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World Elephant Day: Migrating elephant family grows after returning to habitat

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      China

      China

      World Elephant Day: Migrating elephant family grows after returning to habitat

      2024-08-12 17:05 Last Updated At:20:57

      An elephant herd who made their name in 2021 with an epic seven-month journey covering nearly 1,300 kilometers in southwest China's Yunnan Province have been once again in the spotlight around the World Elephant Day for their happy life and expanded family.

      Monday marks World Elephant Day, an occasion to raise public awareness about the protection of these giant animals. Three years ago, this herd of wild Asian elephants, known as a "short-nosed" family, captured global attention with their unprecedented migration. Starting from their natural habitat in Xishuangbanna, they left footprints all the way north, almost to the provincial capital city of Kunming.

      They have been living in the dense forests of the Xishuangbanna National Nature Reserve since their return in August 2021, and the family has continued to grow over the years.

      The latest footage shows several members of the family have had babies, and some now live together with other herds.

      Peng Jinfu is an elephant monitor, who tracks the movements of the tusked neighbors using different methods to provide early warning for nearby villagers.

      "The elephants we observed today belong to the 'short-nosed' and Ranran families. Typically, they emerge from the forest at around five or six o'clock in the afternoon to forage and return at around six or seven o'clock in the morning. During the summer and autumn months, they often roam the nearby villages," said Peng.

      In addition to monitoring, local authorities have also strengthened efforts to help those in need. A rescue center on the reserve has saved over 20 elephants from the wild so far, either injured or deserted.

      For the first time, the center tried to release one of them into the wild earlier this year after two years of training, which is seen as a breakthrough in conservation efforts.

      "The elephant was released into the wild after two years of training. We've been using drones and infrared cameras to monitor it, and so far, A Bao (elephant's name) has been in a good physical condition," said Wang Bin, director of the Xishuangbanna Asian Elephant Rescuing and Breeding Center.

      Experts say the world still faces multiple challenges and should join hands for the animals' well-being.

      "We hope to have more international exchanges and cooperation in the future. I think China's experience and practices in elephant monitoring, conservation and research are worth sharing with more countries. And we hope for more cooperation to protect this species through sharing these information and knowledge," said Chen Fei, director of the National Asian Elephant Research Center at the National Forestry and Grassland Administration.

      In Yunnan, preparations to establish a national park designated for Asian elephants are in full swing. The facility is expected to provide a larger and more complete habitat for the much-loved mammals.

      World Elephant Day: Migrating elephant family grows after returning to habitat

      World Elephant Day: Migrating elephant family grows after returning to habitat

      China's first-ever overseas RMB-denominated sovereign green bond has seen strong subscriptions from international investors following its issuance in London, UK, on Wednesday.

      The deal totals 6 billion yuan (about 833.33 million U.S. dollars), including 3 billion yuan for a three-year term with an interest rate of 1.88 percent, and 3 billion yuan for a five-year term at an interest rate of 1.93 percent. Both rates are lower than the yields on comparable treasury bonds in the Hong Kong Special Administrative Region secondary market.

      Notably, the London offering spurred strong demand from international investors -- drawing a diverse range of participants across various regions. Total subscriptions hit 41.58 billion yuan (about 5.7 billion U.S. dollars), 6.9 times the issuance value.

      "This issuance has attracted extensive attention from both domestic and international investors, drawing enthusiastic subscriptions from global investors, including monetary authorities, commercial banks, insurance companies and fund management institutions. The total confirmed subscription surpassed 40 billion yuan (about 5.5 billion U.S. dollars), more than six times the issuance value, demonstrating that global investors highly recognize China's sovereign credit and sustainable green development policy," said Zhu Min, chief market officer at the Bank of China London Branch.

      "I think it's a very, very positive signal. China is already a leading issuer of bonds in green format. We can see from the size of the order book for this transaction that there is already extremely large demand for Chinese government bonds in sustainable format. So I think both from an offshore perspective as well as potentially onshore, we can see this act as a catalyst for more international involvement in Chinese government bond market," said Bryan Pascoe, chief executive of the International Capital Market Association.

      The bond is held in the Hong Kong Monetary Authority's Central Moneymarkets Unit (CMU), and will be listed on both the Hong Kong Stock Exchange and the London Stock Exchange.

      According to industry insiders, this marks the Ministry of Finance's second issuance of RMB government bonds in London after a nine-year hiatus, underscoring its significance in further deepening and supporting China-UK cooperation in the green, economic, and financial sectors.

      "The issuance of the RMB-denominated sovereign green bond not only promotes infrastructure development for the offshore RMB market in London, but also introduces a green component to China's sovereign offshore multi-currency interest rate curve," said Zhu.

      China’s 1st overseas RMB-denominated sovereign green bond draws strong int’l subscriptions

      China’s 1st overseas RMB-denominated sovereign green bond draws strong int’l subscriptions

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