TAIAN, China, Aug. 14, 2024 /PRNewswire/ -- Recently, State Grid Tai'an Power Supply Company organized staff to conduct electricity inspections at the Changtong 6 million core kilometer optical cable intelligent manufacturing project in Xintai City, Tai'an City. After Changtong Optical Cable is completed and put into operation in early 2023, Tai'an has officially achieved the integrated development of the entire industry chain of optical rods, optical fibers, and optical cables, becoming the only "rod fiber cable" integrated complete industrial base in North China.
A complete high-tech industrial chain is an important guarantee for the high-quality development of local economy. The local government has traced the upstream projects of the industrial chain and traced the downstream projects of the industrial chain, focusing on the development of new quality productivity. The three forces of "point", "group" and "chain" are working together, and multiple supply chain enterprises have been introduced. To continuously stimulate the potential for economic development by focusing on expanding new quality productivity enterprises such as high-end equipment manufacturing, fine chemicals, new energy vehicles, and optoelectronic technology.
State Grid Tai'an Power Supply Company adheres to reform and innovation, fully serves local new quality productivity projects, practices the service concept of "letting electricity wait for development, not letting development wait for electricity", plans and layouts ahead, shifts the service gateway forward, and provides proactive and unconditional "grid based" guarantee services for a group of high-tech enterprises such as Huaneng Tai'an Optoelectronics Technology and Changtong Optical Fiber Cable. It formulates a "one enterprise, one policy" power supply service guarantee plan, establishes energy consumption models for enterprises based on user profiles, regularly organizes staff to conduct safety inspections in enterprise transformer rooms, distribution rooms, and production workshops, timely discovers and eliminates existing safety hazards, guides enterprises to use electricity safely and scientifically, and increases the inspection frequency of transmission and distribution lines and public equipment to ensure the safety and reliability of power supply.
State Grid Tai'an Power Supply Company insists on serving the high-quality development of local economy, continuously increasing investment in power grid construction, fully leveraging the role of power pioneers, and acting as the "electricity manager" of the enterprise with practical actions, providing solid and reliable power supply guarantee for the development of local new quality productivity.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
State Grid Tai'an Power Supply Company: Moving the Power Supply Service Gateway Forward to Support the Development of New Quality Productivity
TAIPEI, Oct. 8, 2024 /PRNewswire/ -- Cathay United Bank won worldwide recognition once again for its superb asset management services. At the Triple A Private Capital Awards 2024, held by The Asset, an internationally reputed financial magazine, in Hong Kong on September 23, the Bank took home awards for the "Best Wealth Manager", the "Best Bank for Investment Solutions, Equity", the "Best Private Bank - HNWIS", and the "Best Private Bank".
Cathay United Bank steadfastly stands by its client-centric approach. By integrating external and internal resources, creating innovative and differentiated products, and establishing market influence, the Bank's achievements in diversity have astounded all. In particular, the bank has seen a double-digit growth in high-net-worth (HNW) customers. In addition, the Bank has been actively aligning itself with the global market. By collaborating with foreign asset management companies, the Bank provides HNW customers with opportunities to invest globally through alternative investment products. Such actions enable customers to diversify risk and strengthen asset quality, consolidating Taiwan's financial influence in the international arena. These accomplishments have elevated Cathay United Bank above its peers to claim the "Best Wealth Manager" award.
Cathay United Bank's remarkable digital transformation achievements in recent years have also achieved critical acclaim. Aside from streamlining its transaction process considerably, the Bank has also developed the Treasury Derivatives Management System (TDMS). The TDMS reduces potential operational risks and streamlines the manual process by automatically sending the manager's quotation requests to the transaction party's quotation system. The TDMS also enhances the quality of stock-linked investment products and improves the speed of inquiries. Consequently, the increased transparency of quotations for equity-linked investments appealed greatly to investors. Integrated with trade management and price evaluation functions, the TDMS was later expanded to include a pricing model for multi-asset complex structured investments, enabling the Bank to provide all-round asset management services - earning the Bank the "Best Bank for Investment Solutions, Equity" award.
Furthermore, Cathay United Bank won the "Best Private Bank" and the "Best Private Bank - HNWIS" awards for the fourth year running. Recognizing the growing demand for alternative investment opportunities among Taiwanese HNW customers, the Bank launched Taiwan's first non-securities investment trust (non-SIT) offshore fund in 2023, enriching the diversity of its alternative investment platforms. Thanks to its investment strategy of "customization, diversification and comprehensiveness", HNW customers can now enjoy world-class financial services without ever having to go abroad. Recognizing that the challenges ahead also present opportunities for growth, Cathy United Bank will persist in diversifying its products and building a comprehensive product planning platform, employing robust asset management strategies to assist customers achieve their financial goals at every stage of their lives.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Cathay United Bank Takes Home 4 Awards From The Asset for Outstanding Advancements
