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Check in for the Official Launch of Hengqin’s 2024 Global Investment Promotion Campaign



ZHUHAI, China, May 1, 2024 /PRNewswire/ — This April, the world once again gathers attention in South China’s Hengqin.

The Guangdong-Macao In-Depth Cooperation Zone in Hengqin (“the Cooperation Zone”) debuted its annual thematic image by advertising in airports of six Chinese cities, namely Beijing, Shanghai, Guangzhou, Shenzhen, Macao and Zhuhai, and in the entry and exit halls of the Hengqin Port and the Hong Kong-Zhuhai-Macau Bridge Zhuhai Port, marking the official launch of the global investment promotion campaign.

This year marks the 75th anniversary of the founding of the People’s Republic of China, the 25th anniversary of Macao’s return to the motherland and the 3rd anniversary of the establishment of the Cooperation Zone. It is also an essential year for evaluating the development achievements of the first phase set forth in the Master Plan of the Development of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin. In this great year celebrating the three anniversaries and the first phase with fruitful achievements, the Cooperation Zone focuses on supporting Macao’s appropriate economic diversification while seizing the development opportunities of the times to vividly showcase the image of the Macao-Hengqin integration at home and abroad and strengthen Hengqin’s global investment promotion, which will further enhance its international influence and visibility and enable more investors to learn about Hengqin.

Macao and Hengqin will take you further to the world

Macao and Hengqin will take you further” is the annual motto of the newly released promotion image designed for Hengqin’s global investment promotion campaign in 2024. The concept of this image originates from the development landscape of the “Hengqin-Macao Integration”. The four-coloured ribbons symbolise the flourishing development of four nascent industries in Hengqin, which aligns with Macao’s “1+4” appropriate diversification development strategy. The global investment promotion campaign vividly presents to domestic and international investors its growth momentum under the “Hengqin-Macao integration”, as well as its economic vitality, driving force for innovation, charm, and investment potential.

This new promotion image was already unveiled at the end of April in the airports of Beijing, Shanghai, Guangzhou, Shenzhen, Macao, and Zhuhai, the entry and exit halls of the Hengqin Port and the Hong Kong-Zhuhai-Macau Bridge Zhuhai Port, which are major integrated transport hubs connecting China and the world and gathering people from both home and abroad. It is presented through multimedia, including light boxes, LED, and scene interaction, so that visitors from all over the world can experience Hengqin’s development and vitality and leave a deep impression on Hengqin.

It is worth mentioning that a thematic display, a check-in area and a creative interaction area are set up for visitors at the exit of the arrival hall of the Zhuhai Jinwan Airport. Visitors arriving there can see the thematic image and a colourful plane installation on the runway in four colours, representing Hengqin as a place that turns dreams into reality. Visitors can take pictures there. In addition, they can go to the creative interaction area and press the button to support Hengqin’s development. The amount of pressing the button to support Hengqin will be constantly updated at the installation on the wall, recording the blessings from all visitors.

Ambassadors for Hengqin introduce Hengqin and help grasp new industrial opportunities

To better present Hengqin’s business-friendly environment that is in line with Macao and the world and attract high-quality enterprises to invest in and develop in the Cooperation Zone, the Cooperation Zone will initiate a video interview series “Ambassadors for Hengqin” this year, inviting experts, scholars, and representatives of entrepreneurs from the sci-tech R&D industry, big health industry, culture, tourism, MICE and modern finance to introduce new opportunities and advantages of the integrated development of Macao and Hengqin to the global audience.

Macao and Hengqin “go overseas” again to expand overseas resources for common development

In 2024, the Cooperation Zone will continue to strengthen cooperation with Macao by jointly organising more overseas promotion events to explore international resources, open up international markets, and promote the business environment of Macao and Hengqin, industrial development, and preferential policies.

All-round and in-depth collaboration to attract the best and the strongest in investment promotion

In 2024, Macao and Hengqin will put forward various measures to attract the best and the strongest in their investment promotion. The 2024 Hengqin Global Investment Promotion Conference will be held from 26 to 27 May, with a primary focus on highlighting the new opportunities brought by tier-specific management enacted by the Cooperation Zone. Over a thousand domestic and global investors will be invited to participate in the Conference and make a site visit to Hengqin. Meanwhile, a series of parallel forums focusing on major industries will be held to display the Cooperation Zone’s key achievements in a precise manner, constructing an open exchange platform for global investors.

The Cooperation Zone will continue its “exhibition plus investment attraction” model. It will set up an exhibition area at the Macao International Trade and Investment Fair (MIF) to present Hengqin’s latest industrial development achievements to reinforce the promotion and dissemination of Hengqin’s city image, so as to enhance its popularity in the international arena, help attract investments and increase effectiveness of the investment promotion results.

By employing the integrated efforts, the Cooperation Zone welcomes global entrepreneurs and investors for visits to and communication with Hengqin. Let Macao and Hengqin take you further, illuminating your path to a brighter future.

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Cboe Europe Derivatives Welcomes Interactive Brokers as New Trading Participant



  • Interactive Brokers joins Cboe Europe Derivatives (“CEDX”) and will provide its clients with access to the exchange’s suite of pan-European equity derivatives in the current quarter
  • The global electronic broker has become a direct trading participant of CEDX and clearing participant of Cboe Clear Europe N.V.
  • CEDX recently expanded its range of equity options and now offers contracts on over 300 European companies

AMSTERDAM and LONDON, May 22, 2024 /PRNewswire/ — Cboe Europe Derivatives (CEDX), Cboe’s pan-European equity derivatives marketplace, today announces that Interactive Brokers has successfully joined the exchange as a participant and will provide its clients with access to CEDX’s range of equity index derivatives and equity options in the current quarter. Interactive Brokers has become a direct trading participant on CEDX and a direct clearing participant for equity derivatives on Cboe Clear Europe N.V., Cboe’s leading pan-European clearing house and CEDX’s clearing provider.

Iouri Saroukhanov, Head of European Derivatives, Cboe Europe, said: “We are thrilled to welcome Interactive Brokers to CEDX, which represents a significant milestone in the exchange’s journey to improve the ability of retail investors to gain access to and benefit from European derivatives, particularly options. Their participation demonstrates the need for more efficient European derivatives markets, which CEDX is helping to create by offering a simpler, lower cost and pan-European approach to trading and clearing to lower barriers to entry for institutional and retail investors. Interactive Brokers has been a strong collaborator to our successful US options markets for many years, and we look forward to strengthening this collaboration with them in Europe to help improve and grow derivatives markets in the region.”

Milan Galik, Chief Executive Officer at Interactive Brokers, said: “We are pleased to introduce access to CEDX, and give our clients an additional way to trade European derivatives alongside our existing global stocks, options, futures, currencies, bonds, funds and more from a single unified platform. With the addition of CEDX’s extensive European equity options and index derivatives, our clients now enjoy enhanced choice and flexibility, enabling them to manage their European investments more effectively.”

CEDX launched in September 2021, initially offering trading in futures and options based on key Cboe Europe single country and pan-European indices, with clearing provided by Cboe Clear Europe. N.V. The exchange has been designed to promote on-screen liquidity and offers a single access point to pan-European equity derivatives products, creating significant operational and capital efficiencies to participants.

CEDX expanded into equity options in November 2023, and broadened its universe of these products during Q1 2024. It now offers more than 300 options on companies from 14 countries (Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Spain, Sweden, Switzerland and the UK). These products amount to more than 90% of current ADV and open interest for the top 600 European equity options, as of April 2024. The complete list of underlying stocks is available here. To align with client readiness to trade these products, CEDX initiated its first Liquidity Provider (LP) Programme for equity options on April 1, which also applies to its index options contracts.

CEDX’s equity options are cleared by Cboe Clear Europe N.V., which permits the use of underlying stocks as collateral to provide offsets against matched equity option positions, delivering a potential initial margin reduction for a covered call position of around 70%, according to estimates by Cboe Clear Europe N.V. Furthermore, stock settlement (on options exercise and assignment) takes place in domestic Central Securities Depositories (CSDs), removing unnecessary costs and allowing for settlement netting with relevant cash equities transactions.

Further information about CEDX’s equity options products is available here.

About Cboe Global Markets, Inc.

Cboe Global Markets (Cboe: CBOE), a leading provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing and investment solutions to market participants around the world. The company is committed to operating a trusted, inclusive global marketplace, providing leading products, technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, FX and digital assets, across North America, Europe and Asia Pacific. To learn more, visit

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Cboe®, Cboe Volatility Index®, VIX® and Cboe Global Markets® are registered trademarks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.

Cautionary Statements Regarding Forward-Looking Information

Certain information contained in this press release may constitute forward-looking statements. We caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date made and are subject to a number of risks and uncertainties.

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UK challenger GB Bank lands £85m investment





GB Bank, a specialist property finance bank based in Middlesbrough, UK, has secured an £85 million investment from new backer Hera Holdings and existing shareholder the Teesside Pension Fund.

Over the next 12 months, Hera Holdings is investing an initial £40 million into the bank, with an additional £40 million earmarked for investment throughout 2025 and 2026.

Meanwhile, the Teesside Pension Fund, which serves as the Local Government Pension Scheme for local authority employees in the Teesside region, is contributing an additional £5 million to the funding round.

Founded in 2017, GB Bank provides financing solutions for commercial and residential property developments in underserved areas of the UK.

The bank, which secured its full banking licence in the summer of 2022, claims to have approved “more than £80 million in loans to support over 100 property projects in locations from Northumberland to the south coast”, while also attracting “over £300 million in deposits from savers” for its fixed-term and instant access accounts.

GB Bank anticipates that the cash injection will drive “extensive growth” for the company, with plans to expand its customer base to include portfolio landlords, expatriates, and foreign nationals.

Specifically, the challenger bank states that the investment will enhance its lending capabilities, allowing it to offer funding of up to £10 million and up to 80% Loan To Value.

Moreover, GB Bank expects that the expansion will boost its capacity for commercial owner-occupier and investment mortgages as well as for its commercial and residential bridging solutions.

The bank projects that the new investment will allow it to increase its lending to £500 million over the next 12 months. As part of this growth, it intends to expand its team and infrastructure, with plans to double its current workforce this year.

Earlier this year, the company appointed industry veteran Mark Sismey-Durrant as its new chair.


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Teal secures $8M seed funding for groundbreaking accounting solution




Teal has announced a significant milestone in its journey to transform SMB accounting with the closure of an $8 million seed funding round.

According to TechFundingNews, the company, which focuses on providing accounting infrastructure for Vertical SaaS businesses, aims to address the critical need for integrated financial solutions within various platforms.

Founded by industry veterans Ian Crosby and Adam Saint, Teal stands out in the FinTech landscape for its unique approach to accounting services. Leveraging their expertise from founding Bench Accounting and working at Shopify, Crosby and Saint have developed a platform that empowers Vertical SaaS businesses to offer customised accounting suites to their SMB customers.

One of the key challenges faced by SMBs is the lack of seamless accounting solutions integrated into their core business platforms. Teal aims to bridge this gap by equipping companies with the necessary APIs and tools to build their own accounting offerings. This enables SMBs to access crucial insights such as real-time cash flow, per-product profitability, and streamlined tax filing processes.

Teal’s comprehensive suite of out-of-the-box tools enables Vertical SaaS companies to launch their accounting platforms swiftly, often in as little as four weeks. These tools include fully functioning app code repositories and seamless data integrations with external sources like Plaid, enhancing the overall user experience for SMBs.

According to Ian Crosby, Co-Founder and CEO of Teal, the company’s vision is to become the “Stripe for accounting,” providing the foundational infrastructure for Vertical SaaS companies to embed accounting features seamlessly. By integrating accounting software directly into their platforms, businesses can enhance customer engagement and drive adoption of financial services features.

The significance of Teal’s innovative approach has not gone unnoticed in the investment landscape. Torch Capital, a leading investor in tools and platforms for SMBs, led the recent $8 million seed funding round. Partner Katie Reiner expressed enthusiasm for Teal’s mission to revolutionize the SMB accounting space, citing the dire need for intuitive and streamlined accounting tools.

In an era where embedded finance is gaining traction, Teal’s commitment to offering tailored accounting solutions signifies a promising step towards empowering SMBs with the financial tools they need to thrive in today’s competitive landscape.


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