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Malay Mail
7 days ago
- Business
- Malay Mail
Asia Pacific Enterprise Awards and Asia Responsible Enterprise Awards 2025 China Chapter Celebrates Exemplary Business Excellence and Responsible Leadership
AWARD RECIPIENT LIST OF THE ASIA RESPONSIBLE ENTERPRISE AWARDS (AREA) 2025 CHINA CHAPTER SOCIAL EMPOWERMENT CATEGORY ORGANIZATION WINNING ESG PROGRAM BANK OF CHINA (HONG KONG) LIMITED BOCHK X FOOD ANGEL: INNOVATIVE FOOD ASSISTANCE FOR COMMUNITY HELPS RURAL REVITALIZATION WITH DIGITAL SUPPLY CHAIN KINGNET NETWORK CO., LTD. KAIXIN PHILANTHROPHY - RURAL CHILDREN GUARDIANSHIP PROGRAM TECHTRONIC INDUSTRIES COMPANY LIMITED BUILDING RESILIENCE, EMPOWERING COMMUNITIES INVESTMENT IN PEOPLE CATEGORY ORGANIZATION WINNING ESG PROGRAM CHINA CONSTRUCTION BANK CORPORATION CHINA CONSTRUCTION BANK HUMAN RESOURCES DEVELOPMENT PRACTICES GREEN LEADERSHIP CATEGORY ORGANIZATION WINNING ESG PROGRAM GUANGZHOU LIBY ENTERPRISE GROUP CO., LTD. "GREEN FUTURE ⋅ NET ZERO LIBY" CLIMATE ACTION KAISHAN GROUP CO.,LTD. CONSERVING OUR PLANET PING AN BANK CO., LTD. PING AN BANK'S FINANCING SUPPORT FOR HBIS GREEN TRANSFORMATION PROGRAM TOWN RAY ELECTRICAL (HUIZHOU) LIMITED SMART INNOVATION FOR A LOW-CARBON FUTURE ZHENSHI HOLDING GROUP GREEN ENERGY SURGES — BOUNDLESS POTENTIAL CORPORATE GOVERNANCE CATEGORY ORGANIZATION WINNING ESG PROGRAM AUTOHOME INC. AUTOHOME SUSTAINABLE CORPORATE GOVERNANCE BUDWEISER BREWING COMPANY APAC LIMITED GOVERNANCE FRAMEWORK BANK (CHINA) COMPANY,LTD. THOROUGH CORPORATE GOVERNANCE & EASY-TO-BE UNDERSTOOD AND DETAILED DISCLOSURE OF INFORMATION CIRCULAR ECONOMY LEADERSHIP CATEGORY ORGANIZATION WINNING ESG PROGRAM ALIBABA'S TAOBAO TMALL GROUP: XIANYU PLATFORM XIANYU LEVERAGES TECHNOLOGY TO PROMOTE CIRCULAR ECONOMY AND SHAPE SUSTAINABLE CONSUMPTION FOR THE NEXT GENERATION BUDWEISER BREWING COMPANY APAC LIMITED CIRCULAR PACKAGING GRANDBLUE ENVIRONMENT CO., LTD. GRANDBLUE MODEL EMPOWERS WASTE-FREE CITIES TO CREATE A CIRCULAR ECONOMY BENCHMARK QISDA CORPORATION FROM WASTE TO WEALTH: QISDA'S CIRCULAR TRANSFORMATION CORPORATE SUSTAINABILITY REPORTING CATEGORY ORGANIZATION WINNING ESG PROGRAM BANK OF CHINA (HONG KONG) LIMITED SUSTAINABILITY REPORT 2024 CHINA HONGQIAO GROUP LIMITED SMART ALUMINUM FUTURE: INTELLIGENT AI FACTORY LEADS GREEN TRANSFORMATION AWARD RECIPIENT LIST OF THE ASIA PACIFIC ENTERPRISE AWARDS (APEA) 2025 CHINA CHAPTER CORPORATE EXCELLENCE CATEGORY COMPANY INDUSTRY CTF SERVICES LIMITED CONSTRUCTION KAISHAN GROUP CO.,LTD. MANUFACTURING SHANGHAI, CHINA - Media OutReach Newswire - 23 July 2025 - The Asia Pacific Enterprise Awards (APEA) and Asia Responsible Enterprise Awards (AREA) China Chapter successfully concluded its latest edition, honoring the nation's most exceptional enterprises and visionary business leaders at the forefront of innovation, resilience, and sustainable growth in an increasingly dynamic economy. Organized by leading regional NGO, Enterprise Asia, the prestigious dual awards ceremony took place at Grand Hyatt Shanghai on 11 July joint awards ceremony recognized outstanding enterprises and entrepreneurs who exemplify business excellence, leadership, and social responsibility in navigating disruption and embracing the green, inclusive economy of tomorrow.A rigorous evaluation process, led by a distinguished panel of judges, assessed over 150 nominees across eight categories for the AREA and four categories for the APEA. The AREA recognized exemplary leaders and enterprises that have demonstrated an unwavering commitment to sustainability and responsible business practices. In parallel, the APEA honored exceptional organizations and entrepreneurs who exhibited exceptional business performance, strategic foresight, and visionary leadership in navigating today's dynamic business his welcome address, Datuk William Ng, Vice Chairman of Enterprise Asia, stated, 'In an era marked by unprecedented challenges and transformation, it is the enterprises and leaders who dare to innovate, uphold responsible business values, and commit to sustainable progress that will define the future. Tonight, we are here to celebrate not just their business success, but their resilience, foresight, and positive impact on society and the environment.'.Among the outstanding AREA award recipients, Town Ray Electrical (Huizhou) Limited received the award under the Green Leadership category for its exemplary environmental stewardship. The company achieved significant results by upgrading waste gas treatment, using low-VOC coating materials, adopting energy-saving equipment, and installing photovoltaic systems. These efforts reduced VOC emissions by 3.699 tons, saved 480 tons of standard coal, cut carbon emissions by 2,792 tons, reduced hazardous waste by 15%, and achieved 100% packaging recycling. The above achievements have also enabled the company to make contributions to society in the field of sustainable Bank (China) Company, Ltd.'s strong governance, transparency, and accountability have earned it a two-time win in the Corporate Governance category. The bank leads with practices exceeding regulatory standards, including fully recorded Board meetings, independent performance reviews, and a well-indexed annual report. It has received favorable evaluations three times in corporate governance assessments among banks and insurers and maintained over 98% customer satisfaction for three consecutive its strong commitment to responsible banking, Bank of China (Hong Kong) Limited ('BOCHK') earned dual honours in the Social Empowerment and Corporate Sustainability Reporting categories. Since 2016, the 'BOCHK x Food Angel' initiative has benefited over 210,000 people, recycled 8,800 tonnes of surplus edible food, and produced over 2.1 million meals. These efforts have reduced food waste and supported community dignity through innovations such as the 'Self-serve Station'. Meanwhile, BOCHK's has also established a robust sustainability governance framework and its Sustainability Reports strictly align with GRI standards, HKEX's ESG Guide and follow guidelines such as TCFD, SASB and SDGs. The Reports have also been verified by an independent third party with reasonable of the world's leading aluminum producers, China Hongqiao Group Co., Ltd., also marked a key milestone in its ESG journey with its win in the Corporate Sustainability Reporting category. Guided by a robust ESG governance framework, its latest sustainability report outlines the ambitious '2555 dual carbon' targets—peaking emissions by 2025 and achieving net-zero by 2055—alongside goals such as increasing green electricity usage to 70% by 2030 and reducing aluminum carbon intensity by 40%. The report highlights extensive stakeholder engagement, reinforcing the Group's commitment to transparency, accountability, and long-term value exemplifying leadership in social responsibility, Techtronic Industries (TTI) was recognized under the Social Empowerment category for its transformative initiative, 'Building Resilience, Empowering Communities'. In partnership with Habitat for Humanity, the project addressed environmental, poverty, and infrastructure challenges by building eight new homes, renovating 20 others in Go Cong and Thai Nguyen, and improving WASH infrastructure for more than 1,800 individuals. Through the Participatory Approach for Safe Shelter Awareness (PASSA) and active employee volunteerism, TTI embedded sustainable development into its core strategy while fostering lasting community other esteemed winners of the AREA included industry leaders such as Alibaba's Taobao Tmall Group: Xianyu Platform; China Construction Bank Corporation; Inc.; Ping An Bank Co., Ltd.; Qisda Corporation, among others. In the APEA segment, notable winners included Kaishan Group Co., Ltd. and CTF Services Limited, recognized for their unparalleled achievements in business APEA and AREA 2025 China Chapter were co-organized by Enterprise Accelerator Co., Ltd. and proudly supported by the Hong Kong Young Industrialists Council Limited (HKYIC), International Chamber of Commerce - Hong Kong (ICC-HK), MayCham China in Shanghai, Shanghai Chamber of Commerce in Guangzhou, SingCham Shanghai, and Strategic Public Relations Group. PR Newswire is the official news release distribution partner, with as the official media partner and Osin Au Pty Ltd as the official beverage #Business #Sustainability #ESG Wechat: Enterprise Asia 亚洲企业商会 The issuer is solely responsible for the content of this announcement. About Enterprise Asia Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs and other organizations to promote competitiveness and entrepreneurial development, in uplifting the economic status of people across Asia and in ensuring a legacy of hope, innovation and courage for the future generation. Please visit for more information.
Associated Press
30-06-2025
- Business
- Associated Press
TCL Technology pioneers the first sustainability-linked offshore syndicated loan in China's display panel industry
SHENZHEN, China, June 30, 2025 /PRNewswire/ -- Recently, TCL Technology Group Co., Ltd. ('TCL Technology', the 'Group') announced the Group's first sustainability-linked syndicated loan, with a total amount of US$200 million. This is considered to be the first sustainability-linked offshore syndicated loan in China's display panel industry. Bank of China (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited ('HSBC') and Standard Chartered Bank (Hong Kong) Limited served as Joint Mandated Lead Arrangers and Bookrunners and Sustainability Coordinators, and DNV Business Assurance Limited ('DNV') served as an independent external reviewer and provided a satisfactory second-party opinion on this sustainability-linked loan structure. The interest margin of the facility is linked to a series of core ESG performance indicators of TCL Technology, which are key performance indicators of the industrials and manufacturing industry recognised by the International Capital Market Association ('ICMA'). Meanwhile, TCL Technology has set up a two-way interest margin adjustment mechanism that includes both rewards and penalties, reflecting TCL Technology's strong commitment to implementing the ESG strategies and leading the sustainable development of the high-tech industry. The sustainability-linked offshore syndicated loan garnered significant interest from 19 leading Chinese and foreign banks, with oversubscription of more than 3 times the initial target. Li Jian, CFO of TCL Technology, said, 'The successful closure of the sustainability-linked offshore syndicated loan is an important milestone for TCL Technology to promote sustainable development. It also reflects the Group's long term commitment to strengthening its ESG management system and sustainable development capabilities. We will take this opportunity to deepen the use of sustainable finance tools to improve the efficiency of capital allocation, and accelerate the transformation processes of sustainable manufacturing and low-carbon operations. TCL Technology will continue to uphold an open and cooperative attitude and explore innovative paths for the integration of corporate finance and sustainable development with all stakeholders.' Wei Xue, Vice President and ESG Director of TCL Technology, said, 'We are very pleased to have successfully closed the industry's first sustainability-linked offshore syndicated loan. Sustainable development is TCL Technology's long-term business strategy and a core component of TCL brands globally. We hope to take the syndicated loan as an opportunity to combine corporate finance with ESG strategy, continuously improve the Group's ESG management capabilities, further enhance its operational capabilities to navigate through cyclical challenges under a complex and ever-changing market environment, and spread stronger wings to overcome the headwind. We look forward to working hand in hand with our partners to make every innovation a step towards a net-zero-carbon and sustainable future.' In 2024, TCL Technology officially joined the United Nations Global Compact ('UNGC'), and pledged with companies and other stakeholders from nearly 170 countries to fulfill the 10 principles of the UNGC covering human rights, labour standards, environment and anti-corruption, and to make continuous contributions to the realisation of the United Nations Sustainable Development Goals. At the same time, the Group has taken a key step to establish the 'Strategy and Sustainability Committee', escalated ESG management to the Board level, and established the 'ESG Working Committee' to deepen the integration of environmental, social and governance aspects in the Group's strategic planning and daily operations management. Adhering to the belief that 'sustainable development is not optional but necessary', TCL Technology is committed to exploring and applying digital tools to achieve more accurate and efficient carbon emission management. In addition, the company continues to implement value-sharing initiatives to promote the Group's ESG development in all aspects, such as 'TCLGreen', exemplified by the TCL Photovoltaic Low-Carbon Campus project, and 'TCLforHer', an initiative advocating for women's empowerment through technology and culture. View original content to download multimedia: SOURCE TCL Technology
South China Morning Post
26-06-2025
- Business
- South China Morning Post
Shanghai Gold Exchange launches first offshore vault in Hong Kong
The Shanghai Gold Exchange opened its first offshore warehouse in Hong Kong on Thursday, a move that is likely to bolster the international trading of its contracts. The vault witnessed several transactions of spot gold contracts after it became operational, according to a statement from Bank of China (Hong Kong), which runs the warehouse. Analysts said the launch of the vault and two yuan-denominated gold products represented a step forward for Beijing and Hong Kong in their effort to promote commodities and futures contracts around the world. 'Gold, as a basic precious metal, is, in essence, a commodity, a reserve asset and an investment product,' Christopher Hui Ching-yu, Hong Kong's secretary for financial services and the treasury , said at the opening ceremony for the vault. 'It is also a hedging tool amid uncertain geopolitical and economic outlooks.' He added that the vault and gold contracts would help Hong Kong solidify itself as an international financial centre. The vault was designed to serve international clients as they conducted trading of yuan-denominated bullion and managed their storage. The Shanghai exchange was established by the People's Bank of China in 2002; it has two warehouses in Shanghai and another in Shenzhen.
News.com.au
23-06-2025
- Business
- News.com.au
Revealed: Four banks failed to pass on May rate cut in full
ANALYSIS Well, we did it! Our rate cut shame list ensured lenders went one better than in February and all 111 lenders being monitored ending up passing on a cut. Even Virgin Money, who stubbornly refused to pass on the first cut this year, were quick to move in May, announcing it would pass on a 25 basis point reduction to its lenders on the same afternoon the RBA cut the official rate from 4.1 per cent down to 3.85 per cent. Experts had warned, and indeed history has shown, that lenders will often pass the first cut on in full at the beginning of a lowering cycle, but are not as reliable when further cuts are announced. Lenders improved their overall response time in May, compared with the February cut. Finder analysis revealed banks took an average of 14 days to pass on the May rate cut, which was the same as February, but the longest time it took a lender to pass on in May was just 27 days, compared to 42 in February. However, while all lenders dropped rates in May, not all passed on the full 25 basis points. Family First Credit Union dropped its best variable rate by just 0.05 per cent, Finder research showed, which is only one fifth the savings being enjoyed by customers of other banks. Laboratories Credit Union passed on a 0.1 per cent cut, while Bank of China and Dnister both gave customers a 0.2 per cent discount. The difference sounds small, but let's look at the savings you could make with a $1 million mortgage, being paid off over 30 years. If you started with a 6 per cent interest rate on your loan and your lenders passed on a full cut to drop your new rate to 5.75 per cent, you would save $160 a month and about $58,000 over the life of the loan. If your cut was 0.2 per cent, you would save $119 a month and $43,000 over the loan term. A 0.1 per cent cut would mean you'd save $60 a month and $21,000 over 30 years. A 0.05 per cent cut would save you $30 a month and just over $10,000 over the loan term. So that's nearly $50,000 in difference over your loan term, from just one small variation in a single rate cut. Banks go to war over Aussie homeowners Finder's home loan expert Richard Whitten says borrowers need to hold their lenders to account, or risk missing out on big savings. 'If your lender hasn't fully passed on a recent interest rate cut, now is the time to consider refinancing to get a better deal,' Mr Whitten said. 'Compare the interest rate on your loan with what competitors are offering. Many lenders are quick to pass on rate increases but lag with decreases, so don't assume your current rate is the best you can get.' And if your lender has passed on the cut in full, it doesn't necessarily mean your deal is up to scratch, Mr Whitten warned. 'There's a high chance another lender is offering a better deal to new borrowers,' he said. 'If you find a better offer, contact your current lender and negotiate. It never hurts to ask for a lower rate. But be prepared to switch if they don't budge.
South China Morning Post
23-06-2025
- Business
- South China Morning Post
Chinese banks' stock rally lights up social media as investors fear missing out
The rally in Chinese bank stocks is captivating retail investors from Hong Kong to Shanghai and Shenzhen, making it one of the hottest topics on mainland social media platforms, with many asking if it is too late to jump on the bandwagon. Benchmarks tracking Industrial & Commercial Banking Corp (ICBC), China Construction Bank (CCB), Bank of China and their peers have risen 24 per cent in Hong Kong and 17 per cent in onshore markets. The market-beating gains are even more spectacular, coming after their best returns in 16 years in 2024. The answers may be found in dividend payouts and sliding government bond yields, both of which have enticed insurance companies to allocate a bigger chunk of their assets into banking stocks, analysts said. 'Banks have been our top pick' within the financial sector since 2023, said Shujin Chen, an analyst at Jefferies. 'For banks, the most obvious and important point is that they are relatively more likely to deliver stable returns, especially the large banks.' Shares of top mainland lenders like China Construction Bank have extended gains this year. Photo: Reuters Beijing last year urged listed companies to pay dividends several times a year, in advance and before the Lunar New Year, to shore up market sentiment. Authorities also restricted major shareholders from selling their stakes if their companies do not live up to marks on payouts. Many Chinese banks took the lead, with the nation's six major state-controlled lenders last year handing out interim dividends for the first time. Some analysts said these payouts, some as high as 60 per cent, have attracted insurers searching for higher-yielding assets.
