logo
The 6th 'Straits Financial Forum: Taiwan Enterprise Development Forum' held in Xiamen

The 6th 'Straits Financial Forum: Taiwan Enterprise Development Forum' held in Xiamen

The Sun4 hours ago

XIAMEN, CHINA - Media OutReach Newswire - 16 June 2025 - 'Straits Financial Forum: Taiwan Enterprise Development Forum,' an essential event of the 17th Straits Forum, was held in Xiamen on June 14th. With the theme of 'Cross-Strait Financial Integration and Technology Empowerment,' it focused on the collaborative innovation of fintech and the high-quality development of Taiwan enterprises, stimulating discussions on new pathways of financial integration among regulators, Taiwan affairs offices/associations in Chinese cities, Taiwan enterprises, young Taiwanese, financial institutions, and experts.
'Straits Financial Forum: Taiwan Enterprise Development Forum' has been rolled out alongside the Straits Forum for 6 consecutive years, addressing the needs of the capital market for Taiwan enterprises and building a platform for cross-strait financial exchange. The event is sponsored by Xiamen Jinyuan Investment Group Co., Ltd. and hosted by Jinyuan President Securities Co., Ltd.
At the forum, the country's first Taiwan Enterprise Financial Services Alliance showcased its achievements of the past 3 years. The alliance was co-launched by Jinyuan Group and 10 institutions deeply engaged in serving Taiwan enterprises in July 2022. It is committed to advancing collaborative innovation in financial services and empowering the high-quality development of Taiwan enterprises in China's mainland.
Remarkable results have been delivered over the past 3 years: Jinyuan Group issued the first batch of cross-strait integrated development corporate bonds in China, bringing a number of Taiwan enterprises to the mainland's capital market; Bank of China (Xiamen Branch) provided a credit line of over 6 billion yuan for Taiwan businesses and set up 8 demonstration outlets; Xiamen Bank's Taiwan e-Loan credit exceeded 66 million yuan, while the transaction volume of Salary Express reached 660 million yuan. In a word, financial services continue to penetrate into the life and work of Taiwan compatriots.
Jinyuan President Securities revealed that it will tackle pain points in Taiwan enterprises' financing, making services accessible, affordable, and friendly. To help Taiwan enterprises thrive, it plans to prepare a capital market service toolbox with four priorities (i.e., promoting cross-strait industrial integration, assisting Taiwan enterprises to upgrade, facilitating Taiwan enterprises to go public, and providing all-round financial services).
At the forum, Xiamen Bank announced the country's first linkage between the Mainland Travel Permit and the Mainland Residence Permit for Taiwan residents in online financial scenarios. Wang Rumin, general manager of the Taiwanese Financial Department at the Head Office of Xiamen Bank, explained that this will optimize Taiwanese' payment experience because each person's different identity documents can be associated.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Correcting and Replacing: Visa unveils Flex Credential in Vietnam, ushering in a new era of payment flexibility and financial empowerment for consumers
Correcting and Replacing: Visa unveils Flex Credential in Vietnam, ushering in a new era of payment flexibility and financial empowerment for consumers

The Sun

time3 hours ago

  • The Sun

Correcting and Replacing: Visa unveils Flex Credential in Vietnam, ushering in a new era of payment flexibility and financial empowerment for consumers

• Vietnam leads Southeast Asia in financial confidence and readiness for major purchases, Visa survey • With Visa Flex Credential, consumers can seamlessly choose how they pay, via credit, debit, and more, all on a single credential, redefining the future of payments HCMC, VIETNAM - Media OutReach Newswire - 17 June 2025 - Visa (NYSE: V), a global leader in digital payments, announced the launch of Visa Flex Credential, offering new ways for consumers to manage and spend their money, with Asia Commercial Joint Stock Bank (ACB) becoming the first bank in Vietnam – and Southeast Asia – to offer this feature. Starting today, ACB Visa cardholders can seamlessly switch between debit and credit cards via the ACB One app. By the end of 2025, additional issuers will expand Visa Flex Credential to more Vietnamese consumers, enabling expanded use-cases. According to Visa's latest Green Shoots Radar survey[1], Vietnamese consumers, especially Gen Z and Millennials, lead Southeast Asia in financial confidence and ambition. Today's young Vietnamese are prioritising investments in education (66%), healthcare (65%), electronics (63%), and travel (61%), showing a readiness to make big-ticket purchases and take control of their financial futures. Visa Flex Credential is reimagining the credential for the next generation, designed to put the power of choice directly in consumers' hands at every transaction – enabling them to opt for debit on daily purchases, credit for larger expenses, or even redeeming loyalty points when checking out, whether it's for everyday essentials or a dream vacation. 'Visa is committed to empowering consumers with innovative solutions that put them in control of their financial future. Flex Credential is Visa's breakthrough solution that enables the integration of multiple funding sources through a single card credential, providing cardholders with maximum flexibility to efficiently manage and utilize their payment forms. In specific markets such as the U.S. and UAE, Visa Flex Credential allows cardholders to choose to pay now or pay over time directly from the app, as well as access multiple currency accounts through a single credential – making cross-border payments simple and seamless. We are proud to bring this solution to Vietnam, making digital payments more accessible and contributing to Vietnam's digital and financial inclusion and overall economic growth,' said Ms. Dung Dang, Visa Country Manager for Vietnam & Laos. Mr. Nguyen Tam Khoa, Deputy Head of Consumer Division at ACB, shared: 'The Visa Flex Credential truly speaks for itself, elevating the customer experience to a new level. While there are quite a few similar solutions in the market, the Visa Flex Credential stands out by meeting all customer needs, such as flexible payment source selection, a variety of transaction methods from offline to online, and the ability to choose from a wide range of suitable offers, all while ensuring independent, clear, and transparent spending management for each card.' Visa first launched Flex Credential in partnership with Sumitomo Mitsui Banking Corporation (SMBC) and Sumitomo Mitsui Card Company (SMCC), known as Olive, two years ago in Japan. Today, more than 5 million Olive account holders are benefitting from the Visa Flex Credential. The Olive card continues to outperform, with cardholder transactions averaging 40% higher than the national average in Japan over the past year. Visa and SMCC have expanded the Visa Flex Credential to support small businesses with the flexibility to switch between business and personal accounts using the same Olive card, enhancing access to credit and cash flow management. Key features of Visa Flex Credential: • Customisable payment options: Switch effortlessly between payment modes, such as debit, credit, prepaid, loyalty points etc. to suit different spending needs and having one credential for life. • Advanced security protocols: Benefit from Visa's latest security technologies to stay protected against fraud. • Personalised insights and control: Use AI-driven insights to better manage your finances and spending habits. • Unified payment experience: Manage all your financial transactions through a single, easy-to-use platform. Visa and ACB are proud partners of Cashless Day 2025, demonstrating their commitment to promoting digital payment solutions in Vietnam. This collaboration further highlights their shared vision of fostering economic empowerment through innovative technology. [1] The Green Shoots Radar study is conducted quarterly by Visa to track consumer sentiments across financial services, commerce, travel, and other categories. The total sample size is 14,250 respondents across 14 Asia-Pacific countries, including Vietnam, with male and female participants aged 18 to 65 years old.

HKSTP Teams Up with HKU and CUHK Medical Schools to Showcase Hong Kong's Life & Health Innovations at BIO International Convention
HKSTP Teams Up with HKU and CUHK Medical Schools to Showcase Hong Kong's Life & Health Innovations at BIO International Convention

The Sun

time3 hours ago

  • The Sun

HKSTP Teams Up with HKU and CUHK Medical Schools to Showcase Hong Kong's Life & Health Innovations at BIO International Convention

HONG KONG SAR - Media OutReach Newswire - 17 June 2025 - Hong Kong Science and Technology Parks Corporation (HKSTP), in collaboration with InvestHK, led 16 prominent life and health technology companies to BIO 2025, the world's largest biotechnology event, held in Boston, USA, from June 16 to 19. This year marks the first time HKSTP joined forces with Hong Kong's two leading medical faculties—the LKS Faculty of Medicine at The University of Hong Kong (HKU) and the Faculty of Medicine at The Chinese University of Hong Kong (CUHK) - to form a delegation, showcasing Hong Kong's cutting-edge research capabilities and innovation potential in life sciences and health technologies. The initiative further strengthens Hong Kong's position as a world-class biotech innovation hub. The HKSTP Pavilion highlighted the groundbreaking technologies and products of its park companies, featuring innovative solutions across diverse fields such as novel drug development, diagnostic technologies, and medical innovation. Among the 16 participating companies, they were the members of HKSTP's incubation programmes including Incu-Bio and ELITE Programme, cutting-edge work from the InnoHK research centers, and other outstanding biotech companies. On the first day of the exhibition, the delegation successfully attracted attention from global industry leaders, corporate partners, and venture capital firms. During BIO 2025, HKSTP and its park companies made significant strides in fostering cross-border innovation ecosystems and exploring new market opportunities: • Immuno Cure, partnering with HKUMed, the developer of the first-in-human novel therapeutic HIV vaccine ICVAX, announced its collaboration with PharmaJet to explore the application of a needle-free vaccination solution, accelerating the global commercialization pathway for ICVAX. • HKSTP signed a partnership agreement with DLRC to provide legal advisory services in clinical trials and certification, promoting global ecosystem collaboration and growth. Mr. Albert Wong, CEO of HKSTP, said: 'We are thrilled to partner with two leading medical schools for the first time at BIO 2025, demonstrating Hong Kong's breakthroughs and innovation in life and health technology. This delegation not only deepens collaboration between Hong Kong and top global research institutions but also highlights our unique advantages as a core I&T hub in the Greater Bay Area. With strong policy and funding support from the HKSAR government, Hong Kong will further serve as a bridge connecting Mainland China and global tech partnerships, solidifying its leadership in life sciences innovation.' Ahead of BIO 2025, the delegation participated in the '2025 Biomedical Pitch Competition', co-organized by the Boston Capital Investment Club (BCIC) and HKSTP. The event connects global life and health innovators with investors and business partners. Three HKSTP companies—ARBELE, GenEditBio, and Cogsmart—excelled in the preliminary rounds, competing against over 100 global life sciences firms, with ARBELE, HKUMed's affiliated spin-off company, winning the championship, underscoring Hong Kong's research excellence. Over the past three years, this platform has helped startups secure over USD 100 million in funding and connect with hundreds of international investors and partners, driving further business growth. HKSTP is committed to propelling Hong Kong's life sciences sector onto the global stage, showcasing the city's unique strengths to attract international enterprises and talent. The delegation also organized networking events and visits, enabling Hong Kong companies to engage with overseas investors, leading corporations, and renowned academic institutions, including visits to MIT Professor Robert Langer (Described as 'Edison of Medicine'), Harvard Innovation Labs, Cambridge Innovation Center, and more. This initiative reinforces Hong Kong's sustainable development in life sciences and its role as a global innovation leader. Appendix: List of Park Companies Participating in BIO 2025: 1. Allegrow Biotech Limited 2. ARBELE Limited 3. Beth Bioinformatics Co., Limited 4. Centre for Translational Stem Cell Biology 5. The Centre for Virology, Vaccinology, and Therapeutics 6. DECODE CURE Limited 7. GenEditBio Limited 8. Great Bay Bio 9. Hong Kong Universal Biologicals Company Limited 10. Immuno Cure Holding (HK) Limited 11. The Institute for Innovation, Translation and Policy Research (ITPR) 12. LEE'S PHARMACEUTICAL (HK) LIMITED 13. Serilink Biotechnology Company Limited 14. Xiaomo Biotech Limited 15. XUXIN (HongKong) Biotechnology Co., Limited 16. Zhaoke (Hong Kong) Ophthalmology Pharmaceutical Limited Hashtag: #HKSTP

Visa unveils Flex Credential in Vietnam, ushering in a new era of payment flexibility and financial empowerment for consumers
Visa unveils Flex Credential in Vietnam, ushering in a new era of payment flexibility and financial empowerment for consumers

The Sun

time3 hours ago

  • The Sun

Visa unveils Flex Credential in Vietnam, ushering in a new era of payment flexibility and financial empowerment for consumers

• Vietnam leads Southeast Asia in financial confidence and readiness for major purchases, Visa survey • With Visa Flex Credential, consumers can seamlessly choose how they pay, via credit, debit, and more, all on a single credential, redefining the future of payments HCMC, VIETNAM - Media OutReach Newswire - 17 June 2025 - Visa (NYSE: V), a global leader in digital payments, announced the launch of Visa Flex Credential, offering new ways for consumers to manage and spend their money, with Asia Commercial Joint Stock Bank (ACB) becoming the first bank in Vietnam – and Southeast Asia – to offer this feature. Starting today, ACB Visa cardholders can seamless switch between debit and credit cards via the ACB One app. Similarly, Visa cardholders of Vietnam International Commercial Joint Stock Bank (VIB) will soon be able to experience VIB PayFlex – developed on the Visa Flex Credential technology platform – through the MyVIB app. By the end of 2025, additional issuers will expand Flex Credential to more Vietnamese consumers, enabling expanded use-cases. According to Visa's latest Green Shoots Radar survey[1], Vietnamese consumers, especially Gen Z and Millennials, lead Southeast Asia in financial confidence and ambition. Today's young Vietnamese are prioritising investments in education (66%), healthcare (65%), electronics (63%), and travel (61%), showing a readiness to make big-ticket purchases and take control of their financial futures. Visa Flex Credential is reimagining the credential for the next generation, designed to put the power of choice directly in consumers' hands at every transaction – enabling them to opt for debit on daily purchases, credit for larger expenses, or even redeeming loyalty points when checking out, whether it's for everyday essentials or a dream vacation. 'Visa is committed to empowering consumers with innovative solutions that put them in control of their financial future. Flex Credential is Visa's breakthrough solution that enables the integration of multiple funding sources through a single card credential, providing cardholders with maximum flexibility to efficiently manage and utilize their payment forms. In specific markets such as the U.S. and UAE, Visa Flex Credential allows cardholders to choose to pay now or pay over time directly from the app, as well as access multiple currency accounts through a single credential – making cross-border payments simple and seamless. We are proud to bring this solution to Vietnam, making digital payments more accessible and contributing to Vietnam's digital and financial inclusion and overall economic growth,' said Ms. Dung Dang, Visa Country Manager for Vietnam & Laos. Mr. Nguyen Tam Khoa, Deputy Head of Consumer Division at ACB, shared: 'The Flex Credential truly speaks for itself, elevating the customer experience to a new level. While there are quite a few similar solutions in the market, the Flex Credential stands out by meeting all customer needs, such as flexible payment source selection, a variety of transaction methods from offline to online, and the ability to choose from a wide range of suitable offers, all while ensuring independent, clear, and transparent spending management for each card.' Visa first launched Flex in partnership with Sumitomo Mitsui Banking Corporation (SMBC) and Sumitomo Mitsui Card Company (SMCC), known as Olive, two years ago in Japan. Today, more than 5 million Olive account holders are benefitting from the Visa Flex Credential. The Olive card continues to outperform, with cardholder transactions averaging 40% higher than the national average in Japan over the past year. Visa and SMCC have expanded the Visa Flex Credential to support small businesses with the flexibility to switch between business and personal accounts using the same Olive card, enhancing access to credit and cash flow management. Key features of Visa Flex Credential: • Customisable payment options: Switch effortlessly between payment modes, such as debit, credit, prepaid, loyalty points etc. to suit different spending needs and having one credential for life. • Advanced security protocols: Benefit from Visa's latest security technologies to stay protected against fraud. • Pe rsonalised insights and control: Use AI-driven insights to better manage your finances and spending habits. • Unified payment experience: Manage all your financial transactions through a single, easy-to-use platform. Visa and ACB are proud partners of Cashless Day 2025, demonstrating their commitment to promoting digital payment solutions in Vietnam. This collaboration further highlights their shared vision of fostering economic empowerment through innovative technology. [1] The Green Shoots Radar study is conducted quarterly by Visa to track consumer sentiments across financial services, commerce, travel, and other categories. The total sample size is 14,250 respondents across 14 Asia-Pacific countries, including Vietnam, with male and female participants aged 18 to 65 years old.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store