Continued to rank 1st in Multi-Line Insurance & Brokerage Industry in APAC

HONG KONG and SHANGHAI, Nov. 29, 2023 /PRNewswire/ — Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An", the "Company" or the "Group", HKEX: 2318 / 82318; SSE: 601318) announced that it has been rated A in the Morgan Stanley Capital Investment’s (MSCI) latest ESG Ratings, this is the second consecutive year for Ping An to be awarded an A rating, and continued to rank 1st in multi-line insurance & brokerage industry in APAC.

One of the most widely adopted benchmark indexes, the MSCI index is an important basis for investment decisions and data analyses by global asset managers. According to the MSCI ESG rating report, Ping An’s performance in the areas of "Privacy & Data Security", "Access to Finance", and "Financing Environmental Impact" exceeded industry average. Ping An was recognized by MSCI for its extensive data protection procedures, including certification to external information security management standards and robust compliance programs, as well as its management of environment risks in corporate financing activities.

Ping An has incorporated environmental, social, and corporate governance (ESG) philosophies and standards into its corporate management as part of its ongoing exploration and learning from world-class companies. Maintaining a focus on people and customer needs, Ping An has continued to expand its financial services capabilities and coverage. The Group focuses on the "integrated finance + healthcare" strategy driven by technology, continuously consolidating the strong synergies of integrated finance, advancing the development of healthcare and elderlycare, and enhancing digitization, to achieve long-term and sustainable high-quality development.

Leveraged Integrated Finance Advantages to Advance Green Finance Initiatives

Ping An actively responds to climate change challenges and opportunities, leveraging its integrated finance capabilities to promote green finance and help China to achieve its goals of "carbon peak and neutrality in 2030 and 2060 respectively". In terms of responsible investment, Ping An implemented the principle of active ownership, integrated ESG factors into the research, analysis and investment decision-making process, supervised and participated in the ESG management of portfolio companies, and guided the healthy development of portfolio companies. By the end of June 2023, green investment in Ping An’s insurance assets had reached RMB140.929 billion. In terms of responsible banking, Ping An fully implemented green, social, and inclusive sustainable development concepts in its credit business and other financing businesses, and integrated ESG factors into its pre-loan, lending and post-loan processes. As of the end of June 2023, Ping An’s balance of green loans stood at RMB134.926 billion. Regarding sustainable insurance, Ping An continued to promote the development of green insurance products and services and focused on changes in demand for insurance products as a result of health and urbanization trends in China, and developed a wide range of social and inclusive insurance products to provide more comprehensive health and life protection to vulnerable groups and special care groups. During the first three quarters of 2023, the company’s green insurance policies generated original premium income of RMB26.276 billion.

Strengthened Personal Information Protection and Enhanced Data Security Management

Remaining customer-centric, Ping An improved its information security management system and strengthened the protection of personal information and consumer rights. To enhance the customer experience, the Company continuously improved customer profiling and gained insight into customers’ needs under the premise of strict compliance with the law. By the end of December 2022, 93% of Ping An’ s operations had been certificated by ISO/IEC 27001 Information security management system. In 2022, Ping An conducted over 50 specialized information security training sessions and education campaigns for all employees and relevant third-parties, covering topics such as terminal security and data security.

Enhanced Financial Service Coverage and Fulfilled Corporate Social Responsibility

Ping An remained customer-demand oriented, and improved its service capabilities and coverage. In 2022, Ping An launched "Rural Areas Support" program which included insurance services, financial services and healthcare in rural areas to support rural development through multi-dimensional upgrading of rural and industrial revitalization. The programs sought to narrow urban-rural development gaps, foster innovations in financial inclusion, and empower SMEs development. Ping An has also committed a total of RMB103.241 billion to aid in rural industrial assistance through its Rural Communities Support programs since 2018.

Looking ahead, Ping An will continue to adhere to high corporate governance standards under its technology-driven "integrated finance + healthcare and elderlycare" strategy, providing "financial advisory, family doctor, and elderlycare concierge" services to nearly 230 million customers. In addition, the company will utilize its integrated finance strength to advance ESG governance and green finance initiatives, and implement a sustainability strategy to steadily create greater value for customers, employees, shareholders and society.

About Ping An Group
Ping An Insurance (Group) Company of China, Ltd. (HKEX:2318 / 82318; SSE:601318) strives to become a world-leading integrated finance and healthcare services provider. With nearly 230 million retail customers, Ping An is one of the largest financial services companies in the world. Under the technology-driven "integrated finance + healthcare" strategy, Ping An provides professional "financial advisory, family doctor, and elderlycare concierge" services. Ping An advances intelligent digital transformation and employs technologies to improve the quality and efficiency of its financial businesses and enhance risk management. The Group is listed on the stock exchanges in Hong Kong and Shanghai. As of the end of 2022, Ping An had RMB11,137,168 million in total assets. The Group ranked 16th in the Forbes Global 2000 list in 2023 and ranked 33rd in the Fortune Global 500 list in 2023.

For more information, please visit www.group.pingan.com and follow us on LinkedIn – PING AN.

Source : Ping An Awarded A in MSCI ESG Ratings for Two Consecutive Years

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LONDON, Nov. 29, 2023 /PRNewswire/ — The International Alliance for Responsible Drinking (IARD), a not-for-profit organization dedicated to reducing harmful drinking and promoting understanding of responsible drinking, has today announced that more than 80 of the world’s biggest companies have formed the Global Standards Coalition to tackle and reduce harmful drinking.

IARD Global Standards Coalition Statement 1

This unprecedented collaboration, which will be led by IARD members – the leading beer, wine, and spirits producers – will bring together leading retailers, e-commerce platforms, and social media companies including Meta, Walmart, SPAR International, and Uber Eats. Signatories are putting in place policies and practices to prevent the sale and marketing of alcohol to those underage, are supporting employees and partners with resources, and are working together to further reduce harmful drinking.

The full statement announcing the partnership can be found below:

For millions of adults in many cultures, enjoying beer, spirits, or wine in moderation is an important part of their social lives. Although our companies are very different, we have come together, each acting in our areas of expertise, to further accelerate reductions in the harmful use of alcohol and promote moderation among adults who choose to drink.

What we stand for as members of IARD’s Global Standard Coalition:

We firmly believe beer, wine, and spirits are adult drinks and oppose the marketing and sale of alcohol beverages to those below the legal purchase age. We put in place policies and practices to prevent marketing or sale of alcohol beverages to those below the legal purchase age. We equip our employees and partners with training and information to promote responsible business practices. We support and recognize those adults who choose not to drink alcohol.  We work together to enhance safeguards and further raise standards to address the harmful use of alcohol.

We invite others in our value chain to join us to help demonstrate the positive impact that businesses play in promoting responsible consumption and reducing harmful drinking. By harnessing our resources alongside those of policy makers, regulators, healthcare professionals, and societal leaders, we can establish a positive movement for change.

IARD Global Standards Coalition Statement 2

Source : Organizations across the globe united in further accelerating reductions in the harmful use of alcohol

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Seize the Chance to Win Thailand Air Tickets

and Enjoy a Value-for-Money Flash Mop Trip with Besties

#ShopBack # ShopBack first before Shopping #TATHK #AmazingThailand

Link to download photos: https://we.tl/t-2gMLWZnf3O  

HONG KONG, Nov. 29, 2023 /PRNewswire/ — At ShopBack, you can always find good deals with significant shopping Cashback. Knowing that Hong Kong people love flying to Thailand for massage, spa treatment and various enjoyments during long weekends, we have prepared the following good deals especially for you! ShopBack has cooperated with the Tourism Authority of Thailand, Hong Kong (TAT-HK) for the first time to jointly launch "Must-Visit Places in Thailand", giving out prizes valued at more than HK$250,000 in total, bringing you and your besties a wonderful and value-for-money trip in Thailand!

Mr. Arthur Wan, General Manager of ShopBack Hong Kong (right) feels very pleased to work with the TAT-HK to launch the exciting " Must-Visit Places in Thailand" campaign. Ms Phornmon Chansri, Director of the Tourism Authority of Thailand, Hong Kong (left) said this innovative collaboration has the potential to retain and attract customers by offering insights into the behavior of Hong Kong’s customers, thereby enabling a better understanding of what travelers truly desire.

Mr. Arthur Wan, General Manager of ShopBack Hong Kong said "ShopBack has always been committed to creating wonderful shopping experiences for our members. This time, we feel very pleased to work with the TAT-HK to launch the exciting " Must-Visit Places in Thailand" campaign. Thailand has always been one of the favourite travel destinations of Hong Kong people, while December is the holiday season for Christmas celebration. We hope the Thailand offer will bring pleasure to our members. We will launch even more surprising promotional campaigns in the future."

Ms Phornmon Chansri, Director of the Tourism Authority of Thailand, Hong Kong said "The partnership between TAT-HK and ShopBack is an inspiring example of how customer experiences can be improved while providing valuable Cashback to enhance travel experiences. This innovative collaboration has the potential to retain and attract customers by offering insights into the behavior of Hong Kong’s customers, thereby enabling a better understanding of what travelers truly desire."

ShopBack "Must-Visit Places in Thailand" HK$1,000 Challenge for Bangkok Round-trip Air Tickets

ShopBack and TAT-HK are jointly launching the "Must-Visit Places in Thailand" campaign. Hong Kong people’s favourite destinations of Bangkok, Chiang Mai and Phuket are waiting for you!

Every Tuesday this December, spend HK$1000 or more at Agoda, Trip.com, Expedia, Booking.com and other designated travel merchants through ShopBack with Cashback successfully tracked and you will receive a "Challenge Opportunity Voucher" to win 2 sets of Bangkok round-trip air tickets.

Buy and Get Air Tickets and Hotel Accommodations with Cashback from ShopBack on "Travel Tuesday"!

Travel Rule No. 1 for smart girls: grab air tickets and hotel accommodations at lower cost in a smart way! ! ShopBack’s "Travel Tuesday" campaign in December will help you get extra savings! On Tuesdays in December, buy air tickets or hotel accommodations from designated travel merchants such as Agoda through ShopBack, you can enjoy various offers every week with Cashback of up to 13%. At the same time, you can get a Cashback / rewards with your desired credit card to enjoy double benefits, plus a chance to win 2 sets of Bangkok round-trip air tickets, so that you can plan for a wonderful and value-for-money Thailand trip with your besties!

What kind of jetso you can get for, say, booking accommodations in three five-star hotels in Bangkok through ShopBack’s  "Travel Tuesday" campaign for a five-day-four-night Christmas trip with your besties? Here are the examples:

Hotel

Agoda Price Today

"Travel Tuesday" Agoda Booking Cashback

Five-day-four-night Total Savings from ShopBack

The Standard, Bangkok Mahanakhon

HK$1,943 per night

5 December booking Cashback (13%):

From as low as HK$1,690 per night

HK$1,012

12 December booking Cashback (12%):

From as low as HK$1,709 per night

HK$936

W Bangkok

HK$1,492 per night

5 December booking Cashback (13%):

From as low as HK$1,298 per night

HK$776

12 December booking Cashback (12%):

From as low as HK$1,312 per night

HK$720

Banyan Tree Bangkok

HK$1,400 per night

5 December booking Cashback (13%):

From as low as HK$1,218 per night

HK$728

12 December booking Cashback (12%):

From as low as HK$1,232 per night

HK$672

In addition, becoming a new ShopBack member in December, you will have a chance to receive up to HKD130 Cashback. Please browse ShopBack’s website or App for details.

About The ShopBack Group

The ShopBack Group is Asia-Pacific’s leading shopping, rewards, and payments platform, serving over 40 million shoppers across 11 markets. Driven by the vision to become the world’s most rewarding way to shop, ShopBack is dedicated to saving members money and time, while delivering delightful experiences with every purchase. The platform also enables merchants and brands to engage with their members in a cost-effective manner.

Founded in 2014, ShopBack now powers over US$3.7 billion in annual sales for over 20,000 online and in-store partners, with over half a million transactions happening via the platform daily. In 2022, ShopBack expanded its offerings into the realm of financial services with the launch of ShopBack Pay and PayLater – providing members with responsible and convenient payment options at checkout, while empowering partners with more ways to engage potential customers.

Cashback and services are subject to Terms and Conditions. For details, please visit:

https://www.shopback.com.hk/challenges/earn-more/HK_2023-12_MS-OA_FTM-MERCHANTNC_AGODA_REWARDTICKET_SB_TT

https://docs.google.com/document/d/1rrTrH-Zt2Syg1El2RlfjOJD3TARBdRVMyWhKwCPOyD8/edit?usp=sharing

Source : ShopBack X TAT-HK to Launch "Must-Visit Places in Thailand" in December with Total Prizes Valuing over HK$250,000

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

NEOM, Saudi Arabia, Nov. 29, 2023 /PRNewswire/ — The Board of Directors of NEOM has unveiled Siranna, an exclusive tourism escape, and the latest destination to be announced by the sustainable regional development evolving in northwest Saudi Arabia.

Siranna, NEOM’s exclusive tourism escape

Siranna is a space where elegant and innovative living meets to facilitate a lifestyle without compromise. Situated on the Gulf of Aqaba coastline, this ultra-luxurious destination will be home to a 65-key hotel, as well as 35 exclusive residences.

The destination offers uninterrupted views of the Red Sea, with its tiered design offering diverse views and perspectives. Emerging from the rugged coastal terrain, the hexagonal pillars are distinctive, yet complementary to the surrounding mountains and flora. Arriving via waterborne transportation to the secluded bay, guests will journey through the natural rock formations before reaching the enchanting entrance of the property.

With a focus on fostering original thinking and relaxation, Siranna will offer visitors and residents the opportunity to escape the noise and disruptions of everyday life and surround themselves with like-minded people in an effortlessly chic setting. 

A signature beach club, spas, and state-of-the-art wellness facilities will be on offer for visitors to unwind. Those seeking a connection with the landscape during their stay will enjoy the winding discovery trails via foot or horseback to explore where the sea, mountain, and wadi meet. Sophisticated dining and entertainment options will also satisfy a wide range of tastes and interests among guests.  

The guiding principle underpinning the development is to ensure minimal intervention in nature, where thoughtful and deliberate techniques will be used to preserve the surrounding landscape. The architecture will pay homage to the heritage of the local area and seamlessly blend into the adjoining mountain and wadi.  

Siranna is another example of NEOM’s uncompromising efforts to create spaces in nature that support sustainable future living and nurture creativity, whilst offering the ultimate luxury hospitality experience.  

Aligned with NEOM’s commitment to conservation, Siranna will complement its coastal location and be delivered sustainably. News of the development follows the recent announcements of Leyja and Epicon, which are also sustainable tourism destinations located in the Gulf of Aqaba. 

About NEOM 

NEOM is an accelerator of human progress and a vision of what a New Future might look like. It is a region in northwest Saudi Arabia on the Red Sea being built from the ground up as a living laboratory – a place where entrepreneurship will chart the course for this New Future. It will be a destination and a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses and reinventing environmental conservation. 

NEOM will include hyperconnected, cognitive cities, ports and enterprise zones, research centers, sports and entertainment venues and tourist destinations. As a hub for innovation, entrepreneurs, business leaders and companies will come to research, incubate and commercialize new technologies and enterprises in groundbreaking ways. Residents of NEOM will embody an international ethos and embrace a culture of exploration, risk-taking and diversity. 

For further information email [email protected] or visit www.neom.com and www.neom.com/en-us/newsroom.  

This material is distributed by Teneo Strategy LLC on behalf of NEOM Company. Additional information is available at the Department of Justice, Washington, DC. 

Siranna, NEOM’s exclusive tourism escape

Source : NEOM announces Siranna, its exclusive tourism escape

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

SINGAPORE, Nov. 29, 2023 /PRNewswire/ — BingX, a global leading crypto exchange, has announced a groundbreaking innovation that allows its users to use their BingX Wealth savings as margins for futures trading. This move enables BingX users to optimize their futures positions while enjoying the dual benefits of active trading and prudent financial management.

BingX Wealth Enables USDT Savings as Futures Margin

BingX users can leverage their USDT savings, whether in flexible or fixed-term accounts, as margins in futures trading. A key advantage of this development is the continued accrual of interest on these savings, even when experiencing floating losses from futures positions. This functionality is currently exclusive to perpetual futures trading. BingX smartly determines the maximum amount of savings that can be used as margin, giving priority to those in longer terms to ensure flexibility. BingX applies a 100% financing rate for eligible wealth products, markedly higher than the average market rate.

BingX users can expect continuous interest incomes as long as the account is risk-healthy. The fixed-term savings remain in the futures account after expiration, with interest automatically credited to their fund account. In case of forced liquidation, BingX halts interest accrual, performs forced redemption, and uses the savings as margin to offset incurred losses. Users are required to return the principal of savings used as margin before redemption, with the platform prioritizing flexibility by returning the financial product with the shortest term first.

Megan Nyvold, Head of Branding at BingX, highlights: "This initiative underscores BingX’s dedication to setting the bar high and consistently introducing original features that offer users exceptional opportunities. By empowering our users to employ their BingX Wealth savings as futures trading margin, we’re not only facilitating more robust trading but also maximizing potential earnings in the fast-evolving crypto landscape."

BingX Wealth offers an integrated asset management solution, particularly focusing on maximizing the returns of underutilized funds. It provides diverse savings options, including both flexible-term and fixed-term plans for major cryptocurrencies such as BTC, ETH, and USDT, with attractive annual percentage yields and a secure guarantee on principal amounts.

About BingX

Founded in 2018, BingX is a leading cryptocurrency exchange, serving over 5 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency.

Source : BingX Wealth Enables USDT Savings as Futures Margin

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

WENZHOU, China, Nov. 29, 2023 /PRNewswire/ — ZK International Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN," "ZK International" or the "Company"), a leading provider of advanced steel products, is pleased to announce a financial boost with a $5 million passive investment commitment from the CF Opportunity Fund Ltd., which is a Bahamas-based fund.

Univest Securities acted as the sole placement agent in facilitating this strategic financing, marking a significant milestone in ZKIN’s journey towards enhanced growth and innovation.

About the Financing:

ZKIN has successfully secured a substantial passive investment of $5 million from a Bahamas Fund, signaling a vote of confidence in the Company’s vision and future prospects. The investment will be made in three separate subscriptions and one closing, demonstrating a structured approach to fostering a long-term belief in the Company’s vision and future.

The Initial Subscription – Establishing Foundations:

An initial investment of $1,500,000 will be completed within three business days after signing the Securities Purchase Agreement (the "Agreement") (the "Initial Subscription Date"). This initial phase sets the tone for the partnership’s future by providing essential capital when it is most needed. The agreed per-share price for this closing is equal to $1.70 per share.

The Second Subscription – Fortifying Collaboration:

Following the successful completion of the initial tranche, an additional $2,000,000 investment will be executed within 60 days from the Initial Subscription Date (the "Second Subscription Date"). This second phase will look at solidifying CF Fund’s belief in the Company’s vision.

The Third Subscription – Sustaining Momentum:

Building on the momentum of the previous subscriptions, the final investment of $1,500,000 will be concluded within 60 days from the Second Subscription Date (the "Third Subscription Date"). The per-share price for this closing is equal to 165% of the higher of (i) the Initial Bid Price, (ii) or the closing bid price as of the trading day immediately prior to the Third Closing Date, or (ii) the average closing bid price during the five trading days immediately prior to the Third Subscription Date.

Strengthening ZKIN’s Financial Position:

This financing marks a significant milestone, providing ZKIN with a robust financial foundation to expedite its mission of delivering innovative steel products and solutions globally. The invaluable support from CF Opportunity Fund Ltd., facilitated by Univest Securities, will empower ZKIN to explore new opportunities, expand its operations internationally, and fortify its position in the dynamic steel industry.

A Pioneering Journey:

Remaining steadfast in its commitment to innovation, excellence, and sustainable growth, ZK International Group Co., Ltd. welcomes this substantial passive investment from CF Opportunity Fund Ltd. Aligned with the Company’s vision, this financing opens doors to a promising future. ZKIN eagerly anticipates the collaborative efforts that will help shape the future landscape of the steel industry.

Mr. Jiancong Huang, Chairman of the Company, stated, "We are delighted by the trust placed in ZK International Group Co., Ltd. by the CF Opportunity Fund Ltd.  This strategic financing not only strengthens our financial standing but also underscores the shared belief in our commitment to delivering cutting-edge solutions to its shareholders. With an above market pricing by the fund just solidifies that the Company is undervalued and has more foreseeable growth in the future.

Mr. Chris Fraunenknecht, CEO of the CF Opportunity Fund Ltd., emphasizes, "that this passive investment is not intended for establishing control of ZKIN, but instead should signal that the fund is committed to a supportive role, fostering growth and innovation while respecting the existing leadership and strategic direction of ZK International Group Co., Ltd."

For more information, please visit www.ZKInternationalGroup.com. Additionally, please follow the Company on Twitter, Facebook, YouTube, and Weibo. For further information on the Company’s SEC filings please visit www.sec.gov.

About ZK International Group Co., Ltd.:

ZK International Group Co., Ltd. is a China-based engineering company building and investing in innovative technologies for the modern world. With a focus on designing and implementing next-generation solutions through industrial, environmental and software engineering, ZKIN owns 28 patents, 21 trademarks, 2 Technical Achievement Awards, and 10 National and Industry Standard Awards.  

ZKIN’s core business is to engineer and manufacture patented high-performance stainless steel and carbon steel pipe products that effectively deliver high quality, highly-sustainable and environmentally sound drinkable water to the Chinese, Asia and European markets.  ZK International is Quality Management System Certified (ISO9001), Environmental Management System Certified (ISO1401), and a National Industrial Stainless Steel Production Licensee.  It has supplied stainless steel pipelines for over 2,000 projects, which include the Beijing National Airport, the "Water Cube" and "Bird’s Nest", which were venues for the 2008 Beijing Olympics.  ZK International is preparing to capitalize on the $850 Billion commitment made by the Chinese Government to improve the quality of water, which has been stated to be 70% unfit for human contact.  

Safe Harbor Statement 

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict and many of which are beyond the control of ZK International.  Actual results may differ from those projected in the forward-looking statements due to risks and uncertainties, as well as other risk factors that are included in the Company’s filings with the U.S. Securities and Exchange Commission. Although ZK International believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized.  In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by ZK International or any other person that their objectives or plans will be achieved. ZK International does not undertake any obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Source : ZK International Group Co., Ltd. and The CF Opportunity Fund Commits $5 Million Investment with the First Subscription Priced at $1.70 per Share

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network