S. Korea, China FMs agree to make upcoming APEC summit 'new turning point' in ties
Foreign Minister Cho Hyun and Chinese Foreign Minister Wang Yi expressed this view during the 45-minute phone conversation, reaffirming their commitment to advance the bilateral strategic cooperative partnership in a "steady and mature" manner, the ministry said in a release.
"They agreed to work together to ensure that the upcoming APEC summit in Gyeongju serves as a new turning point in bilateral ties and to deliver tangible outcomes in practical cooperation that can be felt by the peoples of both countries," it said.
They also agreed to maintain the positive momentum in bilateral ties through high-level exchanges.
The APEC summit is set to take place in the southeastern South Korean city from Oct. 31 to Nov. 1. Chinese President Xi Jinping is widely expected to attend the multilateral meeting. China is the host for next year's APEC summit.
Congratulating Cho on his inauguration, Wang expressed a willingness to maintain a close working relationship with him, according to the ministry. Cho, in turn, said he hopes to closely work with Wang to further develop the Seoul-Beijing ties.
Cho took office last Monday.
He also extended an invitation for Wang to visit South Korea, and Wang responded that he would visit at a mutually convenient time, according to the ministry. (Yonhap)
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Attended by approximately 500 investors, executives, academics, and wealth management professionals from across the globe, the Summit featured nearly 30 speakers who addressed key themes shaping today's financial landscape, including macroeconomic trends, investment strategies for turbulent times, multigenerational wealth transfer, and the innovation-driven structural shifts impacting capital markets. Jingbo Wang, Co-Founder and Chairwoman of Noah Holdings, commented: "For 20 years, Noah has stood by our clients through global change. Hosting this inaugural Summit in Singapore at the time of its 60th anniversary is not only a tribute to the city-state's unique role as a global financial hub, but also a reaffirmation of our long-term commitment to building trust and resilience for global Chinese investors." Zander Yin, CEO of Noah Holdings Limited, added, "This is not just a gathering; it is a strategic signal. Singapore is not only our new overseas headquarters, but also a vital hub for fostering cross-border discussions on wealth, trust, and resilience. As global Chinese investors face rising uncertainty, we believe strategic asset allocation, technological alignment, and adopting a long-term view will define the next chapter in responsible wealth management." Global Perspectives: Resilience in an Age of Economic Turbulence Renowned global speakers opened the summit by sharing their views on how investors can navigate a multipolar, fractured global economy. Jim Rogers, investor, financial commentator, and Co-Founder of the Quantum Fund reflected on recurring patterns in history and the importance of geographic diversification and contrarian investing, stressing, "History doesn't repeat word for word but the story is always familiar. Watch where the money is going, and don't be afraid to wait for the right moment." 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Discussions spanned the resilience of private credit, the inflation-hedging qualities of infrastructure, clean energy opportunities, the evolution of digital assets and tokenization, frameworks for alternative asset allocation, and Singapore's enabling role as a launchpad for Noah's global strategy. The interactive sessions sparked valuable exchanges, with audience members gaining actionable insights for navigating the challenges and opportunities ahead. Looking Ahead The success of the inaugural Summit reflects the Company's global perspective, forward-looking approach to strategic wealth management, and its commitment to serve global Chinese investors across geographies with trust, sophistication, and long-term partnership. - End – About Noah Holdings Limited and ARK Wealth Management Noah Holdings Limited (NYSE: NOAH and HKEX: 6686) is a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for global Chinese high-net-worth investors. Noah's American depositary shares, or ADSs, are listed on the New York Stock Exchange under the symbol "NOAH," and its shares are listed on the main board of the Hong Kong Stock Exchange under the stock code "6686." One ADS represents five ordinary shares, par value $0.00005 per share. ARK Wealth Management, a core subsidiary under Noah Holdings Limited, is a leading provider of global wealth management services, offering one-stop financial solutions for high-net-worth global Chinese families and institutions. With a client-centric philosophy that emphasizes independence and professionalism, ARK consistently innovates its product offerings and services to address the evolving needs of its clients, delivering sophisticated wealth management strategies with a goal of becoming the preferred wealth management platform for global Chinese investors. ARK Wealth Management currently has over USD 8.7 billion in assets under advisement (AUA). With service centers in multiple countries and regions, ARK's team of 140+ global investment advisors focus on providing tailored, localized financial services to clients.
