The Canton Tower stands in Guangzhou, Guangdong province, on April 17, 2018. [Photo/VCG] BEIJING - An innovation index has been published to track the performance of companies based in the Guangdong-Hong Kong-Macao Greater Bay Area. The index, which was released by Shenzhen Securities Information Co., Ltd. and the China Center for Information Industry Development Tuesday, is based on 100 stocks covering advanced manufacturing, strategic emerging industries, modern services and maritime economy. The innovation index, including shares of industry giants such as Tencent, Ping An, Gree and Midea, is the flagship of a series of indexes for the Greater Bay Area to be developed by the two parties. It contains 38 information technology enterprises that account for over 25 percent of weighting. A composite index for the area was also launched at the same event Tuesday. All the indexes are based on equities listed at the Shenzhen, Shanghai and Hong Kong exchanges that are eligible for the Stock Connect programs. The Stock Connect are securities trading and clearing arrangements that link China's mainland stock exchanges to that of Hong Kong. The programs allow mainland investors to trade and settle shares in the Hong Kong market via their local exchanges, and vice-versa. The Greater Bay Area has a highly developed capital market. By the end of March, it had more than 750 companies that were listed on Chinese mainland and eligible under the Stock Connect programs with a total market capitalization of nearly 27 trillion yuan (about $4 trillion). The index series would play an important role in developing the area into an international science and innovation center and enhancing the financial sector's service to the real economy, said an official with the Shenzhen Stock Exchange. bracelet montre silicone
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China sends two satellites into orbit on a single carrier rocket for its domestic BeiDou Navigation Satellite System (BDS) in Xichang, Southwest China's Sichuan province, Feb 12, 2018. The twin satellites, which form a network with four previously launched BeiDou-3 satellites, were the fifth and sixth satellites in the BeiDou-3 family. [Photo/Xinhua] HARBIN - China will launch another 11 BeiDou-3 satellites by the end of 2018, adding to its domestic BeiDou Navigation Satellite System (BDS), said an official at an academic conference on Wednesday. China has already launched eight BeiDou-3 satellites. The satellites will provide initial services for countries and regions along the Belt and Road by the end of the year, said Wang Li, chairman of China Satellite Navigation System Committee. Addressing the Ninth China Satellite Navigation Conference in Harbin, capital of Northeast China's Heilongjiang province, Wang said the BeiDou system is moving to become a global service provider after offering stable and reliable time and space information for clients in the Asia-Pacific region. China launched the first two BeiDou-3 satellites into space via a single carrier rocket in November 2017, as its self-developed BeiDou system officially began to expand into a global network. Named after the Chinese term for the Big Dipper constellation, the BeiDou project was formally initiated in 1994. It began to serve China in 2000 and the Asia-Pacific region at the end of 2012. By around 2020, when the BeiDou system goes global, it will have more than 30 satellites. Compared to earlier generation satellites, the BeiDou-3 is able to send signals that are more compatible with other satellite navigation systems and provide satellite-based augmentation, as well as search and rescue services in accordance with international standards. Its positioning accuracy has reached 2.5 to 5 meters. The BeiDou system will coordinate with other technology, such as remote sensing, Internet, big data and cloud computing, in the future, said Wang.
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