KUALA LUMPUR, Oct 31 (Bernama) -- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Hong Kong's Bank of China Group Insurance Company Limited (BOCG Insurance).
According to a statement, the outlook of these Credit Ratings (ratings) is stable.
The ratings reflect BOCG Insurance’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
The risk-adjusted capitalisation level of BOCG Insurance remained at the strongest level as of year-end 2021, as measured by Best’s Capital Adequacy Ratio.
The company’s capital and surplus continued to grow organically in 2021, supported by profit retention and favourable capital gains.
Over the 2017-2021 period, BOCG Insurance remained profitable with solid return-on-equity.
The company’s net profit in 2021 was underpinned by solid investment returns, supported by its share of profits from investments in associated insurance companies, coupled with a stable stream of interest and dividend income from its fixed income-oriented investment portfolio.
In 2021, BOCG Insurance ranked 11th in terms of Hong Kong onshore non-life gross written premium, with a market share of 2.7 per cent. The company’s underwriting portfolio remains diversified with four major product lines – namely property damage; accident and health; motor; and, general liability.
Going forward, the company is expected to focus on direct business, while maintaining the premium scale of its inward reinsurance portfolio.
AM Best expects the company to continue leveraging the broad branch network of its banking parent to tap the vast customer base and obtain profitable business.
-- BERNAMA
Monday, 31 October 2022
GTJAI’s 'China Funds Festival' live broadcast discusses market trends, investment strategies
KUALA LUMPUR, Oct 28 (Bernama) -- Guotai Junan International Holdings Ltd (GTJAI) has announced its first launch of the “China Funds Festival”, inviting five leading Chinese fund companies in Hong Kong to participate in a live broadcast and discuss market trends and investment strategies with investors.
The fund companies namely CSOP Asset Management, ChinaAMC Fund (Hong Kong), Bosera International, E Fund Management (Hong Kong) Co Ltd and Guotai Junan Asset Management (Asia).
“This event not only brought together the strength of the Chinese asset management industry but also enhanced the understanding and interest of ordinary investors on professional fund investment,” it said in a statement.
It reminded investors of the risks in participating in global market investments, assisting them in establishing a professional and prudent investment philosophy to set up medium and long-term wealth and asset preservation plans by combining their own risk preferences.
“This fund festival will further unite the strength of major Chinese asset management companies in Hong Kong. Together we provide more comprehensive services to investors,” said GTJAI chief executive officer Qi Haiying.
During the event, representatives from leading Chinese fund companies shared their investment insights with investors in the live stream, including the direction of asset allocation under the Fed's interest rate hike, global bond market and fund investment strategies.
Based in Hong Kong, GTJAI is the market leader and first mover for the internationalisation of Chinese Securities Company, providing diversified integrated financial services.
-- BERNAMA
BEST'S MARKET SEGMENT REPORT: AM BEST MAINTAINS NEGATIVE OUTLOOK ON INDONESIA NON-LIFE INSURANCE MARKET
SINGAPORE, Oct 31 (Bernama-BUSINESS WIRE) -- AM Best is maintaining its negative market segment outlook on the Indonesia non-life insurance segment, citing challenges in credit and motor insurance and ongoing macroeconomic uncertainties. Claims frequency normalization, which has the potential to dampen the segment’s profitability, also underpins the negative outlook.
In a new Best’s Market Segment Report, “Market Segment Outlook: Indonesia Non-Life Insurance,” AM Best notes that it expects the segment to exhibit higher growth in 2022, supported by the resumption of domestic activity and demand as Indonesia transitions to treating COVID-19 as endemic and moves away from strict lockdowns seen up to 2021. However, market growth is likely to fall short of the levels seen prior to the pandemic given the downside risks to domestic economic expansion, including a potential global recession, inflationary pressures and domestic monetary tightening.
In AM Best’s view, the poor underwriting performance in the credit insurance line is a systemic issue that continues to affect the market. “Underwriting losses stemming from credit insurance have led to financial strain for several industry players, as the economic impact from COVID-19 hampered the debt repayment abilities of consumers,” said Chris Lim, senior financial analyst, AM Best. “In turn, this has led to higher default rates, and therefore, higher credit insurance claims.”
Premium rate inadequacy, weaknesses in underwriting risk management and overexposure to credit insurance during a period of significant economic stress have weakened the financial profiles of various mid-to-large domestic insurers and reinsurers. This has led to a capital event for some and may continue to pose a drag on the operating performance of others.
Inflationary pressures are also anticipated to constrain the underwriting margins for insurers. In particular, AM Best expects claims inflation to weigh on the underwriting margins for motor and health insurance. “Rising inflation is expected to lead to an increase in motor claims costs, driven by the higher cost of labour and spare parts,” said Myles Gould, director, analytics, AM Best. “Medical cost inflation in Indonesia is also estimated to be rising at a pace notably faster than general inflation.”
In addition, business growth in motor insurance may be dampened by factors that negatively impact the demand for motor vehicles over the near term. Business expansion in motor insurance in 2021 and the first half of 2022 benefitted in part by an increase in new car sales, which was stimulated by a temporary reduction of luxury goods sales tax. However, this tax incentive has been terminated.
AM Best could revise the outlook to stable should these challenges diminish in the future.
To access the full copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=325505.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2022 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20221030005002/en/
Contact
Chris Lim
Senior Financial Analyst
+65 6303 5018
chris.lim@ambest.com
Myles Gould
Director, Analytics
+44 207 397 0304
myles.gould@ambest.com
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
Al Slavin
Communications Specialist
+1 908 439 2200, ext. 5098
al.slavin@ambest.com
Source : AM Best
In a new Best’s Market Segment Report, “Market Segment Outlook: Indonesia Non-Life Insurance,” AM Best notes that it expects the segment to exhibit higher growth in 2022, supported by the resumption of domestic activity and demand as Indonesia transitions to treating COVID-19 as endemic and moves away from strict lockdowns seen up to 2021. However, market growth is likely to fall short of the levels seen prior to the pandemic given the downside risks to domestic economic expansion, including a potential global recession, inflationary pressures and domestic monetary tightening.
In AM Best’s view, the poor underwriting performance in the credit insurance line is a systemic issue that continues to affect the market. “Underwriting losses stemming from credit insurance have led to financial strain for several industry players, as the economic impact from COVID-19 hampered the debt repayment abilities of consumers,” said Chris Lim, senior financial analyst, AM Best. “In turn, this has led to higher default rates, and therefore, higher credit insurance claims.”
Premium rate inadequacy, weaknesses in underwriting risk management and overexposure to credit insurance during a period of significant economic stress have weakened the financial profiles of various mid-to-large domestic insurers and reinsurers. This has led to a capital event for some and may continue to pose a drag on the operating performance of others.
Inflationary pressures are also anticipated to constrain the underwriting margins for insurers. In particular, AM Best expects claims inflation to weigh on the underwriting margins for motor and health insurance. “Rising inflation is expected to lead to an increase in motor claims costs, driven by the higher cost of labour and spare parts,” said Myles Gould, director, analytics, AM Best. “Medical cost inflation in Indonesia is also estimated to be rising at a pace notably faster than general inflation.”
In addition, business growth in motor insurance may be dampened by factors that negatively impact the demand for motor vehicles over the near term. Business expansion in motor insurance in 2021 and the first half of 2022 benefitted in part by an increase in new car sales, which was stimulated by a temporary reduction of luxury goods sales tax. However, this tax incentive has been terminated.
AM Best could revise the outlook to stable should these challenges diminish in the future.
To access the full copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=325505.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2022 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20221030005002/en/
Contact
Chris Lim
Senior Financial Analyst
+65 6303 5018
chris.lim@ambest.com
Myles Gould
Director, Analytics
+44 207 397 0304
myles.gould@ambest.com
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
Al Slavin
Communications Specialist
+1 908 439 2200, ext. 5098
al.slavin@ambest.com
Source : AM Best
Sunday, 30 October 2022
Mary Kay Announces Skin Health Grants and Delivers Eye-Opening Research on the Biology of Droopy Eyes at the 51st Annual European Society for Dermatological Research Meeting
 |
| “Women are seeking more advanced at-home beauty treatment options and our Upstream Innovation team is meeting this need by designing new products that provide compelling skin benefits. Participation at international conferences like ESDR is one way we share and learn about the latest advancements in skincare science to remain relevant in our research efforts and build industry-wide connections,” said Dr. Lucy Gildea, Chief Innovation Officer, Product & Science at Mary Kay. (Credit: Mary Kay Inc.) |
DALLAS, Oct 28 (BUSINESS WIRE) -- Mary Kay Inc., one of the world’s innovative skincare companies, has announced a new partnership with the European Society for Dermatological Research (ESDR) with its registered office in Geneva, Switzerland, to award grants to researchers at the 51st Annual ESDR Meeting. The congress took place between September 28 – October 1, 2022, in person with the sessions recorded and available on-demand after the congress.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221025005847/en/
Mary Kay will be awarding two $20,000 grants to researchers conducting groundbreaking and innovative studies in skin health or skin diseases, for which eligible applicants can apply through December 9, 2022. Winners will be announced during a special virtual event this coming March preceding the inaugural meeting of the First International Societies for Investigative Dermatology conference in May. With these funds, Mary Kay hopes to empower researchers to uncover new perspectives and interventional strategies in dermatology.
Mary Kay presented exciting new findings at the 51st annual ESDR meeting as part of its ongoing research focused on the biology of skin aging. The team explored the changes over time that impact the eye, specifically the upper eyelid. Over time, the upper eyelid contours begin to sag, leading to a droopy or hooded appearance. Currently, only in-office options have been shown to significantly improve the appearance of droopy lids. At the annual meeting, Geetha Kalahasti, Associate Principal Scientist, Upstream Research, Clinical & Scientific Credentialing at Mary Kay shared the results of a clinical study that evaluated the effectiveness of a cosmetic formulation containing botanical extracts as a topical solution to treat droopy lids. Botanical extracts targeted three main components that contribute to the effect - dermal matrix degradation, weakening of the upper eyelid retractor, and shifting of upper eyelid fat pads. The findings showed significant improvement in eyelid droopiness and contouring, providing a promising at-home cosmetic solution to the droopy eye concern. Two independent board-certified dermatologists evaluated the clinical images and confirmed the results to be compelling.
“Women are seeking more advanced at-home beauty treatment options and our Upstream Innovation team is meeting this need by designing new products that provide compelling skin benefits. This is just one of the many ways we meet and exceed consumer expectations,” said Dr. Lucy Gildea, Chief Innovation Officer, Product & Science at Mary Kay. “Participation at international conferences like ESDR is one way we share and learn about the latest advancements in skincare science to remain relevant in our research efforts, build industry-wide connections, and establish Mary Kay as a global leader in skin science.”
ESDR supports investigative dermatology with the goal of improving the health of patients who are suffering from skin disorders. The annual European Society for Dermatological Research (ESDR) Conference is held in Europe each year every September. The content of this year’s annual ESDR meeting included guest lectures from internationally recognized scientists, oral presentations from peer-reviewed abstracts, cutting-edge “frontier” talks in skin science, educational symposia on a wide range of topics, electronic presentations of posters, and interactive workshop-type sessions. With an attendance of over 1,100 registered delegates from 51 countries, the ESDR annual meeting attracts scientists from all over the world with an interest in dermatology to discover the latest basic, clinical, and translational research findings.
“On behalf of the ESDR board, we would like to thank Mary Kay for its support of the ESDR and its generous contribution to ESDR activities. A key objective of our Society is to promote innovative research in investigative dermatology and to support researchers' activities in translational skin research. We are honored, grateful, and delighted to have Mary Kay as part of this effort,” said Eli Sprecher, Chair of the Scientific Program Committee of ESDR.
ABOUT MARY KAY
One of the original glass ceiling breakers, Mary Kay Ash founded her dream beauty company in 1963 with one goal: enriching women’s lives. That dream has blossomed into a multibillion-dollar company with millions of independent sales force members in nearly 40 countries. As an entrepreneurship development company, Mary Kay is committed to empowering women on their journey through education, mentorship, advocacy, networking, and innovation. Mary Kay is dedicated to investing in the science behind beauty and manufacturing cutting-edge skincare, color cosmetics, nutritional supplements, and fragrances. Mary Kay believes in enriching lives today for a sustainable tomorrow, partnering with organizations from around the world focusing on promoting business excellence, supporting cancer research, advancing gender equality, protecting survivors of domestic abuse, beautifying our communities, and encouraging children to follow their dreams. Learn more at marykayglobal.com, find us on Facebook, Instagram, and LinkedIn, or follow us on Twitter.
ABOUT THE EUROPEAN SOCIETY FOR DERMATOLOGICAL RESEARCH (ESDR)
The European Society for Dermatological Research (ESDR), founded in 1970, is a non-profit organization promoting basic and clinical science related to dermatology. The ESDR is the largest investigative dermatology society in Europe with a current membership of about 1100. By supporting investigative dermatology and skin research, the ESDR contributes to an in-depth understanding of skin homeostasis and towards improving the health of patients suffering from skin and venereal diseases. The ESDR facilitates the exchange of information relevant to investigative dermatology between clinicians and scientists worldwide. The ESDR also organizes educational events throughout the year to further knowledge in dermatological research. For more information, please visit: https://esdr.org/
View source version on businesswire.com: https://www.businesswire.com/news/home/20221025005847/en/
Contact
Mary Kay Inc. Corporate Communications
marykay.com/newsroom
972.687.5332 or media@mkcorp.com
Source : Mary Kay Inc.
Friday, 28 October 2022
fifty-five bolsters European presence with new Milan office
KUALA LUMPUR, Oct 27 (Bernama) -- Global marketing technology consultancy company fifty-five has bolstered its presence in the strategic southern European market by opening its 10th office in Milan, Italy.
In a statement today, fifty-five managing director Sebastien Moaligou said the company identified southern Europe as a strategic development axis very early on and is excited to expand its European presence with the new Milan office.
“Milan is at the heart of innovation and is home to many major global brands within the consumer products and luxury industries.
“We are looking forward to furthering our support of our existing clients in southern Europe with our strategic and operational consulting expertise as well as expanding our client portfolio with global brands in this region with our data-driven approach to marketing,” he said.
Subsequently, fifty-five has appointed Alessandra Bosco as head of the Milan office.
“With over 12 years of experience in marketing and digital as well as having held management positions at renowned companies such as Rocket Internet, Here and Hubject, Bosco is a genuine international expert,” the statement said.
Headquartered in Paris with offices in London, Hong Kong, and New York, among others, fifty-five is part of The Brandtech Group.
-- BERNAMA
KYRIBA REVOLUTIONIZES CASH FORECASTING FOR CFOS WITH LIQUIDITY PLANNING PLATFORM
New Solution Helps Predict and Reach Free Cash Flow Targets to Improve Financial Resilience Against Market Volatility
SAN DIEGO, Oct 25 (Bernama-BUSINESS WIRE) -- Kyriba, (“the Company”), a global leader of cloud-based finance and IT solutions, today announced the launch of Liquidity Planning, a totally reimagined cash flow planning and forecasting solution. Liquidity Planning unifies FP&A, working capital and treasury data across multiple scenarios, giving CFOs data, insight and actionability to accurately manage the cash lifecycle and improve the accuracy of free cash flow projections.“Forecasting has changed. CFOs must plan liquidity and free cash flow against multiple risk scenarios and they are demanding data and analytics to deliver forecast accuracy in real-time,” said Bob Stark, Global Head of Market Strategy at Kyriba. “The cost of ineffective forecasting has risen to unprecedented levels, with CFOs losing millions because they lack the tools to manage enterprise liquidity.”
Innovation from Kyriba’s Liquidity Planning Platform
· Long Term Planning: Consolidated forecast planning, integrating FP&A, Treasury, A/P and A/R to extend forecast horizons by at least 12 months to more efficiently reach Free Cash Flow objectives.
· Forecast Scenario Modeling: Simultaneously manage multiple cash forecasts in parallel and model against liquidity planning and risk scenarios.
· Liquidity Analytics: Real-time data visualization and simulation for cash, investing, borrowing and counterparty analysis to improve liquidity resilience against economic volatility.
According to a recent report from IDC, only 20% of finance leaders have confidence in forecasts beyond one month and 5% beyond three months.¹
This is Kyriba’s fourth product innovation announced in the past three months to support CFOs during a time of unprecedented volatility and uncertainty. Liquidity Planning is complemented by Cash Management AI, FX Portfolio VaR Analysis and Commodities Risk Management.
Meet Kyriba at the AFP conference for live booth presentations, October 24-26 in Philadelphia, booth number 717.
Thursday, 27 October 2022
Napier unveils advanced new financial crime risk management platform
KUALA LUMPUR, Oct 26 (Bernama) -- Napier, a leading anti-money laundering and compliance technology provider, has launched Napier Continuum, its new advanced financial crime risk management platform.
According to a company’s statement, the platform offers high levels of automation whilst improving the efficiency and accuracy of financial crime compliance programmes for regulated organisations of all maturity levels.
It is set to be the first end-to-end artificial intelligence (AI)-enhanced platform that is purpose-built for modern financial markets by optimising current risk operations as organisations manage new, unknown future risks.
With advanced AI and automation embedded throughout the platform, underpinned by low-code/no-code rules and sandbox environments, organisations can respond to evolving threats and regulations with faster decision-making and improved accuracy in investigations.
Built on next-generation technologies, Napier Continuum provides a dynamic and holistic view of financial crime risks while improving operational efficiencies and decreasing the total cost of ownership.
The Continuum enables access to the full suite of Napier’s financial crime compliance products, including Perpetual Client Risk Assessment, Transaction Monitoring, Screening, and Risk Assessment tools.
In addition, customers will have the option to deploy Napier Continuum as an end-to-end platform, point solution, or as an aggregation layer to complement existing systems.
-- BERNAMA
SOME 120 RELIGIOUS LEADERS FROM THE ASIA PACIFIC REGION CELEBRATED THE FIRST ANNIVERSARY OF THE PACIFIC CHRISTIAN LEADERSHIP CONFERENCE (PCLC)
UPF’s Pacific Christian Leadership Conference Celebrates 1st Anniversary
Washington, DC, Oct 27 (Bernama-GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE
Engaging Christian Cooperation to Strengthen Families:
UPF’s Pacific Christian Leadership Conference Celebrates 1st Anniversary - QUEZON CITY, PHILIPPINES
On Oct. 26, 2022, some 120 religious leaders from the Asia Pacific region celebrated the first anniversary of the Pacific Christian Leadership Conference (PCLC), an ecumenical organization under the umbrella of the Universal Peace Federation (UPF) that promotes Christian unity and interfaith cooperation.
Christian leaders from many nations joined in prayers for peace and discussed ways to assist Christianity in fulfilling its destiny as a beacon of freedom, faith, and family throughout the world. They focused on ways to develop good character in youth and strengthen the institution of marriage, which are the keys to building stable and loving families. The conference’s theme was drawn from Ephesians 4:2-3: “With all humility and gentleness, with patience bearing with one another in love, make every effort to keep the unity of the Spirit through the bond of peace.”
Peace is when “all Christian clergy come together in front of heaven, by the love of Jesus Christ, the heavenly love,” said Rev. Masaichi Hori, chair of the PCLC Executive Committee, in his opening remarks at the Luxent Hotel in Quezon City, Philippines.
“We are foremost sons and daughters of God...we are one human family under God,” UPF International Director General Dr. Yun Young-ho said in remarks delivered by Dr. Julius Malicdem, vice chair of the PCLC Executive Committee.
UPF, a global non-profit organization with consultative status at the United Nations, promotes interreligious cooperation as part of its peacebuilding efforts. The PCLC and its affiliate, the World Christian Leadership Conference (WCLC), was co-founded by Dr. Hak Ja Han Moon and her husband, the Rev. Dr. Sun Myung Moon.
In Dr. Moon’s video remarks, she said that despite the suffering and chaos that has befallen humanity throughout history, God never gave up His dream of seeing His children live in the Kingdom of Heaven on Earth.
“Throughout history, religions have guided human beings,” she said. “Now, however, it is obvious they have reached their final destination. This means the hope of humanity is to actually fulfill the original ideal that God had at the beginning of creation. God, our Heavenly Parent, wanted our first human ancestors to become true parents — ancestors of goodness connected to God as a couple.”
Dr. Moon and her late husband began the international Marriage Blessing movement in the 1960s to unite millions of couples from diverse backgrounds and usher in a new era of peace through cross-cultural families centered on God. Dr. Robert S. Kittel, co-chair of the PCLC Executive Committee, said that its core mission is to help churches revive the Christian spirit in all societies and become peacemakers. “We know...unsolved familial wars fester and grow beyond the family,” he said. “They are the foundation and fuel that turn into social, racial, civil, national, and even world wars.”
The PCLC sessions focused on how Christianity can instill high moral standards and a sense of altruism, empathy, and kindness in young people, and how churches can strengthen marriage and family as “building blocks” of a heavenly community.
Among the conference speakers were: Bishop Grepor “Butch” Belgica, Presidential Adviser for Moral Transformation and Religious Affairs Office of the President, Republic of the Philippines; Bishop Dr. Ki Hoon Kim, Chairman, World Christian Leadership Conference; Most Rev. Nolly C, Buco, Auxiliary Bishop from the Dioceses of Antipolo in the Philippines; Rev. Dr. Luonne Rouse, National Co-Chair, American Clergy Leadership Conference; Bishop Joharni Bendoy, Evangelical Bishops Conference of the Philippines; Rev. Jimmy Sormin, Executive Secretary, Communion of Churches in Indonesia; Min. Joshua Holmes, National Co-Director, Young Christian Leadership Conference/Assistant Pastor, Manhattan (USA) Family Church; Ptr. Raniera Pene. Minister and Youth Leader, The Ratana Church of New Zealand; Rev. Ronnie D. Sodusta, Regional Vice President, Family Federation for World Peace and Unification (FFWPU)-Asia Pacific Region 2; Msgr. Joseph Lalo, Priest, Eastern Catholic Church: Neo Monastic of St. Thomas, Philippines; Hon. J. Uduch Sengebau Sr., Vice President, Republic of Palau; Mrs. Wendy Francis, National Director for Politics, Australian Christian Lobby; Msgr. Pedro Gerardo Santos, Parish Priest of St. Andrew the Apostle Parish, Makati City, Philippines; Abp. Antonio J. Ledesma, Archbishop-Emeritus of Cagayan de Oro, Philippines; Rev. Gregory Stone, Secretary-General, PCLC Executive Committee; Rev. Yutaka Yamada, Sub-Regional Director, FFWPU-Oceania; and Rev. Demian Dunkley, President, FFWPU-Asia Pacific Region 1.
The PCLC nations include Australia, Fiji, Indonesia, Malaysia, New Zealand, Papua New Guinea, the Philippines, Samoa, Solomon Islands, Sri Lanka, Tonga, and Vanuatu.
ASIA PACIFIC Media contacts:
Pacific Christian Leadership Conference Southeast Asia Office (Quezon City, Philippines): Tel: 632-8924-1833
Email: pclcconferencesecretariat@gmail.com
Pacific Christian Leadership Conference Oceania Office (NSW, Australia): (61-2) 9211-9978
Email: oceaniahq@gmail.com
Attachment
Washington, DC, Oct 27 (Bernama-GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE
Engaging Christian Cooperation to Strengthen Families:
UPF’s Pacific Christian Leadership Conference Celebrates 1st Anniversary - QUEZON CITY, PHILIPPINES
On Oct. 26, 2022, some 120 religious leaders from the Asia Pacific region celebrated the first anniversary of the Pacific Christian Leadership Conference (PCLC), an ecumenical organization under the umbrella of the Universal Peace Federation (UPF) that promotes Christian unity and interfaith cooperation.
Christian leaders from many nations joined in prayers for peace and discussed ways to assist Christianity in fulfilling its destiny as a beacon of freedom, faith, and family throughout the world. They focused on ways to develop good character in youth and strengthen the institution of marriage, which are the keys to building stable and loving families. The conference’s theme was drawn from Ephesians 4:2-3: “With all humility and gentleness, with patience bearing with one another in love, make every effort to keep the unity of the Spirit through the bond of peace.”
Peace is when “all Christian clergy come together in front of heaven, by the love of Jesus Christ, the heavenly love,” said Rev. Masaichi Hori, chair of the PCLC Executive Committee, in his opening remarks at the Luxent Hotel in Quezon City, Philippines.
“We are foremost sons and daughters of God...we are one human family under God,” UPF International Director General Dr. Yun Young-ho said in remarks delivered by Dr. Julius Malicdem, vice chair of the PCLC Executive Committee.
UPF, a global non-profit organization with consultative status at the United Nations, promotes interreligious cooperation as part of its peacebuilding efforts. The PCLC and its affiliate, the World Christian Leadership Conference (WCLC), was co-founded by Dr. Hak Ja Han Moon and her husband, the Rev. Dr. Sun Myung Moon.
In Dr. Moon’s video remarks, she said that despite the suffering and chaos that has befallen humanity throughout history, God never gave up His dream of seeing His children live in the Kingdom of Heaven on Earth.
“Throughout history, religions have guided human beings,” she said. “Now, however, it is obvious they have reached their final destination. This means the hope of humanity is to actually fulfill the original ideal that God had at the beginning of creation. God, our Heavenly Parent, wanted our first human ancestors to become true parents — ancestors of goodness connected to God as a couple.”
Dr. Moon and her late husband began the international Marriage Blessing movement in the 1960s to unite millions of couples from diverse backgrounds and usher in a new era of peace through cross-cultural families centered on God. Dr. Robert S. Kittel, co-chair of the PCLC Executive Committee, said that its core mission is to help churches revive the Christian spirit in all societies and become peacemakers. “We know...unsolved familial wars fester and grow beyond the family,” he said. “They are the foundation and fuel that turn into social, racial, civil, national, and even world wars.”
The PCLC sessions focused on how Christianity can instill high moral standards and a sense of altruism, empathy, and kindness in young people, and how churches can strengthen marriage and family as “building blocks” of a heavenly community.
Among the conference speakers were: Bishop Grepor “Butch” Belgica, Presidential Adviser for Moral Transformation and Religious Affairs Office of the President, Republic of the Philippines; Bishop Dr. Ki Hoon Kim, Chairman, World Christian Leadership Conference; Most Rev. Nolly C, Buco, Auxiliary Bishop from the Dioceses of Antipolo in the Philippines; Rev. Dr. Luonne Rouse, National Co-Chair, American Clergy Leadership Conference; Bishop Joharni Bendoy, Evangelical Bishops Conference of the Philippines; Rev. Jimmy Sormin, Executive Secretary, Communion of Churches in Indonesia; Min. Joshua Holmes, National Co-Director, Young Christian Leadership Conference/Assistant Pastor, Manhattan (USA) Family Church; Ptr. Raniera Pene. Minister and Youth Leader, The Ratana Church of New Zealand; Rev. Ronnie D. Sodusta, Regional Vice President, Family Federation for World Peace and Unification (FFWPU)-Asia Pacific Region 2; Msgr. Joseph Lalo, Priest, Eastern Catholic Church: Neo Monastic of St. Thomas, Philippines; Hon. J. Uduch Sengebau Sr., Vice President, Republic of Palau; Mrs. Wendy Francis, National Director for Politics, Australian Christian Lobby; Msgr. Pedro Gerardo Santos, Parish Priest of St. Andrew the Apostle Parish, Makati City, Philippines; Abp. Antonio J. Ledesma, Archbishop-Emeritus of Cagayan de Oro, Philippines; Rev. Gregory Stone, Secretary-General, PCLC Executive Committee; Rev. Yutaka Yamada, Sub-Regional Director, FFWPU-Oceania; and Rev. Demian Dunkley, President, FFWPU-Asia Pacific Region 1.
The PCLC nations include Australia, Fiji, Indonesia, Malaysia, New Zealand, Papua New Guinea, the Philippines, Samoa, Solomon Islands, Sri Lanka, Tonga, and Vanuatu.
ASIA PACIFIC Media contacts:
Pacific Christian Leadership Conference Southeast Asia Office (Quezon City, Philippines): Tel: 632-8924-1833
Email: pclcconferencesecretariat@gmail.com
Pacific Christian Leadership Conference Oceania Office (NSW, Australia): (61-2) 9211-9978
Email: oceaniahq@gmail.com
Attachment
William Selig
Universal Peace Federation
240-274-1744
wselig@upf.org
SOURCE : Universal Peace Federation USA
ASUENE SECURES US$20 MLN IN SERIES B FUNDRAISING ROUND
KUALA LUMPUR, Oct 27 (Bernama) -- Asuene Inc, the leading climate tech company in Japan, has raised US$20 million in total from its Series B fundraising round, bringing its cumulative investments and loans to US$23 million since the company's inception in October 2019.
In a statement today, it said the funds will be used to strengthen the recruitment of talented personnel, expand system functions, and enhance system specifications for global expansion.
“We will invest all the funds and resources to become the number one climate tech company, providing a one-stop solution for decarbonisation management,” said Asuene co-founder and chief executive officer, Kohei Nishiwada.
The fundraising round involved 14 venture capitals and financial institutions, including Pavilion Capital, an investment company under the Singapore government, and Axiom Asia Private Capital, a leading private equity fund in Asia.
The company said it will continue to promote decarbonisation in all industries, both domestic and international, and create social impact through business growth as a leading climate tech company.
-- BERNAMA
CONG THANH NGUYEN NAMED BUSINESS DEVELOPMENT MANAGER FOR VIETNAM FOR NIKKISO CLEAN ENERGY AND INDUSTRIAL GASES GROUP
TEMECULA, Calif., Oct 27 (Bernama-GLOBE NEWSWIRE) -- Nikkiso Cryogenic Industries’ Clean Energy & Industrial Gases Group (“Group”), a part of the Nikkiso Co., Ltd (Japan) group of companies, is pleased to announce that Cong Thanh Nguyen has been named Business Development Manager for their Cryogenic Equipment & Solutions market serving Vietnam.
Based in Hanoi, Vietnam, Cong will be on the front line of the region’s growing Industrial Gas and LNG business, providing solutions from our industrial products line and offering strong service and local support. He will be responsible for expanding the brand awareness of the Group to a broad range of local customers. Additionally, this will complete three major business lines of Nikkiso in Vietnam besides Aerospace and Medical divisions.
Cong was previously Business Development Manager for Vietnam Industrial Gas. His responsibilities included collaborating with numerous departments to develop and implement improvement strategies. He has a Master of Arts degree in International Business from the University of Greenwich, England (Singapore Campus).
“Cong’s industry and international business experience combined with his knowledge of the local market will be of great benefit, as we work to develop the opportunities in this region” according to Tim Born, Vice President, Southeast Asia.
With this addition, Nikkiso continues their commitment to provide direct support and be both a global and local presence for their customers.
ABOUT CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (now a member of Nikkiso Co., Ltd.) member companies manufacture and service engineered cryogenic gas processing equipment (pumps, turboexpanders, heat exchangers, etc.), and process plants for Industrial Gases, Natural gas Liquefaction (LNG), Hydrogen Liquefaction (LH2) and Organic Rankine Cycle for Waste Heat Recovery. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, Nikkiso Cryo, Nikkiso Integrated Cryogenic Solutions, Cosmodyne and Cryoquip and a commonly controlled group of approximately 20 operating entities.
For more information, please visit www.nikkisoCEIG.com and www.nikkiso.com.
MEDIA CONTACT:
Anna Quigley
+1.951.383.3314
aquigley@cryoind.com
SOURCE : Cryogenic Industries
Based in Hanoi, Vietnam, Cong will be on the front line of the region’s growing Industrial Gas and LNG business, providing solutions from our industrial products line and offering strong service and local support. He will be responsible for expanding the brand awareness of the Group to a broad range of local customers. Additionally, this will complete three major business lines of Nikkiso in Vietnam besides Aerospace and Medical divisions.
Cong was previously Business Development Manager for Vietnam Industrial Gas. His responsibilities included collaborating with numerous departments to develop and implement improvement strategies. He has a Master of Arts degree in International Business from the University of Greenwich, England (Singapore Campus).
“Cong’s industry and international business experience combined with his knowledge of the local market will be of great benefit, as we work to develop the opportunities in this region” according to Tim Born, Vice President, Southeast Asia.
With this addition, Nikkiso continues their commitment to provide direct support and be both a global and local presence for their customers.
ABOUT CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (now a member of Nikkiso Co., Ltd.) member companies manufacture and service engineered cryogenic gas processing equipment (pumps, turboexpanders, heat exchangers, etc.), and process plants for Industrial Gases, Natural gas Liquefaction (LNG), Hydrogen Liquefaction (LH2) and Organic Rankine Cycle for Waste Heat Recovery. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, Nikkiso Cryo, Nikkiso Integrated Cryogenic Solutions, Cosmodyne and Cryoquip and a commonly controlled group of approximately 20 operating entities.
For more information, please visit www.nikkisoCEIG.com and www.nikkiso.com.
MEDIA CONTACT:
Anna Quigley
+1.951.383.3314
aquigley@cryoind.com
SOURCE : Cryogenic Industries
Wednesday, 26 October 2022
Chongming's good air quality a boon to farms, crops
KUALA LUMPUR, Oct 25 (Bernama) -- Chongming farmers have unanimously recognised the positive impact of good air on agricultural products.
Toxic gases in the air, such as sulphur dioxide, ozone and nitrogen oxides, can enter the leaves or crops through the open stomata on their surface, thus affecting photosynthesis efficiency and damaging leaf tissue, leading to yellowing, whitening and withering of the leaves.
The Shanghai Chongming District People’s Government Information Office said the excellence of air quality in Chongming Island increased from 80.5 per cent in 2017 to 92.8 per cent in 2021.
“The concentration of fine particulate matter PM2.5 decreased by 31.6 per cent during the same period,” it said in a statement.
It said the concentration of nitrogen dioxide, sulphur dioxide and nitric oxide continued to decrease, reaching the national first-class standard. Chongming’s overall air quality is one of the best among Shanghai’s 16 districts.
Farmers who plant crispy taros in Luhu Village are proud of their better quality products compared to neighbouring provinces.
“We don’t use pesticides to enhance rice growth because the soil is good, the water is good, and the air is good,” said Huang Guochao, who planted rice in Miaozhen Town and initiated the “rice-fish symbiosis” project.
In addition, the 10 hectares of honey pear planted in Xinhe Town also require a high-growth environment, and only in Chongming can they grow well, local farmers added.
-- BERNAMA
CHONGMING BANKS ON ITS "FOREST ECONOMICS"
KUALA LUMPUR, Oct 25 (Bernama) -- Chongming, an island district of Shanghai at the mouth of the Yangtze River, banks on its large forest cover of 36,000 hectares, or 30 per cent of its total area and nearly one-third of Shanghai’s total, to give rise to “forest economics”.
According to Shanghai Chongming District Information Office, the forest cover played an important role in air purification, water conversation and climate regulation while agricultural products grown in the forest reduced the adverse effects of wind, drought, diseases and pests.
“While it is widely believed that high forest coverage can help improve the quality of local agricultural products, few may know that tall fruit trees such as orange and pear trees are also forest resources.
“Chongming fruit forests have both ecological and economic value,” it said in a statement today.
It said the Shanghai Conghui Agricultural Products Professional Cooperative also planted matsutake mushrooms in the forest in Xincun Town.
“The mushrooms are grown with local rice straw as the substrate and organic fertiliser is applied,” it said.
It said the district is also exploring planting Chinese herbs such as dendrobium and some shade-loving flowers and plants in forests.
Meanwhile, head of Chongming Luhua Agricultural Trade Co Gu Chao said the sales price of locally produced Cuiguan pears has surged more than 30 per cent this year and the brand-name pear was sold out as early as before the end of July.
Gu said the popularity of Chongming pear lied in its superior quality, owing to the island’s suitable environment for the growth of pear trees.
“Pear trees grow well and have fewer pests and diseases,” research fellow with the Forestry and Fruit Institute of the Shanghai Academy of Agricultural Sciences Luo Jun added.
-- BERNAMA
INTERNET INITIATIVE JAPAN’S CLOUD SERVICE TO AUTOMATE SECURITY OPS AT OVERSEAS LOCATIONS
KUALA LUMPUR, Oct 26 (Bernama) -- Internet Initiative Japan Inc (IIJ), one of Japan's leading Internet access and comprehensive network solutions providers, has launched IIJ Safous SOARaaS, a monthly cloud service that streamlines and automates security operations at overseas locations.
This service provides integrated security monitoring and operational management of the customer's environment by a dedicated team of analysts through the linkage of the customer's cloud, endpoint, firewall and related security infrastructure with the service platform (SOAR platform).
Security Orchestration Automation and Response (SOAR) refers to technologies and solutions that streamline and automate operations related to security operations.
In the event of a security incident, IIJ Group security analysts will examine security alerts as necessary and notify customers of the analysis results, the scope of impact and other information, according to a statement.
The service will provide Japanese companies with many offices in Asia and companies operating worldwide with global security control and reduce the operational burden of security.
Depending on the severity of the incident, analysts will quickly coordinate information with the customer via e-mail or telephone. Outsourcing customers' primary response to security incidents can greatly reduce their operational costs.
IIJ has also established a security centre in Indonesia, where the IIJ Group security analysts provide 24/7 customer support in English and Japanese.
In cooperation with its local subsidiaries in Asia, IIJ plans to provide support in Chinese, Indonesian, Vietnamese, Thai and other languages by the financial year 2023.
Additionally, managed integrated operational services including installation and replacement of security products, operation of service infrastructure, fine-tuning and version upgrades will enable customers to fully control the security of their overseas branches via IIJ's new service.
More details at https://www.iij.ad.jp/en/
-- BERNAMA
Lisa Cole Joins Cellebrite as Chief Marketing Officer
PETAH TIKVA, Israel and TYSONS CORNER, Va., Oct 25 (GLOBE NEWSWIRE) -- Cellebrite DI Ltd.
(Nasdaq: CLBT), a global leader in Digital Intelligence (DI) solutions for the
public and private sectors, today announced Lisa Cole as Chief Marketing
Officer (CMO).
As
CMO for the leading global Digital Intelligence provider, Lisa will be
responsible for the company’s overall marketing strategy and execution, which
includes brand, public relations, product marketing, demand generation, and
marketing operations.
“With
the recent surge in crime and digital sophistication of criminals at a time of
strained budgets and staff, protecting and serving citizens is harder than ever
before,” said Lisa Cole, Chief Marketing Officer at Cellebrite. “Cellebrite
empowers the world’s leading agencies and enterprises to modernize their
investigative workflows and culture to close the widening public safety gap. I
am honored to be part of Cellebrite’s next phase of growth and look forward to
driving greater adoption of Digital Intelligence solutions to make the world a
safer place.”
Prior
to joining Cellebrite, Lisa was the Vice President of Corporate Marketing at
FARO. Before FARO, she was the Chief Marketing Officer at Huron. Her
transformative work for both companies improved performance and resulted in
three prestigious honors: the 2022 Forrester Return on Integration (ROI) Award,
SiriusDecisions’ 2018 ROI Award, and Demand Gen Report’s 2018 B2B Innovator
Award. Lisa holds a BS in Marketing Management from Western Governors
University.
“As
Cellebrite continues to grow and evolve, it is critical that the company
adjusts and pivots as needed to drive growth and success,” said Yossi Carmil,
Chief Executive Officer of Cellebrite. “Lisa will help strategically elevate
our marketing efforts to drive sales and further develop the company’s
leadership position in the Digital Intelligence marketplace.”
About Cellebrite
Cellebrite’s
(Nasdaq: CLBT) mission is to enable its customers to protect and save lives,
accelerate justice, and preserve privacy in communities around the world. We
are a global leader in Digital Intelligence solutions for the public and
private sectors, empowering organizations in mastering the complexities of
legally sanctioned digital investigations by streamlining intelligence
processes. Trusted by thousands of leading agencies and companies worldwide,
Cellebrite’s Digital Intelligence platform and solutions transform how
customers collect, review, analyze and manage data in legally sanctioned
investigations. To learn more visit us at www.cellebrite.com, https://investors.cellebrite.com,
or follow us on Twitter at @Cellebrite_UFED.
Cellebrite Media
Victor Cooper
Public Relations and Corporate Communications Director
Victor.Cooper@cellebrite.com
+1 404.804.5910
Investors
Investor Relations
investors@cellebrite.com
A
photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/362ab0ad-4b03-4e9c-a6fd-ee18abbd8cb5
Source: Cellebrite Inc.
Tuesday, 25 October 2022
JUNIPER RESEARCH: BUY NOW PAY LATER SPEND TO ACCELERATE, REACHING OVER $437 BILLION GLOBALLY BY 2027; FUELLED BY DETERIORATING MACRO-ECONOMIC FACTORS
BASINGSTOKE, England, Oct 25 (Bernama-BUSINESS WIRE) -- A new study from Juniper Research has found consumer spending using BNPL (Buy Now, Pay Later) platforms will reach $437 billion globally in 2027; rising from $112 billion in 2022. This sizeable growth of 291% will be driven by escalating financial pressures from the rising cost of living, increasing demand for cheap credit solutions.
BNPL schemes allow consumers to pay using regular interest-free instalments, which is attractive to those reliant on credit for purchases. Additionally, BNPL only requires soft credit checks; making it easier to access than credit.
BNPL schemes allow consumers to pay using regular interest-free instalments, which is attractive to those reliant on credit for purchases. Additionally, BNPL only requires soft credit checks; making it easier to access than credit.
- To find out more, see the new report: Buy Now Pay Later: Regulatory Frameworks, Competitor Leaderboard & Market Forecasts 2022-2027
- Download the free whitepaper: Buy Now Pay Later: Reshaping the Payments Market
The Debt Trap Necessitates Regulation
The research found the most significant issue currently facing the BNPL market is the debt trap. BNPL’s lack of credit checks poses a considerable market hurdle, as consumers are being approved for larger loans than they are actually able to repay. However, the report predicts the introduction of financial regulations in several countries will help alleviate this issue. These new regulations are similar to existing credit services. In markets where regulations are softer, it is still vital that vendors act responsibly and clearly communicate all incurred debts promptly to users; helping minimise repayment default rates.
Research author Dominique Tetnowski explained: “Though the future of the market seems unclear given the plethora of impending regulatory changes, enforcing legislation for eligibility checks will ensure the market develops securely.”
Expansion into New Verticals Needed
The research predicts BNPL vendors must look to provide services in alternative verticals to diversify their monetisation opportunities, as eCommerce becomes oversaturated with solutions. It identified the healthcare sector as an emerging opportunity for vendors, owing to a lower risk of defaulting payments from overspending in comparison to the eCommerce market. As such, vendors must look to make strategic partnerships with established healthcare providers to offer BNPL services to healthcare users; ensuring successful entry into the market.
View the BNPL market research: https://www.juniperresearch.com/researchstore/fintech-payments/buy-now-pay-later-research-report
Download the whitepaper: https://www.juniperresearch.com/whitepapers/bnpl-reshaping-the-payments-landscape
Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports, and industry commentary.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20221024005818/en/
Contact
Contact Sam Smith, Press Relations
T: +44(0)1256 830002
E: sam.smith@juniperresearch.com
Source : Juniper Research
The research found the most significant issue currently facing the BNPL market is the debt trap. BNPL’s lack of credit checks poses a considerable market hurdle, as consumers are being approved for larger loans than they are actually able to repay. However, the report predicts the introduction of financial regulations in several countries will help alleviate this issue. These new regulations are similar to existing credit services. In markets where regulations are softer, it is still vital that vendors act responsibly and clearly communicate all incurred debts promptly to users; helping minimise repayment default rates.
Research author Dominique Tetnowski explained: “Though the future of the market seems unclear given the plethora of impending regulatory changes, enforcing legislation for eligibility checks will ensure the market develops securely.”
Expansion into New Verticals Needed
The research predicts BNPL vendors must look to provide services in alternative verticals to diversify their monetisation opportunities, as eCommerce becomes oversaturated with solutions. It identified the healthcare sector as an emerging opportunity for vendors, owing to a lower risk of defaulting payments from overspending in comparison to the eCommerce market. As such, vendors must look to make strategic partnerships with established healthcare providers to offer BNPL services to healthcare users; ensuring successful entry into the market.
View the BNPL market research: https://www.juniperresearch.com/researchstore/fintech-payments/buy-now-pay-later-research-report
Download the whitepaper: https://www.juniperresearch.com/whitepapers/bnpl-reshaping-the-payments-landscape
Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports, and industry commentary.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20221024005818/en/
Contact
Contact Sam Smith, Press Relations
T: +44(0)1256 830002
E: sam.smith@juniperresearch.com
Source : Juniper Research
JUMIO UNVEILS EXTENDED KYX PLATFORM AT MONEY20/20 USA
KUALA LUMPUR, Oct 25 (Bernama) -- Jumio, the leading provider of end-to-end identity proofing, risk assessment and eKYC/AML compliance solutions, has unveiled its extended Jumio KYX Platform at Money20/20 USA, with an integrated orchestration hub benefiting from the company’s acquisition of 4Stop.
“The new innovations and scope of Jumio’s extended KYX Platform is proof of our unwavering commitment to eliminating digital fraud.
“Jumio continues to lead the industry with solutions powered by AI, biometrics and other innovations that help organisations outpace tech-driven fraud advancements, which are expanding in terms of volume, origin and sophistication,” said Jumio Chief Executive Officer, Robert Prigge, in a statement.
The platform streamlines fraud and eKYC/AML compliance management with the intuitive one-stop orchestration hub, which brings together global data, risk signals, real-time analytics, actionable insights and a configurable rules engine to help businesses defend against fraud without compromising user experience.
With over one billion identity, risk and AML transactions completed for over 1,000 organisations in more than 200 countries and territories, Jumio is delivering on its promise to eradicate online identity fraud and accelerate digital trust for all.
The Jumio KYX Platform helps businesses know and trust their users, players, patients – whoever the “X” is in their business – online.
Its intuitive orchestration hub assists professionals tasked with protecting the organisation and its customers from fraud, money laundering and other financial crimes during account onboarding, authentication and ongoing transaction processes.
Based in Palo Alto, Jumio operates globally with offices in North America, Latin America, Europe, Asia Pacific and the Middle East.
-- BERNAMA
TACONIC BIOSCIENCES LAUNCHES FIRST AND ONLY SUPER IMMUNODEFICIENT MOUSE MODELS LACKING RESIDUAL MURINE FC GAMMA RECEPTORS, FOR IMPROVED ANTIBODY THERAPY ASSESSMENT
FcResolv™ NOG Models Provide Greater Clarity and More Translatable Data
RENSSELAER, N.Y., Oct 25 (Bernama-GLOBE NEWSWIRE) -- Taconic Biosciences, a global leader in providing drug discovery animal model solutions, has launched the FcResolv™ NOG portfolio, the first and only super immunodeficient mouse models lacking residual murine Fc gamma receptors (FcγRs) known to confound results in antibody-based therapy studies.
Murine FcγRs can cause false positives or false negatives, leading to incorrect conclusions and derail drug discovery. FcResolv NOG models knock out these receptors for greater clarity in antibody-based drug studies, affording investigators greater confidence and more translatable data with fewer studies and fewer animals. With applicability in oncology, immuno-oncology, and autoimmune disease, FcResolv NOG models are suitable for engrafting a wide range of human cells and tissues, including simultaneous human tumor engraftment and immune system humanization.
“Antibody-based therapies represent one of the fastest-growing classes of drugs, creating a pressing need for better preclinical tools to assess therapeutics such as monoclonal antibodies, antibody-drug conjugates, and bispecific antibodies,” said Dr. Michael Seiler, vice president of commercial products at Taconic. “Taconic’s FcResolv NOG portfolio enables researchers to evaluate drug candidates like these on their own merits, free of interference from residual murine Fc gamma receptor activity.”
FcResolv NOG models eliminate the false negatives that occur when an antibody-based therapeutic’s Fc domain interacts with murine FcγRs as well as the false positives that result when FcγRs trigger residual murine immune activity. They also eliminate costly deconvolution steps otherwise needed to distinguish true drug efficacy from off-target effects mediated through the mouse immune system. With more reliable answers, researchers can target their drug discovery investments more strategically and effectively.
The FcResolv NOG model portfolio is based on the super immunodeficient CIEA NOG mouse®. The portfolio currently includes two models:
RENSSELAER, N.Y., Oct 25 (Bernama-GLOBE NEWSWIRE) -- Taconic Biosciences, a global leader in providing drug discovery animal model solutions, has launched the FcResolv™ NOG portfolio, the first and only super immunodeficient mouse models lacking residual murine Fc gamma receptors (FcγRs) known to confound results in antibody-based therapy studies.
Murine FcγRs can cause false positives or false negatives, leading to incorrect conclusions and derail drug discovery. FcResolv NOG models knock out these receptors for greater clarity in antibody-based drug studies, affording investigators greater confidence and more translatable data with fewer studies and fewer animals. With applicability in oncology, immuno-oncology, and autoimmune disease, FcResolv NOG models are suitable for engrafting a wide range of human cells and tissues, including simultaneous human tumor engraftment and immune system humanization.
“Antibody-based therapies represent one of the fastest-growing classes of drugs, creating a pressing need for better preclinical tools to assess therapeutics such as monoclonal antibodies, antibody-drug conjugates, and bispecific antibodies,” said Dr. Michael Seiler, vice president of commercial products at Taconic. “Taconic’s FcResolv NOG portfolio enables researchers to evaluate drug candidates like these on their own merits, free of interference from residual murine Fc gamma receptor activity.”
FcResolv NOG models eliminate the false negatives that occur when an antibody-based therapeutic’s Fc domain interacts with murine FcγRs as well as the false positives that result when FcγRs trigger residual murine immune activity. They also eliminate costly deconvolution steps otherwise needed to distinguish true drug efficacy from off-target effects mediated through the mouse immune system. With more reliable answers, researchers can target their drug discovery investments more strategically and effectively.
The FcResolv NOG model portfolio is based on the super immunodeficient CIEA NOG mouse®. The portfolio currently includes two models:
- FcResolv NOG, for tumor xenografts using cell lines or patient-derived tumors, engraftment of other normal or pathological human cells and tissues, and immune system humanization studies
- FcResolv hIL-15 NOG, which supports engraftment of human NK cells and is suitable for efficacy studies on antibody-based therapeutics with an antibody-dependent cellular cytotoxicity (ADCC) mechanism of action
To learn more about the FcResolv NOG portfolio, visit www.Taconic.com/fcresolv. Or call 1-888-TACONIC (888-822-6642) in the US, +45 70 23 04 05 in Europe, or email info@taconic.com.
About Taconic Biosciences, Inc.
Taconic Biosciences is a fully licensed, global leader in genetically engineered rodent models and services. Founded in 1952, Taconic provides the best animal solutions so that customers can acquire, custom-generate, breed, precondition, test, and distribute valuable research models worldwide. Specialists in genetically engineered mouse and rat models, microbiome, immuno-oncology mouse models, and integrated model design and breeding services, Taconic operates service laboratories and breeding facilities in the U.S. and Europe, maintains distributor relationships in Asia and has global shipping capabilities to provide animal models almost anywhere in the world.
Media Contact:
Louise Baskin, Senior Director New Product Pipeline
303-432-2495
Louise.Baskin@taconic.com
SOURCE : Taconic Biosciences
About Taconic Biosciences, Inc.
Taconic Biosciences is a fully licensed, global leader in genetically engineered rodent models and services. Founded in 1952, Taconic provides the best animal solutions so that customers can acquire, custom-generate, breed, precondition, test, and distribute valuable research models worldwide. Specialists in genetically engineered mouse and rat models, microbiome, immuno-oncology mouse models, and integrated model design and breeding services, Taconic operates service laboratories and breeding facilities in the U.S. and Europe, maintains distributor relationships in Asia and has global shipping capabilities to provide animal models almost anywhere in the world.
Media Contact:
Louise Baskin, Senior Director New Product Pipeline
303-432-2495
Louise.Baskin@taconic.com
SOURCE : Taconic Biosciences
CHONGMING WATER SECRET TO HIGH-QUALITY CROPS PRODUCE
AsiaNet 98439
Chongming Water Secret
SHANGHAI, Oct. 25, 2022 /Xinhua-AsiaNet/--
Water is believed the secret to the bumper harvest of high quality agricultural products in Chongming. The quality of water in the district maintains the same standard as the water quality of the Dongfeng Xisha Reservoir and Qingcaosha Reservoir -- the major drinking water sources for Shanghai residents.
Since 2007, Chongming has initiated an industrial structure adjustment program in accordance with the requirements of its ecological island construction and the city's industrial structure adjustment.
After over 10 years of effort, nearly 300 projects with out-dated production capacity have been shut down or relocated, including industries such as textile, printing and dyeing, and paper making, which are worried to cause pollution to the water environment.
Through the unremitting water environment improvement project, Chongming's surface water quality compliance rate has reached 100 percent, and agricultural production continues to benefit. Mitten crab is one of the most renowned local aquatic products. Chongming crab is often hailed by gourmands for its attractive aroma and sweet taste.
Wang Chenghui, a professor with Shanghai Ocean University, attributes Chongming's location at the mouth of the Yangtze River to this special flavor. The water quality here, where the fresh water and salty water meets, is rich in nutrients, Wang says.
Although Chongming has a smaller water area and limited production capacity compared with nearby crab-breeding areas in Jiangsu and Anhui provinces, it can improve its crab quality to increase its popularity and value, Wang adds.
Like the crab, high-quality rice is another signature produce of the district. In 2017, Chongming Rice, free from use of chemical fertilizers and pesticides, won the silver medal for its high quality in Shanghai.
The allocation of farming area for green food within the district has reached 92 percent.
At the Jiangfan Fruit and Vegetable Professional Cooperative in Chongming's Miaozhen Town, the model of "rice, fish and cray- fish" has been ongoing for many years.
By raising fish, crayfish and other organisms in rice fields, weeds and pests can be minimized without the use of pesticides.
In the nutritious water, fish and crayfish are well fed while rice produces a good yield, as well as an increased market value.
According to Huang Guochao, head of the cooperative, the income per hectare on the farm is several times that of conventional rice planting.
Source: Information Office of Shanghai Chongming District People's Government
Image Attachments Links:
Link: http://asianetnews.net/view-attachment?attach-id=432159
Caption: Chongming Water Secret
Link: http://asianetnews.net/view-attachment?attach-id=432165
Caption: Chongming crab
Saturday, 22 October 2022
AM Best affirms credit ratings of Tokio Marine Pacific Insurance Ltd
KUALA LUMPUR, Oct 21 (Bernama) -- United States-headquartered AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of Guam’s Tokio Marine Pacific Insurance Ltd (TMPI).
With a stable outlook of these credit ratings, it reflects TMPI’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
According to a statement, the ratings also acknowledge the wide range of implicit and explicit support that TMPI receives from Tokio Marine & Nichido Fire Insurance Company, Ltd (TMNF), which is the main insurance operating entity of Tokio Marine Holdings Inc (TMH).
The global credit rating agency AM Best assesses TMPI’s risk-adjusted capitalisation at the strongest level, as measured by Best’s Capital Adequacy Ratio.
Although increased dividend payouts in recent years led to a slowdown in its capital growth, AM Best expects the company’s risk-adjusted capitalisation to remain comfortably at the strongest level over the medium term.
TMPI has a historical track record of generally positive and stable operating performance, although its underwriting margin remains thin due to its focus on the accident and health (A&H) segment and market competition.
The company reported favourable earnings in 2020 and 2021, driven by declined medical and auto claims amid the COVID-19 pandemic and various underwriting initiatives.
A wholly owned subsidiary of Tokio Marine North America and ultimately owned by TMH, one of Japan’s largest non-life insurance groups, TMPI has a strong presence in Guam’s non-life industry, underpinned by its dominant position in the A&H segment.
-- BERNAMA
Friday, 21 October 2022
NUVEI LAUNCHES INSTANT SETTLEMENT OPTIONS IN NEW GEOGRAPHIES
KUALA LUMPUR, Oct 21 (Bernama) -- Nuvei Corp, a Canadian financial technology company, announced that its merchant client base can now benefit from instant settlement globally and around the clock in Euro Coin (EUROC) and Tether (USDT) stablecoins.
In a statement today, it said that while merchants in many countries benefit from instant settlement through various payment schemes such as Instant Single Euro Payments Area (SEPA), Real-Time Payments (RTP) or Faster Payments, alternatives are not always available in all corners of the world.
It said that stablecoins -- backed by a fiat currency such as the euro or US dollar -- can be used as an alternative payment scheme.
Because they combine the benefits of open, borderless cryptocurrency with the price stability of traditional currencies, stablecoins provide new ways to support corporate finance and working capital management, Nuvei said.
The company already offers its merchants instant settlement in locations where Instant SEPA, RTP and Faster Payments are available in fiat currencies.
However, for those merchants trading on the blockchain or in regions where these options are not available, settlement in EUROC and USDT stablecoins provides a viable option.
“The addition of settlement through the EUROC and USDT stablecoins helps merchants build their next-generation payment treasury.
“Stablecoins can be transacted by utilising blockchain which makes global cash flow easier to manage,” said Nuvei president Yuval Ziv.
Nuvei’s modular, flexible and scalable technology allows leading companies to accept next-generation payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services.
-- BERNAMA
METRICSTREAM’S LATEST PRODUCT DELIVERS FASTER, EASIER, PERSONALISED GRC EXPERIENCE
KUALA LUMPUR, Oct 20 (Bernama) -- MetricStream, the global market leader in integrated risk management (IRM) and governance, risk, and compliance (GRC), announced its latest product release, focused on accelerating GRC programme performance.
According to a statement, this includes a faster, safer, easier, and more personalised Connected GRC experience.
The modernised, purpose-built low-code/no-code platform empowers customers to easily personalise and configure products to their unique needs.
GRC professionals are demanding flexible and scalable software systems that meet the unique needs of their rapidly evolving risk profiles.
The modern low code/no code platform allows individual customers to adapt the MetricStream platform, functions, and features to their unique business requirements.
New platform product release includes the technology advancements such as faster, safer, easier configurations; seamless integration with third-party systems; and, deliver GRC insights in minutes.
Administrators can access simple GRC domain-specific language which allows them to personalise and configure applications, create and change fields, reports, and templates, and meet rapidly changing business needs without complex programming.
MetricStream is headquartered in San Jose, California, with an operations and R&D centre in Bangalore, India, and sales and operations support around the globe.
-- BERNAMA
Thursday, 20 October 2022
BERKSHIRE HATHAWAY SPECIALTY INSURANCE NAMES PEDRO MAIROS GLOBAL UNDERWRITING OFFICER, MARINE
BOSTON & LONDON, Oct 18 (Bernama-BUSINESS WIRE)-- Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has appointed Pedro Mairos as Global Underwriting Officer, Marine. He was previously Head of Marine for the UK & Ireland at BHSI.
“Our large global footprint coupled with the substantial growth of our Marine business made now the optimal time to deepen the global leadership of our marine underwriting team worldwide,” said Dean LaPierre, Chief Underwriting Officer, Property & Marine, BHSI. “We are pleased to have such a deep bench of talent across both underwriting and claims to service our marine customers and brokers in local markets around the globe.”Pedro joined BHSI in 2019. He has more than two decades of experience in the global marine market, including Europe, Asia and the Middle East. He will continue to be based in London and can be reached at pedro.mairos@bhspecialty.com.
BHSI offers a full range of marine insurance products worldwide, including inland transit, motor truck cargo, warehouse legal liability, builder’s risk, contractor’s equipment, ocean cargo, stock throughputs, project cargo, and marine equipment, including subsea equipment.
MARY KAY ADVOCATES WOMEN EMPOWERMENT IN GENDER-RESPONSIVE PROCUREMENT
KUALA LUMPUR, Oct 20 (Bernama) -- Mary Kay Inc, a global champion for women’s empowerment and gender equality, has advocated the inclusion of women suppliers of services and products into the global value chain as a powerful strategy for companies to drive sustainable growth and social impact.
At the Diversity Summit held in Praque, Czech Republic, its global head of sustainability and social impact, Virginie Naigeon-Malek said investing in women-owned businesses and including them in the global supply chain is not only the right thing to do, it is also the smart thing to do for corporations.
Naigeon-Malek said that as women suppliers win more business, their families, local communities and national economies benefit.
“Studies show that women entrepreneurs tend to reinvest up to 90 per cent of their earnings in their families and communities, thus linking inclusive economic growth directly to development.
“Women businesses need to have an equal footing while competing for contract opportunities,” said Naigeon-Malek, who was one of the featured keynote speakers at the summit.
“At the summit, Mary Kay has shared with transparency its gender-responsive procurement (GRP) global journey,” it said in a statement.
Hosted by Startup Disrupt in September 2022, the summit was the largest European hybrid conference on diversity, equity, and inclusion (DEI), bringing together more than 50 keynote speakers from the non-profit, government and business sectors.
Speakers and thought leaders shared insights on key topics such as leveraging DEI ecosystem with business goals; developing and sustaining DEI company culture; inclusive design and innovation; and women’s empowerment.
-- BERNAMA
Wednesday, 19 October 2022
Security information and event management spending to exceed US$6.4 bln by 2027 -- Juniper Research
KUALA LUMPUR, Oct 17 (Bernama) -- Total business spending on security information and event management (SIEM) is expected to exceed US$6.4 billion globally by 2027, up from just over US$4.4 billion in 2022, according to a new Juniper Research study. (US$1=RM4.71)
It predicted that the 45 per cent growth will be driven by the transition from term licence, where businesses can use SIEM for specific licence lengths, to more flexible Software-as-a-Service (SaaS) models, where SIEM solutions are purchased via monthly subscription.
A SIEM system is a combination of security information management (SIM) and security event management (SEM), resulting in real-time automated analysis of security alerts generated by applications and network hardware, leading to improved corporate cybersecurity.
The research identified the world’s leading SIEM providers by evaluating their offerings and key factors leading to their respective success such as the breadth and depth of their platforms.
The top three vendors are IBM, Rapid7, and Splunk, according to a statement.
In addition, the research found that SaaS business models within SIEM are gaining traction, accounting for almost 73 per cent of global business spending on SIEM in 2027, from only 37 per cent in 2022.
This significant increase represents an opportunity for newer vendors to break into the market with appealing SaaS-based models. Nonetheless, SIEM vendors must be careful not to ignore larger enterprises, which still prefer term licences.
Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports, and industry commentary.
-- BERNAMA
ZEROFOX EXHIBITS AT GOVWARE CONFERENCE 2022 IN SINGAPORE FROM OCT 18 TO OCT 20
KUALA LUMPUR, Oct 18 (Bernama) -- ZeroFox, a leading external cybersecurity provider, is exhibiting at the GovWare Conference for three days, starting from October 18, at the Sands Expo and Convention Centre in Singapore.
In a statement today, it said ZeroFox representatives would be demonstrating the company’s recent product innovations in external cybersecurity at its booth.
It said the Asia Pacific region has seen a steady increase in cybersecurity incidents and vulnerabilities in the last several years.
“While this increase is partly due to the COVID-19 pandemic forcing organisations to hastily shift resources online without recommended security planning, it is clear that our digital world is here to stay.
“It is imperative that companies act now to protect from attacks originating outside the perimeter by taking command of that space with external cybersecurity and ZeroFox is here to help,” vice president of MEA/APAC Sales Gabe Goldhirsh said.
The conference is back in-person this year with the theme of “fostering a safe and sustainable cyberspace amidst disruption”.
More details can be found at www.zerofox.com.
-- BERNAMA
CSOP CSI BROKERAGE INDEX DAILY (2X) LEVERAGED PRODUCT (TICKER: 7252.HK) TO LIST ON HKEX
HONG KONG, Oct 19 (Bernama-BUSINESS WIRE) -- CSOP Asset Management Limited (“CSOP”) is happy to announce the listing of CSOP CSI Brokerage Index Daily (2x) Leveraged Product (ticker: 7252.HK) on Hong Kong Stock Exchange. 7252.HK aims to help investors capture the short-term investment opportunities of China brokerage sector of A Shares. Tracking CSI All Share Investment Banking & Brokerage Index (the “Index”), 7252.HK intends to adopt a swap-based synthetic replication strategy to achieve the investment objective, which is 2x performance of the index on a daily basis. With listing price at around HKD 7.8 per unit, trading lot of 100, CSOP CSI Brokerage Index Daily (2x) Leveraged Product will start to trade on 19 October, 2022. Upon listing, 7252.HK has received USD 5 million, HKD 39 million equivalent initial investment.
As the direct beneficiary of the bull market, China brokerage (“brokerage”) sector is highly correlated to China A Shares performance. In a bull market, brokerage sector will be boosted by the growth of its major business of brokerage, proprietary investment, security lending, asset management, IPO, etc. tending to deliver an amplified performance of the China A Shares. According to historical data, in previous major market recoveries, the brokerage sector was always the first to rebound as the bull market indicator and outperformed the Shanghai Composite Index and CSI300 by a large margin. In the 2014-2015 bull market, the CSI All Share Investment Banking & Brokerage Index accumulated a gain of over 250%, almost 2 times of Shanghai Composite Index and CSI300 index respectively1. The amplified performance and higher volatility of China A Shares brokerage sector in a bull market implies short-term trading opportunities for tactical investors. Worth noticing, as of 26 September, 2022, the price-to-book ratio (P/B) of the sector is only 1.16, while the valuation of some head brokerages is close to or even below 1x P/B, which is at the bottom of history2, potential market recovery implies investment opportunities.
Designed to reflect the overall performance of China A Shares brokerage sector, CSI All Share Investment Banking & Brokerage Index comprehensively covers up to 50 financial institutions whose primary business is investment banking and brokerage, including equities and fixed income underwriting, merger and acquisitions, security lending and advisory business. It is one of the most widely benchmarked thematic indices in China domestic market, which is extensively tracked by 26 funds with AUM totaled RMB 98.6 billion3.
As a renowned ETF manager in Hong Kong and Singapore, CSOP has already dedicated to providing ETFs/ETPs to global investors for 10 years with half of the top traded ETFs/ETPs in Hong Kong being from CSOP4. Moreover, as a dominant leader in HK leveraged and inverse products market with more than 98% and 94% market shares in terms of average daily turnover and asset under management respectively5, CSOP is well recognized and popular among investors as a reliable brand. “I believe that 7252.HK will be a good addition to our leveraged and inverse product spectrum, providing tactical investment opportunities to investors who look for amplified short term investment opportunities of China A Shares market,” Ms. Ding Chen, CEO of CSOP Asset Management comments.
About CSOP Asset Management Limited
CSOP Asset Management Limited (“CSOP”) was founded in 2008 as the first offshore asset manager set up by a regulated asset management company in China. With a dedicated focus on China investing, CSOP manages public and private funds, as well as providing investment advisory services to Asian and global investors. In addition, CSOP is best known as an ETF leader in Asia. As of 31 August 2022, CSOP has more than USD 12 billion in assets under management.
This material has not been reviewed by the Securities and Futures Commission.
Issuer: CSOP Asset Management Limited
Please refer to the offering documents for the index provider disclaimer.
IMPORTANT: Investment involves risks. Investment value may rise or fall. Past performance information presented is not indicative of future performance. Investors should refer to the Prospectus and the Product Key Facts Statement for further details, including product features and risk factors. Investors should not base on this website alone to make investment decisions.
CSOP CSI Brokerage Index Daily (2x) Leveraged Product (the “Product”) is a sub-fund of CSOP Leveraged and Inverse Series II, an umbrella unit trust established under Hong Kong law. Units of the Product (the “Units”) are traded in HKD on The Stock Exchange of Hong Kong Limited (the “SEHK”) like stocks. It is a swap-based product with an investment objective to provide Daily investment results, before fees and expenses, which closely correspond to twice (2x) the Daily performance of the Index.
Index Provider Disclaimer:
The CSI All Share Investment Banking & Brokerage Index (“Index”) is compiled and calculated by China Securities Index Co., Ltd. (“CSI”). All copyright in the Index values and constituent list vest in CSI. CSI will apply all necessary means to ensure the accuracy of the Index. However, CSI does not guarantee its instantaneity, completeness or accuracy, nor shall it be liable (whether in negligence or otherwise) to any person for any error in the Index or under any obligation to advise any person of any error therein.
______________________
1 Bloomberg
2 Wind, as of September 20, 2022.
3 China Securities Index
4 CSOP, as of September 2022
5 CSOP, as of September 2022
View source version on businesswire.com:
https://www.businesswire.com/news/home/20221018005645/en/
Contact
For further information, please contact
CSOP Asset Management Limited
Larry Wang / 3406 5613 / larry.wang@csopasset.com
Tina Shu / 3406 5675 / tina.shu@csopasset.com
Source : CSOP Asset Management Limited
As the direct beneficiary of the bull market, China brokerage (“brokerage”) sector is highly correlated to China A Shares performance. In a bull market, brokerage sector will be boosted by the growth of its major business of brokerage, proprietary investment, security lending, asset management, IPO, etc. tending to deliver an amplified performance of the China A Shares. According to historical data, in previous major market recoveries, the brokerage sector was always the first to rebound as the bull market indicator and outperformed the Shanghai Composite Index and CSI300 by a large margin. In the 2014-2015 bull market, the CSI All Share Investment Banking & Brokerage Index accumulated a gain of over 250%, almost 2 times of Shanghai Composite Index and CSI300 index respectively1. The amplified performance and higher volatility of China A Shares brokerage sector in a bull market implies short-term trading opportunities for tactical investors. Worth noticing, as of 26 September, 2022, the price-to-book ratio (P/B) of the sector is only 1.16, while the valuation of some head brokerages is close to or even below 1x P/B, which is at the bottom of history2, potential market recovery implies investment opportunities.
Designed to reflect the overall performance of China A Shares brokerage sector, CSI All Share Investment Banking & Brokerage Index comprehensively covers up to 50 financial institutions whose primary business is investment banking and brokerage, including equities and fixed income underwriting, merger and acquisitions, security lending and advisory business. It is one of the most widely benchmarked thematic indices in China domestic market, which is extensively tracked by 26 funds with AUM totaled RMB 98.6 billion3.
As a renowned ETF manager in Hong Kong and Singapore, CSOP has already dedicated to providing ETFs/ETPs to global investors for 10 years with half of the top traded ETFs/ETPs in Hong Kong being from CSOP4. Moreover, as a dominant leader in HK leveraged and inverse products market with more than 98% and 94% market shares in terms of average daily turnover and asset under management respectively5, CSOP is well recognized and popular among investors as a reliable brand. “I believe that 7252.HK will be a good addition to our leveraged and inverse product spectrum, providing tactical investment opportunities to investors who look for amplified short term investment opportunities of China A Shares market,” Ms. Ding Chen, CEO of CSOP Asset Management comments.
About CSOP Asset Management Limited
CSOP Asset Management Limited (“CSOP”) was founded in 2008 as the first offshore asset manager set up by a regulated asset management company in China. With a dedicated focus on China investing, CSOP manages public and private funds, as well as providing investment advisory services to Asian and global investors. In addition, CSOP is best known as an ETF leader in Asia. As of 31 August 2022, CSOP has more than USD 12 billion in assets under management.
This material has not been reviewed by the Securities and Futures Commission.
Issuer: CSOP Asset Management Limited
Please refer to the offering documents for the index provider disclaimer.
IMPORTANT: Investment involves risks. Investment value may rise or fall. Past performance information presented is not indicative of future performance. Investors should refer to the Prospectus and the Product Key Facts Statement for further details, including product features and risk factors. Investors should not base on this website alone to make investment decisions.
CSOP CSI Brokerage Index Daily (2x) Leveraged Product (the “Product”) is a sub-fund of CSOP Leveraged and Inverse Series II, an umbrella unit trust established under Hong Kong law. Units of the Product (the “Units”) are traded in HKD on The Stock Exchange of Hong Kong Limited (the “SEHK”) like stocks. It is a swap-based product with an investment objective to provide Daily investment results, before fees and expenses, which closely correspond to twice (2x) the Daily performance of the Index.
Index Provider Disclaimer:
The CSI All Share Investment Banking & Brokerage Index (“Index”) is compiled and calculated by China Securities Index Co., Ltd. (“CSI”). All copyright in the Index values and constituent list vest in CSI. CSI will apply all necessary means to ensure the accuracy of the Index. However, CSI does not guarantee its instantaneity, completeness or accuracy, nor shall it be liable (whether in negligence or otherwise) to any person for any error in the Index or under any obligation to advise any person of any error therein.
______________________
1 Bloomberg
2 Wind, as of September 20, 2022.
3 China Securities Index
4 CSOP, as of September 2022
5 CSOP, as of September 2022
View source version on businesswire.com:
https://www.businesswire.com/news/home/20221018005645/en/
Contact
For further information, please contact
CSOP Asset Management Limited
Larry Wang / 3406 5613 / larry.wang@csopasset.com
Tina Shu / 3406 5675 / tina.shu@csopasset.com
Source : CSOP Asset Management Limited
Subscribe to:
Posts (Atom)