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Industrial Designers Society of Hong Kong Recruit Local Talents for “ReMix · Yesterday’s Future, Invent Tomorrow!”

by bizhub.vn

Relaunch Historical Hong Kong Brands to Achieve New Heights

HONG KONG SAR - Media OutReach - 9 February 2021 – Industrial Designers Society of Hong Kong (IDSHK) has always strived to promote the professional standards of industrial designs and to elevate the professional status of industrial designers in Hong Kong.

For the first time, IDSHK will organize the “ReMix · Yesterday’s Future, Invent Tomorrow!” (Remix) program. The program will bring local industrial designers and historical Hong Kong brands together, with the alliance of igniting creativity sparks and infusing new perspectives into established brands. The brands that will collaborate for the program are: Made by Carmel, Chicks, Red Apple, Yuet Tung China Works X Tung Hing Glass & Metal Ware and AXIS watch.

“Remix” is now inviting talented designers, design teams or companies to participate in this year’s program: relaunch historical Hong Kong brands to achieve new heights.

The “ReMix” program aims to align design teams with the collaborating brands. All new products will be design-led throughout the product development process, creating a series of products with unique style and characters.

Mr. Leung Chun-Fai, President of the Hong Kong Industrial Designers Association said: “Most people have limited understanding of industrial design in Hong Kong because industrial designers have always been the unsung heroes behind international brands. Through this program, we spark to showcase the charm of Hong Kong designs, let people enjoy the results of excellent designs and appreciate Hong Kong brands from new perspectives, and thus achieving a triple win situation!”

To participate in the program, applicants have to first submit their CVs and past portfolios. Then the applicants put forward the brands they are interested in, together with the reasons for their choices and views on future busines opportunities on the program website. The short-listed applicants will then be invited to present their design ideas to representatives of the brands and the assessment panel in an interview via video conference. Finally, the selected applicants will collaborate and design new products with leading local brands, and be awarded royalty fees and design credits for their new products. Apart from media interviews for the selected designers, the new products will be promoted in roving exhibitions and major online and offline sales channels.

Application starts on 18 January 2021. Deadline for the first part of the application is 28 February 2021. For more details, please visit the IDSHK website at http://www.idshk.org/yesterdays-future-invent-tomorrow/. For further questions, please send email to [email protected] or call 3586 8831 directly.

 

Important Dates:

Application starts

Email: from 18 January 2021

Online: from 18 February 2021

Deadline for 1st part of the application

28 Feb 2021

Deadline for 2nd part of the application

10 March 2021

Interviews

29 March 2021

Announcement

Early April 2021

New Product Development and Production

Early April to December 2021

 

Application Eligibility:

  • Team of 1-3 designers (at least half of the team members must be a HKID card holder) OR a Hong Kong registered company.
  • One of the team members must be

-  a member of IDSHK

-  OR an industrial designer with qualification* and at least 3 years of working experience

-  OR an industrial designer without relevant qualification but have more than 5 years of working experience in product design.

*Qualification means a recognized diploma/ associate degree/ university degree holder or above in product/ industrial design or related disciplines.

 

Advisory /& Assessment Panel:

Mr. LEUNG Chun-Fai

President, Industrial Designers Society of Hong Kong (IDSHK)

Dr. Charles CHAN

Founder and Director, Tunbow Group

Mr. Tommy LI

Creative Director, Tommy Li Design Workshop Ltd.

Mr. MUI Yiu-Cheung (Kelvin)

Founding Director, Axiom Design Partnership Ltd.

Ms. Agatha TSANG

Founder, Bon Bone Design

Mr. Elmond CHEUNG

Vice President, city’super brand, City Super Group

About Industrial Designers Society of Hong Kong

Industrial Designers Society of Hong Kong (IDSHK) is a non-profit organization founded in 2002. IDSHK aims to promote state-of-the-art and professional practice of Hong Kong’s industrial design, and to leverage its status. In 2004, IDSHK has established and implemented the “Professional Practice & Contract Template for Hong Kong Industrial Designers”. It is expected to foster the public interests to the value of industrial design (ID).

IDSHK promotes knowledge exchange regularly through ID seminars, knowledge-sharing forums, mentor workshops and visits to the international ID Expo & Forum in China. IDSHK has successfully established collaborations and strategic alliance partnership with industrial bodies and education institutes.

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The Hong Kong Productivity Council and CUHK Join Forces to Nurture Next Generation InnoTalent with On-the-Job Research Opportunities to Strengthen Local Talent Pool

by bizhub.vn

HONG KONG SAR - Media OutReach - 8 February 2021 - The Hong Kong Productivity Council (HKPC) and the Faculty of Engineering of the Chinese University of Hong Kong (CUHK) today signed a Memorandum of Understanding pledging to jointly nurture a new generation of innovation and technology (I&T) talent and incubate more InnoTalent in Hong Kong. Through the provision of various student internships and research programmes, the collaboration aims to strengthen the local I&T talent pool, inject new impetus into the research and development (R&D) and business sectors and enhance the competitiveness of Hong Kong.

Mr Mohamed Butt, Executive Director of HKPC (left) and Professor Martin D. F. Wong, Dean of the Faculty of Engineering of CUHK (right) signed a Memorandum of Understanding pledging to jointly nurture a new generation of innovation and technology talent.

Mr Mohamed Butt, Executive Director of HKPC, said, “Talent is the key success factor for business when I&T has been sweeping across the entire world and re-industrialisation is currently in active mode. The demand for I&T power and talent by different industries has rapidly risen, especially when the global economy is entering the new normal era.”

Mr Butt continued, “With over 50 years of experience in consultancy services for I&T and applied research and future skills training, HKPC takes up the public mission of nurturing talent. Our new collaboration with the Faculty of Engineering of CUHK showcases HKPC’s commitment to the nurturing of R&D and innovation talent. Addressing the different needs of undergraduate students, research postgraduates and PhD students, HKPC will roll out internships and research programmes in line with the requirement of the academic departments to enable students to acquire hands-on R&D experience as early as possible. We hope this initiative can strengthen the local talent pool and benefit the robust development of local I&T.”

Professor Martin D. F. Wong, Dean of the Faculty of Engineering of CUHK said, “The Faculty of Engineering has always been committed to developing IT professionals and promoting technology applications. This collaboration brings together our strength in engineering research and education with HKPC’s rich experiences in supporting industries in Hong Kong. Together we will be able to offer diverse internship opportunities for CUHK engineering students so that they can gain valuable work experiences and get inspiration for more innovative solutions for the development of science and technology industries in Hong Kong.”

Areas for collaboration include the provision of rich and credit-bearing, on-the-job training opportunities by HKPC for students studying bachelor, master and doctoral courses at CUHK, and special teaching module, professional training and part-time master and doctoral courses for HKPC staff, provided by CUHK, in return. Giving practice and exchange opportunities to students interested in I&T learning will help converge technological talents and inject new impetus into Hong Kong’s economy, industries and academia, creating favourable conditions for promoting I&T and re-industrialisation.

About Hong Kong Productivity Council

The Hong Kong Productivity Council (HKPC) is a multi-disciplinary organisation established by statute in 1967, to promote productivity excellence through integrated advanced technologies and innovative service offerings to support Hong Kong enterprises. HKPC is the champion and expert in facilitating Hong Kong’s reindustrialisation empowered by i4.0 and e4.0 — focusing on R&D, IoT, big data analytics,  AI and Robotic technology development, digital manufacturing, etc., to help enterprises and industries upgrade their business performance, lower operating costs, increase productivity and enhance competitiveness.

The Council is a trusted partner with comprehensive innovative solutions for Hong Kong industries and enterprises, enabling them to achieve resources and productivity utilisation, effectiveness and cost reduction, and enhanced competitiveness in both local and international marketplace. It offers SMEs and startups immediate and timely assistance in coping with the ever-changing business environment, accompanying them on their innovation and transformation journey.

In addition, HKPC partners and collaborates with local industries and enterprises to develop applied technology solutions for value creation. It also benefits a variety of sectors through product innovation and technology transfer, with commercialisation of multiple market-driven patents and technologies, bringing enormous opportunities abound for licensing and technology transfer, both locally and internationally.

For more information, please visit HKPC’s website: www.hkpc.org.

About Faculty of Engineering, CUHK

Founded in 1963, CUHK is a forward looking comprehensive research university.  The Faculty of Engineering, established in 1991, offers undergraduate and postgraduate programmes through its six departments: Biomedical Engineering, Computer Science and Engineering, Electronic Engineering, Information Engineering, Mechanical and Automation Engineering, and Systems Engineering and Engineering Management.  The Faculty of Engineering has world-class teaching staff coming from prestigious universities possessing extensive teaching experience and outstanding research track records.  It is also equipped with state-of-the-art facilities to support teaching and research activities. The Faculty’s mission is to train future leaders in engineering, to pursue knowledge at the frontier of modern technology, and to apply advanced technology to meet societal and human needs. For more information about CUHK Faculty of Engineering, please refer to: www.erg.cuhk.edu.hk.

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Asia stocks, oil rally after Fed lowers rate hike forecasts

by e.vnexpress.net

In a statement following the Fed’s latest policy meeting, Yellen cited concerns about the impact on the US economy of recent turmoil in global markets, weakness in China and Europe, and the plunge in crude prices.

Her comments came after the central bank cut its outlook for US growth for this year and painted a picture of the economy that was less upbeat than many had expected.

Crucially it forecast a slower pace of interest rate rises than foreseen in December, when it announced its first hike in almost a decade.

Yellen said policymakers had opted for “a slightly more accommodative path” given “soft” US business investment and weak exports in recent months.

The prospect of rates staying at ultra-low levels for some time boosted US shares, gains that extended into Asian trade.

Hong Kong added 1.2 percent and Shanghai also put on 1.2 percent, while Sydney ended up one percent and Seoul was 0.7 percent higher. Singapore added one percent and Manila rallied almost two percent.

However, Tokyo succumbed to late selling to end 0.2 percent down.

In early European trade London added 0.6 percent, Frankfurt gained 0.7 percent and Paris put on 0.9 percent.

“The Fed’s stance is relatively friendly,” Mitsushige Akino, executive officer at Ichiyoshi Asset Management Co. in Tokyo, told Bloomberg News.

“The difference in the stance between the market and the authorities has shrunk, and we’ve managed to get through an important event without drama.”

– Dollar tumbles -The dollar tumbled to 111.84 yen on Thursday, down from 112.57 yen in New York.

The euro jumped to $1.1249 Thursday from $1.1226 in US trade and well up from the $1.1090 in Tokyo Wednesday.

The dollar plunged against emerging currencies, with the South Korean won up 1.7 percent, the Australian dollar 2.3 percent higher, Indonesia’s rupiah put on 1.4 percent and the Thai baht was 0.6 percent higher.

There were also sharp gains for the New Zealand dollar and Singapore dollar. The oil-dependent Malaysian ringgit rallied 1.3 percent.

On oil markets, US benchmark West Texas Intermediate surged almost six percent Wednesday and Brent more than four percent as the weaker dollar makes the commodity cheaper for clients using other currencies. In afternoon trade Thursday WTI added 2.2 percent and Brent 1.3 percent.

Adding to buying sentiment was news that key producers including Saudi Arabia and Russia will hold a meeting next month to discuss output levels, with hopes they will agree a freeze.

The jump in crude boosted energy firms, with Hong Kong-listed CNOOC up more than five percent and PetroChina 4.4 percent higher.

In Sydney, Rio Tinto gained 2.4 percent and BHP Billiton was also up 2.4 percent.

– Key figures around 0830 GMT -Tokyo – Nikkei 225: DOWN 0.2 percent at 16,936.38 (close)

Shanghai – composite: UP 1.2 percent at 2,904.83 (close)

Hong Kong – Hang Seng: UP 1.2 percent at 20,503.81 (close)

London – FTSE 100: UP 0.6 percent at 6,212.68

Euro/dollar: UP at $1.1249 from $1.1226 on Wednesday

Dollar/yen: DOWN at 111.84 yen from 112.57 yen

New York – Dow: UP: 0.4 percent at 17,325.76 (close) – AFP

Vietnam stock market watchdog eyes soon market recovery after free-fall

by hanoitimes.vn

The Hanoitimes – In long-term, the outlook of Vietnam’s stock market remains bright as the positive macro-economic environment would serve as a big boost for the market.

Vietnam’s benchmark VN-Index would soon recover following a free-fall of 73.23 points in yesterday’s trading session, or a decline of 6.67% from a day earlier, said a senior official from the State Securities Commission of Vietnam (SSC), the country’s stock market watchdog.

The outlook of Vietnam’s stock market remains bright in long-term. Photo: Cong Hung

The official, talking on condition of anonymity, made the assessment while referring to improved market fundamentals compared to the past.

“The slump yesterday was due to a combination of various factors, including pressure for correction after a long period of uptrend that took the Vn-Index close to its all-time high of 1,204,” stated the official.

Meanwhile, Vietnam’s stock market was also impacted by the declining trend of from world’s major stock exchanges, with the likes of Dow Jones, S&P 500 and Nasdaq Composite falling by 2.1%, 2.6% and 2.6%, respectively, while stock exchanges of Hong Kong, Shanghai also went down by over 2%.

In case of Vietnam, the emergence of new local transmissions in Quang Ninh and Hai Duong caused negative sentiment among investors, especially new ones, and triggered a wave of sell-off at any cost, he noted.

In the short-term, the SSC’s representative expected to the market to continue going through further correction phase, due to the complicated Covid-19 situation that would affect businesses and trade activities.

“However, for the long-term, the outlook of Vietnam’s stock market remains bright,” stated the official, adding positive macro-economic environment would be a major boost for the market.

“Vietnam had successfully controlled the last two Covid-19 outbreaks, and this time I see no difference given the high determination of the entire political system and the positive response of the public,” he stressed.

At the close this morning [January 29], strong capital inflows of nearly VND17 trillion (US$737 million) into the stock market helped the VN-Index increase by 31.64 points or 3.09% to 1,055.58. Foreign investors remained net buyers in the market with over VND1.1 trillion (US$47.73 million).

Vietnam’s biggest garment firm skyrockets on debut

by e.vnexpress.net

Viet Tien Garment Co., one of the leading garment firms in Vietnam, saw its shares rise to their ceiling price during its first trading session on the local market for unlisted public firms (UPCoM).

As of 11 a.m., millions VGG shares were going for VND56,000 per share, VND16,000, or 40 percent, higher than the reference price. By the end of the session, total trading volume of VGG shares reached 9,000 units, according to the Hanoi-based UPCoM.

vietnams-biggest-garment-firm-skyrockets-on-debut

The real-time performance of VGG shares at the end of the March 10 trading session.

With a VND1.12 trillion ($50.4 million) market value, Viet Tien, one of the biggest of its kind in Vietnam, also became the biggest garment firm on the UPCoM after floating 28 million shares.

In 2015, the firm raked in VND6.4 trillion in revenue, up 16.75 percent year on year, and grossed VND331 billion in post-tax profit, up 6.1 percent over the previous year.

The firm’s cash dividend payment was 30 percent last year.

The firm’s target dividend payment for this year has been capped at 20 percent, given its downward adjustment in revenue and profit, at VND6.3 trillion (-1.56 percent) and VND200 billion (-39.58 percent).

Regarding business prospects, the Hanoi Stock Exchange (HNX), where the UpCom is placed, said Viet Tien operates mainly in garments and textiles, the country’s main export products, of which exports increased at an annual rate of 21.6 percent from 2010-2014.

Following Vietnam’s signing of the Trans-Pacific Partnership (TPP) free trade agreement (FTA) with eleven Pacific Rim economies, and the Vietnam – EU FTA in 2015, the garment and textile industry is expected to have a lot of development opportunities, especially once import tariffs are eliminated completely to TPP members.

However, the TPP also brings challenges given the “yarn forward” rules of origin, a strict requirement for product traceability requiring TPP nations to use TPP member-produced yarn in textiles in order to receive duty-free access, according to the American Chamber of Commerce in Vietnam.

Viet Tien, despite selling goods to 30 countries worldwide with major partners such as the US, Canada, UK, France, Germany, Japan and South Korea, still relies on raw materials imported from China, a non-TPP country.

Regarding ownership structure, the state-run Vietnam Textile and Garment Group (Vinatex) is the biggest stakeholder with about 47.9 percent, followed by the Malaysia-based South Island Garment SDN.BHD (14.16 percent) and the Hong Kong-based Tung Shing Sewing Machine (9.94 percent).

Asian garment manufacturers are concerned about the Vietnam’s disproportionate benefits over regional rivals in the textiles sector as a result of major trade deals, including the new, U.S.-led Trans-Pacific Partnership and the free trade agreement with the European Union, the Nikkei Asian Review reported.

Vietnam, which is the world’s fourth biggest garment exporter, earned $27.5 billion from exports last year, a 12.7 percent year-on-year increase.

AXA launches “Wealth Ultra Savings Plan (2-year Pay)”

by bizhub.vn

  • Short premium payment term with low entry fee and high long-term growth
  • Market-exclusive no aggregate-limit Bonus Lock-in Option to best capture returns
  • Unlimited times for changing the insured enables wealth accumulation across generations
  • Up to 4% p.a. guaranteed preferential interest rate for premium prepayment

HONG KONG SAR - Media OutReach - 8 February 2021 - AXA Hong Kong and Macau today announced the launch of “Wealth Ultra Savings Plan (2-year Pay)”(“Wealth Ultra (2-year Pay)”), a participating life insurance plan with a short premium payment term of two years. Customers can enjoy sustainable wealth growth with an annual premium as low as USD10,000. If customers choose to pay the 2-year basic plan premium in one go, they can also enjoy a 4% p.a. guaranteed interest rate on the prepaid premium. Key features of Wealth Ultra (2-year Pay) include:

  • Market-exclusive feature – Bonus Lock-in Option to lock in gains without an aggregate limit for the lock-in rate
  • Market-exclusive feature – Flexi Continuation Option to support both life protection and legacy planning
  • An unlimited number of times for changing the insured to pass on wealth across generations

“Wealth Ultra (2-year Pay)”is a limited-time offer, available on a first-come-first-served basis.

Short premium payment term and low entry fee, projected total cash value doubles every 10 years

Wealth Ultra (2-year pay) offers a premium payment term of just 2 years and an annual premium as low as USD10,000, allowing customers to enjoy all benefits of the plan without the burden of a long-term financial commitment. Premiums are guaranteed to remain unchanged throughout the 2-year period.  If customers choose to pay the 2-year premium in full at the time of application, they can enjoy up to 4% p.a. guaranteed interest rate on the prepaid premium, generating attractive additional returns in the current low interest rate environment.

 

Apart from the guaranteed cash value, Wealth Ultra (2-year pay) also provides two types of non-guaranteed bonuses — the reversionary bonus and the terminal bonus. Starting from the 6th policy year, the total cash value[1] is projected to double every 10 years on average; and from the 82nd policy year, the total Internal Rate of Return (IRR) for each policy year is expected to exceed 7%[2].

Market-exclusive feature 1:  No aggregate limit for bonus lock-in rate to best capture market returns

Wealth Ultra (2-year pay) Bonus Lock-in Option allows customers to transfer the reversionary bonus and terminal bonus to the bonus lock-in account, without partially surrendering their policies. They can thus turn the non-guaranteed bonus into guaranteed and earn up to 4% p.a. interest[3] from it, avoiding potential changes to the returns posed by market fluctuations and accelerating their wealth accumulation.

 

Wealth Ultra (2-year pay) is particularly unique in the market as it offers no lifetime aggregate limit for the lock-in rate. Customers can pass on the policy to future generations without having to worry about exhausting the lock-in rate. The plan also provides flexibility for customers to withdraw part or all of the value from the bonus lock-in account anytime according to their needs.

Market-exclusive feature 2:  Flexi Continuation Option to support both life protection and legacy planning

Wealth Ultra (2-year pay) allows changing the insured for an unlimited number of times without affecting the policy value. The insured period can be updated to age 138 of the latest insured, enabling passing on wealth across generations.

 

The market-exclusive Flexi Continuation Option takes care of both the life protection and legacy planning needs of customers. They can designate a contingent insured in advance, so in the unfortunate event that the initial insured passed away, the designated contingent insured will become the new insured, and the pre-assigned portion of the policy value will be passed on accordingly for wealth accumulation; and the remaining portion will be payable to the designated beneficiaries in the form of compassionate benefit for immediate financial support.

Mr. Kevin Chor, Chief Life and Health Insurance Officer, AXA Hong Kong and Macau, said, “Last year we launched Wealth Ultra Savings Plan and received very positive feedback and a number of awards. COVID has affected the global market environment, disrupting the wealth management plans of many. We understand that customers are hoping to achieve long-term financial growth with short-term commitments, therefore we launch Wealth Ultra Savings Plan (2-year pay) this year, providing them with competitive returns without requiring a long-term payment. The plan comes with a Bonus Lock-in Option which enables customers to capture market returns and not be affected by market volatility. Together with the unlimited times for changing the insured and Flexi Continuation Option, customers can enjoy the benefits of protection and cross-generation wealth accumulation all at the same time.”

 

For more information on Wealth Ultra Savings Plan (2-year pay) , please visit: www.axa.com.hk

The above is for reference only. For details of the product, including terms and conditions, please refer to the product brochure.

[1] Total cash value is the sum of guaranteed cash value, non-guaranteed cash value of reversionary bonus and non-guaranteed cash value of terminal bonus.

[2] The total IRR is rounded to the nearest percentage. Please refer to the relevant product brochure for detailed assumptions and conditions.

[3] The interest rate is non-guaranteed and may be changed by AXA at its discretion from time to time without prior notice.

About AXA Hong Kong and Macau

AXA Hong Kong and Macau, a member of the AXA Group, prides itself on serving over 1.5 million customers[1] with our superior products and services. AXA is the top-tier life insurer in Hong Kong with the longest history[2] and is ranked No. 2 in insurance – life, health (stock) category worldwide[3]. In addition to being the No. 1 global Property & Casualty commercial lines insurer[4], we are the No. 1 most considered insurance brand in Hong Kong[5]. We are also one of the largest health protection providers in Hong Kong and Macau. 

[1] Including customers of AXA China Region Insurance Company Limited, AXA China Region Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability), and AXA General Insurance Hong Kong Limited[2] Top tier insurers are defined based on the annualised premiums of Individual Direct New Business (Classes A to F) of Statistics on Hong Kong Long Term Insurance Business published by the Insurance Authority[3] 2020 Fortune Global 500 [4] AXA Corporate Solutions, AXA Matrix Risk Consultants, AXA Insurance Company, and AXA Art with AXA XL’s insurance and reinsurance operations combined  [5] AXA Hong Kong Brand Preference Tracking Report 2019

THIS PRESS RELEASE IS AVAILABLE ON AXA’S WEBSITE:  AXA.COM.HK 

IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTSCertain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause AXA’s actual results to differ materially from those expressed or implied in the forward-looking statements. Please refer to Part 4 – “Risk factors and risk management” of AXA’s Universal Registration Document for the year ended December 31, 2019, for a description of certain important factors, risks and uncertainties that may affect AXA’s business, and/or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as part of applicable regulatory or legal obligations.   

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