Economic Aid to Africa from China

Economic Aid to Africa from China

China has established itself as a major factor in the development of Africa, with significantly increasing engagements and commitments in recent years. As such, the China-Africa collaboration, which has increased in the last few decades, has been hailed as a win-win situation for everyone.

Not long after its establishment, China began to engage with African countries. Since then, China has pledged to support and help many African representatives and governments, despite its own political and economic troubles. In exchange, China secured votes to reclaim its seat at the United Nations (held by Taiwan's government until 1971). As a result, avenues for much-needed oil and mineral resources were established, food security issues were resolved, and the country earned a strategic base in Africa.

Recently, China overtook the United States as South Africa's most important commercial partner. With this, the trade totalled an outstanding amount of US$ 16 billion, and China enjoyed a surplus of US$ 2.7 billion. South Africa, once the largest economy in Africa, exports over US$ 5.5 billion in minerals each year, materials that China desires. Then Chinese Vice President Xi Jinping concluded a spectacular three-day visit to the nation some years back.

Contrary to historical Western colonial powers, the Chinese emphasize that bilateral collaboration with China is always a win-win scenario for African governments. Beijing has been rebuked for its own "economic colonialism." The Chinese government supplies oil, gas, and raw commodities in exchange for money to undemocratic and oppressive regimes. They further invest in infrastructure development as long as Chinese corporations are utilized. On the other hand, the Western governments have some barriers that see them setting restrictions on aid to guarantee that it fulfils the population's needs. South Africa's Standard Bank has 20% of its shares owned by China's Industrial and Commercial Bank.

Africa has a big market for building transportation linkages (roads, trains, and ports) and electrical power plants. The key advantage Chinese firms have over their rivals in Brazil and Europe is "access to funding from policy banks;" enterprises like the China Railway Construction Corp, which approved a memorandum of understanding with Standard Bank to work collaboratively on funding rail and infrastructure projects in Africa. Standard Bank has further agreed to collaborate on nuclear projects in South Africa with China Guangdong Nuclear Power Corp.

Chinese efforts in Africa have sparked worry and even animosity, owing to some unfortunate circumstances in countries such as Sudan and Zimbabwe. Some of the issues include concerns about worker safety, community participation, and environmental destruction. Overall data shows that many Africans embrace China's engagement not only because of the magnitude of its resources and promises but also because of its credibility.

While access to customers and natural resources is a fundamental aim for many of China's African investments, a limited view of China's involvement risks overlooking the larger commitment. China is becoming increasingly interested in practically every African country that does not recognize Taiwan, especially the poorest. While the extractive industries continue to account for the vast bulk of China's $107 billion in bilateral commerce with African countries, China's influence extends throughout nearly every industry. Over 1,000 Chinese companies conduct business in Africa, according to the Chinese Ministry of Trade, in fields such as transportation, commerce, and agricultural product processing.

Chinese aid is typically directed towards particular initiatives rather than big programmatic models used by Foreign benefactors, like the President's Emergency Plan for AIDS Relief, a US-sponsored HIV/AIDS prevention and treatment program. The US programs have a multiyear approach, a wide plan, and consistent approaches. China's health aid, on the other hand, sometimes involves agreements to establish a clinic or hospital in a nation or region or to transfer Chinese medical staff or medications to certain countries. These actions are occasionally linked to a specific investment or a Chinese official's political commitment to a local African government. Instead, the Chinese prioritize an urgent, typically vast demand, such as dams or roads, which they usually meet fast and successfully.

China has the capacity to boost African countries' economic development efforts and lift their people out of poverty. To seize the opportunity, many scholars have advised Africans to widen the debate beyond "good against evil" and "The West vs. China." They have encouraged Africans to see the bigger picture in all this.

China Mobile Hong Kong Launches Enterprise Service

China Mobile Hong Kong Launches Enterprise Service

The market demand for smart solutions has surged in recent years, as 5G technology and its commercial applications mature, more companies are investing in smart technology to explore untapped business opportunities and maximize operational efficiency. In view of this, China Mobile Hong Kong (CMHK) announces the launch of "iSolutions", a one-stop infrastructure-based solution providing customized smart solutions backed by 5G technology support. iSolutions covers six major industry sectors and is applicable to companies from SMEs to cross-border corporations. The initiative is part of the group's mission to strengthen its corporate client business and market competitiveness as a smart solutions provider. Leveraging CMHK's unparalleled 5G network advantages and technology resources, iSolutions aims to create cross-industry synergies in making technology applications more accessible, thereby fostering the smart city development of Hong Kong, and uplift the economic prospects and quality of life in the city.

All-round 5G technology and smart solutions applicable to six major industry sectors

iSolutions integrates an array of IoT and ICT technologies including cloud, data centers, big data, AI, etc. Coupling with CMHK's 5G network covering the GBA, iSolutions offers professional consultation and customized smart solutions to companies from SMEs to cross-border corporations, based on their individual needs, or related to the pain points of their related industry.

iSolutions' services are currently applicable to six major industry sectors, including logistics and utility, real estate, IT, education and health, smart city, finance, as well as business and professional service. Application examples include:

Logistics and Utility: Utilizing smart fleet and vehicle-road coordination system to automate logistics processes, empowerd by 5G network, it can be used to control the temperature of food, chemicals, and medications in real-time through a remote platform, enabling companies to seize new business opportunities with enhanced management, as well as cost and operational efficiency.

Real Estate: Providing smart property management solutions for property companies, shopping malls, and hotels, which enable smart buildings, toilets, and carparks. These help to maximize visitor experiences and business opportunities with increased foot traffic.

IT, Education and Health: Enabling more remote features through the 5G network, one being the "Dr. HK" medical app jointly developed by CMHK and the largest digital healthcare platform in Hong Kong, Heals. Dr. HK has a medical network with multiple local clinics, and provides users with one-stop medical services, including online doctor consultations and delivery of medication in under 4 hours.

For education, iSolutions offers smart campus, AI learning platforms, and IT labs for schools, using VR to foster a creative teaching and learning environment, without the limitations of space and tools, thereby promoting the cultivation of future STEM talent.

Smart City: Aiding government departments and community organizations to enhance operational efficiency via 5G technology, thereby building a digitalized Hong Kong. For instance, 5G robots were dispatched to the Sham Shui Po community and quarantine centers to help with anti-epidemic pack distribution and disinfection, easing manpower pressures and risks of virus transmission during the pandemic.

Finance: Developing and managing the architecture of leased lines, multi-cloud service, private cloud, and cloud connections for banks, securities firms, and asset management companies; providing enterprises with comprehensive and secured cloud networks via 5G slicing technology.

Business and Professional Services: Conducting technical testing, data reconciliation and analysis for companies ranging from the retail industry to professional services such as legal counsel and accounting. Examples include using AI and big data to help retail brands uplift customers' shopping experience and provide insights into consumer habits, for better marketing and business strategies.

Achieving cross-industry synergies with extensive smart solutions experience and resources

Backed by CMHK's extensive experience in smart solutions development and advanced technology resources, iSolutions not only provides one-stop customized solutions for companies of different sizes and industries, but also aims to become a platform for resource sharing, allowing companies to exchange technology, or even cross-industry collaborations, thereby achieving a 5G synergy across industries. As more companies join the ranks of smart business, future applications are full of possibilities. CMHK will continue to work with enterprise clients to introduce more innovative solutions, and strive to promote the development of Hong Kong as a smart city."

China Mobile Hong Kong Company Limited ("CMHK") is the wholly-owned subsidiary of China Mobile Limited (HKEx: 941) (NYSE: CHL), which ranks 56th on the Fortune Global 500. CMHK was incepted in January 1997 and was the first mobile network operator to launch PCS services in Hong Kong. The Company offers innovative and comprehensive communications services, including voice, data, IDD and international roaming through 5G, 4G LTE and 3GHSPA and other technologies. The Company is committed to the development of 5G with new technologies such as artificial intelligence, internet of things, cloud computing and big data, integrating 5G applications in different industries, promoting the construction and development of smart city groups in Greater Bay Area.

Music China 2022

Music China 2022

Music China, jointly organized by CMIA, Shanghai INTEX, and Messe Frankfurt, returns to Shanghai, China, October 26th -29th, 2022. As its 20th edition, Music China this year will feast your eyes with not only front-edge products but also various events to celebrate the anniversary.

Having been held for 20 years, Music China has contributed to building an international platform for exhibition and exchange of musical instruments in the global market, helping open a widow for Chinese products to go abroad and also for international brands to enter the Chinese market. In 2020, despite the COVID-19 pandemic Music China was successfully held, hosting 1,106 exhibitors from 15 countries and regions, and drawing a total of 81,761 visitors onsite and 1.62 million viewers online. In 2021, although the exhibition was called to a halt due to domestic pandemic plans, an online program was held to meet the needs for business match-making, new product launch, and branding, drawing a total of 239,000 visits online.

Embracing its 20th anniversary this year, Music China will continue to upgrade itself in both depth and breadth – with a parallel development of the digital and physical exhibition, as well as an extension of the exhibit categories and the exhibition space to 115,000 m2. As a complementary service, the online exhibition and business match-making meetings will be held to meet the needs for international trade during the epidemics, generating a tremendous buying power in the collapsed distance.

To promote music business, education, and culture, Music China will also throw a series of concurrent events covering all aspects of music, such as the Industry Forum, the New Product Global Launch, the National Music Education Conference, and the Future Music Festival. Those events will not only allow exhibitors to explore more channels for branding and marketing their products but also deliver valuable content related to music to audiences from all walks of life.

Although the pandemic has been keeping people away from each other, Music China will try to bring the global practitioners together through Internet, and continue its efforts in generating business opportunities for brands and traders on this functional platform, and contributing to the prosperity of the global music industry. We look forward to seeing you on Oct. 26th -29th in Shanghai New International Expo Centre, sharing with you the fruit of the past 20 years, and making a brand-new start for the prosperous future.

ESR acquires 550000 sqm in China

ESR acquires 550000 sqm in China

ESR Cayman Limited ("ESR" or the "Company", together with its subsidiaries as the "Group"; SEHK Stock Code: 1821), APAC's largest real asset manager powered by the New Economy, today announced that the Group has completed the acquisition of a prime logistics and industrial portfolio in Greater Shanghai, China, in partnership with a leading global institutional investor.

The portfolio, which consists of 11 completed logistics and industrial assets with a total GFA of over 550,000 sqm, represents the largest logistics and industrial portfolio ever sold in Greater Shanghai. The portfolio is concentrated in the Yangtze River Delta region, spanning major cities including Shanghai, Kunshan, Suzhou, Taicang and Hangzhou, with high exposure to dense population centres and excellent access to transportation systems.

Jeffrey Shen, Co-founder and Co-CEO of ESR, said: "A high-quality existing portfolio of this size, strategic location and value-add potential is a rare opportunity in the closely held greater Shanghai market. We are very pleased to collaborate with one of our long-time capital partners to secure this portfolio. This acquisition further cements ESR's strong position in China as we continue to expand our network of strategically located best-in-class New Economy assets across the country. This also demonstrates our ability to capture compelling investment opportunities for our capital partners who are eager to increase their exposure to New Economy real estate where they remain significantly underweight. The portfolio has several projects with strong value-add potential, which will be optimised by ESR as our highly experienced team leverages its deep local knowledge and our robust ecosystem of customer relationships."

With US$13.4 billion of New Economy AUM[1] and a 2.5 million sqm of pipeline[2], ESR Group has established a leading position in the Chinese logistics real estate market in which Greater Shanghai has been a core strategic market for the Group. The Yangtze River Delta region – one of the strategic megalopolises and home to a cluster of e-commerce and modern logistics companies – has been an important economic powerhouse for the nation benefiting from coordinated policies introduced by the government to facilitate talent mobility and business development, among others. The regional GDP of the Yangtze River Delta region accounted for 24.5% of China's total in the first three quarters of 2021, up from 24.1% in the full year 2018[3]. Nested in the heart of the region, demand for logistics space in Shanghai remained consistently strong in 2021, with rent rising by 2.2% year-on-year while the vacancy rate edged down by 2.4 percentage points year-on-year[4].

With its recent acquisition of ARA Asset Management, ESR has emerged as APAC's largest real asset manager powered by the New Economy and the third largest listed real estate investment manager globally with a gross AUM of US$140 billion[5]. As the Group further grows its New Economy real estate platform, which tops the APAC region with an AUM of US$59 billion[6], it will continue to identify prime assets to add to its portfolios, with an aim to further enhance its New Economy offerings with a full suite of real estate development products and investment solutions.

ESR is APAC's largest real asset manager powered by the New Economy and the third largest listed real estate investment manager globally. With US$140 billion in gross assets under management (AUM), our fully integrated development and investment management platform extends across key APAC markets, including China, Japan, South Korea, Australia, Singapore, India, New Zealand and Southeast Asia, representing over 95% of GDP in APAC, and also includes an expanding presence in Europe and the U.S. We provide a diverse range of real asset investment solutions and New Economy real estate development opportunities across our private funds business, which allow capital partners and customers to capitalise on the most significant secular trends in APAC. With 14 listed REITs managed by the Group and its associates, ESR is the largest sponsor and manager of REITs in APAC with a total AUM of US$45 billion. Our purpose – Space and Investment Solutions for a Sustainable Future – drives us to manage sustainably and impactfully and we consider the environment and the communities in which we operate as key stakeholders of our business. Listed on the Main Board of The Stock Exchange of Hong Kong, ESR is a constituent of the FTSE Global Equity Index Series (Large Cap), Hang Seng Composite Index and MSCI Hong Kong Index.