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HKPC Launches “The Cradle – Going Global Service Centre” Partners with Three National Innovation Centres Achieves Three Early Going Global Success Cases

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Empowering Enterprises in Global Expansion and Reinforcing Hong Kong’s Position as an International Innovation and Technology Hub

HONG KONG SAR – Media OutReach Newswire – 11 April 2025 – The Hong Kong Productivity Council (HKPC) officially launched “The Cradle – Going Global Service Centre” (The Cradle) today, supported by the Zhongguancun Beijing-Hong Kong-Macao Youth Innovation Centre, the National Innovation Centre par Excellence (NICE), and the Greater Bay Area National Centre of Technology Innovation. The Cradle will assist enterprises in expanding into international markets. The launch coincided with the “Enterprises Going Global Conference”, which gathered over 500 leaders from government, industry, academia, research and investment sectors to explore internationalisation strategies and global market opportunities.

Located at the HKPC Building, The Cradle offers one-stop professional support for Hong Kong and mainland tech innovation enterprises, including international standards alignment, product localisation and internationalisation support, intellectual property management and protection, and overseas regulatory compliance. It is designed to empower more Hong Kong and Mainland enterprises succeed in the global market.

This year’s Government Work Report from the “Two Sessions” emphasised Hong Kong should “deepen international exchanges and cooperation”. With the distinctive advantages of One Country, Two Systems, enjoying strong support of the Motherland and being closely connected to the world, Hong Kong serves as an ideal launchpad for both Hong Kong and Mainland enterprises to pilot new products and business models before entering international markets. Leveraging HKPC’s technical expertise and international networks, The Cradle will enable enterprises to navigate global standards and enhance their international competitiveness.

To mark its launch, The Cradle is showcasing three early Going Global success cases from UISEE Technology (Beijing) Ltd, Beijing Tashan Technology Co., Ltd, and Beijing Yunji Technology Co., Ltd. Drawing on HKPC’s extensive experience in standards testing, applied R&D, scenario-based deployment, and smart manufacturing, The Cradle will also leverage Hong Kong’s strengths in intellectual property protection, supply chain management, trade finance, and ESG to support enterprise upgrades in smart manufacturing, green transformation, and digitalisation. HKPC will join hands with its partners to explore new global opportunities for enterprises and forge a comprehensive support network for going global.

The “Enterprises Going Global Conference” and the inauguration ceremony of “The Cradle” were officiated by Professor SUN Dong, JP, Secretary for Innovation, Technology and Industry of the HKSAR Government, and Hon Sunny TAN, Chairman of the Hong Kong Productivity Council.

In his opening remarks, Professor SUN Dong, JP, Secretary for Innovation, Technology and Industry of the HKSAR Government, stated: “The country has been vigorously advancing technology development in recent years, with a growing number of tech enterprises emerging and seeking new breakthroughs and business opportunities. As global competition intensifies, going global has become a key development strategy for enterprises. With our unique position as an international financial and trading hub, Hong Kong is accelerating the development into an international I&T centre and is well-placed to serve as a launch pad for enterprises. The establishment of The Cradle – Going Global Service Centre will enhance cross-regional collaboration, accelerate the integration of technology and industry, and support more enterprises in expanding globally through Hong Kong. This further reinforces Hong Kong’s status as an international I&T hub.”

Hon Sunny TAN, Chairman of the Hong Kong Productivity Council, stated in his welcome remark, “HKPC has long been committed to driving new industrialisation and supporting enterprise transformation and upgrading. In alignment with the national innovation-driven development strategy, we are collaborating with three major innovation hubs — in the Beijing-Tianjin-Hebei Region, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area — which together serve tens of thousands of enterprises. Over the past decade, HKPC has completed over 1,400 smart projects in the Greater Bay Area, and launched the ‘9+3+1 Development Plan’ to establish service bases and R&D centres, empowering SMEs to expand globally with high quality. As economies in the Global South continue to rise, we look forward to working across sectors through ‘The Cradle’ to forge a strong and sustainable outbound ecosystem for both Hong Kong and Mainland enterprises.”

Mr Zhang Kai, Executive Deputy General Manager of the Zhongguancun Beijing-Hong Kong-Macao Youth Innovation Centre highlighted the significance of The Cradle’s establishment as a major milestone. He said that this initiative will provide Beijing’s technology enterprises with comprehensive internationalization support to accelerate the global deployment of cutting-edge innovations. He added that his team anticipate strengthening its collaboration with HKPC to enhance cross-border partnerships, develop high-potential projects, and empower Beijing-based companies to succeed internationally.

Professor LIU Qing, Director of National Innovation Center par Excellence (NICE) said, “National Innovation Centre par Excellence(NICE)has always been committed to building an open and integrated innovation ecosystem to facilitate the globalization of enterprises, manifested by nurturing numerous joint innovation centres, internationally competitive R&D platforms, and project companies. Looking forward, we will continue to deepen our cooperation with HKPC, taking full benefits of Hong Kong’s regional advantages offered through Cradle, to help the Yangtze Delta enterprises overcoming the bottlenecks of global expansion. We will further leverage the industrial and innovation advantages of the Yangtze Delta, and work together with HKPC to create a new paradigm of ‘Yangtze Delta Cultivation + Hong Kong Services + Global Market’, so as to promote more enterprises to go global.”

Mr Wang Debao, Deputy Director of the Greater Bay Area National Centre of Technology Innovation stated that The Cradle leverages the international platform advantages of HKPC to provide the whole chain support for enterprises from technical verification to overseas implementation, serving as a critical bridge for their global expansion. The Greater Bay Area National Center of Technology Innovation will actively deepen collaboration with major innovation hubs, assisting mainland enterprises in overcoming technical barriers and challenges in international markets, and accelerating the high-quality development and global application of new quality productivity achievements.

Enterprises Going Global Conference Explores Global Innovation Opportunities

The Enterprises Going Global Conference featured in-depth discussions with leading industry speakers on global market trends, technology innovation, and policy-capital synergy. Key topics included global expansion strategies, overcoming internationalisation challenges, and leveraging professional services, technology collaboration, and regulatory frameworks to support sustainable global growth.

Hashtag: #HKPC

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The Hong Kong Productivity Council (HKPC)

The Hong Kong Productivity Council (HKPC) is a multi-disciplinary organisation established by statute in 1967, to promote productivity excellence through relentless drive of world-class advanced technologies and innovative service offerings to support Hong Kong enterprises. As a nationwide leader in innovative, market-driven research and development (R&D) internationally, specialising in leading technologies and all-rounded manufacturing services, HKPC promotes new industrialisation in Hong Kong and the Greater Bay Area and facilitates the development of new productive forces, leveraging innovation and technology (I&T), as well as bolstering Hong Kong to be an international innovation and technology centre and a smart city. The Council offers comprehensive innovative solutions for Hong Kong industries and enterprises, enabling them to achieve resources and productivity utilisation, effectiveness and cost reduction, and enhance competitiveness in both local and overseas marketplace. The Council partners and collaborates with local industries and enterprises and world-class R&D institutes to develop applied technology solutions for value creation. It also benefits a variety of sectors through product innovation, technology transfer, and commercialisation, bringing enormous business opportunities ahead. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades.

In addition, HKPC offers SMEs and startups immediate and timely assistance in coping with the ever-changing business environment and strengthens talent nurturing and Hong Kong’s competitiveness with FutureSkills training for enterprises and academia to enhance digital capabilities and STEM competencies.

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Recognising Purpose-Driven Excellence: ACES Awards 2025 Opens Nominations for the Philippines’ Most Visionary Leaders and Companies

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MANILA, PHILIPPINES – Media OutReach Newswire – 16 April 2025 – In a region rich with ambition, the Philippines continues to lead with sustainability and purposeful leadership. The Asia Corporate Excellence & Sustainability (ACES) Awards has officially opened Wave 2 nominations for its 2025 edition – inviting Filipino companies and leaders to share their stories of impact and vision.

Marking its tenth win, Globe Telecom – represented by Nico Bambao, was honoured with the 2024 Industry Champion of the Year award.

Now in its 12th year, ACES is one of Asia’s most respected business recognition platforms, where leadership is measured by purpose and long-term impact. Filipino organisations have earned 174 awards to date – the most awarded country, reflecting a strong national drive for innovation, sustainability and shared growth.

Among the nation’s most awarded is Globe Telecom Inc., a ten-time honouree and four-time “Industry Champion of the Year” – the most by any Filipino company. Its achievements embody the forward-thinking and socially conscious spirit of Filipino enterprises.

“The Philippines shows us that leadership means lifting others as you grow,” said Dr. Shanggari Balakrishnan, President of the ACES Awards and CEO of MORS Group. “Filipino organisations don’t just tick ESG boxes – they live them. Their passion for people, planet, and progress is unmatched.”

Even amid global and local challenges, Filipino leaders continue to step forward with boldness and empathy. ACES offers a regional platform to recognise these changemakers and connect them with like-minded peers.

The ACES Awards 2025 will be held from 27–28 November, shortly after COP30 in Rio de Janeiro. Bali, Taiwan and Malaysia are shortlisted to host the event, with the final venue to be announced in June.

Nominations are open under three pillars: Individual Leadership, Corporate Excellence and Corporate Sustainability. Wave 2 closes April 30; Wave 3 runs until June.

Whether a growing SME or industry giant—your impact deserves the spotlight. Submit now at www.acesawards.com.
Hashtag: #ACESAwards2025 #ACESAwards




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

About ACES Awards

The Asia Corporate Excellence & Sustainability (ACES) Awards, organised by MORS Group, is a leading platform that recognises businesses and leaders across Asia for their impact in leadership, sustainability, and responsible growth. ACES highlights those driving meaningful change in their industries and communities.

To nominate for the 2025 ACES Awards, contact Rhasvin Sidhu at rhasvin@acesawards.com.

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Consumer goods expo highlights China’s growing allure for global brands

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HAIKOU, CHINA – Media OutReach Newswire – 15 April 2025 – ​The fifth China International Consumer Products Expo (CICPE), held on the tropical island province of Hainan, has reaffirmed the country’s position as a vital marketplace for global enterprises.

The high-tech exhibits and beachside fashion shows at the 5th CICPE.

This year’s expo has drawn record participation from over 4,100 brands across 71 countries and regions, reflecting the expanding international appetite for engagement with China’s vast consumer market and its evolving landscape.
The UK, this year’s guest country of honor, brought 27 companies spanning fashion, beauty, and other fields. Flagship brands like Burberry and Bentley showcased their latest offerings, with a strong emphasis on green technology and sustainable development.
“I have seen the tremendous innovation and growth taking place within China’s economy in recent years, not least in digital technologies, life sciences and green energy,” said Douglas Alexander, minister of state of the UK’s Department for Business and Trade.
These areas present significant opportunities for both economies, he said, emphasizing the UK’s commitment to deepening economic ties with China.
Burberry Greater China President Josie Zhang noted the value of the expo in facilitating foreign firms to engage with local partners. “By deepening cooperation with various stakeholders, we aim to explore new market opportunities and achieve mutual growth,” she said in a written interview.
Slovakia also made a notable debut with its first-ever national pavilion. Andrea Jancekova, CEO of Slovak brand Truscada, praised the expo’s global reach. “You can have a good connection also with people from all over the world.”
Slovak Deputy Prime Minister Denisa Saková highlighted the expanding trade ties between the two countries. “China is one of our most important trading partners outside the European Union,” she said. “The growing volume of trade is a testament to the strength and dynamism of our economic relationship.”
Among the newcomers was Japan’s Eda Livestock Co., Ltd., known for its premium Wagyu beef. “We plan to establish a foreign trade company in Hainan as our strategic entry point into the Chinese market,” said Rei Tanaka, the firm’s chief operating officer, who participated in the CICPE for the first time.
This year’s expo also gathered an array of top-tier global luxury brands. Richemont’s TimeVallée debuted as an independent exhibitor, while LVMH and Kering Group brands made notable appearances, reflecting confidence in China’s premium consumption growth.
“Luxury consumers in China are significantly younger than those in many overseas markets, and that presents a major opportunity for us,” said Nancy Liu, president of luxury travel retailer DFS China. The company has introduced tailored services to cater to the expectations of these emerging consumer groups.
Beyond luxury, sectors like automotive and technology are repositioning China from being a mere sales destination to a research and innovation hub.
As the co-organizer of the 5th China International Consumer Products Expo, the Hainan Provincial Bureau of International Economic Development stated that, amid China’s technological innovation momentum, this year’s expo for the first time introduced dedicated zones for artificial intelligence and the low-altitude economy, showcasing cutting-edge technologies and products from leading tech companies around the world.
“Since 2020, Volkswagen has invested over 10 billion euros in China. In particular, we have established a research and development center in China in 2023, the largest outside Germany,” said Su Bahong, vice president of Volkswagen Group China. “This shows the trend where China is becoming the global technological innovation hub.”

Hashtag: #CICPE

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

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PAObank Shared in World Internet Conference Asia-Pacific Summit in Hong Kong

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Insights on the Potential of Commercial Data: A Path to Enhanced Financing Efficiency and Financial Inclusion

HONG KONG SAR – Media OutReach Newswire – 15 April 2025 – ​The World Internet Conference Asia-Pacific Summit 2025 held for the first time in Hong Kong. PAO Bank Limited (“PAObank”) has been invited to participate in the World Internet Conference Asia-Pacific Summit 2025, held for the first time in Hong Kong. As the only Hong Kong digital bank invited, PAObank engaged in discussions with international industry leaders and experts on unlocking the potential of commercial data. Leveraging its own experiences, PAObank analyses the adopting level of digital and intelligent technologies in financial sector, with the aim of advancing financial inclusion.

The World Internet Conference Asia-Pacific Summit, a flagship event of the innovation and technology sector, was held for two days in Hong Kong under the theme of “Integration of AI and Digital Technologies Shaping the Future – Jointly Building a Community with a Shared Future in Cyberspace”. The Summit brought together around 1,000 participants from the Mainland and overseas, including government representatives, business leaders, expert and scholars. It serves as a platform to provide new impetus for exploring the potential of digital technology and fostering the growth of the digital economy across the Asia-Pacific region.

PAObank, as the first digital bank to participate in the Commercial Data Interchange initiative, stands out in leveraging alternative data to streamline financing processes. PAObank was invited to sub-forum on the second day of the Summit, titled “Digital Finance Forum: Inclusive Finance Empowered by Digital Intelligence”, where it shared insights on fintech applications and the breakthroughs of cross-sector data interchange.

Mr. Ambrose Wong, Chief Executive cum Chief Risk Officer of PAObank shared, “PAObank has been dedicated to addressing the banking services gaps for SMEs since its inception. By leveraging financial technology and alternative data, we have streamlined the loan application and approval process, empowering SMEs with tailored financing services. Over the past five years, our deep exploration and application of commercial data have benefited lots of SME customers. In fact, amongst the approved loan cases of PAObank, about 25%[1] of SMEs obtained bank loans for the first time from PAObank, and around 8.2%[2] of startups received unsecured loan, reflecting PAObank’s commitment to empowering SMEs to navigate their business upgrade and transformation journeys by leveraging financial technology.

PAObank is also strategically focusing on the Greater Bay Area, a region with immense development potential. The area is witnessing an influx of SMEs and a surge in economic vitality, leading to an increased demand for capital among SMEs. As a subsidiary of Lufax Holding Limited (“Lufax”) (06623.HK, NYSE LU), PAObank aligns closely with Lufax’s vision to leverage finance technology to advance financial inclusion in the Greater Bay Area. This synergy will support PAObank in developing cutting-edge digital banking services. PAObank will proactively explore relevant banking services and harness the role of Hong Kong as a ‘super-connector’ to support SMEs venturing into the Greater Bay Area and overseas markets, empowering them to tackle future challenges with confidence.”

Recognised as the “best partner” for SMEs, PAObank deeply understands SMEs are the cornerstone of the economy. By leveraging financial technology and commercial data, PAObank designs targeted loan services tailored to the specific operational models of various industries. These include the “Cross-border e-Commerce Revolving Loan”[3] launched this year, designed to help SME expand their e-commerce business presence. By analysing the real-time data from e-commerce platform, such as sales volume, inventory and refund rates, PAObank gains a comprehensive insight into SMEs’ business dynamics, which helps streamline the credit assessment process through big data analysis. Based upon the loan approval process, SMEs can secure funding as quick as one week[4] without providing any financial statements. This can promptly meet SME’s funding needs while assisting them in exploring new business prospects.

Looking ahead, PAObank will continue to leverage commercial data to facilitate the development of digital banking ecosystem by forging more partnership and introducing more SME banking services. With continued efforts in the development of financial technology, PAObank will bring more diverse financing services to individual and SME customers, fulfilling its commitment to financial inclusion.


[1] As at 31 December 2024, about 25% of SMEs received their first bank loan amongst the approved loan cases of PAObank.
[2] As at 31 December 2024, around 8.2% of SMEs were start-ups operating for less than 3 years amongst the approved loan cases of PAObank.
[3] This loan product is only eligible to companies registered in Hong Kong. Reminder: To borrow or not to borrow? Borrow only if you can repay! Terms & Conditions apply. Please refer to PAObank website or call customer services hotline 3762 9900 for details
[4] Upon submission of loan application, the specific disbursement time is subject to the completion of documents to be provided and signed.

Hashtag: #PAObank #WIC

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PAO Bank Limited

PAO Bank Limited (“PAObank”), a wholly-owned subsidiary of Lufax Holding Ltd (“Lufax”) (SEHK: 6623; NYSE: LU) and a member of Ping An Insurance (Group) Company of China, Ltd. (“Ping An”) (SEHK: 2318; SSE: 601318), is committed to fostering financial inclusion and establishing a digital banking ecosystem by leveraging its extensive experience in SME banking services and its leading financial technology advantages. PAObank was granted a banking licence by the Hong Kong Monetary Authority in May 2019 to offer banking services via digital channels. PAObank is expanding diverse business segments including retail banking and SME banking.

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