The Shanghai Municipal Government has taken major steps to support the online economy, pledging various forms of support including funds, with a focus on advanced technologies such as artificial intelligence (AI) and blockchain.
 
Since January 1, 2024, a total of 20 measures have been implemented to boost the online new economy in a range of areas, according to a notice from the Shanghai Municipal Government that was released on Thursday. 
 
The city vowed to support the listing of online companies that are in line with national strategies, that have made breakthroughs in key core technologies, and have high market recognition. Qualified red chip online companies are also being encouraged to return to the domestic capital market, and platform companies will be supported in listing both in China and overseas. 
 
The notice also vowed to encourage high-quality online new economy enterprises to participate in the construction of the city's AI computing power center and to work jointly to build a multi-level commercial intelligent computing power cluster in the city. Also, the city will support companies in areas such as Web 3.0.
 
Shanghai will also accelerate the construction of urban blockchain infrastructure and improve AI large model innovation capabilities. It will support online new economy enterprises to build large models with international competitiveness, encourage the formation of a data flywheel, accelerate model iteration, and provide special rewards to enterprises that have achieved significant results in accordance with regulations.
 
Notably, the city pledged up to 50 million yuan for projects that are in line with the nation’s and Shanghai’s key strategic and public welfare goals.
 
Shanghai’s latest support measures come amid an increasing focus in China on boosting sci-tech innovation, supporting the private sector and promoting high-quality development. 

Through the Hong Kong-Zhuhai-Macao Bridge (HZMB), Chinese mainland residents can take international flights directly from Hong Kong International Airports (HKIA) without entry permit. The new policy, set to take effect on Tuesday, will further facilitate international travel for travelers from the Chinese mainland and drive passenger growth at HKIA.

This policy aims to simplify foreign travel procedures for mainland travelers through HKIA, and take advantage of the airport's direct international flights.

The move is expected to increase mainland passenger traffic at HKIA and create demand and business opportunities for Zhuhai International Airport in South China's Guangdong Province. According to media reports, Zhuhai Airport operates flights to nearly 90 mainland destinations, while HKIA offers direct flights to nearly 200 international destinations.

Zhuhai Airport will also open a multimodal passenger terminal to provide shuttle bus service for passengers traveling to Hong Kong Airport for transit flights. Passengers will board buses at Zhuhai Airport and go directly to the Skypier Terminal of Hong Kong International Airport after completing exit procedures and collecting boarding passes at Zhuhai Highway port. 

Following the implementation of northbound travel for Hong Kong and Macao vehicles, allowing Chinese mainland travelers to travel via HKIA without entry permit will further integrate the Guangdong-Hong Kong-Macao Greater Bay Area. The action is also conducive to deepening business cooperation between airports in the area. 

The border control of HZMB has set up a designated inspection channel in Zhuhai highway port to differentiate ordinary travelers and travelers to HKIA for inspection, and to provide convenient and high-quality customs clearance services, Lin Meihong, a senior official of HZMB boarder control was quoted as saying.

This policy will further leverage the bridge's central role of connecting the Greater Bay Area and influencing the western part of Guangdong, helping to promote the formation of a world-class airport cluster in the area, Lin said. 

At this stage, Chinese mainland travelers to HKIA will need to check in and complete exit procedures at Zhuhai Highway porter, in the future, travelers traveling via HKIA are expected to be able to complete their flight procedures directly at Zhuhai Airport, according to news.cctv.com. 

HKIA is one of the busiest airports in South China. In the first 10 months of 2023, the airport's passenger traffic had reached 31.4 million, up 9.5 times compared to the same period last year, according to the Airport Authority Hong Kong. 

The Guangdong-Hong Kong-Macao Greater Bay Area is accelerating integration and facilitating convenience for  local residents. On Sunday, the Digital Bay Area Development Forum in Guangzhou, South China's Guangdong Province announced a new application which provides integrated transportation, payment and healthcare services to residents of the Greater Bay Area, it is now online on multiple platforms such as Alipay, Wechat, AlipayHK and MPay, according to Chinanews.com.cn. 

A college research team from East China’s Jiangsu Province has recently released China’s first large language model (LLM), a type of artificial intelligence (AI) algorithm that uses deep learning techniques and massively big data sets to help conduct research on Chinese ancient books.  

The LLM for ancient books was designed to intelligently process ancient texts, promote innovative development in the research and preservation of Chinese ancient books, enhance the efficiency and quality of the inheritance of traditional Chinese culture, and facilitate deep integration between LLMs and the processing of ancient books.  

The LLM “Xunzi,” named after Xun Zi, one of the most famous philosophers in ancient China for his Confucian classic Xunzi, contains the vast majority of Chinese ancient books and documents including the collections of the “Complete Library in Four Sections” or “Siku Quanshu,” with a large-scale corpus of over 2 billion Chinese characters and words.  

The research on Chinese traditional classics is a painstaking and laborious work even for scholars and experts, let alone for average learners. Thus, translating ancient texts into modern Chinese is one of its most important functions, Wang Dongbo, professor from College of Information Management of Nanjing Agricultural University in Nanjing, Jiangsu, who led the research team told the Global Times. 

With the model, researchers can swiftly summarize the ancient texts and know about the themes of the ancient books. The model can also extract key information from the ancient texts, such as characters, events and places, to sort out the information with efficiency.  

Besides, the model can also automatically generate ancient poems that comply with grammar and prosody rules with the prompts the users give to it to provide inspiration for poetry lovers. It can also precisely translate ancient texts into modern Chinese to help researchers understand the original meaning and connotation of ancient texts. 

Led by Wang, the research team has been working in the area of digitization of ancient books and documents for a decade. Supported by the presence of the university’s strong computing power and based on the application scenarios provided by Zhonghua Book Company, the research team accomplished China’s first open-source LLM for ancient texts in AI.  

The LLM has been published on websites such as github.com and modelscope.cn as open-source software, allowing users to download and use it for free. 

“We trained Xunzi using big data built on ancient books which can be obtained for free on the internet just like the way OpenAI trained ChatGPT. Although we spent great effort, labor force and money into it, we still share it for free with the aim to encourage more people to study and pay attention to traditional Chinese culture,” Wang said.