News related to
Chinese

Enflame’s shares closed 179 per cent above their initial public offering price on the STAR Market, lifting the company’s market value to about 171 billion yuan from 61.2 billion yuan at the offer price. The Tencent-backed company raised 6.12 billion yuan by selling 43.04 million new shares at 142.18 yuan each.

The surge came despite Enflame having never reported an annual profit since its establishment in 2018. Its 2025 revenue reached 990.2 million yuan while its net loss narrowed to about 1.2 billion yuan. The company has forecast revenue of 2.3 billion yuan to 3 billion yuan for the first nine months of 2026, alongside a net loss of 700 million yuan to 860 million yuan.

Revenue has expanded quickly from 301 million yuan in 2023 and about 722 million yuan in 2024, but losses have remained substantial as the company spends heavily on research and product development. Enflame recorded net losses of about 1.67 billion yuan in 2023 and 1.51 billion yuan in 2024 before narrowing the deficit last year, underscoring how far commercial growth has run ahead of earnings for the company.

Enflame said in its prospectus that it expects to reach break-even or profitability in 2026 or 2027. It plans to direct much of the IPO proceeds towards development and industrialisation of fifth- and sixth-generation artificial-intelligence chips, software and large-scale computing systems.

The company’s rapid revaluation also highlights the unusual economics of China’s artificial-intelligence chip boom. Investors have rewarded several young semiconductor groups whose sales are expanding quickly but whose research spending remains heavy and earnings records are limited or negative.

Moore Threads Technology, another Shanghai-listed graphics processor developer, created several billionaires after its market debut in December 2025, when its shares rose more than fourfold. Founder and chairman Zhang Jianzhong, a former head of Nvidia’s China operations, was valued at several billion dollars after the listing, while co-founders Zhang Yubo and Wang Dong also crossed the billionaire threshold based on their holdings.

MetaX Integrated Circuits produced a similar outcome after its Shanghai flotation. Chairman and chief executive Chen Weiliang, who previously worked at Advanced Micro Devices, became a billionaire as investors pushed the company’s valuation sharply higher despite continuing operating losses. Early investor Ge Weidong also joined the billionaire ranks through his stake.

The valuations reflect expectations that domestic chipmakers will capture a larger share of China’s fast-growing demand for artificial-intelligence computing as access to the most advanced US-designed processors remains constrained. Domestic producers are competing to supply cloud companies, data centres and developers running large language models, recommendation engines and other computing-intensive services.

Enflame’s commercial position, however, remains unusually concentrated. Tencent is its largest shareholder, with a 17.95 per cent stake after the offering, and sales linked to the technology group accounted for 83.79 per cent of Enflame’s 2025 revenue. The concentration gives Enflame a major anchor customer but also leaves its growth closely tied to purchasing decisions by one group.

The company employed about 860 people as of September 2025, according to disclosures compiled from its listing materials. Founded by former AMD executives Zhao Lidong and Zhang Yalin, Enflame develops accelerator chips, add-on cards, computing systems and software for artificial-intelligence training and inference in data centres.

Only 17.9 million shares, equivalent to 4.16 per cent of Enflame’s enlarged share capital, were freely tradable at the start of trading, limiting the initial public float and potentially amplifying price swings. The retail portion of the offering attracted thousands of times more demand than the shares available.

Passenger-car exports reached more than 6.2 million units between January and August, according to the China Association of Automobile Manufacturers, already topping the roughly 6.04 million passenger vehicles exported during 2025. August shipments alone climbed 67.1% from a year earlier to about 890,000 units.

The milestone highlights how overseas demand has become an increasingly important outlet for China’s automotive manufacturing capacity while its home market weakens. Domestic passenger-car sales fell sharply in August, even as manufacturers pushed record volumes into foreign markets.

Exports of passenger vehicles measured by the China Passenger Car Association rose 77.5% year on year in August to 894,000 units. The association’s figures, compiled on a different basis from those of the broader industry group, also showed particularly rapid growth in exports of battery-electric and plug-in hybrid vehicles, which rose 154.7% from a year earlier.

China’s wider vehicle export sector has expanded at a pace well above expectations set at the start of the year. Total vehicle exports exceeded one million units in a single month for the first time in June and remained above that level in July. The first half alone produced 5.096 million vehicle exports, up 65.3% from a year earlier.

New-energy vehicles have supplied much of the increase. Exports of such vehicles reached 553,000 units in July, up about 150% year on year, after crossing 500,000 for the first time in June. During the first seven months, China exported 2.909 million new-energy vehicles, more than double the level a year earlier.

Conventional fuel vehicles also continued to contribute. July exports of petrol and diesel vehicles totalled about 490,000 units, up 40% from a year earlier, showing that the overseas expansion is not confined to electric models.

The surge has pushed full-year expectations higher. S&P Global Ratings expects China’s passenger-vehicle exports to grow by roughly 50% to 70% this year. The China Passenger Car Association has projected overall vehicle exports could reach about 12 million units in 2026 if the current pace is sustained.

That trajectory would place exports far above the industry’s own initial forecast. CAAM said in January that it expected total vehicle exports of about 7.4 million units this year, an increase of just 4.3% from 2025, when all vehicle exports exceeded seven million.

Manufacturers are increasingly relying on international markets as sales at home come under pressure from softer consumer demand and intense price competition. BYD and Geely have been among the companies reporting record overseas deliveries, while other producers are accelerating plans to sell or manufacture vehicles outside China.

Europe, Latin America, Southeast Asia, the Middle East and Africa have become major destinations as companies diversify away from markets where tariffs are high. Chinese-built electric vehicles face additional duties in the European Union, while access to the United States remains constrained by steep tariffs and regulatory barriers.

Automakers have responded by building assembly plants and manufacturing bases abroad, a strategy that can reduce shipping costs, shorten delivery times and, depending on local rules, limit exposure to import duties. Several groups are also expanding dealer networks and adapting models to local safety, software and charging requirements.

Beijing has sought to curb practices it says could damage the industry’s overseas reputation. Authorities and industry bodies have urged manufacturers to avoid destructive price competition and disorderly exports as the scale of shipments rises, while companies have pledged to comply with guidance aimed at maintaining fair competition.

The automotive boom is also visible in China’s broader trade figures. Customs data showed the value and volume of car exports both increased by more than 50% during the first eight months, helping lift total goods exports by 14.6% in yuan terms from a year earlier.

Advancing low-altitude economy development across the Belt and Road regions

HONG KONG SAR – Media OutReach Newswire – 10 September 2026 – HKT (SEHK: 6823) – PCCW Global, the international telecommunications service provider under HKT, and Harmony Tech Innovation signed a Memorandum of Understanding (MoU) at the 11th Belt and Road Summit to jointly promote the low‑altitude economy across the Belt and Road regions, facilitating Chinese enterprises and innovative technologies as they expand overseas.

PCCW Global plans to leverage its global communications networks and international market resources, together with Harmony Tech Innovation’s low-altitude airspace traffic management technology, to explore and promote low‑altitude airspace traffic management solutions and related smart city solutions in Belt and Road markets. The collaboration will also explore applications in areas such as transportation, logistics, and emergency rescue, to support the development of smart cities and the low-altitude economy in local markets.

Frederick Chui, CEO of PCCW Global, said: “The low-altitude economy is a strategically important emerging industry for the nation, and also a key direction for developing new quality productive forces. As countries along the Belt and Road accelerate urban development, demand for low-altitude airspace management and communications technologies continues to grow. PCCW Global is ready to further extend our network capabilities into the low‑altitude economy, providing efficient and reliable communications support for low‑altitude airspace traffic management. In collaboration with Harmony Tech Innovation, we will help bring Chinese innovative technologies to the global market, and support the advancement of smart cities and the digital economy along the Belt and Road.”

Jacqueline Kang, Chairman, Harmony Tech Innovation said: “Communications networks and management systems are critical foundations for the low-altitude economy. We are delighted to collaborate with PCCW Global, combining our digital management capabilities with PCCW Global’s extensive communications networks to provide robust support for low-altitude operations. Looking ahead, we look forward to continuing our collaboration, driving the practical application of low-altitude technologies, and seizing opportunities in overseas markets.”

Harmony Tech Innovation is a global leading provider of low-altitude airspace traffic management and unmanned aerial vehicle ecosystem, focusing on low‑altitude economy and 3D low‑altitude traffic management platform. Its “Low Altitude Airspace Coordination and Service System”, launched in Zhuhai in 2024, is interconnected with China’s Unmanned Aircraft Integrated Management Platform and offers capabilities including regional remote low‑altitude surveillance, centimetre‑level satellite positioning, providing data support for smart city management and laying the foundation for the development of the low-altitude economy in the Greater Bay Area.

PCCW Global’s network infrastructure spans five continents and is backed by extensive international operational experience, enabling it to actively help drive the overseas expansion of China’s advanced technologies. PCCW Global delivers customised network solutions for low‑altitude economy scenarios, supporting real‑time data transmission and the management of low‑altitude aircraft.

Hashtag: #HKT #PCCWGlobal

The issuer is solely responsible for the content of this announcement.

About PCCW Global

PCCW Global is a leading digital infrastructure provider, empowering businesses with agile, scalable and secure connectivity solutions. By combining a best-in-class network with our award-winning on-demand platform Console Connect, we help businesses navigate the network complexities of the digital world with ease. With extensive reach across international markets, we make it simple to connect and move data between clouds, apps, data centres and devices. At the core of our business is a belief that automated, high-performance network infrastructure has the power to elevate business and society. For more information, visit www.pccwglobal.com.

Growth reflects Prudential’s continued investment in adviser development and career progression

HONG KONG SAR – Media OutReach Newswire – 10 September 2026 – Prudential plc (“Prudential”) has retained its No. 2 position among multinational companies in the 2026 Million Dollar Round Table (MDRT) rankings. First-time qualifiers increased 14 per cent year-on-year, reflecting continued momentum in Prudential’s agency business and the impact of its strategy to build a more professional and productive agency force across Asia and Africa.

This momentum is reflected across Prudential’s markets:

• Indonesia has held the No. 1 in-country ranking for more than a decade and continues to have the largest number of MDRT members in the market.
• Hong Kong climbed three places in MDRT rankings to No. 3 globally and No. 2 in-country, with the second-highest number of Top of Table (TOT) and Court of Table (COT) qualifiers.
• Singapore ranked No. 1 in-country for TOT qualifiers, with an 83.8 per cent MDRT member retention rate, and sits in the global top three. It also led the 2026 MDRT Culture of Excellence Awards, with 29 Agency Leader award recipients from a total of 68 winners worldwide.
• In Africa, Prudential remains the only insurer represented in the MDRT Global Top 100 company rankings in the last three years, with Nigeria and Ghana each ranked No. 1 in-country.
• In the Chinese Mainland, Prudential grew MDRT qualifiers 40 per cent year-on-year in the first half of 2026.

Prudential’s base of quality producers is driving year-on-year double-digit growth in new business profit per MDRT agent, as reported in its 2026 Half Year Results.

Pankaj Banerjee, Group Chief Agency Officer, Prudential plc, said: “Our agency transformation is gathering pace, and our direction is clear: we are building a higher-quality, more professional and more productive agency force, equipped to deliver the trusted advice our customers increasingly need, at every stage of their lives. The continued growth in first-time MDRT qualifiers reflects the progress we are making and the commitment of our advisers, agency leaders and colleagues to raising professional standards across the industry.”

As customer needs become more complex, particularly in health, protection and wealth planning, the demand for trusted, high-quality advice is rising. For Prudential, upholding agency excellence is about providing advisers access to learning, role models, communities and opportunities that help them progress and deliver better outcomes for customers.

This commitment is reflected in Prudential’s long-standing partnership with MDRT, which gives advisers access to a global professional community, learning opportunities and standards of excellence. At every stage of the adviser journey, Prudential continues to invest in attracting high-quality talent, strengthening capabilities and productivity. This includes equipping advisers with deeper wealth planning capabilities, insights and AI-enabled tools to meet evolving customer needs and drive sustained MDRT growth.

To accelerate this progress, Prudential recently established the MDRT Advisory Council, a Group-wide platform bringing together leading producers in 11 agency markets to share best practices, accelerate adviser growth and support advisers in their professional progression across the force.

Prudential’s commitment to adviser development was also reflected at the 2026 MDRT Global Conference in Sydney, where it was recognised as MDRT Premier Sponsor and joined by 400 of its advisers and agency leaders from across different markets.

As MDRT approaches its 100th anniversary, Prudential looks forward to continuing its partnership with MDRT with a focus on expanding development pathways, raising professional standards, and supporting the next generation of advisers to achieve their full potential.

Hashtag: #Prudentialplc

The issuer is solely responsible for the content of this announcement.

About Prudential plc

Prudential provides life and health insurance and asset management in Greater China, ASEAN, India and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (HKEX: 2378) and the London Stock Exchange (LSE: PRU). It also has a secondary listing on the Singapore Stock Exchange (SGX: K6S) and a listing on the New York Stock Exchange (NYSE: PUK) in the form of American Depositary Receipts. It is a constituent of the Hang Seng Composite Index and is also included for trading in the Shenzhen-Hong Kong Stock Connect programme and the Shanghai-Hong Kong Stock Connect programme.

Prudential is not affiliated in any manner with Prudential Financial, Inc. a company whose principal place of business is in the United States of America, nor with The Prudential Assurance Company Limited, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

www.prudentialplc.com/

By K Raveendran India has spent the past four years demonstrating that energy security can sometimes be protected by refusing to choose sides. Russian crude offered discounts when Western sanctions rearranged the global oil market, Gulf producers remained indispensable despite the new relationship with Moscow, and purchases from the United States and other distant suppliers […]

The article India’s oil cushion faces two-front squeeze amidst Trump’s tariff threat appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Expanding satellite and hybrid IoT connectivity services across the Belt and Road Regions

HONG KONG SAR – Media OutReach Newswire – 9 September 2026 – HKT (SEHK: 6823) – PCCW Global, the international telecommunications service provider under HKT, and Druid Technology Co., Ltd. (Druid Technology), a Chinese mainland provider of intelligent IoT solutions, today signed a Memorandum of Understanding (MoU) at the 11th Belt and Road Summit in Hong Kong. Under the MoU, the two companies plan to jointly deliver one-stop IoT solutions that combine satellite and hybrid connectivity in the Chinese Mainland, Hong Kong, Macao, and Belt and Road regions.

As a provider of intelligent IoT terminals and solutions, Druid Technology will leverage its expertise in device design, multi-network adaptation, data processing and platform integration, together with PCCW Global’s worldwide network services including roaming and cellular IoT to deliver one-stop, ready-to-deploy IoT solutions based on satellite and hybrid (satellite and cellular) connectivity. These solutions will support IoT applications such as remote tracking and monitoring for sectors including transportation, logistics, livestock farming and environmental management in remote locations and areas beyond the reach of conventional terrestrial networks.

Frederick Chui, CEO of PCCW Global, said: “PCCW Global is committed to delivering reliable connectivity and technology solutions through our extensive global network infrastructure. We are delighted to collaborate with Druid Technology and combine its expertise in intelligent IoT solutions with our own capabilities to strengthen our offering of one-stop IoT solutions for enterprise customers in both public and private sectors. Through this collaboration, we look forward to advancing the adoption of satellite and hybrid IoT solutions across Belt and Road markets, helping to meet the growing demand for reliable IoT connectivity and end-to-end solutions in remote and cross-border environments.”

Li Guozheng, Founder and CEO of Druid Technology, said: “We are pleased to become an integrated solutions provider for PCCW Global. By combining Druid Technology’s full-stack capabilities in intelligent IoT terminals, multi-system integration and physical world AI with PCCW Global’s leading global network infrastructure, we will provide customers with more comprehensive one-stop IoT solutions. We believe this collaboration will enable customers to deploy intelligent IoT applications more quickly and reliably, even in remote locations and other challenging environments.”

The solutions will cover terminal devices, network connectivity, data management and technical support. Leveraging its extensive global operational experience, PCCW Global will help accelerate the deployment of the solution across Chinese Mainland, Hong Kong, Macao, the Belt and Road regions and global markets.

Hashtag: #HKT #PCCWGlobal

The issuer is solely responsible for the content of this announcement.

About PCCW Global

PCCW Global is a leading digital infrastructure provider, empowering businesses with agile, scalable and secure connectivity solutions. By combining a best-in-class network with our award-winning on-demand platform Console Connect, we help businesses navigate the network complexities of the digital world with ease. With extensive reach across international markets, we make it simple to connect and move data between clouds, apps, data centres and devices. At the core of our business is a belief that automated, high-performance network infrastructure has the power to elevate business and society. For more information, visit www.pccwglobal.com.

The annual GII ranking evaluates innovation activity through three core metrics: international patent filings via WIPO’s Patent Cooperation Treaty (PCT), scientific publications and the number of venture capital deals. For this year’s ranking, the Shenzhen-Hong Kong-Guangzhou cluster filed 2,259 PCT applications, published 4,060 scientific articles and had 138 venture capital deals, all per 1 million inhabitants over the past five years.

Welcoming the announcement, a spokesman for the Hong Kong Special Administrative Region (HKSAR) Government said the ranking reaffirms the outstanding innovative capacity and the innovation and technology (I&T)-supporting financing ecosystem of the GBA.

“Expediting I&T development has been a policy priority of this Government,” the spokesman added, highlighting the HKSAR Government’s continuous development of the original grant patent system and introduction of the patent box regime, which offers tax concessions for intellectual property income to promote innovation.

The HKSAR Government’s strategic investments are already yielding tangible results. The number of start-ups in Hong Kong has surged from over 1,500 in 2015 to more than 5,200 in 2025. The city’s two I&T flagships—Hong Kong Science Park and Cyberport—have collectively nurtured around 20 unicorns to date.

A landmark development in this trajectory is the official opening of the Hong Kong Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone (the Loop Hong Kong Park) in December 2025. Over 100 technology enterprises and institutions have already signed leases and begun moving in. The Loop Hong Kong Park is poised to serve as an important platform for basic scientific research, commercialisation, pilot production, and international I&T collaboration within the GBA.

Furthermore, the establishment of the San Tin Technopole Company Limited in June 2026 is set to develop 210 hectares of I&T land in the San Tin Technopole, which is located in Hong Kong’s Northern Metropolis development. It will create a vital node for integrated upstream, midstream and downstream industrial development, alongside the Loop Hong Kong Park.

Hong Kong’s financial machinery remains a cornerstone of its innovation success. The city boasts a vibrant private equity market with assets under management nearing US$250 billion, ranking second in Asia after the Chinese Mainland.

Looking ahead, Hong Kong will proactively align its strategy with the National 15th Five-Year Plan to fortify its position as an international I&T centre. The city will also further deepen collaboration with GBA sister cities, and contribute to the nation’s efforts in building a modern industrial system and achieving high-level scientific and technological self-reliance and strength.

Hashtag: #HongKong #Shenzhen #Guangzhou #InnovationCluster #Top #GBA #I&T

https://www.brandhk.gov.hk/
https://www.linkedin.com/company/brand-hong-kong/
https://x.com/Brand_HK/
https://www.facebook.com/brandhk.isd
https://www.instagram.com/brandhongkong

The issuer is solely responsible for the content of this announcement.

The honors were presented at the award ceremony celebrations in Singapore on September 8, 2026. The five award-winning restaurants at Melco representing the pinnacle of fine dining excellence include:

• Jade Dragon (City of Dreams) was honored with the highest distinction Black Diamond recognition. Creating culinary masterpieces that set the standard for gastronomic excellence in Macau and beyond, Jade Dragon is the only Chinese restaurant in the world awarded with MICHELIN three stars and Black Pearl three diamonds.
• Alain Ducasse at Morpheus (City of Dreams) captured the distinguished Diamond accolade for its legendary French classics. Alain Ducasse at Morpheus is honored with MICHELIN two stars and Black Pearl one diamond.
• Yí (City of Dreams) garnered the prestigious Platinum status for its innovative Chinese cuisine. The Black Pearl one-diamond restaurant distills Chinese gastronomy to its essence in a creative take on seasonal dining through its signature dishes.
• Sushi Kinetsu (City of Dreams) was awarded the Platinum status for its outstanding authentic Edomae sushi craftsmanship. It holds MICHELIN one star and Black Pearl one diamond.
• Pearl Dragon (Studio City) attained the Platinum status. The MICHELIN-starred restaurant fuses modern flair with timeless Cantonese tradition for an exquisite dining experience. Crafted from the finest seasonal ingredients, Pearl Dragon’s dishes are rooted in Cantonese culinary traditions and masterfully infused with Chaozhou essence.

Mr. Lawrence Ho, Chairman & CEO of Melco, said, “Achieving five major honors at the tenth anniversary of the Trip.Gourmet Awards is a great testament to our unwavering commitment to world-class hospitality. This milestone belongs entirely to our extraordinary culinary and F&B team colleagues. Their continued dedication, creativity and tireless pursuit of excellence ensure that every guest enjoys an unforgettable journey with us. I am deeply thankful to our team for their hard work and passion. We look forward to working together to continue driving forward Macau’s reputation as a global culinary destination.”

Hashtag: #Melco #TripGourmet #JadeDragon #AlainDucasseAtMorpheus #Yi #PearlDragon #SushiKinetsu #CityOfDreamsMacau #StudioCityMacau

https://www.melco-resorts.com
https://hk.linkedin.com/company/melco-resorts-entertainment
https://x.com/MelcoResorts
https://www.facebook.com/MelcoCSR/
Wechat: 新濠博亚娱乐

The issuer is solely responsible for the content of this announcement.

About Melco Resorts & Entertainment Limited

The Company, with its American depositary shares listed on the Nasdaq Global Select Market (Nasdaq: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates City of Dreams (www.cityofdreamsmacau.com) and Altira Macau (www.altiramacau.com), integrated resorts located in Cotai and Taipa, Macau, respectively. Its business also includes the Mocha Clubs (www.mochaclubs.com), the only non-casino based operation of electronic gaming machines in Macau. In addition, the Company operates Studio City (www.studiocity-macau.com), a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, the Company operates and manages City of Dreams Manila (www.cityofdreamsmanila.com), an integrated resort in the Entertainment City complex in Manila. In Europe, the Company operates City of Dreams Mediterranean, an integrated resort in Limassol, in the Republic of Cyprus (www.cityofdreamsmed.com.cy) and licensed satellite casinos in other cities in Cyprus (the “Cyprus Casinos”). In South Asia, the Company operates the casino and manages the Nüwa hotel at City of Dreams Sri Lanka (www.cityofdreamssrilanka.com), an integrated resort in Colombo, Sri Lanka. For more information about the Company, please visitwww.melco-resorts.com.

The Company is majority owned by Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, which is in turn majority owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.

The government is seriously evaluating Huawei’s AI accelerators for the initiative, although no final procurement decision has been announced and the number of chips under consideration remains unclear. The project would be operated by state-linked Telekom Malaysia, which was selected through a public tender and already works with Huawei on cloud infrastructure.

The deliberations put Malaysia at the centre of a widening contest between Washington and Beijing over the technology underpinning artificial intelligence. US officials have warned that use of Huawei’s Ascend 910C could violate American export-control rules, while Malaysia has maintained that technology decisions should serve its national interests and comply with applicable laws.

Huawei’s 910C is the company’s flagship AI accelerator currently available at scale. Malaysia is considering that product rather than the newer Ascend 950 series, which remains in limited production. Huawei has sought to expand sales of its AI systems beyond China as US restrictions continue to limit its access to advanced foreign semiconductor manufacturing technology.

Telekom Malaysia’s existing AI computing service uses Nvidia processors, highlighting the competing technology options facing Kuala Lumpur. The government is also discussing another tender process that could give Nvidia and other US suppliers a more direct opportunity to compete for the sovereign AI contract.

Prime Minister Anwar Ibrahim has repeatedly argued that Malaysia should build domestic technological capability rather than remain solely a consumer of systems developed overseas. His government formally established AI Malaysia Berhad under the Digital Ministry in July to lead its ambition of becoming an “AI Nation” by 2030 and to strengthen national AI development, governance and deployment.

Sovereign AI has become particularly important to the government because the proposed infrastructure is intended to process information that could include sensitive government, military and intelligence material. Kuala Lumpur wants such data to remain within Malaysia, reducing dependence on foreign-controlled computing environments and giving national institutions greater authority over storage and access.

Anwar has also questioned the implications of the US Cloud Act, which allows American courts in specified circumstances to compel US technology companies to provide electronic data even when it is stored abroad. Speaking to university students in April, he described the law as unreasonable while acknowledging the difficulty of challenging Washington on the issue.

US officials have raised separate security concerns about Huawei equipment being used to handle intelligence-related material, including information supplied by foreign governments. A State Department spokesperson said secure technology was essential to economic prosperity and warned that suppliers susceptible to government manipulation could pose risks to critical infrastructure, privacy, intellectual property and national security. The statement did not name China or Huawei.

Malaysia’s National Security Council officials are expected to visit Washington later this month for discussions that will include the technology issue. The talks come as the United States promotes American AI hardware, software and applications across developing markets and considers government-backed financing packages to strengthen the international position of US suppliers.

The current evaluation follows an earlier controversy in May 2025, when a deputy communications minister said a Malaysian AI initiative would deploy 3,000 Huawei Ascend chips. Her remarks were withdrawn shortly afterwards, and the Investment, Trade and Industry Ministry clarified that the project concerned was privately driven, not endorsed or coordinated by the government.

At the time, the ministry said any government AI infrastructure programme would require legal, operational and reputational due diligence. It also reaffirmed Malaysia’s commitment to applicable export-control laws while asserting the country’s sovereign right to formulate policy according to national interests.

Malaysia’s National AI Action Plan for 2026-2030 calls for responsible adoption, stronger domestic capabilities and globally competitive locally developed solutions. The programme links AI deployment to economic productivity, public-sector transformation and governance, placing infrastructure choices within a strategy.

GUANGZHOU, CHINA – Media OutReach Newswire – 7 September 2026 – On September 7, Huawei officially unveiled the latest addition to its tri-fold lineup, the HUAWEI Mate XT 2 | ULTIMATE DESIGN. As the first smartphone to feature the LogicFolding Tau (τ) Chip, HUAWEI Mate XT 2 | ULTIMATE DESIGN marks the chip’s official entry into mass commercialization.

The phone debuts with a wing-like tri-fold design, continuously pushing the boundaries of ultimate aesthetics, craftsmanship, and innovation. It is the first device powered by the Kirin 9050 Pro chip and introduces several industry-first features and experiences, including the Xuanwu Ultra-Durable Tri-Fold Architecture, Smart Shield Privacy Screen, True-to-Color Camera 3.0, and the HarmonyOS 7 large-screen experience. As the pioneer of tri-fold phones, this new generation once again redefines the extraordinary.

The new HUAWEI Mate XT 2 | ULTIMATE DESIGN features a wing-like tri-fold design that opens from both sides, offering a more intuitive unfolding experience. The design philosophy draws on Chinese aesthetics, with a cloud pattern on the back panel created using Brocade Cloud craftsmanship. It is available in three colors: Purple, White, and Black. The camera ring inherits the iconic Star Diamond Glow design, crafted from Yttrium Crystal and fired at 1,800°C. Combining gemstone design and cutting techniques, it undergoes eight steps of fine polishing to form 33 star diamond facets, delivering a dazzling gemstone-like luster.

The device features the Xuanwu Ultra-Durable Tri-Fold Architecture, which re-engineers the hinge and screen technology for layered protection from the inside out. It is the first tri-fold phone to support IP58/59 dust and water resistance. The cover screen, made of Xuanwu Kunlun Glass, resists daily scratches and impacts with ease. It also features anti-glare technology, ensuring clear visibility even under direct sunlight. The main screen uses a multi-layer composite ultra-tough structure, including a large UTG glass layer, aerospace-grade ultra-thin high-strength steel, and a carbon fiber support layer, providing robust impact resistance. The Advanced Precision Hinge System 2.0 employs a 5 curved arm structure and a synchronized linkage mechanism for even force distribution and reliable pressure resistance.

Ultimate Performance: Kirin Chipset, a Leap in Power

The HUAWEI Mate XT 2 | ULTIMATE DESIGN is the first to feature the Kirin 9050 Pro chip, delivering a dual leap in performance and energy efficiency. Through deep collaboration between hardware, software, chips, and cloud, overall device performance is improved by 42% compared to the previous generation. The LinxiCore CPU, combined with the Ultra-smooth HUAWEI Ark Engine, enables faster loading of large files and superior performance when running multiple apps or multitasking. The Maleoon GPU features doubled computing units and cache, significantly enhancing rendering performance. In gaming scenarios, it supports 50 MRPS hardware-level real-time ray tracing, delivering a more immersive and realistic experience. The HUAWEI Da Vinci Architecture NPU brings a leap in on-device AI computing power, supporting large models of various sizes. For the first time in the industry, it natively supports the Pangu 30B-A2B MoE LLM, enabling smart experiences such as on-device AI album management with Celia.

The innovative heat dissipation architecture distributes heat sources across three frames, working with ultra-large vapor chambers and highly thermally conductive graphene materials to efficiently conduct heat across axes. Intelligent collaboration of multiple communication systems and 32 distributed antennas ensures faster 5A connectivity. It supports Tiantong satellite communication and Beidou satellite messaging, ensuring connectivity anywhere in the world. The Mobile Security Processor, combined with an independent security chip, enables post-quantum cryptography algorithm detection and has passed EAL5+ CCRC security certification, providing dual protection for personal data and assets.

Ultimate Technology: A Masterpiece of Innovation for Peace of Mind

The industry’s first foldable Smart Shield Privacy Screen is now available, marking the first time hardware-level privacy protection is achieved on a foldable device. It features an independent dual-pixel design, ensuring consistent screen resolution before and after activating Privacy mode, maintaining a clear front-facing view. With intelligent sensing capabilities, it provides smart reminders when entering airports or train stations. It also supports elegant activation of Privacy mode through methods such as double-tapping the cover screen or the Smart controls button.

The HUAWEI Mate XT 2 | ULTIMATE DESIGN is equipped with ECG analysis software and has obtained the NMPA Class II Medical Device Registration Certificate. Users can initiate an ECG measurement by holding the unfolded large screen with both hands. Celia intelligently interprets and analyzes the report, providing thoughtful care.

Ultimate Photography: True-to-Color Camera 3.0, Capturing Every Moment

The HUAWEI Mate XT 2 | ULTIMATE DESIGN undergoes a comprehensive upgrade from optical hardware to computing power. It is the first to feature the True-to-Color Camera 3.0, which effectively filters out infrared light interference, improving color reproduction by 95% compared to the previous generation. It also features an ultra-HDR main camera, ultra-wide aperture periscope telephoto camera, and Ultra-wide angle camera, delivering true-to-life colors, realistic portraits, and clear night shots, with excellent performance at both close and long distances. Video recording supports an ultra-high dynamic range of 18 EV, ensuring outstanding image quality in every frame.

XMAGE SmartCapture has been upgraded to intelligently recognize people, scenery, and food scenes, and supports AIGC real-time previews for clear composition and lighting recommendations. Its unique tri-fold form enables Desk-calendar mode shooting, making it easy to capture warm moments, whether for selfies or group photos.

Ultimate Experience: A Superior Large-Screen Experience

HUAWEI Mate XT 2 | ULTIMATE DESIGN is powered by the new HarmonyOS 7, redefining the large-screen interaction experience. The Live-Multitask capability supports three windows displayed in parallel, with adjustable window sizes and independent volume control. This large-screen experience covers core scenarios such as financial management, social entertainment, smart office, shopping comparison, and travel guides. Furthermore, it has been deeply adapted to leading industry apps, continuously driving innovation in the tri-fold large-screen ecosystem.

HUAWEI Mate XT 2 | ULTIMATE DESIGN starts at RMB 19,999 and will be available for purchase along with a stylus set, with official sales beginning at 10:08 on September 12^th.

Hashtag: #Huawei

The issuer is solely responsible for the content of this announcement.

Student Flag-guard Team debuts new signature uniforms, embodying vigour and a sense of mission

HONG KONG SAR – Media OutReach Newswire – 7 September 2026 – The Chinese University of Hong Kong (CUHK) today (7 September) commenced the 2026/27 academic year with a solemn Flag-raising Ceremony this morning, with the CUHK Flag-guard Team, clad in student-designed new uniforms, conducting the ceremony – demonstrating vigour and a sense of mission. The national flag, the Hong Kong Special Administrative Region flag and the CUHK flag were solemnly raised to the national anthem, marking the start of the new academic year.

It was followed by the Inauguration Ceremony for Undergraduates 2026. The events come at a landmark moment for the University, following its recent rise to 18th place in the QS World University Rankings and the official launch of its new strategic plan, CUHK 2026–2030: Leaping to Greatness.

The Flag-raising and Flag-guard Team Recognition Ceremonies

The Flag-raising Ceremony was attended by more than 130 guests, including the Hon Alice Mak Mei-kuen, Secretary for Home and Youth Affairs of the HKSAR Government, Ms Wan Ning, Deputy Director-General of the Department of Education and Youth Affairs of the Liaison Office of the Central People’s Government in the HKSAR, Professor Hon Jasper Tsang Yok-sing, Honorary Professor in CUHK’s Faculty of Social Science, Dr Norman Chan Tak-lam, Vice-Chairman of the CUHK Council, Professor Dennis Lo Yuk-ming, CUHK Vice-Chancellor and President, alongside Legislative Council members, members of the University Council, senior management, representatives of Colleges and Faculties, staff, students and alumni.

Following the Flag-raising Ceremony, the University held the Recognition Ceremony for the CUHK Flag-guard Team. Miss Mak, Dr Chan and Professor Lo presented 18 Appointment Certificates and 5 Certificates of Appreciation respectively. In addition, a student received the “Best CUHK Flag-guard Team Member Award 2025-2026” in recognition of her outstanding performance and dedication to the team.

Three awards for the Flag-guard Team Uniform Design Competition were also presented. The final design of the new uniforms was developed from the winning concepts of the champion students and further refined with valuable input from Professor Lo. Featuring CUHK’s signature purple and gold – representing devotion and loyalty, and perseverance and resolution, respectively. The new uniforms reflect the team’s professionalism and vibrant spirit, while embodying the youth’s loyalty and commitment to the nation, Hong Kong and the University, as well as their steadfast dedication to promoting patriotic values.

Navigating the AI era through virtue and ethics

At the Inauguration Ceremony for Undergraduates 2026 held at Sir Run Run Shaw Hall, Professor Lo welcomed the incoming cohort, encouraging them to regard CUHK as their second home for intellectual and personal growth.

Addressing how students could navigate the artificial intelligence (AI) era, Professor Lo emphasised the importance of developing both technical capabilities and sound moral judgement. He encouraged students to use AI responsibly, with honesty, independent judgement and respect for others. He noted that, as routine tasks became increasingly automated, human strengths such as empathy, critical reasoning and moral judgement would become even more important, highlighting why the University motto, “Through Learning and Temperance to Virtue”, was more relevant today than ever.

Professor Lo added that a journey at CUHK would open up opportunities for students to become responsible global citizens, “Social responsibility begins with an awareness that our actions and attitudes can make a difference. As an ancient Chinese saying goes, ‘A journey of a thousand miles begins with a single step’ (「千里之行，始於足下」). The idea of changing the world may seem daunting. Yet social responsibility often starts with small, everyday actions on campus and in the local community: volunteering, supporting community initiatives, embracing sustainability or extending kindness to those around us. Meaningful change is built one step at a time: start locally while thinking globally, using knowledge and talent to contribute to the common good.”

Professor Lo invited students to actively participate in the journey of shaping CUHK’s future trajectory, adding that their curiosity, integrity, fresh ideas and willingness to contribute would play a vital role in the University’s development.

Hashtag: #CUHK #Inauguration #Flag-raising #newacademicyear #Flag-guard #uniform

https://www.cuhk.edu.hk/
https://www.linkedin.com/school/13045
https://x.com/cuhkofficial
https://www.facebook.com/CUHKofficial
https://www.instagram.com/thechineseuniversityofhongkong/
https://www.youtube.com/user/CUHKchannel

The issuer is solely responsible for the content of this announcement.

Hong Kong Stock Connect Inclusion Set to Unlock Mainland Capital and Enhance Trading Liquidity

Hang Seng Indexes announced on August 21, 2026, that HQVT has been officially included in the Hang Seng Composite Index. The index change will be implemented after the market close on September 4, 2026, and will take effect on September 7, 2026. Upon this effective date, both the Shanghai and Shenzhen Stock Exchanges are expected to simultaneously add HQVT to the list of eligible stocks under the Stock Connect programs (Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect). This will formally enable mainland Chinese investors to trade the stock through their Stock Connect accounts from September 7 onward.

The Stock Connect channel is expected to significantly broaden HQVT’s investor base by providing access to mainland China’s substantial retail and institutional capital pools. The influx of mainland investors via Stock Connect is poised to materially enhance trading liquidity.

Recent Financial Developments Of The Company

The financial results reflect a structural shift toward high-value software intelligence, with consolidated interim operating revenue reaching RMB 410.5 million, representing a strong year-over-year increase of 84.5%. The primary growth engine was multispectral AI foundation model services, which surged 382.5% year-over-year to RMB 320.0 million, elevating the segment’s revenue contribution. Excluding non-recurring listing expenses, adjusted net profit reached RMB 27.6 million, up 21.9% compared to the prior-year period, while net cash used in operating activities narrowed by 50.2% year-over-year to RMB 34.2 million, and cash and cash equivalents amounted to RMB 595.6 million as at 30 June 2026, keeping the financial position sound. To support long-term product differentiation, HQVT expanded its R&D expenditure by 125.3% year-over-year, maintaining an R&D headcount ratio of 43.1% and amassing a portfolio of 158 registered patents (including 101 invention patents) and 46 software copyrights.

Proprietary Multispectral Sensing Across Mission-Critical Infrastructure

HQVT’s technological foundation centers on its proprietary “Super Eye” perceptual platform, an integrated vision architecture that extends detection capabilities beyond visible light 380 nm – 780 nm into the ultraviolet 10 nm – 380 nm and thermal infrared 780 nm – 1 mm bands. Processing sensory inputs via the proprietary “Zhiyuan Origin Large Model”—which has completed dual filings with the Cyberspace Administration of China (CAC) and recently secured Shenzhen’s official model service provider qualification—the system detects micro-arcing, dielectric degradation, and localized thermal spikes long before physical combustion occurs. This capability is deployed through a three-tier collaborative defense matrix combining Tier-1 rack-level internal monitoring, Tier-2 room-level spatial sensing, and Tier-3 autonomous robotic patrol scanning.

This technological framework achieved significant commercial milestones across key industrial verticals during the first half of 2026. In the Internet Data Center (IDC) space, where high-velocity forced-air cooling systems often dilute smoke and hinder traditional detectors, HQVT secured large-scale AI foundation model deployment contracts from a prominent Shanghai state-owned enterprise and a Shenzhen-listed enterprise. Concurrently, in electrical power systems and new energy infrastructure, the company entered into a strategic collaboration agreement with Deep Robotics to integrate multispectral AI modules into quadruped robotic inspection platforms, enabling contact-free, online fault diagnostics across high-voltage substations, cable interlayers, and distributed battery energy storage installations.

Edge AI Breakthrough and Scalable Global SaaS Expansion

A major technical milestone during the interim period was the successful migration of HQVT’s foundation model architecture from centralized server clusters to compact Edge AI terminals powered by the NVIDIA Jetson AGX Orin platform. By removing the necessity for expensive on-premise compute servers and eliminating cloud-network latency, this on-device implementation drastically lowers initial capital expenditures while ensuring instantaneous safety responses. This edge breakthrough transforms HQVT’s commercial delivery model, facilitating product standardization and expanding the company’s addressable client base beyond large state-owned enterprises into the broader commercial market and small and medium-sized enterprises.

Soochow Securities, in its inaugural coverage report on HQVT dated July 31, 2026, assigns a “Buy” rating with a target price of HK$58.57 per share—implying approximately 113% upside from the Sept 04 closing price of HK$27.42. The broker’s valuation is anchored on 2027E revenue of RMB 1.31 billion at a 32x P/S multiple, citing the stock’s scarcity value as the only Hong Kong Main Board-listed multispectral physical AI pure-play, the industry’s 40%+ CAGR, and anticipated margin recovery as hardware costs are amortized across repeat projects. The report notes that the Edge AI breakthrough serves as the single largest near-term catalyst, with commercialization orders representing the critical verification point for investors.

Looking ahead, HQVT is directing its IPO capital toward expanding production capacity, advancing edge-model iterations, and executing an international go-to-market strategy. To penetrate overseas markets, the company has partnered with Singapore-based LINKWISE to accelerate deployments across Southeast Asian data centers and is actively preparing channel rollouts in the Middle East and Europe. By pairing standardized edge perception hardware with cloud-based Software-as-a-Service (SaaS) subscription tiers for analytics and diagnostic reporting, HQVT is positioning itself to build recurring, high-margin international revenue streams within the global physical AI safety sector. The interim results approval by the board on August 28, 2026, and the September 7 Stock Connect effective date represent the two immediate catalysts for investor attention.

Hashtag: #ShenzhenHQVTTechnology

The issuer is solely responsible for the content of this announcement.

@hkfashionfest @hongkongfashioncouncil

HONG KONG SAR – Media OutReach Newswire – 5 September 2026 – The “Hong Kong Fashion Fest Gala 2026”, one of the eight flagship programmes of the third edition of Hong Kong Fashion Fest, was held on 3 September 2026. Sponsored by the Cultural and Creative Industries Development Agency (CCIDA) under the Culture, Sports and Tourism Bureau of the Government of the Hong Kong Special Administrative Region, and organised by the Hong Kong Fashion Council, this year’s Gala was held under the theme, “Rhythm of the Heart”, the same theme of the third edition of Hong Kong Fashion Fest. The Gala brought together fashion, art and culture in a cross-disciplinary celebration. The opening ceremony was officiated by the Secretary for Culture, Sports and Tourism, Miss Rosanna Law, JP and the Hon Sunny Tan, BBS, Legislative Council Member (Textiles and Garment) and Chairman of the Hong Kong Fashion Council. marking the official opening ceremony of this much-anticipated annual event on Hong Kong’s fashion calendar.

Speaking at the Gala, the Secretary for Culture, Sports and Tourism, Miss Rosanna Law, JP, saying: “Building on Hong Kong’s unique kinetic pulse and East-meets-West synergy, and with the Government’s steadfast backing through the Cultural and Creative Industries Development Agency, our creative ecosystem is thriving. Within this dynamic landscape, fashion design stands as an indisputable driving force. The Hong Kong Fashion Fest continues to champion fashion as a profound art form and a canvas for self-expression — one that weaves together vision, culture, and history.”

Meanwhile, Hon Sunny Tan, BBS, Legislative Council Member (Textiles and Garment) and Chairman of the Hong Kong Fashion Council, extended his gratitude to the participating organisers and industry partners for their steadfast support, saying: “The third Hong Kong Fashion Fest reflects the collective commitment of the Government, CCIDA and industry to advancing Hong Kong’s fashion development. With creative talent, international connectivity and strengths across trade, tourism, finance, and textile and apparel, Hong Kong has every ingredient to grow as an international fashion hub for Asia.”

In addition, rising favourite by international brands, Jeffrey Ngai and the popular stylish film actress Louise Wong attended the occasion in glamorous style. They were joined on the red carpet by leading fashion influencers and celebrities from Hong Kong and around the world, including Ameera Khan, Fil Xiaobai, Hanan Besovic, Irene Kim, Susanna Lau and Elva Ni. The star-studded presence added glamour and energy to the gala, highlighting Hong Kong’s extraordinary position and appeal as an international fashion hub.

Hong Kong Ballet × Robert Wun:

A Groundbreaking Cross-Disciplinary Stage Experience

One of the key highlights of the Hong Kong Fashion Fest Gala 2026 was “Glam Rock”, a specially presented three-act ballet performance by Hong Kong Ballet. Taking an innovative and bold approach to ballet, the production reinterpreted the art form by seamlessly blending classical and contemporary dance. The performance was accompanied by iconic rock anthems from Queen, Depeche Mode, and the legendary Hong Kong band Beyond. The powerful rhythms and dynamic physicality of the dancers delivered an exhilarating and refreshingly unconventional experience for the audience.

The dancers performed in bespoke costumes designed by internationally acclaimed Hong Kong designer Robert Wun. Renowned for his cinematic and sculptural silhouettes and refined narrative-driven aesthetics, Wun’s designs became another visual highlight of the evening. Through “Glam Rock”, world-class choreography, avant-garde fashion and rock music converged into a wholesome and unique artistic expression, offering guests a profound stage experience that combined visual spectacle with cultural references. The production vividly embodied the urban rhythm and creative pulse at the heart of this year’s theme, “Rhythm of the Heart.”

“Top 10 Asian Designers to Watch” Fashion Show and Award Presentation:

Showcasing the Next Generation of Asian Fashion Talent

Another major highlight of the Hong Kong Fashion Fest Gala 2026 was the “Top 10 Asian Designers to Watch Fashion” Fashion Show & Awards Presentation Ceremony,” which showcased the exceptional craftsmanship and distinctive creative visions of ten outstanding designers from different parts of Asia. With a multitude of design languages and cultural sentiment, the showcase presented the dynamic multi-cultural fashion spectacle and forward-thinking approaches to fashion and aesthetics.

Sponsored by the Cultural and Creative Industries Development Agency (CCIDA), Fashion Asia Hong Kong’s “10 Asian Designers to Watch” programme is presented by the Hong Kong Design Centre. The programme is dedicated to discovering and promoting the next generation of Asian design talent, and to provide emerging designers with greater visibility, professional exchange and industry opportunities.

Hashtag: #HongKongFashionFest #香港时装荟 #CSTB #文化体育及旅游局 #CCIDA #文创产业发展处

The issuer is solely responsible for the content of this announcement.

About Hong Kong Fashion Fest

Announced by the Hong Kong Special Administrative Region Chief Executive in the 2023 Policy Address, “Hong Kong Fashion Fest” will be organised to develop Hong Kong into a fashion design hub in Asia. Through consolidating various fashion design events and introducing innovative elements and affiliate activities annually, the Hong Kong Fashion Fest promotes Hong Kong’s fashion and textile design brands and boosts Hong Kong’s position as a prime destination for hosting mega cultural and creative events. Under the theme “Rhythm of the Heart”, the third edition of Hong Kong Fashion Fest is being held from 1 to 14 September 2026 at various landmarks in Hong Kong. The event will bring together eight flagship programmes organised by six industry organisations and, for the first time, will be combined with CENTRESTAGE – the annual fashion extravaganza organised by the Hong Kong Trade Development Council – to generate stronger synergies. The event will attract fashion design industry players from all over the world to come to Hong Kong; foster collaboration, innovation and business opportunities; establish platform for local and international fashion designers and brands and connect with different sectors in the fashion design industry of Hong Kong, the Chinese Mainland and overseas, thereby consolidating Hong Kong’s position as the East-meets-West centre for international cultural exchange.

Website: www.hongkongfashionfest.com
Facebook: https://www.facebook.com/hongkongfashionfest
Instagram: https://www.instagram.com/hkfashionfest
YouTube: https://www.youtube.com/@hkfashionfest

About Cultural and Creative Industries Development Agency (CCIDA)
The Cultural and Creative Industries Development Agency (CCIDA), formerly known as Create Hong Kong (CreateHK) since 2009, was established in June 2024. CCIDA is a dedicated office under the Culture, Sports and Tourism Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR Government) to provide one-stop services and support to the cultural and creative sectors with a mission to foster a conducive environment in Hong Kong to facilitate development of the arts, culture and creative sectors as industries. CCIDA’s strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and multi-disciplinary collaboration, promoting industrialisation of the arts, culture and creative sectors under the industry-oriented principle, and fostering a creative atmosphere in the community, thereby reinforcing Hong Kong as Asia’s creative capital and our positioning as the East-meets-West centre for international cultural exchange.

Disclaimer: The Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, the Cultural and Creative Industries Development Agency, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee.

About Hong Kong Fashion Council
Established in 2024, Hong Kong Fashion Council is a not-for-profit representative body dedicated to uniting all fashion initiatives in Hong Kong to support the growth of the fashion industry. HKFC envisions Hong Kong as Asia’s leading international fashion hub, leveraging the city’s unique geographical and multicultural context to drive creativity, innovation, collaboration, and sustainability in fashion. Committed to supporting stakeholders throughout the entire fashion ecosystem, HKFC is building a collaborative network between the East and the West to showcase Asia’s vibrant fashion identity.

Facebook: https://www.facebook.com/hongkongfashioncouncil
Instagram: http://www.instagram.com/hongkongfashioncouncil
LinkedIn: https://www.linkedin.com/company/hongkongfashioncouncil/

The event gathered over 350 guests, including Sam Hou Fai, Chief Executive of the Macao SAR; Tiong King Sing, Minister of Tourism, Arts and Culture of Malaysia; Sim Tze Tzin, Deputy Minister of Investment, Trade and Industry of Malaysia; and Ouyang Yujing, Chinese Ambassador to Malaysia. They were joined by members of the Macao SAR government and entrepreneurial delegations, representatives from the Chinese Embassy in Malaysia, and prominent figures from various sectors in Malaysia.

Sam Hou Fai stated that this visit to Malaysia aims to renew traditional friendship, build further consensus, and elevate pragmatic cooperation between Macao and Malaysia to a higher level. Macao aspires to serve as a bridge for deepening cooperation between Malaysia and Mainland China, working together to open a new chapter of mutual benefit, win-win outcomes, and synergistic development. He pointed out that both Macao and Malaysia are key nodes on the “Maritime Silk Road,” sharing deep cultural and people-to-people bonds and close exchanges. Facilitated by mutual visa-free entry and direct flights, the two regions have achieved fruitful cooperation in trade, investment, tourism, MICE, and education. Malaysia is not only an important economic partner and international tourist source market for Macao, but also demonstrates immense potential for collaboration in cultural exchange, educational partnerships, and the promotion of Muslim-friendly tourism.

Tiong King Sing highlighted Malaysia’s strategic position in ASEAN—a fast-growing regional market—and Macao’s role in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). By linking their networks, both sides can help businesses unlock vast opportunities between ASEAN and the GBA. He emphasized Malaysia’s readiness to strengthen cooperation in trade, tourism, and education. He urged both sides to bridge connections and engage businesses, schools, tourism operators, and cultural groups to deliver tangible results.

The seminar featured presentations, business matching, and sharing sessions highlighting Macao’s “Tourism+” initiatives, especially “Tourism + Healthcare” big health. Notably, Macao Union Medical Center’s advanced services are meet diverse international healthcare needs.

Additionally, Macao’s upcoming private healthcare law will introduce a “day hospital” category, a one-stop licensing system, and regulations for telemedicine, outreach services, and advanced therapies, fostering a clear, flexible investment environment. Leveraging Macao-Hengqin synergy, the region seeks to partner with Southeast Asian firms to capture medical tourism and big health opportunities.

The issuer is solely responsible for the content of this announcement.

LSAF Global, in partnership with ISCA and the Professional Services (PS) Centre Alliance, brings the PS Centre ecosystem to businesses in Indonesia.

The challenge is often not finding advisers. It is knowing where to start.

LSAF Global, in partnership with the Institute of Singapore Chartered Accountants (ISCA) and the Professional Services (PS) Centre Alliance, is bringing the PS Centre ecosystem to businesses in Indonesia, connecting them with professional expertise, trusted networks and opportunities across Singapore, Indonesia and the region.

The PS Centre is a collaborative network that aims to make that easier by giving businesses a trusted starting point to find professional expertise, local market knowledge and business connections when expanding across the region.

Businesses in Indonesia can tap on the wider PS Centre network, which currently spans Hongqiao in Shanghai, Ho Chi Minh City, Nanjing and Singapore.

The network is set to grow further, with Johor, Shenzhen and Bangkok among the next locations being developed.

Together, the PS Centres and wider ecosystem are intended to create trusted business corridors across the region so that companies entering a new market do not have to start from zero.

Cross-border business is getting harder

The collaboration in Indonesia comes at a time when companies are looking overseas for growth while facing a more complicated business environment.

Tariffs and geopolitical tensions are changing where companies manufacture and source their products. Supply chains are being redesigned. AI and cyber risks are creating new business questions. Sustainability requirements are changing how companies operate and report.

Increasingly, these problems do not sit neatly within one profession.

A company may start with a tariff question only to discover that it also needs tax, legal and supply chain advice. Another may see an opportunity in Indonesia but need help finding local partners and understanding how best to enter the market.

The PS Centre ecosystem brings different forms of expertise and business networks together so companies do not have to navigate these issues alone.

The collaboration comes amid strong economic links between Singapore and Indonesia.

From Singapore to Indonesia and from Indonesia to the region

The PS Centre ecosystem is designed to work across markets.

Singapore businesses entering Indonesia can connect with local professional advisers, business networks and partners on the ground through LSAF Global and the wider PS Centre ecosystem.

Indonesian businesses looking towards Singapore can tap the Singapore PS Centre and Singapore’s professional services ecosystem.

A business looking beyond Indonesia and Singapore can tap the wider network for support in Vietnam and China. As new centres open, the network will extend into more markets.

Across its existing locations, the PS Centre network has already facilitated more than 90 business connections, supported 100 companies and engaged over 700 businesses and professionals.

The ambition goes beyond opening centres in different cities.

It is to build a connected ecosystem and trusted business corridors that connect opportunities in one market with trusted expertise and networks in another.

Helping businesses solve cross-border challenges

A key initiative being expanded across the PS Centre network is the Business Growth Clinic.

Its premise is simple.

Businesses do not always know which professional they need. They simply know they have a problem to solve.

A manufacturer may produce different parts of the same product across several countries and need help understanding how changing tariffs affect its business.

A professional services firm may want to access talent in another market but is unsure how to structure its operations.

Another business may be looking for an overseas partner, considering an acquisition or trying to understand how geopolitical changes could affect where it invests next.

Instead of figuring out which adviser to approach first, businesses can bring their problem to the Business Growth Clinic.

Depending on the issue, accountants, lawyers, tax specialists, valuers, consultants and other professionals can come together to understand the problem and connect the business with the expertise it needs.

Businesses in Indonesia will also be able to tap the Business Growth Clinic through the PS Centre ecosystem. A Singapore company facing a business issue in Vietnam can tap expertise through the Ho Chi Minh City PS Centre. An Indonesian business looking to establish operations in Singapore can connect with professionals through the Singapore PS Centre. A business exploring China can access support through Hongqiao.

As the PS Centre network expands, the reach of the Business Growth Clinic will expand with it.

Mr Lee Boon Teck, President of the Institute of Singapore Chartered Accountants (ISCA), said: “Businesses do not always know which professional they need. They simply know they have a problem to solve. The strength of the PS Centre lies in the network we are building together: connecting businesses with professional expertise, trusted networks and opportunities across markets. The PS Centre Alliance can help businesses in Singapore and Indonesia make the connections they need to grow across the region.”

Connecting businesses with professional expertise

The initiative is led by the PS Centre Alliance, comprising the Association of Small & Medium Enterprises, Institute of Valuers & Appraisers Singapore, Singapore Business Federation, Singapore Chinese Chamber of Commerce & Industry, Singapore Manufacturing Federation, Tax Academy of Singapore, The Law Society of Singapore and ISCA.

The Alliance brings together organisations representing both sides of the equation: businesses looking for opportunities and professional services firms with the expertise to help them pursue those opportunities.

In Indonesia, this gathering of the PS Centre Alliance partners to build relationships with local business and professional organisations, including the Indonesian Employers Association (APINDO), Singapore Chamber of Commerce Indonesia, The Indonesia Capital Market Institute (TICMI) and Kongres Advokat Indonesia (KAI).

These relationships will help connect businesses with people who understand the local market while linking them to the wider PS Centre network.

Building sustainability capabilities in Indonesia

ISCA and Universitas Sahid (USAHID) will enter a three-year collaboration to strengthen sustainability capabilities in Indonesia.

The collaboration will facilitate access to the ISCA Sustainability Professional Certification for eligible USAHID students, faculty members, alumni and other participants. It will also support learning and knowledge sharing in sustainability reporting and related areas.

The collaboration aims to connect academic learning with professional practice and build a stronger pool of professionals who can support businesses as sustainability requirements evolve.

Prof. Dr. Ir. Giyatmi, M.Si., Rector of Universitas Sahid, said: “Bringing the Professional Services Centre ecosystem to businesses in Indonesia represents an important step in strengthening collaboration between Indonesia and Singapore’s professional and business communities. We believe the ecosystem can serve as a valuable platform for knowledge exchange, professional development, and stronger connections between academia and industry. Universitas Sahid is pleased to support this initiative and looks forward to contributing to the development of future-ready professionals who can support sustainable and regional economic growth.”

The collaboration in Indonesia marks another step in building a regional network where businesses, professional services firms and local partners can connect across markets.

As businesses increasingly look beyond their home markets for growth, the aim is simple: when a business sees an opportunity across borders, it should not have to start from zero.

For additional quotes from PS Centre Alliance partners, please refer to the attached Annex.

ANNEX

Ms Hamidah Aidillah, Vice President, Association of Small & Medium Enterprises, said: “For Small & Medium Enterprises (SMEs) looking to grow overseas, finding the right connections and trusted support in a new market can be challenging. Through the PS Centre Alliance’s collaboration in Indonesia, businesses can gain access to professional expertise and local networks, helping Singapore SMEs better navigate the Indonesian market and pursue opportunities for growth across the region. This move is also in line with ASME’s internatiolisation efforts across ASEAN. ”

Mr Lie Kok Keong, Council Chairperson, Institute of Valuers and Appraisers Singapore, said: “Bringing the PS Centre ecosystem to businesses in Indonesia creates meaningful new opportunities for Chartered Valuers and Appraiser (CVA) holders to connect with a wider network of professionals in Indonesia through fostering knowledge exchange and capacity building. We encourage CVA holders to leverage on the wider network to build ties with their Indonesian counterparts to grow and create opportunities together.”

Mr Mark Lee, Chairman of Singapore Business Federation, said: “Businesses today need to remain agile and diversify their markets to build long-term resilience. Indonesia’s long term growth prospects and close ties with Singapore offer significant opportunities for our companies. By bringing PS Centre Jakarta and SEC@Jakarta together, we can make it easier for businesses to access our collective networks, advisory expertise and facilitation support, and help them turn these opportunities into meaningful partnerships and growth.”

Mr Ernie Koh, Council Member, Singapore Chinese Chamber of Commerce & Industry (SCCCI), said: “Indonesia is an important market for many Singapore businesses seeking to expand their regional presence. Through the PS Centre Alliance’s collaboration in Indonesia, enterprises can access trusted professional support and local networks, helping them better navigate the market and build the connections needed for cross-border growth.”

Mr Wayne Yap, Chief Executive Officer of the Singapore Manufacturing Federation, said: “Professional services firms are important partners in helping manufacturers understand new markets, manage business requirements and expand with confidence. Through the PS Centre ecosystem, businesses will bring together professional expertise, industry networks and local market connections to support manufacturers and other businesses pursuing opportunities in Indonesia and across the region.”

Mr Dennis Lui, Chief Executive Officer, Tax Academy of Singapore, said: “Tax is not a footnote to cross-border investment – It can determine whether opportunity becomes reality. Tax Academy of Singapore sits at the intersection of government, industry, and academia, enabling us to translate policy into practical capability and connect the people who make investment happen. Through the PS Centre Alliance’s collaboration in Indonesia, we want to bring that strength to the Singapore-Indonesia corridor – helping businesses move from opportunity to execution.”

Ms Peggy Yee, Treasurer and Council Member of The Law Society of Singapore said: “With more businesses expanding across borders and industries, the ability to navigate legal and regulatory complexities will become a critical skill for both businesses and firms. Bringing the PS Centre ecosystem to businesses in Indonesia will further provide valuable and trusted support for enterprises in the region, ensuring access to trusted legal expertise along with other professional services.”

Hashtag: #ISCA #CharteredAccountants #ProfessionalServices #ProfessionalServicesCentre #DifferenceMakers #Accounting #Accountancy

The issuer is solely responsible for the content of this announcement.

About the Institute of Singapore Chartered Accountants (ISCA)

The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore. Established in 1963, ISCA administers the Singapore Chartered Accountant Qualification programme and is the designated entity by the Singapore Ministry of Finance to confer the Chartered Accountant of Singapore [CA (Singapore)] designation.

ISCA supports over 46,000 members across industries in Singapore and globally, with members in more than 40 countries. With a growing international presence, ISCA has 12 overseas chapters, 7 offices across 10 countries and a network of over 150 strategic partners, strengthening professional connections and opportunities across borders. ISCA is also a member of Chartered Accountants Worldwide, a global network representing more than 1.8 million Chartered Accountants and students across over 190 countries.

ISCA advances professional development and lifelong learning through ISCA Academy, its training arm and drives community impact through ISCA Cares, its charity arm.

For more information, visit www.isca.org.sg.