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US fintech firm iCapital doubles prime office space in Hong Kong amid wealth boom
Fintech company iCapital has more than doubled its office footprint in Hong Kong, leasing a 9,000 sq ft space in One International Finance Centre in the city’s Central business district as it staffs up to capture rising demand for wealth-management services in Asia. The US company, which opened its office in Hong Kong five years ago, is preparing for its next stage of growth, said Tuan Lam, head of Asia-Pacific at iCapital. The firm’s previous office was in the St George’s Building on Ice...
US agency goes back to the future to take on China’s Belt and Road Initiative
US agency goes back to the future to take on China’s Belt and Road Initiative The US International Development Finance Corp mixes national security and foreign investment in its supply chain quest Created in 2019 during President Donald Trump’s first administration, the US International Development Finance Corporation (DFC) puts its money into private-led projects rather than those led by the state, as is often the case with China. The agency operates in more than 100 countries, mostly in...
What Beijing’s shrinking youth population reveals about its changing appeal
What Beijing’s shrinking youth population reveals about its changing appeal Beijing’s resident adult population aged 20 to 29 has nearly halved over the past decade. CNA explores how young Chinese are recalculating the costs and benefits of life in the capital, even as it remains a magnet for talent. BEIJING: Zhao Haozhe, 20, has never lived anywhere but Beijing.
AI and energy security drive investment focus at Baku Energy Week 2026
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Indonesia passes bill expanding central bank role to spur growth
Indonesia passes sweeping bill expanding central bank role to spur growth JAKARTA, June 4 : Indonesia's parliament on Thursday passed sweeping legislation that doubles down on Bank Indonesia's role to support growth, while empowering lawmakers to make binding recommendations for independent financial regulators and the central bank. The bill has added to investor concerns about the possibility of political interference in the central bank to ensure compliance with President Prabowo...
Hong Kong wants to be a bridge between Central Asia and Chinese businesses
High-level Hong Kong delegation visited Kazakhstan and offered new partnership in several economy sectors including professional services for companies attempting to enter respective markets. Hong Kong's Chief Executive John Lee visited Kazakhstan with the largest delegation he has led on any foreign trip — 75 officials and entrepreneurs representing logistics, green energy, mining, technology and education — as China's trade with Central Asia grew 12% year on year. Kazakhstan's President...
After cutting 8,000 jobs, Mark Zuckerberg may have found a new way to fund Meta’s AI dreams
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Candidates for UN's top job urge its renewal and bolstering human rights
Candidates for UN's top job urge its renewal and bolstering human rights GENEVA: Several candidates running to be the next head of the United Nations called for a strengthening of human rights and respect for international law and bolstering the organisation through reforms during a debate in Geneva on Tuesday (Jun 9). Four of the five candidates to succeed Secretary-General Antonio Guterres, who completes his second five-year term at the end of this year, laid out their visions for the role...
Confirmed Ebola cases pass 550 after US warning spread could match record outbreak
Confirmed Ebola cases pass 550 after US warning spread could match record outbreak Local officials say more than 90 people have died across the Democratic Republic of the Congo and Uganda - Bookmark - CommentsGo to comments The number of confirmed Ebola cases in the Democratic Republic of the Congo (DRC) has risen to 544, in the wake of the US’s health protection agency warned the outbreak could become the largest on record. The epicentre is in DRC’s Ituri province, where Africa’s top public...
Hong Kong is emerging as a leading capital hub of the multipolar era
Hong Kong is emerging as a leading capital hub of the multipolar era As wealth creation’s centre of gravity shifts, expect Hong Kong to not only survive but also gain renewed strategic importance For years, Hong Kong’s obituary has been repeatedly written by international commentators. Geopolitical tensions, pandemic isolation, concerns over capital flight and questions surrounding the city’s future contributed to a narrative of irreversible decline. The symbolism is difficult to overstate.