Bank of China

Melco Announces Extension of Maturity Date of Revolving Credit Facilities

Retrieved on: 
Monday, April 8, 2024
Annual report, Rate, COVID-19, Bank, Bank of China, MCO, Credit, Restatement, Security (finance)

MACAU, April 08, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner, and operator of integrated resort facilities in Asia and Europe, today announces that the maturity date of its HK$14.85 billion (equivalent to US$1.92 billion) revolving credit facility (the “2020 Credit Facilities”) has been extended from April 29, 2025 to April 29, 2027.

Key Points: 
  • MACAU, April 08, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner, and operator of integrated resort facilities in Asia and Europe, today announces that the maturity date of its HK$14.85 billion (equivalent to US$1.92 billion) revolving credit facility (the “2020 Credit Facilities”) has been extended from April 29, 2025 to April 29, 2027.
  • The extension was made pursuant to a second amended and restated facility agreement dated April 8, 2024 (the “2024 Amendment and Restatement Agreement”).
  • Key terms such as facility size, pricing and financial covenants remain unchanged.
  • In connection with the 2024 Amendment and Restatement Agreement, MCO Nominee One agreed to pay a customary fee to the consenting lenders.

Ant Group Launches Partnership on International Consumer Friendly Zones Program in China, Partnering With Global E-wallets, Card Organizations

Retrieved on: 
Monday, April 8, 2024
Electronic Commerce, Technology, Digital Cash Management, Digital Assets, Apps, Applications, Mobile, Wireless, Other Travel, Payments, Retail, Transportation, Fintech, Travel, Small Business, Marketing, Finance, Communications, Banking, Professional Services, Other Technology, Telecommunications, Internet, Online Retail, TrueMoney, JCB, Mastercard, Visa, Diners Club International, Bank, Ant Group, Bank of China, City, IBM Consulting, Tourism, Commerce, State bank, KakaoPay, Multimedia, Lakson Group, Online shopping

Ant Group, along with 11 overseas payment partners of Alipay+ and major international card organizations, launched in Beijing a nationwide Program to build International Consumer Friendly Zones across major Chinese tourist and commercial cities, with the support of relevant authorities and local governments.

Key Points: 
  • Ant Group, along with 11 overseas payment partners of Alipay+ and major international card organizations, launched in Beijing a nationwide Program to build International Consumer Friendly Zones across major Chinese tourist and commercial cities, with the support of relevant authorities and local governments.
  • Working with local merchants, tourism sites and commercial districts, the Program aims to enhance international visitors' experience and drive business for local merchants.
  • As part of the International Consumer Friendly Zones program, Ant Group will collaborate closely with partners to significantly enhance accessibility and convenience of the two mobile payment options for international visitors.
  • Jake Xue, General Manager, Global Business Services, Ant Group, said, “Seamless payment and consumer experience is critical for international travel as well as for broader cultural and economic exchange.

A longer Visa-free list signifies how China's gate is opening wider

Retrieved on: 
Thursday, February 29, 2024
Bank of China, Singaporeans, The Spring Festival, Entrepreneurship, Education, Bank, Tourism, Lunar New Year, Spring Festival, Organization, Policy, Chinese New Year, Travel

Netizens commented that the people of China and Malaysia are "switching celebration venues" by spending the holiday in each other's countries.

Key Points: 
  • Netizens commented that the people of China and Malaysia are "switching celebration venues" by spending the holiday in each other's countries.
  • Since last year, China has implemented a visa-free policy for France, Germany, Italy, the Netherlands and Spain, and reached mutual visa exemption agreements with Malaysia, Singapore and Thailand.
  • A longer list of unilateral visa-free and mutual visa exemption countries proves that China is opening its gate wider and wider.
  • Visa-free policies as the first step in deepening friendly exchanges and reciprocal collaborations have drawn China and other countries nearer.

Shanghai FTZ to speed up data flow, cooperation

Retrieved on: 
Tuesday, February 20, 2024
Bank of China, PBOC, Blockchain, FTZ, Central China, Bank, News, State Council, Pudong, Commerce, Classification, Certification, Drug

To better conduct the general plan, the Shanghai FTZ will set up a unified system for cross-border data exchange, featuring higher compatibility and interoperability.

Key Points: 
  • To better conduct the general plan, the Shanghai FTZ will set up a unified system for cross-border data exchange, featuring higher compatibility and interoperability.
  • Yang Chao, deputy director of the administrative committee of the Shanghai FTZ, said major breakthroughs should be made at the Shanghai FTZ, with the introduction of catalogs for key data as one important mission.
  • Lin-gang Special Area, the part of the Shanghai FTZ included in 2019, is expected to roll out its first batch of general data lists and key data catalogs in March, said Zhao Yihuai, deputy director of Lin-gang's administration.
  • By giving full play to local data industrial parks, key industrial clusters of data outsourcing, international cloud services and data compliance should be part of Lin-gang.

The 17th Asian Financial Forum concludes successfully

Retrieved on: 
Thursday, January 25, 2024
Diamond, AFF, Fireside chats, Dragon, University, Animoca Brands, Global Spectrum, Economics, Panel discussion, Fireside, CT Corp, UBS, Agreement, Forum, HKSAR, Policy, China International Capital Corporation, Standard Chartered, Business development, New Chapter, HKTDC, Entrepreneurship, Bank of China, Microsoft, Financial services, Investment, International, HSBC, Bank Mandiri, CICC, Finance, Path, Cyberport, Web 3.0, Empowerment, Bridgewater Associates, Bank, Treasury, Memorandum, PwC, Double taxation, Renewable energy

HONG KONG, Jan 25, 2024 - (ACN Newswire) - The 17th Asian Financial Forum (AFF), jointly organised by the Hong Kong Special Administrative Region (HKSAR) Government and Hong Kong Trade Development Council (HKTDC), successfully concluded today, attracting over 3,600 financial and business elites from more than 50 countries and regions, including over 70 overseas and Mainland China delegations.

Key Points: 
  • HONG KONG, Jan 25, 2024 - (ACN Newswire) - The 17th Asian Financial Forum (AFF), jointly organised by the Hong Kong Special Administrative Region (HKSAR) Government and Hong Kong Trade Development Council (HKTDC), successfully concluded today, attracting over 3,600 financial and business elites from more than 50 countries and regions, including over 70 overseas and Mainland China delegations.
  • In just two days, the Forum arranged over 700 one-on-one meetings, successfully connecting investors with project owners and exploring opportunities for industry and investment cooperation.
  • Over the two-day physical event, the AFF brought together more than 140 policymakers, international financial and multilateral organisation representatives, financial institutions and corporate leaders from around the world as speakers.
  • These experiences allowed forum guests to feel at home and appreciate the vibrancy and diversity of Hong Kong.

Decades of internationalization pays off as UnionPay recognized across world

Retrieved on: 
Thursday, January 18, 2024
Nielsen, Bank of China, Canton Fair, Meituan, Bank, POS, School, Industrialisation, DFS, Ecosystem, QR, UnionPay, Transport, Belt, Payment card

Since the first UnionPay transaction landed in Hong Kong, UnionPay cards have been accepted in 183 countries and regions around the world, among which 99 countries and regions support UnionPay mobile payment products.

Key Points: 
  • Since the first UnionPay transaction landed in Hong Kong, UnionPay cards have been accepted in 183 countries and regions around the world, among which 99 countries and regions support UnionPay mobile payment products.
  • Connected to the UnionPay app Network Payment Platform, commercial bank apps can also directly use UnionPay QR codes in overseas acceptance scenarios.
  • This marked the localization of UnionPay International business and the starting point for exploring payment services for residents around the world.
  • Subsequently, UnionPay International has innovated cooperation models, supporting overseas wallets to bind UnionPay cards or issue UnionPay virtual cards within their apps.

Decades of internationalization pays off as UnionPay recognized across world

Retrieved on: 
Thursday, January 18, 2024
Nielsen, Bank of China, Canton Fair, Meituan, Multimedia, Bank, POS, School, Industrialisation, DFS, Ecosystem, QR, UnionPay, Transport, Belt, Payment card

Since the first UnionPay transaction landed in Hong Kong, UnionPay cards have been accepted in 183 countries and regions around the world, among which 99 countries and regions support UnionPay mobile payment products.

Key Points: 
  • Since the first UnionPay transaction landed in Hong Kong, UnionPay cards have been accepted in 183 countries and regions around the world, among which 99 countries and regions support UnionPay mobile payment products.
  • Connected to the UnionPay app Network Payment Platform, commercial bank apps can also directly use UnionPay QR codes in overseas acceptance scenarios.
  • This marked the localization of UnionPay International business and the starting point for exploring payment services for residents around the world.
  • Subsequently, UnionPay International has innovated cooperation models, supporting overseas wallets to bind UnionPay cards or issue UnionPay virtual cards within their apps.

Fans Celebrate Return of ATP Tour Tournament on Opening Day of Main Draw at Bank of China Hong Kong Tennis Open

Retrieved on: 
Tuesday, January 2, 2024
Tennis, Sports, Destinations, Travel, Celebrity, Events, Concerts, Tourist Attractions, Entertainment, Star, Family, Bank, Karen Khachanov, Multimedia, Seed, Chinese Tennis Association, ATP Tour, Taste, Tourism, Taro Daniel, Sport, Dutchman, ATP, Culture, Destination marketing organization, Centre Court, Tournament, Bank of China, Botic van de Zandschulp, Doubles, Child

The fans turned out en masse to welcome the return of ATP Tour tennis to Hong Kong for the first time in decades at the Bank of China Hong Kong Tennis Open 2024 with opening day tickets to the Victoria Park Tennis Stadium all sold out by the early afternoon.

Key Points: 
  • The fans turned out en masse to welcome the return of ATP Tour tennis to Hong Kong for the first time in decades at the Bank of China Hong Kong Tennis Open 2024 with opening day tickets to the Victoria Park Tennis Stadium all sold out by the early afternoon.
  • “In terms of ranking and feeling both it is the best win of my careers so far,” said Shang post-match.
  • They and other stars of the Bank of China Hong Kong Tennis Open 2024 will be providing fireworks of their own this week at Victoria Park Tennis Stadium (31/12 – 1/7).
  • Doubles delight: A resoundingly successful opening day of the Bank of China Hong Kong Tennis Open 2024 finished with an entertaining doubles match featuring tournament top seeds World No.5 Andrey Rublev and World No.

Global leaders and Nobel laureate attend AFF 2024

Retrieved on: 
Tuesday, December 19, 2023
Diamond, Knowledge, Convention center, Standard Chartered, New Chapter, Economics, AFF, Communication, Risk management, Economic development, Fireside, Fintech, Business, Sustainable development, Forum, HKTDC, Multilateralism, HKSAR, University, Appetite, Poverty, UBS, Human, UN, Cyberport, GBA, Travel, CICC, HKCEC, Alexander S. Onassis Foundation, Blue Planet Prize, Food technology, Insurance, Federal Reserve, China International Capital Corporation, American Finance Association, Environment, Policy, Bank, Fireside chats, HSBC, Sustainable Development Solutions Network, Bank of China, Public affairs, United Nations, Property management

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.

Key Points: 
  • 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.
  • AFF aims to bring together influential speakers and thought leaders from across the globe to facilitate exchanges between nations and regions.
  • 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.
  • 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.

Taulia Adds Bank of China and BNP Paribas to Its Funder Network

Retrieved on: 
Tuesday, December 5, 2023
Professional Services, Payments, Technology, Finance, Asset Management, Fintech, Banking, Bank of China, Bank, SAP, MultiFunding, BNP Paribas, Partnership, Growth, Supply chain finance, Financial services, Cryptocurrency, Taulia

Taulia, a leading provider of working capital management solutions, today announced it has added the Bank of China London Branch, and BNP Paribas to its global multi-funder network.

Key Points: 
  • Taulia, a leading provider of working capital management solutions, today announced it has added the Bank of China London Branch, and BNP Paribas to its global multi-funder network.
  • Combined with the right technology, it also enables businesses to hedge against liquidity risk, particularly during periods of economic uncertainty.
  • Cedric Bru, CEO, Taulia, comments: “Adding Bank of China and BNP Paribas to the Taulia multi-funder network is an enormous achievement, and we are delighted to work with them.
  • By teaming up with Taulia, we are positioning ourselves as leaders in offering modern and efficient solutions that will facilitate corporates and growth in trade.