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Lioner Expands Client Advisory Offering in Mainland China

Achieves remarkable 220% growth in 1H 2023, driven by successful 3-in-1 services strategy and strong international expertise

HONG KONG SAR – Media OutReach – 23 August 2023 – Lioner International Group Ltd. (Lioner), a financial services pioneer, announced today the opening of its new Beijing office, enhancing its family office advisory offering in China as well as enabling greater synergy across the region through its offices in Hong Kong and Singapore, where it provides 3-in-1 insurance, trust, and family office advisory services for high-net-worth (HNW) clients. The opening of Lioner’s new Beijing office reinforces the company’s confidence in China’s long-term economic growth and the country’s prominent role in the global economy. In contrast to the Hong Kong and Singapore entities, Lioner’s Beijing office will not be operating as a broker in China. Its operations will solely focus on providing family office advisory services to their valued clients, an area currently in high demand in China.

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Since Lioner was founded in Hong Kong in 2021, it has achieved rapid growth across the region, establishing a strong foundation during the pandemic and capturing opportunities when borders reopened. Only a year after establishment, Lioner launched its Singapore office to strengthen its international capabilities and expand its successful partnerships with leading private banks and asset management firms. As a result of these efforts, in 1H 2023, Lioner accomplished a remarkable revenue growth of 220% compared to 1H 2022 and has enhanced its value significantly.

Guidance and support through the succession journey

After 40 years of fast economic growth creating a large amount of wealth in Mainland China, many first-generation business owners or wealthy individuals are beginning to look deeper into their wealth and legacy planning. The fast accumulation of wealth means that many first generation have not yet started their succession planning, which can be a complex matter and is still at a nascent stage in China. Given the uncertain global economy and rapidly evolving environment, business owners and their successors are encountering numerous challenges, ranging from corporate governance and talent development to technology innovation and asset allocation. Therefore, business owners require an understanding of global best practices to guide them as they establish ways to meet each family member’s needs during the handover process.

The number of HNW families in China is on the rise, and they are increasingly choosing to set up family offices to meet their strategic wealth management needs. With the establishment of its office in Beijing, Lioner can work closely with family offices in China and share expert advice from both a local and international standpoint as they start the next chapter of their journey with peace of mind.

Lioner will leverage its expertise and experience to help HNW families based in China navigate business succession successfully, supporting them to achieve a smooth transition, excellent governance, and family harmony. The advisory services offered to clients will support their various wealth planning needs, including family governance, family constitution, ownership structure and children’s education planning.

Lucy Lu, Managing Director and Responsible Officer at Lioner Beijing, will lead the firm’s business development efforts in Beijing, connecting with clients in the city and across Mainland China and helping them access bespoke wealth planning advisory services. Lucy holds nearly 15 years’ experience in the financial services field, serving HNW clients and listed companies. She has gained significant expertise in wealth management, asset allocation, insurance planning and transaction structure construction. Whilst also seeking new talent to grow the business, she will be supported by a fully fledged team of advisors with substantial industry knowledge.

Lucy Lu said: “With a deep local understanding of Chinese culture, Lioner can advise HNW clients on family constitutions, family office structure, and other areas, helping them to establish governance structure according to their needs, achieve smooth power transition and develop guiding principles for all family members to follow. Our knowledge of the game is like no other, and we work with leading industry players and complement their service offerings to provide all-round advisory services that cater to HNW clients’ diverse needs.”

Tony Chan and Andrew Chan, Partners at Lioner Group jointly added: “Backed by our global networks and expertise in Hong Kong and Singapore, Lioner can provide market insight from an international perspective and support clients’ needs in overseas markets. We are excited to open our new office in Beijing which solidifies the immense growth Lioner has experienced and we will continue to offer synergy in the Asia market through our strategic expansion across three of the top four wealthiest cities in the region.”

Hashtag: #Lioner

The issuer is solely responsible for the content of this announcement.

About Lioner International Group Ltd.

Lioner International Group Ltd. is the one and only integrated Insurance, Trust and Family Office consortium in the industry, founded by ethnic Chinese partners and operating in Hong Kong, Singapore and Beijing. Lioner offers total solution services for Ultra-High-Net-Worth and High-Net-Worth individuals, families and businesses with unique and diverse needs. With more than a century’s worth of industry knowledge, our best-in-class professionals strive to provide sophisticated and world class expertise in protecting legacy and preserving wealth for clients around the world. Additional information is available on . Follow us on or visit our newsroom at for the latest company news.

Thaksin Moved From Prison to Hospital Less Than 24 Hours After He Returned to Thailand From Exile

Thaksin Moved From Prison to a Hospital Less Than a Day After He Returned to Thailand From Exile
Thailand's formal Prime Minister Thaksin Shinawatra greets his supporters as he arrives at Don Muang airport in Bangkok, Thailand on Tuesday (photo: AP)

BANGKOK (AP) — Thailand’s divisive former Prime Minister Thaksin Shinawatra was transferred from prison to a hospital early Wednesday, less than a day after he returned from an extended exile and started serving an 8-year sentence.

Lao Contestant Takes on Popular YouTuber Mr. Beast’s Global Sports Challenge

Lao Contestant Takes on Mr. Beast's Global YouTube Challenge
Thumbnail from Mr. Beast's video. (Photo: MrBeast)

In a recent YouTube video hosted by the popular internet personality, James “Jimmy” Donaldson, better known by his YouTube username “Mr. Beast,” a contestant representing Laos had the remarkable opportunity to participate in a highly competitive sporting event.

Laos Sets Ambitious Target to Attract Over 2.7 Million Tourists in 2024

Laos to Boost Tourism in 2024, Aiming to Attract Over 2.7 Million Visitors
FILE: tourists watching the sunset in Phou SI, Luang Prabang (Photo: NIKKEI ASIA)

Laos is gearing up for Visit Laos Year 2024, projecting to welcome more than 2.7 million tourists to stimulate post-pandemic economic growth.

Igniting Innovation: Samsung Solve for Tomorrow 2023 Aims to Inspire Secondary School Changemakers

SINGAPORE – Media OutReach – 23 August 2023 – Samsung’s global competition, Solve for Tomorrow, is back with its seventh edition in Singapore. Themed ‘Be the Change, Shape the Future’, starting from today until 15th October 2023. This year’s competition is different as it is tailored for full-time students in Singapore’s secondary schools.

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Solve for Tomorrow 2023 intends to inspire and uncover the next generation of changemakers by encouraging secondary school students to think deeply about the social issues affecting their community and pioneer positive social change through technology and innovation.

Aligned with Samsung’s global vision for CSR efforts – ‘Together for Tomorrow! Enabling People’, the competition aims to equip students with the experience and mindset to unlock technology’s potential. It also gives students a platform to explore their passion and nurture their social responsibility, allowing them to grow and thrive as a global citizen.

“We envision the Samsung Solve for Tomorrow competition as a catalyst to redefine youths’ connection with technology, empowering them to transition from mere users to technology creators with the potential to positively impact our community and environment,” said Dennis Jang, President, Samsung Electronics Singapore. “In a fast-evolving world, the interdisciplinary skills instilled in this competition – critical and design thinking, presentation and communications skills, as well as and Science, Technology, Engineering and Math (STEM) knowledge, will definitely stand the students in good stead for their future.”

Team Hearable, the winning team from the 2022 edition, shares their takeaways – “We are really thankful to Samsung for organising the competition, which encouraged us to apply knowledge from the classroom to solve problems in the real world,” said team lead Christopher Angelo. “Our participation in Solve for Tomorrow 2022 not only expanded our horizons beyond classroom subjects but also honed our skillsets and deepened our STEM knowledge. We encourage our fellow students and aspiring inventors to join this transformative experience.”

Addressing Singapore’s Present and Future Challenges

Samsung has identified five broad themes for this year’s competition. Participants can develop their ideas around any one of these themes:

Samsung has identified five broad themes for this year’s competition. Participants can develop their ideas around any one of these themes:

1. Environmental Sustainability

Sustainability remains a critical challenge today. Our society needs bold ideas to address our most pressing environmental issues and build a sustainable future.

2. Wellness

Technological innovations hold the key to unlock better quality of life, physically and mentally, for Singaporeans. It will also play a vital role in battling pandemics and other health risks in our society.

3. Learning & Education

Innovation and creative technology applications will play a pivotal role in transforming youths’ learning journey and prepare them more effectively for the evolving future.

4. Inclusive, Harmonious Society

To build an inclusive and harmonious society amongst the diverse communities in Singapore, we will need approaches and solutions that encourage them to share commonalities, values and experiences with one another.

5. Singapore’s Digital Future

As Singapore continues on its digitalisation journey, there are tremendous opportunities for the next generation of innovators to create future solutions that are uniquely Singapore, and to help the growth of our digital economy.


Competition Details

From today until 15th October 2023, students can submit their entries for the competition by forming groups of two to four from the same school and submitting their innovative ideas or solutions on the Solve for Tomorrow 2023 website.

  • Eligibility: Full-time students aged 12 to 18 years old, enrolled in any secondary school in Singapore.
  • Secondary 1 to Secondary 5 if they are enrolled in the following:
    • Government schools (including autonomous schools)
    • Government-aided schools (including autonomous schools)
    • Independent schools
    • Specialised independent schools (SIS)
    • Specialised schools
    • Special education (SPED) schools
  • Secondary 1 to Secondary 4 students if they are enrolled in IP (Integrated Programme) secondary schools with 6-year IP programmes.

Prizes

A total of 10 teams will be shortlisted to showcase their solutions at the finale in December 2023. The top three teams will receive the following prizes:

  • First Prize:
    • S$10,000 worth of Samsung products
    • S$6,000 cash prize
  • Second Prize:
    • S$7,000 worth of Samsung products
    • S$4,000 cash prize
  • Third Prize:
    • S$5,000 worth of Samsung products
    • S$2,000 cash prize

For more information visit https://www.samsung.com/sg/solvefortomorrow or reach out to the team at samsungsolvefortomorrow@infom.asia.

Hashtag: #Samsung

The issuer is solely responsible for the content of this announcement.

Samsung Electronics Co., Ltd.

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI, foundry and LED solutions. For the latest news, please visit the Samsung Newsroom at .

Lao Prime Minister Congratulates His Newly-Elected Cambodian Counterpart

Lao PM Sends Congratulates Newly Elected Cambodian PM
Lao Prime Minister Sonexay Siphandone (Photo: VNA)

Lao Prime Minister Sonexay Siphadone sent a congratulatory message to Cambodia’s newly elected Prime Minister, Hun Manet after he took over the Prime Ministerial position from his father, Hun Sen on Tuesday.

Four Thai Bank Branches Discontinue Services in Laos

The Krungsri Ayudhya Bank Savannakhet province branch announce to voluntarily terminate its membership of The Deposit Protection Office of the Bank of Laos.

The Deposit Protection Office (DPO) of the Bank of Lao PDR announced this month that four Thai commercial bank branches in Laos have voluntarily terminated their membership in the DPO and closed operations due to business strategy changes in their head offices.

Young people want it all – financial freedom and time to enjoy life

Prudential poll shows that Gen Zs and Millennials define financial success as more than just affluence, with 76 per cent aiming for financial freedom, and 65 per cent seeking work-life balance

SINGAPORE – Media OutReach – 23 August 2023 – Young people today have a more holistic view of financial success compared to yesteryears when the traditional “5Cs”[1] were symbolic of having made it in life. More than three in four (76 per cent) Gen Zs and Millennials say that financial success for them means enjoying the financial freedom to pursue the lifestyle that they desire and to be free from financial concerns (Figure 1). This is according to a poll commissioned by Prudential Singapore (“Prudential”) which explores the priorities, aspirations and goals of Singapore residents aged 16 to 29 who have just started their careers.

Work-life balance also came up as an important definition of financial success for 65 per cent of the 1,000 respondents surveyed. This shows that while being financially secure is important, young people also want a fulfilling life that includes time for aspirations such as travelling the world, giving back to society (Figure 2), and prioritising their personal wellbeing (Figure 3).

Work-life balance being a priority also suggests that young people don’t see hustling (putting work above all else) as their main strategy to achieving financial success. Instead, they are looking to grow their wealth through other sources such as investments and passive income, so that they have more time to live life to the fullest. More than half (58 per cent) said that they would like to retire early (Figure 2).

Mr Ben Tan, Chief Corporate Development Officer, Prudential Singapore, said: “Owning the ‘5Cs’ including material assets such as a car or condominium used to be the measure of whether one has made it in life. According to our study, this definition has broadened with young people today having a more holistic view of success. They want to achieve financial freedom, and for them, this means having it all – wealth as well as the time to spend with their loved ones and on their personal passions and wellness.

“We are leading longer lives and living costs are increasing. Therefore, taking steps to achieve financial freedom early in one’s career is important as this gives you a longer runway to prepare for milestones such as buying a home, starting a family and retirement. Building financial literacy early is also crucial as it sets the foundation for a healthy financial future.”

How young people are working towards financial freedom

According to the Prudential poll, young people are prioritising building up savings (61 per cent), growing wealth (49 per cent), and investing to make their money grow (41 per cent). However, planning for retirement and being adequately insured are not as high on their list, with less than one in five choosing them as priorities (Figure 3).

Commenting on the importance of having sufficient protection, Mr Tan said: “Insurance is an important component of financial and retirement planning as it not only provides protection for you and your family, but also helps to build your wealth and cushion the impact of inflation. If you are adequately insured when you are young and healthy, you can achieve financial freedom as you pursue your life goals with peace of mind knowing you are well-protected against unexpected life events.”

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About the poll

This poll was commissioned by Prudential and conducted by Milieu Insight and surveyed 1,000 Singaporean residents aged 16 to 29 who are still studying or working. Responses for the online poll were collected in July 2023.


[1] The traditional “5Cs” is a phrase used in Singapore and refers to cash, car, credit card, condominium and country club membership.

Hashtag: #PrudentialSingapore



The issuer is solely responsible for the content of this announcement.

About Prudential Assurance Company Singapore (Pte) Ltd (Prudential Singapore)

Prudential Assurance Company Singapore (Pte) Ltd is one of the top life insurance companies in Singapore, serving the financial and protection needs of the country’s citizens for 92 years. The company has an AA- Financial Strength Rating from leading credit rating agency Standard & Poor’s, with S$49.4 billion funds under management as at 31 December 2022. It delivers a suite of well-rounded product offerings in Protection, Savings and Investment through multiple distribution channels including a network of more than 5,000 financial consultants.