Fintech PR
CGTN: China showcases commitment of opening up via massive trade fair
BEIJING, Nov. 6, 2024 /PRNewswire/ — International companies looking to enter the Chinese market are flocking to Shanghai to take advantage of the seventh China International Import Expo (CIIE), the country’s biggest import trade fair slated to run from November 5 to 10 this year.
A global economic and trade event, the expo generated deals cumulatively valued at $78.4 billion last year, an increase of 6.7 percent year on year, hitting an all-time high. This year’s CIIE will host 3,496 exhibitors from 129 countries and regions in an exhibition center space that covers over 360,000 square meters – equivalent to 50 standard soccer fields.
According to Chinese officials, the number of participating countries and exhibitors has surpassed previous records. And the most notable thing is that 297 exhibitors are from Fortune Global 500 companies, marking a historic high. Among all participants, 186 enterprises and institutions have participated in the expo for seven consecutive years.
Hosting the CIIE is an important aspect of China’s opening up and cooperation, representing China’s solemn commitment to the world, Chinese Premier Li Qiang said during his keynote speech at the opening ceremony of this year’s CIIE on Monday.
The Piraeus Port Authority, the operator of Greece’s largest port, is participating in the expo for the seventh consecutive year. Following its debut at the inaugural CIIE in 2018, Piraeus Port saw its container throughput hit a record high in 2019, with 40 percent of the total volume coming from China.
“Piraeus Port takes part in the CIIE every year to explore new cooperation opportunities, aiming for a win-win partnership with China,” exhibitor Evdoxia Kastrinelli told CMG, adding the port operator will keep participating in the event in the future.
Apitv, an automotive technology supplier headquartered in Dublin, is participating in the expo for the first time. A part of a global industrial machinery manufacturer with over 100 years of history, the company is showcasing more than 45 cutting-edge technological innovations, including hydrogen energy solutions, liquid hydrogen booster pumps, and other advanced products, all making their debut in China.
“We’ve seen the impact the CIIE has had on global trade over the years, and with China’s automotive industry rapidly advancing, this is an excellent opportunity for us to leverage the platform to engage in deeper cooperation with enterprises both in China and around the world,” said Jiang Weihao, a representative of the exhibitor.
In addition to tech products and consumer goods from developed countries, this year’s expo also welcomed a large number of developing nations, including 37 of the world’s least developed countries. Over 120 exhibition booths were provided free of charge to these countries. Some booths highlight African agricultural specialties such as peanut, coffee, honey and beer.
During the 2024 Summit of the Forum on China-Africa Cooperation, China announced plans to grant zero-tariff treatment on all tariff items for the least developed countries with diplomatic ties to China, including 33 African nations. Following that, 22 tonnes of avocados imported from South Africa cleared customs and arrived at Shanghai Yangshan Port in early October.
Addressing the opening ceremony, Li stressed the need to strengthen consensus on opening up, adding that all parties should jointly adhere to international economic and trade orders and rules and earnestly fulfill multilateral and bilateral economic and trade agreements.
This year, China has rolled out a series of measures to underscore its commitment to deeper reforms and greater openness.
Starting November 8, China will grant visa-free entry to citizens from nine more countries, bringing the total to nearly 30. On November 1, China implemented an updated negative list for foreign investment, removing all restrictions in the manufacturing sector.
The country has also revised policies for foreign investment in listed companies and will now allow foreign-invested hospitals in nine cities. A nationwide negative list for cross-border services trade will also be introduced.
As China continues to open its economy and stimulate growth, the International Monetary Fund (IMF) has raised its growth forecast for China to five percent, matching the country’s original growth target.
Based on IMF projections, Bloomberg has reported that China is expected to remain the largest contributor to global economic growth over the next five years, surpassing the combined contributions of all G7 countries.
China will further expand institutional opening up and actively align with high-standard international economic and trade rules, Li said, pledging efforts to implement the strategy for upgrading pilot free trade zones.
View original content:https://www.prnewswire.co.uk/news-releases/cgtn-china-showcases-commitment-of-opening-up-via-massive-trade-fair-302297127.html
LONDON, Nov. 6, 2024 /PRNewswire/ — GTN, a global fintech redefining investing and trading for all, is proud to announce that it has secured authorisation from the UK Financial Conduct Authority (FCA). This strategic achievement reinforces GTN’s position as a global fintech leader, enabling the company to offer a broader range of investment services to the European financial services community.
With FCA authorisation, GTN is set to expand its service portfolio to include Tripartite Model B services, addressing the needs of wealth managers, fintechs, and other firms authorised to trade on behalf of their clients but require custody to be supplied by a partner firm.
“We are thrilled to officially launch our European subsidiary and excited to add the UK to our portfolio of regulated entities. The FCA authorisation aligns with GTN’s mission to support the vibrant European financial and fintech ecosystem,” said GTN’s co-founder and Group CEO, Manjula Jayasinghe, “GTN’s regulatory presence in the UK now complements its existing operations in the US, Singapore, and Dubai, further reinforcing its global reach. “
With its global footprint and deep understanding of the fintech landscape, GTN is uniquely poised to meet the growing demand for innovative financial solutions in Europe.
About GTN
GTN is a fintech pioneer with decades of success, holding broker-dealer and capital markets services licenses in multiple jurisdictions through subsidiaries. We are committed to empowering brokers, banks, asset managers, and fintechs with scalable and innovative investment and trading solutions that enable access to a comprehensive network of global markets and multiple asset classes, making investment and trading accessible to all.
GTN brings together a diverse team of over 500 talented individuals spread across Brazil, Hong Kong, Saudi Arabia, Singapore, South Africa, Sri Lanka, the UAE, the UK, and the US, united by a shared passion and purpose: empowering clients and transforming the accessibility to investment and trading opportunities for all.
GTN is backed by strategic investors IFC, a member of the World Bank Group, and SBI Group, one of the largest financial services firms listed on the Tokyo Stock Exchange. To learn more, visit www.gtngroup.com or follow us on LinkedIn.
Logo: https://mma.prnewswire.com/media/1904122/5005459/GTN_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/gtn-bolsters-european-growth-with-fca-authorisation-302296869.html
Fintech PR
Groupe Mutuel integrates Ada Health’s AI-powered care navigation into their member experience across Switzerland to support personalized, streamlined access to care
- Ada Health’s AI health assessment and care navigation technology is integrated into Groupe Mutuel’s app. It helps members better understand their symptoms and care needs and directs them to relevant care options 24/7.
- Ada incorporates users’ Groupe Mutuel insurance plans when making care recommendations, enabling personalized care journeys that include the most appropriate support and services.
- The announcement continues Ada’s strong growth in the insurer and payer segment following the recent renewal of its partnership with French health insurance aggregator Santéclair.
BERLIN and MARTIGNY, Switzerland, Nov. 6, 2024 /PRNewswire/ — Ada Health, the leading global AI health assessment and care navigation platform, and Groupe Mutuel, the comprehensive insurer, have launched a partnership to support quicker and easier access to affordable, effective care for up to 1.4 million Groupe Mutuel members across Switzerland.
Through this partnership, Ada’s clinically validated AI helps Groupe Mutuel offer tailored healthcare experiences for their members. For these members, Ada’s on-demand, trustworthy health assessments support them by navigating them to a wide array of services, 24/7. Facilitating quick, round-the-clock access to clinically appropriate services across Groupe Mutuel’s extensive care and partner network can improve time-to-treatment and potentially reduce unnecessary primary care visits.
Following an assessment, members will receive a recommendation for appropriate care options included in their policy and a referral voucher for reimbursement. Ada assessments are integrated into a member’s Groupe Mutuel single sign-on and are available in Italian, French, German, and English.
Since taking effect, Ada has already demonstrably improved member confidence, with a 59% reduction in members who are unsure of what care they should seek for their concerns. Members are also able to access guidance and services through Ada 24/7, with more than half of members utilizing Ada outside of normal clinical hours.
In addition to supporting members in understanding their health and navigating to care, Ada also helps highlight existing or unknown risk factors, such as high blood pressure and diabetes, informing potential prevention campaigns to improve long-term member well-being.
Nicholas Altebrando, Chief Product Officer at Ada, said: “At Ada, we believe that AI can help care-seekers everywhere access the right care at the right time. Partnering with insurance services enables us to provide tailored care pathways for members, helping us achieve this vision. We’re pleased to be extending our partnership with Groupe Mutuel to navigate its members to the right treatment and provide access to tailored, affordable, and efficient care for individuals across the Swiss healthcare system.”
Nicolas Höfler, Head of Digital Services & Ecosystems at Groupe Mutuel said: “By integrating Ada’s AI, Groupe Mutuel is the first health insurer in Switzerland to take an innovative and forward-looking approach to healthcare. It does not replace a doctor, but offers our members immediate and reliable assistance by orienting them to next steps.
“Offering a high level of diagnostic accuracy, Ada contributes to Groupe Mutuel’s aim of relieving the burden on the healthcare system by avoiding unnecessary visits to the doctor or guiding to more suitable services for their personal needs. Minor cases, which in the past caused overloads, can now be handled more specifically and efficiently – an advantage for members and the entire healthcare system.”
Groupe Mutuel users with questions about their symptoms can conduct a free AI-powered Ada health assessment directly through the Groupe Mutuel app. Based on their responses, Ada then provides users with tailored next steps based on their needs and personal insurance plan.
Ada assessments are available for any Groupe Mutuel member in Switzerland via the Groupe Mutuel app. For more information, visit www.groupemutuel.ch/en/private-customers/our-services/ada.html
About Ada Health
Ada Health is a global health company founded by doctors, scientists, and industry pioneers to create new possibilities for personal health and transform knowledge into better outcomes. Its core system connects medical knowledge with intelligent technology to help tens of millions of people actively manage their health and health systems to deliver more effective care.
Ada Health’s powerful AI-based health assessment platform helps users better understand their mental and physical symptoms through a thorough series of questions based on clinically validated AI and protocols, and based on their responses, navigates them to the most appropriate available services and support. The platform’s medical knowledge covers an industry-leading range of symptoms and conditions, while the platform itself prioritizes user safety and accuracy and is designed to be as inclusive as possible.
The company also works with a range of leading health providers and organizations internationally to help direct users to the right care, support overburdened systems, and help manage diseases with the ultimate aims of improving health outcomes and delivering seamless end-to-end healthcare journeys.
About Groupe Mutuel
With over 2,800 employees across Switzerland, Groupe Mutuel serves more than 1.4 million individual customers and over 29,500 companies. As the only multiline insurer in Switzerland, Groupe Mutuel is the reference partner in the field of health and retirement benefits for private and corporate customers. Its turnover exceeds CHF 5.8 billion.
Thanks to tailored solutions, whether in basic insurance (LAMal/KVG) or supplemental insurance (LCA/VVG), it is the third largest health insurer in Switzerland. Groupe Mutuel also offers an extensive range of products in individual retirement benefits and patrimony insurance.
Based in Martigny, the insurer provides companies of all sizes with solutions for loss of earnings in the event of illness, accident insurance (LAA/UVG) and occupational pension plans (LPP/BVG). In the field of corporate health insurance, Groupe Mutuel is ranked fifth nationwide.
Fintech PR
AMPCO METAL Acquires Schmelzmetall Group to Expand Capabilities and Enhance Customer Offerings
MARLY, Switzerland, Nov. 6, 2024 /PRNewswire/ — AMPCO METAL, a global leader in copper-based alloys, is pleased to announce its acquisition of Switzerland-based Schmelzmetall Group, a renowned producer of high-performance copper alloys. This strategic acquisition strengthens AMPCO METAL’s position in the industry and expands its offerings to better serve customers across aerospace, defense, additive manufacturing, and other advanced applications.
With the integration of Schmelzmetall’s technology and expertise, AMPCO METAL can now deliver an even wider range of innovative solutions. Schmelzmetall is known for its specialized copper alloys, including Beryllium-containing powders and other high-purity materials, which offer unique advantages in demanding applications. Together, the combined companies are positioned to bring customers new capabilities and access to expanded technical resources.
Key Benefits for AMPCO METAL Customers
- Expanded Additive Manufacturing Solutions: Schmelzmetall’s high-performance copper-based metal powders and advanced 3D-printing capabilities enable the production of custom components with exceptional precision. AMPCO METAL now invites customers to explore opportunities in additive manufacturing using these specialized materials.
- Enhanced Offerings for Aerospace and Defense: Schmelzmetall’s vacuum-cast alloys offer superior reliability, with innovations in non-destructive testing that guarantee defect-free materials. These alloys are ideal for aerospace and defense applications requiring high chemical consistency and minimal porosity.
- Advanced Welding and Casting Expertise: The integration brings additional technical know-how in resistance welding, high-pressure aluminum injection, and low-pressure casting, supporting AMPCO METAL’s commitment to offering industry-leading solutions in metal processing.
Seamless Integration for Uninterrupted Service
AMPCO METAL has begun integrating Schmelzmetall’s sales team, with completion anticipated by the end of the year. During this period, customers can expect the same points of contact and continued, uninterrupted service.
A Stronger Commitment to Quality and Innovation
“This acquisition aligns with our mission to deliver top-quality products and services that meet the evolving needs of our customers,” said Martin Lütenegger, Group CEO of AMPCO METAL. “We’re excited to build on Schmelzmetall’s legacy and bring new capabilities to our clients worldwide.”
For more information, please contact your AMPCO METAL representative or visit our website at www.ampcometal.com
Contact:
Jérémie Dalin
Group Head of Marketing
+41264399300
Photo: https://mma.prnewswire.com/media/2549085/AMPCO_METAL.jpg
View original content:https://www.prnewswire.co.uk/news-releases/ampco-metal-acquires-schmelzmetall-group-to-expand-capabilities-and-enhance-customer-offerings-302296613.html
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