Tag: Daily News

Asian Financial Forum (AFF) returns to explore collaborations

  • The 17th AFF will take place on 24 and 25 January, with active participation of over 3,000 financial experts and leaders from across the globe
  • Themed Multilateral Cooperation for a Shared Tomorrow, AFF aims to analyse the global economic outlook for the new year, and promote collaboration among countries and governments to achieve sustainability and seize emerging opportunities
  • The Forum will gather more than a hundred global business leaders as speakers, including representatives from Société Générale, Franklin Templeton, Gobi Partners, HOPU Investments, HSBC Asset Management, Bridgewater Associates, Prudential plc, and Standard Chartered
  • Plenary sessions will be expanded from one to two, along with two new discussion sessions on Stewarding China’s New Chapter and CIO Insights. The forum will focus on opportunities in Mainland China, ASEAN and the Middle East
  • The Dialogue with Bob Prince has been added to this year’s AFF on the second day. Mr Prince is Co-Chief Investment Officer of Bridgewater Associates, the world’s largest hedge fund

HONG KONG, Jan 11, 2024 – (ACN Newswire) – The 17th Asian Financial Forum 2024 (AFF), co-organised by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Trade Development Council (HKTDC), is set to take place on 24 and 25 January 2024 (Wednesday and Thursday) at the Hong Kong Convention and Exhibition Centre (HKCEC). This year’s AFF, themed Multilateral Cooperation for a Shared Tomorrow, will be the first significant financial and business event in the region this year, bringing together over a hundred speakers, influential figures in the financial industry, global policymakers and business leaders. Speakers will thoroughly analyse the global economic outlook, actively promote collaboration in accordance with the policies of national and HKSAR governments, explore sustainable economic development models and collectively identify the abundant opportunities for multilateral cooperation. The Forum is expected to draw over 3,000 elite professionals from financial and business sectors, to facilitate fruitful exchanges and strengthen ties among industry leaders.

Luanne Lim, Chairperson of the AFF 2024 Steering Committee and HSBC’s Chief Executive Officer, Hong Kong, said: “The year 2024 is expected to be characterised by a slowdown in inflation and potential rate cuts. The focus of markets will be on the timing and extent of policy easing, as well as elections in multiple countries and regions. In these complex times, the Asian Financial Forum serves as a valuable platform for exchanging diverse perspectives and supporting multilateral cooperation. The collective wisdom of experts speaking at the AFF will give the participants a deeper understanding, enabling them to make well-informed decisions in the year ahead.”

Dr Patrick Lau, Deputy Executive Director, HKTDC, said: “Amidst global uncertainties and geopolitical tensions, accompanied by various challenges, new market opportunities and partners are emerging. To build a sustainable and inclusive development model, close communication and cooperation among nations are crucial. With the theme Multilateral Cooperation for a Shared Tomorrow, this year’s AFF will explore economic policies and multilateral cooperation opportunities among governments and governments (G2G), governments and businesses (G2B) and businesses and businesses (B2B) from multiple angles. It will also address a range of timely market-related issues, further promoting sustainable development and showcasing the advantages of Hong Kong as an international financial centre.”

This year’s Forum will encompass diverse events, including over 40 thematic discussions, policy dialogue, keynote luncheons and breakfast panel, and workshops. These sessions will explore pressing topics such as the global economic outlook, opportunities in Mainland China, investment prospects, green finance, financial technology and interest-rate trends. Their objective is to provide participants with valuable insights into internationally relevant issues and global economic development trends. These events will boost Hong Kong’s ties with the international community, fostering greater connections and generating more business opportunities.

ASEAN, Middle East market opportunities take centre stage as thematic discussions expand

ASEAN and the Middle East, with their considerable economic potential, hold crucial position in driving global multilateral cooperation. This year’s Forum has garnered enthusiastic responses, and a surge in participation from ASEAN, the Middle East and other parts of the globe is expected. To facilitate broader discussions and embrace sustainable economic development, the Plenary Sessions have been expanded from one to two, enabling financial leaders from ASEAN, the Middle East and other regions to convene and deliberate on future fiscal policy trends. Topics of significant focus will include the opportunities in the mainland, ASEAN and the Middle East.

On the first day of the AFF (24 January), Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR, will preside over two Plenary Sessions. At the morning Plenary esteemed speakers including Ali bin Ahmad Alkuwari, Minister of Finance of Qatar; Julapun Amornvivat, Deputy Minister of Finance of Thailand; Mohamed Maait, Minister of Finance of Egypt; and Marko Primorac, Minister of Finance of Croatia, will share their countries’ respective outlooks on financial policies. At the afternoon Plenary, distinguished speakers including Muhammad Al Jasser, President of the Islamic Development Bank; Prof Hala Elsaid, Minister of Planning and Economic Development of Egypt; Alexandra Jour-Schroeder, Deputy Director-General of the Directorate-General for Financial Stability, Financial Services and Capital Markets Union at the European Commission; Suahasil Nazara Vice Minister of Finance, Indonesia and Dilma Rousseff, President of New Development Bank, will analyse the influence of multilateral cooperation on regional economic development, financial crises and sustainable economic growth.

On the same day Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, will host the Policy Dialogue where esteemed representatives from the Asian Development Bank, Central Bank of Mongolia,  Deutsche Bundesbank, Dubai Financial Services Authority, and International Monetary Fund will convene under the theme Towards International Economic and Financial Cooperation to exchange perspectives on global monetary policies.

Global leaders and Nobel laureates take the stage at keynote luncheon sessions

Another noteworthy aspect of the Forum will be two Keynote Luncheons featuring esteemed guests. Prof Jeffrey D Sachs, President of the UN Sustainable Development Solutions Network, and Prof Douglas W Diamond, Nobel Laureate in Economic Sciences in 2022 and Merton H Miller, Distinguished Service Professor of Finance at the University of Chicago’s Booth School of Business, have been invited to deliver insightful speeches. Prof Sachs will delve into the topic of sustainable development, while Prof Diamond will discuss the future trajectory of United States Federal Reserve interest rate moves and the risks associated with economic development.

Dialogue with Bob Prince added as a special session

An additional session, Dialogue with Bob Prince, has been added to this year’s AFF on the second day. Mr Prince, Co-Chief Investment Officer of Bridgewater Associates, the world’s largest hedge fund, will appear to share valuable investment insights and provide perspectives on the importance of multilateral cooperation.

Staying ahead of market trends with Stewarding China’s New Chapter and CIO Insights

In response to dynamic market opportunities and evolving industry trends, this year’s AFF will introduce Stewarding China’s New Chapter and CIO Insights, closely aligned with market conditions. The session Stewarding China’s New Chapter seeks to explore the mainland market potential and analyse collaborative prospects with other regions, underscoring the role and advantages of Hong Kong. CIO Insights will bring together chief investment officers from renowned international institutions to share unique perspectives on the investment landscape within the current macroeconomic environment. The HKTDC and Knowledge Partner PwC will also present the findings of a joint survey on the industry’s views and outlook on artificial intelligence. The results of this survey will be announced on the first day of the Forum.

The highly anticipated Global Economic Outlook, Global Spectrum, Dialogues for Tomorrow, and Fireside Chat sessions will return, covering topics such as asset and wealth management, insurance and risk management, multilateral capital market cooperation, food technology and supply chain security, financial technology, RMB internationalisation, financial technology, Web 3 and virtual assets, impact investing, and financial cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and Islamic finance. Prominent speakers include Lorenzo Bini Smaghi, Chairman of Société Générale; Fang Feng-lei, Founder and Chairman of HOPU Investments; Jenny Johnson, President and Chief Executive Officer of Franklin Templeton; Nicolas Moreau, Global Chief Executive Officer of HSBC Asset Management; Thomas Tsao, Co-Founder of Gobi Partners; Anil Wadhwani, Chief Executive Officer of Prudential plc etc.

AFF Deal-making and exhibition connect investors and start-ups, driving innovation

To facilitate more substantial cooperation, the HKTDC and Hong Kong Venture Capital and Private Equity Association (HKVCA) are co-organising the AFF Deal-making. This platform enables participants to engage in one-on-one meetings, connecting them with funds and investment projects from around the world. The event will focus on key industries such as financial technology, environment, energy and clean technology, medical technology, deep technology and consumer goods. This year’s AFF Deal-making is expected to attract about 200 investors and approximately 400 projects. Following the conclusion of the Forum, participants can utilize online matching services for virtual meetings until 30 January (Tuesday) to continue exploring key opportunities in different fields.

The Forum continues to feature exhibition zones including Fintech Showcase, Fintech HK Startup Salon, the InnoVenture Salon and Global Investment Zone to introduce cutting-edge applications of financial technology and showcase future unicorn innovation concepts. The exhibition zones are expected to bring together over 140 local and global exhibitors, international financial institutions, technology companies, start-ups, investment promotion agencies and sponsors, including Knowledge Partner PwC, HSBC, Bank of China, Standard Chartered Bank, UBS, China International Capital Corporation (CICC), Huatai International, Cyberport and more.

The Global Investment Zone includes participation from countries such as Canada, Dubai, Egypt, Finland, Kuwait, Luxembourg, Mainland China, Malaysia, Mauritius, Portugal and Spain. Investment promotion agencies from these countries will introduce local investment environments and potential projects on-site. The InnoVenture Salon is dedicated to supporting start-up development and provides a platform for more than 100 start-ups to connect with international investors and potential partners,  of which 60 fintech start-ups from Hong Kong, Australia, Austria, France, Japan, Korea, the Mainland, Singapore, Thailand, the United States and Vietnam under the FintechHK Startup Salon will showcase innovative concepts in areas such as AI, blockchain, insurtech, payment technology, regulatory technology, and wealthtech.

Exclusive offers for AFF participants

As the first major financial and business event in the region for the year, the AFF is committed to telling the good story of Hong Kong and promoting large-scale events or exhibitions. Organisers have arranged experiential activities for overseas participants, including one-time privileged access to the airport lounge, free admission to the Hong Kong Palace Museum, 1-hour night tour of Hong Kong aboard an open-top Big Bus or Hong Kong’s iconic Aqua Luna red-sail junk boat arranged by the Hong Kong Tourism Board. Furthermore, participation in the Standard Chartered Hong Kong Marathon 2024, dining discounts and guided tours by the Lan Kwai Fong Group, dining discounts at Harbour City and Times Square, and discounted passes for Hong Kong attractions through Klook will be available. These initiatives aim to provide overseas visitors with a firsthand experience of the vibrant colours, rich culture and dynamic lifestyle that Hong Kong has to offer.

Websites
Asian Financial Forum: https://www.asianfinancialforum.com/aff/
Programme: https://www.asianfinancialforum.com/conference/aff/en/programme
Speaker List: https://www.asianfinancialforum.com/conference/aff/en/speakers

Members of the media interested in interviewing speakers at the Asian Financial Forum can email awong@yuantung.com.hk or tleung@yuantung.com.hk by 16 January 2024.

  

Photos Download: https://bit.ly/3SnNqfD

Luanne Lim, Chairperson of the AFF Steering Committee and Chief Executive, Hong Kong, of HSBC (second from right); Patrick Lau, Deputy Executive Director of the HKTDC (second from left); Loretta Fong, Mainland China and Hong Kong Sustainability Deputy Leader, PwC Hong Kong (first from left); and Amy Lo, Chairman, Executive Committee, Private Wealth Management Association (first from right) held a press conference today to introduce the programme and speaker’s line-up for the 17th Asian Financial Forum.

Luanne Lim, Chairperson of the AFF Steering Committee and Chief Executive, Hong Kong, HSBC

Patrick Lau, Deputy Executive Director of the HKTDC

Loretta Fong, Mainland China and Hong Kong Sustainability Deputy Leader, PwC Hong Kong

Amy Lo, Chairman, Executive Committee, Private Wealth Management Association

 

Media enquires

Yuan Tung Financial Relations:
Anson Wong, Tel: (852) 3428 3413, Email: awong@yuantung.com.hk
Tiffany Leung, Tel: (852) 3428 2361, Email: tleung@yuantung.com.hk
Hing-fung Wong, Tel: (852) 3428 3122, Email: hfwong@yuantung.com.hk

HKTDC’s Communications & Public Affairs Department:
Katy Wong, Tel: (852) 2584 4524, Email: katy.ky.wong@hktdc.org
Snowy Chan, Tel: (852) 2584 4525, Email: snowy.sn.chan@hktdc.org

HKTDC Media Room: http://mediaroom.hktdc.com

About HKTDC

The 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 research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn



Copyright 2024 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HKTDC & UOB Research: 85% of GBA businesses prioritise ASEAN sales

HONG KONG, Jan 9, 2024 – (ACN Newswire) – About 85% of businesses in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) plan to maintain or grow their sales to the ASEAN bloc of countries in the next three years, according to a research report released by the Hong Kong Trade Development Council (HKTDC) and UOB today. The report – Navigating Connectivity: Exploring ASEAN Opportunities for the Greater Bay Area – also indicated that Malaysia, Singapore, Thailand and Vietnam were the top sales markets for expansion-minded GBA businesses, while Vietnam remained top choice for procurement and production outsourcing.

Overall, the report shed some light on why GBA businesses found ASEAN appealing. The sheer scale of the ASEAN market was singled out by 55.9% of research respondents as a key catalyst for their expansion plans. Scale was ahead of the 49.6% accorded to government incentives and investment policies and 32.8% which cited enhanced e-commerce access.

The HKTDC-UOB survey conducted in the third quarter of last year took the form of a questionnaire completed by 671 GBA enterprises, supplemented by in-depth interviews with a representative number of GBA businesses.

More GBA companies plan to expand into ASEAN markets

The survey found more than 70% of respondents planned to expand to ASEAN in the next three years, compared with 60% in a similar survey conducted in 2021. The number is even higher for those already established in ASEAN, with 96% of such businesses planning to maintain or expand operations in the next three years.

GBA companies across the four surveyed sectors – consumer goods; business, professional and financial services; real estate, hospitality and construction; and technology, media and telecommunications – all saw Malaysia, Singapore and Thailand as having the greatest potential to thrive in. In terms of industrial goods, GBA businesses considered Malaysia, Singapore and Vietnam their priority markets. Malaysia’s popularity across companies in the four sectors was considerably higher than in the 2021 survey.

Key challenges

GBA businesses regarded navigating local government policies and regulations (48.6%) as the key challenge to expanding their market share within ASEAN, followed by cultural or language barriers (38.7%) and difficulties in obtaining talent (26.4%). This differs notably from the 2021 survey, which identified inadequate infrastructure, difficulties in finding the right local partners and the increasing cost of doing business as the top three challenges.   

Mrs Christine Ip, CEO – Greater China, UOB, said: “UOB is dedicated to driving business connectivity between ASEAN and China. We see the a strong trend among GBA enterprises to spread their wings abroad and boost long-term growth. With our cross-border and customised financial solutions, foreign direct investment advisory services and a deep understanding of local markets, sector knowledge and partnership ecosystem, we help to reduce barriers of cross-border expansion, address supply chain risks and minimise financing costs for customers. Since the inception of the UOB Foreign Direct Investment Advisory unit in 2011, we have supported nearly 4,000 companies to successfully enter ASEAN markets. This success underscores the Bank’s commitment to doing right by our customers.”

Hong Kong’s connectivity with GBA and ASEAN

In another key finding, most GBA businesses had a particularly high regard for Hong Kong’s strong connectivity with both the GBA and ASEAN bloc – more than 70% of respondents accorded the city a score of seven or more out of 10. Hong Kong’s expertise in service provision was seen as essential for sustained success in the ASEAN market and also its most admired asset. Hong Kong scored highly for its expertise in legal compliance, cross-border infrastructure finance and logistics. This was seen as an endorsement of the quality of services the city provides and an indication of the massive contribution Hong Kong is set to make as the GBA continues to prosper.

Commenting on the findings, Mr Louis Chan, Deputy Director of HKTDC Research, said: “This survey confirms both the bold and outward-looking nature of the GBA’s overall development strategy, while highlighting the essential role Hong Kong can play in ensuring this initiative reaches its full potential. It shows beyond doubt that synergy between the GBA members assures them of a better future than they could have achieved alone.”

Mrs Ip added: “In tandem with the promotion of free trade agreements, technology empowerment and higher business plans, the findings show we stand at the crossroads of burgeoning investment opportunities between Greater China and ASEAN. Hong Kong has a unique position as a super connector and value-adder, driving financial innovation, facilitating cross-border trade and nurturing economic prosperity to shape a future where business connectivity in this dynamic region knows no boundaries.”

Regional integration, digitalisation and cost management essential for ASEAN success

Overall, 53.7% of GBA companies noted that geographic economic integration initiatives, particularly the Regional Comprehensive Economic Partnership (RCEP), were likely to boost their chances of success within ASEAN, followed by digitalisation (51.9%) and cost management, including moving production to lower-cost locations (40.8%).

Most respondents credited the effectiveness of RCEP at streamlining and accelerating trade between the region’s most dynamic economies – including Mainland China, Indonesia, Malaysia, Singapore, Thailand and Vietnam – as the main reason for its success.

Surveyed enterprises also believed digitalisation had been crucial for the maintenance of economic and supply chain resilience amid the unprecedented impact of the pandemic. They also viewed digitalisation as a key productivity driver, reducing operational costs and facilitating business and investment expansion in the region. In all, 23.2% of companies saw digitalisation as a priority for their business which was likely to boost their chances of successfully entering the ASEAN market.

Related materials

• HKTDC Research: https://research.hktdc.com/en

• The report in Chinese – Navigating Connectivity: Exploring ASEAN Opportunities for the Greater Bay Area can be downloaded from the websites of HKTDC and UOB Hong Kong.

Photos Download: https://bit.ly/48CTRkg

Christine Ip, CEO – Greater China, UOB (right) and Louis Chan, Deputy Director of HKTDC Research (left), release the Navigating Connectivity: Exploring ASEAN Opportunities for the Greater Bay Area research report

Louis Chan, Deputy Director of HKTDC Research

Christine Ip, CEO – Greater China, UOB

  

Media enquires
HKTDC’s Communications & Public Affairs Department:
Frankie Leung, Tel: (852) 2584 4298, Email: frankie.cy.leung@hktdc.org
Clayton Lauw, Tel: (852) 2584 4472, Email: clayton.y.lauw@hktdc.org

UOB Hong Kong:
Susanna Liu, Tel: (852) 2123 7537, Email: susanna.liuwy@uobgroup.com
Sarah Tsang, Tel: (852) 2123 7536, Email: sarah.tsangsw@uobgroup.com

Yuan Tung Financial Relations:
Agnes Yiu, Tel: (852) 3428 5690, Email: ayiu@yuantung.com.hk
Hing-fung Wong, Tel: (852) 3428 3122, Email: hfwong@yuantung.com.hk

About HKTDC

The 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 research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

About UOB

UOB is a leading bank in Asia. Operating through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, UOB has a global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.

For nearly nine decades, UOB has adopted a customer-centric approach to create long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within and connecting to ASEAN.

The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer’s unique needs and evolving preferences. UOB is also committed to helping businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of art, social development of children and education, doing right by its communities and stakeholders. 



Copyright 2024 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Australian real estate trailblazers secure 5 wins at 18th PropertyGuru Asia Property Awards Grand Final

BANGKOK, Dec 26, 2023 – (ACN Newswire) – PropertyGuru Group (NYSE: PGRU) announced the winners of the 18th Annual PropertyGuru Asia Property Awards Grand Final, presented by Kohler and supported by Dongpeng Ceramic and Subzero Wolf, at The Athenee Hotel, a Luxury Collection Hotel, Bangkok, last 8 December 2023.

Salvo was named Best Lifestyle Developer (Asia), one of five regional wins for developers from Australia. Regional winners from the country include projects by Capital Luxury Residences; Monaco Property Group; R.Corporation; and Third.i Group. While Guocoland from Singapore won Best Developer (Asia).
The winners of the 18th Annual PropertyGuru Asia Property Awards Grand Final 2023, presented by Kohler and supported by Dongpeng Ceramic and Subzero Wolf.

Winners from 13 vibrant property markets across Asia competed for the highest marks of excellence in real estate development, construction, architecture, and design at the finale of the 2023 PropertyGuru Asia Property Awards series. More than 50 golden statuettes, accolading the finest developers and projects in the region, were presented at the black-tie gala dinner and presentation ceremony.

GuocoLand won the biggest award of the year, Best Developer (Asia), for the third time in the history of the Awards. It marks one of five regional wins for developers from Singapore, with Frasers Property Singapore winning the Best Mixed Use Developer (Asia) award and UOL Group Limited and Pan Pacific Hotels Group winning the Best Hospitality Developer (Asia) award. UOL Group Limited also won the Best Sustainable Developer (Asia) award while EL Development Pte Ltd won the Best Hospitality Interior Design (Asia) award.

Developers from Indonesia gained eight regional wins, the most of any country. PT Sinar Mitbana Mas garnered the Best Breakthrough Developer (Asia) title, with parent company Sinar Mas Land and subsidiary PT. BSD Diamond Development also receiving regional wins. Various projects by Agung Sedayu Group & Salim Group; Summarecon Agung; and Summarecon Serpong collected regional wins.

The Philippines was represented with seven regional wins, with Aboitiz InfraCapital Economic Estates winning both the Best Industrial Developer (Asia) and Best Industrial Development (Asia) awards. RLC Residences; Robinsons Hotels and Resorts; North Bonifacio Landmark Realty and Development Inc.; Shang Robinsons Properties, Inc.; and Sunshine Fort North Bonifacio Realty Development Corporation received golden statuettes for a wide range of projects.

Developers from Vietnam received six regional wins, led by SonKim Land Corporation, which won both the Best Luxury Developer (Asia) and Best Boutique Mixed Use Development (Asia) awards. Regional winners include ParkCity Group, which won the Best Completed Condo Development (Asia) award.

Andaman Asset Solution won the Best Boutique Developer (Asia) award in one of six regional wins for developers from Thailand. KingBridge Tower by KingBridge Tower Company Limited (Saha Pathana Inter-Holding Public Company Limited) alone earned three regional wins for the kingdom while Rawayana by Phuket9 scored two regional wins.

Salvo was named Best Lifestyle Developer (Asia), one of five regional wins for developers from Australia. Regional winners from the country include projects by Capital Luxury Residences; Monaco Property Group; R.Corporation; and Third.i Group.

Malaysia and Cambodia each gained four regional wins. Perbadanan Kemajuan Negeri Selangor (PKNS) was hailed Best Affordable Homes Developer (Asia), with projects by Eastern & Oriental Berhad; Eupe Corporation Berhad; and Sime Darby Property also representing Malaysia with regional titles. Projects by OCIC Group and RM Commercial Co., Ltd. each clinched a regional win for Cambodia as Sir Stamford Raffles (Cambodia) Co., Ltd. gained two regional wins for the project Marum Estate.

Hanacreek by Apex Property and Aki Niseko by Takuetsu Co., Ltd. represented Greater Niseko as regional winners from the renowned Japanese skiing destination.

The Fullerton Ocean Park Hotel Hong Kong by Sino Land Company Limited and M8 by China Construction Engineering (Macau) Company Limited garnered two regional wins for Hong Kong and Macau. New Bund 31 by Shun Tak Qiantan (Shanghai) Cultural and Real Estate Company Limited was named Best Mixed Use Development (Asia), a regional win for Mainland China.

The Grand Final drew one of the most iconic personalities in the Hong Kong real estate industry. Dr. Allan Zeman, founder and chairman of Lan Kwai Fong Group, came to accept the Icon Award from the editorial team of Property Report by PropertyGuru, the official magazine. 

Dr. Zeman, who won the Real Estate Personality of the Year title in 2015, said: “It is an honour to be awarded the 2023 Icon Award. Lan Kwai Fong has become a great brand in HK and throughout the world. This is very important to us and to our partner.”

Hari V. Krishnan, CEO and managing director of PropertyGuru Group, said: “The culmination of this year’s PropertyGuru Asia Property Awards series is a fitting celebration of the changemakers who are contributing to shaping tomorrow’s cities. From lively capitals to sprawling metropolises and well-planned townships, the future of cities in Asia is in the capable hands of these fine developers, lighting the way for a more sustainable, equitable, and innovative industry in their respective countries. To all the winners – we celebrate your success and look forward to what you create next.”

Jules Kay, GM of PropertyGuru Asia Property Awards and Events, said: “Recognising and awarding excellence in 2023 led us on an insightful journey through the diverse property markets of Asia. Celebrating real estate from the cities of tomorrow, we rediscovered a shared aspiration for quality among developers, buyers, and builders, and a growing commitment to sustainability among residential, commercial, and industrial developers. The finest places to live and work in Asia have become shining examples of quality, clearly showing that this region remains focused on raising development standards, redefining design, and revitalising economies. Congratulations to all the Best in Asia winners as you continue to drive positive change and innovation.”

The regional winners were chosen by an independent jury, composed of the head judges of participating markets in the Awards: Thien Duong, chairperson of the Grand Final and general director, Group GSA (Vietnam); Ajai A Kapoor, CEO, 360 degrees – Real Estate Services (India); Cyndy Tan Jarabata, president of TAJARA Leisure & Hospitality Group Inc. (Philippines); Eddie Guillemette, CEO, Midori no Ki (Greater Niseko); Datuk Ar. Ezumi Harzani Ismail, president, Malaysian Institute of Architects: 2020-2022 (Malaysia); Ken Ip, assistant general manager and group head of marketing, B.S.C. Group (Mainland China); Kristin Thorsteins, head of partnership growth for APAC at IWG PLC (Singapore); Lui Violanti, regional manager for Western Australia, Inhabit Group (Australia); Paul Tse, president, board of directors, Macao Association of Building Contractors and Developers (Hong Kong and Macau); Sorn Seap, executive vice president, Cambodian Valuers and Estate Agents Association (Cambodia); Suphin Mechuchep, CEO, Sen X Group PCL (Thailand); and Vivin Harsanto, senior director and head of advisory, JLL Indonesia (Indonesia).

HLB, the leading international accounting and advisory firm, ensured that the selection process was fair and transparent, under the supervision of Paul Ashburn of HLB International Real Estate Group.

Organised by PropertyGuru Group, the 18th PropertyGuru Asia Property Awards Grand Final is supported by platinum sponsor Kohler; silver sponsors Dongpeng Ceramic and Subzero Wolf; official portal partner PropertyGuru; official magazine Property Report by PropertyGuru; official publicity partner Artemis Associates; media partners Bridges, d+a Magazine, Housing.com, Manila Bulletin, Powderlife, and The Manila Times; official beverage partner Fah Mai Holdings; supporting partners REHDA Institute and IFC-EDGE; and official supervisor HLB.

For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.

COMPLETE LIST OF WINNERS

18th PropertyGuru Asia Property Awards (Grand Final)

DEVELOPER AWARDS

Best Developer (Asia)
GuocoLand – Singapore (REGIONAL WINNER)
Apex Property – Greater Niseko
New World China – Mainland China
OCIC Group – Cambodia
Robinsons Land – Philippines
Sinar Mas Land – Indonesia
Sino Land Company Limited – China – Hong Kong and Macau

Best Luxury Developer (Asia)
SonKim Land Corporation – Vietnam (REGIONAL WINNER

Best Industrial Developer (Asia)
Aboitiz InfraCapital Economic Estates – Philippines (REGIONAL WINNER)          

Best Mixed Use Developer (Asia)
Frasers Property Singapore – Singapore (REGIONAL WINNER)
Federal Land, Inc. – Philippines
MontAzure – Thailand

Best Lifestyle Developer (Asia)
Salvo – Australia (REGIONAL WINNER)
Habitat Group Co., Ltd. – Thailand
Hoi Hup Realty Pte Ltd – Singapore
PT. BSD Diamond Development – Indonesia               

RLC Residences – Philippines

Best Commercial Developer (Asia)
Keppel Vietnam – Vietnam (REGIONAL WINNER)
Paramount Land – Indonesia
TE Capital Partners and LaSalle Investment Management – Singapore

Best Hospitality Developer (Asia)
UOL Group Limited and Pan Pacific Hotels Group – Singapore (REGIONAL WINNER)
Agung Sedayu Group – Indonesia

Best Sustainable Developer (Asia)
UOL Group Limited – Singapore (REGIONAL WINNER)

Best Boutique Developer (Asia)
Andaman Asset Solution – Thailand (REGIONAL WINNER)
CSI Properties Limited – China – Hong Kong & Macau
Skyland Group – Australia                      

Best Affordable Homes Developer (Asia)
Perbadanan Kemajuan Negeri Selangor (PKNS) – Malaysia (REGIONAL WINNER)

Best Breakthrough Developer (Asia)
PT Sinar Mitbana Mas – Indonesia (REGIONAL WINNER)
Da Vinci Land – Singapore

DEVELOPMENT AWARDS

Best Mega Township Development (Asia)
BSD City by Sinar Mas Land – Indonesia (REGIONAL WINNER)

Best Waterfront Township Development (Asia)
Golf Island PIK (Kawasan Pantai Maju) & Riverwalk Island PIK (Kawasan Pantai Kita) by Agung Sedayu Group & Salim Group – Indonesia (REGIONAL WINNER)

Best Township Development (Asia)
Summarecon Bekasi by Summarecon Agung – Indonesia (REGIONAL WINNER)

Best Mixed Use Development (Asia)
New Bund 31 by Shun Tak Qiantan (Shanghai) Cultural and Real Estate Company Limited – Mainland China (REGIONAL WINNER)
Ginza Beachwalk PIK2 by Agung Sedayu Group – Indonesia
LIMA Central Business District by Aboitiz InfraCapital Economic Estates – Philippines
Marum Estate by Sir Stamford Raffles (Cambodia) Co., Ltd. – Cambodia
One Bernam by HY-MCC (Bernam) Pte Ltd – Singapore           

Best Boutique Mixed Use Development (Asia)
The OpusK – Luxury Boutique Office by SonKim Land Corporation – Vietnam (REGIONAL WINNER)
Rawayana by Phuket9 – Thailand

Best Residential Development (Asia)
Marum Estate by Sir Stamford Raffles (Cambodia) Co., Ltd. – Cambodia (REGIONAL WINNER)

Best High Rise Condo Development (Asia)
Aurelia Residences by Shang Robinsons Properties, Inc. – Philippines (REGIONAL WINNER)
Diamond Bay Garden by OCIC Group – Cambodia
Est8 @ Seputeh by Eupe Corporation Berhad – Malaysia
JARDINI by CITIC Pacific Ltd – China – Hong Kong and Macau
Riviere by Frasers Property Quayside Pte Ltd – Singapore
The OpusK Residence by SonKim Land Corporation – Vietnam
Wyndham Grand Residences Wongamat Pattaya by Habitat Group Co., Ltd. – Thailand
Zhuhai Huafa Sky Hill Mansion by Zhuhai Huafa Properties Co., Ltd. – Mainland China

Best Low Rise Condo Development (Asia)
Rainbow Springs Condovillas by Summarecon Serpong – Indonesia (REGIONAL WINNER)

Best Boutique Condo Development (Asia)
Kurraba Residences by Third.i Group – Australia (REGIONAL WINNER)
Niseko Kyo by Rooftop RE (Japan) Pte Ltd – Greater Niseko

Best Luxury Housing / Landed Development (Asia)
Capri by Monaco Property Group – Australia (REGIONAL WINNER)
Layton at NavaPark by PT. Bumi Parama Wisesa, Hongkong Land & Sinar Mas Land Joint Venture – Indonesia
Park Heritage Pattanakarn by Sammakorn Plus Company Limited – Thailand

Best Housing / Landed Development (Asia)
Ilham Residence by Sime Darby Property – Malaysia (REGIONAL WINNER)
Hanaridge by Apex Property – Greater Niseko
Pollen Collection by Bukit Sembawang Estates Limited – Singapore                                              

Best Waterfront Condo Development (Asia)
Diamond Bay Garden by OCIC Group – Cambodia (REGIONAL WINNER)
Riviere by Frasers Property Quayside Pte Ltd – Singapore

Best Waterfront Residence (Asia)
Amorel by Capital Luxury Residences – Australia (REGIONAL WINNER)

Best Connectivity Condo Development (Asia)
Green Tower Di An Binh Duong by TBS Land – Vietnam (REGIONAL WINNER)
Glam Residences by SM Development Corporation (SMDC) – Philippines

Best Completed Condo Development (Asia)
Park Kiara, ParkCity Hanoi by ParkCity Group – Vietnam (REGIONAL WINNER)
Seaside Residences by East Vue Pte Ltd – Singapore

Best Wellness Residential Development (Asia)
The Zora by PT. BSD Diamond Development – Indonesia (REGIONAL WINNER)
Bloom Residences by SM Development Corporation (SMDC) – Philippines                                                                

Best Smart Building Development (Asia)
Knowledge Hub by Sinar Mas Land – Indonesia (REGIONAL WINNER)

Best Smart Home Development (Asia)
Woodsville Crest by RLC Residences  – Philippines (REGIONAL WINNER)

Best Green Development (Asia)
Central Market PIK by Agung Sedayu Group and Salim Group, curated by Amantara – Indonesia (REGIONAL WINNER)
LIMA Estate by Aboitiz InfraCapital Economic Estates – Philippines
The Fullerton Ocean Park Hotel Hong Kong by Sino Land Company Limited – China – Hong Kong and Macau               

The LakeGarden Residences by Wing Tai Asia – Singapore

Best Industrial Development (Asia)
West Cebu Estate by Aboitiz InfraCapital Economic Estates – Philippines (REGIONAL WINNER)
Bandar Bukit Raja by Sime Darby Property – Malaysia
CT FoodNEX by Chiu Teng Group – Singapore            

Best Hospitality Development (Asia)
The Fullerton Ocean Park Hotel Hong Kong by Sino Land Company Limited – China – Hong Kong and Macau (REGIONAL WINNER)
Fili Hotel Cebu by Robinsons Hotels and Resorts – Philippines
Pullman Singapore Hill Street by EL Development Pte Ltd – Singapore

Best Office Development (Asia)
KingBridge Tower by KingBridge Tower Company Limited (Saha Pathana Inter-Holding Public Company Limited) – Thailand (REGIONAL WINNER)
AIA East Gateway by AIA Company Limited. – Thailand
Embassy Hub Phase 1 by Embassy REIT – India
GBF Centers 1 & 2 by Robinsons Offices – Philippines                                                                

Best Retail Development (Asia)
M8 by China Construction Engineering (Macau) Company Limited – China – Hong Kong and Macau (REGIONAL WINNER)
Mean Chey Avenue by RM Commercial Co., Ltd. – Cambodia
Mitsukoshi BGC by Sunshine Fort North Bonifacio Realty Development Corporation – Philippines
MixC Nanjing by Lead8 – Mainland China
The EmSphere Shopping Complex by The EM District Co., Ltd. – Thailand

Best Branded Residential Development (Asia)
Grand Hyatt Manila Residences South Tower by North Bonifacio Landmark Realty and Development Inc. – Philippines (REGIONAL WINNER)

DESIGN AWARDS

Best Township Masterplan Design (Asia)
Andaman by Eastern & Oriental Berhad – Malaysia (REGIONAL WINNER)

Best Mixed Use Architectural Design (Asia)
Rawayana by Phuket9 – Thailand (REGIONAL WINNER)
ITC Shanghai by Lead8 – Mainland China
The OpusK – Luxury Boutique Office by SonKim Land Corporation – Vietnam
Zia Niseko by Iconic Group – Greater Niseko

Best Condo Architectural Design (Asia)
R.Iconic by R.Corporation – Australia (REGIONAL WINNER)
Aura Niseko by Iconic Group – Greater Niseko
Grand Dunman by Grand Dunman Pte. Ltd. – Singapore
JARDINI by CITIC Pacific Ltd – China – Hong Kong and Macau
Lentor Modern by GuocoLand – Singapore
The Arles by Centralcon Properties Company Limited – China – Hong Kong and Macau
The Continuum by Hoi Hup Sunway Katong Pte Ltd – Singapore
The Grand Midori Ortigas by Federal Land, Inc. – Philippines
Watten House by UOL Group Limited and Singapore Land Group Limited – Singapore
Wyndham Grand Residences Wongamat Pattaya by Habitat Group Co., Ltd. – Thailand

Best Housing / Landed Architectural Design (Asia)                   
Hanacreek by Apex Property – Greater Niseko (REGIONAL WINNER)
D’ Art Hills Residence by PH World – Malaysia
Highland Park Pool Villas Pattaya by Habitat Group Co., Ltd. – Thailand
La Felice Villa Hua Hin by PNP Real Estate Co., Ltd. – Thailand
Marum Estate by Sir Stamford Raffles (Cambodia) Co., Ltd. – Cambodia
Park Heritage Pattanakarn by Sammakorn Plus Company Limited – Thailand
The Prospect Villa by Grand Paradise Villa – Thailand

Best Hospitality Architectural Design (Asia)
Fili Hotel Cebu by Robinsons Hotels and Resorts – Philippines (REGIONAL WINNER)
Pullman Singapore Hill Street by EL Development Pte Ltd – Singapore

Best Office Architectural Design (Asia)
KingBridge Tower by KingBridge Tower Company Limited (Saha Pathana Inter-Holding Public Company Limited) – Thailand (REGIONAL WINNER)
Embassy Manyata Block D1 & D2 by Embassy REIT – India
FourE-Com Center by Arquitectonica – Philippines
K11 Atelier 11 SKIES by Lead8 – China – Hong Kong & Macau
Solitaire on Cecil by Solitaire Cecil Pte Ltd (TE Capital Partners and LaSalle Investment Management) – Singapore

Best Retail Architectural Design (Asia)                  
Mean Chey Avenue by RM Commercial Co., Ltd. – Cambodia (REGIONAL WINNER)
MixC Nanjing by Lead8 – Mainland China

Best Condo Interior Design (Asia)
Est8 @ Seputeh by Eupe Corporation Berhad – Malaysia (REGIONAL WINNER)
350-352 Nathan Road by CSI Properties Limited – China – Hong Kong and Macau
Blossoms By The Park by EL Development Pte Ltd – Singapore
Glam Residences by SM Development Corporation (SMDC) – Philippines
JARDINI by CITIC Pacific Ltd – China – Hong Kong and Macau
Klimt Cairnhill by Low Keng Huat (S) Limited – Singapore
Terra Hill by Hoi Hup Sunway Kent Ridge Pte Ltd – Singapore
Wyndham Grand Residences Wongamat Pattaya by Habitat Group Co., Ltd. – Thailand

Best Housing / Landed Interior Design (Asia)                
Aki Niseko by Takuetsu Co., Ltd. – Greater Niseko (REGIONAL WINNER)
Jasmia Residence @Summarecon Crown Gading by Summarecon Agung – Indonesia
La Felice Villa Hua Hin by PNP Real Estate Co., Ltd. – Thailand

Best Hospitality Interior Design (Asia)                        
Pullman Singapore Hill Street by EL Development Pte Ltd – Singapore (REGIONAL WINNER)
Fili Hotel Cebu by Robinsons Hotels and Resorts – Philippines

Best Office Interior Design (Asia)
KingBridge Tower by KingBridge Tower Company Limited (Saha Pathana Inter-Holding Public Company Limited) – Thailand (REGIONAL WINNER)
K11 Atelier 11 SKIES by Lead8 – China – Hong Kong & Macau

Best Retail Interior Design (Asia)
Mitsukoshi BGC by Sunshine Fort North Bonifacio Realty Development Corporation – Philippines (REGIONAL WINNER)
Shanghai Aerospace Science & Technology City by Design Power House (DPH) – Mainland China
Ultimo Niseko by Blue Waves Group – Greater Niseko

Best Condo Landscape Design (Asia)
Elysian by Gamuda Land – Vietnam (REGIONAL WINNER)
Blossoms By The Park by EL Development Pte Ltd – Singapore
Grand Dunman by Grand Dunman Pte. Ltd. – Singapore
Park Kiara, ParkCity Hanoi by ParkCity Group – Vietnam
Pinetree Hill by UOL Group Limited and Singapore Land Group Limited – Singapore
Watten House by UOL Group Limited and Singapore Land Group Limited – Singapore
Wyndham Grand Residences Wongamat Pattaya by Habitat Group Co., Ltd. – Thailand

Best Housing / Landed Landscape Design (Asia)
Marum Estate by Sir Stamford Raffles (Cambodia) Co., Ltd. – Cambodia (REGIONAL WINNER)
Barnyard Khaoyai by Sammakorn-JV1 Company Limited – Thailand
Pavara Khiri Collection by Pavara Development Co., Ltd. – Thailand                                              

Best Commercial Landscape Design (Asia)               
Rawayana by Phuket9 – Thailand (REGIONAL WINNER)

PUBLISHER’S CHOICE

Icon Award                      
Dr. Allan Zeman, Founder and Chairman, Lan Kwai Fong Group (WINNER)           

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS:

PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent. 

In 2023, the Awards series is open to more than a dozen key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2023. 

For more information, please visit AsiaPropertyAwards.com

ABOUT PROPERTYGURU GROUP:

PropertyGuru is Southeast Asia’s leading(1) PropTech company, and the preferred destination for over 37 million property seekers(2) to connect with almost 59,000 agents monthly(3) to find their dream home. PropertyGuru empowers property seekers with more than 2.9 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam. 

PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 15 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru. For Business including DataSense, ValueNet, Awards, events and publications across Asia. 

For more information, please visit: PropertyGuruGroup.com;PropertyGuru Group on LinkedIn.

Footnotes & Citation:

(1) Based on SimilarWeb data between April 2023 and September 2023.
(2) Based on Google Analytics data between April 2023 and September 2023.
(3) Based on data between July 2023 and September 2023.
(4) Based on data between April 2023 and September 2023.

Group: Key Statistics as of November 2023
* Property seekers: 37 million
* No. of agents: 59,000
* Real estate listings: 2.9 million

Strong Category Leadership Drives Long-Term Growth Opportunities
As of September 30, 2023, PropertyGuru continued its Engagement Market Share* 
* Singapore: 83% – 6.2x the closest peer
* Malaysia: 92% – 12.8x the closest peer
* Vietnam: 80% – 4.0x the closest peer
* Thailand: 51% – 1.7x the closest peer

*Based on SimilarWeb data between April 2023 and September 2023.

NOTE: Use of the PropertyGuru Asia Property Awards logo is limited to the publication of this article only.

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com   

Media & Partnerships:
Nate Dacua, Media Relations & Marketing Services Manager
M: +66 92 701 2510
E: nate@propertyguru.com

Sponsorships:
Kanittha Srithongsuk, Regional Manager, Awards Sponsorship
M: +66 93 293 9794
E: kanittha@propertyguru.com

Sales & Nominations:
Udomluk Suwan, Sales Director
M: +66 87 699 4433
E: may@propertyguru.com 



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Hong Kong: An ideal listing destination for Middle East companies

HONG KONG, Dec 20, 2023 – (ACN Newswire) – Hong Kong is an ideal listing destination for Middle East businesses, according to a new joint report by the Hong Kong Trade Development Council (HKTDC) and CCB International Capital Limited (CCB International). The report, which is released today, shows that many companies in the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA) see the city as their first choice when it comes to securing funding, building stronger ties with Asia (particularly China), and, ultimately, enjoying greater global recognition.^

In order to explore the potential for UAE and KSA companies to secure listings in Hong Kong, the HKTDC and CCB International renewed their collaboration [1] to deliver the new report – Hong Kong: An Ideal Overseas Listing Venue for Middle East Companies. This led them to share a series of insights from in-depth interviews with UAE and KSA industry experts and practitioners as to Hong Kong‘s suitability as a listing destination for Middle East companies. The research, which was conducted from June to October this year, concluded that several Middle East business sectors in particular – Energy and Renewable Energy, Healthcare and High-tech, Infrastructure, and Finance – had the most to benefit from a Hong Kong listing.

Commenting on the significance of the findings, Irina Fan, Director of HKTDC Research, said: “For those Middle East companies looking to expand in the region, access to Hong Kong’s diverse pool of international institutional investors will clearly be of huge benefit. This is especially the case as many such investors have an in-depth understanding of both the pan-Asia and China-specific opportunities now emerging.” She adds, “Another plus point is the impressive breadth and depth of the Hong Kong stock market. The high level of trading activity that underpins this is a clear indication of just how robust the city’s capital market has proven over the long-term.”

Michelle Pan, Head of Corporate Finance & Capital Market Services at CCB International, said: “Following the visits of President Xi and HKSAR Chief Executive John Lee to the Middle East over the past two years, the Hong Kong capital market has begun exploring opportunities for collaboration between Middle East companies and the Hong Kong financial markets. In this context, this all-rounded research paper has been developed to explain why Hong Kong, with its unique attributes, is an ideal listing and fund raising destination for Middle East enterprises. The paper provides a comprehensive analysis of the benefits of listing in Hong Kong, including access to a deep pool of capital, a world-class regulatory framework, a vibrant and dynamic business environment, and a gateway to the vast Chinese market.”

Middle East: Looking at opportunities in new markets

Middle East stock exchanges have witnessed record-breaking initial public offerings (IPOs) in recent years, with bourses in KSA and UAE all ranking among the world’s top 10 in 2022 in terms of IPO funds raised. The opportunities stemming from overseas listings, primary, dual-primary and secondary included, however, have yet to be fully exploited.

At present, many UAE and KSA companies are actively looking at opportunities in new markets and seeking funding via equity markets as they look to deliver on their global expansion plans, many of which align with the region’s commitment to economic diversification as it looks to move on from its traditional dependence on its oil and gas resources. A clear synergy, however, has become apparent between the region and fast-growing Asia, something seen as offering tremendous opportunities for many UAE and KSA businesses as they look to make good on their economic diversification aspirations.

For many UAE and KSA companies, pursuing an overseas listing is not only a way of financing their overseas expansion projects, but also an effective marketing channel as they look to enhance their global recognition and improve their visibility and credibility among clients, institutions and the investing public in a number of target markets.

Hong Kong advantages: location, rule of law, impressive market breadth and depth, global investor base

During the course of the research, interviews with a number of experts highlighted the unique benefits on offer to Middle East companies that look to list in Hong Kong, one of the world’s most highly regarded financial centres. Strategically located at the gateway to many of Asia’s major markets – most notably mainland China and the ASEAN bloc – Hong Kong has considerable appeal for UAE and KSA companies. Most notably, a Hong Kong listing will ensure such businesses can fully leverage the advantages of the city’s strategic location, while gaining access to its well-established networks and stable business environment and benefitting from its rule of law and its abundant talent pool, which is widely seen as capable of delivering the highest quality of professional service. The city’s unique advantages also extend to the absence of capital controls and a transparent, resilient Linked Exchange Rate System.

Hong Kong’s robust legal framework – something that Middle East companies value particularly highly – is a significant advantage and an essential part of its appeal as a listing destination. As the only common law jurisdiction within China, Hong Kong and its legal system has a proven track record of upholding the rule of law and of maintaining judicial transparency. This framework has long functioned as a guarantee of the fundamental rights of any global enterprise or investor looking to raise or allocate funds as part of a Hong Kong-based listing initiative.

In addition, Hong Kong’s stock market has long been renowned for its maturity, vibrancy and global connectivity, while its sizeable market capitalisation consistently sees it rank among the top 10 largest stock markets on a global basis. As to its diverse investor pool, according to the Securities and Futures Commission, overseas and Mainland China investors accounted for 64% of the asset and wealth management businesses in Hong Kong in 2022, with the majority of overseas investors coming from North America (23%), Australia, New Zealand and elsewhere in the Asia Pacific region (14%), all of which instilled substantial liquidity in the local equity market.

As to how Hong Kong can optimise its role as a premium listing hub for Middle East companies, the research emphasised the importance of strengthening and sustaining its connectivity with many Middle East countries, especially at the government and regulatory level.

Overall, building closer G2G relationships with many Middle East economies was seen as of paramount importance, with the countries’ respective governments seen as playing a significant role in steering the relevant business sectors. It was also recommended that a higher level of market promotion and investment education be undertaken with regard to many Middle East prospects as a means of nurturing and directing their interest in Hong Kong’s financial services resources.

^ The first research report focuses on the overall overseas listing regime of Hong Kong as well as Hong Kong as a listing destination for UAE companies, while the subsequent report on KSA companies listing in Hong Kong will be released in the first quarter of 2024.

[1] HKTDC and CCB International released a research report on “Hong Kong: The Most Popular Overseas Listing Venue for ASEAN Companies” on 27 May 2022.

  

Photo download: https://bit.ly/41r9Q2a

“Hong Kong’s substantial investor pool has unrivalled understanding of both the pan-Asia and China-specific opportunities now emerging, guaranteeing a level of insight that will be invaluable to any ambitious Middle East business.” Irina Fan, Director of HKTDC Research

“Listing in Hong Kong provides Middle East companies with a range of benefits, including access to a deep pool of capital, a world-class regulatory framework, a vibrant and dynamic business environment, and a gateway to the vast Chinese market. This makes Hong Kong an ideal destination for Middle East enterprises seeking to expand their global reach and access new opportunities.” Michelle Pan, Head of Corporate Finance & Capital Market Services, CCB International

Hong Kong is an ideal overseas listing destination for Middle East companies, according to a research report by the Hong Kong Trade Development Council (HKTDC) in collaboration with CCB International

References
HKTDC Research Portal: https://research.hktdc.com/en
“Hong Kong: An Ideal Overseas Listing Venue for Middle East Companies”: https://bit.ly/3RJWo6c

Media Enquiries
HKTDC’s Communications & Public Affairs Department:
Frankie Leung, Tel: (852) 2584 4298, Email: frankie.cy.leung@hktdc.org
Clayton Lauw, Tel: (852) 2584 4472, Email: clayton.y.lauw@hktdc.org

CCB International’s Corporate Finance & Capital Market Services:
Sam Siu, Tel: (852) 3911 8926, Email: samsiu@ccbintl.com

About HKTDC

The 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 research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

About CCB International

CCB International (Holdings) Limited and its subsidiaries (collectively “CCB International”) is a financial and investment services company owned by China Construction Bank Corporation (“CCB”). CCB International is committed to expanding its international platform. Backed by the CCB global network, its business covers key financial centres worldwide including Mainland China, Hong Kong, Singapore and London. CCB International offers a full range of products and services including sponsoring and underwriting, financial advisory, corporate mergers and acquisitions, restructuring, additional issuance and placement of shares, refinancing for listed companies, direct investment, asset management, securities brokerage, market research, investment consultancy and commodities business. The corporate finance and capital market services of CCB International have assisted hundreds of companies in raising over HK$5 trillion from the global capital market. For more information, please visit: https://www.ccbintl.com.hk/English/company.html

  

Disclaimer: The information contained herein merely reflects the author’s own beliefs about the country concerned and the relevant economic situation. This information does not constitute or form part of any offer, solicitation or invitation to subscribe or purchase any securities. CCB International and the HKTDC do not guarantee, represent and warrant that all or any part of this information is reliable, accurate or complete.

If this document has been distributed by electronic transmission, then such transmission cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. CCB International and the HKTDC, therefore, do not accept liability for any errors or omissions in the contents of this document, which may arise as a result of electronic transmission.



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Global leaders and Nobel laureate attend AFF 2024

HONG KONG, Dec 19, 2023 – (ACN Newswire) – Asian Financial Forum 2024 (AFF), co-organised by the Hong Kong Special Administrative Region (HKSAR) government and the Hong Kong Trade Development Council (HKTDC), will shed light on the importance of fostering sustainable multilateral cooperation while capitalising on Hong Kong’s strengths as an international financial centre under the current global economic landscape.

Themed Multilateral Cooperation for a Shared Tomorrow, the 17th AFF is scheduled to take place on 24 and 25 January 2024 (Wednesday and Thursday) at the Hong Kong Convention and Exhibition Centre (HKCEC). The first large-scale international financial and business event of 2024 in the region, the forum brings together over a hundred financial heavyweights, global policymakers and business leaders to discuss such topics as the global economic outlook, opportunities in Mainland China, investment prospects, green finance, financial technology and multilateral cooperation opportunities.

Luanne Lim, Chairperson of the AFF Steering Committee and Chief Executive, Hong Kong, of HSBC, said: “The theme of the upcoming AFF is Multilateral Cooperation for a Shared Tomorrow. The importance of fostering multilateral cooperation cannot be overstated, as it paves the way for sustainable and inclusive growth in our interconnected world. AFF aims to bring together influential speakers and thought leaders from across the globe to facilitate exchanges between nations and regions. Together, we will explore the challenges and opportunities faced by the financial industry in supporting economic development.”

Economist analyses global cooperation and sustainable economic development

AFF’s keynote luncheons have always been a highlight and this year Prof Jeffrey D Sachs, President of United Nations (UN) Sustainable Development Solutions Network, will share his insights. A polymath who focuses on sustainable development, Prof Sachs is a reservoir of knowledge on international debt and financial crises, national economic reforms, extreme poverty, global climate change, pandemic prevention and control and many other socioeconomic matters.

From 2001 to 2018, he served as a special adviser to three UN secretaries-general. Prof Sachs was awarded the 2022 Tang Prize in Sustainable Development and the 2015 Blue Planet Prize. During the first keynote luncheon on 24 January, he will explore the post-pandemic global economic environment, analyse the latest recovery trends and emphasise the crucial role of global cooperation in sustainable development.

Nobel laureate addresses recession risks

The second keynote luncheon on 25 January will hear from Prof Douglas W Diamond, Nobel Laureate in Economic Sciences in 2022 and Merton H Miller Distinguished Service Professor of Finance at University of Chicago’s Booth School of Business. Recipient of the Onassis Prize in Finance in 2018, Prof Diamond is a leading authority on bank runs and liquidity crises, earning him the title “father of modern banking theory”. He also served as the president of the American Finance Association and has taught as a visiting professor at the Hong Kong University of Science and Technology.

Given the uncertain economic outlook and increasing geopolitical risks in several regions, Prof Diamond will discuss likely interest rate moves by the United States Federal Reserve as well as risks of future economic recessions and measures to address structural financial crises.

Introducing Stewarding China’s New Chapter and CIO Insights

In response to ever-changing dynamics in the global economy and investment appetite, this year’s AFF will introduce discussion sessions in accordance with market opportunities and industry trends. These sessions aimed at analysing the business opportunities presented to enterprises in emerging markets such as ASEAN and the Middle East. Stewarding China’s New Chapter and CIO Insights will be newly introduced in this year’s AFF. As China is one of the largest engines of global growth, the newly introduced session, Stewarding China’s New Chapter will analyse links with other regions and discuss the role and advantages of Hong Kong. Another new addition is CIO Insights, which will bring together renowned international institutions’ investment leaders to share unique perspectives in the investment field. The sessions will also discuss asset allocation when the investment outlook is uncertain and examine current investment trends in the macroeconomic landscape. The popular Global Economic Outlook, Dialogues for Tomorrow and Fireside Chat, will also be back, covering topics including asset and wealth management, insurance and risk management, RMB Internationalisation, multilateral capital market cooperation, food technology and supply chain security, financial technology, influential investment and financial cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and various financial, economic, social trends, and global issues.

AFF Deal-making connects funds and investment projects

Over the years, the AFF Deal-Flow co-organised by the HKTDC and the Hong Kong Venture Capital and Private Equity Association has arranged more than 9,000 meetings for over 6,300 enterprises, including project owners and investors. The highly successful event has allowed participants to connect with funds and investment projects from around the world in such key industries as fintech, environment, energy and environmental technology, medical technology, deep technology and consumer goods. The coming AFF Deal-making will be held in physical form during the Forum, then online until 30 January (Tuesday), providing investors and project owners with more time to connect and explore collaboration opportunities.

The featured exhibition zones – Fintech Showcase, Fintech HK Startup Salon, the InnoVenture Salon and Global Investment Zone – will display next-generation financial concepts, start-up development and global investment opportunities, respectively. The exhibition segment is expected to bring together over a hundred local and global exhibitors, international financial institutions, technology companies, start-ups, investment promotion agencies and sponsors, including Knowledge Partner PwC, HSBC, Bank of China, Standard Chartered Bank, UBS, China International Capital Corporation (CICC), Huatai International, Cyberport and more.

Stellar lineup of themed discussions focus on Middle East and ASEAN

At AFF, engaging discussion sessions and workshops over the two days will include plenary sessions, policy dialogues, keynote luncheon and breakfast panels and thematic workshops. Esteemed financial officials, international financial and multilateral organisations, financial institutions and corporate decision-makers from a diverse range of countries will grace the Forum to identify valuable opportunities while addressing pressing global issues. The forum will feature a stellar lineup of themed discussions and policy dialogues, attracting finance ministers from the Middle East, ASEAN and around the world as well as senior executives from multilateral organisations and international financial institutions.

Launch 2024 with AFF

As the premier financial and business event in the region in 2024, AFF aims to help industry professionals seize opportunities and create more room for cooperation while promoting Hong Kong.

Early bird registration is now open for participants.

AFF has also collaborated with a number of organisations to provide special travel, dining and shopping discounts and privileges for overseas participants, encouraging them to make the most of their stay and experience the vitality of Hong Kong. Further details on event content, complete speaker lineup and media registration arrangements will be announced at a press conference in mid-January.

Websites
Asian Financial Forum: https://www.asianfinancialforum.com/aff/
Programme: https://www.asianfinancialforum.com/conference/aff/en/programme
Speaker List: https://www.asianfinancialforum.com/conference/aff/en/speakers

Members of the media interested in interviewing speakers at the Asian Financial Forum can email awong@yuantung.com.hk or tleung@yuantung.com.hk by 16 January 2023.

Photos Download: https://bit.ly/3GN43dR

Asian Financial Forum 2024, organised by the HKSAR Government and the HKTDC, will be held on 24 and 25 January 2024 (Wednesday and Thursday) at the Hong Kong Convention and Exhibition Centre, under the theme Multilateral Cooperation for a Shared Tomorrow. The picture shows scenes from the Forum in 2023.

During the keynote luncheon on the first day of the Forum (24 January), Prof Jeffrey D Sachs, President of United Nations Sustainable Development Solutions Network, will explore the post-pandemic global economic environment, analyse the latest recovery trends, and emphasise the crucial role of global cooperation in sustainable development.

The keynote luncheon on the second day of the Forum (25 January) will feature a keynote speech by Prof Douglas W Diamond, Nobel Laureate in Economic Sciences in 2022 and Merton H Miller Distinguished Service Professor of Finance at University of Chicago’s Booth School of Business, discussing prospects for interest-rate moves by the United States Federal Reserve and economic recession risks, and delve into measures to address structural financial crises.

After the forum, AFF Deal-making participants can continue with online matchmaking and meetings that will last three days until 30 January (Tuesday). This will allow investors and project owners more time to connect and negotiate investment deals and collaborations. The picture shows scenes from the Forum in 2023.

Luanne Lim (left), Chairwoman of the AFF Steering Committee and Chief Executive, Hong Kong, of HSBC and Patrick Lau (right), Deputy Executive Director of the HKTDC

Media enquires
HKTDC’s Communications & Public Affairs Department:
Katy Wong, Tel: (852) 2584 4524, Email: katy.ky.wong@hktdc.org
Snowy Chan, Tel: (852) 2584 4525, Email: snowy.sn.chan@hktdc.org

Yuan Tung Financial Relations:
Anson Wong, Tel: (852) 3428 3413, Email: awong@yuantung.com.hk
Tiffany Leung, Tel: (852) 3428 2361, Email: tleung@yuantung.com.hk
Hing-fung Wong, Tel: (852) 3428 3122, Email: hfwong@yuantung.com.hk

HKTDC Media Room: http://mediaroom.hktdc.com

About HKTDC

The 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 research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HKIRA 15th Anniversary Summit cum Cocktail Celebration Gathers industry elites to promote sustainable development, Uphold Hong Kong as an International Financial Centre

HONG KONG, Dec 18, 2023 – (ACN Newswire) – Hong Kong Investor Relations Association (“HKIRA”) recently held its 15th Anniversary Summit cum Cocktail Celebration, gathering industry leaders to help drive continuous innovation in and progress of the industry, and to strengthen corporate governance and maintain exchange with investors. HKIRA had the great honour of having Mr Chan Mo-po, Paul, GBM, GBS, MH, JP, Financial Secretary of the Hong Kong SAR Government, as officiating guest of the Summit.

Themed “IR New Horizons: Sustainability and Innovation”, this year’s summit brought together leading Hong Kong listed companies in various industries, international enterprises, investors from around the world, analysts, financial experts, and representatives of regulators, overseas investor relations associations and stock exchanges. HKIRA also invited about 18 speakers from the most influential organisations and listed companies in different industries, including the Hong Kong Exchanges and Clearing Limited, EY, MSCI, New World Development Co. Ltd. and academia, to share their insights and experience on issues of interest to the financial market and IR industry.

Dr Eva Chan, Founding Chairman of HKIRA, said, “In the past 15 years, we have seen HKIRA grow, with more and more members joining and embarking on cooperation in widening scope with each other. We also have the support from regulators and have built close partnership with other industry associations. These achievements have brought abundant resources and opportunities to HKIRA and our members, as well as helped strengthen our professional capabilities and influence in the IR sector.”

“Looking ahead, we will continue to help safeguard Hong Kong’s status as an international financial centre and actively partake in cooperation and exchange in the international IR realm. We will work closely with regulators, industry associations and other stakeholders to promote best IR practices and standards, plus enhance information disclosure and investment opportunities for investors. We believe, with our consistent effort and via cooperation, Hong Kong will continue to be an important hub and window for the global IR industry.”

Strategic Public Relations Group is proud to be the Official Public Relations Partner and Diamond Sponsor of HKIRA again for its 15th Anniversary Summit cum Cocktail Celebration 2023.

Mr Chan Mo-po, Paul, GBM, GBS, MH, JP, Financial Secretary of the Hong Kong SAR Government, friends from the investment community and industry professionals attend the HKIRA 15th Anniversary Summit Cum Cocktail Celebration

About HKIRA

Hong Kong Investor Relations Association (HKIRA) is a non-profit professional association comprising investor relations practitioners and corporate officers responsible for communication between corporate management and the investment community. HKIRA advocates the setting of international standards in IR education, advances the best IR practices and meets the professional development needs of those interested in pursuing the investor relations profession.

HKIRA is dedicated to advancing the practice of IR as well as the professional competency and status of its members. To date, HKIRA has over 1,300 members most of whom are working for companies primarily listed on the Stock Exchange of Hong Kong. About 64% of the Hang Seng Index Constituent Stock companies are currently members of HKIRA. HKIRA’s members are from a wide spectrum of professions including IR, finance, accounting, company secretarial to corporate investment and hold positions at different corporate levels, including top executives responsible for IR and management of listed companies. For more information about HKIRA details, please visit our website http://www.hkira.com.

Media enquiries:

Strategic Public Relations Group

Cindy Lung  Tel: +852 2864 4867  Email: cindy.lung@sprg.com.hk

Holly Szeto  Tel: +852 2864 4859  Email: holly.szeto@sprg.com.hk

Michelle Shiu  Tel: +852 2864 4861  Email: michelle.shiu@sprg.com.hk

Website: www.sprg.asia

Hong Kong Investor Relations Association

General Enquiry  Tel: +852 2117 1846  Email: info@hkira.com

Website: www.hkira.com



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Global Digital PR and Communications Service Provider ‘MediaValueWorks’ receives ISO 9000-2015 Certification for Quality Management

MUMBAI, INDIA, Dec 15, 2023 – (ACN Newswire) – MVW Network International Pvt Ltd, a pioneering leader in ‘Marketing Communication Services’ proudly announces its successful attainment of the prestigious ISO 9001:2015 certification in Quality Management Systems for Long-standing Public Relations Consulting, Digital Marketing and Global communications for Small and Medium Businesses.

ISO 9001 is a globally recognized standard for quality management helping organizations improve their performance, meet customer expectations, and demonstrate their commitment to quality. Its requirements define how to establish, implement, maintain, and continually improve a quality management system (QMS). After an exhaustive evaluation, attaining ISO 9001:2015 certification is a significant milestone in MediaValueWorks’ journey. This international standard validates the company’s commitment to quality management, ensuring its processes, services, and client interactions adhere to gold standards.

“ISO 9001:2015 certification validates our ongoing commitment to delivering premium marketing and branding services to our clients worldwide,” says Dr Rachana Chowdhary, Founder of MVW Network International Pvt Ltd.

A Legacy of Excellence:

Founded in 2013 by Dr Rachana Chowdhary, MediaValueWorks (MVW) has emerged as a stalwart in the industry, carving a niche in the highly competitive marketing strategies delivering public relations, customer communications, digital and events, collaterals and assets for brands to influence audiences across 125 countries in 45 languages.

Despite its humble beginnings as a bootstrapped cloud PR venture, the agency has flourished into a dynamic force with over 3000 satisfied customers, 18+ agency partners, and a robust clientele spanning various industries. Over the past five years, when adjusted to USD and considering Purchasing Power Parity (PPP), MediaValueWorks has generated an impressive $2.51 million in revenues. This financial milestone underscores the company’s consistent growth, financial stability, and ability to deliver tangible results for its clients.

Dedication towards Small and Medium Businesses and Industry Associations

Through the MVW-MSME Development Centre, MVW helps enterprises with advisory and consulting services. Enterprises targeting Indian MSMEs can leverage the Development Centre to deploy tailored solutions, cultivate strategic partnerships, and provide a comprehensive range of resources, from financial planning to market expansion. MVW-MSME Development Centre’s collaboration with multiple industry associations and worldwide forums underscores the belief in the effectiveness of collective action. “As growth catalyst for innovation, and partners in the journey of Small and Medium Enterprises, we are working towards enabling SMBs to thrive and contribute to the vibrancy of global economies,” added Dr Rachana Chowdhary, Global Communications and Marketing Specialist.

In the knowledge economy, size and scale of operations do not determine success. With offices in India, the US and Singapore, MediaValueWorks enjoys several strategic partnerships to collaborate, learn and grow. Our first-of-its-kind, industry-academia partnership with Mumbai’s 40+ years renowned VES B-School gives us access to 150+ PhD. Professors, over 2000+ Management students, to be our extended teams. Our strategic partnerships and international memberships with PRSA, WE Connect, the prestigious MSME Business Forum and many more have enabled us access to multiple RFPs, Tenders, and business opportunities. Through a multi-tiered outreach network, MediaValueWorks offers guaranteed placements that feed content into the newsrooms and editorial boards of Newspapers, TV, Radio, Print, Trade Journals, Magazines, Websites, Bloggers, Wire Agencies, and social media across the world. Carefully crafted customer content is published globally through cutting-edge Marketing and Publishing modules. 

“As part of our 2025 growth strategy, MediaValueWorks, an integrated marketing agency, is exploring collaborations with professionals to be a part of Lifetime Global Board of Partners across 125 countries to leverage on-ground activation supported by digital publishing,” says Dr Rachana Chowdhary, Co-founder of MediaValueWorks LLC.

About MediaValueWorks – www.mediavalueworks.com & MediaTechResource – www.mediatechresource.com 

Registered as MVW Network International Pvt Ltd., MediaValueWorks is headquartered in Mumbai, India. Registered as MediaValueWorks LLC in December 2019 in the US, brand MediaTechResource is a member of the North Pacific District Chapter, Public Relation Society of America, PRSA.

For more information, please contact:
Mayura Worlikar
+91-9967797844
mayura@mediavalueworks.com



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HKTDC Export Index 4Q23: 4-6% expected growth for Hong Kong exports in 2024

HONG KONG, Dec 14, 2023 – (ACN Newswire) – Hong Kong exports are expected to grow by 4% to 6% next year – a sharp contrast to the 11% decline in the city’s export levels recorded for the period between January and October this year.

This optimistic outlook is driven by the significant increase in demand for electronic components, partly on account of growing demand for AI-enabled devices and other finished products, which play a crucial role in boosting the city’s prospects.

Commenting on the likely upturn in Hong Kong’s export performance, Hong Kong Trade Development Council (HKTDC) Director of Research Ms Irina Fan said: “The unique properties of Hong Kong’s electronics-orientated export economy make it almost ideally positioned to take full advantage of the imminent rebound in demand for high-tech components.”

The Hong Kong Export Outlook forms part of the review of the city’s export prospects conducted annually by HKTDC Research. This wide-ranging review takes into account a wide array of factors, including many key global, regional and local economic indicators.

Light at the end of the tunnel

Despite many of the factors restraining Hong Kong’s 2023 export growth likely to remain in place next year, HKTDC Research’s confidence is based on the widespread acknowledgment that the electronics sector – which accounts for 70% of all of Hong Kong’s exports – is expected to enjoy rapid growth in 2024, partly on account of growing consumer and business demand for AI-enabled PCs.

“Demand in this sector is certain to bolster the local economy overall, ensuring that Hong Kong’s wide exporter base will be fully ready and adequately resourced to take advantage of wider global economic recovery, which is expected to come to fruition over the course of 2025,” she added.

Continuously softened sentiment in the near-term

Export growth is set to come after continuously softened export sentiment this year. The HKTDC Export Index contracted 5.5 points to 35 in the fourth quarter of 2023, indicating Hong Kong exporters have become more cautious amid rising geopolitical tensions, in particular the Israel-Gaza conflict, and sluggish external demand.

Exporter sentiment has declined across four of the six major industry sectors. Machinery at 40.3 (up 0.9 points) was one of the better-performing sectors, followed by electronics at 34.8 (down 6.0 points). Less optimistically, toys suffered the most substantial decline, falling 12.8 points to 29.4.

Based on a quarterly HKTDC survey of 500 exporters from six major industries – clothing, electronics, jewellery, machinery, timepieces and toys – the index above 50 indicates an optimistic outlook and below 50 pessimistic.

India, Taiwan and Mainland China markets promising

Sentiment in all key export markets remains below 50. However, sentiment towards India (42.7, up 10.1 points) is the most positive, followed by Taiwan (42.5, up 4.8 points) and Mainland China (39.5, up 0.9 points). Meanwhile, exporters were less confident, when it came to their export prospects to the EU (34.6, down 2.6 points) and the US (33.6, down 2.8 points).

Economic risks and geopolitical tensions concerns

Looking ahead, economic risks remain the top concern for 2024. The majority (84.7%) of respondents saw economic slowdowns or recession risks in overseas markets as the major challenge, followed by ongoing geopolitical tensions (62.5%) and rising transport costs / disruption to logistics and distribution obstructions (41.8%).

Ensuring sufficient cash flow clearly stands out as the focus for next year, with over half of the exporters intending to adopt cash flow management, significantly more than in the last survey in the third quarter this year (32%). More exporters also aim to maintain competitiveness by providing a wider range of value-added services (44.5%) and increasing marketing and promotional activities (41.2%).

HKTDC Research Principal Economist Mr Wing Chu said in addition to the common strategy of cash flow management, different industries favour various approaches. “For example, businesses in the electronics, timepieces and machinery sectors are keen to increase marketing, promotion or business matching in the coming year. Those in jewellery and clothing sectors, meanwhile, are more inclined to prioritise the use of e-commerce to drive sales growth,” he added.

References
– Hong Kong’s Export Outlook 2024: Modest Electronics-Led Recovery Now Anticipated
https://research.hktdc.com/en/article/MTU2MDQ4MjM3Mg
– HKTDC Export Index 4Q23: HKTDC Export Index 4Q23: Soft export sentiment amid rising concern of economic risk
https://research.hktdc.com/en/article/MTU1Njk2OTg3Ng
– HKTDC Research website: https://research.hktdc.com/en/

Photo download: https://bit.ly/41jZQb5

HKTDC Director of Research Ms Irina Fan (left) and Principal Economist Mr Wing Chu (right) announced the Hong Kong’s Export Outlook 2024 and the HKTDC Export Index for the fourth quarter of 2023 at a press conference today

HKTDC Director of Research Ms Irina Fan

HKTDC Principal Economist Mr Wing Chu

 

Media enquiries
Please contact the HKTDC’s Communication and Public Affairs Department:
Jane Cheung                       
Tel: (852) 2584 4137                  
Email: jane.mh.cheung@hktdc.org

About HKTDC

The 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 research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Acrometa Signs Strategic Cooperation Framework Agreement to Develop Co-Working Lab Space in China

SINGAPORE, Dec 12, 2023 – (ACN Newswire) – ACROMETA Group Limited (“ACROMETA”, or the “Company” and together with its subsidiaries, the “Group”), an established specialist engineering service provider in the field of controlled environments serving mainly the healthcare, biotechnology, pharmaceutical, research and academia sectors, today announced that its 70% owned subsidiary Life Science Incubator Holdings Pte Ltd (“LSI”) signed a strategic cooperation framework agreement (“Agreement”) with its partner Fenglin Healthcare Industry Development (Group) Co. Ltd. (“Fenglin Group”).

(3rd from Right) Fenglin Group Deputy General Manager Mr Pan Taishen and (2nd from Right) AcroMeta Executive Chairman Mr Levin Lee Keng Weng at the signing ceremony
(3rd from Right) Fenglin Group Deputy General Manager Mr Pan Taishen and (2nd from Right) AcroMeta Executive Chairman Mr Levin Lee Keng Weng at the signing ceremony

The Agreement follows an earlier MOU signed in November 2023 to further deepen their collaboration for the co-working laboratory space business in the People’s Republic of China.

The signing ceremony, which was held at the German Center Singapore, was part of a corporate access event which featured a presentation on the co-working laboratory space business, followed by a tour of the facilities for a first-hand look at the laboratory that is fully fitted with state-of-the-art equipment.

Representatives from AcroMeta, LSI and Fenglin Group present at the event held at the German Centre Singapore
Representatives from AcroMeta, LSI and Fenglin Group present at the event held at the German Centre Singapore

China-incorporated Fenglin Group, the administrative arm of the Shanghai Xuhui government in charge of Life Sciences, aims to establish an integrated ecosystem of local and international stakeholders in Shanghai’s Xuhui District to accelerate biopharmaceutical innovation and development.

Fenglin Group will promote the co-working laboratory space with a focus on overseas biomedical science startups and SMEs planning to develop their business in China. On its part, LSI will use its existing business networks to recommend to Fenglin Group, Singapore and other overseas biomedical sciences companies that intend to have a business foothold in China and need co-working laboratory space.

Mr Levin Lee Keng Weng, ACROMETA’s Executive Chairman, said,

“We extend a warm welcome to all our honoured guests, including the top Management of Fenglin Group. LSI and Fenglin will work closely together to fulfil the goals of our strategic cooperation in the co-working laboratory business.

China’s life sciences industry is an important part of China’s ‘Made in China 2025’ strategy and its rapid growth has seen the birth of thousands of start- ups and SMEs in biotech, agritech, pharmaceuticals, and medical devices doing research and development to bring innovative products into the market. Our co-working laboratory space business will enable them to conduct their R&D without incurring high CAPEX to build the facilities.”

About ACROMETA Group Limited (SGX Stock Code:43F)

ACROMETA (Previously known as ACROMEC Limited) is an established specialist engineering services provider with more than 25 years of experience in the field of controlled environments.

The Group has, over the years, acquired expertise in the design and construction of facilities requiring controlled environments such as laboratories, medical and sterile facilities, and cleanrooms.

ACROMETA’s business is divided into three main business segments: (i) Engineering, procurement, and construction services, specialising in architectural, and mechanical, electrical, and process works within controlled environments; (ii) Maintenance and repair services of facilities and equipment of controlled environments and their supporting infrastructure. (iii) Co-Working Laboratory business; currently operates 6,500 square feet of co-working laboratory space at The German Centre in Singapore, serving SMEs and startups.

The Group mainly serves the healthcare, biotechnology, pharmaceutical, research and academia, and electronics sectors. ACROMETA’s customers include hospitals and medical centres, government agencies, research and development companies or agencies, research and development units of multinational corporations, tertiary educational institutions, pharmaceutical companies, semiconductor manufacturing companies, and multinational engineering companies.

The Company has been listed on the Catalist Board of the Singapore Exchange since 2016. For more information, please visit www.acrometa.com.

Media and Analysts Contact:
ACROMETA Group Limited
Ms. Cheah Lai Min
Chief Financial Officer
Tel: +65 6415 0574
Email: laimin.cheah@acrometa.com                                                            

Waterbrooks Consultants Pte Ltd
Mr. Wayne Koo
Tel: +65 6958 8008 / +65 9338 8166
Email: wayne.koo@waterbrooks.com.sg
Email: query@waterbrooks.com.sg

This media release has been reviewed by the Company’s Sponsor, Evolve Capital Advisory Private Limited (the “Sponsor”). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “Exchange”), and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr. Jerry Chua, 138 Robinson Road, #13-02 Oxley Tower, Singapore 068906, jerrychua@evolvecapitalasia.com.



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

The 4th PropertyGuru Asia Property Awards (India) recognise the nation’s finest real estate companies

BANGKOK, THAILAND, Dec 12, 2023 – (ACN Newswire) – The 4th PropertyGuru Asia Property Awards (India) were presented today in an exclusive luncheon and presentation ceremony at The Athenee Hotel, a Luxury Collection Hotel, Bangkok.

The exclusive luncheon and presentation ceremony, hosted at The Athenee Hotel, a Luxury Collection Hotel, Bangkok.

DLF Cyber City Developers Ltd. came out on top as the year’s biggest winner, scoring the title of Best Sustainable Developer. The company also earned Special Recognitions in ESG and Sustainable Design and Construction.                  

A wide array of companies and projects were given Special Recognitions this year. Supreme Universal received the Special Recognition for Luxury Development while Turner House by Raiaskaran won the Special Recognition for Landmark Office Design. The Special Recognition for Redevelopment was meanwhile presented to S. Raheja Realty.

The latest edition of the Awards in India also recognised the country’s finest integrated, mixed-use, and office projects, including Brigade Cornerstone Utopia by Brigade Group and The Ark- Voyage to the Stars by Tribeca Developers & Acropolis Developer. Embassy REIT gained wins for the projects Embassy Hub Phase 1 and Embassy Manyata Block D1 & D2.

Embassy Hub Phase 1 by Embassy REIT, Winner of the Best Office Development at the PropertyGuru Asia Property Awards (India) 2023

Jeremy Williams, managing director, Marketplaces, PropertyGuru Group, said: “Congratulations to the distinguished companies and projects that have raised the standard of real estate in India. The winners represent the continual improvement in the quality of real estate in India, showcasing a readiness to meet the demands of NRIs, the domestic housing market, and investors. We look forward to seeing many more such exemplary companies committed to transforming the nation’s property sector for the better.”

Jules Kay, GM of PropertyGuru Asia Property Awards and Events, said: “The built environment of India continues to show impressive growth with the support of smart property seekers and investors at home and abroad. Thanks to the country’s many experienced property developers and high-performing real estate investment trusts, the country’s award-worthy residential and commercial offerings have made great strides in terms of design and construction in recent years, setting quality benchmarks both at a national and international level.”

The independent panel of judges who determined the list of awardees this year consist of Ajai A Kapoor, chairperson of the Awards in India and CEO of 360 degrees – Real Estate Services; Avinash Khater, founder chairman, The Real Estate Kings (TREK); Jitender Girdhar, co-founder & director, Qonqests Technical Solutions and VDC Technologies; Madhav Raman, co-founder, Anagram Architects; Ravi Ahuja, India Real Estate Services; Shradha Batra Mithal, director, Alto Vita; and Sidhartha Talwar, principal and co-founder, Studio Lotus.

HLB supervised the selection process under the leadership of Surabhi Bansal, partner with HLB Advisory Services Delhi LLP.

Organised by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 4th PropertyGuru Asia Property Awards (India) are supported by official portal partner Housing.com; official marketing partner SHK360; official magazine Property Report by PropertyGuru; media partner The Hindu; supporting association IFC – Excellence in Design for Greater Efficiencies; official courier partner Ezy Express; and official supervisor HLB.

For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.

COMPLETE LIST OF WINNERS

4th PropertyGuru Asia Property Awards (India)

DEVELOPER AWARD                            

Best Sustainable Developer                           
WINNER: DLF Cyber City Developers Ltd.                               

DEVELOPMENT AWARDS

Best Integrated Development                       
WINNER: The Ark- Voyage to the Stars by Tribeca Developers & Acropolis Developer                            

Best Mixed Use Development                       
WINNER: Brigade Cornerstone Utopia by Brigade Group                            

Best Office Development                                 
WINNER: Embassy Hub Phase 1 by Embassy REIT                            

DESIGN AWARD                            

Best Office Architectural Design                   
WINNER: Embassy Manyata Block D1 & D2 by Embassy REIT                            

SPECIAL AWARDS                            

Special Recognition in ESG                             
WINNER: DLF Cyber City Developers Ltd.   

Special Recognition in Sustainable Design and Construction                   
WINNER: DLF Cyber City Developers Ltd.             

Special Recognition for Luxury Development                              
WINNER: Supreme Universal   

Special Recognition for Landmark Office Design                        
WINNER: Turner House by Raiaskaran        

Special Recognition for Redevelopment                      
WINNER: S. Raheja Realty                                                 

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS:

PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair, and transparent. 

In 2023, the Awards series is open to more than a dozen key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2023. 

For more information, please visit AsiaPropertyAwards.com

ABOUT PROPERTYGURU GROUP:

PropertyGuru is Southeast Asia’s leading(1) PropTech company, and the preferred destination for over 37 million property seekers(2) to connect with almost 59,000 agents monthly(3) to find their dream home. PropertyGuru empowers property seekers with more than 2.9 million real estate listings(4), in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, and Vietnam. 

PropertyGuru.com.sg was launched in Singapore in 2007 and since then, PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 15 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio including leading property marketplaces and award-winning mobile apps across its core markets; mortgage marketplace, PropertyGuru Finance; home services platform, Sendhelper; a host of proprietary enterprise solutions under PropertyGuru For Business including DataSense, ValueNet, Awards, events and publications across Asia. 

For more information, please visit: PropertyGuruGroup.com;PropertyGuru Group on LinkedIn.

Footnotes & Citation:

(1) Based on SimilarWeb data between April 2023 and September 2023.
(2) Based on Google Analytics data between April 2023 and September 2023.
(3) Based on data between July 2023 and September 2023.
(4) Based on data between April 2023 and September 2023.

Group: Key Statistics as of November 2023

* Property seekers: 37 million
* No. of agents: 59,000
* Real estate listings: 2.9 million

Strong Category Leadership Drives Long-Term Growth Opportunities

As of September 30, 2023, PropertyGuru continued its Engagement Market Share*

* Singapore: 83% – 6.2x the closest peer
* Malaysia: 92% – 12.8x the closest peer
* Vietnam: 80% – 4.0x the closest peer
* Thailand: 51% – 1.7x the closest peer

*Based on SimilarWeb data between April 2023 and September 2023.

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com   

Media & Partnerships:
Piyachanok Raungpaka, Media Relations & Marketing Services Executive
M: +66 92 701 2510
E: piyachanok@propertyguru.com    

Sponsorships:
Kanittha Srithongsuk, Regional Manager, Awards Sponsorship
M: +66 93 293 9794
E: kanittha@propertyguru.com

Sales & Nominations:
Monika Singh, Solutions Manager
M: +66 87 677 4812
E: monika@propertyguru.com



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com