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Phoenix Finance receives Most Innovative Fintech E-Wealth Management Platform award at The Wealth APAC forum

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The Wealth APAC forum – IPWM & IFWM China Awards 2019 were hosted in Shanghai by WEALTH Magazine on December 18, 2019. The forum brought together 100 well-known experts from the Asian Pacific wealth management community and executives from top financial institutions in the region who engaged in in-depth research and discussions on the current status and developments of the Asian Pacific wealth management market. At the forum, Phoenix Finance won the Most Innovative Fintech E-Wealth Management Platform award, a recognition under the 2019 Best Financial Technology Innovation Award for its outstanding performance in the field of wealth management.

The winners of the Wealth APAC awards are selected using the strictest criteria during a six-month selection process based on a comprehensive array of metrics, including abilities at innovation in technology, platform services and brand value. The Awards are designed to recognize outstanding wealth management teams and services in the Asia Pacific region, raise the awareness of wealth management in the region and promote the prosperity of the wealth management market.

Phoenix Finance, founded in 2014, is a comprehensive intelligent financial service platform owned by Phoenix TV Groupserving Chinese globally. This is the second time that Phoenix Finance has won an award in the category of wealth management technology services in 2019 following the garnering of the 2019 Annual China Digital Wealth Management Service of the Year in China award from The Asian Banker at the Wealth and Society Summit 2019 which recently concluded. Both awards represent a recognition of Phoenix Finance’s technology competence and intelligent wealth management services among both industry players and users.

Based on an internet-oriented online marketing and service model, Phoenix finance’s wealth management business provides users with personalized and customized services while enhancing the quality of services by combining online smart financial tools with offline professional services.

After five years of development, Phoenix Finance has now built a comprehensive technology network, including a proprietary technology system, a big data platform, and an intelligent system that supports the front, middle and back office operations of financial services. Notably, the company has developed a wide range of world-leading products, including a fully automated transaction and capital depository system developed in-house, intelligent asset allocation tools, an intelligent marketing and user management system, and an intelligent finance information analysis engine, laying a solid foundation for the creation of online wealth management services.

Phoenix Finance has successfully developed a range of internet-based intelligent wealth management services. Citing a few examples, “Phoenix Accurate”, an wealth management tool developed in-house by Phoenix Finance, provides users with personalized, cost-effective reliable and intelligent wealth management services, in addition to multiple advantages in innovation, among them, a wealth diagnosis system, an asset portfolio with lower risks, as well as asset diversification and customization. Phoenix Finance’s smart fund strategy product, Mojing Zhitou, which roughly translates as “Magic Mirror Robo-advisor”, has helped create fully automated trading strategy products with various public funds serving as investment portfolios or funds of funds (FOF) by combining the traditional investment rules in the secondary market with the latest AI and big data technologies. In addition, the company’s intelligent news analysis engine, Fengming Intelligent Information, makes the investment logic easy to understand for users by conducting in-depth analysis and extensive correlation of massive complex financial information through a number of technical means, including big data, text mining, AI and quantitative analysis.

Phoenix Finance has established a full lifecycle value management system based on a longstanding demand for wealth management, in a move to deepen its relationship with consumers, improve its user value management system, pay attention to long-term wealth planning based on user lifecycle, recommend appropriate wealth management solutions based on different user attributes, and meet consumer needs at different stages in their investment lifecycle with a variety of products and solutions.

Leveraging the internet, big data and AI, Phoenix Finance has created a comprehensive online wealth management structure, providing consumers with diversified, professional and customized wealth management services. The garnering of the Most Innovative Fintech E-Wealth Management Platform award at the Wealth APAC forum represents a recognition of Phoenix Finance’s dedication to the financial technology sector over the past five years, providing users with convenient online wealth management services. Phoenix Finance is expected to integrate finance with technology more closely in the firm’s next stage of development, leading wealth management as it embarks on a new journey.

 

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CCTV+: From Silk Road Gateway to Global Innovation Hub: Xi’an Advances Industrial Upgrades and International Cooperation

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XI’AN, China, Nov. 2, 2024 /PRNewswire/ — Xi’an, an ancient capital and starting point of the Silk Road, is growing rapidly into a cosmopolis of technological innovation, industrial transformation and international cooperation. The city is becoming a global hub for innovation and economic cooperation and a destination that converges historical heritage with modern creativity. By leveraging initiatives in New Quality Productivity, the Internet of Things, high-tech industries, culture, and international business services, Xi’an showcases its dynamic blend of past and future.

Industrial Development: Technology and Innovation Drive Emerging Industry Clusters

Aiming to establish itself as an international hub with rapid scientific and technological innovation, Xi’an is now building a comprehensive national science center and a center for science and technology innovation.

The Silk Road Technology City is now home to more than 4,000 companies and has fostered two major industry clusters, in optoelectronics and automobiles, each worth tens of billions. Leading industry giants like BYD and Samsung have established themselves here, taking advantage of Xi’an’s robust policy support for innovation-led growth. LONGi, a world leader in solar technology, is actively building Shaanxi’s 100-billion-grade silicon-based solar PV industry innovation cluster, driving industry-wide growth through R&D and supply chain expansion; while BYD’s comprehensive new energy vehicle industry chain has also positioned Xi’an as a key base for new energy technology and electric vehicles.

Belt and Road Hub: Connecting Development Across Borders

As a central hub along the Belt and Road, Xi’an recently hosted the Belt and Road Forum for International Think Tank Cooperation, fostering collaboration and advancing connected, networked development through the trans-Eurasian transport corridor. With growing trade opportunities, Xi’an is also expanding its reach into international markets, particularly in Central Asia, exporting specialty agricultural products like kiwi fruit.

Through conventions and conferences, Xi’an has demonstrated its significant potential for international economic cooperation, establishing stronger ties in Central Asia and Belt and Road countries.

New Quality Productivity: Smart Technologies and Advanced Manufacturing Fuel Growth

New Quality Productivity is driving Xi’an’s high-quality development leveraging smart technologies and intelligent manufacturing. Local enterprises like SUNNYIT are promoting innovative applications of IoT technologies to tackle industry bottlenecks, Xi’an Chinastar M&C Limited is supporting real-time urban management with products including smart manhole covers and parking monitoring systems to support urban safety and municipal services.

Industrial robots and intelligent manufacturing are also accelerating Xi’an’s industry transformation. Xi’an Aerospace Automation’s 4,000-kilogram robot, designed for warehouse logistics, highlights the city’s advancements in high-load, high-precision applications.

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High-Quality Development: Digital Technology Empowers Xi’an’s Smart City Ambitions

Xi’an is progressing in smart city development, enabling companies to utilize big data and AI for comprehensive traffic analysis, enhancing traffic management efficiency, and establishing a “transportation+” multi-scenario service system to improve travel experiences.

Xi’an looks to cooperate with more companies and research institutions in fields of environmental protection, water-related affairs, education, and urban management with the goal of promoting technological breakthroughs in areas such as intelligent video analysis and large-scale AI models, empowering city management and services through digital technologies and support the development and innovation of companies in the city.

Opening Up to the World: Xi’an Shares Its Story and Strengthens Business Environment

The newly established Xi’an International Communication Center shares Xi’an’s story in multiple languages, promoting Chinese culture and positioning Xi’an as a major platform for cultural exchange. Additionally, a legal service center in Xi’an Chanba International Port now offers comprehensive legal support, fostering a fair and just international business environment.

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KuCoin Shines at The Gateway Event, Advocating for Blockchain Innovation Through TON

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DUBAI, UAE, Nov. 2, 2024 /PRNewswire/ — KuCoin, a global leader in the cryptocurrency exchange arena, is thrilled to announce its active participation at this year’s premier TON community event, The Gateway. The annual conference, renowned for uniting key players in the TON ecosystem, aligns perfectly with KuCoin’s mission to democratize cryptocurrency and expand its reach across the globe.

Representing KuCoin at the event was Alicia, who took part in the insightful panel discussion on “Perspective Sectors on TON for VCs and Exchanges.” Her presence underscored the vibrant potential of the venture capital market within emerging blockchain technologies, particularly the TON ecosystem. Alicia’s discussion highlighted how TON’s seamless integration with Telegram presents unique opportunities for innovation and user engagement, resonating with KuCoin’s strategic initiatives to bridge social connectivity with financial transactions.

“TON’s integration with Telegram not only simplifies the user experience but also amplifies it, making it a gateway for millions to engage with Web3 technologies,” Alicia stated. She emphasized KuCoin’s commitment to leveraging this synergy to enhance secure, user-friendly trading experiences, thus furthering its mission of putting crypto in every pocket.

KuCoin’s participation in The Gateway event reinforces its dedication to fostering a secure, robust, and accessible trading environment, paving the way for a new era of crypto and blockchain integration.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 800 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 36 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/

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UBS Asset Management launches its first tokenised Money Market Fund, available through DigiFT

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SINGAPORE, Nov. 2, 2024 /PRNewswire/ — UBS Asset Management, launches its first tokenized investment fund “uMINT”, made available through authorized distribution partner, DigiFT.

With DigiFT, investors can subscribe to uMINT using their preferred custody wallet solution, gaining access to real-time redemption capabilities via DigiFT’s platform. uMINT, a Money Market investment underpinned by high quality money market instruments based on a conservative, risk-managed framework, is built on Ethereum distributed ledger technology and issued under UBS Tokenize, UBS’s in-house tokenization service, a full service offering for digital asset services, that seeks to open the door to the world of decentralized finance to a broader range of market participants.

“We’re honoured to be an authorized distribution partner for UBS Asset Management in launching their first tokenized money market fund. This is a significant milestone in the world of Web3, and a testament of our ability to transform capital markets. Not only does this partnership bridge traditional finance with digital and decentralized technologies, it also demonstrates our ability to deliver next-generation investment solutions on an open network – for a new generation of global investors,” said Henry Zhang, Founder & Chief Executive Officer of DigiFT.

As part of the partnership, DigiFT will provide infrastructure for managing and monitoring on-chain distribution activities and transactions for the new tokenized money market fund. Enabled by blockchain technology, DigiFT’s best-in-class, open infrastructure ensures all transactions are stored and recorded on an immutable ledger, providing real-time operational and audit visibility. Beyond streamlining administrative processes, DigiFT is able to leverage smart contracts and facilitate automated compliance and operational efficiencies, further allowing investors to invest and explore new financial Web3 use cases.

DigiFT is the first exchange deploying smart contract methods and processes, with an automatic market-making mechanism, to be recognized as a Recognised Market Operator (RMO) and awarded the Capital Markets Services (CMS) license by the Monetary Authority of Singapore.

Disclaimer: This article is not an advertisement making an offer or calling attention to an offer or intended offer

About DigiFT

DigiFT is the first exchange for on-chain real-world assets to be licensed by the Monetary Authority of Singapore. Find out more www.digift.sg

For media enquiries, please contact [email protected]

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