Tag: Hong Kong
Hong Kong Insights.
Hong Kong is the financial gateway to China. The city is not only one of Asia’s leading financial places, it is also a key asset as far as China’s trade policy is concerned. For decades, its regulatory system has provided investors and traders willing to do business in China with the stability they needed to enter the Chinese markets. In more recent times, the city’s aura has also developed in terms of Fintech policy and financial innovation.
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Read our Hong Kong Insights:
In this Asia-Pacific Insight, Fintech & transformation expert Nick Grenham explores recent developments related to open banking, virtual banks, Open API policy and financial inclusion in Hong Kong. While Hong Kong has made significant efforts lately to further develop its fintech policy framework, indeed questions remain as to whether recent initiatives will have enough teeth to change the lives of the many who still have limited access to finance in one of Asia's major financial cities. Open banking won't bring financial inclusion to Hong Kong, Grenham writes, unless...
In this Insight, M&A specialist Daniel de Blocq van Scheltinga comments on the development of the Greater Bay Area project. Although it has been around for some time, what the Greater Bay Area really is about remains unclair for many. although "it took a few years for the world to become familiar with the Belt and Road Initiative", the author writes, "it will not take as long for the world to be impressed by the Greater Bay Area as it witnesses the area's transformation into a vibrant, prosperous, and green world-class city cluster".
In this Insight, John Barclay and Teresa Tan (Primasia) comment on the recent enhancement of Hong Kong's Anti-Money Laundering (AML) framework. Following an initiative from the very international Financial Action Task Force (FAFT), Hong Kong has set up licensing requirements which will impact businesses. The question is how? Keep reading for more.
In this Asia Financial Insight, Jack Chia and Antoine Martin comment on the recent release by the Hong Kong Securities and Futures Commission (SFC) of a framework on the regulation of virtual Assets. Understand, cryptocurrencies and related investments. The initiative goes in the right direction, they conclude, and might help position Hong Kong as a moving-forward financial place. Considering the complexity currently surrounding Digital Assets and cryptos, indeed, regulating portfolio managers and fund distributors could bring certainty and trust to the market. The challenge, however, will consist in building a framework applicable to crypto exchanges, which remain the unregulated actor in the industry.
In this China Insight, Daniel de Blocq van Scheltinga comments on the opening of the Hong Kong-Zhuhai-Macao Bridge. While not long ago the world thought that China was merely able to copy technology, he writes, the inauguration of the 'Bridge of Dreams' suggests that significant change has happened. Overall, the Hong Kong-Zhuhai-Macao Bridge is not just a bridge. "The HZMB is a clear symbol of the New China: The old days of copycats are clearly over; it is breaking new ground and setting new standards for the world in many aspects of its economic achievements".
In this Asia-Pacific business Insight, we talk about doing business in China and explore Chinese markets with Laurent Timmermans, an entrepreneur, consultant, and educator, Founder and Managing Director of the Hong Kong-based Athenasia Consulting. As an expert in Hong Kong company formation and structuration, Laurent discusses business in two main ways. First, he explains the strategic role of the city when it comes to Asia and China trade, and he provides his views on how Hong Kong competes with Singapore and other places out there. Second, he elaborates on the increasing importance of regional technology, blockchain, and digitalization developments in terms of business management. His perspective can be summarized in …
On July 18th, 2018, the HKMA released its Open API Framework as a means to promote the development of Hong Kong's Fintech, banking and financial services industry. The initiative has been commented widely, and the idea that new applications will now be made available is often used as a conclusion. In this Asia-Pacific financial insight, Antoine Martin goes through the HKMA's Open API Framework document to explain its ins and outs. After a careful analysis of the document, he concludes that the stakes are much higher than mere flexibility. Especially considering the regulatory and financial burden to be imposed on banks.
Asia-Pacific Financial Markets Insights: Antoine Martin analyses the recent release of the Hong Kong Monetary Authority's (HKMA) Revised Guideline on Authorization of Virtual Banks. Hong Kong is one of the world's leading financial places, yet the city's banking offer is limited for many. This move by the HKMA creates a significant new potential from a financial services perspective, but there is more. The Revised Virtual Banks Guideline has several objectives. First, opening access to financial services to non-banks. Second, solving a market deficiency which so far has left many citizens un-banked. Third, pushing Hong Kong's Fintech policy a little further. Keep reading for more.
Asia-Pacific Fintech Insights: In may 2017 the FSDC released a Report named The Future of Fintech in Hong Kong as a means to help promoting the development of Hong Kong Fintech industry. The report has been commented widely, but it was mainly interpreted as pointing to the limits of Hong Kong's Fintech policy. In reality, however, this document is more like a business plan and roadmap on, as its title suggests, the future of Fintechs in Hong Kong. Hence, it deserves more attention.
Financial Markets: Antoine Martin comments on the introduction of Chinese companies into MSCI's Emerging Markets Index after three consecutive years of rejection
Asia-Pacific Financial Insights: The Hong Kong – China Bond Connect has recently made the headlines following a public announcement in March 2017 by Mainland China’s Premier that further fixed-income markets links would be established across borders. Would the news help reinforcing China’s and Hong Kong’s financial positions in the Asia-Pacific and globally? In this Hong Kong and China markets insight, Pascal Charlot and Antoine Martin analyze the recent developments and explain their financial relevance.