17 October 2017


  • The Shanghai Stock Exchange had around 860 listed firms by the end of 2007, but the number has now soared by nearly 60 percent to 1,357. Photo: Shanghai Stock Exchange

    Has Shanghai stock market really done so badly over past decade?

    - Oct 17, 2017 5:00pm
    The Hang Seng index recently closed at its highest level in a decade. In contrast, the Shanghai market hit 3,378 points, almost halving its previous high of 6,124 points set on Oct. 16, 2007. Does that...
  • JP Morgan says its new payment processing network powered by blockchain will ensure better efficiency and security. Photo: Bloomberg

    JPMorgan launches payments network using blockchain tech

    Oct 17, 2017 8:41am
    JPMorgan Chase has launched a new payment processing network that uses blockchain technology, undertaking an initiative in partnership with Royal Bank of Canada and Australia and New Zealand Banking Group. The Interbank Information Network will allow payments...
  • A British cyber-security firm believes a North Korea-linked hacking group may be responsible for a cyber-heist targeting a Taiwan bank. Photo: Reuters

    N Korea suspected to be behind Taiwan SWIFT cyber-heist

    Oct 17, 2017 8:31am
    A British technology firm believes the North Korean Lazarus hacking group may be behind a recent cyber-heist in Taiwan, the latest in a string of hacks targeting the global SWIFT messaging system, Reuters reports. “The likely...
  • Michael Ying Lee-yuen has transferred all his 211 million shares in Esprit to daughters Eileen and Claudine Lauren. Photo: Reuters/Internet

    Ex-Esprit chairman transfers HK$900 mln shares to two daughters

    - Oct 13, 2017 2:56pm
    He once was the chairman and chief executive of blue-chip fashion group Esprit Holdings (00330.HK), but he cashed out when its share price was near the peak. He is married to arguably the most beautiful actress...
  • Richard Thaler, this year's winner of the Nobel Prize for economics, established a fund that has far outperformed the S&P 500 in recent years. Photo: Reuters

    Nobel Prize winner Richard Thaler walks the talk

    - Oct 12, 2017 9:58am
    Many have viewed economists as individuals who live in ivory towers, spouting ideas and theories that may not work in real life. Richard Thaler, this year’s winner of the Nobel Prize for economics, is definitely an...
  • Despite being one of the leading virtual banks in the US,  Bank of Internet USA remains far smaller than traditional lenders like JP Morgan, Citi and Bank of America. Photo: YouTube

    Why virtual banking is far from being a disruptive force

    - Oct 6, 2017 10:40am
    The development of financial technology in Hong Kong has accelerated recently. Among others, local telecom giant CK Hutchison has teamed up with Alibaba-affiliated Ant Financial to operate the AlipayHK service. Also, the Hong Kong Monetary Authority...
  • IBM, in partnership with UBS, has been involved in creating a global trade finance platform based on blockchain technology. Photo: Bloomberg

    More banks join UBS and IBM trade finance blockchain project

    Oct 6, 2017 8:55am
    Four major banks have joined an initiative launched by UBS Group and IBM Corp that seeks to build blockchain-based technology to support trade finance transactions, Reuters reports. Commerzbank, Bank of Montreal, Erste Group Bank and CaixaBank...
  • Economic indicators have hinted at a revival in capital expenditure and consumer spending in Asia.  Photo: fashionnetwork

    Capturing Asia’s growth is a long-term endeavor

    - Oct 3, 2017 4:37pm
    Asian equities are set for a banner year, with the longest stretch of quarterly gains since 2013 driven by synchronized global growth and robust corporate earnings. As such, many investors are now questioning whether this stellar...
  • While technology can facilitate increased shareholder participation, it should only be used to enhance the physical AGM, not displace it. Photo: Wikipedia

    Why we still need physical AGMs

    - Oct 3, 2017 9:38am
    As a global asset manager, we are an active, engaged steward of investors’ capital. The visibility of this work, and that of the investment industry as a whole, is increasingly in the public spotlight. Through a...
  • Chinese automaker Geely is acquiring a Danish bank as part of a diversification drive. Photo: Bloomberg

    Geely to gain majority stake in Denmark’s Saxo Bank

    Oct 3, 2017 8:41am
    China’s Zhejiang Geely Holding Group will increase its stake in Denmark’s Saxo Bank to more than 50 percent by investing an additional US$300 million, Reuters reports. Geely said in May that it will take a 30...
  • A weakening of the exchange rate against the greenback or a rise in interbank rates are some of the preconditions needed to trigger a rate hike in Hong Kong. Photo:

    What is the chance of a rate hike in Hong Kong?

    - Sep 29, 2017 12:29pm
    US Federal Reserve chairwoman Janet Yellen has heightened expectations of another rate hike in December in her latest comments. The Fed “should also be wary of moving too gradually”, Yellen said in a speech delivered to...
  • The market for bond ETFs has allowed investors to easily enter the fixed income market without going through the OTC market. Photo:

    How fixed income ETFs impact the bond markets

    - Sep 29, 2017 9:18am
    Fixed income ETFs have seen exponential growth for more than a decade. Aside from bringing stable income and cost efficiency to both retail and institutional investors, the biggest driver behind such phenomenal growth is the fact...
  • A Macau company and a Thai firm are said to be planning what would be the world’s largest crypto-currency initial coin offering. Photo: Bloomberg

    Macau, Thai firms in tie-up over US$300 mln ICO plan: report

    Sep 28, 2017 8:39am
    A Macau company and Thailand-based firm are seeking to raise more than US$300 million through what would be the world’s largest crypto-currency initial coin offering (ICO), Reuters reports. A document shows that an agreement was signed...
  • Examples of "Smart Money" in the global financial markets are (from left) Li Ka-shing, Warren Buffett, Carl Icahn and George Soros. Photos: Bloomberg/Reuters

    Smart money or dumb money?

    - Sep 27, 2017 5:31pm
    What is “Smart Money”? By definition, it refers to sophisticated investors who have a comprehensive observation and understanding of the financial markets, those who often spot and foresee trends before others could, those who act with...
  • Central banks fear their ability to monitor the payment system would fall, and in an extreme scenario, they may even lose control of the money supply due to the rise of cryptocurrencies. Photo: Bloomberg

    The penny drops for central banks on cryptocurrencies

    - Sep 27, 2017 1:20pm
    Few issues in central banking are more likely to provoke anxiety than the fear of losing control of one’s currency. Earlier this month, the Chinese central bank banned initial coin offerings of bitcoin-based currencies, leading to...
  • The huge amount of data created in China could help the country take a lead in artificial intelligence. Photo:

    Why young Hongkongers should invest in Chinese tech giants

    - Sep 26, 2017 4:52pm
    I’m taking a short trip to Taiwan in the next few days, and learning about this, my friend eagerly recommended some must-go-to restaurants on the island. My friend is a typical young Hongkonger, who has bought...
  • Major stock-market indices hit record highs in September, in the United States and elsewhere, and equity prices are high relative to benchmarks like earnings and dividends. Photo: Reuters

    Why financial markets underestimate risk

    - Sep 26, 2017 10:41am
    During most of 2017, the Chicago Board Options Exchange Volatility Index (VIX) has been at the lowest levels of the last decade. Recently, the VIX dipped below nine, even lower than in March 2007, just before...
  • The strong first-half growth experienced in China will allow the People’s Bank of China to continue deleveraging efforts. Photo: China Daily

    A blended approach to enhance Asian bond returns

    - Sep 26, 2017 10:28am
    Asian bonds are rising in popularity. Vibrant economic growth, coupled with competitive yields and increased credit issuance across the Asian region, has garnered robust investor interest. Investment approaches to Asia’s bond markets, however, are not all...
  • A study shows high earnings growth does not reduce the likelihood of a bear market. Photo: Reuters

    Is a US bear market coming?

    - Sep 25, 2017 4:40pm
    The US stock market today is characterized by a seemingly unusual combination of very high valuations, following a period of strong earnings growth, and very low volatility. What do these ostensibly conflicting messages imply about the...
  • Although margin financing has been climbing in the A-share market, it remains well below the danger level. Photo:

    A-share market: Margin financing not the real threat

    - Sep 22, 2017 10:59am
    Both the Hong Kong and mainland markets have risen steadily in recent months. Still, many investors are very alert to potential risks. For instance, China’s margin trading and short-selling level reached 991.97 billion yuan as of...

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