BEIJING, Dec. 7, 2023 /PRNewswire/ — This is a report from China SCIO:
Keywords to understand China: Global Civilization Initiative
http://english.scio.gov.cn/videos/2023-11/16/content_116820078.htm
Source : Keywords to understand China: Global Civilization Initiative
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TAOYUAN, Dec. 7, 2023 /PRNewswire/ — Advanced Lithium Electrochemistry (Aleees-Taiwan), a subsidiary of Lithium intellectual property service provider Aleees-Ky (TWSE: 5227), signed a Memorandum of Understanding with The Indian Farmers Fertilizer Cooperative Limited (IFFCO), the world’s and India’s largest manufacturer of phosphoric acid and chemical fertilizers.
Both parties agreed to explore the transfer of technology authorized by Aleees to IFFCO to produce and build lithium iron phosphate (LFP) battery cathode material plants in India and Jordan to meet the huge Ex-China lithium battery supply chain needs of many multinational electric vehicle manufacturers and energy storage customers, and work together to strengthen the lithium battery industry in Europe, the United States, and the India-Pacific to eliminate the risk of multinational customers relying on China.
IFFCO is the largest chemical fertilizer manufacturer in India and the world. There are 5 factories in India and 2 factories overseas. In the 2022-2023 financial year, the group’s turnover was 62.99 billion rupees (GBP$620 million / USD$758 million ) and profit after tax was 30.53 billion rupees (GBP$300 million / USD$368 million ).
In terms of operation, the total chemical production of IFFCO increased from 8.7 million tons the year before to 9.56 million tons, of which the production of urea increased from 4.36 million tons to 4.88 million tons, the production of diammonium phosphate (DAP)/ nitrogen-phosphorus-potassium fertilizer (NPK)/ water-soluble fertilizer (WSF) increased from 4.34 million tons to 4.68 million tons.
In addition to its core fertilizer business, IFFCO also diversify their operations into general insurance, rural retail, farm forestry, rural telecommunications, agrochemicals, rural finance, logistics, food processing, organics and urban gardening nutrients.
Aleees and IFFCO are also exploring opportunities to build factories in Jordan with end customers. Since Jordan and the United States have signed an FTA, the LFP produced by the Jordanian factory will be supplied to the U.S. market, and end customers can obtain high subsidies and tax credit from the U.S. IRA Act.
Jordan is also a reliable supplier of fertilizers, phosphates, phosphoric acid and other products to the United States, and IFFCO is the largest single buyer of Jordanian phosphates. IFFCO and JPMorgan Chase have also established a joint venture project worth US$860 million in Jordan for the production of phosphoric acid.
Lithium intellectual property licensing and technology transfer is the main business of Aleees. Aleees is responsible for completing the development and certification of customized products with end customers, and continues to work with international electric vehicle manufacturers to promote lithium iron phosphate LFP cathode material technology licensing in Europe, the United States, India and Australia. The licensee is responsible for meeting the production capacity required by end customers in Ex-China market, and jointly meeting the local production needs of multinational customers for standard production lines in multiple regions.
Currently, participating manufacturers are gradually expanding. Three battery material companies in Europe, the United States and Australia that have completed licensing authorization have also commenced factory construction activities to enter mass production as soon as possible.
About Aleees:
Aleees (TWSE: 5227), founded in 2005 with main office and factory located in Taiwan, is a lithium iron phosphate (LFP) battery material manufacturer with longest history as well as an IP licensor in the world. Aleees is also one of the few companies outside Mainland China with complete LFP battery material manufacturing technology. Our processes include in-house iron phosphate synthesis which could be independent from Chinese supply chain. The production line is in modular design, which could also feed iron phosphate from 3rd party. We own 130 exclusive patents worldwide, with customers including world-renowned energy storage battery and EV battery customers across Europe, US, and Asia. Aleees co-develops various types of LFP, LMFP products with more than hundred of global customers, and produce high quality, cost-effective, and long-life cycle LFP cathode materials. In the past 18 years, Aleees LFP CAM with yield rate of 97% has been shipped from Taiwan facility to Asia, America, Europe and others, and verified by Kyocera, GS Yuasa, 24M, Freyr Battery, FIB, Lishen, etc. Our non toxic production process is environment friendly, we have obtained major international certifications including ISO9001, ISO14001, ISO14064, IATF 16949 and corporate social responsibility AA1000 and so on. All Aleees products are bespoken product but will be produced in US, Europe, Australia and India. That would make global supply chain management easier. Licensees could build local supply chain and apply for local subsidies. We are cooperating with global customers and partners to establish a localized, integrated supply chain of LFP lithium-ion battery materials, strengthen the competitiveness of the local LFP battery supply chain in the world, build the value and eco-friendly future together.
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HONG KONG SAR and SHANGHAI, CHINA – Media OutReach Newswire – 7 December 2023 – Hang Lung Properties (SEHK stock code: 00101) (“Hang Lung” or “the Company”) is delighted to announce that Westlake 66 in Hangzhou, its 11th large-scale commercial development in Mainland China, has won the Gold Award in the “Best New Mega Development” category at the MIPIM Asia Awards 2023. Scheduled for completion in phases starting in 2024, Westlake 66 ingeniously blends Hangzhou’s urban cultural heritage with the intricate details and sophisticated aesthetic of modern architecture. The complex’s unique design echoes the beauty of the natural landscape in a perfect synergy of exquisite craftsmanship and cultural legacy.
Mr. Adrian Lo, Director of Project Management of Hang Lung Properties, said, “We are honored to receive this international recognition for multiple years consecutively. Strategically nestled in the heart of Gongshu District, Westlake 66 offers a diversified portfolio, including a shopping mall, office towers, and a luxury hotel. Based on our past successes, we are confident to elevate this large-scale commercial development to the next level and reshape the traditional business landscape of the center of Hangzhou city. Adhering to the Company’s customer-centric service philosophy, we will make Westlake 66 a new urban landmark in Hangzhou and a popular destination for residents and visitors to explore and enjoy quality life.”
Westlake 66 is located in the key area of Wulin Business Circle in Gongshu District and comprises 100,000 square meters of prestigious retail space, five Grade A office towers, and a luxury hotel – the first Mandarin Oriental in Zhejiang Province. Throughout the construction process, Hang Lung skillfully integrated commercial and cultural relics, preserving and reconstructing historical buildings at 5 Yesutang Lane and the ancient well of Yesutang, as well as restoring the historical building at 1 Jingqingli. Furthermore, the project preserves the ruins of Renhe County of the Southern Song Dynasty and the Yuan Dynasty at their original sites. By creating a compelling lifestyle hub where historical culture intertwines with modern life, Hang Lung continues to reaffirm its motto of “We Do It Well” and its relentless pursuit of excellence.
Westlake 66 has received Platinum pre-certification and Gold pre-certification from the U.S. Green Building Council for “Leadership in Energy and Environmental Design (LEED) for Core and Shell Development under the LEED V4.0: Building Design and Construction (LEED BD+C) rating system – Platinum Pre-certification.” The entire portfolio has received China Green Building Design Label 3-Star certification as well. Additionally, Hang Lung has entered into a two-year strategic collaboration with the carbon capture, utilization, and storage (CCUS) company CLEANCO2 to reduce embodied carbon in the Westlake 66 development and in other projects. Westlake 66 is also the first commercial development project in Mainland China and Hong Kong to use low-carbon concrete bricks, which forms part of the Company’s comprehensive plan to take action on reducing emissions in its construction projects.
The MIPIM Asia Awards, known as the “Oscars of the Asia Pacific real estate world,” have recognized many projects under Hang Lung’s portfolio in addition to Westlake 66. For more information about the Company’s awards, please visit www.hanglung.com/en-us/about-us/awards-recognition?year=2023.
Hashtag: #HangLung
The issuer is solely responsible for the content of this announcement.
Hang Lung Properties Limited (stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the “66” brand, the company’s Mainland portfolio has established its leading position as the “Pulse of the City”. Hang Lung Properties is recognized for leading the way in enhanced sustainability initiatives in real estate as it pursues sustainable growth by connecting customers and communities.
At Hang Lung Properties – We Do It Well.
For more information, please visit 
www.hanglung.com.
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HONG KONG, Dec. 7, 2023 /PRNewswire/ — The International Chamber of Commerce – Hong Kong (ICC-HK) celebrated its 25th Anniversary on 30th November 2023 with a Forum during the day and a Cocktail Reception in the evening. The Honourable Mr. John K.C. Lee, Chief Executive of HKSAR as the Guest of Honour, officiated the ceremony and delivered a speech to acknowledge and appreciate ICC-HK’s effort at the Reception, which was attended by officials of the government, members of the consular corps, corporate leaders, business organisations, and professionals in the fields of arbitration and mediation.
The Forum themed "Digital Trade and Finance in Hong Kong: Reasserting Global Leadership" received strong support from the business community. Many distinguished guests served as keynote speakers in the Forum with participation by ICC-HK members and friends from commercial sectors. (For the Forum, programme and keynote speakers, please click: https://bit.ly/3T5ryq1)
Photo download: https://bit.ly/418KXZd
The group photo of the Guest of Honour, the Official Party and the Executive Committee Members of the International Chamber of Commerce – Hong Kong (ICC-HK) at the ceremony of its 25th Anniversary Reception. Please note the Guest of Honour and Official Party as follows (from left to right in the front row): 1. Ms. Shirley Kwong, Secretary, ICC-HK; 2. Mr. John Denton, Secretary General, ICC; 3. Mr. Algernon Yau Ying Wah, Secretary for Commerce and Economic Development, HKSAR; 4. Mr. J.P. Lee, Chairman, ICC-HK; 5. The Honourable Mr. John K.C. Lee, Chief Executive of Hong Kong Special Administrative Region as the Guest of Honour; 6. Mr. Keith Martin Brandt, Vice Chairman, ICC-HK; 7. Mr. Christopher Hui Ching Yu, Secretary for Financial Services and the Treasury, HKSAR; 8. Mr. Phakawa Jeasakul, Resident Representative, International Monetary Fund; 9. Ms. Angela Yeung, Treasurer, ICC-HK
On the Forum themed “Digital Trade and Finance in Hong Kong: Reasserting Global Leadership” organized by ICC-HK, one of the topics of the Panel Discussions is “Mainstreaming Digital Trade in HK: The entrepot in the 21st century”. Please note the Panel Viewpoints and the Modulator on the stage as follows (from left to right): 1. Mr. Pete Chareonwongsak, Chief Executive Officer, Teleport; 2. Mr. Bertrand Chen, CEO, Global Shipping Business Network; 3. Ms. Denise Tsang, News Editor, South China Morning Post (Modulator); 4. Mr. Wilkie Wong, Chief Financial Officer, Esquel Group; 5. Ms. Pamela Mar, Managing Director, ICC Digital Standards Initiative
About the 104-year-old ICC and the 25-year-old ICC-HK
The International Chamber of Commerce – Hong Kong (ICC-HK), was established in 1998 and is the representative body of the International Chamber of Commerce (ICC) in Hong Kong. It is a reflection of the principle of "one country, two systems" in the Basic Law for Hong Kong. It seeks to project Hong Kong’s business interests in the international community and to mobilize Hong Kong business to contribute to the key activities of ICC such as policy issues, international standards and business practices, and promoting interflow of business around the world. Its membership includes leading companies, chambers of commerce, business associations and dispute resolution professionals.
Founded in 1919, the International Chamber of Commerce (ICC) is the "world business organization" and has consultative status at the highest level with the United Nations and its specialized agencies in addition to enjoying Observer Status at the General Assembly of the United Nation, serving as the voice of the private sector. It promotes an open international trade and investment system and the market economy with a network of over 45 million companies, chambers of commerce and business associations in more than 170 countries worldwide.
ICC has unrivalled expertise in defining practices that govern the conduct of business across borders and have become part of the fabric of international trade. Examples of these include Incoterms, UCP600, International Standard Banking Practice (ISBP) for documentary credit. ICC also provides essential services, including the International Court of Arbitration and the International Maritime Bureau.
A Legacy of 25 Years of Service by ICC-HK
Services provided by ICC-HK include countersigning certificates of origin and commercial documents to facilitate international business. It distributes ICC publications covering a wide range of standards and practices for various industries and subjects, such as banking, arbitration and social responsibility. Being within the ICC big family, Hong Kong business can participate in its work for the benefit of the world economy and share their experience and ideas with their counterparts around the world.
Mr. J.P. Lee, Chairman of ICC-HK said, "We look upon International Chamber of Commerce for leadership in shaping an improved world trading system, and in facilitating the flow of investment to create wealth for better quality of life, while advancing the goals of the United Nations, such as the Sustainable Development Goals and having regard to related literature such as the United Nations Guiding Principles on Human Rights for Business."
Ms. Maria Fernanda Garza, Chairlady of ICC, appreciated the recent contributions by ICC-HK in her congratulatory message, "In recent years, ICC Hong Kong has supported the introduction of a new tax for first-hand vacant premises in the face of rising rental and property prices, as well as the Free Trade Agreement with Australia and entry to the Regional Comprehensive Economic Partnership arrangements. They have also provided views to the government on important initiatives such as the proposed amendment of the Legal Practitioners’ Ordinance, lest the practice of foreign lawyers be restricted; on arrangements with Mainland China on reciprocal recognition and enforcement of judgments in civil and commercial matters."
Earlier this year, the ICC International Court of Arbitration celebrated its centenary with the Asia Pacific Conference on International Arbitration in Hong Kong as its landmark event. In fact, the work of the ICC International Court of Arbitration has grown exponentially since the opening of its Asia Office in Hong Kong in 2008. Moreover, ICC-HK organized the first ICC International Commercial Mediation Competition in Hong Kong in 2020, despite the constraints of the pandemic, and attracted over 20 university teams, who competed against each other from across 16 time zones.
Opportunities and Challenges facing HK in these Turbulent Economic Times
With the growth of the Chinese Mainland economy, opportunities abound for Hong Kong to take advantage of the two-way economic development. The Central Government has acknowledged Hong Kong’s value of being an international financial hub, and a centre for international legal and commercial dispute resolution services.
In the past 25 years, Hong Kong has struggled with various global, regional and local issues. As Mr. J.P. Lee, Chairman of ICC-HK pointed out, it is time to plan to restart Hong Kong’s international journey after the three-year epidemic worldwide. However, the world has undergone great changes which generally speaking are detrimental to free trade, globalization or sustainable growth. Geopolitical conflict will have a long-term effect. To move forward, Hong Kong will have to keep its important attributes, such as a free and low tax economy, the rule of law and adoption of common law, Hong Kong people’s work spirit and professionalism in undertaking.
In Mr. J.P. Lee’s opinion, given the weak world economy and other factors, government support will help SMEs to wade through current difficulties. Moreover, the government has set aside HK30 billion from the Future Fund to establish the Co-investment Fund for attracting enterprises to Hong Kong and investing in their businesses. This is a new initiative to attract meaningful investment. The government should consider to go one step further in co-investing in public infrastructure. The many public projects to be commissioned in the coming years may be a high demand on public revenue, but also investment opportunities to the private sector as partner. Public revenue can otherwise be allocated to other social objectives, such as health care, public housing or sustainable development.
Hong Kong is also adaptable to change. The coming of advanced technological development will be a new frontier, and adds momentum to the vibrancy of the economy, particularly with the government’s avowed policy of supporting technology and innovation.
Mr. J.P. Lee emphasized ICC-HK’s mission and vision: "As a member of the Hong Kong community, ICC-HK have undergone the ups and downs of the city, braved the many challenges and worked to facilitate the development of Hong Kong. The road ahead is uneven and uncertain, but we will not lose heart. We shall help foster an enabling business and social environment, so that Hong Kong may continue to thrive as an international city favoured by business and sought for living."
For more information about ICC-HK, please visit www.icchkcbc.org
For more information about ICC, please visit www.iccwbo.org
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LONDON and ATHENS, Dec. 7, 2023 /PRNewswire/ — Mintus Global Limited (Mintus), announces that Eurobank Asset Management MFMC (Eurobank Asset Management), a 100% owned subsidiary of Eurobank S.A. (Eurobank has acquired a minority stake in Mintus Global Limited (Mintus). This investment will trigger further collaboration between the parties in the field of alternative investment asset categories.
The collaboration will combine Eurobank’s expertise across alternatives with Mintus’ high-tech solutions offered through the cutting edge fractionalized alternative asset platform operated by its FCA regulated subsidiary, Mintus Trading Limited and enabling Mintus to offer access to a diversified set of alternative assets.
"Our investment in Mintus underscores Eurobank Asset Management ‘s commitment to harnessing breakthrough technology to benefit our clients," said Theofanis Mylonas, CEO of Eurobank Asset Management MFMC. "This move builds upon Eurobank Asset Management’s history of seeking innovative opportunities to add value for our stakeholders. The resulting forward-looking approach to asset management will strengthen our position at the forefront of the global financial landscape."
"Joining forces with Eurobank Asset Management MFMC solidifies our vision of transforming the future of investing by significantly broadening access to alternative assets," remarked Tamer Ozmen, Founder and CEO of Mintus. "We believe that providing people with increased investment opportunities is essential to greater financial independence and collective prosperity."
The move comes as demand for alternative assets has increased, due to their attractiveness as a diversification tool offering returns uncorrelated with both the stock and bond market and potential returns. Prequin estimates that alternative assets under management will reach $24.5 trillion by 2028[1], up from $13.7 in 2021. EY research found the percentage of alternative allocation within portfolios increases with net worth, from 14% for the mass affluent to 81% for ultra-high-net-worth individuals[2].
"The investment of Eurobank Asset Management in Mintus is a sign that the art market is evolving and a testament to the growing acceptance of shared art ownership," said Brett Gorvy, Chief Curator, and Chairman of the Investment Mintus’ Art Committee. "A more inclusive, democratised art market will benefit both investors and artists in the future."
About Mintus:
Provides access to otherwise inaccessible alternative asset classes for Family Offices, UHNWs, Institutions and qualifying mass affluent investors and improve portfolio diversification and enhance risk adjusted returns in a highly challenging geo-political and economic environment through an increased allocation to alternative assets on the Mintus platform. Advanced platform harnesses cutting edge technology facilitate efficient scaling and to provide a best-in-class investor experience in digital assets. AI capability is applied to asset selection across asset classes. Mintus operates in a regulated environment bringing transparency and builds trust through its PE grade investment committee and asset selection and exit process.
Bottom of Form
Notes to Editors:
Selected art for shared ownership by Mintus is subject to independent verification and valuation. All artworks are housed in a specialized and secure facility. Eligible investors are presented with a minimum investment threshold of $3,000, inclusive of certified high net worth, self-certified sophisticated or accredited investors. Certification is integrated into the registration process.
Mintus will actively manage the art investments until they are ultimately sold to enable investors to exit the investment.
Full details of the investment and risks are included in the investment documents available to all qualifying investors who successfully complete the sign-up process with Mintus. Investors’ attention is drawn to the following key risks:
– Liquidity. Shares held by investors are not traded on a recognised exchange. Investments are long-term. Mintus plans to operate a bulletin board in the future.
– Risk of Loss. All investments in shares involve a high degree of risk and compensation is not available.
– Lack of Diversification. Shares held by investors represent interests in a specific, pre-identified artwork and the past performance of the art market, a particular artist’s work, or a given artwork is not a reliable indicator of its future performance.
Mintus Trading Limited is authorised and regulated by the Financial Conduct Authority under firm reference number 942522 to (i) arrange (bring about) deals in certain shares, securities and debentures, (ii) make arrangements with a view to transactions in certain shares, securities and debentures (iii) arrange safeguarding and administration of certain shares, securities and debentures, (iv) manage an unauthorised Alternative Investment Fund and (v) agree to carry on the regulated activities. For more details on our regulatory permissions please see the Financial Services Register.
[1] https://www.preqin.com/insights/research/reports/future-of-alternatives-2028
[2] EY 2021 Global Wealth Research Report
CONTACT: Tim Naylor; Account Manager; Lansons; +44 (0) 7983 612919
Source : Eurobank Asset Management MFMC invests in Mintus
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HONG KONG, Dec. 7, 2023 /PRNewswire/ — Herbalife, a global health and wellness company, today announced that during the year to date it has launched 20 unique products (43 product SKUs) in Asia Pacific markets, including formulations specially tailored to the needs of local consumers.
The launch of these new products underscores Herbalife’s focus on science-based innovation, and diversifying the existing range targeting weight management, daily nutrition supplementation, fitness and performance, and skin and body care, to meet shifting consumer demands.
According to Herbalife’s recent Asia Pacific Health Priority Survey, 77% of consumers in the Asia Pacific region became more health conscious as a result of the Covid-19 pandemic, and are increasingly prioritizing a healthy, active lifestyle, which includes healthier food choices in tandem with consuming dietary supplements.
"Our deep roots in Asia Pacific, combined with the close connections with our distributor community, ensure we can understand and respond to the evolving needs of consumers in the region," said Stephen Conchie, Regional President for Asia Pacific and China at Herbalife. "Hence, we are continuously innovating to create new products with flavors suiting local palates or targeting specific health needs, to help consumers achieve their unique wellness goals."
New Product Highlights
Meal Replacement and Protein Supplements
Around the world, more than five million Formula 1 protein shakes are consumed every day – helping make Herbalife the #1 brand in the world in meal replacement and protein supplements combined[1]. Adding to the robust flavor profile of Formula 1 protein shake is Red Bean and Coix Seed, launched in Hong Kong and Macau to suit the flavor preference of local people. Meanwhile, Formula 1 Select was launched in Singapore; this plant-based protein shake caters to vegetarians or people with specific dietary requirements.
Nutritional Supplements
Herbalife also offers a vast portfolio of dietary supplements, encompassing solutions for heart health, digestive health, immunity, relaxation and more. Products launched this year include:
Beta Life/ Beta Heart in Taiwan and Thailand. Formulated with Oatwell™ oat beta-glucan to regulate bodily functions, this product supports everyday health. Red Ginseng Gel in Korea. Packaged in a convenient single-serve gel format, this product contains 12mg of ginsenosides to boost immunity and reduce fatigue. Relaxation Tea in the Philippines and Vietnam. Formulated with a herbal blend and a delightful peppermint flavor, this tea supports relaxation and calms the body and mind.
Sports Nutrition
Herbalife24 is a comprehensive performance nutrition line dedicated to helping active people and athletes achieve their goals. Launched in Japan, Herbalife24 BCAAs is formulated with branched-chain amino acids and leucine to support sports performance, while the green apple flavor especially appeals to local consumers.
Awards and Certifications Testify to Product Quality
Herbalife products are grounded in science and backed by a global network of more than 300 doctors and experts in nutrition, science and health. Attesting its commitment to product excellence, Herbalife has won numerous awards and certifications reflecting consumer trust in its products, coupled with recognition of product quality and efficacy. Among notable awards won by the company in Asia Pacific this year are:
Grand award at the Most Trusted Brand Awards in Korea (the health functional food category), hosted by Digital Chosun Ilbo and sponsored by the Ministry of Trade, Industry and Energy and the Ministry of Agriculture, Food and Rural Affairs; SNQ certificate for 19 Herbalife products from the Institute for Biotechnology and Medicine Industry in Taiwan, in recognition of high safety and quality standards; Golden Products for Public Health Award for 17 Herbalife products, from Vietnam Association of Functional Foods, in recognition of product quality, safety, and effectiveness in enhancing public health.
"Our commitment to quality is a continuous journey; this commitment enables us to support millions of distributors and their customers with the very best nutrition products every single day," added Conchie.
[1]Source Euromonitor International Limited; per Consumer Health 2023ed, meal replacement and protein supplements definitions; combined % RSP share GBO, 2022 data.
About Herbalife Ltd.
Herbalife (NYSE: HLF) is a premier health and wellness company and community that has been changing people’s lives with great nutrition products and a business opportunity for its independent distributors since 1980. The Company offers science-backed products to consumers in more than 90 markets through entrepreneurial distributors who provide one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle to live their best life.
Source : Herbalife Introduces Array of New Wellness Products Tailored to Needs of Consumers in Asia Pacific
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HONG KONG SAR – Media OutReach Newswire – 7 December 2023 – ZJLD Group Inc. (“ZJLD” or the “Company”, together with the Company’s subsidiaries, collectively the “Group”; SEHK stock code: 06979. HK), the fourth largest private-owned baijiu enterprise in China, is pleased to announce it has been rated as one of the Top 100 Best ESG Practices among all listed companies in Greater China by Wind, a top-tier financial information service provider in Mainland, of which ZJLD is the one and only baijiu company on the list, standing out from over 340 newly listed Chinese companies in 2023. Shortly after its IPO in Hong Kong, the Group has already received an ESG “AA” rating from Wind, ranked fourth among the 61 companies in the beverage industry and first among all baijiu companies.
ZJLD Group was one of the early starters in deploying ESG initiatives, formulated an ESG governance framework and leadership team, as well as established a standardized ESG management and assessment system. The Group has recently set up 4 strategic objectives and identified more than 300 ESG enhancement plans since 2022, covering energy and water conservation, green packaging, quality and safety, employee care, and rural revitalization. ZJLD has completed over 260 of them as of December 2023.
As an environmental pioneer, the Group’s flagship brand, Kweichow Zhenjiu, has launched the deluxe and premium Package-free Baijiu (光瓶酒) this year, using eco-friendly packaging materials for the bottle containers. Additionally, by establishing comprehensive upstream and downstream industry chains, the Group has promoted recycling and reuse projects by transforming recycled bottles into cultural and creative tea sets. Regarding Corporate Governance, the Group consistently values employee well-being and morale and actively responds to local policies by promoting employment, stimulating domestic demand and contributing to local economic development. Internally, the Group strictly adheres to regulations and strengthens its supervision and oversight. In terms of guiding Social values, the Group has actively acted up to the national campaign for moderate alcohol consumption. The Group firmly opposed inducing underage drinking or encouraging excessive drinking. Drinking actions are no longer depicted in its promotional materials, insistently advocating for a civilized tipple. The Group recently released a brand-new promotional video on China Central Television (CCTV) showcasing the essence of “Zhen“, highlighting the natural beauty of the production origin, the excellence of the brewing process, and the elegance of the brand. By presenting the traditional brewing process, the Group promotes the mellowness and beauty of Chinese baijiu and presents the public with a unique experience of baijiu culture.
The 2023 Wind “Top 100 Best ESG Practices” among listed companies in Greater China is based on the results of Wind’s ESG ratings, considering comprehensive factors such as significant controversies, company size, and industry characteristics. The Wind ESG Rating System is based on the framework of international mainstream ESG standards. It incorporates investment practices in the capital market and the intrinsic characteristics of listed companies and relies on Wind’s robust data analysis capabilities. The Wind ESG rating system currently covers approximately 10,000 companies in the Greater China region, and the “Top 100 ESG Best Practices” represents the top 100 listed companies with the best ESG performance under that rating category.
Being selected as one of the Top 100 ESG Best Practices is a recognition and affirmation from the authoritative institution of ZJLD Group’s initiatives in the three prongs of environmental, social and corporate governance. In the future, the Group will build upon its actual circumstances in the overall industry to consolidate its existing measures, strengthen ESG-related risk monitoring and control capabilities, enhance relevant information disclosure in compliance with listing regulations, and increase its sustainable development potential. The Group strives to provide a positive return on the support and attention of its investors.
Hashtag: #ZJLDGroup
The issuer is solely responsible for the content of this announcement.
Zhenjiu was established in 1975 in Zunyi, Guizhou, China’s prime production area of sauce-aroma baijiu. In 1988, it was honored with the Silver Award of the National Quality Award at the 5th National Wine Appreciation Conference. It is one of the “Three Great Sauce Flavor Brands in Guizhou”, along with Moutai and Xijiu. In the same year, it was admitted by the Protocol Department of the Ministry of Foreign Affairs, the Communication Department of the Ministry of Economy and Trade, and the Great Hall of the People Management Bureau to become one of the four baijiu brands served at China’s national banquets.
ZJLD Group Inc. is a leading baijiu group in China devoted to offering baijiu products, including sauce-aroma, mixed-aroma, and strong-aroma, with sauce-aroma being its core. In terms of revenue in 2022, the Company was deemed the fourth-largest private baijiu company in China, according to Frost & Sullivan statistics. The Company operates four major baijiu brands in China, including Zhenjiu and Lidu, and two leading regional names, Xiangjiao and Kaikouxiao. ZJLD prides itself on inheriting the time-honored baijiu-brewing techniques and reinvigorating them to develop iconic recipes and classical flavours. It strives to develop a wide variety of aromatic and mellow baijiu products to meet the diverse preferences of consumers, seize broader market opportunities, and promote traditional Chinese baijiu culture.
Wind Information Co., Ltd. (“Wind”) is a leading company in financial software services in China, and an indispensable partner for lots of securities companies, fund management corporations, insurance companies, banks, investment firms, and media. Globally, Wind is also favored and used widely by qualified foreign institutional investors (QFII) approved by China Securities Regulatory Commission. Wind’s data is also frequently cited by authoritative Chinese and English media, research reports, and academic papers.
Wind has built a complete and accurate large-scale financial engineering and financial data center on financial and securities data in China. Wind’s data covers stocks, bonds, funds, foreign exchange, financial derivatives, commodities, macroeconomics, and financial news. Wind has also developed a series of professional analysis software and application tools for information retrieval, data extraction and analysis, and investment portfolio management applications, providing customers with faster, broader, and deeper data and information services.
This content was prepared by Media OutReach. The opinions expressed in this article are the author's own and do not reflect the view of Siam News Network.
HONG KONG, Dec. 7, 2023 /PRNewswire/ — Today, CUHK Medical Centre ("CUHKMC") and The GBA Healthcare Group (HK) Limited ("GBAH Group") signed a strategic cooperation agreement, to jointly build The GBA Integrated Value Based Care Partnership Ecosystem. Dr Hong FUNG, Chief Executive Officer of CUHK Medical Centre and Dr Felix LEE, Co-Chief Executive Officer of the GBA Healthcare Group were present at the signing ceremony for this collaboration.
Dr Felix LEE, Co-Chief Executive Officer of the GBAH Group (left) and Dr Hong FUNG, Chief Executive Officer of CUHKMC (right)
Based on years of experience in Guangdong-Hong Kong medical collaboration, GBAH Group officially launches the initiative to establish "The GBA Integrated Value Based Care Partnership Ecosystem" and announces CUHK Medical Centre as its first partner hospital in Hong Kong. Both parties are committed to patient health outcomes and will jointly provide cross-border healthcare services covering general outpatient services in the Greater Bay Area, and specialized inpatient services in Hong Kong for residents in the Greater Bay Area. Concurrently, CUHKMC declares GBAH Group as its "Designated Value Based Care Insurance Proposition Partner", aiming to meet policyholders’ healthcare service needs in Hong Kong by partnering with insurance companies to create health insurance plans that offer all-inclusive package fees and cover cross-border medical services.
With the acceleration of the aging society, medical expenses are rapidly increasing. However, there is still a need to improve medical efficiency and effectiveness. Due to insufficient prevention, the number of patients with tumors and chronic diseases is increasing year by year. The disease-centered medical model needs to quickly transition to a health-centered model. "Value-based care" concept emerged in 2006 and has since become a widely discussed topic globally. However, in China, it is still in its early stages. In contrast to traditional healthcare models, value-based care seeks to balance the business paradox of "good, fast, and cheap" by providing better healthcare services and achieving improved health outcomes at more affordable medical costs.
Value-based care has the following characteristics:
Focuses on health rather than disease. Charges based on patient health outcomes rather than services. Provides the most cost-effective healthcare services under the premise of improving patient health outcomes.
For various stakeholders in healthcare services, value-based healthcare holds the following values:
Payers: Controls costs and reduces risks by creating health insurance products based on disease prevention. Providers: Focuses on delivering services most beneficial to patient health without worrying about over or under servicing. Patients: Obtains better treatment and preventive care at a lower cost.
By coordinating the incentive mechanisms for payers, healthcare providers, and patients, the goal is to improve societal health levels and reduce overall healthcare expenditures.
Dr Hong FUNG, Chief Executive Officer of CUHK Medical Centre ("CUHKMC"), said, "We are delighted to form strategic partnership with GBAH Group, which has been deeply rooted in the Greater Bay Area for many years, promoting Hong Kong-style medical services to multiple cities in the Greater Bay Area through a public-private partnership model. It is a pioneer and promoter of Guangdong-Hong Kong medical collaboration, possessing valuable experience in value-based care practices. CUHKMC shares a common goal with GBAH Group to promote population health, and aim to serve the 87 million residents in the Greater Bay Area through mutual medical support and exchanges, in particular serving the 600,000 Hong Kong residents living in the Greater Bay Area."
Dr Felix LEE, Co-Chief Executive Officer of the GBA Healthcare Group ("GBAH Group"), said, "We are delighted that CUHKMC has become the first partner hospital in Hong Kong for The GBA Integrated Value Based Care Partnership Ecosystem. As the convener of the collaborative system, we carefully select clinics, hospitals, insurance companies, technology companies, and other medical-related institutions in the Greater Bay Area. Leveraging the advantages of general prevention and specialized treatment, we harness the dual protection of medical services and health insurance, providing trustworthy, affordable, and easily accessible medical services for residents in the Greater Bay Area. CUHKMC is a private university-affiliated teaching hospital in Hong Kong, with outstanding specialized capabilities and strong research and clinical strength. As the first Hong Kong partner hospital, CUHKMC will complement the mainland medical system, jointly ensuring the health of residents in the Greater Bay Area. So far, GBAH Group has over a hundred partner clinics and 8 partner hospitals being engaged in Guangdong-Hong Kong collaboration, offering diverse choices for healthcare and cross-border medical services for residents in the Greater Bay Area. Going forward, we look forward to collaborating with more partners dedicated to value-based care to jointly create a distinctive value-based care model in the Greater Bay Area."
The strategic cooperation between CUHKMC and GBAH Group will begin with research and clinical exchanges at the hospital where the Hong Kong-Macau Residents Healthcare Services Center is located. Through a cross-border two-way referral service model, it aims to enrich healthcare choices for residents in the Greater Bay Area and enhance their medical experience from outpatient to inpatient, from routine care to disease treatment. With the support of the partnership system, the two parties will create innovative insurance products centered around patient health, using the most cost-effective healthcare service payment model to provide residents with the most valuable health coverage.
About The GBA Integrated Value Based Care Partnership Ecosystem
The GBA Integrated Value Based Care Partnership Ecosystem is a regional collaborative medical service system initiated by GBAH Group. Participants in the partnership system include payers (insurance and reinsurance companies), service providers (hospitals and clinics), technology companies (cross-border data and clinical systems), and retail pharmacies in Hong Kong and cities in the Greater Bay Area. The partnership ecosystem, centered around residents’ health, aims to achieve the goal of keeping residents healthy and preventing illnesses through medical collaboration. When residents require medical services, the partnership ecosystem will synergize by integrating internet hospitals, comprehensive primary care services, and hospital specialty diagnostic and treatment resources, leveraging the advantages of cross-border medical services. This ensures that patients receive the most cost-effective treatment and preventive care, enables medical service providers to focus on delivering services that are most conducive to patient health, and allows payers to focus on creating health insurance products favorable for disease prevention, ultimately realizing the goal of trustworthy, affordable, and easily accessible healthcare services.
GBAH Group is dedicated to promoting the development of value-based healthcare. Over the past five years, the company has collaborated with various local governments in the Greater Bay Area, establishing a collaborative medical network between Guangdong and Hong Kong, laying the foundation for the implementation of value-based care. Specific measures include:
Providing international internet hospital services for convenient customer consultations and health inquiries. The company assigns exclusive family doctors to customers, establishes personalized health records, and achieves long-term continuous health management. Establishing Hong Kong-style general outpatient clinics in the six major cities of the Greater Bay Area for convenient local consultations. These clinics, staffed by family doctors, offer comprehensive, continuous, and personalized care services to families in the Greater Bay Area, providing health care and disease prevention services. Establishing a specialized referral service system in public community health service centers and large public hospitals, organizing Guangdong-Hong Kong expert consultations and multidisciplinary consultations, and coordinating the necessary medical resources. Forming a cross-border service network with Hong Kong outpatient clinics and hospitals to provide customers with cross-border medical services ranging from general to specialized care. Establishing the GBA Integrated Value Based Care Partnership Ecosystem, collaborating with international medical and insurance partners to introduce comprehensive outpatient and inpatient insurance services. This aims to achieve the goals of improving medical outcomes, reducing medical costs, and enhancing patient experience in value-based care.
About CUHK Medical Centre
CUHK Medical Centre ("CUHKMC") is a non-profit, private teaching hospital wholly owned by The Chinese University of Hong Kong ("CUHK"). With a social mission to bridge the service gap between the public and private healthcare systems, CUHKMC is dedicated to offering quality healthcare service at transparent and affordable package fees. In line with the not-for-profit principle, all surpluses from the Hospital will be ploughed back to the Hospital for hospital development and the CUHK Faculty of Medicine for research and teaching.
About The GBA Healthcare Group
The GBA Healthcare Group ("GBAH Group") is a strategic investment of Chow Tai Fook Enterprises Limited ("CTFE"). GBAH Group actively collaborates with regional governments and both insurance and reinsurance companies to advance the development of the Value Based Care ("VBC") model, with the goal of delivering accessible and affordable health care for all residents in the Greater Bay Area. As of November, 2023, GBAH Group has partnered with various local governments to train over 2,500 GOLD™-certified doctors and nurses, establishing more than 160 GOLD™ General Outpatient Clinics, and set up five Hong Kong – Macau Residents healthcare services centers in large scale public hospitals. For more details, please visit www.gbahealthcare.com.hk
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