THE WORLD'S FIRST PAIR OF NIKKEI 225 LEVERAGED & INVERSE PRODUCTS (L&IS) OUTSIDE OF JAPAN TO LIST ON HKEX TOMORROW

HONG KONG, May 29 (Bernama-BUSINESS WIRE) -- Coupling with the first Nikkei 225 Index ETF (3153.HK) in Hong Kong, CSOP Asset Management Limited (“CSOP Asset Management”) rolls out CSOP Nikkei 225 Daily (2x) Leveraged Product (7262.HK) and CSOP Nikkei 225 Daily (-2x) Inverse Product (7515.HK), which will be listed on Hong Kong Stock Exchange on May 29, 2024 as the world’s first pair of Nikkei 225 Leveraged & Inverse Products (L&Is) outside of Japan¹. Aligning with CSOP Nikkei 225 Index ETF (3153.HK), which was launched to help investors tap into the long-term investment value in Japan, 7262.HK and 7515.HK aim to help investors ride on the short-term ebb and flow of Japan market.

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In order to track the two times daily performance and two times inverse of the daily performance (before fees and expenses) of the Nikkei 225 Index, both 7262.HK and 7515.HK deploy a futures-based replication strategy, through investing directly in the nearest quarter Nikkei 225 Futures (and/or nearest quarter Nikkei 225 mini), with a listing price of about 78 Hong Kong dollars per unit, trading lot of 10, and management fee of 1.6% of the ETF’s net asset value per year. 7262.HK and 7515.HK each has received an initial investment of around 10 million US dollars.

The Nikkei 225 Index has surged by 17.77% YTD after rising 30% in 2023, positioning Japan as the best performing stock market among major global markets². The launch of the Leveraged and Inverse Products is in response to mixed views on the outlook of Japan stock market after it hit the all-time high. On one hand, the corporate efforts to enhance ROE and shareholder returns continue to bolster valuations. The Bank of Japan maintains accommodative monetary policy this year, and the inflation outlook remains steady³. On the other hand, Japanese Yen, reached its 34-year nadir lately⁴, is deterring foreign investors from Japanese stocks, while weak domestic consumption has led to tepid economic growth. Additionally, Japan has lost its crown as the world’s third-largest economy in Q4 2023, with GDP figures disappointed⁵.

Among the top 10 actively traded ETPs, 6 are Leveraged and Inverse Products of the Nikkei 225 Index, establishing them the most actively traded ETPs in Japan⁶. 7262.HK and 7515.HK provide additional tools for Hong Kong investors seeking to capture the fluctuations in the Japanese market. Nikkei 225 Futures and Nikkei 225 mini are futures contracts on the Nikkei Stock Average, traded on the Osaka Exchange (OSE). These futures are the most popular ones in Japan, accounting for approximately 70% of the total derivatives market, with foreign investors making up around 75%⁷.

Ms. Ding Chen, CEO of CSOP Asset Management Limited, is delighted to announce the listing of the CSOP Nikkei 225 Daily (2x) Leveraged Product (7262.HK) and CSOP Nikkei 225 Daily (-2x) Inverse Product (7515.HK) on the Hong Kong Stock Exchange tomorrow. She remarks, "As an ETF issuer esteemed by investors in the APAC region, CSOP has consistently endeavored to offer comprehensive and diversified investment products. Currently, we stand as the leading issuer of Leveraged and Inverse products in Hong Kong, commanding a market share of 99%⁸. The introduction of the first Nikkei 225 Index L&Is listed in Hong Kong presents avenues for capturing short-term opportunities in the Japanese market." 

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DRAGON BOAT RACES SET TO MAKE WAVES IN HONG KONG NEXT MONTH

KUALA LUMPUR, May 27 (Bernama) -- The Hong Kong Tourism Board (HKTB) and the Hong Kong China Dragon Boat Association announced the highly anticipated 2024 “Hong Kong International Dragon Boat Races”, which is set against the stunning backdrop of Victoria Harbour, scheduled to take place on June 15 to 16.

According to HKTB in a statement, this sporting event will see over 170 teams and 4,000 dragon boat athletes worldwide compete over an exhilarating weekend in the heart of Hong Kong which will also headline a series of water-splashing activities.

With a rich history dating back to 1976, the city is recognised as the birthplace of modern competitive dragon boat racing, and nowadays the annual Hong Kong International Dragon Boat Races (IDBR) has become a hallmark event on the global sporting calendar.

This year, in addition to race categories for teams of all ages from around the world, as well as the always colourful Fancy Dress Competition, visitors may explore an array of Instagram-ready dragon boat-themed LINE FRIENDS displays and indulge in local specialty drinks and sweets while cheering on the races.

Furthermore, there will also be a food lane lining the Avenue of Stars from June 8 to 16 offering, among others, ice-cold drinks and refreshing desserts for a day to night experience.

There are more water-related activities splashing into Hong Kong including Waterbomb, a popular Korean event known for its music and water fights, on June 1 to 2 at the West Kowloon Cultural District, showcasing vibrant performances by renowned Korean artists such as Jay Park, Rain, Jessi and Hyuna.

In addition, on June 8 and 9, S2O, the largest water music festival in the city is celebrating its second year and will bring electrifying performances by internationally acclaimed DJs and artists to the Central Harbourfront Event Space.

Meanwhile, on the night of June 10, Dragon Boat Festival, a newly curated drone show will be launched over Victoria Harbour, followed by a captivating Pyrotechnic Display on June 15, the first day of IDBR for overseas visitors to enjoy a spectacular show under Hong Kong’s skyline after a full day of exciting races.

-- BERNAMA

MING REVISITING DIVE WATCH WITH 37.09 BLUEFIN

KUALA LUMPUR, May 24 (Bernama) -- Horologer MING, an independent Malaysian-Swiss watch brand, has released the new 37.09 Bluefin, featuring its third-generation design language.

It is the brand’s first watch with a unidirectionally-rotating, luminous sapphire timing dial that replaces a conventional dive bezel, in which it rides on bearings and is set by a dedicated crown, according to a statement.

The Bluefin’s steel case is water resistant to 600 metre (m), but comfortably sized at 38x12.8 millimetre (mm), and it is powered by a customised Sellita SW300-1 with 50 hours of power reserve and bidirectional automatic winding.

The 37.09 Bluefin continues the MING design tradition of graphically minimalist scales that are easy to read and index. A new metallisation process creates a deep blue hue on the sapphire dial, which along with the hands, is extensively treated with Super-LumiNova X1 for optimal legibility under all conditions.

Additionally, watches will be delivered on a new moulded Fluorine Kautschuk Material (FKM) rubber strap that is also compatible with all of MING’s previous 20mm lug watches.

Meanwhile, the natural shape of the strap matches the curvature of the average wrist, and it is also keeperless and tapered in thickness to further enhance comfort, which will be available as a standalone accessory as well.

The MING 37.09 Bluefin is priced at 4,950 Swiss Franc, with 500 watches produced for 2024, with deliveries expected to begin October this year. (1 Swiss Franc = RM 5.15)

Horologer MING aims to revive a sense of excitement and discovery among watch enthusiasts, dedicating to refined aesthetics paired with innovative  materials, mechanics and engineering. MING is a registered trademark in Switzerland and Malaysia and represented by Horologer MING SA, Switzerland.

-- BERNAMA

VERDANTIS APPOINTS KUMAR GAURAV GUPTA AS CHIEF EXECUTIVE OFFICER

^{Kumar Gaurav Gupta (CEO- Verdantis) (Photo: Business Wire)}


PRINCETON, N.J., May 20 (Bernama-BUSINESS WIRE) -- Verdantis, a pioneering leader in AI-powered data solutions, proudly announces the appointment of Kumar Gaurav Gupta as its new Chief Executive Officer (CEO). Taking on the role of CEO he shoulders the responsibility of propelling growth, with a sharp focus on ensuring global customer success.

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Excited about his new role, Kumar stated, "It's a great honor to lead this data platform & services company at such an exciting time. Given the growing importance of data and the emergence of Artificial Intelligence, I am confident Verdantis is poised to empower our customers in making data-driven ROI decisions. I am grateful to the Verdantis team for their trust and consideration."

Before Verdantis, he held various roles including VP & Country Manager for the Indian subcontinent at SAP Concur and served as a business consultant advising customers on strategic priorities. Kumar holds a bachelor's degree from Delhi College of Engineering and a master's degree from the Indian Institute of Management, Indore.

Kumar will be instrumental in shaping Verdantis' strategic direction, fostering innovation, and driving the company's continued success in delivering cutting-edge data management solutions to clients worldwide.

About Verdantis

Verdantis, stands at the forefront of data-driven solutions, empowering organizations across diverse industries to harness the potential of consistent and accessible data. Our focus on data alignment, enhancement, and insights enables businesses to streamline operations, make well-informed decisions, and realize strategic objectives.

Driven by cutting-edge AI technology, Verdantis offers enterprise-grade Master Data Management (MDM) solutions that deliver tangible results, enhancing ROI and unlocking the full value of ERP/MRP/EAM investments for over 200+ implementations across Global 1000 organizations. We ensure both semantic and structural ongoing data integrity and quality, driving data-driven decision-making with confidence.

For more information on how Verdantis can elevate your data management capabilities, please visit www.verdantis.com or contact us at info@verdantis.com.

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Contact

Media:
Priyanka Agarwal
Marketing Lead
marketing@verdantis.com
Ph: +1 (866) 987-4463

Source : Verdantis, Inc.

GEN Z MORE LIKELY TO ENGAGE IN UNETHICAL CONDUCT IN WORKPLACE - RESEARCH

 

KUALA LUMPUR, May 14 (Bernama) -- A new report by LRN Corporation revealed significant challenges in workplace ethics, with nearly a quarter (23 per cent) of employees worldwide agreed that “it is OK to break the rules if needed to get the job done” and 14 per cent admitted to had actually “engaged in behaviour that violated their company’s Code of Conduct or standards” in the past year.

The report also found that 22 per cent of Gen Z respondents engaged in unethical conduct in the past year in the workplace, compared with just nine per cent of Boomers.

A leader in ethics and compliance (E&C) solutions, LRN Corporation in a statement said the results suggested an inverse trend between this mindset and age, with Gen Z 2.5 times more likely to agree with breaking the rules than Boomers.

The research found that companies with strong ethical cultures have lower rates of observed misconduct and report their observation at a rate 1.5 times higher than those in companies with weak cultures (93 per cent compared to 63 per cent).

Globally, one-third (33 per cent) of respondents had observed misconduct or unethical behaviour in the past year, with harassment, discrimination, conflicts of interest, and employee health and safety violations cited most frequently.

Of those, one-fifth (21 per cent) did not report their observation because they did not think their company would do anything about their concern (36 per cent) or handle it effectively (30 per cent), or because they feared retaliation (36 per cent). These trends overwhelmingly signal a lack of trust in the system of procedural justice within the organisation.

The research also probed employees’ perceptions of artificial intelligence (AI) and its place in work and on careers, while a slight majority believe AI will have a positive impact, employees who view their companies as adaptive and resilient are nearly two times more receptive to the potential benefits of AI in their workplace and career opportunities.

The report also uncovered several other notable findings include a large majority (79 per cent) of employees who observed misconduct reported their observation, with most raising their concern to either their direct manager or another manager in the company (77 per cent combined).

In addition, the research highlighted that psychological safety was the greatest predictor of whether employees would report misconduct they had observed; and hybrid employees have more positive perceptions of their company’s ethical culture than their fully in-office peers.

The findings are included in the company’s latest Benchmark of Ethical Culture Report, which is based on a comprehensive survey of more than 8,500 employees at major organisations and corporations in 15 different countries, and from 13 different industries.

-- BERNAMA

AM BEST TO SHARE INSIGHTS ON PHILIPPINE INSURANCE MARKET AT MANILA SUMMIT

KUALA LUMPUR, May 6 (Bernama) -- Global credit rating agency, AM Best will be providing key insights on the Philippine insurance market at the Philippine Insurance Summit 2024 taking place on May 30, at the New World Makati Hotel in Manila.

In a statement, AM Best said its Financial Analyst Susan Tan will provide a market segment outlook report for the Philippines and discuss its insurance segment during a presentation at the summit.

A Singapore-based analyst for the credit rating agency, Tan oversees a portfolio of rated insurers that operate in the Asia Pacific region.

Its Asia Pacific Chief Executive Officer and Managing Director, Rob Curtis will also be in attendance. Also based in Singapore, Curtis is responsible for AM Best’s strategic market development for the region.

With the theme "Navigating the Future: Trends, Technology, and Transformation in the Rapidly Evolving Landscape of Insurance,” the daylong event will explore emerging trends, challenges, and opportunities shaping the future of insurance.

The insurance summit is a collaboration between the Insurance Institute for Asia and the Pacific (IIAP) and the Philippine Insurers & Reinsurers Association (PIRA).

-- BERNAMA

AZUL INTELLIGENCE CLOUD BOOSTS DEVOPS EFFICIENCY WITH INSIGHTS FROM PRODUCTION RUNTIME DATA ACROSS ENTIRE JAVA ESTATES

Powerful DevOps analytics solution now supports Oracle JDK and any OpenJDK-based distribution

SUNNYVALE, Calif., May 2 (Bernama-BUSINESS WIRE) -- Azul, the only company 100% focused on Java, today announced that Azul Intelligence Cloud, Azul’s cloud analytics solution which provides actionable intelligence from production Java runtime data to dramatically boost developer productivity, now supports Oracle JDK and any OpenJDK-based JVM (Java Virtual Machine) from any vendor or distribution.

Businesses are under pressure to accelerate application innovation cycles and optimize their development resources, while simultaneously ensuring the security of their applications and customer data. Azul’s Intelligence Cloud consists of two services which address these challenges for Java applications running in production:

· Azul Vulnerability Detection, to eliminate false positives by accurately identifying and prioritizing known security vulnerabilities; and
· Code Inventory, to help identify unused and dead code by precisely detailing what custom and third-party code is actually run.
 
“We clearly see the benefit that Azul Intelligence Cloud delivers to our customers by helping their DevOps teams save an immense amount of time and increasing their productivity,” said Ed Tybursky, managing partner at Remend, an independent Oracle advisory firm. “The ability to efficiently triage vulnerable code and identify unused code for removal from telemetry across an entire Java estate, regardless of JDK distribution or vendor, is a crucial capability that enables DevOps teams to effectively focus their time and attention.”

“Enterprise IT teams need accurate, unified insights they can put into action to improve efficiency and control costs,” said Jevin Jensen, IDC research vice president, Intelligent CloudOps. “A solution that can reduce false positives found in most vulnerability scanning enables DevOps, SRE and CloudOps teams to focus on the actual Common Vulnerability and Exposures (CVEs) that are executed by production applications. By avoiding code paths that are never executed, teams can move faster and reduce remediation costs.” 

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YAMATO HOLDINGS FREIGHT SERVICE BETWEEN SOUTHEAST ASIA, EUROPE TO REDUCE TRANSIT TIME

KUALA LUMPUR, May 2 (Bernama) -- Tokyo-headquartered Yamato Holdings Co Ltd has launched an international multimodal transport service by truck and rail connecting Southeast Asia and Europe on May 1.

The service was introduced to build a resilient global supply chain between Southeast Asia and Europe, in which the new transportation option offers seamless connectivity for the customers.

According to a statement, Yamato Holdings has helped customers build their global supply chains across 24 countries and regions.

In addition, its group company, Overland Total Logistic Services (M) Sdn Bhd in Malaysia has been providing cross-border truck transport services utilising container trailers between Southeast Asian countries and China since 2001.

Moving forward, the company will continue to propose solutions that optimise the customers' entire global supply chains, aiming for total logistics cost reduction, production efficiency improvement, and environmental impact reduction.

By utilising Overland Total Logistic Services' truck transport network for the Southeast Asia-China segment and partnering with rail service providers for the China-Europe segment, Yamato Holdings will provide seamless transportation through the delivery destinations.

This solution has shorter transit times than maritime transport via the Cape of Good Hope, and lower cost and less greenhouse gas emissions than air transport.

-- BERNAMA