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China launched the Shiyan-6

China launched the Shiyan-6, its first research vessel focusing on geophysical exploration and seismic acquisition and processing in Guangzhou, S. China’s Guangdong that has immediate access to the South China Sea. https://www.scmp.com/news/china/diplomacy/article/3093966/chinese-research-ship-launched-boost-exploration-activities

  • The Shiyan-6 ‘will help safeguard sovereignty and also maritime rights and interests’, says deputy director of oceanology institute
  • US$71.5 million vessel will be used for geophysics, ocean physics, sea-air interaction and other studies, according to state media
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Ant Financial, Alibaba’s payments arm IPO

Ant Financial, Alibaba’s payments arm & one of the world’s top fintech companies, announced on Monday its long-awaited IPO with a dual listing in Shanghai and Hong Kong soon. The company is valued at roughly $150 billion.
US-listed Chinese tech firm Alibaba’s shares opened 4% higher on Monday, after Alibaba’s financial arm Ant Group announced that it has commenced a concurrent IPO process on the Shanghai Stock Exchange’s Science and Technology Innovation Board and the Hong Kong Stock Exchange.

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Construction of a natural gas storage cluster has begun in western China

https://www.globaltimes.cn/content/1186133.shtml#:~:text=Gallery-,Construction%20of%20first%20gas%20storage%20cluster%20begins%20in%20western,total%20investment%20nearly%20%241%20billion&text=The%20construction%20of%20China’s%20first,billion%20yuan%20(%24990%20million). Construction of a natural gas storage cluster has begun in western China, with total investment reaching nearly $1 billion. The project will promote China’s natural gas storage capacity, which is far below the international standard of 12-15%.

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