Mainland China

Global Blue Releases the Monthly Tax Free Shopping Business Update for September 2023

Retrieved on: 
Friday, October 6, 2023
Apps, Applications, Technology, Payments, Other Retail, Banking, Other Technology, Professional Services, Software, Data Management, Retail, Gulf Cooperation Council, Tax-free shopping, Travel, Eid, Global Blue, Tourism, Airline, Mainland China

Fresh data from Global Blue reveals that the global dynamic recovery for Tax Free Shopping has gained momentum across Continental Europe and Asia Pacific.

Key Points: 
  • Fresh data from Global Blue reveals that the global dynamic recovery for Tax Free Shopping has gained momentum across Continental Europe and Asia Pacific.
  • In Continental Europe, the recovery remained solid, returning to the pre-summer dynamic levels at 1251% in September vs. 116%1 in July/August.
  • Excluding Mainland Chinese and Russian shoppers, the recovery would have reached 164%1 in September vs. 154%1 in July/August.
  • In terms of origin markets, US residents maintain a strong level of recovery, reaching 258%1 in September vs. 258%1 in July/August.

AffaMed Technologies Announces Licensing of EVOLUX®- a novel extended monofocal intraocular lens (IOL) designed to provide better intermediate vision and equivalent distance vision when compared to a standard monofocal IOL

Retrieved on: 
Tuesday, October 10, 2023
Partnership, Walking, MINI, EDOF, Intraocular lens, Cooking, Safety, Greater, Therapy, Astigmatism, Approximation error, Marketing, Policy, Presbyopia, Patient, Reading, Automotive industry, Telescopic sight, Medical device, Steel mill, Mainland China, IOL

BEIJING, Oct. 10, 2023 /PRNewswire/ -- AffaMed Technologies ("AffaMed"), a joint venture established between AffaMed Therapeutics and SIFI S.p.A. ("SIFI"), today announced it has entered into a licensing agreement with SIFI under which AffaMed has obtained the exclusive rights to manufacture, develop and commercialize EVOLUX®, a novel extended monofocal intraocular lens (IOL), in Greater China. During a signing ceremony held in Beijing, the CEOs of AffaMed Therapeutics and SIFI celebrated this important expansion of AffaMed's portfolio of innovative premium IOLs for the Greater China market, and the strong progress achieved by their joint venture since its inception in April 2021.

Key Points: 
  • EVOLUX® is a novel extended monofocal intraocular lens (IOL), based on a hydrophobic material and a non-diffractive profile, designed to provide better intermediate vision and equivalent distance vision when compared to a standard monofocal IOL.
  • The applied optical technology provides an improved intermediate vision maintaining a well-performing distance vision, very low pupil dependency at far and intermediate distances, and similar image contrast with different pupil dimensions.
  • In this way, the new extended monofocal IOL Evolux can help patients with their everyday activities, making everyday life easier.
  • Choosing a monofocal IOL improving intermediate vision means helping patients with their everyday activities and making their life easier.

Autonomous Vehicle Reality Check: Widespread Adoption Remains at Least a Decade Away, according to S&P Global Mobility

Retrieved on: 
Monday, September 25, 2023
Viscount Gage, Level 2, Robotaxi, Human, Carlson, Mercedes-Benz, Optimism, Classification, L2, Level 4, California Public Utilities Commission, Maas, SAE J3016, Level 3, S, Publishing, Risk, Apolong, City, Supercruise, WeRide, General Motors, Safety, Automation, Software, Transport, Renewable energy, Mobile phone, Road, Mainland China, L3

SOUTHFIELD, Mich., Sept. 25, 2023 /PRNewswire/ -- A world of self-driving vehicles and mobility-on-demand is likely to exist eventually, but for the next decade, widespread implementation of autonomous technology will not be realized, according to a new forecast from S&P Global Mobility. The report reflects findings from robust model-level forecasting that autonomous vehicle expectations have not been fulfilled and still face more headwinds – affording significant opportunity and scale to automated driving implementations in the interim.

Key Points: 
  • Now, S&P Global Mobility presents a more realistic outlook amid this moderated pace of progress while also publishing new data on the intersection of autonomy and mobility-as-a-service (MaaS).
  • "Their functionality also complements driving today rather than fully replacing the driver, making consumer adoption less of a challenge.
  • But S&P Global Mobility forecasters do not expect that to become widespread and broadly accessible within the next decade.
  • Automakers, suppliers, technology companies and mobility providers alike, however, remain committed to a future of safe and equitable autonomous mobility, even if it takes more time to get there.

Hainan launches RMB 5 billion offshore bonds in Hong Kong

Retrieved on: 
Thursday, September 14, 2023
Mainland China, Education, Hong Kong Stock Exchange, Policy, Sale, RMB, Biodiversity, Environmental monitoring, US, Cryptocurrency

China's southernmost province Hainan issued offshore bonds (also known as Dim Sum Bonds) worth 5 billion yuan (US$686 million) in the Hong Kong SAR on September 13, which are listed on the Hong Kong Stock Exchange.

Key Points: 
  • China's southernmost province Hainan issued offshore bonds (also known as Dim Sum Bonds) worth 5 billion yuan (US$686 million) in the Hong Kong SAR on September 13, which are listed on the Hong Kong Stock Exchange.
  • Certified by the Hong Kong Quality Assurance Agency, the new Hainan bonds include 3 billion yuan in two-year bonds for sustainable development with a coupon rate of 2.45%, 1 billion yuan in three-year 'green' bonds focusing on biodiversity with a coupon rate of 2.53%, and 1 billion yuan in five-year 'blue' bonds labeled for ocean-related projects with a coupon rate of 2.70%.
  • Settlement of allocated bonds will be handled via the Hainan Free Trade (FT) accounts, a convertible accounting system with RMB as its base currency.
  • This is the second time for the Hainan government to issue offshore bonds in Hong Kong following last year's successful issuance of 'blue' bonds and sustainable development bonds.

EAI Signs Agreement on AI Education Cooperation with Lenovo Hong Kong

Retrieved on: 
Wednesday, September 13, 2023
Learning, Expert system, Lenovo, STEAM, EAI, Education, Information technology, Stanford University, All, Teaching, Curriculum, Research, Creativity, School, Student, HKEX, Stanford University centers and institutes, Artificial intelligence, Tutoring, Medical device, Mainland China, AI

Fan Ho, General Manager (Hong Kong and Macau) of Lenovo Hong Kong and Mr. Jonathan Cheng, Head of Strategy and Sales (Hong Kong and Macau) of Lenovo Hong Kong

Key Points: 
  • Fan Ho, General Manager (Hong Kong and Macau) of Lenovo Hong Kong and Mr. Jonathan Cheng, Head of Strategy and Sales (Hong Kong and Macau) of Lenovo Hong Kong
    EAI has established a cooperation plan with Lenovo Hong Kong whereby it will become its partner in an AI education plan, under which both parties will jointly launch a series of AI laboratory equipment
    and related courses specifically designed for primary and secondary schools.
  • The cooperation arrangement includes co-marketing with Lenovo Hong Kong of a series of AI laboratory equipment and related courses, which will be sold to primary and secondary schools through Lenovo Hong Kong.
  • With the widespread use of AI in various fields and sectors, the Hong Kong government has explicitly expressed support to schools to promote AI education.
  • The education sector has been vigorously promoting STEAM education, and the widespread promotion and popularization of AI education have become imperative.

LIB Therapeutics and Hasten Biopharmaceutical Company Announce $325 Million Strategic Collaboration to Develop and Commercialize Lerodalcibep in Greater China

Retrieved on: 
Tuesday, September 12, 2023
Research, FDA, Clinical Trials, Cardiology, Other Health, Biotechnology, Managed Care, Pharmaceutical, Health, Science, Mainland China, Week, Cardiovascular disease, FH, CVD, European Society of Cardiology, Placebo, Patient, PCSK9, LIB, ESC, Conference, Therapy, Pharmaceutical industry

LIB Therapeutics Inc. (“LIB”) and Hasten Biopharmaceutical Co., Ltd. (“Hasten”), today announce that the companies have entered into an agreement granting Hasten the rights to develop and commercialize lerodalcibep in Greater China (Chinese Mainland, Hong Kong, Macau and Taiwan).

Key Points: 
  • LIB Therapeutics Inc. (“LIB”) and Hasten Biopharmaceutical Co., Ltd. (“Hasten”), today announce that the companies have entered into an agreement granting Hasten the rights to develop and commercialize lerodalcibep in Greater China (Chinese Mainland, Hong Kong, Macau and Taiwan).
  • LIB is a late-stage, biopharmaceutical company developing lerodalcibep for patients at very high and high-risk of cardiovascular disease (CVD).
  • We look forward to working with LIB to bring lerodalcibep to patients in Greater China as soon as possible.”
    Under the terms of the agreement, LIB has granted Hasten the exclusive rights to develop and commercialize lerodalcibep in Greater China.
  • A joint steering committee will be established to ensure alignment of lerodalcibep’s development in Greater China with LIB’s overall global development and commercialization strategy.

Nissin Foods Announces 2023 Interim Results, Net Profit Increases by 6.4% to HK$171.7 Million

Retrieved on: 
Wednesday, August 30, 2023
Supermarket, Cup noodle, Acquisition, Collection, Nissin Foods, Restaurant, Coffee, Cup Noodles, Relaxation, Retail, Mainland China

Gross profit grew by 1.9% to HK$658.3 million, boosting gross profit margin by 2.7 percentage points to 34.1% in 2023 from 31.4% (restated) in 2022.

Key Points: 
  • Gross profit grew by 1.9% to HK$658.3 million, boosting gross profit margin by 2.7 percentage points to 34.1% in 2023 from 31.4% (restated) in 2022.
  • Profit attributable to owners of the Company increased by 6.4% year-on-year to HK$171.7 million, improving the net profit margin from 7.9% to 8.9%.
  • The financial position of the Group remained healthy, with net cash of approximately HK$1,138.0 million and HK$820.0 million in available banking facilities as at 30 June 2023.
  • Meanwhile, for Mainland China operations, revenue of HK$1,177.8 million was recorded for the reporting period, and its segment results amounted to HK$160.6 million.

Recent Milestones for ICONSIAM's Small Businesses Show Community Support Key for Post-Pandemic Recovery

Retrieved on: 
Monday, August 28, 2023
Social responsibility, Advertising, Small business, Chao Phraya River, Marketing, Culture, ICONSIAM, Charoen Pokphand, S&P Global, GDP, Yoy, Growth, Coffee, Financial management, Environment, Tourism, Mainland China

NEW YORK and BANGKOK, Aug. 28, 2023 /PRNewswire/ -- ICONSIAM, a global landmark along the Chao Phraya River in Thailand and a joint venture of the Siam Piwat Group, Charoen Pokphand Group, and Magnolia Quality Development Corporation, is announcing significant year-on-year growth in foot traffic and sales in early 2023, particularly in SOOKSIAM, its dedicated business zone for Thai-owned small businesses.

Key Points: 
  • As further evidence of recovery, for Q1 2023, there was 94% YoY growth in ICONSIAM's foot traffic, and SOOKSIAM's sales grew by 313%.
  • Upon opening in 2018, ICONSIAM dedicated 30% of its space to Thai-owned small businesses.
  • The company also provides an abundance of resources and engaged support, including for marketing, advertising, public relations, branding, and financial management.
  • These success stories include:
    Loong Ngern from Chiang Mai, founder of Clay-Pot Coffee: Opened franchises in various countries, including Mainland China, Indonesia and Malaysia

HKTDC Food Expo and concurrent events reflect spending power

Retrieved on: 
Monday, August 21, 2023
Travel, HKTDC Food Expo, Technological and Higher Education Institute of Hong Kong, Commercial, Katowice Trade Hall roof collapse, Wellness, Beauty, Inheritance, F&B, Innovation, Research, Appetite, Bandaranaike Memorial International Conference Hall, HKTDC, Hong Kong Trade Development Council Trade Fairs, Food court, Traditional Chinese medicine, Conference, Exhibition, Health Products and Food Branch, COVID-19, Business, Government, US, Saudi Authority for Industrial Cities and Technology Zones, Expo, Food, Food science, Video game, Tourism, Film industry, Teahouse, ASEAN, Mainland China

Organised by the Hong Kong Trade Development Council (HKTDC), the Food Expo, Beauty & Wellness Expo, and Home Delights Expo concluded on a high note today.

Key Points: 
  • Organised by the Hong Kong Trade Development Council (HKTDC), the Food Expo, Beauty & Wellness Expo, and Home Delights Expo concluded on a high note today.
  • Food tasting returned at the Expo following a ban during COVID-19, the Food Expo and concurrent fairs became festive public events attracting both local families and visitors.
  • The newly rebranded Food Expo PRO, previously known as the Trade Hall, was held for the first time since travel links returned to normal.
  • Sophia Chong, HKTDC Deputy Executive Director, said: "This year's Food Expo and the concurrent events have been truly exciting and bustling, with the number of visitors and exhibitors' sales showing positive signs, underlining strong public demand and appetite for food shopping.

GBA Business Confidence Index eases to the 50 neutral mark

Retrieved on: 
Monday, July 3, 2023
Mainland China, Professional services, Financial services, GBA, Standard Chartered, Innovation, Standard, Index, HKTDC, Hong Kong Trade Development Council, City, Research, Greater China, Creative industries, Q2

HONG KONG, July 3, 2023 - (ACN Newswire) - Standard Chartered and the Hong Kong Trade Development Council (HKTDC) today released the Standard Chartered GBA Business Confidence Index (GBAI) for the second quarter of this year.

Key Points: 
  • HONG KONG, July 3, 2023 - (ACN Newswire) - Standard Chartered and the Hong Kong Trade Development Council (HKTDC) today released the Standard Chartered GBA Business Confidence Index (GBAI) for the second quarter of this year.
  • The current performance of "business confidence" eased to the 50 neutral mark while the expectations index remained in the expansionary territory (58.7), the second-highest reading in two years.
  • The headline expectations index for credit also remained expansionary at 51.6, reflecting sanguine underlying growth expectations among companies in the region.
  • - Standard Chartered GBA Business Confidence Index Report: https://www.sc.com/hk/gba/gba-index-report/