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Ping An Asset Management Up to No. 33 in Top 500 Asset Managers 2024

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HONG KONG and SHANGHAI, June 26, 2024 /PRNewswire/ — Ping An Asset Management Co., Ltd. (PAAMC) is ranked 33rd in the world in Top 500 Asset Managers 2024 list from Investment & Pensions Europe (IPE), up three spots from last year. It is ranked number 3 in Asia. PAAMC, established in 2005, is a subsidiary of Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An“, the “Company” or the “Group”, HKEX: 2318 / 82318; SSE: 601318).

This is the fifth consecutive year PAAMC has been on the list, and fourth consecutive year in the top 50. Entrusted with Ping An’s insurance funds, PAAMC provides comprehensive third-party asset management services and one-stop investment management solutions to domestic and overseas customers. As of December 31, 2023, PAAMC’s assets under management (AUM) amounted to RMB5.03 trillion. In 2023, PAAMC became a signatory of the UN-supported Principles for Responsible Investment (PRI) in the Investment Manager category.

Jacqueline Zhang, Deputy General Manager of PAAMC, said: “This ranking not only helps asset owners such as global pension funds to understand Chinese asset management companies and consider asset allocations in the Chinese market, but also opens the door for cross border cooperation between international asset management companies and Chinese companies. As a comprehensive asset management company with both global perspective and local experience, PAAMC will continue to benchmark itself against top international standards, provide professional and high-quality asset management solutions to customers and partners around the world, and contribute to the long-term prosperity and development of China’s capital market.”

There are 52 Chinese asset management companies included in this year’s IPE ranking, with a total AUM of RMB72.4 trillion as of the end of 2023. The increasing number of Chinese companies and AUM show the strong growth of China’s asset management industry.

IPE is a London-headquartered international media company focusing on institutional investors and pension management. It has earned a strong reputation among global institutional investors and pension fund managers. Each year, IPE assesses insurance, asset management, wealth management subsidiaries and fund management companies around the world and issues reports based on research and publicly available market data. Their reports are seen as the benchmark of the global asset management industry.

About Ping An Group

Ping An Insurance (Group) Company of China, Ltd. (HKEx:2318 / 82318; SSE:601318) is one of the largest financial services companies in the world. It strives to become a world-leading provider of integrated finance, health and senior care services, Under the technology-driven “integrated finance + health and senior care” strategy, the Group provides professional “financial advisory, family doctor, and senior care concierge” services to its 234 million retail customers. Ping An advances intelligent digital transformation and employs technologies to improve financial businesses’ quality and efficiency and enhance risk management. The Group is listed on the stock exchanges in Hong Kong and Shanghai. As of the end of 2023, Ping An had RMB11,583,417 million in total assets. The Group ranked 29th in the Forbes Global 2000 list in 2024 and 33rd in the Fortune Global 500 list in 2023.

For more information, please visit www.group.pingan.com and follow us on LinkedIn – PING AN.

About Ping An Asset Management

Ping An Asset Management Co., Ltd (“PAAMC”), established in 2005, was among the first insurance asset management companies approved by the National Financial Regulatory Administration (formerly known as China Banking and Insurance Regulatory Commission) at that time. It is headquartered in Shanghai with registered capital of RMB1.5 billion. PAAMC not only manages Ping An Group’s insurance funds, but also provides comprehensive third-party asset management services. PAAMC offers diversified one-stop investment management solutions to both domestic and overseas clients. In 2023, PAAMC became a signatory of the Principles for Responsible Investment (PRI) in the Investment Manager category. As of the end of December 2023, PAAMC had RMB5.03 trillion in assets under management, including stocks, bonds, funds, multi-asset allocation, debt and equity stakes on open and non-open capital markets as well as money markets. It has capabilities in cross-market asset allocation and full-spectrum asset investment.

View original content:https://www.prnewswire.com/apac/news-releases/ping-an-asset-management-up-to-no-33-in-top-500-asset-managers-2024-302182972.html

SOURCE Ping An Insurance (Group) Company of China, Ltd.

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COMPUTEX 2025: MiTAC Powers Sustainable AI Data Centers with New Server & Cooling Tech

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TAIPEI, May 24, 2025 /PRNewswire/ — At COMPUTEX 2025, MiTAC Computing Technology Corp., a subsidiary of MiTAC Holdings Corp. (TWSE: 3706), unveiled its bold new vision: from hardware provider to full-solution AI and data center innovator. With future-ready solutions covering AI training and inference, high-performance computing (HPC), rack-level liquid cooling, GPU resource management, and real-time data mobility, MiTAC delivers an integrated platform for next-generation data centers.

Rick Hwang, President of MiTAC Computing, emphasized the company’s commitment to open innovation. By aligning with global tech partners and Open Compute Project (OCP) standards, MiTAC now delivers full-spectrum solutions—from server to rack—featuring advanced liquid cooling technology. This simplifies data center operations and improves computing performance and energy efficiency—all driving the vision of smarter, high-performance, and sustainable infrastructure.

“This marks our first appearance at COMPUTEX since the MiTAC brand integration,” Hwang noted. “We’re excited to bring customers a more open, flexible, and deeply integrated portfolio of solutions—reinforcing our role as a trusted partner for AI and data center innovation worldwide.”

Empowering AI with Sustainability and Real-World Solutions

MiTAC Computing is embracing the future of AI with the theme “Empowering Unlimited Possibilities: AI x Sustainability, spotlighting real-world application and introducing a suite of new solutions designed to enable smarter, greener, and more scalable AI ecosystems.

At COMPUTEX, MiTAC Computing displayed an impressive range of cutting-edge AI inference servers. The spotlight is on the MiTAC G4527G6 (MGX™ 4U), featuring eight latest-generation NVIDIA RTX PRO™ 6000 Blackwell server GPUs, the first-ever debut of the NVIDIA MGX™ PCIe Switch board with ConnectX®-8 SuperNIC, and dual Intel® Xeon® 6767P processors. Additionally, the MiTAC G8825Z5 (8U) is equipped with two AMD EPYC™ 9005 series processors and eight newly revealed AMD Instinct™ 350 series GPUs, designed specifically for generative AI, inference workloads, and large language model processing.

Introducing Full-Rack Liquid Cooling Solutions

MiTAC Computing also introduced its full-rack liquid cooling systems, featuring both Liquid-to-Air and Liquid-to-Liquid cooling options. Showcasing the latest in-row Coolant Distribution Units (CDUs) from top-tier global partners, these systems deliver over 2000 kW of cooling power—engineered for intense thermal demands of AI and HPC workloads. Designed for easy integration and customization, these systems include MiTAC’s own monitoring software for optimized management.

Additionally, MiTAC also debuted its Direct Liquid Cooling (DLC) multi-node HPC server, the MiTAC C2820Z5. Built for extreme high-performance computing, this server’s DLC system efficiently cools high-power CPUs and fits within ORv3 standard racks powered by 48VDC – delivering significant energy savings vs. traditional air-cooling technology.

Partnering with AMD for Next-Gen Performance

On May 21st, MiTAC Computing welcomed long-term partner Ted Marena, AMD GPU Market Development Director, who shared the latest trends in AI GPU development and product offerings between MiTAC and AMD. Ken Lin, Senior Vice President of Commercial Business at AMD Taiwan, remarked, “MiTAC and AMD have continuously launched high-performance server platforms integrating AMD EPYC™ processors with AMD Instinct™ GPUs. We are also actively developing the MI350 GPU series with liquid cooling systems to support even more demanding AI cluster workloads, fully addressing the modern data center’s need for both AI computing power and energy efficiency.”

Rick Hwang added that AI technology is rapidly accelerating. MiTAC is committed to enabling future AI applications with solutions that combine high performance, low power consumption, and intelligent management. By optimizing data center infrastructure, MiTAC aims to assist global customers in advancing efficient and sustainable development in key sectors such as AI, HPC, and cloud computing, promoting the widespread adoption of next-generation AI technologies.

Learn more: https://www.mitaccomputing.com/en/campaign/computex2025

About MiTAC Computing Technology Corp.

MiTAC Computing Technology Corp., a subsidiary of MiTAC Holdings, delivers comprehensive, energy-efficient server solutions backed by industry expertise dating back to the 1990s. Specializing in AI, HPC, cloud, and edge computing, MiTAC Computing employs rigorous methods to ensure uncompromising quality not just at the barebone level but, more importantly, at the system and rack levels—where true performance and integration matter most. This commitment to quality at every level sets MiTAC Computing apart from others in the industry. The company provides tailored platforms for hyperscale data centers, HPC, and AI applications, guaranteeing optimal performance and scalability.

With a global presence and end-to-end capabilities—from R&D and manufacturing to global support—MiTAC Computing offers flexible, high-quality solutions designed to meet unique business needs. Leveraging the latest advancements in AI and liquid cooling, along with the recent integration of Intel DSG and TYAN server products, MiTAC Computing stands out for its innovation, efficiency, and reliability, empowering businesses to tackle future challenges.

Website: https://www.mitaccomputing.com/

 

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SOURCE MiTAC Computing Technology Corp.

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“Made-in-Shanghai” Blossoms in Umeda, Celebrating Creativity & Innovation

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OSAKA, Japan, May 24, 2025 /PRNewswire/ — As the Chinese solar term “Grain Buds” kicked in, a fashion summer breeze carried “Made-in-Shanghai“, an official five-day multi-format event, exhibition and forum series created by Shanghai, to Grand Green Osaka of Umeda, north of JR Osaka Station, the largest transportation hub and a super popular commercial destination in Japan.

This is not just a showcase of Shanghai’s fashion superpower, but an intimate encounter of Shanghai’s fashion ecosystem with local visitors. As FANG Wei, China’s Vice Consul General in Osaka remarked at the event’s grand opening on May 21st, “Made-in-Shanghai” took the ShanghaiOsaka ties to a new level through showcasing tech-savvy and Shanghai-style fashion, beauty and creative products to local and international visitors, while fostering business cooperation amidst the shift from “Made-in-China” to “Created-in-China“.

This overseas debut of Shanghai’s fashion and beauty parks and communities appeals greatly to Osaka’s business community. CREATER, a Shanghai-based property operator shared the experience of transforming the historic Yuyuan Road into a fashion and creative hub, featuring worldwide launches of products and a shining cluster of creative companies. Likewise, Fengxian District’s Oriental Beauty Valley, hailed as China’s beauty and cosmetic industry capital, stunned discerning Japanese consumers with leading Chinese beauty brands and innovation.

As an intimate encounter with Shanghai lifestyle, the Public Open Days attracted KOLs and Japanese consumers to a China market with fashion, home furnishings, beauty products, and even a tea-sake oriental tea house. Shanghai Chicmax exhibited its new products and introduced its Japanese R&D center and factory. Shanghai brand “nice rice” offered to consumers simple-lifestyle apparels. Hankyu Department Store opened “WINDow of EAST” pop-up stores with works from six Chinese young designers, curated by Shanghai Fashion Designers’ Association.

The event went deeper to a “Shanghai-Osaka Forum”, featuring a panel on “Evolution of Consumer Culture”, consisting of WWD China chief content officer, founders of Herbeast and RichandRare Jewellery, Confis’ senior partner and a journalist from WWD Japan. Another forum delved deep into sustainable urban renewal and green design, a common challenge for Shanghai and Osaka, featuring Dezeen’s China editor, famous Japanese architects, Aedas’s global design principal and UNS’s director.

The event is guided by China’s Ministry of Industry and Information Technology, hosted by Shanghai Commissions of Economy & Informatization and Commerce, and Administration for Market Regulation, and executed by Commission of Commerce in Changning District, Shanghai Design Week, Shanghai Fashion Designers’ Association and the Paper.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/made-in-shanghai-blossoms-in-umeda-celebrating-creativity–innovation-302464723.html

SOURCE the Paper

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The Great Reset, the First Photorealistic AI Film Makes History at the Cannes Film Festival

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The film produced entirely with artificial intelligence positions Spanish filmmaker Daniel H. Torrado as a pioneer in a new era of cinema.

CANNES, France, May 23, 2025 /PRNewswire/ — Following its screening at the European Film Market of the Berlin International Film Festival (Berlinale) last February, the apocalyptic sci-fi thriller ‘The Great Reset’ has been presented at the Cannes Film Festival’s Marché du Film. It is the first time that a feature film created with artificial intelligence (AI) has been presented at the world’s leading professional film market, where it has aroused significant interest among distributors and specialised media.

The work, written and directed by award-winning filmmaker Daniel H. Torrado, is both a narrative and technological milestone and positions the Spanish filmmaker as a pioneer in a new era of cinema.

The innovative impact of ‘The Great Reset’ has been recognised by the prestigious specialist magazine The Hollywood Reporter, which dedicated in its special edition on the Cannes Film Festival an article entitled ‘Spain tests the waters of artificial intelligence’. The article highlights the pioneering role of the film and especially Torrado’s participation in the advances of artificial intelligence in the audiovisual field.

It is a production of the companies Virtual World Pictures and Canary Film Factory.

The project began in 2023 with the writing of the script. Over the last year, the AI workflow has been designed and optimised, including fine-tuning of the models, to ensure full control over the creativity of the material generated. Although the entire film was computer generated, and all sets and characters were created digitally, some scenes used actors as reference for acting and dubbing.

AI was involved in all stages of production and post-production, from image and animation generation to sound design, but always with human supervision.

“We are very proud to present The Great Reset at the Cannes Film Festival’s Marché du Film, a space where the most innovative ideas in contemporary cinema converge. It will undoubtedly be a key impulse to introduce the world to this story that explores not only the narrative potential of AI, but also its ability to transform the film industry,” said Torrado.

In the film, an artificial intelligence, created from the mind of an unscrupulous hacker, sets in motion an apocalyptic plan to destroy the world in order to save the only person he has ever loved: his daughter. Faced with the collapse of humanity and the echoes of a broken past, Emma embarks on a desperate race to save the world.

Trailer: https://vimeo.com/1082697453/30033a63b9

Media Contact:
Jose Hernandez, Virtual World Pictures
***@virtualworldpictures.com
+34 604 96 44 72

Photos:
https://www.prlog.org/13076582

Press release distributed by PRLog

View original content:https://www.prnewswire.com/news-releases/the-great-reset-the-first-photorealistic-ai-film-makes-history-at-the-cannes-film-festival-302464613.html

SOURCE Virtual World Pictures

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