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PAAMC HK’s China Green Bond Fund Awarded ESG Fixed Income Fund of the Year (Asia) for Exceptional Performance

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HONG KONG, July 2, 2024 /PRNewswire/ — Ping An of China Asset Management (Hong Kong) Company Limited (“PAAMC HK”), the offshore asset management platform of Ping An Group, is proud to announce that the Ping An of China Asset Management Fund – China Green Bond Fund (the “Fund”) has been named the “ESG Fixed Income Fund of the Year (Asia)” at Environmental Finance’s Sustainable Investment Awards 2024. This marks the third time the Fund has received this prestigious accolade, having also won the award in 2021 and 2023.

According to the judging panel, the Fund was recognized for its strong returns of 5.5%[1] in 2023 – a challenging year for green bond funds – through careful credit selection and by maintaining a relatively defensive portfolio duration of 2.8 years at the end of the year. Over the past 12 months, the Fund has diversified its holdings by increasing exposure to higher-quality regions in North Asia, such as South Korea and Japan, while also increasing the overall portfolio yield to take advantage of higher front-end yields to mitigate end-cycle rate volatility[2].

The Fund has made changes in reference to the EU taxonomy to align closer with major international standards, in addition to using the Climate Bonds Initiative taxonomy as its primary guidepost. As a result, the Fund has reduced exposure to natural gas-related bonds. The judges also noted the Fund’s ongoing commitment to data collection and aggregation at a project and company level, including key metrics such as carbon emissions reduced and renewable energy capacity and generation.

“We are deeply grateful for the recognition.” said Mr. Albert Wang, Head of Capital Markets and CIO of PAAMC HK. “Receiving this award for the third time is a testament to the consistent excellence and impact of the fund. As China has become a major player in green finance, with the world’s second-largest green bond market, Chinese green bonds not only offer higher yields compared to developed market counterparts, but also provide valuable diversification to global bond portfolios. Our investment team’s deep expertise in identifying the highest quality green bonds with attractive yields in this rapidly expanding market has been instrumental in delivering consistent outperformance for our investors, even amidst challenging market conditions.”

The 2024 Sustainable Investment Awards, organized by Environmental Finance, recognize asset managers, analysts and data providers incorporating ESG across all asset classes – fixed income, listed and private equity, debt funds, multi asset funds, infrastructure funds and fund of funds.

About Ping An of China Asset Management (Hong Kong) Company Limited

Ping An of China Asset Management (Hong Kong) Company Limited (“PAAMC HK”) was established in 2006. It is a direct subsidiary of China Ping An Insurance Overseas (Holdings) Limited and a wholly owned subsidiary of Ping An Insurance (Group) Company of China, Ltd. (2318.HK and 601318.SH). It is licensed by the Securities and Futures Commission of Hong Kong (“SFC”) to conduct Type 1 (Dealing in Securities), Type 4 (Advising on Securities) and Type 9 (Asset Management) regulated activities. With strong capabilities in investment research and asset management, PAAMC HK is a leading provider of global investment management solutions in equities, fixed income, ETFs, structured products and alternative assets. For more information, please visit PAAMC HK’s website (asset.pingan.com.hk). (This website has not been reviewed by the SFC). 

[1]Based on Calendar Year Performance of Class S (USD) (UH) (R) in 2023.

[2]Source: Environmental Finance’s Sustainable Investment Awards 2024: https://www.environmental-finance.com/content/awards/sustainable-investment-awards-2024/winners/esg-fixed-income-fund-of-the-year-asia-ping-an-of-china-asset-management-fund-china-green-bond-fund.html

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SOURCE Ping An of China Asset Management (Hong Kong) Company Limited

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Experts from SPS North America to share Best Practices at BFSI Conference Expo

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Business Process Outsourcing experts from SPS, a leading provider of Technology Business Solutions, will share best practices related to business transformation and process automation at the Digital Transformation in BFSI Conference Expo in New York on September 26, 2024

NEW YORK, Sept. 20, 2024 /PRNewswire-PRWeb/ — Business Process Outsourcing experts from SPS will be on hand to share best practices at the Digital Transformation in BFSI Conference Expo in New York on September 26, 2024. SPS is a leading innovative outsourcing provider of Technology Business Solutions that help companies automate workflows, streamline processes, and elevate the customer experience.

Through our Lean Six-Sigma methodologies, SPS helps our banking, financial services and insurance clients analyze workflows and build solutions that leverage automation to reduce cycle time, improve quality, and enhance compliance measures.

The Digital Transformation in BFSI Conference Expo is a focused event that unites professionals, experts, and stakeholders from the banking, financial services, and insurance sectors. Its purpose is to discuss, demonstrate, and examine digital innovations and their impact. The event offers a valuable platform for knowledge exchange, networking, and collaboration between industry leaders and technology providers.

SPS is a technology-driven partner, specializing in transforming back-office operations and enhancing client-focused services for leading organizations with 45% of its current clients in the BFSI sectors. The organization offers tailored Technology Business Solutions, focusing on Data & Business Process Management and providing custom solutions for the Health and BFSI sectors to address their specific challenges.

“At SPS, we understand that digital transformation is a never-ending process,” stated Pamela Tom, Vice President, Solution Design, SPS North America. “Through our Lean Six-Sigma methodologies, we help our banking, financial services and insurance clients analyze workflows and build solutions that leverage automation to reduce cycle time, improve quality, and enhance compliance measures. We look forward to connecting and sharing best practices with attendees of the BFSI Conference.”

With a global network of delivery centers, SPS stands out as a trusted outsourcing partner, offering flexible processing options for onshore, nearshore, and offshore delivery. The team of SPS experts utilize industry best practices and cutting-edge automation technologies to elevate business processes all within a certified high-security environment that safeguards sensitive data.

Explore how SPS can drive growth by implementing innovative, tech-enabled solutions at http://www.spsglobal.com.

About SPS
SPS is a leading technology-driven business transformation company. Our Technology Business Solutions bring together cutting-edge technology, deep vertical process expertise, and a diverse global workforce to support clients in their digital transformation journey and efficiently tackle their most complex challenges. With our innovative Enterprise Workplace Solutions, we empower organizations to adopt hybrid work programs to enhance productivity and flexibility.

Headquartered in Zurich, Switzerland, SPS operates in more than 20 countries and focuses on clients in banking, insurance and health. SPS has more than 8,500 employees and is recognized with a world-class NPS by its global client base.

We act with precision, connect people to the right information, and turn data into insights for better outcomes.

Discover how our dedicated team at SPS makes an impact that matters by visiting http://www.spsglobal.com.
SPS. The Power of Possibility.

Media Contact

Janet Tarzia, SPS North America, 1-212-204-0900, janet.tarzia@spsglobal.com, https://www.spsglobal.com

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SOURCE SPS North America

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INGEEK Recognized in 2024 Gartner Market Guide for Fleet Telematics and 2024 China Hype Cycle for Security

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SHANGHAI, Sept. 20, 2024 /PRNewswire/ — INGEEK, a leading provider of innovative intelligent connected vehicle (ICV) technologies, and its Intelligent Connected System (ICS) and Automotive Digital Key have been featured in Gartner’s Market Guide for Fleet Telematics. This recognition highlights INGEEK’s capability to boost efficiency, ensure safety, and enable sustainability in fleet operations and management.

Revolutionizing Fleet Management with INGEEK ICS/Digital Key
INGEEK’s digital key solution establishes connection between the people and vehicle by digitalizing conventional car key into digital twin, which seamlessly integrates with the broader mobility ecosystem and diverse business scenarios.

Business Process Automation with online key sharing, such as contactless pick-up and return.Digital Key Management simplifies key management, reduces administrative overhead, and mitigates the risk of lost or stolen keys.Data Tracking provides insights to fleet performance and health.Enhanced Driver Satisfaction: Convenient features such as proximity lock/unlock provide a seamless driving experience.

Securing Connected Vehicles with INGEEK’s Trust Center for Automotive
Previously, AUGUST 6, INGEEK’s Trust Center was featured in Gartner’s Hype Cycle for Security’s IoT Authentication technology segment. With IoT connections in China projected to reach 8 billion by 2025, robust IoT authentication is critical to protect connected car business-use cases such as V2X communications, OTA, and Digital Key. The Trust Center leverages PKI to ensure top-tier security.

Remarks from Leadership
“We’re proud to be recognized by Gartner, which is the global authority in providing industry technology advisory and insights to executives,” stated Steven Shan, CEO of INGEEK. “Our intelligent vehicle solutions prompt the next wave of smart mobility transformations, and this inclusion is a signal to how OEMs and automotive players are leveraging advanced digitalization technologies to connect the people and vehicle together.”

“Our Trust Center offers robust and scalable authentication mechanisms to safeguard connected vehicles against security threats,” added Feng Li, INGEEK’s Head of Cybersecurity BU.

“Gartner’s Market Guide coincides with our vision for a more connected, secure, and efficient mobility market,” continued William Yuan, Director of Strategy at INGEEK. “Our solutions are not just about technological advancements; they are strategic initiatives aimed at optimizing operations, reducing costs, and ultimately helping fleet operators to expand their mobility business offerings.”

For more information about INGEEK and its solutions, please visit www.ingeek.com
Media Contact: Ms. Fang at jingneng.fang@ingeek.com
Germany Contact: Professor Sachs at hans-ulrich.sachs@hus-online.com
AP/EMEA Contact: Mr. Yuan at guohao.yuan@ingeek.com

Photo – https://mma.prnewswire.com/media/2509446/20240919104010.jpg

View original content:https://www.prnewswire.co.uk/news-releases/ingeek-recognized-in-2024-gartner-market-guide-for-fleet-telematics-and-2024-china-hype-cycle-for-security-302253355.html

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Niutech at the Forefront: U.S.-China Circular Economy Forum Tackles “White Pollution”

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BEIJING, Sept. 20, 2024 /PRNewswire/ — On September 6, 2024, the inaugural U.S.-China Circular Economy Cooperation Forum was held in Beijing. The forum, guided by the U.S.-China Climate Action Working Group Circular Economy Task Force, was co-organized by the China Circular Economy Association and the US-China Business Council. The forum brought together approximately 460 distinguished guests from the National Development and Reform Commission of China, the U.S. Department of State, the U.S. Department of Energy, and other government departments, as well as industry experts, business representatives and scientific research institutions of the two countries. As the domestic leader in continuous pyrolysis technology, Niutech was invited to attend the forum and gave an insightful speech on the topic of waste plastic recycling, and the issues of ‘white pollution’ that can result from it.

The forum was strategically designed to advance the goals outlined in the U.S.-China “The Sunnylands Statement on Enhancing Cooperation to Address the Climate Crisis”. It aimed to create a collaborative platform for both countries’ business community, social organizations, and research institutions to foster exchanges and drive tangible cooperation in the circular economy. 

Zhao Chenxin, Deputy Director of the National Development and Reform Commission, John Podesta, Senior Advisor to the U.S. President on International Climate Policy, Liu Zhenmin, China’s Special Envoy for Climate Change Affairs, and Nicholas Burns, U.S. Ambassador to China attended the opening ceremony of the Forum and delivered a speech, and Xie Feng, Chinese Ambassador to the U.S., made a video message. Deputy Director Zhao Chenxin said that addressing climate change is a common cause for all mankind and cannot be separated from the cooperation between the two global forces, China and the United States.

At the forum, as the international expert in continuous pyrolysis technology, the corporate representative of Niutech shared the cases of waste plastic chemical recycling projects deployed with international giants BASF and Quantafuel in Denmark, Thailand and other countries. This technology enables the transformation of low-value, mixed, and contaminated waste plastics into high-quality fuel oil. 

The fuel oil derived from this process can undergo further refining into naphtha, a critical raw material in the production of new plastics. This advanced recycling process not only diverts plastics from landfills and the environment but also contributes to a circular economy by turning waste into a valuable resource.

Photo – https://mma.prnewswire.com/media/2510694/Industrial_Continuous_Waste_Plastics_Pyrolysis_Project_Denmark.jpg

View original content:https://www.prnewswire.co.uk/news-releases/niutech-at-the-forefront-us-china-circular-economy-forum-tackles-white-pollution-302254026.html

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