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On May 8th, the Cyberspace Administration of China publicly solicited opinions on the draft implementation rules for cybersecurity labeling of consumer-grade connected cameras. The deadline for feedback is May 23, 2026. The draft clarifies that consumer-grade connected cameras refer to independent cameras purchased and used by individual consumers or organizations to provide audio and video information collection and processing services, and possessing internet connectivity. The draft proposes that the cybersecurity capabilities corresponding to the cybersecurity labels of consumer-grade connected cameras be categorized into three levels from low to high: Basic, Enhanced, and Advanced, represented by one star, two stars, and three stars respectively.Ukrainian President Zelensky: Ukrainian peace negotiators held substantive talks in the United States.On May 8th, the Cyberspace Administration of China, the National Development and Reform Commission, and the Ministry of Industry and Information Technology jointly issued the "Implementation Opinions on the Standardized Application and Innovative Development of Intelligent Agents." The document proposes developing intelligent agents for financial risk control to enhance risk identification capabilities in areas such as credit approval, transaction monitoring, and account security. It also calls for improving the anomaly detection and compliance auditing functions of intelligent agents to enhance capabilities in areas such as credit default prediction, credit card fraud interception, and anti-money laundering monitoring.On May 8th, the Cyberspace Administration of China, the National Development and Reform Commission, and the Ministry of Industry and Information Technology jointly issued the "Implementation Opinions on the Standardized Application and Innovative Development of Intelligent Agents." The document proposes cultivating open-source innovation capabilities. It guides domestic AI open-source communities to strengthen their intelligent agent deployment and promote compatibility and adaptation of intelligent agents with open-source chips, operating systems, and large-scale open-source models. It also encourages enterprises, universities, and research institutions to actively participate in open-source projects related to intelligent agent frameworks, interaction interfaces, and toolchains, promoting the integrated development of technological systems and accelerating the enhancement of international influence.On May 8th, the National Energy Administration, together with the National Development and Reform Commission, the Ministry of Industry and Information Technology, and the National Data Administration, issued the "Action Plan on Promoting the Two-Way Empowerment of Artificial Intelligence and Energy." The plan proposes to continuously increase the proportion of green electricity used in computing facilities. It strengthens guidance on the layout and planning of computing facility projects, using the proportion of green electricity usage as an important reference indicator to enhance the supply level of green computing power. It supports computing facilities in increasing their green electricity consumption ratio through participation in green certificate and green electricity trading. It promotes the green and low-carbon transformation of backup power supplies for computing facilities, encouraging the accelerated replacement of traditional fuel generators with clean energy for backup power supplies.

Asian Equities Decline As traders Assess China's Reopening Strategy

Mila Graham

Dec 28, 2022 16:05

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On Wednesday, Asian stocks were muted but the dollar maintained its strength as investors sought guidance in the wake of China's latest steps toward reopening its COVID-devastated economy.


The MSCI index of Asia-Pacific shares outside of Japan fell 0.13%, breaking a two-day winning streak and seemed destined to finish the year's final month in the red.


Australia's S&P/ASX 200 index fell 0.43% while Japan's Nikkei began 0.5% down.


The Hong Kong stock market began 1% higher while China's stock market was expected to open slightly down following China's declaration on Monday that it will no longer need incoming travelers to undergo quarantine beginning on January 8.


Expectations of a swift economic rebound have grown due to an infection peak that came sooner than expected.


Overnight, Wall Street declined as the U.S. Treasury yields put pressure on growth stocks that are sensitive to interest rates.


Investors have been attempting to predict how high the Federal Reserve will need to hike rates as it continues to tighten monetary policy in an effort to fight inflation without tipping the economy into a recession.


At 3.849%, the yield on 10-year Treasury bonds was down 0.9 basis points from the previous session's five-week high of 3.862%.


The yield on the 30-year Treasury bond decreased by 2.3 basis points to 3.920%, while the yield on the two-year U.S. Treasury bond decreased. These two yields often move in tandem with forecasts for interest rates.


A summary of thoughts from the Bank of Japan's December meeting, which was released on Wednesday, revealed that policymakers there considered the growing likelihood that increased wages will ultimately eliminate the possibility of a return to deflation.


The BOJ kept its ultra-easy policy at its meeting on December 19–20, but surprised the markets by changing its bond yield control strategy, allowing long-term interest rates to increase even further.


Investor attention will likely shift to who will run the BOJ after Governor Haruhiko Kuroda steps down in April, despite markets' growing hopes that the Japanese central bank will modify its stance.

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