Chinese investments abroad have been growing at an incredible rate in the past decade. The rise of the country as a major pillar in the world’s economy has led to an investment spree abroad by Chinese firms. These investments are a great way for the Chinese economy to continue to grow. Additionally, this has the...
Over the past few years, many countries have invested heavily in artificial intelligence programs led by UK and US. Interestingly, Asia is beginning to emerge as one of the largest regions that possess a potential for artificial intelligence. The AI market in Asia was worth $450 million in the year 2017. However, that figure is...
A recent report by PricewaterhouseCoopers (PwC) brings good tidings for Hong Kong’s financial markets. The report forecasts that the Hong Kong stock exchange HKEX can raise up to 300 billion dollars of capital through initial public offerings (IPOs) this year. According to the PwC’s report, there will be 200 public offerings altogether, 170 of which...
Hong Kong and Singapore are both in a fierce battle with each other to come out on top. The stakes that they are fighting for: Dominance in Asia as the most important financial center through their stock markets. While many countries in South East Asia have battled with each other for dominance in the centuries...
It is often said that a well-framed regulation is a catalyst towards innovation and rapid growth. If there is any live example of where regulation has acted as an instrument of growth, then it has to be Greater China. China recently announced the Belt and Road initiative, which is one of the most ambitious development...
Hong Kong is considered to be the hub of investment banking in China by many people. This is why many investors are moving to Hong Kong to live and invest their in the last few years. The reason for this attraction towards Hong Kong is the overlapping of private and investment banking. Unlike anywhere else,...
Asia Pacific Region Largely driven by the rising demand and the investments provided by government, the Asia oncology drug market has incurred revenues of approximately a million dollars in 2013. The industry has seen new entrants in the oncology drug manufacturing market recently. They have contributed to increase the overall market by 7.6%. Compared to...
On 15th May, 2018 the CFSG financial service providers introduced the first AI-powered financial application in Hong Kong that was targeted at the millennial generation. The app was launched in partnership with HKT, the broadband provider. The application that was introduced was named Alpha i. It aims to accomplish trades at eye blink pace. And...
Made in China 2025 (MIC 2025), an initiative to transform China into a hub for advanced manufacturing, has been met with curiosity, and some confusion, by observers since it was unveiled in 2015. The international business community is curious about how effective the policy will be. Many wonder whether MIC 2025 will end up like...
Recently, the city of Wuhan announced that they will be opening a police station run solely by artificial intelligence (AI), no employees need apply. Although the station would be limited to vehicle and driver related administrative work, the government anticipates increasing AI use in many other areas of governance. Automated government offices like these are...