Connect with us

Media OutReach

ZJLD Awarded the 2024 Hong Kong Corporate Governance and ESG Excellence Award by the Chamber of Hong Kong Listed Companies

Published

20 hours ago

on

HONG KONG SAR – Media OutReach Newswire – 20 December 2024 – The first baijiu company listed on the Hong Kong Stock Exchange, ZJLD Group Inc. (“ZJLD” or the “Company”, SEHK stock code: 06979. HK), is pleased to announce that it has been awarded the 2024 Hong Kong Corporate Governance and ESG Excellence Award by the Chamber of Hong Kong Listed Companies (“CHKLC”). This accolade recognizes ZJLD’s outstanding ESG practices and affirms the Company’s effort in sustainable development and responsible business strategies. The award ceremony was successfully held on December 12 with Mr. Joseph Chan, Acting Secretary for the Financial Services and the Treasury, and Dr Kelvin Wong, Chairman of the Securities and Futures Commission (“SFC”), attending as guest speakers.

Mr. Paul Ng (middle), the Executive Director and Head of International Operations of ZJLD Group

In the context of an increasingly ESG-oriented global capital market, ZJLD appreciates the critical importance of business sustainability for investors and the financial sector. Our ESG strategy encompasses full-fledged dimensions, including water resource management, climate change risk control, packaging recycling, employee welfare, and community engagement. The Group is dedicated to establishing a transparent corporate governance framework, promoting board diversity, and enhancing shareholder communication. As ESG turns into a vital criterion for assessing long-term corporate value and risk management, the Company’s competitiveness in the financial arena has been further consolidated by its ESG initiatives, improving governance standards and providing investors with more attractive investment options.

Mr. Paul Ng, the Executive Director and Head of International Operations of ZJLD Group, said, “We believe that robust ESG practices can increase cost efficiency and attract more investment from international funds focusing on sustainability. This not only strengthens the Company’s international image but also lays a solid foundation for thriving business growth and capital operation. We urge more enterprises to actively engage in responsible production and sustainable business operations to tackle challenges like global climate change collectively. Through our collective effort, we can promote sustainable development on a global scale.”

Hashtag: #ZJLD

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

About ZJLD Group Inc.

Zhen Jiu was established in 1975 in Zunyi, Kweichow, China’s primary production area of sauce-aroma baijiu. In 1988, it was honored with the National Quality Award at the 5th National Wine Appreciation Conference. In the same year, it was announced by the Protocol Department of the Ministry of Foreign Affairs, the Communication Department of the Ministry of Economy and Trade, and the Great Hall of the People Management Bureau to become one of the two sauce-aroma baijiu served at state banquets. It is also known as one of the “Three Representative Baijiu Brands in Kweichow”.
ZJLD Group Inc. is a leading baijiu group in China that is devoted to offering premium baijiu products, including sauce-aroma, mixed-aroma, and strong-aroma. In 2023, the Company was the third-largest private baijiu company in China in terms of revenue, according to Frost & Sullivan statistics. It also was the largest IPO fundraising company on the Hong Kong Stock Exchange in 2023. The Company operates four baijiu brands in China, including two national baijiu, Zhen Jiu and Li Du, and two regional brands, Xiangjiao and Kaikouxiao. ZJLD prides itself on inheriting the time-honored baijiu-brewing techniques and reinvigorating them to develop iconic products. It strives to create a wide variety of aromatic and mellow baijiu products to meet the diverse preferences of consumers, seize broader market opportunities, and promote traditional Chinese baijiu culture.

Related Topics:

Media OutReach

Step into Hong Kong: Experience the “Immersive Hong Kong” Exhibition in Dubai

Published

15 hours ago

on

20/12/2024

By

HONG KONG SAR – Media OutReach Newswire – 20 December 2024 – The “Immersive Hong Kong” exhibition opened today (December 20) in Dubai, the United Arab Emirates, making its fifth stop after successful runs in Jakarta, Indonesia; Bangkok, Thailand; Kuala Lumpur, Malaysia; and Guangzhou, China, staged by the Information Services Department of the Hong Kong Special Administrative Region Government.

Organised in collaboration with the Hong Kong Economic and Trade Office in Dubai (Dubai ETO), the exhibition is part of the ISD’s promotional campaign to showcase the city’s new attractions, advantages and opportunities. Themed “Hong Kong – Where the World Looks Ahead”, it invites visitors to explore Hong Kong’s potential for tourism, business and investment.

The Director of Information Services, Mrs Apollonia Liu, said Hong Kong efforts to deepen overseas networks, including closer ties with the Middle East.

“The Chief Executive and principal officials have led delegations since last year to strengthen connections with the Middle East. We hope this exhibition showcase Hong Kong’s unique potential,” Mrs Liu said.

The exhibition features six immersive zones, each highlighting Hong Kong’s world-class strengths:

  • Financial Bridgehead: Discover Hong Kong’s leading role as a global financial hub
  • I&T Brain Bank: Experience the city’s cutting-edge innovation and technology
  • Blossoming Creativity: Delve into Hong Kong’s thriving arts and culture scene
  • Diversity and Greenery: Explore greenery and sustainability out of the metropolis Hong Kong
  • Buzzing Sports Action: Get a sneak peek of Kai Tak Sports Park, a premier sports and entertainment complex
  • Messy Desk x Brand Hong Kong photo corner: Discover local elements from the creative illustration of the Hong Kong skyline

With state-of-the-art displays, naked-eye 3D installations and interactive exhibits, visitors can immerse themselves in the multi-faceted brilliance of Hong Kong.

Join the ‘Snap a Cool Shot @Immersive Hong Kong’ contest! Win a grand prize of two round-trip Cathay Pacific business class tickets to Hong Kong, or secure second prize with two round-trip economy tickets from Dubai.

Enjoy live entertainment From December 20 to 22, including a high-energy street dance show by Move Beyond and a pop concert by SENZA A Cappella, bringing Hong Kong’s dynamic culture to Dubai.

Open daily with free admission, the exhibition runs until January 5, 2025, and offers complimentary souvenirs. Come to discover Hong Kong’s unparalleled blend of innovation, creativity and opportunity.

To learn more, visit https://www.brandhk.gov.hk/en/campaign/hkpromotion-middle-east as well as www.hketodubai.gov.hk/en/index.html.
Hashtag: #ImmersiveHongKong





Wechat: Wechat: 香港 亚洲国际都会

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

Continue Reading

Media OutReach

Japan’s first overseas JOYPOLIS SPORTS flagship complex opens in Kai Tak Sports Park

Published

20 hours ago

on

20/12/2024

By

The all-weather indoor sportainment complex, JOYPOLIS SPORTS HONG KONG, grandly opens today.

  • With five stories and nearly 30,000 square feet, it features dozens of sports entertainment activities.
  • With the mission of “Sports for All Generations,” it combines sports and entertainment under the concept of Sportainment.
  • The first SEGA-licensed SONIC Stadium and the top-floor themed restaurant “Hungry Tiger, Hidden Dragon” are also unveiled simultaneously.

Mr Shuji Utsumi, SEGA President and Justin Scarpone, Executive Vice President recently traveled to Hong Kong to personally host the opening ceremony of JOYPOLIS SPORTS HONG KONG and to officiate the completion ceremony of the sports-themed SONIC Stadium

Mr Vincent Law, Director of Supreme Joy Limited and Mr Stanley Chan, legendary racehorse owner “Golden Sixty” served as officiating guests, while jockey Vincent Ho, along with several Hong Kong athletes, discussed the sports entertainment facilities infused with local elements.

HONG KONG SAR – Media OutReach Newswire – 20 December 2024 – The largest indoor amusement park in Japan, TOKYO JOYPOLIS, launched its sister brand JOYPOLIS SPORTS, opening its first overseas flagship complex—JOYPOLIS SPORTS HONG KONG—today with a grand opening ceremony. The event was graced by Mr Shuji Utsumi, President and COO of SEGA CORPORATION; Mr. Justin Scarpone, Executive Vice President, Executive Officer and Head of Global Transmedia Group of SEGA; Mr. Nishiumi Shigehiro, Deputy Consul-General of Japan, Consulate-General of Japan in Hong Kong; Mr. Arnold Lau, Associate Director-General of Investment Promotion, InvestHK, Mr John Sharkey, Project Director, Kai Tak Sports Park Limited; along with Dr Bonnie Or, Director; Mr Vincent Law, Executive Director; Mrs Alice Law, Managing Director, Supreme Joy Limited and Mr Stanley Chan, Director and the owner of the legendary Hong Kong racehorse “Golden Sixty”; Mr Alan Ho, Director; Mr Chan Kam-lung, Director representative; and Mr. Keo. W, representative of “Hungry Tiger Hidden Dragon” and interdisciplinary designer, who served as officiating guests. They celebrated the unveiling of JOYPOLIS SPORTS HONG KONG alongside numerous distinguished guests, business partners, and friends from the sports community.

JOYPOLIS SPORTS HONG KONG, held its grand opening ceremony today. SEGA’s iconic character, SONIC the Hedgehog, joined all officiating guests to share the joy. From left: Mr Chan Kam-lung, Director representative, Supreme Joy Limited; Mr Alan Ho, Director, Supreme Joy Limited; Mr. Arnold Lau, Associate Director-General of Investment Promotion, InvestHK; Mr Stanley Chan, Director, Supreme Joy Limited and the owner of the legendary Hong Kong racehorse “Golden Sixty”; Mr John Sharkey, Project Director, Kai Tak Sports Park Limited; Dr Bonnie Or, Director, Supreme Joy Limited; Mr Shuji Utsumi, President and COO of SEGA CORPORATION; Mr Vincent Law, Executive Director, Supreme Joy Limited; Mr. Justin Scarpone, Executive Vice President, Executive Officer and Head of Global Transmedia Group of SEGA; Mr. Nishiumi Shigehiro, Deputy Consul-General of Japan, Consulate-General of Japan in Hong Kong; Mrs Alice Law, Managing Director, Supreme Joy Limited and Mr. Keo. W of “Hungry Tiger Hidden Dragon”.
Combining the concept of Sportainment, aims to create unique sports entertainment facilities for Hong Kong

With over 20 years of experience in operating amusement facilities, JOYPOLIS has long been a top choice for locals in Japan due to its large scale and diverse sports attractions. To further expand into overseas markets, it has authorized the opening of the first JOYPOLIS SPORTS flagship outside Japan, establishing a brand-new sports-themed complex.

JOYPOLIS SPORTS Hong Kong flagship complex featuring themed sports entertainment experiences - "Future Arena". It features a VR racing game where players can become jockeys, "HK Racing Legend" honoring Hong Kong's rich horse racing history and the legendary racehorse "Golden Sixty"
JOYPOLIS SPORTS Hong Kong flagship complex featuring themed sports entertainment experiences – “Future Arena”. It features a VR racing game where players can become jockeys, “HK Racing Legend” honoring Hong Kong’s rich horse racing history and the legendary racehorse “Golden Sixty”

The Hong Kong flagship complex spans five stories and nearly 30,000 square feet, featuring three major themed sports entertainment experiences and unique dining options. This includes the first licensed “SONIC Stadium”, “Ninja Dojo,” and “Future Arena,” offering dozens of interactive attractions that integrate cutting-edge technology and innovative entertainment. Most facilities have been specially designed by SEGA in collaboration with a local team for the people of Hong Kong and Kai Tak Sports Park. The top floor features a themed restaurant and bar, “Hungry Tiger, Hidden Dragon,” created by local interdisciplinary designer Keo W., which includes a semi-outdoor dining area offering a 270-degree view of the magnificent scenery of the Kai Tak Main Stadium. This is set to become one of Hong Kong’s most prominent new sports entertainment hotspots, aligning with the concept of “travel everywhere.”
At the opening ceremony, Mr Vincent Law, Executive Director of Supreme Joy Limited, stated: “We are excited to introduce JOYPOLIS SPORTS to Hong Kong, upholding Japan’s mission of ‘Sports for All Generations.’ By combining the concept of Sportainment, we aim to create an entertainment venue that offers ‘Sports & Fun, All in One.’ JOYPOLIS SPORTS brings together world-class technological sports games while cleverly incorporating local elements to provide citizens and tourists with a unique and fresh sports entertainment experience. Whether you are a fitness enthusiast or a newcomer to sports, enjoying time with family, gathering with friends, or celebrating an event, JOYPOLIS SPORTS HONG KONG offers distinctive interactive experiences that cater to different age groups, combinations, and activity needs.”

The world's first augmented reality (AR) climbing wall, "Valo Climb", integrates projection technology and motion tracking, transforming traditional climbing into an exhilarating interactive game. This innovative approach provides players with a completely new climbing experience.
The world’s first augmented reality (AR) climbing wall, “Valo Climb”, integrates projection technology and motion tracking, transforming traditional climbing into an exhilarating interactive game. This innovative approach provides players with a completely new climbing experience.

On the second floor, SEGA licensed the first SONIC Stadium, marking a significant development in the IP market

As one of the three major themed areas, SONIC Stadium is licensed and named after SEGA’s iconic character. This arena combines classic characters with sports, featuring three exclusive attractions designed for SONIC Stadium. Players of all ages can immerse themselves in the exciting world of SONIC, enjoying the dual pleasures of sports and entertainment.

During his speech, Mr Shuji Utsumi, President and COO of SEGA CORPORATION, stated:：”I am grateful for the invitation to the opening ceremony of “JOYPOLIS SPORTS” at Kai Tak Sports Park, highlighting its significance as a new hub for sports in Hong Kong. It introduces attractions designed for all ages, featuring SEGA’s SONIC the Hedgehog, and emphasises the venue’s potential for family enjoyment and community engagement. I am excited about the upcoming movie “SONIC 3” and its global fanbase, confident that “SONIC Stadium” will attract both local and international visitors. I thank collaborators for their efforts in creating this facility and hope “JOYPOLIS SPORTS” will positively impact the community. Please enjoy your time here at “JOYPOLIS SPORTS” and “SONIC Stadium” to the fullest!”

Three Major Themed Areas Combine Cutting-Edge Technology and Physical Sports to Create a New Amusement Experience

The JOYPOLIS SPORTS HONG KONG flagship complex spans five stories, featuring three meticulously designed themed areas that blend gaming and sports in innovative ways. This offers an unprecedented, visually stunning, and delightfully surprising interactive sports experience, making it a top destination for those pursuing a healthy lifestyle. Continuing the culture of TOKYO JOYPOLIS, JOYPOLIS SPORTS HONG KONG will periodically collaborate with popular Japanese IPs to launch exclusive limited-time events, co-branded products, and souvenirs that are not to be missed.

A standout feature of JOYPOLIS SPORTS HONG KONG is that it allows customers to enjoy gaming while unknowingly improving their fitness, achieving workout effects effortlessly. Through diverse facilities and exciting game content, players can sweat while having fun, experiencing the joys of sports, enhancing their fitness, and gaining an intangible amount of exercise.

At today’s opening ceremony, several athletes were present, including Mr Vincent Ho, jockey, Ms Karen Tam, two-time Olympic swimmer, Mr Cheung King-wai, former Asian Games gold medalist cyclist and Mr Stanley Tse, former sailing athlete, who represented Hong Kong at the Asian Games. They provided insights from an athlete’s perspective on various experiences and fitness needs.
JOYPOLIS SPORTS HONG KONG – Introduction to the Three Major Themed Areas

Ninja Dojo

Modern Ninja Training Experience

（Location：G/F）

Modern Ninja Training Experience

At JOYPOLIS SPORTS HONG KONG, the Ninja Dojo perfectly combines traditional Japanese ninja elements with modern ninja athletic concepts. Participants enter a training dojo where they can enhance their explosive power and reaction speed through traditional ninjutsu techniques, martial arts training, and the throwing of ninja tools. They will face a series of challenges that test both physical fitness and intelligence, earning exclusive scores to assess their modern ninja skills.

Selected Game Highlights:

  • Ninja Mission:
    Challenge yourself with a four-meter-high multi-level structure featuring seventy different tasks, each with varying difficulty levels.
  • Ninja Trainer:
    This activity is certified by the Japan Ninja Council and supervised by the Iga Ninja Museum. Participants can become precision throwing masters through challenges like the Shuriken Dart Master and Ninja Lightning Hands.
  • e-Ninja Shuriken Laser Tag:
    This is a Laser Tag experience using ninja weapons—specifically shurikens. Two teams compete in tactical duels, showcasing the fun of teamwork and competition.
  • The Ninja Dojo offers an engaging and dynamic environment for participants to train like a ninja while enjoying an unforgettable experience.

SONIC Stadium

SEGA Licensed the First Sports-Themed SONIC Stadium

（Location: 2/F）

SEGA-Licensed SONIC Stadium

The SONIC Stadium at JOYPOLIS SPORTS HONG KONG is licensed by SEGA that combines multiple SONIC-themed family entertainment attractions. This exciting arena merges the world of SONIC with sports amusement facilities, offering a thrilling experience filled with speed and excitement. Specifically designed for fans, the stadium allows visitors to experience SONIC’s signature moves while pushing their own limits. It also features a dedicated parent-child sports area designed for children aged 2 to 11, ensuring that players of all ages can immerse themselves in the world of SONIC.

Selected Game Highlights:

  • SONIC Spin Battle:
    Help SONIC unleash his iconic spin dash to break through obstacles, experiencing the thrill of speed and power.
  • SONIC Jump:
    Jump and collect rings to enhance your coordination and reaction speed in this engaging activity.
  • SONIC Athletics:
    Join SONIC and friends in various athletic competitions, where participants can compete in fun, themed races and challenges.
  • SONIC Stadium Kidz:
    This area is specially designed for children aged 2 to 11, featuring classic SONIC characters in different game zones. Activities include a ball pit, Knuckle’s spring cannon, and an interactive game wall with SONIC Pop Party, allowing kids to unleash their energy. Additionally, SONIC himself may make surprise appearances to delight young fans.
  • The SONIC Stadium promises an exhilarating environment that combines sports, play, and beloved characters, making it a must-visit attraction for families and SONIC enthusiasts alike.

FUTURE ARENA

World-Class Innovative Sports Experiences

（Location：3/F）

Seamless Integration of Physical Sports and Innovative Entertainment

The Future Arena at JOYPOLIS SPORTS HONG KONG combines physical activities with cutting-edge entertainment experiences. It showcases the latest projects developed specifically for the Hong Kong flagship complex, featuring advanced sports games created by top global game developers. Players can immerse themselves in these experiences without wearing any equipment, redefining fitness and entertainment through state-of-the-art technology.
Selected Game Highlights:

  • Valo Arena:
    This is the first mixed reality (MR) game to debut in East Asia. It combines advanced MR technology with unique motion tracking, allowing up to six players to experience the game alongside friends and family without any gear. After gameplay, participants receive a personalized video recap of their experience, capturing the joyful moments.
  • HK Racing Legend:
    Honoring Hong Kong’s rich horse racing history and the legendary racehorse “Golden Sixty”, this area features a VR racing game where players can become jockeys. Experience the speed and excitement of the racetrack while testing your riding skills and enjoying the thrill of horse racing.
  • Valo Climb:
    The world’s first augmented reality (AR) climbing wall integrates projection technology and motion tracking, transforming traditional climbing into an exhilarating interactive game. This innovative approach provides players with a completely new climbing experience.
The Future Arena promises to offer unparalleled fun and engagement, making it an exciting destination for fitness enthusiasts and gamers alike.

Merchandise

Ticketing Office and Souvenir Shop

（Location：1/F）

Ticketing Office and Souvenir Shop

The ticketing office and souvenir shop are located on the first floor, offering official SEGA SONIC & FRIENDS merchandise from Japan, as well as a variety of SONIC memorabilia from around the world. Every fan will find something to cherish.

Additionally, JOYPOLIS SPORTS HONG KONG will collaborate with popular IPs to periodically launch exclusive events, limited-edition products, collectibles, and even more exciting surprises waiting to be discovered!

Rooftop Themed Restaurant Offers Stunning Day and Night Views, Combining Sports Elements and Popular IPs Designed by Keo.W

To provide a one-stop experience for sports, entertainment, leisure, and dining, JOYPOLIS SPORTS has specially invited interdisciplinary designer Keo.W to create “Hungry Tiger, Hidden Dragon”—a unique restaurant and bar that blends sports elements with popular IPs. Its distinctive design features a semi-outdoor dining area that offers rare panoramic views of the magnificent Kai Tak Main Stadium, allowing customers to enjoy delicious food while taking in the dramatically different scenery from day to night. The restaurant’s interior design embraces a trendy modernist style and introduces new fusion dishes that blend Western and Asian flavors, catering to various customer needs. The menu echoes the theme of the Kai Tak Sports Park, providing healthy options and limited-edition themed meals for post-workout customers, such as muscle-building meals, vegetarian dishes, and energy smoothies. During the day, the restaurant maintains a casual atmosphere as the sports-themed Hungry Tiger Restaurant. In the evening, it transforms into the stylish Hidden Dragon Bar, offering a selection of fine wines and creative snacks, allowing guests to enjoy comfort and luxury. Located just a 2-minute walk from the Kai Tak Main Stadium, this restaurant is an ideal choice for audiences attending performances or sporting events.

Tickets Now Available for Purchase!

Want to quickly experience JOYPOLIS SPORTS HONG KONG, the first overseas sportainment complex located at Kai Tak Sports Park in Hong Kong? Ready to embark on a unique sportainment journey? Be sure to check the ticket options on the JOYPOLIS SPORTS Hong Kong official website, KLOOK, KKDAY, and K11 Experience. Easily book your tickets and start your brand-new sports entertainment adventure!

Hashtag: #JOYPOLIS

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

About JOYPOLIS SPORTS HONG KONG

JOYPOLIS SPORTS HONG KONG — The Perfect Combination of Sports and Fun!

As a sister brand to Tokyo JOYPOLIS, JOYPOLIS SPORTS focuses on sports concepts and currently has two locations in Sendai and Kitakyushu, Japan. In 2024, the brand’s first overseas sportainment complex, JOYPOLIS SPORTS HONG KONG, will officially open at Kai Tak Sports Park, introducing a revolutionary new concept to the city.
Unlike the JOYPOLIS SPORTS locations in Japan, the Hong Kong flagship complex integrates numerous cutting-edge technological elements that redefine the sports experience. Additionally, the first licensed SONIC Stadium adds a unique feature to this sportainment complex, providing customers with an unprecedented blend of sports and entertainment. Beyond SONIC Stadium, JOYPOLIS SPORTS HONG KONG will also bring the Ninja Dojo experience to Hong Kong, offering customers a unique modern ninja training experience. Our ninja dojo combines traditional Japanese ninja culture with innovative ninja obstacle course concepts, allowing participants to challenge themselves while experiencing the allure of the ninja spirit.
Embracing the Japanese brand philosophy of “Sports for All Generations,” the Hong Kong flagship complex offers unique sports and entertainment experiences for customers of all ages, encapsulated in the slogan: “Sports and Fun, All in One!”
JOYPOLIS SPORTS HONG KONG differs from traditional theme parks by providing a framework filled with exploration and innovation. Instead of fixed environments and experiences, we combine sports with interactivity and creativity, allowing each visitor to enjoy a unique experience.
Location: G/F to 4/F, Health and Wellness Centre, Kai Tak Sports Park, Kai Tak, Kowloon City, Kowloon, Hong Kong (8-minute walk from Sung Wong Toi / Kai Tak MTR Station Exit D)

Trial Operation Hours:
  • JOYPOLIS SPORTS HONG KONG
    Monday to Saturday: 10:30 am – 8:30 pm
  • Hungry Tiger Hidden Dragon Restaurant and Bar
    Monday to Wednesday, Sunday: 12pm – 10pm
    Thursday to Saturday: 12pm – 2am
The official opening is on 22 December, 2024 with promotional offers available on various ticketing platforms. After the trial period, operating hours and ticket prices may be adjusted, so please stay tuned to the official website () or our social media for the latest announcements.

Continue Reading

Media OutReach

XTransfer and OCBC Jointly Announce Comprehensive Partnership

Published

22 hours ago

on

20/12/2024

By

“Global Multi-Currency Accounts” Empowers SMEs with New Market Opportunities

SHANGHAI, CHINA – Media OutReach Newswire – 20 December 2024 – XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, and OCBC, the second largest financial services group in Southeast Asia, jointly announced the comprehensive partnership. OCBC China will leverage the OCBC Group’s extensive regional network and resources in its key markets of Singapore, Hong Kong, Malaysia and Indonesia to collaborate with XTransfer to provide small and medium-sized enterprises (SMEs) engaging in international trade with one-stop innovative cross-border financial solutions, including payment, FX, risk control and wealth management. The Memorandum of Understanding was signed on 18 December 2024 by Bill Deng, Founder and CEO of XTransfer, and Ang Eng Siong, CEO of OCBC China.

Bill Deng, Founder and CEO of XTransfer (Left) and Ang Eng Siong, CEO of OCBC China (Right) at the MoU signing ceremony.

Bill Deng, Founder and CEO of XTransfer, stated, “This collaboration marks a significant milestone for XTransfer, greatly enhancing our global payment capabilities. By leveraging OCBC’s extensive global payment network, XTransfer saves a substantial amount of market costs and accelerates our business expansion in Southeast Asia, saving on local expansion efforts. XTransfer looks forward to expanding its business with OCBC in the future in a variety of areas, including wealth management and lending, and is looking forward to working with them to capture the vast opportunities in Greater China and ASEAN.”

Ang Eng Siong, CEO of OCBC China, said, “OCBC uses Singapore and Hong Kong as our twin-hubs, radiating out to Greater China and ASEAN regions. XTransfer’s business development plans in these areas align closely with our network layout. As XTransfer’s global account manager, OCBC China will support XTransfer and its clients in facilitating cross-border settlements through close collaboration with various business subsidiaries of the group. This will help meet the growing demand for cross-border development and business growth, helping them achieve their aspirations in Greater China and ASEAN.”

XTransfer and OCBC collaborate in several areas of cross-border business. In particular, XTransfer leverages the strong banking networks and service capabilities of OCBC to offer its customers the “Global Multi-Currency Account” provided by OCBC Hong Kong, allowing clients to make payments and collect funds globally. The Global Multi-Currency Account supports not only major currencies, such as the Renminbi, US Dollar, British Pound, Euro, etc., but also currencies from ASEAN and various countries and regions. This will benefit SMEs in foreign trade settlement in the corresponding countries and enhance global cross-border trade efficiency. The partnership will provide XTransfer’s over 550,000 clients and their buyers with more payment and collection options. Additionally, clients can make payments and collect funds through CHATS or FPS, the local clearing network in Hong Kong, offering convenience similar to local bank transfers.

In recent years, trade exchanges between China and ASEAN have become increasingly close. According to data from XTransfer, from January to September 2024, the amount received by small and medium-sized foreign trade enterprises on the XTransfer platform from ASEAN grew by 80% compared to the previous year. The partnership between XTransfer and OCBC will address this growth in international trade by SMEs, and help them capture opportunities in trade and capital flow between China and ASEAN.

XTransfer continues to build its global payment infrastructure for foreign trade through partnerships with renowned international banks and financial institutions. This partnership with OCBC brings XTransfer a new upgrade in its global payment infrastructure, offering substantial benefits to global cross-border traders. By utilising the Global Multi-Currency Account provided by OCBC Hong Kong, buyers can easily make payments in various currencies to overseas suppliers and collect funds from worldwide customers. This partnership is expected to enhance cross-border trade by significantly broadening the payment methods and scope for SMEs.

Hashtag: #XTransfer #OCBC #Partnership #SMEs #Crossborder #Payments





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

About XTransfer

XTransfer, World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, is dedicated to providing SMEs with secure, compliant, fast, convenient and low-cost foreign trade payment & fund collection solutions, significantly reducing the cost of global expansion and enhancing global competitiveness. Founded in 2017, the company is headquartered in Shanghai and has branches in Hong Kong SAR, the United Kingdom, the Netherlands, the United States, Canada, Australia, Singapore, Vietnam, Thailand, Malaysia, the Philippines, the UAE, Nigeria, etc. XTransfer has obtained local payment licenses in Hong Kong, the United Kingdom, the United States, Canada, and Australia. With more than 550,000 enterprise clients, XTransfer has become the industry No.1 in China.

By cooperating with well-known multinational banks and financial institutions, XTransfer has built a unified global multi-currency clearing network and built a data-based, automated, Internet-based and intelligent anti-money laundering risk control infrastructure centred on small and medium enterprises. XTransfer uses technology as a bridge to link large financial institutions and small and medium enterprises around the world, allowing SMEs to enjoy the same level of cross-border financial services as large multinational corporations.

XTransfer completed its Series D financing in September 2021 and achieved unicorn status. The Company possesses a diverse composition of international investors, including D1 Capital Partners LP, Telstra Ventures, China Merchants Venture, eWTP Capital, Yunqi Capital, Gaorong Capital, 01VC, MindWorks and Lavender Hill Capital Partners.

For more information:

About OCBC

OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is one of the world’s most highly-rated banks, with Aa1 by Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
OCBC is the second largest financial services group in Southeast Asia by assets. The Group offers a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.
OCBC’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals. Its insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the leading asset management companies in Southeast Asia. Its brokerage subsidiary, OCBC Securities, is one of the leading securities firms in Singapore.
The Group’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has close to 420 branches and representative offices in 19 countries and regions.
For more information, please visit www.ocbc.com

Continue Reading

Trending