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Larsen & Toubro is set to expand its data centre footprint to 32 megawatts by the end of March, commissioning 18 MW of new capacity as the engineering major sharpens its focus on digital infrastructure alongside emerging opportunities in green hydrogen and semiconductors.

The additional capacity will lift the group’s operational data centre load from the existing 14 MW, marking a decisive step in a segment that has become a core pillar of its technology-led growth strategy. The commissioning is scheduled to be completed before the close of the financial year, aligning with strong demand from cloud service providers, hyperscalers and large enterprises accelerating their migration to outsourced digital infrastructure.

Larsen & Toubro has steadily built its data centre business over the past few years, leveraging its engineering, procurement and construction capabilities to develop facilities that meet high standards for power efficiency, uptime and scalability. Executives have previously indicated that the group’s focus is on delivering carrier-neutral and hyperscale-ready campuses in key metros, where demand continues to outpace supply despite a wave of new announcements by domestic and global operators.

Industry estimates show that data consumption growth, artificial intelligence workloads and stricter data localisation norms are driving sustained investment in capacity across Asia. India remains one of the fastest-growing markets in this space, with several multinational cloud companies committing to expand their presence. Against this backdrop, L&T’s move to lift capacity by more than double underscores its intention to be a long-term player rather than a peripheral builder.

The data centre expansion is being pursued alongside the company’s ambitions in newer industrial segments. L&T has signalled that it is actively pursuing orders related to electrolysers, a critical component for producing green hydrogen, as governments and industrial groups accelerate decarbonisation plans. Electrolyser manufacturing and deployment are viewed as strategic areas where the company’s heavy engineering background can be translated into repeatable, export-oriented businesses.

Management has also reiterated interest in the semiconductor ecosystem, particularly in supplying equipment, engineering services and infrastructure for chip fabrication and assembly units. While L&T is not positioning itself as a chipmaker, it aims to capture value across the supply chain as multiple semiconductor projects move from proposal to execution stages. The company has indicated that it is evaluating opportunities linked to cleanroom construction, precision engineering and advanced manufacturing systems required by chip plants.

Analysts tracking the capital goods sector note that diversification into data centres and clean energy-linked manufacturing provides a hedge against cyclicality in traditional infrastructure spending. Order inflows from transport, hydrocarbons and power transmission remain important for L&T, but newer verticals are expected to deliver higher margins and longer visibility once scale is achieved.

The data centre business, in particular, benefits from predictable long-term contracts and rising demand for energy-efficient facilities. Power availability and cooling efficiency have become critical differentiators as operators seek to control operating costs and meet sustainability targets. L&T has highlighted its emphasis on optimised designs, modular construction and integration of renewable energy where feasible, in response to customer requirements.

From a financial perspective, the 18 MW commissioning is not expected to materially strain the balance sheet, given the group’s strong cash flows and diversified revenue base. The company has historically funded growth through a mix of internal accruals and selective partnerships, and similar structures are being explored for digital infrastructure projects to manage risk and accelerate execution.

Market participants also point to the broader ecosystem benefits of large data centre builds, including demand for electrical equipment, cooling systems, specialised construction and long-term maintenance services. This creates opportunities for L&T to cross-leverage capabilities across its subsidiaries and verticals, reinforcing the strategic rationale behind the expansion.

Marvel at the Whimsical Gallop of Horses Adorned in Embroidered Artistry, Alongside an AI Fai Chun Photo Booth and Joyful New Year Rewards

HONG KONG SAR – Media OutReach Newswire – 6 February 2026 – This Chinese New Year, Pacific Place and Starstreet Precinct invite you to take a joyful gallop into the Year of the Horse with ‘Whimsical Gallop’ — a celebration that blends artistry, imagination and auspicious cheer. From 5 February to 3 March 2026, the mall is transformed into a contemporary Chinese garden awash in soft, nature-inspired pink hues. Leading the way is a striking 3.5-metre-tall embroidered horse in Park Court, alongside three other beautifully adorned horses brought to life by Hong Kong embroidery atelier YLYstudio. Together, this quartet of horses brings luck and fortune to all.

Beyond the installations, the festivities continue with thoughtful and playful experiences. Create your own personalised blessings at the ‘Splendid Blessings’ AI Fai Chun Photo Booth, and enjoy ‘Galloping Joy’ New Year Shopping Rewards with festive ‘Blooming Splendour’ Lai See packets and exclusive shopping treats. The celebration culminates with lively jazz tap dance performances and a lion dance parade, bringing heritage and modern festivity together for everyone to enjoy.

A Garden Where Embroidery Meets Imagination

Across the mall and into Starstreet Precinct, visitors are immersed in a fantastical Chinese landscape of embroidered ornaments, blooming florals, lanterns and gazebos. YLYstudio dedicated over 1,000 hours to handcrafting more than 590 ornaments featuring eight auspicious motifs — feathers, birds, pomegranates, coins, flowers, four-leaf clovers, ladybirds, and clouds — using over 80 types of sequins, threads, and ribbons. These motifs are showcased on the four horses, spreading good fortune while enriching the festive landscape with depth and artistry.

‘Blooming Splendour‘ Lai See Packets – Celebrate the Year of the Horse with Flourishing Flowers

The ‘Blooming Splendour’ Lai See packets are inspired by the elegance of embroidery. They feature delicate floral motifs rendered with painterly precision, blending layers of red, pink, and orange threads to create a sense of graceful movement. At the heart of the design, a sculpted floral emblem evokes abundance, beauty, and new beginnings, enriched with pearl-like accents recalling couture embroidery techniques, where beads, sequins and threads are meticulously layered.

Each set includes 10 Lai See packets in two harmonious colourways, accompanied by a velvet pouch in either soft pink, adorned with a pomegranate charm, or rich green, accented with a lucky four-leaf clover charm. These detachable embroidered charms are thoughtfully designed to be worn or styled long after the festive season, carrying the spirit of prosperity and good fortune throughout the year.

‘Galloping Joy‘ – Elevate Your Experience with Exclusive Shopping Rewards

From 5 to 16 February 2026, shoppers can enjoy festive privileges designed to usher in a prosperous year, including exclusive ‘Blooming Splendour’ Lai See packets, movie ticket exchange coupons, Pacific Place shopping e-vouchers and gourmet treats.

*Shoppers are required to join the Pacific Place Loyalty Programme – above and meet the accumulated same-day spending requirement by electronic payment during the Promotion Period in order to be entitled to redeem Shopping Rewards. The Rewards are limited in quantity and are available on a first-come, first-served basis while stocks last. Other Terms and Conditions apply.

Redemption Period: 5 – 16 February 2026
Redemption Location: Gift Redemption Counter, Level L1 (near Theory)
Redemption Hours: 11am – 10pm

Where Hooves Move to the Rhythm

The Year of the Horse arrives in a dance of joy. Step Out Studio and fellow tap dancers will be tapping out the heartbeat of the season, their rhythms galloping alongside the soaring notes of Jazz Band led by Nate Wong. Together, they will conjure a celebration where artistry and vitality run free. After the lions are awakened in an eye‑dotting ritual, our lion dance parade will unfurl like a living tapestry of tradition — spreading fortune, unity and exuberance throughout the mall, and inviting everyone to stride boldly into the year ahead.

Join the ‘Whimsical Gallop’at Pacific Place and Starstreet Precinct this Chinese New Year — where embroidered artistry, festive celebrations, and joyful rewards come together to welcome a year filled with good fortune and blooming possibilities.

Hashtag: #WhimsicalGallop #HorseInBloom #GallopingJoyAtPP

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

About YLYstudio

YLYstudio is a Hong Kong-based embroidery atelier celebrated for blending traditional craftsmanship with contemporary design. Founded by Lilian Tsang Lai Yu and Matt Hui Yip Long, the studio brings decades of global fashion experience and artistry to every creation.

Lilian Tsang previously served as chief designer for a Hong Kong fashion label and honed her craft at LECOLE LESAGE, the prestigious haute couture embroidery school owned by the Chanel Group in Paris. She also interned at Elisabeth Gasbarre Rousseau Haute Couture Studio in Lyon, France. With a deep passion for teaching, Lilian now shares her embroidery expertise in Hong Kong, inspiring a new generation of artisans.

Matt Hui is a Hong Kong-based fashion designer graduated from the Royal College of Art in 2013. Passionate about the creative process and fine workmanship, he has collaborated on stage costumes for renowned singers including Panther Chan and Bondy Chiu. Since 2024, Matt has also ventured into the film industry as a custom tailor, contributing to international productions such as Ballad of a Small Player and Emmanuelle.

About Pacific Place

Located in the heart of Admiralty, Pacific Place is the destination for exceptional service and unique experiences. As a pioneer of innovative retail concepts in Hong Kong, Pacific Place continues to transform the retail scene by delighting visitors with an array of curated experiences through diversified offerings. Since its inception in 1988, Pacific Place has established itself as Hong Kong’s premier lifestyle hub, a mixed-use development that continues to evolve and grow as the ultimate destination to shop, dine, work, stay, relax and play. It houses one of Hong Kong’s largest collections of luxury brands and diverse dining offerings, making every visit a memorable one. In addition to being a prime transportation hub, Pacific Place is home to five Grade-A office towers, 268 serviced apartments, and four five-star hotels: The Conrad, Island Shangri-La, JW Marriott and Upper House Hong Kong.

About Starstreet Precinct

Starstreet Precinct is a vibrant destination in Wan Chai, comprised mainly of Wing Fung Street, Star Street, Moon Street, Sun Street, and St. Francis Yard. Over the years, the neighbourhood has evolved from a quaint, historic landmark, into an eclectic hangout hotspot for those with a unique sense of style and character. Filled with cosy cafés, restaurants, bars, boutique shops with the most coveted fashion selections, galleries and interior design stores, the precinct offers an array of day-to-night experiences. With a focus on community and a passion to foster a sustainable lifestyle for all, Starstreet Precinct and its tenants are collectively working to build a better future together. Connected to Pacific Place and Admiralty station through the Three Pacific Place underground link, the neighbourhood is a hidden gem in the heart of Hong Kong.

To expand AI application scenarios and enhance enterprises’ competitiveness, the Hong Kong Productivity Council (HKPC) is hosting the inaugural “AI with HKPC” Smart Solutions Showcase Series, which officially opens today. Professor SUN Dong, Secretary for Innovation, Technology and Industry, HKSAR Government, and the Hon Sunny TAN, Chairman, Hong Kong Productivity Council, officiated at the opening ceremony, underscoring the Government’s and the industry’s shared determination to drive the broader adoption of AI applications. Registration for the event has been enthusiastic, with over 3,000 representatives from the Government, industry, academia and research communities expected to attend, reflecting the “AI for all” trend and strong market demand for digital solutions.

The three-day event focuses on three major themes, including empowering SMEs, digitalised education, and smart property, showcasing nearly 100 ready-to-deploy AI solutions covering diverse scenarios such as operations management, customer interaction, school administration and teaching, and building maintenance. It marks AI’s shift from concept demonstrations to real-world deployment, injecting practical momentum into Hong Kong’s new industrialisation and smart city development.

Professor SUN Dong, Secretary for Innovation, Technology and Industry, HKSAR Government, said: “AI is transforming the world at an unprecedented pace. Hong Kong, with its unique strengths in research foundation, international talent pool and open market environment, provides the ideal soil for advancing the industrialisation of AI. The HKSAR Government has been promoting the development of AI in a comprehensive manner across research, computing power, data, talent and funding. HKPC also actively assists enterprises in mastering AI technologies and enhancing AI governance, not only laying a solid foundation for application by businesses, but also nurturing digitally skilled talent with a vision for the future and driving the continuous upgrading of industries. HKPC has long supported and worked closely with the HKSAR Government in advancing innovation and technology development. Let us continue to work hand in hand and seize opportunities, and jointly propel Hong Kong to become a leading pioneer of smart transformation in Asia”.

The Hon Sunny TAN, Chairman of Hong Kong Productivity Council, said: “HKPC actively responds to the national ’15th Five-Year Plan’ recommendation and fully supports the HKSAR Government’s direction of promoting the deep integration and application innovation of AI across various industries. This showcase aims to build a transformation bridge from ‘seeing’ to ‘doing’, not only demonstrating the broad potential of AI technologies, but also providing actionable and scalable pathways to help enterprises extend pilot projects into full-scale deployment, thereby realising AI-driven industry transformation.” He further noted, “As AI adoption accelerates, robust cyber security protection is the foundation for responsible AI use. According to the latest report from the Hong Kong Computer Emergency Response Team Coordination Centre, local cyber security incidents in 2025 rose by 27% year-on-year, reaching a record high. HKPC will continue supporting enterprises in building a secure and trustworthy AI application environment, so the industry can innovate with confidence and transform with assurance.”

The “AI with HKPC” Smart Solutions Showcase Series focuses on four common pain points enterprises face during AI transformation, which is “integration challenges, insufficient funding, security concerns, and talent shortage”. Guided by the philosophy of “technology as a bridge, industry as the foundation,” HKPC promotes the popularisation and industrialisation of AI applications. Through the showcase, local SMEs can gain deeper understanding of practical AI use cases across business operations, while also accessing a series of technical solutions and services. HKPC’s self-developed multipurpose AI platform “HKPC Picasso,” aims to respond to the “integration challenges” commonly faced by most enterprises in AI transformation, with “ease of use” as the core concept, providing an end-to-end and executable AI transformation support system for the common needs of different industries. It currently offers six large language model (LLM) modules, over 30 commonly used functional modules, and around 40 applications, supporting rapid development and deployment of smart solutions. This significantly lowers development costs and technical barriers, enabling enterprises to deploy and launch customised AI systems within several weeks. The platform makes AI more accessible, empowering SMEs to kick-start smartification transformation with ease.

HKPC also provides AI Governance and Testing Services to help enterprises address “security concerns”. The services cover AI governance framework design, ethics and compliance review, data privacy assessment, AI content and model security testing, as well as enhancements to model transparency, supporting enterprises in optimising AI systems to meet international standards and establishing a sustainable and responsible AI application framework. In addition, to tackle the “talent shortage” pain point, HKPC offers supporting AI-related training courses to strengthen enterprises’ understanding and practical capabilities in AI application. This helps build a solid foundation for AI transformation while ensuring safety, compliance and public trust throughout technological development.

“AI with HKPC” Nearly 100 Hands-on, Ready-to-Deploy AI Use Cases Across Three Themes

1) Empowering SMEs for the AI Era​ Solution Day (5–6 February)

Aligned with the 2025 Policy Address direction of supporting SMEs in digitalisation and smartification transformation, the showcase features five exhibition zones, presenting “ready-to-use, fast-impact, low-barrier” AI solutions such as AI-powered accounting, process automation, intelligent customer service, and collaboration tools. These solutions cover operations, infrastructure, security, marketing and talent management. The showcase also introduces AI applications incubated through the “HKPC Picasso” platform and HKPC’s AI governance services, helping SMEs explore transformation pathways based on their needs.

All solutions are sourced from HKPC’s free platform Digital DIY, which integrates trusted AI solutions from Hong Kong and the Chinese Mainland. Addressing SMEs’ pain points of “limited channels and difficulty in choosing,” the platform provides efficient matching and clear adoption guidance—accelerating transformation and enhancing competitiveness.

2) AI in Education Forum Series & Showcase (5–6 February)

To support the HKSAR Government’s push for digital education and the Education Bureau’s AI for Empowering Learning and Teaching Funding Programme, HKPC co-organises the AI in Education Forum Series & Showcasewith the Education Bureau and Hong Kong Education City, helping schools grasp policy directions, technology solutions and AI teaching planning.

The event features over 60 AI education solutions, including language learning, SEN support and smart assessment, and for the first time centrally showcases 22 projects under the Quality Education Fund (QEF) e-Learning Ancillary Facilities Programme (eLAFP) developed by universities and institutions. The seminar series includes a principals’ forum themed “Achieve More with Less: AI Integration Strategies for Hong Kong Schools,” where primary and secondary school principals share hands-on experience. HKPC Academy will also introduce how schools can leverage Government funding to effectively integrate AI into school-based teaching, learning and administration to improve efficiency.

3) AI Driven Solutions for Smarter Property Sharing Session (9 February)

The AI-Powered Smarter Property Management Sharing Sessionon 9 February will align with the smart building development blueprint under Smart City Blueprint 2.0, as well as the HKSAR Government’s advocacy for deeper AI integration across industries. It aims to help the industry understand emerging AI applications in property management.

The session will feature multiple AI technologies developed by HKPC, including Water Tank Cleaning Robot successfully piloted with Jones Lang LaSalle, Pureland Drone Facade Cleaningwith advantages for high-altitude work safety, Recycling Bin Transporter utilising automation, AI, and sensor technologies, and anAutonomous Wheelchair suitable for elderly and persons with disabilities, demonstrating how innovation can enhance building management efficiency, improve resident experience, and advance sustainable urban development.

Click here to download the high-resolution photos

Photo caption:

1. The Hon Sunny TAN, Chairman of the Hong Kong Productivity Council, delivers a speech at the opening ceremony, encouraging SMEs to adopt AI to enhance competitiveness and operational efficiency.

2. Professor SUN Dong, Secretary for Innovation, Technology and Industry, HKSAR Government, attends the opening ceremony of the “AI with HKPC” Smart Solutions Showcase Series, supporting the popularisation and practical deployment of AI.

3. Mr Edmond LAI, Chief Digital Officer of HKPC, delivers a keynote speech explaining the core value of HKPC’s self-developed multipurpose AI platform “HKPC Picasso” and how it addresses enterprises’ transformation pain points.

4. The officiating move guests and industry representatives take a group photo to witness the grand opening of the three-day “AI with HKPC” Smart Solutions Showcase Series, marking AI’s toward broader adoption and industrialisation.

5. The showcase features multiple AI application solutions tailored for SMEs, covering smart operations, data analytics and customer experience, attracting many industry visitors for exchanges.

Hashtag: #HKPC

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

About the Hong Kong Productivity Council

The Hong Kong Productivity Council (HKPC) is a statutory body established in 1967, dedicated to enhancing the productivity and competitiveness of Hong Kong enterprises through world-class applied R&D, innovative technology services, and integrated manufacturing solutions. As a market-oriented, international R&D organisation, HKPC leverages its deep expertise and extensive industry experience in key areas such as AI, advanced manufacturing, life and health technology, green technology and new energy to drive new industrialisation and support the growth of emerging and future industries.

HKPC focuses on addressing businesses challenges and industrial technology needs, promoting the full integration between technological and industrial innovation. Through technology transfer, product innovation, intellectual property protection and commercialisation of R&D outcomes, the Council fosters collaboration with the local business community as well as top global R&D institutions, delivering added value to industries and advancing the development of new productive forces. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades, reinforcing Hong Kong’s role as an international innovation and technology centre and a smart city.

To help enterprises capitalise on Hong Kong’s strengths in international connectivity to expand into global markets, HKPC offers comprehensive overseas expansion services tailored to critical areas including product development, technology, manufacturing, and management, enabling businesses to successfully go global from Hong Kong.

HKPC is also committed to providing timely and practical support to SMEs and startups with timely and practical, assisting them in accessing Government funding programmes. Through its FutureSkills training initiatives, HKPC helps both industry and academia stay ahead in latest digital and STEM technologies, nurturing a future-ready talent pool for Hong Kong.

For more information, please visit HKPC’s website: www.hkpc.org/en.

• Sales after nine months up on previous year, increasing by some 6.1 percent
• Adjusted EBITDA considerably better than in previous year – efficiency measures having a clear impact
• Incoming orders down on previous year, as expected, due to underlying economic conditions and absence of drupa effect
• Successful positioning in security, defense, and energy technologies
• Full-year forecast confirmed despite challenging environment

HEIDELBERG, GERMANY – News Aktuell – 5 February 2026 – After nine months of financial year 2025/26 (April 1 to December 31, 2025), developments at Heidelberger Druckmaschinen AG (HEIDELBERG) are in line with expectations. The company has achieved a considerable improvement in its profitability and is also resolutely pressing ahead with its strategic transformation, moving into new areas of business that are enjoying strong growth. Notwithstanding the challenging environment, sales after three quarters climbed to € 1,602 million – some 6.1 percent higher than the previous year’s figure of € 1,509 million – despite negative exchange rate effects amounting to around € 44 million compared with the equivalent period of the previous year. Business in Europe and with packaging and label printing presses saw particularly positive development during this period. At € 617 million, the sales figure for the third quarter was around 4 percent higher than in the equivalent quarter of the previous year and continued the quarter-on-quarter sales growth so far in the current financial year.

The adjusted operating result (EBITDA) after nine months increased significantly to € 114 million (adjusted figure for equivalent period of previous year: € 86 million) and the adjusted EBITDA margin improved considerably to 7.1 percent (equivalent period of previous year: 5.7 percent). Implementation of the personnel and efficiency measures envisaged in the plan for the future is having a clear impact. For example, production costs and total working costs improved compared with the corresponding period of the previous year. The personnel cost ratio was lower than in the first nine months of the previous year, falling to 36 percent (equivalent period of previous year, adjusted for special items: 39 percent). The company is expecting personnel costs as a whole to remain below the previous year’s figure for the rest of financial year 2025/26.

Incoming orders after nine months totaled € 1,628 million (previous year: € 1,823 million). Allowing for the fact that drupa resulted in the previous year being very strong, they were therefore in line with expectations. During the reporting period, the company saw a significant impact from negative exchange rate effects amounting to some € 46 million. Incoming orders in the third quarter stood at € 517 million (corresponding quarter of previous year: € 550 million). The development of incoming orders in the third quarter was particularly positive in the Americas Region, where they were up 17 percent on the equivalent quarter of the previous year.

HEIDELBERG pressing ahead with strategic transformation and tapping into new growth markets

Despite a market environment that remains challenging, HEIDELBERG is consistently pursuing its strategic transformation. Based on its strong industry and systems expertise, the company is systematically tapping into additional markets in the areas of defense, security, energy, charging infrastructure, and industrial system solutions. One key aspect of this process is combining all relevant activities under HD Advanced Technologies GmbH. This strategic further development is building HEIDELBERG a stronger future and opening up long-term growth opportunities.

In the HEIDELBERG Technology segment, sales after nine months totaled € 42 million – slightly higher than the previous year’s figure of € 41 million. Even though the development of sales is moderate at present, the strategic measures that have been initiated provide a basis for HEIDELBERG Technology to potentially make a much bigger contribution to business as a whole. In particular, the continuing strategy of tapping into new industries and the creation of new business models are raising expectations of a positive sales trend in the coming years.

“The measures we have initiated are confirmation of our growth plan,” says Jürgen Otto, CEO of Heidelberger Druckmaschinen AG. “Both strategically and operationally speaking, HEIDELBERG is extremely well positioned to actively hone this plan and leverage additional opportunities in dynamic future markets,” he adds.

Core business lays foundations for transformation

At the same time as new areas of business are being unlocked, the company’s core business is also developing robustly. In the Print & Packaging Equipment segment, HEIDELBERG is benefiting from its strong market position in packaging and label printing. In the reporting period, this segment’s sales increased to € 804 million (previous year’s figure: € 705 million). In the Digital Solutions & Lifecycle segment, the company is further expanding its role as a systems integrator – with hybrid printing, software, and service solutions as part of a digital ecosystem. In this segment, HEIDELBERG achieved nine-month sales of € 755 million (previous year’s figure: € 763 million).

“Our strength lies in the intelligent way we combine presses, software, and service operations,” says Dr. David Schmedding, Chief Technology & Sales Officer. “By specifically expanding our digital printing portfolio and launching new high-performance systems such as the Jetfire 75, we are creating additional growth potential – both in our core business and beyond,” he emphasizes.

The free cash flow of HEIDELBERG after three quarters was € -81 million, an improvement on the previous year (equivalent period of previous year: € -97 million). As expected, however, it was still negative. This is due to the Polar acquisition and restructuring costs in the high single-digit million-euro range. The net result after taxes of € 17 million after nine months represented a significant increase (corresponding period of previous year: € -42 million).

Full-year forecast confirmed despite challenging environment

The company is confirming its forecast for financial year 2025/26. A healthy order backlog, the current efficiency measures, and systematic implementation of the strategy are laying the foundations for achieving its targets. In view of macroeconomic developments, taking into account the various opportunities and risks, and assuming the global economy does not see weaker growth than predicted by the relevant institutions, the company is expecting sales of around € 2,350 million in financial year 2025/26 (2024/25: € 2,280 million). In view of the significant exchange rate effects, the continuing weak macroeconomic situation, and the uncertain trade situation, the company is assuming the increase in the adjusted EBITDA margin will be toward the lower end of the predicted range of up to 8 percent (previous year: 7.1 percent).

Image 1: A team from the Hoifu Group, gathered around Chairman Ou Shun Chou (front row, sixth from the left), with HEIDELBERG representatives including Steven Hou, General Manager South China, and Michael Nilges, Managing Director of the Shanghai site (front row, seventh and eighth from the left), during acceptance testing for the 1,000th Speedmaster CX 104 at the HEIDELBERG site in Shanghai.

Image 2: The digital printing line at rubmedia includes a Jetfire 50 and a Versafire LV from HEIDELBERG, as well as the corresponding postpress equipment. The media house can use this line for the complete, industrialized in-house production of personalized and high-quality short runs.

Image 3: The HEIDELBERG Customer Portal is already the digital control center for over 3,000 print shops worldwide – a figure that is set to keep on growing.

Image material and further information about the company are available in the Investor Relations portal and Press Lounge of Heidelberger Druckmaschinen AG at www.heidelberg.com.

Important note:

This release contains forward-looking statements based on assumptions and estimates by the management of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the management is of the opinion that these assumptions and estimates are accurate, the actual future development and results may deviate substantially from these forward-looking statements due to various factors, such as changes in the overall economic situation, in exchange and interest rates, and within the print media industry. Heidelberger Druckmaschinen Aktiengesellschaft provides no guarantee and assumes no liability for future developments and results deviating from the assumptions and estimates made in this press release.
Hashtag: #HEIDELBERGDruckmaschinenAG

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

About HEIDELBERG

Heidelberger Druckmaschinen AG (HEIDELBERG) is a leading technology company that has been standing for innovation, quality, and reliability in mechanical engineering worldwide for 175 years. With a clear focus on growth and as a total solution provider, HEIDELBERG is driving further development in the core areas of packaging and digital printing, software solutions, and lifecycle business with service and consumables so that customers can achieve maximum productivity and efficiency. The company is also focusing on expanding into new business areas such as high-precision plant engineering with integrated control systems, automation technology, robotics, and the growing green technologies sector. With its strong international presence in approximately 170 countries, the creative power and expertise of its roughly 9,500 employees, its own production facilities in Europe, China, and the USA, and one of the largest global sales and service networks, the company is ideally positioned for future growth.

The Honourable Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of the Hong Kong Special Administrative Region, officiated at the forum and expressed, “The country has consistently given strong support to Hong Kong’s development of innovation and technology. Whether in the ’14th Five‑Year Plan’ or in the recommendations for the ’15th Five‑Year Plan’, there is clear support for Hong Kong to develop into an international innovation and technology hub”. He added, “Looking ahead, we will continue to proactively align with national development strategies, promote the deep integration of technological innovation and industrial innovation, and further strengthen the linkage between technology and industry. We will encourage enterprises to devote more effort in research and development, expand the scope of technology applications, and nurture innovative enterprises with an international outlook and forward-looking vision, driving the economy toward a high value-added and more diversified future”.

The Honourable Sunny TAN, Chairman of Hong Kong Productivity Council, said in the closing remarks, “The ’15th Five-Year Plan’ brings significant and far-reaching development opportunities to Hong Kong. At the Political Bureau of the Communist Party of China Central Committee’s recent group study session, President Xi Jinping urged adopting a strategy whereby industry poses questions and science and technology provide the answers. HKPC will continue to play an active role in promoting innovation and industrial upgrading, closely echoing the overall development strategies of the national and HKSAR Government, and making good use of innovative technologies to address business challenges, providing comprehensive support to enterprises to accelerate their upgrading and transformation, enhance their competitiveness, and seize new opportunities”.

Unlocking Hong Kong’s Connectivity Advantages and Gathering Leadership Wisdom

The “ForeSight Visionary Leaders Panel” was held at the day, moderated by Mr Vincent WONG, Columnist and Media Veteran, and invited industry leaders including Ms ZHI Tao, Founder of Beijing Yunji Technology Ltd., Mr WANG Yong Chao, Founder and Chairman of Henan Oriental Materials Company Ltd., Mr Jonathan CHIU, President of Schneider Electric Hong Kong, Mr Peter YAN, JP, Director-General, Office for Attracting Strategic Enterprises of the Government of the Hong Kong Special Administrative Region, and Mr Mohamed D. BUTT, MH, Executive Director of Hong Kong Productivity Council, to share their insights. The topic features three key areas of enterprise going global, technological empowerment and talent development, and delved into the practical experience of how enterprises can achieve innovation-driven and high-quality development under the national “15th Five-Year Plan” through Hong Kong’s role as a “bridgehead”, Chinese brands going international through Hong Kong, Hong Kong’s advantages in technical support and innovative talent gathering, and how it can provide the Chinese Mainland enterprises with a one-stop platform for upgrading and going globally.

Realising the Full Empowerment of Enterprises to “Go Global”

HKPC echoes the national and HKSAR Government’s development strategies to address business challenges and industrial technology needs. Over the years, HKPC has successfully assisted many Chinese Mainland and local enterprises in expanding overseas markets, with many of these expansions implemented in Southeast Asia, Europe, ASEAN and the Middle East, etc., achieving upgrades and internationalisation. In recent years, HKPC and OASES have jointly established an “introduction-application-growth-go global” service model to help enterprises go global, with success cases include Westwell, Yunji Technology, UNISEE, etc. HKPC will continue to work with OASES to leverage the advantages of “Made in Hong Kong” to help enterprises connecting the world through Hong Kong.

Mr Peter YAN, JP, Director-General, Office for Attracting Strategic Enterprises of the Government of the Hong Kong Special Administrative Region, said, “Hong Kong possesses a robust financial system, deep talent pool, and an international environment that integrates with international regulations, standards and operation practices. Coupled with the government’s relevant industry policies and long-established overseas networks, Hong Kong provides unique support for Chinese Mainland enterprises to use Hong Kong as a base to go global, as well as for overseas enterprises to development in the GBA. OASES is dedicated to attracting global strategic enterprises from five strategic I&T sectors, actively aligning with the national 15th Five-Year Plan. We provide comprehensive landing support services and assist enterprises in establishing their ‘first project’ in Hong Kong, fully leveraging Hong Kong’s role as a ‘Super Connector’ and ‘Super Value-Added'”.

At the same time, HKPC, as a member of the GoGlobal Task Force of the HKSAR Government, will continue to focus on providing “Six Tactics to Go Global” for enterprises through “The Cradle Go Global Service Centre” (The Cradle), including smart production, Technology research and development and evaluation, international standards and testing, professional services, training and on-site visits, and funding schemes, to support Hong Kong to leverage its unique advantages and empower enterprises to expand overseas with high quality.

Since its establishment in April, The Cradle has attracted more than 350 companies that have expressed interest in using its services. Among these, over 100 cases have entered a concrete follow‑up stage. Together with overseas expansion projects supported prior to its establishment, the cumulative total exceeds 450 cases.

For more details, please watch the video “Six Tactics to Go Global“.

Bringing the strengths of Government, Industry, Academia, Research and Investment to Build an Innovative Industrial Ecosystem

HKPC has been working closely with the government, industry, academia, research and investment sectors to promote new industrialisation and enhance the new quality productive forces of industries, including:

• The major project led by Harbin Institute of Technology on key technologies and equipment for circular economy: Provide dynamic identification and big data resource pool construction solutions for multi-source solid waste in megaurban agglomerations
• The project led by Jiangsu University on wheat green smart processing and key technology integration and industrialisation demonstration: Provide core technical support such as AI and the Internet of Things
• Tsinghua University: Jointly established a technology centre to focus on the industrial transformation of intelligent manufacturing and AI technology
• Zuquan Research Institute of Fudan University: Signed a cooperation agreement to promote collaboration and transformation of scientific and technological outcomes between Shanghai and Hong Kong

HKPC will continue to promote cross-sectoral dialogue between government, industry, academia, research and investment, focusing on the implementation of future industries and technology applications, and helping to build Hong Kong into a key node in the global I&T value chain.

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1. HKPC’s annual flagship event, “ForeSight 2026”, themed “Empowering the Innovation Ecosystem and Bridging Hong Kong with New Opportunities under the 15th Five‑Year Plan,” brought together numerous government and business leaders.
2. The Honourable Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of the Hong Kong Special Administrative Region, delivered a speech as the guest of honour at the “ForeSight 2026”, pointing out that going forward, efforts will continue to proactively align with national development strategies and promote the deep integration of technological innovation and industrial innovation.
3. The Honourable Sunny TAN, Chairman of the Hong Kong Productivity Council and Legislative Council Member, said in his closing remarks that the Productivity Council will leverage innovation and technology to address enterprises’ real pain points, provide all‑round support to help enterprises accelerate their upgrading and transformation, enhance competitiveness, and seize new opportunities.
4. The Honourable Paul CHAN Mo‑po, Financial Secretary of the Government of the Hong Kong Special Administrative Region, GBM, GBS, MH, JP (centre); The Honourable Sunny Tan, Chairman of the Hong Kong Productivity Council and Legislative Council Member (second from right); Mr Peter YAN, JP, Director-General, Office for Attracting Strategic Enterprises (second from left); Mr Emil YU, BBS, JP, Deputy Chairman of the Hong Kong Productivity Council (far right); and Mr Mohamed D. BUTT, MH, Executive Director of the Hong Kong Productivity Council (far left), attended HKPC’s annual flagship event, “ForeSight 2026”.
5. Moderated by veteran media professional Dr. Vincent WONG, industry leaders shared their insights at the “ForeSight Visionary Leaders Panel”.

(From right to left) Mr Peter YAN, JP, Director-General, Office for Attracting Strategic Enterprises; Mr Jonathan CHIU, President, Hong Kong, Schneider Electric Hong Kong; Mr WANG Yong Chao, Founder & Chairman of Henan Oriental Materials Company Limited; Ms ZHI Tao, Founder of Beijing Yunji Technology Ltd.; and Mr Mohamed D. BUTT, MH, Executive Director of the Hong Kong Productivity Council.

Hashtag: #HKPC #Foresight2026

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

About Hong Kong Productivity Council

The Hong Kong Productivity Council (HKPC) is a statutory body established in 1967, dedicated to enhancing the productivity and competitiveness of Hong Kong enterprises through world-class applied R&D, innovative technology services, and integrated manufacturing solutions. As a market-oriented, international R&D organisation, HKPC leverages its deep expertise and extensive industry experience in key areas such as AI, advanced manufacturing, life and health technology, green technology and new energy to drive new industrialisation and support the growth of emerging and future industries.

HKPC focuses on addressing business challenges and industrial technology needs, promoting the full integration between technological and industrial innovation. Through technology transfer, product innovation, intellectual property protection and commercialisation of R&D outcomes, the Council fosters collaboration with the local business community as well as top global R&D institutions, delivering added value to industries and advancing the development of new productive forces. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades, reinforcing Hong Kong’s role as an international innovation and technology centre and a smart city.

To help enterprises capitalise on Hong Kong’s strengths in international connectivity to expand into global markets, HKPC offers comprehensive overseas expansion services tailored to critical areas including product development, technology, manufacturing, and management, enabling businesses to successfully go global from Hong Kong.

HKPC is also committed to providing timely and practical support to SMEs and startups with timely and practical, assisting them in accessing Government funding programmes. Through its FutureSkills training initiatives, HKPC helps both industry and academia stay ahead in latest digital and STEM technologies, nurturing a future-ready talent pool for Hong Kong.

For more information, please visit HKPC’s website: www.hkpc.org/en.

By Nitya Chakraborty Nearly 48 hours after Donald Trump’s announcement about the India-US trade deal and Narendra Modi’s confirmation in his telephonic conversation, much has been written in the media by the experts, mostly following the lead given by the commerce minister Piyush Goyal in his press meet on Tuesday as to what positive impacts […]

The article Trump Has Linked India-US Trade Deal To India Acting As Partner In His Pacific Strategy appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Cochin International Airport Ltd has begun the procurement process for hydrogen fuel cell electric buses, positioning the Kochi hub to operate what is being described by officials as the country’s first airport-based fleet powered entirely by hydrogen. The move places ground transport at the airport within a wider transition to low-emission mobility and aligns with Kerala’s push to build a hydrogen ecosystem tied to national climate and energy goals.

The plan covers the purchase and operation of three hydrogen fuel cell buses to handle airside passenger movement, a segment traditionally dominated by diesel vehicles. Airport authorities say the buses will be deployed on routes linking terminals and remote aircraft bays, where stop-start driving and idling make emissions reductions particularly challenging. The project is being executed by Cochin International Airport through its airport operating company, which has already gained global attention for running entirely on solar power.

The initiative forms part of the Kerala Hydrogen Valley programme, a state-led framework intended to aggregate demand, anchor pilot projects and attract private investment into hydrogen production, storage and end-use. State officials describe the airport deployment as a visible demonstration use case that can validate hydrogen technology in public transport settings and reduce perceived risk for other operators. The hydrogen valley concept is designed to link generation from renewable sources with consumers such as mobility providers, ports and industrial users, building scale over time rather than relying on isolated pilots.

At the national level, the project sits under the National Green Hydrogen Mission, which targets the creation of a domestic hydrogen market and seeks to lower the cost of green hydrogen through incentives, demand aggregation and infrastructure support. The mission, backed by the Government of India, prioritises applications where hydrogen can displace fossil fuels in hard-to-abate sectors, including transport, fertilisers and refining. Aviation ground operations have emerged as a promising niche because fleets are centrally managed and refuelling can be controlled within secure perimeters.

Airport officials say the buses under procurement will be fuel cell electric vehicles, generating electricity onboard through a chemical reaction between hydrogen and oxygen, with water vapour as the only tailpipe emission. Compared with battery-electric buses, hydrogen vehicles offer faster refuelling and longer range, features considered important for continuous airport operations. The buses will require dedicated refuelling infrastructure within the airport campus, and plans include on-site safety systems and training for personnel handling hydrogen.

Industry analysts note that hydrogen mobility in the country remains at an early stage, with high vehicle costs and limited refuelling networks acting as constraints. Fuel cell buses can cost several times more than diesel equivalents, and the economics depend heavily on access to competitively priced green hydrogen. Kerala’s approach has been to pair demand-side pilots with efforts to scale renewable-powered hydrogen production, reducing reliance on imported fossil fuels while addressing local air quality concerns.

Kochi airport’s history of renewable adoption has been cited by policymakers as a reason it was selected for the hydrogen bus deployment. The airport became the first fully solar-powered airport in the world and has since expanded its renewable portfolio, including battery storage and electric vehicle charging for landside transport. By extending decarbonisation to airside mobility, the airport is attempting to address a segment that contributes to operational emissions but often receives less public scrutiny than aircraft themselves.

Transport experts caution that the success of the hydrogen buses will depend on operational reliability and lifecycle emissions, not just tailpipe performance. Green hydrogen must be produced using renewable electricity to deliver meaningful climate benefits, and storage and distribution losses need to be minimised. Safety protocols will also be closely watched, given hydrogen’s flammability, although proponents point out that fuel cell vehicles have been operating in several countries under stringent standards.

The Kochi deployment is being monitored by other airports and urban transport authorities exploring alternatives to diesel. Several metropolitan transport agencies have trialled electric buses, while hydrogen has so far been limited to a handful of demonstration projects in public transport. If the airport fleet performs as expected, officials believe it could accelerate adoption in other controlled environments such as ports, logistics hubs and industrial campuses.

Profitability and core indicators remained among the strongest in the banking sector, reflecting the Bank’s sustainable growth quality.

In the fourth quarter alone, HDBank posted profit of over VND6.5 trillion (US$250.3 million), a 60% increase compared to Q4 2024.

As of the end of 2025, consolidated total assets reached VND931 trillion (US$35.8 billion), up 33.5% year-on-year. Total funding mobilisation stood at VND832 trillion (US$32 billion), with customer deposits rising 28.2%.

Outstanding loans increased 34.3% to VND588 trillion (US$22.6 billion), with credit focused on sectors featuring reasonable risk profiles and long-term growth potential, including SMEs, supply chains, production and business, exports and green projects. This strategy enabled the Bank to maintain high growth while effectively managing risk.

Total operating income rose 25.4% to VND42.7 trillion (US$1.6 billion) driven by strong growth in non-interest income, which rose 2.5 times year-on-year and accounted for 18.6% of the total.

Return on equity reached 25.3%, among the highest in the sector, while return on assets stood at 2.1%. During the year, HDBank paid stock dividends and issued bonus shares with a combined ratio of nearly 30%, reaffirming its commitment to shareholders.

The non-performing loan ratio remained low at 1.66%.The capital adequacy ratio under Basel II reached 16.7%, among the highest in the industry, providing ample room for credit growth and scale expansion without immediate pressure for capital increases.

2025 also marked a strategic milestone in HDBank’s long-term strategy with the completion of the receipt of DongA Bank subsequently rebranded as Vikki Digital Bank, a new-generation digital bank. In its first year of operation, Vikki recorded more than 2.1 million app downloads, highlighting strong growth potential in digital and retail banking.

Meanwhile, HD SAISON, a subsidiary of HDBank, posted profit of over VND1.39 trillion (US$53.5 million) with ROE of 22.5%.

HDBank now serves more than 25 million customers, with 94% of individual transactions conducted via digital channels.

Moody’s upgrade of HDBank’s credit rating to the top tier among Vietnamese banks in 2025 further strengthened investor confidence in the Bank’s financial strength and long-term growth prospects.

Hashtag: #HDBank

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

Speaking during the engagement, Abdulla bin Touq Al Marri, Minister of Economy of the United Arab Emirates, said air traffic between the UAE and India continues to show strong momentum, with around 1,231 direct flights operating each week between cities in both countries. Those services are spread across multiple carriers and hubs, reflecting the depth of commercial, tourism and people-to-people ties that underpin the aviation relationship.

The scale of connectivity has few parallels globally. The UAE serves as a critical transit and destination market for travellers from India, while Indian cities form the largest single source of international passengers for UAE airports. Industry data indicates that traffic has surpassed pre-pandemic benchmarks on several routes, driven by a rebound in business travel, a sustained flow of expatriate workers, and rising leisure demand in both directions.

Officials discussed measures to ensure that bilateral air services arrangements remain responsive to market realities. Capacity management, slot allocation at congested airports, and coordination on safety and security standards featured prominently. There was also a focus on ensuring that regulatory processes keep pace with airline expansion plans, particularly as carriers introduce new wide-body aircraft and add frequencies to secondary cities.

Bin Touq noted that aviation cooperation has spillover benefits for wider economic engagement, supporting tourism, trade in services and cargo connectivity. Air freight was identified as a growing pillar, with belly-hold capacity on passenger aircraft playing an increasing role in moving high-value and time-sensitive goods, including pharmaceuticals, electronics and perishables.

From the Indian side, officials emphasised the importance of predictable access to UAE hubs for carriers as they scale up international operations. India’s airport expansion programme, which has added new terminals and greenfield airports across several states, is expected to unlock further growth in outbound travel. That expansion has altered traffic patterns, enabling more direct international services from tier-two and tier-three cities, many of which already have links to the UAE.

Airlines operating on the corridor include network carriers and low-cost operators, creating a competitive landscape that has helped keep fares in check while expanding choice. The presence of multiple hubs in the UAE has also diversified routing options, strengthening resilience during peak travel periods and operational disruptions.

Beyond capacity, the talks addressed cooperation on sustainability and workforce development. Both sides acknowledged mounting pressure on the aviation sector to curb emissions and improve fuel efficiency. While sustainable aviation fuel remains limited in supply and expensive, officials discussed the importance of policy alignment, pilot projects and knowledge sharing to accelerate adoption over time.

Training and skills were another area of interest, as airlines and airports face shortages of pilots, engineers and air traffic management professionals. Partnerships between training institutions and recognition of certifications were flagged as practical steps to ease bottlenecks without compromising safety standards.

Technology and digitalisation also featured, with attention on passenger processing, biometric systems and data sharing to improve the travel experience. As passenger volumes rise, authorities are seeking to reduce congestion through smarter border controls and interoperable systems that can be scaled across airports.

The civil aviation dialogue sits within a broader economic partnership that has deepened over the past two years, including trade and investment initiatives across manufacturing, energy and digital services. Aviation remains a visible barometer of that relationship, given its sensitivity to economic cycles and consumer confidence.

By Nitya Chakraborty The meeting between Chinese President Xi Jinping and the British Prime Minister Keir Starmer on Thursday, January 29 in Beijing assumes special significance at a time when Britain is fighting its transatlantic ally U.S. over the sovereignty of Greenland and President Trump has mentioned security threat from China and Russia in Arctic […]

The article China’s Diplomatic, Trade Gains In Europe Continue As Trump Fumes appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Citigold Private Clients will gain access to alternative asset classes including private equity and private infrastructure

HONG KONG SAR and SINGAPORE – Media OutReach Newswire – 29 January 2026 – Citi Hong Kong and Citi Singapore have announced strategic partnerships with leading global private market firms Blackstone, Blue Owl and KKR, to launch evergreen funds for high net-worth clients who are seeking enhanced wealth solutions and greater portfolio diversification.

Through the partnerships, Citigold Private Clients in Asia and the Middle East will gain access to private markets, including equity, credit, infrastructure, and real estate. These alternative asset classes have traditionally been reserved for institutional investors.

The funds will be structured in an evergreen format, offering simplified access to private markets with more flexible subscription and liquidity terms than traditional closed-ended private markets solutions, subject to a minimum initial holding period.

The launch of the funds has started and the funds will continue to be rolled out in the next few months.

Citigold Private Clients will be able to diversify their portfolios, capture opportunities for uncorrelated returns and long-term growth, as well as participate directly in the value creation inherent in private markets assets.

Ms Vicky Kong, Head of Wealth, Asia North and Australia, Citi, said: “In today’s complex and volatile market, our clients are rightly seeking resilient, diversified sources of returns beyond traditional public markets. This collaboration with Blackstone, Blue Owl and KKR directly addresses that demand, providing sophisticated access to private markets that were once the exclusive domain of institutional and private bank investors. This is more than a product expansion, it’s a significant step in our commitment to delivering comprehensive wealth management solutions to our affluent clients, and empowering our clients to build long-term portfolios fit for the future.”

Ms Yeo Wenxian, Head of Wealth for Asia South, Citi, said: “We are excited to work with Blackstone, Blue Owl and KKR to leverage their industry leadership, investment expertise and robust deal-sourcing capabilities. These investment vehicles will deepen and broaden Citi’s comprehensive wealth management offerings, further cementing our role as a trusted partner to our clients in their wealth journeys.”

Mr Ed Huang, Head of Asia Pacific for Blackstone Private Wealth, said: “We are delighted to build on our longstanding relationship with Citi, combining its robust network and Blackstone’s position as the world’s largest alternatives manager, with proven performance in scaled offerings and a 23-year track record serving individual investors. We remain committed to expanding access to institutional-quality private market opportunities for Citi’s high-net-worth clients, helping them diversify their portfolios. Education is the cornerstone of our platform, and we look forward to deepening our partnership by providing enhanced resources and insights into private markets.”

Mr Sean Connor, CEO and Global Head of Private Wealth at Blue Owl Capital, said: “Our global partnership with Citi for their platform expansion in Asia is a critical milestone in our collective effort to provide best-in-class access to the private markets for investors. We are pleased to bring Blue Owl’s differentiated investment capabilities, all-weather solutions, along with dedicated service and support for Citi financial advisors and their clients. Our priority is to continue to provide differentiated access to institutional-grade solutions that empower investors to unlock the full potential of the private markets in their portfolios with leading global partners like Citi.”

Ms Jacqueline Zhuang, Managing Director and Head of Global Wealth Solutions Asia Pacific ex-Japan at KKR, said: “This strategic partnership with Citi provides their advisors and clients across Asia and the Middle East with differentiated access to KKR’s suite of evergreen private equity, infrastructure and private credit strategies. Individual wealth investors expect access to the same private markets investment opportunities as institutions. Together with Citi, we are focused on delivering a comprehensive solution that combines investor service, education, and access to KKR’s differentiated investment capabilities.”

Hashtag: #Citibank

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

About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found atwww.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi

Jointly organised by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Trade Development Council (HKTDC) under the theme of “Co-creating New Horizons Amid an Evolving Landscape”, the AFF welcomed more than 150 distinguished speakers from around the world.

A new Global Business Summit was held throughout day-two of the AFF yesterday, to further integrate finance with key industries and drive innovation and economic development.

Co-organised by the Financial Services and the Treasury Bureau of the HKSAR Government, the HKTDC, and the Office for Attracting Strategic Enterprises, the summit explored how finance empowers businesses. It also examined how Hong Kong can support Chinese Mainland enterprises to “go global”, and the prospects for foreign enterprises entering the Mainland market.

In his opening remarks at the summit, Paul Chan, Financial Secretary of the HKSAR Government, highlighted trade, finance and innovation and technology as the three principal drivers of future economic growth.

“Hong Kong is not just a platform that connects capital, market, projects, talent and opportunity. Hong Kong is willing to be a strategic partner to help you grow, scale up and go global,” Mr Chan said.

On building a more vibrant tech ecosystem, Mr Chan said the HKSAR Government is determined to attract the world’s leading frontier-technology enterprises to establish a presence in Hong Kong.

“We welcome technology and industrial enterprises to establish a presence in the Northern Metropolis. Where justified, we are prepared to tailor incentive packages, which may include land grants, premium concessions, tax incentives and other facilitation measures. Everything is negotiable,” he said.

Prof Frederick Ma, Chairman of the HKTDC, in his welcome remarks at the summit, said: “In these unpredictable times, working together on shared goals adds to the agility and resilience of our economies, our industries and businesses, and our communities. Hong Kong, under the ‘one country, two systems’ arrangement, is perfectly suited to host these conversations and promote cross-sector collaboration, as a super connector, super value-adder and super collaborator.”

A series of plenary sessions held during the summit included the Business Plenary I – Chinese Mainland Enterprises Going Global, and Business Plenary II – Strategic Collaboration for Shared Growth, focusing on the latest opportunities in global market expansion and inbound foreign investment.

The Global Business Summit also featured a series of discussion sessions covering high‑growth, high‑value sectors, including biomedicine and healthcare, green energy, new consumer trends, artificial intelligence and robotics.

Speakers included representatives of prominent enterprises in the respective fields, such as Banking Circle, Infineon AG, Investcorp, JP Morgan, Revolut, Triton Partners, Amgen, Merck, DexForce Technology, JD.com, Pictet Group, AI² Robotics, Galbot and Tencent.

Paul Polman, a business leader, investor and philanthropist who is dedicated to advocating for systemic change, climate action, and social equality, delivered the Keynote Luncheon speech (January 27). He shared his “Net Positive” corporate sustainability strategy, which he has championed in recent years, focusing on advancing sustainable development.

Meanwhile, this year’s AFF Deal-making session, co-organised by the HKTDC and the Hong Kong Venture Capital and Private Equity Association, attracted over 280 investors and over 600 investment projects, resulting in more than 800 one-on-one meetings that successfully connected global capital with investment opportunities.

The AFF also marked the start of this year’s International Financial Week, featuring14 industry events that span a wide range of globally watched financial and business topics, including ASEAN opportunities, digital finance, green finance, family offices, private equity and alternative investments. Together, these events underscore Hong Kong’s unique role as the region’s most comprehensive and diversified international financial centre.

Hashtag: #hongkong #brandhongkong #AFF #Finance #Business #Economic

https://www.brandhk.gov.hk/
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The issuer is solely responsible for the content of this announcement.

AI-related Attacks and Supply Chain Risks Emerge as Top Concerns Nearly 30% of Enterprises Lack Dedicated Cybersecurity Personnel

HONG KONG SAR – Media OutReach Newswire – 28 January 2026 – The Hong Kong Computer Emergency Response Team Coordination Centre (HKCERT), under the Hong Kong Productivity Council (HKPC), today hosted a media briefing to officially release the annual “Hong Kong Cybersecurity Outlook 2026”. The report reveals that cyberattacks have become more automated, targeted, and destructive with the rapid proliferation of Artificial Intelligence (AI) technologies, posing significant threats to business operations and information security. A record high 15,877 cybersecurity incidents were recorded in Hong Kong in 2025, marking a 27% year-on-year increase. The report also highlights five key cybersecurity risks expected to emerge in 2026, mainly under AI-related threats and supply chain vulnerabilities.

HKCERT also released the findings of the “Hong Kong Enterprise Cybersecurity Landscape”, which analyses the current state of local enterprises’ cybersecurity defences and resource allocation in the face of cyber risks. The study covered 622 enterprises (including 544 SMEs and 78 large enterprises) and interviewed 50 cybersecurity service providers to assess the key factors businesses consider when selecting cybersecurity services. The findings reveal that nearly 70% of enterprises have dedicated cybersecurity personnel, showing the increasing importance local businesses place on cybersecurity. Many SMEs have also begun strengthening their security measures, demonstrating a proactive awareness of cyber threats. However, they were behind large enterprises in terms of technology deployment and resource allocation. Moreover, around 35% of businesses using AI would enter corporate data into AI tools, suggesting that there is still room for improvement in local overall defence capabilities and AI governance awareness.

Mr Edmond LAI, Chief Digital Officer of HKPC, stated, “The proliferation of AI can drive innovation, but it can also become a powerful tool for hackers, making cyber threats stealthier and more scalable. Our report indicates a lack of governance in corporate use of AI tools. In particular, the limited resources and knowledge of SMEs may limit their full understanding of the potential risks involved. Moreover, supply chain attacks have become the weakest link in enterprise security, where a single vendor’s vulnerability can trigger a chain reaction of crises, even if the enterprises have robust protective measures. To address these challenges, enterprises must shift from passive response to proactive deployment, starting with establishing clear AI usage guidelines and audit mechanisms, and deeply integrating them into the overall cybersecurity strategy”.

Overview of Cybersecurity Incidents in 2025:

Phishing Accounts for Nearly 60% – Record-High Number of Cases

According to the latest statistics from HKCERT, a total of 15,877 cybersecurity incidents were reported in 2025, marking a new record high. Among them, phishing attacks remained the most prominent threat, accounting for nearly 60% (57%) of total cases. The rise of generative AI has made phishing messages increasingly realistic and harder to detect, further amplifying the associated risks. Attack delivery methods have expanded beyond traditional email to social media or instant messaging platforms (such as WhatsApp) (34%) and cryptocurrency platforms (18%).

In parallel, cases involving vulnerable systems also saw a sharp increase, with 2,328 incidents (15%), representing a more than 3.5-fold rise compared to the previous year. This suggests that attackers are actively exploiting misconfigurations and unpatched system vulnerabilities. Meanwhile, botnet-related incidents remained steady at 18%. While stable in number, botnets are notoriously difficult to eradicate completely, representing a long-term latent threat.

Top 5 Cybersecurity Risks in 2026

Based on industry expert analysis and HKPC’s ongoing research into the local business environment, and considering industry trends and technological developments, HKCERT predicts that the following five cybersecurity risks will pose significant challenges to businesses in 2026:

1. AI-Driven Attacks and Agentic AI Risks
2. Weak AI Governance of Enterprises Increases Data Leakage Risks
3. Supply Chain Vulnerabilities and Third-Party Security Gaps
4. Over-Reliance on Cloud Infrastructure Creates Single Points of Failure
5. Emerging Threats from AI-Enabled Devices

30% of Enterprises Lack Dedicated Cybersecurity Staff, SMEs Lag in Defense and Investment

“The Hong Kong Enterprise Cybersecurity Landscape” reveals nearly 70% of enterprises have dedicated cybersecurity personnel, showing the increasing importance place on cybersecurity. By company size, 67% of SMEs have personnel responsible for cybersecurity, and 95% of large enterprises do. Among them, 26% of SMEs have dedicated cybersecurity personnel, which is lower than the 59% of large enterprises, reflecting different challenges in resource allocation and professional support for companies of different sizes.

Many SMEs have already implemented basic protective measures, such as 48% of SMEs have adopted email security, but there is still room for improvement when compared to the 79% of large enterprises. For Privileged Access Management (PAM), 29% of SMEs are employed, which is still lower than 60% of large enterprises. The figure on using Advanced cybersecurity practices, such as Remote Access Security Measures (SMEs 31% vs 67%), also reflects that SMEs still need support in promoting technological upgrades, especially when data security is increasingly important today, the protection of SMEs of all sizes cannot be ignored.

Regarding investment and resource allocation, SMEs are generally cautious in their investment, but some companies have gradually increased their investment in cybersecurity and training. In the past year 13% of SMEs increased cybersecurity-related resources (including staff and tools), and 12% invested more resources in cybersecurity training. In comparison, the proportions for large enterprises were 41% and 50%, respectively. Looking ahead to the next 12 months, SMEs are relatively conservative in their plans for increasing resources — no matter in recruitment of cybersecurity personnel (SMEs 5% vs 15%), training (SMEs 13% vs 38%) and budget (SMEs 13% vs 36%). However, as cyber threats evolve, it is believed that enterprises will gradually increase their related investments to strengthen their overall defense capabilities.

HKCERT’s Five Key Recommendations: Helping Enterprises Build Effective Cyber Defenses

HKCERT has outlined five key recommendations to help enterprises strengthen their cybersecurity posture:

1. Assigning Personnel for Cybersecurity: Enterprises should assign employees with basic cybersecurity knowledge to be responsible for daily monitoring and response work, with clear division of responsibilities to ensure timely response to emergencies.
2. Promoting AI Governance and Regulation: As the application of AI tools and third-party platforms becomes increasingly widespread, enterprises should formulate relevant policies and operational guidelines, clearly specifying the available tools and scope of data input, as well as procedures for responding to third-party incidents, to minimise operational and reputational risks.
3. Collaborative Efforts of All Staff to Prevent Phishing Attacks: Enterprises should adopt both technical measures (such as email filtering and multi‑factor authentication) and an organisation‑wide security culture to jointly defend against phishing attacks. This helps enhance each employee’s ability to identify suspicious emails and links, thereby reducing the risk of data leakage.
4. Enhance Cybersecurity Awareness and Training across all Staff: Cybersecurity is a shared responsibility across the entire organisation. Enterprises should regularly provide targeted security training for different departments—especially for roles that handle sensitive data—and strengthen incident response capabilities through simulation exercises and case‑based learning to reduce human error.
5. Strengthen Technical Protection Measures: Enterprises should implement essential cybersecurity technologies, including:
   • Email security and access‑rights control
   • Data protection measures (such as encryption and backup)
   • Remote access security measures mechanisms (such as VPNs and identity authentication)
   • Proactive security solutions (such as intrusion detection and firewall monitoring)

As cyber threats grow increasingly complex and attack techniques become more advanced, enabling SMEs to effectively deploy cybersecurity defences has become a shared responsibility across society. In addition to operating a 24-hour incident reporting and supporting hotline, HKCERT continuously monitors local online activities. When cyberattacks targeting Hong Kong are detected, it proactively traces and disrupts the source and issues timely public alerts. In recent years, HKCERT has also leveraged self‑developed AI systems to take down phishing websites in advance, preventing incidents before they occur. To strengthen preventive measures and promote education among SMEs, HKCERT has published multiple security guidelines addressing emerging technology risks, helping technical personnel understand and adopt appropriate protection strategies. At the same time, HKCERT actively promotes cybersecurity awareness through a dedicated webpage on in‑depth analysis of major phishing and ransomware attacks, as well as by organising large‑scale public events and participating in over 30 seminars annually.

Since last year, HKCERT further acted as a bridge between SMEs and cybersecurity service providers to launch the Cybersecurity Service Providers Connect Programme with Digital Policy Office. The Programme offers a one-stop platform that brings together 21 vetted cybersecurity service providers, covering four key areas, including Internet Security Solutions, Cybersecurity Assessment Services, Managed Security and Incident Response Services, and Cybersecurity Training Services. It helps SMEs quickly identify suitable solutions and strengthen their cyber defence capabilities. The Programme will continue to enhance its services, promote resource sharing, and collaborate with the industry to build a safer digital business environment.

Hashtag: #HKCERT

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

About Hong Kong Computer Emergency Response Team Coordination Centre

Managed by the Hong Kong Productivity Council (HKPC), Hong Kong Computer Emergency Response Team Coordination Centre (HKCERT) is the centre for coordination of computer security incident response for local enterprises and Internet Users. Its missions are to facilitate information disseminating, provide advices on preventive measures against security threats and to promote information security awareness.

HKCERT collaborates with local bodies to collect and disseminate information, and coordinate response actions. HKCERT is also a member of the Forum of Incident Response and Security Teams (FIRST) and the Asia Pacific Computer Emergency Response Team (APCERT). We exchange information with other CERTs and act as a point of contact on cross-border security incidents.

About the Hong Kong Productivity Council
The Hong Kong Productivity Council (HKPC) is a statutory body established in 1967, dedicated to enhancing the productivity and competitiveness of Hong Kong enterprises through world-class applied R&D, innovative technology services, and integrated manufacturing solutions. As a market-oriented, international R&D organisation, HKPC leverages its deep expertise and extensive industry experience in key areas such as AI, advanced manufacturing, life and health technology, green technology and new energy to drive new industrialisation and support the growth of emerging and future industries.

HKPC focuses on addressing businesses challenges and industrial technology needs, promoting the full integration between technological and industrial innovation. Through technology transfer, product innovation, intellectual property protection and commercialisation of R&D outcomes, the Council fosters collaboration with the local business community as well as top global R&D institutions, delivering added value to industries and advancing the development of new productive forces. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades, reinforcing Hong Kong’s role as an international innovation and technology centre and a smart city.

To help enterprises capitalise on Hong Kong’s strengths in international connectivity to expand into global markets, HKPC offers comprehensive overseas expansion services tailored to critical areas including product development, technology, manufacturing, and management, enabling businesses to successfully go global from Hong Kong.

HKPC is also committed to providing timely and practical support to SMEs and startups with timely and practical , assisting them in accessing Government funding programmes. Through its FutureSkills training initiatives, HKPC helps both industry and academia stay ahead in latest digital and STEM technologies, nurturing a future-ready talent pool for Hong Kong.

For more information, please visit HKPC’s website: www.hkpc.org/en.

By K Raveendran Gold pushing decisively past the $5,000-a-troy-ounce threshold at the same moment the US dollar slides to a four-month low is not just a dramatic coincidence of charts. It marks a psychological rupture in global markets, challenging assumptions that have underpinned portfolio construction and macroeconomic thinking for decades. What once belonged to the […]

The article When Gold Breaks Five Thousand And Dollar Blinks appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).