Finance chief upbeat over Hong Kong’s financial centre role
With the internationalisation of the renminbi, Hong Kong will play an even bigger role as an offshore renminbi business hub, Paul Chan Mo-po said.
Big Picture
World Bank revises upward Malaysia’s 2022 GDP growth forecast to 6.4%
Data showed that the economy had expanded above expectations in the first half of the year, driven by better domestic consumption and robust export growth.
Governments dangle carrots to woo global talent
Across the world, countries have been overhauling their immigration programmes and offering a range of incentives to would-be migrants.
Renminbi’s global use set to expand
Experts said the rising global profile of the renminbi can contribute to the world's shift to a multipolar currency system that is less dependent on the greenback.
Hong Kong ranked fourth among global financial centres
Despite the fall in the latest ranking, the city increased its score from the previous ranking by 10 points to 725 points, just one point lower than Singapore.
Shenzhen aims to be fintech hub
A draft plan from the government stated Shenzhen will build five industrial parks and office clusters oriented toward fintech development.
‘Hong Kong should offer more incentives to attract, retain talents’: PricewaterhouseCoopers
The accounting and consulting firm PwC noted that the rising tide of uncertainties in the global economy, coupled with internal constraints, have sapped its economic growth.
Japan’s consumer spending hit hard by emergency
According to reports, consumer spending was weak during the first quarter of the year due to the impact state of emergency declared in January.
China ‘key’ to global green transition
The establishment of new power systems will spur demand for smart power networks, virtual power plants and power trade, and boost investment.
Use of disposable cups soars during pandemic
Of the single-use cups consumed during the five years, only 27.5 per cent, or 238.57 million cups, were returned to the stores for recycling.