Hong Kong Tag

11 Apr China’s young ultra-rich seen reshaping wealth management, art collection and luxury spending: HSBC summit speakers

Posted at 05:56h in Asia

China’s young, tech-savvy, ultra-rich cohort is shaping the wealth management and luxury spending industries, including art collecting, according to experts at a conference in Hong Kong.“The asset management landscape in Asia is undergoing significant transformations due to changing demographics and digitisation,” said Chen Ding, the...

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10 Apr Microsoft’s head of Responsible AI flags cybersecurity dangers and benefits of the new tech at HSBC summit

Posted at 14:30h in Asia

The use of generative artificial intelligence (AI), the powerful tool behind OpenAI’s ChatGPT, could push the capabilities of cyberattacks to new heights while also offering new defence mechanisms, but most organisations are still learning to harness the tool, according to one of Microsoft’s leading AI...

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10 Apr Bitcoin the main attraction at Hong Kong Web3 Festival ahead of ‘imminent’ ETF approval

Posted at 13:30h in Asia

Hong Kong’s biggest annual Web3 gathering concluded on Tuesday with industry executives looking to capitalise on the ballooning bitcoin price ahead of what is expected to be the city’s imminent approval of spot exchange-traded funds (ETFs) for the virtual asset this month.Industry leaders attending the...

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10 Apr HSBC to host next investment summit in early 2025 after resounding success of ‘Hong Kong is back’ pitch

Posted at 11:33h in Asia

HSBC plans to host another global investment summit within the first four months of 2025 in the city, after this year’s sell-out inaugural conference drew 3,500 attendees, an overwhelming success that CEO Noel Quinn said was proof that “Hong Kong is back”.The bank hosted more...

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09 Apr Ethereum co-founder Vitalik Buterin makes last-minute appearance at Hong Kong Web3 Festival as city woos industry

Posted at 14:00h in Asia

Vitalik Buterin, co-founder of the Ethereum blockchain, made a rare last-minute appearance at a Hong Kong crypto conference on Tuesday, despite previously expressing scepticism about the city’s commitment to supporting the industry.Buterin gave two keynote speeches at the Hong Kong Web3 Festival on Tuesday, the...

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09 Apr Christopher Hui in New York to promote Hong Kong’s superconnector role in meetings with likes of Michael Bloomberg, Fed CEO

Posted at 12:00h in Asia

The Secretary for Financial Services and the Treasury will meet Michael Bloomberg, founder of financial media company Bloomberg and former New York City mayor, on Tuesday. He will also address local business and financial leaders.Hui will also join a round-table discussion on Tuesday regarding Hong...

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09 Apr HSBC summit: digital assets market at ‘tidal point’, Hong Kong best placed to drive it forward, bank’s global strategy head says

Posted at 11:12h in Asia

The market for digital assets is poised to take off this year and Hong Kong is best placed to develop it further after putting in place substantial regulatory frameworks and scoring key transactions, according to HSBC.“The market really is at its tidal point,” said John...

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09 Apr HSBC summit: Hong Kong’s financial ecosystem is robust, resilient and unwavering, HKMA’s Eddie Yue and SFC’s Julia Leung say

Posted at 10:30h in Asia

“You may still hear noises or perceptions … [that] Hong Kong’s growth as a financial centre is fading,” Yue said. “But if you look at the numbers, they paint for you a very different story.“Look at the facts. Hong Kong’s ecosystem is robust.”More than 2,500...

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09 Apr L’Occitane shares halted in Hong Kong as Blackstone said to prepare funds for privatisation bid

Posted at 08:04h in Asia

L’Occitane International’s billionaire owner Reinold Geiger and Blackstone are nearing a deal to take the skincare company private, potentially ending its 14-year of trading on Hong Kong’s stock exchange, people familiar with the matter said.Blackstone, the world’s largest alternative asset manager, may provide debt financing...

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09 Apr xFusion Technologies International Co., Ltd. leverages its world-leading expertise in computing infrastructures and green solutions to optimise clients’ digital transformation

Posted at 07:52h in Asia

[The content of this article has been produced by our advertising partner.]The digital age has seen a rapid shift in productivity, moving from general to intelligent computing. This shift is essentially an evolution of computing. The emergence of ChatGPT in 2023 and Sora in early...

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