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Citi Hosts Flagship AI Forum to Drive Hong Kong’s Financial Future In Partnership with Mastercard & FinTech Association of Hong Kong

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Leading Financial Institutions, Regulators, and Tech Innovators Converge to Accelerate Hong Kong’s AI Readiness and Global Leadership

HONG KONG SAR – Media OutReach Newswire – 24 September 2025 – Citi Hong Kong, in collaboration with Mastercard and the FinTech Association of Hong Kong (FTAHK), successfully co-hosted the “Creating an AI Ready Economy” forum yesterday. Riding on the success of last year, this flagship event, now in its second edition, brought together over 100 participants. This exclusive event brought regulators, finance industry experts, and FinTech innovators together to delve into the transformative potential of artificial intelligence (AI) in propelling Hong Kong’s economic future, firmly cementing Hong Kong’s unparalleled position as a global AI-enabled financial hub. This forum reaffirmed Citi’s unwavering commitment to fostering innovation and preparing the financial ecosystem for an era of unprecedented growth and technological leadership.

The event featured a distinguished lineup of speakers from the Hong Kong Monetary Authority (HKMA) and leading organizations including Accenture, Fano, Google Hong Kong and Mastercard. This diverse representation underscored the broad industry commitment to advancing AI capabilities responsibly and collaboratively. During the forum, discussions spanned critical areas such as the future impact of AI on Hong Kong’s economy and banking industry, the value of AI for wealth management, and the potential of Agentic AI in transforming the banking, investments and financial services.

The forum also emphasized responsible AI adoption, balancing innovation with strong regulatory oversight and consumer protection, and fostering international collaboration to ensure a secure, transparent, and well-regulated environment, drawing insights from initiatives like the GenAI Sandbox and evolving regulatory policies.

Vicky Kong, Head of Wealth, Asia North & Australia at Citi, said, “At Citi Wealth, AI presents an unprecedented opportunity to not only personalize client experiences but also to deliver enhanced value. Citi is at the forefront of leveraging AI to optimize our operations, empowering our teams to focus on providing our clients with timely, sophisticated and hyper-personalized wealth management solutions that anticipate and meet their evolving needs. This is how we are actively building the future of wealth.”

Delving into advanced AI applications, Joe Bonanno, Head of Data Analytics & Innovation at Citi Wealth, commented, “We are relentlessly modernizing our technology platforms to deliver state-of-the-art capabilities – bringing advanced functionality, innovation, and personalization to both clients and colleagues. This commitment also optimizes our operations and provides truly tailored client experiences. At Citi Wealth, we have already seen the significant impact of AI with the launch of AskWealth and Advisor Insights for the Wealth business in North America, enhancing operational efficiency and tailoring client experiences. We are incredibly excited to scale these proven AI innovations globally, bringing significant added value to our clients across the Hong Kong market and beyond.”

Dipendra Malhotra, Head of Wealth Technology at Citi, added, “The rapid evolution of our industry demands a bold vision for technological transformation. At Citi Wealth, we are architecting an industry-leading technological backbone, powered by strategic partnerships with innovators. This empowers our colleagues to deliver deeply personalized client experiences, establishing Citi as a pioneer in human-AI collaboration that fundamentally enhances value for both our colleagues and clients.”

Matthew Driver, Executive Vice President, Services, Asia Pacific at Mastercard, said, “AI is transforming wealth management – from streamlining operations and risk management to delivering deep personalization and actionable insights. Market leaders like Citi are leading this shift by not just upgrading technology, but driving a full-scale transformation across culture, processes, systems and capabilities. Responsible data use, executive commitment, and retraining are all critical to unlocking AI’s full potential, but perhaps the most important is keeping the human in the loop from governance all the way through to relationship management, because trust is the currency of the digital economy.”

Lareina Wang, Chair, FinTech Association of Hong Kong, said “This forum was a powerful demonstration of the collaborative spirit driving Hong Kong’s fintech ecosystem. Bringing together regulators, financial institutions, and technology innovators is essential to responsibly harness the transformative power of AI. The FTAHK is proud to partner with industry leaders like Citi Hong Kong and Mastercard to foster these critical dialogs, especially by the participation of members from our AI Strategic Advisory Council. By uniting diverse perspectives, we can accelerate Hong Kong’s journey to becoming a leading AI-ready economy, ensuring the city remains at the forefront of financial innovation.”

The forum marked a significant step in Hong Kong’s journey towards an AI-enabled financial hub. By facilitating the responsible adoption of AI, Hong Kong is ready to become a future-ready leader in the rapidly evolving global landscape, with Citi actively contributing to this transformative vision.

Click HERE to download the photos

Photo 1: Leading industry experts, regulators, and innovators gather at the “Creating AI Ready Economy” forum in Hong Kong, fostering dialogs to shaping the future of AI-driven financial innovation (From left to right):

  • Dr. Miles Wen, Co-founder & CEO of Fano
  • Sarah O, Head of Digital Growth & Cards and Unsecured Lending Sales, Citibank Hong Kong
  • Tancho Fingarov, SVP, Head of Business & Market Insights for Asia Pacific, Mastercard
  • Aveline San, Chief Executive Officer and Banking Head of Citi Hong Kong
  • Carmen Chu, Executive Director, Banking Supervision of the Hong Kong Monetary Authority
  • Howard Lee, Deputy Chief Executive of the Hong Kong Monetary Authority
  • Joe Bonanno, Head of Data Analytics & Innovation at Citi Wealth
  • Dipendra Malhotra, Head of Wealth Technology at Citi
  • Vicky Kong, Head of Wealth, Asia North & Australia at Citi
  • Nailesh Shah, Head of Digital Platform & Content Commercialization, Citibank Hong Kong
  • Nicole Bodack, Managing Director, Banking & Capital Markets, APAC at Accenture

Photo 2: Marc Luet, Head of Japan, Asia North & Australia, and Banking at Citi delivers opening remarks at the “Creating AI Ready Economy” forum.

Photo 3: Howard Lee, Deputy Chief Executive of the Hong Kong Monetary Authority (left), discusses the regulatory vision for AI, underscoring Hong Kong’s commitment to fostering a secure and well-regulated environment for AI-driven advancements during a Fireside Chat moderated by Vicky Kong, Head of Wealth, Asia North & Australia at Citi (right).

Photo 4: (2nd from the left to right) Joe Bonanno, Head of Data Analytics & Innovation at Citi Wealth, Carmen Chu, Executive Director (Banking Supervision) of the Hong Kong Monetary Authority, and Michael Yue, Managing Director and General Manager at Google Hong Kong, discuss how AI is revolutionizing the banking and wealth management landscape during the panel discussion moderated by Aveline San, Chief Executive Officer and Banking Head of Citi Hong Kong (first from the left).

Photo 5: (2nd from the left to right) Dipendra Malhotra, Head of Wealth Technology at Citi, Tancho Fingarov, SVP, Head of Business & Market Insights for Asia Pacific at Mastercard, and Nicole Bodack, Managing Director, Banking & Capital Markets APAC at Accenture discuss how Agentic AI is transforming financial services, during the panel discussion moderated by Dr. Miles Wen, Co-founder & CEO of Fano (first from the left).

Hashtag: #Citi

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

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SIM and the True Worth of Education: Beyond Tuition Fees

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SINGAPORE – Media OutReach Newswire – 7 December 2025 – As Singaporean families plan for higher education, tuition costs often dominate the conversation. However, the more critical consideration lies in understanding the relationship between cost and value. This article provides an in-depth understanding of the financial implications of pursuing studies at local public universities, private institutions such as SIM, and overseas universities, while highlighting SIM’s distinctive proposition that extends beyond competitive pricing.

Local Public Universities: Affordable and Prestigious

Singapore’s autonomous universities remain among the most cost-effective options for Singapore citizens, thanks to the Ministry of Education’s Tuition Grant. For example, undergraduate programs at NUS and NTU cost around S$8,250 per year for Singaporeans, while SMU averages S$11,500 annually. Other institutions such as SUTD, SUSS and SIT fall within similar ranges, typically between S$8,000 and S$13,500 per year. Over a three- to four-year degree, this translates to roughly S$25,000 to $54,000 in tuition fees.

The autonomous universities offer strong reputations and excellent graduate outcomes, but entry to some programme is highly competitive, and program flexibility may be limited compared to private or overseas options.

Overseas Universities: Prestige Comes at a Price

For families considering an overseas education, costs escalate dramatically. Tuition at U.S. private universities averages US$50,000 to US$60,000 per year (about S$70,000 to S$84,000), with living expenses adding another US$10,000 to US$15,000 annually. In the UK, fees range from £10,000 to £38,000 per year (approximately S$17,000 to $65,000), while Canada and Australia typically charge S$14,000 to $28,000 for tuition alone. Factoring in accommodation, travel, and insurance, a four-year overseas degree can easily exceed S$150,000.

While these programs offer prestige and cultural immersion, they also involve significant financial, visa, and lifestyle considerations.

SIM Global Education: International Degrees at Local Cost

SIM offers a compelling alternative for students seeking global credentials without the high cost of studying abroad. Through partnerships with leading universities from the UK, Australia, the U.S., Canada, and Europe, SIM delivers more than 140 programs in Singapore, allowing students to earn internationally recognized degrees, essentially the same degree if you studied overseas, but locally at SIM. Tuition fees vary by program, for example, a University of London BSc ranges from S$26,685 to S$42,835, a University of Birmingham top-up degree costs S$42,000 to S$57,100, and a degree from the University at Buffalo falls between S$41,700 and S$74,600 for Singaporeans.

Beyond competitive pricing, SIM emphasizes value. Degrees are awarded by partner universities and aligned with global academic standards. The institution holds EduTrust Star certification and ISO accreditation, ensuring the best quality assurance. Students benefit from bond-free scholarships and bursaries, as well as Career Connect services that provide internships, mentoring, and employer networking. Graduate outcomes are strong, with nearly 80% of SIM graduates securing employment within six months of graduation.

Why Value Matters as Much as Cost

Choosing a degree isn’t just about tuition fees, it’s about the total investment, which includes living costs, global recognition, and career outcomes. Local autonomous universities such as NUS, NTU, and SMU remain highly attractive for their subsidized fees and strong reputations, making them one of the most cost-effective options for Singaporeans. However, entry is competitive, and program flexibility may be limited.

On the other end of the spectrum, overseas universities offer prestige and cultural immersion but often come with six-figure costs and additional living expenses. This is where SIM provides a strategic middle ground, delivering internationally recognized degrees from leading global universities at local cost. Students gain access to global curricula, industry-ready skills, and career networks without the financial burden of relocating overseas. For families seeking international exposure at sustainable costs, SIM combines affordability with the value of global education

References:

  1. NUS Fees for Undergraduate Programmes – https://www.nus.edu.sg/registrar/docs/info/administrative-policies-procedures/ugtuitioncurrent.pdf
  2. NTU Fees for Undergraduate Programmes – https://www.ntu.edu.sg/docs/default-source/onestop@sac/2025/tuition-fees-ft-ay2025_12mar25.pdf?sfvrsn=b8c5474_1
  3. SMU Fees for Undergraduate Programmes – https://admissions.smu.edu.sg/financial-matters/tuition-fees-grant
  4. SUTD Fees for Undergraduate Programmes – https://www.sutd.edu.sg/admissions/undergraduate/education-expenses/fees/tuition-fees/
  5. SUSS Fees for Undergraduate Programmes – https://www.suss.edu.sg/admissions/financial-matters/tuition-fee-subsidy/full-time-undergraduate
  6. SIT Fees from Undergraduate Programmes – https://www.suss.edu.sg/admissions/financial-matters/tuition-fee-subsidy/full-time-undergraduate
  7. Comparison of Tuition Fees in US, UK, Canada and Australia – https://uninist.com/blog/financial-planning/comparison-of-tuition-fees-guide
  8. How much does college cost in 2025 – https://research.com/universities-colleges/how-much-does-college-cost
  9. Price of attending undergraduate institutions – https://nces.ed.gov/programs/coe/indicator/cua
  10. University of London Bachelor Degree – https://www.sim.edu.sg/degrees-diplomas/programmes/programme-listing?academic=2%7C&programmetype=1%7C3&university=1%7C
  11. University of Brimingham Bachelor Degree – https://www.sim.edu.sg/degrees-diplomas/programmes/programme-listing?academic=2%7C&programmetype=1%7C3&university=10%7C

Hashtag: #SIMGlobalEducation #SIMGE #GlobalEducation #InternationalDegree #CareerReady #FutureSkills

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

About SIM Global Education

SIM Global Education (SIM GE) is a leading private education institution in Singapore and the region. We offer more than 140 academic programmes ranging from diplomas and graduate diploma programmes to bachelor’s and master’s degree programmes with some of the world’s most reputable universities from Australia, Canada, Europe, United Kingdom, and the United States. SIM GE’s cohort is made up of 16,000 full- and part-time students and adult learners, of which approximately 36% are international students hailing from over 50 countries.

SIM GE’s holistic learning approach and culturally diverse learning environment aim to equip students with knowledge, industry skills and employability competencies, as well as a global perspective to succeed as future leaders in a fast-changing, technologically driven world.

For more information on SIM Global Education, visit sim.edu.sg

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A-Level vs Polytechnic: Understanding different pathways offer competitive edge at SIM

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SINGAPORE – Media OutReach Newswire – 6 December 2025 – Singapore’s education system offers two popular tertiary pathways after post-secondary, A-Levels through Junior Colleges and Polytechnic diplomas. Both leading to higher education but differ in focus. A-Levels are academically rigorous and theory-driven, preparing students for university through subject-based learning over two years at junior colleges or three years at Millennia Institute.

Conversely, Polytechnic programmes emphasize applied learning, incorporating projects and industry attachments, and culminate in a diploma after three years. Understanding how these distinct approaches translate into admission considerations at SIM, one of Singapore’s leading private education institutions, is essential.

For students and parents, evaluating these options is critical to determining which pathway offers the greatest advantage in today’s competitive education landscape.

Applying with A-Levels

For students who have completed A-Levels, SIM requires applicants to meet the academic and English language criteria specified for each degree programme. According to SIM’s admissions process, candidates must submit their GCE A-Level certificates and transcripts along with other supporting documents. Entry is subject to programme-specific requirements set by SIM and its universities partner from Australia, Canada, Europe, the United Kingdom, and the United States. This pathway allows applicants to begin their degree studies immediately after junior college, provided they meet the specific entry requirements for their chosen programme.

Applying with a Polytechnic Diploma

Polytechnic graduates may be eligible for advanced standing and credit exemptions when applying to SIM’s degree programmes. The amount of exemption depends on the relevance of the diploma and the chosen degree. For example, IT-related diplomas from local polytechnics can receive up to two years of credit exemptions for certain programmes, such as those offered by the University of Wollongong, provided the applicant meets GPA requirements (typically 2.0 or above). Other diplomas may receive partial exemptions on a case-by-case basis. These exemptions reduce both time and cost, making SIM an attractive option for Polytechnic graduates who want to build on their applied learning experience.

Why It Matters

According to the Ministry of Education (MOE) statistics in 2021, roughly one in three Polytechnic graduates progress to local autonomous universities, compared to about four in five A‑Level and International Baccalaureate graduates. This gap underscores the importance of additional pathways such as SIM, which enable Polytechnic graduates to earn globally recognised degrees and expand their career prospects.

Student Stories: Two Potential Paths to Success at SIM

At SIM, students have the flexibility to shape their academic journey based on their background and career goals. For some, it’s about gaining a head start; for others, it’s about leveraging credit exemptions to fast-track progress. Ashley Ong and Violet Weng exemplify these two pathways, each leading to success in its own way.

Ashley Ong, an A-Level graduate, chose to begin her degree journey with the University at Buffalo Bachelor of Science in Business Administration. She embraced every opportunity SIM offered such as internships, hackathons, and networking events, building practical skills and global perspectives that prepared her for a competitive business world.

Meanwhile, Violet Weng, a Singapore Polytechnic graduate, opted for a different approach. While pursuing her RMIT Bachelor of Business (Economics and Finance), Violet leveraged SIM’s credit exemptions to shorten her study duration and reduce costs, all while working full-time. This flexibility allowed her to balance work and study, accelerate graduation, and advance her career without compromise.

Both stories highlight SIM’s commitment to offering customized pathways for students whether you’re starting fresh or building on prior learning.

Conclusion

Whether you come from an academic route like A-Levels or an applied learning path through Polytechnic, the journey to a degree can look very different. A-Level graduates often enjoy a head start with direct entry, while Polytechnic graduates benefit from credit exemptions that recognize their practical skills. Both pathways reflect Singapore’s evolving education landscape where flexibility and global opportunities matter more than ever.

References:

  1. MOE Post-Secondary – https://www.moe.gov.sg/post-secondary/
  2. SIM Application Process – https://www.sim.edu.sg/degrees-diplomas/admissions/application-process
  3. SIM-UOW Credit Exemption Table – https://www.sim.edu.sg/getmedia/9c0ad90d-5910-4d47-b044-f815188a4b16/sim002856.pdf
  4. MOE Education Statistics Digest – https://www.moe.gov.sg/about-us/publications/education-statistics-digest
  5. Polytechnic graduates progression and subsidies for PEIs – https://www.moe.gov.sg/news/parliamentary-replies/20210510-polytechnic-graduates-progression-and-subsidies-for-peis
  6. askST: How many uni places are there for Singaporeans? Is there a quota for poly grads? – https://www.straitstimes.com/singapore/how-many-uni-places-for-locals-any-quota-for-poly-grads
  7. How 6 internships, 4 hackathons, and CCAs paved the way for Ashley – https://www.sim.edu.sg/articles-inspirations/how-6-internships-4-hackathons-and-ccas-paved-the-way-for-ashley
  8. How this graduate pivoted her career by pursuing a degree while working full time – https://www.sim.edu.sg/articles-inspirations/how-this-graduate-pivoted-her-career-by-pursuing-a-degree-while-working-full-time

Hashtag: #SIMGlobalEducation #SIMGE

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

About SIM Global Education

SIM Global Education (SIM GE) is a leading private education institution in Singapore and the region. We offer more than 140 academic programmes ranging from diplomas and graduate diploma programmes to bachelor’s and master’s degree programmes with some of the world’s most reputable universities from Australia, Canada, Europe, United Kingdom, and the United States. SIM GE’s cohort is made up of 16,000 full- and part-time students and adult learners, of which approximately 36% are international students hailing from over 50 countries.

SIM GE’s holistic learning approach and culturally diverse learning environment aim to equip students with knowledge, industry skills and employability competencies, as well as a global perspective to succeed as future leaders in a fast-changing, technologically driven world.

For more information on SIM Global Education, visit sim.edu.sg

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K. Wah Group Donates Additional HK$12.07 Million for Tai Po Recovery

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Chairman Mr. Francis Lui Urges Public to Turn Compassion into Action and Vote 7 December

HONG KONG SAR – Wechat: 嘉华集团 K. Wah Group

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

About K. Wah Group

K. Wah Group was founded in 1955 by Dr. Lui Che Woo and has since grown into a diversified multinational corporation. Its core businesses span property development and investment, integrated resort and entertainment, hospitality, and construction materials.

The Group has a strong presence in Mainland China, Hong Kong, Macau, Southeast Asia, and key international markets. Its major subsidiaries include two Hong Kong-listed flagships: K. Wah International Holdings Limited (HKEX: 00173), focused on premium property development and investment; and Galaxy Entertainment Group Limited (HKEX: 00027), a constituent of the Hang Seng Index and a leading gaming and entertainment operator in Macau. Other key members of the Group include Stanford Hotels International and K. Wah Construction Materials Limited. Today, K. Wah Group comprises over 200 subsidiaries worldwide.

Website:

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