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Hong Kong: More HK firms to use AI: CE

In this article, we explain what Swap Connect is, how it will work, and the potential impact it will have on offshore investors.

The GBA's Wealth Management Connect has finally launched, enabling cross-boundary investment of financial products. Why is the scheme so significant?

By Reuters Staff (Adds more details, background) BEIJING, May 6 (Reuters) - China set an initial quota of 150 billion yuan ($23.2 billion) for transactions under its Wealth Management Connect scheme that links southern Guangdong province with offshore centres Hong Kong and Macau, according to draft rules published on Thursday. The cross-border pilot scheme, announced a year ago, allows residents of the two offshore centres and those in nine cities in Guangdong to buy financial products in the other markets. Net cash flows in either direction must not exceed 150 billion yuan and the individual...

Mingtiandi Username Eastern Hong Kong projects such as Swire’s One Taikoo Place weathered 2020 better than most locations Despite hopes for a recovery after this year’s pandemic-induced meltdown, property consultancies have issued cautious forecasts for Hong Kong in the new year, with office leasing in particular braced for a further decline after a battering in 2020. This year saw office rents in upmarket Central fall to their lowest since 2015, while tenant withdrawals in the city overall reached the highest level on record, according to a recent JLL analysis. New lettings in Central fe...