financial services – Charm

Hong Kong financial regulators introduce GenA.I. Sandbox++ to support innovation in financial services

6 days ago06 mins

The Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC), Insurance Authority (IA), and Mandatory Provident Fund Schemes Authority (MPFA) have launched the Generative Artificial Intelligence (GenA.I.) Sandbox++ initiative, in partnership with Hong Kong Cyberport Management Company Limited (Cyberport). The HKMA, SFC, IA, and MPFA serve as Hong Kong’s key financial regulators, overseeing the…

Hong Kong authorities question World Bank’s ‘unfair’ business-ready grades

3 months ago02 mins

Hong Kong authorities have questioned a World Bank report giving the city lower grades for business readiness, saying outdated data has led to unfair comparisons. The digital policy office said early on Tuesday that Hong Kong remained among the top 20 for “operational efficiency” and in the second quintile for “regulatory framework” and “public services”…

Fintech groups join forces to boost Greater Bay Area collaboration

Cs news4 months ago04 mins

Four fintech industry organisations from Hong Kong and mainland China have formalised a strategic partnership aimed at deepening collaboration and integration across the Greater Bay Area and the wider fintech sector. Regional cooperation The agreement brings together the FinTech Association of Hong Kong, the Zhongguancun Fintech Industry Development Alliance from Beijing, the Shenzhen Fintech Association,…

The S&P 500’s next addition could be this red-hot tech stock

Cs news4 months ago4 months ago01 mins

Published: Nov. 17, 2025 at 2:10 p.m. ET Cryptocurrency stockpiler Strategy might have an obstacle in its path to S&P 500 inclusion — in the form of an “elephant” currently residing in the S&P Small-Cap 600 index. That’s Stephens analyst Melissa Roberts’s term for Sandisk SNDK, the maker of storage devices whose red-hot stock in recent…

Opinion: How $5,000 became $31 billion: 5 market lessons from the greatest trader ever

Cs news4 months ago4 months ago01 mins

Charlie Garcia is the founder of R360, a global community of individuals and families with a net worth of $100 million or more. He is editor-in-chief of the Night Owl, R360’s exclusive publication delivering contrarian insights into global markets. Garcia is the author of the books “A Message From Garcia” and “Leadership Lessons of the…

Rallies for Nvidia and Big Tech help Wall Street nearly erase last week’s loss | Nation & World Business

Cs news4 months ago4 months ago07 mins

NEW YORK (AP) — Big Tech and other superstars of the U.S. stock market got back to rallying on Monday, and Wall Street recovered most of its loss from last week. The S&P 500 climbed 1.5% and clawed back nearly all its drop from last week, which was its first weekly loss in four. The…

Big Tech drags down S&P 500 amid jitters over highly valued stock market

Cs news4 months ago4 months ago01 mins

Published: Nov. 6, 2025 at 3:34 p.m. ET U.S. stocks are stumbling this month amid worries over stretched valuations, with the S&P 500’s concentration in Big Tech making it vulnerable to pullbacks like the one seen Thursday. Most of the Big Tech stocks known as the Magnificent Seven trade at lofty valuations well above the highly…

Starbucks sells 60% stake in China business in $4 billion deal

Cs news4 months ago04 mins

Starbucks said Monday it is forming a joint venture with Chinese investment firm Boyu Capital to operate Starbucks stores in China. Under the agreement, Boyu will acquire a 60% interest in Starbucks’ retail operations in China, which is valued at $4 billion. Starbucks will retain a 40% interest in the joint venture and will own…

Asian shares advance, with Japan’s benchmark surging after new coalition

Cs news5 months ago5 months ago06 mins

BANGKOK — BANGKOK (AP) — Asian markets surged Monday after Wall Street finished a winning week, overcoming worries over bank lending and the trade war with China. U.S. futures edged higher while oil prices fell. Japan’s benchmark Nikkei 225 jumped 2.9%, to 48,970.40, setting a new record, after its governing Liberal Democrats found a new…

US stocks bounce back as Trump softens China trade tone | News

Cs news5 months ago05 mins

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