Financial Center News #3

ADGM takes a significant leap towards sustainable finance by implementing sukuk bonds as part of its comprehensive regulatory framework.

The inclusion of these bonds plays a pivotal role in accelerating the UAE's transition to a greener future, cementing ADGM's commitment as a sustainable finance. With immediate effect, the framework reflects the urgency of promoting global green initiatives and establishing AbuDhabi as a forefront of sustainable finance.

Discover more about ADGM's sustainable framework here: https://lnkd.in/dXJbRHPF

Astana International Exchange (AIX) is pleased to present its results for the first six months of 2023.

The first half of 2023 has been characterized by stubbornly high inflation, rising interest rates, and heightened uncertainties. Nevertheless, AIX has experienced a steady increase in trading turnover, rapid growth of the retail investor base, and a firm pipeline for various projects and issues.

Busan Finance Center published the 30th issue of its Inside Busan Finance magazine.

Download PDF (in Korean): https://www.kbfc.or.kr/_Data/PDFData/2ab74acb2f140047b87355a846bd904f.pdf

Don't miss our "Road to COP 28 webinar series: transition finance in Africa"

Ahead of COP28 and as a supporter of the Green Investment Principles (GIP) for the Belt & Road, we are co-organizing a webinar in partnership with Bank Of Africa BOA and Ninety One, co-chairs of the GIP's Africa chapter. The one-hour discussion aims to build capacity around developing a transition finance framework specifically applicable to Africa, building on the G20 efforts that can be used by investors, financial institutions, and governments to have a greater impact on the decarbonization of the whole African continent. Don't miss the opportunity to hear first-hand experiences and insights from experts on Thursday, July 27, 2023 - 10:00 (Morocco time).

Click here to register: https://lnkd.in/eeNiPtgQ

DIFC announces its first edition of the Future Sustainability Forum.

The Forum to be held 4-5 October 2023, at the Ritz-Carlton DIFC, will focus on mobilizing sustainable finance and innovation by connecting industry leaders, investors, tech disruptors and policymakers, and channel investment flows between the global north and south, to accelerate climate action.

The agenda supports COP28's 4-pillar plan on fast-tracking the transition, fixing climate finance, focusing on adaptation to protect lives and livelihoods, and making COP28 fully inclusive, announced by COP28 President-designate and Minister of Industry and Advanced Technology today.

To register for the Future Sustainability Forum visit: https://lnkd.in/dsRa_wEs

GoTrade Webinar Package 'Power Up Your Business'

The International Trade Centre (ITC) SheTrades invites you to join an upcoming six-part webinar series, titled 'Power Up Your Business,' in collaboration with DHL.

These webinars will allow access to a wealth of knowledge and expertise from industry experts at DHL, a global leader in logistics and shipping services. Whether you are a seasoned entrepreneur or just starting your journey, these webinars will provide valuable insights that can help you overcome challenges and take your business to new heights.

Letter F 22/2023

In this issue:

1. Farina (ANIA) to the government: let's prepare tomorrow's Italy together

2. Patuelli (ABI): the fight against inflation does not depend only on monetary policies

3. Albertini Petroni new president of Confindustria Assoimmobiliare

4. OECD at work on SMEs

In brief: 1. ANFIR's States General; 2. European Commission: published two new proposals on payment services and data sharing.

Digital Transformation in Insurance

A networking event by FinanceMalta and The University of Malta - Department of Insurance & Risk Management on July 18, 17:00 to 20:00 pm

FinanceMalta and The University of Malta's Department of Insurance and Risk Management are organizing a panel session titled 'Digital Transformation in Insurance: Challenges & Opportunities' followed by a networking event. International and local Professors and students of the 1-week insurance course held in July and organized by the UM, and FinanceMalta practitioners and advisors operating in the insurance industry are encouraged to register and attend.

Register to attend: https://www.eventbrite.com/e/digital-transformation-in-insurance-challenges-opportunities-tickets-646887015477

Global Startup Pitch & Networking Event

FinCity.Tokyo will host a Pitch event on the theme of a decarbonized society. With the Japanese government's declaration of virtually zero carbon emissions by 2050 and the Tokyo Metropolitan Government's declaration to realize a "Zero Emission Tokyo" that contributes to virtually zero CO2 emissions, Tokyo has been supporting foreign companies related to decarbonization to set up operations in Tokyo. This session will discuss how these foreign companies are setting up and developing their businesses in Tokyo, as well as issues and recent trends on the theme of decarbonization. We look forward to seeing you there.

Date & Time: Tuesday, August 29, 2023, 16:00-18:00

To register, please visit https://lnkd.in/gC6Z8RQm

DVFA Monthly Question: DVFA Investment Professionals see political analysis as more important in research

The latest DVFA monthly question is once again addressed to the more than 1,400 members of the association and is dedicated this month to the topics of political research, ESG analyses and geoeconomics.

Developments in the stock markets are always embedded in political and social conditions of whatever kind. Against the backdrop of the current significant increase in uncertainty and ambiguity in global political events - key words "Russian war of aggression in Ukraine" or "Corona" - the professional association of investment professionals asked its members about aspects of geoeconomics - the combination of security and economic policy.

Geoeconomics has a stronger influence on research than on the development of the stock market:

There was a differentiated opinion on the question of whether stock markets have "longer legs" - i.e. more lasting influence - than in the past. 42% agree with this statement, 32% say that this is not the case. That there is no change is the verdict of 22 %.

FSDC Chairman Laurence Li spoke at The Law Society of Hong Kong's forum on "Doing Business in Hong Kong in a Rapidly Changing World"

He highlighted Hong Kong's three strengths:

Financial market connectivity through the launch of the Connect series,

The future prospect of RMB internationalization and

The supportive environment under the Central Government and Hong Kong Basic Law

Laurence shared that Hong Kong serves as a bridge between Western and Chinese societies, which are becoming more complex nowadays. However, with the above-mentioned unique strengths and competitiveness, Hong Kong's position as an international financial center is well maintained.

When we opened our Dubai office in 2018, we became the first international finance center to have an office within Dubai's economic zone (DIFC).

Since our office launch, our presence in the region has continued to flourish through our topical events, insightful articles, and research. Our latest regional brochure highlights the strong ties between Jersey and the Gulf region, demonstrated by case studies from our Jersey-based firms.

Read now: http://bit.ly/3EDR3qn

We are delighted to share that, in partnership with AVCA - The African Private Capital Association, our second research report on 'Unlocking the potential of digital payments in Africa' will be out soon!

Visit the publications section of our website for a preview: www.kifc.rw/resources/

Luxembourg has updated its legislative framework relating to investment funds to enhance its competitiveness and, thus its leadership in this area.

The new bill, which was introduced by the Ministry of Finance in the spring of 2023 and passed by Parliament on 11 July, amends important provisions in the five sectoral laws governing investment funds in Luxembourg (SICAR, SIF, UCI, AIFM, and RAIF). The amendments are largely targeted toward the alternative funds sector, which has seen significant growth in the country in recent years.

Find out more: bit.ly/44p51Hh

Replays and photos of the #ParisFinanceForum 2023 are now available!

Live or relive these two days on the theme of "Finance at the service of society" alongside our speakers on the event website: https://lnkd.in/e59E6ANb

Happy WorldYouthSkillsDay!

On this day, we shine a spotlight on "Future Assets," an invaluable summer program we proudly sponsor for youth in Qatar.

Today, we emphasize the crucial role of equipping young individuals with skills for employment, entrepreneurship, and enhanced productivity.

Register now for this exciting program: https://lnkd.in/dvAAYCtB

13 - 17 August

Stay tuned for future sponsorships dedicated to empowering young people and nurturing the skills they need for a brighter future!

The government's Delivery Plan on a Smarter Regulatory Framework for financial services marks significant progress towards ensuring the UK remains globally competitive.

Its practical focus will allow firms to plan with more certainty, and the clarity of responsibilities between regulators, HM Treasury and Parliament will help to build transparency and accountability and benefit the whole industry.

Through our International Regulatory Strategy Group (IRSG), which is a joint venture with the City of London Corporation, we will remain engaged with the government and continue to focus on the implementation of the delivery plan.