Latest news with #ShenLi
RTHK
17-07-2025
- Business
- RTHK
Bond Connect tweaks enrich investment spectrum: expert
Bond Connect tweaks enrich investment spectrum: expert Currently, the Southbound Bond Connect has a daily investment quota of 20 billion yuan, and an annual limit of 500 billion yuan. File photo: RTHK A fixed-asset investment veteran said that the latest tweaks on the Bond Connect scheme enrich the investment spectrum for onshore investors, but called for the link's annual quota to be further increased to facilitate growing transaction volume. The comments came after a senior official from the People's Bank of China (PBoC) announced last week that the southbound leg of the bond trading link will be opened to non-banking players such as securities and wealth management firms to invest in offshore bonds. The move marked a significant step by Beijing to relax capital-flow restrictions, as previously only banks and qualified institutional investors were eligible. It also offered an opportunity for onshore investors looking for higher yields, according to Shen Li, Head of Foreign Exchange Sales, Asia Pacific at State Street Markets. "It all comes down to the fact that you can further diversify out of the onshore investment opportunities, as at the moment the bond yield onshore is still on the low end as officials want to keep the loose monetary policy to stipulate the local economy," he told RTHK. "Investors…generally invest in the China Government Bonds (CGBs) and Policy Bank debts, and the Non-convertible Debentures (NCDs). I think by opening up the southbound channel, it just opens up the spectrum for investors to choose from." While the policy bank bonds, similar to the CGBs, are issued by state-backed financial institutions to promote specific public policy objectives, NCDs are corporate bonds with fixed interest and tenures. Li added that the Bond Connect expansion, along with other planned relaxations including that on the Southbound repurchase agreement (repo), a short-term borrowing and lending transaction involving the sale of securities with a promise to repurchase them at a later date, as well as that on the Swap Connect programme, would also enrich the two-way gates for onshore and offshore investors to choose from. However, Li felt the southbound link's limits of 20 billion yuan each day, or 500 billion yuan annually should be adjusted accordingly, after they were unchanged since the scheme's inception in 2021. "The quota [of the scheme] matters because the [current] 500 billion yuan a year does provide a big cap on the investment opportunity," he explained. "At this moment, I don't think there's any official number being rolled out yet. However, such [an] expansion without an increase on the quota probably doesn't make sense."
Morocco World
01-05-2025
- Business
- Morocco World
Huawei Reinforces Strategic Commitment to Africa's Digital Future
Rabat — Huawei hosted its Intelligent Africa Summit 2025 alongside GITEX Africa in Marrakech, on April 15. The summit brought together key partners to discuss how artificial intelligence (AI) can drive inclusive development across the continent. Under the theme 'Amplifying Intelligence for a New Africa,' the summit addressed how AI and digital innovation can shape Africa's future amid the continent's technological transformation. Inaugurating the summit, the President of Huawei Northern Africa Shen Li stressed the need for collaboration in Africa's transformation journey. Shen Li said that the tech-giant 'will continue [its] partnership with all stakeholders around the fundamental pillars of AI development — public policies, technology, ecosystem, and talent — to accelerate intelligence and build a new Africa together.' For his part, Smart Africa Director General and CEO Lacina Koné echoed this sentiment while speaking of the importance of developing digital transformation strategies rooted in Africa's unique characteristics. He urged the need to 'anchor ourselves more deeply — in policies, people, partnerships — so that Africa rises strongly against the winds of change that artificial intelligence is blowing.' Koné also spoke of Africa's assets with a particular focus on the continent's demographic advantage, noting that over 70% of the population is under 30. This provides a reservoir of creativity, agility, and resilience, driving the technological revolution, he argued. Read also: Morocco, Huawei Sign New Agreement to Boost Digital Skills, Innovation Meanwhile, the Vice President of Huawei Northern Africa Mounir Soussi focused on customer-centered opportunities in the rapidly evolving digital landscape. 'This era of transformation, inclusive AI opens new horizons for Africa,' he said. Soussi recalled Huawei's commitment to placing its customers at the heart of their technology development, saying it will 'continue to put customers at the center of its approach and promote intelligence across the continent.' The summit also provided an opportunity to feature the essential role of New Infrastructure in advancing AI throughout Africa. Ahmed Talaat, CTO of Huawei Cloud Northern Africa, explained : 'In Africa, Huawei Cloud is committed to building intelligent cloud infrastructure for the telecommunications sector, while accelerating intelligence in other sectors through systemic innovation combining AI for cloud and cloud for AI.' Marouane Akrab, Digital Center Manager at Attijariwafa Bank, shared practical insights on creating value through AI implementation. 'After establishing effective governance and centralizing data, Attijariwafa Bank has triggered a new strategic phase: making data a true performance lever. This second step involved strengthening analytical tools, more refined data use, and gradually acculturating teams to Data and AI usage,' he explained. Also, a high-level panel explored the New Ecosystem concept. High-caliber panelists focused on the vital importance of close collaboration in the AI era, while discussing the urgency of designing inclusive, agile, and resilient frameworks to support sustainable digital transformation. Through its combination of strategic visions, inspiring case studies, and operational recommendations, the Huawei Intelligent Africa Summit 2025 laid the groundwork for an ambitious agenda for Africa's digital future. The event reinforced Huawei's commitment to working alongside African stakeholders to build a more intelligent, interconnected future where innovation drives inclusive progress.
Zawya
22-04-2025
- Business
- Zawya
At GITEX Africa 2025, Huawei reinforces strategic commitment to the development of Africa's digital and intelligent future
Cairo, Egypt – Huawei Intelligent Africa Summit 2025 was held in Marrakech alongside GITEX Africa under the theme 'Amplify Intelligence for New Africa.' For its 3rd edition, GITEX put a strong spotlight on Artificial Intelligence (AI) and digital innovation, highlighting a turning point in Africa's technological transformation. In this dynamic, Huawei's Summit aimed at exploring how AI can foster inclusive, sustainable development and help shape the continent's future. In his opening speech, Shen Li, President of Huawei Northern Africa (North, West & Central Africa), emphasized the necessity of an integrated and collaborative approach: 'Moving forward, we will continue to collaborate with all parties across key pillars of AI development in policy, technology, ecosystem, and talent to accelerate intelligence and co-build a new Africa.' This call to action resonated strongly with Lacina Koné, Director General & CEO of Smart Africa, who underlined the importance of tailoring digital transformation to the continent's unique context. He stated, 'Let us deepen our roots —in policy, in people, in partnerships— so Africa may rise strong in the AI winds of change.' His remarks highlighted Africa's demographic advantage, noting that over 70% of its population is under 30, which brings creativity, adaptability, and resilience essential to steering the AI revolution. Further reinforcing this strategic vision, Mounir Soussi, Vice President of Huawei Northern Africa, stressed the market opportunities afforded by a customer-centric approach in a rapidly evolving digital era. He remarked, 'In this changing era, Inclusive AI develops new opportunities in Africa and Huawei will insist on being customer-centric, promoting intelligence across the continent.' His perspective underlined that at the heart of these transformative initiatives lies a commitment to delivering tangible benefits to communities and businesses alike. The Huawei Intelligent Africa Summit cast a spotlight on the role of robust New Infrastructure as the backbone of Africa's AI journey. During a dedicated session, Ahmed Talaat, CTO of Huawei Cloud Northern Africa, explained: 'In Africa, Huawei Cloud is committed to building an intelligent cloud foundation for the telecom industry and accelerating intelligence across industries with systematic innovation that encompasses AI for Cloud and Cloud for AI.' This strategic emphasis on integrated cloud solutions is designed to bridge digital divides and provide the secure, scalable infrastructure needed to support emerging AI applications. One of the key pillars of the Summit's theme, New Value, was brought to life through a powerful testimonial by Marouane Akrab, Head of Digital Center at Attijariwafa Bank. He noted, 'After laying the foundations for an effective governance and centralised data, Attijariwafa Bank has launched a strategic shift to turn data into a real performance lever. This second phase was marked by a rise in power of analytical tools, a better use of data, and acculturation of teams to use Data & AI.' His remarks clearly demonstrate how the strategic use of data and AI is creating measurable impact and unlocking performance gains, especially in the financial sector. Another key pillar of the Summit, New Ecosystem, was highlighted during a high-level panel that brought together a diverse group of stakeholders. The session underscored the vital importance of collaboration in the AI era, focusing on the urgent need to design inclusive, agile, and resilient frameworks. These are essential to support sustainable digital transformation across Africa and to fully harness AI's potential for long-term economic and social impact. By weaving together actionable insights and success stories with visionary leadership, the Huawei Intelligent Africa Summit 2025 has set a strong strategic agenda for the continent's digital future. Huawei reaffirms its commitment to partnering with stakeholders across Africa to build a smarter, more connected future where innovation is both advanced and inclusive.
