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On May 23, it was reported that from January to April 2026, 20,113 new foreign-invested enterprises were established nationwide, a year-on-year increase of 6.8%; actual use of foreign capital amounted to RMB 287.69 billion, a year-on-year decrease of 10.3%. By industry, actual use of foreign capital in manufacturing was RMB 78.88 billion, and in services RMB 204.15 billion. Actual use of foreign capital in high-tech industries reached RMB 116.33 billion, a year-on-year increase of 20.3%, accounting for 40.4% of the total actual use of foreign capital nationwide, an increase of 10.3 percentage points compared to the same period last year. Among them, actual use of foreign capital in R&D and design services, computer and office equipment manufacturing, and electronic and communication equipment manufacturing increased by 108.4%, 22.9%, and 20.2%, respectively.On May 23, Minister of Commerce Wang Wentao met with Lao Minister of Industry and Commerce, Maraitshong, in Suzhou on May 21. The two sides were in China to attend the RCEP and CPTPP member dialogue. They exchanged in-depth views on further promoting China-Laos economic and trade relations, deepening cooperation in green minerals, promoting trade and investment in the new energy sector, and jointly safeguarding the multilateral trading system. Wang Wentao stated that in recent years, under the strategic guidance of the leaders of both countries, China-Laos economic and trade cooperation has yielded fruitful results. The Ministry of Commerce of China is willing to work with the Ministry of Industry and Commerce of Laos to take the 65th anniversary of the establishment of diplomatic relations between China and Laos as an opportunity to further promote bilateral trade development and investment cooperation in various fields, and to continuously elevate bilateral economic and trade relations to new heights.On May 23, Futu Holdings announced that as of May 23, 2026, the company had repurchased approximately US$160 million worth of American Depositary Shares (representing Class A ordinary shares of the company) under the share repurchase program announced on November 18, 2025. Depending on market conditions, the company may continue to execute repurchases from time to time under the existing share repurchase program.The Shenzhou-23 astronaut crew will undertake more than 100 new scientific and applied projects during their time in orbit.May 23 - A one-year space stay will implement my countrys first space human research program, verifying the ability to ensure the health of astronauts during long-term flights.

Crypto exchange FTX to acquire bankrupt Voyager’s assets

Cory Russell

Sep 28, 2022 14:50

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Crypto exchange FTX, whose rescue plan the insolvent institution had earlier this year been rejected, has acquired its assets in a $1.42 billion offer at an auction, according to Voyager Digital on Monday.


According to a statement from Voyager, the FTX offer consists of the fair market value of all Voyager cryptocurrencies at an unspecified future date, which is estimated to be over $1.31 billion at today's market pricing, plus an extra $111 million in additive value.


The business also said that the bankruptcy estate would continue to hold its claims against the hedge fund Three Arrows Capital and would distribute any available proceeds to the estate's creditors.


In June, Voyager sent a notice of default to the Singapore-based hedge firm for missing payments on a 15,250 bitcoin loan.


The business rejected an offer from FTX, the firm established by billionaire Sam Bankman-Fried, in July, calling it a "low-ball bid disguised up as a white knight rescue" that would obstruct its bankruptcy process.


Bankman-Fried has aggressively purchased the assets, technology, and customers of struggling crypto enterprises at low prices in an effort to support businesses in the precarious digital assets industry.


In addition to providing U.S. bitcoin lender BlockFi with a $250 million revolving credit facility in June and a contract granting FTX the ability to buy it depending on certain performance criteria, FTX disclosed in July a 7.6% investment in Robinhood Markets Inc.


During the COVID-19 epidemic, cryptocurrency lenders like Voyager had a surge in business, luring depositors with high interest rates and convenient access to loans that conventional banks seldom ever gave. The decline in the cryptocurrency markets has harmed investors and crypto firms, however.


In its Chapter 11 bankruptcy filing in July, Voyager estimated that company had between $1 billion and $10 billion in assets, as well as liabilities of a similar amount, and more than 100,000 creditors.

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