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Media Advisory - BMO Expert Podcast on COVID-19 and the Future of the Global Economy

Darryl White, Chief Executive Officer, BMO Financial Group leads the discussion

TORONTO, April 1, 2020 /PRNewswire/ -- Following BMO Financial Group's 2020 Annual Meeting of Shareholders, BMO is providing access to a podcast featuring diverse perspectives on the economic and social impacts of the COVID-19 pandemic and how businesses must evolve and adapt to changing conditions.

In this podcast, BMO experts examine how the current situation compares to the financial crisis of 2008, the long-term economic impact of government and central bank stimulus and relief packages, as well as how companies will succeed, grow, and deliver shareholder value in the "new normal".

Who:

Darryl White, CEO, BMO Financial Group

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24 Exchange Signs Statement of Commitment to FX Global Code

HAMILTON, Bermuda, April 1, 2020 /PRNewswire/ -- 24 Exchange, a multi-asset class, 24-hour trading platform, announced today that it now operates in full compliance with the principles of the FX Global Code. The Code was created by The Global Foreign Exchange Committee in 2017 as a common set of guidelines to promote the integrity and effective functioning of the wholesale foreign exchange market. It was developed by a partnership between central banks and market participants from 16 global jurisdictions.

24 Exchange has signed a Statement of Commitment to the FX Global Code as an electronic trading platform, pledging adherence to the Code's set of global principles of good practice in the FX market.

Dmitri Galinov, CEO and founder of 24 Exchange, said: "It is essential for our young company to formally demonstrate its commitment to the critically important guidelines contained in the FX Global Code. At the same time, we are very proud to note that 24 Exchange was founded on similar principles of fairness and transparency."

In applying their extensive experience at major financial firms, the executive leadership of 24 Exchange will ensure all of the company's operations and controls are fully compliant with the FX Global Code and will stay current as the Code is evolved over time.

About 24 Exchange
24 Exchange is a multi-asset class, multi-dealer trading platform that allows market participants to exchange their exposures at the lowest possible cost. Our mission is to enable our members to initiate the most cost-effective trades across a growing range of asset classes, 24 hours a day. We lower the cost of exchanging assets in the global markets while delivering creative and unique workflows catered to each asset class. 24 Exchange is operated by 24 Exchange Bermuda Limited. The company is domiciled in Hamilton, Bermuda but is not regulated by the Bermuda Monetary Authority. More information is available at https://www.24exchange.net/.

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CreditEase Wealth Management Wins Five Best Wealth Manager Awards at 2019 Asian Private Banker 2nd China Wealth Awards

CreditEase Wealth Management Wins Five Best Wealth Manager Awards at 2019 Asian Private Banker 2nd China Wealth Awards
  • CreditEase Wealth Management is a long-term partner to Chinese high net worth (HNWs), and provides services and products related to investment, quality of life, succession, education and philanthropy.
  • CreditEase Wealth Management combines digital innovation with deep economic and investment research, to deliver wealth management solutions to clients
  • Core to CreditEase Wealth Management's proposition is our 'Three Golden Principles for Asset Allocation' investment strategy, which highlights the importance of allocation across geographies and asset classes, as well as an overweight allocation to alternatives, via Fund of Funds.

BEIJING, April 1, 2020 /PRNewswire/ -- Asian Private Banker, renowned for Asia Pacific private bank and wealth management market, today announced 2019 Asian Private Banker 2nd China Wealth Awards winners. CreditEase Wealth Management (CreditEase WM) was awarded the Best Independent Wealth Manager in China, Best Digital Wealth Management Platform in China, Best Wealth Manager in China for Ultra-High Net Worth (UHNW) Services, Asset Allocation Services and Alternative Investment Advisory.

Along with CreditEase WM awarded the Best Independent Wealth Manager in China, Private Banking of Bank of China won "the Best National Private Bank in China", Private Banking of China Merchants won "the Best Joint-Stock Private Bank in China" and Bank of Shanghai won "the Best City Commercial Private Bank in China", and Huatai Securities won "the Best Wealth Manager in China Securities Brokerage."

Asian Private Banker (APB) has one the world's largest and best-connected team of researchers delivering intelligence, news and data exclusively focused on private banking and wealth management. The Asian Private Banker's second China Wealth Awards for wealth management in China are designed for the Chinese market to recognize private banks, institutions and independent wealth management firms for their achievements in the unique market environment of China in 2019 and to affirm their efforts to drive industry change and guide customers. Now in their second year, the China Wealth Awards continue to honour the firms that have gone above-and-beyond to responsibly deliver compelling wealth management solutions and add value to China's most moneyed individuals, families, and their businesses. For these awards, Asian Private Banker employs an integrative methodology that combines both quantitative and qualitative indicators to select champions for each category. The categories of awards cover business and operations, client services, and investment solutions. Due to the requirements for detailed benchmarking in the selection process, the APB wealth management award is considered as one of the most respectful and competitive honors in the wealth management industry.

CreditEase WM wins the Best Independent Wealth Manager in China

Xiao Shang, Co-President of CreditEase WM, said, "We are very honored to receive this award—Best Independent Wealth Manager in China, which highly recognizes the quality of our services to our HNW clients by an international professcional authoritative agency. Established upon strong international capabilities, investment capabilities, technological capabilities and comprehensive service capabilities, CreditEase WM not only screens boutique investment products for clients, but also strives to truly solve clients' problems, and become a long-term partner in their growth path."

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Hex Trust becomes the first licensed digital asset custodian in Hong Kong to support R3's blockchain platform, Corda

HONG KONG, April 1, 2020 /PRNewswire/ -- Hex Trust has become the first licensed digital asset custodian in Hong Kong to integrate with R3's Corda platform, enabling the blockchain ledger into Hex Trust's digital asset custody solution. R3 has also made Hex Trust's custody solution available to their network of partners.

The integration will allow banks, financial institutions, and institutional clients of Hex Trust to safely and securely hold tokens built on Corda within Hex Trust's proprietary custody platform. The 'Hex Safe' custody solution offers market-leading security, enhanced by their recent business partnership and integration with IBM LinuxONE. Digital assets on Hex Trust's platform also have insurance coverage which has been arranged by AON.

R3 is an enterprise software company working together with an ecosystem of more than 350 firms to build distributed applications on top of its Corda platform. These solutions, known as CorDapps, are being used across industries such as financial services, insurance, healthcare, and trade finance.

The Corda platform is a blockchain platform that enables businesses to transact directly and in strict privacy using smart contracts, reducing transaction and record-keeping costs and streamlining business operations. R3 delivers two interoperable and fully compatible distributions of the platform – Corda open-source, and Corda Enterprise, a commercial version for enterprise usage.

Cathy Minter, CRO at R3, said:

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GenScript Biotech Reports 2019 Financial Results and Provides Business Update

NANJING, China, April 1, 2020 /PRNewswire/ -- GenScript Biotech Corp. (Stock Code: 1548.HK), a leading global biotechnology company, yesterday reported full year 2019 financial results and provided a corporate update. In 2019, overall revenue of the Group was approximately US$273.4 million, representing an increase of 18.4% as compared with that for the year ended December 31, 2018. Gross profit was approximately US$180.3 million, representing an increase of 13.8% YoY.

GenScript's four major business segments continued to grow steadily in 2019. Revenue growth was primarily attributable to the continued stable growth of life science products and services, an increase in contract revenue from Legend's collaboration with Janssen on CAR-T cell therapy (JNJ-4528), the rapid conversion of biologics CDMO service backlog, and an increase in customers and their purchase volumes of industrial synthetic biology products.

GenScript has made significant investments in R&D in each of its business segments. During the reporting period, the Company's R&D expense increased by 151.0% to US$186 million compared with 2018. 

"GenScript's current investments and our bold initiatives across all four business units are significantly advancing our long-term goals and illustrate our ongoing commitment to building a strong foundation for high-quality growth," said Dr. Zhang Fangliang, Founder, Chairman & CEO of GenScript, "We intend to continue to invest heavily in R&D, talent and facilities to drive the growth of each business segment."  

Business Highlights - Legend Biotech and Cell Therapy

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Ontario Teachers' net assets at $207.4 billion at year-end 2019

Record investment income of $20.2 billion during the year

TORONTO, April 1, 2020 /PRNewswire/ -- Ontario Teachers' Pension Plan Board (Ontario Teachers') today announced a total-fund net return of 10.4% for the year. Net assets reached $207.4 billion as of December 31, 2019, a $16.3 billion increase from December 31, 2018.  Ontario Teachers' earned $20.2 billion in investment income in 2019, the most in the organization's history.

"Ontario Teachers' diversified, high-quality portfolio achieved a total-fund net return of 10.4% and our net assets reached $207.4 billion to end the year," said Jo Taylor, President and Chief Executive Officer. "The investment world since then has changed dramatically due to COVID-19, which is having an impact on all of our activities. We are highly focused on the wellbeing of our members and employees, and our team has demonstrated remarkable agility as we adapt the way we work while maintaining our high levels of service."

As of January 1, 2020, the plan was fully funded using prudent assumptions for a seventh consecutive year, with 100% inflation protection being provided on all pensions.

As at December 31, 2019, Ontario Teachers' has had an annualized total-fund net return of 9.7% since inception. The five- and ten-year net returns, also as at December 31, 2019, were 7.8% and 9.8%, respectively.

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21st Century Education Announces 2019 Annual Results

Results Highlights:

  • The Group achieved a strong performance in 2019, with revenue increasing by 16.0% over the same period of 2018 to RMB234.2, profit increasing by 19.2% over the same period of 2018 to RMB82.8, and the number of students increasing by 5.4% over the same period of 2018 to 32,228 people. The Board recommends a final dividend of HK$2.2 cents per share.
  • During the Year, the Group actively promoted the strategic layout of "content + technology" and investment and cooperation projects. The output capability of vocational education and quality-oriented education was continuously improved. The digital expansion of education business was progressing smoothly. Meanwhile, multiple acquisition projects have been consolidated into the financial statement during the Year.
  • The Group will exert great efforts to develop vocational education and quality-oriented education, while attach greater importance to content development, specialty construction and the improvement of teaching quality and operational efficiency, thus to enhance the core competitiveness of the Group.

HONG KONG, April 1, 2020 /PRNewswire/ -- A large private education service provider in China - China 21st Century Education Group Limited ("21st Century Education" or the "Company", together with its subsidiaries, collectively referred to as the "Group") is pleased to announce the audited comprehensive consolidated results of the Group for the twelve months ended 31 December 2019 (the "2019" or "the Year").

For the year ended 31 December 2019, the Group's revenue achieved RMB234.2 million, representing an increase of 16.0% compared with the same period of 2018, of which the revenue from vocational education was RMB141.0 million; the gross profit was RMB121.3 million, representing an increase of 18.6% compared with same period of 2018; the profit for the year was RMB82.8 million, representing an increase of 19.2% compared with the same period of 2018; the Group recorded 32,228 students enrollment, representing an increase of 5.4% compared with the same period of 2018. The Board recommends a final dividend of HK$2.2 cents per share.

Benefiting from the Group's standardized management and efficient operation, the Group has achieved significant growth in operating indicators such as student numbers, and key financial indicators such as profit.

The Number of Students Continued to Grow, while the Core Business Developed Steadily

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MAR
31
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SIHL Reports Strong Results in Three Core Businesses

HONG KONG, March 31, 2020 /PRNewswire/ -- Shanghai Industrial Holdings Limited ("SIHL" or the "Company", together with its subsidiaries collectively referred to as the "Group"; HKSE stock code: 363) has announced its audited annual results for the year ended 31 December 2019. Revenue amounted to HK$32,345 million, representing an increase of 6.4% year-on-year; profit attributable to shareholders of the Company amounted to HK$3,350 million, representing an increase of 0.5% year-on-year. The Board of Directors has recommended a final dividend of HK52 cents per share. In terms of the interim dividend, the Company has completed the payment in the form of distribution of 1 share of Shanghai Industrial Urban Development Group Limited ("SIUD", HKSE stock code: 563) for every share of SIHL. The interim dividend was equivalent to HK$1.01 based on the closing price of SIUD on the dispatch date of October 18, 2019. The whole year dividend was HK$1.53 and the payout ratio was as high as 49.7%, to reciprocate our shareholders' long term support.

2019 Annual Results Highlights:


For twelve months ended 31 December

(Audited)


2019

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Newborn Town Inc. (9911.HK) revenue grew by 40.8% YoY to RMB 389.7 million and gross margin reached 67.1% in FY2019.

Implementing 'Traffic+' strategy to accumulate global traffic; whilst exploring mobile applications to unleash the users' values with support from AI technology

Newborn Town Inc.

2020-03-31 19:42

HONG KONG, March 31, 2020 /PRNewswire/ -- Newborn Town Inc. (HKG: 9911), a fast-growing mobile applications developer and mobile advertising platform services provider in China, is pleased to announce the audited consolidated results of the Company and its subsidiaries (collectively the ''Group'') for the year ended 31 December 2019 (the ''Year'').

Strategically constructing a global traffic ecosystem with unlimited monetisation

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OneConnect's Gamma Lab wins FinTech Team of the Year award at The Asset for two consecutive years

SHENZHEN, China, March 31, 2020 /PRNewswire/ -- OneConnect, a leading technology-as-a-service platform serving financial institutions in China, is pleased to announce that its artificial intelligence research institute, Gamma Lab, won the FinTech Team of the Year award for its strong technical prowess, wide range of deployment scenarios across the financial sector and high-speed growth at The Asset Triple A Digital Awards 2020 held by international authoritative media The Asset. The Gamma O platform was awarded the Best Digital Financial Project for its success since launch in providing one-stop solutions that empowered financial institutions and technology service providers in connecting with each other.

The Asset was founded in 1999, with its Triple A awards gaining a high level of influence and authority in Asian and international financial markets. For two consecutive years, Gamma Lab won the FinTech Team of the Year award, demonstrating OneConnect's industry leading position in both AI technology R&D and deployment.

OneConnect's information extraction technology led at the international AI competition SemEval 2020, representing another world first for Gamma Lab in new AI technologies beyond the successes that the institute had achieved in terms of performance in the areas of microexpression recognition, facial action unit recognition, machine reading comprehension, natural language generation, emotion recognition and deep learning model inference.

Gamma Lab not only has the leading AI technology, but also deploys the technology in financial scenarios. Its remote agent service uses robots rather than humans to reach customers efficiently and understand their expectations through intelligent outbound calling. Standardization and full assurance of service quality can be achieved through smart customer service, while through batching of work orders, repetitive customer service tasks can be eliminated, saving both labor and time.

The Gamma O open platform has three core values:

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