Economy of Asia

AsiaInfo Technologies (1675.HK) included in Hong Kong Stock Connect scheme

Thursday, September 17, 2020 - 4:01am

SHENZHEN, China, Sept. 16, 2020 /PRNewswire/ -- AsiaInfo Technologies Limited, China's leading telecom software provider (Ticker Symbol: 1675.HK), has been added to the Hong Kong Stock Connect scheme.

Key Points: 
  • SHENZHEN, China, Sept. 16, 2020 /PRNewswire/ -- AsiaInfo Technologies Limited, China's leading telecom software provider (Ticker Symbol: 1675.HK), has been added to the Hong Kong Stock Connect scheme.
  • The Hong Kong, Shanghai and Shenzhen Stock Exchanges launchedthe Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect schemes on November 17, 2014 and December 5, 2016 respectively, as a means to allow Hong Kong and Mainland Chinese investors to trade securities in each other's markets through the trading and clearing facilities of their home exchange.
  • With the inclusion of AsiaInfo Technologies, mainland institutional investors and eligible individual investors will be able to buy and sell stocks of the company through the scheme.
  • On September 7, changes in the number as well as the specific equities included in the Hong Kong Stock Connect scheme due to theperiodic adjustment of the constituent stocks of the Hang Seng Composite Index took effect, where 10 new stocks under Shanghai-Hong Kong Stock Connectwere added to the scheme and 11 were dropped; at the same time 24 under Shenzhen-Hong Kong Stock Connect were added and 15 were dropped.

HKTDC Export Index 3Q20: Exporter confidence rises for second consecutive quarter

Monday, September 14, 2020 - 10:00am

HONG KONG, Sept 14, 2020 - (ACN Newswire) - The HKTDC Export Index has risen for the second consecutive quarter, indicating that exporter sentiment continues to improve.

Key Points: 
  • HONG KONG, Sept 14, 2020 - (ACN Newswire) - The HKTDC Export Index has risen for the second consecutive quarter, indicating that exporter sentiment continues to improve.
  • The HKTDC Export Index reflects the prospects of the city's near-term export performance.
  • Ms Yim added that the Procurement Index, Offshore Trade Index and Trade Value Index all began to stabilise in the third quarter whereas the Employment Index dropped by 2.3 points to a four-year low of 39.8.
  • - Hong Kong Export Index 3Q20: Exporter Confidence Rallies Moderately While Spectre of Covid-19 Still Looms Large: https://bit.ly/2GKKiYx
    The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade.

BeiGene Announces Inclusion of Its Shares in the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect Programs

Friday, September 4, 2020 - 2:15pm

BeiGene, Ltd. (NASDAQ: BGNE; HKEX: 06160), a commercial-stage biotechnology company focused on developing and commercializing innovative medicines worldwide, today announced that the companys ordinary shares, which trade on the Hong Kong Stock Exchange, will be included in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs, effective on September 7, 2020.

Key Points: 
  • BeiGene, Ltd. (NASDAQ: BGNE; HKEX: 06160), a commercial-stage biotechnology company focused on developing and commercializing innovative medicines worldwide, today announced that the companys ordinary shares, which trade on the Hong Kong Stock Exchange, will be included in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs, effective on September 7, 2020.
  • We expect that the inclusion in the Stock Connects and the HSCI can allow us to access a broader investor base in mainland China.
  • The Stock Connect programs are a unique collaboration between the Hong Kong, Shanghai and Shenzhen stock exchanges.
  • The Stock Connects established a two-way trading link between stock exchanges in mainland China and Hong Kong.

Hong Kong Book Fair rescheduled for 16-22 December

Thursday, September 3, 2020 - 10:00am

HONG KONG, Sept 3, 2020 - (ACN Newswire) - The 31st HKTDC Hong Kong Book Fair, including the HKTDC Hong Kong Sports and Leisure Expo, organised by the Hong Kong Trade Development Council (HKTDC), has been rescheduled to run from 16 to 22 December 2020 at the Hong Kong Convention and Exhibition Centre, following discussions with the fair's supporting organisations and relevant stakeholders.

Key Points: 
  • HONG KONG, Sept 3, 2020 - (ACN Newswire) - The 31st HKTDC Hong Kong Book Fair, including the HKTDC Hong Kong Sports and Leisure Expo, organised by the Hong Kong Trade Development Council (HKTDC), has been rescheduled to run from 16 to 22 December 2020 at the Hong Kong Convention and Exhibition Centre, following discussions with the fair's supporting organisations and relevant stakeholders.
  • The 31st HKTDC Hong Kong Book Fair, including the HKTDC Hong Kong Sports and Leisure Expo has been rescheduled to run from 16 to 22 December 2020 at the Hong Kong Convention and Exhibition Centre.
  • Benjamin Chau, HKTDC Deputy Executive Director (left), and Elvin Lee, Chairman, Hong Kong Publishing Federation Limited and member of Hong Kong Book Fair 2020 Cultural Events Advisory Panel (right), hosted online media briefings today to share the latest arrangements.
  • Hong Kong Book Fair website and mobile app: www.hkbookfair.com, www.hkbookfair.com/HKBookfairApp.html
    Hong Kong Sports and Leisure Expo Website: www.hkbookfair.com/hksportsleisureexpo
    The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade.

TANAKA Selected in Ministry of Economy, Trade, and Industry's 2020 Global Niche Top Companies

Wednesday, August 5, 2020 - 2:00am

TOKYO, Aug 5, 2020 - (ACN Newswire) - TANAKA Holdings Co., Ltd. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka) announced today that TANAKA Kikinzoku Kogyo K.K.

Key Points: 
  • TOKYO, Aug 5, 2020 - (ACN Newswire) - TANAKA Holdings Co., Ltd. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka) announced today that TANAKA Kikinzoku Kogyo K.K.
  • (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka), which operates the TANAKA Precious Metals manufacturing business, has been selected and awarded by Japan's Ministry of Economy, Trade, and Industry (METI) as one of its "Global Niche Top Companies Selection 100" (GNT Companies Selection 100) and has just received the certification.
  • Companies selected in the GNT Companies Selection 100 are being recognized by METI for excelling in niche sectors of global markets or for being outstanding companies with businesses focused on parts or materials with increasing importance for supply chain in a changing international landscape.
  • On June 30, 2020, METI announced the selection of 113 companies for its 2020 GNT Companies Selection 100.

HKTDC Entrepreneur Day: Start-ups get insights into overcoming challenges

Thursday, July 30, 2020 - 8:00am

Mr Leonhard explained that there would not be a post-COVID-19 return to normality, and that the new normal would be very different.

Key Points: 
  • Mr Leonhard explained that there would not be a post-COVID-19 return to normality, and that the new normal would be very different.
  • 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 also provides up-to-date market insights and product information via trade publications, research reports and digital news channels.

Inaugural 'Standard Chartered GBA Business Confidence Index'

Thursday, July 23, 2020 - 10:00am

HONG KONG, July 23, 2020 - (ACN Newswire) - Standard Chartered and Hong Kong Trade Development Council ("HKTDC") released the inaugural "Standard Chartered GBA Business Confidence Index" ("GBAI"), the first forward-looking quarterly survey in the market that looks at the business sentiment and synergistic effects across cities and industries in the Guangdong-Hong Kong-Macao Greater Bay Area ("Greater Bay Area" or "GBA").

Key Points: 
  • HONG KONG, July 23, 2020 - (ACN Newswire) - Standard Chartered and Hong Kong Trade Development Council ("HKTDC") released the inaugural "Standard Chartered GBA Business Confidence Index" ("GBAI"), the first forward-looking quarterly survey in the market that looks at the business sentiment and synergistic effects across cities and industries in the Guangdong-Hong Kong-Macao Greater Bay Area ("Greater Bay Area" or "GBA").
  • (from left) Kelvin Lau, Senior Economist, Greater China, Standard Chartered and Nicholas Kwan, Director of Research, HKTDC at the online press conference of "Standard Chartered GBA Business Confidence Index".
  • To download the report of the "Standard Chartered GBA Business Confidence Index", please visit the website: https://sc.com/hk/gba/gba-index/.
  • Standard Chartered GBA Business Confidence Index (GBAI) is the first forward-looking quarterly survey in the market that looks at the business sentiment and synergistic effects across cities and industries in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).

DSS Announces Update On the Acquisition of Impact Biomedical

Wednesday, July 15, 2020 - 11:45am

ROCHESTER, N.Y., July 15, 2020 (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (DSS or the Company) (NYSE American: DSS), a multinational company operating businesses focusing on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, is pleased to announce an update of its impending acquisition of Impact BioMedical as outlined in the share exchange agreement (Transaction) announced on April 27, 2020, signed by DSS, DSS BioHealth Security, Inc. (a wholly-owned direct subsidiary of DSS), Impact BioMedical Inc. (Impact BioMedical) and Global BioMedical Pte.

Key Points: 
  • ROCHESTER, N.Y., July 15, 2020 (GLOBE NEWSWIRE) -- Document Security Systems, Inc. (DSS or the Company) (NYSE American: DSS), a multinational company operating businesses focusing on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, is pleased to announce an update of its impending acquisition of Impact BioMedical as outlined in the share exchange agreement (Transaction) announced on April 27, 2020, signed by DSS, DSS BioHealth Security, Inc. (a wholly-owned direct subsidiary of DSS), Impact BioMedical Inc. (Impact BioMedical) and Global BioMedical Pte.
  • Global BioMedical, which owns all of the stock of Impact BioMedical, is a 100% owned subsidiary of Singapore eDevelopment Limited (SeD) (SGX: 40V).
  • The DSS long-term plans include seeking to take Impact BioMedical public after the share exchange in an initial public offering (IPO).
  • Impact BioMedical, Inc. (Impact BioMedical) is a wholly owned direct subsidiary of Global BioMedical Pte.

HKTDC Entrepreneur Day helps start-ups redefine industries

Wednesday, July 15, 2020 - 3:00am

HONG KONG, July 15, 2020 - (ACN Newswire) - In light of the COVID-19 situation, this year's HKTDC Entrepreneur Day (E-Day) has undergone a transformation in terms of format and content, with a series of seminars being broadcast live on 16 and 17 July.

Key Points: 
  • HONG KONG, July 15, 2020 - (ACN Newswire) - In light of the COVID-19 situation, this year's HKTDC Entrepreneur Day (E-Day) has undergone a transformation in terms of format and content, with a series of seminars being broadcast live on 16 and 17 July.
  • HKTDC Assistant Executive Director Stephen Liang said: "Start-ups have been bearing the brunt of the unprecedented challenges, such as the impact on capital flow, brought by the COVID-19 pandemic.
  • However, the new normal has given rise to business opportunities through the use of pioneering innovative technologies."
  • At the event's plenary session tomorrow morning, titled "Revive, Redefine", William Ip, Managing Director of Carousell Hong Kong, and Crystal Pang, Co-Founder of Pickupp, will share how their start-ups are working to redefine their respective industries through pioneering ideas.

Impact Biomedical Achieves COVID-19 Success with Equivir and 3F Biofragrance

Wednesday, June 24, 2020 - 6:00am

SINGAPORE, June 24, 2020 - (ACN Newswire) - Singapore eDevelopment Limited's (SeD; SGX:40V) wholly owned subsidiary Impact Biomedical Inc. has announced proven in vitro success with Equivir and 3F Biofragrance against COVID-19 in independent laboratory testing.

Key Points: 
  • SINGAPORE, June 24, 2020 - (ACN Newswire) - Singapore eDevelopment Limited's (SeD; SGX:40V) wholly owned subsidiary Impact Biomedical Inc. has announced proven in vitro success with Equivir and 3F Biofragrance against COVID-19 in independent laboratory testing.
  • 3F Biofragrance proved successful as a surface disinfectant, killing the virus in concentrations as low as 1/5000 after 15 seconds.
  • Impact BioMedical, Inc. ("Impact BioMedical") is a wholly-owned direct subsidiary of Global BioMedical Pte.
  • Impact BioMedical strives to leverage its scientific know-how and intellectual property rights to provide solutions that have been plaguing the biomedical field for decades.