Economy of Asia

TASE is Launching a Green Index Version of the TA-125 Index

Retrieved on: 
Monday, November 9, 2020

TEL AVIV, Israel, Nov. 9, 2020 /PRNewswire/ -- The Tel-Aviv Stock Exchange (TASE: TASE) announced today the launch of a new index - TA-125 Fossil-Fuel-Free Climate Index.

Key Points: 
  • TEL AVIV, Israel, Nov. 9, 2020 /PRNewswire/ -- The Tel-Aviv Stock Exchange (TASE: TASE) announced today the launch of a new index - TA-125 Fossil-Fuel-Free Climate Index.
  • The index will be comprised of shares included in the TA-125 index, excluding those of corporations involved in the production chain of fossil fuels, i.e.
  • Thus, for example, the European Union has approved an ambitious detailed plan, "Green New Deal", which aims to make Europe fully green by 2050.
  • This is consistent with the surplus yield of the S&P 500 Fossil-Fuel-Free Index over the S&P 500 Index.

ZIM Announces Changes in Its Board

Retrieved on: 
Thursday, October 15, 2020

Mr. Seroussi is replacing Mr. Aharon Fogel who is stepping down after serving more than six successful years as the Compnay's Chairman.

Key Points: 
  • Mr. Seroussi is replacing Mr. Aharon Fogel who is stepping down after serving more than six successful years as the Compnay's Chairman.
  • Yair Seroussi brings with him vast business experience, having served in various senior positions in both the public and private sectors.
  • Mr. Seroussi served as Chairman of Bank Hapoalim, Israel's largest bank, in 2009-2016, and was head of Morgan Stanley Israel in 1993-2009.
  • Currently, Mr. Seroussi is, among others, Chairman of Enlight Renewable Energy, a fast-growing company which is active in 10 European markets and is listed on the TASE.

Xinyuan Real Estate Co., Ltd. Announces Completion of Partial Repurchases of Senior Notes

Retrieved on: 
Thursday, September 24, 2020

BEIJING, Sept. 24, 2020 (GLOBE NEWSWIRE) -- Xinyuan Real Estate Co., Ltd. (Xinyuan or the Company) (NYSE: XIN), an NYSE-listed real estate developer and property manager operating primarily in China and also in other countries, today announced that the Company has completed two tranches of partial repurchases of certain senior notes listed on the Singapore Exchange Securities Trading Limited (the SGX-ST).

Key Points: 
  • BEIJING, Sept. 24, 2020 (GLOBE NEWSWIRE) -- Xinyuan Real Estate Co., Ltd. (Xinyuan or the Company) (NYSE: XIN), an NYSE-listed real estate developer and property manager operating primarily in China and also in other countries, today announced that the Company has completed two tranches of partial repurchases of certain senior notes listed on the Singapore Exchange Securities Trading Limited (the SGX-ST).
  • The Companys Senior Notes set forth in the tables below (the Existing Senior Notes) are listed on the Singapore Exchange Securities Trading Limited (the SGX-ST).
  • The SGX-ST assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained herein.
  • From March 3, 2020 through September 10, 2020, the Company made on-market repurchases of its 14.2% and 7.75% senior notes in accordance with the terms and conditions of that series of notes.

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

Retrieved on: 
Thursday, September 17, 2020

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

Retrieved on: 
Monday, September 14, 2020

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

Retrieved on: 
Friday, September 4, 2020

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

Retrieved on: 
Thursday, September 3, 2020

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

Retrieved on: 
Wednesday, August 5, 2020

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

Retrieved on: 
Thursday, July 30, 2020

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'

Retrieved on: 
Thursday, July 23, 2020

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).