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China's Langzhong Ancient City Extends a Global Invitation to Experience Authentic Festivities

NANCHONG, CHINA -  Media OutReach Newswire - 9 February 2026 - On February 4, at a briefing on cultural and tourism activities for the 2026 Spring Festival hosted by the Sichuan Provincial Department of Culture and Tourism, Nanchong City announced an extended Spring Festival holiday (from the eighth day of the twelfth lunar month to the sixteenth day of the first lunar month of the following year, that is, from January 26 to March 4 of the solar calendar), inviting visitors from around the world to Langzhong, known as the "Ancient City of the World and Birthplace of the Spring Festival", to experience the most authentic and abundant traditions of the Chinese Lunar New Year. 
             
       The "Old Man of the Spring Festival" parades through the streets of Langzhong Ancient City while offering blessings.     
     
 The celebrations feature a wide range of programs designed to offer residents and visitors alike an immersive cultural experience. Visitors can explore the "Langzhong Stone Rubbing Exhibition for the Lunar New Year", which showcases precious rubbings of stone inscriptions dating back 1,500 years, and trace the past through their tangible imprints. They may also encounter the "Old Man of the Spring Festival" roaming the streets in traditional costumes to bestow blessings and offer traditional New Year's greetings. 
  To enrich the visitor experience, the ancient city has curated a wide array of interactive experiences, with millennium-old folk customs unfolding one after another. A vibrant intangible cultural heritage (ICH) market will present more than 40 nationally and provincially recognized ICH items. Visitors can try their hand at crafting delicate shadow puppets or cutting festive paper window decorations. They may also choose to watch a performance of the Ba Commandery Nuo Opera, a representative ICH item of Sichuan Province that blends ancient ritual practices with folk opera and carries a distinctive sense of regional mystique. Running throughout the festive period, the New Year Grand Temple Fair brings together cultural performances, themed exhibitions, and modern recreational attractions. Whether watching the large-scale cultural stage play Legend of Langyuan or experiencing water tours or low-altitude flights, visitors of all ages are sure to be thoroughly entertained. 
             
       Crowds fill the streets of Langzhong Ancient City, Langzhong City, Sichuan Province.     
     
 Langzhong's reputation as the "Ancient City of the World and Birthplace of the Spring Festival" stems from Luo Xiahong, an astronomer of the Western Han Dynasty, who compiled the groundbreaking  Taichu Calendar here. Luo was the first to incorporate the 24 solar terms into the Chinese calendrical system and to designate the first day of the first lunar month as the official start of the year, thereby establishing the Spring Festival as a fixed annual celebration. For this historic contribution, he is revered as the original "Old Man of the Spring Festival". This calendar profoundly shaped Chinese agriculture and folk life for more than two millennia, securing Langzhong's place as one of the cradles of Spring Festival culture. Today, Langzhong Ancient City stands ready to extend its warmest welcome to every visitor from afar, offering the most authentic New Year customs and the most heartfelt warmth of its people.Hashtag: #NanchongInformationOffice
The issuer is solely responsible for the content of this announcement.

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Beyond Borders: XTransfer Insights-Opportunity in the Overlooked: The Underserved SME Cross-Border Market

The B2B cross-border trade payment market is immense, yet remain highly underserved

HONG KONG SAR -  Media OutReach Newswire - 9 February 2026 - According to the World Bank, SMEs account for approximately 90% the world's businesses and contribute 65% of the global cross-border trade. SMEs play a pivotal rolein most economies, particularly in emerging markets. Estimates from the World Trade Organization (WTO) and the Organization for Economic Co-operation and Development (OECD) suggest that B2B cross-border trade payment market for SMEs is worth approximately $20 trillion. 
  However, traditional commercial banks have been facing multiple challenges in serving SMEs, including strict compliance and risk control requirements, lower profit generating, and license limitations, resulting in a large unmet demand through formal financial systems. 
  XTransfer's field research in emerging markets indicates that many SMEs resort to illicit settlement channels like underground banks out of necessity. In fact, the trade volume processed through these unofficial avenues could be 2 to 5 times larger than the official import and export figures. 
  Compared to other segments, B2B cross-border payment presents vast opportunities 
  In the cross-border payment industry, services can be categorised into four segments based on money flows: 
            
        Four segments in cross-border payment industry.     
     
 Marketplace 2B 
 These businesses provide payment processing services for sellers on e-commerce platforms. Risk control is primarily based on e-commerce platform's integrated of data streams (e.g., merchant details, logistics, transaction history). With relatively low technical barriers and compliance capabilities, the industry is highly saturated. 
  B2B 
 Focused on traditional cross-border trade enterprises, this segment has huge potential but features high risk control complexity and high barriers. Payment service providers must individually verify the entire information flow pertaining to each transaction (including buyer/seller details, orders, logistics, contracts, etc.), which results in many companies attempting to enter, but few succeed. 
  C2C 
 This primarily covers cross-border remittances between individuals. The overall market scale is relatively small, with limited use cases. 
  C2B 
 This is the most well-established segment, dominated by cross-border payment giants such as Visa, Mastercard, PayPal, and Stripe. The market is saturated with intense competition. 
  As a reference, the C2B cross-border payment industry has evolved dramatically over the last five decades, especially in the past ten years. Mobile wallet providers in China, the U.S. and Europe drove the mobile payment revolution, establishing a well-established cross-border settlement and risk control platform dominated by card schemes and wallets like PayPal. The system features significant advantages, including efficient transaction processes and unified risk control standards. 
  In contrast, B2B cross-border payments still primarily rely on traditional bank transfers. The sector as a whole is still on the cusp of the "mobile payment revolution" and has not yet formed a unified clearing mechanism or a standardized risk control system. 
             
       The payment sector need a new platform.     
     
 However, this development gap also points to a huge market opportunity. The B2B cross-border settlement market for SMEs desperately needs a shake-up. Service providers that possess a deep understanding of global customer needs and are equipped with technological and compliance capabilities will unleash vast growth potential in this space. 
  Beyond Borders: XTransfer Insights is a thought-leadership series that shares XTransfer's perspectives on the forces shaping global trade and financial services. Through research-driven insights and real-world observations, it highlights emerging trends, key challenges, and opportunities across international markets. 
Hashtag: #XTransfer #Crossborder #Payment #SMEs #whitepaper

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The issuer is solely responsible for the content of this announcement.

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