The People’s Bank of China (PBOC), the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) jointly welcomed the collaboration between the China Foreign Exchange Trade System (CFETS) and Hong Kong Exchanges and Clearing Limited (HKEX) to develop an electronic fixed income and currency trading platform (the FIC Trading Platform) in Hong…
Hong Kong can be “more than New York and Silicon Valley combined” by positioning itself as a hub that integrates global financial depth with technological innovation and manufacturing capacity, the city’s finance chief has said. Financial Secretary Paul Chan Mo-po said on Friday that Hong Kong had a unique edge over New York and Silicon…
Wealthy investors in Asia, sitting on piles of cash built up since the pandemic, are looking to hedge their bets, shifting their assets out of U.S. equities and into the Chinese stock market and gold. (Nikkei illustration) Trading Asia Region is home to the world’s second-largest group of ultrawealthy investors LISA KIM and JADA NAGUMO October…
Hong Kong is accelerating reforms of its financial market by making the sector’s ecosystem more resilient and comprehensive, a minister has said, as the city grapples with geopolitics and a rapidly changing technology-led global landscape. Financial Secretary Paul Chan Mo-po also said on Sunday that Hong Kong would take a two-pronged approach by strengthening its…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. For a generation bombarded with headlines about needing $1.5 million to retire, Kevin O’Leary’s number sounds suspiciously low. When asked, “What amount of money would you say it takes for someone to be wealthy or at least comfortable?”…