Hong Kong government continues to introduce new regulations to build a healthier and more stable asset management ecosystem

HONG KONG SAR – Media OutReach Newswire – 29 March 2024 – Recent growth in the institutional investor segment in the Chinese Mainland is providing an opportunity for global asset managers that have experience in this area. The Chinese Mainland remains a huge economy with massive and evolving investment opportunities.

The Asset Management and Private Equity Outlook considers the prospects for the asset management and private equity sector, from broad issues including regulatory developments to key topics like capital markets, virtual assets and family offices.

Andrew Weir, Global Chair, Asset Management, KPMG International says: “The domestic asset management market in China continues to mature, mostly driven by the retail sector. Recent growth in the institutional investor segment in the Chinese Mainland is also providing an opportunity for global asset managers that have experience in this area. Amid the uncertain global environment, a wait-and-see approach has sometimes been adopted, but now firms should also consider the upside opportunity compared to the downside risk of waiting.”

The environment for IPOs in Hong Kong and other markets has a significant impact on the performance of the asset management sector, particularly private equity. 2023 was a quiet year for IPOs in terms of number and funds raised across all major stock markets globally. Looking ahead, interest rates may continue to come down this year. This will benefit the IPO market by improving liquidity and valuations, although the timing and pace of such rate cuts remains a matter for debate. While 2024 is unlikely to see a major resurgence in IPOs in Hong Kong or other markets, KPMG is cautiously optimistic in expecting that this year could mark the beginning of a longer term recovery in activity.

Hong Kong’s favourable tax regime is one of the key pillars of its success as a global asset management hub, but the city must ensure that its advantages remain competitive with other locations. The Family Office incentive introduced last year shows how well-designed and promoted incentives can be successful in attracting investment to Hong Kong. However, fund managers may face difficulties in fulfilling the requirements of some other incentives, such as the Tax Concession for Carried Interest. The Government has announced that it is currently reviewing the incentive and it is anticipated that changes will be made to the regime in order to make it more in line with industry’s expectation.

Darren Bowdern, Head of Asset Management Tax, ASPAC, KPMG China says: “Removing the uncertainty around some of the current incentives is the most important step. More clarity about the scope of the incentives available and the conditions that need to be satisfied will also address concerns of global asset managers about domiciling funds and SPVs in Hong Kong.”

While the external environment remains challenging, the Hong Kong government has continued to make efforts to build a healthier and more stable asset management ecosystem. It has introduced a variety of new regulations such as new rules, guidance and circulars around virtual assets. The introduction of the licencing regime for virtual assets trading platforms will move the trading of virtual assets into a regulated space, which will bring about more stability, certainty and investor protection. With its proactive approach to regulation, Hong Kong has successfully established itself as a hub in the virtual assets space, and it is expected that more regulatory developments will follow in 2024.

There have also been a range of incentives specifically aimed at encouraging family offices and high-net-worth individuals, including the Family Office tax incentive policy and the Capital Investment Entrant Scheme (CIES). These incentives have been widely welcomed by asset managers in Hong Kong and have generated a lot of interest from ultra-high-net-worth families, especially from the Chinese Mainland. Hong Kong is already an attractive destination for family offices, given its competitive tax regime, finance professionals and variety of investment products. While 2023 saw a lot of interest from clients in learning about the structure and requirements, it is expected that more family offices will be established in the year ahead as UHNWIs put their plans into action.

Vivian Chui, Head of Securities and Asset Management, Hong Kong, KPMG China says: “Looking at the longer term outlook, the Chinese Mainland remains a huge economy with massive and evolving investment opportunities. This will continue to be to Hong Kong’s advantage when the global economy recovers and activity in the asset management sector picks up again. Hong Kong should be making the effort to emphasise its attractions as a global hub for asset management to be ready to capture the opportunities when growth resumes.”

Hashtag: #KPMGChina

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

About KPMG China

KPMG China has offices located in 31 cities with over 15,000 partners and staff, in Beijing, Changchun, Changsha, Chengdu, Chongqing, Dalian, Dongguan, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Hefei, Jinan, Nanjing, Nantong, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Taiyuan, Tianjin, Wuhan, Wuxi, Xiamen, Xi’an, Zhengzhou, Hong Kong SAR and Macau SAR. Working collaboratively across all these offices, KPMG China can deploy experienced professionals efficiently, wherever our client is located.

KPMG is a global organization of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organization or to one or more member firms collectively.

KPMG firms operate in 144 countries and territories with more than 236,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities.

KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

In 1992, KPMG became the first international accounting network to be granted a joint venture licence in the Chinese Mainland. KPMG was also the first among the Big Four in the Chinese Mainland to convert from a joint venture to a special general partnership, as of 1 August 2012. Additionally, the Hong Kong firm can trace its origins to 1945. This early commitment to this market, together with an unwavering focus on quality, has been the foundation for accumulated industry experience, and is reflected in KPMG’s appointment for multidisciplinary services (including audit, tax and advisory) by some of China’s most prestigious companies.

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 29 March 2024 – One of the most misunderstood terms in Forex trading is swap or Forex swap. To trade successfully, you should understand what Forex swap depends on and how it is calculated. This material describes what a Forex swap is, explains its mechanics, and describes swap-free trading accounts.Forex swap.

Definition

Swap is a commission charged for carrying open positions overnight to the next trading day in the Forex market. The exact moment when the swap is withdrawn from your trading account depends on your broker. Most brokers charge it most often between 11 p.m. and 12 a.m. server time.

The Forex market is over-the-counter and non-deliverable, meaning you are not the owner of the trading asset. In order not to cause the need for calculations, the system automatically closes an open position on the current trading day and opens it on the next one. Such closing is considered conditional, as the position is carried over, and the swap is charged.

Depending on the value of the swap and the position, the swap can be negative or positive. In other words, you will either have to pay a commission or be paid a commission for holding an open position overnight. This is because the margin system used in Forex trading allows you to use the additional capital the broker provides. You borrow funds to open a position from your broker.

There is an opinion among traders that the Forex swap is nothing but a broker’s commission. However, this is not true. Let’s find out how swaps work in the Forex market.

How do swaps work in the Forex market?
Every time you open a position, you make two transactions: buying one and selling another currency in a currency pair. So, you are essentially borrowing that money to sell one of the currencies and need to pay interest on the borrowed amount. However, in doing so, the currency you buy will earn you interest.

If the base interest rate on the currency you buy is higher than the currency you sell, you can earn interest on the difference in rates for carrying an open position to the next day. However, given the broker’s markup, regardless of the direction of the open position (buying or selling), you will have to pay a commission.

Thus, the value of a swap depends on the market and the instrument you are trading. For example, the swap on the same EURUSD and USDJPY positions will differ.

The value of swap varies depending on:

• online broker
• type of the position—Buy or Sell
• type of the asset
• number of days the position remains open
• nominal value of the position (number of lots).

Why is there a triple swap?
Sometimes, a swap is charged for holding an open position over the weekend, even if you did not have it on Saturday and Sunday. Such a fee is called a triple swap. Since the markets are closed on weekends, the triple swap was invented to compensate for this and is charged either on Fridays or Wednesdays, depending on the specific market.

This is because orders are settled on the Forex market on the second working day from the trade date (T+2). Since the value date falls on a weekend, the transfer is made for three days at once (on Monday). Therefore, from Wednesday to Thursday (at 12 a.m.), the swap is charged for the past weekend and Wednesday.

In other words, if you hold your position overnight when the triple swap is applied, your order will be charged three times the standard swap.

Are there swap-free accounts?
To make trading more convenient and accessible, many brokers have introduced the concept of swap-free accounts.

Swap-free accounts relieve the trader from the need to constantly monitor the size of accounting rates on currencies in a currency pair, make trading more straightforward, and allow taking into account in advance the commission for the transfer of positions when calculating the financial result of planned transactions. It is also relevant for those clients who cannot use swaps due to religious beliefs. This determines the second name of this type of account—Islamic accounts.

Charged daily, the swap fee accumulates over time, making trading less favourable. To enhance the investment opportunities of its customers, Octa has decided to remove swap fees for all types of trading accounts. These fees will no longer prevent traders from using medium- and long-term strategies in the financial market. Now, they can keep that position open for as long as they see fit and with no swap cost.

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

Octa

Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services already utilised by clients from 180 countries with more than 42 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

Octa has also won over 70 awards since its foundation, including the ‘Best Educational Broker 2023’ award from Global Forex Awards and the ‘Best Global Broker Asia 2022’ award from International Business Magazine.

MACAU SAR – Media OutReach Newswire – 29 March 2024 – Get ready to step into a joyous world of SANRIO CHARACTERS at Studio City with the “SANRIO CHARACTERS STUDIO CITY CARNIVAL” campaign launching on March 29. Guests will have the opportunity to embark on a SANRIO journey with their favorite characters including HELLO KITTY, MY MELODY, KUROMI, CINNAMOROLL, GUDETAMA, POMPOMPURIN, BAD BADTZ-MARU, KEROKEROKEROPPI, and LITTLE TWIN STARS.

Studio City will be transformed into a vibrant celebration of SANRIO charm, featuring life-sized installations of endearing characters with camera-ready spots throughout the resort, and a number of exclusive experiences*. Guests are invited to explore SANRIO-themed interior designs, savor gourmet delights at selected outlets, and enjoy a one-of-a-kind SANRIO themed Golden Reel cabin experience complete with a limited-time SANRIO CHARACTERS afternoon tea set offer.

In addition to the visual and culinary delights, the Carnival also offers a host of interactive activities designed to delight and engage. From SANRIO CHARACTERS meet-and-greets to complimentary popcorn giveaways, the Carnival ensures a memorable experience for visitors of all ages. Guests can also capture and share joyful moments to receive special gifts.

Melco Style WeChat members may enjoy exclusive privileges* — members can look forward to complimentary gifts upon spending MOP500 at designated outlets and a SANRIO CHARACTERS X Melco Style Macau Pass with a spend of MOP1,000.

Whether you are a lifelong fan or discovering the charm of Sanrio family for the first time, the “SANRIO CHARACTERS STUDIO CITY CARNIVAL” is the perfect way to welcome spring.

SANRIO CHARACTERS STUDIO CITY CARNIVAL- LAUNCHING ACTIVITIES

Activity 1: Receive one limited exclusive SANRIO CHARACTERS tote bag upon taking photos with on-site installations and share on social media with campaign hashtags^. Applicable dates: March 29 – March 31 Time: 14:00 – 20:00

Activity 2: Guests wearing or carrying any SANRIO CHARACTERS apparel can enjoy a free ride on the Golden Reel. Applicable dates: March 29 – March 31

Activity 3: Free popcorn offer to immerse yourself in the carnival atmosphere of the SANRIO CHARACTERS cute invasion at Studio City! Applicable dates: March 29 – June 30 Time: 12:00 – 18:00

^The designated hashtags:

#Sanriocharacters

#StudioCity

#MelcoStyle

#Sanriohk

For more information, please visit https://www.studiocity-macau.com/en/offer/sanrio-at-studio-city

*Terms & Conditions apply

Hashtag: #Sanriocharacters #StudioCity #MelcoStyle #Sanriohk

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

HONG KONG SAR – Media OutReach Newswire – 29 March 2024 – Southco Asia Ltd., a subsidiary of Southco Inc., a leading global provider of engineered access solutions such as locks, latches, captive fasteners, electronic access solutions and hinges/ positioning technology has expanded its successful line of E6 Constant Torque Hinges with a compact, nylon version designed for small applications. The newest addition to our E6-50 Constant Torque Position Control Hinge series measures 45mm with a torque range of 4-16 in/lbs and is 65% lighter in weight compared to our standard E6-50 Hinge. Southco’s line of Constant Torque Position Control Hinges provide constant resistance throughout the entire range of motion, enabling users to easily position doors, display screens and other mounted components and hold them securely at any desired angle – fully opened, fully closed or anywhere in between.

Constructed of robust nylon and stainless steel, the new E6 Constant Torque Position Control Hinge provides the benefits of constant torque and contemporary styling in a compact, economic package for smaller doors and panels. The nylon E6 series is available with both symmetric and asymmetric torque, offering a more refined feel in any application. Southco’s line of position control hinges are available in a wide variety of torque ranges, sizes and materials to satisfy application needs across industries. Southco position control hinges provide reliable positioning and consistent operating efforts, and guaranteed performance without adjustment for the lifetime of most applications.

Global Product Manager Stewart Beck adds, “Southco’s new nylon E6 Constant Torque Position Control Hinge offers corrosion resistant position control in a small package, making it an ideal solution for variety of applications requiring an economic friction solution to hold open smaller panels, doors and lids.”

For more information about Constant Torque Position Control Hinge, please visit southco.com or email the 24/7 customer service department at info@southco.com.

Hashtag: #southco #hinge #torque #positioncontrol #door #panel

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

About Southco

Southco, Inc. is the leading global designer and manufacturer of engineered access solutions. From quality and performance to aesthetics and ergonomics, we understand that first impressions are lasting impressions in product design. For over 70 years, Southco has helped the world’s most recognized brands create value for their customers with innovative access solutions designed to enhance the touch points of their products in transportation and industrial applications, medical equipment, data centers and more. With unrivalled engineering resources, innovative products and a dedicated global team, Southco delivers the broadest portfolio of premium access solutions available to equipment designers throughout the world.