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Hello, I'm 0xDeadbeef!

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Hengdian Group

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Hi, i believe the issuance of China's first corporate bond for private firms in 2005 was in fact a significant breakthrough for capital markets nationwide. This is because all corporate bonds prior to this could only be issued by state-owned firms. Such a policy change marked sizeable economic growth spurred by the ability of private firms to raise capital for their development. Therefore this event was not only an important part of Hengdian's corporate history, but also in the larger historical context for private firms nationwide. Please consider the following rewrite with added background explanation, with consideration to article published by the SCMP, a reputable news source based in Hong Kong, as well as the following paper by NBER, a prominent American private nonprofit research organisation (https://www.nber.org/system/files/working_papers/w25549/w25549.pdf), which confirms on page 12 that commercial papers for private enterprises were launched in China in 2005. Thank you for your consideration.

"In a landmark step significant to the development of private enterprise and economic progress in China, Hengdian Group in 2005 became the first private firm in the country to issue a corporate bond. China had earlier that year established a new market for short-term bonds, creating a pathway for private companies to raise cheap capital to stimulate growth through the use of capital markets. Before this, bond issuance was available to state-owned enterprises (SOE) only. In accordance with this new policy, Hengdian was able to raise one billion yuan through a one-year bond in 2005.” LILING ZHANG (talk) 09:17, 29 September 2024 (UTC)[reply]

@LILING ZHANG: That still reads like promotional tone to me. Which source has said "a landmark step significant to the development of private enterprise and economic progress in China"?
And, what is your connection to the Hengdian Group? Have you been paid to edit? 0xDeadbeef→∞ (talk to me) 10:12, 29 September 2024 (UTC)[reply]
Hey, my parents are from there and I grew up in Hengdian town, where the company has been a big support to infrastructure development, hospitals etc. It's a company town, kind of like Hershey in Pennsylvania where a lot social facilities and housing were built by the Hersheys company too.
I haven't found a source that directly uses the line you mention so you’re right we shouldn’t use the word “landmark.” If you prefer to quote published sources, lets go with: Hengdian "became the first private firm in China to issue a corporate bond on the new short-term bond market.... marks a breakthrough for private companies which are eager to tap into the cheapest form of financing available on the mainland." These direct quotes come from the first and last paragraph of the SCMP news article, which uses purely factual language. The reason I believe this is not promotional but rather has news value (and hence why it was published) is because it was the first private company in China to issue a corporate bond, and being the first was a significant step the development of Chinese financial markets too.
I'd like to propose the new edit:
In 2005, Hengdian became the first private firm in China to issue a corporate bond on the new short-term bond market. This marked a breakthrough for private companies which are eager to tap into the cheapest form of financing available on the mainland. China had earlier that year established a new market for short-term bonds, creating a pathway for private companies to raise cheap capital to stimulate growth through the use of capital markets. Before this, bond issuance was available to state-owned enterprises (SOE) only. In accordance with this new policy, Hengdian was able to raise one billion yuan through a one-year bond in 2005. LILING ZHANG (talk) 05:54, 15 October 2024 (UTC)[reply]
Hi again, just a small reminder about my edit. I understand that this corporate bond isn’t big global news so there isn’t much international reporting about it. But in the context of China’s financial system, it was a big deal for the market that there was the first corporate bond issued by a private company, since before that it was ONLY state-owned enterprises that could do this. I’ve found this other piece of news from Sina News Online (again, I do get that it’s not significant for international media to be reporting it at that time) https://finance.sina.cn/sa/2006-02-07/detail-ikknscsi3069323.d.html?from=wap that you can read using a browser translator, if it helps. Thanks again for your consideration! LILING ZHANG (talk) 06:15, 30 October 2024 (UTC)[reply]

Tech News: 2024-41

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MediaWiki message delivery 23:38, 7 October 2024 (UTC)[reply]

Administrator Elections: Call for Candidates

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Administrator Elections | Call for Candidates

The administrator elections process has officially started! Interested editors are encouraged to self-nominate or arrange to be nominated by reviewing the instructions at Wikipedia:Administrator elections/October 2024/Call for candidates.

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MediaWiki message delivery (talk) 02:35, 8 October 2024 (UTC)[reply]

Tech News: 2024-42

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Latest tech news from the Wikimedia technical community. Please tell other users about these changes. Not all changes will affect you. Translations are available.

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MediaWiki message delivery 21:17, 14 October 2024 (UTC)[reply]

EnterpriseyBot again

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Hey Deadbeef. Seems EnterpriseyBot went down again. I just noticed it hasn't updated Vandalism information in a while. Think you can handle getting the bot back up again? Thanks! Jalen Barks (Woof) 16:07, 19 October 2024 (UTC)[reply]

Restarted. Should be fixed now. 0xDeadbeef→∞ (talk to me) 07:59, 22 October 2024 (UTC)[reply]

Tech News: 2024-43

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Latest tech news from the Wikimedia technical community. Please tell other users about these changes. Not all changes will affect you. Translations are available.

Weekly highlight

  • The Mobile Apps team has released an update to the iOS app's navigation, and it is now available in the latest App store version. The team added a new Profile menu that allows for easy access to editor features like Notifications and Watchlist from the Article view, and brings the "Donate" button into a more accessible place for users who are reading an article. This is the first phase of a larger planned navigation refresh to help the iOS app transition from a primarily reader-focused app, to an app that fully supports reading and editing. The Wikimedia Foundation has added more editing features and support for on-wiki communication based on volunteer requests in recent years.
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MediaWiki message delivery 20:49, 21 October 2024 (UTC)[reply]

Administrator Elections: Discussion phase

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Administrator Elections | Discussion phase

The discussion phase of the October 2024 administrator elections is officially open. As a reminder, the schedule of the election is:

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MediaWiki message delivery (talk) 00:23, 22 October 2024 (UTC)[reply]

Invitation to participate in a research

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Hello,

The Wikimedia Foundation is conducting a survey of Wikipedians to better understand what draws administrators to contribute to Wikipedia, and what affects administrator retention. We will use this research to improve experiences for Wikipedians, and address common problems and needs. We have identified you as a good candidate for this research, and would greatly appreciate your participation in this anonymous survey.

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BGerdemann (WMF) (talk) 19:23, 23 October 2024 (UTC) [reply]

Administrator Elections: Voting phase

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Administrator Elections | Voting phase

The voting phase of the October 2024 administrator elections has started and continues until 23:59 31st October 2024 UTC. You can participate in the voting phase at Wikipedia:Administrator elections/October 2024/Voting phase.

As a reminder, the schedule of the election is:

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Once voting concludes, we will begin the scrutineering phase, which will last for an indeterminate amount of time, perhaps a week or two. Once everything is certified, the results will be posted on the main election page. In order to be granted adminship, a candidate must have received at least 70.0% support, calculated as Support / (Support + Oppose). As this is a vote and not a consensus, there are no bureaucrat discussions ("crat chats").

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MediaWiki message delivery (talk) 00:30, 25 October 2024 (UTC)[reply]

Precious anniversary

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Precious
One year!

--Gerda Arendt (talk) 07:12, 26 October 2024 (UTC)[reply]

Thank you! What a year it has been. Not too busy, but I kept myself occupied. 0xDeadbeef→∞ (talk to me) 04:56, 27 October 2024 (UTC)[reply]

EnterpriseyBot back to not updating defcon

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Just letting you know because I saw an attempt to fix it a few days ago (which worked for a bit..) FifthFive (talk) 21:15, 27 October 2024 (UTC)[reply]

Tech News: 2024-44

[edit]

Latest tech news from the Wikimedia technical community. Please tell other users about these changes. Not all changes will affect you. Translations are available.

Updates for editors

Updates for technical contributors

  • Wikis can use the Guided Tour extension to help newcomers understand how to edit. The Guided Tours extension now works with dark mode. Guided Tour maintainers can check their tours to see that nothing looks odd. They can also set emitTransitionOnStep to true to fix an old bug. They can use the new flag allowAutomaticBack to avoid back-buttons they don't want. [26]
  • Administrators in the Wikimedia projects who use the Nuke Extension will notice that mass deletions done with this tool have the "Nuke" tag. This change will make reviewing and analyzing deletions performed with the tool easier. [27]

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MediaWiki message delivery 20:53, 28 October 2024 (UTC)[reply]

A barnstar for you!

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The Technical Barnstar
I used your migration guide to migrate to WikiAuthBot2 today. Went smoothly. Thanks for taking over that bot and getting it working again :) –Novem Linguae (talk) 21:02, 30 October 2024 (UTC)[reply]
Thanks! Still working on things to make it completely failsafe.. 0xDeadbeef→∞ (talk to me) 09:39, 2 November 2024 (UTC)[reply]

Administrators' newsletter – November 2024

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News and updates for administrators from the past month (October 2024).

Administrator changes

readded
removed

CheckUser changes

removed Maxim

Oversighter changes

removed Maxim

Guideline and policy news

Technical news

  • Mass deletions done with the Nuke tool now have the 'Nuke' tag. This change will make reviewing and analyzing deletions performed with the tool easier. T366068

Arbitration

Miscellaneous

Sent by MediaWiki message delivery (talk) 10:20, 3 November 2024 (UTC)[reply]

Tech News: 2024-45

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Latest tech news from the Wikimedia technical community. Please tell other users about these changes. Not all changes will affect you. Translations are available.

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In depth

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MediaWiki message delivery 20:47, 4 November 2024 (UTC)[reply]

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