Fintech PR

China to offer more, better services to world through high-quality development

Published

1 year ago

September 5, 2023

BEIJING, Sept. 5, 2023 /PRNewswire/ — A report from People’s Daily:

On Sept. 2, Chinese President Xi Jinping addressed the Global Trade in Services Summit of the 2023 China International Fair for Trade in Services (CIFTIS) via video.

“In developing the services sector and trade in services, China will work with all countries and parties to advance inclusive development through openness, promote connectivity and integration through cooperation, foster drivers for development through innovation, and create a better future through shared services, in a bid to jointly get the world economy onto the track of sustained recovery,” Xi said.

In his speech, Xi announced a series of measures of China to expand the opening up of the services sector and expounded on China’s important proposals for promoting the prosperity and development of international trade in services. The speech demonstrated China’s willingness and commitment to sharing the achievements of trade in services with other countries.

The world economic recovery remains sluggish today, with less than 3 percent growth for the year as estimated by some international institutions.

Trade in services is a pivotal component of international trade, and the services sector plays a vital role in economic and trade collaboration between nations.

At present, the deepening global cooperation in trade in services and the services sector, the accelerated process of digital-driven, smart and green growth, and burgeoning new technologies as well as new business forms and models would give a strong impetus to advancing economic globalization, reviving global growth and enhancing the resilience of world economic development.

With the theme of “Opening up leads development, cooperation delivers the future,” the 2023 CIFTIS aims to build an important platform for expanding opening up, deepening cooperation and leading innovation, and will inject new impetus into promoting world economic recovery through trade in services.

How will China, the second-largest economy in the world, further contribute to global economic recovery?

Noting that this year marks the 45th anniversary of China’s reform and opening up, Xi reaffirmed the country’s commitment to promoting high-standard opening up and advancing Chinese modernization on all fronts through high-quality development, thereby providing all countries with new opportunities for openness and cooperation.

China will create a “more open and more inclusive” development environment, strengthen the bond of mutual benefit and win-win cooperation, strengthen innovation-driven development, and share the outcomes of the Chinese modernization drive with the rest of the world.

These proposals demonstrate China’s firm determination to follow the development trend of economic globalization, promote development by opening up and seek win-win results with cooperation. They also manifest China’s aspiration to lend new impetus to global development with the opportunities generated by the country’s vast market, and to increase the sense of gains of people around the world.

How will China, a powerhouse of trade in services, further promote international service trade?

Xi noted that China will expand a globally-oriented network of high-standard free trade areas, actively launch negotiations on the negative list for trade in services and investment, and further open up services areas such as telecommunications, tourism, law and vocational examinations.

China’s national integrated demonstration zone for greater openness in the services sector as well as eligible pilot free trade zones and free trade port will be the first to align their policies with high-standard international economic and trade rules, Xi said, adding that the country will widen access to its services sector, advance the opening up in cross-border services trade in an orderly manner, improve the level of standardization of services trade, and steadily expand institutional opening up.

China will deepen cooperation on services trade and digital trade with Belt and Road partner countries. It will accelerate the cultivation of new drivers for the digitalization of services trade, implement pilot reforms on basic data systems, and promote the development of digital trade through reform and innovation.

Besides, it will take the initiative to increase the imports of quality services, and encourage more exports of knowledge-intensive services.

These measures will not only help with the development of China’s service sector and trade in services, but also promote the prosperity of global trade in services and bring more benefits of trade in services to people around the world.

This year marks the 45th anniversary of China’s reform and opening up. The world is seeing a more proactive China in expanding openness and cooperation, and a more attractive China to all countries eager for openness and cooperation.

China is continuously working to improve its business environment, further expanding the industries and areas in which foreign investment is encouraged, offering greater convenience for foreign investors in China, and promoting the signing of more high-standard free trade agreements and regional trade agreements. It has created a series of platforms of opening up including the CIFTIS and the China International Import Expo.

In the first seven months of this year, 28,406 foreign-funded enterprises were established across China, up 34 percent.

The CIFTIS this year has attracted 59 countries and 24 international organizations to set up exhibitions and conferences, with more than 2,400 companies participating offline. More than 500 Fortune 500 companies and industry leaders attended the event, and over 20 percent of participants were from outside China.

This fully proves the confidence of the international community in the Chinese economy, and the great importance it is attaching to the vast opportunities presented by the Chinese market.

The global economy thrives in openness and withers in seclusion. China will unswervingly expand high-level opening up, and work with all parties to uphold the hard-won free trade and multilateral trading regime, share in the historic opportunities in the development of global trade in services, and unite for an even brighter and more prosperous future for the world.

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Fintech PR

Apt.Residential Selects Yardi’s Technology to Support BTR Projects

Published

5 hours ago

September 18, 2024

CISION (PR Newswire)

apt.residential-selects-yardi’s-technology-to-support-btr-projects

Australian property developer and operator to utilise innovative cloud platform for construction and investment accounting

SYDNEY, Sept. 18, 2024 /PRNewswire/ — Apt.Residential, an owner, developer and operator of residential properties in Australia, has chosen Yardi’s single connected platform to support growth, connect teams and manage capex projects and build.

With Yardi®, Apt.Residential can manage its funds and simplify complex financial processes, mitigate risk and deliver real-time insights into projects. The platform provides more visibility from investor to asset and delivers enhanced and accurate reporting. The company can access live data for costing, expenses, and revenue on all projects, from ground-up development to single-unit improvements and will allow Apt.Residential to grow the volume of units within BTR once they have operational units.

“We wanted to find the best platform for BTR that would support growth, streamline management of capex projects and handle our complex accounting,” said Michael Hogg, co-founder & head of operations for Apt.Residential. “Yardi’s single integrated platform was the best solution as it ensures our team can connect on one system and not worry about integrations or using multiple platforms.”

“We’re excited to work with Apt.Residential and support its growth as the company expands its BTR projects,” said Neal Gemassmer, vice president and general manager for Yardi. “Our connected platform will help Apt.Residential enhance communication and set them up so they’re ready to operate once development has completed.”

See how Yardi’s end-to-end technology can help drive your digitalisation strategies.

About Apt.Residential
Apt.Residential is a leading vertically integrated owner, developer, and operator of residential properties in Australia backed by global institutional capital. The company develops residential communities where wellbeing and connectedness come first. Its human-centric approach allows Apt.Residential to shape places for people who crave comfort, community, and elevated living. For more information, please visit aptresidential.au.

About Yardi

Celebrating its 40-year anniversary in 2024, Yardi® develops industry-leading software for all types and sizes of real estate companies across the world. With over 9,500 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energised for Tomorrow, visit yardi.com.au.

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Fintech PR

NewCo Capital Group Continues Global Expansion as 2024 Milestones Set The Stage for an Ambitious Q4

Published

5 hours ago

September 18, 2024

CISION (PR Newswire)

newco-capital-group-continues-global-expansion-as-2024-milestones-set-the-stage-for-an-ambitious-q4

NEW YORK, Sept. 18, 2024 /PRNewswire/ — As Q4 fast approaches, NewCo Capital Group (“NewCo”) and Australia-based Bizcap are finalizing year-end initiatives to strategically position both companies for an ambitious expansion in 2025.

Both companies have celebrated a highly successful 2024, marked by remarkable and accelerated growth. This momentum has been driven by Bizcap’s unique Line of Credit product, NewCo’s introduction of their “Line of Capital” product and the launch of NewCo’s new mobile app. CEO Albert Gahfi emphasized the importance of closing 2024 on a high note to set the stage for future growth. “We’ve had an exceptional year so far, but our focus is on what comes next. We’re building the foundation for 2025 and beyond, ensuring that NewCo and Bizcap are positioned for continued global expansion.”

The plan for Q4 includes deepening their presence in existing markets while making calculated moves into new territories, including Singapore, Germany, and Luxembourg. “There are new opportunities in emerging markets that are currently underserved, where we believe we can make a significant impact. As a result, 2025 promises to be an exciting year for SMB financing globally.”

By reinforcing their operational and technological infrastructure, the companies are preparing to meet the demands of a rapidly evolving global financing landscape. “2024 has been a year of strong growth, but we’re not stopping here,” Gahfi said. “We are focused on delivering innovative financing solutions that not only meet the needs of today but also anticipate the demands of tomorrow. As we head into 2025, we’re ready to expand our reach and provide even more businesses with the capital they need.”

Part of a multinational collaboration, NewCo and Bizcap have successfully deployed over $1.5 billion to over 35,000 businesses worldwide. Gahfi commented, “We’re moving capital faster and more effectively than any other sector and our clients are benefiting from that growth.”

NewCo’s strength lies in its ability to adapt quickly, using a unique mix of proprietary technology, nuanced underwriting, and an experienced risk management team. The companies’ hybrid approach is challenging outdated financing models, making NewCo a preferred partner for SMBs looking for custom capital solutions that truly fit their needs.

“We’re not just growing; we’re leading,” Gahfi added. “As we expand globally, our goal remains the same—helping small businesses scale, create jobs, and thrive.”

With a clear strategy and a relentless focus on delivering value, NewCo Capital Group is primed to deepen its market influence and capitalize on emerging opportunities. As the company prepares for its next wave of market entries, Q4 will serve as a pivotal launchpad for an even more ambitious 2025, setting the stage for continued growth and global leadership.

For more information, visit www.NewCoCapitalGroup.com.

Contact:

NewCo Capital Group
Email: [email protected]
Website: www.NewCoCapitalGroup.com

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Fintech PR

Zulu Ecosystems and Severn Trent Water secure Innovate UK funding to pioneer catchment-scale Nature-based Solutions

Published

7 hours ago

September 18, 2024

CISION (PR Newswire)

Partnership aims to develop innovative funding model for nature-based solutions that enhance water resilience in the Idle and Torne catchment, a priority area for environmental improvement
Project will aggregate supply and demand for ecosystem services across the 1,200km²catchment, benefiting both nature and local communities
Led by Zulu Ecosystems, the collaboration seeks to accelerate private investment in nature recovery while addressing critical water challenges

LONDON, Sept. 18, 2024 /PRNewswire/ — Zulu Ecosystems and Severn Trent Water have been awarded funding from Innovate UK, the UK’s innovation agency, for a £580,000 project to develop a groundbreaking catchment system operator model for unlocking private investment in nature. The project aims to enhance water resilience and deliver multiple benefits for both nature and local communities in the Idle and Torne River catchment.

The Idle and Torne catchment, identified as a priority catchment by the Environment Agency, faces significant challenges including drought risk, flood vulnerability, and water quality issues. Approximately 60% of water bodies in the catchment currently fail to meet good ecological status. However, the area also presents substantial opportunities for nature recovery, with potential to restore over 5,000 hectares of priority habitats and significantly improve water resources management.

This innovative partnership will leverage Zulu Ecosystems’ cutting-edge natural capital assessment capabilities and Severn Trent Water’s expertise in water management to create a scalable approach for funding and delivering nature-based solutions. The project will focus on interventions such as woodland creation, wetland restoration, and riparian woodland to address the catchment’s pressing environmental challenges. The project will engage local stakeholders, including farmers, landowners, and community groups, to ensure that interventions reflect local needs and knowledge.

Ed Asseily, CEO of Zulu Ecosystems, said:

“This funding from Innovate UK is a game-changer for how we approach local nature recovery and water resilience. By developing a catchment-scale model that aggregates both the supply of and demand for ecosystem services, we can accelerate the flow of private capital into nature-based solutions.”

Severn Trent Water will play a key role as the project’s System Operator, strategically coordinating plans and aligning stakeholder priorities to maximise outcomes for water services and the environment.

Richard Smith, Strategic Asset Planning Manager at Severn Trent Water, commented:

“We’re excited to partner with Zulu Ecosystems on this transformative project. By adopting a system operator approach, we can ensure that investments in nature-based solutions deliver the greatest possible benefits for our customers, local communities, and the environment.”

This project has been funded by Innovate UK as part of the ‘Integrating Finance and Biodiversity for a Nature Positive Future’ programme, a joint initiative between the Natural Environment Research Council (NERC) and Innovate UK. This £7 million programme aims to develop solutions that embed the values of biodiversity into financial decision-making.

By bridging the gap between nature recovery and water resilience, this project has the potential to create a replicable model for sustainable landscape management across the UK. Innovate UK’s support underscores the national significance of developing new approaches to environmental management that can deliver multiple benefits, including improved water security, enhanced biodiversity, climate resilience, and potential new income streams for landowners.

Over the next 9 months, the project team will work closely with local stakeholders to identify priority interventions and develop a portfolio of investable nature-based solutions. The project aims to demonstrate how multi-stakeholder nature-based projects can be developed, funded, and delivered at catchment-scale to address climate adaptation and reverse biodiversity loss. Findings will be published to help scale similar initiatives across the UK and beyond.

For more information, please contact:
[email protected]
[email protected]

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