QZ Asset Management set to continue global expansion despite China’s COVID stance

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Guangzhou, China–(Newsfile Corp. – Oct. 25, 2022) – QZ Asset Managements’ global expansion is set to continue its momentum as the company released its latest plans to hold a global summit in Thailand next February.

The company intends to hold a two-day workshop in Bangkok for its clients while participating in the Fintech Festival Thailand 2023. The festival is scheduled to take place from February 23-25, 2023, despite recent indications from the Chinese government that it won’t give in. on its zero-covid policy during the 20th National Congress of the Communist Party of China.

QZ CEO Blake Yeung (left) at the 8th International Finance Expo in Guangzhou

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Chinese leaders gathered in Beijing for the week-long congress on October 16 and should become a strong indication of when China finally relaxes its strict zero-Covid policy. Although it expects to gradually ease its Covid policies, China has remained cautious about easing trade restrictions too quickly due to fears of a COVID resurgence.

Doing business overseas has been a challenge, and many companies face this problem in China. We had to go through difficult circumstances and being able to organize the summit in Thailand represents the start of an exciting new chapter for QZ. said Blake Yeung, CEO of QZ Asset Management.

Beijing’s attempt to maintain a policy of few or no Covid infections has restricted business activity domestically and kept national borders largely closed for more than two years, a policy that has stymied the economic development of China and its trading partners. Chinese companies like QZ Asset Management have struggled to expand their operations globally over the past 2 years.

Yeung added, “We had hoped that the National Congress would accelerate the progress of reopening our borders, as this will have a profound impact on the global economy, leading to a sustained period of strong economic growth around the world. Regardless, we fully intend to pursue our plans to establish regional offices in Africa and South America and will work closely with local authorities in these regions to explore our options.

About QZ Asset Management

QZ Asset Management was founded in 2012 and is based in Guangzhou with additional offices around the world, led by a team of experienced investment professionals and analysts. The company is able to offer 10 years of excellent trading track record using proprietary BDAI (Big Data Artificial Intelligence) trading technology which is based on highly advanced real-time market information and big data analytics.

Contact information:

Name: Voong Kuang Jie
E-mail: [email protected]
Organization: QZ Asset Management
Website: https://www.qzinvest.com/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/141090

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