Fintech PR
PAAMC HK’s Fund Once Again Awarded ESG Fixed Income Fund of the Year (Asia) by Environmental Finance
HONG KONG, July 3, 2023 /PRNewswire/ — Ping An of China Asset Management (Hong Kong) Company Limited (“PAAMC HK”) the offshore asset management platform of Ping An Group, is delighted to announce that Ping An of China Asset Management Fund – China Green Bond Fund (the “Fund”), has been honored once again with “ESG Fixed Income Fund of the Year (Asia)[1]” at Environmental Finance’s Sustainable Investment Awards 2023.
Launched in 2019, the Fund is one of the few Asia-focused green bond funds that has a track record longer than three years. PAAMC HK has maintained a consistent partnership with Climate Bonds Initiative (“CBI”) since fund inception and has applied their rigorous set of green taxonomy standards – in line with the International Capital Markets Association (ICMA) Green Bond Principles[2] – in the evaluation and selection of green bonds. At least 80% of the Fund is fixed income instruments that CBI has deemed “eligible green”. The remainder are bonds that are being reviewed or have been classified green under other standards.
The Fund also received the same award in 2021, making this year’s win a testament to its continued excellence. It tracks environmental data from issuers at the project level rather than at the company level to better target green projects that will deliver greater impact. According to the judging panel, it was this focus on impact that helped it win the award.
At the fund level, PAAMC HK collects and tracks environmental data meticulously. The results are published in the annual green impact report of the Fund, which has been available since 2021[3].
Mr. Albert Wang, Head of Capital Markets and CIO of PAAMC HK, commented,
“We are honored to receive this award again, which recognizes our unwavering commitment to ESG investing, and our dedication to selecting the best-quality green bonds with both favorable yields and solid fundamentals. Particularly, Chinese green bonds provide the much-desired diversification to global bond portfolios. We believe that investing in green projects is not only good for our planet but also makes good business sense.”
Ping An Group has been a pioneer in ESG investing in China. In 2019, it became the first China asset owner to sign the United Nations Principles for Responsible Investment (UNPRI) and the first financial institution in China to disclose environmental information in accordance with the framework proposed by the Taskforce on Climate-Related Financial Disclosure (TCFD) of the G20 Financial Stability Board (FSB) [4].
The 2023 Sustainable Investment Awards, organized by Environmental Finance, are global and seek to recognize asset managers, analysts and data providers incorporating ESG across all asset classes – fixed income, listed and private equity, debt funds, multi asset funds, infrastructure funds and fund of funds.
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[1] Source: https://www.environmental-finance.com/content/awards/sustainable-investment-awards-2023/winners/fixed-income-fund-of-the-year-asia-ping-ans-china-green-bond-fund.html |
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[2] Source: https://www.icmagroup.org/sustainable-finance/the-principles-guidelines-and-handbooks/green-bond-principles-gbp/  |
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[3] Source: Ping An of China Asset Management Fund- China Green Bond Fund Annual Green Impact Report 2021-2022( https://asset.pingan.com.hk/en/PACAMF-CGBF/Annual-Green-Impact-Report-EN.pdf) |
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[4] Source: Ping An Group 2022 Annual Report (https://group.pingan.com/resource/pingan/IR-Docs/2023/pingan-ar22-report.pdf) |
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Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
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View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
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View original content:https://www.prnewswire.co.uk/news-releases/qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech-wahed-302314778.html
DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
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View original content:https://www.prnewswire.co.uk/news-releases/chinas-aima-brand-electric-motorbike-is-now-in-bangladesh-302314773.html
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