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On September 20, the General Office of the CPC Central Committee and the General Office of the State Council issued the "Opinions on Promoting the Reform of Higher Education Institutions by Category." The Opinions point out the need to improve the mechanism for categorized development. This includes perfecting the scientific establishment mechanism for higher education institutions, strengthening national top-level design and macro-guidance; establishing a categorized management mechanism for higher education institutions, promoting the formation of a higher education governance system and governance methods adapted to the categorized development of higher education institutions; constructing a categorized evaluation mechanism for higher education institutions, building a multi-track, multi-entity evaluation system; improving the incentive mechanism for resource allocation; strengthening the talent supply and demand matching mechanism, and improving the mechanism for adjusting disciplines and majors and talent training models driven by national strategic needs.On September 20th, the General Office of the CPC Central Committee and the General Office of the State Council issued the "Opinions on Promoting the Reform of Higher Education Institutions by Category." The Opinions point out the need to optimize the categorized layout structure. It calls for the scientific construction of a categorized development system for higher education institutions, distinguishing between comprehensive and specialized basic directions, establishing a categorized framework, and creating diverse and adaptable categorization models based on affiliation. It also emphasizes coordinating the development of universities affiliated with central government departments and local universities; coordinating the allocation of higher education resources; coordinating and improving the talent cultivation structure; and coordinating the use of international and domestic resources. Furthermore, it stresses the need to stimulate the momentum of categorized development. This includes building a supporting force for serving major national strategies, leveraging the guiding role of the "Double First-Class" initiative in the reform of research universities; strengthening the foundation for serving regional economic and social development, implementing the construction project for high-quality, distinctive applied undergraduate institutions and disciplines, and optimizing the implementation of the high-level higher vocational school and professional construction plan; consolidating the support force for serving industry innovation and development, leveraging the traditional advantages of industry-specific universities, and strengthening their ability to serve the real economy; and constructing a new form of integrated development of higher education, exploring new models for cultivating top-notch innovative talents for the nation.On September 20th, the General Office of the CPC Central Committee and the General Office of the State Council issued the "Opinions on Promoting the Reform of Higher Education Institutions by Category," making systematic arrangements for promoting the reform of higher education institutions by category. The "Opinions" point out that promoting the reform of higher education institutions by category should adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, fully implement the Partys education policy, uphold the socialist orientation of education, strengthen the Partys overall leadership over education, adhere to the general principle of seeking progress while maintaining stability, fully grasp the political, people-oriented, and strategic attributes of education, adapt to the development characteristics of the popularization stage of higher education and the changing trends of the school-age population, coordinate education around national strategic needs, take overall planning as the guide, category-based reform as the driving force, and scientific evaluation as the facilitator, to build a self-reliant and excellent higher education system and accelerate the construction of a strong education nation.On September 20th, Nanjing issued a "Notice on Carrying Out Housing Provident Fund Withdrawal for Home Renovation and Property Management Fees." The notice supports withdrawals for home renovation. From September 20th, 2026 (inclusive), contributors and their spouses who renovate their owner-occupied homes within the Nanjing administrative region can apply to withdraw housing provident funds. The withdrawal amount is determined based on the renovation invoice amount, not exceeding 1,000 yuan per square meter, with a maximum total family withdrawal of 150,000 yuan. The application period is within one year from the date of the renovation invoice. Each family is limited to one renovation withdrawal application, and each property is limited to one renovation withdrawal application. The notice also supports withdrawals for property management fees. Contributors and their spouses who own owner-occupied homes within the Nanjing administrative region can withdraw housing provident funds to pay for the current years property management fees. If a property management fee invoice can be provided, the withdrawal amount is determined based on the actual amount of the property management fees paid in the current year, with a maximum annual family withdrawal of 5,000 yuan; if a property management fee invoice cannot be provided, the maximum annual family withdrawal is 1,000 yuan. Each family is limited to one property management fee withdrawal application per calendar year.On September 20th, the plenary session of the 2026 International Biomedical Industry Innovation Beijing Forum was held in the Beijing Economic-Technological Development Area on September 19th. The forum, themed "Gathering Global Innovation, Exploring the Frontiers of Life," released a number of the citys latest achievements in the pharmaceutical and healthcare industry. At the forum, Beijing announced 12 key projects to be launched in 2026, eight of which are located in the Beijing Economic-Technological Development Area, covering various types including regional headquarters, strategic emerging industry headquarters, and R&D and industrialization bases.

Oracle Sales And Earnings Exceed Forecasts Amid Cloud Surge

Aria Thomas

Jun 14, 2022 11:50

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Oracle Corp surpassed Wall Street projections for quarterly profit and sales on Monday, as demand for its cloud products surged in tandem with the industry-wide transition to cloud-based systems.


In extended trading, shares of the Austin, Texas-based corporation whose fourth-quarter sales increased by 5 percent soared by almost 12 percent.


Safra Catz, chief executive officer of Oracle (NYSE:ORCL), stated in a statement, "We think this revenue growth increase signals that our infrastructure business has entered a hyper-growth period."


Oracle, which projected a currency headwind of 5% in the fourth quarter, up from 2% to 3% in the third quarter, forecasts significant revenue growth in its cloud business despite growing inflation and a higher dollar.


Microsoft (NASDAQ:MSFT) in April and Salesforce (NYSE:CRM) Inc in May signaled a solid future for the cloud industry as corporations raise expenditure, but Microsoft reduced its fourth-quarter profit and sales prediction earlier this month owing to unfavorable currency exchange rates.


Oracle predicted a quarterly loss of $100 million in fiscal year 2023 due to the suspension of services in Russia.


However, the business anticipates first-quarter sales growth between 17 and 18 percent, thanks to its $28 billion purchase of healthcare IT provider Cerner Corp. (NASDAQ:CERN).


Oracle's prediction was released on a day when U.S. stock markets plummeted, with the S&P 500 confirming it was in a bear market, as investors feared that aggressive interest rate rises by the Federal Reserve may drive the country into recession.


The business anticipates adjusted first-quarter EPS between $1.04 and $1.08, compared to the average analyst expectation of $1.13.


According to IBES statistics from Refinitiv, revenue for the fourth quarter ended May 31 increased to $11.84 billion, above analysts' average forecast of $11.66 billion.


Excluding adjustments, the company's earnings per share were $1.54, above analysts' predictions of $1.37.