Hong Kong Exchanges and Clearing

Ping An Asset Management Company statement on HSBC Group Plc

Retrieved on: 
Tuesday, April 18, 2023
NIM, Prejudice, HSBC, Communication, Maintenance, Optimism, SLA, Insurance, Bank of China, General Services Administration, NII, Hang Seng Bank, Feedback, RWA, CIR, Policy, Hope, AGM, G&A, Eligibility, Full-time equivalent, Administration, ATM, AUM, FTE, Growth, Yoy, Bank, Hong Kong Monetary Authority, Rote, Benchmarking, Environment, KPI-driven code analysis, VI, Security (finance), Management, Tutoring, Renewable energy, Cryptocurrency, Drug, Hong Kong Exchanges and Clearing, HK

In light of significant and at times misleading market speculation and reports regarding Ping An's relations with and views about HSBC Holdings plc (HSBC or HSBC Group), Ping An Asset Management Company (PAAMC) wishes to publicly clarify its ownership stance on HSBC.

Key Points: 
  • In light of significant and at times misleading market speculation and reports regarding Ping An's relations with and views about HSBC Holdings plc (HSBC or HSBC Group), Ping An Asset Management Company (PAAMC) wishes to publicly clarify its ownership stance on HSBC.
  • Secondly, HSBC Group and HSBC Asia performance continues to significantly underperform peers despite absolute performance improving.
  • Fifthly, HSBC Group has drained HSBC Asia of dividends and growth capital to support its relatively low return non-Asia businesses.
  • VI - About Ping An Asset Management Co., Ltd. ("PAAMC")
    PAAMC is a top-ranked asset management institution in China and has been ranked among the top in Asia.

BIT Mining Limited Announces Changes to Board of Directors

Retrieved on: 
Friday, April 14, 2023
Columbia University, NYSE Listed Company Manual, University, Doctor of Philosophy, William Blair & Company, Lightspeed Venture Partners, Business, BIT, MBA, David G. Booth, McKinsey & Company, Audit committee, Securities and Exchange Commission (Nigeria), Partner, Hong Kong Exchanges and Clearing, Nimbus, Growth, Seemabaddha, China Nepstar, NYSE, Mining, Microbiology

AKRON, Ohio, April 14, 2023 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today announced the resignation of Ms. Angel Yan Ki Wong from the Company's Board of Directors (the "Board") due to personal reasons, effective April 17, 2023.

Key Points: 
  • AKRON, Ohio, April 14, 2023 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today announced the resignation of Ms. Angel Yan Ki Wong from the Company's Board of Directors (the "Board") due to personal reasons, effective April 17, 2023.
  • The Board has determined that Dr. Lu qualifies as an "audit committee financial expert" as defined in Item 16A of Form 20-F of the U.S. Securities and Exchange Commission.
  • Before that, Dr. Lu worked at McKinsey & Company where he advised global and regional companies on their growth and financial strategies.
  • We believe that Dr. Lu's solid and proven experience in the U.S. market will benefit BTCM greatly in driving long-term growth."

Kingsoft Announces 2022 Annual and Fourth Quarter Results

Retrieved on: 
Tuesday, March 21, 2023
Online, Tao, Docere, Data management, Big data, Internet, Policy, ZOU, IP, JX, WPS, Government, Hong Kong Exchanges and Clearing, Cloud computing, JX Online 3, IPS, Local government, Artificial intelligence, Growth, AI, Longevity, Video game, Kingsoft

HONG KONG, Mar 22, 2023 - (ACN Newswire) - On 21 March 2023, Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its 2022 annual results and fourth quarter results for the period ended 31 December 2022.

Key Points: 
  • HONG KONG, Mar 22, 2023 - (ACN Newswire) - On 21 March 2023, Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its 2022 annual results and fourth quarter results for the period ended 31 December 2022.
  • For the fourth quarter of 2022, the Company's revenue increased 16% year-on-year and 15% quarter-on-quarter to RMB2,112.4 million.
  • Revenue from the office software and services and online games and others represented 52% and 48%, respectively, of the Company's total revenue for the fourth quarter of 2022.
  • Gross profit for the fourth quarter of 2022 increased 20% year-on-year and 19% quarter-on-quarter to RMB1,740.8 million, while operating profit amounted to RMB618.7 million.

HKEX Announces Plans to Open London Office

Retrieved on: 
Thursday, March 2, 2023
Stock exchange, London Metal Exchange, Financial Conduct Authority, Hong Kong Stock Exchange, Marketing, HKEX, Hong Kong Exchanges and Clearing, Head, Film industry

HONG KONG, March 2, 2023 /PRNewswire/ -- Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to confirm today (Thursday) that it will open an office in London in the first half of 2023.

Key Points: 
  • HONG KONG, March 2, 2023 /PRNewswire/ -- Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to confirm today (Thursday) that it will open an office in London in the first half of 2023.
  • Preparatory work to open the London office is also ongoing.
  • HKEX Chief Executive Officer, Nicolas Aguzin, said: "We are delighted to be opening HKEX's first European office in London, one of the world's most dynamic and vibrant financial, business and cultural cities.
  • HKEX has strong ties with the financial community in London through the London Metal Exchange, and this new office will further strengthen our commitment to supporting the ambitions of our broad range of customers around the world.

HKEX Announces Plans to Open London Office

Retrieved on: 
Thursday, March 2, 2023
Stock exchange, London Metal Exchange, Financial Conduct Authority, Hong Kong Stock Exchange, Marketing, HKEX, Hong Kong Exchanges and Clearing, Head, Film industry

HONG KONG, March 2, 2023 /PRNewswire/ -- Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to confirm today (Thursday) that it will open an office in London in the first half of 2023.

Key Points: 
  • HONG KONG, March 2, 2023 /PRNewswire/ -- Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to confirm today (Thursday) that it will open an office in London in the first half of 2023.
  • Preparatory work to open the London office is also ongoing.
  • HKEX Chief Executive Officer, Nicolas Aguzin, said: "We are delighted to be opening HKEX's first European office in London, one of the world's most dynamic and vibrant financial, business and cultural cities.
  • HKEX has strong ties with the financial community in London through the London Metal Exchange, and this new office will further strengthen our commitment to supporting the ambitions of our broad range of customers around the world.

ABI's CEO: First Global Executive to Visit China's Minister of Commerce This Year - AB InBev Invests for a Future with More Cheers in China

Retrieved on: 
Wednesday, March 1, 2023
Carbon, AA, MSCI, News, Ministry, National Congress of the Chinese Communist Party, Beer, Wholesaling, Central Economic Work Conference, ESG, Interview, Heart, Hong Kong Exchanges and Clearing, Boxing, Investment, Growth, Lifting, AB InBev, Fortune 500, Ministry of Trade and Industry, Oxford Economic Papers, FJ, Conference, Communist party, Budweiser, Multimedia, AB, Water, National Congress, Commerce, Renewable energy, Euronext

BEIJING, Feb. 28, 2023 /PRNewswire/ -- Michel Doukeris, CEO of Fortune 500 company "AB InBev", flew to Beijing on February 24, 2023, to visit China's Minister of Commerce, Mr. Wang Wentao, as an early visitor to meet China's central government after the lifting of pandemic restrictions in China. AB InBev is the parent company of Budweiser APAC and is a public company based in Leuven, Belgium and listed on Euronext which has over 600 years of brewing heritage and an extensive global presence.

Key Points: 
  • During his interview with Chinese media, Mr. Doukeris shared AB InBev's strategic plans in China.
  • Mr. Doukeris emphasized China's importance to AB InBev, noting that "one beer in four globally is consumed in China".
  • AB InBev brews beer at approximately 30 breweries across China and provides a diverse portfolio of more than 50 brands.
  • AB InBev has also spared no efforts to fulfill its commitments to the Chinese market, while continually increasing its investment here.

ABI's CEO: First Global Executive to Visit China's Minister of Commerce This Year - AB InBev Invests for a Future with More Cheers in China

Retrieved on: 
Wednesday, March 1, 2023
Carbon, AA, MSCI, News, Ministry, National Congress of the Chinese Communist Party, Beer, Wholesaling, Central Economic Work Conference, ESG, Interview, Heart, Hong Kong Exchanges and Clearing, Boxing, Investment, Growth, Lifting, AB InBev, Fortune 500, Ministry of Trade and Industry, Oxford Economic Papers, FJ, Conference, Communist party, Budweiser, AB, Water, National Congress, Commerce, Renewable energy, Euronext

BEIJING, March 1, 2023 /PRNewswire/ -- Michel Doukeris, CEO of Fortune 500 company "AB InBev", flew to Beijing on February 24, 2023, to visit China's Minister of Commerce, Mr. Wang Wentao, as an early visitor to meet China's central government after the lifting of pandemic restrictions in China. AB InBev is the parent company of Budweiser APAC and is a public company based in Leuven, Belgium and listed on Euronext which has over 600 years of brewing heritage and an extensive global presence.

Key Points: 
  • During his interview with Chinese media, Mr. Doukeris shared AB InBev's strategic plans in China.
  • Mr. Doukeris emphasized China's importance to AB InBev, noting that "one beer in four globally is consumed in China".
  • AB InBev brews beer at approximately 30 breweries across China and provides a diverse portfolio of more than 50 brands.
  • AB InBev has also spared no efforts to fulfill its commitments to the Chinese market, while continually increasing its investment here.

111, Inc. Hosts Hua Medicine Launches First Official Flagship Store

Retrieved on: 
Thursday, February 16, 2023
Diabetes, Medicine, Internet, Plaque, Patient, Digital technology, News, Research, Partnership, Education, Hong Kong Exchanges and Clearing, Pharmaceutical industry

The official flagship store launched by Hua Medicine on 111 will serve as an official window to showcase the outstanding brand image of Hua Medicine and an important platform for Hua Medicine to better serve both patients and doctors.

Key Points: 
  • The official flagship store launched by Hua Medicine on 111 will serve as an official window to showcase the outstanding brand image of Hua Medicine and an important platform for Hua Medicine to better serve both patients and doctors.
  • The official flagship store will provide patients with Hua Medicine's innovative treatment concepts, carry out patient education on drug safety and other topics, and release the latest news from Hua Medicine.
  • At the same time, it also marks a key milestone for 111 and Hua Medicine in the exploration of online cooperation.
  • In the future, Hua Medicine will continue to explore partnership opportunities with Internet channels to benefit more diabetic patients."

SNDL Completes Acquisition of The Valens Company

Retrieved on: 
Tuesday, January 17, 2023
Toronto Stock Exchange, AB, Drink, EBITDA, Transaction, TSX, Stikeman Elliott, Communication, Rationalization, Organization, Telecommunication, History, LLP, SEDAR, Acquisition, Dominoes, Biomass, Hong Kong Exchanges and Clearing, Letter, Canada Business Corporations Act, Consideration, Security (finance), Oil, Retail, Renewable energy, Bank, Management, Cannabis, Valens

CALGARY, AB, Jan. 17, 2023 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL" the "Company") is pleased to announce the completion of the previously disclosed acquisition of all of the issued and outstanding common shares ("Valens Shares") of The Valens Company Inc. (TSX: VLNS) (Nasdaq: VLNS) ("Valens"), other than those held by SNDL and its subsidiaries, pursuant to a plan of arrangement under the Canada Business Corporations Act (the "Transaction"), for total consideration of approximately $138 million2 consisting of common shares of SNDL ("SNDL Shares") and assumption of Valens' $60 million non-revolving term loan facility.

Key Points: 
  • CALGARY, AB, Jan. 17, 2023 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL" the "Company") is pleased to announce the completion of the previously disclosed acquisition of all of the issued and outstanding common shares ("Valens Shares") of The Valens Company Inc. (TSX: VLNS) (Nasdaq: VLNS) ("Valens"), other than those held by SNDL and its subsidiaries, pursuant to a plan of arrangement under the Canada Business Corporations Act (the "Transaction"), for total consideration of approximately $138 million2 consisting of common shares of SNDL ("SNDL Shares") and assumption of Valens' $60 million non-revolving term loan facility.
  • Valens Shareholders to participate in and help create the future of SNDL: Valens Shareholders are to receive SNDL common shares in an all-stock transaction.
  • Pursuant to the Transaction, former holders of Valens Shares ("Valens Shareholders"), received from SNDL, in exchange for each Valens Share held, 0.3334 of a common share (each whole share, a "SNDL Share") of SNDL (the "Consideration").
  • Following the closing of the Transaction, there are 260.7 million SNDL Shares outstanding, with existing SNDL Shareholders holding approximately 89.4% of such outstanding SNDL Shares and former Valens Shareholders holding approximately 10.6% of such outstanding SNDL Shares.

Ardmore Shipping Appoints a New Director to the Company's Board

Retrieved on: 
Monday, January 9, 2023
Ardmore, HKEX, University of London, Advisory board, Orient, Hong Kong Exchanges and Clearing, NYSE, ASC, University, Bain & Company, African studies, School, Renaissance Capital (Russian company), International, Management

HAMILTON, Bermuda, Jan. 9, 2023 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced the appointment of Mr. James Fok to the Company's Board of Directors as a Class III director, and he is expected to serve on the audit and nominating committees.

Key Points: 
  • HAMILTON, Bermuda, Jan. 9, 2023 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore" or the "Company") today announced the appointment of Mr. James Fok to the Company's Board of Directors as a Class III director, and he is expected to serve on the audit and nominating committees.
  • James Fok has more than 20 years of experience as a financial and strategic advisor to corporations and governments, with particular expertise in Asian cross-border capital markets transactions and mechanisms.
  • From 2012 until 2021, he served as a senior executive at Hong Kong Exchanges and Clearing (HKEX), playing a major role in a number of landmark capital markets internationalization initiatives.
  • Previously, Mr. Fok served as an investment banker at multiple bulge bracket firms in both Europe and Asia, focusing on the financial services sector.