The Fifth China (Ningxia) International Wine Culture and Tourism Expo opened on Monday in Yinchuan, capital of northwest China's Ningxia Hui Autonomous Region.
The four-day event has attracted over 1,100 domestic and international guests, featuring 14 activities such as a winery and wine exhibition, an innovation competition, and an art biennial.
Ningxia boasts a unique terroir for making high-end wine, thanks to its prolonged sunshine and a cool, dry climate aiding the cultivation of grapes.
After four decades of development, Ningxia has become China's largest wine-producing region.
By the end of 2024, Ningxia had more than 40,000 hectares of wine grape plantations, which accounted for nearly 40 percent of the total nationwide, and an annual wine output of 140 million bottles. Its wines are exported to over 40 countries and regions.
Fifth China (Ningxia) International Wine Culture and Tourism Expo opens
The Macao Special Administrative Region government on Wednesday launched Macao Investment Management Limited, a public capital enterprise designed to anchor its new government-guided fund system.
To proactively align with the national 15th Five-Year Plan, the Macao government has established a government-guided fund to promote moderate diversification of Macao’s economy and to foster emerging industries in the long term. The newly founded company will serve as the management entity for the government-guided fund. It will oversee the fund's daily operations, financial management, and execution of investment decisions.
The Macao government emphasized that the company will operate on principles of long-termism and patient capital, following a model of government guidance coupled with market-driven execution. Its mission is to channel investment into strategic emerging sectors that fit Macao's industrial policies, fostering both industrial upgrading and closer synergy between Macao and the neighboring Guangdong-Macao In-Depth Cooperation Zone in Hengqin, Zhuhai, southern Guangdong Province.
Authorities also announced plans to convene a guided fund advisory committee, drawing on government officials, professionals, academics, and industry representatives to offer advice on the fund's policy orientation, strategic roadmap, and other major decisions.
Macao sets up public capital enterprise for government-guided fund management
