VICTORIA, Seychelles, Nov. 7, 2023 /PRNewswire/ — Bitget, the leading cryptocurrency derivatives and copy trading platform, has expanded its support for fiat gateways in the Middle East region. Users can now utilize the platform’s peer-to-peer trading for seven currencies: DZD (Algerian Dinars), BHD (Bahraini Dinars), TND (Tunisian Dinars), JOD (Jordanian Dinars), QAR (Qatari Rials), MRU (Mauritanian Ouguiyas), and OMR (Omani Rials).

With the newly added fiat support, Bitget users can start buying and selling crypto with zero fees on Bitget P2P. Users can purchase USDT with integrated local currencies using local payment methods from anywhere globally via Bitget P2P.

"Our products are aligned with Bitget’s expansion plans in the Middle East. We want to enable our traders to trade in their preferred fiat currencies. With Bitget P2P we’re enabling a seamless and convenient trading experience for our valued users in the region. We’re focused on driving financial sovereignty as we make crypto accessible and user-friendly throughout the globe," said Gracy Chen, Managing Director at Bitget.

The recent addition of these diverse fiat currencies to Bitget’s peer-to-peer trading framework is part of its expansion strategy in the Middle East, recognizing the region’s prominence as a thriving hub for crypto activities. As the platform prioritizes providing a smooth trading experience, Bitget users in the Middle East will benefit from zero fees for buying and selling cryptocurrencies through Bitget P2P, ensuring a seamless and user-friendly experience for traders.

Bitget has already begun exploring license applications in order to operate in target Middle East markets. Gaining proper licenses and regulatory approval is a top priority to support expansion and allow the company to open regional offices. Bitget has been scaling its operational reach globally in recent months, including the registration as VASP (Virtual Asset Service Provider) in Poland and similar crypto registration in Lithuania. The new expansion plan in the Middle East region aligns with Bitget’s vision of spreading crypto’s mass adoption.

Additionally, Bitget has launched a specialized Euro (EUR) fiat gateway exclusively for its institutional accounts. This customized service provides versatile features and smooth access to deposit and withdrawal options for verified Bitget institutions. With this new institutional service, EUR transfers can be conducted securely, cost-effectively, and with enhanced flexibility, enhancing the overall user experience on the Bitget platform.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

Source : Bitget P2P Expands Fiat Options for Middle East with Seven New Currencies

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DHAKA, Bangladesh, Nov. 7, 2023 /PRNewswire/ — Denmark’s green investment proposal valued at USD 1.3 billion for developing the country’s first 500 MW utility-scale offshore wind energy project has received a nod in principle from the government to carry out a detailed feasibility study and implement the first phase of development with (site) exclusivity in next 3 years. Denmark’s Copenhagen Infrastructure Partners (CIP), Copenhagen Offshore Partners (COP) in association with Bangladesh’s Summit Group had submitted the foreign direct investment (FDI) proposal in July, 2023.

The consortium including Summit and Denmark’s COP, CIP to carry out a feasibility study for the development of Bangladesh’s first offshore wind project valued at USD 1.3 billion. Photo Credit: NiseriN

The proposed project site is located in the offshore of Cox’s Bazar district. When functional, the 500 MW (installed) wind energy project would generate electricity which will be supplied directly to the national grid via an onshore substation to homes and businesses.

This offshore wind project in particular presents a unique opportunity for the country to maximize the utilisation of its coastal resources, supporting the development of the ‘Blue Economy’. The project comes at a crucial point in time for Bangladesh as despite ambitious clean energy targets, the country remains heavily reliant on fossil fuel imports, a comparatively costly power source due to global inflation-related price shocks. Bangladesh therefore needs to rapidly develop utility-scale renewable energy projects, while simultaneously adapting to climate resilience technologies, to support continued economic growth and eliminate ‘absolute poverty’ by 2041. With the Institute for Energy Economics and Financial Analysis (IEEFA) projecting an annual requirement of USD 1.7 billion in funding for the green transition, this multibillion-dollar proposal from Summit, CIP and COP may kickstart a new wave of foreign and domestic investments, driving Bangladesh towards a truly climate prosperous future.

Once implemented, this offshore wind project will be the first of its kind in Bangladesh – and possibly in South Asia, enabling a "technology-transfer" that would accelerate the learning curve for a nascent industry and reduce technological barriers to entry for future projects. The preliminary study findings suggest that hundreds of direct and indirect jobs would be created during the construction phase, in addition to dozens of high-skilled permanent positions for the 30 year operational phase of the project.

About Copenhagen Infrastructure Partners (CIP): Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) is presently the world’s largest dedicated fund manager within greenfield renewable energy investments, as well as a global leader in offshore wind. The funds managed by CIP focus on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X. CIP manages ten funds and has raised over EUR 25 billion to date for investments in energy and associated infrastructure. CIP has approximately 400 employees and 11 offices across North and South America, Europe, Asia, and Oceania. For more information: visit: www.cip.com

About Copenhagen Offshore Partners (COP): Copenhagen Offshore Partners (COP) is a world leader in offshore wind project origination, development, and construction. COP is accelerating the energy transition through development of a 50+ GW project portfolio, one third of which represents floating offshore wind. An industry pioneer, the group is leading project development in new markets, including four projects currently under construction – Changfang Xidao and Zhong Neng in Taiwan, Vineyard Wind 1 in the United States and Jeonnam 1 in Korea. COP also specializes in system integration capabilities, including power-to-x. The group’s expert team are advancing projects across 17 offices in Europe, Asia Pacific, and the Americas. COP is a proudly independent company owned by its management. Learn more at www.cop.dk

 About Summit: Summit is the largest Independent Power Producer (IPP) in Bangladesh, reflecting 17% of the country’s total private installed capacity and 10% of total installed capacity. Summit owns and operates a total of 18 power plants (in operation or under development) as well as operates Bangladesh’s second Floating Storage and Regasification Unit (FSRU) and LNG import terminal with daily regasification capacity of 500 million cubic feet. Summit’s partners include JERA, Mitsubishi Corporation and Taiyo Insurance Company of Japan and GE of the USA. Learn more at: www.summitpowerinternational.com

Source : GoB approves development of Bangladesh's first Offshore Wind Project

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VICTORIA, Seychelles, Nov. 7, 2023 /PRNewswire/ — Bitget, top crypto derivatives and copy trading platform, has released its Protection Fund Valuation Report for October 2023. The fund’s value averaged 357 million for the month, with a peak value of 388 million, thanks to the recent surge in market movements.

Bitget’s Protection Fund stands as one of the largest self-insured funds in crypto. Launched in August 2022, the fund serves as an initiative to provide users with an additional layer of protection as it safeguards crypto assets against hacks, scams, and extreme market conditions. The Protection Fund constitutes a robust financial shield intended to protect the financial interests of Bitget’s users.

The Protection Fund is entirely self-funded, affording a high degree of operational flexibility and autonomy. This approach enables swift and efficient asset coverage without external red tape or the need for policy adjustments. To further increase its stability and liquidity against external factors, the fund encompasses a diversified portfolio of high-liquidity cryptocurrencies such as BTC, USDT, and USDC.

Throughout the month of October, Bitget’s Protection Fund consistently maintained a value exceeding US300 million, as tracked daily. The fund’s book value experienced a significant surge, surpassing US388 million, primarily driven by the volatile nature of Bitcoin prices. The recent increase in market volatility contributed to the fund’s average value reaching US$357 million for the month.

Bitget Protection Fund Valuation Status in October 2023 :
Highest value: $ 388.5 million (October 29)
Lowest value: $ 337.9 million (October 12)
Average value: $ 357.2 million

The crypto market anticipates a high probability of the final approval for a Bitcoin ETF being disclosed in January 2024. With positive macroeconomic sentiment and the expectation of ETF approval, it is anticipated that the price of BTC will continue its upward trend in November. This is exciting for the Protection Fund as it will keep exceeding its previous year’s high with the current surge in the market.

"Market sentiments have been surging since the price hikes in October. A substantial increase in demand has been observed, prompting us to align the Protection Fund to offer insurance coverage for unexpected events. Bitget’s objective is to empower individuals to safely and efficiently enter the world of cryptocurrencies, and we are committed to providing them with the essential protection to facilitate this transformative transition.," said Gracy Chen, Managing Director at Bitget.

Bitget’s commitment to transparency goes beyond the Protection Fund Valuation report. Starting from December 2022, the exchange has consistently offered verifiable Proof of Reserves data, providing users with additional confidence in the security of their assets. Bitget continues to grant users unrestricted access to comprehensive fund information, including publicly available wallet addresses. For more detailed information, please visit here.

About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. 

For more information, visit: Website  |  Twitter  |  Telegram  |  LinkedIn  | Discord | Bitget Wallet

Source : Bitget Released Protection Fund Valuation Report for October 2023

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SHENZHEN, China, Nov. 7, 2023 /PRNewswire/ — This October, Peking University HSBC Business School (PHBS) has been granted EQUIS accreditation for a period of five years. Though a young institution, PHBS has set its sights on global recognition and is now among only a selective few of the best business schools worldwide to hold the "Triple Crown" —EQUIS, AACSB, and AMBA, granted by the three most influential business school accreditation organizations. There are 215 EQUIS-accredited schools across over 40 countries globally, and only around 1% of business schools worldwide are triple-accredited.

PHBS receives EQUIS Accreditation, now holding the "Triple Crown"

Established in 1997, EQUIS serves as a rigorous benchmark for business schools to assess, accredit, and improve their quality in governance, programs, students, faculty, research, internationalization, and among others. Its thorough and strict peer-review process signals a school’s overall quality, viability, and self-improvement commitment to students, employers, and academic partners worldwide.

During the peer review, the PHBS dean introduced the school’s achievements and shared the strategic roadmap for its future development. Representatives of faculty, staff, students, alumni, and strategic partners from the industry also participated in the peer review interviews.

Among many quality indicators, the team recognized the high-quality students and faculty, a strong commitment to internationalization, well-designed programs, strict admission and selection for students, and, particularly, excellent career placement. According to the annual employment report, the initial employment rate of PHBS graduates from MA and MBA programs reached 97.7%, with a majority of graduates securing positions in leading finance and consulting companies.

Noting the internationalization actions, the team spoke highly of four areas: faculty recruitment, student cultivation, international collaboration, and the development of the UK campus, the first foreign campus opened by a Chinese business school in a Western country. Through alumni and corporate connections, PHBS also develops strong ties with industries and educates students with real-world cases. Therefore, the peer review team pointed out the school has strengths in its corporate, policy, and professional networks in China, especially in the Greater Bay Area.

Located in Shenzhen, PHBS was founded in 2004 with the vision to advance Peking University’s commitment to global economics, finance, and management research, and develop as a center of international excellence in business education. Holding multiple accreditations speaks volumes about the school’s standards and practices, and it will continue empowering students with the knowledge and skills necessary to succeed globally by providing exceptional faculty, impactful research, and the highest standards.

Source : PHBS Receives EQUIS Accreditation, Now Holding the "Triple Crown"

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HONG KONG, Nov. 7, 2023 /PRNewswire/ — OP Investment Management ("OPIM"), Asia’s leading hedge fund platform, was voted the Best Hedge Fund Platform at the HFM Asian Services Awards 2023 . Year-on-year, the HFM Intelligence Asian Services Awards recognizes and rewards hedge fund service providers who have demonstrated exceptional client service, innovative product development, and strong and sustainable business growth over the past 12 months.

This is OPIM’s 7th win and its 8th successive nomination. In 2023, OPIM has been steadily launching new strategies with partnered managers. We have 8 new launches, and an additional 10 funds/SMAs in the pipeline targeting to be launched in Q4 2023 to Q1 2024. Strategy slightly tilts towards macro and trading oriented ones. OPIM now advises or manages 36 products with AUM/AUA of USD 1.5 billion on the platform.

In addition to the new launches, OPIM is currently building China market access through QFI which allows allocators to access untouched strategies onshore such as China CTA, China CB, and China fixed income.

OPIM is committed to supporting Asia’s fund managers with all the services necessary to grow – from incorporation and incubation to infrastructure and expansion. OPIM offers a suite of services across settlement, risk management, reporting, compliance, capital introduction, and regulatory infrastructure, enabling managers to focus on building their track record.

Alvin Fan, CEO of OPIM, comments, "2023 was an incredibly challenging year for emerging managers, but it was also ripe with opportunity – harkening to 2010 and 2016, years following economic crisis. Launches from these vintages have historically outperformed and expanded their runway as favourable market conditions created tail winds for both performance and fund raising. As such, savvy managers have been quietly launching with OPIM with both SMA and AMC structures in addition to traditional fund vehicles this year. Forging the partnerships with the right partners years ago has given us the freedom to react more nimbly to the shifting macro overhang. Building in a bear market, our team is very excited about what’s to come in 2024. From digital assets to new alpha-driven QFI strategies, watch this space, as we roll out our new initiatives. "

About OP Investment Management Ltd.

OPIM is a leading Hong Kong based asset management company established and licensed since 2004 with Hong Kong Securities and Futures Commission (the "SFC") to carry out Type 1 (Dealing in Securities), Type 4 (advising on securities) and 9 (asset management) regulated activities under the provisions of the Securities and Futures Ordinance (Cap.571) (the "HK SFO"). The company is also a member of the Oriental Patron Financial Group and associate of Wealthking Investments Ltd. (Hong Kong publicly listed 1140.HK).

OPIM partners with emerging managers to develop innovative strategies for institutional and professional investors. OPIM’s institutional fund platform attracts both managers and investors from around the world working with the industry’s best business partners in alternative asset management.

For more information, please contact:

OP Investment Management Ltd

Tel: (852) 2916 9233

Fax: (852) 2916 9223

E-mail: [email protected]

Website: www.opim.com.hk

Disclaimer

This document is issued by OP Investment Management Limited ("OPIM"). This document, and the website of OPIM (www.opim.com.hk) has not been reviewed by the Securities and Futures Commission of Hong Kong.   This document is solely for information purposes and is not intended as an offer, a solicitation of offer or a recommendation, to deal in shares of securities or any financial instruments. Past performance and the predictions, projections, or forecasts on the economy, securities markets or the economic trends of the markets are not necessarily indicative of the future or likely performance of OPIM, any funds managed by OPIM, or any future funds to be launched under the Sunrise SPC Platform. Information herein is believed to be reliable at time of publication but OPIM does not warrant its completeness or accuracy and is not responsible for error of facts or opinion nor shall be liable for damages arising out of any person’s reliance upon this information. Any opinion or estimate contained in this document may subject to change without notice. This document may not be published, circulated, reproduced or distributed without the prior written consent of OPIM.

Source : OPIM Wins the Best hedge fund platform of 2023

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HONG KONG and SHANGHAI, Nov. 7, 2023 /PRNewswire/ — Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An", the "Company" or the "Group", HKEX: 2318 / 82318; SSE: 601318) has achieved the rating of "Achiever" in the Business Sustainability Indices (BSI) published by The Chinese University of Hong Kong.

Since its launch in 2015, the BSI offers a framework that supports companies in driving their sustainability strategy and promotes business practices that contribute to positive social and environmental impact.

Facing a complex and volatile external environment and fluctuating capital markets in the past years, Ping An remained resilient and integrated sustainability into its strategy and business practices to create greater value for customers, employees, shareholders and society. Ping An continues to enhance its corporate governance and business sustainability, with a sustainability management framework and a clear, transparent ESG governance structure. At the end of 2022, the Company upgraded its Green Finance Committee to a Sustainable Development Committee (SDC). Under the leadership of Chairman Ma Mingzhe, with the Group’s Co-CEOs and senior executives serving as deputy directors, the SDC oversees Ping An’s green finance, rural revitalization, and other key ESG initiatives.

On the social front, Ping An has integrated insurance with healthcare and elderlycare services to address the aging population challenge in China. It also launched home-based eldercare services with family doctors and concierges. The services covered 54 cities across China as of September 30, 2023. To promote rural revitalization, including industry, healthcare, and education, the Company launched the Ping An Rural Communities Support program in 2018. The Company provided RMB103,241 million through the program as of September 30, 2023.

In terms of environmental issues, Ping An continues to advance green finance initiatives. Green investment of insurance funds and green loan balances totaled RMB140,929 million and RMB134,926 million respectively as of June 30. Green insurance premium income totaled RMB26,276 million in the first nine months of 2023. The Group also continues to raise standards in green operations. In 2022, it completed a carbon inventory project, covering the Group and its 21 subsidiaries, then produced a roadmap to achieve operational carbon neutrality by 2030. In addition, to promote ecological conservation and protect biodiversity, Ping An established the Biodiversity and Environmental Conservation Charitable Trust in 2023, the first charitable trust in China to focus on the conservation of mangrove ecology. Ping An Property & Casualty Insurance launched its first ocean carbon sink index insurance policy in 2023, following by the pilot of the launch of its forest carbon sink remote sensing index insurance in 2021. The ocean carbon sink index insurance provides carbon sink risk protection with RMB400,000 for 13.3 mu (8,866.67 square meters) of kelp, shellfish and algae, enriching Ping An’s carbon sink insurance coverage on terrestrial and marine ecosystems, including forest, mangroves and grasslands.

– End –

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 Ranked in CUHK's Business Sustainability Indices with Rating of "Achiever"

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GUANGZHOU, China, Nov. 7, 2023 /PRNewswire/ — Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced that it plans to release its third quarter 2023 financial results on Tuesday, November 14, 2023, before the US market open.

The Company will hold a conference call on Tuesday, November 14, 2023 at 7:30 am US Eastern Time, 8:30 pm Beijing Time to discuss the financial results.

All participants wishing to join the conference call must pre-register online using the link provided below.

Registration Link: https://register.vevent.com/register/BI76030433d32e4ded923a0d58ad810740

Once pre-registration has been completed, each participant will receive dial-in numbers and a unique access PIN via email. To join the conference, participants should use the dial-in details followed by the PIN code.

A live webcast of the earnings conference call can be accessed at https://edge.media-server.com/mmc/p/m9sw6aaf. An archived webcast will be available at the Company’s investor relations website at http://ir.vip.com.  

About Vipshop Holdings Limited

Vipshop Holdings Limited is a leading online discount retailer for brands in China. Vipshop offers high quality and popular branded products to consumers throughout China at a significant discount to retail prices. Since it was founded in August 2008, the Company has rapidly built a sizeable and growing base of customers and brand partners. For more information, please visit https://ir.vip.com/. 

Investor Relations Contact

Tel: +86 (20) 2233-0732

Email: [email protected]

Source : Vipshop to Announce Third Quarter 2023 Financial Results on November 14, 2023

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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