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Finloop Launches Web5 Strategy and Unveils Global Leading RWA Platform “FRP”

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Advertorial Desk
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HONG KONG, July 24, 2025 /PRNewswire/ — Amid Hong Kong’s accelerating embrace of the digital asset economy, Finloop Finance Technology Holding Limited (“Finloop“), a global one-stop Web5 wealth technology platform incubated by Fosun Wealth Holdings under Fosun, held the “Finloop • Chain to the Future 2025: Web3 Strategy Upgrade and RWA Platform Launch Summit” at Hong Kong Cyberport on July 23. Finloop officially announced its Web5 Strategy and unveiled its global leading one-stop RWA (Real World Assets) technology, issuance, and distribution platform—”FinRWA Platform (FRP)”—ushering in a new era of integration between traditional finance and digital assets.

With the theme of “Chain to the Future”, the summit brought together over 200 industry leaders from the Web3 infrastructure, fintech, and digital asset sectors to explore cutting-edge topics such as asset tokenization, technological compliance, and ecosystem collaboration.

Breakthrough Achievement: Supporting the Comprehensive Suite of Tokenized MMFs

Kicking off the event, Mr. Cheng Kang, CEO of Fosun Wealth Holdings and Chairman of Finloop, delivered an opening speech, outlining the grand blueprint for the company’s strategic upgrade. He said, “Fosun Wealth Holdings and Finloop have been deeply engaged in Hong Kong’s wealth management market, committed to driving the integration of traditional and digital finance. With the transformation of digital finance, Finloop’s strategic concept can be interpreted as an innovative equation of Web2+Web3 = Web5. Web2 carries the trust cornerstone of traditional finance, and Web3 highlights the technical edge of blockchain. Web5, the fusion of the two, preserves the safety and compliance of financial essentials while unlocking the boundless possibilities of the digital world. The key vehicle for this vision is RWA—which will reshape the paradigm of global asset flow.”

As the first achievement of this strategic rollout, Finloop, in collaboration with Fosun Wealth Holdings and China Asset Management (Hong Kong), launched the world’s most comprehensive tokenized money market fund series via “星財富” app under Fosun Wealth Holdings. The series includes the ChinaAMC HKD Digital Money Market Fund, ChinaAMC RMB Digital Money Market Fund and ChinaAMC USD Digital Money Market Fund. Finloop served as a key distribution system provider and distributor for these tokenized funds, while Fosun Wealth Holdings also became the first wealth management platform in Hong Kong to list all three tokenized funds simultaneously. At the summit, Finloop presented a special souvenir—”Finloop Fund Token Redemption Card.” By scanning the QR code on the card via the “星財富” APP, attendees could embark on a new wealth management journey by investing in tokenized funds.

Technology Empowerment: Building Future Stablecoin Infrastructure

With Hong Kong’s Stablecoins Ordinance set to take effect in August, the local digital finance regulatory framework is undergoing a significant upgrade. Mr. Cheng Kang indicated that Finloop is taking the lead in this area, leveraging its pioneering advantages in blockchain, fintech, and compliance to build stablecoin technology infrastructure for the Web5 era, providing stablecoin issuers with more application scenarios and technology solutions, and jointly unlocking the infinite potential of the Web5 ecosystem.

A highlight of the summit was the launch of Finloop’s globally leading one-stop RWA technology, issuance and distribution platform—FinRWA Platform 1.0 (FRP 1.0)—by CEO Mr. Cai Hua. He said, “Finloop offers a B2B service platform for financial institutions, bridging traditional finance and virtual assets with comprehensive Web2+Web3 financial products. Through our self-developed FRP 1.0, Finloop enables seamless services across account opening, trading, risk management and settlement, helping financial institutions swiftly enter the virtual asset market, reduce compliance risks, and enhance client reach and trading experiences, thus unlocking a new growth trajectory for wealth management.”

At the summit, Mr. Cai Hua demonstrated the powerful capabilities of the FRP 1.0: from wallet verification, token in & token out, stablecoin-to-fiat conversions to in-kind subscription and redemption of ETFs, vividly illustrating the core concept of “technology makes finance more efficient”. Through a partnership with OSL, Hong Kong’s only listed and first licensed digital asset exchange, Finloop leverages OSL’s Omnibus Pro account services and its deepest market penetration in Hong Kong to provide institutional clients with instant, seamless, secure, and compliant digital asset trading scenarios.

Building Dreams in Hong Kong: Moving into Cyberport to Shape the Web3 Ecosystem

In April this year, Finloop became a strategic enterprise of the Hong Kong Special Administrative Region Government’s Office for Attracting Strategic Enterprises (OASES). At the summit, Finloop announced its official entry into Hong Kong Cyberport, Asia’s leading tech innovation hub, to collaboratively build the future of the Web3 ecosystem.

Mr. Peter YAN King-shun, Director-General of OASES, delivered a speech expressing high expectations for Finloop’s advancements in the RWA sector. Mr. Simon CHAN Sai-ming, Chairman of Hong Kong Cyberport Management Company Limited, warmly welcomed Finloop’s landing at Cyberport, expressing confidence that the company will inject new momentum into the blockchain and digital asset ecosystem fostered by Web3 Hub@Cyberport, and enhance Hong Kong’s global competitiveness in fintech and digital asset markets. Mr. Gan Tian, CEO of China Asset Management (Hong Kong), delivered a speech titled “The Rapid Rise of Stablecoins: Opportunities and Challenges”, sharing China Asset Management (Hong Kong)’s remarkable achievements in the RWA sector and insightful strategies for stablecoin development.

The summit also featured two panel discussions with themes of “RWA: The Next Wave of On-Chain Finance” and “The Fusion of Web2+Web3” , bringing together prominent leaders from OSL, CICC, CMS Asset Management (HK), CMB International, Asseto, Solana and other financial institutions to explore innovative practices in the RWA and Web5 sectors.

About Finloop Finance Technology Holding Limited

Finloop Finance Technology Holding Limited, along with its subsidiaries (collectively referred to as “Finloop”), is an AI-driven global one-stop Web5 wealth technology platform that offers comprehensive wealth management products and technology solutions to various financial institutions. Its offerings include cash management, public funds and private funds, structured products, bonds, insurance, and virtual assets. As a fintech leader in Asia during the Web3 wave, Finloop has focused on bridging physical and digital assets, developing a one-stop RWA technology, issuance and distribution platform to pioneer new growth pathways in the wealth management industry.

Sungrow Unveils Next-Generation Residential ESS Designed for Reliable Backup Power

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Advertorial Desk
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PHU QUOC, Vietnam, July 23, 2025 /PRNewswire/ — Sungrow, the global leading PV inverter and energy storage system provider, successfully unveils its next-generation residential energy storage system (ESS) at 2025 Southeast Asia Distribution Summit. Featuring the upgraded MG Series inverters, this new solution covers power ranges from 5 kW to 10 kW. With industry-leading features like full-power operation at 45 °C, active PID recovery, and seamless backup power switching within 4ms, this new solution ensures households stay powered even in extreme climates or unstable grid conditions, designed to meet the rising demand for household energy independence across the region.

Sungrow's New Residential ESS
Sungrow’s New Residential ESS

MG5/6RL inverters are already available and compatible with over 50 third-party energy storage batteries*. MG8/10RL models and the matching MGL060 battery will be released in Q4 2025.

One System, Endless Lifestyles

  • Start Small, Dream Big: The system scales effortlessly from 5kW to 80kW with support for up to eight units in parallel—making it ideal for everything from compact apartments to spacious villas or future expansions. It’s also compatible with mainstream third-party batteries, offering the flexibility to meet a wide range of application scenarios.
  • Power Your Home, Your Way: Whether starting with solar today or planning for backup power tomorrow, the system adapts as your needs evolve—from PV-only setups to fully off-grid solutions. It also supports versatile configurations, including “Battery Ready” (install the inverter now and add batteries later) and “Backup Only” (a hybrid system without PV panels, offering reliable power during outages).
  • One Port, Triple Functionality: Simplify your energy management with one port designed for three smart applications: Graded Load Management, Diesel Generator Coordination, and PV Expansion. Flexible and efficient, it brings intelligent control to any energy scenario.

Robust Backup for Uninterrupted Power

  • Seamless Transition, Continuous Comfort: In the event of a grid outage, the hybrid inverter automatically switches to off-grid mode within just 4 milliseconds—ensuring uninterrupted power without light flicker or appliance shutdown. Your daily life stays smooth, even when the grid doesn’t.
  • Compact Size, Exceptional Power: Despite its small footprint, the system delivers up to 200% overload output for 10 seconds. For example, the MG6RL model can supply 12kW to instantly support high-power appliances like air conditioners, laundry machine during blackouts—making it both reliable and powerful.
  • Whisper-Quiet Operation: With noise levels as low as 35 dB—quieter than a library—Sungrow’s Immersive Silence technology ensures a peaceful home environment.

Robust Power Generation for Unstoppable Performance

  • Double the Punch, Zero Compromise: With up to 200% DC input and 160% maximum output capacity, the system delivers outstanding performance. For example, a 6kW inverter can simultaneously provide 6kW of rated AC output while charging the battery with 3.6kW of DC power—ensuring maximum energy utilization without compromise.
  • Compatible with diverse PV Panel: Engineered to support up to 20A input current, the system is compatible with virtually all PV modules on the market. No DC energy goes to waste—enabling greater efficiency and seamless integration with your existing or future solar setup.
  • Heat-Defying Performance: Built for extreme conditions, the system maintains full power output even at 45 °C ambient temperature. It ensures stable generation during peak heat hours, boosts self-consumption, and conserves battery power for when it’s truly needed—delivering reliability when it matters most.
  • Grid-Connected PID Repair, 25 Years of Peak Performance: Featuring Sungrow’s patented PID ZERO® technology, the system is the industry’s first to actively recover from PID effects without disconnecting from the grid. It counteracts long-term power loss caused by heat and humidity—ensuring your PV modules stay efficient for 25 years, no extra hardware or rewiring required.

Smarter Energy, Seamless Control

  • Touch & Monitor at Your Finger: The intuitive 4.3-inch full-color touchscreen offers real-time monitoring and complete local control. Commissioning takes less than 30 seconds—no internet required, as easy as making tea. Dual LED indicators allow quick system checks at a glance: the left shows system status, while the right displays battery state of charge (SOC).
  • Storm-Ready in One Tap: Prepare for extreme weather or scheduled outages with a single click—activate fast battery charging from the grid and go from 30% to 100% SOC in just one hour (based on a 6kW/6kWh system), giving you peace of mind when it matters most.
  • AI Smart Energy Management: Later integration with Sungrow’s iHomeManager (the forecast-based energy management system) will use AI to tailor energy strategies based on usage patterns, weather forecasts, dynamic electricity tariff, and extreme weather alerts, optimizing energy dispatch and boosting household green energy benefits by more than 12%*.

Coming Soon: Longer Lasting, Safer, More Flexible Batteries

Launching in Q4, the new MGL060 battery features large-capacity 314 Ah LFP cells with 8000 cycles (EOL 60%), delivering triple the lifespan of average industry offerings. Its pack-level DC/DC energy optimization works like a dedicated optimizer for each cell group, ensuring each operates independently and efficiently, even when new and old batteries are mixed.

*Notes: Data based on households configured with PV–ESS–EV charging system and heat pumps; actual benefits may vary depending on load types and capacity.

About Sungrow

Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 28 years. As of December 2024, Sungrow has installed 740 GW of power electronic converters worldwide. The Company is recognized as the world’s No. 1 on PV inverter shipments (S&P Global Commodity Insights) and the world’s most bankable energy storage company (BloombergNEF). Its innovations power clean energy projects across the globe, supported by a network of 520 service outlets guaranteeing excellent customer experience. At Sungrow, we’re committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit: www.sungrowpower.com

Media Contact: 
Tianjiao Rong
rongtianjiao@sungrowpower.com 

ASEAN Film Festival 2025 Launches This August Featuring Films from Belt and Road Countries for the First Time Deepening Conversations between Cultures through the Power of Film

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Advertorial Desk
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From 7 to 31 August, over 20 films will be screened for free
Tickets are now available on the official AFF website

HONG KONG, July 24, 2025 /PRNewswire/ — The Hong Kong-ASEAN Foundation (HKAF) is delighted to announce the third edition of the ASEAN Film Festival (AFF), featuring over 20 acclaimed films from various countries, running from 7 to 31 August. As ASEAN is a vital partner in the Belt and Road Initiative, this year’s festival will also showcase outstanding works from four Belt and Road countries — Egypt, Hungary, Kazakhstan, and Türkiye — for the first time. In addition to bringing together the ten ASEAN member countries, the festival aims to foster cross-cultural connections and people-to-people exchanges. Filmmakers and directors from around ten highlighted films will engage in special sharing sessions with local youth and ASEAN students in Hong Kong, enriching the viewing experience and enhancing their understanding of different countries.

Broaden cultural horizons through a month-long cinematic journey

This year’s selection provides Hong Kong audiences with a vibrant mix of genres and storytelling traditions, ranging from heartwarming comedies and inspiring dramas to thrilling mysteries and intense action. The 24 selected films showcase the soft power of filmmakers from diverse regions and highlight their significant contributions to the international film and creative cultural industry. Through the festival, the Hong Kong-ASEAN Foundation hopes to encourage Hong Kong audiences — especially the younger generation — to appreciate the rich and diverse cinematic works from ASEAN and Belt and Road countries, while exploring the profound and vibrant cultural heritage of these nations.

‘Films serve as a cultural medium that transcends geographical boundaries, conveying diverse stories with a shared emotional bond. This year, we are truly honoured to continue presenting exciting films from the ten ASEAN countries to our audiences in Hong Kong, and for the first time, to feature works from four Belt and Road countries. Their participation enriches the festival, sparking new exchanges and creative connections across borders. This further highlights Hong Kong’s unique charm as a cultural hub, and reinforces the city’s vital role as a “super connector” and “super value-adder” between Mainland China and the international community,’ says Mr Daryl Ng, Chairman of Hong Kong-ASEAN Foundation. ‘We would like to express our heartfelt gratitude to the consuls-general for their invaluable support in selecting representative films, as well as to the Cultural and Creative Industries Development Agency of the Culture, Sports and Tourism Bureau, M+, the Asia Society Hong Kong Center, the Belt and Road Office of the Commerce and Economic Development Bureau, and other esteemed partners, for their support and insights. Through these collective efforts, we hope to provide Hong Kong audiences with a richer array of film arts, enhancing our cultural perspectives and allowing the younger generation to appreciate the essence of cultures from ASEAN and Belt and Road countries.’

AFF 2025 is a collaborative endeavour involving the Hong Kong-ASEAN Foundation, the Consulates -General of the 14 countries in Hong Kong, and various partners across multiple sectors. Co-presenters include the Cultural and Creative Industries Development Agency, M+ and Asia Society Hong Kong Center. Supporting organisations comprise the Belt and Road Office of the Commerce and Economic Development Bureau, the Financial Services Development Council, the Hong Kong Trade Development Council, InvestHK, Our Hong Kong Foundation, and various chambers and associations.

Showcasing Cultural Diversity and Enhancing Regional Connectivity

In recent years, the HKSAR Government has introduced various initiatives to promote economic and cultural cooperation between Hong Kong and ASEAN. Against this backdrop of strong collaboration, the AFF enters its third edition, now featuring films from an additional four Belt and Road countries, supported by the Belt and Road Office of the Commerce and Economic Development Bureau. The event aims to use film as a bridge to foster cross-cultural connections, broaden humanistic perspectives, and strengthen regional connectivity and mutual understanding, contributing to the development of cultural, tourism, and film industries across regions. AFF 2025 will offer a month of free screenings at multiple venues across Hong Kong, along with post-screening discussions featuring filmmakers who will share their creative visions and behind-the-scenes stories. Some sessions will also include local film industry professionals, in collaboration with the Cultural and Creative Industries Development Agency, encouraging meaningful cross-regional dialogue and creative exchange.

Many of the featured directors and actors from ASEAN and Belt and Road countries have garnered international recognition for their creativity and unique storytelling techniques. Among the curated highlights are award-winning blockbusters such as ‘Ah Boys to Men 3: Frogmen’ (Singapore), which set a record for Singapore’s opening week box office, and the 4K restored version of Thailand’s classic box office hit ‘My Girl’ (Thailand). Audiences will be moved by emotional stories like ‘Falling in Love Like in Movies’ (Indonesia), ‘Nuansang: The Heart of Teacher’ (Laos), and ‘If My Lover Were a Flower’ (Myanmar). The festival also presents a powerful autobiographical story, ‘Champion’ (Türkiye), an epic tale of love, sacrifice, betrayal, and redemption, ‘Samsara’ (Indonesia), and a stirring tale of female leadership and courage, ‘Tomiris’ (Kazakhstan). Notably, AFF 2025 features two cross-country collaborations — ‘Out of the Nest’ (Thailand and Mainland China) and ‘Our Blossom’ (Hungary and Vietnam) — highlighting the creative synergy between regions with distinct yet interconnected cultural identities and celebrating the universal language of film.

Starting today, the public is invited to visit the official AFF 2025 website to register for free entry tickets, available on a first-come, first-served basis. For full details on the featured films and screening schedule, please refer to the appendix or explore the AFF 2025 website: https://aseanfilmfest.org/.

Introductory video of AFF 2025: https://youtu.be/eZ79PG474cI?si=CasUZdyU3gUtcRaO

Images

High-resolution images can be downloaded here –
Link: https://gallery.sinclaircomms.com/gallery/ASEAN-Film-Festival-2025  
Password: talkofthetown

Sharing from AFF 2025 Partners:

AFF 2025 is a collaborative endeavour involving the Hong Kong-ASEAN Foundation, the Consulates-General of the 14 countries in Hong Kong, and various partners across multiple sectors. (Pictured from left to right) Mr Nicholas Ho Lik-Chi, Commissioner for Belt and Road of the Commerce and Economic Development Bureau of the HKSAR Government; Mr Ammala Saenchonghack, Consul-General of Laos in Hong Kong; Mr Ong Siew Gay, Consul-General of Singapore in Hong Kong; Mrs Le Duc Hanh, Consul-General of Vietnam in Hong Kong; Ms Ranida Chamchalerm, Acting Consul-General of Thailand in Hong Kong; Ms Nur'Amirah Mohamad, Acting Consul-General of Malaysia in Hong Kong; Mr Romulo Victor M. Israel Jr., Consul-General of the Philippines in Hong Kong; Mr Kerim Sercan Evcin, Consul-General of Türkiye in Hong Kong; Mr Charles Chia, CEO of Hong Kong-ASEAN Foundation
AFF 2025 is a collaborative endeavour involving the Hong Kong-ASEAN Foundation, the Consulates-General of the 14 countries in Hong Kong, and various partners across multiple sectors. (Pictured from left to right) Mr Nicholas Ho Lik-Chi, Commissioner for Belt and Road of the Commerce and Economic Development Bureau of the HKSAR Government; Mr Ammala Saenchonghack, Consul-General of Laos in Hong Kong; Mr Ong Siew Gay, Consul-General of Singapore in Hong Kong; Mrs Le Duc Hanh, Consul-General of Vietnam in Hong Kong; Ms Ranida Chamchalerm, Acting Consul-General of Thailand in Hong Kong; Ms Nur’Amirah Mohamad, Acting Consul-General of Malaysia in Hong Kong; Mr Romulo Victor M. Israel Jr., Consul-General of the Philippines in Hong Kong; Mr Kerim Sercan Evcin, Consul-General of Türkiye in Hong Kong; Mr Charles Chia, CEO of Hong Kong-ASEAN Foundation

Mr Nicholas Ho Lik-Chi, Commissioner for Belt and Road of the Commerce and Economic Development Bureau of the HKSAR Government

ASEAN Film Festival exemplifies the perfect alignment to Hong Kong’s role as a super connector by fostering meaningful people-to-people bonds through the universal medium of film. This year marks the 10th anniversary of the Belt and Road Summit in Hong Kong, and we’re very glad that this year the ASEAN Film Festival has added a Belt and Road flavour to it and expanded this people-to-people celebration. The Belt and Road Initiative is fundamentally about connectivity, emphasising heart-to-heart connections and celebrating the expansion of these connections across the Belt and Road region, from Central Asia to West Asia and North Africa.

Mr Yos Sokhemrin, Consul-General of Cambodia in Hong Kong

This film, ‘Killing Time Violently’, offers a compelling story of a gentleman navigating the challenges of Cambodian society, highlighting both its strengths and struggles. With its unique title, I hope it will engage the Hong Kong audience and resonate with the Cambodian community in Hong Kong, providing a fresh perspective on life to all.

Dr Olga Gégény, Acting Consul-General of Hungary in Hong Kong

We are delighted that Hungary is included in this year’s ASEAN Film Festival under the theme Belt and Road Celebration. I am also excited to highlight the film ‘Our Blossom‘, a Hungarian-Vietnamese co-production that exemplifies the power of cultural exchange.

Mr Yul Edison, Consul-General of Indonesia in Hong Kong

I strongly believe that the ASEAN Film Festival has flourished immensely. It has grown from the regular platform showcasing ASEAN movies as well as fostering the cultural exchange and connections between Indonesia, Hong Kong (China), and beyond. Four Indonesian movies will be screened in the ASEAN Film Festival this year, including ‘Samsara‘, ‘Falling in Love Like in Movie‘, ‘Stealing Raden Saleh‘, and ‘A Brother and 7 Siblings‘.

Mr Ammala Saenchonghack, Consul-General of Laos in Hong Kong

This year, we present the ‘Nuansang: The Heart of Teacher‘ at the film festival, highlighting the vital role of educators in Laos. As we promote people-to-people connections through cultural exchange, we hope to deepen understanding between Hong Kong (China) and Laos, showcasing both our similarities and differences as we work together to empower the next generation through education.

Ms Nur’Amirah Mohamad, Acting Consul-General of Malaysia in Hong Kong

The ASEAN Film Festival has become a marquee event in Hong Kong, showcasing films that emphasise cultural exchange. This year, we present ‘Gold‘, an inspiring story of resilience in badminton, and ‘Abang Long Fadil 3‘, a blend of action and comedy that connects with our youth. Through these films, we celebrate family, friendship, and the unique power of cinema to bring people closer.

Mr Romulo Victor M. Israel Jr., Consul-General of the Philippines in Hong Kong

‘A Divine Comedy‘ presents a light-hearted exploration of the Philippines’ colonial past and its relevance today through the eyes of three priests. By juxtaposing history and modernity, we hope to inspire viewers to reflect on their own journeys, recognising that the lessons of the past can guide us in addressing present-day challenges. We want to showcase how this experience can transcend geographical boundaries and can apply to Filipinos and Hongkongers alike.

Mr Ong Siew Gay, Consul-General of Singapore in Hong Kong

The increasing number of films in the ASEAN Film Festival truly reflects Hong Kong’s growing interest in ASEAN and Belt and Road countries. This year, we have two Singaporean films being presented. The first film, ‘Long Long Time Ago‘, is a poignant story set during the 1960s, highlighting the story of Singapore’s urbanisation through the story of the family. The second film, ‘Ah Boys to Men 3: Frogmen‘, is more light-hearted but provides a look into a very interesting aspect of Singaporean society – national service. As we celebrate SG60 this year, we hope to share this meaningful celebration with Hong Kong audiences, through the medium of film.

Ms Ranida Chamchalerm, Acting Consul-General of Thailand in Hong Kong

This year, we are excited to showcase three diverse films at the festival, including the popular animated feature Out of the Nest, the nostalgic romantic comedy ‘Fan Chan‘ (My Girl), and the unique ‘404 Run Run‘, blending romance with supernatural elements. These selections reflect the richness of Thai cinema and offer Hong Kong audiences a chance to explore our culture and storytelling.

Mr Kerim Sercan Evcin, Consul-General of Türkiye in Hong Kong

Cinema is a powerful tool for cultural exchange, connecting people and fostering understanding between distant societies. Our film will be able to showcase to Hong Kong audiences the culture and the nuances of the society in Türkiye through a common topic of horse racing and equestrian sport. We also want to showcase that Türkiye is a fertile land where East meets West, another commonality that we have with Hong Kong, which is a super connector in the Belt and Road Initiative, allowing us to explore our shared experiences through stories like that of the legendary racehorse.

Mrs Le Duc Hanh, Consul-General of Vietnam in Hong Kong

This year, we present a uniquely selected film titled ‘Peach Blossom, Pho and Piano‘. The film beautifully intertwines themes of hope and unity through the symbolism of peach blossoms and showcases an important time in Vietnamese history. We hope to share this rich narrative with audiences in Hong Kong and further increase their understanding of Vietnamese culture and society.

 

Thailand, Cambodia Clash With Jets and Rockets in Deadly Border Row

By
Phontham Visapra
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Thailand, Cambodia Clash With Jets and Rockets in Deadly Border Row
Thailand launched air strikes on Cambodian military targets on July 24 as Cambodia fired rockets and artillery, killing a civilian, in a dramatic escalation of a long-running border row between the two neighbours. (Photo by AFP)

By Montira Rungjirajittranon with Suy Se in Phnom Penh/AFP – Thailand launched air strikes on Cambodian military targets on Thursday as Cambodia fired rockets and artillery, killing at least 11 civilians, in a dramatic escalation of a long-running border row between the two neighbors.

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Weibo Corporation to Report Second Quarter 2025 Financial Results on August 14, 2025

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Advertorial Desk
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BEIJING, July 24, 2025 /PRNewswire/ — Weibo Corporation (Nasdaq: WB and HKEX: 9898), a leading social media for people to create, share and discover content, will announce its unaudited financial results for the second quarter 2025 before the U.S. market opens on Thursday, August 14, 2025. Following the announcement, Weibo’s management team will host a conference call from 7 AM – 8 AM Eastern Time on August 14, 2025 (or 7 PM – 8 PM Beijing Time on August 14, 2025) to present an overview of the Company’s financial performance and business operations.

Participants who wish to dial in to the teleconference must register through the below public participant link. Dial in and instruction will be in the confirmation email upon registering.

Participants Registration Link:
https://register-conf.media-server.com/register/BIca78327ff60c4790b7850d5dc2a37d25

Additionally, a live and archived webcast of this conference call will be available at http://ir.weibo.com.

About Weibo Corporation

Weibo is a leading social media for people to create, share and discover content online. Weibo combines the means of public self-expression in real time with a powerful platform for social interaction, content aggregation and content distribution. Any user can create and post a feed and attach multi-media and long-form content. User relationships on Weibo may be asymmetric; any user can follow any other user and add comments to a feed while reposting. This simple, asymmetric and distributed nature of Weibo allows an original feed to become a live viral conversation stream.

Weibo enables its advertising and marketing customers to promote their brands, products and services to users. Weibo offers a wide range of advertising and marketing solutions to companies of all sizes. The Company generates a substantial majority of its revenues from the sale of advertising and marketing services, including the sale of social display advertisement and promoted marketing offerings. Designed with a “mobile first” philosophy, Weibo displays content in a simple information feed format and offers native advertisement that conform to the information feed on our platform. To support the mobile format, we have developed and continuously refining our social interest graph recommendation engine, which enables our customers to perform people marketing and target audiences based on user demographics, social relationships, interests and behaviors, to achieve greater relevance, engagement and marketing effectiveness

Contact:
Investor Relations
Weibo Corporation
Phone: +86 10 5898-3336
Email: ir@staff.weibo.com

DBS Launches Gen AI-Powered Coaching Tool to Future Proof Its Workforce

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Advertorial Desk
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HONG KONG SAR – Media OutReach Newswire – 24 July 2025 – DBS announced today that it is democratising coaching for its workforce with the launch of iCoach, a Generative AI-powered (Gen AI) platform developed in collaboration with Marshall Goldsmith, one of the world’s top executive coaches.

While most corporations reserve coaching[1] for their top executives or high potential talent, DBS believes that employees at all levels would benefit from coaching by receiving expert advice on career development as well as topical issues such as work-life balance, personal and small team leadership, or mental wellness. However, the main challenge has always been scaling coaching in an efficient and cost-effective manner – coaching is usually done on a one-to-one basis and can be costly.

With the advent of Gen AI, DBS saw an opportunity to leverage the technology to overcome these challenges, enabling the bank to avail coaching to employees across its network.

Lee Yan Hong, Head of Group Human Resources, DBS, said, “As the world of work continues to evolve, building career resilience has become more important than ever. At DBS, we are committed to helping our people thrive by equipping them with future-ready capabilities through our comprehensive Triple E framework – Education, Exposure and Experience. iCoach is a powerful new addition that complements these efforts, leveraging Gen AI to offer personalised, on-demand career guidance to help every employee confidently navigate and grow in the future of work.”

Betty Lam, Head of Human Resources, DBS Hong Kong, said, “DBS continues to entrench our standing as a Responsible AI leader and bring our employees along this responsible AI journey where AI is used ethically and effectively. iCoach is a powerful tool that allows our employees to focus on personal and career growth. At the same time, we also encourage our employees to equip themselves with the necessary AI skills, which will be crucial for our collective success.”

iCoach’s knowledge base was developed in partnership with Marshall Goldsmith, a leading coaching expert with over four decades of experience working with top CEOs and executives, including those from Fortune 500 companies. Dr Goldsmith was inducted by Thinkers50[2] into its Hall of Fame in 2018 and is the only two-time Thinkers50 #1 Leadership Thinker in the World. He was also the inaugural winner of the Lifetime Award for Leadership by the Harvard Institute of Coaching.

iCoach is always-on and available 24/7 to provide employees with just-in-time personalised career guidance. It is tailored to each employee, drawing on the context of the bank’s roles, functions and internal mobility pathways to deliver relevant and actionable career advice. Data from International Coaching Federation and Better Up Career Coaching showed 70% of people in organisations who underwent coaching benefitted from improved work performance, relationships and more effective communication skills. 80% of people who received coaching reported increased self-confidence.

iCoach further reinforces the bank’s commitment to upskilling its employees and building career resilience, and complements other DBS initiatives including:

  • iGrow, an AI / machine learning-powered platform that offers personalised career advice by matching employees to tailored learning and job opportunities based on their career and training history.
  • DBS Mentoring Programme, which connects employees with leaders and peers, enabling them to gain practical guidance, career insights and support at critical points in their professional growth.
  • DBS Learning Hub, which provides employees with more than 10,000 curated courses, to learn and pick up new skills.
  • Be My Guest Programme, where employees have the opportunity to participate in job shadowing, workshops and projects across departments. Last year, over 4,000 such opportunities were taken up by employees.

The bank’s commitment to supporting employees with career development has contributed to its recognition as an employer of choice. In 2025, DBS was ranked first in TIME’s 500 Best Companies in Asia Pacific, while in 2024, the bank was named among Forbes World’s Best Employers. In Hong Kong, DBS Hong Kong was also recognised at the “Bloomberg Businessweek – Financial Institutions 2025 Awards”, winning the “Training Academy – Excellence Performance” and “Training Program of the Year – Outstanding Performance” awards. Additionally, DBS Hong Kong was honoured with the “Employer of the Year”, “HR Team of the Year”, and the “Grand Award of Recruitment” at the Jobsdb Hong Kong HR Awards 2024/25.

[1] Coaching focuses on achieving specific, short-term goals through structured guidance, while mentoring emphasises long-term personal and professional growth through a supportive relationship. For more info here.
[2] Thinkers50 is the world’s pre-eminent global ranking of management thinkers and has been described by The Financial Times as “the Oscars of management thinking”.

Hashtag: #DBS

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

About DBS

DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “” by Global Finance, “” by Euromoney and “” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “” by Euromoney and the world’s “” by The Banker. In addition, DBS has been accorded the “” award by Global Finance for 16 consecutive years from 2009 to 2024.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit .

UnionPay Enhances Payment Convenience for Chinese Visitors to Malaysia

By
Advertorial Desk
-

SHANGHAI, July 24, 2025 /PRNewswire/ — UnionPay International (UPI) is enhancing the way Chinese tourists experience Malaysia this summer. Since the implementation of the mutual visa exemption between China and Malaysia on 1 June 2025, travel between the two countries has become more convenient, and UnionPay is ensuring that payment experiences keep pace with that convenience.

Chinese visitors can enjoy smooth and secure payments across Malaysia using UnionPay cards and mobile app. Around 95 % of local merchants now accept UnionPay cards at POS terminals. At the same time, the UnionPay App is now compatible with DuitNow QR, Malaysia’s national QR code standard, allowing UnionPay cardholders to make payments at millions of locations including restaurants, retail stores, hotels and popular attractions.

To make each trip even more rewarding, UnionPay has introduced a range of summer offers in collaboration with well-known merchants across several key destinations in Malaysia:

  • Kuala Lumpur: Enjoy RM80 cashback at Pavilion KL with a minimum spend of RM400; RM20 instant rebate at Watsons (min. RM120); exclusive gifts with RM150 spend at Gateway@KLIA2; and RM5 off at selected airport F&B outlets (min. RM40).
  • Selangor & Johor: Tiered cashback offers at Paradigm Mall PJ and JB, with up to RM300 in rewards; triple WCT Buddy Points for UnionPay users (limited to 9 million points).
  • Penang: Get RM100 off at Japanese restaurants ENOSHIMA, Kirishima, and Miraku (min. RM500); RM10 off at Entopia Butterfly Farm (min. RM50); and 10% discount at Tapestree Café.
  • Durian Experience: RM32 off with a minimum spend of RM150 at DKing durian outlets. Eligible purchases also come with a complimentary Musang King Mooncake, while stocks last.

            Full terms and conditions are available on the UnionPay App and official website.

In May 2025, UnionPay International and Tourism Malaysia signed an MoU in Shanghai to advance tourism promotion and merchant enablement. This cooperation aims to improve payment accessibility, enhance joint marketing, and support preparations for Visit Malaysia Year 2026.

“From arrival to departure, UnionPay is committed to offering Chinese travelers a seamless, secure, and rewarding payment experience in Malaysia,” said Dr. Jian Jiangtao, Regional Head of UnionPay International Southeast Asia. “Our goal is to integrate payment solutions into every stage of the journey and support the development of local tourism.”

In addition to serving inbound travellers, UnionPay is also strengthening its local value proposition. Malaysian-issued UnionPay cards from Public Bank, ICBC Malaysia, Bank of China Malaysia and AmBank can now be connected to WeChat Pay and Alipay for use across mainland China, with typical 3% international card service fees waived. This initiative enhances cross-border connectivity and benefits Malaysians traveling to China for business, study, or leisure.

As Chinese and Malaysian travellers enjoy greater mobility and deeper bilateral ties, UnionPay remains committed to enabling mutually beneficial, two-way digital payment experiences between the two nations.

UnionPay Enhances Payment Convenience for Chinese Visitors to Malaysia

By
Advertorial Desk
-

SHANGHAI, July 24, 2025 /PRNewswire/ — UnionPay International (UPI) is enhancing the way Chinese tourists experience Malaysia this summer. Since the implementation of the mutual visa exemption between China and Malaysia on 1 June 2025, travel between the two countries has become more convenient, and UnionPay is ensuring that payment experiences keep pace with that convenience.

Chinese visitors can enjoy smooth and secure payments across Malaysia using UnionPay cards and mobile app. Around 95 % of local merchants now accept UnionPay cards at POS terminals. At the same time, the UnionPay App is now compatible with DuitNow QR, Malaysia’s national QR code standard, allowing UnionPay cardholders to make payments at millions of locations including restaurants, retail stores, hotels and popular attractions.

To make each trip even more rewarding, UnionPay has introduced a range of summer offers in collaboration with well-known merchants across several key destinations in Malaysia:

  • Kuala Lumpur: Enjoy RM80 cashback at Pavilion KL with a minimum spend of RM400; RM20 instant rebate at Watsons (min. RM120); exclusive gifts with RM150 spend at Gateway@KLIA2; and RM5 off at selected airport F&B outlets (min. RM40).
  • Selangor & Johor: Tiered cashback offers at Paradigm Mall PJ and JB, with up to RM300 in rewards; triple WCT Buddy Points for UnionPay users (limited to 9 million points).
  • Penang: Get RM100 off at Japanese restaurants ENOSHIMA, Kirishima, and Miraku (min. RM500); RM10 off at Entopia Butterfly Farm (min. RM50); and 10% discount at Tapestree Café.
  • Durian Experience: RM32 off with a minimum spend of RM150 at DKing durian outlets. Eligible purchases also come with a complimentary Musang King Mooncake, while stocks last.

            Full terms and conditions are available on the UnionPay App and official website.

In May 2025, UnionPay International and Tourism Malaysia signed an MoU in Shanghai to advance tourism promotion and merchant enablement. This cooperation aims to improve payment accessibility, enhance joint marketing, and support preparations for Visit Malaysia Year 2026.

“From arrival to departure, UnionPay is committed to offering Chinese travelers a seamless, secure, and rewarding payment experience in Malaysia,” said Dr. Jian Jiangtao, Regional Head of UnionPay International Southeast Asia. “Our goal is to integrate payment solutions into every stage of the journey and support the development of local tourism.”

In addition to serving inbound travellers, UnionPay is also strengthening its local value proposition. Malaysian-issued UnionPay cards from Public Bank, ICBC Malaysia, Bank of China Malaysia and AmBank can now be connected to WeChat Pay and Alipay for use across mainland China, with typical 3% international card service fees waived. This initiative enhances cross-border connectivity and benefits Malaysians traveling to China for business, study, or leisure.

As Chinese and Malaysian travellers enjoy greater mobility and deeper bilateral ties, UnionPay remains committed to enabling mutually beneficial, two-way digital payment experiences between the two nations.

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