua.

As of 2024, bilateral trade reached $500 billion – a nearly 40-fold increase since 2000, according to Chinese Ambassador to Panama Xu Xueyuan.

So far, 23 LAC countries have signed memorandum of understanding (MoU) on the Belt and Road Initiative (BRI) with China, Xu said. Notable BRI projects include the Chancay Port – South America’s first smart and green port – and the Jamaica North-South Highway.

Inaugurated in November 2024, Chancay Port has cut Pacific shipping time by nearly one-third, lowered logistics costs by 20 percent, and is expected to create over 8,000 direct jobs. Such tangible cooperation has received strong local support. A CGTN poll of 2,500 Latin Americans found that 80.4 percent viewed the BRI as beneficial to regional economic and social development.

Since 1993, China has dispatched 38 medical teams to Caribbean nations, offering care and helping improve local medical capabilities. The same poll showed that 86.2 percent of respondents had a favorable impression of China.

Solidarity and further cooperation
At the gathering, Xi stressed the importance of Global South unity in face of rising unilateralism and protectionism.

China and LAC countries are important members of the Global South, Xi said, adding that “Independence and autonomy are our glorious traditions, development and rejuvenation are our natural rights, fairness and justice are our common pursuits.”

Facing the undercurrents of geopolitics and camp confrontation, as well as the growing countercurrents of unilateralism and protectionism, China is willing to join hands with CELAC countries to launch the five major projects, seek common development and rejuvenation, Xi said.

Detailing the major projects centering on solidarity, development, civilization, security and people-to-people exchanges, Xi called on China and Latin American and Caribbean countries to continue supporting each other on core interest issues and major concerns, maintain close exchanges in all fields, and jointly implement the China-proposed Global Development Initiative, Global Security Initiative and Global Civilization Initiative.

Xi announced that China will provide CELAC countries with a credit fund of 66 billion yuan (around $9.2 billion) to support their development. Additionally, over the next three years, China will offer 3,500 government scholarships, 10,000 training opportunities, 500 international Chinese language teacher scholarships, and 300 training spots for poverty reduction technologies.

China has decided to offer a visa-free policy to five countries in Latin America and the Caribbean, and will expand the policy to cover more regional countries in due course, said the Chinese president.

China’s recent modernization has boosted confidence in the region. A CGTN poll showed that 82.9 percent of respondents see China’s development model as a valuable reference for LAC countries.

Noting China has always been a good friend and partner of LAC countries, Xi called on China and LAC countries to join hands and move forward side by side on respective modernization journeys.

https://news.cgtn.com/news/2025-05-13/China-and-CELAC-usher-in-new-chapter-of-South-South-cooperation-1Dl5vaucHW8/p.html

Contact:
CGTN, [email protected]

GlobeNewswire Distribution ID 9450561

 

Hong Kong and Qatar: Partnering for Success

Visa-free travel arrangement and 35 bilateral accords signed

HONG KONG SAR – Media OutReach Newswire – 13 May 2025 – Hong Kong Special Administrative Region (HKSAR)’s Chief Executive John Lee is leading a delegation of over 50 business leaders from Hong Kong and Mainland China to Qatar and Kuwait to forge closer connections and promote the city’s advantages to the Middle East. This historic visit marks the first time that Mainland entrepreneurs have joined an official overseas Hong Kong delegation.

“The composition of the delegation demonstrates Hong Kong’s unique role as a ‘super connector’ and ‘super value-adder’ under the principle of ‘one country, two systems’”, Mr Lee said. “Hong Kong is dedicated to capitalising on its connectivity with both Mainland China and the world, collaborating and synergising with economies and enterprises that are eager to pursue high-quality development with us.”

The first stop in Qatar (May 10-12) yielded significant results, including the signing and announcement of 35 bilateral accords covering areas such as economic co-operation, investment, finance, legal collaboration and innovation and technology (I&T). These included a tripartite agreement among organisations from Hong Kong, Mainland China and Qatar focusing on fintech collaboration, showcasing Hong Kong’s bridging role between different economies.

In addition to Hong Kong-Qatar co-operation, two agreements were reached between enterprises from Mainland China and Qatar, fostering co-operation in financial services and high-end manufacturing.
HKSAR’s Chief Executive John Lee (seventh right) witnesses agreements signed between government department, enterprises, and institutions from Hong Kong, Mainland China and Qatar.

Speaking at a business luncheon in Doha (May 12) themed “Partnering for Success – Hong Kong as a ‘Super Connector’ and ‘Super Value-Adder’, Mr Lee unveiled a new arrangement allowing HKSAR passport holders to visit Qatar visa-free for up to 30 days. He also said that Hong Kong and Qatar have substantially concluded the negotiations on an Investment Promotion and Protection Agreement.

On arriving in Qatar (May 11), Mr Lee met the Amir of the State of Qatar, High Highness Sheikh Tamim bin Hamad Al Thani, the Prime Minister and Minister of Foreign Affairs of the State of Qatar, His Excellency Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, and the Minister of Communications and Information Technology, His Excellency Mohammed bin Ali Al Mannai, to exchange views on strengthening bilateral relations and economic co-operation between Hong Kong and Qatar.
Mr Lee meets the Amir of the State of Qatar, High Highness Sheikh Tamim bin Hamad Al Thani (right).

Qatar is Hong Kong’s third-largest trading partner in the Middle East with bilateral trade in goods worth US$1.6 billion last year. Mr Lee said that there is plenty of room for further growth in trade and business between the two places.

During a visit to the Qatar Investment Authority, Mr Lee was briefed on the operation and investment strategies of the sovereign wealth fund, and explored with the Qatar Investment Authority the development and co-operation opportunities for both sides in finance and the economy.

With I&T being an area of great potential for bilateral collaboration, Mr Lee and other delegation members visited Lusail City, one of the country’s flagship smart cities, to understand how the city integrates I&T with urban planning and infrastructure development. Mr Lee highlighted that both Hong Kong and Qatar attach great importance to technological development and regard artificial intelligence as an engine of new economic development.

Mr Lee tours Lusail City in Qatar.

Delegation members also toured the National Museum of Qatar to learn about the country’s history and rich cultural heritage.

Before departing for Kuwait, Mr Lee took the chance to visit an autonomous vehicle project at Doha Hamad International Airport. The project is designed by a Mainland Chinese tech firm with its international headquarters in Hong Kong, and first piloted at Hong Kong International Airport. “This exemplifies our role as a launchpad for global innovation,” Mr Lee said.

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Bitget Launches Starlink Program to Bridge the Digital Divide in Philippine Island Communities

Bitget Launches Starlink Program to Bridge the Digital Divide in Philippine Island Communities

Bitget Launches Starlink Program to Bridge the Digital Divide in Philippine Island Communities

Bitget Launches Starlink Program to Bridge the Digital Divide in Philippine Island Communities

SIARGAO, Philippines, May 13, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has launched its Starlink Program, bringing high-speed satellite internet to remote islands in the Philippines in a bold move to tackle digital inequality. The initiative, which kicked off in Siargao’s Espoir School of Life and Barangay Pitogo, addresses chronic connectivity gaps that have long hindered education, healthcare, and economic opportunities. By deploying Starlink’s cutting-edge technology, Bitget aims to empower these communities with reliable internet access, laying the groundwork for future blockchain education and financial inclusion.

For years, Siargao’s residents have relied on fragile microwave radio connections, leaving them vulnerable to frequent outages, slow speeds, and exclusion from the digital economy. Schools like Espoir, which serves underprivileged children, struggle with offline-only learning, while villages like Barangay Pitogo face isolation due to unreliable communication networks.

“Without stable internet, entire communities are locked out of modern education, remote work, and even basic services like telemedicine. This isn’t just about connectivity, it’s about equity. Internet access shouldn’t be a privilege, it’s the foundation for everything from education to decentralized finance. We’re building doors to the digital world one island at a time,” said Vugar Usi Zade, COO at Bitget.

The program’s first phase includes a Starlink hardware installation at Espoir School and Barangay Pitogo’s public school. This will provide six months of high-speed satellite internet, enabling access to online curricula, teacher training, and e-governance tools. With this, Bitget plans to provide long-term support through $10M Blockchain 4 Youth and $10M Blockchain 4 Her initiatives, which will introduce blockchain literacy and digital finance skills to students and women-led cooperatives. The total investment of 155,400 Philippine pesos, which covers hardware, subscriptions, and logistics. A modest cost for transformative impact.

Bitget’s initiative shows a growing recognition in the crypto industry: Adoption starts with access. By addressing infrastructure barriers first, the exchange is creating a replicable model for other underserved regions. Future phases could expand to neighboring islands, leveraging partnerships with local NGOs and government units.

The Starlink kits will go live in May, with Bitget documenting the rollout through impact reports and community stories. For Espoir’s students, the change will be immediate: interactive lessons, global collaborations, and soon blockchain workshops. For Barangay Pitogo, it’s a leap toward resilient communication during typhoon seasons.

As Bitget scales this program, the message is clear: crypto’s future isn’t just about markets, it’s about people. And sometimes, changing lives starts with something as simple as an internet signal.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin priceEthereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: [email protected]

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a78ae617-7c0a-42a6-8d66-fc3393c512ca

GlobeNewswire Distribution ID 1001096222

GFO-X Launches Regulated Digital Asset Derivatives Trading Venue

First Institutional Trade Successfully Executed

The New UK Trading Venue Brings Institutional-Grade Market Infrastructure, Central Clearing, and Deep Liquidity to Digital Asset Derivatives

LONDON, May 13, 2025 (GLOBE NEWSWIRE) — GFO-X today announced the successful launch of its UK FCA regulated trading venue for centrally cleared digital asset derivatives. The venue is designed to meet the increasing institutional demand for secure, transparent, and compliant digital asset futures and options. GFO-X brings together best-in-class market infrastructure, deep liquidity, and central clearing to solve for credit and significantly reduce counterparty risk.

As part of its successful debut, the first institutional trade between two leading financial institutions, Virtu Financial and IMC, was executed on GFO-X and centrally cleared through LCH DigitalAssetClear, marking a milestone in the evolution of institutional-grade digital asset markets. The new venue brings additional depth, breadth, and diversification to the limited choices in centrally cleared digital asset index derivatives.

GFO-X CEO, Arnab Sen, said, “The launch of GFO-X is a further foundational step toward increased institutional digital asset derivatives trading, providing the infrastructure, central clearing, robust risk mitigation, and liquidity. With our first trade executed between two leading financial institutions providing deep liquidity, we are expanding the market for centrally cleared digital asset derivatives.”

Addressing the Institutional Surge in Digital Asset Derivatives Demand

The global market for digital asset derivatives has seen explosive growth, with options and futures trading volumes growing exponentially. Institutional investors, including hedge funds, proprietary trading firms, and asset managers, increasingly turn to structured products underpinned by derivatives to hedge risk, enhance yield strategies, and gain exposure to crypto markets with greater regulatory clarity.

GFO-X has been purpose-built to bridge the gap between traditional finance and digital assets by offering:

  • Regulated Trading & Transparency – Operating under UK FCA authorisation, ensuring compliance with global financial standards.
  • Institutional-Grade Liquidity – Deep order books supported by industry leading market makers and participants, including IMC, Laser Digital and Virtu Financial.
  • Leading Clearing Bank integrations at launch – including ABN AMRO Clearing, Nomura and Standard Chartered.
  • Central Clearing for Counterparty Risk Mitigation by LCH DigitalAssetClear ensures secure margining, collateral management, and default protections.
  • Advanced Market Infrastructure – A high-speed matching engine designed for low-latency execution and high-frequency trading.

With institutional adoption accelerating, GFO-X will continue expanding its product suite, initially offering Bitcoin index futures and options.

Market participants can now onboard and begin trading, with several additional leading financial institutions already lined up for integration. As institutions increasingly seek regulated, scalable solutions for digital asset derivatives trading, GFO-X is positioned to become a premier venue in the evolving landscape of institutional crypto derivative markets.

For more information about GFO-X and its upcoming developments, please visit www.gfo-x.com or contact [email protected]. For press enquiries, contact Serra Balls, Eterna Partners [email protected].

Marcus Robinson, Head of DigitalAssetClear and CDSClear, LCH, said, “We are delighted to partner with GFO-X to launch this highly anticipated service from LCH SA. The regulated clearing infrastructure within LSEG’s post trade ecosystem has allowed us to build something meaningful for our participants and address the availability of options for a rapidly growing asset class. It is essential that we find ways to offer regulated, segregated and trusted routes to provide customers with a diverse breadth of services and we are excited to continue working with GFO-X to offer a regulated marketplace for this asset class.” 

Barry Polak, Lead Product Commerce, ABN AMRO Clearing, said, “We are excited to partner with GFO-X, the UK’s first regulated and centrally cleared trading venue dedicated to digital asset derivatives. This strategic collaboration underscores our shared commitment to advancing the institutional digital asset futures and options market. By leveraging LCH DigitalAssetClear’s clearing services, we enhance transaction security and minimise counterparty risk, offering our clients unparalleled confidence in trading Bitcoin futures and options. A logical step to continue to lead the way to safe and transparent markets.”

Osi Lilian, IMC Strategic Investments Co-Lead, said, “IMC was proud to be one of the earliest investors in GFO-X in 2021. We aligned with their vision of establishing the UK’s first regulated and centrally cleared trading venue for digital asset derivatives, built on secure, high-performance technology and robust risk management. As a market maker, our strategic connection with GFO-X underscores our commitment to the institutional digital asset futures and options market – a rapidly evolving space we believe holds significant potential for continued growth and opportunity.”

Olivier Dang, Head of Ventures at Laser Digital, said, “We are thrilled to partner with GFO-X as they launch the UK’s first regulated and centrally cleared trading venue dedicated to digital asset derivatives. This collaboration aligns perfectly with our vision to drive innovation and growth in the digital asset market.”

Andy Ross, Global Head, Prime & Financing, Financing & Securities Service, Standard Chartered, said, “We’re delighted to support the launch of GFO-X derivatives and to join LCH SA as a general clearing member to enable our clients to trade and clear. We continue to invest in servicing our clients broadly across the crypto space in coin, token and derivative form.

Virtu makes markets globally and is excited to support new and innovative platforms for digital assets in this role. We see broadening adoption and increasing demand as the crypto markets continue to mature and embrace the risk management benefits and capital efficiencies of centralised clearing.”

About GFO-X
GFO-X is the UK’s first regulated and centrally cleared trading venue dedicated to digital asset derivatives.

GFO-X provides comprehensive risk management with clearing provided by the London Stock Exchange Group’s (LSEG) LCH SA DigitalAssetClear.

Combining proprietary high-performance technology with industry-leading partnerships and infrastructure, GFO-X delivers the requirements necessary to grow the institutional digital asset derivatives market.

Backed by M&G Investments and authorised by the UK Financial Conduct Authority (FCA) in 2022, GFO-X’s regulation-first approach has enabled it to partner with some of the largest financial institutions in the world.

GFO-X believes the digital asset futures and options markets will grow exponentially over the coming years as the asset class matures and more sophisticated investors begin to participate in greater size. By solving market constraints such as counterparty risks and technology challenges, GFO-X has been established to deliver a robust market structure and innovative products to propel the next leg of growth of the digital asset ecosystem.

Contact:

[email protected]
+44 7762943498

GlobeNewswire Distribution ID 1001096243

Jordan Condemns Israel’s Resumption of “Land Registration” in West Bank

Amman: Jordan reaffirmed its rejection and condemnation of Israel’s decision, as the occupying power, to resume the so-called “settlement of land and property rights” process, particularly in Area “C” of the occupied West Bank.

According to Jordan News Agency, the Ministry of Foreign and Expatriate Affairs described the move as a blatant violation of international law and a continuation of efforts to impose Israeli sovereignty over the occupied Palestinian territory.

The ministry’s official spokesperson, Ambassador Sufyan Qudah, stressed that the resumption of this policy contradicts international legitimacy and United Nations Security Council resolutions, especially Resolution 2334.

This resolution condemns all Israeli measures aimed at altering the demographic composition, character, and status of the occupied Palestinian territory since 1967, including East Jerusalem. It also affirms that all Israeli settlement activities in the occupied Palestinian territory, including East Jerusalem, are illegal unde
r international law.

Furthermore, Qudah referenced the advisory opinion of the International Court of Justice, which confirmed the illegality of the Israeli occupation, settlements, and annexation of occupied Palestinian land, emphasizing that Israel has no sovereignty over the occupied Palestinian territory.

Ambassador Qudah called on the international community to assume its legal and moral responsibilities by compelling Israel to immediately halt its aggression on Gaza and its dangerous escalation in the occupied West Bank.

He urged the international community to provide the necessary protection for the Palestinian people, stop the crimes committed against them, hold those responsible accountable, and support the Palestinian people’s legitimate right to establish their independent, sovereign state along the June 4, 1967 lines, with East Jerusalem as its capital.

ASEZA Reports JD10.7 Million in Revenue Through March

Aqaba: The Aqaba Special Economic Zone Authority (ASEZA) recorded JD10.7 million in revenue by the end of March, with expenditures totaling JD11.8 million, according to financial indicators released by the authority on Monday.

According to Jordan News Agency, the figures, announced by Tareq Al-Khawalda, Director of ASEZA’s Financial Affairs Directorate, reflect what he described as sound financial management and a commitment to transparency. Current expenditures stood at more than JD10.6 million, while capital expenditures reached JD1.2 million.

Speaking during a meeting chaired by ASEZA Chief Commissioner Nayef Al-Fayez, Al-Khawalda highlighted that the authority had completed testing its new financial system and issued a draft version of its 2024 final accounts. Coordination is ongoing with the external auditor to complete the auditing process, he added. The 2024 fiscal year was closed with no deficit, and the 2025-2028 budget allocations have been finalized.

The financial team processed 36 settlement entries totaling over JD29 million and reconciled accounts with affiliated companies. Inventory balances were verified against actual stock reports, and financial closing requirements were completed.

In asset and guarantee management, the authority audited fixed assets, extended 136 guarantees, canceled 74 guarantees and 73 checks, and liquidated four guarantees worth over JD8,000 as part of efforts to tighten financial oversight.

The cash and settlement unit recorded more than 12,000 financial transactions, with combined deposits and withdrawals exceeding JD23 million. ASEZA also tested the efficiency of its new Oracle financial system, uploading over 13,200 banking transactions and producing daily cash flow reports.

The administrative accounting division worked to align project data with the new system and processed more than 3,300 procurement requests and 25 commitment documents, in line with the approved budget.

In the area of receivables and obligations, the authority issued 1,744 checks worth JD20.7 million. The use of digital payment tools through the “Fawateercom” platform contributed to increased collection efficiency. Building and land tax collections, including both current and overdue payments, amounted to JD1.3 million, while fines collected totaled JD19,300.

Meanwhile, the taxpayer services division processed more than 6,000 inquiries, 548 clearance requests, and updated the records of nearly 3,500 taxpayers. The appraisal division completed 2,000 transactions during the same period.

Al-Khawalda said the financial results and operational milestones point to an advanced financial and administrative model based on spending discipline and digital infrastructure upgrades, in support of Aqaba’s broader development goals.