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Greater Bay Area Residential Market Largely Stabilized, Although Sentiment in Q2 2025 Marred by Geopolitical Risks

Logistics Portfolio Investment Transactions Gain Attention, Neighborhood Retail Assets Becoming Sought After

  • Greater Bay Area (GBA) cities continued to extend property-related easing policies from last year through the 1H 2025 period, with a focus on alleviating financial pressure on the supply side and supporting overall residential market sentiment
  • However, transaction activity slowed from April 2025, impacted by uncertainties from the trade tariff war, with 1H 2025 GBA primary residential sales numbers growing slightly at 3% y-o-y
  • Total investment volume in the GBA commercial real estate (CRE) market reached RMB24.7 billion in 1H 2025, accounting for more than 31% of the overall Chinese mainland investment market
  • The industrial/logistics sector’s share of total GBA CRE investment expanded notably with several large-sized logistics portfolio deals recorded, while neighbourhood retail malls also captured interest

HONG KONG SAR – Media OutReach Newswire – 29 July 2025 – Global real estate services firm Cushman & Wakefield today published its Greater Bay Area Residential and Commercial Real Estate Investment Market 1H 2025 Review and 2H Outlook. Local governments across GBA cities continued the real estate policies introduced last year through the 1H 2025 period to continue to support a stable market recovery, including easing restrictions on the demand side and alleviating financial pressures on the supply side. From January to March, primary residential market transaction numbers and prices demonstrated growth. Regardless, market sentiment has been weakened since April by uncertainties surrounding the trade tariff war, again prompting potential home buyers to adopt a wait-and-see approach, and resulting in a pause in the upward momentum in home prices. GBA primary residential sales numbers through 1H 2025 recorded mild y-o-y growth of 3%. As for the CRE investment market (large-sized deals at >RMB100 million), property owners have adjusted their expectations. The industrial/ logistics sector accounted for more than 50% of the total GBA investment consideration in 1H 2025, with several large-sized logistics portfolio deals recorded. At the same time, the market has seen increasing interest in the neighborhood retail sector, where assets with stable rental yields are gaining investors’ attention. We expect to see more high-quality retail assets transacted in the second half of the year.

GBA Residential Market

Following the Central Government’s reiteration of the need to halt the real estate market decline and spur a stable recovery in its 2025 work report, both the Central Government and GBA local governments continued to extend market-easing real estate policies from last year through the 1H 2025 period. Measures on the demand side, such as “four cancellations” and “four reductions” were extended. Authorities also focused on alleviating financial pressures on the supply side, aiming to strengthen overall market sentiment and boost buyer confidence. Key initiatives included promoting the launch of special-purpose bonds to reclaim and acquire idle land and unsold residential units. Notably, Guangzhou became the first Tier-1 city in the country to fully abolish the “three restrictions” in housing policy.

The GBA primary residential market showed resilience in the Q1 period despite being the traditional off-season. Monthly transaction numbers from January to March expanded on the same period last year. However, starting from April, greater uncertainties surrounding the trade tariff war weighed on overall economic performance and dampened residential market sentiment. In turn, more potential home buyers adopted a wait-and-see approach. New home sales in April fell by 16% from March, while May and June remained largely stable. The GBA primary residential market recorded approximately 137,000 transactions in the 1H 2025 period, up slightly at 3% y-o-y, with Tier-1 cities such as Guangzhou and Shenzhen showing significant growth. However, comparing with the significant recovery following last year’s introduction of aggressive easing policies, the 1H 2025 total transaction number was down 26% from the 2H 2024 level (Chart 1).

Chart 1: GBA First-Hand Residential Sales
Source: CREIS, Cushman & Wakefield

In terms of home prices, primary market prices are more swayed by the quality level of newly launched projects. First-hand residential prices in the nine GBA mainland cities showed mixed performances in 1H 2025. Developers generally adopted more realistic pricing strategies to attract buyers, actively offloading inventory to improve cash flow. For secondary home prices, which better reflect current underlying trends, and using Shenzhen as an example, the Cushman & Wakefield Shenzhen mid-to-high-end secondary home price index strengthened by 4.0% from the Q4 2024 level. However, as market sentiment turned more cautious from April, overall prices experienced downward pressure and recorded a q-o-q decline of 4.4% in Q2, bringing the year-to-date adjustment to a modest -0.5% (Chart 2).

Chart 2: Shenzhen Mid-to-High-End Secondary Home Price Index
Source: Cushman & Wakefield

Alva To, Cushman & Wakefield’s Vice President, Greater China & Head of Consulting, Greater China said, “With central and local governments continuing to relax demand-side policies, and with the central government actively promoting the development of “Good Housing,” we expect pent-up demand from both first-home buyers and upgraders to be further released. Through the past six months, local governments have accelerated the implementation of special-purpose bonds to reclaim and acquire idle land and unsold units, helping to alleviate developers’ financial pressures and promote supply-demand balance in the housing market. These efforts should also support potential homebuyers’ confidence and, in turn, a stable recovery in the GBA residential market. In the 1H 2025 period, new home sales numbers stood out in Guangzhou and Shenzhen, indicating that high-quality residential units, in prime locations in first-tier cities, at reasonable prices continue to be sought after despite market volatility.

“However, uncertainties surrounding trade tariff policies contributed to weaker sentiment in the GBA residential market in Q2, and the restoration of market confidence is expected to take time. We believe that, even if China-U.S. trade tensions show sign of easing in 2H 2025, lingering uncertainty may keep buyers cautious through the Q3 period, and residential transaction numbers are not likely to strengthen significantly. Nonetheless, fundamental housing demand from first-time homebuyers and upgraders is likely to provide continuous support to the GBA residential market. We forecast average monthly new home sales to record around 27,000 to 28,000 units in 2H 2025, bringing the full-year 2025 transaction number to approximately 300,000 units. Meanwhile, home prices are still facing downwards pressure, with a full-year price correction estimated in the range of a 0%–5% decline.”

GBA CRE Investment Market

The GBA CRE property investment market remained resilient in the 1H 2025 period, with total investment volume reaching RMB24.7 billion, marking a 108% increase compared to the same period last year, and accounting for around 31% of total investment volume in the Chinese mainland (see Chart 3). Among the 35 transactions, 31 were at less than RMB1 billion, reflecting that investors remain cautious on big-ticket transactions.

Chart 3: CRE Investment Transactions in the GBA (2020 – 1H 2025)
Source: Cushman & Wakefield

By property type, industrial and logistics assets accounted for the largest share of total CRE property investment in the GBA by transaction value in 1H 2025, with 14 related deals making up more than half of the total investment volume (see Chart 4). Within the industrial and logistics transactions, Tier-2 cities including Zhuhai, Foshan, Dongguan, Zhongshan, Jiangmen, Zhaoqing, and Huizhou, recorded a combined transaction volume of RMB9.6 billion, comprising both logistics portfolios and individual warehouse deals. Dongguan, classified as a Tier-2 city, stands out as a top choice for logistics investment due to its strategic location, making it the most desirable logistics hub within the GBA and a key focus for investors.

Investment interest in the neighborhood retail sector also continued to heat up in the 1H period. Assets with stable rental yields and mature operations are favored by the market, attracting a diverse range of buyers. A total of nine retail sector transactions were recorded in the GBA in 1H 2025.

Chart 4: Share of Asset Type in the GBA CRE Investment Market (by Transaction Volume)
Source: Cushman & Wakefield

Charli Chan, Cushman & Wakefield’s Deputy Managing Director, Capital Markets, China
commented,

“Looking ahead to 2H 2025, among the various types of investment properties, we believe the logistics and commercial sectors will continue to outperform. With the ongoing expansion of cross-border e-commerce, demand for logistics assets has remained strong and continues to attract investor attention. However, the GBA’s warehouse market is expected to see a heavy new supply pipeline over the next two to three years, which will likely lead to a rise in vacancy rates and exert downward pressure on rents. Moreover, since the onset of the China–U.S. trade tensions, market sentiment has become more volatile. Logistics asset owners have become more pragmatic, allowing for greater room in price negotiations. This has helped narrow the expectation gap between buyers and sellers, potentially facilitating more transactions in logistics and warehouse facilities. We believe institutional and long-term investors will seize this opportunity to hunt for value. On the other hand, we expect to see more transactions involving high-quality commercial assets in the 2H 2025 period. Benefiting from the spillover of Hong Kong residents’ spending power and a shift toward mid- to lower-end consumption, well-performing shopping centers and community retail malls are gaining market traction and interest from potential investors. However, mall owners in Tier-1 cities tend to be more reluctant to sell, whereas owners in Tier-2 cities are more pragmatic, making retail projects in mature communities the preferred investment sectors for insurance companies and real estate funds.”

Please click here to download photos.
Photo 1: Alva To, Cushman & Wakefield’s Vice President, Greater China & Head of Consulting, Greater China (Left), and Charli Chan, Cushman & Wakefield’s Deputy Managing Director of Capital Markets, China (Right)
Hashtag: #Cushman&Wakefield

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

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2023, the firm reported revenue of $9.5 billion across its core services of valuation, consulting, project & development services, capital markets, project & occupier services, industrial & logistics, retail and others. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit or follow us on LinkedIn ().

Sino Jet Wins Two Awards at the China Finance Summit 2025

HONG KONG, July 29, 2025 /PRNewswire/ — The 14th Finance Summit and the New Quality Productive Entrepreneurs Conference 2025 have successfully wrapped up in Shanghai. At this distinguished event, where industry leaders gathered to delve into the driving forces behind China’s economic transformation and growth, Sino Jet, a leading business aviation company in the Asia-Pacific region, garnered significant attention by receiving two prestigious awards: the “Technological Innovation Leadership Award” and the “Digital Intelligence Innovation Leadership Award”. This accolade marks Sino Jet’s ongoing recognition at the Finance Summit over the years and further highlights the company’s technological prowess and influential role in the business aviation industry.

Empowering the Industry through Digital Intelligence Transformation, Pioneering a New Era in Business Aviation

The theme of this year’s Finance Summit, “Navigating the Waves of Change, Building Economic Resilience”, attracted numerous industry elites to exchange insights and explore the future of China’s economy. Participants engaged in comprehensive discussions on critical issues such as new quality productivity, technological innovation, industrial upgrading, and green development, sharing cutting-edge perspectives and practical experiences that offered valuable insights into uncovering the driving forces behind China’s economic development in the face of new challenges and changes.

As the first national high-tech enterprise in China’s business aviation industry, Sino Jet has, since its foundation in 2011, consistently prioritized technological innovation as its core driving force. The company has unwaveringly increased its investment in research and development, leading the charge in spearheading a digital transformation wave within the business aviation industry. Its self-developed “Cloud of Sino Jet” intelligent operation platform and “Digital Intelligence Sino Jet” operation control center have emerged as exemplary models of digital and intelligent transformation in the industry.

The “Cloud of Sino Jet” intelligent operation platform integrates various functional modules, including aircraft operation management, maintenance engineering management, operation safety management, and industry-finance integration management, enabling full lifecycle and whole-process digital management of business jets. The platform facilitates the visualization and intelligent management of all aspects, from flight schedule planning, crew allocation, to flight monitoring and airworthiness maintenance monitoring. Through real-time data analysis and intelligent algorithms, the platform can anticipate potential risks and provide precise decision-making support, thereby significantly enhancing the safety and reliability of flights. The “Digital Intelligence Sino Jet” operation control center utilizes advanced data integration capabilities and intelligent tools to achieve real-time monitoring and command of the global fleet, ensuring the safe and efficient operation of every aircraft.

In the current highly competitive market environment of business aviation, the significance of technological innovation and digital intelligence transformation for the industry has become increasingly pronounced. By actively driving digital intelligence transformation, Sino Jet has further elevated the customer experience. Customers can now access real-time flight updates and personalized services through the online platform, making business jet operations more comprehensive and transparent, greatly improving travel efficiency, and earning high recognition from the market and clients.

Fortifying Safety Foundations and Expanding Service Horizons through Smart Aviation

Leveraging its strong digital intelligence technology, Sino Jet has successfully established a global smart aviation service network. The company’s fleet size has consistently ranked first in the Asia-Pacific region for several years, and it has set up operation bases in more than 20 major cities both domestically and internationally, providing high-quality business aviation services to clients worldwide. Whether for business travel or luxury journeys, Sino Jet can cater to the diverse needs of clients with its extensive service network and professional service team.

Supported by its digital intelligence systems, Sino Jet has significantly enhanced its aircraft operation safety levels. The company continues to maintain the highest level of international business jet safety operation certification, which is a testament to Sino Jet’s safety management system and operational support capabilities. Additionally, the company has established a comprehensive safety training system, making full use of digital intelligence technology to provide personalized training programs for team members, thereby improving their safety awareness and emergency response capabilities and ensuring comprehensive safety assurance for flights.

The dual awards are not only a high recognition of Sino Jet’s technological innovation achievements but also a strong recognition of its contributions to advancing the progress and sustainable development of the business aviation industry. Looking ahead, Sino Jet will continue to uphold the concept of technological innovation and continuously increase investment in research and development. The company will further optimize the functions of the “Cloud of Sino Jet” intelligent operation platform and the “Digital Intelligence Sino Jet” operation control center to achieve more accurate flight prediction and decision support.

Meanwhile, Sino Jet will strengthen cooperation with domestic and foreign research institutions and enterprises, jointly carry out technical research and development and innovative applications, and work with industry partners to explore new business models and development opportunities, contributing to enhancing the international competitiveness of China’s business aviation industry and supporting China’s economy to achieve steady growth amid the wave of change.

For queries please contact:
Sino Jet Marketing Department
Telephone: (+852) 2588 7007 / (+86 10) 8416 2637
Email: marketing@sinojet.org / marketing@sinojet.org.cn
Website: http://www.sinojet.org/

Bybit Launches ETH Trading Competition With 100,000 USDT Prize Pool

DUBAI, UAE, July 29, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is marking the 10th anniversary of Ethereum with a limited-time ETH Trading Competition, offering a prize pool of 100,000 USDT.

Ethereum, launched on July 30, 2015, is a decentralized blockchain platform that introduced the concept of smart contracts — self-executing agreements coded directly onto the blockchain. As the second-largest cryptocurrency by market capitalization, Ethereum has become a foundational infrastructure for decentralized applications (dApps), powering key innovations across DeFi (decentralized finance), NFTs (non-fungible tokens), and DAOs (decentralized autonomous organizations). Its flexible, open-source architecture has positioned it at the center of Web3 development over the past decade.

“Ethereum has reshaped the digital world over the past decade,” said Claudia Wang, Head of Marketing at Bybit. “We’re proud to celebrate this industry milestone with our community through an engaging and rewarding trading competition.”

The event will run through August 5, commemorating a decade since the blockchain platform first went live in 2015. Participants who trade ETH on Bybit’s Spot or Derivatives markets during the event window will compete for leaderboard positions, with rewards distributed based on trading volume.

The leaderboard extends to the 20,000th place, making it easy for a large number of users to get rewarded. A minimum trading volume of just 100 USDT is enough to be eligible for a chance to rank. The prize pool of 100, 000 USDT includes airdrops ranging from 1 USDT to 200 USDT.

#Bybit / #TheCryptoArk

Bybit Launches ETH Trading Competition With  100,000 USDT Prize Pool
Bybit Launches ETH Trading Competition With 100,000 USDT Prize Pool

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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Sino Jet Wins Dual Awards at the International Green Zero-Carbon Festival 2025: Pioneering a Zero-Carbon Future Through Technological Innovation and Commitment

HONG KONG, July 29, 2025 /PRNewswire/ — The 4th International Green Zero-Carbon Festival and the ESG Summit 2025 were grandly hosted in Shanghai. With the theme “Practicing Green Development, Pioneering a Zero-Carbon Future”, the event aimed to comprehensively present the practical accomplishments of various industries under the dual-carbon strategic objectives and to deeply investigate innovative models of green development as well as effective strategies for achieving the dual-carbon goals. At this summit, Sino Jet was honored with the “Dual-Carbon Digital Pioneer” and “Sustainable Development Industry Model” awards for its systematic efforts and remarkable contributions to green aviation, thereby becoming a center of attention both within and beyond the industry.

Green Aviation Empowered by Digitalization, Establishing a Foundation of Safety and Environmental Responsibility

As a prominent business jet operator in the Asia-Pacific region, Sino Jet’s green strategy is grounded in a deep understanding of industry developments and a strong commitment to corporate social responsibility. In response to the country’s vigorous promotion of the dual-carbon strategy, Sino Jet proactively took action and became one of the first business jet companies in the industry to announce a carbon neutrality plan, integrating “Green Aviation” and “Digital Aviation” to enhance business jet operations.

Sino Jet, as a national high-tech enterprise, has leveraged its robust digital technology capabilities to develop a system tailored for business jet operations. This system incorporates digital management modules covering the entire lifecycle of aircraft operations, maintenance engineering, safety management, flight records, and finance, enabling efficient data integration and precise analysis across all areas. Through this system, Sino Jet has significantly improved aircraft safety, increased production efficiency and resource utilization, achieving the highest standards of safety and environmental protection in aircraft operations, while also ensuring the maximum preservation of aircraft assets.

By empowering green aviation and digital technology, Sino Jet has established a solid foundation for its corporate development based on the dual pillars of safety and environmental responsibility, and has also contributed its expertise and efforts to advancing the green transformation of the business aviation industry.

From the Inaugural Carbon-Neutral Flight to Comprehensive Green Initiatives, Leading the Future to Sustainable Aviation

In 2022, Sino Jet successfully completed China’s first carbon-neutral business jet flight. This groundbreaking achievement not only provided valuable insights for the exploration and research of sustainable development in the business aviation industry but also marked the beginning of a new era for green development in the industry.

To continuously promote the development of green aviation, Sino Jet has been publishing carbon emission reports annually, transparently presenting its green aviation achievements to the industry and the market. According to Sino Jet’s 2024 annual greenhouse gas emission report, despite the ongoing expansion of its business scale, the company’s total annual carbon emissions decreased by 11.4% compared to 2023, and the cumulative reduction reached 21.2% compared to the base year of 2021. This data clearly demonstrates the significant progress Sino Jet has made in energy conservation and emission reduction, and validates the effectiveness and sustainability of its green development strategy. Furthermore, Sino Jet actively participates in carbon sink forest project donations, creating a sustainable closed loop of “air responsibility flight – ground ecological carbon sequestration”, and demonstrating its commitment to corporate social responsibility through concrete actions to support the achievement of the national dual-carbon goals.

While maintaining its strengths in traditional business jet operations, Sino Jet is also exploring the field of new energy aircraft with a forward-thinking approach. The company has pioneered a novel “Business Jet + eVTOL” smart flight model, where eVTOL stands for electric vertical takeoff and landing aircraft, an innovative aviation vehicle that is safe, reliable, environmentally friendly, and cost-effective. This type of aircraft offers the benefits of zero emissions and low noise, and seamlessly integrates with business jets, providing customers with a more environmentally friendly and efficient travel option, and injecting new momentum into the development of sustainable green aviation.

Sino Jet has also deeply embedded the concept of green operations into every facet of its business. The company organizes second-hand market charity events to encourage employees and customers to donate idle items, promoting resource recycling; conducts tree planting activities to enhance the ecological environment; establishes a green supplier directory, giving priority to suppliers with environmental protection qualifications and sustainable development concepts, thereby promoting the greening of the supply chain; collaborates with low-carbon restaurants to introduce environmentally friendly meals, reducing food waste and carbon emissions; and organizes employees to sign green commitment letters, enhancing their environmental awareness and sense of responsibility.

These initiatives reflect Sino Jet’s comprehensive emphasis on and firm commitment to green development, not only enhancing the company’s market competitiveness but also setting an example for the green transformation of the entire industry. By fostering a green corporate culture, Sino Jet encourages employees and customers to participate in green development, creating a positive social impact.

The awards of “Dual-Carbon Digital Pioneer” and “Sustainable Development Industry Model” are a high recognition and affirmation of Sino Jet’s outstanding contributions in the field of green aviation. Looking ahead, Sino Jet will continue to strengthen technological and digital innovation, continuously explore new energy conservation and emission reduction technologies and methods, and further promote sustainable development. At the same time, the company will actively collaborate with industry partners to jointly explore more green development opportunities, taking responsibility as its commitment, writing a new chapter in the development of green aviation, and making greater contributions to building a harmonious coexistence between humans and nature on Earth.

For queries please contact:
Sino Jet Marketing Department
Telephone: (+852) 2588 7007 / (+86 10) 8416 2637
Email: marketing@sinojet.org / marketing@sinojet.org.cn
Website: http://www.sinojet.org/

CNOOC Limited Brings On-stream Dongfang 1-1 Gas Field 13-3 Block Development Project

HONG KONG, July 29, 2025 /PRNewswire/ — CNOOC Limited (the “Company”, SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that Dongfang 1-1 Gas Field 13-3 Block Development Project has commenced production.

The project is the first high-temperature, high-pressure, low-permeability natural gas project offshore China. It is located in the Yinggehai Basin, with an average water depth of approximately 67 meters. The main production facility is a new unmanned wellhead platform and it utilizes the existing processing facilities of the Dongfang gas fields for development. A total of 6 development wells are planned to be commissioned. The project is expected to achieve a peak production of approximately 35 million cubic feet of natural gas per day in 2026.

The existing facilities are used to connect the Dongfang 1-1 gas field and Dongfang 13-2 gas field. CNOOC Limited has thereby successfully established an integrated offshore gas production network in the Yinggehai Basin. It will facilitate the stable and reliable supply of natural gas in the region, providing strong support for the economic and social development of Guangdong, Hong Kong, and Hainan.

CNOOC Limited holds 100% interest in this project and is the operator.

— End —

Notes to Editors:

More information about the Company is available at https://www.cnoocltd.com.

*** *** *** ***

This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects or financial results. The words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company as of this date in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate under the circumstances. However, whether actual results and developments will meet the current expectations and predictions of the Company is uncertain. Actual results, performance and financial condition may differ materially from the Company’s expectations, including but not limited to those associated with macro-political and economic factors, fluctuations in crude oil and natural gas prices, the highly competitive nature of the oil and natural gas industry, climate change and environmental policies, the Company’s price forecast, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws and regulations.

Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations.

*** *** *** ***

For further enquiries, please contact:

Ms. Cui Liu
Media & Public Relations
CNOOC Limited
Tel: +86-10-8452-6641
Fax: +86-10-8452-1441
E-mail: mr@cnooc.com.cn 

Mr. Cheng Yao
Ever Bloom (HK) Communications Consultants Group Limited
Tel: +852 5540 0725
Fax: +852 2111 1103
Email: cnooc.hk.list@everbloom.com.cn 

Kinder and University of East London explore how shared play strengthens emotional bonds in families

  • New preliminary research supported by Kinder at the Institute for the Science of Early Years (ISEY) at the University of East London explores how play ignites language skills, builds emotional connection, and bridges family disconnect
  • To underpin its global Value of Play initiative, Kinder has convened a panel of leading academic and clinical experts to research how play supports active learning and development

LUXEMBOURG, July 29, 2025 /PRNewswire/ — In countries across the world, as parents will be preparing for the school holidays ahead, Kinder is releasing findings of new preliminary research conducted by the Institute for the Science of Early Years at the University of East London (UEL), which reveals the extraordinary power of shared play in strengthening family bonds. 

Supported by Kinder, one of the most beloved Ferrero brands, this study used state-of-the-art wearable technology worn by children and family members to capture real-time emotional and physical dynamics during in-home play sessions. The research explores how simple moments of play spark joy, encourage language, reduce stress and nurture emotional wellbeing.

“Our early studies reveal a striking pattern: many families often share the same physical space, but mentally they are miles apart – one child immersed in a video game, another focused on a toy, and a third lost in drawing. While solitary play has important benefits for children’s independence and creativity, our research shows how shared play can weave families into a unified dynamic. Through shared play, we see family relationships come alive.” said Sam Wass, Director of the Institute for the Science of Early Years at the University of East London, “Our research is looking at the ways play encourages children to form deeper bonds with their siblings and parents, leading to more connected speech patterns and movement patterns within families. Even more remarkable, our research suggests that play might affect the synchronization of families’ moods and stress levels, highlighting play’s powerful role in emotional connection and collective well-being. I’m looking forward to seeing how Kinder’s ongoing research with the Value of Play panel will continue to unearth new insights and areas for exploration.”  

These initial results pave the way for further analysis by researchers at the University of East London and Kinder. Their continued work will explore how joint play influences children’s long-term emotional well-being and stress regulation by strengthening inter-connectedness within families.

Kinder Value of Play panel: ongoing global research

A panel of leading academic and clinical experts has been established to look into the benefits of play in childhood development. For the past year, four internationally recognised experts have been conducting independent research studies on how spontaneous and joyful play contributes to children’s growth – with a particular emphasis on emotional and social development, as well as imagination. The Value of Play panellists are:

  • Sam Wass, Director of the Institute for the Science of Early Years at the University of East London
  • Dr Elizabeth Kilbey, Consultant in Clinical Psychology
  • Victoria Murphy, Professor of Applied Linguistics and Director of Department of Education at the University of Oxford
  • Lynn Ang, Professor of Early Childhood Education, University College London

By promoting the importance of play, Kinder aims to foster a culture where play is valued and prioritised.

At Kinder, we aim at contributing to a society that values time spent in play. We are captivated by the transformative power of play, its ability to foster children’s development joyfully and its role in strengthening family bonds. This new global initiative fills me with pride, as it deepens Kinder’s collaboration with experts within this field” said Emiliano Laricchiuta, Global President of Kinder at Ferrero Group. “Together, we will continue to delve into the profound benefits of play on early childhood development. The research insights will be available for parents and families and will also guide the development of our toys and play experiences to be engaging and fun but also rooted in scientific insights. This way, both children and parents can enjoy and benefit from play in ways that are backed by research.”

Additional research findings from the expert panel will be released later in 2025 and into 2026 and made available on Kinder.com. Upcoming research includes:

  • The Power of Play (PoP) Study: Understanding the Role and Value of Play in Supporting Early Learning and Development, a systematic review and qualitative research conducted by University College London, Institute of Education.  The research explores how play — especially loose-part play and play interactions – support early learning, with a focus on social and emotional development.
  • Young children’s learning through digital technology, including the role of AI

Insights from the LiFT project (Learning for Families Through Technology). The partnership between Ferrero International, Gameloft and the Department of Education at the University of Oxford is now in its sixth year, using Kinder’s Applaydu platform as a research tool to explore how digital technology and mobile applications can support children’s learning – with a focus on creativity and literacy.

For more information please click here.

Notes to Editors

About Ferrero

Ferrero began its journey as a pastry shop in the small town of Alba in Piedmont, Italy, in 1946. Today, it is one of the world’s largest sweet-packaged food companies, with much loved brands sold in more than 170 countries. The Ferrero Group brings joy to people around the world with much-loved products including Nutella®, Kinder®, Tic Tac®, and Ferrero Rocher®. 

About 47,000 employees are passionate about helping people celebrate life’s special moments. The Ferrero Group’s family culture, now in its third generation, is based on dedication to quality and excellence, heritage and a commitment to the planet and communities in which we operate. 

To receive the latest news and stories, subscribe to our newsletter here

For more information, please visit www.ferrero.com 

About Kinder Chocolate

The Kinder® brand was founded in 1968 and is inspired by bringing small but special moments to everyday life. Kinder creates innovative products made for sharing, family and togetherness across all ages. Kinder products include Kinder Surprise, Kinder Chocolate and Kinder Bueno

About ISEY (The Institute for the Science of Early Years)
The Institute for the Science of Early Years (ISEY) is based in East London, in one of the most socio-demographically diverse regions in the world. We have developed innovative, world-leading methods to study how early environments shape early development. We use these insights to provide consultancy, training, and policy advice.

About the University of East London (UEL)
Founded in 1898, the University of East London is a careers-led university at the heart of London’s Docklands, preparing students for the jobs of the future. UEL is committed to driving positive change in its local and global communities.

Companies Struggle to Meet Rising Demand for Personalized Benefits, Aon Survey Finds

Global survey of benefits professionals found only 14 percent of multinationals have global guidelines in place to support personalization

DUBLIN, July 29, 2025 /PRNewswire/ — Aon plc (NYSE: AON), a leading global professional services firm, today released its 2025 Global Benefits Trends Study, which finds that multinational companies are under mounting pressure to offer personalized, inclusive benefits – yet most lack the governance, tools or frameworks to deliver at scale. The study, based on responses from more than 500 global benefits professionals across 45 countries and 16 industries, reveals that only 14 percent of multinationals have global guidelines in place to support personalization, while 65 percent of employees at multinationals would trade current benefits for more choice.

According to the study, cost management is the top priority for 70 percent of multinationals, with medical inflation cited as the key cost driver. But delivering employee value has surged to the forefront of the strategic agenda, now ranking among the top three objectives for benefits leaders. This disconnect underscores a new challenge for global benefits leaders: meeting rising employee expectations for flexibility while managing escalating costs. Seventy seven percent of survey respondents plan to negotiate their costs with existing benefits vendors and 67 percent plan to issue an RFP for benefits vendors.

“Employees increasingly expect a consumer-grade experience when it comes to their benefits – one that offers meaningful choice, creates innovative solutions and aligns with their individual needs,” said Michael Pedel, head of global benefits at Aon. “Companies are moving in that direction and communicating their progress, but must also manage the realities of cost and complexity. The opportunity lies in designing programs that deliver both value and efficiency at scale.”

Personalization and Inclusion: Expanding the Definition of Employee Value

Personalization increasingly incorporates inclusive benefits that address the diverse needs of today’s workforce. Aon’s study found that nearly two-thirds of leading companies (a select group of respondents with mature governance structures, integrated data strategies and executive-level alignment) plan to expand offerings focused on families (54 percent), aging (39 percent), gender (39 percent) and employees at lower income levels (39 percent). To balance these investments, 25 percent of survey recipients said they would reduce levels for benefits that are less valued by employees. These efforts reflect a broader shift: as employees seek consumer-grade experiences, they also expect benefits that align with their individual circumstances and values.

Personalized and inclusive benefits are also increasingly tied to wellbeing strategies, with 37 percent of companies actively considering initiatives that integrate health and work-life balance.

Overcoming Barriers to Personalization

While demand for personalized benefits is accelerating, most organizations face structural and operational challenges in scaling these offerings. While nearly half of companies have indicated that they already have a global benefits strategy, only 25 percent of global benefits leaders say their governance structure enables them to meet their objectives. By comparison, leading companies are three times more likely to have formal governance committees and twice as likely to centralize data and decision-making resulting in stronger alignment, cost savings and more stable benefits delivery. These top companies are also 67 percent more likely to have Global Benefits Centers of Excellence and three times more likely to have had their global benefits strategy and governance reviewed and endorsed by senior management, resulting in greater buy-in.

Technology, including artificial intelligence, presents a significant opportunity to deliver employee value while creating cost efficiencies. Leading companies are more than twice as likely to use tech to enable personalized experiences. However, only one in six benefits teams currently use AI to support benefits design or delivery. That figure is expected to nearly triple by 2027, but adoption is still limited by legacy systems, governance challenges and organizational readiness.

“This year’s study confirms what many global benefits leaders already feel, expectations are rising, but the tools and governance structures to meet them haven’t kept pace,” said Pedel. “To deliver real value, organizations must think beyond cost containment. That means embracing personalization, investing in inclusive benefits, leveraging data and analytics, and using technology and governance as strategic enablers. The companies that do this well aren’t just managing benefits, they’re shaping the future of work.”

About the Study

The 2025 Global Benefits Trends Study surveyed 518 global benefits professionals across 45 countries and 16 industries between January 27 and February 28, 2025. Read the full study here.

About Aon

Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.

Follow Aon on LinkedInXFacebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.

Media Contact

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Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues in over 120 countries provide our clients with the clarity and confidence to make better risk and people decisions that protect and grow their businesses. Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues in over 120 countries provide our clients with the clarity and confidence to make better risk and people decisions that protect and grow their businesses. Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.

 

WuXi Biologics Singapore CRDMO Hub Advances with the Launch of Modular Drug Product Facility Fabrication

  • Innovative modular design will accelerate construction and manufacturing timelines, enabling rapid adaptation of manufacturing capacities across diverse product formats.
  • Finished building will be one of the world’s largest modular biologics Drug Product (DP) facilities, and will enhance WuXi Biologics’ leadership in end-to-end DP capabilities.

SINGAPORE, July 29, 2025 /PRNewswire/ — WuXi Biologics (2269.HK), a leading global Contract Research, Development, and Manufacturing Organization (CRDMO), announced construction has begun for a new modular Drug Product (DP) facility, which will become part of the company’s CRDMO hub in Singapore. Under a strategic collaboration between WuXi Biologics and Pharmadule Morimatsu, 470 modular components are being fabricated at Morimatsu’s plant in Changshu City, and will be transported to Singapore’s Tuas Biomedical Park for installation. Once complete, the building will be one of the world’s largest modular biologics DP facilities, comprising approximately 30,000 square meters of space.

The new facility will feature state-of-the-art manufacturing lines, centralized Quality Control (QC) labs supporting full release and stability testing, and Manufacturing Science and Technology (MSAT) labs, significantly enhancing the company’s end-to-end DP services capabilities. Equipped with three pre-filled syringe (PFS) production lines and two vial production lines for both liquid and lyophilized products, it will deliver integrated DP manufacturing services — across both clinical and commercial stages — for multiple finished dosage forms. As part of WuXi Biologics’ commitment to sustainability, the facility will incorporate green technologies such as solar panels, and an advanced energy monitoring and analysis system. Operations are expected to commence in 2027.

In addition, the design phase is underway for a Drug Substance (DS) modular facility planned for the Singapore CRDMO hub.

Dr. Chris Chen, CEO of WuXi Biologics, commented, “The growing diversity of the global biologics pipeline and continued advances in bioprocessing call for innovative, highly efficient, and adaptable facilities designed to meet evolving manufacturing needs. We are delighted to be collaborating with Pharmadule Morimatsu on a time-saving modular approach to construction for the DP facility at our Singapore CRDMO Hub. Expanding our global capacity and capabilities underscores WuXi Biologics’ commitment to enabling clients as they pursue innovation and deliver breakthroughs that benefit patients worldwide, and we remain dedicated to making high-quality biologics more accessible and affordable.”

As a key contributor to the global healthcare industry, WuXi Biologics provides end-to-end solutions and services for its clients through an extensive global network, including 5 Research Centers, 8 Development Centers and 8 Manufacturing Centers (with 9 DP facilities and 16 DS facilities in operation). The company’s state-of-the-art DP manufacturing facilities provide formulation, filling, labelling, and packaging of biotherapeutics, vaccines, placebo and parenterals that are filled into either liquid, lyophilized, or PFS dosage forms.

With facilities in Ireland, Germany, the United States, Singapore, and China, and a total planned capacity exceeding 500,000L, WuXi Biologics offers clients access to a reliable and premier-quality global network. Through its Global Dual Sourcing strategy, the company ensures that materials can be sourced and products manufactured at multiple locations around the world, enhancing supply chain reliability and operational flexibility.

About WuXi Biologics

WuXi Biologics (stock code: 2269.HK) is a leading global Contract Research, Development and Manufacturing Organization (CRDMO) offering end-to-end solutions that enable partners to discover, develop and manufacture biologics – from concept to commercialization – for the benefit of patients worldwide.

With over 12,000 skilled employees in China, the United States, Ireland, Germany and Singapore, WuXi Biologics leverages its technologies and expertise to provide customers with efficient and cost-effective biologics discovery, development and manufacturing solutions. As of December 31, 2024, WuXi Biologics is supporting 817 integrated client projects, including 21 in commercial manufacturing (excluding COVID CMO projects).

WuXi Biologics regards sustainability as the cornerstone of long-term business growth. The company continuously drives green technology innovations to offer advanced end-to-end Green CRDMO solutions for its global partners while consistently achieving excellence in Environment, Social and Governance (ESG). Committed to creating shared value, it collaborates with all stakeholders to foster positive social and environmental impacts and promote responsible practices that empower the entire value chain.

For more information about WuXi Biologics, please visit: www.wuxibiologics.com.