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Consumer spending underpins the region's resilience amid trade shifts and accelerating AI SINGAPORE, Dec. 10, 2025 /PRNewswire/ -- The Mastercard Economics Institute (MEI) today released its annual economic outlook for 2026, revealing that Asia Pacific's growth remains broadly stable even as the global economy adapts to rapid tariff changes, accelerating AI investment, and evolving consumer trends. Globally, MEI expects real GDP growth to ease marginally to 3.1 percent in 2026, compared to an estimated 3.2 percent in 2025. MEI notes that the global outlook for 2026 is shaped by a two-sided set of risks and opportunities. Fiscal stimulus and rapid technological progress—particularly the integration of AI into business operations—are expected to act as major tailwinds for growth, though the benefits will be uneven across regions. At the same time, ongoing geopolitical tensions and the reconfiguration of supply chains continue to create pockets of fragmentation, adding uncertainty to trade and production. The uneven distribution of technological gains could create policy and growth hurdles for some markets. Despite these crosswinds, MEI expects GDP growth across Asia Pacific to hold steady in 2026. A combination of easing inflation, supportive monetary policy and, in several markets, rising real incomes are improving household conditions and reinforcing the region's overall stability. Consumers will stay tech-enabled and value-conscious, prioritizing meaningful moments like travel and live experiences while remaining price-sensitive for essentials. Travel continues to be a strong economic engine, with both outbound and intra-regional tourism gaining momentum. "Given its centrality to global trade, Asia Pacific has shown remarkable resilience at a time when tariff uncertainty and shifting supply chains have threatened to upend international commerce," said David Mann, chief economist, Asia Pacific, Mastercard. "The largely positive outlook for the region's consumers highlights a defining feature of 2026: even as trade realignments and technological shifts dominate the global narrative, microeconomic conditions across much of Asia Pacific are improving. For businesses, staying attuned to these underlying demand trends will be essential." 2026's Defining Economic Forces Trade shakeup: New routes, new realities Global trade continues to reorganize following 2025 tariff shifts, with the Chinese Mainland diversifying exports to new corridors as the U.S. share of Chinese e‑commerce sales fell from 28% in 2024 to 24% by August 2025. For Asia Pacific, this shift brings both risks and opportunities: markets importing more low‑cost goods from the Chinese Mainland are seeing disinflation in imported goods, while exporters in Japan and parts of South Asia face pressure from U.S. tariffs and softer external demand. Despite these realignments, Asia Pacific's position at the center of global supply chains remains intact, with India, ASEAN and the Chinese Mainland playing expanding roles as firms reconfigure sourcing and investment. AI and policy: The next wave of growth MEI's analysis shows AI adoption and targeted fiscal support as meaningful tailwinds in 2026. Within MEI's AI Spending Index, South Korea, Japan, India, and Hong Kong SAR show strong momentum in corporate and consumer uptake of AI tools. In parallel, selective industrial and infrastructure policies—including AI hubs, data centers, smart cities and semiconductor investment—are laying foundations for the next phase of digitization. Together, these shifts position Asia Pacific to benefit strongly from the global transition toward AI-enabled productivity. Travel trends: experiences drive economic momentum Travel remains one of Asia Pacific's most resilient economic drivers. In H1 2025, Singapore's outbound spend was USD 2.7 billion higher than in 2019, while Indonesia and the Philippines led regional growth with outbound travel spending up 40 percent and 28 percent, respectively. Inbound tourism across Japan and parts of ASEAN has normalized, while intra-regional travel is expanding as consumers prioritize experiences over goods. This momentum in leisure and experiential spending underscores the durability of Asia Pacific's services sector and its importance to the region's broader economic outlook. Asia Pacific Outlook: 2026 Highlights Chinese Mainland is forecast to grow 4.5 percent, with consumption strengthening through the year as "new consumption" categories—beauty and wellness, lifestyle upgrades, and fandom-driven collectibles—gain momentum supported by expected rate cuts and targeted fiscal measures under the upcoming Five-Year Plan. The shift toward "trading smart"—where consumers seek quality and unique experiences rather than just low prices—is reshaping retail and digital channels, especially in Tier 3–4 cities such as Yantai and Luoyang. South Asia continues to show solid momentum. India is projected to expand 6.6 percent, supported by domestic demand, monetary easing and digital and services growth. Sri Lanka is expected to grow 3.7 percent as private consumption, rising tourism receipts and accommodative monetary policy sustain its recovery. Bangladesh is forecast to grow around 5 percent, with easing inflation and remittance inflows helping households despite ongoing structural challenges. Japan is expected to grow 1.0 percent, as rising real incomes and firmer household sentiment shift the economy toward a more sustainable, wage-driven cycle. Strategic investment in AI, semiconductors, and energy security continues, while accommodative monetary policy and selective fiscal measures help offset modest pressure on exports from U.S. tariffs. Across the ASEAN-5, growth is set to diverge. Indonesia and the Philippines are expected to remain among the region's fastest growers at 5.0 and 5.6 percent respectively. Meanwhile, Malaysia and Singapore should see growth normalize to 4.2 percent and 2.2 percent, while Thailand is forecast at 1.8 percent. Key risks include energy price volatility and shifts in global demand that may affect employment. In Australia and New Zealand, easing cost pressures and lower interest rates are expected to lift household spending, with growth forecast at 2.3 and 2.4 percent. Experiential spending continues to drive recovery, with consumers prioritizing travel, leisure, and accessible entertainment. Across the region, SMEs are leaning into digital tools and online channels to streamline operations and reach customers, reinforcing resilience amid changing trade dynamics. "While Asia Pacific's outlook is broadly positive, the region faces a complex set of risks in 2026—from ongoing trade fragmentation and tariff pressures to external shocks and disparities in technological progress," added Mann. "How governments and businesses respond to these challenges will shape the next phase of growth. The ability to adapt, invest in digital readiness, and tap into evolving consumer demand will be critical for success." MEI's Economic Outlook 2026 covers 12 Asia and Oceania markets[1], and draws on multiple public sources and Mastercard's aggregated and anonymized transaction data, alongside MEI models estimating economic activity. Additional reports and insights from MEI can be found here. About the Mastercard Economics Institute The Mastercard Economics Institute provides insights into global and local economic trends using advanced analytics and Mastercard's proprietary data assets. Established in 2020, MEI supports businesses, governments, and policymakers with economic monitoring services and timely analysis on economic themes including consumer spending, retail and travel trends, and other local and global barometers of economic performance. MEI offers valuable perspectives to inform decision-making and promote sustainable growth worldwide through our thought leadership series, and through Mastercard's specialized product offerings. [1] Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, Sri Lanka, Thailand
PITTSBURGH, Dec. 9, 2025 /PRNewswire/ -- Optimus Technologies, a leader in advanced biodiesel engine technology, today announced the signing of a Memorandum of Understanding (MOU) with Mitsui & Co., Ltd. ("Mitsui"), one of the world's most diversified and respected trading and investment companies, operating across approximately 62 countries. Under this agreement, Mitsui has secured the exclusive rights as a distributor of Optimus' Vector System™ and related products in Japan, India, and ASEAN countries. This expansion builds on the strong collaborative foundation between the two companies and reflects a shared commitment to scalable, practical decarbonization solutions at a pivotal moment in the global energy transition. As industries worldwide reassess timelines and strategies for electrification and hydrogen adoption, fleets and operators face an urgent need for commercially viable, sustainable alternatives today. Through this expanded partnership, Optimus and Mitsui are positioned to deliver immediate impact, helping organizations across Asia make measurable progress toward their carbon reduction goals. "This MOU represents more than just regional expansion - it's a strategic alignment," said Colin Huwyler, CEO of Optimus Technologies. "Mitsui's global reach, deep market expertise, and longstanding commitment to sustainability create an unparalleled opportunity to accelerate deployment of our technology in some of the world's most dynamic and fast-growing economies." The partnership highlights the rising demand for low-carbon liquid fuels and reinforces biodiesel's role as a scalable, cost-effective pathway to decarbonization. It also strengthens Optimus Technologies' position as the global leader in 100% biodiesel (B100) fuel systems and technology. The Optimus Vector System is a bolt-on upgrade that enables diesel engines to operate on B100, achieving near-zero carbon emissions without compromising performance or reliability. The system intelligently manages and conditions biodiesel to ensure optimal combustion under all operating conditions and can be deployed as a retrofit for existing trucks or integrated with OEMs in new-build applications. With over 150 million real-world miles logged by Optimus-equipped heavy-duty trucks, the Vector System has proven its ability to dramatically reduce emissions while maintaining high performance. Together, Optimus and Mitsui aim to leverage this momentum to deliver decarbonization solutions at a global scale, opening new opportunities for fleets and shippers committed to reducing emissions while meeting the economic and operational demands of heavy-duty transportation. About Optimus Technologies: Optimus provides advanced fuel system technology that upgrades heavy-duty diesel engines to run on 100% biogenic fuels, delivering immediate, scalable, and cost-effective fleet decarbonization. Optimus' solution seamlessly integrates into existing operations, driving sustainability forward for public, private, and for-hire fleets without compromising performance or operations. For more information, visit www.optimustec.com or contact media@optimustec.com. A Hino truck equipped with Optimus Technologies’ Vector System undergoing testing in Japan, part of the collaboration between Optimus and Mitsui & Co. to expand deployment of 100% biodiesel (B100) fuel systems across Asia. Close-up of the Optimus Technologies Vector System manifold and fuel selector valves installed on a Hino truck, enabling seamless operation on 100% biodiesel (B100) as part of the Optimus–Mitsui collaboration in Japan. The Optimus Technologies Vector System user interface and fuel gauge provides drivers with real-time visibility and control of 100% biodiesel (B100) operation - shown here on a Hino truck undergoing testing in Japan in collaboration with Mitsui & Co.
Bringing Together Network Engineering, Autonomous Networks, and Cognitive NOCs to Power Intelligent Network Modernization HYDERABAD, India, Dec. 9, 2025 /PRNewswire/ -- Cyient Limited, a global Intelligent Engineering solutions company, announced the inauguration of its new Customer Experience Center (CEC) in Lisbon, Portugal, by Shri Puneet R. Kundal, Honourable Ambassador of India to Portugal and Sukamal Banerjee, Executive Director and CEO, Cyient. The newly launched Lisbon CEC underscores Cyient's continued commitment to innovation, co-creation, and collaboration with global partners, accelerating network modernization in the connectivity ecosystem. Designed as a dynamic innovation hub, the Lisbon CEC enables customers and partners to experience Cyient's intelligent solutions firsthand and rapidly prototype new offerings that simplify, automate, and accelerate their network modernization journeys in an increasingly hyperconnected world. Speaking on the occasion, Shri Puneet R. Kundal, Honourable Ambassador of India to Portugal, said, "The inauguration of Cyient's Customer Experience Center in Lisbon is a testament to the deepening partnership between India and Portugal in the areas of technology, innovation, and digital infrastructure. By bringing cutting-edge capabilities in 5G, AI-powered network operations, and fibre evolution to Europe, Cyient is not only showcasing India's strength in intelligent engineering but also enabling global operators to build more resilient, secure, and sustainable networks. I am confident that this center will serve as a vibrant platform for co-creation between Indian and European stakeholders, fostering new opportunities, high-value jobs, and inclusive growth in the years to come." At the Lisbon CEC, customers will experience a range of cutting-edge solutions that bring Cyient's connectivity innovations to life. The Pre-Integration Lab showcases multi-vendor O-RAN integration, focusing on energy saving, network slicing, network assurance & anomaly detection, and site surveillance, providing a robust foundation for scalable enterprise 5G and beyond. The Network Operations Center (NOC) highlights AI-powered network fulfilment and assurance workflows, featuring agentic AI capabilities for root cause analysis and predictive maintenance. Meanwhile, the Fibre Evolution Showcase demonstrates automated network data migration across the fibre lifecycle, aligning closely with M&A and monetisation strategies for network operators. Each showcase is designed for scalability and extensibility, allowing seamless integration of future partner innovations and emerging technologies. "The Lisbon CEC is a launchpad for the next generation of network modernization. It is where domain expertise meets AI-powered engineering, enabling operators to intelligently automate workflows, modernize network stacks, and accelerate rollout of future-ready networks. By unifying Network Engineering, Autonomous Network, and Cognitive NOC under one roof, we are creating a space for our customers and partners to co-create prototype at speed, and unlock measurable outcomes across the connectivity value chain," said, Arunav Roy, SVP & Global Business Unit Head, Connectivity, Cyient. The Lisbon CEC expands Cyient's network of experience centers worldwide, complementing the CyientifIQ Experience Center in Hyderabad, India, which showcases intelligent engineering solutions across industries. Together, these centers represent Cyient's vision of Designing Tomorrow Together by fostering cross-domain collaboration and customer-centric innovation. About CyientCyient (Estd: 1991, NSE: CYIENT) delivers intelligent engineering solutions across products, plants, and networks for over 300 global customers, including 30% of the top 100 global innovators. As a company, Cyient is committed to designing a culturally inclusive, socially responsible, and environmentally sustainable tomorrow together with our stakeholders. For more information, please visit www.cyient.comFollow news about the company at @Cyient Phalguna Hari jandhyala Cyient Phalguna.Harijandhyala@cyient.com
Hyundai Mobis to participate in CES 2026 next month… hosting an invitation-only private booth to focus on new business opportunities To be showcased: M.VICS 7.0 cockpit integrated solution, X-by-Wire chassis integrated solution, next-generation displays, and more "Holographic Windshield Display" wins CES Innovation Award, highlighting Mobis's display engineering prowess SEOUL, South Korea, Dec. 9, 2025 /PRNewswire/ -- On the 9th, Hyundai Mobis announced that it will present more than 30 mobility convergence technologies at CES 2026, taking place in Las Vegas from January 6 to 9. Hyundai Mobis will showcase its latest mobility technologies to global customers at CES 2026. Shown here is the M.VICS 7.0 cockpit integrated solution, featuring the CES Innovation Award–winning Holographic Windshield Display. For CES 2026, the company will run its booth as a private exhibit exclusively for pre-invited customers. While engaging general visitors is still valuable, Mobis decided to make CES a more focused venue for securing meaningful business opportunities by inviting key clients from across North America. Under the theme "Layer of Progress," Hyundai Mobis plans to underscore how its technologies connect and evolve together. The company will highlight select innovations across its core areas, including electronics, electrification, and chassis safety, tailored specifically for global customers. Senior executives from multiple major global automakers, including heads of purchasing and technology, have already confirmed their visits, signaling strong interest in the new lineup. To facilitate deeper discussions, Hyundai Mobis has chosen a dedicated meeting room on the third floor of the West Hall at the Las Vegas Convention Center as its exhibition space. The setup allows visiting executives to stay longer, explore the technologies in detail, and discuss potential collaborations in a focused setting. The highlights are the updated M.VICS 7.0 cockpit integrated solution and the X-by-Wire electronic control technology. M.VICS, Mobis's integrated cockpit platform, brings together its advanced infotainment technologies, now refreshed with the 7.0 upgrade. Key features include a holographic windshield display that projects driving information directly onto the glass, a vertically expandable 18.1-inch large display, and a redesigned center-console interface that balances aesthetics with intuitive controls. The X-by-Wire integrated solution is also expected to draw significant attention. X-by-Wire enables electronic steering and braking control without mechanical connections. By integrating both functions into a single controller, it delivers optimized driving dynamics. The system also includes built-in dual safety: even if a steering issue occurs, the braking system can safely manage the vehicle. In addition, Hyundai Mobis will feature a range of next-generation technologies across electronics, electrification, and chassis systems, including an augmented-reality head-up display (AR-HUD), low-power display solutions, and cost-efficient, high-performance EV drive systems, offering customers a comprehensive look at its mobility innovations. "Holographic Windshield Display" Earns CES 2026 Innovation Award, Showcasing Hyundai Mobis's Technical Leadership The Holographic Windshield Display (HWD) featured in M.VICS 7.0 was named a CES 2026 Innovation Award winner last month by the Consumer Technology Association (CTA), reinforcing Hyundai Mobis's global competitiveness in display technology. Each year, ahead of the exhibition, CTA recognizes standout technologies across various sectors, and Mobis received the award in the advanced mobility category for its excellence in engineering. HWD is a next-generation display technology that Hyundai Mobis is developing in collaboration with German optics specialist Zeiss. It is the world's first system to utilize holographic film to transform the entire front windshield into an ultra-large display surface. With this technology, drivers no longer need to glance down at the instrument cluster or other controls. Key driving information appears directly on the windshield, improving both safety and convenience. The passenger side can display separate content, such as videos or games, without being visible to the driver. This allows passengers to enjoy their own infotainment experience while keeping the driver free from distraction. Hyundai Mobis is currently co-developing the HWD technology with major global customers to further refine and advance the system. The company aims to begin mass production in 2029 and position HWD as one of its core strategic offerings. Looking ahead, Hyundai Mobis plans to continue expanding its global order pipeline. Through CES, international exhibitions, and roadshows, the company will ramp up promotional efforts in key markets across North America and Europe. These activities align with its goal of increasing the share of global OEM sales in its core component business to 40% by 2033. About Hyundai Mobis Hyundai Mobis is the global no. 6 automotive supplier, headquartered in Seoul, Korea. Hyundai Mobis has outstanding expertise in sensors, sensor fusion in ECUs and software development for safety control. The company's products also include various components for electrification, brakes, chassis and suspension, steering, airbags, lighting, and automotive electronics. Hyundai Mobis operates its R&D headquarters in Korea, with four technology centers in the United States, Germany, China, and India. For more information, please visit the website at http://www.mobis.com. Media Contact Choon Kee Hwang : ckhwang@mobis.com Jihyun Han : jihyun.han@mobis.com
SHENZHEN, CHINA - Media OutReach Newswire - 9 December 2025 - On November 16, the 27th China Hi-Tech Fair (CHTF) successfully concluded at the Shenzhen World Exhibition & Convention Center. Over the course of three days, the event attracted more than 450,000 professional attendees from over 120 countries and regions—a year-on-year increase of 13%. More than 5,000 new products and innovations were unveiled on-site, accompanied by over 200 major concurrent events. The fair facilitated 1,023 business matchmaking sessions and investment deals, with the total value of intended transactions and investments exceeding RMB 170 billion. Once again, China's technological innovation captured the world's attention. 170 Billion RMB Ignites the Future in Shenzhen This November. The 27th China Hi-Tech Fair Concludes Successfully With the theme "Technology Empowering Industry, Driving Integration for a Shared Future," this year's CHTF showcased cutting-edge products, advanced technologies, and innovative solutions from a wide range of domestic and international industries. As the most popular and high-profile national-level event in Shenzhen this November, the fair ignited passion and enthusiasm across the tech innovation landscape. It not only reinforced its reputation as China's "No. 1 Technology Exhibition," but also cemented its status as the "World's Leading Innovation Fair," serving as a global hub for top-tier technologies and a bellwether for future industrial development. 1. CHTF Showcases a "Clash of Titans" in Technology, Expanding Global Innovation Horizons The 27th China Hi-Tech Fair featured 22 major exhibition zones covering strategic sectors such as national-level equipment, artificial intelligence and robotics, semiconductors and integrated circuits, consumer electronics, low-altitude economy, and commercial aerospace. It offered a comprehensive view of the latest global technological advancements and China's cutting-edge innovations. Over 90% of the physical exhibits at this year's fair represented high-end, precision, and advanced technologies, with more than 20% being debut products unveiled for the first time. More than 40 central and state-owned enterprises, including China Aerospace Science and Technology Corporation, CNOOC, CGN, China Southern Power Grid, and China Electric Equipment Group, showcased their core technologies in intelligent manufacturing. Major breakthroughs such as the Long March rocket, HaiKui-1 platform, Hualong One reactor, "Shenzhen Star" APSTAR-6D satellite, and EH216-S autonomous passenger aircraft demonstrated China's innovation-driven solutions and stirred national pride. Over 2,000 leading enterprises, research institutions, and tech competitions—including BYD, Tencent, Huawei, Honor, Empyrean Technology, Guangming Laboratory, Unitree Robotics, Cyberdog, Bourne Optical, and the Dexterous Hand Competition—brought cutting-edge technologies that electrified the venue. Highlights such as the OpenHarmony ecosystem, Ascend 384 Super Node, domestic AI ecosystem exhibitions, satellite-enabled long-distance robotic surgery, and the world's first MRI with integrated video capture turned heads and drew consistent crowds. Interactive experiences like robot combat, 3D world generation models, eVTOL manned aircraft, and AI-generated artwork created a buzzing, high-energy atmosphere. The overwhelming turnout and excitement underscored the audience's growing anticipation for how technology will reshape everyday life. 2. CHTF Becomes a Core Engine for Resource Allocation, Showcasing National Strategic Strength in Regional Synergy CHTF has firmly established itself as a key platform for promoting regional collaborative innovation, optimizing resource allocation, and advancing market integration. For the first time, this year's CHTF introduced a dedicated exhibition zone for "Regional Economic and Technological Innovation Achievements." From clean energy initiatives in the Northwest to the booming digital economy in the Southeast, and from high-end equipment manufacturing in the Northeast to frontier technologies in the Guangdong-Hong Kong-Macao Greater Bay Area, the zone highlighted the latest breakthroughs in scientific research, independent innovation, and industrial integration across various regions. The Shanghai delegation featured cutting-edge projects including a model of the "China Fusion Engineering Test Reactor (CFETR)," high-temperature plasma treatment technologies, a megacity-level mobility data platform, and a magnesium-based solid-state hydrogen storage and fueling demonstration project. The Yuhang delegation from Hangzhou showcased impressive technologies such as the Revo 2 bionic industrial dexterous hand, graphene composite fibers, a DNA microarray synthesizer using TFT semiconductor technology, and self-developed domestic chips. The Zhangjiagang delegation drew crowds with exhibits including a scaled model of the "Tianlong-3" large liquid launch vehicle, a heavy-duty six-rotor drone, and inspection robots. From Futian District in Shenzhen, the tech delegation presented innovations like the NAO robot, Linglong robot, IoT operating systems, AI glasses, superconducting quantum chips, quantum arbitrary waveform generators, and electron beam lithography machines—demonstrating the vast possibilities of technological advancement. These regional achievements in tech innovation and industry integration, amplified through the national platform that is CHTF, are fostering a collaborative, complementary innovation ecosystem. This synergy is injecting powerful momentum into China's path toward modernization and high-quality development. Moreover, over 30 universities and research institutions—including Tsinghua University, Peking University, the Chinese University of Hong Kong, Fudan University, Hong Kong University of Science and Technology, the Chinese Academy of Sciences, Shenzhen Bay Laboratory, RIOS Lab, and Shenzhen Institute of Computing Sciences—brought their latest research to the fair. Notable innovations included the PicoRio 1.0 and 2.0 processor chips, a multidimensional single-molecule dynamic imaging platform, China's first high-throughput intelligent peptide synthesizer, a respiratory intervention robot for early lung cancer detection and treatment, virtual hand selection technology in VR environments, electrostatic artificial muscles, organoids/organs-on-chips, and biomimetic microsystems. These future-oriented breakthroughs created vibrant focal points throughout the venue, becoming signature highlights that drew sustained attention and enthusiasm from attendees. 3. Global Intelligence, China's Showcase: CHTF Continues to Elevate China's Hi-Tech "Golden Name Card" This year's CHTF attracted participation from international organizations, leading enterprises, and industry leaders representing over 120 countries and regions—including Germany, the United States, the United Kingdom, France, the Netherlands, Canada, Spain, Portugal, Russia, South Korea, Brazil, Thailand, Pakistan, and Singapore. Dedicated exhibition areas for International Sister Cities and Belt and Road International Cooperation were set up to highlight outstanding achievements in leveraging technological innovation to support high-quality development under the Belt and Road Initiative. On the first day alone, the CHTF hosted a special session focused on the new energy and energy storage industries in Shandong Province, attracting over 30 international buyers from key global markets such as the UK, Russia, Bulgaria, Canada, Mexico, Australia, the UAE, Jordan, and South Korea. Senior decision-makers—including general managers, CEOs, CTOs, and procurement heads—engaged in direct, in-depth discussions on-site, laying the groundwork for future substantial orders and long-term partnerships. 4. CHTF Establishes a National-Level Platform for Impact: 1,023 Deals Signed, RMB 170 Billion in Transactions—The Year's Premier Innovation Event During its three-day run, the 27th China Hi-Tech Fair hosted over 200 major events, including industry summits, professional forums, product launches, project roadshows, technical seminars, and prestigious awards ceremonies. Highlights included the China Hi-Tech Forum, the AI Industry Innovation Forum Series, the Low-Altitude Economy Industry Summit, the Semiconductor Industry Ecosystem Forum, and the Industry-Education Integration Forum. Dozens of renowned academicians—such as Liu Daxiang, Harry Shum, Xiang Jinwu, and Meng Jianmin—joined government officials, university scholars, and enterprise leaders to explore the latest global trends and emerging ideas across technology, economics, and finance. Beyond showcasing frontier technologies, this year's CHTF placed a strong emphasis on results and transaction facilitation. Through the "1-3-6" strategy—where international buyers accounted for 10%, in-province buyers 30%, and out-of-province buyers 60%—the fair positioned itself as a vital hub for high-tech global cooperation and commercialization. The Global Sourcing Matchmaking Conference and the Investment & Financing Matchmaking Event brought together 1,036 buyer delegations from countries and regions including the UK, Russia, Canada, and India. Over 3,000 domestic and international investment institutions participated onsite, including JPMorgan Chase, Goldman Sachs, Sequoia Capital, Bain Capital, and IDG Capital. The event floor was abuzz with negotiations, business card exchanges, and intent-based partnerships. With 1,023 deals signed and over RMB 170 billion in intended transactions and investment, CHTF once again confirmed Shenzhen's status as a global innovation hub—driving high-level exchanges in high-tech industries, accelerating the transformation of research into real-world applications, and empowering the rise of pioneering tech enterprises. 5. China's Premier Tech Expo Never Ends—See You Next Year This three-day technology extravaganza offered a comprehensive review of past innovation achievements and a deep exploration of future innovation strategies—right in the golden autumn of Shenzhen this November. While the 27th China Hi-Tech Fair concludes today, this world-class showcase of high-tech advancement is far from over. At the forefront of global innovation, CHTF will continue to lead with a pioneering spirit, driving forward scientific progress and shaping the future of society. The momentum continues, the brilliance endures. The 28th China Hi-Tech Fair will once again be held at the Shenzhen World Exhibition & Convention Center. We look forward to reuniting next year to write another chapter of innovation in Shenzhen—where tomorrow's breakthroughs will redefine the world as we know it. Hashtag: #ChinaHi-TechFair The issuer is solely responsible for the content of this announcement.
HONG KONG, Dec. 9, 2025 /PRNewswire/ -- Ascentium has partnered with Standard Chartered to make cross-border expansion simpler and faster for businesses across Asia-Pacific (APAC). Formalised through a Memorandum of Understanding, the collaboration is designed to empower clients to seize opportunities in the region with practical, clear solutions. Launching in Hong Kong with a fast-track banking service for Ascentium clients, the partnership helps businesses open accounts quickly and begin operations without unnecessary delays. While Hong Kong is the starting point, both organisations plan to extend this model to other APAC markets in the near future. The partnership also creates a connected network across APAC, giving clients direct access to Standard Chartered's referral network in Singapore, Mainland China, Hong Kong, Malaysia, Vietnam, and India. By combining banking efficiency with Ascentium's corporate services expertise, the collaboration positions Ascentium as a one-stop growth platform for businesses looking to scale across borders with confidence. Beyond delivering a smarter way to bank, Ascentium and Standard Chartered are opening avenues for businesses to connect, grow, and thrive through joint marketing initiatives and co-hosted events in markets including Vietnam and Mainland China which are already underway. Ascentium will also join Standard Chartered's Global Chinese Services network, establishing a connection to Chinese corporates and reinforcing both organisations' commitment to supporting businesses with global ambitions. Wendy Wang, Founding Management and Group President of Ascentium, said: "This partnership reflects a shared mission to make expansion simpler, faster, and more human. By bringing together leaders in banking and corporate services, we've created a powerhouse that gives businesses clarity and confidence from day one. We're excited to embark on this journey with Standard Chartered, and to work together in delivering this model to more markets across Asia." Xie Wen, Global Head, SME Banking at Standard Chartered, added: "As a leading international wealth manager, our goal is to make banking simple and accessible for businesses with global ambitions. Our partnership with Ascentium allows us to offer our clients a smoother, end-to-end experience, from account opening to cross-border expansion, helping businesses scale with confidence." (From left to right) Tony So, Head, SME Banking, Hong Kong & Greater Bay Area, and Xie Wen, Global Head, SME Banking, both from Standard Chartered, Wendy Wang, Founding Management & Group President, and Gary Tok, Group Chief Commercial Officer, both from Ascentium. - END – About Ascentium Ascentium is a leading global business services platform dedicated to helping businesses and individuals scale greater heights. Headquartered in Singapore, we drive extraordinary growth through expert people, purpose-led technology, and an unwavering commitment to service excellence. With over 2,500 professionals across 45 cities in 23 markets globally, we deliver integrated solutions in corporate services, finance and accounting, fund administration, human resources, and fiduciary and trust services. Serving more than 60,000 client entities across diverse industries, Ascentium combines specialised expertise with innovative, technology-enabled solutions to help clients navigate complexity and unlock new opportunities for sustainable growth. For more information, visit: ascentium.com About Standard Chartered We are a leading international banking group, with a presence in 54 of the world's most dynamic markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good. Standard Chartered PLC is listed on the London and Hong Kong stock exchanges. For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on X, LinkedIn, Instagram and Facebook.
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