“Our first mission is not to talk about the hub,” he said. “The first mission is aiming at resolving this huge protection gap on natural catastrophes, which exists around the world [and], in particular, in this region and China.”Catastrophe bonds, or cat bonds, are a...
The sheer scale of this workforce transformation underscores the critical importance of developing a skilled labour force capable of supporting Asia’s energy transition. As the demand for renewable energy, energy efficiency and sustainable practices continues to rise, employers are seeking workers with specialised technical skills...
Under the mainland’s revised company law enacted in December, from July 1, the minimum ownership threshold for submitting shareholder resolutions to be voted on at shareholder meetings will be lowered from 3 per cent to 1 per cent.The move, together with the China Securities Regulatory...
The Kennedy-era guru on capitalism John Kenneth Galbraith presciently proclaimed in his 1967 book, The New Industrial State, that “the imperatives of technology and organisation, not the images of ideology, are what determine the shape of economic society”.According to the World Inequality Report 2022 stated,...
Financiers of nature-based projects that seek to reduce and capture carbon emissions while also enhancing developing nations’ resilience against climate change are focusing on investments that are viable even without carbon-credit revenues, according to Hong Kong-based capital providers.Such projects appeal to more mainstream investors after...
“With climate variability we see natural hazards impacting areas that in recent times may have been largely unaffected, meaning these communities are generally underprepared and may not have adequate insurance in place,” said Brad Weir, Aon’s head of analytics for reinsurance solutions for Asia.“There is...
Most plant life on the planet does the same thing, producing oxygen and energy for its own use in the process. But microalgae have a prodigious capacity for carbon dioxide relative to their mass, which is why Alcarbo – and many competitors – are racing...
The world is just beginning to see the worst impacts of climate change, and world leaders must put aside their distrust and geopolitical tensions to move “as fast as we can” to deliver on their decarbonisation commitments and prevent irreversible damage to the planet, one...
The government will develop “a holistic approach” that includes phased implementation of the disclosure requirements for “all financial services sub-sectors”, including listed companies, banks, fund managers, insurance companies and Mandatory Provident Fund trustees, Hui said.Screens show the Hang Seng Index and other market indicators inside...
Hong Kong and China Gas (Towngas) said it is under pressure to raise tariffs to keep up with rising costs and investments, after the city’s sole piped-gas supplier posted higher-than-expected profit.“We do face pressure to lift gas tariffs this year as we need to invest...