Gary Yung

𝐀𝐈 𝐟𝐨𝐫 𝐂𝐫𝐞𝐝𝐢𝐭 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭: 𝐁𝐞𝐲𝐨𝐧𝐝 𝐭𝐡𝐞 𝐓𝐞𝐜𝐡 🚀 A powerful session and insightful exchange at the #HKCCMA workshop this week. Kudos to fellow-speakers Dr Francis Lau, Calvin Ho, Raymond Lam, FCCA, and everyone in attendance for your keen participation. Here’s my biggest takeaway: 𝘛𝘩𝘦 𝘱𝘢𝘵𝘩 𝘧𝘰𝘳𝘸𝘢𝘳𝘥 𝘧𝘰𝘳 𝘈𝘐 𝘢𝘥𝘰𝘱𝘵𝘪𝘰𝘯 𝘪𝘴𝘯’𝘵 𝘫𝘶𝘴𝘵 𝘢𝘣𝘰𝘶𝘵 𝘵𝘩𝘦 𝘵𝘦𝘤𝘩𝘯𝘰𝘭𝘰𝘨𝘺. 𝘐𝘵’𝘴 𝘢𝘣𝘰𝘶𝘵 𝘵𝘩𝘦 𝘩𝘶𝘮𝘢𝘯 𝘤𝘰𝘯𝘯𝘦𝘤𝘵𝘪𝘰𝘯𝘴 𝘪𝘵 𝘦𝘯𝘢𝘣𝘭𝘦𝘴. Think about it. 🤔 AI can streamline processes, analyze vast amounts of data, and provide actionable insights. But its true power lies in how it brings us together. How it fosters collaboration. How it builds trust. Faster. Easier. Picture a team tackling credit risk. AI spots risks and opportunities in real-time. The team? Free to focus on strategic decision-making, exception handling and problem-solving together. It encourages open communication and shared goals. AI also boosts transparency. Clear, data-driven insights build trust among team members and stakeholders. Everyone's on the same page, moving forward with confidence. All good! But let's be real—AI has limits. It crunches numbers, but it can't grasp human context. It spots trends, but it won't catch every nuance. Human judgment? Still irreplaceable, at least not in the near future. In a world driven by data, let’s not forget the human touch. AI can be used to enhance our relationships, not replace them. Bold moves. Authentic connections. That’s the future. 💡 #AI #CreditControl #Innovation #DataManagement #ChangeManagement #DareToWorkDifferently https://lnkd.in/grn3y8AS

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DBS Bank Digital Exchange (DDEx), one of the first banks to offer cryptocurrency services since its 2020 launch, has seen trading volumes triple in the first five months of the year. The number of active clients has increased by 36%, and assets under custody have grown by 80% in Singapore dollar terms. 💡 𝗥𝗶𝘀𝗶𝗻𝗴 𝗖𝗿𝘆𝗽𝘁𝗼𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝗩𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻𝘀: The surge in trading volumes aligns with a more than 50% increase in cryptocurrency valuations during the same period, with Bitcoin appreciating by 62%. 💡 𝗟𝗲𝗴𝗶𝘁𝗶𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗔𝘀𝘀𝗲𝘁𝘀: Professional investors are increasingly viewing digital assets as a legitimate part of their alternative portfolios. Lim Wee Kian, CEO of DDEx, highlights the need for secure platforms that offer seamless access to digital asset services and the ability to manage both digital and traditional portfolios. 💡 𝗙𝘂𝘁𝘂𝗿𝗲 𝗣𝗹𝗮𝗻𝘀 𝗮𝗻𝗱 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁𝘀: DDEx is exploring the listing of stablecoins and enabling Ethereum staking for clients. With Paxos planning to launch a Singapore stablecoin and DBS providing custody of its reserves, this could be among the listed coins. 💡 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝗮𝗹 𝗙𝗼𝗰𝘂𝘀: DDEx is not available to retail investors. It caters to institutions, family offices, and high-net-worth individuals who invest through DBS Private Bank. 💡 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝗘𝗺𝗯𝗿𝗮𝗰𝗲: DBS Bank has been a pioneer in blockchain technology, co-founding the cross-border payments company Partior with JP Morgan and Temasek. The bank also participates in Project Guardian and various trade finance initiatives leveraging blockchain technology. Source: https://lnkd.in/eDnedYAB For more weekly insight and thought-provoking analysis, ensure you get your copy at 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗕𝘆𝘁𝗲𝘀: https://lnkd.in/ev-WMFzG. Make sure you sign up to get your weekly analysis. #Blockchain #DLT #Crypto #DigitalAssets #Fintech #DBS #DigitalExchange #Innovation #FinancialServices #Ethereum #Stablecoins

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The Capital Investment Entrant Scheme (CIES), launched in March 2024, is indeed an initiative by the Hong Kong government to attract high-net-worth individuals to the city. It accomplishes this by offering a pathway to residency for those who invest a significant amount of money in Hong Kong. This aligns with their goal of becoming a leading international wealth hub. Here's why CIES goes beyond just banking: Focus on Investment: CIES is designed to attract investors, not just depositors. It encourages bringing new capital to Hong Kong and fostering its growth as a financial center. Residency Pathway: CIES offers a residency option, allowing successful applicants to live in Hong Kong. This makes it more attractive than just opening a bank account. Talent Pool Enrichment: By attracting wealthy individuals, CIES aims to enrich Hong Kong's talent pool. These individuals may bring with them business acumen, entrepreneurial spirit, and valuable connections. In essence, CIES goes beyond traditional banking services by providing a comprehensive package that combines investment opportunities, residency benefits, and talent pool development. This is strategy positions Hong Kong as an international wealth hub that caters to the needs of high-net-worth individuals.

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I am thrilled about Fidelity International's partnership with Visa and ANZ for Phase 2 of Hong Kong Monetary Authority (HKMA)’s e-HKD Pilot Programme. Together, we will be exploring the use of e-HKD and tokenised deposits in cross-border payments and purchase of tokenised investment assets.   Digital money is a crucial driver of transformation in the future of tokenization. It is exciting to collaborate with our esteemed partners in exploring innovative use cases for new forms of digital money, thereby fostering a more interconnected digital assets ecosystem. We look forward to exploring more use cases of e-HKD and tokenized funds in this pilot initiative.   #FidelityInternational #DigitalMoney #eHKD #Tokenisation

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"There are notable differences across various economies in terms of central bank digital currency (CBDC) technology develoment approaches, standards, and protocols, leading to issues of fragmentation and the creation of 'data silos'," said WEN YANG, President of Swift China, in a recent interview with 21st Century Business Herald. He highlighted the presence of interoperability challenges among diverse CBDC systems in the cross-border sector. In recent years, CBDC has been at the forefront of advancements in cross-border and international settlements, garnering growing attention from the global community. Data indicates that more than 130 economies are currently exploring CBDCs, with almost 70% of central banks planning to launch their own CBDCs in the coming decade. Interoperability plays a vital role in cross-border CBDC transactions. Yang explained that SWIFT has launched the second phase of CBDC sandbox trials in July 2023, delving into more intricate scenarios, involving CBDC payments and settlements in digital trade, digitized assets, and foreign exchange networks. Read: https://lnkd.in/g88VsQfd

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Our recent #DBSHK research indicates that while majority of Hong Kong merchants are enthusiastic about adopting new digital payment collection methods in the coming year, many still face difficulties with reconciliation and slow settlement time.   We are thrilled to accelerate the adoption of digital payments in Hong Kong with the official launch of DBS MAX Merchant Solutions in partnership with Yedpay. At an exciting launch event, we unveiled this end-to-end ‘DBS MAX Merchant collection’ solution that addresses the pain points in sales operations. Our integrated solution streamlines collections and boosts efficiency by consolidating transactions via DBS IDEAL, enabling as fast as 1 day after transactions settlement. This allows merchants faster access to funds while expanding digital collection options.   Valuable insights were also shared by representatives of Hong Kong Retail Technology Industry Association, Hong Kong Smart Catering Association, The Professional Validation Centre of Hong Kong Business Sector, Hong Kong Federation of Restaurants & Related Trades Limited and Hung Fook Tong Group, offering expert perspectives on the current digital landscape and how businesses can thrive as payments go digital.   As businesses adapt to the evolving digital payments landscape, #DBSHK is committed to growing alongside our clients, fostering collective competitiveness through innovative solutions.   Find out more about DBS MAX Merchant Solutions: https://go.dbs.com/3XNi7fJ   Peter Wu Beatrice Tai David Chung Arist Wong Eric Man Vincent So Winston Yeung  Donald Tse Matthew Chan Agnes Tse Jolynn Wong Phil Carmalt Gloria Yung Angie Ng Damodharan Udayakumar Eunice Cheung Michael Hui Kwong Sang Yip Ingrid Michelle Y. Eva Leung Cherry Lam Francisco Sam   #DBSMAX #MerchantSolutions #Yedpay #DigitaCollections #Innovation

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【𝗦𝘂𝗻 𝗛𝘂𝗻𝗴 𝗞𝗮𝗶 & 𝗖𝗼. 𝗖𝗼𝗺𝗺𝗶𝘁𝘀 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝘁𝗼 𝘁𝗵𝗲 𝗝𝗮𝗽𝗮𝗻 𝗔𝗹𝗽𝗵𝗮 𝗙𝘂𝗻𝗱 𝗡𝗲𝘄𝗹𝘆 𝗟𝗮𝘂𝗻𝗰𝗵𝗲𝗱 𝗯𝘆 𝗔𝗰𝘁𝘂𝘀𝗥𝗮𝘆𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀 】 Sun Hung Kai & Co. Limited (“SHK & Co.”) and its licensed funds management arm, Sun Hung Kai Capital Partners Limited (“SHK Capital Partners”), are pleased to announce their commitment to the 𝗔𝗰𝘁𝘂𝘀𝗥𝗮𝘆𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀 𝗝𝗮𝗽𝗮𝗻 𝗔𝗹𝗽𝗵𝗮 𝗙𝘂𝗻𝗱, which went live on 26 September 2024. This is in addition to SHK & Co.’s ongoing investments in ActusRayPartners’ Asian and European strategies. Other existing clients of ActusRayPartners have also expressed early interest in the Japan strategy. The equity long/short near market-neutral strategy seeks to generate alpha by identifying and capturing inefficiencies in the Japan equity market. ActusRayPartners employs its 𝘋𝘪𝘴𝘤𝘳𝘦𝘵𝘪𝘰𝘯𝘢𝘳𝘺 𝘗𝘳𝘰𝘣𝘢𝘣𝘪𝘭𝘪𝘴𝘵𝘪𝘤 𝘐𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 process, which combines a quantitative base with discretionary adjustments to address quantitative deficiencies. This marks the third alpha strategy launched by ActusRayPartners, following the successful European strategy initiated in 2020 and Asian strategy launched in 2022. The European strategy received the HFM European Performance Award in 2023 and 2024 respectively, and the Asian strategy received the HFM APAC Performance Award in 2024. ActusRayPartners is a Hong Kong-headquartered asset management company equally co-founded by Andrew Alexander, Raymond Chan, and Patrick Cheung in 2019. Several members of the team previously worked together in the Quantitative Hedge Funds division of Macquarie Group. As of today, ActusRayPartners comprises of 27 colleagues based in Hong Kong and Sydney, managing over US$700 million across Asia, Europe, and Japan. Tony Edwards, Deputy CEO of SHK & Co., stated, "Congratulations to ActusRayPartners on the launch of their new fund. Since 2020, SHK & Co. has seeded and supported ActusRayPartners, and this further commitment reinforces our confidence in their capabilities and aligns with our investment objectives." “The launch of the Japan Alpha strategy represents an exciting milestone for us. We would like to express our gratitude to SHK & Co. for their continued support over the years,” said the co-founders of ActusRayPartners Limited. “We are eager to employ our proprietary 𝘋𝘪𝘴𝘤𝘳𝘦𝘵𝘪𝘰𝘯𝘢𝘳𝘺 𝘗𝘳𝘰𝘣𝘢𝘣𝘪𝘭𝘪𝘴𝘵𝘪𝘤 𝘐𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 process in the pursuit of alpha for our investors in the Japan equity market.” Press release: https://lnkd.in/gDZH_crG #ActusRayPartners #JapanAlphaFund #NewLaunch #CommitCapital #FundPartnership

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In today's fast-paced business environment, meetings are the lifeblood of collaboration and decision-making. They are essential for aligning teams, setting goals, and steering companies towards success. But amidst the flurry of meetings, a crucial question persists: How many meetings are truly necessary to guide a company in the right direction? Research consistently shows that many meetings are unproductive, with one survey revealing a staggering 72% inefficiency rate. Executives now spend nearly 23 hours per week in meetings, a significant increase from past decades. Finding the right balance in meeting frequency is pivotal. Too many meetings can lead to wasted time and decision fatigue, while too few can cause miscommunication and lack of alignment. The key lies in thoughtful planning and execution. Effective meetings require a strategic approach. Start by clearly defining objectives, setting agendas, and communicating expectations in advance to keep discussions focused and fruitful. Encourage inclusive participation to foster engagement and diverse perspectives. Assign roles to promote accountability and drive actionable outcomes. Time management is critical. Respect participants' schedules by starting and ending on time, allocating specific time slots for each agenda item to prevent tangents. Embracing technology can further enhance meeting effectiveness. Use collaborative tools for shared documentation, virtual meetings for remote participants, and feedback mechanisms for continuous improvement. The advent of artificial intelligence offers exciting opportunities to streamline meetings. AI can automate scheduling, leveraging NLP to understand email conversations and schedule meetings seamlessly. AI-powered tools consider participants' availability and preferences, suggesting optimal meeting times to avoid conflicts. Some tools can transcribe meetings, generate notes, and analyze key action items automatically, saving time and improving efficiency. Well-executed meetings drive alignment, innovation, and teamwork. They fuel strategic planning, problem-solving, and shared vision among stakeholders. Quality surpasses quantity—each meeting should inspire action and propel the company towards its goals. By fostering effective communication and collaboration, organizations can leverage meetings to navigate challenges and drive prosperity. #Meetings #BusinessSuccess #Collaboration #AI #Efficiency #Productivity

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⏰ Inefficient international #payments are a huge burden for busy SMEs. They're costly, time-consuming and take away too many resources from critical business tasks 🤔 Check out this piece in the Hong Kong Economic Times which showcases how Eric Fung, PMP, the founder of Flavour of Life Limited, a Japanese sake supplier, is using Wise Business to streamline his company's international payments easily and affordably 💸 Flavor of Life sells sake from small family breweries in Japan's Yamaguchi Prefecture to customers across the world including the US, Canada and beyond 🌎. By using Wise, they can pay the sake brewers directly within minutes* and see exactly the rates and fees being charged. The speed of payments also enhances credibility and trust among their Japanese sake suppliers 🤝. For busy SME owners like Eric, every second saved equates to money saved ⌚️. With Wise, his business is able to benefit from lower fees, competitive exchange rates, and improve operational efficiency so he's able to focus on growing his business internationally 🚀 Read the original article (in Chinese) here 🇭🇰: https://wi.se/qvodg *Transaction speed claimed depends on individual circumstances and may not be available for all transactions.

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With recent rate cut and tax season around the corner, we’re opening new doors for those who seek flexible and financially smart ways to manage their loans 💰 What sets us apart ? 🚀 It’s not just about competitive rates—it’s about smarter lending that delivers real benefits. Our unique Loan-Deposit-Link (#LDL) feature is a game-changer: like a Mortgage-Link account but re-imagined for everyday loans. By connecting loans to deposit accounts, LDL lets customers earn annual interest rate back up to 2.5% p.a. 📈, one of the highest interest rate of HKD Saving Deposit Accounts in Hong Kong. This means customers aren’t just repaying a loan; they’re gaining a flexible financial advantage. Beyond LDL, our fully digital loan application process takes just 3 simple steps, tailored loan plan and approvals at ease with a competitive 1.68% APR. It’s a seamless, ultimate convenient designed for today’s on-the-go customers.📲 WeLab Bank is set to expand market presence and continue to push boundaries. 🌟For anyone approaching the new year with smart financial goals, we’re here to make lending smarter for you! #welab #welabbank #welend #fintech #AI #dogitalbank #personalfinance #taxseason

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https://lnkd.in/gjiYqNFp Exciting news! CityUHK hosted the Award Ceremony for the HK Tech 300 Southeast Asia Start-up Competition on June 27th. Out of over 100 teams, 10 startups from Southeast Asia and Hong Kong were awarded the Angel Fund investments of up to HK$1 million each. We're thrilled to announce that all three of our Malaysian startups who have successfully secured the fund are Cradle’s grant recipients! They are: 🚀 QMed Asia – A recipient of Cradle’s CIP Ignite QMed Asia revolutionizes healthcare delivery with digital health solutions, enhancing the patient journey through an integrated AI-driven experience. 🚀 CoKeeps Sdn Bhd – A recipient of Cradle’s CIP Spark CoKeeps offers institutional-grade solutions for digital assets, bridging the crypto and regulated markets for clients like banks, corporations, and government agencies. 🚀 Apping Technology Sdn Bhd – A recipient of Cradle’s CIP Sprint Apping Technology revolutionises recruitment with its AI platform by uncovering hidden talent, predicting future skill needs, and retaining top performers. Other Asian countries participated include Thailand, Vietnam, Indonesia & Singapore. #CradleFund #CreatingLeadingStartups #CradleRecipients

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RAW on RWA: Challenges to Tokenizing the Real World and Spending It Like Liquid Money - Asia Blockchin Summit Taipei on 14:05 on 6th August at the Satoshi Phoenix stage with my fellow panelists John Patrick Mullin and Chung Ho. Panel event will be moderated by Claude Eguienta. We will be discussing the complexities of tokenizing real-world assets (RWAs) and transforming them into easily tradable, liquid digital assets. This discussion would explore the technical, legal, and economic challenges and focusing on how this transformation could impact traditional financial systems and everyday transactions. #AsiaBlockchainSummit #RealWorldAssets #DigitalAssets #Tokenisation #Blockchain #Liquidity #Defi #Tradfi #CBDC #TokenisedDeposit #Stablecoin #Regulation #FutureOfFinance #Payments

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Stay ahead of the game with the latest insights on Hong Kong's business landscape in 2024. Download the full report if you’re keen: https://go.uob.com/4cT1moV #businesstrends #HongKong #UOB

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💼 RECAP WEBINAR: DIGITAL PAYMENT AND REGTECH IN HONG KONG: NAVIGATING THE FUTURE 🎉 On November 15th, MOR Software was thrilled to successfully host the webinar “Digital Payment and RegTech in Hong Kong: Navigating the Future”. The event attracted nearly 100 participants, including industry experts, business leaders, and technology enthusiasts, particularly those interested in Fintech. This webinar served as a valuable platform for the Fintech communities in Vietnam and Hong Kong to exchange insights, update knowledge, and discuss the current landscape and emerging trends shaping the future of digital payments and regulatory technology (RegTech). 📝 The webinar covered three key strategic topics. First, Mr. Neil Chan, CEO of El Dorado Fomular, provided a comprehensive overview of Hong Kong's digital payment landscape and the challenges businesses face in this dynamic market. 💡 Following this, innovative solutions from Vietnam were highlighted during the presentation by Mr. Tony Vu, Delivery Manager at MOR Software. These cutting-edge advancements in digital payment solutions not only address domestic market demands but also offer potential solutions to challenges faced by businesses in Hong Kong, showcasing Vietnam’s growing creativity and influence in the global Fintech landscape. 📍 The event concluded with an insightful discussion on the critical role of integrating RegTech into digital payment solutions. This integration enhances transparency, security, and efficiency in financial transactions, paving the way for sustainable development and new growth opportunities across the region. 👏 The webinar was a resounding success. MOR Software would like to extend our heartfelt gratitude to the speakers, participants, and everyone who supported the event. Your contributions and enthusiasm played a vital role in making this webinar such a success. We look forward to welcoming you to future events organized by MOR Software! 👉 You can revisit the valuable content from the webinar here: https://lnkd.in/gjNfTVcu ---------------------------------------------- MOR - 𝗠ake 𝗢ur-dreams 𝗥ealized 🌐 Follow MOR for latest updates at: https://morsoftware.com/ 🌐 Follow MOR fanpage for information about recruitment at: https://lnkd.in/gPSfvQ-Y  #MOR_Software #CNTT #IT_Outsourcing #XuatKhauPhanmem #vietnam_software_outsourcing_company

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🌐 Payment Preferences in Asia’s Key Markets 🌐 Diving into the latest data on payment habits: #India, #Thailand, and #HongKong lead in mobile wallet use, showing high digital payment engagement. #Singapore, #Taiwan, #Korea leans toward card payments #Malaysia strikes a balance, blending mobile wallets and cards. Understanding these trends can enhance customer satisfaction, drive loyalty, and grow market share in Asia's fast evolving payment and card landscape. #Fintech #DigitalPayments #CardSpend

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