Hong Kong – WireUp

LucidLink Panel for Adobe Premiere Pro Launches for General Download at Adobe MAX

October 11, 2023 Published by Roboticulized.com

LucidLink, pioneers in high-performance remote collaboration storage for the world’s largest studios, brands, and creative professionals, announces the general availability of the LucidLink Panel for Adobe Premiere Pro editing software in time for the creativity conference Adobe MAX October 10 – 12 in Los Angeles, CA. The widespread availability of LucidLink’s panel integration within Premiere Pro now enables creative editors to cache just the media needed in their edit directly within the Premiere Pro application, offering them a faster, more efficient, and seamless experience within Adobe Premiere Pro.

Showcased at IBC 2023 in Amsterdam, the LucidLink Panel for Premiere Pro has been beta tested by a number of creative professionals that rely on Adobe Premiere Pro for their creative process.

Magicbox puts Hollywood-caliber movie magic into the palm of the hand with their Superstudio, a semi-trailer designed to literally transform in minutes into a ready-for-action LED studio complete with a fully configured camera motion tracking system, motorized turntable floor, and computer control center. Magicbox also owns Supersweet Motion Picture Productions, which uses LucidLink for their productions in a variety of ways, from pre-vis workflows, working with virtual art departments to collaborate and create virtual environments, as well in production and post production.

Brian Cibula, president of Supersweet Motion Picture Productions, said: “Our business runs on Adobe software, and the integration of the LucidLink Panel into Premiere Pro has been a game-changer for our teams when they are out on the road and unable to transfer creative assets using conventional methods of transfer and download. Our editors have been able to either pin just the clips needed within their sequence in Premiere Pro, or if more precision is needed, cache the clip ranges found within their edit, which has saved countless hours and successfully streamlined their creative flow.”

Casual, a global video content production studio for enterprise-level businesses, has teams creating thousands of projects a year for Fortune 500 clients. Their award-winning content is created by a network of teams around the world in their London, New York, Chicago, Hong Kong, Barcelona and Sydney offices.

Katie Wade, US Head of Post Production at Casual, said, “Editing in Premiere Pro is a seamless process until it comes to working with remote, hybrid, and our global cross-team collaborations. Using the LucidLink Panel for Premiere Pro means we don’t need to pin entire media folders, just the relevant content needed in a specific timeline. With this new integration our machines and our editors can focus on much more manageable media pools, saving time on the overall edit while also spending more time creating.”

Key Features of the LucidLink Integration for Adobe Premiere Pro Include:

Proxy and High-Resolution Workflow Intelligence: Users can customize their cache settings for high-res, proxy, or both, facilitating a seamless offline-to-online editorial workflow without the need for downloading or duplicating extensive camera-original files.
Optimized Performance: A simple, one-touch adjustment optimizes Premiere Pro settings for peak performance.
Real-time Indication: The panel indicates when content is not in a LucidLink Filespace during the pinning or caching process.

For more information on the new workflow enhancement, click here.

Peter Thompson, CEO and co-founder of Lucidlink, said: “We are thrilled creatives have found so much value in our first integration of LucidLink into a creative tool, and delighted to make this product available to the entire Adobe community in time for Adobe MAX. Real-time cloud collaboration is revolutionizing media creation, enabling creatives to focus on crafting captivating content. LucidLink delivers this seamless experience to collaborative teams worldwide today.”

International Experts Share Cybersecurity Tips at Hong Kong Forum

June 28, 2023 Published by Roboticulized.com

The second Asia Pacific (APAC) Domain Name System (DNS) Forum 2023 will be held on 4–5 July 2023 at the Hong Kong Convention and Exhibition Centre in Hong Kong. Approximately 400 people from the Asia Pacific region have registered for the hybrid event, which will take place in Hong Kong for the first time. The forum is co-organized by the Hong Kong Internet Registration Corporation Limited (HKIRC) and the Internet Corporation for Assigned Names and Numbers (ICANN).

The event will bring together experts from different fields, including DNS architects, network engineers, cybersecurity experts, and business leaders. The forum provides a platform for stakeholders from around the world to convene and discuss issues related to the latest Internet developments, such as DNS abuse, big data applications, digital transformation, cybersecurity, and the marketization of Internet infrastructure.

“The DNS is the fundamental ‘glue’ that holds the Internet together. Continued growth of the Internet, as well as emerging technologies and services, all rely on the Internet’s unique Identifier systems, which ICANN helps to keep working through its coordination role. We look forward to sharing more on this with the participants,” said ICANN Senior Vice President and Chief Technology Officer, John Crain.

Expressing his pleasure with working with ICANN, HKIRC Chairman Simon Chan, B.B.S., J.P. said, “We are honored to work with ICANN to host this regional event in Hong Kong. As a leading player in the Internet industry, HKIRC is committed to promoting the development of a secure, stable, and resilient Internet infrastructure in Hong Kong and beyond. This event provides a unique opportunity to bring together industry experts to discuss critical issues facing the Internet today.”

The forum features a range of topics related to the diverse applications of DNS and its significance in shaping the digital landscape, with particular emphasis on the contribution of DNS to digital transformation and the digital economy.

One of the key topics to be discussed at the event is cyber-attacks and DNS abuse. Experts will highlight the importance of implementing comprehensive security measures and DNS management practices to prevent cyber-attacks and DNS abuse, which are two different but related issues that organizations need to be aware of in today’s digital environment. Attendees will gain actionable insights on how to combat these threats and protect their DNS infrastructure.

The forum will also showcase the latest trends and innovations in big data, digital infrastructure, blockchain technology, and artificial intelligence. These developments offer great potential to facilitate the adoption of big data, digital infrastructure, and the digital economy, encouraging users to embrace the digital future. Attendees will be provided with practical strategies for success in these areas.

The growth of the Internet has played a key role in fostering the digital economy, digital infrastructure, and promoting smart cities. As technology continues to advance, the importance of the Internet and digital infrastructure is likely to only continue to grow, providing new opportunities for economic growth and improving the quality of life for people in cities around the world.

Visit the APAC DNS Forum 2023 website for more information. Registration is free and required to attend the event (virtually or in person). The closing date for registration is 2 July 2023.

Global Sources show opens today in Hong Kong

October 12, 2022 Published by Roboticulized.com

The Global Sources Hong Kong Show kicked off today at AsiaWorld-Expo. The four-day event features almost 1,000 exhibitors from Asia, bringing more than 20,000 cutting-edge and high-quality electronics and lifestyle and fashion products. As one of the largest professional sourcing events held in Asia in three years, the physical and virtual shows are expected to attract more than 100,000 buyers from around the world.

The show hosts a wide range of hot products representing major market trends such as consumption upgrades, technology and quality, the pet product market, environmental protection, and sustainable development. By offering a large collection of in-demand electronics and lifestyle products, the show is creating new opportunities for buyers and suppliers to grow their businesses. The Consumer Electronics show focuses on A/V equipment, computer products and peripherals, and general electronics for consumer use; the Mobile Electronics show features mobile devices and accessories, and mobile A/V products; the Smart Home show features smart living products, appliances and security products; the Lifestyle and Fashion show brings together fashion and accessories, outdoor sports and leisure products, personal care products, home products and décor, tableware, kitchenware, and pet products.

Combining physical and virtual shows to maximize sourcing efficiency online and offline

In response to buyers’ sourcing demand. which is rebounding rapidly as the pandemic becomes normalized, the physical event has returned with a new concurrent Virtual Show, powered by cutting-edge digital technologies, to provide overseas buyers who cannot personally attend the show with direct access to the latest products onsite. By visiting different product channels on the Virtual Show website, overseas buyers can watch the live streaming of the show, browse onsite products and have real-time conversations or exchange business cards with exhibitors. From October 11 to November 30, buyers can find the live streaming video clips on the Virtual Show page, accessible from GlobalSources.com and the Global Sources app, and discover quality suppliers in the Popular Exhibitors section. Live streaming footage will also be available on Global Sources’ channels on Facebook and YouTube, to reach a wider range of buyers.

In addition, the show has brought back the acclaimed Show Ambassador Service pioneered by Global Sources last year. Show ambassadors proficient in Mandarin, English and Cantonese have been arranged for suppliers who are unable to attend the show in person to help them showcase their latest products, demonstrate their business strength and convey selling points. The service is designed to help suppliers capture quality sales opportunities and increase their chance to close successful deals onsite.

Featured areas draw buyer crowds

This year’s show introduces a series of special zones. A dedicated area showcasing physical products from Jiangsu exhibitors is one of the major stops for onsite buyers, where they can take a close look at the physical products, find more extensive, in-demand selections on the TV screen, and scan the QR code of the products they are interested in to find suppliers’ profiles and send inquiries.

The Korea and Ningbo pavilions also drew a steady visitor flow as an extensive range of selected designs demonstrated their industry strength and innovation capability.

Attentive show services to facilitate successful deals

The show was well-attended on the first day, exceeding the expectations of many buyers and suppliers. “For our sourcing show this year in Hong Kong, we have fully upgraded our show services to meet the surging sourcing demand worldwide,” said Global Sources CEO Hu Wei. “We are pleased to see buyers’ enthusiasm for visiting and sourcing at our physical show, which is a positive sign that will boost confidence in the trade show industry. It also encourages Global Sources to expand our trade show footprints in key manufacturing and sourcing hubs around the world and facilitate global trade by continuing to offer reliable trade platforms.”

Ping An Co-CEO Sees Greater Bay Area Opportunity for Hong Kong with Three Challenges ahead

December 6, 2021 Published by TheFintechBuzz.com

Hong Kong, as an international financial center, is positioned to play an important role in the building of the Greater Bay Area (GBA), says Jessica Tan, Co-CEO of Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEX: 02318; SSE: 601318).

Ms. Tan, speaking last week at Hong Kong Fintech Week, said realizing full potential of the GBA, integrating Guangdong, Hong Kong and Macao, means overcoming three key challenges: dealing with multiple regulatory jurisdictions, supporting SMEs who drive cross-border trade, and enabling the flow of skills and talent.

“The GBA is a huge and exciting area,” Ms. Tan said. “I really hope we can take advantage of this, particularly Hong Kong as an international financial center.”

Regulatory cooperation needed

Across the three jurisdictions of Guangdong, Hong Kong and Macao, there are multiple government departments, each with their own standards and procedures, Ms. Tan said. Technologies, such as blockchain, can be used to create interoperable standards, enabling data to be shared across different systems for transactions in areas such as supply chain, trade finance and healthcare.

“Hong Kong could actually take the lead because it’s one of the international hubs to create such a platform to consolidate Hong Kong’s own various government data,” she said.

Ping An also has experience in supporting governments: Group associate company OneConnect provided the technology for a platform for small and medium-sized enterprises (SMEs) launched in Guangdong Province to address the issues of “difficult, expensive and slow financing” of SMEs. Companies registered their assets, liabilities and transactions in real time with a wide range of government departments and were able to get easier access to credit from banks and other financial institutions. Now the platform has served over one million SMEs and dispersed over RMB 68 billion of loans.

Providing cross-border trade and financial services for SMEs

More than half of the trade within the GBA comes from small and medium-sized businesses (SMEs), Ms. Tan said. Financial institutions could streamline their processes to offer SMEs better and faster access to credit.

“In reality, a lot of the economic activity is not just done by big multinationals, but SMEs,” she said. “SMEs are not yet equipped with the ability to operate across the region seamlessly. They need help to lower the cost of doing business. This is where financial services can play a part.”

Ping An OneConnect Bank (PAOB) is focused on supporting SMEs. Capitalizing on Ping An Group’s technological prowess, the Bank provides online and smart cross-border financial products and service experiences to mainland China, Hong Kong and Macao investors. Of its customers, 25% have never borrowed from a bank before, and of the 75% who have, 60% of those have never had non-collateralized lending. PAOB is streamlining its lending process with a risk model based on trade and other data, making the application process as short as a few days, down from one to two months. PAOB’s average non-collateralized lending facility is now HKD1.7 million.

Grooming Cross-border Technology Talents

Thirdly, the GBA needs cross-border flow of skills – including individuals and small fintech companies, Ms. Tan said.

Ping An is launching an internship program to give young financial services and technology professionals experience working cross-border. It also has an incubator accelerator for small fintech companies, OneConnect’s Gamma O platform, to give fintech start-ups access to the cutting-edge technologies, such as open application programming interfaces (APIs) applying big data and artificial intelligence, and the opportunity to produce their own innovative solutions for financial institutions using the platform.

For more information, please visit www.group.pingan.com and follow us on LinkedIn – PING AN.

One of Hong Kong’s most illustrious business names establishes a UK based charity, inspired to better the lives of those Hong Kong citizens starting a new life in Britain

September 20, 2021 Published by TheFintechBuzz.com

One of the most distinguished names in Hong Kong, esteemed entrepreneur and philanthropist, Mr William Je, has embarked upon a quest to help many of those 5.4 million eligible Hong Kong citizens seeking to relocate and set up residency in the UK.

Aptly named ‘The Hong Kong People Association’ the initiative is bountifully formed in the name of the people, for the people. As a UK resident, William understands first-hand the apprehensions and barriers in setting up a new life overseas.

William has acquired over 30 years of experience in corporate restructuring; M&A; IPO privatisation; private equity and hedge fund investments across mainland China, Hong Kong, and Taiwan before establishing himself as the founder and CEO of a global fund management company with multi-billion-dollar assets under management. Prior to establishing the fund management business, William was formerly the Chairman of Equity Capital Markets for Macquarie Banking Group where he managed its Greater China capital markets and principal investment activities for over 10 years.

CEO for Hamilton Investment Management Ltd., William says: “The British government estimates that approximately 5.4 million Hong Kong residents will be eligible to apply for a special visa to reside in UK. This is the result of a new system introduced on 31 January 2021, under which Hong Kong British National (Overseas) (“BNO”) citizens and their close family members can apply to live, work and study in the UK for five years. After five years of residency, they will be eligible to apply for permanent residency and a further additional year in the UK will see them eligible to apply for British citizenship.”

“This sounds like a dream to many of my fellow Hongkongers, worried about the future for their families, and at a loss as to how to physically relocate to the UK where they face uncertainty and confusion over everything from employment, education, housing, and healthcare.”

“Hongkongers are undoubtedly some of the most skilled, conscientious and industrious people in the world. For those who choose to leave behind the uncertainty associated with the territory, the UK conserves an unrivalled Rule of Law.”

“As a cosmopolitan hub, the UK’s international reputation can be attributed in essence to its freedoms – freedom of speech; movement; association; assembly and religious beliefs as well as its freedom from arbitrary arrest. The objective of the Hong Kong People Association is to create a large support network of Hongkongers who can share experiences, information and guidance whilst retaining the core values and culture of Hong Kong.”

William has himself left Hong Kong and is now permanently based in London. Having graduated from the University of Wales and Manchester Business School (U.K.) with a Master of Business Administration, William is a fellow member of the Chartered Association of Certified Accountants as well as the Hong Kong Institute of Chartered Accountants.

William’s current enterprise, Hamilton Investment Management Ltd. is a value-oriented investment management firm serving world-renowned institutional investors who invest in a broad spectrum of portfolios including private equity investments in licensed banks and financial institution, Fintech, social media projects and multi-strategy algorithmic trading funds.

William’s experience in finance is comprehensive, having served for several investment banks, including as the Head of Greater China at Credit Agricole Indosuez (“CAI”) and a Board member of CAI’s securities arm Indosuez W.I. Carr Securities; Director and Head of Business Development at Dresdner Kleinwort Wasserstein and as Vice President for NatWest Markets.

Recognised by transnational industry leaders as a prominent investment professional, William has also been awarded an honorary citizenship of Washington, U.S.A. for his contribution to the Sino-US relationship. William was the Chairman of the Hong Kong Youth Association – the largest youth charity association in Hong Kong. He also founded the Youth Innovation and Development Alliance to advocate innovation and career development for young people within that region. Driven to support his fellow citizens to the best of his ability, William’s vast knowledge, experience, resources, and undeniable empathic nature make him a key individual in leading The Hong Kong People Association initiative.

An inaugural event for the association will be held in September 2021 in Ealing, West London, and the charity’s formal launch will be followed closely thereafter in October 2021.

Liquid Group to Power UPI QR Acceptance in 10 Asian Markets

September 14, 2021 Published by TheFintechBuzz.com

NPCI International Payments Ltd (NIPL), the international arm of National Payment Corporation of India, has partnered with Liquid Group Pte. Ltd. (Liquid Group), a leading cross border digital payments provider, to enable UPI QR-based payments acceptance in 10 markets across North Asia and Southeast Asia.

Unified Payments Interface (UPI) is an instant real-time payment (RTP) system, allowing users to transfer money on a real-time basis, across multiple bank accounts without revealing details of one’s bank account to the other party. UPI is amongst the most successful RTP systems globally, providing simplicity, safety, and security in person to person (P2P) and person to merchant (P2M) transactions. In 2020, UPI enabled commerce worth USD 457 billion, which is equivalent to approximately 15% of India’s GDP.

Liquid Group, headquartered in Singapore, operates a QR payment acceptance network that enables the cross-border acceptance of payment schemes and digital payment apps. Liquid Group integrates an extensive network of merchant acquiring partners in the 10 markets of Singapore, Malaysia, Thailand, Philippines, Vietnam, Cambodia, Hong Kong, Taiwan, South Korea, and Japan. By collectively providing harmonised operating rules, streamlined user experience as well as common compliance standards, Liquid Group and its network of merchant acquiring partners are well placed to support the internationalisation of UPI Payments.

The collaboration between NIPL and Liquid Group will enable BHIM App users to make UPI QR-based payments at over 2 million merchants progressively across North Asia and Southeast Asia from early 2022.

Jeremy Tan, Founder and CEO of Liquid Group, commented, “We are excited by this partnership with NIPL. In anticipation of the resumption of cross-border travel soon, we have been working with our merchant acquiring partners to prepare for the acceptance of contactless QR payments from overseas. UPI has made exponential growth in India and we look forward to supporting its rapid expansion across the region.”

Mr. Ritesh Shukla, CEO of NIPL, said, “This strategic partnership with Liquid Group is a formidable step towards achieving our vision of taking our robust and popular payments solutions to global markets. We are confident that our proven product capabilities, combined with the vast merchant network of Liquid Group, will enable UPI QR-based payment acceptance and scale-up in Asian markets.”

OSL Digital Securities Executes First Regulated Virtual Asset Trades in HK, SFC-Licensed Exchange and Brokerage Now Live Trading

March 15, 2021 Published by Roboticulized.com

In a Hong Kong-first, OSL Digital Securities Limited (OSL DS), the world’s only SFC-licensed, listed, Big-Four-audited digital asset platform and member of BC Technology Group (stock code 863 HK), today announced its official go-live with the execution of the first customer trades via it’s licensed trading desk. OSL DS holds a license for Type-1 (dealing in securities) and Type 7 (automated trading service) regulated activities related to virtual assets (digital assets) from the Hong Kong Securities and Futures Commission (SFC).

The OSL platform utilizes a modular interface where institutional and professional investors can buy, sell and securely store digital assets, such as Bitcoin, Ethereum and selected Security Tokens. The ‘go-live’ for trading follows an exhaustive and successful trial-use period completed with the participation of trading partners and investors.

“With today’s trades, we break new ground for financial services in Asia,” said OSL CEO Wayne Trench. “Trading and storing digital assets like Bitcoin can now be securely conducted in Hong Kong with the supervision of a world-leading regulator — a major milestone in the ongoing institutional adoption of digital assets globally.”

OSL customers benefit from a single platform login and central dashboard that allows use of OSL’s market-leading electronic and OTC trading, intelligent Request for Quote (iRFQ) technology and an industry leading institutional-grade Exchange, as well as exclusive access to segregated banking and segregated, insured wallet services. Unique in the market, the OSL Exchange is fully compliant with stringent know-your-customer, anti-money laundering and market surveillance standards.

Designed for institutional and professional investors, the OSL Exchange connects traders to counterparts across markets, delivering unrivalled access to deep pools of liquidity in Bitcoin, Ethereum and other digital assets. In addition to enabling one-click trading via the user-friendly UI, OSL Exchange also supports both FIX and REST API connectivity

OSL Exchange offers a complete market solution with performance, security, liquidity and compliance for professional investors.

OSL’s over-the-counter (OTC) and electronic RFQ/API trading combines access to unparalleled market liquidity with complete privacy and guaranteed price quotes. Each trade is conducted and executed directly with the customer and with no on-exchange price slippage or order book discovery. This ensures instant, seamless, secure transactions with near instant settlement.

OSL’s combination of experienced (and licensed) traders, deep global relationships and advanced technology allow its brokerage to match large institutional blocks across major digital assets.

Trench added, “We are excited about the prospects for further development of the institutional digital asset market in Hong Kong and being a key contributor to this growing ecosystem. In the near term, we are very pleased by the significant appetite we are seeing from clients who recognise the criticality of trading with a safe, reliable and licensed platform.”

Hong Kong Fintech Start-up Sleek Becomes APAC’s First Carbon-Neutral Corporate Service Provider

February 8, 2021 Published by TheFintechBuzz.com

Hong Kong fintech start-up Sleek has become the first provider of carbon-neutral corporate services in the Asia-Pacific region with its new sustainability initiative that tackles carbon emissions.

Hong Kong’s corporate services industry has long been known to be traditional and paper-based. On average, 130,000 businesses are incorporated in Hong Kong every year. From document printing to signing, the resources needed for these services produce over 2,081 tons of CO2 waste – the equivalent of the carbon emission generated by 455 passenger cars driven for one year. As an innovator and disruptor in the industry, Sleek is challenging the norm by leading a “green” and paperless revolution.

Since November 2020, Sleek has been financing mangrove reforestation projects in East Java, Indonesia to compensate for the carbon emissions associated with the company’s services. In coordination with Handprint, a sustainability software startup in Singapore, these conservation projects are set to absorb the company’s monthly carbon footprint. The projects are managed by teams of experienced local conservationists and volunteers in the community, an intentional effort to create a positive impact on both the environment and the local economy. With 2,068 trees planted thus far, the mangroves will grow and absorb over 400 tons of CO2 in the next 20 years.

“As a digital-first company, we believe in using the power of technology to make the lives of our customers easier; however, we have a responsibility to ensure that our present actions have a positive effect on our environment and for future generations to come,” states Co-Founder and CEO, Julien Labruyere. “By 2030, we foresee Sleek to be the first carbon-positive corporate service firm in Asia-Pacific and we hope to see more companies join this green revolution,” he continues.

Sleek believes the excessive wastage and environmental repercussions in the industry can be minimized through digitization. Its cloud-based solution and AI-driven customer platform already make it five times more efficient than traditional providers with significantly less paper wastage. Meanwhile, SleekSign, a self-developed digital signature tool, has been used over 200,000 times since its release in 2020, saving over 16.4 tons of CO2 on paper and ink consumption. With this new initiative, the company is truly becoming the first corporate services provider in the APAC region to be the leader in such sustainability efforts.

In 2021, Sleek will continue to focus on delivering high-quality services to over 3,500 companies in Hong Kong and Singapore, and develop new digital tools to lead and accelerate the sustainability movement in the industry.

UP Fintech Tops 1 Million Customer Accounts

November 25, 2020 Published by TheFintechBuzz.com

UP Fintech Holding Limited (with all of its subsidiaries, referred to as “UP Fintech” or the “Company”, known as Tiger Brokers in Asia) (NASDAQ: TIGR), a leading online brokerage firm focusing on global investors, recently announced that it opened its one millionth customer account. Since launching its flagship APP, Tiger Trade, six years ago, the firm has invested heavily in innovation and now enables clients to trade securities across multiple global markets that span the U.S., China, Southeast Asia, and Europe. UP Fintech also reached the million-account milestone faster than any other online brokerage firm focusing on global Chinese investors, attesting to the value the firm delivers to its clients as well as its reputation in the market as a fintech leader.

Mr. Wu Tianhua, CEO and Director of UP Fintech commented, “Reaching one million client accounts represents an extremely exciting milestone for us and we want to thank our clients for trusting us. We delivered these results by growing from an online broker focused on securities brokerage services to a full-service brokerage firm with investment banking business, ESOP management services and other corporate services. By leveraging our strong technological capabilities and swift product launching ability, we will continue to provide clients efficient, first-rate and differentiated services by constantly expanding our product and enriching its features. In addition, we will continue to invest in growing our client base in new markets like Singapore.

Founded in 2014, the company began by offering online brokerage services and margin financing for U.S. equities in August 2015. By catering its platform to meet the unique needs of global Chinese investors, UP Fintech achieved significant growth, both in client base and total securities trading volume. The company continues to update its platform and now offers one of the most comprehensive ranges of securities among global online brokers; clients may currently trade equities in the U.S., Hong Kong S.A.R, Singapore, Australia, and the U.K., as well as futures, warrants, options, and mutual funds, among others.

Mr. Wu added, “Today, our clients may trade multiple currencies, multiple markets, and multiple classes of securities all in one integrated account on our trading platform thanks to our proprietary infrastructure and technology. Our firm is committed to innovation and we will continue to invest in technology as we are confident it will strengthen our market position in the online brokerage industry.”

In addition, the firm has also expanded into new business lines, namely investment banking and ESOP management, as it seeks to diversify its business and provide more services to corporate clients. The company has already participated in more than 60 Chinese ADRs listings in the U.S. including Li Auto, Kingsoft Cloud, Pinduoduo and XPeng Motors. According to data from the SEC and Bloomberg, UP Fintech led the rankings of underwriters for U.S. IPOs of Chinese ADR issuers among brokerages in the first half of 2020, based on deal count. By further enhancing its underwriting capabilities, the company aims to provide its retail clients more opportunities to subscribe to Chinese ADR IPOs, as well as attract new clients who want to participate in the growth of leading companies.

In parallel, ESOP management also positions the company well to drive additional growth for years to come. ESOP participants may use UP Fintech’s platform to exercise their stock options in the future, allowing the firm to capture a growing group of high-net-worth clients.

Reflecting on the firm’s progress, Mr. Wu concluded, “Looking forward, we will continue to bring our clients innovative products and smarter features. Our commitment to innovation, combined with our global vision will continue to attract new clients across the diverse markets we operate in.”

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other statements, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; trends and competition in global financial markets; the effects of the global COVID-19 pandemic; and governmental policies relating to the Company’s industry and general economic conditions in China and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

SOURCE UP Fintech Holding Limited

Digitising Corporate Governance – Tricor hosts 18th Annual Corporate Governance Seminar

November 13, 2020 Published by TheFintechBuzz.com

Tricor’s 18^th annual corporate governance seminar is held today at the Hong Kong Convention and Exhibition Centre. Supported by the Hong Kong Investor Relations Association and The Chamber of Hong Kong Listed Companies, the half-day event gathered leading industry elites who share on a spectrum of corporate governance related topics, and attracted over 2,000 registrations despite the Covid-19 challenges. With social distancing measures in place, this is the first year it takes a hybrid approach. By deploying Tricor’s own e-meeting solution SPOT, the event welcomes both in-person and virtual participants.

“Digitising Corporate Governance”, the theme of the seminar, summarises the two most important focuses of corporates this year – digitisation and governance.

“This year marks the 20^th anniversary of Tricor and we have hosted our annual corporate governance seminar for 18 years straight since 2003. Tricor has always been taking an active role in promoting a culture of good corporate governance as we strongly believe that it plays an important role in sustaining the business especially during times of uncertainty,” says Joe Wan, CEO of Tricor Hong Kong.

“While the trend of digital transformation is irreversible, by leveraging and incorporating advanced tools into our daily workflow, corporate governance can be taken to a new level with improved efficiency, engagement and transparency. Digital tools can definitely help companies reap the benefits of intelligent systems through accelerated business performance and optimised intra-company.”

The seminar is kicked off with a keynote speech on “Digital Transformation in Hong Kong“, delivered by Dr. David Chung, Under Secretary for Innovation and Technology, Hong Kong’s Innovation and Technology Bureau; followed by another keynote session hosted by Prof. K.C. Chan, Non-Executive Director of Tricor Group, on “Digital Transformation in FinTech”.

Other speakers from both public and private sectors also share the latest market trends and development, their experiences and perspectives on what and how technologies are adopted in corporate governance in particular in the financial field.

Digital Corporate Governance Solutions

Governance at a corporate level refers to the way in which companies are governed and to what purpose. Technology is now increasingly adopted by corporate governance professionals to achieve best practices.

Our Experiential Lounge at the venue showcases some of our digital corporate governance tools launched earlier this year. Attendees have a chance to experience first-hand how our board portal “Boardfolio” makes board meetings easy; how “SPOT”, an e-meeting solution, takes online votes and questions; and how digital administrative tool “e-Rental” streamlines HR operations by automating employees’ rental reimbursement applications and claim processes. As the event’s key visual suggests, these tools connect people with technologies and most importantly, human-technology collaboration can enhance human capabilities under the new normal.

20 Years of Excellence

With 20 years of solid experience, Tricor is the undisputed market leader in integrated business expansion solutions, with global knowledge and local expertise in business management, corporate administration and secretarial services, trust and fiduciary services, as well as human resources consultation. Our strong track record has made us the benchmark for professional services in Hong Kong.

“As the commercial world has reached an inflection point of new technology adoption, we will continue to innovate solutions that help companies navigate the journey from start-up to IPO and beyond. These digital corporate governance solutions are vivid examples of how innovation and technology-driven processes can streamline business operations and hence improve efficiency, accuracy and security,” says Wan.

The event is concluded with a look at the next imperatives of company secretaries in the era of pandemic and digital transformation. The Covid-19 pandemic may have posed changes to the world permanently and it is fast-tracking digital transformation in companies. Those who are able to fully capitalise on technology in their business models will stay ahead of their competition. Tricor, as the leading business expansion specialist in Asia, will continue to leverage on our deep industry experience and expertise and assist our clients in succeeding in the new normal.

Tag: Hong Kong