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Ping An Presents Poverty Alleviation Model at Davos Forum on Sustainable Development

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Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEx:2318; SSE:601318) presented its smart poverty alleviation model and its environmental, social and governance (ESG) management system at the World Economic Forum Annual Meeting 2020 in Davos.

The theme of this year’s Davos Forum is “Stakeholders for a Cohesive and Sustainable World”, with poverty alleviation as one of the key topics. In implementing its poverty alleviation strategy, Ping An has developed various poverty alleviation models for specific industries, such as the Ping An “Poverty Alleviation Insurance Scheme” and the “Hydropower Support Scheme”.

The Ping An “Poverty Alleviation Insurance Scheme” is the first financial poverty alleviation model that leverages insurance innovation to drive industrial development in impoverished areas and accurately connects impoverished households. By implementing the “credit guarantee insurance + interest subsidy” model, risk can be shared with the government and banks, thus lowering the financing threshold for the development of local specific industries and encouraging poor households to increase production and income. To date, this model has already supported 70 projects in 13 provinces, providing poverty alleviation funds of RMB490 million in total, which has increased the annual per capita income of 46,000 low-income people by more than RMB2,000.

China has more than 700 impoverished counties with hydropower resources, but the development of hydropower is restricted due to various reasons such as lack of scale, difficulties in financing, insufficient development capacity and high policy hurdles. By collaborating with multiple hydropower companies under the dual model of “poverty alleviation loan + poverty alleviation corporate bond”, Ping An has built an integrated hydropower poverty alleviation ecosystem that incorporates “infrastructure, energy supply, empowerment and cultivation”, thus turning dormant hydropower resources in rural areas into an advantage for regional development. To date, the “Hydropower Support Scheme” has distributed poverty alleviation funds of RMB3.98 billion and assisted enterprises in hiring more than 2,000 temporary employees, which has benefited 100,000 low-income households.

Regarding financial inclusion, Ping An continues to expand credit channels in order to innovate, develop and introduce differentiated financial inclusion products. It provides “Benefiting Farmers” loans to entrepreneurs in rural areas and offers interest-free loans to female leaders of rural cooperatives in impoverished areas, in order to help women and their families move out of poverty. As of 31 December 2019Ping An had distributed RMB50.65 million in “Benefiting Farmers” loans and funds to rural areas, and directly supported 555 rural households and covered 38 counties. The projects covered a variety of agricultural types such as crop farming, husbandry and forestry.

Currently, Ping An’s “Rural Communities Support” programs have been implemented in 21 provinces or autonomous regions across China, and have provided an accumulated poverty alleviation fund of RMB15.8 billion, upgraded 949 rural clinics, trained 11,175 village doctors, constructed 1,054 Smart Primary Schools, and trained 11,826 village teachers, setting the benchmark for poverty alleviation in China.

Chen Yao, Executive Deputy Director of Ping An’s Poverty Alleviation Office said, “Ping An continues to push the poverty eradication strategy, and has developed an innovative poverty alleviation model which includes ‘education and training, industry cultivation, one product per village, production and sales empowerment’, to further boost smart poverty alleviation in three directions: industry, health care and education in impoverished areas. Ping An will continue to promote smart poverty alleviation, fulfill corporate social responsibilities, foster social harmony and progression, and ensure the long-term sustainable development of the Group.”

In order to join forces within different sectors of society to implement sustainable development, Ping An combines its diversified businesses and promotes refined ESG operations that meet international standards and sets domestic benchmarks. It includes core topics such as a business code of conduct, corporate governance, responsible investment, sustainable insurance, information security, artificial intelligence (AI) governance, sustainable supply chain, and the 2030 United Nations Sustainable Development Goals. By publicly disclosing its policies and commitments in different areas, and with a professional management system to ensure efficient internal and external execution, Ping An has established leadership and influence in ESG area.

Ping An’s ESG development model and achievements have set many industry records and have been recognized by internationally renowned organizations. Ping An is the first asset owner in China to become a signatory to the United Nations-supported Principles for Responsible Investment, the first among A-shares companies to build an all-round ESG management system, and the first to establish an AI-ESG platform in the world. It is also the first asset owner in China to join Climate Action 100+ and the first insurance company in China to be selected for the Dow Jones Sustainability Emerging Markets Index.

 

SOURCE Ping An Insurance Group Ltd.

Artificial Intelligence

TRON Forum collaborates with four major microcontroller manufacturers to hold TRON Programming Contest Using World-Standard Real-Time OS with 5 million JP YEN cash prize

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TOKYO, March 29, 2024 /PRNewswire/ — TRON Forum (Chair: Ken Sakamura, Professor Emeritus of the University of Tokyo) is pleased to announce that four microcontroller manufacturers, Infineon Technologies Japan K.K. (President & CEO: Ikuya Kawasaki), STMicroelectronics K.K. (Country Manager for Japan: Koichiro Takakuwa), NXP Japan K.K. (President & CEO: Masayuki Wajima), and Renesas Electronics Corporation (President & CEO: Hidetoshi Shibata) have collaborated with the Forum to hold TRON Programming Contest from Monday, December 11, 2023 jointly. The initial registration is being accepted now.

This contest is for engineers and students in Japan and overseas to compete in various  fields such as microcontroller applications, middleware, development environments, and tools using a member of TRON real-time OS (RTOS) family, “μT-Kernel 3.0” (*), which is a global standard of small-scale embedded computer systems.
(*) μT-Kernel 3.0 is an RTOS that fully complies with the real-time OS standard “IEEE 2050-2018” (IEEE Standard for a Real-Time Operating System (RTOS) for Small-Scale Embedded Systems) and runs on microcontrollers from various manufacturers.
Using the latest microcomputer boards provided by the manufacturers, contestants will compete in technologies that bring out the characteristics of RTOSs such as real-time performance, power saving, and small memory footprint, as well as development environments and tools that utilize new technologies.
The details of the contest with the total amount of cash prize, five million Japanese yen are at the following URL: https://www.tron.org/programming_contest/
About TRON Forum
TRON Forum was established in 2002 to promote TRON Project. We have been actively conducting activities centered on the T-Engine project, which prepares the development environment for embedded systems, and the operation of Ubiquitous ID Centers such as ucode.
In May 2015, Chair Sakamura received the ITU 150th Anniversary Award together with Bill Gates and others for his advocacy of open architecture TRON, which is the origin of ubiquitous networking and the IoT.
One member of the TRON RTOS family has been adopted as an international standard for real-time operating systems (RTOS) for small-scale embedded systems as 2050-2018 by Institute of Electrical and Electronics Engineers (IEEE), the world’s largest association of its kind and an international standardization organization. In 2023, the project leader, Chair Sakamura, received the IEEE Masaru Ibuka Consumer Technology Award from the IEEE in honor of the late Mr. Ibuka. In addition, the TRON RTOS family received the IEEE Milestone recognition in 2023.
URL: https://www.tron.org 
 
 

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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