People's Bank of China

China Power (02380): High-Quality Stock in the Power Sector, with SPIC Continuously Increasing Its Stake to 64.01%

Retrieved on: 
Thursday, January 25, 2024

SPIC is fully optimistic about the future development of China Power.

Key Points: 
  • SPIC is fully optimistic about the future development of China Power.
  • With the support of SIPC, China Power has become a benchmark for the transformation of the power industry.
  • In the future, SPIC may continue to inject its clean energy into its listed platforms, enabling China Power to continue to lead the new energy power industry.
  • For example, in the case of China Power, its major shareholder, SPIC, has responded quickly, reflecting the spirit of responsibility of central state-owned enterprises.

GIP ASEAN Chapter Launched in Jakarta

Retrieved on: 
Thursday, November 30, 2023

JAKARTA, Indonesia, Nov. 30, 2023 /PRNewswire/ -- The Green Investment Principles for the Belt and Road (GIP) expands its reach into Southeast Asia with a new Chapter launched.

Key Points: 
  • JAKARTA, Indonesia, Nov. 30, 2023 /PRNewswire/ -- The Green Investment Principles for the Belt and Road (GIP) expands its reach into Southeast Asia with a new Chapter launched.
  • The ASEAN Chapter is a key part of GIP's vision to form effective local networks to disseminate knowledge and best practices and to help create green investment opportunities in developing economies.
  • This Chapter will contribute to the growth of sustainable finance in ASEAN via knowledge sharing and capacity building," said Ma Jun, co-chair of the GIP Steering Committee and Chairman of China Green Finance Committee.
  • As next steps, the Chapter will create an advisory council, expand GIP membership and facilitate capacity building and green project matching.

Northern Trust Pension Universe Data: Canadian Pension Plans Carve out Positive Q2 Returns Amidst Inflationary Headwinds

Retrieved on: 
Tuesday, August 1, 2023

Canadian Pension plan investment returns concluded the first half of the year in a position of strength, according to the Northern Trust Canada Universe.

Key Points: 
  • Canadian Pension plan investment returns concluded the first half of the year in a position of strength, according to the Northern Trust Canada Universe.
  • The Northern Trust Canada universe tracks the performance of Canadian institutional defined benefit plans that subscribe to performance measurement services as part of Northern Trust’s asset service offerings.
  • The Canadian Fixed Income market, as measured by the FTSE Canada Universe Bond Index, declined -0.7% for the quarter.
  • Corporate bonds led with positive returns for the quarter, while Federal and Provincial bonds witnessed negative returns.

PEOPLES FINANCIAL CORPORATION ANNOUNCES NEW STOCK REPURCHASE PROGRAM

Retrieved on: 
Monday, July 31, 2023

BILOXI, Miss., July 31, 2023 /PRNewswire/ -- The board of directors of Peoples Financial Corporation (the "Company")(OTCQX Best Market: PFBX), parent of The Peoples Bank (the "Bank"), announced its approval to repurchase up to $1,000,000 in additional shares of the Company's outstanding common stock, effective following the announcement.

Key Points: 
  • BILOXI, Miss., July 31, 2023 /PRNewswire/ -- The board of directors of Peoples Financial Corporation (the "Company")(OTCQX Best Market: PFBX), parent of The Peoples Bank (the "Bank"), announced its approval to repurchase up to $1,000,000 in additional shares of the Company's outstanding common stock, effective following the announcement.
  • The Company currently anticipates the share repurchase program will extend over a five-month time frame or expire earlier if the shares are completely repurchased before the end of that period.
  • The share repurchase program does not obligate the Company to repurchase any dollar amount or number of shares, and the program may be extended, modified, suspended or discontinued at any time.
  • Peoples Financial Corporation's common stock is listed on the OTCQX Best Market under the symbol PFBX.

Ping An Bank Grants First Loan to Pioneering CCUS Project amounted RMB 180 million in China's Steel Industry

Retrieved on: 
Tuesday, June 27, 2023

HONG KONG and SHANGHAI, June 27, 2023 /PRNewswire/ -- Ping An Bank, a subsidiary of Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318), has disbursed the first installment of a loan to Baotou Iron and Steel Group Co., Ltd. under a RMB180 million financing agreement for a pioneering carbon capture project, the first encompassing the whole chain of China's steel industry.

Key Points: 
  • The carbon capture, utilization, and storage (CCUS) demonstration project will have a total capacity of 2 million tonnes.
  • The first installment of the loan from Ping An Bank amounted to RMB13 million.
  • Subsequent loans will be made in batches, based on the progress of the project, as required by the loan agreement.
  • In addition to the Baotou Iron and Steel Group's CCUS project, Ping An Bank has provided RMB1.6 billion in loans to Liuzhou Iron and Steel Group as of June 2023.

Ping An Bank Grants First Loan to Pioneering CCUS Project amounted RMB 180 million in China's Steel Industry

Retrieved on: 
Tuesday, June 27, 2023

HONG KONG and SHANGHAI, June 27, 2023 /PRNewswire/ -- Ping An Bank, a subsidiary of Ping An Insurance (Group) Company of China, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318), has disbursed the first installment of a loan to Baotou Iron and Steel Group Co., Ltd. under a RMB180 million financing agreement for a pioneering carbon capture project, the first encompassing the whole chain of China's steel industry.

Key Points: 
  • The carbon capture, utilization, and storage (CCUS) demonstration project will have a total capacity of 2 million tonnes.
  • The first installment of the loan from Ping An Bank amounted to RMB13 million.
  • Subsequent loans will be made in batches, based on the progress of the project, as required by the loan agreement.
  • In addition to the Baotou Iron and Steel Group's CCUS project, Ping An Bank has provided RMB1.6 billion in loans to Liuzhou Iron and Steel Group as of June 2023.

Northern Trust Pension Universe Data: Canadian Pension Plans on solid footing in Q1 2023 despite market turmoil

Retrieved on: 
Monday, May 1, 2023

Canadian Pension plan investment returns demonstrated resilience during the first quarter of the year, shrugging off volatility and turmoil that erupted within the U.S. banking sector, according to the Northern Trust Canada Universe.

Key Points: 
  • Canadian Pension plan investment returns demonstrated resilience during the first quarter of the year, shrugging off volatility and turmoil that erupted within the U.S. banking sector, according to the Northern Trust Canada Universe.
  • The median Canadian Pension Plan returned 4.2% for the quarter.
  • The Northern Trust Canada universe tracks the performance of Canadian institutional defined benefit plans that subscribe to performance measurement services as part of Northern Trust’s asset servicing solutions.
  • The Canadian Fixed Income market, as measured by the FTSE Canada Universe Bond Index, started off the year strong advancing 3.2% for the quarter.

The 5th CCI-FS Opened in Chongqing and Singapore, Advancing Green and Sustainable Finance

Retrieved on: 
Friday, April 21, 2023

"Our collaboration has expanded to include areas such as green and sustainable finance."

Key Points: 
  • "Our collaboration has expanded to include areas such as green and sustainable finance."
  • Over the past seven years, Chongqing and Singapore have deepened their financial cooperation under the CCI.
  • Chongqing enterprises invested more than US$60 million in Singapore, and Singaporean institutions directly invested US$3.4 billion in Chongqing.
  • For more details on 5th CCI-FS, please click https://www.ichongqing.info/special/cci-fs-2023/

The 5th CCI-FS Opened in Chongqing and Singapore, Advancing Green and Sustainable Finance

Retrieved on: 
Friday, April 21, 2023

"Our collaboration has expanded to include areas such as green and sustainable finance."

Key Points: 

Sumsub releases a complete guide to business verification highlighting compliance challenges

Retrieved on: 
Tuesday, February 21, 2023

Sumsub, an all-in-one verification platform, today published its Complete Guide to Business Verification (KYB) for businesses in the fintech, banking, payment, crypto, e-commerce and gambling industries.

Key Points: 
  • Sumsub, an all-in-one verification platform, today published its Complete Guide to Business Verification (KYB) for businesses in the fintech, banking, payment, crypto, e-commerce and gambling industries.
  • View the full release here: https://www.businesswire.com/news/home/20230221005198/en/
    Sumsub releases a complete guide to business verification highlighting compliance challenges (Photo: Business Wire)
    Business verification market size is expected to grow at a CAGR of 11.81% and reach $348 million by 2028.
  • Sumsub’s new guide will help companies tackle KYB-related compliance challenges across different jurisdictions and find best ways to build effective business verification workflows.
  • To download the Complete Guide to Business Verification (KYB) for free, please go to: https://sumsub.com/guides-reports/full-guide-to-business-verification-kyb/ .