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Mannatech Declares Fourth Quarter 2019 Dividend

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Mannatech, Incorporated (NASDAQ: MTEX), a global health and wellness company committed to transforming lives to make a better world, announced that its Board of Directors declared a cash dividend of $0.125per share of common stock, payable on Friday, March 27, 2020, to shareholders of record at the close of business on Friday, March 13, 2020. The dividend reflects a commitment to rewarding shareholders and encouraging long-term investment in Mannatechs common stock.

Alfredo Al Bala, President and CEO of Mannatech, said, Mannatech is fully committed to delivering value to our shareholders. The company’s strengths, including the potency of our products and the quality of our sales force, position the company well to support a dividend.

About Mannatech

Mannatech, Incorporated is committed to transforming lives through the development of high quality integrated health, weight management, fitness and skin care products distributed through its global network of independent associates and members. The company has been operating for more than 20 years with operations in 26 markets^. For more information, visit Mannatech.com.

^ Mannatech operates in China under a cross-border e-commerce platform that is separate from its network marketing model.

Please Note: This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by use of phrases or terminology such as may, will, should, “hope,” could, would, expects, plans, intends, anticipates, believes, estimates, approximates, predicts, projects, potential, and continues or other similar words or the negative of such terminology. Similarly, descriptions of Mannatechs objectives, strategies, plans, goals or targets contained herein are also considered forward-looking statements. Mannatech believes this release should be read in conjunction with all of its filings with the United States Securities and Exchange Commission and cautions its readers that these forward-looking statements are subject to certain events, risks, uncertainties, and other factors. Some of these factors include, among others, Mannatechs inability to attract and retain associates and members, increases in competition, litigation, regulatory changes, and its planned growth into new international markets. Although Mannatech believes that the expectations, statements, and assumptions reflected in these forward-looking statements are reasonable, it cautions readers to always consider all of the risk factors and any other cautionary statements carefully in evaluating each forward-looking statement in this release, as well as those set forth in its latest Annual Report on Form 10-K, and other filings filed with the United States Securities and Exchange Commission, including its current reports on Form 8-K. All of the forward-looking statements contained herein speak only as of the date of this release.

Donna Giordano

Manager, Executive Office Administration

972-471-6512

[email protected]

www.mannatech.com

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Scenario-based healthcare products prevailing in post-pandemic era, Qingsong Health Group Insurance rises as new hit in Chinese digital insurance industry: Hurun Report

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SHANGHAI, Sept. 21, 2020 /PRNewswire/ — Hurun Report, a leading provider of high-quality lists and research, released Hurun China Digital Insurance Agencies 2020 on 16 September, 2020. The report, the first of its kind by Hurun Report, lists the 10 highest-rated digital insurance agencies in China based on their business performance and innovation abilities in the past two years. 

Digital insurance refers to a business model supported by the internet, mobile communication networks and other technologies, which sees the insurer and the insured signing contracts and providing services though insurer-owned online platforms or third-party purchasing platforms.

With a long industry chain and diversified products, the insurance sector is highly integrated with other industries. Hence, various platform business models have emerged in the digital insurance sector.

It is worth noting that the list in this report focuses on internet and tech enterprises that hold stake in, invest in or set up online insurance agencies with individual customers and insurance agents as targets. Insurance agencies targeting corporate clients are excluded from the list. In addition, research in this report only covered private businesses in the Chinese mainland. 

The post-pandemic era has seen health becoming one of the hottest topics and diversified insurance products, said Rupert Hoogewerf, the chairman and chief researcher of Hurun Report. Quoting statistics from Insurance Association of China, Hoogewerf said Chinese insurers’ premium income increased by 6.5 percent year on year to 2.7 trillion yuan in the first half of the year.

Insurance agencies have played a crucial part in insurance purchases, whose premium income has accounted for over 80% of the total premium income for the past consecutive years, Hoogewerf noted, adding that the practice of independent service providing and marketing has shaped the insurance sector, and, at present, near 70% of China’s 700 national insurance agencies are eligible to market online.

Digital insurance in China has enjoyed leap-forward development in the past years, Hoogewerf said. He further explained that, besides internet giants Baidu, Alibaba, Tencent and JD.com, Ctrip, Didi, Meituan and other platforms have rolled out insurance services. Relying on massive active users and taking advantages of big data and cloud computing technologies, those companies have designed insurance products in accordance with the consumption scenarios of their original platforms, including entertainment, shopping, travelling and mutual health aid, to meet the insurance needs of different customer groups, said Hoogewerf. For instance, Hoogewerf added, Ant Insurance provides shipping insurance for online shopping and Ctrip offers insurance for flight accidents and delay.

In digital insurance business, there are other companies that worth gaining people’s attention, such as scenario-based health insurance marketing agencies represented by Qingsong Health Group’s insurance platform, and China’s earliest online platforms that obtained online insurance brokerage licenses represented by Huize Insurance, said Hoogewerf.

As insurtech embraces a new development era in both China and the global market, multiple business players have been competing for the position of industry leaders, Hoogewerf noted. He said the prospects of Chinese digital insurance agencies are promising, given the trend of independent service providing and marketing in insurance industry as well as the rapid development of internet technology.

Top 10 of Hurun China Digital Insurance Agencies 2020

Agency

Affiliated enterprise

Headquarters location

1

WeSure

Tencent Holdings Ltd

Shenzhen

2

Ant Insurance

ANT Group Co., Ltd

Hangzhou

3

Qingsong Health Group

Qingsongchou Network Technology Co. Ltd

Beijing

4

Huize.com

Huize Holding Ltd

Shenzhen

5

Shuidibao

Beijing Zongqing Xiangqian Science and Technology Co., Ltd. 

Beijing

6

Jingdong Insurance

Beijing Jingdong Financial Technology Holding Co., Ltd

Beijing

7

Suning Insurance

Suning Financial Services (Shanghai) Co., Ltd

Shanghai

8

Ctrip Insurance Services

Shanghai Ctrip Business Co., Ltd

Shanghai

9

WeiEase Tech App

Hangzhou WeiEase Tech Co., Ltd.

Hangzhou

10

Duxiaoman Insurance

Beijing Duxiaoman Technology Co., Ltd.

Beijing

Source: Hurun Report

Brief introduction of examples of agencies on the List

WeSure, an example of digital insurance agencies affiliated to the internet giants

In 2017, Tencent officially launched its online insurance subsidiary WeSure in its WeChat Pay service, aiming to connect potential insurance clients with different insurance scenarios by capitalizing on the high engagement rate of WeChat and other social media networks under Tencent. WeSure enables consumers to buy various insurance products, inquire and settle claims online via WeChat and QQ. So far, WeSure has established cooperative relations with around 20 insurers including Taikang Online and PICC. In 2018, the platform introduced Insurance Hongbao, a stimulus of certain amount of money that encouraged WeSure users enrolling their WeChat contacts as new users and therefore targeted potential clients. In July 2020, WeSure, along with media and a dozen of insurers, launched China’s first insurance festival which saw the participation of 148 million users. WeSure data showed its total compensation in 2019 exceeded 330 million yuan, seven times of that of 2018.

Insurance platform of Qingsong Health Group, an example of digital insurance agencies affiliated to online crowdfunding platforms

Established as a crowdfunding platform for serious illness treatment, Qingsong Health Group has helped cultivating users’ awareness to insurance. It then started its insurance agency catering to the needs of its user group and insurance clients. Based on users of Qingsong Health Group, the insurance platform interacted with the group’s other subsidiaries, such as the crowdfunding and public benefit platforms. After its upgradation in 2020, the insurance platform, collaborating with insurers CPIC and Zhongan, launched a marketing campaign targeting users in their 20s and 30s. By measures of allowing using daily steps to deduct premiums and encouraging payment by instalments, the campaign had made it easier for young users buying insurance.  

Huize Insurance, an example of professional digital insurance agencies

Founded in 2006, Huize.com was among the earliest few platforms in the country obtaining online insurance brokerage licenses. Its establishment marked the birth of China’s first Internet insurance "supermarket" that integrated insurance purchase and product comparison. Being an early bird and hence benefiting from advantages in attracting users and partners as well as technological supporting, Huize.com has reshaped the insurance sector through offering clients one-stop integrated insurance solutions. In regard of brand marketing, the platform cooperates with 17,000 media marketing entities, covering WeChat, Zhihu, Sina Weibo and other leading social media communities. The marketing contents targeting individual users focuses on insurance knowledge introduction, product comparison and evaluation. The comprehensive marketing strategies have brought significant and constant attention to the platform. Through online customer support and call center service, Huize.com achieves efficient communication with users and conducts purchases. Insurance premiums of Huize Insurance in 2019 exceeded 2 billion yuan, an year-on-year increase of 110%. In February 2020, Huize Holding Limited successfully listed and commenced trading on Nasdaq Global Market.

About list compilation: This list was compiled via qualitative and quantitative comprehensive research methods. Firstly, basing on recommendations by industry experts and published information, Hurun Report selected nearly 150 corporates with digital insurance operations and conducted a preliminarily screening (including confirming basic information such as headquarters locations, founding date, insurance brokerage qualification, etc.). Then, researchers made a thorough study on 40 enterprises with satisfying performance. Through in-depth analysis of overall information of the targeted companies (including profile, shareholder structure, public relations, partnership relations, enterprise value and financing information, number of users, reputation, marketing strategy, etc.), Hurun Report rated the companies by 12 indicators of 4 dimensions with the quantitative method. The top 10 platforms were selected based on comprehensive ratings.   

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Ping An Launches its First UCITS Umbrella Fund

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Fund offers global investors diversified investment opportunities across China equity and fixed income markets

HONG KONG, SHANGHAI and LUXEMBOURG, Sept. 21, 2020 /PRNewswire/ — Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEX: 2318; SSE: 601318) is pleased to announce that its offshore investment platform, Ping An of China Asset Management (Hong Kong) Co., Ltd. ("PAAMC HK" or the "Company"), has launched its first UCITS (Undertakings for Collective Investment in Transferable Securities) umbrella fund.

Ping An of China Asset Management Fund (the "Fund")[1], together with its four key Sub-Funds, are domiciled in Luxembourg. It plans to apply for mutual recognition by Securities and Futures Commission for public offering in Hong Kong.

The Fund’s investment strategy builds on Ping An’s 20+-year track record of successful investment in China equity and fixed income markets. The Fund uses PAAMC HK’s systematic, quantitative and scientific investment methodologies to offer global investors a wide range of investment opportunities in China with flexibility and efficiency.

Each of the four Sub-Funds managed by PAAMC HK has a unique investment objective and strategy:

  • China A-Shares AI Multi-Factor Fund

This Sub-Fund employs multi-factor models to construct a well-diversified equity portfolio. It uses advanced artificial intelligence (AI) techniques for stock selection and portfolio optimization. It aims to achieve stable excess returns above the benchmark China Securities Index (CSI) 300 Total Return Index. In addition to applying common factors in the market, Ping An’s AI quantitative researchers have developed proprietary factors to enhance its performance and to reduce correlations with other quantitative funds.

  • China Green Bond Fund

This Sub-Fund mainly invests in China and emerging markets green bonds that are aligned with international standards to promote green financing and to advance environmentally friendly investments and social awareness in China and other emerging countries. Bolstered by strong domestic economic recovery and policy support, China green bonds not only help investors capture China’s green opportunities, but also mitigate risk due to its low correlations to other major asset classes.

  • China High-Yield Private Strategy Bond Fund

This Sub-Fund aims to achieve absolute return from investment income and long-term capital appreciation, primarily investing in high-yield corporate bonds and debt securities. It may also invest in debt securities issued by sovereign, government agencies and/or companies having main operations in mainland China.

  • Emerging Market Income Fund

This Sub-Fund is designed to achieve absolute return from income and long-term capital appreciation by investing at least 60% of its net assets in debt securities issued by sovereign, government agencies and/or companies having main operations in emerging market countries.

Hoi Tung, Ping An Group Investment Committee Member and Chairman & CEO of Ping An Overseas Holdings, said, "Leveraging the strength of Ping An’s investment expertise in China, this new UCITS vehicle provides global investors the opportunity to invest in China’s equity and fixed income markets. We look forward to launching more products and services that meet global investor demands."

Chi Kit Chai, Head of Capital Markets and Chief Investment Officer, Ping An of China Asset Management (Hong Kong), said, "Capitalizing on the geographic advantage of Hong Kong, PAAMC HK connects mainland China with the rest of the world. We are committed to help our onshore Chinese clients to invest globally and our global clients to invest in China. Currently, we are seeing strong growth in demand for Chinese assets, as China can provide both pickup in yields and portfolio diversification. We are very excited to broaden our offering to include our first UCITS fund, which provides our global clients access to opportunities to invest in China."

[1] The Fund is not authorized by the Securities and Futures Commission in Hong Kong. It is not publicly offered in Hong Kong.

About Ping An Group

Ping An Insurance (Group) Company of China, Ltd. ("Ping An") is a world-leading technology-powered retail financial services group. With over 210 million retail customers and 560 million Internet users, Ping An is one of the largest financial services companies in the world.

Ping An has two over-arching strategies, "pan financial assets" and "pan health care", which focus on the provision of financial and healthcare services through our integrated financial services platform and our five ecosystems of financial services, health care, auto services, real estate services and smart city services. Our "finance + technology" and "finance + ecosystem" strategies aim to provide customers and internet users with innovative and simple products and services using technology. As China’s first joint stock insurance company, Ping An is committed to upholding the highest standards of corporate reporting and corporate governance. The Group is listed on the stock exchanges in Hong Kong and Shanghai.

In 2020, Ping An ranked 7th in the Forbes Global 2000 list and ranked 21st in the Fortune Global 500 list. Ping An also ranked 38th in the 2020 WPP Kantar Millward Brown BrandZTM Top 100 Most Valuable Global Brands list. For more information, please visit www.pingan.cn.

About Ping An of China Asset Management (Hong Kong)

Ping An of China Asset Management (Hong Kong) Co., Ltd. was established in 2006. It is a direct subsidiary of China Ping An Insurance Overseas (Holdings) Limited and a wholly-owned subsidiary of Ping An Insurance (Group) Company of China, Ltd. (2318.HK and 601318.SH). It is licensed by the Securities and Futures Commission of Hong Kong to conduct Type 1 (Dealing in Securities), Type 4 (Securities Consultation) and Type 9 (Asset Management) regulated activities. With strong capabilities in investment research and asset management, PAAMC HK is a leading provider of global investment management solutions in equities, fixed income, ETFs, structured products and alternative assets. For more information, please visit asset.pingan.com.hk.

 

Related Links :

http://www.pingan.cn

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AIA Singapore creates up to 500 new career opportunities for fresh graduates and mid-career switchers impacted by COVID-19

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AIA Financial Career Scheme 2020 will provide eligible candidates with comprehensive financial services training as well as vital financial support whilst undertaking the programme

 

SINGAPORE – Media OutReach – 21 September 2020 – AIA Singapore today announced the creation of up to 500 new career opportunities, in-depth training and financial support aimed at fresh graduates and mid-career switchers, amid ongoing economic uncertainty and increasing unemployment as a result of COVID-19. AIA’s Financial Career Scheme 2020 is a reinforcement of the continued efforts by the government of Singapore to create and sustain job opportunities for Singaporeans, as the number of retrenchments more than doubled in the second quarter of this year[1].

[View Image]

 

Ms Wong Sze Keed, Chief Executive Officer of AIA Singapore, said, “At a time when so many are impacted by retrenchment or are struggling to find jobs, it is vital that we support Singaporeans and permanent residents by creating sustainable and long-term career opportunities.

 

“The AIA Financial Career Scheme 2020 equips individuals with the skills and necessary financial knowledge to pursue a new career path in the financial services industry. By sharing our expertise and industry knowledge, candidates will embark on fulfilling and successful careers, contributing to Singapore’s economic future well beyond COVID-19,” she said.

 

A strategic collaboration between AIA Singapore Private Limited (inclusive of its wholly-owned subsidiary, AIA Financial Advisers Private Limited) and AIA Group’s flagship asset management company, AIA Investment Management Private Limited (AIAIM), the AIA Financial Career Scheme 2020 aims to provide support to individuals seeking careers in Singapore’s financial services sector. Eligible candidates will undertake soft and technical skills training to enhance their industry employability, as well as receive financial support to sustain them whilst enrolled in the programme. Financial support will be provided to qualifying individuals across six financial allowance schemes, ranging from S$2,000 — S$5,000 per month[2], with a bonus earned upon successful completion of certain training modules.

 

“The programme is designed to equip candidates with sound financial and investment knowledge, which will enhance their employability as well as better serve the long-term needs of their clients.” said Mr Cheong Poh Kin, Chief Executive Officer of AIAIM.

 

Suitable candidates who meet AIA’s requirements will be enrolled progressively over a period from 15 September 2020 to 31 March 2021, where successful individuals will receive structured training over an initial 10-month period leading to three certifications comprising:

1.     Associate Financial Planner (AFPCM) / Associate Financial Consultant (AFC) certification, as part of the AIA Premier[3] Programme.

2.     Institute of Banking and Finance (IBF) Level 1 certification.

3.     Foundation Investment Certification accreditation by AIAIM.

 

After the initial 10-month period, further training programmes will be offered over the total two-year period based on individual candidate preferences and development needs.  

 

In addition, all successful candidates enrolled in the programme will be assigned a mentor who will partner and guide them toward successful completion of the programme and potentially a rewarding career with AIA Singapore or AIA Financial Advisers as an AIA Premier Consultant.   

 

For six consecutive years, the AIA Group has achieved the largest number of MDRT members becoming the only multinational company in the world to have done so. We also maintained our market leadership in agency distribution for six consecutive years, with the largest number of MDRT registered members in Singapore. Internationally recognised as the standard of excellence in life insurance and financial services, AIA’s agency force represents the industry pinnacle in professional knowledge, ethical conduct and outstanding client service. AIA Singapore is also the Winner of The Insurance & Risk Management Sector of the Singapore’s 100 leading graduate employers in 2019/2020 for three consecutive years.

 

Interested candidates can contact us via this link and we will be in touch to share more about the AIA Financial Career Scheme 2020, and how to build a rewarding career with AIA Singapore or AIA Financial Advisers:  https://www.aia.com.sg/en/about-aia/careers/not-just-another-job.html

 

 



[2] Financial allowance is subject to terms and conditions and meeting certain sales validation.

[3] AIA Premier is a structured programme with a comprehensive training and support system to groom new AIA Financial Services Consultants to achieve Million Dollar Round Table (MDRT) within 2 years.


About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets in Asia-Pacific — wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR[4], Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, the Philippines, South Korea, Taiwan (China), Vietnam, Brunei, Macau SAR[5], New Zealand, a 99 per cent subsidiary in Sri Lanka, and a 49 per cent joint venture in India.

 

The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$291 billion as of 30 June 2020.

 

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 36 million individual policies and over 16 million participating members of group insurance schemes.

 

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).




[4]Hong Kong SAR refers to Hong Kong Special Administrative Region

[5]Macau SAR refers to Macau Special Administrative Region


About AIA Investment Management Private Limited

AIA Investment Management Private Limited (AIAIM) was incorporated in Singapore in 2016 as the hub for regional investment management and central trading for AIA.  AIAIM holds a Capital Markets Services Licence for Fund Management, and Dealing in Capital Markets Products from the Monetary Authority of Singapore. As of 30 June 2020, AIAIM manages around US$118.2 bn across asset classes and has 111 employees. Since incorporation, AIAIM has built specialist teams to supporting and manage asset classes across geographies, having strong research capabilities in Equities, Fixed Income and Alternative Investments. AIAIM solely caters to AIA and dedicate its investment resources to manage the assets of AIA.

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