Zeng Xiaopeng, deputy director of the Zhejiang Science and Technology Department, said on the 27th Zhejiang will deepen measures to make enterprises the lead in tech R&D and commercialization — granting firms the rights to set research topics, lead projects and carry out evaluations — and encourage more private companies to bid to lead designated challenges in artificial intelligence, integrated circuits and biotechnology.

Brazilian senator Flavio Bolsonaro, defeated in the election, said federal police have asked him to surrender his passport.

100-bln-yuan active private manager Zhongou Ruibo has begun external fundraising for a quant CTA strategy, its first externally offered quant product. The strategy was run with the firm’s own capital for about five years. Zhongou Ruibo now runs four quant strategies; three additional models remain under refinement and will be marketed once sufficiently mature. The firm focuses on mid- to low-frequency quant approaches, with strategy implementation varying by product.