CBBC Member Success & Updates. Files/Member... · 2020. 4. 3. · CBBC Member Success & Updates...

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CBBC Member Success & Updates Issue 2: March 2020 About CBBC Member Success & Updates As one of a number of new initiatives for 2020, CBBC will be distributing a monthly update focusing on the successes of you - our members and partners! CBBC Member Success & Updates will be an outlet for you to tell your story through a dedicated CBBC communication medium. It will be circulated to CBBC’s entire member and stakeholder database that has opted into receive CBBC news and through our social media channels. Do you have a success story to tell? You may have recently won an award, established a research collaboration, launched a new product/service/initiative/report, opened new offices/routes/properties, or signed an MOU. Share your news with CBBC members and stakeholders by sending the following details to [email protected] A short China relevant news update of no more than 500 words A link (if appropriate) to a press release on your website Your logo in high res. Ideally as both a JPEG / PNG One key visual in high res to accompany the story (if available), video footage is also welcome Relevant contact person *Please note that the text may be subject to minor changes by the CBBC marketing team in line with editorial requirements. If you have any further questions, please email [email protected], and we look forward to celebrating your success stories. Companies featured this month …

Transcript of CBBC Member Success & Updates. Files/Member... · 2020. 4. 3. · CBBC Member Success & Updates...

Page 1: CBBC Member Success & Updates. Files/Member... · 2020. 4. 3. · CBBC Member Success & Updates Issue 2: March 2020 About CBBC Member Success & Updates As one of a number of new initiatives

CBBC Member Success & Updates Issue 2: March 2020

About CBBC Member Success & Updates As one of a number of new initiatives for 2020, CBBC will be distributing a monthly update focusing on the successes of you - our members and partners! CBBC Member Success & Updates will be an outlet for you to tell your story through a dedicated CBBC communication medium. It will be circulated to CBBC’s entire member and stakeholder database that has opted into receive CBBC news and through our social media channels. Do you have a success story to tell? You may have recently won an award, established a research collaboration, launched a new product/service/initiative/report, opened new offices/routes/properties, or signed an MOU. Share your news with CBBC members and stakeholders by sending the following details to [email protected]

• A short China relevant news update of no more than 500 words • A link (if appropriate) to a press release on your website • Your logo in high res. Ideally as both a JPEG / PNG • One key visual in high res to accompany the story (if available), video footage is also welcome • Relevant contact person

*Please note that the text may be subject to minor changes by the CBBC marketing team in line with editorial requirements. If you have any further questions, please email [email protected], and we look forward to celebrating your success stories. Companies featured this month …

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CBBC Member Success & Updates Issue 2: March 2020

ARgENTUM Wins a Catalogue of Awards throughout 2019/2020 and Gains Recognition from VOGUE CHINA as One of The World's Leading Indie Brands.

About ARgENTUM Multi award-winning skincare brand, ARgENTUM, emits the timeless strength of silver, breaking gender and age boundaries to deliver unique & powerful skincare. After many years of research in the field of dermo-cosmetics, they have formulated a patented fusion of two vital ingredients ~ Silver Hydrosol & DNA HP. The result is a natural, super hydrating range of products that improves fine lines, wrinkles and the overall texture of your skin. ARgENTUM balances their ground-breaking science using symbolism and poetry through the messages of their 12 archetypes, delivering beauty through balance.

No. Media Time Category & Product

1 MARIE CLAIRE

Nov 2019

Best Cleansing Product of the Year – Le savon june

2 ELLE MEN Dec 2019

Best Ingredients – La potion infinie

3 MEN’S HEALTH

Dec 2019

Best Cleansing Product of the Year - Le savon june

4 L’OFFICIEL Feb 2020

Best All Encompassing Facial Cream of the Year - La potion infinie

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CBBC Member Success & Updates Issue 2: March 2020

BP sets ambition for net zero by 2050, fundamentally changing organisation to deliver BP has set a new ambition to become a net zero company by 2050 or sooner, and to help the world get to net zero. The ambition is supported by ten aims:: Five aims to get BP to net zero:

1. Net zero across BP’s operations on an absolute basis by 2050 or sooner. 2. Net zero on carbon in BP’s oil and gas production on an absolute basis by 2050 or sooner. 3. 50% cut in the carbon intensity of products BP sells by 2050 or sooner. 4. Install methane measurement at all BP’s major oil and gas processing sites by 2023 and

reduce methane intensity of operations by 50%. 5. Increase the proportion of investment into non-oil and gas businesses over time.

Five aims to help the world get to net zero:

1. More active advocacy for policies that support net zero, including carbon pricing. 2. Further incentivise BP’s workforce to deliver aims and mobilise them to advocate for net

zero. 3. Set new expectations for relationships with trade associations. 4. Aim to be recognised as a leader for transparency of reporting, including supporting the

recommendations of the TCFD. 5. Launch a new team to help countries, cities and large companies decarbonise.

To deliver the ambition, BP will fundamentally reorganise to become a more focused, more integrated company, comprising:

• Four business groups to deliver performance and value growth: Production & Operations; Customers & Products; Gas & Low Carbon Energy; and Innovation & Engineering.

• Three integrators to identify and maximise opportunities: Sustainability & Strategy; Regions, Cities & Solutions; and Trading & Shipping.

• Four core enablers to support business delivery: Finance; Legal; People & Culture; and Communications & Advocacy.

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CBBC Member Success & Updates Issue 2: March 2020

BP is committed to performing while transforming: No change to BP’s fundamental commitments:

• to safe and reliable operations

• to delivering BP’s investor proposition, including commitments on: - growing sustainable free cash flow and shareholder distributions over long term; - maintaining strong financial frame and cost and capital discipline, and - deleveraging the balance sheet; - delivering 2021 free cash flow targets.

BP will host a capital markets day in September to set out its strategy and near-term plans. Bernard Looney, BP CEO said: “The world’s carbon budget is finite and running out fast; we need a rapid transition to net zero. We all want energy that is reliable and affordable, but that is no longer enough. It must also be cleaner. To deliver that, trillions of dollars will need to be invested in replumbing and rewiring the world’s energy system. It will require nothing short of reimagining energy as we know it. This will certainly be a challenge, but also a tremendous opportunity. It is clear to me, and to our stakeholders, that for BP to play our part and serve our purpose, we have to change. And we want to change – this is the right thing for the world and for BP.” Helge Lund, BP’s chairman, commented: “Energy markets are changing, driven by climate change, technology and societal expectations, and the Board supports Bernard and his new leadership team´s ambition for BP. Aiming for net zero is not only the right thing for BP, it is the right thing for our shareholders and for society more broadly. As we embark on this ambitious agenda, we will maintain a strong focus on safe, reliable and efficient operations and on delivering the promises we have made to our investors.” To read full press release, please see: https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bernard-looney-announces-new-ambition-for-bp.html

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CBBC Member Success & Updates Issue 2: March 2020

BRE announces winners of the BREEAM Awards 2020 BRE recently announced the winners of its BREEAM Awards 2020. The awards recognise the projects and organisations that, in the view of the independent judging panel, provide the best balance between performance, replicability and innovation. The winners selected range from homes in vibrant mixed-use developments, to education sports buildings, to large scale commercial properties incorporating green roofs and living walls in the centre of cities. The BREEAM awards cover a variety of sectors including residential, retail, industrial, education and healthcare as well as project types such as new build, refurbishment and in-use. The 2020 BREEAM Award-winning buildings were: COFCO Landmark, China Regional Award – China Yarze 1674 Residences, Lebanon Regional Award – Rest of the World Jonas, Netherlands Regional Award – Western Europe Lidl Bucuresti, Romania Regional Award – Central & Eastern Europe For the full Awards list please see: https://www.breeam.com/news/bre-announces-winners-of-the-breeam-awards-2020/ Awards were also given to industry bodies, including Wilkinson Eyre (BREEAM Champions Awards – Architects) and Norman Disney Young (BREEAM Champions Awards – M&E Consultants). CBRE Dutch Office Fund and Altera Vastgoed were awarded the GRESB/BREEAM Award for Responsible Investment Large Portfolio and Small Portfolio respectively. The GRESB/BREEAM Individual Leadership Award was awarded to Aleksandra Njaguli of CBRE Global Investors. The Assessor Organisation of the Year was awarded to TURKECO Consulting and the assessors of the year are Daniël van der Flier (DuurzaamheidsCertificering.nl), Dr. Duygu Erten (TURKECO) and Neil Cogan (Max Fordham). The Your BREEAM Award gives the public the chance to choose their favourite project from all those shortlisted, over 8,000 votes were recorded and the winning project was Mega Silk Way. This year also sees the introduction of a new award category, the Director’s Award, of which Derek Welling, Senior Responsible Investment & Governance Specialist at APG Asset Management, was the recipient. This award recognises the scale of impact and advocacy that an individual has contributed to BREEAM.

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CBBC Member Success & Updates Issue 2: March 2020

Shamir Ghumra, Director of BREEAM, said: “This year BREEAM celebrates its 30th Birthday, and the numbers since its launch speak for themselves. With over 570,000 certificates issued and over 2,200,000 registered buildings across 85 countries, we have so much to celebrate from our work. To this year’s winners, we thank you all for your support and advocacy for BREEAM over the last three decades and congratulate you in your achievements.” “Looking ahead, we will continue to create a movement for sustainability within the built environment while working towards a positive future for all that use BREEAM and benefit from its impact. We will ensure that BREEAM can continue to be a driving force for change for the next 30 years and beyond.”

For more information, please contact: Gary Zhao Business Development Manager, Bre China E: [email protected]

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CBBC Member Success & Updates Issue 2: March 2020

Coventry University Has Launched Five Fully Funded Scholarships in Honour of Healthcare Workers Fighting COVID-19 in China Coventry University has launched 5 fully funded scholarships in honour of the courageous, committed and professional healthcare workers fighting the Coronavirus (COVID-19) in China. Many of these workers have risked their own health to support patients and communities as professional caregivers, nurses, doctors and emergency staff. The University is proud to pay tribute for their service and bravery with the brand new National Hero Award.

5 students will receive this award, which will fully fund tuition fees for the first year of an undergraduate or postgraduate course. Although scholarships from health professionals looking to study a healthcare course are welcomed, Coventry University recognise that many heroes may want to broaden their skills outside traditional healthcare. Many ‘unsung heroes’ may also not fit into the traditional healthcare roles. That’s why the award will be available for any course if the applicant’s personal statement shows that they’ve gone above and beyond the call of duty during the 2020 outbreak. Courses at both Coventry University and Coventry University London are available, including business, finance, law, arts and engineering. Dr David Pilsbury, Deputy-Vice Chancellor, said: “We have a very active Chinese student community and this particular suggestion came from the Chinese Students and Scholars Association. We thought it was a great idea and very quickly operationalised it. Our relationships with partners, students and their families in China are of great importance to us, and we continue to stand in solidarity with all those affected by the virus. By launching these awards, we want to demonstrate that our mission is about attracting talented young people who feel a real passion for making a difference to the world. The team is conscious of the global nature of the outbreak and is actively considering extending the program to some of the other countries that are affected.”

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More information is available at the link below. https://www.coventry.ac.uk/international-students-hub/new-students/international-scholarships-and-discounts/international-scholarships/apply-for-a-scholarship-/national-hero-award/ To learn more about this award, please contact: Emma Middleton Deputy Head of International Conversion (Digital) International Office, Coventry University E: [email protected]

Warhammer - British Fantasy Miniature Brand Awarded “2019 TMall Rising Star” Games Workshop is the largest and the most successful hobby miniatures company in the world. Our major brands are Warhammer Age of Sigmar and Warhammer 40,000. In addition, we hold a license for The Lord of the Rings/the Hobbit tabletop battle game. At its core the Hobby is all about our amazing miniatures and collecting, modelling, painting and playing games with armies of them are activities enjoyed by millions of adherents all across the world.

Who we are Games Workshop began its life in the UK but now has direct sales operations in the UK, the United States, Australia, China and Japan. With around 70% of sales coming from outside of the UK, we are truly international. Listed on the London Stock Exchange in 1994 (GAW-L) with a current capitalization in excess 2.3 Billion GBP, Games Workshop is a great addition to the FSTE 250 list of companies.

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CBBC Member Success & Updates Issue 2: March 2020

What we do The most important thing we do is design, make and sell fantastical miniature soldiers and associated models. To that end we also design, make and sell books and accessories of extraordinary variety to facilitate the many different hobby activities. Our vast range of plastic and resin kits, painting guides, rulebooks and novels are the foundation of an almost infinite hobby. Our design center is in Nottingham and we have manufacturing and distribution facilities in Nottingham and distribution centers in Memphis, Tennessee, Sydney, Australia, Tokyo, Japan and Shanghai, China. Games Workshop is a vertically integrated business, retaining control over every aspect of design, manufacture and distribution of our models and rulebooks. Products are sold through our own chain of over 400 retail stores in the UK, USA, Canada, Australia, New Zealand, Japan, China, Hong Kong SAR, Singapore Malaysia, France, Germany, Spain, Italy, the Netherlands, Eire, Belgium, Austria, Poland, Norway, Sweden, Denmark and Finland. We also sell products through more than 4,000 other hobby, game and toy shops around the world. These outlets are complemented by our mail order and online specialist sales businesses. There are 6 Warhammer branded stores currently open in China mainland. 5 in Shanghai, 1 in Shenzhen a new store is planned in the coming year for Beijing. There are 3 stores in Hong Kong SAR. The Warhammer Flagship store was launched on the TMall platform in February 2019 and performance has exceeded expectations. Warhammer Brand Store was awarded for its performance during the Singles Day Shopping Festival with the “2019 Rising Star” award.

“We are full of excitement for China market. To speak as a member of CBBC, Warhammer brand has been offered continuous and strong support! We thank CBBC team for their expertise in all aspects of China market research, personnel recruitment, retail and channels. In 2020, we hope to step up and bring more interesting products and experiences of the hobby: collect, build, paint, play, and read to Chinese customers!” – Jessy Xue, Warhammer Marketing and Sales Manager. For more information, please contact: Jessy Xue Warhammer Marketing and Sales Manager E: [email protected]

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CBBC Member Success & Updates Issue 2: March 2020

Grant Thornton in collaboration with China Daily Release 投英 Tou Ying Tracker 2019 Published: 27 February 2020 Chinese companies in the UK are thriving Now in its seventh year, the Grant Thornton Tou Ying Tracker research confirms the increasingly significant contribution Chinese companies are making to the UK economy.

Our 2019 Tou Ying Tracker covers almost 800 Chinese companies1 that together have combined revenues of £91 billion, up from £68 billion for the 750 companies identified in 2018. They report overall revenue growth of 17%, an increase of 12% on 2018. Between them, they employ over 71,000 people, up from 62,000 in the year before2. These 800 businesses represent only a fraction of the Chinese companies doing business in the UK. In total, we identified over 13,000 companies that are part of a China-owned corporate group or are majority held by a Chinese national, and 100 representative offices. 30 fastest-growing Chinese companies in the UK report strong growth This year, the 30 fastest-growing Chinese companies in the UK (TY30) continue to grow at an impressive rate, reporting an average increase in annual revenues of 62%. Between them, these 30 companies employ over 5,500 people. Manufacturing and industrial companies dominate the TY30, accounting for 86% of TY30 revenues. Meanwhile, the fastest-growing companies are in the TMT (technology, media and telecoms) sector, recording average growth of 81%. M&A China-UK deals down from 2017 peak During 2019, the Chinese government’s restrictions on outbound investment showed a clear impact on deal volumes. Excluding real estate, 44 deals took place in 2019, down 20% from the 2017 peak. The total value of this year’s deals was £3.6 billion, down 78% on the £16.6 billion recorded in 2017. Our report includes a full list of the deals driven by Chinese investment over the course of the year. This year, for the first time, we looked at how the growth rate varies according to how the original investment was made. Among the TY30, the highest average growth rate, 72%, was found among companies that were a direct UK investment. Those that were an indirect investment via a foreign

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CBBC Member Success & Updates Issue 2: March 2020

parent acquisition reported average growth of 64%, while average growth through organic expansion was 55%. The UK’s exit from the EU may reshape Chinese-UK trade and investment opportunities The UK’s withdrawal from the EU could signal the start of a new era in China-UK trade and investment. Simon Bevan, Head of our China-Britain Services Group, commented: “The UK government elected in December 2019 is likely to build trade and investment channels with countries like China as an antidote to the greater friction in UK-EU trade. How soon this might result in a UK-China trade deal remains to be seen." “While the outbreak of Convid-19 is currently impacting travel to and from mainland China, which may interrupt the ability of Chinese businesses to pursue and complete overseas deals and to visit their existing international operations, one thing is clear – the UK is committed to strengthening its relationship with China. But a wide range of international events and trends will continue to shape trade and investment patterns between the UK and China for some time to come.” The full report can be downloaded from the Grant Thornton website For more information, contact: Simon Bevan - Partner, Head of China Britain Services Group, Grant Thornton https://www.grantthornton.co.uk/en/people/simon-bevan/

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CBBC Member Success & Updates Issue 2: March 2020

Hawksford helps Czech Chamber set up in China A new chamber has officially launched to support business between the Czech Republic and China with support from a global professional corporate service provider. CzechCham (Shanghai) Business Consultancy Co., Ltd., 捷商汇(上海)商务服务有限公司 will support business between the Czech Republic and China, helping companies better navigate the market, find powerful and trustworthy networking partners, and identify new opportunities more easily. Hawksford provided assistance to CzechCham in obtaining a business license, establishing & initiating finance operations. In addition, the company will continue to ensure that CzechCham meets ongoing tax and compliance requirements in China by providing a complete suite of accounting and tax services. For more information, please see: https://www.hawksford.com/knowledge-hub/2020/hawksford-helps-czech-chamber-set-up-in-china Hawksford strengthens senior leadership team Hawksford has strengthened its senior team with the promotion of four key team members to the role of director. These senior promotions form part of a wave of 67 additional promotions across Hawksford’s 11 international offices. These promotions include Laura Nevitt as a Director of the Private Client Division, Cherith Fothergill as director and Global Head of Business Development & Marketing, Melody Tan as Finance Director and Bobby Stirling as Director and Global Head of Client Accounting. Hawksford’s Chief Executive, Michel van Leeuwen, said: “I’m delighted to see so many well-deserved promotions across our business, including four pivotal promotions to the role of director. This demonstrates the calibre of our team around the world, our year-on-year performance and growth, and our continued investment into those who genuinely make our business successful.” For more information, please see: https://www.hawksford.com/knowledge-hub/2020/promotions-article To learn more about Hawksford, please contact: Fabio Stella, Associate Director of Sales & BD at Hawksford in China, [email protected]

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CBBC Member Success & Updates Issue 2: March 2020

PwC and City of London Corporation Released A Jointly Authored Report – Titled London as A Centre for Management of Financial Risks In late January 2020, PwC and City of London Corporation released our jointly authored report - which compares the UK with fellow international financial centres - titled London as a Centre for Management of Financial Risks. This report is a valuable tool to showcase why London continues to outstrip fellow international financial centres in areas including risk management, hedging and insurance, foreign exchange and regulatory compliance. Specifically, it aims to encourage international multinational companies to choose the UK as a place to locate their corporate treasury operations, leveraging the City’s deep capital market, wide range of financial instruments and global reach. For example:

• The UK’s share of global turnover from FX trading is 43.1% compared to Singapore’s 7.6%; • London is the only place where every top 20 insurance and re-insurance firm is active; • 27% of the world’s 320 legal jurisdictions are governed by systems based on English common

law; • London’s share of global turnover from interest rate derivatives trading is 50.2%, compared

to the US at 32.2%. Alongside City of London Corporation, PwC have already successfully used this report with a number of key clients during a November 2019 trip to Beijing and to China’s Greater Bay Area. It is also expected to be used to promote the UK financial and professional services sector during visits overseas by the Lord Mayor of the City of London and Policy Chair this year, in countries including India and China. On release of the report, tax partner at PwC Graham Robinson said: "The report underlines how the UK continues to be the pre-eminent market for financial services as well as a prime location for international businesses to access corporate finance and treasury markets and expertise. “Despite the uncertainty of recent years, the UK has provided an environment in which multinationals are able to thrive. Optimising this competitiveness will clearly be of paramount importance in the years to come.” For more details please see: https://news.cityoflondon.gov.uk/city-corporation-shows-uk-remains-on-top-of-risk-management/ For more information, please contact: Graham Robinson ([email protected])

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CBBC Member Success & Updates Issue 2: March 2020

Standard Chartered commits USD75bn towards Sustainable Development Goals Bank also commits to net zero carbon emissions from its operations by 2030 On 21st February Standard Chartered announced new business targets for supporting its clients as they transition to a low carbon economy as part of its Sustainability Aspirations. By the end of 2024, the Bank commits to: • Providing USD40 billion of project financing services for infrastructure that promotes sustainable development • Providing USD35 billion of project financing services, M&A advisory and debt structuring services for renewables and clean tech projects (solar and wind) Underpinning the aspirations, Standard Chartered also intends to reduce its emissions across its global properties by 2030. With an office footprint spanning 60 markets, including many large emerging markets, the Bank will achieve net zero emissions by only sourcing energy from renewable sources and continuing to pursue energy efficiency measures across its 12 million square feet of property. Tracey McDermott, Group Head, Corporate Affairs, Brand & Marketing, commented: “Over the past 18 months, we have made a series of commitments which are all geared towards supporting the Paris Agreement on climate change and the transition to a cleaner, greener, fairer economy. We know that the investment required cannot be provided by governments and NGOs alone, so it is critical that investors embrace the Sustainable Development Goals at pace and scale.” “Our unique footprint means we are well placed to help get finance to where it matters most. That is why, as well as ceasing support for clients who generate more than 10% of earnings from thermal coal by 2030, we also have a renewed target for financing and facilitating USD35 billion of clean technology and renewables, and USD40 billion of sustainable infrastructure.” Standard Chartered has a broad range of sustainable finance product offerings that can be deployed to help clients pivot their business towards a more sustainable model. In October 2018, it created the Sustainable Finance team and has since launched sustainable deposit products in London, Singapore, Hong Kong and New York; plus, a EUR500 million Sustainability Bond, the proceeds of which will be used to provide finance in areas aligned with the Sustainable Development Goals – including clean energy projects, smaller business lending and microfinance loans. For further information please contact: Bart Nash Head of Communications Standard Chartered Bank Tel: +44 207 885 7598 Email: [email protected]

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CBBC Member Success & Updates Issue 2: March 2020

TMF Group acquires Ecovis R&G Consulting Ltd strengthening cross border investments proposition TMF Group, a leading provider of international business administration services, has acquired Ecovis R&G Consulting Ltd. (‘Ecovis Beijing’) in a deal that adds significant strength to its cross-border investments proposition – particularly for those flowing between China and Germany. The acquisition, which is now completed, is part of a strategic push by TMF Group to continue to grow its footprint in China and will see Ecovis Beijing’s 40-plus team of professionals join forces with its existing teams in its offices in Beijing and Tianjin. Ecovis Beijing, has built an enviable track record in providing tax and compliance services for small and medium sized companies (SMEs) with operations in both China and Germany since it was founded in 2012. Thun Lee, Head of TMF Group in China, said: “TMF Group has been expanding its services portfolio in China for several years now, and this forms another exciting chapter in that story. “Our focus on growth is driven by the fact that we remain bullish about the Chinese economy and the potential it offers for foreign investors,” he added. “The Ecovis team has great experience in supporting the ‘Mittelstand’ pool of SME businesses known for being the key drivers behind the German economy – which makes this acquisition a pertinent part of our growth strategy. “Germany is one of the largest investors in China and having our new colleagues onboard helps strengthen our position as a key player in supporting the growing number of cross-border investment opportunities that pass through that China-German economic corridor.” Richard Hoffmann, Partner and Co-Founder at Ecovis Beijing, said: “There was a natural affinity already in place, which makes this deal such a good fit for us”. Grace Shi, the other Partner and Co-Founder of Ecovis Beijing stated additionally: “TMF Group is unrivalled when it comes to geographic scope and range of administration services needed to successfully set up and operate around the world. We look forward to playing our part in building that proposition, working with our new colleagues and continuing to support German, European and other international businesses with their investments in China, and vice versa.” For further information, please contact: Mavis Fan Communications (APAC) / TMF Group [email protected]

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CBBC Member Success & Updates Issue 2: March 2020

Tricor Group Releases COVID-19 Business Sentiment & Resilience Barometer Report Highlighting the Acute Financial & Operational Challenges Facing Companies in APAC Businesses in Asia Pacific are struggling to maintain operations amidst the Coronavirus (COVID-19) outbreak. Nearly 50% report that they will be forced to restructure business operations to stay afloat if the situation worsens, according to the Tricor Group COVID-19 Business Sentiment and Resilience Barometer Report released today. The Business Barometer Report evaluates how the outbreak is impacting Asia Pacific business sentiment, business continuity planning, operational decision-making, business restructuring and expansion strategies. This report contains key primary research findings from an in-depth survey conducted of business leaders and finance executives at 1,050 organizations in APAC, sampling a cross-section of start-ups, SMEs, MNCs and listed companies in the private sector across 12 major industries. Key findings from the report include: • 1 out of 2 executives agree that their business has been impacted by the current public health

situation and are concerned about the future of their business. • 43% of executives report that if the situation gets worse, they will need to consider restructuring

operations. • Less than 1 in 3 executives are confident they have well-equipped crisis management teams

capable of handling the situation. • 43% of the executives agree that COVID-19 has heightened their awareness of business

continuity risks and has increased their need for third-party, consulting and outsourcing support. • 46% of the executives are actively looking for ways to streamline business functions through cost

reductions and operational efficiency. • Nearly half of the executives cite cost reduction as a key strategic focus to help navigate business

uncertainty resulting from the acute reliance on Mainland China. The report also offers key insights, industry analysis, recommendations and best practices that organizations can leverage to scale up readiness and response in the face of business uncertainty in 2020 and beyond. To achieve business resiliency, top priorities for businesses include: 1) De-risking and diversifying supply chains, 2) Rebalancing market interdependencies, 3) Restructuring business operations to reduce costs and 4) Mitigating operational risk exposures through outsourcing and offshoring. Lennard Yong, Tricor Group, CEO said: “As business leaders, we cannot always control the situation, but we can control how we react to it, particularly when it comes to dealing with disruptions to operations. Since January, Tricor has received an increasing number of inquiries from organizations looking to circumvent the challenges posed by COVID-19 and cut the cost of daily operations, especially in mainland China and Hong Kong SAR. Our teams, led by Tricor Mainland China CEO

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CBBC Member Success & Updates Issue 2: March 2020

Hailiang Zhang and Tricor Hong Kong CEO Joe Wan, are dedicated to helping clients face the evolving business environment with confidence – and thrive in the face of uncertainty.” Gary Tok, Tricor Group, CCO said: “Amidst the COVID-19 outbreak, organizations in Asia Pacific are focusing on becoming more resilient by restructuring, diversifying and automating operations. Tricor ace, our shared services centre, streamlines back-end operations for our clients, including payroll, invoice management and HR administration. This allows our clients to quickly set up, expand and seamlessly scale new markets at unprecedented rates Furthermore, Tricor recently signed a sale and purchase agreement to acquire the Malaysia operations of Axcelasia Inc. (a SGX listed company), which strategically equips us with a full suite governance, risk & compliance (GRC) solutions to help clients future-proof their operations.” Sunshine Farzan, Tricor Group, Group Head of Marketing & Communications said: "Businesses face a challenging start to the new decade and are now anticipating a few more difficult months ahead. Tricor’s COVID-19 Barometer Research conducted in mid-February 2020 shows that sentiments of concern COVID-19 are most acute in the technology, hospitality and travel, professional services, consumer goods and manufacturing sector – and amongst small and mid-sized organizations. By highlighting these challenges and prescribing possible solutions, this report can help executives own business continuity strategies and achieve resilience.” To access this report, please visit: https://www.tricorglobal.com/news-and-events/tricor-group-releases-covid-19-business-sentiment-resilience-barometer-report For more information, please contact: Sunshine Farzan, Group Head of Marketing & Communications, Tricor Services Limited Tel: +852 2980 1261 Email: [email protected]

Page 18: CBBC Member Success & Updates. Files/Member... · 2020. 4. 3. · CBBC Member Success & Updates Issue 2: March 2020 About CBBC Member Success & Updates As one of a number of new initiatives

CBBC Member Success & Updates Issue 2: March 2020

University of Strathclyde launches Strathclyde-Hubei Scholarship At Strathclyde, we hugely value and appreciate the friendships that we’ve built in China over the decades, many of which are based in Hubei. We therefore believe that it’s important to reach out and offer our support to prospective students and their families based in Hubei Province during this difficult time.

Number of scholarships Varies

Value £5,000

Opens 25 February 2020

Deadline 31 July 2020

Help with Living costs, Equipment and study costs

For more detailed information, please see: https://www.strath.ac.uk/studywithus/scholarships/strathclyde-hubeischolarship/ Or contact: Lexy Docwra Regional Manager: East & South East Asia | University of Strathclyde E: [email protected] Liz Yang International Project Manager | University of Strathclyde E: [email protected]