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Arabian Post Staff -Dubai President Donald Trump has waived sweeping sanctions and tariffs targeting Russia and major buyers of its energy, suspending measures due to take effect on Sunday as his administration seeks to contain soaring diesel prices. An executive order signed on Friday invokes the national interest exemption in the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, legislation Trump signed on 18 September […]

Circle is preparing to enter approximately 40 emerging and developing markets as demand for dollar-backed digital currencies accelerates, chief executive and chairman Jeremy Allaire said. The expansion will target economies across Southeast Asia, Latin America, Africa and the Middle East, where individuals and businesses are increasingly using stablecoins for payments and access to digital financial services. Allaire outlined the plans during the International Monetary Fund and World […]

Arabian Post Staff -Dubai Dubai’s Government Media Office has opened discussions with Shenzhen News Group on expanding media cooperation, strengthening institutional links and increasing coverage of the emirate across Chinese news platforms. The meeting took place in Shenzhen during the Dubai Business Forum – China, organised by Dubai Chambers, bringing together representatives of both organisations to examine opportunities for content development, professional exchanges and collaboration in digital […]

India’s software stocks have recorded their strongest weekly rally in 18 years, sharply outperforming global semiconductor shares as investors reassess artificial intelligence valuations and respond to improving earnings from major technology services companies.

The Nifty IT index climbed 11.7% during the week ended Friday, October 16, its biggest weekly advance since 2008. Meanwhile, an MSCI index tracking global semiconductor companies had fallen approximately 7.4% during the week, putting software exporters on course for their widest relative outperformance since 2004.

The divergence reflects a significant change in investor sentiment towards technology businesses. Semiconductor manufacturers, previously among the biggest beneficiaries of enthusiasm surrounding artificial intelligence, have faced selling pressure amid concerns about infrastructure spending, financing costs and the sustainability of earnings growth.

Software services companies, meanwhile, have attracted renewed interest following quarterly results that suggested corporate technology expenditure was stabilising. Investors have also responded to comparatively modest valuations after a prolonged period of weakness in the sector.

HCL Technologies helped initiate the recovery after reporting stronger quarterly performance and raising its full-year revenue growth guidance. Its shares surged 8.4% on Tuesday, their biggest single-session advance in more than six years, while the broader technology index gained 5.2%.

The company reported quarterly net profit of approximately Rs51.32 billion, representing growth of 10.9%. Revenue increased 2.3% sequentially to Rs356.2 billion, supported partly by demand for engineering and research services.

HCL Technologies also disclosed advanced artificial intelligence revenue of $219 million, indicating that established outsourcing companies are beginning to generate identifiable income from technology that investors had previously viewed principally as a competitive threat.

Tech Mahindra reinforced the positive sentiment with quarterly revenue growth of 2.4%, reaching approximately Rs161.8 billion. Net profit rose 8.3% to Rs16.1 billion, supported by improvements in its communications business.

Wipro shares also advanced after the company reported quarterly revenue of Rs247.53 billion, exceeding market expectations. However, its deal bookings declined 45% from a year earlier to $2.6 billion, highlighting continued uncertainty surrounding demand for outsourcing contracts.

Wipro projected constant-currency revenue growth ranging from a decline of 1.5% to an increase of 0.5% for the following quarter. Management indicated that two delayed large contracts could be finalised, although their completion remains uncertain.

The contrasting figures illustrate why analysts remain cautious about treating the market recovery as evidence of a sustained improvement across the entire technology services industry.

Investors have nevertheless become increasingly sensitive to the valuation differences between software exporters and semiconductor manufacturers. Shares linked to artificial intelligence infrastructure had commanded substantial premiums based on expectations of expanding demand for processors, memory and computing capacity.

Those assumptions have come under pressure as investors question whether technology companies can generate sufficient returns from enormous commitments to data centres and related infrastructure.

Higher bond yields have compounded those concerns by increasing financing costs for capital-intensive businesses. Inflation pressures in the United States have also revived expectations that monetary policy could remain restrictive, reducing enthusiasm for highly valued growth stocks.

Semiconductor companies including Nvidia, Broadcom and Advanced Micro Devices have faced broader selling pressure, alongside memory manufacturers and businesses supplying artificial intelligence infrastructure.

However, the reversal does not necessarily indicate deteriorating demand for computing hardware. Analysts distinguish between concerns about share valuations and the underlying commercial requirements for advanced processors.

Software exporters face different challenges. Generative artificial intelligence could automate programming, testing and customer support functions, potentially reducing the labour-intensive contracts underpinning traditional outsourcing revenues.

At the same time, businesses adopting artificial intelligence require integration, cybersecurity, cloud management and technology consulting services, creating opportunities for established providers.

The balance between these competing forces remains important for revenue forecasts and profitability expectations.

Friday’s trading demonstrated the strength of the rotation. The Nifty IT index rose 3.9% to close around 31,924 points, while the broader Nifty 50 gained approximately 0.7% to 23,146.

The Sensex finished at 74,729, contributing to the benchmark indices’ strongest weekly performance in six months.

Despite the rebound, technology shares remain below their earlier peaks. Wipro had lost nearly 32% during the year before Friday’s close, compared with a decline of approximately 17% for the broader technology index before the week’s recovery.

Arabian Post Staff -Dubai Oil prices slipped on Friday as traders assessed possible US sanctions relief for oil tankers against continuing threats to Middle East supplies. Brent crude futures fell 41 cents, or 0.39%, to $105.51 a barrel by 0012 GMT. US West Texas Intermediate futures declined 54 cents, or 0.55%, to $97.43, reversing part of Thursday’s advance. The decline followed a mixed session in which WTI […]

Binance said on Thursday that its bStocks tokenised securities had exceeded $1 billion in assets under management, four months after their launch, marking a significant expansion of blockchain-based trading in US equities. The cryptocurrency exchange said the milestone was reached on October 15, citing blockchain data compiled by Dune Research. Binance described bStocks as the fastest tokenised equity product to achieve that threshold, although the comparative ranking […]

BR Shetty, founder of NMC Healthcare and UAE Exchange, has filed a $15 billion lawsuit against Bank of Baroda and 25 other defendants in the Bombay High Court, alleging financial misconduct that contributed to the collapse of his business empire. The state-owned lender has responded by declaring that it will firmly defend its interests, while maintaining that it has not yet been formally served with the lawsuit […]

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Standard Chartered has introduced Bitcoin and Ether trading through existing bank accounts for eligible wealthy clients in the United Arab Emirates, extending its digital asset services beyond institutional investors. The bank announced on Wednesday that it had obtained approval from Dubai’s Virtual Assets Regulatory Authority for the service, which will initially be restricted to clients classified as Professional Investors. It described the offering as its first cryptocurrency […]

Hong Kong’s Securities and Futures Commission has intensified its crackdown on suspected initial public offering manipulation, restricting billions of dollars in assets and warning investment banks against undisclosed arrangements that could artificially inflate demand for new listings.

The regulator on Tuesday imposed restrictions covering approximately HK$4.7 billion ($599 million) in assets held through 31 brokerages, while suspending trading in Sichuan Baicha Baidao Industrial Co over concerns that its share offering may have been rigged.

The enforcement action targets two suspected syndicates linked to three listings. Investigators are examining arrangements allegedly designed to create misleading impressions of investor demand and potentially divert proceeds from companies entering the stock market.

The SFC simultaneously issued detailed guidance identifying warning signs, including substantial loans to investors, undisclosed agreements, unusual last-minute subscriptions and concentrated share allocations involving parties connected to listing applicants.

Julia Leung, the commission’s chief executive officer, warned that financial intermediaries must challenge suspicious transactions rather than accept explanations that fail to withstand scrutiny.

The regulator said most market participants complied with applicable rules but stressed that misconduct by a minority could undermine confidence in Hong Kong’s capital markets.

The largest restriction concerns assets worth approximately HK$4.4 billion held through six brokerages and linked to suspected activities surrounding the listings of Baicha and Cloudbreak Pharma.

A separate restriction covers approximately HK$285 million associated with the listing of Tianju Dihe (Suzhou) Technology, involving accounts maintained through 29 brokerages.

Some brokerages received notices covering more than one investigation. The commission emphasised that the brokers themselves were not investigation targets and that restrictions did not affect their other clients.

Michael Duignan, the SFC’s executive director of enforcement, said the measures had significantly disrupted two suspected syndicates potentially involved in IPO manipulation.

The commission has not established criminal wrongdoing in the cases, and investigations remain under way.

Among the practices attracting scrutiny are substantial payments, loans or investments made by newly listed companies to investors or related parties shortly after prospectuses are finalised.

Such transactions can raise questions about whether investors genuinely committed their own capital or received financial support linked to their participation.

The regulator expects sponsoring banks to ensure that prospectuses disclose material financial developments and provide investors with complete, accurate information.

Another warning concerns investors whose subscription commitments appear connected to business cooperation, investment agreements or continuing commercial relationships with company executives.

Bankers have been instructed to investigate unusual orders and determine whether apparent independent investors have undisclosed relationships with issuers.

The commission also identified excessive involvement by listing applicants in selecting investors or directing share allocations as potentially suspicious.

Particular attention should be paid when allocations depart from agreed marketing strategies or favour investors who opened brokerage accounts shortly before an offering.

Large subscription orders submitted immediately before bookbuilding closes represent another warning, especially when their size appears inconsistent with an investor’s financial resources.

The watchdog highlighted arrangements involving derivatives or guaranteed returns that conceal the identities of investors ultimately benefiting from allocated shares.

Multiple accounts controlled by a single party can similarly disguise concentrated ownership and create an exaggerated impression of broad market participation.

Undisclosed commitments negotiated before an IPO are another concern, particularly where companies maintain offering sizes and timetables despite insufficient genuine investor demand.

The commission warned that questionable arrangements could extend beyond flotation dates into trading activities intended to support share prices, maintain market capitalisation or generate artificial turnover.

Such practices could involve concentrated holdings among designated investors and undisclosed understandings governing subsequent transactions.

The intervention comes during a strong year for Hong Kong fundraising, supported by listings from mainland Chinese technology companies, including businesses associated with artificial intelligence.

Regulatory concerns have also extended to the quality of listing applications. The SFC disclosed that 65 applications had been suspended during the first nine months of 2026 because of deficiencies in sponsors’ work.

Hong Kong authorities have been tightening scrutiny of disclosure standards and the resources investment banks devote to preparing flotation documents.

The shorter interval between IPO pricing and trading has added pressure on banks to verify investor identities and investigate questionable orders before allocations are completed.

The SFC nevertheless expects intermediaries to undertake reasonable verification procedures and reject subscriptions that fail regulatory requirements.

The commission has separately proposed stronger enforcement mechanisms targeting corporate misconduct, including additional measures addressing problematic listing transactions.

Baicha, whose trading was suspended on October 13, raised approximately $330 million through its April 2024 flotation. Its shares fell 27 per cent on their trading debut.

By Nigel Green The single greatest danger to wealth anywhere in the world right now is the colossal pile of money governments have borrowed. Bond markets are flashing warnings last seen during the eurozone crisis, and they’re getting louder by the week. The IMF’s own figures are staggering. Global public debt reached 93.9% of GDP last year and is on course for 100% by 2029, beyond anything […]

Arabian Post Staff -Dubai RISE Summit 2026 will open at Dubai World Trade Centre on Wednesday, bringing sovereign wealth funds, institutional investors, government officials and developers together to examine shifts in international investment and the financing of major projects. The one-day gathering on 14 October, organised around the theme Recharging Momentum in Global Economies, will consider how geopolitical tensions, borrowing costs and technological change are influencing decisions […]

Abu Dhabi Investment Authority is considering an anchor investment in Zetwerk’s forthcoming stock market flotation, as the Bengaluru-based manufacturing platform prepares to open institutional bidding on Wednesday. The sovereign wealth fund is among more than 30 domestic and international investors examining participation in the offering, according to people familiar with the discussions. No allocation to ADIA has been confirmed, and expressions of interest do not guarantee an […]

Two companies affiliated with cryptocurrency market maker DWF Labs have sued custodian BitGo in London, seeking $141 million over allegations that it sold discounted tokens before contractual trading restrictions expired. DWF Maas and Falcon Digital filed the claim in the High Court, accusing BitGo of breaching agreements covering Falcon Finance’s FF token and ESPORTS tokens. They contend that premature transfers to cryptocurrency exchanges depressed prices and reduced […]

Arabian Post Staff -Dubai Wall Street is confronting a fresh source of pressure on US government bonds as the extra compensation investors demand for holding longer-term debt climbs to its highest level in more than a decade. The so-called term premium on 10-year Treasury securities has risen by roughly 40 basis points since mid-September to about 0.98%, according to a model maintained by the Federal Reserve Bank […]

Airtel Money shares dropped below their initial public offering price on Friday as the African payments business made a subdued London market debut despite demand for its shares substantially exceeding supply. The stock rose briefly to £2 before retreating to £1.93, three pence below the £1.96 offer price. That represented a decline of approximately 1.5% from the flotation price, reversing the modest gains recorded earlier during conditional […]

Arabian Post Staff -Dubai SoftBank Group chief executive Masayoshi Son is seeking up to $100 billion from Gulf investors for a proposed fund that would acquire businesses and transform their operations using artificial intelligence. The fundraising discussions are at an early stage, with senior figures in the United Arab Emirates among those approached. No commitments or final agreements have been announced, and there is no assurance that […]

Gold prices climbed to a one-week high on Friday as declining oil prices eased inflation concerns and pressure on US Treasury yields, encouraging investors to return to bullion despite uncertainty over further Federal Reserve interest rate increases. Spot gold advanced 1.4% to $4,190.49 an ounce during US trading, extending gains for a second consecutive session. The metal was heading towards a weekly increase of approximately 1.2%, recovering […]

Guided by the Central Passport, LANDMARK invites visitors to experience Central anew— from Louis Vuitton’s global spectacle to cultural, dining and seasonal celebrations.

HONG KONG SAR – Media OutReach Newswire – 9 October 2026 – LANDMARK today unveils Destination CENTRAL, inviting local residents and international visitors to rediscover the many sides of Central through the collectible Central Passport. The programme celebrates the district’s long-standing role as Hong Kong’s gateway for arrival, exchange and discovery. Inspired by the spirit of travel, Destination CENTRAL connects experiences across Central, bringing together travel-inspired activations in partnership with Hong Kong Tramways and Asia Miles; district-wide dining privileges; a global spectacle by Louis Vuitton; and THE CHATER, an exclusive dining concept presented by LANDMARK.

HKL1

Your Passport to Central

Created by LANDMARK, the luggage-inspired Central Passport is a collectible guide bringing together experiences both within LANDMARK and across the wider district into a seamless journey. Inside, a curated map is paired with personal stories and recommendations from people who know Central closely—from tram motormen, singers and public figures to athletes, celebrated chefs and bar founders—inviting visitors to uncover the area’s hidden character.

HKL2

Available from collection points across the district, the Central Passport can be personalised with stamps from eight designated locations. Visitors who collect any three stamps can visit the Destination CENTRAL Redemption Counter on 2/F, LANDMARK ATRIUM to enter a lucky draw and unlock a surprise gift. Lucky winners stand a chance to receive up to 66,000 Asia Miles—equivalent to a round-trip business-class flight to Japan—alongside photobooth experiences, limited-edition keepsakes and dining vouchers. The Central Passport also includes exclusive dining privileges from more than 40 participating partners, including Lan Kwai Fong and The Murray.

Louis Vuitton at LANDMARK

Following iconic presentations on the Champs-Élysées in Paris, 57th Street in New York and ‘The Louis’ in Shanghai, Louis Vuitton brings the latest chapter of its global series to Hong Kong. Unveiling soon, the Maison will present a monumental mega-art installation at LANDMARK, reimagining its enduring “Spirit of Travel”. Complemented by the pop-up store currently at LANDMARK ATRIUM and the upcoming dedicated Basement Brand Exhibition , the experience offers a captivating glimpse into the world of Louis Vuitton—setting the stage for the highly anticipated Louis Vuitton Maison at LANDMARK.

Transit Through Central’s Changing Landscape

The travel narrative continues with the LANDMARK Tram Station and Heritage Route, created in partnership with Hong Kong Tramways. Together, they offer an interactive look at Central’s transport heritage and evolving urban landscape—from its early harbourfront and trading past to today’s connected city centre. The LANDMARK Tram Station recreates one of the city’s first-generation trams, fitted with authentic archive pieces from Hong Kong Tramways, including a traditional ticket punch, a coin box, driving console and “Dick, Kerr” controller.

HKL3

A First Class Stop for Dining and Views

Taking the travel theme into hospitality, LANDMARK presents THE CHATER, an exclusive dining concept opening on 6 October, featuring an all-day menu curated by Mandarin Oriental, Hong Kong. Inspired by the elegance and anticipation of a grand station lounge, the new venue brings together Hong Kong and international flavours, with highlights including bubble tea and gourmet quick bites, alongside Pierre Hermé macarons and gelato set to be launched later in the season. The experience will extend to Platform 1889 on 3/F, a first-class railway carriage-inspired feature within THE CHATER’s terrace. Named for the year Sir Paul Chater co-founded Hongkong Land, Platform 1889 pays tribute to a defining moment in Central’s history while offering a prime view of Louis Vuitton’s monumental mega-art installation and the Central skyline.

HKL4

Halloween Takes Over Central

From 17 to 31 October, Hongkong Land, supported by the Hong Kong Tourism Board and district partners, presents Halloween in Central—a heritage-led celebration that transforms Central’s iconic streetscape into a citywide Halloween playground.

HKL5

At Statue Square Gardens, South, four large-scale installations set a striking scene: I Am Watching You, a giant eyeball rising over the fountain; The Awakening, a monumental gateway; the photo-ready Coffin Throne; and The Jail, a haunted reimagining of the pavilion.

On Chater Road, the programme begins with Boo-st Your Mood – Pickleball Day in partnership with Pick & Match on 17 October, a wellness-focused afternoon of active fun. This is followed by OPEN by HE.R – Halloween in Central Kick-Off Party on 18 October, bringing live music and high-energy celebrations to the street. Monster Mash Fest – Family Day arrives on 24 October with costumes, face painting, themed bouncy-castle sessions, performances and Halloween treats, before Halloween Day Unleashed closes the programme on 31 October, featuring cosplay, roving characters, themed performances and late-night festivities. Full details are available at https://www.halloweenincentral.com/

“As a key stakeholder deeply rooted in Central, Hongkong Land is delighted to bring Destination CENTRAL to life alongside our district partners, inviting the public to discover the extraordinary charm of Central anew,” said Olivia Luk, General Manager, Marketing, Hong Kong Central, Hongkong Land Limited. “Together with a rich programme of dining privileges and seasonal celebrations, we hope everyone—from daily office workers and local residents to visitors—can shape their own memorable story of Central.”

Exclusive Rewards and Privileges

Destination CENTRAL brings added benefits to every qualifying LANDMARK visit with HSBC-exclusive offers for BESPOKE members. From 28 September to 18 November 2026, eligible BESPOKE members paying with an HSBC Privé Mastercard® or HSBC Premier Mastercard® can receive up to HK$3,000 in BESPOKE Bonus Reward Vouchers, up to 135,000 Bonus BESPOKE Points, and Complimentary Beverage Passes to Platform 1889 at THE CHATER upon registration of cumulative same-day eligible spending.

Terms and conditions apply. For full programme and promotional details, including specific Central Passport mechanisms, please visit https://destinationcentral.hk.

@landmarkhk #LANDMARKHK #DestinationCENTRAL

APPENDIX

Please visit the Destination CENTRAL website at https://destinationcentral.hk for the latest programme details, terms and conditions.

Central Passport Collection & Reward Details (28 September – 18 November 2026)

Collection Points Stamp Station Checkpoints
Over 20 Collection Points across Central, including:

  • Destination CENTRAL Stamping Stations
  • Destination CENTRAL Redemption Counter (2/F, LANDMARK ATRIUM)
  • Destination CENTRAL Photobooth (3/F, LANDMARK ATRIUM)
  • LANDMARK Concierges
  • Hongkong Land Office Lobby Concierges
  • The Plaza LKF Lobby (21 D’Aguilar Street, Central)
  • HSBC Main Building (LG/F, 1 Queen’s Road Central — Until 7 October)

Please refer to the website for the complete list of collection points.

Eight Designated Checkpoints Across Central

  • Louis Vuitton Pop-up Store (G/F, LANDMARK ATRIUM — Until 29 October)
  • Central MTR Exit (B/F, Near LANDMARK)
  • The LANDMARK Tram Station (West Bridge, 2/F LANDMARK ATRIUM)
  • THE CHATER (2/F, LANDMARK CHATER)
  • BaseHall 01 (LG/F, Jardine House)
  • Frenchies (1/F, LANDMARK PRINCE’S)
  • HSBC Main Building (LG/F, 1 Queen’s Road Central — Until 7 October)
  • The Plaza LKF Lobby (21 D’Aguilar Street, Central)

Other Destination CENTRAL Activities At A Glance

Experiences & Highlights
Dates

Locations

Inside LANDMARK

Destination CENTRAL Redemption Counter
28 September 2026 – 28 February 2027

2/F LANDMARK ATRIUM
The LANDMARK Tram Station & The Heritage Route

28 September 2026 – 18 November 2026

West Bridge, 2/F LANDMARK ATRIUM

Destination CENTRAL Photo Booth

28 September 2026 – 28 February 2027

3/F Edinburgh Tower

THE CHATER

From 6 October onwards

2/F LANDMARK CHATER

Platform 1889
Late October

2/F LANDMARK CHATER

Louis Vuitton At LANDMARK

Louis Vuitton Pop-up Store

11 September – 29 October

G/F LANDMARK ATRIUM

Louis Vuitton Mega Art Installation

Late October

G/F LANDMARK ATRIUM

Louis Vuitton Basement Exhibition

Late October

B/F LANDMARK ATRIUM

Halloween In Central

Central Halloween Takeover

17 October – 31 October

Statue Square Gardens, South

Boo-st Your Mood – Pickleball Day

17 October
2:00pm – 6:00pm

Chater Road

OPEN By HE.R – Halloween In Central Kick-off Party

18 October
3:00pm – 10:00pm

Chater Road

Monster Mash Fest – Family Day

24 October
12:00pm – 9:00pm

Chater Road

Halloween Night Unleashed

31 October – 1 November

2:00pm – 1:00am

Chater Road

Destination CENTRAL Redemption Gifts

  • 66,000 Asia Miles—equivalent to one Cathay Pacific Business Class round-trip ticket to Japan*
  • 26,000 Asia Miles—equivalent to one Cathay Pacific Economy Class round-trip ticket to Japan*
  • Destination CENTRAL Tram Plush Charm
  • Destination CENTRAL Magnet
  • Destination CENTRAL Photobooth Experience
  • Destination CENTRAL Mini Camera
  • Ami Signature Beef Sando
  • BaseHall HK$50 Gift Certificate
  • THE CHATER HK$50 Gift Certificate

*Based on Cathay Flight Awards – Standard Awards as of 1 September 2026. Terms and conditions apply.

Hashtag: #LANDMARKHK

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

About LANDMARK

LANDMARK represents the epitome of top-tier luxury shopping and lifestyle experiences. Drawing from a rich heritage which began in 1904 – LANDMARK today is the luxury shopping destination of Hongkong Land’s Central portfolio including 4 iconic connected buildings, LANDMARK ATRIUM, LANDMARK ALEXANDRA, LANDMARK CHATER and LANDMARK PRINCE’S. LANDMARK offers approximately 208 of the finest stores and restaurants, all seamlessly linked by pedestrian bridges. From high fashion and accessories to watches and jewellery, from luxury living to beauty and grooming, from international cuisine to authentic gourmet dining, LANDMARK brings the ultimate shopping experience to the discerning customer.

About Hongkong Land

Hongkong Land is a major listed property investment, management and development group. The Group focuses on developing, owning and managing ultra-premium mixed-use real estate in Asian gateway cities, featuring Grade A office, luxury retail, residential and hospitality products. Its mixed-use real estate footprint spans more than 850,000 sq. m., with flagship projects in Hong Kong, Singapore and Shanghai. Its properties hold industry leading green building certifications and attract the world’s foremost companies and luxury brands. The Group’s Hong Kong Central portfolio represents some 450,000 sq. m. of prime property. The Group has a further 165,000 sq. m. of prestigious office space in Singapore mainly held through joint ventures and five retail centres on the Chinese mainland, including a luxury retail centre at Wangfujing in Beijing. In Shanghai, the Group owns a 43% interest in a 1.1 million sq. m. mixed-use project in West Bund, which is due to be completed in 2028. Hongkong Land Holdings Limited is incorporated in Bermuda and has a primary listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. Hongkong Land is a member of the Jardine Matheson Group.

Saudi Arabia and the United Arab Emirates have pledged support for a Japanese initiative to strengthen oil supplies and strategic reserves across Southeast Asia, as disruptions caused by the Middle East conflict intensify concerns over regional energy security. Representatives of both Gulf producers attended a special session of the Asia Zero Emission Community (AZEC) in Manila on Thursday, joining discussions involving ministers from 11 partner countries, including […]

Arabian Post Staff -Dubai Saudi Arabia’s Almarai plans to invest more than $4 billion through 2031 to expand production capacity, diversify its food and beverage portfolio and strengthen its presence across priority markets. The Riyadh-based company unveiled details of its 2026–2031 growth strategy at a capital markets day on Thursday, outlining four priorities covering established businesses, new product categories, emerging distribution channels and geographical expansion. The investment […]

Introducing Private Funds, Complementing End-to-End Digital Capabilities with Dedicated Offline Wealth Management Service, Creating a Digital Wealth Management Experience That Balances Flexibility with Professionalism

HONG KONG SAR – Media OutReach Newswire – 9 October 2026 – Ping An Digital Bank (International) Limited (“Ping An Digital Bank” / “PingAnDB”) announces its expansion into high-end wealth management, making it the first digital bank in Hong Kong to enter this sector. By introducing private fund products coupled with seamless end-to-end digital capabilities and dedicated offline services, PingAnDB aims to reshape high-end wealth management customer experience. This enables customers to achieve diversified asset allocation and capture global investment opportunities, while enjoying a digital wealth experience defined by flexibility and professionalism.

According to the Securities and Futures Commission’s Asset and Wealth Management Activities Survey 2025, Hong Kong’s asset and wealth management industry accelerated sharply in 2025 to reach a historic high. Total assets under management (AUM) surged 20% year-on-year to HK$42.2 trillion by the end of the year. Within this, the private banking and private wealth management business demonstrated robust momentum, with AUM reaching nearly HK$12.9 trillion—a record high. This strong trajectory underscores the accelerating demand for wealth management solutions in the region. However, traditional high-end wealth management services typically impose high entry thresholds, which may not fully satisfy the needs of all individuals who possess substantial assets and seek global asset allocation or alternative investment opportunities. Ping An Digital Bank precisely addresses this market gap by launching private fund services, combining its fully digital platform and dedicated offline wealth management services to address customers’ demands for global asset allocation and financial management.

Mr. Ronald Iu, Chief Executive of Ping An Digital Bank, said, “Ping An Digital Bank remains committed to being a user-centric digital bank. Since launching our wealth services in March 2026, we have observed strong demand among customers for diversified asset allocation and flexible wealth management solutions.

Furthermore, a recent report indicates that Hong Kong has overtaken Switzerland as the world’s leading cross-boundary wealth management center, which is another reason to expect increasing capital inflows to the city. Capitalising on this momentum, Ping An Digital Bank is introducing private fund products, marking our debut as the first digital bank to step into the high-end wealth management sector. Leveraging our agile digital platform and dedicated offline wealth management services, we are reinventing the high-end wealth management experience to empower customers in optimising their portfolios and achieving their global asset allocation goals.”

Ping An Digital Bank’s wealth management service is designed around user experience at its core, streamlining processes to make the investor journey simpler and more convenient. The Bank collaborates with leading global fund houses, including J.P. Morgan Asset Management and Aberdeen Investments, to offer semi-liquid fund products to customers. Going a step further, the Bank complements its end-to-end digital capabilities with dedicated offline wealth management services. In addition to offline support, the online platform offers analysis tools and trading experiences comparable to online brokerages, ensuring swift and efficient execution to deliver an all-around wealth management ecosystem.

Looking ahead, Ping An Digital Bank will continue to advance its brand vision, “Always with You, Always Ahead,” harnessing financial technology to expand its footprint in high-end wealth management. By combining personalized offline wealth services with the agility of its digital infrastructure, PingAnDB aims to provide customers with comprehensive, flexible asset management solutions, setting a new benchmark for digital wealth management in Hong Kong.

Important Notes
Investment involves risks. Investors should carefully read the offering documents of each product to understand the detailed risk disclosures applicable to the relevant products. The information contained herein is for general reference purposes only and does not constitute, nor should it be regarded as, any investment advice, recommendation, offer, solicitation, inducement, commitment, or guarantee. Private wealth management financial products, including private funds, are not regulated by the Securities and Futures Commission and are offered solely to customers who meet the professional investor requirements under the Securities and Futures (Professional Investor) Rules.

Hashtag: #平安數字銀行 #PingAnDB #財富管理 #WealthManagement

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

Ping An Digital Bank

Ping An Digital Bank (International) Limited (“Ping An Digital Bank,” “PingAnDB”) is a wholly-owned subsidiary of Lufax Holding Ltd (“Lufax”) (SEHK: 6623; NYSE: LU) and a member of Ping An Insurance (Group) Company of China, Ltd. (“Ping An”) (SEHK: 2318; SSE: 601318). Ping An Digital Bank was granted a banking licence by the Hong Kong Monetary Authority in May 2019 to offer retail banking and business banking services. Backed by Ping An’s advanced technology, Ping An Digital Bank is elevating banking experience, serving customers in Hong Kong and the Greater Bay Area, establishing itself as Ping An Group’s integrated financial platform in Hong Kong.

Arabian Post Staff -Dubai Abu Dhabi’s Mubadala Capital has secured US regulatory clearance for its $6.2 billion acquisition of Clear Channel Outdoor Holdings, removing the final regulatory obstacle to taking the American billboard advertising company private. Clear Channel announced on Wednesday that the Committee on Foreign Investment in the United States had approved the transaction, allowing the investor consortium led by Mubadala Capital to proceed towards completion […]

Rated AAA on the China national scale by Lianhe and recently ranked 398th on Forbes Global 2000, up from 1007th in 2022 · Milestone marked by a gong ceremony at the Connect Hall, Hong Kong Stock Exchange, on 30 June 2026

BUDAPEST, HUNGARY and HONG KONG SAR – Media OutReach Newswire – 30 June 2026 – OTP Bank Plc. (“OTP Bank” or “OTP”), the leading banking group in Central and Eastern Europe (CEE), today marked the establishment of its EUR 7 billion Euro Medium Term Note (EMTN) programme on the Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange” or “HKEX”) with a commemorative gong ceremony at the Connect Hall, Hong Kong Stock Exchange. OTP is the first European Union financial institution to open an EMTN programme on the exchange.

Official OTP Bank Gong Ceremony
Official OTP Bank Gong Ceremony

The EUR 7 billion programme was established on the Hong Kong Stock Exchange on 28 May 2026, following approval of its base prospectus by Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF) on 27 May 2026, allowing the issuer to raise debt in multiple tranches, currencies, structures and maturities over time. For OTP – which holds an AAA issuer rating on the China national scale from Lianhe Ratings, the highest available – it establishes a permanent platform for trading with certain OTP bonds, and later for raising capital from Asian institutional investors.

On 16 June 2026, OTP priced the programme’s inaugural issuance: a EUR 1 billion Tier 2 note, listed in Hong Kong and Luxembourg. It is OTP’s largest-ever bond transaction and, as at the issue date, the largest euro-denominated Tier 2 note issued by a bank in the CEE and wider CEMEA region. The offering drew a peak order book of EUR 4.1 billion – the largest in OTP’s history – and priced at a coupon of 4.625%.

The listing builds on OTP’s growing presence in Asian capital markets. In 2025 OTP issued its first Dim Sum green bond, raising CNH 900 million and becoming the first Hungarian institution to issue a public offshore renminbi green bond, following a CNY 300 million bond in 2024. The Bank has operated a representative office in Beijing since 2017, became a full member of the Asian Financial Cooperation Association (AFCA) in 2024, and maintains a strategic partnership with the Industrial and Commercial Bank of China (ICBC).

Sándor Pataki, Director of Investor Relations and Capital Markets Operations of OTP Bank, said: “Listing our EMTN programme in Hong Kong is a clear demonstration of OTP Bank’s long-term vision and strategic commitment to international capital markets. Hong Kong excels itself as one of the world’s leading international financial centres, serving as a vital bridge between East and West. For OTP Bank, this is not only an opportunity to access liquidity, but also to deepen relationships and build lasting trust with investors in this dynamic region. The demand we have seen for OTP’s credit, including the record order book for our inaugural issue off the programme, reflects the growing interest in high-quality European issuers.”

As Asian investors increasingly look to Europe to diversify their portfolios, Central and Eastern Europe offers a distinctive proposition: emerging-market growth rates combined with the low-risk profile of the European Union. The region’s attractiveness is reinforced by its convergence towards the eurozone. Three of the five countries in which OTP is the market leader sit at the heart of Europe’s euro-convergence story – Bulgaria, which adopted the euro on 1 January 2026, Slovenia, which adopted the euro years ago, and Hungary, OTP’s flagship market, where the recently elected government aims to create the conditions for euro adoption around 2030.

OTP combines what rarely comes together in European banking: high growth, strong profitability and an ultraconservative balance sheet built for resilience. OTP Group is one of the largest and fastest-growing banking groups in the region, recently ranked 398th on the Forbes Global 2000 list, up from 1007th place in 2022. It pairs an annual organic loan growth of around 15% with a disciplined acquisition record and high profitability – a 2025 return on equity of 21.6% – and with an ultraconservative balance sheet: a leverage ratio well above its European peers, strong capital and liquidity, and one of the most resilient outcomes in the European Banking Authority’s latest stress test. In 2023, OTP became the first European bank to enter Uzbekistan, bringing the total population across OTP’s markets to 110 million.

Sándor Pataki, Director of Investor Relations and Capital Markets Operations of OTP Bank, added: “We believe the combination of growth, profitability and stability is what makes OTP an attractive name for fixed-income investors. This is also reflected in our recent ranking among the world’s top 500 companies by Forbes.These achievements are the result of a consistent strategy: prudent growth, diversified funding sources, and a strong focus on long-term partnerships. Over the decades, OTP Bank has built a solid track record in international debt capital markets, and today’s milestones further strengthen that foundation. Looking ahead, we see significant opportunities to deepen our engagement with Asian investors and institutions. We are confident that this listing will serve as a cornerstone for long-term cooperation, mutual growth, and shared success.”
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The issuer is solely responsible for the content of this announcement.

OTP Bank

OTP Group provides universal financial services to 17.5 million customers across 11 countries in Central and Eastern Europe and Central Asia, with 40,000 employees and total assets of USD 138 billion. OTP has ranked No. 1 in Central and Eastern Europe by Tier 1 capital in The Banker’s Top 100 CEE Banks for three consecutive years (2023-2025); it was named the second best-performing bank in Europe by S&P Global Market Intelligence and the Best Bank in Central and Eastern Europe by Global Finance. The Group has risen to 398th on the Forbes Global 2000 in 2026 (from 1007th in 2022). OTP Bank has been listed on the Budapest Stock Exchange since 1995. The Bank holds an AAA issuer rating on the China national scale from Lianhe and is rated BBB by S&P.

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