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Spectacular parade held in Hong Kong to celebrate arrival of Chinese New Year

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      China

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      Spectacular parade held in Hong Kong to celebrate arrival of Chinese New Year

      2025-01-30 19:15 Last Updated At:19:57

      ⁠⁠⁠⁠⁠⁠⁠The Hong Kong Special Administrative Region held a grand international parade featuring nine spectacular floats and performing groups from around the world on Wednesday night to celebrate the arrival of the 2025 Chinese New Year on the day.   Themed "Unfold a Year of Good Fortune," the parade was organized by the Hong Kong Tourism Board. As the signature annual event on the first day of the Chinese New Year in Hong Kong, the parade kicked off a host of seasonal events across the region.

      A total of 55 performing groups from 14 countries and regions showcased a variety of performances, including traditional and modern dances, martial arts, and acrobatics, at the parade.   Among the nine floats, some featured elements of giant pandas and the zodiac snake, as the Chinese lunar year of 2025 is a Year of the Snake. During the intervals between the float appearances, performers from around the world delivered enchanting and passionate performances, wishing everyone a prosperous Year of the Snake.

      The zodiac snake ranks the 6th in the cycle of 12 zodiac animals on the Chinese calendar.

      "This year, being a Year of the Snake, carries a particularly strong New Year atmosphere. Both residents and tourists are filled with joy. During the Spring Festival of the Year of the Snake, I wish for a harmonious society in Hong Kong, where people from all walks of life unite to embrace a brighter future. I also wish for prosperity for our country and its people," said Pun Kwan-yu, a resident in Hong Kong.   "On the evening of the first day of the Chinese New Year, the float parade and performing groups presented a spectacular international joint performance for everyone. I wish for a prosperous economy and a harmonious society in Hong Kong. I also wish for our great motherland to enjoy favorable conditions and prosperity, and for the people to live in peace," said Ng Tang, president of the Hong Kong Shanxi Union Community Limited.   At 20:00, the parade began at the Hong Kong Cultural Center Piazza and then proceeded through Canton Road, Haiphong Road, and Nathan Road before concluding at the Sheraton Hong Kong Hotel and Towers.   After the event, the floats and performance stage will be displayed at another location in Hong Kong for people to experience the fusion of cultural arts and to share the joy and beauty of the festival.

      Spectacular parade held in Hong Kong to celebrate arrival of Chinese New Year

      Spectacular parade held in Hong Kong to celebrate arrival of Chinese New Year

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      China's financial institutions create business incubators for sci-tech startups

      2025-02-23 01:35 Last Updated At:02:27

      Financial institutions in China's Shanghai and Tianjin are building incubators for the development of sci-tech startups.

      In Shanghai, more than 40 sci-tech startups have settled in the Zhangjiang Incubator of the Pudong Development Bank Innovation Center, covering multiple fields such as integrated circuits, biomedicine, and artificial intelligence.

      The Zhangjiang Incubator not only provides offices, account settlement and policy declaration for the startups, but also helps them secure loans, negotiate business deals, and find investments.

      A company in the field of artificial blood vessels received a credit loan from the bank even without any income. Because it moved into the incubator, the bank knew its startup team, research progress, and growth very well.

      "The bank granted us a credit loan, and it was because of this credit loan that we completed the construction of our factory, which also helped us secure a new round of financing of 30 million yuan (about 4.14 million U.S. dollars). With the factory and this financing, we were able to enter the phases of clinical trials," said Dai Weimin, chairman of Sunna Technologies (Shanghai) Company.

      In north China's Tianjin Municipality, the Tiankai Higher Education Innovation Park was established, where enterprises in the park can benefit from joint support from technology, industry to finance. Financial institutions have set up branches in the park to provide comprehensive services for startups.

      "We do not meet the typical conditions for bank loans. Because we are in a special incubator environment of the Tiankai Higher Education Innovation Park and have an investment-loan linkage product from the Agricultural Bank of China, we are able to secure our first loan to overcome significant difficulties," said He Jianjun, general manager of Tianrun Hanyang Technology (Tianjin) Company.

      "Over 90 percent of the companies in the innovation park are early-stage private enterprises. We have launched several financial products tailored to the companies in the Tiankai Higher Education Innovation Park based on their characteristics. Meanwhile, we actively assist these enterprises in facilitating investment and financing connections and strengthen cooperation with small and medium-sized guarantee companies to address the medium- to long-term large financing needs of these businesses," said Han Le, deputy manager of the Tianjin Nankai Sub-branch of the Agricultural Bank of China.

      China's financial institutions create business incubators for sci-tech startups

      China's financial institutions create business incubators for sci-tech startups

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