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Standard Chartered and Dubai Department of Economy and Tourism sign Cooperation Agreement to promote business opportunities between Hong Kong and Dubai
HONG KONG, Sept. 15, 2023 /PRNewswire/ — Standard Chartered announced the signing of a Cooperation Agreement with Dubai Department of Economy and Tourism to jointly promote business growth and development opportunities between Hong Kong and Dubai.
The Agreement was signed by Mary Huen, Chief Executive Officer, Hong Kong, Standard Chartered, and Hadi Badri, Chief Executive Officer, Dubai Economic Development Corporation, Dubai Department of Economy and Tourism.
According to the Agreement, Standard Chartered Hong Kong and the Dubai Department of Economy and Tourism will deepen cooperation on a range of strategic areas between Hong Kong and Dubai, including:
- promoting the growth of capital market activities, family offices, asset management, fintech and virtual asset industries;
- developing innovative sustainable and green financing solutions;
- developing innovative solutions to support trade and commodity financing for imports, exports and re-exports; and
- promoting incubation and development of start-ups and new technology-based service providers that develop cutting edge technology-based solutions for banking, financial, investment and capital market transactions.
Standard Chartered and the Dubai Department of Economy and Tourism will also set up a joint working group to discuss about how to achieve these objectives.
Rola Abu Manneh, Chief Executive Officer, Standard Chartered, UAE, said: “In this era of global connectivity, our partnership with the Dubai Economic Development Corporation marks a significant milestone for us. We are committed to facilitating seamless banking services to organisations and investors within the UAE-Hong Kong corridor. This Memorandum of Understanding not only fosters trade and liquidity but also underscores our dedication to promoting sustainable finance while leveraging our extensive global network to connect businesses and individuals across both sides of the corridor to opportunities worldwide.”
Hadi Badri, Chief Executive Officer, Dubai Economic Development Corporation, Dubai Department of Economy and Tourism added: “By joining forces with partners like Standard Chartered we aim to create cross-border platforms to accelerate opportunities for trade and innovation exchange across the fastest growing economies in the world. Building on Dubai’s position as a gateway to the wider Middle East, Africa and beyond; the agreement gives companies from across Asia access to a wealth of resources and expertise to reinforce their expansion and growth plans. We look forward to working closely with our partners at Standard Chartered to help their clients and customers set up successful operations in Dubai.”
To share insights on how global businesses can capture the opportunities arising from the increasing connectivity between China and the Middle East, Standard Chartered held a panel discussion at the Belt and Road Summit organised by the Government of the Hong Kong Special Administrative Region and the Hong Kong Trade Development Council (“HKTDC”). Speakers included Hadi Badri, CEO, Dubai Economic Development Corporation, DET, Benjamin Hung, CEO, Asia, Standard Chartered, Dr Patrick Lau, Deputy Executive Director, HKTDC, H.E. Hussain Mohammed Al Mahmoudi, CEO, Sharjah Research Technology & Innovation Park, Rola Abu Manneh, CEO, UAE, Standard Chartered, and Karen Ng, Head, China Opening & RMB Internationalisation, Standard Chartered. Around 200 business and finance leaders joined the event and witnessed the exchange of the Agreement by Mary Huen and Hadi Badri.
Standard Chartered
We are a leading international banking group, with a presence in 53 of the world’s most dynamic markets and serving clients in a further 64. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.
Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.
The history of Standard Chartered in Hong Kong dates back to 1859. It is currently one of the Hong Kong SAR’s three note-issuing banks. Standard Chartered incorporated its Hong Kong business on 1 July 2004, and now operates as a licensed bank in Hong Kong under the name of Standard Chartered Bank (Hong Kong) Limited, a wholly owned subsidiary of Standard Chartered PLC.
For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on Twitter, LinkedIn and Facebook.
Dubai Department of Economy and Tourism
Dubai Department of Economy and Tourism is the principal authority for the planning, supervision, development and marketing of Dubai’s key economic sectors. The department is responsible for the full spectrum of services from economic development, licensing and classification to marketing and promotion of the key economic sectors. Through collaboration and partnership with both public and private sector entities, the department promotes Dubai’s vision and develops strategies to attract tourists, talent and inward investment.
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Championing innovation, impact and business excellence across China
SHANGHAI, Nov. 28, 2024 /PRNewswire/ — After months of rigorous applications and judging, the winners of the 2024 British Business Awards were announced during the Gala Ceremony on 22nd November at the Kerry Hotel Pudong, Shanghai.
Organised by the British Chambers of Commerce across China, the biennial awards celebrate outstanding achievements and highlight the vital contributions of businesses and individuals fostering strong economic ties between the UK and China. Featuring nine categories, the 2024 Awards drew 110 impressive submissions from a wide range of industries. More than 50 outstanding businesses and individuals were shortlisted during the first-round judging. The newly introduced online voting element garnered nearly 1.16 million public views, further amplifying the reach and engagement of this momentum occasion.
Dame Caroline Wilson DCMG, British Ambassador to China, said: “Business is a cornerstone of the UK-China relationship, and the British Business Awards are a testimony to British companies’ significant contribution to China’s development. Their achievements, successes and thriving eco-system also help drive economic growth and innovation in the UK.”
Kirsten Johnston, Chair of the 2024 British Business Awards, shared in her welcome remarks: “The British Business Awards, now in their 16th year, reflect the unwavering commitment of both British and Chinese businesses to driving progress, fostering collaboration, and making a lasting impact on our economies and societies. As we unveil the winners, I would also like to extend a heartfelt thanks to our 38 judges, who collectively contributed nearly 2,000 volunteer hours. Their hard work and expertise were critical to ensuring a rigorous evaluation process.”
2024 British Business Awards Winners：
Innovation Award
– sponsored by The University of Manchester China Centre
Smiths Group
Sustainability Award
– sponsored by the University of Nottingham Ningbo China
Smiths Group
Social Impact Award
– sponsored by ASCEND IT
Reckitt China
Education Partnership Award
– sponsored by The British Council
University of Nottingham Ningbo China
Business Partnership Award
– sponsored by GE5 Education
Wellington College China
Chinese UK Alumnus Award
– sponsored by BritCham Shanghai
Yinpeng Bao
OxSyns Biotech
Inspiring Leadership Award
– sponsored by BritCham Shanghai
Capt. Simon Hibberd
S. B. Submarine Systems Company Limited
Outstanding Contribution to the UK Award
– sponsored by BritCham Shanghai & China Chamber of Commerce in the UK
Agricultural Bank of China London Branch
British Company of the Year Award
– sponsored by Smiths Group
[Large Company]
Jaguar Land Rover (China) Investment Co., Ltd.
[Medium Company]
Silverstream Technologies (Shanghai) Limited
[Small Company]
The Hutong Education
The Gala Ceremony was also graced by Matt Burney CMG, British Consul-General, Shanghai, Sohail Shaikh, British Deputy Trade Commissioner for China, Cat Sinclair-Jones, Director East China, British Council, Peter Burnett OBE, BBS, CEO, China Britain Business Council. They were joined by representatives from British and Chinese governments, businesses, and media organisations, alongside over 330 distinguished guests. The event was chaired by Jasmine Pang, Director of European Affairs at Phoenix TV.
2024 Awards are supported by the Department for Business and Trade (DBT), the British Council, China-Britain Business Council (CBBC), Scottish Development International, Invest Northern Ireland, and the Chinese Chamber of Commerce in the UK. For more information, please visit www.britishbusinessawards.org
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View original content:https://www.prnewswire.co.uk/news-releases/2024-british-business-awards-winners-announced-in-shanghai-302318165.html
BEIJING, Nov. 28, 2024 /PRNewswire/ — A series of achievements was recently made at the Shanghai Jing’an “Global Service Provider Program” (GSPP) Promotion Conference and the 1st China Enterprise Globalization Development Professional Service Summit Forum held in Jing’an District of east China’s Shanghai.
A white paper on global service providers supporting Chinese enterprises to go overseas was released at the event, where the China office of the Globalization and World Cities (GaWC) published a report on the development index of Shanghai’s professional service industry.
The GSPP has so far included a total of 103 enterprises, after 11 companies were awarded as new members at the recent event.
In a bid to further expand the GSPP network, the Global Service Provider Council announced during the event to jointly establish the Go-Global Service Alliance with the Malaysian Chamber of Commerce and Industry in China, Shanghai Automotive Parts Industry Association, Shanghai Producer Services Promotion Association, Shanghai MedValley industrial park and Beijing-based risk warning agency ICOER.
Since the GSPP was initiated in 2019, Jing’an District has attracted a large number of high-level global service organizations.
The district, as a core cluster area of Shanghai’s professional service industry, hosts 39 out of 187 well-known professional service institutions worldwide, covering multiple fields including advertising, law, accounting, human resources and others.
A diversified professional service ecology has been formed in the district, driving a continuous increase in the number of regional headquarters of multinational companies and steady growth in foreign-related economic tax income.
Original link: https://en.imsilkroad.com/p/343321.html
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View original content:https://www.prnewswire.co.uk/news-releases/xinhua-silk-road-multiple-achievements-made-at-promotion-conference-held-in-shanghai-302318153.html
Fintech PR
Xinhua Silk Road: Wuxi Economic Development Zone makes efforts to optimize business environment
BEIJING, Nov. 28, 2024 /PRNewswire/ — Wuxi Economic Development Zone has been continuously optimizing its business environment by introducing favorable policies and improving services in recent years.
Founded in 2019, the zone continues to build a “4+3+X” modern industrial system, featuring four leading industries of advanced manufacturing, integrated circuits, the Internet of Things (IoT), and software and information, three characteristic industries namely headquarters economy, convention and exhibition economy, and high-end trade, and various future-oriented industries such as commercial aerospace, humanoid robots, and artificial intelligence (AI).
Focusing on the modern industrial system, the zone has made efforts in improving a variety of services, such as providing resources and policy support, to deal with the challenges faced by major projects. Therefore, it ensures the smooth launch and early operation of projects by pooling resources across the region, which contributes to a better business environment.
In addition, to foster the growth of emerging industries, the zone has given full play to the role of financing, establishing a number of funds centering around high-end chips, AI, and other sci-tech sectors.
This year, the zone has carried out multiple economic and trade exchange events in Japan, the United States, France and Germany, visited leading enterprises in the fields of AI, robotics, intelligent manufacturing, etc., and promoted in-depth cooperation between the zone and other countries in the field of cutting-edge science and technology.
Wuxi Economic Development Zone has made significant breakthroughs in attracting investment in recent years, introducing major projects such as the State Power Investment Corporation’s energy storage project and Minospace’s satellite manufacturing base.
Original link: https://en.imsilkroad.com/p/343326.html
View original content:https://www.prnewswire.co.uk/news-releases/xinhua-silk-road-wuxi-economic-development-zone-makes-efforts-to-optimize-business-environment-302318139.html
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