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29.11.25 - 03:06
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Hong Kong reaps the fruits of fintech seeds sown nearly 10 years ago (SCMP)
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When Alvin Kwock, co-founder of digital insurer OneDegree, took part in the inaugural Hong Kong FinTech Week in November 2016, it was held at a venue suitable for only a few hundred people.
“As it was the first ever fintech event in Hong Kong, only fintech start-ups were interested, no big financial institutions paid attention,” Kwock said. “People did not have a clear idea of fintech as it was still in an exploratory stage.”
In the years since, fintech in Hong Kong has gone through a sea......
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29.11.25 - 02:24
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Gold-backed lending glows in banks′ retail books: RBI data (Times of India)
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Gold loans are surprisingly leading retail credit growth, soaring 128.5% year-on-year. This surge, partly due to reclassification, now forms a significant portion of personal loans. While housing and vehicle loans also saw healthy increases, unsecured lending grew at a slower pace, indicating a shift towards secured borrowing in the retail credit landscape....
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28.11.25 - 19:24
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′The City can′t be taken for granted′: how banks won over Rachel Reeves (The Guardian)
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JP Morgan and Goldman Sachs to expand UK presence after sector was spared from higher taxes in budgetOver canapés of beef and stilton pie, bone marrow gravy and mushy peas, the financiers at JP Morgan's New York headquarters held their champagne flutes aloft for a toast: “His majesty the king”.Just days before Rachel Reeves's budget – amid the chancellor's efforts to soothe business fears and bond market jitters – Jamie Dimon, the Wall Street banking company's boss was hosting a birthday celebration for King Charles at it's new $3bn (£2.3bn) Manhattan headquarters. Continue reading......
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28.11.25 - 10:00
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China′s proposed new regulations on power banks worry producers and consumers. (SCMP)
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Chinese regulations that propose tighter technical specs for portable power banks are stirring unease among producers and consumers, as they could mean passengers are no longer allowed to bring such products on board flights.
According to a draft document from the Ministry of Industry and Information Technology (MIIT), which is soliciting feedback until December 11, all Chinese portable power banks would be required to disclose their battery type, production date and offer a recommendation for......
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