David Rice

Developments driven by a combination of innovation and sustainability point to long-term growth and an acceleration of the green transition, argues Bonnie Y Chan, Chief Executive Officer, Hong Kong Exchanges and Clearing Limited (HKEX) #AMNC24

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It was truly delightful to meet again with Prof Lawrence Loh and our #GCNS partners at the recent sustainability course! 🌍 Discussing the importance of sustainability in today's business landscape on the Climate Risks, Opportunities & Sustainable Finance was incredibly enlightening. The insights from the course were truly invaluable. Key takeaways include the importance of: 1️⃣ Understanding the specificity of the sustainability problem. 2️⃣ Setting clear aspirations with the end goal in mind. 3️⃣ Understanding the broader context. 4️⃣ Carrying out right execution to ensure effectiveness. These principles are crucial as we strive to make meaningful impacts in sustainability. #SustainabilityStrategy #ContinuousLearning #ImpactfulChange Thank you Lawrence Loh Terence Tan Lutfey Siddiqi

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💡The Singapore FinTech Festival 2024 is baaaaack! 🔦 Spotlight will be on Artificial Intelligence and Quantum Technology. Sopnendu Mohanty / 漠汉帝 / 模範帝 / सोपनेंदु / ସୋପ୍ନେନ୍ଦୁ , Chief FinTech Officer of the Monetary Authority of Singapore (MAS) and Chairman of Elevandi Board said, “The financial services sector is at a critical inflection point, with AI and Quantum Computing poised to revolutionise the global financial ecosystem. SFF 2024 will seek to align technology, innovation, and regulation so that these transformative technologies are deployed with strategic foresight, collaboration, and adaptability to unlock new opportunities for economic and industry growth and resilience. Harmonising global FinTech regulations that support innovation, fostering cross-border collaboration on payments and credit, and ensuring a secure, inclusive, and sustainable financial ecosystem powered by responsible adoption of AI and Quantum Technologies will be the primary focus of SFF 2024.” “SFF will also feature the following highlights: ➡️ Invitation-only Dialogues and Signature Side Events such as the Insights Forum™ will convene 1,500 senior policymakers, top industry executives, and investors for leadership dialogues and collaboration discussions. ➡️ This year, the Global FinTech Hackcelerator, organised by MAS and in partnership with Elevandi is looking for innovative solutions to address problem statements centred on Improving Financial Health. ➡️ Blockchain Guardians Programme : a new skills-based learning initiative will commence on 2 September 2024. ➡️ Five Thematic Zones – Technology Zone, 🍀 ESG Zone, Regulation Zone, Founders & Investors Zone, and Talent Zone – where attendees can participate in dialogues, workshops, and explore an international showcase of the latest FinTech solutions. ❤️ MAS will also be introducing founder- and investor-focused mentorship sessions, masterclasses such as The Art of Storytelling, a spotlight on 🙋‍♀️women entrepreneurs, mental health and wellness workshops, and an alumni meet-up for past participants. ➡️SFF MeetUp , a new networking initiative, is expected to facilitate 20,000 meetings at the Festival.” 📒Registrations are open at https://lnkd.in/gtKbFp3E Read the full release on https://lnkd.in/gAk8GrsR #Fintech #AI #quantum #Talent #ESG

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Excited to launch our first Fund under the VCC entity set up in SG. We promise to bring exclusive products for AI/PI clients every quarter and have started by bringing GQG Partners to Asia! A big thanks to Sumeet Bhambri, Dany Dupasquier and our functional partners for this! Standard Chartered Standard Chartered Wealth Insights #wealth #wealthsolutions #wealthmanagement #investments #investment #funds #mutualfunds #unittrust #wealthadvisory #advisory

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A brief view on USD/JPY in our fx column after the choppy session https://lnkd.in/gfFdaD3V

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The tourism sector in #ASEAN is booming. #APAC destinations are trending, and half of the top 10 spots are in the APAC region. According to our #Mastercard Economics Institute, #Thailand's tourism is expected to fully recover this year, with total visitor arrivals now only 7% below 2019 pre-pandemic levels. Interestingly, inbound flight traffic from South Asia and the ASEAN region to Thailand is nearly 20% above 2019 levels. We are not even at the halfway point of the year, and exciting times are ahead for travel in APAC! 🛫 More: https://lnkd.in/eScmcrCS

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We had a good session with our unitholders attending our AGM. FY2023 is characterized by sticky inflation leading to unpredecented and record interest rates rises. Management & Board provided insights to unitholders: ✅ The rationale for undertaking the key initiatives we undertook Early amidst rising interest rates environment to Reinforce our balance sheet, Recycle our Capital and Rejuvenate our Assets. ✅ While #ELOG enter 2024 with a robust and stronger balance sheet with no refinancing and high fixed rate hedges, the key risks of (a) Inflation (b) “Higher-for-Longer” Interest Rates (c) Impact of Higher Discount and Capitalization Rates on Valuation & Gearing and (d) Business Confidence remains. ✅ Our views and strategies on how we intend to manage these risks while continuing to leverage on good opportunities to improve our portfolio quality, DPU and NAV. Unitholders not only asked questions on our strategies, they gave feedback & valuable suggestions —> We believe that’s how AGMs should be. There was good decorum and mutual respect for one another. We thank Unitholders who gave Management & Board compliments as it means a lot to us. As per our tradition, we ended the AGM with a sit down lunch with our unitholders and we thank our Board of Directors staying back and interacting with our Unitholders. #ESR #ESRLOGOSREIT #AGM

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HSBC AM Unveils Senior Appointments in North Asia: The asset management arm of HSBC has made some organizational changes and announced senior appointments for its North Asia business. #HSBCAssetManagement

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Embracing Digital ID : Accelerating Digital Transformation in Hong Kong's Financial Services Industry The Financial Services Development Council released a research report titled “Embracing Digital ID: Accelerating Digital Transformation in Hong Kong's Financial Services Industry”. The rapid expansion of the digital economy, driven by the widespread adoption of digital channels, has positioned digital identity (ID) solutions as a critical enabler for Hong Kong's financial services industry. These systems enhance transaction security, improve efficiency, and increase inclusivity. By fostering innovation and complying with regulatory standards, digital ID solutions are instrumental in strengthening the city's status as a leading international financial centre. The paper presents key recommendations to foster an ecosystem conducive to the development and adoption of digital ID systems, with a focus on driving innovation and collaboration within the financial services industry. #digitaleconomy #HongKong #FSDC #digitaltransformation #ID

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Thrilled to be a supporting organization for this wonderful initiative from Hong Kong Monetary Authority (HKMA) and happy to see many friends and our fintech community in the event last Friday. Stay tuned and more is coming! #fintech #regtech #AI #greenfintech #insurtech #wealthtech #blockchain #genAI

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Join this LSEG Academy session with Zhaoyi Yang and Wilson Teo as they provide an analysis of macroeconomic backdrop and the fixed income market performance 2024 YTD for the Asia Pacific region vs globally. https://lseg.group/3UEXv8Y

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Exciting new developments in ASEAN's cross-border payment landscape 🔥 1️⃣ Laos and Brunei joined the Regional Payment Connectivity (RPC), expanding the network to eight ASEAN central banks alongside Singapore, Indonesia, Malaysia, Philippines, Thailand, and Vietnam. The initiative will help to make cross-border payments faster, more affordable, transparent, and inclusive, to improve payment connectivity across the region. Read more here ➡ https://lnkd.in/gQSruM4Q 2️⃣ Negotiations are underway for the ASEAN Digital Economy Framework Agreement (DEFA), which holds the potential to propel ASEAN's digital economy to US$2 trillion by 2030, doubling the current trajectory. Read more here ➡ https://lnkd.in/gUSKyXXX As the ASEAN market continues to evolve, we are happy to play our part by providing easier access to international markets for SMEs across the region, with Aspire's financial solutions empowering their expansion plans. Where do you see ASEAN heading in the next 5 years? Let me know your thoughts. #fintech #asia #payments

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Ahead of World Economic Forum’s Annual Meeting of the New Champions #AMNC24 in Dalian, China tomorrow, HKEX CEO Bonnie Y Chan shared how China is playing a leading role in driving a new wave of innovation and detailed four reasons why it’s an exciting time for Asia’s financial markets. Read her new article for the forum here: https://lnkd.in/g_khRGag And stay tuned for more updates and insights from #HKEX at #AMNC24 this week! 

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𝗨𝗻𝗿𝗮𝘃𝗲𝗹𝗶𝗻𝗴 𝘁𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲: 𝗛𝗞𝗠𝗔'𝘀 𝗧𝗼𝗸𝗲𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗩𝗲𝗻𝘁𝘂𝗿𝗲 𝘖𝘯𝘤𝘦 𝘢𝘨𝘢𝘪𝘯, 𝘵𝘩𝘪𝘴 𝘪𝘴 𝘢𝘣𝘰𝘶𝘵 𝘵𝘩𝘦 𝘛𝘰𝘬𝘦𝘯𝘪𝘻𝘦𝘥 𝘈𝘴𝘴𝘦𝘵 𝘗𝘳𝘰𝘫𝘦𝘤𝘵 𝘪𝘯 𝘵𝘩𝘦 𝘸𝘰𝘳𝘭𝘥 𝘰𝘧 𝘋𝘪𝘨𝘪𝘵𝘢𝘭 𝘍𝘪𝘯𝘢𝘯𝘤𝘦 In the bustling financial hub of Hong Kong, the Monetary Authority (HKMA) unveils its latest endeavor—a groundbreaking initiative to reshape the landscape of cross-border payments and tokenization. Enter the Project Ensemble Architecture Community. This community is poised to revolutionize the way assets are tokenized in Hong Kong. By fostering collaboration between industry stakeholders, it aims to establish standards and provide guidance to propel the development of Hong Kong's tokenization market. At its core, the community seeks to develop industry standards to ensure interoperability between wholesale Central Bank Digital Currencies (wCBDCs), tokenized money, and tokenized assets. Its recommendations will initially focus on establishing mechanisms to facilitate seamless token deposit settlements across banks via wCBDCs for tokenized asset transactions. But what sets this initiative apart is its diverse composition. With representatives spanning regulators, international organizations, academia, local and multinational banks, key players in the digital asset industry, and technology firms, the community boasts a wealth of expertise and experience. And the timing couldn't be more opportune. As the world grapples with the complexities of cross-border payments, HKMA's initiative offers a glimmer of hope. By streamlining tokenization processes and fostering collaboration, it holds the promise of addressing longstanding challenges in cross-border payments in Asia. This venture is not just about reshaping the financial landscape—it's about unlocking new possibilities and driving innovation. It's about paving the way for a future where cross-border payments are seamless, efficient, and inclusive. As HKMA embarks on this journey, one thing is clear: the future of cross-border payments is here, and it's tokenized. This is very interesting, thank you for sharing, Theodora Lau 😍🌷🙏 #FinancialRevolution #BankingInnovation #GlobalFinance #InvestmentBanking #Swift #CrossBorderPayment #RadithyaCoPartner #MataramPostmo #SolarNet #MPPlusStrategy #Blockchain #DeFi #Fintech #WealthAssetManagement #AssetManagement #CBDC #StableCoin #Crypto #DecentralizedEcosystem #FinancialTechnology #KHMA

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Investors are growing increasingly positive on China’s long-term growth prospects but are “underinvested” in the world’s second-largest economy, according to Bonnie Chan Yiting, the CEO of Hong Kong Exchanges and Clearing (HKEX) at the UBS AIC was today. #china #growth #hongkong #capitalmarkets #wealthmanagement UBS Bonnie Y Chan Hong Kong Exchanges and Clearing Limited (HKEX) Amy Lo, JP

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💡 How can a bank cost-effectively monitor and benchmark its progress towards net-zero?  Cogo – the winner of Theme 1: “Net-zero Transition or Transition Planning” in HKMA’s Green Fintech Competition🌱, seeks to answer this question. Cogo’s SaaS solution is designed to support retail and commercial banking customers across the world, encouraging them to be more conscious of their impact on the planet and make advancements in their decarbonisation journey. To achieve this, two solutions are provided to help banking customers to measure, understand, and reduce their environmental impact: 1.   The Personal Carbon Manager tracks the carbon footprint 👣 of retail customers' spending, offering reduction insights and enabling banks to personalise green financial products. 2.   The Business Carbon Manager aids SMEs in adopting a low-carbon model, with tools for measuring and managing emissions. Integrated with Xero, it assists in creating GHG Protocol-compliant reports and setting decarbonisation targets. A big congratulations to Cogo! Learn more about their innovative solution here: https://lnkd.in/eumwmriX Read the full competition report: https://lnkd.in/gxBZqKKT #HKMA #Cogo #NetZero #LowCarbon #Fintech #GreenFinance #FinancialServices #GreenFintech #SustainableBanking #GreenFintechCompetition  

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#Maybank Research Pte based in #singapore (under Maybank Group) in her recent report forcasts #vietnam and other 5 ASEAN economies secure the positive GDP growth rate in 2024 and 2025. The gross domestic product (#GDP) growth of six ASEAN countries - Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam - will recover to 4.5% and 4.7% in 2024 and 2025, respectively, from 4% in 2023, according to Maybank Research Pte Ltd forecast. In a report 'ASEAN Frontiers: The New Trailblazers', researchers from Maybank said the recovery in GDP growth will be driven by manufacturing and exports, particularly electronics, which are supporting a modest growth recovery in the first half of the year. Maybank also said that artificial intelligence (#AI), data centre boom, and broadening global #electronics demand are brightening the trade and foreign direct investment (#FDI) outlook. https://lnkd.in/dPfKm7JZ

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