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ACN Newswire press release news - Recent Press Releases
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    BOSTON, Sep 18, 2018 - (ACN Newswire) - Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses resulting from Hurricane Florence's winds and storm surge will range from USD 1.7 billion to USD 4.6 billion. Note that these estimates do not include the impact of the ongoing flooding from Hurricane Florence's unprecedented precipitation. AIR Worldwide is a Verisk (Nasdaq:VRSK) business.

    "Hurricane Florence, once a Category 4 storm, made landfall near Wrightsville Beach, North Carolina, at about 7:15 a.m. on Friday, as a Category 1 storm with 90 mph winds," said Dr. Peter Sousounis, vice president and director or meteorology, AIR Worldwide. "As Florence approached the East Coast, it grew in size and exhibited multiple wind maxima, which are found in storms with abnormally low central pressure for a given maximum wind speed. As a consequence, strong winds extended well north of the landfall location up to the Outer Banks and into Pamlico Sound, which caused a high storm surge in this area."

    Florence's slow movement - it progressed at between 3 and 6 mph on Friday - has ensured that its principal impact will be from the excessive precipitation being deposited over an extremely wide area. A USGS gauge in Emerald Isle, North Carolina, recorded 6.1 feet above normal water levels and a 10-foot surge was reported in New Bern, North Carolina.

    According to preliminary reports from the National Weather Service, 35.93 inches fell in Elizabethtown, North Carolina, breaking the record set by Hurricane Floyd in 1999, and more than 30 inches of rain fell on Swansboro, North Carolina. Many other locations received more than 20 inches. Several bodies of water have risen above record levels and some of the gauges used to record river levels have been submerged, with at least two being reported as having stopped working.

    Reported wind damage in the affected area is consistent with that of a Category 1 hurricane, including downed trees causing damage to homes and automobiles; downed utility poles; and shingle loss with isolated cases of more extensive roof damage.

    The heavy rainfall deposited by Florence has caused widespread riverine and flash flooding in many parts of North Carolina and South Carolina. Some dams and levees in the region are reportedly showing signs of distress; a dam in Hoke County, North Carolina, west of Fayetteville, has failed and the Lake Corriher levee experienced a partial breach.

    Flooding may worsen in many locations across South Carolina, North Carolina, and Virginia as precipitation continues to fall on saturated ground and runoff drains slowly toward the coast.

    AIR's modeled insured loss estimates include:

    - Insured physical damage to property (residential, commercial, industrial, auto), both structures and their contents
    - Additional living expenses (ALE) for residential claims
    - For residential lines, 5% of modeled storm surge damage as wind losses
    - For commercial lines, insured physical damage to structures and contents, and business interruption directly caused by storm surge (other flood losses are not modeled or reflected in estimates; business interruption losses include direct and indirect losses for insured risks that experience physical damage)
    - For the automobile line, estimates reflect AIR's view that insurers will pay 100% of the storm surge damage
    - 2018 indexed take-up rates

    AIR's modeled insured loss estimates do not include:

    - Precipitation-induced flooding
    - Losses paid out by the National Flood Insurance Program
    - Losses resulting from the compromise of existing defenses (e.g., natural and man-made levees)
    - Losses to uninsured properties
    - Losses to infrastructure
    - Losses to inland marine, marine cargo and hull, and pleasure boats
    - Losses from extra-contractual obligations
    - Losses from hazardous waste cleanup, vandalism, or civil commotion, whether directly or indirectly caused by the event
    - Other non-modeled losses, including those resulting from tornadoes spawned by the storm
    - Losses for U.S. offshore assets and non-U.S. property

    About AIR Worldwide

    AIR Worldwide (AIR) provides risk modeling solutions that make individuals, businesses, and society more resilient to extreme events. In 1987, AIR Worldwide founded the catastrophe modeling industry and today models the risk from natural catastrophes, terrorism, pandemics, casualty catastrophes, and cyber incidents. Insurance, reinsurance, financial, corporate, and government clients rely on AIR's advanced science, software, and consulting services for catastrophe risk management, insurance-linked securities, longevity modeling, site-specific engineering analyses, and agricultural risk management. AIR Worldwide, a Verisk (Nasdaq:VRSK) business, is headquartered in Boston, with additional offices in North America, Europe, and Asia. For more information, please visit

    For more information, contact:
    Kevin Long
    AIR Worldwide


    This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
    The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
    Source: AIR Worldwide via Globenewswire

    Copyright 2018 ACN Newswire. All rights reserved.

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    - World's leading automotive Alliance signs a global multiyear agreement to partner with Google to equip Renault, Nissan and Mitsubishi vehicles with intelligent infotainment systems
    - The Alliance will utilize Android, world's most popular operating system, to offer customers a new array of services including Google Maps, the Google Assistant and the Google Play Store
    - These services will be combined with Alliance Intelligent Cloud based remote software upgrades and vehicle diagnostics

    TOKYO, Sep 19, 2018 - (JCN Newswire) - Renault-Nissan-Mitsubishi and Google today announced a technology partnership to embed the Android operating system in vehicles sold by the world's leading automotive alliance, providing intelligent infotainment and customer focused-applications across multiple models and brands, scheduled to start in 2021.

    Under the technology partnership, vehicles sold by the Alliance members in many markets will utilize Android, the world's most popular operating system, and will provide turn-by-turn navigation with Google Maps, access to a rich ecosystem of automotive apps on the Google Play Store and have the ability to answer calls and texts, control media, find information, and manage vehicle functions with voice using the built in Google Assistant.

    The Alliance, whose member companies last year sold 10.6 million vehicles in 200 markets, will integrate Google applications and services into infotainment and cloud-based systems to enhance the experience for customers of Renault, Nissan and Mitsubishi Motors brands. While a range of Alliance vehicles will share the Android platform, each brand will have flexibility to create a unique customer interface and specific features on top of the common Android platform.

    The infotainment partnership forms part of Alliance moves to equip more vehicles with connectivity and cloud-based services as part of its Alliance 2022 mid-term plan. Today's announcement, coinciding with the first anniversary of the mid-term plan, symbolizes the Alliance focus on next-generation technology. Under the plan, Renault-Nissan-Mitsubishi is targeting increased sales of more than 14 million units a year by the end of 2022.

    The plan also involves the launch of 12 new zero-emission electric vehicles, new autonomous-driving technologies and the ongoing rollout of the Alliance Intelligent Cloud.

    The Alliance Intelligent Cloud will provide next-generation infotainment systems with secure connectivity by offering a platform to integrate data management, infotainment systems and to facilitate over-the-air upgrades and remote diagnostics in Alliance member-company vehicles.

    By combining the latest technologies from the Alliance and Google, the Alliance member companies' vehicles will have one of the most intelligent infotainment systems in the market.

    Drivers and passengers will be able to leverage Google and Android's capabilities to access an ecosystem that includes thousands of existing applications and an ever-expanding array of new apps. This integration, combined with the broad knowledge and a vibrant community of developers, will enable easy in-vehicle access to popular applications. The system will also be compatible with devices running other operating systems, such as Apple iOS.

    Hadi Zablit, Senior Vice President of Business Development at Renault-Nissan-Mitsubishi, said, "Our partnership with Google will offer owners of our vehicles rich user experiences that are currently available only outside the vehicle or, to a limited extent, by connecting an Android device to supported vehicles. We are building powerful connected and seamless on-board / off-board experiences into our vehicles in addition to the features of Google applications and services that many users are accustomed to, including Google Maps, the Google Assistant and the Google Play Store."

    Kal Mos, Global Vice President of Alliance Connected Vehicles at Renault-Nissan-Mitsubishi, added, "With the integration of the Android platform into our infotainment systems, we are adding a new level of intelligence to our connected vehicles. In the future, the Google Assistant, which employs Google's leading AI technology, can become the main way customers interact with their vehicles, hands-free. With Google Maps and the Google Assistant embedded in Alliance infotainment systems, our customers will have some of the most advanced AI based applications at their fingertips. And with in-vehicle access to the Google Play Store, our customers will enjoy an open and secure ecosystem of Android apps engineered for vehicles."

    Hiroshi Lockheimer, Senior Vice President of Platforms & Ecosystems at Google, said, "Google and Renault-Nissan-Mitsubishi share a common vision of delivering an intelligent, safe and seamless in-car experience with apps and services that are familiar, upgradable and connected. We're thrilled to partner with Renault-Nissan-Mitsubishi to bring the Google Assistant, Google Maps, and other popular apps via the Play Store and Android to drivers and passengers around the world."

    About Renault-Nissan-Mitsubishi

    Groupe Renault, Nissan Motor and Mitsubishi Motors represent the world's largest automotive alliance. It is the longest-lasting and most productive cross-cultural partnership in the auto industry. Together, the partners sold more than 10.6 million vehicles in nearly 200 countries in 2017. The member companies are focused on collaboration and maximizing synergies to boost competitiveness. They have strategic collaborations with other automotive groups, including Germany's Daimler and China's Dongfeng. This strategic alliance is the industry leader in zero-emission vehicles and is developing the latest advanced technologies, with plans to offer autonomous drive, connectivity features and services on a wide range of affordable vehicles.

    About Mitsubishi Motors

    Mitsubishi Motors Corporation is a global automobile company based in Tokyo, Japan, which has a competitive edge in SUVs and pickup trucks, electric and plug-in hybrid electric vehicles. Since the Mitsubishi group produced its first car more than a century ago, we have demonstrated an ambitious and often disruptive approach, developing new vehicle genres and pioneering cutting-edge technologies. Deeply rooted in Mitsubishi Motors' DNA, our brand strategy will appeal to ambitious drivers, willing to challenge conventional wisdom and ready to embrace change. Consistent with this mindset, Mitsubishi Motors introduced its new brand strategy in 2017, expressed in its "Drive your Ambition" tagline - a combination of personal drive and forward attitude, and a reflection of the constant dialogue between the brand and its customers. Today Mitsubishi Motors is committed to continuous investment in innovative new technologies, attractive design and product development, bringing exciting and authentic new vehicles to customers around the world.

    Mitsubishi Motors Public Relations Department +81-3-6852-4275

    Copyright 2018 JCN Newswire. All rights reserved.

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    Figure 1: Diagram and example use of optical networks connecting datacenters
    Figure 2: Wavelength bands used in transmissions through optical fibers
    Figure 3: Method using transceivers for different wavelength bands simultaneousy
    Figure 4: Proposed new wavelength conversion technology
    Figure 5: Method for expanding band usage through wavelength conversion using this technology
    Enables the use of multiple wavelength bands to support expanded transmission capacity between datacenters

    TOKYO, Sep 19, 2018 - (JCN Newswire) - Fujitsu Laboratories Ltd. has developed an ultra-high capacity wavelength-division multiplexing system that considerably expands the transmission capacity of optical fibers in optical networks connecting datacenters. The new technology achieves this without the deployment of new transceivers dedicated to new wavelength. Previously, in order to expand transmission capacity between datacenters, operators had to either increase the number of optical fibers being used, or they needed receivers supporting each band of wavelengths. Now, Fujitsu Laboratories has developed the world's first broadband wavelength conversion technology that can batch convert C-band(1) optical signals to new wavelength bands, including L-band and S-band, reconverting them back to the original C-band when received. Upon development of a system that converts optical signals in C-band to L- and S-bands before multiplexing and transmitting them utilizing this innovative technology, Fujitsu Laboratories successfully demonstrated in principle that transmission capacity could be tripled. This allows datacenter operators to use existing equipment as-is to raise the efficiency of optical fiber utilization and thereby expand transmission capacity. This promises to eliminate the kind of network bottlenecks that could pose challenges for high-volume users that need to store, back up, or perform parallel analysis on large volumes of data distributed between multiple datacenters. This includes cases that many expect to increase dramatically in the near future, such as transfers of unstructured data including 8K video material and device log information connected through 5G networks.

    Development Background

    In recent years, the use of social networks and streaming video has contributed to exponential increases in the volumes of data handled by datacenters. Moreover, many predict that data circulation will grow dramatically in the future with the spread of 5G communications and 8K video technologies. Though datacenter operators have already connected multiple datacenters with optical networks and use distributed storage for disaster recovery and distributed processing for high-speed processing, they need to expand transmission capacity even further to effectively prepare for the increases in data volume anticipated in the immediate future.
    Figure 1: Diagram and example use of optical networks connecting datacenters


    Expanding transmission capacities between datacenters can be accomplished by increasing the number of optical fibers, however, additional fees would be assessed based on the number of optical fibers used, presenting a significant cost burden for operators. On the other hand, what could also be considered is the simultaneous use of new wavelength bands outside the C-band. Optical networks generally use the C-band for its good transmission performance, but for medium-distance transmissions of several dozen kilometers between datacenters, the impact of transmission loss with the use of other wavelength bands, such as the L-band or the S-band, is seen as quite small, and consideration may also be given to using these wavelength bands. However, this method would necessitate the separate development of transceivers that could support each band.
    Figure 2: Wavelength bands used in transmissions through optical fibers
    Figure 3: Method using transceivers for different wavelength bands simultaneously

    About the Newly Developed Technology

    To address these challenges, Fujitsu Laboratories developed an ultra-large transmission capacity optical wavelength-division multiplexing system (a patent application was filed) that batch converts C-band optical signals output by a transmitter into new wavelengths for transmission, and then converts them back to the original wavelength band before sending them to the receiver. First, the C-band optical signal is combined with two pump lights(2), generating a signal with mixed wavelength. The pump lights change the signal's refractive index of a nonlinear optical medium which the signal passes through and outputs converted signals at a different wavelength. A similar principle is used on the receiver side to return the transmitted optical signal to the C-band. With this newly developed technology, it becomes possible to convert an optical signal to an arbitrary wavelength band efficiently by choosing the wavelengths of two pump lights, based on the chromatic dispersion characteristics of various nonlinear optical media. Additionally, this technology can reduce the noise superimposed on the signal after wavelength conversion by synchronously controlling the pump lights. This means it can simultaneously convert the signal's wavelength efficiently while maximizing the quality of the optical signal.
    Figure 4: Proposed new wavelength conversion technology
    Figure 5: Method for expanding band usage through wavelength conversion using this technology


    Using this technology, Fujitsu Laboratories created a prototype system to convert an optical signal in C-band to L- and S-bands, and then multiplexed them for transmission, successfully confirming in principle that this technology could triple available wavelength without the use of transceivers for each new wavelength band. Using this technology, transmissions using an even greater variety of different bands become possible, allowing for the expansion of transmission capacity from two to 10 times, as needed. In addition to this technology, datacenter operators can immediately make use of new C-band transceivers that will be developed going forward in wavelength bands outside the C-band.

    Future Plans

    Fujitsu Laboratories aims to incorporate this technology into a new lineup of the Fujitsu Network 1FINITY series of optical transmission systems, in fiscal 2019. In addition, Fujitsu Laboratories is considering extending this technology to datacenter operators, contributing to the creation of new business for its customers.

    (1) C-band A wavelength band used for optical transmissions defined by ITU-T, the Telecommunication Standardization Sector of the International Telecommunication Union. The C-band refers to wavelengths of 1,530-1,565 nm, while the L-band covers 1,565-1,625 nm and the S-band covers 1,460-1,530 nm.
    (2) Pump light A light that induce modulation on optical signal through refractive index change in nonlinear optical media.

    About Fujitsu Laboratories

    Founded in 1968 as a wholly owned subsidiary of Fujitsu Limited, Fujitsu Laboratories Ltd. is one of the premier research centers in the world. With a global network of laboratories in Japan, China, the United States and Europe, the organization conducts a wide range of basic and applied research in the areas of Next-generation Services, Computer Servers, Networks, Electronic Devices and Advanced Materials. For more information, please see:

    About Fujitsu Ltd

    Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 140,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.1 trillion yen (US $39 billion) for the fiscal year ended March 31, 2018. For more information, please see

    * Please see this press release:

    Fujitsu Laboratories Ltd. Photonics Research Center Photonics Innovation Project E-mail: Fujitsu Limited Public and Investor Relations Tel: +81-3-3215-5259 URL:

    Copyright 2018 JCN Newswire. All rights reserved.

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    Promoting the application of Fujitsu's Digital Annealer to combinatorial optimization problems to resolve real-world issues in society

    KAWASAKI, Japan, Sep 19, 2018 - (JCN Newswire) - Fujitsu Limited, Fujitsu Laboratories Ltd., and Waseda University today announced that Fujitsu Laboratories and Waseda University have signed a comprehensive collaborative activity agreement for joint research on the Digital Annealer(1), Fujitsu's quantum-inspired computational architecture that is capable of solving combinatorial optimization problems with stunning speed. The organizations have established the Fujitsu Co-Creation Research Laboratory at Waseda University, within Waseda's Green Computing Systems Research Organization, as a joint research organizaiton to promote software development aimed at resolving real world combinatorial optimization problems in society using the Digital Annealer. This organization draws topics from Waseda University's entire body of research, using the Digital Annealer to conduct research in a variety of fields, including finance, digital marketing, and logistics. Ultimately, Fujitsu will incorporate the results of this joint research into its Digital Annealer business to contribute to practical social and economic advancements.


    Throughout contemporary society, in fields like healthcare, finance, logistics, and the public sector, there is complex decision-making traditionally handled by humans, as well as the selection of optimal solutions based on massive amounts of learning input data, and many other enormous real world issues that cannot be solved in a practical timeframe with conventional computing technology. To find solutions to these sorts of problems impacting society, Fujitsu Laboratories leveraged existing digital circuit technology to develop a computational architecture that can solve combinatorial optimization problems with breathtaking speed--the Digital Annealer, which Fujitsu commenced offering as a service in May 2018. For its part, Waseda University has been an active collaborator on research conducted jointly between academia and industry. It has played a leading role on the front lines of quantum annealing research and research into combinatorial optimization problems. In 2011 the university established its Green Computing Systems Research Organization.

    Summary of the Joint Research

    Fujitsu Laboratories and Waseda University have concluded a collaborative activity agreement fusing the two organizations' research regarding software development to be applied to real world combinatorial optimization problems in society. They have now established the Fujitsu Co-Creation Research Laboratory at Waseda University, fostering a shared understanding with regard to subjects such as research, development, and personnel training. Fujitsu and Waseda will move forward on joint research at the new laboratory in April 2019. The joint research at the Fujitsu Co-Creation Research Laboratory will be based on candidate research themes taken from the entire breadth of topics being researched at Waseda, and use the Digital Annealer to conduct joint studies in various applied fields, beginning with finance (predicting stock price changes), digital marketing (data analysis), and logistics (optimizing delivery). In the field of finance, there are applications such as the clustering method of analysis in predicting stock price changes, which takes into account the feature value of numerical and text data in financial statements, used for credit ratings, as well as applications to arbitrage calculations for foreign exchange. In order to perform accurate calculations, however, there are many issues that need to be resolved, such as the need for further improvements in speed and accuracy for both the hardware and software. In the field of digital marketing, there are high expectations for the creation of new data analysis methods to maximize the effect of marketing activities. For example, to make better suggestions based on information about customer activities, it is necessary to solve a combinatorial optimization problem consisting of numerous optimization parameters. Moreover, in order to present the customer with optimized information in real time, the problem has to be solved in just a few seconds. In the field of logistics, the most important issue is reducing logistics costs, and a significant contribution to this goal can be made by rethinking logistics networks and optimizing delivery. Delivery optimization requires solving a combinatorial optimization problem with a variety of constraints, including specified delivery time and number of vehicles. Moreover, it is essential to create an optimal delivery plan as traffic information is also constantly changing. Fujitsu and Waseda University believe that by extending the range of use cases scenarios for the Digital Annealer and developing applied software, it will become possible to solve real issues in these fields. By continuing in their efforts in various fields, starting with the topics introduced above, the partners will ultimately develop Digital Annealer technology and expand its practical application to society. The new collaboration between Fujitsu and Waseda University represents the latest in ongoing efforts to partner with relevant organizations to promote the continued development and application of Digital Annealer technologies. Previously, Fujitsu Laboratories entered into a strategic partnership with the University of Toronto in fiscal 2017, and continues to work closely with a number of companies that are looking to solve combinatorial optimization problems relevant to their businesses. Through these initiatives to build a Digital Annealer community, Fujitsu Laboratories seeks to contribute to the creation of new ICT business as well as social and economic advancements.

    (1) Digital Annealer "Fujitsu Quantum-Inspired Digital Annealer Cloud Service to Rapidly Resolve Combinatorial Optimization Problems" (press release dated May 15, 2018).

    About Fujitsu Laboratories

    Founded in 1968 as a wholly owned subsidiary of Fujitsu Limited, Fujitsu Laboratories Ltd. is one of the premier research centers in the world. With a global network of laboratories in Japan, China, the United States and Europe, the organization conducts a wide range of basic and applied research in the areas of Next-generation Services, Computer Servers, Networks, Electronic Devices and Advanced Materials. For more information, please see:

    About Fujitsu Ltd

    Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 140,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.1 trillion yen (US $39 billion) for the fiscal year ended March 31, 2018. For more information, please see

    * Please see this press release:

    Fujitsu Laboratories Ltd. Technical Contacts Digital Annealer Project E-mail: Fujitsu Limited Public and Investor Relations Tel: +81-3-3215-5259 URL:

    Copyright 2018 JCN Newswire. All rights reserved.

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    Table 1: Summary of the Key Findings of the Survey on "The Performance of ESG Reporting of Hong Kong Listed Companies 2018"
    BDO representatives, Mr. Ricky Cheng, Director and Head of Risk Advisory (left) and Mr. Clement Chan, Managing Director of Assurance (right), present the Survey on the Performance of ESG Reporting of Hong Kong Listed Companies.
    Hong Kong listed companies should make a greater effort in ESG reporting to stay competitive in global markets

    HONG KONG, Sep 19, 2018 - (ACN Newswire) - While it is expected that listed companies should have a better understanding on the reporting requirements and capability to achieve better performances in the environmental, social and governance ("ESG") reporting in the second year of its survey of ESG reporting in Hong Kong, the results of this year's survey is still far from satisfactory with rooms for improvement. The newly-released study conducted by the BDO in Hong Kong, the world's fifth largest accountancy network, reveals that performances in some areas have experienced no significant improvement and have even declined. In particular, the level of ESG disclosure and the top level commitment in ESG governance were disappointing.

    BDO maintains its position at the forefront of the advocacy of excellence in ESG reporting. It was the first in the market to publish a survey report on ESG reporting standards of Hong Kong listed companies last year, and has continued its effort this year to mark improvements, reveal weaknesses and provide professional recommendations to market players. This year, the BDO Survey on "The Performance of ESG Reporting of Hong Kong Listed Companies" ("the Survey") random sampled 400 of the most-recent ESG reports published by both Main Board and GEM-listed companies on or before 31 May 2018. The ESG reports were evaluated based on eight core subjects, namely, assurance, transparency, materiality, governance, energy / resource use management, supply chain management, customer support and anti-corruption.

    Of the 400 companies surveyed:
    - 8% were constituents of the Hang Seng Index, Hang Seng China Enterprises Index and/or the Hang Seng Corporate Sustainability Index, and 92% were non-index stocks.
    - The Utilities sector led with the highest score (same as 2017), whereas the Materials and Information Technology sectors scored the lowest (same as 2017).
    - In terms of data disclosure, the Energy, Industrial and Utilities sectors were leaders (Energy, Financial and Utilities in 2017) and the Conglomerates, Materials and Telecommunications sectors lagged (Consumer Goods and Information Technology in 2017).

    Below (Table 1) is a summary of the key findings of the 2018 Survey compared to the 2017 Survey:

    Little improvement in ESG disclosure
    According to the Survey, 78% of the sampled companies have disclosed KPI A and KPI B data. The difference is not significant when compared with the 71% in 2017. Although the percentage of full disclosure of KPI A and KPI B more than doubled, increasing from 5% to 11% in this year's Survey, the figure remains low. The level of KPI B disclosure also remains unchanged at 64%.

    Limited ESG governance effort
    The Survey also reveals a low participation rate from the director level of 26% and only a relatively small portion of companies of 36% disclosed methodology and results on the identification of material issues, suggesting companies may be adopting a "tick-box" approach without proper identification and analysis of risks.

    Low level of assurance and adoption of global standards
    Little progress is shown in terms of raising credibility of ESG report by seeking third-party assurance, as only 4% of the ESG reports are verified and assured by third parties in 2018, representing a 3% decrease compared with the Survey in 2017. Companies referencing or adopting international standards in reporting also remains low at just 10%.

    Lack of clarifications of ESG goals, challenges and setbacks
    The Survey found that there is limited disclosure of ESG goals, challenges and setbacks, indicating a lack of long-term planning and strategy in ESG works. Just 17% of companies surveyed have reported ESG goals and among them only 8% have disclosed quantitative environmental targets, a 7% drop from 15% in 2017. Only 14% of the companies reviewed and reported last year's performance targets and results, and discussed achievements against ESG goals. Only 1% of the companies discussed difficulties encountered in the implementing of ESG practices. Although some 32% of the companies mentioned their ESG strategy has shown improvement, up from last year's 14%, the overall performance in this area is still far behind international standards.

    BDO recommendations:
    Although ESG reporting has cost implications, and small and medium enterprises ("SMEs") understandably may not have resources comparable to established blue chips to invest in ESG reporting, the benefits of good ESG reporting, including better management of risks, improved reputation, better access to capital, cost savings, talent retention, etc, are applicable to all companies and should not be neglected regardless of the company size.

    There are effective ways that even SMEs with fewer resources and less experience in ESG reporting can enhance their ESG report to their benefits:

    - Set appropriate ESG goals and targets to drive performance towards an ultimate vision
    - Review current ESG management policies and strategies to better position the business to realise the ESG goals and targets
    - Increase director/senior level involvement, building a comprehensive and effective ESG governance framework
    - Identify and engage key stakeholders, conduct proper identification and analysis of ESG risks and opportunities, and conduct a more thorough materiality assessment

    On the other hand, with the growing appetite of investment funds in socially responsible investments, the companies which are better prepared to address ESG issues will be in a better position to be selected. Investors nowadays are not just looking for monetary returns but also on how well a firm is able to meet its ESG objectives and create corresponding, measurable values. Thus, a clearer and more interactive communication of ESG goals, initiatives and changes are more likely to inspire confidence in stakeholders and attract investors, paving way for more business and investment opportunities, particularly in green investment. BDO therefore recommends that companies with ample resources should strive to enhance their reports by embracing the international trend towards "impact reporting".

    Blue chips to leap from 'ESG reporting' to 'Impact reporting'
    "Impact reporting" is a way of reporting for companies or organisations to convey the positive impact and achievements and to describe details of the actions taken to initiate changes, and the measurement of changes and achievements so that stakeholders or the public can better understand the progress made. Impact reporting is a clear reflection on how the companies have managed their assets and funds presenting clear results and track records. When the impact is properly disclosed, investors would envisage the investment opportunities and advantages of those companies. Internationally, impact reporting has been increasingly important, and adopting this style of reporting in ESG reporting could more effectively inspire stakeholders to support a company's ESG initiatives and investments.

    How to exercise impact reporting?
    - Formulate the firm's key vision: Through developing the vision for the firm which reinforces the core value of the business and is attractive to stakeholders, the company can differentiate itself from its peers by clearly articulating its long-term goal and direction towards contributing to the community and the business environment.
    - Communicate ESG achievements in more interactive and informative ways: With an aim to inspire stakeholders to buy into the firm's vision or even attract new investments, impact reporting is considered a more interactive type of reporting where more specific answers are provided to stakeholders compared to the typical ESG report format.
    - Increase effectiveness and credibility of the ESG report by identifying compliance gaps, adopting international reporting standards and obtaining independent assessment: The benefits are obvious as it would enhance the quality, credibility and accountability of the reports when the above approaches can be realised.
    - Develop suitable green finance strategies to capture the wave of climate-linked opportunities: It is necessary for companies to demonstrate the achievements and differences made in conservation and environmental protection, as well as how the company both controls risks and plans to focus efforts going forward to seize the expanding opportunities in green finance.

    Ricky Cheng, Director and Head of Risk Advisory of BDO, said, "As investors increasingly examine a company based on a wider spectrum of performance details, ESG performance has become an essential concern in investment decisions. Companies with better ESG reporting would probably be seen as having better management and internal control in ESG issues and would definitely have an advantage over peers in the market. We are disappointed to see that the second-year of mandatory ESG reporting performance has shown only limited overall improvement, despite the rising popularity of responsible social investment attracting further attention to ESG reports. To capitalise on the wave of green investment/financing as well as to uphold Hong Kong's reputation as an international financial hub, we believe that companies can pave the way for better business and investment opportunities by enhancing their ESG reports through following more global reporting practices. For companies with more established ESG reporting mechanism in place, they should take a step further to embrace the internationally trending concept of impact reporting with clearer and more interactive communication of ESG goals, initiatives and changes. We hope our suggestions can provide more specific guidelines and directions for companies to improve their ESG reporting, with the ultimate aim to boost their investment value and inspire investor confidence".

    About BDO
    BDO's global organisation extends across 162 countries and territories, with close to 74,000 professionals working out of approximately 1,500 offices - and they're all working towards one goal: to provide our clients with exceptional service. BDO was established in Hong Kong in 1981 and is committed to facilitating the growth of businesses by advising the people behind them. BDO in Hong Kong provides an extensive range of professional services including assurance services, business services and outsourcing, risk advisory services, specialist advisory services and tax services. For more details, visit

    About the BDO ESG Awards
    BDO held the inaugural BDO ESG Awards in Hong Kong in 2018.The BDO ESG Awards recognise outstanding listed companies in Hong Kong who have made a positive impact in the areas of Environment, Social and Governance (ESG) - particularly those who implement outstanding sustainability initiatives. The Awards aim to encourage companies to be more aware of their social responsibility to incorporate sustainability into their business model. The second BDO ESG Awards will be held in February 2019. For details, please visit:

    BDO Hong Kong
    Sala Lo
    Senior Marketing Manager, BDO
    Hong Kong
    Tel +852 2218 3042
    Mobile +852 9613 5175

    Heidi Lau
    Marketing Manager, BDO
    Hong Kong
    Tel +852 2218 2325
    Mobile +852 9285 4151

    Strategic Financial Relations Limited
    Vicky Lee
    Tel +852 2864 4834

    Denise Siu
    Tel +852 2114 4913

    Copyright 2018 ACN Newswire. All rights reserved.

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    Figure 1: Configuration of the field trial system
    Figure 2: Performance improvement impact from the memory expansion technology of software controlled SSDs
    Figure 3: Comparison of conventional cache systems with cache systems optimized to use software-controlled SSDs
    Field trial conducted at India-based Sify's Data Center

    KAWASAKI, Japan, Sep 19, 2018 - (JCN Newswire) - Fujitsu Laboratories Ltd. and Fujitsu Limited today announced that they had conducted a field trial of a memory expansion technology(1) in India-based Sify Technologies Limited's(2) datacenter. Results showed that by applying this technology to a server, they succeeded in achieving system performance equivalent to that of 10 servers. As a result, when compared to overall systems that include technical servers, the system performance could be improved up to 3.6 times. With this technology, Fujitsu has verified that it can further improve the processing of in-memory systems that provide high speed responsive performance by processing data in the server's memory, and will move forward to applying this technology to products.


    In recent years, the volume of data handled by companies has grown dramatically, increasing the demand to process huge volumes of data at high speeds. In-memory systems, which store data in the memory (DRAM) are limited by the physical memory capacity that can be installed on each server. Therefore, performance can be stifled when processing large volumes of data, as not all of the data can be loaded into the memory. In light of this issue, Fujitsu Laboratories and Fujitsu in November 2015 developed a memory expansion technology of software controlled SSDs that can use the flash memory to virtually expand memory capacity. The field trial to validate this technology was conducted at a datacenter owned by Sify, which has had a strategic partnership with Fujitsu since 2015.

    Details of the Field Trial

    1. Trial Period

    August 2017 - June 2018

    2. Details

    Fujitsu conducted the field trial on a cache server upon which was placed high demand for in-memory processing, as part of a web server system supporting, the retail public-facing portal site of Sify. A particular emphasis was on response, so that content distribution could take place smoothly. In the trial, memory expansion technology was applied to one of 10 cache servers (consisting of Fujitsu Server PRIMERGY x86 servers) that handle 3 TB of data. This field trial used actual data and accessed patterns used on (Figure 1) to compare only the performance of the web server system and of the cache servers when the cache server's memory consisted of DRAM (256 GB), and when software controlled SSD flash memory (2.5 TB) was expanded with software controlled SSDs as an in-memory system.
    Figure 1: Configuration of the field trial system

    3. Effects

    Fujitsu and Fujitsu Laboratories confirmed that by applying the technology of software controlled SSDs, without physically increasing the DRAM installed in the cache server by using the flash memory as a virtual memory, memory capacity can be increased by a factor of 10 without degrading performance. This increased the processing capacity of the system, achieving the performance of a 10 web server system with one server (Figure 2).
    Figure 2: Performance improvement impact from the memory expansion technology of software controlled SSDs

    4. Applied Technologies

    I. Software-controlled SSD memory expansion technology of software controlled SSDs (announced November 2015)

    This trial uses a controller which turns the SSD into a black box when equipped as hardware. By applying a controller function with software, it was possible to directly access the flash memory within the SSD, eliciting higher performance from the flash memory. II. A cache system optimized to software controlled SSDs (thesis published in March 2017)

    This trial used a memory control system consisting of two types of memory space: high speed,
    low capacity memory (DRAM), and low speed, high capacity memory (software-controlled SSDs), which assigned frequently accessed data to high speed memory and less frequently accessed data to low speed memory. The memory control system created a cache system that delivered both high performance and high capacity by separating out frequently accessed data and allocating it to DRAM, while everything else was allocated to the memory space of software controlled SSDs (Figure 3).
    Figure 3: Comparison of conventional cache systems with cache systems optimized to use software-controlled SSDs

    Future Plans

    Fujitsu Laboratories and Fujitsu expect this technology to speed up the system as a whole, as it enables systems that demand a great deal of in-memory processing, to put all of the data to be processed into high-capacity virtual memory. The companies will continue to verify the accuracy of this technology, moving toward future commercialization.


    Jitender D, General Manager Cloud & Engineering Services, Sify:
    Sify portals use clusters of servers for delivering a diverse collection of media files like images and videos in its entertainment section. With the exponential increase in data volume and velocity, more cluster capacity expansion was the primary need. The capacity should also complement the performance for higher throughput. Fujitsu's Memory expansion technology has been evaluated by Sify for caching and retrieving these media files. In the evaluation cycle, it provided 10x capacity and the performance also got scaled to 3x compared to DRAM systems. This will result in overall CapEx saving for future expansion.

    (1) Memory expansion technology "Fujitsu Develops Optimized Software-Controlled Solid-State Drive for Big Data Processing".
    (2) Sify Technologies Limited Sify is the largest ICT service provider, systems integrator, and all-in-one network solutions company on the Indian subcontinent. We have also expanded to the United States, with headquarters in the heart of California's Silicon Valley. Over 8,500 businesses have become Sify customers. We also partner with other major network operators to deliver global network solutions. Our customers can access Sify services via India's largest MPLS network. Among the very few Enterprise class players in India, Sify, today has presence in more than 1,600 cities in India and in North America, the United Kingdom and Singapore. The company operates (, one of the few portal sites in India with over 1.18 million page views per day. Sify,, Sify Technologies and are registered trademarks of Sify Technologies Limited.

    About Fujitsu Laboratories

    Founded in 1968 as a wholly owned subsidiary of Fujitsu Limited, Fujitsu Laboratories Ltd. is one of the premier research centers in the world. With a global network of laboratories in Japan, China, the United States and Europe, the organization conducts a wide range of basic and applied research in the areas of Next-generation Services, Computer Servers, Networks, Electronic Devices and Advanced Materials. For more information, please see:

    About Fujitsu Ltd

    Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 140,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.1 trillion yen (US $39 billion) for the fiscal year ended March 31, 2018. For more information, please see

    * Please see this press release:

    Fujitsu Laboratories Ltd. Computer Systems Laboratory E-mail: Fujitsu Limited Public and Investor Relations Tel: +81-3-3215-5259 URL:

    Copyright 2018 JCN Newswire. All rights reserved.

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    TAIPEI, TAIWAN, Sep 19, 2018 - (ACN Newswire) - The 4th DATE Expo is being organized by the Taiwan External Trade Development Council (TAITRA) and co-organized by the Taiwan Internet and E-Commerce Association, Chinese Non-Store Retailer Association, Taiwan Association of Logistics Management, and Taiwan E-Commerce and Startup Association. The DATE EXPO will be held alongside the Taiwan Innotech Expo (formerly called the Taipei International Invention Show), taking place at the Taipei World Trade Center Exhibition Hall 1, September 27-29.

    Over 60 of the industry's top e-commerce companies are participating in the trade exhibition this year. The exhibition will cover eight e-commerce themes, including Smart Retail, Cross Border & E-Tailing, Social Media & Digital Marketing, Mobile Commerce, Logistics, FinTech, Big Data, and Startups, and offers a stage to demonstrate online to offline integration, and comprehensive technology services. Furthermore, this year's number of startups has more than doubled from 18 to 41, boosting the exhibition's scope and driving its innovative energy.

    TAITRA has indicated that e-commerce global retail revenues are said to increase from US$2.29 trillion in 2017 to US$4.479 trillion in 2021. This rapid growth in e-commerce represents a new source of growth momentum in the retail market and as a result, the exhibition will showcase more new e-commerce technologies and services. Based on early buyer registration data, most buyers are from China, India, United States, the Philippines, and Hong Kong, portraying high international visitor interest in Taiwan and its surrounding Asia-Pacific e-commerce markets, and their intention to engage in exchange and cooperation with Taiwan's e-commerce companies.

    The exhibition will offer a wide variety of activities including the eCommerce Salon, eCommerce Seminar, Startups Seminar, and Procurement Meetings. Top e-commerce platforms and experts from Vietnam, Malaysia, Thailand, and China were invited by the respective TAITRA overseas offices to participate in the eCommerce Salon and share characteristics and insights from their local e-commerce markets. The eCommerce Seminar and Startup Seminar will consist of 15-minute presentations of products or services, while procurement meetings will be held in parallel with major e-commerce platforms, importers, and distributors from Southeast Asian countries as well as China. Companies include the Caring Pharmacy Group, a major Malaysian pharmacy chain; and VIPshop, a Chinese luxury goods e-commerce platform. These seminars aim to help exhibitors find business partners. The exhibition will also work together with LiveHouse for customized broadcasts of online presentations by major companies. The event's live broadcasts and activities will create an online to offline exchange platform for the e-commerce industry.

    Sign up online in advance to experience the latest products, technologies, and services offered by Taiwan's e-commerce platforms, and get in on the chance to win a round-trip ticket to anywhere in Asia. For more information about DATE EXPO, please visit

    About TAITRA
    Founded in 1970 to help promote foreign trade, the Taiwan External Trade Development Council (TAITRA) is the foremost non-profit trade promotion organization in Taiwan. Jointly sponsored by the government, industry associations, and several commercial organizations, TAITRA assists Taiwan businesses and manufacturers with reinforcing their international competitiveness and in coping with the challenges they face in foreign markets.

    Contact: Jessica Cheng

    Copyright 2018 ACN Newswire. All rights reserved.

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    Figure 1: Hypothesis listing and knowledge chunk extraction
    Figure 2: When making a classification model, the knowledge chunks impact adjustment
    TOKYO, Sep 19, 2018 - (JCN Newswire) - Fujitsu Laboratories Ltd. today announced the development of "Wide Learning," a machine learning technology capable of accurate judgements even when operators cannot obtain the volume of data necessary for training. AI is now often used to leverage data in a variety of fields, but the accuracy of AI may be impacted in cases where the volume of data to be analyzed is small or imbalanced. Fujitsu's Wide Learning technology enables judgements to be reached more accurately than was previously possible, and learning is achieved uniformly, no matter which hypothesis is examined, even when the data is imbalanced. It achieves this by first extracting hypotheses with a high degree of importance, having made a large set of hypotheses formed by all of the combinations of data items, and then by controlling for the degree of impact of each respective hypothesis based on the overlapping relationships of the hypotheses. Moreover, because the hypotheses are recorded as logical expressions, humans can also understand the reasoning behind a judgement. Fujitsu's new Wide Learning technology allows for the use of AI even in areas such as healthcare and marketing, where the data needed to make judgements is scarce, supporting operations and promoting the automation of work processes using AI.

    Development Background

    In recent years, AI technology has begun to be used in a variety of fields, including healthcare, marketing, and finance. Expectations are rising for the use of AI decision-making in support of operations and automating tasks in these areas. One challenge that remains to realizing the potential of these technologies, however, is that the data may be imbalanced. Specifically, depending on the industry it can be difficult to obtain sufficient data for training AI on the targets on which it is to make judgements. This, in effect, leaves many of these technologies unable to produce results with sufficient accuracy for practical use. Furthermore, a major reason why AI deployment lacks progress is that even when an AI provides sufficiently accurate recognition or classification performance, experts and even the developers themselves often cannot explain why the AI produced a certain answer, and if they cannot fulfill their responsibility to explain the results to the front lines of industry then AI cannot be deployed.


    AI technologies based on deep learning conventionally make highly accurate judgements by being trained on large volumes of data, including ample target data to be judged. In real world scenarios, however, there are many cases in which the data is insufficient, with extremely little target data. In these cases, when faced with unknown data, it becomes difficult for AI technology to deliver highly accurate judgements. Moreover, the machine learning model for existing AI based on deep learning is a black box model that cannot explain the reasons behind the judgements the AI makes, creating a problem with transparency. As such, moving forward it will be necessary to develop new AI technology that realizes highly accurate judgements from imbalanced data, and that is also transparent in order to solve various issues in society.

    About the Newly Developed Technology

    Bearing these challenges in mind, Fujitsu Laboratories has now developed Wide Learning, a machine learning technology capable of making highly accurate judgements even in cases where the data is imbalanced. The features of Wide Learning technology include the following two points.

    1. Creates combinations of data items to extract large volumes of hypotheses

    This technology treats all combination patterns of data items as hypotheses, and then determines the degree of importance of each hypothesis based on the hit rate for the label category. For example, when analyzing trends in who purchases certain products, the system combines all sorts of patterns from the data items for those who did or did not make purchases (the category label), such as single women between 20-34 who have driver licenses, and then analyzes how many hits it gets in the data of those who actually made purchases when these combination patterns are taken as hypotheses. The hypotheses that achieve a hit rate above a certain level are defined as important hypotheses, called "knowledge chunks". This means that even when target data is insufficient, the system can extract all hypotheses worth looking into, which may also contribute to the discovery of previously unconsidered explanations.
    Figure 1: Hypothesis listing and knowledge chunk extraction

    2. Adjusts the degree of impact of knowledge chunks to build an accurate classification model

    The system builds a classification model based on multiple extracted knowledge chunks and on the target label. In this process, if the items making up a knowledge chunk frequently overlap with the items making up other knowledge chunks, the system controls their degree of impact so as to reduce the weight of their influence on the classification model. In this way, the system can train a model capable of accurate classifications even when the target label or the data marked as correct is imbalanced. For example, in a case where men who did not make a purchase make up the vast majority of an item purchase dataset, if the AI is trained without controlling the degree of impact, then the knowledge chunk that includes whether or not a person has a license, independent of gender, will not have much influence on the classification. With this newly developed method, the degree of impact of knowledge chunks including male as a factor is limited due to the overlap of this item, while the impact of the smaller number of knowledge chunks that include whether a person has a license becomes relatively larger in training, building a model that can correctly categorize both men and possession of a license.
    Figure 2: When making a classification model, the knowledge chunks impact adjustment


    Fujitsu Laboratories conducted a trial of this technology, applying it to data in areas such as digital marketing and healthcare. In a test using benchmark data in the marketing and healthcare areas from the UC Irvine Machine Learning Repository(1), this technology improved accuracy by about 10-20% compared to deep learning. It successfully reduced the probability that the system would overlook customers likely to subscribe to a service or patients with a condition by about 20-50%. In the marketing data, of the approximately 5,000 customer data entries used in the test, only about 230 were for purchasing customers, making for an imbalanced set. This technology reduced the number of potential customers excluded from sales promotions from 120, the result of deep learning analysis, to 74. Moreover, as the knowledge chunks that form the basis for this technology have a logical expression format, the ability to explain the reasoning behind a judgement is also useful in implementing this technology in society. Even when it is determined that corrections to a model are necessary, based on results from new data, it is possible to make more appropriate revisions, because users can understand the reasons for results.

    Future Plans

    Fujitsu Laboratories will continue to apply this technology to tasks that demand the reasoning behind AI judgements, such as in financial transactions and medical diagnoses, and to tasks that handle low frequency phenomena, such as fraud and equipment breakdowns, with the goal of commercializing it as a new machine learning technology supporting Fujitsu Limited's Fujitsu Human Centric AI Zinrai in fiscal 2019. Fujitsu Laboratories will also make effective use of this technology's characteristic capability for explanation, continuing research and development into topics such as improved support for making judgements and decisions in tasks to which it is applied, and into the overall system design, including collaboration with humans.

    (1) UC Irvine Machine Learning Repository A world-famous repository that provides numerous datasets for use in evaluating and comparing machine learning.

    About Fujitsu Laboratories

    Founded in 1968 as a wholly owned subsidiary of Fujitsu Limited, Fujitsu Laboratories Ltd. is one of the premier research centers in the world. With a global network of laboratories in Japan, China, the United States and Europe, the organization conducts a wide range of basic and applied research in the areas of Next-generation Services, Computer Servers, Networks, Electronic Devices and Advanced Materials. For more information, please see:

    About Fujitsu Ltd

    Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 140,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.1 trillion yen (US $39 billion) for the fiscal year ended March 31, 2018. For more information, please see

    * Please see this press release:

    Fujitsu Laboratories Ltd. Artificial Intelligence Laboratory E-mail: Fujitsu Limited Public and Investor Relations Tel: +81-3-3215-5259 URL:

    Copyright 2018 JCN Newswire. All rights reserved.

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    HONG KONG, Sep 19, 2018 - (ACN Newswire) - Chong Hing Bank Limited (the "Bank"; stock code: 01111) completed on 21 August 2018 the new share allotment under a subscription agreement entered into with Guangzhou Metro Investment Finance (HK) Limited ("GZ Metro") by allotting and issuing 70,126,000 Subscription Shares of the Bank at the Subscription Price of HK$14.26 per Subscription Share to GZ Metro. Meanwhile, the Bank proposed earlier a Rights Issue on the basis of one rights share for every two shares at HK$14.26 per Rights Share. The latest time for payment for and acceptance of the Rights Shares and the application and payment for excess Rights Shares of the Rights Issue was at 4:00 p.m. on Friday, 14 September 2018. The results of acceptances of and excess applications for the Rights Issue are expected to be announced on Friday, 21 September 2018 as scheduled.

    Since the Bank became a member of Yuexiu Group, its business results have recorded remarkable growth year after year. Its net profit had grown by 181% from HK$557 million in 2013 to HK$1,565 million in 2017, or a CAGR of 29.5%. Its return on equity also increased notably to 10.1% in the first half of 2018 from 6.3% in the same period last year. Separately, on 20 August 2018, Moody's raised the Bank's Long-term Deposits Rating from Baa2 to Baa1. Moody's believes that the Subscription and Rights Issue will strengthen the capital position and support strong asset growth and have positive effect on the credit rating of the Bank.

    The Bank plans to continue to promote its business growth by keeping pace with the finance and technology integration trend by devoting resources to its digital transformation initiatives and upgrade its electronic platforms, as well as participate in various digital and innovative projects. Indeed, the Bank has been committed to building an intelligent platform to increase the income stream and further enhance customer experience. The Bank will continue to devote its effort to upgrading the electronic platforms and information infrastructure as well as developing the digital banking services, with a vision to build a modern operation platform which will support the Bank's ongoing business growth.

    Looking forward, Chong Hing Bank will continue to devote itself to realising its corporate vision of establishing itself as an "integrated commercial bank with cross-border expertise" by consolidating its businesses in Hong Kong, while grasping the massive development opportunities presented by the Guangdong-Hong Kong-Macao Bay Area Initiative. Chong Hing Bank has established a solid foundation and will endeavour to leverage on the resources of Yuexiu Group and the new strategic investor GZ Metro, as well as the beneficial policies between Hong Kong and mainland China to establish a cross-border linking mechanism and offer differentiated cross-border products and services focusing on the targeted customer bases in the Greater Bay Area. Chong Hing Bank has commissioned a dedicated office to conduct strategic studies on the Greater Bay Area and develop professional service solutions for cross-border customers. It will further improve synergy and establish an efficient cooperation mechanism by capitalising on the resources of Yuexiu Group and its professional advantage in the industry.

    The Bank expects that Yuexiu Group and GZ Metro, which possess an enormous base of customers and upstream and downstream suppliers, can provide opportunities for the business expansion of the Bank. These will facilitate the Bank to vigorously develop various kinds of banking services and strongly support the future business growth of the Bank.

    About Chong Hing Bank
    Chong Hing Bank (formerly known as 'Liu Chong Hing Bank Limited') was founded in 1948. The Bank has been listed on the mainboard of the Stock Exchange of Hong Kong (Stock code: 01111) since 1994 and currently operates a network of 39 branches in Hong Kong. Together with its subsidiaries (Chong Hing Securities Limited and Chong Hing Insurance Company Limited), the Bank offers a wide range of banking services to individual and corporate customers, which include HKD and foreign currency deposits, credit, wealth management, investment, securities, insurance and other commercial banking products. Besides, the Bank joined hands with a number of local financial institutions and is one of the founding members of BCT group which provides a full range of mandatory provident fund services to customers. The Bank has branches in Guangzhou, Shenzhen, Shantou and Macau, sub-branches in Guangzhou Tianhe, Foshan, Nansha and Hengqin, and representative offices in Shanghai and San Francisco.

    Chong Hing Bank has been a member of Yuexiu Group since 14 February 2014. Yuexiu Group was established in Hong Kong in 1985. As at the end of 2017, Yuexiu Group had total assets of about RMB480 billion, making it one of the leading state-owned enterprise groups in Guangzhou in terms of economic efficiency.

    For other information about Chong Hing Bank, please go to the Bank's website

    For media enquiries, please contact:
    Strategic Financial Relations Limited
    Ms. Maggie Au / Mr.Antonio Yu
    Tel: (852) 2864 4815 / (852) 2114 4319
    Email: or

    This release is for information purposes only. It is not an offer to sell or the solicitation of an offer to acquire, purchase, subscribe, sell or dispose of any securities and neither this release nor anything herein forms the basis for any contract or commitment whatsoever.

    This announcement is not an invitation or offer of securities for sale in the United States. Neither this release nor any copy thereof may be released, published or distributed in or into the United States or any other jurisdiction where such release might be unlawful. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended or the laws of any state or jurisdiction of the United States and may not be offered or sold, pledged or transferred in the United States absent registration or an exemption from registration. There will be no public offering of securities in the United States.

    Unless otherwise expressed, capitalised terms in this release shall have the same meanings as defined in the announcement of the Bank relating to the Subscription and the Rights Issue dated 14 August 2018 and the prospectus of the Bank relating to the Rights Issue dated 31 August 2018.

    Copyright 2018 ACN Newswire. All rights reserved.

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    HONG KONG, Sep 19, 2018 - (ACN Newswire) - The Guangzhou-Shenzhen-Hong Kong Express Rail Link (XRL) will open on 23 September, connecting Hong Kong to China's 25,000-kilometre trans-national high-speed rail network. This vast network offers direct trains to 44 destinations across the mainland, including six short-haul destinations in Guangdong Province, and 38 long-haul destinations such as Beijing, Shanghai and Changsha.

    Located just 10 minutes' walk from XRL's Hong Kong West Kowloon Station, and only two stops from Hong Kong International Airport via the Airport Express Link, sky100 Hong Kong Observation Deck (sky100) is the natural first stop for both inbound and transit visitors. Situated directly above Kowloon Station, sky100's superb accessibility makes it the perfect choice for kick-starting a Hong Kong adventure or as the final stop before continuing a multi-destination rail journey across China.

    Upon arriving at sky100, visitors ride the fastest double-deck elevator in Hong Kong, reaching the 100th floor of Hong Kong's tallest building, ICC, in just 60 seconds. From a height of 393 metres, sky100 offers panoramic 360-degree views of Hong Kong. To bring this world-renowned skyline to life, sky100 has newly launched "sky100's Tales of Hong Kong", a 28-metre-long interactive story wall showcasing 100 fascinating stories with text, videos and various exhibits, enabling visitors to enjoy Hong Kong's skyline while also learning more about local tales, traditional craftsmanship and special customs. After visiting sky100, the exceptional location and connectivity enables visitors to reach many other places of interest with ease: walk to Jordan to experience authentic local culture, or take the train to Central and explore the artistic neighbourhoods in Mid-levels. All this and much more is within 15 to 30 minutes of sky100, so visitors can make the most of their time in Hong Kong.

    What's more, from 23 September to 30 December 2018, sky100 is launching its "Turn Your High Speed Rail Ticket into Cash" promotion to celebrate the commencement of the XRL. Visitors can enjoy a HK$50 discount simply by presenting their High Speed Rail ticket when purchasing a Published Price Ticket at HK$188 from sky100's Ticketing Centre. Terms and conditions apply to this promotion. For more details, please visit sky100's official website

    sky100 Hong Kong Observation Deck
    Ms Christy Leung
    Tel: (852) 2613 3805

    Copyright 2018 ACN Newswire. All rights reserved.