Press Release
Festive frenzy: Spring Festival ignites China’s economy
CGTN recently published an article exploring how the extended eight-day Spring Festival spurred a surge in Chinese consumption. With more time to travel and spend, the holiday created a boom for businesses across the country. The article also highlighted the immense excitement for six highly anticipated blockbusters that hit theaters during the holiday, reflecting the growing cultural importance of cinema and its role in boosting the economy.
Festive frenzy: Spring Festival ignites China’s economy
Stocking up on Chinese New Year goods, visiting loved ones, indulging in reunion feasts and attending vibrant temple fairs – China’s Spring Festival, the most cherished traditional celebration, is not only a time for family reunions, but has also become a major driver of consumption.
This year, with the Chinese government designating New Year’s Eve as a statutory holiday, the Spring Festival holiday has been extended to eight days, creating even more opportunities for businesses to thrive.
Extended holiday fuels tourism boom
The eight-day holiday has sparked people’s tourism enthusiasm. According to the Ministry of Transport, this year’s Spring Festival travel rush is expected to set new records in total trips. Over the 40-day period, cross-regional travel is projected to reach 9 billion trips.
During this Spring Festival, many Chinese opted for both family reunions and travel. “The longer holiday gives me the flexibility to both visit family and take a trip,” said Fang Ying from Lanzhou City, Gansu Province, who plans to reunite with her family before heading to Japan for skiing.
Flight booking data from Qunar, a Chinese online travel agency, reveals that 50 percent more travelers are purchasing multiple tickets compared to last year, thanks to the extended break.
As this is the first Spring Festival following its inclusion in UNESCO’s Representative List of the Intangible Cultural Heritage of Humanity, destinations with unique local traditional cultural activities are drawing increasing crowds. Famous events like Quanzhou’s puppet shows, Shantou’s Yingge dance and the Yuyuan Garden Lantern Festival in Shanghai are becoming must-see attractions for both locals and tourists alike.
Outbound tourism has also reached new heights. According to Qunar, Chinese tourists visited over 2,100 cities worldwide, a 50-percent increase from last year. Ctrip, another online travel agency, reports that cross-border travel orders on the holiday’s first day were up by more than 30 percent. Top destinations include Japan, Thailand, the U.S., Singapore, Australia and Vietnam.
Foreign tourists join the festivities in China
Thanks to relaxed visa policies, such as the “240-hour visa-free transit” rule, more international visitors are choosing to visit China during the Spring Festival. Ctrip’s data shows a remarkable 203 percent year-on-year increase in inbound travel orders during the holiday, with tourists flocking from countries including South Korea, Japan, the U.S., Australia and the UK.
To enrich the visitor experience, many attractions have introduced special Spring Festival activities. For instance, Chengdu’s Wuhou Temple hosted a festive “Little Fortune God” event, where six foreign children were chosen as the “Little Fortune God,” a symbolic role believed to bring good fortune to themselves and their families in the year ahead.
A visitor from Singapore shared her experience with the China Media Group: “I heard the Yuyuan Garden Lantern Festival is a must-see event in Shanghai, and it truly lives up to its reputation.” This is her first trip to China, and she has already tried local delicacies like “da bing” (Chinese pancake), “you tiao” (fried dough sticks), “cifan” (glutinous rice rolls) and “dou jiang” (soy milk) in other Chinese cities.
To make travel easier for international visitors, many apps have launched their English versions. For example, Baidu Maps has introduced its English version, providing detailed information on over 1.5 million points of interest, from restaurants to shopping centers, helping eliminate language barriers.
Spring Festival film frenzy
While many travelers are exploring the world, others are enjoying China’s exciting Spring Festival film lineup.
This year’s movie season boasts several highly anticipated blockbusters, including “Ne Zha 2,” “Detective Chinatown 1900,” “Creation of the Gods II,” “The Legend of the Condor Heroes,” “Operation Hadal” and “Boonie Bears.” These movies span genres such as animation, mythology, martial arts, suspense and action.
On the first day of the Chinese New Year (January 29), box office revenue reached a record-breaking 1.806 billion yuan (about $251 million), surpassing the 2021 record of 1.693 billion yuan. By January 31, total box office earnings, including pre-sales, had already exceeded 4 billion yuan, with “Ne Zha 2” leading the pack at 1.3 billion yuan.
The success of these films underscores the rising popularity of domestic intellectual properties (IPs), signaling a promising future for the Chinese film industry. Analysts believe this trend will continue to fuel the growth of creative new works, further establishing Chinese film IPs as powerful global brands.
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Press Release
Mayfair Southern Expands Institutional Offering Through Strategic Global Banking Partnership
London, United Kingdom, 4th December 2025, ZEX PR WIRE— Mayfair Southern, an FCA-regulated appointed representative (AR) specialising in structured and fixed-income investments, today announced a new strategic relationship with a leading international banking institution. The collaboration will enhance Mayfair Southern’s ability to deliver regulated bond and fixed-income opportunities to its growing client base of professional and high-net-worth investors.
While the bank’s identity has not been formally disclosed, it is understood to be a London-based institution with a strong international footprint and a long-standing presence across key emerging markets. The partnership is expected to broaden Mayfair Southern’s access to global credit markets, enabling the firm to source high-quality, institutionally originated fixed-income products within a transparent and regulated framework. “Fixed income has always been a cornerstone of disciplined investing,” said a spokesperson for Mayfair Southern. “Our new partnership strengthens our capacity to offer clients access to regulated bonds and structured products that meet the highest standards of due diligence, governance, and performance potential.” Delivering Regulated Fixed-Income Solutions Mayfair Southern’s platform focuses on providing investors with exposure to regulated bond issuances and other fixed-income instruments designed to deliver stability and predictable returns within a risk-managed structure. The firm works exclusively with authorised counterparties and approved product providers to ensure all offerings comply with FCA standards. This latest collaboration will enable Mayfair Southern to offer a wider range of investment-grade bonds, infrastructure-linked securities, and other interest-bearing instruments sourced through its partner’s extensive international network. “Institutional-quality fixed-income access is typically reserved for large investors,” the spokesperson added. “Our goal is to make those opportunities available to private and professional clients in a way that is both accessible and fully compliant.” Strengthening the Firm’s Global Reach By aligning with a global banking partner, Mayfair Southern aims to extend its distribution and research capabilities, improving its ability to identify yield opportunities across different credit environments. This partnership also enhances the firm’s ability to monitor and manage risk, using institutional-grade analytics and independent oversight to maintain transparency for investors. Industry commentators have noted that regulated firms offering fixed-income products play a vital role in today’s market, where investors are seeking predictable returns amid macroeconomic uncertainty. The combination of Mayfair Southern’s compliance-led approach and its partner’s international reach positions the firm to serve as a trusted conduit between capital markets and investors seeking stability. About Mayfair Southern Mayfair Southern is an FCA-regulated appointed representative providing bespoke investment solutions for professional investors, institutions, and high-net-worth clients. The firm specialises in regulated bonds, fixed-income instruments, and other structured investments designed to deliver transparent, risk-adjusted outcomes.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Mayfair Southern Expands Institutional Offering Through Strategic Global Banking Partnership
London, United Kingdom, 4th December 2025, ZEX PR WIRE— Mayfair Southern, an FCA-regulated appointed representative (AR) specialising in structured and fixed-income investments, today announced a new strategic relationship with a leading international banking institution. The collaboration will enhance Mayfair Southern’s ability to deliver regulated bond and fixed-income opportunities to its growing client base of professional and high-net-worth investors.
While the bank’s identity has not been formally disclosed, it is understood to be a London-based institution with a strong international footprint and a long-standing presence across key emerging markets. The partnership is expected to broaden Mayfair Southern’s access to global credit markets, enabling the firm to source high-quality, institutionally originated fixed-income products within a transparent and regulated framework. “Fixed income has always been a cornerstone of disciplined investing,” said a spokesperson for Mayfair Southern. “Our new partnership strengthens our capacity to offer clients access to regulated bonds and structured products that meet the highest standards of due diligence, governance, and performance potential.” Delivering Regulated Fixed-Income Solutions Mayfair Southern’s platform focuses on providing investors with exposure to regulated bond issuances and other fixed-income instruments designed to deliver stability and predictable returns within a risk-managed structure. The firm works exclusively with authorised counterparties and approved product providers to ensure all offerings comply with FCA standards. This latest collaboration will enable Mayfair Southern to offer a wider range of investment-grade bonds, infrastructure-linked securities, and other interest-bearing instruments sourced through its partner’s extensive international network. “Institutional-quality fixed-income access is typically reserved for large investors,” the spokesperson added. “Our goal is to make those opportunities available to private and professional clients in a way that is both accessible and fully compliant.” Strengthening the Firm’s Global Reach By aligning with a global banking partner, Mayfair Southern aims to extend its distribution and research capabilities, improving its ability to identify yield opportunities across different credit environments. This partnership also enhances the firm’s ability to monitor and manage risk, using institutional-grade analytics and independent oversight to maintain transparency for investors. Industry commentators have noted that regulated firms offering fixed-income products play a vital role in today’s market, where investors are seeking predictable returns amid macroeconomic uncertainty. The combination of Mayfair Southern’s compliance-led approach and its partner’s international reach positions the firm to serve as a trusted conduit between capital markets and investors seeking stability. About Mayfair Southern Mayfair Southern is an FCA-regulated appointed representative providing bespoke investment solutions for professional investors, institutions, and high-net-worth clients. The firm specialises in regulated bonds, fixed-income instruments, and other structured investments designed to deliver transparent, risk-adjusted outcomes.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Brandon, MB, 4th December 2025, ZEX PR WIRE, Multicurrency functionality is a valuable feature for businesses that deal with international clients, suppliers, or operations. It allows companies to manage transactions, invoices, and payments in multiple currencies, providing flexibility and accuracy in global trade. However, there are scenarios where a business may choose or need to remove multicurrency features from their accounting software, whether due to a change in business strategy, compliance issues, or software limitations.
Removing multicurrency support can have significant implications on how financial data is recorded and reported. Typically, once multicurrency is enabled in an accounting system, it becomes deeply integrated with the way transactions are handled. This includes currency conversions, exchange rate tracking, and foreign currency reporting. As a result, disabling or removing multicurrency support is not always straightforward and often requires careful planning.
One of the primary reasons a business might decide to remove multicurrency functionality is if it has ceased international operations or consolidated its activities to a single currency environment. This decision simplifies accounting processes by eliminating the need to track fluctuating exchange rates and reduces the complexity of tax reporting. However, businesses must ensure that all existing foreign currency transactions are properly reconciled before multicurrency is removed. This often involves settling outstanding balances, converting open transactions into the base currency, and finalizing any exchange gains or losses.
Another consideration is the impact on historical financial data. Some accounting software does not allow multicurrency to be turned off once enabled because it affects the integrity of past records. In such cases, the business may need to create a new company file or accounting database without multicurrency features and migrate their current financial data accordingly. This process can be time-consuming and requires attention to detail to avoid data loss or inconsistencies.
It is also important to consult with accounting professionals before making any changes to multicurrency settings. They can help assess the implications for tax compliance, reporting standards, and audit requirements. Furthermore, they can assist with reconciling foreign currency transactions and ensuring that financial statements remain accurate and compliant with regulatory guidelines.
In conclusion, removing multicurrency features from accounting software is a significant step that requires thorough evaluation and preparation. While it can streamline accounting processes for businesses operating exclusively in one currency, the transition must be managed carefully to preserve data accuracy and maintain compliance. Seeking expert advice and planning the removal process diligently will help businesses navigate this change successfully.
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QuickBooksRepairpro.com is a leading QuickBooks File Repair and Data Recovery, QuickBooks Conversion, QuickBooks Mac Repair, and QuickBooks SDK programming services provider in North America, serving thousands of business users all over the world. With over 20 years of experience with Intuit QuickBooks, QuickBooksRepairpro.com assists QuickBooks users and small businesses with a variety of services and work with the US, UK, Canadian, Australian (Reckon Accounts), and New Zealand versions of QuickBooks (PC and Mac platforms).
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Mayfair Southern Expands Institutional Offering Through Strategic Global Banking Partnership
Mayfair Southern Expands Institutional Offering Through Strategic Global Banking Partnership
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