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CGTN: China, ASEAN join hands to write new chapter in regional integration
As Chinese and the Association of Southeast Asian Nations (ASEAN) leaders gather in Kuala Lumpur, Malaysia, a planned upgrade of the China-ASEAN Free Trade Area comes into the spotlight. This year, the two sides will formally sign the China-ASEAN Free Trade Area (CAFTA) 3.0 Upgrade Protocol to advance regional economic integration and global trade.
Since its launch in 2010, CAFTA has promoted the deep integration of the China-ASEAN economic and trade cooperation, injecting strong momentum into regional economic stability and growth and bringing tangible benefits to the people.
The China-ASEAN relationship has grown into the most successful and vibrant model for cooperation in the Asia-Pacific and an exemplary effort in building a community with a shared future for humanity, Chinese President Xi Jinping once stressed.
As each other’s largest trading partners for the fifth consecutive year, China and ASEAN have achieved numerous milestones amid rising external uncertainties.
Addressing the fifth Regional Comprehensive Economic Partnership (RCEP) Leaders’ Meeting in Kuala Lumpur on Monday, Chinese Premier Li Qiang said China will continue to support ASEAN centrality and, together with all parties, safeguard the stability of the regional multilateral trading system, calling for achieving more practical outcomes in RCEP cooperation and creating a bright future of shared prosperity.
Expanded cooperation
In recent years, under the strategic guidance of leaders from both sides, China and ASEAN countries have deepened practical cooperation across various fields. Economic and trade exchanges have maintained strong momentum, with trade volume and investment cooperation continuing to expand.
Bilateral trade value has soared from less than $8 billion in 1991 to nearly one trillion dollars in 2024. In the first three quarters of this year, China’s total imports and exports with ASEAN were valued at 5.57 trillion yuan (about $785 billion), an increase of 9.6 percent year on year.
With platforms such as the China-ASEAN Expo and the China International Import Expo, specialty products from ASEAN countries, including Cambodian rice, Thai latex pillows and Lao beer, have continued to enter the Chinese market. Meanwhile, Chinese products such as new energy vehicles, machinery equipment and electronic appliances have also made their way into ASEAN countries.
Numerous infrastructure projects, such as the Jakarta-Bandung High-Speed Railway and the China-Laos Railway, are having a positive impact across the region, enhancing connectivity and reducing logistics costs.
Openness and cooperation are valuable experiences explored and accumulated through practice and should be cherished and carried forward at all times, Li said during the 28th ASEAN Plus Three Summit in Malaysia.
Deeper regional integration
Standing at a new starting point, the region is broadening collaboration on infrastructure, digital and green transition, trade facilitation and people-to-people exchanges, paving the way for deeper regional integration. Notably, emerging fields such as digital economy, artificial intelligence, electric vehicles and clean energy are adding to the mutually beneficial cooperation between China and ASEAN.
In Vietnam, Chinese-made agricultural drones are helping farmers spray pesticide, making their work easier and safer. Meanwhile, at Laem Chabang port in Thailand, China’s electric and self-driving trucks have become reliable partners for the port workers. In Indonesia, the Cirata floating solar power plant, built by a Chinese company, has boosted the country’s renewable energy supply.
According to China’s Ministry of Commerce, CAFTA 3.0 will introduce nine new chapters, covering areas such as the digital economy, the green economy and supply chain connectivity. These new chapters are expected to help China and ASEAN promote broader and deeper regional economic integration under new circumstances and facilitate the integration of their industrial and supply chains.
Li urged continued commitment to resolving differences through dialogue and consultation, upholding free trade and the multilateral trading system, opposing all forms of protectionism, and steadily advancing regional economic integration.
For more information, please click:
https://news.cgtn.com/news/2025-10-27/China-ASEAN-join-hands-to-write-new-chapter-in-regional-integration-1HOH4LtABXi/p.html
Hashtag: #CGTN
The issuer is solely responsible for the content of this announcement.
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The 7th Cross-Strait Financial Forum and Taiwan-Funded Enterprise Development Forum
This year’s forum is an important supporting event of the 18th Cross-Strait Forum. During the event, nine Fujian-Taiwan financial integration projects were signed, with a total value of RMB 9.1 billion. The projects cover a wide range of financial services across areas including cross-strait industrial cooperation, water supply security for public welfare, capacity upgrades for long-established Taiwan-funded enterprises, technology and innovation industries, and modern agriculture. These initiatives continue to unlock the benefits of financial policies, promote shared access to financial resources for Taiwan compatriots and Taiwan-funded enterprises, and inject new momentum into industrial integration between Fujian and Taiwan.
At the forum, the Cross-Strait Wealth and Asset Management Cross-Sector Alliance was officially inaugurated. Supported by Jinyuan Group and jointly proposed by its affiliated financial institutions, the alliance was co-founded by Xiamen International Trust, Jinyuan Uni-President Securities, Yuanxin Yongfeng Fund, Fubon Bank (China), Junlong Life Insurance, and Xiamen Chang Gung Hospital, among others. Centered on serving the wealth management and asset management needs of people on both sides of the Taiwan Strait, the alliance aims to build a one-stop service platform covering asset allocation for Taiwan compatriots and Taiwan-funded enterprises on the mainland, family trusts and wealth succession planning, pension finance, and healthcare protection solutions.
The forum also unveiled a series of innovative financial achievements related to Taiwan. The banking industry’s first group standard dedicated to Taiwan-related financial services on the mainland, the “Specification for Taiwan-Related Financial Services of Banking Financial Institutions,” was officially released. At the same time, the “Bailufen” Taiwan Compatriot Financial Service Platform was introduced, further enhancing financial services for Taiwan compatriots living in Fujian and supporting the development of Taiwan-funded enterprises.
Hashtag: #StraitsFinancialForum
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Verdant Rock Receives BBB+ Long-Term Insurer Financial Strength Rating with a Stable Outlook from Fitch Ratings
“The infrastructure and capital markets we are targeting have been systematically underserved over the past decade. Verdant Rock enters this space with an investment grade rating, a strong capital position, the regulatory standing, the technical capability, and the long-term commitment that issuers and their advisers have been unable to find elsewhere.”
— Tolga Uzuner, Co-Founder, Chief Executive Officer, Verdant Rock Limited
The Fitch Ratings report can be accessed here:
Fitch Rates Verdant Rock at ‘BBB+’; Outlook Stable
Verdant Rock’s Class 3B registration can be verified via the BMA’s register of regulated entities (search “Verdant Rock”): https://www.bma.bm/regulated-entities
Notes to editors: For the May 2026 licensing announcement, see https://bernews.com/2026/05/walkers-supports-verdant-rock-licensing/
This announcement is (i) for information only; (ii) not an offer or solicitation to buy or sell any security, insurance product, or financial guarantee; and (iii) not for distribution in any jurisdiction where to do so would be unlawful. Forward-looking statements are not guarantees of future results, and Verdant Rock undertakes no obligation to update them. A credit rating is not a recommendation to buy, sell or hold any security and may be subject to revision, suspension or withdrawal at any time by the assigning rating agency.
Hashtag: #VerdantRock
The issuer is solely responsible for the content of this announcement.
ABOUT VERDANT ROCK
Verdant Rock Limited is a Bermuda-based insurance company, regulated by the Bermuda Monetary Authority, providing Basel III and Solvency II compliant financial guarantees in emerging markets, designed to qualify as eligible credit protection under Basel and major insurance solvency regimes, for the benefit of institutions globally.
Media OutReach
TVBS deploys AI translation for NVIDIA GTC Taipei keynote
Online viewers praised the translation quality, with comments including “The quality of this real-time translation is amazing,” “The translation is incredibly fast,” and “The live speech recognition quality is surprisingly good.” Some viewers assumed the subtitles came from NVIDIA’s official translation team.
The achievement demonstrates how Taiwan’s media industry is adapting to AI-driven transformation. TVBS is positioning itself as a leader in integrating proprietary AI development with real-world broadcast applications. The company completed optimization and deployment of the system in just nine days — a process that traditionally requires months of dedicated training, according to Andy Yang, manager of TVBS AI Future Technology Department.
Yang explained that the biggest challenge in real-time translation lies in balancing “content accuracy” with “reading fluency” under extremely tight time constraints. Huang’s speaking style is highly improvisational and frequently switches between English, Mandarin and Taiwanese, while audience applause and cheering often occur simultaneously.
Applying standard off-the-shelf translation software in such an environment would likely result in sentence segmentation errors and unclear semantic interpretation, Yang said. Rather than pursuing “zero-latency” translation at all costs, TVBS designed a subtitle presentation mechanism specifically tailored to the keynote format.
Prior to the event, the TVBS team conducted extensive cross-platform testing on multiple AI translation models, evaluating latency and error rates. By introducing a carefully calibrated broadcast delay, the system gained additional time to process semantic meaning and contextual alignment. This approach enabled smoother subtitles matching natural Chinese reading habits, Yang said.
The team also built a dedicated knowledge base for NVIDIA GTC Taipei, compiling AI industry terminology, product names and technical keywords in advance. This significantly improved translation quality and the accuracy of professional content delivery. TVBS’s real-time translation system can be customized based on different broadcasting scenarios, Yang noted.
Yang emphasized that the key to the rapid nine-day deployment was cross-department collaboration. Engineering teams handled hardware tuning and signal integration, while internal technical and content teams managed ongoing model training and refinement. TVBS established a collaborative workflow integrating both technology and editorial expertise.
Through continuous iteration and adjustment, the team incorporated Taiwanese linguistic nuances and natural Chinese phrasing into the system. This enhanced fluency and readability beyond what generic AI models alone could achieve, ultimately shaping what Yang called a distinct “TVBS AI style.” The approach reflects the company’s “3T” philosophy — Truth, Trust and Technology.
In his keynote at the Taipei Music Center, Huang focused on AI infrastructure, next-generation computing platforms and NVIDIA’s latest technological roadmap. GTC Taipei 2026 attracted significant international attention as AI continues to reshape global industries. Through its own transformation journey, TVBS hopes to help lead Taiwan’s media industry into a new era shaped by AI.
Hashtag: #TVBS
The issuer is solely responsible for the content of this announcement.
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