Financial Center News #67

🌙 Wishing everyone a blessed and joyous Eid Al Nabawi 🌙

Let's take this moment to reflect on his values of compassion, kindness, and humility, and strive to incorporate them into our lives every day. Eid Mubarak to Muslims all around the world 🌟

📲 waifc.finance

#eidmubarak #WAIFC

🌕✨ Celebrating the Mid-Autumn Festival! 🌸🥮

Wishing everyone a joyful and blessed Mid-Autumn Festival filled with peace, happiness, and moonlit memories. 🌺

#MidAutumnFestival #MoonFestival #CelebrateTogetherness

🎤 The World Alliance of International Financial Centers (WAIFC) will host a panel at Sibos 2024 in Beijing on October 23rd.

Join us from 10:30 to 11:15 (CST) for a dynamic discussion on "Managing Transition Finance in the Age of Sustainability: How International Financial Centres are Paving the Way to Net Zero." 🌱

Our panel, moderated by our Managing Director, Jochen Biedermann from #WAIFC, will feature thought leaders such as Nicola Watkinson (she/her) (TheCityUK), King Au (Financial Services Development Council), Hubertus Väth (Frankfurt Main Finance), and Dr. Soongoo Ahn (Busan Finance Center).

We will explore how International Financial Centers are driving the transition to a sustainable, net-zero economy and the pivotal role they play in global finance. 💡

📲 Link to Registration: https://lnkd.in/dXEikMSN

#Sibos2024 #SustainableFinance #NetZero #WAIFC #GlobalImpact #FinanceLeadership 🌐

🤝 Our member Financial Services Development Council signed a MoU with #Beijing Financial Street Services Bureau to forge a strategic partnership.

Financial Services Development Council has signed a Memorandum of Understanding (#MOU) with the Beijing Financial Street Services Bureau, marking a significant step toward strengthening collaboration in the financial services sector between #HongKong and #Beijing.

The MOU, signed by Dr. King Au, Executive Director of #FSDC, and Mr. Lu Wuxing, Director of the Beijing Financial Street Services Bureau, sets the foundation for a partnership focused on knowledge sharing, organizing finance events, and fostering talent exchange. The signing was witnessed by Mr. Christopher Hui, Secretary for Financial Services and the Treasury (SFST) of the HKSAR Government.

This strategic alliance paves the way for new opportunities and reinforces our dedication to advancing the financial landscape. Together, we aim to create a more interconnected financial ecosystem and drive growth for financial institutions in both cities.

📲 Press Release: https://lnkd.in/gTFD-QfD #partnership #financialgrowth #talent #connectivity #collaboration #financialservices #FSDCHK #fsdchongkong

ADGM and the Department of Municipalities & Transport have signed a pivotal MoU, setting the stage for optimized real estate and municipal services within ADGM’s expanded jurisdiction on Al Reem Island.

As ADGM integrates businesses under its licensing, this partnership enhances service efficiency, fosters innovation, and defines roles for seamless operations. Together, ADGM and DMT are elevating standards to meet the evolving needs of the community, solidifying Abu Dhabi’s position as a global financial hub.

#ADGM #DMT #AlReemIsland #CollaborationForGrowth #SmartCity #Innovation

📣 The AIFC participants’ pavilion was organized at Astana Finance Days 2024, which was presented to the President of Kazakhstan, Kassym-Jomart Tokayev. Executives from major companies in finance, trade, digital technology, and metallurgy, all operating within the AIFC’s jurisdiction, shared their achievements and future development plans with the President.

Timur Turlov, CEO of Freedom Holding Corp.: 💬 “The European brokerage infrastructure of Freedom was ‘unpacked’ within the AIFC in just four months. We have become the largest retail broker in Kazakhstan through the Astana International Exchange.”

Wang Songhua, CEO of China Construction Bank’s Astana branch: 💬“We chose the AIFC for several reasons: an independent regulator, preferential tax regime, a favourable business environment, and close cooperation between Kazakhstan and China.”

Dmitry Kirsanov, Managing Director of Fix Price Group Plc: 💬"We chose Astana because it enables efficient operations across all the countries we serve, with advanced practices and access to investors.”

Samat Daumov, Director of GRATA International’s Astana office: 💬“Our decision to join the AIFC was driven by the desire to expand, develop new products, and access an international regulatory framework.”

Vishal Sacheendran, Head of Regional Markets at Binance: 💬“Kazakhstan is a priority country for Binance. Since our launch in June 2023, the number of local platform users has exceeded 100,000.”

Vitaliy Nesis, CEO of Solidcore Resources: 💬“Listing on AIX provided us with a safe harbor during heightened geopolitical uncertainty and opened up opportunities for new investors.”

Robin Hoekjan, COO of Amicorp Fund Services: 💬“Kazakhstan stands out as an emerging hub with strong economic growth. By collaborating with AIFC, Amicorp can contribute to the growth of the financial sector.”

Good afternoon from Busan Finance Center 😊🎇

Today, a special 9th BFC concert was held in collaboration with BIFC! 🎉

Today's performance was led by KNN Philharmonic Orchestra. The program included Washington Post March, Greeting of Love, Cinema Paradiso, Jurassic Park OST, La La Land OST, Autumn Song Medley, Lee Moonsae Medley. They performed a total of 7 songs. The final BFC concert has come to an end. Thank you for all the love and support you’ve shown us until now.🥰

#DIFC is now home to more than 400 wealth and asset management firms, including 44 'billion-dollar club' hedge funds.

The Centre's hedge fund ecosystem continues to boom with a significant increase in industry presence.

Read more: https://lnkd.in/dFMhS_nX

H.E. Mr. Emmanuel Hategeka, High Commissioner of the Republic of Rwanda to the Republic of Mauritius with residence in Pretoria, South Africa, paid a courtesy call on the CEO of EDB, Mr. Ken Poonoosamy this afternoon, 16th September 2024. The CEO of EDB highlighted the bilateral relations between the Republic of Mauritius and the Republic of Rwanda and expressed the willingness to renew existing ties with the Rwanda Development Board (RDB) to create a framework for cooperation, consultation and exchange of information between both entities.

👉 Read more: https://lnkd.in/d-fGb5vS

The Rwanda High Commissioner to Mauritius, H.E. Mr. Emmanuel Hategeka, will present his Letter of Credence to His Excellency the President of the Republic of Mauritius, Mr. Prithvirajsing Roopun, at the State House in Reduit on 17th September 2024

Warm wishes to you and your loved ones. Happy Eid Maulud from all of us at EnterpriseNGR.

The Malta Financial Services Authority (MFSA) is hosting a conference on financial stability on the 9th of October 2024, titled "Key Themes in Financial Stability Conference" at The Xara Lodge in Rabat, Malta.

FinanceMalta Chairman Mr George Vella will be moderating a panel session titled "Financial Sector Resilience: Real Estate and Climate Related Risks" during the event.

🔗Register Now https://lnkd.in/enCDGjBk

#FinancialServices #FinancialStability

🔷 Listen to #MoneyTalk (#حديث_المال), your weekly program that enriches your financial knowledge, every Monday at 1pm on Atheer Hala FM

💰 Take the opportunity to develop your financial skills and increase your investment awareness! 💰

🎙️ The program comes in partnership with:

Muscat Stock Exchange S.A.O.C

Muscat Clearing & Depository Company S.A.O.C.

Hiroshi Nakaso, chairman of FinCity.Tokyo (東京国際金融機構). delivered the keynote address at ABAC (APEC Business Advisory Council) titled ”From Armada to Chief Navigator,” making a case for International Financial Center Tokyo for APEC Journey to Sustained Growth. Please see its contents attached.

#FinCityTokyo #ABAC

Keynote speech presentation: https://lnkd.in/gzuWw6h6

🌍 Investments in sustainability are picking up speed! 🌍

According to the new CxO Sustainability Report 2024 from Deloitte, 85% of companies worldwide have increased their investments in sustainability projects. #Technology plays a central role in this: half of managers are already using innovative solutions to achieve climate targets, and a further 42% plan to do so in the next two years.

🔎 What does this mean for companies?

- Climate change is considered one of the top factors for future business strategies.

- Sustainability creates competitive and innovative advantages.

- German managers are increasingly focusing on the topic, even if there is a lack of political support.

📈 Particularly noteworthy: 92% of managers believe that their company can grow and reduce #greenhouse#gas#emissions at the same time. Sustainability is increasingly seen as a value driver - from increasing efficiency to attracting talent. Companies are turning to technological solutions to achieve their climate targets and boost their innovative strength.

👉 You can find the report here: https://frankfurt-main-finance.com/en/investments-in-sustainability-continue-to-rise/

🚀 We are initiating consultations as part of the Data & AI Specialization of Future Finance Poland. We kindly request your assistance in formulating a position regarding the draft Data Management Act (UC67). ✍ According to information on the government website, the new regulations will increase the amount of data that can be used in innovative products, services, and applications. The legislation will introduce mechanisms to allow certain categories of data from the public sector to be reused, even if they are protected due to the rights of others. This includes data that is confidential for commercial reasons, protected by intellectual property rights, or related to personal data safety. The Act aims to ensure full protection of these rights while supporting citizens and public authorities in sharing protected data. ➡ If you would like to take part in the consultations, please contact us: at zkrauzowicz@futurefinancepoland.com.

🗓 Consultations last until September 30.

🙌 Join us! 🙌

Accenture, Andy Zak, Mariusz Jasek, Pawel Widawski, Piotr Brewiński, Zuzanna Krauzowicz, Katarzyna Multan, Kasia Jedlińska, Aneta Girdwoyń (Kmoch), Anna Malanowska

The Hong Kong Academy for Wealth Legacy (#HKAWL) Legacy Summit was a resounding success. Over 140 global family principals gathered to explore impactful strategies for enduring legacies. The debut of the #ImpactLink project showcased how families can amplify their philanthropic efforts. Together, we're reinforcing #HongKong's position as a premier hub for #FamilyWealthManagement. #familyoffice #wealthmanagement #familylegacies #philanthropists #familyimpact #financialservices #fsdchk #fsdchongkong #HKAWL Financial Services and the Treasury Bureau (FSTB)

The countdown is on, just one week to go ⏳

We are gearing up to host the biggest event in our calendar next week – our annual private wealth conference in London.

This conference gives attendees the opportunity to network with industry peers and hear from inspiring and respected speakers. We look forward to welcoming all our attendees next week at The Brewery on Chiswell Street.

This event is sold out to London delegates, but you can join the waitlist to be notified if a place becomes available 👇 If you can’t make it, we will be sharing highlights and key takeaways after the event, so stay tuned!

https://jsy.fi/4fVD6oD

Join the waitlist: https://jsy.fi/3XqNJHI

#JFPrivateWealth

Last week, our Chief Investment Officer Jean-Marie Kananura joined a panel on Driving Financial Inclusion at 24 Fintech in Saudi Arabia. He highlighted KIFC's role in advancing financial inclusion, how Rwanda is emerging as a financial services hub, and our value proposition for FinTech.

Despite the role it plays addressing today’s social and environmental challenges, sustainable finance still faces obstacles. Critically, there is a noticeable shortage of staff adequately trained in this aspect of financial services. The Luxembourg Sustainable Finance Initiative (LSFI) has developed a tool mapping available sustainable finance training, both in Luxembourg and neighboring countries. This matrix, which continues to grow as new programs are introduced, represents a genuine innovation at a European level. At present, the LSFI website provides information on no fewer than 170 training modules. Nicoletta Centofanti, CEO of the Luxembourg Sustainable Finance Initiative, sheds light on the offerings and future outlook.

➡️ https://bit.ly/3zlnJFy

#Luxembourg #Finance #Sustainable

While artificial intelligence is already permeating economic life (#chatbots to communicate 24/7 on sites, or help in detecting fraud), the European Union has just adopted a regulation on #AI which comes into force gradually since August 1, 2024. Paris Europlace has therefore indicated to the European Commission, in response to the public consultation open until 13 September, that the #competitiveness of companies should not be penalized: many rules are already more demanding in Europe than elsewhere (data protection, internal control systems, level of equity), and a further divergence with other jurisdictions would penalize technological #innovations in the Union more, and the productivity and cost savings that are expected from it. In addition, since AI is evolving, the rules that intend to regulate it have a moving target. However, the processing of mass data (for risk analysis), the automation of routines or the offer of personalized services to consumers are among the expected benefits of a controlled use of AI. Avoiding black boxes presupposes, for developers and deployers alike, a process explainability and risk governance that will probably never completely erase the need for human supervision. Simplification of provisions, clarification of definitions and proportionality of requirements are therefore imperative to facilitate the proper application of this European regulation. Under these conditions, thank you to the many Paris Europlace members present at the AI for Finance Summit on September 17 to show their expertise in favor of a reasoned and efficient use of AI. Read the response to the European Commission's consultation proposed by the Paris Europlace Working Group on AI: https://lnkd.in/epTjNTC5 Thank you Thomas Rocafull Baptiste Epplin Sophie Le Goff Jeanne Fourcade Matthieu Lucchesi Joffrey Martinez Nicolas Ernould Emma SEZEN Hugues Even Damien ERNST Marcin Detyniecki Aldrick ZAPPELLINI Nofel Goulli Nelson VadoriAntoine Ly Adrien Vesteghem Christophe Tummers

Explore the essentials of QFC in one comprehensive guide. 🔎⬇️

From our robust structure and legal framework to the different types of legal entities, learn all you need to know to make an informed decision.

Ready to take the next step? Register your firm with QFC today: https://lnkd.in/dsirD7pP

#QFC #Doha #Qatar #QatarBusiness #FamilyOffice #Foundation #Trust #SPC

🌱 Sustainable Finance Roundtable: Financing the Heat Transition 🌱

On Thursday, September 12, the second Sustainable Finance Roundtable took place at the premises of the L-Bank - Staatsbank für Baden-Württemberg.

Dr. Philipp Veit (Head of Stuttgart Financial) and Dr. Helmut Stermann (Head of Corporate Finance L-Bank) warmly welcomed the guests to the L-Bank Rotunda, thus kicking off an exciting discussion.

A special highlight was the keynote speech by Prof. Dr. Tobias Popovic on the topic of "Financing the Heat Transition – Challenges, Investors and Innovative Financing Solutions". This offered valuable insights into the central aspects of the heating transition and formed the perfect transition to the panel discussion.

With a top-class panel consisting of experts such as Andreas Klingemann (BDEW), Markus Duscha (Fair Finance Institute), Dr. Sabine Löbbe (Reutlingen University of Applied Sciences), Dr. Sebastian Glock (VC Trade), Michael Frenz (LBBW) and Johannes Zimmermann (DKB) as well as Dr. Max Weber as moderator, we were able to discuss different approaches and financing solutions for the transformation of the heat supply. The question of how we can finance a climate-neutral heat supply by 2045 was particularly exciting. It became clear that for the transformation we need innovative financing models and close cooperation between the financial sector, municipalities, municipal utilities and industry. Alternative concepts such as citizen participation and public-private partnerships also play an important role here.

A big thank you to all participants for the exciting contributions and discussions. Together we are driving the heating transition forward – for a sustainable and climate-friendly future!

Many thanks to Melanie Koegler from the Reinhold Maier Foundation for the great cooperation.

#SustainableFinance #StuttgartFinancial #GreenFinance #Transformation #EnergyTransition

One more week to go! We are pleased to support the Global Ethical Finance Initiative (GEFI)’s Ethical Finance Global 2024, taking place at the RBS Conference Centre in Edinburgh on 25 September 2024. This event will address navigating uncertainty, leadership, and purpose in times of crisis, delivering a just transition, and developing practical solutions for climate and nature.

We are pleased to offer a 50% discount on tickets using the promo code TCUK50.

For further information on the program and registration, check out here: https://lnkd.in/eX-58SRX

#EEG #SustainableFinance #TheCityUK