Charles W.

[#MarketInsights] 👀 Regulators have started this week to collect more information about the multiple use cases you can build around #AI and #ML in the Banking sector. 👋 This in the sole interest of HK customers.  📍 And hopefully to fill the lack of regulation for upcoming #GenAI projects. 📝 As a reminder, the latest regulations have been set up in #2019 by two circulars that, in broad strokes, set up guiding principles on the "use of big data analytics and artificial intelligence (BDAI) and more specifically principles on AI in the banking industry" 🔍 😏 Are we about to witness more AI Governance regulations being pushed to Banks later this year?

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Check out our thoughts on the evolution of Hong Kong's Board & Advisory scene. This is why we feel it was the right time to launch an online talent portal to create more talent liquidity in this field - check out www.connectedtalent.com Thanks to our Impact Lab intern, Raphael DEREN for his research on this article. ConnectedTalent - Talent Pool Platform #stayconnected #boardandadvisory #connectedtalent #hongkong #ined

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Have you wondered what MPF schemes and the MPF system are all about? Dive into our comprehensive series on MPF schemes and discover how understanding these can significantly boost your financial wellness in Hong Kong. https://mpfratings.com.hk/ #MPF #HRDevelopment #MoneyMasterClass #MoneyManagement #FreeTrial #MoneyMaster #FinancialEducation #ProfessionalDevelopment #MPFRatings

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Asian stock markets rebounded strongly after a global market downturn, showing resilience and adaptability. Key markets like Nikkei, Hang Seng, and KOSPI saw significant gains due to positive economic indicators and strategic interventions. The turnaround reflects robust fundamentals, fiscal policies, and business strategies in the region, highlighting stability and growth potential amid global uncertainties. Stay informed and agile for thriving in the evolving financial landscape.

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When it came to options, the exchange posted a net revenue of $306.7 million, up $23.5 million – 8% – since Q2 2023. Notably, Cboe’s options exchanges had total market share of 31.2% in the quarter, compared to 33.3% a year ago, which the exchange put down to “a result of lower multi-list market share as compared to the second quarter of 2023”. Futures net revenue also increased, though to a lesser degree, with the area up $5.6 million year-on-year thanks to a reported increase in net transaction and clearing fees. In addition, Cboe’s global FX record net revenue increased 11% for the same reasons. The exchange’s FX market share was 20.2% in Q2 2024, up from 19.5% a year ago. 

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𝐇𝐒𝐁𝐂 𝐬𝐭𝐞𝐩𝐬 𝐮𝐩 𝐭𝐨 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠 𝐒𝐌𝐄𝐬 𝐰𝐢𝐭𝐡 𝐇𝐊$5 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐩𝐫𝐞-𝐚𝐩𝐩𝐫𝐨𝐯𝐞𝐝 𝐥𝐨𝐚𝐧𝐬 In a significant move, HSBC is offering HK$5 billion in pre-approved loans to help SMEs in Hong Kong access essential capital as we enter a rate-cut cycle. This initiative simplifies the loan process, with pre-approved credit limits and faster approvals, giving businesses much-needed financial flexibility. It's encouraging to see such strong support for SMEs, as this will undoubtedly create opportunities for growth and investment in the local economy. #corporatebanking #commercialbanking

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Singapore’s fintech scene continues to innovate! OKX's integration of PayNow and FAST enables zero-fee SGD transfers, signaling a push for seamless, cost-effective digital finance solutions. This move underscores the rising demand for accessible cross-platform services.  As an Asia specialist, we see how such advancements are driving demand for top talent in payments, crypto, and digital finance. The big challenge? Attracting leaders ready to reshape the future of financial ecosystems.  What trends are you noticing in fintech hiring?  Adrian Yuen Paige Fong Daniel Ng Weetheng Heng Richard C. Scott Thompson https://lnkd.in/gj5ECTT4 #Fintech #Recruitment #DigitalInnovation 

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H&P Financial Services Weekly - Hong Kong’s Hang Seng is the Number One Super market of the week, up > 30%, driven by lower rates and new liquidity. We look at intraday volatility in Q3, which was up on Q2, with that major August spike, which should have helped the leveraged trading platforms PLUS, IGG and CMCX. Rising markets will have added some c. 3% to UK wealth management assets last quarter. Brooks Macdonald estimates are still woefully out of date, in our opinion. Premier Miton reveals more of their MPS plans. Man Group presents an entry point, with AHL underperforming for a while. Tavistock flies on a major disposal which will nonetheless benefit acquirer Saltus. Frenkel Topping would not be at this valuation if it had any liquidity. https://lnkd.in/eDVaAAV5

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Check out this article about Citigroup's layoffs in Singapore. It's important to stay informed about the changes happening in the financial industry. #fintech #Citigroup #layoffs #Singapore [Link to article: https://lnkd.in/gzY4BQCN] Employment Law Events for Regional Officers. Find out at www.hrsingapore.org #HR #Law

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We are honoured to have Mr Calvin Chan, Senior Manager, Intermediary Sales at #Invesco Hong Kong Limited, join us to share his insightful #Q4 market outlook: Key topics: 🌏 Global investment outlook analysis for Q4 🧐 The opportunities in European and UK bonds 🗳️ The impact of the upcoming US election 📊 Asset allocation strategies for Q4 Don't miss this opportunity to gain valuable market insights. Let’s watch the video! #HASLASIA #Q4MarketOutlook #GlobalMarket #USElection #ILAS #Investment #FinancialPlanning #GetMoreFromLife #MoreAcademy 

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Leveraging on our strong Chinese parentage, we are establishing ourselves as the China-ASEAN nexus, providing investors unparalleled access to opportunities in both regions. Read more in this exclusive interview with GCEO Carol Fong on The Digital Banker : https://lnkd.in/gVDefT44

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MPF Ratings released Q1 2024 MPF Asset Class Fund Flow Summary by highlighting that US equities received over $9bn of MPF’s net inflows in Q1 2024, by far the largest quarterly MPF net inflows into US equities ever recorded, and a concerning trend which Mr Chung attributes to a confluence of new fund launches, disappointing local equity results and MPF members trying to capitalize on the strong momentum of the US market. Find out more here: https://lnkd.in/eRJmq4ne #mpfratings #MPFRIntelligence #MPFRConsistentPerformers #MPFFastMover #MarketInsights #MPFMarketShare #MPFFundFlows #MPFNetReturns #MPFIndustry #pensionschemes #assetmanagement #investmentmanagement #mpf #investment #empf

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Dive into the future of finance with our webinar: Evolution in Global Payments: The Technology Imperative! 📅Save the date: May 23rd at 8:00 am BST/5:00 pm AEST/3:00 pm HKT and SGT! Join Cassie Craddock and Lisa Kienzle as they explore industry-wide progress in payments and the impact of blockchain on global finance. Don't miss out on insights for crypto exchanges, PSPs, and neobanks! Register now.

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Exclusive RTHK Interview: Nova Credit CEO Samuel Ho Shares Insights on the Future of Credit Data Smart Nova Credit CEO, Samuel Ho was recently featured on the RTHK program "一桶金之財經新思維" to share the latest trends and innovations in the rapidly evolving credit reference industry. Key insights from the interview: •           The growing demand for advanced credit reference services to meet changing market needs •           The transformative role of technology in enhancing credit assessment, risk management, and customer experiences •           Cross-boundary services that facilitate greater convenience and business expansion for individuals and enterprises across the Greater Bay Area Download NOVA PASS now to get your credit report for FREE*! IOS: https://lnkd.in/gFDWRVqA Android: https://lnkd.in/g_P3xgn6 *Terms and conditions apply. In case of any disputes, Nova Credit Limited reserves the right of final decision. Don't miss this opportunity to gain valuable insights into the future of credit reference industry.  Listen to the full interview: https://lnkd.in/gJxADNys

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𝐇𝐚𝐩𝐩𝐲 25𝐭𝐡 𝐀𝐧𝐧𝐢𝐯𝐞𝐫𝐬𝐚𝐫𝐲 𝐭𝐨 𝐭𝐡𝐞 𝐓𝐫𝐚𝐜𝐤𝐞𝐫 𝐅𝐮𝐧𝐝 𝐨𝐟 𝐇𝐨𝐧𝐠 𝐊𝐨𝐧𝐠 (𝐓𝐫𝐚𝐇𝐊) Sincere thanks to everyone who joined us to celebrate the success of this respected homegrown ETF that has developed and flourished alongside the people of HK since its establishment in 1999.   As No.1 ETF manager in Hong Kong^ with deep ties to local community, Hang Seng Investment is proud to embrace our mission: driving the continued development of TraHK with our good Hong Kong story while contributing to a thriving and vibrant future for our city. Together, let us reach new heights.  #TrackerFund #TraHK #25thAnniversary #HangSengInvestment  ^Based on AUM of HK listed and domiciled ETFs. Source: HSVM, 31 Oct 2024   *Investments involve risks. Investors should seek independent advice. This content has not been reviewed by the Securities and Futures Commission and is intended for Hong Kong investors only.

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🚨SFC updated 11 virtual asset trading platforms as Deemed-to-be-licensed today 🚨 ✅The list includes HKbitEX, PantherTrade, Accumulus, DFX Labs, Bixin Group, xWhale, Yax, Bullish, Crypto.com, WhaleFin, Matrixport. 📋The 11 companies have the following conditions as stated by SFC: - Not onboarding any new clients until it's implemented HSM, private keys, cold wallets and robust internal controls - Shall not actively market its VA services, whether in Hong Kong or outside - Required to be in compliance with the SFC VATP guideline - Shall obtain SFC's prior written approval before any new services - Maintains it's required liquid capital or minimum paid up capital Note: I've summarised and selected a few keys conditions as this is not the full list #SFC #VATP #deemed #licensed #list #conditions

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