Chinese Wing Chun martial art unites people around world with great practicality, philosophy

Originating from southern China, the Wing Chun martial art -- a form of Chinese Kung Fu -- has been well-embraced by people around the world because of its function in keeping fit and the good philosophy it contains.

In an international cultural exchange TV program called "Harmony in Diversity", co-produced by China Media Group (CMG) and the Ministry of Culture and Tourism, Zheng Zujie, a Chinese Grand Master of Wing Chun, explained the history and the impacts of Wing Chun.

"This is our international exhibition hall. These are the current representative Wing Chun practitioners. Grandmaster Ip Man, Bruce Lee, and my master -- Master Joseph Cheng. Master Joseph Cheng was also the first to bring Wing Chun overseas. The book below - The Art of Simultaneous Defense and Attack - is the world's first book about wooden dummy. It was written by my master and published in London, England in 1976, in English," Zheng said.

"Wing Chun is very popular among foreigners all over the world and is still highly favored today," he emphasized while giving an example.

"This shows the event I participated in Europe's Malta back in 2018. It is for all ages, from kindergarten children to the elderly. These are all the signatures of the elderly, and this is a special souvenir with glazed tiles. This event really touched me a lot. Via teaching, I can feel that these foreigners not only like the practicality and the physical fitness that Wing Chun brings, but also the profound philosophy and connotations that Chinese culture contains," Zheng said.

There are also some foreign Wing Chun teachers abroad. Zheng highlighted one of them -- Keith R. Kernspecht.

"It should be said that Wing Chun has been promoted very well throughout Europe. There is a representative figure called Master Keith R. Kernspecht. He was my master's apprentice in London, England from 1970 to 1976. He is currently (2024) the chairman of the European WingTsun Organization (EWTO). We had never met each other before. He is nearly 80 years old now. But when we met, it was like a reunion of brothers who had been separated for many years, with a kind of special sincerity and sentiment.  I really felt that Chinese culture can bring people of different nationalities, skin colors and ages together, like a family. I'm really inspired," Zheng said.

"EWTO is the abbreviation of European WingTsun Organization. This is a photo of its 40th anniversary. It is a very touching moment for us Chinese people. It shows that our traditional Chinese culture is so highly respected in the West. According to incomplete estimates, the organization so far has nearly one million members, so it has a great influence in Europe," he added.

Sarah Kalbreier and Gianfranco Leandrin are Wing Chun practitioners in Germany. Not only have they benefited from this martial art personally, but also have won awards due to their exceptional performance.

"My name is Sarah Kalbreier. I have been practicing Wing Chun since 2010 and now I have an instructor certificate, and even a title of 'master'. Wing Chun not only will help children to build a stronger physique, but also show them how to behave correctly, how to be an upright person, and where is the bottom line for being a human," Kalbreier believed.

"This is my medal collection and they are very special for me, because it was also the first Wing Chung World Championship and was held at the Southern Shaolin Monastery. In addition to my gold medals, there is also something quite unique, which is my winner trophy. I became the champion at the tetrathlon," Leandrin shared.

Zheng said an initiative launched after the competition showed the great value within Wing Chun and the harmony it brings to unite people with different backgrounds.

"After the competition, we launched an initiative called 'Wing Chun has no bounds, the world is one family'. All the participants signed the initiative, committing themselves to promoting such a cause that benefits human civilization, health and development -- purifying hearts and stopping wars. Wing Chun has no bounds, the world is one family, with respect for diversity and upholding of the beauty of each civilization," Zheng said.

Chinese Wing Chun martial art unites people around world with great practicality, philosophy

The China Securities Regulatory Commission issued the newly revised Administration Measures for Significant Asset Restructuring of Listed Companies on Friday to provide stronger support for mergers and acquisitions involving listed firms.

Originally adopted on March 24, 2008, the measures officially came into effect on May 18 of the same year.

The newly revised measures establish, for the first time, a simplified review procedure. It clarifies that mergers between listed companies, as well as share issuances to purchase assets by high-quality companies (under the condition that the transaction does not constitute a major asset restructuring) --with standardized operations, a market value exceeding 10 billion yuan (about 1.4 billion U.S. dollars), and an A rating for information disclosure quality for two consecutive years -- will be subject to the "2 plus 5 plus 5" review mechanism. This entails acceptance within two working days, completion of the review within five working days, and registration within another five working days.

The measures, for the first time, establish an installment payment mechanism for the consideration of restructured shares. They extend the validity period of registration decisions for transactions involving a one-time registration and phased issuance of shares to purchase assets to 48 months. This innovative installment payment mechanism fully accommodates listed companies' need for flexible transaction arrangements, and is particularly effective in protecting their interests in cases where the valuation of sci-tech enterprises fluctuates significantly.

They also, for the first time, enhance flexibility regarding changes in the financial status of listed companies, horizontal competition, and the regulation of related-party transactions. By aligning with market principles and the needs of industrial development, the reforms effectively lower the institutional costs associated with mergers and acquisitions of listed companies.

"The newly revised regulations significantly streamline the procedures and improve the efficiency of acquisitions, which is conducive to promoting high-quality listed companies in achieving upstream and downstream integration within the same industry as well as cross-industry mergers and acquisitions. This supports their epitaxial growth, enhances the overall quality of listed companies, and boosts long-term stock performance. That means more investment opportunities for the capital market, and a greater sense of gain for investors, which will promote the long-term healthy development of China's capital market," said Dong Ximiao, chief researcher of Merchants Union Consumer Finance Co., Ltd.

China issues revised rules to boost mergers, acquisitions