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Global Times: Xi returns to Beijing after state visits to three SE.Asian countries

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BEIJING, April 20, 2025 /PRNewswire/ — Chinese President Xi Jinping returned to Beijing on Friday afternoon after wrapping up state visits to Vietnam, Malaysia and Cambodia, the Xinhua News Agency reported on Friday.

During Xi’s first state visits abroad in 2025, lasting from April 14 to 18, the Chinese leader was warmly welcomed by locals, overseas Chinese, and senior officials and leaders of the three neighboring countries.

Upon arrival, the Chinese president’s signed articles were respectively published in local newspapers in the three countries. Reporters also noted that media outlets of Vietnam, Malaysia and Cambodia spoke highly and with anticipation of Xi’s visits. 

Analysts believe that the leader’s visit has yielded fruitful results and holds profound significance, both for pragmatic cooperation in various bilateral fields and for regional stability and development.

They added that close interactions are the vivid practice of the philosophy of China’s neighborhood diplomacy featuring “amity, sincerity, mutual benefit, and inclusiveness” proposed by Xi in 2013, and the guiding principle has continuously advanced China’s relations with neighboring countries.

To date, China has reached consensus on building a community with a shared future with 17 neighboring countries and signed Belt and Road cooperation agreements with 25 of them. China is also the largest trading partner of 18 countries in the region, reflecting their deep and growing interdependence.

Comprehensive outcomes

During Xi’s visit to Vietnam, the two sides signed 45 bilateral cooperation documents, covering areas including connectivity, artificial intelligence, customs inspection and quarantine, agricultural trade, culture and sports, public welfare, human resource development, media, and more. President Xi and Vietnamese leader To Lam also witnessed the launching ceremony of the ChinaVietnam railway cooperation mechanism in Hanoi, Xinhua reported.

A joint statement released in the context of Xi’s state visit to Vietnam on Tuesday said China and Vietnam have agreed to build a more extensive and in-depth all-round cooperation pattern, and accelerate synergy between their development strategies, according to Xinhua.

In Malaysia, his second stop, Xi met with King Sultan Ibrahim and held talks with Prime Minister Anwar Ibrahim. During the talks with Anwar on Wednesday afternoon, Xi said he is ready to work with Anwar to boost the high-level and strategic development of the ChinaMalaysia community with a shared future, Xinhua reported.

Following the leaders’ talks, China and Malaysia exchanged more than 30 bilateral cooperation documents, covering cooperation in areas such as the three global initiatives, digital economy, trade in services, upgrading and development of “two countries, twin parks,” joint laboratories, artificial intelligence, railways, intellectual property rights, agricultural products exports to China, mutual visa exemption and panda conservation, according to Xinhua.

During the Thursday talk with Cambodian Prime Minister Hun Manet in the third leg of his three-nation Southeast Asia tour, the two leaders agreed to build an all-weather ChinaCambodia community with a shared future in the new era, and designated 2025 the China-Cambodia Year of Tourism.

The two countries exchanged more than 30 bilateral cooperation documents covering fields such as production and supply chain cooperation, artificial intelligence, development assistance, customs inspection and quarantine, as well as health and media.

Xu Liping, director of the Center for Southeast Asian Studies at the Chinese Academy of Social Sciences, told the Global Times that under the strategic guidance of head-of-state diplomacy, the latest visits have produced comprehensive and fruitful outcomes.

Xu highlighted the establishment of a ChinaVietnam railway cooperation mechanism, as well as the “2+2” dialogue mechanism on diplomacy and defense with Malaysia and “2+2” foreign and defense ministers dialogue mechanism with Cambodia that was announced during the visit. He was also impressed by the enhanced cooperation in emerging fields such as artificial intelligence and the digital economy.

These achievements, Xu said, mark a new high in political and security cooperation, as well as in building resilient industrial and supply chains in emerging sectors between China and the three Southeast Asian countries.

Li Haidong, a professor at China Foreign Affairs University, told the Global Times that the outcomes of Xi’s visits vividly and effectively embody the vision of a community with a shared future for mankind within the context of China’s neighborhood diplomacy.

The visits have not only tightened multifaceted ties between China and the three countries, but also created a strong spillover effect across the region, Li said. “Deepened cooperation between China and the three Southeast Asian nations is expected to benefit a broader range of neighboring and regional countries.”

Collectively responding to challenges

The state visits by the Chinese leader came against the backdrop of a global tariff war, with Southeast Asian countries, as key links in the global supply chain, suffering a potentially heavy impact from the “reciprocal tariff” policy. Observers noted that in a world of growing turbulence, China’s pursuit of building a new type of international relations based on win-win cooperation rather than “zero-sum” outcomes is increasingly significant, extending the impact of the Chinese leader’s state visits far beyond the scope of bilateral relations.

According to the ChinaVietnam joint statement released in the context of Xi’s state visit to Vietnam, the two countries emphasized the importance of maintaining peace and security in the Asia-Pacific region and agreed to practice open regionalism, it said.

During the meeting with Xi, Anwar said that ASEAN will not endorse any unilaterally imposed tariffs, and will promote collective advancement through cooperation to maintain economic growth.

In Cambodia, when meeting with Hun Manet, Xi said China and Cambodia, important forces in the Global South, should stick to the common values of peace, unity and cooperation, Xinhua reported.

Hun Manet said that China has played a leading role and provided valuable stability to the world. The Cambodian Prime Minister added that Cambodia is willing to strengthen coordination and cooperation with China to safeguard their common interests, per Xinhua.

Xu said, “President Xi’s visits sent a clear signal of strengthening regional cooperation, further solidifying consensus among countries and injecting new momentum into the region’s stability and development.”

Similarly, Li believes that China’s close coordination and cooperation with neighboring countries, along with its positive spillover effects across the region, will enhance confidence among regional and global partners in the future of development.

Liu Ying, a researcher at the Chongyang Institute for Financial Studies, Renmin University of China, said Xi’s state visits will not only promote deeper regional economic and trade development but will also help unite ASEAN and Asian countries to collectively respond to external challenges and play a vital role as a stabilizer and engine for the global economy.

Inheritance of Bandung Spirit

The day the Chinese leader concluded his visit to the three Southeast Asian countries also marked the 70th anniversary of the historic Asian-African Conference, also known as the Bandung Conference. The conference held in Bandung, Indonesia, on April 18 1955, marked the first time that the countries of the Global South united to oppose imperialism and colonialism in defense of their sovereign rights and a more equitable world. Representatives of 29 Asian and African countries proposed the Bandung Spirit with “solidarity, friendship and cooperation” at its core, initiating the Non-Aligned Movement and South-South cooperation, Xinhua reported.

“During his state visits, President Xi repeatedly stressed the importance of unity and cooperation among regional countries, and the need to oppose external interference,” Xu said, “the Bandung Spirit continues to resonate strongly in the current global context.”

Li emphasized that the visits once again demonstrated that China and other Global South countries form a community with a shared future, built on mutual support and solidarity, also with the common aspiration and interest in pursuing development together.

Xi’s visits highlighted the need for closer coordination among developing countries to better safeguard their sovereignty, security, development, and well-being, Li added.

View original content:https://www.prnewswire.com/news-releases/global-times-xi-returns-to-beijing-after-state-visits-to-three-seasian-countries-302433005.html

SOURCE Global Times

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Eddid Financial Honored with “Professional Services Award in RWA” by HKCT Highlighting its Leading Edge in Web3 and Digital Assets

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HONG KONG, May 4, 2026 /PRNewswire/ — Eddid Financial (the “Group”) has won the “Professional Services Award in RWA” at the HKCT Business Awards, hosted by the Hong Kong Commercial Times. The award recognizes the Group’s exceptional professional service capabilities and innovative achievements in the Real-World Assets Tokenisation (“RWA”) sector. This prestigious honor serves as a strong industry endorsement of the Group’s dedicated efforts in the RWA space, affirming its leadership in bridging traditional and digital finance while injecting significant momentum into Hong Kong’s digital asset market.

The HKCT Business Awards evaluates candidates based on four core criteria: corporate achievements, market competitiveness, brand philosophy, and professional standing. As one of the most credible and influential business awards in Hong Kong, it aims to recognize outstanding enterprises across various sectors for their performance over the past year, encouraging companies to continuously enhance their core competitiveness and pioneer innovative economic directions. During this year’s selection process, the judging panel conducted a comprehensive assessment of Eddid Financial’s compliance infrastructure, innovative services, and industry contributions within the RWA sector, highly commending the Group’s professional strength and forward-looking vision in asset tokenisation.

Compliance-Driven: Building a Full-Chain Service Ecosystem

As a licensed pioneer in Hong Kong’s RWA landscape, Eddid Financial has consistently relied on compliance as its foundation and innovation as its driving force. Having deeply cultivated the digital asset space for years, the Group has established a full-chain professional service ecosystem that encompasses asset screening, product design, compliance auditing, and distribution operations. Eddid Securities and Futures, a subsidiary of the Group, became one of the first brokerages in Hong Kong to upgrade its licenses in September 2023. It subsequently secured further upgrades for its Type 1 and Type 9 regulated activity licenses, making it one of the few institutions authorized to distribute tokenised securities and RWA products. This regulatory milestone has laid a solid, compliant foundation for the Group’s RWA business operations.

Successful Launch of Landmark Precious Metal RWA Projects

In terms of practical application, Eddid Financial has actively spearheaded the launch of several landmark RWA projects, setting a new benchmark for the industry. Notably, the Group partnered with Timeless Resources Holdings Limited (8028.HK) and HashKey Chain to introduce Hong Kong’s first silver RWA project. By leveraging blockchain technology to tokenise physical silver assets, each digital coin is backed 1:1 by one ounce of physical silver, strictly held by an independent trustee. This initiative not only lowers the barrier to entry for precious metal investments but also enhances asset liquidity. The project’s product design and issuance framework received a “no further comment” reply from the Hong Kong Securities and Futures Commission (SFC), demonstrating the highest standard of compliance.

Concurrently, the Group has collaborated with CAC Fintech to advance China’s first agricultural RWA project. By converting agricultural products, land management rights, and future agricultural revenue rights into on-chain digital certificates, this project addresses critical pain points such as poor liquidity and low financing efficiency in agricultural assets. Furthermore, it supports the national rural revitalization strategy and explores novel pathways for the innovative integration of agricultural assets with financial markets.

Leading the Upgrade of the Regional RWA Industry

Beyond launching landmark projects, Eddid Financial continues to drive the ecosystem construction and market development of the RWA sector. The Group’s research department published the “Core Guide to RWA: From Basic Theory to Global Practice,” sharing its leading experience in asset tokenisation to help establish industry standards. Simultaneously, the Group has built a tripartite development model encompassing “Technology + Compliance + Ecosystem”. Internally, it has assembled a dedicated fintech team to advance underlying technologies; externally, it connects core stakeholders, including asset holders, investors, and licensed exchanges, to form a comprehensive RWA service ecosystem that provides clients with all-encompassing, one-stop professional services.

Looking ahead, Eddid Financial will continue to leverage its comprehensive licensing advantages, expert service teams, and robust technical support to drive the digital transformation of a diverse range of real-world assets. The Group is committed to delivering highly flexible, efficient, and compliant RWA services to its clients while actively supporting the standardized and international development of Hong Kong’s digital asset market, thereby cementing Hong Kong’s status as a premier global digital finance hub.

View original content:https://www.prnewswire.com/apac/news-releases/eddid-financial-honored-with-professional-services-award-in-rwa-by-hkct-highlighting-its-leading-edge-in-web3-and-digital-assets-302760892.html

SOURCE Eddid Financial

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Elevate Appoints Wade Clark as Chief Growth Officer

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Industry veteran to lead organic growth strategy across Elevate’s national platform

LOS ANGELES, May 3, 2026 /PRNewswire/ — Elevate, a national operator-led accounting and advisory platform, today announced the appointment of Wade Clark as Chief Growth Officer. Clark brings more than 30 years of experience building and leading sales organizations at top U.S. accounting and consulting firms, including Moss Adams (now Baker Tilly), BKD (now Forvis Mazars), Carr Riggs & Ingram, BDO USA, and Ernst & Young.

In this role, Clark will lead organic growth across Elevate’s partner firms, building a unified, data-driven growth function that complements the platform’s active M&A strategy and deepens advisory relationships firmwide.

Most recently, Clark spent nine years at Moss Adams, where he built and scaled the sales coaching function supporting 1,000+ partners, directors, and senior managers across 45 practices in a $1.3 billion firm. Earlier, as Chief Growth Officer at Carr Riggs & Ingram, he built the firm’s first growth function and helped drive revenue from $70 million to $100 million in three years. At BKD, he played a central role in the firm’s expansion from $190 million to $400 million, primarily through organic growth. He is the author of Meaningful Success in Business as well as Simplifying Complex Sales, reviewed by Accounting Today as one of the best books on selling professional services.

“Wade has built and led growth organizations at scale, and he knows what it takes to drive consistent, measurable results across a distributed partnership,” said Sanjay Agarwal, CEO and Founder of Elevate. “As we continue to execute on both M&A and organic growth, Wade’s ability to bring structure, accountability, and rigor to revenue generation will be a meaningful differentiator for our partner firms and their clients.”

“What attracted me to Elevate is the clarity of vision and the commitment to building a true operating platform — not just a collection of firms,” said Clark. “The opportunity to architect a scalable growth engine across a national footprint, alongside partner firms who are already leaders in their markets, is incredibly compelling.”

Clark is based in Houston, Texas, and holds a Bachelor of Business Administration in Marketing from Texas A&M University.

About Elevate

Elevate is a national accounting and advisory platform built by operators. The firm partners with leading CPA firms to provide the technology, infrastructure, and strategic support needed to drive sustainable growth, enhance client service, and unlock long-term value. Elevate’s operator-led model preserves firm autonomy while delivering the scale, talent, and technology of a unified platform.

View original content to download multimedia:https://www.prnewswire.com/news-releases/elevate-appoints-wade-clark-as-chief-growth-officer-302759917.html

SOURCE Elevate LLC

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Meiyume (Group) LTD Achieves EcoVadis Gold Rating for 2026, Reinforcing Commitment to Sustainable Beauty

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HONG KONG, May 4, 2026 /PRNewswire/ — Meiyume (Group) LTD has achieved the EcoVadis Gold rating for 2026, with the company being in the 96th percentile globally and among the top-performing companies for sustainability.

EcoVadis evaluates companies across environment, labour and human rights, ethics, and sustainable procurement. The Gold rating reflects Meiyume’s strong performance and continued commitment to embedding sustainability across its supply chain.

A supplier’s commitment to sustainability is increasingly important to brands, as they work to meet rising regulatory requirements and evolving consumer expectations for transparency and responsible practices. In this landscape, choosing the right partners is essential. Partners like Meiyume play a key role in enabling more responsible, future-ready solutions while helping to strengthen sustainability standards across the supply chain.

A Holistic Sustainability Strategy: Meiyume’s 5Ps Framework

Meiyume’s sustainability approach is guided by its 5Ps framework: Product, Process, Places, People, and Principle, ensuring a comprehensive integration across the business:

Product – Advancing sustainable innovation in formulations and packaging

Process – Strengthening responsible sourcing and supply chain practices

Places – Enhancing operational efficiency and environmental performance

People – Fostering an inclusive and supportive workplace

Principle – Upholding strong governance and compliance standards

Sustainability as an Ongoing Journey

While the EcoVadis Gold rating marks an important milestone, Meiyume views sustainability as an ongoing journey. The company remains committed to strengthening its sustainability performance and supporting beauty and personal care brands in achieving their sustainability goals.

About Meiyume:

Formerly LF Beauty, Meiyume offers end-to-end beauty solutions—packaging, ODM, OEM —grounded in sustainability and insights. Powered by it’s Beauty Intelligence Platform and a global sourcing network, Meiyume brings visions to life with agility, intelligence, and responsibility.

https://meiyume.com/
2/F HK Spinners Industrial Building, Phases I & II, 800 Cheung Sha Wan Road, Kowloon, Hong Kong

SOURCE Meiyume

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