Latest news with #USD30
Yahoo
2 days ago
- Business
- Yahoo
Fusion of Innovation and Financial Intelligence Tiger Brokers (Hong Kong) Celebrates Grand Opening of New Office, Launching New Era of Investor Interaction
HONG KONG, June 3, 2025 /PRNewswire/ -- Tiger Brokers (HK) Global Limited ("Tiger Brokers (HK)"), a leading global online brokerage firm, proudly celebrated the grand opening of its new office today on the 23(rd) floor of Li Po Chun Chambers, 189 Des Voeux Road Central, Hong Kong. This opening marks a significant milestone in the Company's local market development. The new office integrates innovative technology and professional financial services, further solidifying Tiger Brokers' position as a financial technology leader in Asia and demonstrating its long-term commitment and strategic investment in Hong Kong. During the opening ceremony, Wu Tianhua, Founder and Chief Executive Officer of Tiger Brokers, presided over the ribbon-cutting and delivered a speech. He stated: "Tiger Brokers has always been committed to driving financial innovation through technology. Hong Kong, as an international financial hub, possesses superior market depth and professional talent, making it an indispensable part of our global strategic layout. In the first quarter of 2025, our performance in the Hong Kong market was outstanding, with new funded clients averaging over USD30,000 in net deposits, fully validating the market's potential." Also present at the event, John Zeng, Chief Financial Officer of Tiger Brokers, added: "This office upgrade is not just an expansion of our physical space; it represents a comprehensive enhancement of our business model and user experience. Moving forward, the Company plans to increase hiring and further expand the Hong Kong team to support business development and innovation projects, consolidating our leading position in the global fintech brokerage sector." The new office spans nearly 10,000 square feet, integrating core departments including technology R&D, prime brokerage, clearing and trading, customer service, operations, and marketing teams. The design incorporates ESG principles, utilizing energy-saving materials and green lighting. It features a customer interaction experience zone with an open layout to host various investment education activities, including seminars, financial lectures, and high-end client events. Through a combined online and offline investment teaching model, such as market analysis live streams and professional workshops, the office aims to help investors precisely grasp market dynamics and enhance their wealth management capabilities. To celebrate the new office opening, Tiger Brokers (HK) is launching the following limited-time offers: New User Welcome Gift: From today until June 30, 2025, new users who register and open an account can receive a gold ETF stock worth HKD 168. Retention Reward: New users who maintain an asset level of HKD 50,000 for 60 days following account opening will receive an additional HKD 450 trading cash voucher. The Tiger Brokers (HK) team will continue to advance financial technology innovation, including leading innovative projects that merge Web3 and Web2, exploring blockchain technology applications in financial services, and providing customers with safer and more convenient investment tools. This commitment aims to meet diverse customer needs while steering the future direction of the industry. Following the opening, the customer service address and details for Tiger Brokers (HK) are as follows, with the customer service hotline remaining unchanged: Address: 23/F, Li Po Chun Chambers, 189 Des Voeux Road Central, Hong Kong Business Hours: 9:30am-5:30pm (Monday to Friday) Customer Service Hotline: +852 2127 0666 About Tiger Brokers (HK) Tiger Brokers (HK) Global Limited (Central number: BMU940) holds type 1, 2, 4, 5 and 9 licenses of the Securities and Futures Commission. Starting from November 30, 2022, with Tiger Trade, Tiger Brokers' flagship app, Hong Kong users can trade financial products from major markets around the world, such as Hong Kong stocks, warrants, options, US stocks, US fractional shares and ETFs, among others, providing a one-stop solution to their investment needs. In the future, we will continue to expand our trading markets and categories to better serve Hong Kong investors. View original content to download multimedia: SOURCE Tiger Brokers (HK) Global Limited
The Sun
4 days ago
- Sport
- The Sun
Malaysia to host MITAF 2025 in October
MALAYSIA will host the 'Malaysia International Traditional Archery Festival (MITAF) 2025' in Kwasa Damansara, Selangor, for four days from Oct 9 to 12. Traditional Archery Association of Malaysia (TAAM) president Zainurin Osman said an estimated 2,000 participants from 15 countries including Malaysia, Singapore, Indonesia, Thailand, Brunei, Philippines, Korea, Kazakhstan, Turkey, Pakistan and Mongolia are expected to participate in the tournament. 'MITAF 2025 is the first tournament organised by TAAM since its establishment and recognition by the government in 2022, and the response received has been very encouraging. 'A total of nine archers will be selected to represent Malaysia, three each for the male, female and junior categories and they are the winners of the 2025 National Traditional Archery Championship,' he told reporters at Universiti Teknikal Malaysia Melaka (UTeM) Sports Centre here today. He said this when he met at the 2025 National Traditional Archery Championship, which drew more than 700 participants. Commenting further, Zainurin said MITAF 2025 was organised not only to bring together all archers across the country in a prestigious tournament but also as a platform to produce future national traditional archers. 'We expect more than 15,000 spectators and visitors from all over the country to attend the four-day tournament, thus elevating the event of traditional archery to the international level. 'In addition, a total prize of USD30,000 is provided for the winners of the tournament,' he said. In another development, he said that since TAAM was established in 2022, 16 state traditional archery associations have been established nationwide, apart from seven district archery associations and 151 traditional archery clubs. He said that all the associations and clubs under the auspices of TAAM have received approval from the Sports Commissioner of Malaysia. 'The National Traditional Archery Championship is one of the annual events organised by TAAM and this year is the third edition. 'We can see the response among the people of this country, especially the younger generation and young participants, are increasing for traditional archery,' he said.
Zawya
10-02-2025
- Business
- Zawya
GCC among leading emerging-market US Dollar debt issuers, drive global sukuk issuance
Fitch Ratings-Dubai: The Gulf Cooperation Council (GCC) countries will likely continue being among the leading emerging-market (EM) US dollar debt issuers in 2025 and 2026, Fitch Ratings says, along with being some of the largest dollar sukuk issuers and investors globally. They will be driven by government initiatives to develop the DCM, diversification goals, funding deficits and projects, and sizeable upcoming maturities. The GCC DCM crossed the milestone of USD1 trillion outstanding at end-January 2025 (all currencies), up about 10% year-on-year (yoy). GCC banks are likely to issue over USD30 billion of US dollar debt in 2025, and many large GCC corporates are also starting to issue sukuk and bonds to diversify funding. However, the landscape is still fragmented and evolving, with Saudi Arabia and UAE being the most mature markets. No Fitch-rated GCC sukuk or bond defaulted in 2024. Saudi Arabia had the largest share of the GCC DCM outstanding (44.8%), followed by the UAE (29.9%) and Qatar (12.8%), and the balance between Bahrain, Oman, and Kuwait for all currencies. Falling oil prices could lead to further DCM growth as lower government revenues could lead to increased borrowing. Fitch expects lower US Federal Reserve interest rates in 2025, with GCC central banks likely to follow suit, which should create a favourable funding environment. Four out of six GCC sovereigns are investment-grade. The GCC countries accounted for a quarter of all EM US dollar debt issued in 2024 (excluding China), with Saudi Arabia, Turkiye (non-GCC country), and the UAE being the largest EM issuers. GCC US dollar DCM issuance expanded 65.8% yoy in 2024 to USD133.4 billion. New GCC fund passporting regulations could enhance DCM investment opportunities. Sukuk are a significant funding tool, accounting for about 40% of GCC DCM outstanding at end-January 2025, with the rest in bonds. Just over 40% of global sukuk were from GCC countries. About 80% of Fitch-rated GCC sukuk are investment-grade, with about two-thirds in the 'A' rating category, with the remainder mostly split between the AA, BBB, BB and B categories. Most issuers are on Stable Outlooks (92%), and the rest are mainly on Positive. GCC sukuk issuance grew by 43% yoy in 2024 to USD87.5 billion, outpacing bonds (+1.1%). Islamic banks are a large part of the GCC banking system and are key sukuk investors and issuers. The GCC's ESG debt crossed USD50 billion outstanding at end-January 2025, with 44.1% sukuk and the majority in Saudi Arabia and the UAE. ESG-debt issuance was a sizeable part of dollar debt issuance in the UAE (17%) and Saudi Arabia (7.3%) in 2024. ESG debt could help issuers tap demand from ESG-sensitive international investors from the US, Europe and Asia. Saudi Arabia's and the UAE's DCMs are set for growth in 2025. In 2024, Kuwait became the GCC's third-largest dollar debt issuer in 2024, with a total of USD13.6 billion issuances, led by banks. This is despite the absence of the public debt law, which would enable sovereign borrowing. Historically, US dollar issuances from Kuwait have been sporadic and rare, with only USD11.8 billion issued in 2018–2023. Kuwait's new government plans to revise liquidity laws to facilitate capital market borrowing, but the timeline is uncertain. However, challenges persist. The DCM investor base is concentrated in banks and the funding culture remains bank-focused. Local-currency debt issuances by corporates and banks are still rare in most GCC countries, with the exception of Saudi Arabia, whose Riyal market is more developed than peers but still has more room for growth. Sharia complexities, including AAOIFI Standard 62, pose risks for sukuk. The DCM is sensitive to oil, geopolitical, and macroeconomic volatilities. Matt Pearson Senior Associate, Corporate Communications Fitch Group, 30 North Colonnade, London, E14 5GN E:
