Binance has launched a SpaceX-linked pre-IPO perpetual futures contract, giving crypto traders synthetic exposure to one of the world’s most closely watched private companies before any public share sale is completed. The product began trading on May 21 under the SPCXUSDT ticker, marking Binance’s first move into a new class of pre-listing derivatives tied to private-market valuations. The contract is settled in USDT and tracks Space Exploration […]
Variational has raised about $50 million in a Series A round led by Dragonfly, giving the peer-to-peer derivatives startup fresh capital to expand perpetual futures tied to real-world assets including oil, gold, silver and copper. The funding marks a sharper push by decentralised finance firms into traditional market instruments at a time when traders are seeking broader access to commodities, indices, foreign exchange and equities through blockchain-based […]
Washington’s derivatives regulator and the National Hockey League have signed a memorandum of understanding to share information and co-ordinate oversight of prediction markets tied to professional hockey, extending federal scrutiny over a fast-growing sector that sits between financial derivatives, sports data and gambling regulation. The agreement, signed by Commodity Futures Trading Commission Chairman Michael S. Selig and NHL Commissioner Gary Bettman on 21 May 2026, creates regular […]
Sui has launched gasless stablecoin transfers on its mainnet, allowing users and businesses to send supported dollar-pegged tokens without paying network fees or holding SUI separately for gas. The protocol-level feature, backed at launch by Fireblocks, marks a push by the layer-1 blockchain to strengthen its role in payments, treasury movement and on-chain settlement. The change applies to supported stablecoins including USDC, USDsui, suiUSDe, AUSD, FDUSD, USDB […]
DipCoin has completed its first year on the Sui blockchain, seeking to strengthen its position in decentralised multi-asset trading after building its platform around perpetual contracts, self-custody, transparency and faster execution. Launched on May 21, 2025, the Sui-based decentralised exchange has used its first anniversary to highlight what it describes as a zero-incident operating record, a key claim in a market where security failures, liquidity shocks and […]
The platform offers comprehensive information services and an international communication platform to support economic and trade cooperation between China and ASEAN countries.
Built and operated by China News Network, the official website of China News Service, the platform serves as ASEAN trade agencies, industry associations, overseas Chinese communities, and cross-border enterprises, providing one-stop trade information services.
China News Service will leverage its strengths to build the China-ASEAN Business and Trade Information Platform into an influential and dynamic communication channel that promotes information sharing and provides services, to facilitate trade and people-to-people exchanges between China and ASEAN countries.
Currently, a trade information network between China and ASEAN countries has been built, with key content covering policy explanations, market conditions, investment promotion, business cooperation, and industry analysis, to comprehensively support cross-border trade activities.
Prior to the platform’s launch, representatives from government departments, media outlets, research institutes, and universities in China and multiple ASEAN countries participated in discussions on economic and trade information exchange between China and ASEAN countries, as well as the development of the platform.
Consular officials from ASEAN member states including Cambodia, Myanmar, and Vietnam, stationed in Nanning expressed their hopes for enhancing China-ASEAN economic and trade connectivity as well as people-to-people ties through information sharing.
Against the backdrop of the signing of the China-ASEAN Free Trade Area 3.0 Upgrade Protocol, the platform serves as an information bridge for expanding cooperation, promoting trade, enhancing industrial upgrade, and achieving mutual benefits and win-win outcomes, they said.
They hope that the platform will play a greater role in trade facilitation and logistics services, empowering micro, small and medium-sized enterprises (MSMEs), and investment policies and regulatory measures, while helping share cooperation stories between China and ASEAN countries.
Hashtag: #Nanning
The issuer is solely responsible for the content of this announcement.
At the China (Hainan Free Trade Port)–U.S. (San Francisco) Economic and Trade Exchange Meeting, the delegation highlighted the policy advantages and innovative achievements of the Hainan Free Trade Port to American enterprises. The two sides engaged in extensive exchanges in areas such as international trade, modern services, high-tech industries, and cross-border investment.
The head of the delegation noted that since the Hainan Free Trade Port began island-wide special customs operations on December 18, 2025, policy dividends have been steadily unleashed. The customs supervision model of “freer access at the first line, regulated access at the second line” has been fully implemented. The number of zero-tariff commodity items has been expanded to 6,631. Additionally, the policy of exempting tariffs on processed goods with a value-added rate exceeding 30% has created new cost advantages for cooperation between Chinese and U.S. enterprises.
Sean Randolph, a representative of the Bay Area Council, stated that direct exchanges between companies are essential for establishing long-term cooperative relationships. He noted that the San Francisco Bay Area, as a key gateway for Pacific trade, has maintained long-standing economic ties with Asia, particularly China. As the Hainan Free Trade Port continues to develop, sectors such as services, life sciences, and tourism are creating new opportunities for collaboration with California-based businesses.
During the visit, the delegation also participated in the 2026 China-California Economic and Trade Forum and held business negotiations with U.S. companies. The CCPIT Hainan signed a memorandum of cooperation with the Sino America Business Information Center to support the establishment of a platform for bilateral economic and trade cooperation and exchanges.
In addition, the delegation visited institutions such as the American-Chinese CEO Society, the Huamei Business Information Center, the Silicon Valley Open Intelligent Culture Foundation, and Sidley Austin LLP, engaging in in-depth exchanges on cross-border investment , specialized industry development, and commercial legal matters.
In June 2020, China unveiled a master plan to build the whole of Hainan Island into a globally influential and high-level free trade port by the middle of the century. The initiative reached a major milestone in December last year with the launch of island-wide special customs operations, which marked the completion of the first key step toward that goal.
The move has turned the island into a special customs supervision zone, allowing freer trade between Hainan and areas outside China’s customs borders, while enforcing standard customs controls for goods moving from Hainan to the mainland.Hashtag: #CPITHainan
The issuer is solely responsible for the content of this announcement.
Arabian Post Staff -Dubai ARP Digital has joined the Fireblocks Network for Payments as its designated GCC corridor settlement partner, giving fintechs, payment service providers and financial institutions a regulated route into Gulf payment corridors through a single integration. The arrangement positions the Bahrain-licensed digital capital infrastructure platform as a settlement counterparty for Fireblocks’ global network, with live rails covering the UAE dirham, Bahraini dinar and other […]
Singapore’s central bank has revoked Bsquared Technology’s major payment institution licence after finding serious regulatory breaches, barring the local crypto liquidity provider from offering digital payment token services in the city-state. The Monetary Authority of Singapore said the revocation took effect on 14 May 2026, marking a firm enforcement step in one of Asia’s most closely watched digital-asset markets. Bsquared Technology Pte Ltd, also referred to as […]
Washington regulators are preparing a major shift in digital-asset oversight that could allow tokenised versions of stocks to trade on crypto platforms, opening a new front in the contest between blockchain firms and traditional exchanges. The U. S. Securities and Exchange Commission is expected to unveil an “innovation exemption” during the week of 18 May, giving selected market participants limited relief from existing securities rules while they […]
HONG KONG SAR – Media OutReach Newswire – 18 May 2026 – 2026 represents a definitive turning point as Artificial Intelligence transitions from experimental “pilot” phases to industrialized, enterprise-scale implementation. AI+ Power 2026, Hong Kong’s premier exhibition & conference for commercial AI applications, returns to the Hong Kong Convention and Exhibition Centre (HKCEC) from 4-5 Jun 2026. Now in its sixth edition, the event actively responds to the HKSAR Government’s “AI+” development strategy. Under the theme “AI+ Power in Action,” the expo focuses on how AI creates value and unlocks new market opportunities for enterprises. By showcasing a diverse array of AI solutions on-site, the event empowers businesses to remain competitive in an increasingly challenging business environment.
The 2026 Enterprise Imperative: Beyond Prompting – Agentic AI Enters the Era of Autonomous Execution
For today’s business leaders, the challenge is no longer understanding AI — it is choosing the right tools and applying them effectively. According to Gartner’s 2026 Strategic Trends, the enterprise landscape has moved beyond the initial GenAI hype into the era of Agentic AI — autonomous systems capable of independent decision-making and workflow execution. While most enterprises have begun AI deployment, the ultimate differentiator for 2026 is achieving the transition from “conversation to execution” and securing a measurable Return on Investment (ROI).
Culsin Li, Founder and Chief Visionary Officer of AI+ Power, noted: “In 2026, the most critical executive skill is becoming leaders who can strategically direct AI adoption. With AI applications entering the ‘no-code’ era, technical implementation is no longer the primary hurdle; the focus for leadership returns to the core of business: identifying operational pain points and defining strategic needs. AI+ Power 2026 serves as a premier platform where attendees can gain insights from expert-led case studies and source ready-to-deploy AI solutions to immediately resolve bottlenecks. We provide a comprehensive one-stop ecosystem, enabling decision-makers to transition seamlessly from strategic inspiration to procurement and final implementation.”
AI+ Power 2026 features six high-impact pillars designed to accelerate AI adoption:
Pillar 1: AI+ Summit – Strategic Roadmaps for Vertical Transformation
The AI+ Summit features a formidable roster of global pioneers, including Microsoft, HP, Adobe, BytePlus, and iFLYTEK, who will dissect the shift from smart office revolutions to autonomous AI agents.
To address the critical pillars of corporate governance and financial practice, the Summit has curated two flagship strategic forums:
The Summit will also cover MarTech, enterprise productivity, retail, and education, featuring leaders from MTR Lab, HSBC, Maxim’s Group, Hong Yip, HKT, PrimeCredit, and Logitech, alongside academic representatives.
Pillar 2: AI+ Expo – The Modern Workplace & Smart Living Revolution
Industry leaders Canon HK, Logitech, Shure, and iFLYTEK will demonstrate how AI-driven hardware eliminates operational friction, allowing teams to focus on core creativity.
Pillar 3: AI+ Skills Lab — Zero-Barrier Mastery for Decision Makers
To address the enterprise talent gap, the AI+ Skills Lab has been launched this year to provide hands-on, practical training. Led by a team of veteran practitioners including Arik Chan from GDG HK (CISSP-certified), Frankie Wu from GDG HK and also Founder of Nexamind AI, and Roland Leung, Director of Datality Lab, the lab is tailor-made for non-technical decision-makers. It emphasizes a “small-class, laptop-ready” approach; featured highlights include OSINT-driven fraud detection using Google Gemini, the deployment of privacy-safe enterprise AI agents, and rapid AI-powered commercial video creation using Seedance 2.0 and KlingAI 3.0. This practical experience empowers participants to “Learn Today, Apply Tomorrow,” transforming AI into real-world productivity.
Pillar 4: Embodied AI & Robotics — The First “Smart Living Experience Zone”
Breaking away from pure software solutions, the event debuts the first “Smart Living Experience Zone,” presenting the physical manifestation of AI integrated with robotics in environmental management, medical rehabilitation, and gerontech. Highlights include environmental robots capable of automatic waste classification and autonomous cleaning; medical assistant systems for physical therapy and ward delivery; and non-invasive “passive fall detection” care solutions. These innovations are setting new benchmarks for automated operations across the property management, healthcare, and social welfare sectors.
Pillar 5: AI Strategic Advisory Hub & Industry Networking — Unlocking New Business Opprtunities
The event proudly presents the “AI Strategic Advisory Hub,” a flagship initiative designed to disrupt the traditional one-way nature of business matching. Technical experts from leading providers will transform into “Consultants”, offering decision-makers immediate diagnostics and tailored deployment advice. Navigating a vast array of technical choices can be overwhelming; this “Advisory Hub” is dedicated to helping enterprises pinpoint high-ROI implementation pathways, ensuring that technology investments translate directly into tangible profitability. Furthermore, the two-day event features exclusive industry networking sessions to foster deep dialogue and strategic exchanges between technology pioneers and enterprise leaders.
Pillar 6: AI+ Power Awards 2026 — Recognizing the Future Leaders of Commercial AI
The AI+ Power Awards 2026, a highly anticipated flagship event, returns to honor the region’s most innovative, impactful, and commercially viable AI applications. This year has seen an unprecedented level of competition, and the first-round finalists have officially been announced. Shortlisted organizations in key categories such as “AI+ in Business” and “AI+ Project of the Year” include industry pioneers such as Maxim’s Group, CITIC Telecom CPC, iFLYTEK, ASTRI, and Lingnan University. The final winners will be grandly unveiled in late May.
Capturing the Momentum of AI Scaling: Building a New Era for Innovation
AI+ Power 2026 responds proactively to the HKSAR Government’s “AI+” strategy, embodying the core spirit of “AI+ Power in Action.” We are committed to transforming policy vision into commercial reality, helping enterprises successfully transition from AI “observers” to “active practitioners.”
Through high-level summit exchanges, immersive exhibition experiences, step-by-step practical training, and prestigious award recognition, we empower every attendee to seize first-mover advantages in the age of AI scaling. Together, we are driving Hong Kong’s evolution into the premier Asia-Pacific hub for commercial AI innovation.
Secure Your Advantage: Register Now
Online pre-registration for AI+ Power 2026 is now officially open. Trade visitors and industry professionals are invited to register for free admission and pre-book seats for keynote summits and hands-on Skills Lab workshops. Please note that workshop seating is limited and available on a first-come, first-served basis.
Register Now: https://bit.ly/3R9W3fC
Event Details:
Hashtag: #AIPower #AIPower2026
The issuer is solely responsible for the content of this announcement.
Baobab Tree Event Management Co., Ltd. (BTE) is a Hong Kong–based event and exhibition organizer founded in 2011, with offices in Guangzhou, Shanghai, and Beijing. With over 20 years of industry experience, the company specializes in event management, exhibition operations, marketing, sales, and on-site delivery.
The company manages the delivery of Hong Kong’s signature mega events, including the Hong Kong Chinese New Year Parade and the Hong Kong Wine & Dine Festival, both organized by the Hong Kong Tourism Board, while also developing and managing professional exhibitions across multiple industry sectors such as AI and digital technology, Food & Beverage, Veterinary, Non-Woven, Professional AV, and PCB & electronics manufacturing, serving regional and international markets.
Committed to sustainable development, the company integrates ESG principles into its operations and has completed an independent ESG assessment, achieving Level 1 status under an assessment framework developed by the The University of Hong Kong and ESG Development Co., Ltd.
Official website: 
www.baobab-tree-event.com
XRP has returned to the centre of speculative crypto trading after market commentator X Finance Bull argued that the token could be nearing a sharp breakout, citing the XRP Ledger’s rising position in real-world asset tokenisation and renewed interest in institutional blockchain settlement. The call has focused attention on a possible move towards $10, a level that would require XRP to rise more than sevenfold from about […]
Arabian Post Staff -Dubai Money managers have lifted bullish copper wagers to their highest level in five months, reinforcing a powerful rally that has pushed New York futures to record territory and sharpened debate over whether the market is pricing a durable supply squeeze or a crowded speculative trade. Hedge funds and other large speculators raised their net-long position in Comex copper by 16 per cent to […]
Crypto exchange MEXC has closed its first USD1 event series with more than 161,000 participants and $2.4 billion in futures trading volume from new users, underscoring how fee promotions and stablecoin-linked incentives are reshaping competition among digital asset platforms. The campaign, which ended on May 13, centred on USD1, the dollar-pegged stablecoin associated with World Liberty Financial. MEXC positioned the initiative as part of its wider 0-fee […]
Dubai is positioning itself as a citywide stage for blockchain and Web3 activity as MENA Blockchain Week opens a decentralised programme designed to connect founders, investors, institutions, regulators and technology communities across multiple venues. MENA Blockchain Week, known as MENABCW, has been launched as a seven-day initiative running from 18 to 24 May 2026, with Dubai serving not as a single conference location but as the broader […]
UAE President Sheikh Mohamed bin Zayed Al Nahyan welcomed Modi on arrival, underscoring the personal diplomacy that has become a defining feature of ties between the two leaders. The visit opened the first leg of Modi’s five-nation tour, which is scheduled to include the Netherlands, Sweden, Norway and Italy between May 15 and 20.
The Abu Dhabi stop carries immediate strategic weight for New Delhi as energy markets remain exposed to geopolitical pressure and supply uncertainty. Discussions between the two sides were centred on long-term energy arrangements, petroleum reserves, liquefied petroleum gas supply and a wider defence framework, reflecting the broadening scope of a relationship once driven largely by trade, remittances and crude oil.
Agreements signed during the visit covered defence cooperation, petroleum reserve collaboration and LPG supply. The defence pact points to a gradual shift in the partnership towards security coordination, technology exchange and maritime stability, particularly as both countries seek to protect trade routes and energy flows across the Arabian Sea, the Gulf and the wider West Asia region.
Energy remains the strongest pillar of the relationship. The UAE is among India’s key suppliers of crude oil and gas, while Abu Dhabi’s state-linked energy companies have already taken part in India’s strategic petroleum reserve programme. New Delhi has been seeking to expand reserve capacity as part of a long-term effort to cushion the economy from global supply shocks, currency pressure and price spikes.
For Abu Dhabi, the visit fits a broader strategy of deepening ties with major Asian economies while positioning the UAE as an energy, finance, logistics and technology hub. The UAE’s investment push into ports, renewable energy, infrastructure, food corridors and financial services has increasingly aligned with India’s priorities in manufacturing, digital infrastructure and supply-chain diversification.
Bilateral trade has grown strongly since the Comprehensive Economic Partnership Agreement came into force in 2022. The pact reduced tariffs on a wide range of goods and helped accelerate commerce in gems and jewellery, petroleum products, food, metals, machinery and services. Both sides have set ambitious targets to lift non-oil trade, while businesses have expanded their use of rupee-dirham settlement mechanisms and cross-border payment links.
The partnership has also moved deeper into technology. Artificial intelligence, digital public infrastructure, data centres, financial technology and advanced computing have emerged as major areas of cooperation, especially after high-level exchanges earlier this year involving Sheikh Mohamed and Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan. The proposed deployment of advanced computing infrastructure in India, with UAE-linked institutions and companies involved, has reinforced the technology dimension of the relationship.
People-to-people ties remain central to the diplomatic equation. The UAE hosts one of the largest overseas communities from India, with millions working across construction, services, health care, finance, aviation, education and technology. Their remittances and social links have long shaped the political warmth between the two countries, while improved consular services, labour welfare frameworks and easier travel arrangements remain important issues in bilateral engagement.
Modi’s Abu Dhabi visit also follows a sequence of symbolic gestures that have strengthened the public profile of the relationship. Sheikh Mohamed visited India in January this year, while senior members of Abu Dhabi and Dubai’s ruling families have taken part in major diplomatic and technology engagements. Modi’s 2024 visit to the UAE included the inauguration of the BAPS Hindu Mandir in Abu Dhabi, a project presented by both sides as a marker of tolerance and cultural connection.
Bitcoin traders are positioning for a possible push towards $90,000 after the CLARITY Act cleared a key Senate committee vote, giving digital asset markets their strongest regulatory signal from Washington this year. The largest cryptocurrency traded near $80,600 on Friday after briefly testing the $82,000 area, with market participants watching whether legislative momentum in the United States can extend a rally that has already lifted sentiment across […]
Arabian Post Staff -Dubai Zimbabwe’s export map is shifting sharply towards the Gulf, with the United Arab Emirates emerging as the country’s largest overseas market as trade, minerals sales and investment talks deepen between Harare and Dubai. Bilateral trade reached about US$4.1 billion last year, driven mainly by mineral exports and reinforced by a new pipeline of investment discussions covering mining, renewable energy, manufacturing, agriculture and logistics. […]
Circle’s first-quarter results have sharpened investor focus on whether its planned Arc network can turn USDC’s growing scale into a broader valuation story beyond reserve income. The stablecoin issuer reported total revenue and reserve income of $694 million for the first quarter of 2026, up 20 per cent from a year earlier, while USDC in circulation reached $77 billion at quarter-end. The operating picture, however, was more […]
Ondo Finance has opened a new route for tokenised US stocks and exchange-traded funds to move onto Hyperliquid, using LayerZero’s interoperability infrastructure to connect assets from Ethereum and BNB Chain to Hyperliquid’s HyperEVM environment. The move gives eligible users a way to transfer Ondo’s tokenised equity products through the Ondo Bridge and deploy them within one of decentralised finance’s most active trading ecosystems. The initial rollout covers […]
CapBridge Pte Ltd has teamed up with Sun Life Singapore to distribute SunBrilliance insurance solutions to high-net-worth individuals and family offices, strengthening its push beyond private-market investments into wealth protection and succession planning.
The collaboration gives CapBridge clients access to Sun Life Singapore’s SunBrilliance Indexed Universal Life II, a permanent life insurance product designed for families seeking cross-border wealth transfer, estate liquidity and long-term legacy planning. The product is targeted at global high-net-worth clients who want life cover alongside cash-value growth linked to market performance, while retaining protection against negative index returns.
CapBridge, a Singapore-headquartered digital investment platform and member of FOMO Group, has been expanding its wealth offering for mass affluent investors, HNWIs and institutional clients. Its platform provides access to private and public market opportunities, including funds, digital asset funds, stocks, bonds and equities, while also arranging life insurance products through licensed partners. The company is regulated by the Monetary Authority of Singapore and holds a capital markets services licence for dealing in capital market products and providing custodian services.
Sun Life Singapore, formally Sun Life Assurance Company of Canada Singapore Branch, is part of Sun Life Financial Inc., the Canada-based financial services group listed on the Toronto, New York and Philippine stock exchanges under the ticker symbol SLF. The Singapore branch focuses on wealth preservation, growth and transfer solutions for affluent and high-net-worth clients, positioning the city-state as a core hub for its Asian insurance and legacy planning business.
SunBrilliance Indexed Universal Life II is denominated in US dollars and offers whole-life coverage with a minimum sum assured of US$500,000. The product allows policyholders to allocate premiums to indexed and fixed accounts, with indexed returns linked to the S&P 500. It includes lifetime protection, flexible premium and death benefit arrangements, and downside protection through a guaranteed floor. The plan is positioned for clients seeking a balance between market participation and capital preservation in succession structures.
The tie-up comes as Singapore’s wealth management sector continues to attract family offices and internationally mobile capital. Single-family offices in Singapore rose to about 2,000 in 2024 from 1,650 a year earlier, reflecting the city-state’s appeal as a base for governance, investment structuring and succession planning. Wealth managers and insurers have been competing to serve families from Greater China, Southeast Asia, South Asia and the Middle East, many of whom are looking for multi-jurisdictional solutions that combine investment access, insurance, tax planning and estate continuity.
Demand for indexed universal life products has grown as wealthy families seek instruments that can provide insurance protection while allowing some participation in equity-market upside. Such products are often used to address estate tax liquidity, business succession, charitable planning and intergenerational asset transfer. They can also help families ring-fence assets for beneficiaries while maintaining flexibility in premium schedules and policy structures.
For CapBridge, the collaboration adds another layer to a platform that has already moved beyond private-market access into broader portfolio and wealth planning services. The company’s earlier partnerships in insurance and investment access show an effort to build a more integrated proposition for accredited and high-net-worth clients who prefer consolidated digital execution rather than dealing separately with brokers, banks, custodians and insurers.
For Sun Life Singapore, the arrangement widens distribution for its high-net-worth insurance suite through a digital platform serving investors already active in alternative assets and private markets. That client base is increasingly relevant for life insurers as family offices allocate more capital across private equity, private credit, structured products and global equities, while also requiring protection products to manage wealth transfer risk.
The collaboration also reflects a broader industry shift in Asia, where life insurers are moving closer to private banks, external asset managers and digital investment platforms. Insurance products are no longer being marketed only as protection tools; they are being embedded into wealth architecture, particularly for families with assets, heirs and business interests spread across several jurisdictions.
Arabian Post Staff -Dubai Dubai has cleared a regulated path for residents to pay government service fees using virtual assets, after Crypto. com’s UAE entity secured a Stored Value Facilities licence from the Central Bank of the UAE. The approval allows Foris DAX Middle East FZE, Crypto. com’s local entity, to activate its partnership with Dubai Finance and process payments for Dubai government fees through a framework […]
Binance Bahrain has renewed its ISO/IEC 27001 and ISO/IEC 27701 certifications, strengthening its information security and privacy credentials as regulated crypto platforms face rising scrutiny over user protection, operational resilience and compliance standards across the Gulf. The Manama-based crypto asset platform said the renewed certifications cover its information security management and privacy information management systems. The development places data governance at the centre of its Bahrain operations, […]
Ms Lee said, “Africa holds a strategic position in the Global South, representing a vital engine of growth in an era of global economic uncertainty. Interconnectivity is the key to unlocking this potential, and Hong Kong plays a strategic role in linking capital, talent, and innovation and technology between Africa, the Chinese Mainland, and international markets to drive high-quality, multilateral growth. As the Government’s arm for both inward investment and Chinese Mainland enterprises aiming to go global, InvestHK facilitates two-way investment through strategic market insights, extensive global access, targeted promotion and policy facilitation. ”
Ms Lee will visit Johannesburg from May 10 to 13 to meet with representatives from the local chambers, financial institutions, banks, fintech interests, and business and professional services sectors. Extending her mission to Kigali, Rwanda, from May 13, Ms Lee will represent InvestHK at the Africa CEO Forum to drive high-level exchanges with C-suite executives from the continent’s leading multinationals.
African enterprises establishing a presence in Hong Kong can benefit from a globally recognised common law system and Asia’s most competitive tax regime. Most recently, Hong Kong has further sharpened its competitive edge by announcing a halve in the profits tax to 8.25 per cent from the standard 16.5 per cent for qualifying physical commodity traders. By combining this fiscal incentive with the city’s status as the world’s pre-eminent offshore Renminbi hub, Hong Kong offers African commodities exporters a high-liquidity, efficient gateway to Asian markets.
In line with the advancement of the National 15th Five-Year Plan, Hong Kong is leveraging its status as a “super connector” and “super value-adder” to support national development. As China-Africa economic relations pivot towards high-value trade and investment, Hong Kong is uniquely positioned to accelerate two-way capital flows – spurring growth across finance, shipping, and innovation and technology.
Citing the South African national rugby team’s recent first-ever title at the Hong Kong Sevens, Ms Lee emphasised that such vibrant people-to-people connections are not merely symbolic, but serve as a meaningful foundation for driving bilateral economic connection.
Hashtag: #InvestHK
The issuer is solely responsible for the content of this announcement.
