Day: November 25, 2022

The Qijiang shale gas field adds new geological reserve of 145.9 billion cubic meters

BEIJING, Nov. 25, 2022 /PRNewswire/ — China Petroleum & Chemical Corporation’s (HKG: 0386, “Sinopec”) has announced that the first phase of the Qijiang shale gas field has uncovered a major discovery in Sichuan Basin with a proven geological reserve of 145.968 billion cubic meters. The discovery, delivered by Sinopec Exploration Company and Sinopec Southwest Oil & Gas Company, is a major breakthrough in Sinopec’s “Project Deep Earth – Natural Gas Base in Sichuan and Chongqing.”

The Qijiang shale gas field is the first shale gas field discovered in medium-deep and deep strata in a complex tectonic zone on the margin of the basin. Shale gas buried at the depth of over 3,500 meters is defined as deep shale, and the burial depth of Qijiang’s shale formations ranges from 1,900 to 4,500 meters, with the majority being deep shale. With complex overlying strata, the project faced great challenges such as a significantly greater depth and variable ground stress.

To tackle the question of how a shale gas reservoir was formed in the basin margin with such complex surface and underground conditions, Sinopec’s team conducted more than 10,000 lab analysis tests on the core at the depth of 1,320 meters. This revealed the development and maintenance mechanism of deep shelf shale pores and identified the deep shale can develop vast reservoirs with high porosity, and also revealed the “sweet spots” of projecting the deep shale targets.

The team collected high-precision 3D seismic data of deep shale gas covering an area of 3,662 square kilometers in the complex zone of the southeastern margin of the Sichuan Basin as well as drilling data of existing wells in southern Sichuan. After repeated discussion and screening, Sinopec has innovated a deep shale gas seismic prediction technology with pressure coefficient and gas content, fracture prediction and horizontal ground stress difference as the core – the equivalent of performing a CT scan of the strata to achieve the breakthrough in predicting the “sweet spots” of deep shale gas.

Sinopec also developed a three-dimensional fracturing technology with “precision cutting, pressurization and expansion, balanced expansion and guaranteed filling” for deep shale, which has improved the daily shale gas production of a single well to break the 300,000, 400,000 and 500,000 cubic meters marks in succession.

For more information, please visit Sinopec.

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HONG KONG, Nov. 25, 2022 /PRNewswire/ — On 23 Nov, 2022, Antalpha Technologies Ltd, a digital asset platform for institutional partners, held a digital asset conference in Hong Kong. This conference, which gathered over 40 industry leaders from industry giants including Animoca Brands, BC Group, Riot Blockchain, S&P Dow Jones Indices and more, was held to explore the opportunities in digital assets investment amid the inflationary environment.

The digital asset market has been going through ups and downs in 2022, despite the recent turbulence in the market, many countries are still turning positive towards institutionalised digital assets, and Hong Kong has pledged to position itself as the digital asset hub. “The digital asset market is still in its infancy and we see huge potential in its development. The current slumping market may be the golden opportunity for investors to tap into the potential growth,” said Max Liao, Managing Director of Business Development from AntAlpha during his speech.

“The recent chaos in the digital asset market does remind us that we still have a long way to go until digital assets could become mainstream. However, looking back to the time when we are first introduced to the internet, the bubble burst soon after it booms, but you can see how dependant we are on the internet nowadays.” Jake Chan, Managing Partner from alternative investment platform Altive shared his view on the topic. Another speaker of the event, Sharon Liebowitz, Head of Innovation at S&P Dow Jones Indices said,”Digital assets are an emerging asset class with over US$1 trillion market capitalization, according to Lukka as of November 4, 2022. As market interest continues to grow, S&P Dow Jones Indices aims to bring greater transparency to this rapidly evolving market segment and provide market participants with multiple perspectives through our index solutions.”

A panel discussion with Josh Du from Animoca Brands, Dave Chapman from BC Group, Jason Chung from Riot Blockchain, Max Liao from Antalpha and Jake Chan from Altive, went further in discussing the trust and credibility issue and the opportunities amid the recent turbulence in the digital asset market.

“I believe the recent market turbulence will be short lived. FTX was a specific failure due to the lack of corporate governance, and not related at all to the technology of blockchain or the digital asset ecosystem. I’m very confident the industry will rebound given the increased technological adoption as well as improved regulation going forward.” Josh Du, Head of Digital Assets Portfolio from Animoca Brands shared at the panel.

“The FTX collapse crushed investor’s trust, however, I believe many participants will now start to recognize the regulatory space of digital assets. With regulatory support and the right incentive in place, I’m confident the market will return bullish with many opportunities that will emerge sooner than most appreciate.” Dave Chapman, Executive Director of BC Group shared.

“Although the digital asset mining market is cyclical, the long-term potential as a leveraged way to invest into digital assets remains strong. Our key focus in the meantime has been managing our balance sheet to ensure that we have enough liquidity to continue to grow during bear markets, in order to be well positioned to benefit when the cycle turns back in favor.” said Jason Chung, Head of Corporate Development and Strategy, Riot Blockchain.

About Antalpha Technologies Ltd:

AntAlpha Technologies Ltd is the financial services affiliate of Bitmain Technologies, one of the world’s leading providers of blockchain infrastructure. Antalpha is a key player in enabling institutional investors from both traditional finance and the blockchain space in the transition towards the global adoption of the emerging megatrend of digital assets.

Antalpha Official website: http://www.antalpha.com

HOHHOT, China, Nov. 25, 2022 /PRNewswire/ — The world’s biggest football event has kicked off. Since the beginning of 2022, Yili Group has announced sponsorship deals with some of the world’s best national football teams, including Argentina, Portugal, Spain, and Germany, as well as international football superstars such as Cristiano Ronaldo, Neymar, and David Beckham.

Yili believes that “Great Quality Comes from PASSION” and has therefore been a longtime supporter of sports development. The company has built a seventeen-year partnership with the Olympic Games, sponsors the CBA League and the Asian Cup and handpicked a world football “dream team” in 2022. All these efforts represent the dedication Yili commits to health and sports.

Yili’s handpicked football “dream team”

The Argentina national football team is renowned for quick direct attacks, Portugal’s team for well-balanced attack and defense capabilities, Spain’s team for its mastered “tiki-taka” style of short, quick passes, and the German team for its efficient and highly organized style of play. Their respective success is inextricably linked to their passion for the sport.

This passion is why Yili has also signed international football superstars, who have impacted the next generation. Cristiano Ronaldo is one of the world’s top goal-scorers, known for his tenacity, self-discipline, and growth mindset. Neymar is famed for not only his incredible skills but also for being a team leader who has brought the Brazil team back to glorious heights. Former owner of the Manchester United No.7 shirt and his famed curve shot, David Beckham, has inspired people around the world.

Yili shares the same passion for excellence with them and aspires to reach for glory, alongside this iconic football “dream team”.

New consumption scenarios

Yili has presented surprises for football fans. It has launched the “dream team” limited edition packaging, which features all of the football superstars signed by Yili. To attract more football enthusiasts, football-themed interactive campaigns have also been launched, involving prediction games and blind boxes.

Yili’s healthy dairy products, such as AMBPOMIAL yogurt, Meiyitian active lactobacillus drinks, and Satine organic milk, are best for bringing nutrients to football fans while watching late night matches.

Yili has developed innovative products and expanded consumption scenarios to meet customer needs. It supports global sports events and safeguards the health of consumers around the world by delivering nutritious and high-quality products.

Better life for everyone

Today, public awareness of fitness has already been greatly advanced. However, there is progress that can still be made. Therefore, Yili, remains dedicated to achieving the vision of “World Integrally Sharing Health”, as key and driving motivation. The company is taking action to safeguard consumer health by advocating for healthy lifestyles and by launching public campaigns to encourage more people to participate in physical activities.

Yili and its subsidiary brands have recently launched several new innovative campaigns. It has teamed up with China Youth Daily and Xiaomei.cc to encourage college students to make short movies highlighting their passion for football. Yili Nutrition 2030 has developed the “For Children’s Football Dreams” project, which provides professional training courses, uniforms, football kits and nutritional goods to children.

Living life with passion and to the fullest is itself, an inherent guiding principle. The formation of the “dream team” reflects Yili’s understanding of football and dedication to the health of all people. In the future, Yili will maintain this passion and strive to be a healthy food provider to the world.

Image Attachments Links:

Link: http://asianetnews.net/view-attachment?attach-id=434782

Caption: Yili builds a “dream team” with a full range of star players.

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Caption: Yili launches a “dream team” limited edition packaging

Link: http://asianetnews.net/view-attachment?attach-id=434791

Caption: Yili launches projects to help kids follow their football dreams

Photo – https://mma.prnewswire.com/media/1955305/1_Dream_team.jpg
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Photo – https://mma.prnewswire.com/media/1955307/3_Kids.jpg

SHENZHEN, China, Nov. 25, 2022 /PRNewswire/ — Two Peking University HSBC Business School (PHBS) programs, Master of Management (17^th) and Master of Finance (20^th), have been named global top 20 and ranked 1st in Asia by QS Business Masters Rankings 2023, among 600 graduate master’s programs from 40 countries. It is the first time PHBS degree programs have been recognized in an international ranking.

• Master of Management program ranked in the top 10% among 176 management programs globally
• Master of Finance program ranked in the top 11% among 189 finance programs globally

In terms of the five key metrics of QS Business Masters Rankings: employability, thought leadership, class and faculty diversity, return on investment, and alumni outcomes, PHBS stands out in graduate employability this year– its Master of Management and Master of Finance programs are placed in 12th and 8th respectively. Although pandemic has had a substantial impact on the job market, the employment rate of PHBS master graduates has bucked the trend and achieved a “triple jump” of 95.4%, 96.6%, and 97.6% in three consecutive years, according to the school’s annual employment report.

Located in Shenzhen, PHBS was founded in 2004 with the vision to advance Peking University’s commitment to global economics, finance, and management research. The school currently offers a doctoral program, specialized master’s programs, an MBA program, an executive MBA program, and numerous executive development programs. With internationalization as its goal, PHBS has been accredited by AACSB, AMBA and EFMD, and opened a new campus in Oxfordshire, England.

With a diverse group of faculty from the world’s leading universities, PHBS offers over 130 graduate-level courses in English per year providing students from home and abroad with in-depth Chinese educational experiences with a global perspective. The school continues to grow strong academically, as recent years have witnessed an increasing number of faculty publications in the world’s top academic journals.

https://english.phbs.pku.edu.cn/

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