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News Article | October 8, 2016
Site: www.forbes.com

Since 2007, China has loaned $57 billion to Venezuela. Most of the funds in recent years have been disbursed through the China Development Bank (CDB), one of China’s three policy banks. But this year, CDB has yet to supply the South American country with any more money. When it first began pouring money into Venezuela, China’s goal was to capitalize on the country’s resources. And for some time, both countries benefited. Along with the billions in loans, Chinese state-owned enterprises have invested about $2.5 billion a year in Venezuela since 2010. The South American country repaid in oil: It supplied China with millions of barrels a year, amounting to about 5% of China’s total oil imports. Today, things are different. Venezuela is in turmoil. It faces food shortages, power outages, hyperinflation—and oil can’t step in to save the country. Or help it pay China back. Given low oil prices, Venezuela is required to ramp up production in order to reimburse China, but that isn’t what's happening. In 2015, Venezuela was producing 2.62 million barrels of oil a day, about 20% of which were shipped to China. As of August, Venezuela’s oil production has dropped to 2.33 million barrels a day. The state oil company, Petróleos de Venezuela, SA (PDVSA), has failed to compensate producers of crude oil due to a shortage of funds. China, like other creditors, is rightly concerned that Venezuela will default on its existing loans. It still owes China $20 billion. The Wall Street Journal says that representatives from Chinese state-owned enterprises held "emergency meetings" with China’s envoy in Caracas to discuss the debt situation earlier this year. According to four officials, the message was a reluctance to invest. Data shows Chinese companies have only invested $300 million in the country in the first half of 2016. This has led to reports speculating that China will no longer lend money the Latin American country, though there has been no confirmation of such a move by official Chinese statements. In fact, China has expressed confidence in Venezuelan President Nicolás Maduro and has negated rumors circulating in the media that a Chinese government official met with the opposition party (confirmed by a Venezuelan opposition party member) to negotiate debt terms in the case of a failed Venezuelan presidency. It is in talks with the South American country to extend repayment and has committed to providing Venezuela with almost 7,000 vehicles to distribute food and medicine this year. China also sent 96 tons of medicine in May in order to build up the pharmaceutical sector. According to Venezuelan Vice President for Planning Ricardo Menendez, 131 projects have recently been undertaken in Venezuela with Chinese investment. He emphasized long-term ties between the two countries and said, "we are creating a 10-year plan, so that speaks to the confidence from both sides and the strength of this relationship." Matt Ferchen, head of the China and the Developing World Program at the Carnegie–Tsinghua Center for Global Policy in Beijing, echoes that statement: “Despite the various dysfunctions in the current China-Venezuela economic and diplomatic relationship, Chinese officials and businesspeople want to maintain long term ties. If for no other reason than Venezuela's huge oil reserves and China's continuing need for diverse oil trade partners." The bigger question then, according to Ferchen, "is not the desire or even the logic of maintaining these commercial and diplomatic relations in the long run, but how China can work with Venezuela and possibly other countries and institutions in the near term to put Venezuela back on a more sustainable path toward better economic and political governance.” It sounds like China has a long road ahead of itself, but at least it will be paved with oil. Follow me on Twitter, at @SaraHsuChina.


News Article | February 23, 2017
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Feb. 23, 2017) - Cordoba Minerals Corp. (TSX VENTURE:CDB)(OTCQX:CDBMF) ("Cordoba" or the "Company") and its joint-venture partner, High Power Exploration Inc. ("HPX"), a private mineral exploration company indirectly controlled by mining entrepreneur Robert Friedland's Ivanhoe Industries, LLC, are pleased announce that Cordoba has been named to the 2017 TSX Venture 50, a ranking of top performers on the TSX Venture Exchange over the last year. Each year, the ranking showcases TSXV-listed companies that have shown notable results in key measures of market performance. The companies included in the 2017 TSX Venture 50 were selected based on three equally weighted criteria: market capitalization growth, share price appreciation and trading volume. Mario Stifano, President and CEO of Cordoba, commented: "Being named to the TSX Venture 50 is a reflection of the outstanding work by our team of explorationists whose efforts during the past year contributed to a series of notable copper and gold discoveries at our San Matias Project in Colombia. We are aggressively following up on last year's exploration successes at San Matias with three drill rigs testing new high-priority targets." A video produced by the TSX Venture Exchange to mark Cordoba's achievement is available to view at www.tsxventure50.com. Cordoba also was named to the 2017 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market in 2016. HPX is a privately owned, metals-focused exploration company deploying proprietary in-house geophysical technologies to rapidly evaluate buried geophysical targets. The HPX technology cluster comprises geological and geophysical systems for targeting, modelling, survey optimization, acquisition, processing and interpretation. HPX has a highly experienced board and management team led by Co-Chairman and Chief Executive Officer Robert Friedland, President Eric Finlayson, a former head of exploration at Rio Tinto, and co-chaired by Ian Cockerill, a former Chief Executive Officer of Gold Fields Ltd. For further information, please visit www.hpxploration.com. Cordoba Minerals Corp. is a Toronto-based mineral exploration company focused on the exploration and acquisition of copper and gold projects in Colombia. Cordoba has a joint venture with High Power Exploration on the highly prospective, district-scale San Matias Copper-Gold Project located at sea level with excellent infrastructure and near operating open-pit mines in the Department of Cordoba. For further information, please visit www.cordobaminerals.com. ON BEHALF OF THE COMPANY Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.


TORONTO, ONTARIO--(Marketwired - Nov. 10, 2016) - Cordoba Minerals Corp. (TSX VENTURE:CDB)(OTCQX:CDBMF) ("Cordoba" or the "Company") announced today that High Power Exploration Inc. ("HPX"), a private mineral exploration company indirectly controlled by mining entrepreneur Robert Friedland's Ivanhoe Industries, LLC, has completed Phase two of the Joint Venture Agreement ("JV Agreement") and has now earned a 51% interest in the San Matias Copper-Gold Project ("San Matias", or "San Matias Project") in Colombia. HPX has earned its 51% interest in the project by spending a cumulative total of C$19 million in exploration expenditures. Phase Three of the Joint Venture Agreement has now commenced. HPX can increase its ownership in the San Matias Project to 65% by completing a Feasibility Study on the project. Mario Stifano, President and CEO of Cordoba, commented: "We are pleased that our partner HPX has committed to moving the highly prospective San Matias Copper-Gold project to the feasibility stage as we continue with our aggressive exploration program." The San Matias Copper-Gold Project comprises a 20,000-hectare land package on the inferred northern extension of the richly endowed Mid-Cauca Belt in Colombia. The project contains several known areas of porphyry copper-gold mineralization, copper-gold skarn mineralization and vein-hosted, gold-copper mineralization. Porphyry mineralization at the San Matias Project incorporates high-grade zones of copper-gold mineralization hosted by diorite porphyries containing secondary biotite alteration and various orientations of sheeted and stockwork quartz-magnetite veins with chalcopyrite and bornite. The copper-gold skarn mineralization at Alacran is associated with stratabound replacement of a marine volcano-sedimentary sequence. The nature of mineralization encountered at San Matias is similar to other large high-grade copper-gold deposits. HPX is a privately owned, metals-focused exploration company deploying proprietary in-house geophysical technologies to rapidly evaluate buried geophysical targets. The HPX technology cluster comprises geological and geophysical systems for targeting, modelling, survey optimization, acquisition, processing and interpretation. HPX has a highly experienced board and management team led by Co-Chairman and Chief Executive Officer Robert Friedland, President Eric Finlayson, a former head of exploration at Rio Tinto, and co-chaired by Ian Cockerill, a former Chief Executive Officer of Gold Fields Ltd. For further information, please visit www.hpxploration.com. Cordoba Minerals Corp. is a Toronto-based mineral exploration company focused on the exploration and acquisition of copper and gold projects in Colombia. Cordoba has a joint venture with High Power Exploration on the highly prospective, district-scale San Matias Copper-Gold Project located at sea level with excellent infrastructure and near operating open-pit mines in the Department of Cordoba. For further information, please visit www.cordobaminerals.com. ON BEHALF OF THE COMPANY Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. This news release includes certain "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the potential of the Company's properties are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements which speak only as of the date of this news release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


PaymentComponents Ltd Announces It's Partnering with Infosistema for the Iberia Region PaymentComponents Ltd proudly announces the establishment of a strategic partnership with Infosistema for the Iberia region. This partnership will, among others, empower Banks, in Portugal & Spain, to become PSD2 compliant in record time! London, United Kingdom, February 12, 2017 --( The solutions initially offered will include: - aplonAPI ™ API Management Framework – a complete, PSD2 compliant, API solution, enabling the agile deployment of BaaP & BaaS services. aplonAPI, enables Financial Institutions to rapidly build, manage & distribute APIs and comes with PSD2 support out of the box. - aplonCASH ™ Treasury Management System (TMS) – allowing corporates to easily aggregate their banking relationship & transform their Treasury Department to a Profit Center The upcoming advent of PSD2, in January 2018, will drive major structural changes, in the ways consumers and companies interact with Banks. Infosistema and PaymentComponents are front runners, in empowering banks & corporates, successfully navigate the new business models & rapidly respond to new opportunities arising. For more information, you can contact Abel Camelo, Abel.Camelo@infosistema.com from Infosistema and Zoi Kioustelidou, zoi.k@paymentcomponents.com from PaymentComponents. About PaymentComponents PaymentComponents Ltd is a catalyst, empowering FinTech Innovation in Financial Institutions, Corporates and FinTechs. Operational since 2006 & incorporated in London in 2014, as a spinoff of a 25-year-old Financial Software development company (Datamation), PaymentComponents is a unique amalgam, bonding deep Financial Services understanding, expertise in developing mission critical Financial systems and the latest trends in FinTech innovation. Our aplonAPI ™ API Framework provides a complete, PSD2 compliant, solution for Financial Institutions, to actively participate in the FinTech (R)evolution. It empowers the creation, testing & growth of Platform Based services & fosters the collaboration with the rapidly growing FinTech community. Through treasury management systems, automated payments & reconciliation solutions, we provide a hassle-free path to FinTech benefits, for Corporates. Via software components, support and know-how, we enable Rapid & Agile development of SWIFT & SEPA compliant FinTech applications worldwide. We remain committed, to actively assisting our clients reap the benefits of the FinTech (R)evolution! We are trusted by Computer Associates, JPMorgan, Citigroup, Pictet, Credit Suisse, Bank of Cyprus, Hellenic Bank, CDB & Ancoria among others. For more information, http://www.paymentcomponents.com/ | Twitter @paymentcomp | LinkedIn PaymentComponents About Infosistema Infosistema acts in Technology and business consulting for Banking and Insurance sectors, Industry and public administration, developing Business Portals, BPM, Workflow and Integration solutions. With over 20 years of experience, projects in more than 8 countries and more than 120 Team members with more than 200 technical certifications, as in project management (PMP), we claim ourselves as an agile, flexible and innovative company capable of providing value to the most challenging and demanding needs of our customers. Infosistema is a member of the recently created Joyn Group. Joyn Group operates in IT Consultancy and Integration, Outsourcing, Service Design and foster innovation through Joyn Ventures. During the last three years the CAGR is over 50% and has now over 270 employees. For more information, http://www.infosistema.com/| Twitter @InfosistemaSA | Facebook Infosistema | LinkedIn Infosistema London, United Kingdom, February 12, 2017 --( PR.com )-- Starting from February 2017, Infosistema is the exclusive partner / reseller for the solutions developed by PaymentComponents in Portugal & Spain.The solutions initially offered will include:- aplonAPI ™ API Management Framework – a complete, PSD2 compliant, API solution, enabling the agile deployment of BaaP & BaaS services. aplonAPI, enables Financial Institutions to rapidly build, manage & distribute APIs and comes with PSD2 support out of the box.- aplonCASH ™ Treasury Management System (TMS) – allowing corporates to easily aggregate their banking relationship & transform their Treasury Department to a Profit CenterThe upcoming advent of PSD2, in January 2018, will drive major structural changes, in the ways consumers and companies interact with Banks.Infosistema and PaymentComponents are front runners, in empowering banks & corporates, successfully navigate the new business models & rapidly respond to new opportunities arising.For more information, you can contact Abel Camelo, Abel.Camelo@infosistema.com from Infosistema and Zoi Kioustelidou, zoi.k@paymentcomponents.com from PaymentComponents.About PaymentComponentsPaymentComponents Ltd is a catalyst, empowering FinTech Innovation in Financial Institutions, Corporates and FinTechs.Operational since 2006 & incorporated in London in 2014, as a spinoff of a 25-year-old Financial Software development company (Datamation), PaymentComponents is a unique amalgam, bonding deep Financial Services understanding, expertise in developing mission critical Financial systems and the latest trends in FinTech innovation.Our aplonAPI ™ API Framework provides a complete, PSD2 compliant, solution for Financial Institutions, to actively participate in the FinTech (R)evolution. It empowers the creation, testing & growth of Platform Based services & fosters the collaboration with the rapidly growing FinTech community.Through treasury management systems, automated payments & reconciliation solutions, we provide a hassle-free path to FinTech benefits, for Corporates.Via software components, support and know-how, we enable Rapid & Agile development of SWIFT & SEPA compliant FinTech applications worldwide.We remain committed, to actively assisting our clients reap the benefits of the FinTech (R)evolution!We are trusted by Computer Associates, JPMorgan, Citigroup, Pictet, Credit Suisse, Bank of Cyprus, Hellenic Bank, CDB & Ancoria among others.For more information, http://www.paymentcomponents.com/ | Twitter @paymentcomp | LinkedIn PaymentComponentsAbout InfosistemaInfosistema acts in Technology and business consulting for Banking and Insurance sectors, Industry and public administration, developing Business Portals, BPM, Workflow and Integration solutions.With over 20 years of experience, projects in more than 8 countries and more than 120 Team members with more than 200 technical certifications, as in project management (PMP), we claim ourselves as an agile, flexible and innovative company capable of providing value to the most challenging and demanding needs of our customers.Infosistema is a member of the recently created Joyn Group.Joyn Group operates in IT Consultancy and Integration, Outsourcing, Service Design and foster innovation through Joyn Ventures. During the last three years the CAGR is over 50% and has now over 270 employees.For more information, http://www.infosistema.com/| Twitter @InfosistemaSA | Facebook Infosistema | LinkedIn Infosistema Click here to view the list of recent Press Releases from Payment Components


Meituan-Dianping, China’s largest group deals site, confirmed that it has closed a colossal $3.3 billion round at a valuation of $18 billion. The company claims that this is the largest single funding round ever raised by a venture-backed Internet startup in China. Backers include returning investor Tencent, one of China’s top Internet companies; DST Global; TBP Capital, Canada Pension Plan Investment Board, Baillie Gifford, CDB Kai Yuan Capital Management; Capital Today; and Temasek Holdings. Merchant bank China Renaissance served as the financial adviser for the round. Meituan-Dianping’s current valuation puts it at No. 5 on CrunchBase’s unicorn leaderboard, behind Uber, Xiaomi, Airbnb and Palantir Technologies, and just ahead of Chinese taxi app Didi Kuaidi, which is also backed by Tencent and Temasek Holdings. The joint company was formed last October when competitors Meituan and Dianping announced a merger. It claimed 170 billion RMB ($25.84 billion) in gross merchandise volume (or the value of merchandise sold online) last year and currently serves about 150 million monthly active users who place about 10 million orders each day. Meituan and Dianping, which still operate as independent brands, were the strongest contenders in China’s group buying wars, when up to 5,000 Groupon clones struggled against one another before consumer interest in group buying sites started to dwindle around 2011. Meituan and Dianping, however, both benefited from the support of China’s top Internet companies. Tencent invested in Dianping, while Chinese e-commerce leader Alibaba backed Meituan (it sold its $1 billion stake after the merger). Both also offer a wider array of services than group discounts–Dianping specializes in restaurant orders, and both offer a wide array of services, including ticket bookings, travel reservations, and wedding services. While the two companies may have been originally founded to replicate Groupon, Meituan-Dianping has emerged as the largest player in China’s online-to-offline (O2O) market. O2O, which is a catch-all term for strategies that encourage more consumers in brick-and-mortar outlets to shop online (or vice versa), is important for Chinese Internet companies that want to grow their mobile businesses because most transactions are enabled by smartphones. O2O encompasses a wide array of products and services, ranging from group buying, ticket booking and online ordering from physical businesses to mobile payments and taxi hailing. According to China’s State Council, the O2O market was worth 305 billion yuan ($48 billion) in the first-half of 2015, a 80 percent year-over-year increase. Competition among O2O companies is fierce and many offer deep discounts of up to 60 percent in order to undersell rivals. Meituan and Dianping’s merger means that the two are no longer engaged in a price war, but as the funding shows, maintaining its position in the O2O market still requires a huge amount of capital.


ZHUHAI, China, 08-Nov-2016 — /EuropaWire/ — CDB Leasing has selected CFM LEAP-1A engines to power 100 percent of its first batch of next generation single-aisle aircraft orders. The firm engine order is valued at $1.26 billion U.S. at list price and deliveries are scheduled between 2018 and 2021. “We believe our customers will benefit greatly from operating the highly efficient, reliable LEAP-1A engines,” said the president of CDB Leasing. “What we have seen of the engine’s performance in commercial service so far has given us great confidence that it is the right engine for our new single aisle aircraft and will provide the operating economics our customers expect, that will substantially reduce emissions which is consistent with CDB Leasing’s Green Growth core value.” “We are so pleased by CDB Leasing’s trust in our products and service,” said Jean-Paul Ebanga, president and CEO of CFM International. “CFM is committed to providing  our best support to our operators and leasing company customers, to support their goals of providing passengers with the highest quality air travel.” The LEAP-1A engine entered commercial service on August 2, 2016.  A total of 10 aircraft have been delivered to date and the in-service fleet has logged nearly 3,000 flights to date.  The engine is delivering the promised 15 percent improvement in fuel efficiency, along with an equivalent reduction in CO2 emissions; a 50 percent margin to new emissions regulations; a dramatically lower noise signature; and CFM’s industry-leading reliability and low overall operating costs. About China Development Bank Financial Leasing Co., Ltd. Founded in 1984, China Development Bank Financial Leasing Co., Ltd. (CDB Leasing) was one of the first leasing companies in the PRC and one of the first CBRC-regulated leasing companies and the first IPO financial leasing company in China. CDB Leasing is the sole leasing business platform and one of the key strategic business segments of CDB, dedicated to providing comprehensive leasing services to high-quality customers.   The company owns and manages more than 400 aircraft and ranks as one of the world’s Top 10 aviation leasing companies. About CFM International LEAP-1A engines are a product of CFM International, a 50/50 joint company between GE and Safran Aircraft Engines and the world’s leading supplier of commercial aircraft engines.  To date, the company has garnered orders and commitments for more than 11,500 LEAP engines, making it the fastest-selling engine in aviation history.  For more information concerning CFM, visit us on the Web at www.cfmaeroengines.com or follow us on Twitter @CFM_engines


News Article | March 2, 2017
Site: www.businesswire.com

DUBLIN--(BUSINESS WIRE)--CDB Aviation Lease Finance (“CDB Aviation”), a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced today the delivery of one new Airbus A320-200neo aircraft to Scandinavia’s largest airline, SAS. The aircraft represents CDB Aviation’s first delivery of a total of six A320-200neos as part of a sale and leaseback transaction with the flag carrier. "We are delighted to conclude our first deal with SAS. We admire the great work the team at SAS are doing,” commented CDB Aviation Chief Commercial Officer Patrick Hannigan. “CDB Aviation has ambitious growth plans and looks forward to doing more business with SAS." Niklas Hårdänge, SAS VP Fleet Management, commented, “We are very happy to welcome CDB Aviation as a new partner supporting the introduction of the Airbus A320-200neo into our fleet. We look forward to working with the CDB Aviation team going forward.” CDB Aviation Lease Finance (“CDB Aviation”) is a wholly owned wholly owned Irish subsidiary of China Development Bank Financial Leasing Co LTD (CDB Leasing) a 33-year-old Chinese leasing company that is backed mainly by the China Development Bank. China Development Bank is under the direct jurisdiction of the State Council of China and is the world’s largest development finance institution. It is also the largest Chinese bank for foreign investment and financing cooperation, long-term lending and bond issuance, enjoying Chinese sovereign credit rating. CDB Leasing is the only leasing arm of the China Development Bank and a leading company in China’s leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and enjoys Chinese sovereign credit rating. It took an important step in July 2016 to globalize and marketize its business – listing on the Hong Kong Stock Exchange (HKEX stock code:1606).


News Article | February 23, 2017
Site: www.businesswire.com

DUBLIN--(BUSINESS WIRE)--CDB Aviation Lease Finance (“CDB Aviation”), a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced today the delivery of one new Boeing 737-800 aircraft to a Chinese carrier, Shandong Airlines. The 737-800 represents the carrier’s eighth aircraft on lease from CDB Aviation and signifies the 100th Next Generation aircraft added to the growing fleet of the Jinan, Shandong-based airline. Peter Chang, CDB Aviation President & Chief Executive Officer, commented: “We are very pleased to deliver this new Boeing aircraft to our long-term partner Shandong Airlines which will further strengthen the carrier’s route network and provide valuable operational flexibility. CDB Aviation remains steadfast in our continued growth efforts and commitment to broadening our offering to provide airline customers in all markets around the world with the most comprehensive leasing services.” Mr. MIAO Liubing, General Manager of Shandong Airlines commented: "We are very delighted to partner again with CDB Aviation on our development path to expand our 737 fleet. The lease of this 737-800 is a significant milestone for us and will help us continue to strengthen our market share in China. We expect to continue this long-term partnership with CDB Aviation into the future.” The news follows recent appointments of key executives to CDB Aviation’s leadership team as part of a new strategic direction in positioning the company as a leading global aviation leasing business. Chang added that “CDB Aviation will soon make another major announcement of additional industry heavyweights to join its management team as the company accelerates momentum in executing on its strategy to innovate and benefit its airline customers globally.” CDB Aviation Lease Finance (“CDB Aviation”) is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), a 33-year-old Chinese leasing company that is backed mainly by the China Development Bank. China Development Bank is under the direct jurisdiction of the State Council of China and is the world’s largest development finance institution. It is also the largest Chinese bank for foreign investment and financing cooperation, long-term lending and bond issuance, enjoying Chinese sovereign credit rating. www.cdbaviationleasefinance.com CDB Leasing is the only leasing arm of the China Development Bank and a leading company in China’s leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and enjoys Chinese sovereign credit rating. It took an important step in July 2016 to globalize and marketize its business – listing on the Hong Kong Stock Exchange (HKEX STOCK CODE:1606).


NEW YORK--(BUSINESS WIRE)--Bank of America Merrill Lynch Community Development Banking (CDB) provided nearly $4 billion in loans, tax credit equity investments and other real estate development solutions to create housing for individuals, families, veterans, seniors and the previously homeless across the United States in 2016. This effort included: In 2016, the Community Development Banking group completed the second phase of the San Francisco Rental Assistance Demonstration (SF-RAD), the largest and most complex RAD financing in the United States to date. Over both phases, the bank provided $2.2 billion as investor and lender, which will transform nearly 3,500 public housing units at 29 properties into safe and sustainable low-income housing for more than 10,000 San Francisco residents. The project will rehabilitate the property by addressing critical safety issues, upgrading the living areas and increasing the number of Americans with Disabilities Act (ADA)-compliant units. The formerly public housing is now owned and managed by private entities committed to maintaining quality affordable housing. The bank also provided funding for supportive services including referrals to case management, mental health and substance abuse, and other services. For more information on CDB’s RAD capabilities, click here. Other significant projects that closed in 2016 include: “Our goal is to provide our clients the right combination of financial tools to best serve the individual needs of their projects,” said Maria Barry, Bank of America Merrill Lynch Community Development Banking executive. “In 2016, we expanded our permanent debt platform to include a number of proprietary long-term financing products to provide our clients seamless execution.” In 2016, CDB celebrated the 25th anniversary of its Bank of America Merrill Lynch Low-Income Housing Challenge (LIHC). The LIHC has continued its goal to inform, educate and attract the next generation of affordable housing professionals. Teams included undergraduate and graduate students from eight universities in California, Washington, Oregon, Arizona and New York. The LIHC has resulted in actual housing developments based on proposals created during the competition, fostering future talent while supporting CDB’s commitment to providing quality, affordable housing. The bank gained momentum on its Federal Housing Administration (FHA) multifamily lending platform in 2016, underwriting a variety of transactions across the country, with a significant concentration along the East Coast. The bank has been successfully pairing its FHA execution with Low-Income Housing Tax Credit (LIHTC) equity and equity bridge loans to provide a streamlined execution for borrowers. “We deliver the full capabilities of the bank to our clients to help create sustainable solutions that promote healthy and thriving communities,” said Barry. “In 2016, we streamlined our delivery, made strategic hires and expanded our existing financial offerings to offer innovative solutions for our clients.” Community Development Banking includes the Banc of America Community Development Corp. (BACDC), which serves as a development partner and provides debt and equity financing for properties in low- and moderate-income communities across the country. In 2016, BACDC was a development partner in affordable housing projects with a total cost of $159 million, including $39 million in completed projects, $73 million under construction and more than $47 million in new developments. Bank of America Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 46 million consumer and small business relationships with approximately 4,600 retail financial centers, approximately 15,900 ATMs, and award-winning online banking with approximately 34 million active accounts and nearly 22 million mobile active users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated, which is a registered broker-dealer and a member SIPC, and, in other jurisdictions, locally registered entities. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed. Visit the Bank of America newsroom for more Bank of America news, and click here to register for news email alerts.


News Article | September 19, 2016
Site: www.gizmag.com

In research that could significantly improve the viability of human retinal cell transplant methods and help restore eyesight in patients with diseases such as macular degeneration, a team at Japan's RIKEN Center for Developmental Biology (CDB) has used a genetic matching technique to overcome the problems of rejection and the use of immunosuppressant drugs when transplanting retinal pigment cells derived from the stem cells of one monkey into the eyes of other monkeys. Whilst a great deal of promise is shown in the reprogramming of adult human cells into stem cells which can then be used to grow into any number of new and different cells, rejection of cells not taken from the original recipient means that immune-suppressing drugs or a lot of expensive, time-consuming cell matching and manipulation techniques are required. To avoid tissue rejection problems after implantation, it's possible to grow retinal pigment cells from induced pluripotent stem cells (iPSCs) created using the patient's own skin cells. However, producing iPSCs in this way is both costly and very slow as the cells grow at the same rate as they do normally in the body, which means a patient can face a wait of a year or more before the cells are ready for transplantation. "In order to make iPSC transplantation a practical reality, the current goal is to create banks of iPSC-derived tissues that can be transplanted into anyone as they are needed," said Dr. Sunao Sugita of RIKEN. "However, immune responses and tissue rejection are big issues to overcome when transplanting tissue derived from other individuals." The new RIKEN research uses a technique known as Major histocompatibility complex (MHC) matching. MHCs are a collection of proteins found on the surface of a cell that play a particular role in cell recognition in the immune system. Also known as human leukocyte antigens (HLAs) in people, genetic variations of these proteins mean that often only the MHCs particular to the original cells will be recognized by the T cells of the host immune system, meaning that any other transplanted cells with different MHCs will be rejected. To test their assumptions on MHC matching, the RIKEN team employed matched retinal pigment cells cultivated from monkey iPSCs in the Kyoto University iPS Cell Research and Application cell bank. These cells were transplanted into the subretinal space (generally between the retina and the retinal pigment epithelium) of monkeys that were either matched or not matched genetically with the MHCs present. In the MHC-matched monkeys, the team found that the transplanted cells remained viable and without rejection for at least six months, and without the need of immunosuppressant drugs. Further examination in the laboratory of the MHC-matched cells showed that immune system T cells recognized the iPSC-derived retinal pigment cells and did not reject them. In the MHC-mismatched monkeys, examination revealed only inflammatory cells and a subsequent failure of the transplanted grafts. It is this stability of tenure in situ without the need for immunosuppressants that makes the RIKEN research such an important step toward curing age-related blindness caused by macular degeneration. Other methods, such as optogenetic therapy also show promise in this area, but they can be slow and difficult; a bank of MHC-matched IPSCs readily available to be transplanted, on the other hand, would be a boon to a greater percentage of the population. The RIKEN researchers have also observed similar results in concurrently run research where they replicated the laboratory (in vitro) experiments with HLA-matched or unmatched retinal pigment cells and human T cells, and they have already begun a clinical transplant trial involving patients with age-related macular degeneration. "Now that we have established the lack of immune response in monkeys and in human cells in vitro, using the iPS cell bank appears to be a viable solution, at least in the case of retinal pigment epithelial cell transplantation," said Dr Sugita. "In the next clinical trial we plan to use allogeneic iPS-retinal pigment epithelial cells from HLA homozygote donors. The clinical data after the transplantation will allow us to see if the iPS cell bank is truly useful or not. If so, I think this type of transplantation can become standard treatment within five years."

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