Revolutionizing Payment Processing Across Asia Pacific Markets

HONG KONG SAR – Media OutReach Newswire – 11 November 2024 – eft Payments (Asia) Limited (“eftPay” or the “Company”), one of the leading e-Payment services providers in Hong Kong, is pleased to announce that the Company has entered into a memorandum of understanding (the”MOU“) with AXS, an e-payment solutions provider in Singapore, to develop inter-connectivity between both existing gateways for seamless payment processing, supporting the duos operating markets across Asia Pacific.

With this MOU, both entities will partner in areas such as developing cross-border gateway connectivity for seamless bill payments solutions, and aggregations. This partnership intends to provide an efficient process for onboarding merchants and ensuring reasonable integrity and security of the shared network.

In addition, eftPay will enable alternative payment model (APM) and technology, supporting operating markets of AXS across Southeast Asia, while AXS will enable a bill payment aggregation model and technology, supporting operating markets of eftPay (Asia) across Hong Kong, Taiwan and Macau.

Mr. Andrew Lo Chun-kit, Chairman and CEO of eftPay, said, “We are thrilled to be the overseas partner of AXS. This collaboration marks a remarkable milestone in expanding our overseas footprint. We believe that it will facilitate the expansion of both parties into overseas markets, effectively addressing the operational challenges faced by a broader range of merchants and reinforcing our position at the forefront of the industry. Looking ahead, we will actively explore diverse projects to export unique solutions and services worldwide.”

Mr. Jeffrey Goh, AXS Co-Founder and Group CEO added, “With this collaboration, AXS is continuing the extension of our bill payment platform outside of Singapore including inter-connectivity of our payment gateways. We are also excited to innovate with eftPay on payment technology and solutions across borders and leverage on our expertise in both markets.” Mr. Goh hopes that this MOU signing is a start and the two companies will bring together more collaborations in both Hong Kong and Singapore.

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Hashtag: #eftPay #易付達亞洲 #AXS

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eft Payments (Asia) Limited

eftPay is one of the leading e-Payment services providers in Hong Kong, providing comprehensive e-Payment services to merchants with over a decade of experiences, including account opening, point of sale system and integration of payment system, transaction processing and payment settlement services. Currently, eftPay serves a wide range of merchants in Hong Kong, including well-known local jewelry chains, electrical appliances stores, makeup and beauty stores, clothing stores, food and beverage, theme parks, convenience stores and supermarkets. Website: http://www.eftpay.com.hk/

AXS Pte Ltd

Incorporated in 2000, AXS has served the payments needs of Singaporean consumers and merchants for over 20 years. AXS provides more than one million users with rapid access to greater than 800 payment services, via its network of over 630 AXS Station self-service kiosks, as well as its proprietary AXS e-Station web-based and AXS m-Station mobile-based applications. Website: https://www.axs.com.sg/

HONG KONG SAR – Media OutReach Newswire – 11 November 2024 – Gaw Capital Partners ranked third in the PERE’s 2024 Proptech 20 among all fund managers globally, with US$1,293m raised over the past five-year period.

The Proptech 20 ranking, compiled annually by PERE, evaluates firms based on the amount of private direct investment capital raised between January 1, 2019, and December 31, 2023. According to PERE, the total capital raised by the firms in the Proptech 20 ranking reached $12.93 billion in 2024, marking a significant increase of over 14 percent from the previous year’s total of $11.28 billion. This growth underscores the continued allure of proptech investments and the industry’s drive to redefine traditional real estate practices through technological innovation.

Remaining at the top three of the Proptech 20 ranking is a testament to Gaw Capital’s commitment to innovation and excellence in the real estate investment landscape. Despite challenging and ever-evolving market conditions, the firm has demonstrated remarkable resilience and foresight in navigating the proptech sector.

Christina Gaw, Managing Principal, Global Head of Capital Markets and Co-chair of Alternative Investments at Gaw Capital Partners, said, “Securing the third position in PERE’s Proptech 20 ranking for consecutive 3 years not only testifies our team’s dedication to leveraging technology for value creation in real estate but also highlights our prowess in fundraising and maneuvering capital markets. We are proud to be recognized for our efforts in shaping the future of the industry. As technology continues to disrupt and reshape the industry, Gaw Capital is poised to embrace new opportunities and drive innovation that will redefine the way we interact with built environments.”

Humbert Pang, Managing Principal, Head of China, and Co-chair of Alternative Investments at Gaw Capital Partners, said, “The proptech landscape in Asia, particularly Middle East, is witnessing rapid evolution, driven by the increasing adoption of cutting-edge technologies and the robust growth of smart infrastructure. The region’s dynamic market environment, coupled with the Chinese government’s proactive stance on sustainable development, technological advancement and climate change mitigation, presents a wealth of opportunities for innovation and investment in the real estate related sector. Our dedication to harnessing technology and fostering sustainable practices reflects our commitment to driving positive change and delivering long-term value for our investors and stakeholders.”

Being among the leading fundraisers in the last five years, Gaw Capital consistently showcases its expertise in recognizing and leveraging emergent trends within the proptech industry. The firm remains steadfast in its mission to pioneer transformative solutions and lead the way in proptech investments globally.
Hashtag: #GawCapitalPartners

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About Gaw Capital Partners

Gaw Capital Partners is a uniquely positioned private equity fund management company focusing on real estate markets in Asia Pacific and other high barrier-to-entry markets globally.

Specializing in adding strategic value to under-utilized real estate through redesign and repositioning, Gaw Capital runs an integrated business model with its own in-house asset management operating platforms in commercial, hospitality, property development, logistics, IDC and Education. The firm’s investments span the entire spectrum of real estate sectors, including residential development, offices, retail malls, serviced apartments, hotels, logistics warehouses and IDC projects.

Gaw Capital has raised seven commingled funds targeting the APAC region since 2005. The firm also manages value-add/opportunistic funds in the US, a Pan-Asia hospitality fund, a European hospitality fund, a Growth Equity Fund and it also provides services for credit investments and separate account direct investments globally.

Gaw Capital has raised equity of US$22.8 billion since 2005 with assets of US$35.2 billion under management as of Q2 2024.

BEIJING, CHINA – Media OutReach Newswire – 11 November 2024 – On April 23, 1994, ten private entrepreneurs issued a call to action: “Let’s dedicate ourselves to the noble mission of poverty alleviation.” This marked the official starting point of China’s Guangcai (Glorious) Program initiative.

The Glorious Program called on Chinese private entrepreneurs to play a part in the development-driven poverty alleviation projects that focus on helping impoverished areas to develop resources, set up enterprises, organize training and develop trade, to help revitalize local economy and ensure that the basic needs of impoverished rural residents are met.

Liu Yonghao, chairman of New Hope Group, was one of the first private entrepreneurs after the reform and opening up (a crucial move which began in 1978 to make China what it is today) and is also one of the initiators of the Glorious Program. “Why is it called a ‘Glorious Program?’ The term carries a dual significance: first, private enterprises are glorious; second, engaging in poverty alleviation is a glorious endeavor. As some of the first to become better-off, we bear the responsibility and obligation to assist in the development of relatively impoverished regions and individuals, leading them towards a path of shared prosperity.”

Xichang Hope (Feed) Company, invested by New Hope Group in Liangshan, southwest China’s Sichuan Province, was the first factory established under the Glorious Program.

“Around October 1994, we launched our first initiative for the Glorious Program, known as the ‘Glorious Program Liangshan.’ Liangshan in Sichuan Province was quite impoverished back then, so we decided to establish a factory there.” said Liu Yonghao, Chairman of New Hope Group

One employee of Xichang Hope (Feed) Company noted the dramatic change “Back in 1994, the surrounding area of our factory was nothing but a barren land. Thirty years later, skyscrapers have emerged from the ground.”

Over the past three decades, the Glorious Program has attracted participation from private entrepreneurs totaling 12,800 times and facilitated the launch of nearly 1,500 projects. The enterprises carried out investment based on their specific conditions, and following the Glorious Program, their business soon spread to all over China.

Transfer Group, another of the first private enterprises taking part in the Glorious Program in 1994, has been devoted to public welfare and charitable undertakings such as poverty alleviation and disaster relief.

Xu Guanju, Chairman of Zhejiang Transfar Group and Vice Chairman of China Society for Promotion of the Glorious Program stated “Without the development of agriculture, prosperity in rural areas, and wealth for farmers, how can China’s modernization be realized? Our survey revealed that illness is a major cause of poverty, or a cause that villagers slipped back into poverty. We focused on this issue and built health facilities. We have established medical clinics in 1,037 villages, providing healthcare access to 1.8 million villagers.”

Throughout Chinese history, there is no other public welfare cause that has had such a robust centripetal force, uniting thousands of private enterprises. Over the past 30 years since the launching of the program, it has facilitated the rapid economic development of impoverished areas and boosted the self-development ability of the poverty-stricken population. It has changed from mainly relying on external support- like a blood transfusion -to a more sustained effort from self-motivation.

Fu Guangming, Chairman of Sunner Group and Vice Chairman of China Society for Promotion of the Glorious Program went on to say “This platform enables us to help more individuals, and in doing so, these individuals can contribute to the success of the enterprise. With the support of the community, our business is poised to reach new levels of success.”

Liu Yonghao, Chairman of New Hope Group added “Our company is engaged in rural development. We helped local farmers modernize pig farming practices, and it has proved to be very successful. We aim to empower farmers through modern agricultural methods, equipping them with advanced skills. This is a crucial part of our Glorious Program.”

“Private enterprises should actively engage in the Glorious Program, public welfare, and charitable causes, always remember their roots as they prosper, strike a balance between moral integrity and financial returns to conscientiously fulfill their social responsibilities,” said Chinese President Xi Jinping when he participated in the joint group discussion with the members of the China Democratic National Construction Association and the All-China Federation of Industry and Commerce in March, 2016.

Over the past three decades, the Glorious Program has actively embraced the ancient Chinese philosophy of “balancing righteousness and profit, with an emphasis on righteousness,” maintaining a dual focus on “industry + charity.” The program has made significant contributions in relocation of people in the Three Gorges Reservoir area, afforestation and ecological restoration, revitalizing old industrial bases in Northeast China, building a new socialist rural area, and combating poverty.

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HONG KONG SAR – Media OutReach Newswire – 11 November 2024 – CLP Power Hong Kong Limited (CLP Power) and Daya Bay Nuclear Power Operations and Management Co., Ltd. (DNMC) fully support the Mainland study tours of the subject of Citizenship and Social Development (CS Mainland study tours) organised by the Education Bureau of the Hong Kong SAR Government, which aim to deepen students’ understanding of national development. The Mainland study tours include visits to Daya Bay Nuclear Power Station this academic year, and the first group of students visited Daya Bay on 7 November to learn about the importance of nuclear energy in achieving decarbonisation goals and sustainable development, as well as nuclear safety and the development of the nation’s nuclear industry.

The Education Bureau launched the CS Mainland study tours in April 2023 to give senior secondary students first-hand experience of the nation and understanding of its latest developments, thereby enhancing their sense of national identity. Daya Bay Nuclear Power Station is included as a visiting spot of the “Three-Day Study Tour in Huizhou and Shenzhen on Historical Culture and Sustainable Development” for the 2024-25 academic year. The first student tour involved over 150 senior secondary students, teachers and principal from Chiu Lut Sau Memorial Secondary School. The group visited the Daya Bay Nuclear Power Science and Technology Museum, learning how non-carbon nuclear energy can help the nation and Hong Kong decarbonise and experiencing the safe and state-of-the-art environment of the Nuclear Station.

A launch ceremony for the visits was held at Daya Bay Nuclear Power Station on 7 November, attended by guests including representatives from the Guangdong Province Department of Education, the Shenzhen Municipality Education Bureau and the Liaison Office of the Central People’s Government in the Hong Kong SAR. Deputy Secretary for Education of the Government of the Hong Kong Special Administrative Region Ms Teresa Chan said at the ceremony, “By visiting Daya Bay Nuclear Power Station, students not only can learn about the development of nuclear power technology, experience our country’s achievement and close relationship with stable development of Hong Kong, but will also reflect on the importance of nuclear safety and sustainable development, and broaden horizons.”

CLP Power Chief Corporate Development Officer Ms Quince Chong remarked, “Nuclear energy provides Hong Kong with non-carbon, safe, stable and competitively priced electricity. It is an indispensable source of energy to achieve the carbon neutrality goals of the nation and Hong Kong. CLP is delighted to join hands with DNMC to support and participate in the CS Mainland study tours, which will give students valuable insights into nuclear power and the nuclear technology advancement of the nation. This year marks the 30^th anniversary of the operation of Daya Bay Nuclear Power Station, which makes these student visits particularly meaningful.”

Chiu Lut Sau Memorial Secondary School Principal Mrs Tam Woo Kit-ching mentioned, “As the first school to visit the Power Station under this programme, we are truly impressed by the Daya Bay Nuclear Power Science and Technology Museum and the comprehensive, engaging information about nuclear power it provides. Each exhibition area features multimedia and interactive elements that enhance students’ understanding of nuclear energy and safety.”

Guangdong Nuclear Power Joint Venture Co., Ltd. Deputy General Manager Ms Anthea Yung said, “As the operator of Daya Bay Nuclear Power Station, DNMC is committed to promoting public education and enhancing public understanding of nuclear energy. The study tour serves as an important platform to showcase to the public that nuclear energy is safe, environmental-friendly and reliable.”

Daya Bay Nuclear Power Station began operations in 1994 in a joint investment by CLP and China General Nuclear Power Corporation. It is the nation’s first large-scale commercial nuclear power station, and also one of the earliest and largest joint ventures since the reform and opening-up of Mainland China in the 1980s, successfully demonstrating the opportunities brought about by the open-door policy, as well as Hong Kong’s role of an active participant, contributor and beneficiary in the nation’s reform and opening-up. Currently, approximately 80% of the electricity generated by Daya Bay Nuclear Power Station is supplied to Hong Kong, meeting around a quarter of the city’s electricity demand.Hashtag: #CLP

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About CLP Power Hong Kong Limited

CLP Power Hong Kong Limited (CLP Power) is the Hong Kong utility subsidiary wholly owned by CLP Holdings Limited, a company listed on the Hong Kong Stock Exchange and one of the largest investor-owned power businesses in Asia. CLP Power operates a vertically integrated electricity supply business in Hong Kong, and provides a highly reliable supply of electricity and excellent customer services to more than six million people in its supply area.

SINGAPORE / MUMBAI, INDIA – Media OutReach Newswire – 11 November 2024 – Vedanta Limited is planning to invest close to $500 million in its group company, AvanStrate Inc. (ASI), a leading global display glass manufacturer that is now fully managed by Vedanta Limited. This strategic investment aims to drive innovation and expansion within ASI, strengthening its focus on R&D, as well as manufacturing capabilities and product offerings to cater to the growing global demand for advanced display glass solutions.

With extensive operations and R&D capabilities across Taiwan, South Korea and Japan, ASI aims to accelerate the development of next-generation glass products designed for advanced packaging and potential applications in the semiconductor, biotechnology, automotive displays, and other high-growth sectors. Additionally, ASI is exploring collaborative partnerships to accelerate its mission of developing technological advancement and enhanced market offerings.

Akarsh Hebbar, Global Managing Director of AvanStrate Inc., said, “This strategic investment from the Vedanta Group is reflective of our clear and definitive shift in focus toward significant growth-oriented projects. We are confident that ASI’s cutting-edge R&D capabilities and world-class team of engineers are well placed to deliver a stream of future-ready solutions to our customers and partners propelling the company onto a path of positive industry disruption. ASI will soon take its place as one of the leading players in the advanced glass technology and product innovation space, globally.”

Vedanta secured a 98% stake in ASI earlier this year. This move is in line with Vedanta’s commitment to expanding its high-tech offerings, incorporating AvanStrate Inc. alongside Vedanta’s portfolio of businesses across the critical and future minerals, energy, and technology space. Vedanta Group will continuously explore innovation opportunities across automation, ESG, and sustainable energy to enhance the group’s technological capabilities and support the demands of a dynamic global market.

Charlie Lee, CEO, AvanStrate Inc., added, “The expertise and support from Vedanta places us in a strong position to expand our R&D, scale up production, and meet evolving market demands. As ASI advances into new market segments, meeting the demand for high-performance materials, we are set to enhance our leadership in the display glass sector and beyond, with a clear focus on sustainability and long-term growth. The recently launched new Super Green SaiSei high recycle rate display glass product is a perfect example. The product is a breakthrough in the industry that leads the market with no competition yet to match its high-tech quality.“

The global market for specialty glass applications is estimated to be $42 billion and is projected to reach ~$60 billion by 2030. AvanStrate, with its advanced manufacturing capabilities and strategic partnerships, is well-positioned to meet these demands and contribute significantly to the global supply chain.
Hashtag: #Vedanta #Avanstrate #Display

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Vedanta Limited

Vedanta Limited (“Vedanta”), a subsidiary of Vedanta Resources Limited, is one of the world’s leading natural resources companies spanning across India, South Africa, Namibia, Liberia, UAE, Korea, Taiwan and Japan with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, Nickel, Aluminium, Power & Glass Substrate and foraying into semiconductors and display glass. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta’s strategy, with a strong focus on health, safety, and environment. Vedanta has put in place a comprehensive framework to be the ESG leader in the natural resources sector, is committed to reducing carbon emissions to net zero by 2050 or sooner and aims to spend $5 billion over the next 10 years to accelerate this transition. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, has pledged Rs 5000 crore over the next five years on various social impact programs and its flagship project, Nand Ghar is setting up model Anganwadis across India. Vedanta Ltd. has been listed in Dow Jones Sustainability World Index 2022, conferred Golden Peacock Award for excellence in Corporate Governance 2022 and certified as a Great Place to Work 2023. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange.

For more information, please visit www.vedantalimited.com

HONG KONG SAR – Media OutReach Newswire – 11 November 2024 – Award-winning brokerage VT Markets held its “Pioneering Global Investment” forum in Hong Kong on 2 November. The event tackled some of the most pressing questions on investment strategies and opportunities as the global brokerage heads into the last quarter of the year.

The world economy is an ever-changing pulse—moving to the beat of inflation, political tension, and the expectation of recovery.

For those looking to get ahead, trading successfully means finding the right opportunities, striking the right balance in asset allocation, and being a bit of a risk manager.

To help traders navigate the market’s twists and turns, the forum brought together five top-notch speakers who covered everything from the importance of asset allocation to exploring new investment trends in sectors like gold, ETFs, and Hong Kong stocks.

About 400 traders and financial insiders joined to hear insights that were on-point, easy to apply, and steeped in real-world relevance.

Gold Futures as a Safe Haven and Prime Investment Opportunity

Given its safe-haven status in times of economic fluctuation, gold often emerges as the go-to choice for risk-averse traders. With global monetary policies constantly shifting, the brokerage saw gold once again in the spotlight.

VT Markets brought in expert analyst Eyad to break down the history and current appeal of gold futures. He took the audience through the asset’s evolution, tying it all together with actionable advice based on both historical trends and today’s market realities.

For those seeking a blend of stability and opportunity, Eyad’s insights made a compelling case for gold futures as an anchor in a diversified portfolio.

Taking on Global Markets with Diversified Strategies

Wen Kit from KGI and Desmond Law of CSOP Asset Management then shared their perspectives on handling global markets with diversified asset allocations.

Wen’s Q4 outlook was straightforward – Hong Kong stocks have been in a second consolidation phase for months, and it’s key to watch for cues from major players like the U.S. and China. He projected a cautiously optimistic view for both Hong Kong and U.S. stocks, while Law stressed the benefits of diversification.

When market volatility is high, spreading investments can be a lifesaver, helping to cushion any bumps along the way.

A Bridge to Economic Growth

For those eyeing regional growth, Lin Jing Lung from Haiya Group highlighted the soon-to-be-completed ShenZhong Link project and its potential boost to Hong Kong and the Greater Bay Area economies.

He urged traders to keep an eye on industries along this corridor, as they’re likely to benefit from the project’s completion.

Getting in early could mean riding the wave of growth as regional integration ramps up, so there’s plenty of appeal for those looking at sector-specific investments.

Strategies for Hong Kong Stocks in Q4

Stock market guru Shum Chun Ying then took the stage to dive into some practical strategies for Hong Kong stocks as the market heads into the final quarter. Yes, the market’s seen its ups and downs, but according to Shum, there’s still solid potential, especially in tech and high-dividend stocks.

His advice was clear – keep your risk tolerance in mind, stay agile with your portfolio, and don’t lose sight of policy shifts. In times of turbulence, those who adapt quickly tend to fare best.

Overall, the forum brought a mix of thought-provoking insights and down-to-earth strategies that left attendees feeling empowered and prepared.

Traders walked away with clear, actionable advice, balancing the depth of academic knowledge with the real-world practicality they can use in their portfolios.

The brokerage remains committed to giving traders and investors a platform where they can get the latest in market insights, helping them make smart, informed decisions in a world that’s anything but predictable.
Hashtag: #VTMarkets #CFDs #CFDsbrokers #Forextrading #ETF #XAUUSD

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