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ErisX Expands Clearinghouse Capabilities to Support Clearing of All Commodities

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ErisX is pleased to announce that as of November 2, 2020 we have received approval for an amendment to Eris Clearings Derivative Clearing Organization (DCO) license from the Commodity Futures Trading Commission (CFTC) that expands our clearinghouse capabilities to clear all futures and swaps. Previously, our DCO license only permitted clearing futures on cryptocurrencies.

Our clearinghouse platform, composed of our TCS„¢ technology and DCO license, now possesses several important distinctions and capabilities not featured with all DCOs, said Thomas Chippas, CEO of ErisX. We can clear fully-collateralized futures and swaps related to cryptocurrencies as well as contracts on all other commodities. We look forward to further welcoming FCMs, Institutions, Market Makers, Professional Trading Firms and Individuals to benefit from the expanding services of our clearinghouse.

Eris Exchange is currently the sole DCM for which Eris Clearing provides clearing services. However, ErisXs integrated exchange and clearing technology platform, licenses and operations enable us to offer services to 3rd parties that have innovative commercial ideas that require regulated market infrastructure. By working with ErisX businesses can reduce their time to market and up front costs, and trust that they are working with a professional team and world-class infrastructure.

We are pleased to be able to offer clearing services to other DCMs and, alternatively, to list third party contracts on Eris Exchange with the ability to clear those contracts at Eris Clearing, said Laurian Cristea, General Counsel at ErisX. Our trading platform is a high throughput, deterministic, low latency matching engine hosted in a world class data center. Similarly, our clearing system is a reliable, web-based clearing engine designed to meet institutional requirements and with real-time segregation balances no other DCO can boast.

ErisX is the only U.S. based exchange to offer spot and regulated futures on cryptocurrencies on one platform. We provide access to crypto price transparency and liquidity without sacrificing security, performance or accountability. The ErisX team is composed of forward-thinking industry professionals with deep industry knowledge and experience. If you are interested in learning more, please contact [email protected].

https://www.erisx.com/disclaimer/

Licenses and Registrations

ErisX Futures are offered through Eris Exchange, LLC, a Commodity Futures Trading Commission (CFTC) registered Designated Contract Market (DCM) and Eris Clearing, LLC, a registered Derivatives Clearing Organization (DCO). The CFTC does not have regulatory oversight authority over virtual currency products including spot market trading of virtual currencies. ErisX Spot Market is not licensed, approved or registered with the CFTC and transactions on the ErisX Spot Market are not subject to CFTC rules, regulations or regulatory oversight. ErisX Spot Market may be subject to certain state licensing requirements and operates in NY pursuant to Eris Clearings license to engage in virtual currency business activity by the New York State Department of Financial Services.

ErisX

Jessica Darmoni

[email protected]

+1 312 358 3963

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Enjoy Half Price Hot Americanos from 7Café every Monday!

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Start your week off with 50% off your caffeine boost. Plus, save money and the planet with our expanded Bring Your Own Tumbler programme.

 

SINGAPORE – Media OutReach – 8 January 2021 – We always start each new year with the best of intentions but getting back into the swing of things after a long holiday break is not easy. But never fear, 7Café is here to kickstart your week (and year!) with an amazing discount offer each and every Monday until the end of February. We’re also excited to share some news about our newly expanded Bring Your Own Tumbler programme. So, here are a couple of new year’s resolutions we all can keep successfully — let’s save more and produce less waste in 2021!

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Half Price Mondays at 7Café — enjoy 50% off hot Americanos!

There’s nothing better to fuel your week than a strong Monday coffee. To make sure you start your week off right, 7Café is offering 50% off a hot Americano every Monday for the month of January and February so you can enjoy a cup at the amazing price of 75¢ (Usual Price $1.50)!

 

All coffee on the 7Café menu is made using our special blend of 100% Arabica beans. The 7Café Americano is sure to give you a boost if your energy levels start to lag. The discount is available all day so you can save big on time and money, whether you need a caffeine hit before heading into work or are craving an afternoon pick-me-up!

 

Promotion dates are 4,11,18,25 January and 1,8,15,22 February respectively. Terms and conditions apply. Promotion cannot be used in conjunction with other existing promotions or offers.

 

The Bring Your Own Tumbler programme is now even bigger and better!

7-Eleven is committed to a brighter future for its customers and the planet. In order to further reduce waste and continue our sustainability efforts, we have expanded the Bring Your Own Tumbler programme to include all reusable cups, not just the 7Café tumbler. Each time you bring your own cup or tumbler, you can enjoy 10¢ off your beverage at 7Café! So, let’s cut down on waste and help safeguard our environment together.

About 7Café

7Café is one of 7-Eleven’s own brands. Available anytime, anywhere at over 200 stores island-wide, 7Café is made using premium ingredients including our unique blend of 100% Arabica beans, quality fresh milk and cocoa powder. With 7Café, customers can enjoy quick, convenient, good quality and affordable freshly brewed coffee on the go.

 

The full store list where 7Café is available can be downloaded here:
https://www.7-eleven.com.sg/Offer


About 7-Eleven

Established in Singapore in 1983, 7-Eleven has since expanded to more than 400 stores island-wide to become the leading 24-hour convenience chain store. We take pride in serving the Singapore community 24 hours a day, 365 days a year. 7-Eleven emphasises convenience and value by offering a wide array of quality products, food and services to satisfy the needs of its customers. Think 7-Eleven and what comes to mind are the refreshing Slurpee, 7Café as well as a wide range of quality Ready Meals and sandwiches under 7-Select. 7-Eleven is also a 24/7 one-stop destination for customers who need to access bill payment services in their own time. Our services cover payment of utilities, courier services, and even cash withdrawal.

For more information, visit www.7-eleven.com.sg.

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Elite Personal Training Studio HK adapted to COVID-19 to enable everyone to work out in the comfort of their own home

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HONG KONG SAR – Media OutReach – 8 January 2021 – From young, the fact that exercise benefits us physically, emotionally, and mentally has been constantly reinforced. Even though we might not necessarily live-in accordance to this truth, this belief is inherently embedded in us. However, due to the rocketing prices of personal training, tailored fitness regimes, hectic work schedules, most of us struggle to find time for exercise.

COVID-19 brought about many unprecedented challenges and norms, among which was the rise of home workouts. On-site gyms have been shut for months, making physical exercise in fitness centres with others impossible. Thus, more of us tuned in to fitness YouTubers and home workout videos to cope with the current situation.

Founded in 2010, Elite Personal Training (“EPT”) is a Holistic Personal Training Studio that caters for the whole family. Unlike traditional fitness companies that may leave one more fatigued after a session, EPT aims to alleviate one’s aches and pains, leave them feeling energized after a workout. In the light of the recent COVID-19 situation, EPT is at the forefront of the market for tailored online training.

“We must all pivot, but it is difficult for small and big fitness business to accept that this the new way to train is online. Yet, we remain committed to catering to your needs even during a pandemic. At EPT, we pride ourselves on being innovative and adaptable to keep up with the changing landscape.”

Elite Personal Training’s Managing Director, Nathan Solia, has been a CHEK (Corrective Holistic Exercise Kinesiology) Practitioner since 1999. As a firm believer in a balanced life through nutrition, lifestyle, and movement, he practices what he preaches. He is an active person himself and is a keen sport player who runs, hikes, lifts weights, plays touch rugby, tennis and meditates daily.

With the onslaught of the COVID-19 virus, on-site gyms have been asked to shut for over 19 weeks, resulting in EPT having adopted 1-to-1 home visits and outdoor training in order to adhere to governmental regulations. However, the mandatory wearing of masks not only makes it extremely difficult for communication between instructor and client, but also increases physical exhaustion due to laborious breathing.

Given that COVID-19 has significantly impacted the business industry, EPT, like other fitness studios, have turned to online platforms to cope with the changing norms. Following the closure of on-site gyms, there has been an increase in demand for online classes. EPT hopes to cater to a variety of age groups and individual preferences through offering training sessions on different platforms including LIVE 1-on-1 sessions, group classes and targeted training workouts through digital apps.

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As a holistic personal training studio with the aim to build a solid foundation in one’s health and fitness, EPT also emphasises the importance of overall health and wellbeing. Naturally, to complement physical training classes, EPT has also sought to provide online nutrition and lifestyle, as well as mental coaching for all ages through virtual means as well. Though the present situation is far from ideal, EPT is among the few that has pivoted to accommodate the increasing demand of healthier lifestyles. At EPT, technology is honed to facilitate the accessibility of fitness to all in Hong Kong through virtual means.

“Technology may feel different to in-person classes, but it does bring many advantages. We are better able to use statistics to find out which classes are more popular, cater to different needs simultaneously and allow for people to join us through recorded sessions which may accommodate their schedules better.”

Additionally, EPT has taken the mandatory quarantine situation stipulated by the government into account. During the 2 weeks of mandated quarantine at dedicated government appointed facilities, EPT offers a 14-day package with a complimentary rental of TRX set to cater to the needs of residents in temporary Hong Kong quarantine facilities, which will be picked up on the last day of quarantine. With the virulency of COVID-19, EPT has taken precautionary measures to ensure the sterilization and sanitisation of each TRX set for each rental, reducing the possibility of transmission. Such methods will enable those in quarantine to join zoom classes to continue their fitness journey whilst in quarantine and continue training with EPT to be in the best of shape.

Ultimately, EPT hopes to revert back to on-site training and coaching when the spread of COVID-19 pandemic subsides. However, it is clear that businesses have been hit hard by the pandemic, and the slow disbursement of COVID-19 relief funds make the upkeep of businesses even more difficult in these trying times. Some businesses have yet to receive subsidies following the second lockdown in July. This exacerbates the loss in revenues generated by fitness centres, which have seen a 30-60% reduction even with online training. With the third lockdown and the new restrictions introduced by the Hong Kong government with regards to the closure of gyms, EPT encourages the public to participate in online training so as to effectively build up ones physical and mental health amidst these trying times.

“Due to increased social distancing and self-isolation measures, individuals’ health and mental wellbeing will inevitably be impacted. It is crucial to build immunity and prevent one’s wellbeing from deteriorating so as to continue a sense of normalcy, and to fight against COVID-19. EPT hopes to support you in the ways we can, and join you in this journey.”

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CIFI’s contracted sales grew significantly by 36% YoY to record high of RMB30.98 billion in December 2020

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Full year contracted sales reached RMB231 billion, up approx. 15% YoY ; Achieved about 100.4% of full year sales target (RMB230 billion)

 

HONG KONG SAR – Media OutReach – 8 January 2021 – 

  • In December 2020, the Group achieved contracted sales of approx. RMB30.98 billion, representing a YoY increase of approx. 36% (compared to December 2019). Contracted GFA amounted to approx. 2,204,300 sq.m. and contracted ASP was approx. RMB14,100/sq.m. in December 2020.
  • For the full year of 2020, the Group achieved contracted sales of approx. RMB231 billion, representing a YoY increase of approx. 15%. Contracted GFA amounted to approx. 15,385,100 sq.m. and contracted ASP was approx. RMB15,000/sq.m. in 2020.
  • In 2020, the Group achieved approx. 100.4% of its 2020 full year contracted sales target of RMB230 billion
  • In 2020, breakdowns of the Group’s contracted sales were as follows:

By City

RMB (billion)

% of total

Hangzhou

19.14

8.3%

Wenzhou

13.80

6.0%

Beijing

13.52

5.9%

Hefei

13.41

5.8%

Chongqing

11.04

4.8%

Suzhou

10.57

4.6%

Changsha

9.76

4.2%

Tianjin

9.11

3.9%

Wuhan

9.09

3.9%

Qingdao

8.15

3.5%

Shanghai

7.4

3.2%

Chengdu

7.39

3.2%

Jinan

7.03

3.0%

Wuxi

6.91

3.0%

Ningbo

5.56

2.4%

Foshan

5.02

2.2%

Changzhou

4.62

2.0%

Nanjing

4.47

1.9%

Fuzhou

3.73

1.6%

Shenyang

3.61

1.6%

Dongguan

3.56

1.5%

Jiaxing

3.26

1.4%

Taiyuan

3.22

1.4%

Linyi

2.90

1.3%

Huizhou

2.73

1.2%

Yantai

2.63

1.1%

Yinchuan

2.62

1.1%

Luoyang

2.59

1.1%

Shenzhen

2.55

1.1%

Jinhua

2.45

1.1%

Nanchang

2.14

0.9%

Taizhou

1.98

0.9%

Nanning

1.66

0.7%

Hong Kong

1.59

0.7%

Jiangmen

1.46

0.6%

Zhengzhou

1.44

0.6%

Wuhu

1.24

0.5%

Zhoushan

1.11

0.5%

Jining

1.09

0.5%

Others

15.45

6.7%

By Region

RMB (billion)

% of total

Yangtze River Delta

101.19

43.8%

Pan Bohai Rim

52.93

22.9%

Central & Western Region

51.38

22.2%

Southern China Region

25.50

11.1%

Land Acquisition

  • In December 2020, the Group completed the following land acquisitions: 

City

Project

Group’s  Equity Interest

Intended Primary Use

Site Area

(sq.m.)

Total Planned GFA (Excluding Carpark) (sq.m.)

Group’s Attributable Consideration (RMB)

Average 

Land Cost (Excluding Carpark) 

(RMB/

sq.m.)

Changsha

Yue Lu District, Bin Jiang New City, Yu Bong Project

100%

Residential, Commercial

94,400

424,800

3,738,270,000

8,800

Huai’an

Economic Development Zone, An Lan Road East Project

100%

Residential, Commercial

176,400

435,100

874,800,000

2,011

Chengdu

Xin Jin District, Xin Jin TOD Project

66%

Residential, Commercial

237,100

552,600

878,440,000

2,408

Guiyang

U Dang District, Bei Ya Road Project

51%

Residential

147,000

558,300

896,390,000

3,148

Urumqi

Shui Mo Gou District, Convention Centre, 476 mu Project

51%

Residential, Commercial

318,100

638,900

1,013,780,000

3,111

Wenzhou

Ban Dao Qi Bu District, Dong Tou County West,  Zone B-09 Project

50%

Residential

147,500

427,900

1,125,000,000

5,259

 

Company News

  • In December, CIFI signed syndicated loan facility agreements with several banks and financial institutions in Hong Kong, with an aggregate amount of US$362 million, comprising: (i) US$145 million 3.5-year certain term loan; and (ii) HK$1,688 million (equivalent to approximately US$217 million) 3.5-year certain term loan. The syndicated loans were first led by China CITIC Bank International and Bank of Communications Hong Kong Branch. Participating banks also include CMB Wing Lung Bank, Tai Fung Bank, The Bank of East Asia and Chong Hing Bank.
  • In December, the major shareholder, Lin’s family, increased the equity stake in CIFI by two million shares. The average share price was HK$6.24 per share and the total consideration was HK$12.47 million. Up to now, the Lin’s family together with the chairman of the board, Mr. Lin Zhong, increased the equity stake in CIFI by 64.9 million shares in total during the year for a total consideration of HK$413 million, demonstrating the major shareholder’s full confidence in CIFI’s long term development and potential appreciation of its share price.

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