Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
CLASS

Cosmoprof Honk Kong will offer more subsidized finance options for participants

August 03, 2023


Abstract : BolognaFiere, one of the top global exhibition organizers, has entered into a Memorandum of Understanding with Simest of the CDP Group to provide export support services and participatory loans to Italian cosmetics companies.

MILAN, Aug. 3 (Class Editori) — Italian companies interested in participating in the upcoming Cosmoprof Asia event in Hong Kong from November 14 to 17, will have more financial resources available to them, thanks to an agreement signed between BolognaFiere Cosmoprof, the organizing company for the Cosmoprof network, which hosts leading B2B events for the cosmetics sector worldwide, and Simest, a Cassa Depositi e Prestiti (CDP) company that helps Italian businesses internationalize.

This two-year agreement will foster the Made-in-Italy beauty industry's excellence in all of Simest's main markets.

Cosmoprof network exhibitors will be able to access Simest's services, including subsidized finance, export support, and participatory loans.

"The signing of a protocol with Simest will help increase the range of services dedicated to promoting the Italian cosmetics industry worldwide," Gianpiero Calzolari, President of BolognaFiere, explained. "Cosmoprof has been supporting the export of quality, innovation, and creativity of the Italian country system to main markets for over 55 years. Our goal is to keep supporting players who invest in R&D, therefore promoting the growth of the sector".

"Simest is reinforcing its commitment to supporting the international growth of the cosmetics industry, which is an important sector for our economy. Furthermore, we are confirming our strategic partnership with BolognaFiere," Regina Corradini D'Arienzo, CEO of Simest, said. "Through this agreement, the company is dedicated to enhancing its cooperation with cosmetic companies to assist them in their internationalization processes and promote 'Made in Italy' worldwide".

BolognaFiere Group is the world's leading exhibition organizer in the cosmetics, fashion, architecture, construction, art and culture sectors. The Group has a portfolio of 80 international events, including Cosmoprof Worldwide Bologna, the world's most important event for cosmetics professionals. Since 1967, the event has brought the best of innovation and creativity in the industry to Bologna.

The Cosmoprof network, based in Bologna, is expanding globally with events in Hong Kong, Bangkok, Las Vegas and Mumbai, including Cosmoprof Asia, Cosmoprof India, Cosmoprof North America and Cosmoprof CBE ASEAN. Cosmoprof is expanding its influence in the US by launching Cosmoprof North America – Miami in January 2024, and in the Gulf region with a new event scheduled in Riyadh in December 2024.

(Source:Class Editori)

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.

Scan the QR code and push it to your mobile phone

Keyword: finance Honk Kong

Reading:

HKEX records 2nd-highest half-yearly revenue in H1 2023

Xinhua Headlines: A look at China's economic resilience amid sluggish global growth

China unveils action plan to strengthen county-level commerce system

【Financial Str. Release】CSRC nods upcoming INE containerized freight index futures as specified domestic futures product

【Financial Str. Release】China sees QFIIs up to 778 ones by end-July, with IMF Inv. Fund nodded as new QFII member

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial