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The Financial Investment Industry Goes Digital with the Help of AsiaPresswire’s Distribution Platform

Hong Kong / SEAPRWire June 12, 2021/ AsiaPresswire's Distribution Platform has aided financial investment companies in their marketing and promotional efforts during the COVID-19 pandemic. The digital adoption wave has led to certain brands excelling over the past 6-7 months, as at-home workouts and health-conscious workarounds have accelerated sales revenue and online traction for multiple financial investment companies. Now, with AsiaPresswire's opportunities for multi-channel press release distribution, brands can amplify their online presence and catch the attention of financial investors through a targeted press release distribution campaign. Jarral Barrack of Infinite Investing Co., Ltd. cited the digital success of its company, making significant strides in online financial investment instruction. Infinite, in particular, generated $200 million in revenue in Q4, up 80% from the same quarter from the previous year. "The success is amazing, but the major players aren't the only ones that are benefiting from this online adoption," said Alex Xie, AsiaPresswire's VP. "We have worked with multiple small and midsize financial investment companies that have taken advantage of the growing digital financial investment landscape. The ability to target outlets through our platform provides them with the opportunities to get in front of potential clients that are looking to get fit and try new financial investment trends." The platform helps CEOs target top online media, such as BLOOMBRERG, APNEWS, BUSINESSINSIDER, YAHOO FINANCE, YAHOO NEWS, MARKETWATCH, MARKETSCREENER, FT.COM and NASDAQ, to gain greater brand awareness and publicity. "The powerful targeting capabilities allow executives to position their content in front of reputable outlets and publications within the financial investment industry," said Ellen Gates, AsiaPresswire's CMO. AsiaPresswire's Distribution Platform assists financial investment pioneers as they grow their influence across the industry. Compared to competing services, AsiaPresswire offers more reach and greater visibility so to help brands get better returns on marketing and communication spend. If you plan on going digital with your brand to target new audiences, find out how AsiaPresswire's Distribution Platform can help boost your brand awareness today. About AsiaPresswire AsiaPresswire is a marketing firm that offers customized online press release distribution solutions. These online PR distribution solutions are for PR firms, agencies, organizations & Corporates. It includes e-mail delivery directly to Editors who are targeted to media editors at newspapers, magazines, and broadcast outlets like TV and news/talk radio stations. They also cooperate with significant wire services like ACN Newswire, JCN Newswire, Dow Jones Factiva, Reuters Eikon, Bloomberg Terminal, Yahoo news etc. AsiaPresswire also provides a package to target different regions of the world and too different languages. These regions include Southeast Asia, Japan, South Korea, Vietnam, Philippines, Indonesia, Malaysia, Philippines, Singapore, China (Hong Kong, Taiwan), Russia, USA, UK, CA, AU, DE & many other countries. The Press releases could also be translated to English, Korean, Japanese, Chinese, Vietnamese, Thai, Malay, Indonesian, French, Portuguese & Spanish.   Skype: hk@AsiaPresswire.com Telegram: @AsiaPresswire   Media contact Company: AsiaPresswire Contact: Swallow Fox Email: hk@AsiaPresswire.com Skype: hk@AsiaPresswire.com  Telegram: @AsiaPresswire Website: http://www.AsiaPresswire.com   The article is provided by a third-party content provider. SEAPRWire ( www.seaprwire.com ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Indonesia, Thailand, Vietnam, Singapore, Malaysia, Philippines & Hong Kong )

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Plethori Is Offering Investment Opportunities into Leading Insurance, NFT, and Oracle Sectors

London, UK, May 31, 2021 - (ACN Newswire via SEAPRWire.com) - Plethori, a cryptocurrency ETF investment platform, is offering investment opportunities into leading Insurance, NFT, and Oracle sectors.In the crypto world, investment opportunities are plenty, but can appear scattered and complex. Plethori plans to help solve this problem. As crypto becomes more mainstream, emerging projects are combining the best of the traditional and decentralized markets in order to offer the greatest investment opportunities to serious investors. One such company is Plethori, a one-of-a-kind cross-chain investment platform built on the Ethereum and Polkadot blockchains. Their goal: to deliver Cryptocurrency Exchange-Traded Funds (ETFs) to the masses via their platforms.Plethori is a Cryptocurrency ETF Investment Platform that allows the open trading and creation of trustless ETFs by utilizing blockchain technology and layer 2 solutions. The service will allow investors to deposit capital in the form of PLE tokens and invest in a wide range of ETFs enabling investment into entire industries in cryptocurrency such as insurance, oracles, NFTs, Derivatives, Polkadot ecosystem projects, and many more.The cross-chain investment platform recently partnered with Shield Finance — a multichain DeFi insurance aggregator. Shield Finance has developed an insurance aggregator which enables investors to protect their portfolio against ‘black swan events such as hacks, exploits, rug pulls, market crashes. The partnership will provide Plethori's users with the power to insure their investments against negative price movement. Shield Finance will deploy Market Crash Protection contracts to cover the $PLE token. Holders will be able to insure their tokens against loss, giving them the ability to sell their $PLE at a guaranteed price (irrespective of current market price). Plethori also has plans to explore deploying the same insurance contracts to cover their range of available ETFs.Plethori Brings Financial InclusivenessSoon to be launched on the ethereum layer 2 solution Optimism, Plethori will be able to offer their users ultra-low transaction fees and fast trading whilst maintaining high security. The platform shall also provide ERC-721 integration, rewarding ETF creation and trading achievements and gratifying investment and trading. Plethori will utilize the Ethereum and Polkadot ecosystems, empowering traders by providing a wide range of ETF tokens to trade and invest in. This will allow for the leveraging of technology from both blockchains. The service will allow investors to create fully decentralized ETFs that can then be traded which will earn creators a share of the subsequent transaction fees. The leaderboard system will reward top-performing fund creators with NFTs which give perks on the platform and partner project platforms such as early access to releases and higher staking APY.Some of the key features on the platform include: Metamask Wallet connectivity for trustless non-custodial transactions; Blank Wallet integration for secure, private transactions; ultra-low fees on transactions; margin trading; leveraged trading; advanced charting features; detailed asset information; cryptocurrency market analytics; portfolio management tools; PLE token staking and farming and a lot more.Plethori GovernancePlethori Governance is the governance platform and a community forum where PLE token holders will be able to submit proposals and vote on platform changes which will be vetted and executed by using governance contracts. The community will be able to communicate with other equally dedicated members in the tiered groups on the platform and coordinate and propose changes to the Plethori ecosystem.The governance structure will be a complex but fair tiered system with each holder initially holding an equal single vote and their vote growing in value in response to certain factors relating to usage and involvement in the ecosystem.The metrics that will influence the governance tier level and strength of vote are: length of time holding PLE; length of time staking/farming PLE; frequency of usage of the Plethori platform; level of engagement in the Plethori Governance platform, and; community contributions.This system allows for community control, which holds true to the original cryptocurrency ideals of decentralization and democratization.The PLE token will additionally act as a governance token for the platform giving the community the power to direct the development and advancement of their goals. PLE token holders will be able to vote on the platform to determine fund parameters and new features. They'll also be able to influence decisions concerning the project such as ETF asset rebalancing or listing/delisting of assets. The changes proposed will be vetted and then voted on through the governance platform. Any changes will be applied automatically via smart contracts.ConclusionPlethori is bringing an era of financial inclusiveness through its cross-chain investment platform that offers several investment opportunities via Defi to one and all. Their interoperable platform allows for seamless trading between the Ethereum and Polkadot ecosystems.The platform guarantees more than simply an aesthetically thought-out UI but also an investor-centric feel to create the perfect blend between form and functionality.Social LinksTwitter: https://twitter.com/plethoriTelegram: https://t.me/plethoriMedium: https://medium.com/plethoriMedia ContactCompany: PlethoriContact: Callum Mitchell-ClarkEmail: info@plethori.comWebsite: https://plethori.com/SOURCE: Plethori Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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Hermitage Capital appoints Henry Zhang, former JPM investment banker as President and Managing Partner

HONG KONG, May 19, 2021 - (ACN Newswire via SEAPRWire.com) - On May 18, Hermitage Capital announced that former J.P. Morgan investment banker Henry Zhang will be joining as the firm's President and Managing Partner.Mr. Sean Xiang, Founder of Hermitage Capital and Mr. Henry Zhang, President of Hermitage CapitalHenry Zhang has over a decade of investment banking experience and held various senior positions at bulge bracket investment banks including Executive Director of Investment Banking Division at J.P. Morgan, responsible for investment banking in China's transportation, logistics and enterprise technology sectors; Vice President and Operating Officer of China Investment Banking at Morgan Stanley; and Associate Director of Asia-Pacific Investment Banking Department at UBS. He has successfully led and participated in over 60 transactions with aggregate transaction value of over USD60 billion. Some of his landmark transactions include Meituan Dianping's USD4.2 billion Hong Kong IPO (the world's largest community e-commerce IPO ever), ZTO Express's USD1.4 billion U.S. IPO (the biggest U.S. IPO in 2016), and BOC Aviation's USD1.1 billion Hong Kong IPO (the world's biggest leasing IPO ever), and the RMB43.3 billion backdoor listing of S.F. Holding.Moreover, Henry Zhang has led many landmark cross-border M&As in China and played a key role in the important negotiations. Some of the selected transactions include the acquisition of 49% stake of 10 global ports under the CMA CGM on behalf of China Merchants Port, the acquisition of 51.8% stake of Kerry Logistics on behalf of S.F. Holding, the acquisition of Toulouse Airport in France on behalf of Shandong Expressway and FPI, the sale of Istanbul Kumport (Turkey's third largest port) to a Chinese consortium comprised of China Merchants Group, COSCO and China Investment Corporation, the sale of a minority stake in Autostrade per l'Italia (Italy's largest expressway operator) to Silk Road Fund. Sean Xiang, Founder, Chairman and CEO of Hermitage Capital stated, "Henry Zhang has over a decade of experience in China and global capital markets. We believe that with his unique industry insights and outstanding deal sourcing capability, he will play a key role in developing Hermitage Capital into a leading private equity fund in Asia. I am very much looking forward to working with Mr. Zhang closely to continue investing in the leading enterprises in China's New Economy sectors, and to create excellent returns for our LPs."Henry Zhang said: "Since its establishment in 2017, Hermitage Capital has become one of the fastest-growing private equity firms in Asia. The partners at Hermitage Capital all came from top-tier global financial institutions. I am thrilled to join this platform and looking forward to working with the best talent in the industry. "About Hermitage CapitalEstablished in 2017, Hermitage Capital focuses on investing in the leading enterprises in China's New Economy sectors and has become one of the fastest-growing investment groups in Asia. It is headquartered in Hong Kong with an office in Shanghai. It has invested in 20 well-known private equity deals and the assets under management have exceeded USD1 billion. Four of its portfolio companies, namely Tencent Music (TME.US), Lufax (LU.US), 360 DigiTech (QFIN.US) and PINGAN OneConnect (OCFT.US) have been listed in the U.S. In addition it expects to have another five portfolio companies, including Ximalaya Inc. and WeDoctor Group, to be listed in Hong Kong or the U.S. by the end of 2021. Some of its other portfolio companies include Airwallex, Sensetime, Horizon Robotics, Medlinker, Ping An HealthKonnect, Haodf.com and VoxelCloud. Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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Starting its Industrial Investment in Biotech Companies, China Medical System (0867.HK) has Accelerated its Flywheel of Innovation

HONG KONG, Apr 26, 2021 - (ACN Newswire via SEAPRWire.com) - China Medical System Holdings Limited (0867.HK) ("CMS" or the "Company") has been active in the market this year. From the acquisition of Luqa to enter the medical aesthetic market early this year, the Company has attracted the attention of the market. Recently, it has announced the series of agreement signed with Trinomab Biotech Co., Ltd. ("Trinomab"). CMS will make equity investment in Trinomab, and establish a joint venture (the "Joint Venture") with Trinomab, contributed with cash and related products technologies by CMS and Trinomab respectively. The Joint Venture will entrust CMS with the clinical development and commercialization of all its products in Mainland China, Hong Kong, Macau and Taiwan, and Trinomab with the production of all its products. This collaboration marks the beginning of the CMS's industrial investment in cutting-edge biotech companies.1. What has CMS seen in Trinomab?The announcement has drawn even more attention from the market and people are curious about why Trinomab has successfully attracted CMS to make collaboration with it.Established in 2015, Trinomab was jointly founded by the worldwide known expert Dr. Liao Huaxin and the entrepreneur Mr. Zheng Weihong. It is an innovative global biopharmaceutical company dedicated to the R&D of original natural fully human monoclonal antibodies and providing corresponding scientific services.Trinomab has a new-generation, world-class, core patented technology platform highly regarded in the industry, the natural fully human monoclonal antibody R&D integrated technology platform HitmAb, which is dedicated to the development of original and efficient natural fully human monoclonal antibodies with independent intellectual property rights, suitable for the infectious diseases, autoimmune diseases and malignant tumors, etc. As the fourth-generation antibody technology, "natural fully human monoclonal antibodies" refers to fully human antibodies derived from natural human B-cell clones or its gene expression. It is marked by high safety, having broad spectrum to foreign pathogens and strong affinity with pathogen targets, which can solve the problem of anti-drug antibody reaction in the clinical use of antibody drugs developed by traditional technologies.Based on the HitmAb platform, Trinomab has developed more than 20 new native natural fully human monoclonal antibodies, including those against infectious diseases (e.g., rabies virus, tetanus toxin, cytomegalovirus, respiratory syncytial virus, varicella-zoster virus, novel coronavirus, etc.) and cancers among which, certain antibody products are in the process of rapid industrialization.For example, the Fully Human Hla Antibody of Trinomab contributed to the Joint Venture is a natural fully human antibody against Staphylococcus Aureus (SA) infection, developed via the HitmAb platform, and is now in the preclinical stage. This product neutralizes the alpha-hemolysin (Hla) released by SA to avoid immune downregulation to B cells and to improve immune response. For severe and high-risk patients with SA colonization, compared with antibiotics which are commonly used clinically, Fully Human Hla Antibody of Trinomab has good safety and the preclinical studies have shown good Hla toxin neutralizing activity. It is expected to solve the problems of high mortality, resistance to treatment and side effects from SA infection.With its HitmAb platform technology, Trinomab is constantly discovering new antibodies to advance the iteration of antibody drugs. In addition to keeping projects that are in line with its own strategy for self-development, Trinomab co-develops the rest with partners in the industry, which gives CMS (0867.HK) the opportunity to make this collaboration. From the announcement of CMS, we can find that other than to the product to be incorporated into the Joint Venture, the two sides will negotiate to promote the priority collaboration on other specific products, so we can expect more projects to be incorporated into the Joint Venture in the future. In General, Trinomab owns a cutting-edge technology platform and can continue to promote the R&D and production of innovative drugs through the technology platform. While having great development potential, the strength of Trinomab's team is also quite impressive. So why did Trinomab still gladly accept the olive branch passed by CMS?We believe that although Trinomab has considerable advantages in technology platform and drug R&D, promoting the clinical development and commercialization of new drugs is a major challenge of the channel resources for pharmaceutical companies, and at present, Trinomab does not have the advantages in the clinical and commercialization capabilities, and the accumulation of these capabilities and resources does not happen overnight. Therefore, CMS, which has rich domestic channel resources and strong commercialization ability, chooses to join hands with Trinomab to achieve a win-win combination, which opens up a fast track of commercialization for its subsequent products, and will play an important role in promoting the overall healthy development of Trinomab.2. Taking this collaboration as a model, CMS will initiate the industrial investment in biotech companies and accelerate the "flywheel" of innovative R&DFrom the above, we can see that CMS is precisely interested in the core technology platform of Trinomab. This kind of collaboration is not without a precedent. As early as in 2018-2019, Trinomab had reached cooperation agreements with Changchun BCHT Biotechnology Co. and Wuxi Biologics, etc. It can be seen that the Trinomab's capability of monoclonal antibody drug R&D based on its patented antibody R&D platform has been fully recognized and supported by well-known companies in the industry.CMS has been working in the industry for many years and has been highly focused on the two core segments of the pharmaceutical industry chain - R&D and marking. CMS' promotion capability is undeniable, with an academic network covering about 57,000 hospitals and medical institutions nationwide and a professional academic promotion team of about 3,300 staffs. And the Company has created leading market positions for its many branded drugs. It also achieved fruitful results in the past through equity investments in overseas biotech companies or strategic cooperation with leading pharmaceutical companies for collaborative R&D. In the past three years, CMS has rapidly acquired more than 20 innovative products with unique and differentiated competitive advantages, such as Diazepam Nasal Spray, Tildrakizumab, Cyclosporine Eye Drops 0.09%, etc., demonstrating its strong innovation ability.The collaboration with Trinomab is an active exploration of CMS' industrial investment in innovative biopharmaceutical companies. In the past, the Company has always been focusing on overseas markets, but with this collaboration, it also marks the official opening of CMS' industrial investment in domestic cutting-edge biotech companies.So, what are the features and advantages of this investment?a. Exploring a new model for industrial investment and building a unique competitive product innovation capabilityUnlike simply building its own R&D team or purely introducing products for sale, CMS has been focusing more on the two core parts of the pharmaceutical industry chain, product competence and promotion capability in its past development. Base on this, in the past, to achieve effective integration of pharmaceutical companies and related resources, the Company's product pipeline was often more product-based, that is, to invest in a company for a certain product. It can be seen that so far CMS has invested in the equity of 8 overseas biotech companies and has made strategic cooperation with 6 leading overseas pharmaceutical companies.CMS has developed strong product selection capability and is able to continuously find innovative drugs with market potential in this path. However, due to the emphasis on product selection, there is no direct relationship between new products, or between the companies the Company invested in, making it difficult to achieve a unified effect. Based on this, CMS further optimized its investment layout and began to focus on cutting-edge technology platforms to explore new products. The benefits of doing so include not only expanding the number and scope of selected products and achieving effective synergy within the platforms, but also forming an organic iteration of innovative products and achieving deep control of the industrial ecology.From the collaboration with Trinomab, through equity investment + establishment of the joint venture, CMS has made early involvement in the domestic leading technology platform and innovative resources, and advanced its current pipeline of mainly mid- and late-stage products to the early stage, so as to rapidly enrich the innovation pipeline, and realize the expansion from the "point" of investing in innovative drugs as the core to the "extension" of investing in innovative technology platforms, in order to form an industrial investment model that can be rapidly duplicated in the future. Under this model, CMS will actively explore leading technology platforms for cooperation, so as to continuously strengthen its core competitiveness in innovative R&D and introduce cutting-edge innovation results, to build a unique product innovation capability.b. Achieving complementary advantages and giving full play to CMS' clinical development and commercialization strengthsBehind the Company's industrial investment in domestic cutting-edge biotech companies lies not only its own financial or product selection strength, but also the strengths in innovative R&D and product commercialization.From the perspective of clinical promotion ability, the completion of clinical enrollment of 220 patients for the blockbuster innovative drug Tildrakizumab in just around two months fully proves that CMS has the hard strength to quickly enroll patients and promote the clinical development with the synergy of its network and expert resources.In addition, in terms of commercialization ability, the Company has been in the industry for more than 20 years, with its accumulated extensive industry resources, CMS is able to undertake the commercialization of innovative products and achieve rapid sales growth in its efficient operation system, and ultimately achieve an efficient cash flow cycle. CMS' commercialization ability is not purely based on its sales capability, as we can see the Company's selling expense ratio has been maintained at about 22% for years, which is relatively low compared with the industry level, it can be illustrated that CMS is not only very compliant in sales and promotion, but also attached great importance to differentiation advantages and market demands of products rather than blinded innovation, so as to build strengths in its products and brands and achieve win-win for its own economic benefit and the society.c. Featured with light assets and high efficiency, CMS is aimed at creating VIC model 2.0At present, there are mainly three models of the innovative drugs R&D in China, namely, big pharma model (independent R&D), biotech model (license in/out) and VIC model (active capital investment).The big pharma model is often applied to large pharmaceutical companies, as it requires pharmaceutical companies to have sufficient profit-making products to support their investment in R&D. The model requires companies to focus more on the creation of R&D pipeline, as well as the cultivation of research and sales teams, which is apparently an asset-heavy business model.The biotech model is an R&D model based on drug licensing and development. Under this model, pharmaceutical companies have the key R&D technologies, so they can generate revenue through "License out" clinical stage products, and diversify their R&D pipeline through "License in".The VIC model is a combination of "VC (venture capital) + IP (intellectual property) + CRO (R&D outsourcing)", which is also known as the active new drug investment model. Under this model, the party that owns the IP receives venture capital, sets up a project-based company, and collaborates with a CRO in R&D. Similar to this model, CMS' industrial investment in innovative biotech companies is featured by being relatively asset-light, low-cost and highly efficient, which can save investment and achieve high cost-effectiveness. For example, with this model, CMS does not need to build its own labs, factories, etc. It acts more as an industry integrator and predator to explore innovative products and technology platforms, and uses its own advantages to integrate resources and continuously realize the incubation and commercialization of innovative products.The difference between CMS' industrial investment model and VIC model is that the leading party of VIC model is the capital, whose understanding of the industry and contribution to product innovation is very limited. In contrast, CMS' industrial investment is a more advanced version of the VIC model, in which the leading party is CMS. With accumulated resources in the industry for a long time and deeper understanding of products, CMS is more capable of promoting the R&D and commercialization of innovative drugs, and is able to create a systematic, replicable and long-term competitive industrial investment model of innovative drugs. CMS will also build a highly competitive barrier for itself in the industry, and with the maturing of the platform ecology, its business will be expanded and the business potential will be unleashed continuously.3. ConclusionBased upon the current situation of China Medical System (0867.HK), its existing business has maintained a solid development momentum, with its FY20 annual report showing that the turnover up by 14.4% year-on-year to RMB 6.946 billion, net profit up by 30.7% to RMB 2.556 billion; bank balance, cash and realizable acceptance bills totaled RMB 3.114 billion as of December 31, 2020. The excellent performance shows that the Company has the necessary strength to support its industrial investment in innovative drugs and actively explore innovative platforms and projects in the industry.At the same time, this model is being continuously optimized in order to make it replicable. With the emergence of the platform ecology of the Company, top advantageous resources in the industry will be absorbed, and the platform will eventually become an important birthplace of innovative products. And the value generated from continuous commercialization will in turn feed the entire ecology, and the flywheel of the Company's growth will also be fully accelerated.From another perspective, CMS is not the "star" chased by capital, but more like a "producer" in the pharmaceutical innovation industry, who constantly incubates quality projects to meet the market demand and realize the continuous leap of its own value through the integration and optimization of industry resources.Gelonghui Statement: The views in this article are from the original author and do not represent the views and position of Gelongghui. As a special reminder, investment decisions need to be based on independent thinking, the content of this article is for reference only, not as actual operational advice. Trade at your own risk.Gelonghui Statement: The views in this article are from the original author and do not represent the views and position of Gelongghui. As a special reminder, investment decisions need to be based on independent thinking, the content of this article is for reference only, not as actual operational advice. Trade at your own risk.By Gelonghui Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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Legend Holdings Announces 2020 Annual Results, Revenue and Net Profit up by 7%

HONG KONG, Apr 1, 2021 - (ACN Newswire via SEAPRWire.com) - According to South China Morning Post's news, Legend Holdings Corporation (3396.HK) announced annual results of the Company and its subsidiaries for the year ended December 31, 2020. Revenue of the Company recorded RMB416.765 billion, representing an increase of 7% yoy. Meanwhile, net profit recorded RMB3,868 million, also representing an increase of 7% yoy. It was mainly due to the profitability improvement of Lenovo, EAL and Levima as well as the increased return of the financial investment segment. Although the COVID-19 brought many adverse effects on the production and operation of invested enterprises in the first half of the year, Legend Holdings took a number of measures to hedge its exposure to the epidemic, which is manifested to be effective later on. In the second half of the year, the net profit attributable to the equity holders of the Company was RMB3,231 million, up 243% year-on-year and over 400% compared with the first half of the year.Mr. Li Peng, CEO of Legend Holdings, said: "Uncertainties intensified in 2020, however, the results showed that our portfolio companies were able to effectively counter the impact of the pandemic on their operations. Although each company was facing various challenges, they could resume operation and production instantaneously. All business lines were able to maintain the stability of their operations during the pandemic, and many of them were even able to seize the opportunities arising from the crisis to break new ground. As we looked back at 2020, thanks to our profound business experience and effective management system, Legend Holdings steadily fought through the challenging economic environment and obtained a solid foundation for the sustainable development in future."The strategic investment segment is regarded as the basis of Legend Holdings' business, which contributes more than RMB400 billion of revenue and more than RMB550 billion of assets. The business covers five major sectors and the Company participates in more than 20 enterprises. The strategic investment segment operates steadily throughout the year, and if the substantial loss of Car Inc. in 2020 and the one-time income brought about by the listing of Lakala in 2019 are excluded, the net profit attributed to equity holders in strategic investment segment of the Company is roughly the same as the same period last year. During the Reporting Period, the IT segment's revenue increased by 8% year-on-year to RMB384,992 million. Net profit attributable to equity holders of Legend Holdings increased 30% to RMB2,093 million. Since the outbreak of COVID-19, many business sectors of Lenovo have maintained impressive growth due to changes in lifestyle and work habits, of which the PC and Smart Device business achieved record revenue of RMB308,146 million, an increase of 11% yoy, and Data Centre Group revenue of RMB41,047 million, an increase of 8% yoy. The revenue of Mobile Business Group is also gradually coming out of the impact of the epidemic and resuming growth in the second half of the year. At the same time, Lenovo Group has achieved results in the implementation of the strategy of transformation to services. The software and services business grew rapidly in the second half of the year and contributed 8% of the group's invoiced revenue, a record high.Levima Advanced Materials Corporation, Legend Holdings' affiliate as well as a leader of advanced materials industry, was listed on the Shenzhen Stock Exchange at the end of 2020. The development and rise of Levima is of great significance as it's another enterprise successfully cultivated by Legend Holdings from scratch. Levima has taken multiple measures in the past year to actively overcome the impact of the epidemic, improve operation efficiency and optimize product structure. At the same time, it emphasizes innovation-driven, focuses on the direction of advanced materials industry, takes the route of high-end, differentiation and refinement, and creates a leading industrial cluster in several subdivision fields of advanced materials. In 2020, Levima achieved revenue of RMB5.931 billion, an increase of 5% yoy, and net profit of RMB655 million, an increase of 21% yoy.Although the COVID-19 epidemic has brought a great impact on the operation of domestic small and medium-sized enterprises, Zhengqi Financial, China's leading comprehensive financial service provider, has made a positive response through multiple means such as risk control and strengthening the business foundation, and has still achieved performance growth against the market. Zhengqi Financial ensures the stability of it fundamentals by further improving the risk control system, systematically and comprehensively evaluating business risks and taking multiple measures at the same time. Meanwhile, Zhengqi Financial continues to practice the "joint investment-loan" model, and the results are gradually revealed: five invested enterprises have been successfully listed on the capital market, and the IPO applications for Chemclin Diagnostics Corporation and Gocom Information Technology were approved. During the reporting period, Zhengqi Financial achieved a net profit of RMB521 million, an increase of 140% yoy.Financial investment segment, as another "wheel" of the Company realized RMB2.439 billion of net profit attributable to the equity holders in 2020, an increase of 169% over the same period last year. In addition, it also contributed a good cash return to the Company. The three funds achieved a cumulative cash return of more than RMB4 billion in 2020."Strategic investment + financial investment" two-wheel drive has always been a unique business model of Legend Holdings, the Company is committed to give full play to the inherent advantages of this model, and continue to create leading enterprises. In 2020, the Company strategically bought a stake in Shanghai Fullhan Microelectronics Co., Ltd. through a two-wheel drive strategy, successfully transformed the fund investment project into Legend Holdings' strategic investment project in the field of science and technology, created a new paradigm for its layout in the high-tech field. The Company also said that in the future, it will actively look for opportunities in science and technology, healthcare and other related areas.Looking ahead to 2021, Mr. Ning Min, chairman of Legend Holdings noted, "We are full of confidence. We will not forget our intention to serve the county with industry, which Mr. Liu Chuanzhi passed on to us, and we will go to a higher peak. We will stick to seek improvement in stability, take advantage of the new historical and strategic opportunity, focus on the optimization and improvement of the existing assets, and actively explore the layout of the new track."Chart: Information of the three funds in the financial investment segment (As of December 31, 2020)Name: Legend Star Type: Angel Investment Funds under management: 7Fund size under management: > RMB3 billionSummary: Legend Star completed the final closing of its 4th RMB fund in 2020, and the second round closing of the 4th USD fund. During the Reporting Period, it invested in more than 20 domestic and overseas projects. More than 50 investee companies had another round of financing. Legend Star also exited from 14 projects. Burning Rock Biotech and Kintor Pharmaceuticals were listed on the NASDAQ and Hong Kong Stock Exchange respectively during the Reporting Period.Name: Legend CapitalType: Private Equity InvestmentFunds under management: 25Fund size under management: >RMB50 billionSummary: Legend Capital raised a total of RMB4.524 billion in funds in 2020, completed 51 new project investments and exited 44 projects, partially or in full, which generated good cash return. Among the investee companies, 11 companies landed in the capital market.Name: Hony CapitalType: Investment ManagementFunds under management: 13Fund size under management: > RMB80 billionSummary: Hony Capital completed two rounds of fund raising for its 3rd property fund. The first Hony Venture Capital Fund completed the final settlement and raised USD130 million. Both new and follow-on investments in existing projects progressed in an orderly manner. Companies under management were also listed, and project exits were relatively active. Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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IBI Announces Disposal of Strategic Investments and Realises Gain of HK$25.2 Million

HONG KONG, Apr 1, 2021 - (ACN Newswire via SEAPRWire.com) - IBI Group Holdings Limited ("IBI" or the "Group"; Stock Code: 1547), an investment holding company which specialises in the built environment including subsidiaries providing contracting services, distribution of high-tech and innovative building products and, air quality monitoring and management, announced the disposal of four of its global investments ("Disposal") through its wholly-owned subsidiary, IBI Investment Holdings Limited ("IBI Investment" or the "Company"). Upon completion, it will realise a total gain of approximately HK$25.2 million. IBI Investment has diversified investment profiles. As of 31 March 2021, the Company has announced four disposals in the open market, including a total of 94,900 shares of Australia and New Zealand Banking Group Limited ("ANZ"); a total of 96,600 shares of National Australia Bank Limited ("NAB"); a total of 96,600 shares of Westpac Banking Corporation ("WBC") and a total of 27,200 shares of Commonwealth Bank of Australia ("CBA"), for a combined total consideration of approximately HK$58.2 million. As a result of the Disposal, the Group expects to realise a gain of approximately HK$25.2 million, representing the difference between the aggregate consideration of the Disposal and the aggregate purchase price of the shares sold. Subsequently, the Disposal is expected to enhance the Group's cash flow position and it intends to use the net proceeds as general working capital.Mr. Neil Howard, Chairman and CEO of IBI, said, "Adhering to IBI Investment's mission to extend the Group's reach by making strategic investments, we have been exploring different investment opportunities that would be beneficial to the Group. Leveraging our strong financial position, we have made good use of our internal resources and invested in international blue chip companies with long histories and strong fundamentals. Although the COVID-19 pandemic has invariably affected the global economy, we are pleased to generate a favourable income for the Group amid this adversity and to have added significant additional value for our shareholders."About IBI Group Holdings Limited (stock code: 1547)Established in Hong Kong in 1997, the Group is an investment holding company focused on investments in the built environment. With the mission to deliver premium products, services and customer experiences with a strong influence of innovation, sustainability and wellness, the Group principally centers around the role of contracting along with subsidiaries providing innovative and high tech built environment solutions including air quality monitoring and management. Its major customers include a number of reputable organisations and commercial enterprises, including a horse racing and betting operator in Hong Kong, multinational banks, international hotel groups and hotel and casino operators. For more information, please refer to IBI's website: https://ibighl.com/.Media Enquiries:Strategic Financial Relations LimitedHeidi So +852 2864 4826 heidi.so@sprg.com.hkStephanie Liu +852 2864 4852 stephanie.liu@sprg.com.hkAdrianna Lau +852 2114 4987 adrianna.lau@sprg.com.hkwww.sprg.com.hk Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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Legend Holdings 2020 Revenue and Net Profit Attributable to Equity Holders of the Company Both Rose by 7%

HONG KONG, Mar 31, 2021 - (ACN Newswire via SEAPRWire.com) - On March 31, 2021, Legend Holdings Corporation (3396.HK) announced the audited annual results of the 12 months ended December 31, 2020 ("Reporting Period"). In 2020, the Company's revenue was RMB417.567 billion, representing a year-on-year increase of 7%; net profit attributable to equity holders of the Company amounted to RMB 3.868 billion, representing a year-on-year increase of 7%. During the Reporting Period, although the COVID-19 epidemic, has brought many adverse effects on the Company's production and operation in the first half of the year, by actively taking measures, the net profit attributable to equity holders of the Company in the second half of the year increased by 243% year-on-year."In 2020, a year of rising uncertainties, Legend Holdings effectively combated the epidemic while making sound progress, forging ahead, and achieving annual targets.", stated Mr. Li Peng, Executive Director and CEO of Legend Holdings, "During the Reporting Period, the strategic investment business actively adjusted its operating strategy, focused on core business and promoted the listing process, particularly helping its core asset Levima Advanced Materials enter the capital market; controlled risks, accelerated the return of resources, to lay a solid foundation for the future development. Financial investments continued to perform well, bringing good profits and cash return. In addition, the Company's unique two-wheel-drive business model created new investment cases and a new paradigm of planning in the high-tech segment. China's 14th Five-Year Plan starts in 2021. Legend Holdings will be taking into account changes in the internal and external environment, actively promote and dynamically adjust strategies, to continue to create value for shareholders and society."Strategic investment operated stably, new result generated by two-wheel-drive strategyAs the basis of Legend Holdings, the strategic investment business has withstood the test of the epidemic, operated soundly throughout the year, and sought new opportunities in adversity. At the same time, the Company has invested in Shanghai Fullhan Microelectronics in line with the two-wheel-drive strategy, planning the high-tech segment.Lenovo is an exemplary of turning crises into opportunities, ensuring the stable production and operation of global plants, making outstanding contributions to the fight against the epidemic. It relied on its strong global supply chain management capabilities and manufacturing capabilities, giving full play to the supply chains in China, seizing opportunities and achieving record-high sales revenue for two consecutive quaters, and cemented its leadership in the global PC market; it also made breakthroughs in service-led transformation, and the proportion of new business revenue has increased rapidly. On January 12, 2021, Lenovo announced that it will be listed on the onshore Sci-Tech Innovation Board by issuing CDR. During the Reporting Period, revenue from the IT segment increased by 8% year-on-year to RMB384.992 billion, and net profit attributable to equity holders of the Company increased by 30% to RMB2.093 billion.As for the advanced manufacturing and professional services segment, its revenue recorded RMB6.230 billion, representing an increase of 5% year-on-year during the Reporting Period, and net profit attributable to equity holders of the Company increased by 61% year-on-year to RMB766 million. Levima Advanced Materials' annual performance was outstanding, and it overcame the challenges brought by the epidemic. While ensuring the stable operation of the Levima Advanced Materials, and the improvement of various indicators, it continued to make breakthroughs in new areas, further optimizing the product structure and making significant progress in R&D and innovation throughout the year. Its net profit increased year-on-year by 21% to RMB655 million, reaching a record high. As a leading domestic air cargo company, Eastern Air Logistics has made great contributions to global epidemic prevention, disaster relief, and resumption of production. At the same time, it seized opportunities to expand its clients and new markets. Its performance in 2020 recorded substantial growth, laying a foundation for the deploying subsequent comprehensive improvement of service capabilities in advance.Legend Holdings has increased its all-round post-investment management and value-added services for invested companies in the financial services segment, actively adjusted its business strategies, improved services provided for high-quality customers in the real economy, and adopted a more prudent strategy in terms of risk control. During the Reporting Period, it achieved revenue of RMB7.767 billion, and net profit attributable to equity holders of the Company was RMB1.874 billion, and the overall stable operation was achieved. Banque Internationale a Luxembourg (BIL) performed well and started to form an international business network joining four locations. Zhengqi Financial further improved the risk control system to ensure business stability while continuing to practice the "investment-loan linkage", showing satisfying results, a total of five invested companies were listed and the IPO application of two invested companies have been approved; net profit of Zhengqi Financial achieved a year-on-year increase of 140% to RMB521 million during the Reporting Period. In terms of new investments, the Company completed its investment in Hyundai Insurance during the Reporting Period, which turned into an important part of the insurance industry layout.Although Joyvio Group was hit by the epidemic, it has begun to recover after cost reduction and efficiency enhancement. During the Reporting Period, the agriculture and food segment recorded revenue of RMB17.037 billion. The annual revenue of Golden Wing Mau maintained rapid growth and successfully brought in a strategic investor. Huawen Food successfully completed its initial public offering on the Shenzhen Stock Exchange. The innovative consumption and services segment was seriously impacted by the epidemic. Legend Holdings and the companies in the segment joined hands, overcame the difficulties and mitigated the impact of the epidemic. During the Reporting Period, it recorded revenue of RMB739 million. Better Education actively explored a multi-level model of running a kindergarten, embarked on business transformation, and had a new strategic positioning as a platform-based comprehensive service provider in the preschool education field. The operating income of Shanghai Neuromedical Center increased by 19% year-on-year.The two-wheel-drive of "strategic investment + financial investment" has always been a unique business model of Legend Holdings. Several leading companies in the industry have been discovered through this model before, and substantial returns have been obtained. During the Reporting Period, the Company strategically took a stake in Shanghai Fullhan Microelectronics, successfully turning a fund investment into a strategic investment in the technology field, in line with the two-wheel-drive strategy, further planning in the high-tech segment. Shanghai Fullhan Microelectronics is China's leading company for the design and development of chips. It has developed a range of proprietary core technologies and maintained a high proportion of R&D investment. In the future, Legend Holdings will leverage its industry resources and advantages to engage with the Shanghai Fullhan Microelectronics for deep cooperation, promoting long-term development. Financial investment continued to perform well, contributing good profits and cash returnsIn 2020, the capital market became more volatile. Financial investment segment adopted a more prudent investment strategy, rode on the policy adjustments, and accelerated the IPOs of several investee companies, helping more than 15 investee companies enter the capital market, and serveral IPO applications have been approved. In 2020, the net profit attributable to equity holders of the Company of the financial investment segment increased by 169% year-on-year to RMB2.439 billion, and the three funds achieved a cumulative cash return of more than RMB4 billion.Legend Capital, a leading private equity investment institution in China, has managed 25 funds with a scale of over RMB50 billion as of December 31, 2020. During the Reporting Period, the total amount of funds raised was RMB4.524 billion; a total of 51 new project investments were completed, and 44 projects were fully or partially exited, creating good cash returns; 11 companies under management were listed. In addition, 4 invested companies were listed in February 2021. So far, Legend Capital has successfully listed 84 invested companies (not including those listed on NEEQS ). In 2021, Legend Capital plans to raise a new 6th RMB fund and complete the final fundraising of the 3rd RMB medical fund. At the same time, it will promote the exit of funds under management and bring good return and capital backflow for investors.Legend Star, a leading angel investment institution in China, managed 7 funds in total, of which the size exceeded RMB3 billion with an aggregate of over 280 onshore or offshore invested projects as of December 31, 2020. During the Reporting Period, two companies went public, invested in more than 20 projects, more than 50 projects under management had the next round of financing, and exited 14 projects. As of December 31, 2020, the final closing of the 4th RMB fund had been completed, and the second round closing of the 4th USD fund had been completed.Hony Capital, an investment and management institution, mainly managed 13 funds in total, of which the size exceeded RMB80 billion as of December 31, 2020. During the Reporting Period, the 3rd property fund completed two rounds of fundraising; the first Hony Venture Capital Fund completed the final settlement and raised USD130 million; Hony Horizon managed 5 mutual funds. During the Reporting Period, both new and follow-on investments in existing projects proceeded in an orderly manner. In terms of post investment management, companies under management were also listed, and project exits were relatively active, contributing to continuous and stable cash collection.Strategically focus on core business and actively facilitating the IPO of portfolio companiesIn 2020, Legend Holdings has made new achievements in actively promoting the listing of its subsidiaries. Levima Advanced Materials was listed on the Shenzhen Stock Exchange at the end of 2020. It is another industry leader that Legend Holdings has successfully cultivated from scratch through capital and resource investment, management and cultural empowerment, and we helped Levima bring in CAS Holdings as a strategic investor in 2017. Levima Advanced Materials' past demonstrates the commitment and determination of Legend Holdings to serve the country through industrial development. It also shows the Company's ability to leverage its inherent advantages to build pillar businesses and serves as an example of the commercialization of Chinese technology and how to scale up a business. Based on Levima Advanced Materials' current stock price, it has brought a value increase of over RMB10 billion for Legend Holdings. On March 11, 2021, Eastern Air Logistics, as one of the first pilot state-owned enterprises for mixed ownership reform, was approved for listing, and will land in the A-share market soon.Strategic focus on core business is an important part of Legend Holdings' development strategy. During the Reporting Period, the Company exited from Suzhou Trust Corporation Limited, and its exits from CAR and Pension Insurance Corporation Group Limited were completed in the first quarter of 2021. So far, the 3 projects have given Legend Holdings a total cash return of more than RMB4 billion, giving the Company ample capital to fund its future development and planning."Technology" led development and promotion of the assets' overall vitality Global economy has yet to recover, and various uncertainties and challenges still exist. Legend Holdings will take into account changes in the environment, formulate and dynamically adjust future development plans, improve the competitiveness of existing businesses, consolidate and develop pillar assets, and strengthen the Company's fundamentals; continue to optimize the industrial and asset allocation of strategic investment while maintaining proper amount of financial investment; lead development with "technology", giving full play to the unique advantages of two-wheel-drive model, explore investment in technology and health, and promote the assets' overall vitality.Mr. Ning Min, Chairman and Executive Director of Legend Holdings, said: "2020 is the first year of the new management after assuming office. All the Legenders rose up to the challenges and made significant achievements. Legend Holdings, a diversified investment holding company rooted in China and targetting the world, after years of development and polishing, has accumated profound traditions: a good brand and market image, a deep understanding of Chinese technology and industry, high-quality asset portfolio and value creation capabilities, unique management philosophies and corporate culture, shareholder structure that ensures long-term stable development of the Company, market-oriented incentives and restraint mechanisms, etc. The internal and external challenges remain severe, and there is still a long way to achieve our vision, but looking forward to the future, we are still full of confidence. The 14th Five-Year Plan vigorously advocates a new development pattern with domestic cycle as the main body and mutual promotion of domestic and international dual circulation, which brings us new development areas, including 5G, artificial intelligence, or big data and new infrastructure, all bringing development opportunities in new industries. Legend Holdings will always adhere to the committmentof serving the country through industrial development, seek progress while maintaining stability, focus on optimizing and upgrading existing assets, explore new layouts, actively fulfill social responsibilities, and create a future of win-win cooperation."About Legend Holdings CorporationLegend Holdings is a leading diversified investment holding company in China, and has developed a unique two-wheel-drive business model of "strategic investment + financial investment". Through value creation and value discovery, the Company cultivates and manages an outstanding investment portfolio with growth potential, driving sustainable value growth. Strategic investments aim at holding over the long term and focus on strategic segments to cultivate and optimize the portfolio while fostering pillar businesses. Through strategic investments, the Company invests in five segments, namely IT, financial services, innovative consumption and services, agriculture and food, and advanced manufacturing and professional services. Financial investments are driven by financial returns with a proper mix of products and target portfolios, and include angel investment, venture capital and private equity investment, creating a holistic financial investment industrial chain. Based on the deep understanding of economies and enterprises, Legend Holdings has concluded its distinctive investment concepts and management system. Through forward-looking layout, clear investment strategies and sustained value-added services, Legend Holdings has cultivated a number of influential outstanding enterprises in several segments. Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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Fujitsu Accelerates Investment in Promising Tech Startups with Establishment of 10 Billion Yen Corporate Venture Capital Fund and Management Subsidiary

TOKYO, Mar 31, 2021 - (JCN Newswire via SEAPRWire.com) - Fujitsu Limited today announced the establishment of Fujitsu Ventures Fund LLC, a corporate venture capital (CVC) fund totaling 10 billion yen, under the management by the subsidiary Fujitsu Ventures Limited. The new fund will target investments in promising tech companies globally, including in Japan, the US, Europe, and Israel, and represents a key tool in a growth investment strategy to drive innovation and accelerate digital transformation (DX).Following the establishment of Fujitsu's first CVC fund in 2006, a second and third fund were subsequently established in 2010 and 2015. With these funds, Fujitsu has made investments in promising startups both in Japan and abroad, to deliver encouraging results. In 2015, Fujitsu additionally initiated its FUJITSU ACCELERATOR program to boost co-creation venture activities. To date, the program has successfully promoted cooperation with more than 100 global startups in the tech space. In 2020, the Strategic Growth & Investment team was established to lead Fujitsu Group's inorganic activities which include investments into startups.Partnering with dynamic startups represents an increasingly important priority in today's competitive business environment, serving as an engine for growth through innovation and DX. To this end, Fujitsu will establish a new CVC fund to further enhance the Strategic Growth & Investment team's startup investment capabilities and to enable more agile investments and further amplify the impact of its growth investment strategy, which remains a central element in its management direction policy. Fujitsu will make investments to bolster the foundation of innovative technologies that underlies DX and to create new business opportunities, by encouraging greater collaboration between start-ups and the company with a deeper involvement in the FUJITSU ACCELERATOR program. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

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MHI Selected for Inclusion in All Four ESG Investment Indices Adopted by GPIF

TOKYO, Mar 9, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) has been selected as a constituent of all four indices used by Japan's Government Pension Investment Fund (GPIF), the world's largest pension fund, as references for making ESG (environmental, social, and governance) investments into the country's corporate sector. This is the third consecutive year for MHI to be included in all four indices. The Company's selection reflects the high acclaim accorded to MHI Group's ESG-related initiatives, specifically its response to environmental issues and social challenges, and its bolstering of corporate governance.The four ESG investment indices referenced by GPIF are the following:- FTSE Blossom Japan Index: A broad index incorporating overall ESG considerations based on FTSE Russell, an investment index calculator wholly owned by the London Stock Exchange.- MSCI Japan ESG Select Leaders Index: A similar broad index based on MSCI, a U.S. provider of investment indices.- MSCI Japan Empowering Women Index (WIN): An MSCI index monitoring companies? gender diversity performance.- S&P/JPX Carbon Efficient Index: An index used to evaluate corporate performance in terms of carbon efficiency, according to S&P Dow Jones Indices.MHI proactively undertakes diverse initiatives in each aspect of ESG in pursuit of sustainable social development; these include reducing environmental burdens both internally and at customer sites, promoting diversity, conducting CSR (corporate social responsibility) focused procurement, and strengthening corporate governance and information disclosure. In addition, in its 2021 Medium-Term Business Plan (MTBP) spanning the 2021 through 2023 fiscal years, the Company has newly identified materiality it should address in order to enhance its corporate value and grow in the medium to long term through solutions to social issues. Acclaim for these initiatives led to MHI?s selection for inclusion in the four indices cited above and also, for a fourth straight year, inclusion in the Dow Jones Sustainability Asia/Pacific Index, one of the world?s leading ESG investment indices.Going forward, MHI Group will continue to monitor social trends, strive for enhanced initiatives addressing ESG and the UN's Sustainable Development Goals (SDGs), and ensure proper information disclosures. Through its business activities, the Company will make ongoing contributions to the building of a sustainable society. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

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Great Bay and Other Five Strategic Investors Invested in A Stake in TAOP

HONG KONG, Feb 23, 2021 - (ACN Newswire) - Taoping Inc. (NASDAQ: TAOP, the "Company"), a provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced that six powerful strategic investment institutions and independent investors, including Great Bay Capital Investment Limited, have took a stake in the Company, which will help the Company to realize its strategic transformation through developing its blockchain business and related financing projects, and to bring more development opportunities for the Company.TAOP aims to raise approximately $7.75 million through the issuance of 1,900,000 ordinary shares at a purchase price of $4.08 (average closing price for the 20-trading days ended February 19, 2021). TAOP intends to use the net proceeds from the offering for working capital and general corporate purposes. The private placement is expected to close no later than March 21, 2021. According to Security Act Rule 144 in U.S. Securities, the consummation of the private placement is subject to the satisfaction of certain customary closing conditions. Amid the rise of digital-era, blockchain technology is the general trend of the development of science and technology finance. TAOP actively grasps the development tide, formulates its core development strategy, and promotes the transformation of the platform-based ecological layout, so as to enhance the Company's market competitiveness and increase its revenue. The investment from the six strategic investment institutions and independent investors in the Company has fully reflected their confidence in the Company's development strategy and prospects. With years of investment experience and industry experience, it is believed that the investors can help TAOP to achieve the goal of strategic transformation and promote its long-term development.The six strategic investment institutions and independent investors include:1. Great Bay Capital Investment Limited ("Great Bay").Great Bay is an excellent investment management company with rich investment experience and rich experience in enterprise financing, merger and reorganization.Mr. Yi Ming, the Chief Management Partner of Great Bay, has more than 18 years of investment and financing experience at home and abroad. He used to serve as the General Manager of the investment department of China Cinda Asset (Hong Kong) Management Company, the founding partner of Zeal Asset Management Limited, and the senior management partner of Henry Fund. He has led to participate in the investment and financing projects with more than 5 billion US dollars, including the projects of restructuring and acquisition, private equity, stocks, and structural investment. In recent years, he has focused on the research and investment of Internet industry, blockchain, digital currency and artificial intelligence. Mr. Yi obtained a master's degree in Finance from the ICMA Center of University of Reading, the UK and a master's degree in Management from Guanghua School of Management, Peking University.2. Mr. Wang DongfengMr. Wang Dongfeng has 22 years of rich experience in the Internet industry. He has gone through the era of PC Internet and mobile Internet, and deeply participated in the growing blockchain Internet. His rich experience of entrepreneurship enables him to accurately estimate the development trend of related industries. He also accumulated rich management experience and be good at enterprise positioning, and create innovation models of multiple industries.In 2004, Mr. Wang founded Zcom, the earliest e-magazine platform in China. In 2009, Mr. Wang co-founded Forgame Group and spent four years to get it listed on the Main Board of The Stock Exchange of Hong Kong Limited. In 2017, he started to invest in the blockchain industry, deeply arranged the digital currency mining, and focused on blockchain investment as a venture partner of Longling Capital.3.Smalltalk Technology LimitedSmalltalk Technology Limited was established in 2018, focusing on the venture capital investment of blockchain technology-related companies. The investment manager of Smaltalk has experience in investing Internet, blockchain and digital currency for many year. Smatltalk has successfully invested in many outstanding companies in the industry.4. Crown Capital Enterprise Co., Ltd.Crown Capital Enterprise Co., Ltd is a comprehensive investment holding group registered in Hong Kong. Mr. Huang Siliang acts as an executive director. Mr. Huang Siliang is the chief financial officer of Fang Brother Knitting Limit and the managing director of Fang Brothers Knitting (Shanghai) limited, a wholly-owned holding company of Fang Brothers (China) Limited. Fang Brothers Knitting was founded in Hong Kong by Mr. Fang Zhaozhou in 40 years and is one of the "Big Four Families" in Hong Kong's garment industry. The current chairman of the group, Mr. Fang Keng, is the honorary chairman of the Hong Kong Textile Industry Association, the chairman of the Productivity Council, a Hong Kong affairs consultant, a member of the 9th National Committee of the Chinese People's Political Consultative Conference, and a Justice of the Peace. Mr. Fang Keng has been awarded the Golden Bauhinia Medal by the Hong Kong Special Administrative Region Government.5. Dr. Zhang BinDr. Zhang Bin holds a doctorate degree from the University of Science and Technology of China. He is a member of the 12th and 13th National Committee of the Chinese People's Political Consultative Conference, the chairman of the China Cultural Industry Association, and the director of the management committee of the China National Animation and Game Industry Promotion Base.Since serving as the chairman of the China Cultural Industry Association, Dr. Zhang has actively built a high-level international exchange platform, expanded the influence and dissemination of Chinese culture on the international stage, and led the Chinese cultural industry to the world. To this end, Dr. Zhang has visited the United Nations Deputy Secretary-General Mr. Nan Weizhe, UNESCO Director-General Ms. Irina Bokova, South-South Cooperation Organization Chairman Mr. Lorenzo and other international organizations.6. Mr. Wayne KerMr. Wayne Ker graduated from the University of Chicago in the United States, currently serves as a consultant for Taiwan's digital currency exchange MaiCoin and co-founder of Taiwan's blockchain platform supply chain financial services company BSOS. Mr. Ker has very rich network resources and work experience in Taiwan's semiconductor industry. A senior investment expert. Mr. Ker has worked in CITIC International Asset Management Co., Ltd., UBS Bank, and ABN AMRO Bank. During the period, he handled debt financing of Taiwan ASE Semiconductor, Hon Hai Technology, Chunghwa Picture Tubes and other companies, as well as the case of 39.6 billion Taiwan dollars merger and acquisition of Yuanchuan Electric Training and Telecom."This financing provides TAOP with the capital to take advantage of the opportunities in our industry. I would like to thank all new and existing shareholders for their continued support. We look forward to continuing our approach to value creation in 2021 in order to maximize the reward of our investors," said Mr. Jianghuai Lin, Chairman and CEO of TAOP.About Taoping Inc.Taoping Inc. (TAOP), is a leading provider of smart display terminals and solutions for targeted advertising and online retails. The Company provides the integrated end-to-end digital advertising solutions enabling customers to distribute and manage ads on cloud-based ad display screens. Connecting owners of Taoping screens, advertisers and consumers, it builds up a resource sharing "Smart IoT Screen Network- Taoping App - Taoping Go (e-Store)" media ecosystem to ultimately achieve the mission "our technology makes advertising and branding affordable and effective for everyone." To learn more, please visit http://www.taop.com/.This press release is disseminated by Bright Communication International Limited on behalf of Taoping Inc. For further information, please contact:Taoping Inc.Chang QiuEmail: chang_qiu@taoping.cnhttp://www.taop.com/For media enquiries, please contact Bright Communication International Limited:Ms. Ashley KungTel: (852) 2555 0230Email: ashley.kung@brightcommns.com Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com

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Asia Pacific Silk Road Investment Company Limited Announces Shareholder Approval for Change of Company Name

HONG KONG, Feb 1, 2021 - (ACN Newswire) - Asia Pacific Silk Road Investment Company Limited (together with its subsidiaries, "the Group"; stock code: 0767.HK) is pleased to announce that the resolution of changing company name has been passed at its special general meeting. Subject to the approval of the Registrar of Companies in Bermuda, its company name will be changed to "Zhong Ji Longevity Science Group Limited". The Group believes that the new company name would better represent its business development in longevity science, and at the same time more accurately reflect its future principal business, creating new corporate identity for the Group. Mr. YAN Li, Chairman and Executive Director of Asia Pacific Silk Road Investment Company Limited said "With aging population, longevity science industry is expected to embrace flourishing opportunities in the future. As a research and development (R&D) transformation platform in longevity science, the Group strives to capture the opportunities in the rapidly expanding market and accomplish the vision of 'helping people live longer and healthier lives' through adopting a new longevity management scheme. Capitalising on its longevity biological products, cell and gene therapy, as well as scientific technology such as advanced medical tests and longevity management, we target to make contributions to human health. The new company name not only demonstrates the Group's determination in developing longevity science, it also marks a new milestone for the Group. We will establish a whole industrial chain platform for longevity biological products NMN (Nicotinamide mononucleotide), and will also launch more products in different channels globally, in order to expand the Group's market share in longevity biological product sector and create long-term returns for our shareholders."About Asia Pacific Silk Road Investment Company LimitedAsia Pacific Silk Road Investment Company Limited (0767.HK) is principally engaged in longevity science, money lending, securities investment and investment advisory business. Leveraging the management's expertise and technologies in the biotechnology industry, the Group seeks to enter domestic longevity science medical industry in recent years, with a view to achieving the vision of "helping people live longer and healthier lives" via its new longevity management scheme. Capitalising on its longevity science technology namely longevity biological products, cell and gene therapy, as well as advanced medical technology, the Group makes contributions to human health, thereby building a good reputation. For more information, please visit: http://www.irasia.com/listco/hk/asiapacificsilkroad/ Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com

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TES Agrees Minority Equity Investment with Sojitz

SINGAPORE, Jan 15, 2021 - (ACN Newswire) - Sojitz is engaged in a wide range of businesses globally, including buying/selling/importing/exporting goods, manufacturing and selling products, providing services, and planning and coordinating projects in Japan and overseas. Sojitz also invests in various sectors including automobiles, aerospace, medical infrastructure, energy, mineral resources, chemicals, agricultural and forestry resources, consumer goods and industrial parks. Headquartered in Japan, the Sojitz Group consists of approximately 400 subsidiaries located around the world.With recent concerns surrounding resource depletion and uneven commodity resource distribution, the resource recycling business is expected to become increasingly important. This investment means TES can combine its extensive capability base with Sojitz's deep experience in metals and comprehensive resource recycling businesses to develop and innovate outcomes for commodities that will become a significant source of raw materials in the coming decades. Sojitz will partner with TES to promote TES services in Japan, and Sojitz's extensive network will leverage TES's lithium-ion battery recycling and energy storage businesses."TES's mission is to make a decade of difference by securely, safely and sustainably transforming and re-purposing 1 billion kilograms of assets by 2030," said Gary Steele, TES' Chief Executive Officer. "Sojitz's experience and shared vision of a more sustainable world make them an ideal partner for TES. The Sojitz investment reaffirms that, and we couldn't be more excited about partnering with them to offer sustainable technology solutions that drive the circular economy in Japan."TES is backed by Navis Capital Partners, one of Southeast Asia's largest private equity companies, with over US $5 billion under management. Jean-Christophe Marti, Senior Partner at Navis, commented: "Looking ahead, global manufacturing is potentially facing raw material commodity shortages stemming from the exponential proliferation of IoT devices, electric vehicles and mobility devices. Visionary companies like Sojitz understand that, and this partnership is another step in the realization of our foundational strategy to build a global sustainability leader around the TES platform."About TESFounded in 2005, TES is a circular economy leader focused on helping customers with the commissioning, deployment and retirement of IT assets. As one of the world's largest providers of IT lifecycle services, TES understands the common challenges faced when managing IT equipment through its lifecycle, and our bespoke, cost-effective solutions address these challenges while maintaining compliance with all local and international data security, environmental and industry regulations.TES has an unmatched global footprint and operates 40 locations across 20 countries with more than 1,700 employees. Our mission is to create outstanding value for our customers, employees and stakeholders as well as for the global community by leveraging our unique combination of security, value recovery and environmental expertise. Find out more at www.tes-amm.com.About SojitzFind out more at https://www.sojitz.com/enRelated Imagesimage1.png https://www.newsfilecorp.com/redirect/qJPAcQn1ZMedia Contact Informationhodo@sojitz.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/72133 Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com

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Nobel Laureate to speak at Asian Financial Forum

HONG KONG, Dec 17, 2020 - (ACN Newswire) - In light of the ongoing COVID-19 pandemic, the 14th Asian Financial Forum (AFF) will be held virtually on 18 and 19 January 2021. Under the theme "Reshaping the World Economic Landscape", the forum will examine the challenges at hand and strategise the road to recovery and beyond with more than 150 influential global financial experts, policymakers, business leaders, economists, investors and entrepreneurs.Paul Romer, 2018 Nobel Laureate for Economic Sciences and policy entrepreneur, will speak at the keynote session on the first day of the forum.The most pressing issues of the day will be addressed round the clock during AFF 2021, including the post-pandemic recovery, sustainable development, responsible and impact investment, fintech, 5G, entrepreneurship and venture investment, and asset and wealth management. Moreover, the AFF's virtual platform will offer comprehensive business showcasing, networking and matchmaking services, including the Fintech Showcase, FintechHK Startup Salon, AFF Deal Flow Matchmaking Session, InnoVenture Salon and Global Investment Zone, providing interactive connections between global investors, project owners and start-up enterprises.Valuable insights from Nobel Laureate economistThe keynote speaker on the first day will be Paul Romer, 2018 Nobel Laureate for Economic Sciences and policy entrepreneur, who previously served as Chief Economist at the World Bank and is currently University Professor in Economics at the University of New York. He was the co-recipient of the Nobel Memorial Prize in Economic Sciences in 2018 for his work "integrating technological innovations into long-run macroeconomic analysis", which integrated ideas and innovation into economic models for the first time, making clear the societal benefits possible when people join together and collaborate in new ways. Prof Romer will analyse the current state of the global economy and posit the path towards a new and sustainable growth engine.Tech trailblazers discuss business innovation and investmentInnovation and technology are fundamentally impacting the financial industry and will be a key focus at the AFF. Alexis Ohanian, Co-founder of Reddit and Seven Seven Six, and Luc Julia, Co-creator of Siri, Apple's virtual assistant, will share their insights on innovation, technology and investment on the second day.Mr Ohanian and fellow co-founder Steven Huffman started the entertainment and social news aggregation website Reddit, which is the third most-visited website in the United States and ranks sixth in the world. In 2016, he co-founded Initialized Capital with Garry Tan, an early-stage venture capital unicorn that now has over US$500 million under management and a portfolio with a market value of $36 billion. Mr Julia, in addition to being the co-creator of Siri, was also Chief Technology Officer at HP, Chief Technology Officer and Senior Vice President at Samsung and has co-founded a number of start-ups in Silicon Valley. He has been recognised as one of the top 100 most influential French developers in the digital world.To help worldwide business leaders keep abreast of and capitalise on the latest developments, and to enhance their competitiveness, the AFF will spotlight a broad range of topics related to innovation and technology, including central bank digital currencies, blockchain, regulatory technology (regtech), the development of the Guangdong-Hong Kong-Macao Greater Bay Area, financial inclusion, investment technology and cyber security.Financial heavyweights assess global economic prospectsPandemic-induced disruptions, coupled with various geopolitical issues, have destabilised the global economy. Influential global financial policymakers and business leaders will take part in more than 50 panel sessions and fireside chats to analyse the latest trends and market developments, including Stephen A Schwarzman, Chairman, CEO and Co-founder of the Blackstone Group; Jean Lemierre, Chairman of BNP Paribas; Philippe Brassac, CEO of Credit Agricole SA; Urs Rohner, Chairman of the Board of Directors, Credit Suisse Group AG; Mark E Tucker, Group Chairman of HSBC Holdings plc; Howard Davies, Chairman of the NatWest Group; Jose Vinals, Group Chairman of Standard Chartered plc; Wong Kan-seng, Chairman of United Overseas Bank Limited; and Zhang Lei, Founder, Chairman and CEO, Hillhouse Capital Management Group.The pandemic has also intensified interest in sustainable investment and environmental, social and governance (ESG) integration among global investors. Experts such as Vineet Rai, Founder and Chairman of Aavishkaar Group; Jennifer Pryce, President and CEO of Calvert Impact Capital; George H Walker, Chairman and CEO of Neuberger Berman Group; Jean Raby, CEO of Natixis Investment Managers International; and Amy Lo, Chairman, Executive Committee of the Private Wealth Management Association and Head and Chief Executive of UBS Hong Kong Branch, will examine evolving demands and solutions.AFF 2021 will also inaugurate the series "Dialogues for Tomorrow" to survey the impact of COVID-19 on, and the outlook for, various sectors such as banking, insurance, fintech, energy, healthcare, food and agriculture and big tech.Online showcase for latest innovations and investment opportunitiesCo-organised by the HKTDC and the Hong Kong Venture Private Equity Association, the AFF Deal Flow Matchmaking Session will return in a virtual format to arrange more than 700 one-on-one meetings between worldwide investors and project owners representing opportunities from a wide range of sectors, including Internet of Things (IoT), digital technology, healthtech, fintech, education, environment and energy, food and agriculture, infrastructure and real estate.Moreover, the Fintech Showcase, FintechHK Startup Salon, InnoVenture Salon and Global Investment Zone will present the latest trends in financial innovation, next-generation business ideas and investment opportunities across regions and sectors from more than 100 local and overseas international financial institutions, technology enterprises, start-ups and investment agencies such as Standard Chartered plc, HSBC Holdings plc, Cyberport, Hong Kong Science and Technology Parks, PAO Bank and Airwallex.The InnoVenture Salon will continue to empower worldwide start-up enterprises by building connections with international investors, potential business partners and financial regulators. It will also present the inaugural "AFF Accelerate", an open innovation challenge jointly organised by the HKTDC, 500 Startups and FWD Group. The challenge will invite global fintech and insurtech innovators to devise tomorrow's business solutions for the global insurance industry, particularly in areas such as agent recruitment, lead generation and payments.As Asia's premier forum for the global financial and business community, the Asian Financial Forum will help participants establish connections and explore investment opportunities with worldwide counterparts at the beginning of the new year. Participants who register on or before 31 December 2020 can enjoy an early bird discount, while registration arrangements for media representatives will be announced in early January.Websites- Asian Financial Forum: https://www.asianfinancialforum.com/aff/en/- AFF programme: https://www.asianfinancialforum.com/aff/en/s/programme- AFF speakers: https://www.asianfinancialforum.com/aff/en/speaker/main- Photo download: https://bit.ly/2KC3nOvMembers of the media interested in interviewing speakers at the Asian Financial Forum can email to clayton.y.lauw@hktdc.org on or before 12 January 2021.About HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.Media enquiriesPlease contact the HKTDC's Communications & Public Affairs Department:Angel Tang, Tel: +852 2584 4544, Email: angel.hc.tang@hktdc.orgSam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

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New MetaTrader 5 for Hedge Funds – fast and efficient infrastructure out of the box

LIMASSOL, CYPRUS - MetaQuotes Software, a leading software developer for brokers, banks and exchanges, has released a new MetaTrader 5 version for hedge funds. The platform offers a turnkey solution for mutual funds, prop trading and investment companies right out of the box. MetaTrader 5 Administrator allows creating a fund, swiftly configuring payouts and commissions, adding managers and opening trading accounts for investors. All calculations related to share values; profitability and payouts are performed automatically in real time. Fund clients are able to monitor their investments and buy additional shares directly from the MetaTrader 5 client terminal like ordinary traders. MetaTrader 5 makes fund creation simple Our platform saves start-up companies and brokers from the costs of deploying their own investment business infrastructure. MetaTrader 5 Administrator features all the necessary tools for arranging a fund and a prop company, including trading accounts, client groups, financial symbols and connection to exchanges. Organizational and legal issues of a business startup remain the client's only concern. One terminal for trading all symbols - a fund manager's dream come true MetaTrader 5 is able to connect to over 80 exchanges all over the world using gateways. They allow the passing of trade operations to external systems, while they also allow the transmission of quotes and news from them. Our gateways are easy to manage: control and re-structure your business, manage risks, generate reports, receive quotes and withdraw money. Simply connect the required exchanges and popular liquidity providers, create and customize trading symbols and start trading. A unified system of accounting for trading operations allows a fund manager to control current risks and see all trading positions on one screen right in the client terminal. Powerful environment for developing and testing algorithmic trading strategies With MetaTrader 5, an investment company is able to compete with the world's most famous funds in terms of technology. MQL5 language for developing trading strategies is tailored specifically for working on financial markets and provides algorithmic traders with the widest of opportunities: Math libraries - neural networks, solving differential equations, Fourier transform, numerical integration, optimization problems, fuzzy logic and much more. Network functions - data search, exchange and delivery within the network. Integration with Python - machine learning, analysis and statistics libraries. OpenCL support for parallel computing. DirectX functions for data visualization in 3D charts. Native handling of SQL databases. Furthermore, fund managers can optimize trading robots using the built-in strategy tester, which enables access to the MQL5 Cloud Network - a large-scale cloud network with tens of thousands of test agents which are able to solve optimization problems within an hour. Solving such problems on a regular computer normally takes months of computing time. As a result, traders get a synergistic effect - all trading instruments are not only traded in one client terminal, but also all trading strategies are developed in one specialized language and tested in a multi-threaded multi-asset tester using the computing resources of several thousand computers from the MQL5 Cloud Network. Investors obtain convenient trading terminals for working with funds MetaTrader 5 platform allows the buildup of trusting relationships with investors - clients always know about their invested funds status and are able to contact you, if they wish to alter their investment. You remain in constant contact with clients - each investor can log into his or her account using a desktop or mobile terminal and check current status. There is no need for additional requests and other complications - all indicators are displayed on comprehensive charts. Full automation of calculations and flexible settings Automate your work flow: set up separate access for your employees and investors, monitor the work of your team members and generate performance reports. Adjust payouts based on rates, on commissions, on payment methods or on any other conditions. Set individual properties for each fund: requirements for investors, for financial instruments, for settlement methods, for capitalization, for share values, etc. USD 10,000 for the ready-made tool This functionality suite for arranging an investment business can be purchased for only USD 10,000 for connecting to the platform + USD 2,000 monthly license fee. Features provided to clients out of the box: - Free installation and training. - Technical support - online chat, hotline, detailed documentation and other useful materials. - Access to back office APIs for enhancing functionality and usage of all platform features. - Auto updates. Request the MetaTrader 5 platform for deploying a hedge fund here. About the company Established in 2000, MetaQuotes Software has been developing B2B software for brokerages, banks, hedge funds and stock exchanges. MetaQuotes is internationally known as a leader in the financial software market. The company's representative offices are located all around the world. MetaQuotes Software always applies a fair and mutually beneficial approach to working with customers and partners. Reputation and reliability is what matters the most in the financial software business. Today, thousands of international companies rely on our organization being reputable as a trustworthy software supplier. This is the best evidence of professional competence and reliability of MetaQuotes Software.  Know more at https://www.metaquotes.net/   Media contact Company: MetaQuotes Ltd Contact: Bulat Latypov, PR Manager Telephone: +35796548020 Website: https://www.metatrader5.com Address: 13 Anastasi Sioukri, 3105, Limassol, Cyprus   SOURCE: MetaQuotes Ltd ------------------------------------------------ The article is provided by a third-party content provider. SEA PRWire makes no warranties or representations in connection therewith. Any questions, please contact SEAPRWire/at/gmail.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Indonesia, Thailand, Vietnam, Singapore & Malaysia)

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Shenzhen Global Investment Promotion Conference to be held December 8

SHENZHEN, CHINA, Dec 4, 2020 - (ACN Newswire) - The 2020 Shenzhen Global Investment Promotion Conference is sponsored by the Shenzhen Municipal Government and undertaken by the Shenzhen Municipal Bureau of Commerce. It will officially start in Wuzhou Guest House on December 8th.Since the beginning of this year, Shenzhen has actively overcome the impact of COVID-19, improved the business environment and promoted the projects of domestic and foreign investment enterprises. Shenzhen also plans to consolidate its position as a target of foreign investment by providing an attractive package of incentive policies, including land, talents, industry, technology and business environment."The conference is an extremely important platform to showcase the ambition of the city, a pilot demonstration area of socialism with Chinese characteristics, and to give further impetus to its trajectory," commented a spokesman of the city's Commerce Bureau.The conference, to be held annually, is bound to become a must-attend attraction for global investors seeking to tap into new opportunities arising from China's reform and opening up.According to the official, despite the ongoing global COVID-19 pandemic, cyberspace has facilitated efforts which, after months of hard work, has resulted in a group of investment projects which will be signed on the site.The conference is attracting senior executives from around 300 companies and institutes, including 65 Fortune Global 500 companies.Besides the main venue in Shenzhen, parallel sessions in eight cities across five continents, including New York, London, Tokyo, and Sydney will be held, truly a testament to the impact Shenzhen has on the world stage.After 40-years of development, official figures continue to show the vanguard of China's reform and opening-up remains one of the country's top investment destinations with the city utilizing $7 billion foreign investment in the first 10 months of this year alone, up 7.58 percent from a year before.According to officials, the city's already impressive investment environment will be even further improved.The Commerce Bureau is accelerating legislation on the promotion of foreign investment, which will offer better protect of legal rights and interests of foreign investors.Furthermore, according to the city's Planning and Natural Resources Bureau, the city government will ensure ample supply of land space for industrial use and lower land costs for investors.And on top of even that, the city's HR and Social Security Bureau tells us that overseas professionals in Shenzhen, who fall in to the categories of high-end talents and urgently needed talents, will be able to enjoy a subsidy on personal income tax equivalent to that in the neighboring Hong Kong SAR.Media Contact:Sherry Tang, swj@commerce.sz.gov.cnCommerce Bureau of Shenzhen MunicipalitySource:http://www.sz.gov.cn/cn/xxgk/zfxxgj/zwdt/content/post_8314390.html Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

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West Java Investment Summit (WJIS 2020): Governor Ridwan Kamil Welcomes Investors Worldwide to Invest in West Java

Bandung, W Java, Indonesia, Nov 25, 2020 - (ACN Newswire) - The 2020 West Java Investment Summit (WJIS 2020) was held in Bandung City this week, Nov 16 to 19, hosted by the West Java provincial government in collaboration with the Bank of Indonesia Representative Office in West Java. Through the WJIS 2020, West Java Governor Ridwan Kamil invited international investors from around the world to invest in the province of West Java, particularly through the Rebana Metropolitan project.Rebana Metropolitan is the northern / northeastern area of West Java Province that includes the six districts of Sumedang, Majalengka, Cirebon, Subang, Indramayu, and Kuningan and the city of Cirebon. The Metropolitan area has a population of 9.28 million, or some 18.82% of the total 49.3-million populace of West Java as of 2019.As many as 1,434 foreign and domestic investors participated in the one-on-one meeting session on Monday, in which 16 land projects were offered with a total investment value of US$2.8 billion (Rp 39.5 trillion). Governor Ridwan Kamil offered the advantages of investing in West Java for international investors. First, West Java has quality infrastructure, and one of them is the Patimban Port, which, located in Subang district, will soon open in December 2020. "Besides, West Java is going to have the Jakarta-Bandung Fast Train that will be completed next year," said Ridwan. Moreover, West Java also continues the development of several toll roads that will facilitate industrial and community access.The other advantages of investing in West Java are its quality infrastructure and competitive human resources. With these two pros, quality infrastructure and competitive human resources, the governor ensures that West Java can compete with provinces in other countries, such as Thailand and Vietnam. "West Java is one of the most competitive regions in Indonesia," he stated. Ridwan emphasized that to strengthen the provinces competitiveness, the West Java local government remained committed to making improvements in four important fields: education, infrastructure, socio-political stability, and bureaucratic reform. The governor also expressed optimism that West Java would become a globally competitive region to attract investment, especially with the existence of the Rebana Metropolitan area. "For the last three years, West Java has been the premier investment destination. This year, we are still 'champs' for investment realization, almost reaching IDR 90 trillion," said Governor Ridwan.West Java Province is currently still one of the main destinations for foreign and local investment. Up to the third week of November 2020, the province managed to record total inbound investment of more than IDR 380 trillion. That total consists of four categories, namely (1) Realized Investment (for the period of January to September 2020); (2) Preparation-stage Investment; (3) Commitment-stage Investment; and (4) Ready-to-offer Investment.For Realized Investment, based on Investment Coordinating Board (BKPM) data for the January to September 2020 period, the West Java province ranks first in investment realization based on location with a value of IDR 86.3 trillion or 14.1 percent.Noneng Komara Nengsih, West Java Investment Agency (DPMPTSP) Head, mentioned five sectors in the province that are favourable to investors: (1) construction; (2) transportation, warehouse and communication; (3) housing, industrial and office areas; (4) electricity, gas and water; (5) motor vehicles and other transportation equipment industries.Preparation-stage Investment in West Java comes from 11 investors: (1) PT Hyundai Motor Manufacturing Indonesia; (2) PT Amazon Data Services Indonesia; (3) PT UPC Sukabumi Bayu Energi; (4) PT Kereta Cepat Indonesia China (KCIC); (5) PT Tanjung Jati Power Company; (6) PT Pertamina Power Indonesia dan PT Jawa Satu Power; (7) PT Premier Qualitas Indonesia dan Trisula Group; (8) Masdar Mubadala Company; (9) China Petroleum Corporation; (10) Frisian Flag Indonesia; and (11) PT Jasa Marga Japek Selatan.For Commitment-stage Investment, as many as five MoUs and cooperation agreements among parties were signed, with an investment value of some IDR 4.10 trillion, or around USD 292.9 million. The signing ceremony was held on the first day, Monday Nov 16 at the Savoy Homann Hotel, Bandung City.The parties in the Commitment-stage Investment were regionally owned, PT Bandarudara Internasional Jawa Barat (BIJB) and PT Jaswita Jabar, as well as PT Jasa Sarana, Aspen and Docta Proprietary Limited, PT Gobel Internasional, PT Sarana Multi Infrastruktur, and PT Indonesia Infrastructure Finance. These companies have committed to investment in infrastructure development, starting from hotels; meetings, incentives, conferencing, exhibitions (MICE) facilities; warehouses, energy, to hospitals.Meanwhile, for the Ready-to-offer Investment, West Java has 16 investment projects, with a total value of IDR 39.5 trillion or around USD 2.802 billion, that are ready to be tendered. The 2020 WJIS is expected to enhance investment realization in West Java in the fourth quarter this year -- before the end of 2020 -- and trigger the province's economic growth.According to Bank Indonesia Representative Office in West Java, the Province had become a crucial contributor to Indonesia's economic growth since 2015. West Java is one of the three most competitive provinces in Indonesia in 2020, supported by three driving factors: foreign direct investment (FDI), quality infrastructure, as well as competitive and reliable human resources.In the last three years, on an average, West Java's economy grew by 5.4 percent, higher than Indonesia's economic growth averaging 5.1 percent. The province's strong economic growth was driven by the manufacturing industry and household consumption. Furthermore, investment has played a vital role in contributing to economic growth of West Java. Hence, in a bid to facilitate economic recovery, it is necessary to formulate a well-planned and comprehensive strategy to encourage investment inflow that could function as a driver for national economic recovery.Bank Indonesia (BI) Governor Perry Warjiyo stated at the WJIS that regional investment is one of the keys to driving the national economic recovery. Bank Indonesia (BI) West Java Office Head Herawanto said that Bank Indonesia in collaboration with West Java provincial government had taken strides to accelerate infrastructure development in various sectors, from transportation and renewable energy, to water management and urban infrastructure.The West Java provincial government is also offering an alternative scheme for partnership and investment by involving the private sector in financing infrastructure development.Luke Mackinnon, Infrastructure Country Manager at Amazon Web Services, said that Indonesia represented a great opportunity as an investment destination, with its growing economy. "This (growing economy) is also beneficial for Amazon Web Services, especially in terms of expanding investment opportunities in Indonesia. We do envision huge investment growth and we can't wait to add resources and infrastructure to serve consumers."Lee Kang Hyun, Vice President of Hyundai Motor Asia Pacific, said that the company has the full support of the Indonesian central government and the West Java provincial government in running its business. "As investors, we certainly choose West Java because we can get full support here and the province has quality infrastructure," said Lee."Hyundai Motor has been building a factory in Cikarang. Despite the pandemic, with the full support of the governor and the minister, the factory development has reached 65 percent. Based on the plan, the factory can start local production in Indonesia by the end of 2021, and in 2022, it will produce Indonesia's electric cars which will be sold locally," he added.The 2020 WJIS was held from Monday, Nov 16 to Thursday, Nov 19. The main agenda included launching the Rebana Metropolitan project, MoU Signing and Project Announcements, High Level Sessions, Market Sounding & One-on-One Meetings, Investment Talkshows, a Trade and Tourism Webinar, groundbreaking for Subang Smartpolitan development, and site visit to Rebana Metropolitan area.Bank BJB fully supports the Rebana Metropolitan development. The West Java regional development bank has offered full support to the provincial government in establishing and developing the Rebana Metropolitan area. "Bank BJB acts as a driving agent that supports the development of new economic area, as initiated by the West Java Provincial Government. The Rebana Metropolitan project is a long-term strategic plan that requires support from various parties, including investors and banks," said President Director of Bank BJB Yuddy Renaldi.Renaldi stated that Bank BJB in cooperation with West Java's two other regional-owned enterprises, PT Bandarudara Internasional Jawa Barat (BIJB) and Jaswita Jabar, will support the development of tourism and transportation infrastructure in the Rebana Metropolitan area.The three inked a cooperation agreement to build three-star and five-star hotels in the Kertajati International Airport area in Majalengka, West Java. Facilities for meetings, incentives, conferences and exhibitions (MICE) will also be built in the airport area to accelerate development integration that supports economic activities. The Rebana Metropolitan project is in line with the direction of Bank BJB's plan to create new economic areas that can improve the welfare of local communities. "Bank BJB will also expand its collaboration network with various stakeholders so that it can contribute more optimally in executing the project plan," said Renaldi.The Rebana Metropolitan area is currently equipped with infrastructure facilities, including the Cikopo-Palimanan (Cipali) and Palimanan-Kanci (Palikanci) toll roads; the Cikampek-Cirebon railroad; Balongan, Cirebon, and Patimban (Phase I) Ports; West Java's Kertajati International Airport; and the Subang, Indramayu, and Cirebon bus stations.Bank BJB will also provide financing for the Cileunyi-Sumedang-Dawuan (Cisumdawu) toll road project in support of efforts to improve connectivity in West Java. Bank BJB's involvement will not only support the infrastructure projects, it will also help prepare local communities to take advantage of opportunities for economic projects in the province.Contact person:Lia EndianiTeam communication Ridwan KamilEmail: lia.endiani@gmail.com Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

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CDL Appoints Deloitte as External Financial Advisor to Evaluate Investment in Sincere Property Group

SINGAPORE, Nov 4, 2020 - (ACN Newswire) - City Developments Limited (CDL) announced today the appointment of Deloitte & Touche Financial Advisory Services Pte. Ltd. (Deloitte) as its External Financial Advisor to assist in further evaluating and reviewing its 51.01% joint venture equity investment in Sincere Property Group (Sincere) based in China.The CDL investment of an effective 51.01% stake in Sincere, completed in April 2020, is a strategic investment which provides CDL with a platform established over 26 years, comprising different asset classes across 18 cities in China. Sincere is ranked in China among the Top 100 Developers by China's Real Estate Association and one of the Top 10 Business Park Developers and Operators.As at 30 June 2020, CDL Group's global asset portfolio amounted to S$23.8 billion, of which China accounted for 14%. Excluding Sincere, the Group's China portfolio includes residences, office buildings, hotels, serviced apartments and retail malls.The CDL Board has mandated this evaluation and review by Deloitte in view of the challenges relating to Sincere's liquidity position following the outbreak of the pandemic and new measures to further tighten liquidity for real estate companies in China; the most recent being the 'Three Red Lines' policy.Deloitte will evaluate the investment in Sincere in the light of the above challenges. Based on the findings - expected to be finalised before the end of 2020 - the Group will update shareholders on the proposed recommendations.Issued by City Developments Limited (Co. Regn. No. 196300316Z)For media enquiries, please contact Gerry De Silva Head, Group Corporate AffairsHong Leong GroupT: +65 6877 8538E: gerry@cdl.com.sgBelinda Lee Head, Investor Relations and Corporate CommunicationsT: +65 6877 8315E: belindalee@cdl.com.sgJoanne KohManager, Group Corporate AffairsHong Leong GroupT: +65 6877 8537E: joannekoh@cdl.com.sgEunice YangVice President, Corporate CommunicationsT: +65 6877 8338E: eunicey@cdl.com.sgFollow CDL on social media:Instagram: @citydevelopments / instagram.com/citydevelopmentsLinkedIn: linkedin.com/company/city-developments-limited Twitter: @CityDevLtd / twitter.com/citydevltdAbout Sincere Property Group (www.sincere.com.cn)With over 20 years of track record, Sincere Property is ranked as one of China's Top 100 Developers by the China Real Estate Association and one of China's Top 10 Business Park Developers and Operators by Guandian. Sincere Property has a full set of development and asset management capabilities across different sectors, including residential, retail, office, hotel and serviced residence, business park and large-scale mixed-use development. Sincere Property's geographical presence in China spans 18 cities, including key Tier 1 and Tier 2 cities. It employs over 1,800 professionals.Its development land bank totals 8.3 million square metres with 64 development projects across 18 cities in China as at 30 June 2020. Sincere Property has a full spectrum of residential projects ranging from high-end to mass market, which includes villas as well as low- and high-rise condominiums. Sincere Property also owns and/or operates a substantial portfolio of investment properties in China, including 9 retail malls, 13 offices, four hotels with more than 1,000 rooms and a serviced residence with 404 apartments.Sincere Property's contracted sales grew at a compounded annual growth rate of around 29% from RMB 9.9 billion in 2016 to RMB 21.4 billion in 2019. Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

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Tianjin Development Change of Shareholding Structure of Intermediate Controlling Shareholder

HONG KONG, Nov 2, 2020 - (ACN Newswire) - Tianjin Development Holdings Limited ("Tianjin Development", stock code: 882.HK) has announced that an internal integration between its intermediate controlling shareholder, Tianjin Tsinlien Investment Holdings Co., Ltd. ("Tsinlien Investment Holdings") and Tianjin TEDA Investment Holding Co., Ltd. ("TEDA Holding") is to be implemented.Tianjin Development, said, "In order to implement the three-year action plan for state-owned enterprise reform, the Tianjin Government will further strengthen state-owned capital so as to build up a strong reputation for the reform and growth of Tianjin's state-owned enterprises, as well as implement multiple measures to enhance their overall strengths. Upon completion of the integration, TEDA Holding will directly hold 100% shareholding interest in Tsinlien Investment Holdings. However, Tsinlien Investment Holdings' shareholding interest in Tianjin Development will not be affected. The ultimate control over Tsinlien Investment Holdings and Tianjin Development remains with the Tianjin Government." Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

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Endowus launches Fund Smart for Singapore investors

SINGAPORE, Oct 26, 2020 - (ACN Newswire) - Endowus.com, Singapore's leading MAS-licensed digital wealth management platform and the first and only digital advisor for the Central Provident Fund (CPF), has announced the launch of their new investment solution - Fund Smart. Singapore investors can now build investment portfolios from a selection of institutional share-class and trailer-fee free funds curated by the Endowus Investment Office, led by Samuel Rhee, Chairman & Chief Investment Officer at Endowus. This new solution gives investors the ability to customise their fund allocations, analyse the historical and projected performance, as well as look-through the underlying exposure and total costs across the selected funds. It also provides real time advice to investors on the suitability of the portfolio they have created against their financial needs. Similar to existing Endowus investment offerings, Fund Smart has no sales fees, no transaction fees, no lock-ups and 100% trailer fee rebates. Endowus has also built in automated rebalancing and regular savings plans capabilities to improve the client investment experience.Endowus launched a market survey to better understand Singaporeans' investment preferences and needs prior to designing Fund Smart. The majority of respondents indicated a strong preference for the flexibility to customise their own investment portfolios, with exposure to specific geographies or sectors (74.5%) and lower costs (84%) as key considerations. Endowus Investment Office sought to design a differentiated investment solution to take into consideration Singaporeans' investment needs and also provide quality advice in the form of curated fund selection and model portfolios. Samuel Rhee, Chairman and Chief Investment Officer at Endowus, said: "Fund Smart's value proposition is clear. People struggle with too many options - a growing array of platforms, and far too many funds to choose from with confusing fee structures. Transparency is important to us as it should be to our clients. We want our clients to experience the same quality of advice we have provided with our core portfolio products, but now with greater flexibility as we introduce a new way of investing through Fund Smart. Stick to our advised and new model portfolios, or make the tweaks you need. It's that simple. And at the same low and aligned fees you can't get elsewhere."The curated model portfolios include an ultra-defensive fixed income portfolio to prioritise capital preservation to weather volatility in markets and also flexible cash management solutions, as well as thematic and sector-focused portfolios such as ESG (Environment, Social, Governance) or SRI (Socially Responsible Investing) funds, Shariah-compliant funds, and thematic funds.Funds available on Fund Smart include those managed by Dimensional Fund Advisors, PIMCO, Vanguard, Schroders, First Sentier, Franklin Templeton, Eastspring, Fidelity, PineBridge, Legg Mason, Fullerton, Lion Global, Nikko, and UOB Asset Management.Endowus' no sales fee and 100% trailer fee rebate policy not only lowers the total cost of investment, but also ensures alignment of interests with the investors. As a fee-only advisory firm, Endowus is not incentivised by product providers paying them hidden sales kickbacks. The average net cost of managing portfolios with Endowus is 65% cheaper than trying to replicate the portfolios on popular platforms and private banks in the market. Kimberley Stafford, Managing Director and Head of PIMCO Asia Pacific said, "PIMCO has had the pleasure to collaborate with Endowus since their launch. With its unique solution offerings and the launch of the new innovative Fund Smart solution, we believe Endowus, as an industry leading digital wealth management platform, will help broaden PIMCO's outreach to retail investors in Singapore and provide them with the access to our fuller range of global fixed income investment solutions."Gregory Van, Founding Partner at Endowus, said "Fund Smart provides transparency and flexibility for clients to express their investment views through access to best-in-class funds, all on a secure wealth platform that is home to all their money - Cash, CPF and SRS. We will continue to help clients cut through the clutter, keep fees low and aligned, and improve everyone's investment experience."Joel Kim, CEO of Dimensional Asia ex-Japan, said "Dimensional is pleased to have worked with Endowus since they started serving Singaporean investors. They are one of the pioneers of fee-based independent advice in Singapore with a strong focus on low cost, transparent and systematic approach to investing. Endowus' launch of the Fund Smart solution is a significant evolution in their advice offering for Singaporeans wishing to invest more of their savings with Dimensional through Endowus."Safety and Security together with Ease of Use Are Still ImportantAccording to the investor survey conducted, the safety and security of the platform (83.9%) are crucial deciding factors in determining where Singaporeans invest. Through Endowus' partnership with Singapore's largest broker UOB Kay Hian, all client assets and investments are safely held in trust under the client's own name. As with all of the Fintech company's product offerings, Endowus Fund Smart gives users a fully digital, fuss-free onboarding experience using MyInfo within minutes from the comfort of their own homes.About EndowusEndowus.com is a MAS-licensed financial technology company and the first-and-only digital investment advisor for the Central Provident Fund (CPF), Supplementary Retirement Scheme (SRS), and cash.Endowus offers access to superior investment products, personalised advice, and lower costs on a seamless digital investment platform for all investors. Partnered with UOB Kay Hian, Singapore's largest broker, client assets and positions are safely held in the client's own name. For more info, please visit www.endowus.com/For media queries, please contact:PRecious Communications for EndowusE: endowus@preciouscomms.com T: +65 6303 0567 / +65 9644 2930 Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

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Endowus launches Fund Smart for Singapore investors: Build customisable portfolios with direct access to curated institutional best-in-class funds from the world’s leading asset managers

SINGAPORE, Oct 26, 2020 - (ACN Newswire) - Endowus.com, Singapore's leading MAS-licensed digital wealth management platform and the first and only digital advisor for the Central Provident Fund (CPF), has announced the launch of their new investment solution - Fund Smart. Singapore investors can now build investment portfolios from a selection of institutional share-class and trailer-fee free funds curated by the Endowus Investment Office, led by Samuel Rhee, Chairman & Chief Investment Officer at Endowus. This new solution gives investors the ability to customise their fund allocations, analyse the historical and projected performance, as well as look-through the underlying exposure and total costs across the selected funds. It also provides real time advice to investors on the suitability of the portfolio they have created against their financial needs. Similar to existing Endowus investment offerings, Fund Smart has no sales fees, no transaction fees, no lock-ups and 100% trailer fee rebates. Endowus has also built in automated rebalancing and regular savings plans capabilities to improve the client investment experience.Endowus launched a market survey to better understand Singaporeans' investment preferences and needs prior to designing Fund Smart. The majority of respondents indicated a strong preference for the flexibility to customise their own investment portfolios, with exposure to specific geographies or sectors (74.5%) and lower costs (84%) as key considerations. Endowus Investment Office sought to design a differentiated investment solution to take into consideration Singaporeans' investment needs and also provide quality advice in the form of curated fund selection and model portfolios. Samuel Rhee, Chairman and Chief Investment Officer at Endowus, said: "Fund Smart's value proposition is clear. People struggle with too many options - a growing array of platforms, and far too many funds to choose from with confusing fee structures. Transparency is important to us as it should be to our clients. We want our clients to experience the same quality of advice we have provided with our core portfolio products, but now with greater flexibility as we introduce a new way of investing through Fund Smart. Stick to our advised and new model portfolios, or make the tweaks you need. It's that simple. And at the same low and aligned fees you can't get elsewhere."The curated model portfolios include an ultra-defensive fixed income portfolio to prioritise capital preservation to weather volatility in markets and also flexible cash management solutions, as well as thematic and sector-focused portfolios such as ESG (Environment, Social, Governance) or SRI (Socially Responsible Investing) funds, Shariah-compliant funds, and thematic funds.Funds available on Fund Smart include those managed by Dimensional Fund Advisors, PIMCO, Vanguard, Schroders, First Sentier, Franklin Templeton, Eastspring, Fidelity, PineBridge, Legg Mason, Fullerton, Lion Global, Nikko, and UOB Asset Management.Endowus' no sales fee and 100% trailer fee rebate policy not only lowers the total cost of investment, but also ensures alignment of interests with the investors. As a fee-only advisory firm, Endowus is not incentivised by product providers paying them hidden sales kickbacks. The average net cost of managing portfolios with Endowus is 65% cheaper than trying to replicate the portfolios on popular platforms and private banks in the market. Kimberley Stafford, Managing Director and Head of PIMCO Asia Pacific said, "PIMCO has had the pleasure to collaborate with Endowus since their launch. With its unique solution offerings and the launch of the new innovative Fund Smart solution, we believe Endowus, as an industry leading digital wealth management platform, will help broaden PIMCO's outreach to retail investors in Singapore and provide them with the access to our fuller range of global fixed income investment solutions."Gregory Van, Founding Partner at Endowus, said "Fund Smart provides transparency and flexibility for clients to express their investment views through access to best-in-class funds, all on a secure wealth platform that is home to all their money - Cash, CPF and SRS. We will continue to help clients cut through the clutter, keep fees low and aligned, and improve everyone's investment experience."Joel Kim, CEO of Dimensional Asia ex-Japan, said "Dimensional is pleased to have worked with Endowus since they started serving Singaporean investors. They are one of the pioneers of fee-based independent advice in Singapore with a strong focus on low cost, transparent and systematic approach to investing. Endowus' launch of the Fund Smart solution is a significant evolution in their advice offering for Singaporeans wishing to invest more of their savings with Dimensional through Endowus."Safety and Security together with Ease of Use Are Still ImportantAccording to the investor survey conducted, the safety and security of the platform (83.9%) are crucial deciding factors in determining where Singaporeans invest. Through Endowus' partnership with Singapore's largest broker UOB Kay Hian, all client assets and investments are safely held in trust under the client's own name. As with all of the Fintech company's product offerings, Endowus Fund Smart gives users a fully digital, fuss-free onboarding experience using MyInfo within minutes from the comfort of their own homes.About EndowusEndowus.com is a MAS-licensed financial technology company and the first-and-only digital investment advisor for the Central Provident Fund (CPF), Supplementary Retirement Scheme (SRS), and cash.Endowus offers access to superior investment products, personalised advice, and lower costs on a seamless digital investment platform for all investors. Partnered with UOB Kay Hian, Singapore's largest broker, client assets and positions are safely held in the client's own name. For more info, please visit www.endowus.com/For media queries, please contact:PRecious Communications for EndowusE: endowus@preciouscomms.com T: +65 6303 0567 / +65 9644 2930 Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

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