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Capacity-building Alliance of Sustainable Investment (CASI) Launched at COP28

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DUBAI, UAE, Dec. 5, 2023 /PRNewswire/ — Ma Jun, President of the Beijing-based Institute of Finance and Sustainability (IFS) and former Co-Chair of the G20 Sustainable Finance Working Group (SFWG), together with representatives from six other founding members, launched the Capacity-building Alliance of Sustainable Investment (CASI) today at COP28. Representatives from over 20 CASI members and partners joined the launch ceremony held in AIIB Pavilion.

As of now, 42 Chinese and global institutions, including financial firms, financial associations, NGOs, service providers and universities have joined CASI as members.

CASI, initiated by the IFS, is an international cooperation platform aiming to deliver high quality and high impact sustainable finance capacity building services to Emerging Markets and Developing Economies (EMDEs). CASI’s learning programs, including face-to-face training programs and e-learning products, aim to attract an audience of 100,000 people by 2030.

“The demand for sustainable investment is huge in EMDEs, but most of these economies are yet to put in place the key elements of a green financial system. A key barrier to mobilizing sustainable finance in much of the Global South is the lack of ‘green’ capacity with various stakeholders, including governments, financial institutions, service providers and project owners. CASI will serve as a global aggregator and distributor of sustainable finance knowledge for EMDEs,” said Ma.

“Capacity building is a key enabler for wider adoption of the IFRS Sustainability Disclosure Standards, especially in emerging markets and developing economies. The ISSB looks forward to working with CASI, via its network of sustainable finance stakeholders, in delivering capacity building for effective sustainability disclosure,” said Faber Emmanuel, Chairman of the ISSB.

Eddie Yue, Chief Executive of HKMA, said “EMDEs are facing steep pathways to meet their sustainable development goals, requiring substantial investment. The HKMA Infrastructure Financing Facilitation Office looks forward to working with CASI on leveraging Hong Kong as a leading green and sustainable finance hub to help strengthen EMDEs’ capacity and meet their financing needs.”

Zhu Jun, Chairwoman of Silk Road Fund, said “The establishment of CASI is another critical progress in promoting sustainable investment in the global south. As a founding member, Silk Road Fund would like to make contributions in terms of project implementation, technical assistance, professional training, seminar organization and knowledge sharing. Let’s join hands and strive for the common goal of green development.”

Surendra Rosha, Co-Chief Executive of HSBC Asia-Pacific, and Group Executive of the HSBC Group said, “The transition to net zero requires finance to be channeled at scale to where it is needed most. The challenge of Asia’s current financing gap is heightened by a lack of technical capability to access and scale up finance. We are pleased to support CASI to help build local technical skills for organisations to secure sustainable financing in emerging markets across the globe.”

Bill Winters, CEO of Standard Chartered Bank, said “CASI demonstrates the value of constructive partnerships to accelerate sustainable investment. This is particularly relevant given our commitment to emerging markets and long-standing presence across Asia, the Middle East and Africa. Sharing our expertise to unlock capacity and aid capital deployment is critical in accelerating future sustainable investment. We are very proud to be involved.”

“As an asset manager, we are pleased to join CASI as a founding member. We firmly believe that enhancing technical capacity in emerging market and developing economies is a key component to increasing the supply of investment opportunities aligned with global net-zero ambitions,” said George Walker, Chairman and CEO of Neuberger Berman.

Margaret Franklin, President and CEO at CFA Institute, said, “Creating sustainable growth is clearly the greatest challenge of our time. It is crucial to develop strong capacity, both at the institutional and individual levels, and we are deeply honored that CFA Institute is furthering our long-time collaboration with the IFS through CASI. Collectively, we can contribute to ensuring strong and sustainable growth by helping build capacity.”

CASI will develop and consolidate educational content in collaboration with its members, tailor them to be more relevant to developing country contexts and deliver them to a larger audience through its network.

CASI’s learning programs will cover topics including green taxonomies, disclosure, financial products, policy incentives, carbon markets and project origination. Programs will be distributed through a variety of means, including online courses, certificate programs, face-to-face training events, and tailor-made courses.

The target audience of the CASI programs include senior professionals from financial regulators and governments, financial institutions, service providers, as well as corporates that need to originate green and bankable projects.

CASI will begin its operations in 2024, with in-person events planned in Asia, Africa, Middle East, and Latin America.

List of CASI Founding Members as of November 2023

  • Institute of Finance and Sustainability
  • HKMA Infrastructure Financing Facilitation Office
  • Silk Road Fund
  • HSBC
  • Standard Chartered Bank
  • Neuberger Berman
  • CFA Institute 

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Sinotruk leaping forward to become world-class technology enterprise

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JINAN, China, March 2, 2024 /PRNewswire/ — On March 2, SinoTruk’s Science and Technology Innovation Award Annual Conference 2024 was grandly held, to recognize and rewarding major scientific and technological achievements and outstanding innovative talents since 2022, planning and deploying scientific and technological innovation work ahead. Tan Xuguang, Chairman and General Manager of Shandong Heavy Industry Group, Chairman of China National Heavy Duty Truck Group, attended the conference and delivered a report on scientific and technological innovative work – “Steadily stride forward, embracing change in science and technology”.

 

Over the past five years, Sinotruk has invested nearly RMB 15 billion in R&D, which is the sum of the previous 15 years. It has benchmarked against world-class standards and gradually established a full-process independent research and development system. Sinotruk technological strength has reached the forefront of the national industry. Sinotruk has reshaped the “Yellow River” heavy-duty trucks standard with technology, ranking first in China, and its high-tech indicators are leading the industry. The market share of heavy-duty trucks has increased from 16.5% in 2018 to 26% in 2023, ranking first in China for two consecutive years. In 2023, the export volume exceeded 130,000 vehicles for the very first time, a 2.6-fold increase compared to 5 years ago, making it the largest single-brand global export volume in the world.

Tan Xuguang called on all engineers to keep in mind their mission, be down-to-earth, persistent in innovation, and make long-term achievements through dedicated ten years of hard work. Learn from the global cooperation, grow and become talents through project training, and achieve through continuous value creation. Achieve your meaning in life, strive with vitality and passion while you are young. Let’s set off again for a better future for the century heavy truck industry and the world’s best heavy truck industry!

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Flash News: OKX Introduces Exclusive ‘Babylon Pioneer Pass Event’ in Collaboration with Babylon, Offering Free Pioneer Pass NFT Minting for the First 100,000 Users Who Stake on Babylon Testnet

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SINGAPORE, March 2, 2024 /PRNewswire/ — OKX, a leading Web3 technology company, has issued updates for March 2, 2024.

OKX Introduces Exclusive ‘Babylon Pioneer Pass Event’ in Collaboration with Babylon, Offering Free Pioneer Pass NFT Minting for the First 100,000 Users Who Stake on Babylon Testnet

OKX today announced the launch of its ‘Babylon Pioneer Pass Event,’ giving users who access the Babylon Testnet and stake any amount of Signet Bitcoin (sBTC) the opportunity to claim Babylon’s Bitcoin Pioneer Pass NFT. To qualify for a spot, users must access the Babylon Testnet and stake any amount of Signet Bitcoin (sBTC).

The event kicks off on February 28 and continues until March 6. Following the event, starting from March 7, participants who have been whitelisted will have the ability to mint their Bitcoin Pioneer Pass NFT using the OKX Wallet and their whitelisted address.

The process of participating in this event is straightforward and involves the following steps:

  1. Firstly, users will need to prepare by setting up their OKX and Keplr Wallets. These wallets will be crucial for interacting with the Babylon Testnet and the subsequent claiming of sBTC and BBN.
  2. Following the wallet setup, users can then claim the sBTC and BBN on Babylon’s Official Discord. These tokens will be needed for staking in the Babylon Testnet.
  3. Finally, users will need to access Babylon’s official website, where users can actively engage, stake their tokens and claim their whitelist spots.

Participation in the event offers a multitude of benefits. Users can engage actively with the Babylon Testnet, which in turn enhances their understanding of the Babylon protocol and its functionalities. Furthermore, participants contribute to the development and evolution of the Babylon protocol by being active users.

The ‘Babylon Pioneer Pass Event‘ is a result of OKX’s partnership with Babylon, a trustless Bitcoin staking protocol. The Bitcoin Pioneer Pass, Babylon’s first commemorative Non-Fungible Token (NFT), is a highlight of this event, representing a significant milestone for both OKX and Babylon.

For more information, please visit the OKX Support Center.

About OKX

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:

  • OKX Wallet: The world’s most powerful, secure and versatile crypto wallet which gives users access to over 80 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, ‘written down’ seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.
  • DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.
  • NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
  • Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.

To learn more about OKX, download our app or visit: okx.com

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UnionPay International and The Tourism Organisation of Serbia Sign MOU to Enhance Tourist Payments and Promote Serbia as a Premier Destination

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BELGRADE, Serbia, March 1, 2024 /PRNewswire/ — UnionPay International, the leading global card scheme, has entering into a Memorandum of Understanding (MOU) with The Tourism Organisation of Serbia (TOS). This strategic partnership aims to enhancing the payment experience for tourists and to further facilitate tourism growth in Serbia.

The MOU signing ceremony took place at Belgrade on 27th February 2024, marking the beginning of a collaborative effort between UnionPay International and TOS. The agreement outlines various areas of cooperation:

Jointly promoting Serbia as Travel Destination: Through optimised marketing resources, both parties aim to promote Serbia as tourist destination among UnionPay cardholders, with its rich cultural heritage and unique experiences, provide comprehensive tourism information and payment guides for the tourists visiting Serbia. UnionPay International aims to provide more diversified and convenient payment choices, and ensuring seamless payment experiences for travellers visiting the country.

Privileges and Benefits: The partnership will explore opportunities for preferential activities that bring additional benefits to UnionPay cardholders visiting Serbia. This approach aims to boost the attractiveness of the local tourism market and create a win-win situation for both parties.

Ms Bomee Sheng, Product Director of UnionPay International, expressed her enthusiasm about the collaboration, stating, “We are delighted to partner with The Tourism Organisation of Serbia to promote tourism and facilitate payment experiences in Serbia. Through this partnership, we aim to provide UnionPay cardholders with enhanced convenience and benefits, ultimately contributing to the growth of Serbia’s tourism industry.”

Ms Marija Labović, CEO of National Tourism Organisation of Serbia, commented, “This partnership with UnionPay International comes at an important time as we strive to become the most popular all year destination in the region.” She outlines Belgrade’s popularity and the diversity of attractions from city breaks to natural retreats and she is looking forward to the Expo 2027 in the capital, “By leveraging UnionPay’s global network and advanced payment solutions, we are confident that we can attract more visitors to Serbia and provide them with memorable experiences.”

In recent years, Serbia has emerged as one of the most attractive destinations for Chinese visitors. It is hailed as the “heart of the Balkans” and offers a unique blend of captivating landscapes and rich cultural heritage. Its visa-free entry policy, coupled with the exceptional acceptance coverage of UnionPay cards, has played a significant role in attracting Chinese tourists. With over 90% of local merchants and ATMs supporting UnionPay payments and withdrawals, travellers can enjoy seamless payment experiences across various sectors, including retail, dining, hotels, gas stations, toll stations, and tourist attractions.

About The Tourism Organisation of Serbia (TOS)

The Tourism Organisation of Serbia (TOS) was formed under the Law on Tourism of 1994 as the institution in charge of promoting Serbian tourism in domestic and foreign markets, as well as performing other duties relevant for the development of communication and advertising activities in Serbian tourism. The activities of TOS are focused on positioning Serbia’s tourism products in domestic and foreign markets and exploring Serbia’s comparative advantages in terms of tourism, including its geostrategic position and its historical, cultural and natural identity.

About UnionPay International

UnionPay International focuses on the international business of UnionPay, a global payment network that serves the world’s largest cardholder base. Collaborating with over 2,600 partners globally, UnionPay acceptance now reached to 183 countries and regions. Outside the Chinese Mainland, UnionPay is accepted at nearly 67 million merchants and 1.7 million ATMs.

View original content:https://www.prnewswire.co.uk/news-releases/unionpay-international-and-the-tourism-organisation-of-serbia-sign-mou-to-enhance-tourist-payments-and-promote-serbia-as-a-premier-destination-302077241.html

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