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Belt and Road Forum centering on Digital Economy & Payment Settlement held in Hong Kong, exploring Hong Kong’s role in promoting digital silk road development

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HONG KONG, Dec. 7, 2024 /PRNewswire/ — Belt and Road Forum themed Digital Economy & Payment Settlement, co-organised by the Ng Teng Fong• Sino Group Belt and Road Research Institute of the Hong Kong Chu Hai College, Silk Road Economic Development Research Center and Maritime Silk Road Society was held on 5th December in Hong Kong. Mr Christopher Hui, Secretary for Financial Services and the Treasury, Mr Zhou Qiang, Deputy Director-General of the Economic Affairs Department and Head of the Commercial Office of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region, Mrs Regina Ip, Convenor of Hong Kong Executive Council and Co-Chair of the Maritime Silk Road Society, Mr LAM Kwong Siu, Chairman of Board of Governors of Hong Kong Chu Hai College, Mr Joseph Chan, Chairman of Silk Road Economic Development Research Center, Mr Liu An Ning, Second Secretary of the Commissioner’s Office of China’s Foreign Ministry in the Hong Kong Special Administrative, Mr Alexander Ng, Director of Ng Teng Fong Charitable Foundation and General Manager of Sino Group, Mr Tan Yueheng, Member of Legislative Council and Chairman of the BOCOM International Holdings Company Limited, Ms Jane Zhang, Interim President of Hong Kong Chu Hai College, Professor Thomas Chan, Director of Ng Teng Fong • Sino Group Belt and Road Research Institute of Hong Kong Chu Hai College, Professor Shi Yong of University of Chinese Academy of Sciences, Counsellor of State Council of the People’s Republic of China and Director of CAS Research Center on Fictitious Economy & Data Science, along with near 300 distinguished guests, including prominent business leaders from Hong Kong, mainland China, and overseas, Consul-Generals of Consulates-General in Hong Kong, government officials, entrepreneurs, and academics attended the Forum.

The Hon John KC LEE, Chief Executive of the Hong Kong Special Administrative Region delivered an opening address in video, in which he noted that in recent years, tokenisation technologies have revolutionised the global economy, creating new opportunities for the traditional financial market. The HKMA has launched a wholesale CBDC initiative called Project Ensemble this year, by leveraging advanced tokenisation technology. At present the Project has entered the Sandbox stage in August, with a focus on transactions involving tokenised assets. HKSAR Government will continue to capitalise on the growing influence of this key technology in the financial realm. He expressed his confidence that Hong Kong’s robust financial Infrastructure will support the financial services sectors to fully adapt to this new wave of digital economy, amidst the large array of opportunities offered by the digital “silk road”. In so doing, Hong Kong will consolidate its position as an international financial centre, and bring new development opportunities to other Belt and Road economies.

In his opening address Mr Christopher Hui noted that the Belt and Road initiative is more than just a platform for infrastructure and trade. It is a vision for global connectivity and shared prosperity. As we integrate digital innovation into this framework, the opportunities for economic transformation and cooperation are boundless. From providing world-class financial and professional services to advancing the adoption of cutting-edge technologies, Hong Kong stands ready to contribute to the continued success of the Belt and Road Initiative. He encourages all participants to seize these emerging opportunities, foster meaningful partnerships and work together to build a more interconnected, inclusive and prosperous future for all.

Mrs Regina Ip gave welcome remarks and highlighted the significant progress achieved in the Belt and Road Initiative (BRI) over the last ten years. Apart from the remarkable expansion of BRI membership, substantive achievements in infrastructural development and trade among BRI members also call for increased cross-border payment settlement under the digital economy. It is therefore timely to explore the prospects of digital economy and examine the challenges and opportunities in payment settlement facing us under the BRI. She acknowledged the strong support from venue sponsors, Sino Group and Ng Teng Fong Charitable Foundation and all guests at the end of her remarks.

Professor Shi Yong delivered a keynote speech on the “Prospect of Digital Economy under the Belt & Road Initiative and Its Impact on Mainland China and Hong Kong“, in which he stressed the strategic importance of digital economy to the development of BRI and he added that over the past 10 years since the launch of BRI in 2023, with the support of the central government, Hong Kong has actively responded to the BRI, strived to serve the needs of the country with its own strengths and become an active participant and contributor and beneficiary in the construction of the Belt and Road. Hong Kong will further consolidate its own advantages and enhance its competitiveness in the process of fully promoting the “digital industrialization” and “industrial digitization” of BRI members.

Mr LAM Kwong Siu on behalf of the main organisers expressed his gratitude to all participants of the forum. He said the BRI is entering its next golden decade and Hong Kong is facing a once-in-a-lifetime opportunity to play a crucial role in promoting Belt and Road and Digital Silk Road. We believe as we accelerate the development of the Digital Silk Road and the Silk Road of Innovation, more opportunities for cooperation will be created.

The panel discussion was divided into two sessions, respectively “Cross-Border Payments Fuelling the Accelerated Growth of Global E-Commerce” and “the Development and Implementation of Web 3.0 in Hong Kong“. The first session was moderated by Ms Julia Charlton, Managing Partner of Charltons, panelists included Dr Shen Jianguang, Vice President and Chief Economist of JD.com, Mr Ronan Zhong, Vice President of LianLian Global, Mr Esmond Lee, Deputy Branch Manager of Euroclear Bank Hong Kong Branch and Mr Herbert Siu, CFO of Payment Cards Group Limited together explored the critical role that cross-border payments play in driving the global e-commerce. In the second session moderated by Mr Joseph Chan, the Chairman of Silk Road Economic Development Research Center, Mr Ivan Chan, Co-Founder & COO of Web3.0 Technology Limited, Mr Furuzonfar Zehni, Partner and Portfolio Manager of Fresco Capital, Mr Marco Lim, Web3 Partner of Solowin Holdings and Professor James Lei, Secretary General of the Institute of Web3.0 Hong Kong joined the session and delved into the development and implementation of Web 3.0 in Hong Kong, the challenges facing, and the strategies employed to navigate through them.

The organizers have been consistently holding BRI forums on specialized topics related to global BRI development trends since 2017, as one of the leading pioneers in promoting BRI and Hong Kong’s commitment in integrating into the overall development of mainland China.

 

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SOURCE Silk Road Economic Development Research Center

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Hyundai Motor Connects with Next Generation of Football Fans through ‘Hyundai NEXT Cup Tour’ on ‘Top Eleven’

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Hyundai Motor, together with Nordeus, launches the ‘Hyundai NEXT Cup Tour,’ an immersive in-game event on the popular mobile football management game ‘Top Eleven: Be a Football Manager’The campaign builds on Hyundai Motor’s 25+ year history in football, extending its presence beyond physical stadiums to connect with digital-native generations (Gen Z and Gen Alpha)The event integrates Hyundai Motor’s strategic vehicle models into a 10-nation virtual tour, reinterpreting their unique features as in-game football skillsThis collaboration marks Hyundai Motor’s expansion into the tactical football management genre, moving beyond traditional racing game partnerships

SEOUL, South Korea, April 22, 2026 /PRNewswire/ — Hyundai Motor Company today announced the launch of the ‘Hyundai NEXT Cup Tour,’ a new in-game event in ‘Top Eleven: Be a Football Manager‘, one of the world’s most popular mobile football management games.

Running from April 23–May 2, the event coincides with Top Eleven’s 16th Anniversary season, leveraging a period of peak player engagement. As football fandom continues to evolve, Hyundai Motor has been exploring new ways to connect with fans across different environments and moments — from shared live experiences to more personal, digital-first forms of engagement. Rather than simply branching into new genres, the initiative broadens the football experience beyond physical venues — creating a vibrant space for fans to connect with the sport anytime, anywhere.

“For more than 25 years, football has been a powerful platform for Hyundai to connect with people worldwide. With the ‘Hyundai NEXT Cup Tour’ in Top Eleven, we are opening a new chapter by translating the energy and strategy of the game into an interactive experience. This collaboration feels native to digital-first audiences and reflects how the next generation engages with the sport they love.” – Sungwon Jee, Executive Vice President and Global Chief Marketing Officer at Hyundai Motor Company

“Hyundai Motor has, for years, been at the intersection of football and some of the world’s most celebrated brands, so welcoming them to the Top Eleven touchline is an exciting milestone. As the game approaches its 16th anniversary of delighting football fans worldwide, bringing this event to life at such a thrilling moment for football, together with Hyundai Motor, reflects Top Eleven’s commitment to continuously finding new ways to deliver unique, evergreen football stories for fans.” – Marko Jevtic, Executive Vice President at Nordeus

What is the ‘Hyundai NEXT Cup Tour’?

‘Hyundai NEXT Cup Tour’ invites Top Eleven players to manage their club through a series of 10 sequential missions across the world. The virtual tour begins in Indonesia and travels through 10 of Hyundai Motor’s key global markets, culminating in the United States, mirroring the brand’s story of global growth. This structure allows the brand to deliver high-impact engagement that connects with the game’s core loop of strategy, progression and decision-making.

How Does the In-Game Integration Work?

Rather than a one-way advertising exposure, the event seamlessly integrates Hyundai Motor’s flagship vehicle models into the player’s strategic journey. Each of the 10 tour stops features a locally representative model, with the vehicle’s unique selling proposition reinterpreted as an in-game football activity.

For example, IONIQ 5’s ultra-fast charging is framed as keeping a team’s condition high during a packed schedule, while INSTER’s blend of speed and compactness positions it well for reacting at a moment’s notice with velocity and agility. Players who progress through the in-game missions can earn exclusive, limited-edition Hyundai-branded in-game items, including a team jersey and an emblem.

This initiative reflects Hyundai Motor’s commitment to evolving its brand experience for digital natives, carrying the energy, unity and inspiration of sport into the next generation of gaming experiences.

More information about Hyundai Motor and its products can be found at:
https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai

 

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SOURCE Hyundai Motor Company

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SK hynix Announces 1Q26 Financial Results

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Reports revenues of 52.5763 trillion won, operating profit of 37.6103 trillion won, net profit of 40.3459 trillion wonRecord-high quarterly performance driven by increased sales of high value-added products from strong AI demandBy launching advanced products, the company will try to address growing market demand in the looming agentic AI eraCompany to secure both stable supply and robust financial conditions through investment aligned with demand

SEOUL, South Korea, April 22, 2026 /PRNewswire/ — SK hynix Inc. (or “the company”, www.skhynix.com) announced today that it has recorded 52.5763 trillion won in revenues, 37.6103 trillion won in operating profit (with an operating margin of 72%), and 40.3459 trillion won in net profit (with a net margin of 77%) in the first quarter.

Revenue surpassed 50 trillion won for the first time on a quarterly basis, while operating profit and operating margin reached record highs at 37.6 trillion won and 72%, respectively[1]. Operating profit has nearly doubled compared to the previous quarter, clearly demonstrating an improving profitability.

[1] 4Q2025 Revenue: 32.8267 trillion won / 4Q2025 Operating Profit: 19.1696 trillion won

SK hynix noted that despite the fact that first quarter is typically a seasonal downturn, strong demand persisted due to expanded investments in AI infrastructure. The company sustained its upward performance trend by increasing sales of high-value-added products, including HBM, high-capacity server DRAM modules, and eSSDs.

Building on this strong performance, the company’s cash and cash equivalents at the end of the first quarter increased by 19.4 trillion won from the previous quarter, reaching 54.3 trillion won. Meanwhile, interest bearing debt stood at 19.3 trillion won down 2.9 trillion won from the previous quarter, enabling the company to reach a net cash position of 35 trillion won.

The company analyzed that as AI evolves from large model training to the stage of agentic AI, which repeatedly performs real-time inference across various service environments, the foundation for memory demand is expanding across both DRAM and NAND flash.

SK hynix also predicted that the spread of memory efficiency technologies will enhance the economic viability of AI services, leading to an expansion of the overall service scale and further drive memory demand. Based on this, the company forecasted that favorable pricing conditions will continue for both DRAM and NAND flash.

To meet this demand, the company, plans to continue rolling out new products across both DRAM and NAND flash to address the diversifying memory demand.

Regarding HBM, the company will further strengthen its capabilities, encompassing performance, yield, quality, and supply stability. In DRAM, the company will fully ramp up the shipment of LPDDR6, which applied 1cnm process, or the sixth-generation of the 10-nanometer technology, for the world’s first time, and the 192GB SOCAMM2, which is based on the same process and began mass production this month.

For NAND flash, the company will flexibly address AI demand with CTF[2] based 321-layer QLC[3] cSSD ‘PQC21’, and eSSD lineup of high-performance TLC and high-capacity QLC. Especially, by leveraging synergies with Solidigm, which holds strengths in high-capacity QLC eSSDs, the company plans to strengthen its competitiveness in the AI data center and AI PC storage markets.

[2] Charge Trap Flash (CTF): Unlike floating gate, which stores electric charges in conductors, CTF stores electric charges in insulators, which eliminates interference between cells, improving read and write performance while reducing cell area per unit compared to floating gate technology.

[3] Quad-level cell (QLC): NAND flash is categorized as single-level cell (SLC), multi-level cell (MLC), triple-level cell (TLC), QLC, and penta-level cell (PLC) depending on how many data bits can be stored in one cell. As the amount of information storage increases, more data can be stored in the same volume.

Meanwhile, SK hynix emphasized that within the environment where customer demand exceeds supply capacity, securing stable supply capability to meet the structural demand growth of the AI era has emerged as a key competitive advantage.

Accordingly, the company explained that this year’s investment scale will increase significantly compared to the previous year, focusing on the ramp-up of M15X, infrastructure preparation on the Yongin cluster, and securing key equipment such as EUV.

The company highlighted that it will secure both stable supply and robust financial conditions through investment aligned with demand and will strategically expand production bases to proactively respond to long-term demand growth.

1Q26 Financial Results (K-IFRS)

*Unit: Billion KRW

1Q26

QoQ

YoY

4Q25

Change

1Q25

Change

Revenues

52,576.3

32,826.7

60 %

17,639.1

198 %

Operating Profit

37,610.3

19,169.6

96 %

7,440.5

405 %

Operating Margin

72 %

58 %

14%P

42 %

30%P

Net Income

40,345.9

15,246.0

165 %

8,108.2

398 %

 

※ Financial information of the earnings is based on K-IFRS

※ Please note that the financial results discussed herein are preliminary and speak only as of April 23, 2026. Readers should not assume that this information remains operative at a later time.

Disclaimer

This material has been prepared by the Company for informational purposes only, and the information contained herein has not undergone any separate, independent verification process. No representations or warranties are made regarding the fairness, accuracy, or completeness of the information contained in this material, and such information should not be relied upon. Neither the Company nor its employees bear any civil, criminal, or administrative liability for any damages arising from this material or from its use.

Review of the FY2026 Q1 financial results has not been finalized. Figures in this earnings release are subject to changes during the independent auditing process.

All financial information contained in this document is based on consolidated K-IFRS.

This material contains forward-looking statements which can be subject to certain risks and uncertainties that could cause actual results to differ materially.

This material does not constitute a solicitation for the acquisition or purchase of securities, and no part of this material should serve as the basis for any contract, agreement, or investment decision, nor should it be relied upon in connection therewith.

About SK hynix Inc.

SK hynix Inc., headquartered in Korea, is the world’s top tier semiconductor supplier offering Dynamic Random Access Memory chips (“DRAM”) and flash memory chips (“NAND flash”) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxembourg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.

 

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SOURCE SK hynix Inc.

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RhythMedix Launches Next-Generation RhythmStar® SL Cardiac Monitor

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Advancing Remote Cardiac Monitoring with Faster Insights, Greater Comfort, and Seamless Connectivity

MOUNT LAUREL, N.J., April 22, 2026 /PRNewswire/ — RhythMedix, LLC (RhythMedix), a nationwide U.S.-based cardiac monitoring company, today announced the launch of its next-generation RhythmStar® SL cardiac monitoring wearable. The third-generation design significantly enhances the patient experience, improving comfort, wearability, and patient adherence. These advancements are enabled by a compact lead configuration, waterproof IPX-6 rating, and increased battery life.

RhythmStar continues to differentiate through its built-in cellular connectivity, enabling ECG data to be automatically transmitted to the cloud for seamless, prompt review across all monitoring modes – without requiring device return by mail for data processing.

When paired with the company’s proprietary Augmented Arrhythmia Intelligence™ (AAI), RhythmStar SL delivers precise arrhythmia detection by combining advanced algorithms with a multi-layered data review process.

“RhythmStar represents our commitment to delivering a better way to monitor, one that prioritizes both patient comfort and clinical performance,” said Brian Pike, CEO of RhythMedix. “By combining a more wearable design with seamless data transmission and expert review, we’re helping clinicians access the insights they need, when they need them.”

“RhythMedix is taking a truly visionary approach to cardiac monitoring by combining patient-friendly design with advanced technology and expert oversight, helping clinicians make more confident, timely decisions,” stated George Shaw, MD, Electrophysiologist at AHN Allegheny Health Network. “It’s a meaningful step forward in how we deliver and manage cardiac care.”

With over 2 million hearts monitored to date, RhythMedix continues to advance remote cardiac monitoring through technology designed to improve both patient adherence and clinical workflow. The company will be exhibiting at HRS 2026 (Booth #531), including in-booth discussions with leading electrophysiologists.

About RhythMedix

Founded in 2013 and headquartered in Mount Laurel, New Jersey, RhythMedix is a fully integrated cardiac monitoring company providing end-to-end device manufacturing, software development, and 24/7 U.S.-based monitoring services. With no third-party dependence, RhythMedix delivers a seamless and secure remote cardiac monitoring experience for clinics, health systems, and patients nationwide.

To learn more, visit rhythmedix.com.

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SOURCE RHYTHMEDIX

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