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BRI Officially Launches BRI UMKM EXPO(RT) 2025 and Microfinance Outlook to Empower Indonesia's MSMEs

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BRI Officially Launches BRI UMKM EXPO(RT) 2025 and Microfinance Outlook to Empower Indonesia's MSMEs
Business

Business

BRI Officially Launches BRI UMKM EXPO(RT) 2025 and Microfinance Outlook to Empower Indonesia's MSMEs

2025-01-31 11:22 Last Updated At:11:45

TANGERANG, Indonesia, Jan. 31, 2025 /PRNewswire/ -- PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) officially launched BRI UMKM EXPO(RT) 2025, held alongside BRI Microfinance Outlook 2025 at ICE BSD City, Tangerang. The event was attended by key government officials, including Chairman of the People's Consultative Assembly (MPR) Ahmad Muzani, Coordinating Minister for Economic Affairs Airlangga Hartarto, Coordinating Minister for Community Empowerment Muhaimin Iskandar, Minister of Finance Sri Mulyani Indrawati, Minister of MSMEs Maman Abdurrahman, Deputy Minister of State-Owned Enterprises Kartika Wirjoatmodjo, and Deputy Minister of Trade Dyah Roro Esti.

"Presenting BRI UMKM EXPO(RT) 2025 alongside BRI Microfinance Outlook (MFO). We hope that the combination of these two events can support President Prabowo Subianto's Asta Cita vision in creating inclusive, competitive, and sustainable economic growth," said BRI President Director Sunarso.

On the same occasion, Coordinating Minister for Economic Affairs RI Airlangga Hartarto appreciated BRI UMKM EXPO(RT) 2025, stating that the event is a proof of BRI's commitment to empowering MSMEs. "This initiative by BRI, involving 1,000 MSMEs, is in line with President Prabowo's Asta Cita vision to create high-quality job opportunities," he emphasized.

With theme "Broadening MSME's Global Outreach", BRI UMKM EXPO(RT) 2025 aims to expand the market reach of Indonesian MSMEs and enhance the global competitiveness of local entrepreneurs.

BRI remains optimistic about Indonesia's MSME business potential, aiming for business matching deals worth US$ 89.4 million throughout 2025, exceeding the US$ 81.3 million recorded in 2023.

Additionally, BRI is collaborating with the Ministry of Trade to introduce business matching sessions twice a month in 2025.

For more details about the event, visit briumkmexport.com.

BRI Microfinance Outlook 2025

Held alongside the expo, BRI Microfinance Outlook 2025 serves as a strategic forum discussing economic development, themed "Empowering the People's Economy: A Pillar for Achieving Inclusive & Sustainable Growth." focusing on community empowerment as the driving force behind a grassroots-based economy.

In her speech, Finance Minister Sri Mulyani Indrawati emphasized the crucial role of MSMEs in Indonesia's economic landscape, as well as BRI's active role as a state-owned enterprise (BUMN) in supporting this sector.

The forum features renowned international speakers, including ADB Chief Economist Albert Francis Park, Nobel Laureate Paul Romer, and Women's World Banking Head Harsha Rodrigues, discussing strategies for strengthening inclusive finance.

For more information about BANK BRI, visit www.bri.co.id.

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** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

BRI Officially Launches BRI UMKM EXPO(RT) 2025 and Microfinance Outlook to Empower Indonesia's MSMEs

BRI Officially Launches BRI UMKM EXPO(RT) 2025 and Microfinance Outlook to Empower Indonesia's MSMEs

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Invesco QQQ ETF approved for sale, cross-lists on Hong Kong Stock Exchange

2025-02-26 15:19 Last Updated At:15:35

First cross-listing of Invesco QQQ outside of North America; QQQ is the second most traded US ETF 

Important Information 

HONG KONG, Feb. 26, 2025 /PRNewswire/ -- Invesco, a leading global asset management firm, announced today that its flagship Invesco QQQ Trust Exchange Traded Fund (Invesco QQQ ETF) has been approved for sale in Hong Kong by the Securities & Futures Commission and cross-listed on the Hong Kong Stock Exchange (HKEX), commencing trading as of market open under the symbol "3455". Invesco QQQ, one of the best-performing large-cap growth funds[1], is the flagship fund of Invesco's US$762 billion ETF business, the fourth largest ETF provider globally[2]

With approximately US$318.9 billion in assets under management (AUM)[3], Invesco QQQ is the world's fifth largest ETF and second most traded ETF in the US[4].  The launch marks the first cross-listing of Invesco QQQ outside of North America and represents a milestone in the expanding market for ETFs in Hong Kong. By trading on HKEX - one of the world's leading exchanges - investors around the region will have a highly efficient method of accessing the deep liquidity and price transparency of Invesco QQQ, in a convenient time zone.

Invesco QQQ is the most liquid ETF to access the performance of the Nasdaq-100 Index®, which tracks the 100 largest non-financial companies listed on the Nasdaq. Companies in the Nasdaq-100 Index spend between 600-1,200% more on research and development compared to companies residing in broad-based US large cap equity indexes[5]. Investors will also be able to invest in their preferred currency, with USD, HKD and RMB counters available. 

"We are honored to bring our flagship ETF - Invesco QQQ - to Hong Kong, offering local investors a valuable opportunity to access the innovative, forward-thinking companies included in the Nasdaq-100 Index," remarked Andrew Lo, Chief Executive, Asia Pacific at Invesco. "Hong Kong has long been a key hub for Invesco's APAC business, which makes it the ideal location for Invesco QQQ's first cross-listing outside of North America. We believe Hong Kong's unique position in Asia Pacific, as well as its well-established financial infrastructure, will enable us to strategically connect our stakeholders and investors in the region with this important large-cap growth strategy."

Invesco QQQ has mirrored the evolution of global technology and innovation since its launch in 1999. Of the 22 companies that have been a part of Invesco QQQ since inception, many were in the early stages of development in 1999 and have since scaled up successfully. The average market cap of companies included in Invesco QQQ was US$200 billion in 1999, growing to US$1.39 trillion at the end of 2024[6]. Many of the constituents of Invesco QQQ include the leading names in global technology, and the index regularly extends to companies beyond the technology sector that capture future growth opportunities.

"Invesco QQQ ETF has a track record of strong performance over its 25-year history, offering investors access to innovative, growing companies with strong fundamentals," said Brian Hartigan, Global Head of ETFs and Index Investments at Invesco. "Together with Nasdaq, we are pleased to continue to break new ground together through this cross-listing in Hong Kong."

Invesco QQQ is a unit investment trust designed to track the investment results, before fees and expenses, of the Nasdaq-100 Index. It holds all the stocks included in the Nasdaq-100 Index and trades on the Nasdaq stock exchange under the ticker symbol QQQ.

"We believe this cross-listing will bring immense benefits to Asia Pacific investors, most notably access to local trading lines during market hours and settlement in international currencies. These advantages will further drive the expansion of Hong Kong's ETF landscape," Mr. Lo added. "This cross-listing demonstrates our commitment to leveraging our innovative, global investment expertise to investors in Asia Pacific."

[1] Based on total return over the past 15 years by Lipper, as of December 31, 2024.

[2] In total assets under management (AUM), per Invesco, as of December 31, 2024.

[3] In total AUM, per Invesco, as of December 31, 2024.

[4] Based on AUM and average daily volume traded, per Bloomberg, as of December 31, 2024.

[5] Refers to the S&P 500, Nasdaq US 500 Large Cap Index, and other indexes comprised of the largest few hundred companies listed in the US weighted by market cap.

[6] Based on simple weighted average of individual companies in the Nasdaq-100 Index.

About Invesco

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; www.invesco.com.

Important information

All data are sourced from Invesco dated January 31, 2025, unless otherwise stated.

Investment involves risks. Past performance is not indicative of future performance. Investors should read the relevant prospectus for details, including the risk factors and product features. This material has not been reviewed by the Securities and Futures Commission and is issued by Invesco Hong Kong Limited.

Nasdaq®, Nasdaq-100® and Nasdaq-100 Index®; and QQQ® are registered trademarks of Nasdaq, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies or Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

© 2025. Nasdaq, Inc. All Rights Reserved.

Where Andrew Lo and Brian Hartigan have expressed opinions, they are based on current market conditions and are subject to change without notice. These opinions may differ from those of other Invesco investment professionals.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Invesco QQQ ETF approved for sale, cross-lists on Hong Kong Stock Exchange

Invesco QQQ ETF approved for sale, cross-lists on Hong Kong Stock Exchange

Invesco QQQ ETF approved for sale, cross-lists on Hong Kong Stock Exchange

Invesco QQQ ETF approved for sale, cross-lists on Hong Kong Stock Exchange

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