BANKING SERVICES

02 October 2019

The Asia-Pacific (APAC) region in general, and China in particular, is becoming the world’s financial powerhouse, home to the lion’s share of the world’s leading financial centres, a comprehensive survey shows. More

hktdc research

Uzbekistan: On the Reform Path

25 September 2019

The new Uzbek government has adopted since September 2016 a number of economic liberalisation measures to restore internal and external confidence in Uzbekistan, transforming the double-landlocked Central Asian country into a more open and connected economy that works hand-in-hand with the BRI. More

venture hong kong

Blockchain pioneer picks Hong Kong

05 September 2019

Hong Kong was “absolutely the right choice” as Ledger’s Asia Pacific (APAC) home, the regional head for the French crypto-security giant Benjamin Soong asserted nearly one year after its October 2018 market entry into Asia. More

hktdc research

Hong Kong: The Key Facilitator for US and European Firms Venturing into the Greater Bay Area

03 September 2019

HKTDC conducted a joint survey with AmCham HK and EuroCham HK in April-May 2019 on US- and Europe-domiciled companies in Hong Kong to better understand their commercial view of the Greater Bay Area initiative. Of the 55 companies surveyed, many were eager to expand their Hong Kong operations to better capitalise on the opportunities, with the city’s professional services seen as having the highest potential for success. More

hktdc research

Sanctions Imposed on Mainland Chinese Persons for Fentanyl Trafficking

27 August 2019

On 21 August, the White House and the U.S. Treasury Department announced the addition of two entities (Qinsheng Pharmaceutical Technology Co. Ltd. and Zheng Drug Trafficking Organization) and three individuals of mainland China to the Specially Designated Nationals and Blocked Persons List for trafficking fentanyl to the United States. More

inside china

Tokyo-Beijing ties grow stronger

07 August 2019

The news that MUFG Bank – the largest banking group in Japan – has won approval to settle transactions in renminbi, the currency of Mainland China, is being seen by observers as a clear sign of a warming in relations between Tokyo and Beijing, as well as an indication of greater cooperation to come. More

venture hong kong

Matchmaker links corporates to banks

01 August 2019

Wherever they are, small and medium-sized enterprises (SMEs) may sometimes find the banking world hard to navigate and often confine their use of corporate banking services to account opening. More

hktdc research

Kazakhstan: Central Asia’s Global Financial Hub

31 July 2019

Kazakhstan’s Astana International Financial Centre is fast evolving as a ready connector for Central Asian enterprises to go global and foreign financial players to dip their toes in the burgeoning Central Asia market. As the international financial centre in Asia, Hong Kong is working closely with Kazakhstan in such sectors as banking and finance, legal and arbitration, start-ups, and education to turn vision into action. More

hktdc research

Hengqin Introduces Raft of Supply-Chain Finance Development Incentives

30 July 2019

Financial institutions in the Hengqin New Area are set to be boosted by a raft of new incentive measures. As announced by the Hengqin New Area Financial Services Bureau, such institutions are to be eligible to apply for a development grant of up to RMB5 million, while the same sum is on offer to any groups or individuals that can demonstrate they are bringing true innovation to the sector. More

first person

Simple accounts ease banking headaches

02 July 2019

Hong Kong has a well-deserved reputation as an easy place to do business. More

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