MARKET SPOTLIGHT

Real-Time Payments: The Way Forward?

While some experts predict 80 per cent of global GDP will rely on real-time online payments by 2023, others still believe cash is king.

11 July 2018

Speaking at Seamless Asia 2019 – a showcase for innovative online payment systems – Paul Stoddart, Chief Executive of Vocalink, a London-based payment processing specialist, made a characteristically bold prediction.More

Topics: Information Technology, Banking Services, Hong Kong, market trends

Belt and Road Summit Attracted 5,000 Participants

The third Belt and Road Summit fostered concrete cooperation under the theme “Collaborate for Success”.

04 July 2018

The third Belt and Road Summit, jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), attracted some 5,000 participants from 55 countries and regions on 28 June at the Hong Kong Convention and Exhibition Centre. More

Topics: Hong Kong, Belt and Road initiative, hk platform

Brunei to Prosper from BRI-backed Refinery

US$15 billion China-invested refinery and petrochemical complex seen as essential part of the economic future of Brunei.

26 June 2018

The news that work on a 2.7km bridge connecting Bandar Seri Begawan, the Brunei capital, with the neighbouring island of Pulau Muara Besar (PMB) had been completed late last month marked the successful conclusion of the country's first Belt and Road Initiative (BRI) project. More

Topics: Chemicals, Hong Kong, Mainland China

Cautious Optimism over Trade

Hong Kong exporters remain largely positive about their business outlook despite the trade frictions between China and the United States.

22 June 2018

Sentiment among local exporters has not been much affected by the risk of a Sino-US trade war, according to a recent study by the Hong Kong Trade Development Council (HKTDC). More

Topics: Electronics & Electrical Appliances, Toys & Games, Hong Kong, Eastern Europe, hktdc products & services, export index

Enter the Dragon

The large and growing number of tourists from China is creating both opportunities and challenges to the global tourism market.

19 June 2018

Despite the fact that only 5% of mainlanders held passports, China unleashed 130 million outward-bound tourists last year.More

Topics: Tourism & Hospitality, Hong Kong, Mainland China

Belt and Road Gets Indonesian Boost

A flagship Indonesian Belt and Road site, the Morowali Industrial Park, received an extra US$1.22 billion in mainland investment.

08 June 2018

The development of the Belt and Road Initiative (BRI) in Indonesia received a big boost in late April after the Morowali Industrial Park (IMIP) received a new funding of US$1.22 billion from a major Chinese bank for the development of three new manufacturing plants. More

Topics: Mainland China, Southeast Asia, Belt and Road initiative, manufacturing industries

Scaling up through Hong Kong

Start-ups in Entrepreneur Day are capitalising on Hong Kong’s robust start-up ecosystem to innovate and launch solutions that aim to change the world.

29 May 2018

With a business-friendly environment, the city serves as a melting pot of knowledge and experience for start-up founders to gather and connect. More

Topics: Computer & Peripherals, Toys & Games, Hong Kong, hk platform, hktdc products & services

Bridging East and West

Turkey’s role as the link between Europe and Asia is set to benefit from the Belt and Road Initiative.

23 May 2018

For centuries, Turkey has been seen as a link between East and West, a vital crossroads for cultural and economic exchange. More

Topics: Building & Construction, Logistics & Supply Chain, Hong Kong, Mainland China, Belt and Road initiative

Rain of Hope

Belt and Road backing from China tackles water management issues in the Philippines.

15 May 2018

As with many of the most successful Belt and Road Initiative (BRI) infrastructure-redevelopment projects, many of China's investments in the Philippines advance the programme's overall objectives while also meeting key local needs. More

Topics: Engineering, Environmental Protection, Philippines, Hong Kong, Belt and Road initiative, weather

China Helps to Upgrade Bangladesh’s Infrastructure for Belt and Road

US$1.7 billion of Chinese backing set to deliver the first tunnel in Bangladesh for simultaneous road and rail transit.

08 May 2018

Construction work on the China-backed Karnaphuli Multi-Channel Tunnel Project in southern Bangladesh is now well under way. More

Topics: Building & Construction, Logistics & Supply Chain, Hong Kong, Mainland China, Belt and Road initiative, infrastructure

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