China, ASEAN and GCC Advance Cooperative Frameworks to Strengthen Regional Supply Chain Resilience
KUALA LUMPUR, Malaysia, May 29, 2025 /CNW/ -- China, the Association of Southeast Asian Nations (ASEAN) and the Gulf Cooperation Council (GCC) are ramping up efforts to enhance regional economic cooperation and stabilize industrial and supply chains. From the China-ASEAN Economic Forum to the ASEAN-China-GCC Economic Forum and the upcoming 3rd China International Supply Chain Expo (CISCE), these multilateral initiatives are injecting fresh momentum into the global economic recovery.
On May 26, the ASEAN-China Economic Forum convened nearly 200 representatives from the public and private sectors. CCPIT Chairman Ren Hongbin stressed the importance of recent agreements between China and ASEAN, especially with Malaysia, to deepen cooperation through the Belt and Road Initiative (BRI) and the Regional Comprehensive Economic Partnership (RCEP).
ASEAN representatives widely recognized the significant potential for China-ASEAN cooperation in technology innovation and industrial collaboration. Malaysia and other ASEAN countries expressed their intention to participate in the upcoming 3rd CISCE, working together to build an open, stable regional supply chain network.
With 50 days remaining until its opening, the 3rd CISCE has attracted global attention as the world's first national-level supply chain expo. Previous editions generated over RMB 300 billion in commercial transactions, with this year's expo expected to draw hundreds of global companies. A newly established "Innovation Chain Zone" will feature high-value intellectual property and emerging technologies.
Michael Hart, president of the American Chamber of Commerce in China, recently urged U.S. companies to take part, underscoring CISCE's unique value in a fragmented global trade landscape. Chairman Ren described the expo as "an oasis of cooperation in an uncertain world," designed to connect global businesses through integrated, sector-specific solutions.
The 2025 edition will retain its six principal focus areas while introducing new models to support global supply chain resilience.
The first ASEAN-China-GCC Economic Forum, held from May 27 to 28 in Kuala Lumpur, advanced regional collaboration. Ren led a delegation of over 30 executives from China's energy, artificial intelligence, and infrastructure sectors, holding talks with ASEAN and GCC officials, resulting in multiple cross-border cooperation memoranda of understanding.
From low-carbon ice cream to pioneering compressed air energy storage technology, CISCE has established itself as a global launchpad for commercial innovations. At a time of growing trade protectionism, CISCE stands out as a venue for transparent, rules-based cooperation, and is positioned to play a key role in reshaping interregional supply chain dynamics.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
an hour ago
- Cision Canada
Deere Brazil Investor Day to be Broadcast on Website
MOLINE, Ill., June 3, 2025 /CNW/ -- John Deere (NYSE: DE) will hold its Brazil Investor Day on Tuesday, 10 June, beginning at 12:00 p.m. central time. During the event, the company's senior leaders and regional management team will discuss the evolution of both the agriculture sector and the company's presence in the region, highlighting 25 years of strategic investments and future opportunities. The live webcast of the event together with the presentation can be accessed at The recorded event and presentation will be available on the Company's website for a period of time afterward. Deere & Company (NYSE: DE) is a world leader in providing advanced products, technology and services for customers whose work is revolutionizing agriculture and construction — those who cultivate, harvest, transform, enrich and build upon the land to meet the world's increasing need for food, fuel, shelter and infrastructure. For more information, visit
Cision Canada
an hour ago
- Cision Canada
Hazelview Properties Makes History with Canada's First Rainbow Registered Residential Rental Building
TORONTO, June 3, 2025 /CNW/ - Hazelview Properties is proud to announce it has opened Canada's first Rainbow Registered residential rental building. The Rainbow Registered accreditation is given to businesses and organizations that meet stringent standards to ensure that 2SLGBTQI+ customers feel welcome. While numerous businesses across the country hold the accreditation, the Story of Midtown Toronto ® rental property at 73/75 Broadway Ave is the first residential rental building to receive the honour. The initiative is part of the organization's larger commitment to create inclusive environments where diversity is not only acknowledged but celebrated. "At Hazelview, we go all out to build and nurture a diverse, equitable, and inclusive culture, whether it's in our workplace or properties we manage," says Jasmin Pirani, Partner, Marketing and Social Impact " Earning the Rainbow Registered accreditation for S tory of Midtown Toronto ® is a proud milestone that reflects our dedication to creating safe, welcoming spaces where everyone feels a true sense of belonging. This recognition reaffirms our promise to foster communities that celebrate diversity and prioritize the well-being of all residents." Story of Midtown Toronto ® received the Rainbow Registered Accreditation because of its commitment to inclusivity, including: Year-round inclusion: Inclusion at Story of Midtown Toronto ® is built into everyday experiences. Teams have access to ongoing Belonging initiatives, including a paid volunteer day to support community causes, inclusive visual identifiers like Pride-themed email signatures, and resident communications that reflect a community grounded in respect and belonging. Specific training focused on real-world allyship: Team members at Story of Midtown Toronto ® participate in comprehensive training on 2SLGBTQI+ inclusion, pronoun usage, unconscious bias, and inclusive language. A framework that puts people first: Policies at Story of Midtown Toronto ® don't just state values, they outline clear steps and expectations for supporting all team members from all diverse backgrounds. These policies are reviewed annually and backed by mandatory employee acknowledgment, creating consistency across the team and reinforcing a culture of accountability and care. Story of Midtown Toronto ® is a landmark addition to the Toronto rental market, redefining purpose-built rental living with a focus on elevated lifestyle, value-added services, and holistic well-being. This property aims to become the premier rental residence of choice in Midtown Toronto, offering a lifestyle built around health, wellness, urban connectivity, and inclusive community. Aside from its Rainbow Registration, the building will also include personalized services, perks, and exclusive programming. As part of Hazelview's commitment to resident wellbeing, residents will also receive complimentary access to Maple Healthcare's virtual services—including mental health support—and a Peloton membership, offering world-class fitness classes from the comfort of home. Elevated Rental Residences | Story of Midtown Toronto Hazelview Properties is also in the process of receiving the Rainbow Registered accreditation for its corporate offices and select properties within its Toronto/GTA portfolio as part of the organization's larger commitment to create inclusive environments where diversity is not only acknowledged but celebrated. "We are thrilled to recognize Hazelview Properties as Canada's first Rainbow Registered residential rental building. This milestone reflects a powerful commitment to inclusive housing—one where 2SLGBTQI+ residents are not just welcomed, but meaningfully supported. By embedding equity into its policies, training, and everyday operations, Hazelview is setting a new standard for what it means to build community. We're proud to stand alongside them as they lead by example." says Connor McKiggan (They/Him), National Business Development Manager, Canadian 2SLGBTQI+ Chamber of Commerce What Does it Mean to be Rainbow Registered? Rainbow Registered is an accreditation program run by Canada's 2SLGBTQI+ Chamber of Commerce (CGLCC). The accreditation program grants a time-limited recognition to businesses and organizations for demonstrating compliance with the quality standard. Accredited businesses are deemed market-ready for the 2SLGBTQI+ customer and given the right to be associated with the program's prestigious Rainbow Registered designation. Hazelview is a global real estate investment, development, and property management firm. Since 1999, Hazelview has delivered strong, risk-adjusted returns across all market cycles by taking an ownership-driven approach and leveraging deep local and global market insights. The firm invests in both private and public real estate markets through its strategically integrated platform.
Cision Canada
an hour ago
- Cision Canada
Fiera Capital Corporation announces completion of previously announced $70 million bought deal public offering of 7.75% Senior Subordinated Unsecured Debentures
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ MONTREAL, June 3, 2025 /CNW/ - Fiera Capital Corporation ("Fiera Capital" or the "Company") (TSX: FSZ) is pleased to announce that it has completed its previously announced bought deal public offering of $70 million aggregate principal amount of 7.75% senior subordinated unsecured debentures (the "Debentures") at a price of $1,000 per Debenture (the "Offering"). The Debentures bear interest at a rate of 7.75% per annum, payable semi-annually in arrears on June 30 and December 31 of each year, with the first interest payment on December 31, 2025. The Debentures will mature on June 30, 2030. The Debentures will commence trading on the Toronto Stock Exchange under the symbol " The net proceeds of this Offering will be used to fund the redemption of the Company's 8.25% Senior Subordinated Unsecured Debentures due December 31, 2026 (the "2026 Debentures") that the Company intends to effect on the first call-date, December 31, 2025, and for general corporate purposes. Pending such use, the net proceeds from the Offering will temporarily be used by the Company to reduce indebtedness under the Company's unsecured revolving credit facility. The foregoing is not a redemption notice with respect to the 2026 Debentures. Any redemption of the 2026 Debentures will be made pursuant to a notice of redemption under the indenture governing those securities. Scotiabank, CIBC Capital Markets, Desjardins Capital Markets and RBC Capital Markets acted as joint-bookrunners, on behalf of a syndicate of underwriters which also included National Bank Financial Inc., BMO Capital Markets, TD Securities Inc., Canaccord Genuity Corp., iA Private Wealth Inc. and Raymond James Ltd. (collectively, the "Underwriters"). The Company has also granted the Underwriters an option to purchase up to an additional $10.5 million aggregate principal amount of Debentures, on the same terms and conditions, exercisable in whole or in part, for a period of 30 days following the closing of the Offering. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. Forward-Looking Statements This document may contain certain forward-looking statements relating to future events or, future performance reflecting management's expectations or beliefs regarding future events, including, without limitation, business and economic conditions, outlook and trends, Fiera Capital's growth, results of operations, performance, business prospects and opportunities, objectives, plans and strategic priorities, new initiatives, such as those related to sustainability and other statements that do not refer to historical facts. In particular, this press release includes forward-looking statements relating to the anticipated use of the net proceeds of the Offering. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. These forward-looking statements may typically be identified by words and expressions such as "assumption, "continue", "estimate", "forecast", "goal", "guidance", "likely", "plan", "objective", "outlook", "potential", "foresee", "project", "strategy", "target", and other similar words or expressions or future or conditional verbs (including in their negative form), such as "aim", "anticipate", "believe", "could", "expect", "foresee", "intend", "may", "plan", "predict", "seek", "should", "strive" and "would". Forward-looking statements, by their very nature, are subject to inherent risks and uncertainties and are based on several assumptions, which make it possible for actual results or events to differ materially from management's expectations and that predictions, forecasts, projections, expectations, conclusions or statements will not prove to be accurate. As a result, Fiera Capital does not guarantee that any forward-looking statement will materialize and readers are cautioned not to place undue reliance on these forward-looking statements. These risks include, but are not limited to, the failure or delay in satisfying any of the conditions to the completion of the Offering. Additional factors include, but are not limited to, market and general economic conditions, the nature of the financial services industry, and the risks and uncertainties detailed from time to time in Fiera Capital's interim condensed and annual consolidated financial statements and its latest Annual Information Form filed on These forward-looking statements are made as of the date of this document, and Fiera Capital assumes no obligation to update or revise them to reflect new events or circumstances. About Fiera Capital Corporation Fiera Capital is a leading independent asset management firm with a growing global presence. The Company delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients across North America, Europe and key markets in Asia and the Middle East. Fiera Capital's depth of expertise, diversified investment platform and commitment to delivering outstanding service are core to our mission of being at the forefront of investment management science to create sustainable wealth for clients. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange. Headquartered in Montreal, Fiera Capital, with its affiliates in various jurisdictions, has offices in over a dozen cities around the world, including New York (U.S.), London (UK), Hong Kong (SAR) and Abu Dhabi (ADGM). Each affiliated entity (each an "Affiliate") of Fiera Capital only provides investment advisory or investment management services or offers investment funds in the jurisdictions where the Affiliate is authorized to provide services pursuant to the relevant registrations, an exemption from such registrations and/or the relevant product is registered or exempt from registration. Fiera Capital does not provide investment advice to U.S. clients or offer investment advisory services in the U.S. In the U.S., asset management services are provided by Fiera Capital's Affiliates who are investment advisers that are registered with the U.S. Securities and Exchange Commission (SEC) or exempt from registration. Registration with the SEC does not imply a certain level of skill or training. For details on the particular registration of, or exemptions therefrom relied upon by, any Fiera Capital entity, please consult
