Mainland China

Emerging markets are thriving amid a slow global IPO market

Retrieved on: 
Thursday, June 29, 2023
SPAC, Human, IPO, EMEIA, YOY, Sale, Acquisition, Initial public offering, Growth, YTD, Environment, SIX Swiss Exchange, SME, Roman Catholic Diocese of La Crosse, Security (finance), Mainland China

Larger deals came to the market in Q2 compared to Q1, even though it has been a slow recovery.

Key Points: 
  • Larger deals came to the market in Q2 compared to Q1, even though it has been a slow recovery.
  • However, some emerging markets are booming with IPO activities, as they benefited from the global demand for rich mineral resources, their vast population, growing unicorns and entrepreneurial small- and medium-sized enterprises (SMEs).
  • These and other findings are available in the EY Global IPO Trends Q2 2023 .
  • YTD, the Asia-Pacific IPO market has maintained its position as the global leader in IPO volume and value, with an approximate 60% share.

Fosun International Included in S&P Global's Sustainability Yearbook 2023 (China Edition) and Recognized as Industry Mover

Retrieved on: 
Wednesday, June 28, 2023
Carbon, Occupational safety and health, Paris Agreement, ABC Family Worldwide, Management, Temperature, Launch, TCFD, Human rights, ESG, Policy, Environment, Paris, Welfare, Culture, Risk management, Business ethics, GRI, United, UN, Climate, Global Compact, Environmental policy, S&P Global, Yearbook, Information, Task force, HKEX, Climate change, Sustainability, Macau, Task Force on Climate Related Financial Disclosures, United Nations, Mainland China, Education, Operational definition, CSA, Carbon neutrality, IDD, United Nations Global Compact, Innovation management, Health, Fertilizer, Renewable energy, Fosun International, Materiality

Based on S&P Global's Corporate Sustainability Assessment (CSA), Fosun International Limited (HKEX stock code: 00656, "Fosun International") was successfully included in S&P Global's Sustainability Yearbook 2023 (China Edition) and was recognized as an "Industry Mover" for its continuous efforts in environmental, social and governance (ESG) over the years.

Key Points: 
  • Based on S&P Global's Corporate Sustainability Assessment (CSA), Fosun International Limited (HKEX stock code: 00656, "Fosun International") was successfully included in S&P Global's Sustainability Yearbook 2023 (China Edition) and was recognized as an "Industry Mover" for its continuous efforts in environmental, social and governance (ESG) over the years.
  • As of 17 March 2023, nearly 1,600 companies assessed for the 2022 CSA were considered for inclusion in the S&P Global's Sustainability Yearbook 2023 (China Edition).
  • Among these companies, S&P Global identified the top performing companies in each industry, and excluded some companies according to the established rules.
  • In addition to being included in the Sustainability Yearbook (China Edition) by S&P Global, Fosun International was recognized as an Industry Mover by S&P Global for its active participation in this year's and last year's CSA, achieving a S&P Global ESG score in the top 15% of its industry (i.e.

HKTDC Food Expo PRO and Hong Kong International Tea Fair to be Staged Together in August

Retrieved on: 
Tuesday, June 27, 2023
Online Retail, Destinations, Vacation, Travel, Specialty, Events, Concerts, Food, Beverage, Entertainment, Tourist Attractions, Retail, Other Travel, Convention center, B2B, F&B, HKTDC Food Expo, Multimedia, Element, Food packaging, Bandaranaike Memorial International Conference Hall, HKTDC, Restaurant, Hong Kong Trade Development Council Trade Fairs, Tea, Conference, Teahouse, Mainland China

Organised by the Hong Kong Trade Development Council (HKTDC), Food Expo PRO and Hong Kong International Tea Fair will be staged together from 17 to 19 August 2023 at the Hong Kong Convention and Exhibition Centre.

Key Points: 
  • Organised by the Hong Kong Trade Development Council (HKTDC), Food Expo PRO and Hong Kong International Tea Fair will be staged together from 17 to 19 August 2023 at the Hong Kong Convention and Exhibition Centre.
  • View the full release here: https://www.businesswire.com/news/home/20230626136519/en/
    HKTDC Food Expo PRO and Hong Kong International Tea Fair to be staged together in August (Photo: Business Wire)
    This year, the Food Expo Trade Hall will transform into Food Expo PRO and will focus on and further deepen the B2B elements, with a view to providing a one-stop professional business platform to help F&B industry players explore opportunities and build connections.
  • Other product categories include food & beverage products, food packaging, labeling & logistic service, food processing products, machinery, and Halal food and beverage products.
  • The concurrent Hong Kong International Tea Fair brings together a wide variety of products including tea and tea-related products, tea packaging, tea ware and tea technology.

“Hong Kong International Dragon Boat Races” Returned to Victoria Harbour

Retrieved on: 
Monday, June 26, 2023
Tourist Attractions, Sports, Destinations, Other Sports, Travel, FRIENDS, Mainland China, Tsim Sha Tsui East Waterfront Podium Garden, Hong Kong Tourism Board, Hong Kong Institute of Certified Public Accountants, Harbor, Costume, Toronto International Dragon Boat Race Festival, LINE, Certified Public Accountant, Janice Man, Victoria Harbour, Multimedia, Photograph, HKTB, Athlete, Tsim Sha Tsui, Avenue, Film industry, Nightclub

The “Hong Kong International Dragon Boat Races”, jointly organised by the Hong Kong Tourism Board (HKTB) and the Hong Kong China Dragon Boat Association (HKCDBA), was held in success on 24 and 25 June.

Key Points: 
  • The “Hong Kong International Dragon Boat Races”, jointly organised by the Hong Kong Tourism Board (HKTB) and the Hong Kong China Dragon Boat Association (HKCDBA), was held in success on 24 and 25 June.
  • The tournaments also attracted visitors to gather alongside the Victoria Harbourfront, where they enjoyed the races and cheered for the athletes.
  • View the full release here: https://www.businesswire.com/news/home/20230626883958/en/
    More than 160 teams of about 4,000 dragon boat athletes from ten countries and regions participate in the Hong Kong International Dragon Boat Races to compete for 17 titles in the Victoria Harbour.
  • What’s more, the time-limited LINE FRIENDS Hello Hong Kong Dargon Boats Photo Spots were brought to the Avenue of Stars in Tsim Sha Tsui together with the LINE FRIENDS Dragon Boat-themed POP-UP STORE.

Ctrip Reveals Increase in Outbound Travel Bookings for Chinese Mainland Dragon Boat Festival Holiday

Retrieved on: 
Monday, June 26, 2023
Terracotta, Radius, Dragon Boat Festival, Mainland China, Mainland, RMB, Tourism

SHANGHAI, June 26, 2023 /PRNewswire/ -- Ctrip platform, owned by leading travel service provider Trip.com Group, recently released their Chinese mainland outbound and domestic Dragon Boat Festival trends, with outbound booking for the festival increasing more than 12 times year-over-year.

Key Points: 
  • SHANGHAI, June 26, 2023 /PRNewswire/ -- Ctrip platform, owned by leading travel service provider Trip.com Group, recently released their Chinese mainland outbound and domestic Dragon Boat Festival trends, with outbound booking for the festival increasing more than 12 times year-over-year.
  • Notably, the average cost of outbound travel reduced for a one-way air ticket by 6%, compared to the May Day holiday.
  • The primary groups engaged in outbound travel from Mainland China were individuals born in the post-80s (37%) and post-90s (36%) generations who preferred leisurely holidays.
  • The Dragon Boat Festival is a brief national holiday in the Chinese mainland, prompting many individuals to spend less time travelling domestically and more time relishing their vacation through various activities.

Fosun International Receives 11 Awards Including Most Honored Company 2023 from Institutional Investor

Retrieved on: 
Monday, June 26, 2023
Social responsibility, State-owned Assets Supervision and Administration Commission of the State Council, Educational Strategy for Developing Societies, Communication, State, IR, Mainland China, Education, SASAC, Culture, All-China Federation of Industry and Commerce, Central China, BlackRock, University of the Chinese Academy of Sciences, Social science, J.P. Morgan & Co., Research, Attention, CICC, CFOS, Economics, GF Securities, State Council, Small, Club Med, FTG, Biophysical environment, UBS, Growth, Jewellery, ESG, Health, ACFIC, Official Secrets Act 1989, CASS, Institutional Investor, Commerce, Cryptocurrency, Management, Fosun International, Social

Hong Kong, June 25, 2023 /PRNewswire/ -- Institutional Investor, an international authoritative financial media published the results of the 2023 Asia Executive Team survey on 21 June.

Key Points: 
  • Hong Kong, June 25, 2023 /PRNewswire/ -- Institutional Investor, an international authoritative financial media published the results of the 2023 Asia Executive Team survey on 21 June.
  • Fosun International (stock code: 00656.HK) received 11 awards including Most Honored Company for its outstanding industry leadership and remarkable achievements in investor relations, which was a significant improvement compared to last year.
  • On 8 June 2023, the 2023 Fosun International Investor Open Day was held in Shanghai.
  • The IR team of Fosun International has maintained frequent and high-quality communication with domestic and foreign investors for a long time.

Ctrip Reveals Increase in Outbound Travel Bookings for Chinese Mainland Dragon Boat Festival Holiday

Retrieved on: 
Monday, June 26, 2023
Terracotta, Radius, Dragon Boat Festival, Mainland China, Mainland, RMB, Tourism

SHANGHAI, June 25, 2023 /PRNewswire/ -- Ctrip platform, owned by leading travel service provider Trip.com Group, recently released their Chinese mainland outbound and domestic Dragon Boat Festival trends, with outbound booking for the festival increasing more than 12 times year-over-year.

Key Points: 
  • SHANGHAI, June 25, 2023 /PRNewswire/ -- Ctrip platform, owned by leading travel service provider Trip.com Group, recently released their Chinese mainland outbound and domestic Dragon Boat Festival trends, with outbound booking for the festival increasing more than 12 times year-over-year.
  • Notably, the average cost of outbound travel reduced for a one-way air ticket by 6%, compared to the May Day holiday.
  • The primary groups engaged in outbound travel from Mainland China were individuals born in the post-80s (37%) and post-90s (36%) generations who preferred leisurely holidays.
  • The Dragon Boat Festival is a brief national holiday in the Chinese mainland, prompting many individuals to spend less time travelling domestically and more time relishing their vacation through various activities.

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

Retrieved on: 
Thursday, June 8, 2023
Professional Services, Retail, Business, Data Analytics, Other Retail, Finance, Fintech, Acceleration, Travel, Global Blue, Gen, Sale (chain store), Tax-free shopping, Calendar, C&C 43-1, Generation Z, Millennials, Growth, Gulf Cooperation Council, Mainland Chinese, NYSE, GB, Jet fuel, Online shopping, Tourism, Mainland China

Fresh data from Global Blue (NYSE:GB) reveals that the overall dynamic recovery for Tax Free Shopping has accelerated across Continental Europe and Asia Pacific.

Key Points: 
  • Fresh data from Global Blue (NYSE:GB) reveals that the overall dynamic recovery for Tax Free Shopping has accelerated across Continental Europe and Asia Pacific.
  • Globally, issued Sales in Store like-for-like recovery has propelled to 118%1 in May vs. 101%1 in Q1 2023 and 106%1 in April.
  • First, the progressive return of Mainland Chinese shoppers in Asia Pacific, and second, the favorable calendar effect linked to Ramadan2 in Continental Europe.
  • In Continental Europe, the recovery remains solid, reaching 121%1 in May compared to 109%1 in Q1 2023 and 110%1 in April.

Futu Announces Plan for App Removal in Mainland China App Stores

Retrieved on: 
Tuesday, May 16, 2023
Mobile phone, Mainland China

HONG KONG, May 16, 2023 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its decision to remove the Futubull app from app stores in Mainland China from May 19, 2023.

Key Points: 
  • HONG KONG, May 16, 2023 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its decision to remove the Futubull app from app stores in Mainland China from May 19, 2023.
  • In response to the Chinese Securities and Regulatory Commission’s (the “CSRC”) rectification requirements on cross-border securities business, Futu will remove the Futubull app from app stores in Mainland China in order to bring its operations into full compliance with such regulatory principle.
  • After the Futubull app is removed from app stores in Mainland China, existing Mainland China clients can still make trades on Futubull, and the relevant services and business will not be affected in any way by the removal.
  • Futu will continue to serve all existing Mainland China clients by offering high-quality products, services and user experience.

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

Retrieved on: 
Thursday, May 11, 2023
Supply Chain Management, Online Retail, Data Management, Retail, Other Retail, Technology, Other Technology, Acceleration, Travel, Global Blue, 2013–14 3. Liga, Tax-free shopping, Calendar, Treatment of South Asian labourers in the Gulf Cooperation Council region, 2021–22 3. Liga, Gulf Cooperation Council, Mainland Chinese, NYSE, GB, Oil, Tourism, Mainland China, COVID-19

New data from Global Blue (NYSE:GB) shows that the overall dynamic recovery for Tax Free Shopping remains strong across Continental Europe and Asia Pacific.

Key Points: 
  • New data from Global Blue (NYSE:GB) shows that the overall dynamic recovery for Tax Free Shopping remains strong across Continental Europe and Asia Pacific.
  • Globally, issued Sales in Store like-for-like recovery remains solid at 106%1 in April vs. 101%1 in Q1 2023.
  • This is despite an unfavorable calendar effect linked to the absence of Gulf Cooperation Council Citizens traveling in April due to Ramadan2.
  • In Continental Europe, the recovery is stable at 110%1 in April compared to 109%1 in Q1 2023.