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On January 17th, the Ministry of Industry and Information Technology (MIIT) revised and released the latest "Management Measures for the Tiered Cultivation of High-Quality SMEs," improving the recognition standards and management service mechanisms to better leverage the demonstrative and leading role of high-quality SMEs in strengthening the industrial chain. The "Measures" expand the cultivation base, for the first time including technology-based SMEs in the tiered cultivation scope. Future high-quality SMEs will include technology and innovation-oriented SMEs, specialized and innovative SMEs, and specialized and innovative "little giant" enterprises. Furthermore, the "Measures" make further requirements in dynamic management and cultivation services to ensure the quality of cultivated enterprises. At the same time, the recognition standards for specialized and innovative SMEs and specialized and innovative "little giant" enterprises have been improved.January 17th - Starting February 1st, the "quiet carriage" service will be expanded to "D" and "G" series distributed power EMU trains, excluding sleeper trains. At that time, the number of trains providing "quiet carriage" service nationwide will increase to over 8,000.January 17 - Mazloum Abdi, leader of the Syrian Democratic Forces (SDF), said on the 16th that the armed forces would withdraw from the "contact zone" with Syrian transitional government forces in eastern Aleppo province in northern Syria. The Syrian transitional governments Ministry of Defense welcomed this move.On January 17th, Marex analyst Edward Meir stated, "After several weeks of strong gains, commodities as a whole have retreated due to some profit-taking. Easing tensions in the Middle East have also caused gold and other metals, especially silver, to lose some of their geopolitical premium." With the Iranian protests subsiding, US President Trump adopting a wait-and-see approach, and Russian President Putin intervening, geopolitical tensions appear to have eased. Meir said, "I still believe that gold prices have a chance to reach $5,000 at some point this year, but this will be accompanied by significant pullbacks."On January 17th, according to the official Weibo account of Weibos overseas celebrity business, Weibo and SM Entertainment have reached a strategic cooperation agreement. The two parties will collaborate deeply in areas such as music copyright, artist interaction, and content co-creation. SM Entertainment will open its music copyrights to Weibo for users to create derivative works, and its artists will interact with Weibo users through various means.

The operator of the Australian stock exchange delays software upgrading by twenty months

Charlie Brooks

Aug 03, 2022 11:02

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The Australian Securities Exchange stated on Wednesday that it will delay the redesign of its major share trading platform by up to twenty months, citing problems in achieving "scalability and resilience."


Clearing House Electronic Subregister System, ASX Ltd's plan to upgrade its equities clearing software, will not be finished until late 2024, the latest of numerous delays (CHESS).


The CHESS application enables the ASX registry to settle transactions. Since 2017, the exchange has sought to replace CHESS with blockchain technology in an effort to lower customer fees.


ASX, which has had a series of software failures, has announced that it would retain Accenture (NYSE:ACN) to perform an independent examination of the new CHESS program.


The exchange operator and its application software provider, Digital Asset, recognized that the program required more development than anticipated.


In a joint statement, Philip Lowe, Governor of the Reserve Bank of Australia, and Joseph Longo, Chairman of the Australian Securities and Investments Commission (ASIC), expressed their concern.


Lowe said that the ASX-initiated research was "crucial" for providing assurance that the new CHESS application software would be adequate for its intended function.


Longo added, "It is imperative that Accenture complete this study in order to provide assurance on the delivery of a solid replacement for CHESS and a high degree of confidence regarding the amended go-live date."

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