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HKMA's updated rules conducive to virtual-banking development

...  de facto central bank last week issued a draft of the updated version of the guideline for public consultation. Some of the rules remain unchanged. For example, virtual banks looking to set up operat ...More

EJ Insight2018-02-14

Lunar New Year fireworks cancelled due to Tai Po bus tragedy

... gs at the Central Government Offices in Admiralty would fly at half-mast on Tuesday, and that members of the Executive Council and principal officials would observe one minute of silence before the co ...More

EJ Insight2018-02-13

Why China's A-shares may regain footing soon

... est No. 1 Central Document, which refers to the first policy statement of the year released by the central authorities. The document has emphasized the national strategy of rural vitalization. And aut ...More

EJ Insight2018-02-13

Why Taiwan will retain its allure despite the quake

... om Taipei central station to Taoyuan Airport, the main international gateway to the island. The direct journey takes 35 minutes. The line opened in March 2017 after taking 20 years to build. "This is ...More

EJ Insight2018-02-13

Debunking a myth about the Nobel Peace Prize

... rs of the central or federal legislature of a sovereign state, such as the US Congress or the British Parliament, while lawmakers of local legislatures aren't qualified to make any nomination accordin ...More

EJ Insight2018-02-12

Wanda Sports: Wander for wonders

... , China’s central bank, warned of the investment in "entertainment and football clubs". Zhou was closely followed by Pan Gongsheung, head of State Administration of Foreign Exchange, who compared inve ...More

EJ Insight2018-02-09

Digital currencies need strong global regulation: ECB's Mersch

Cryptocurrencies like bitcoin and the banks and financial firms that trade them need to be more closely regulated, a top European Central Bank (ECB) policymaker said on Thursday. "Any virtual currency ...More

EJ Insight2018-02-09

Rescuers pursue search for survivors in Taiwan quake

...  Taiwan’s Central Emergency Operation Center, nine people have died, including three tourists from mainland China, 270 injured and 22 missing as of 2:00 p.m. Thursday. At least four buildings collapse ...More

EJ Insight2018-02-08

National Anthem Law doesn't have to be controversial

... ions. The central people's government in Beijing has decided that a national law concerning the anthem should apply in Hong Kong. This is not all that surprising – it is in line with the laws on the n ...More

EJ Insight2018-02-07

Why I can't wait for the Open Day of Sai Wan

... nd of the central government's Liaison Office has always been an object of intense curiosity among Hongkongers. What does the building look like from within, what communications or surveillance infras ...More

EJ Insight2018-02-07

Banks still in testing mode on blockchain: JP Nicols

... en by any central government, yet being able to cross the border. But the technology limit right now is on its transaction processing speed and its capability on [transaction] volume, i.e. how many tr ...More

EJ Insight2018-02-07

SpaceX jumbo rocket blasts off from Florida in debut test flight

...  from the central rocket within three minutes of launch. That occurred seemingly without a hitch, the news agency said. Then, capitalizing on cost-cutting reusable rocket technology pioneered by Space ...More

EJ Insight2018-02-07

Vietnam sentences environmental blogger to 14 years in prison

A court in central Vietnam jailed a prominent environmental blogger for 14 years for abusing his democratic freedom and opposing officials on duty, Reuters reports, citing his lawyer. Vietnamese activ ...More

EJ Insight2018-02-07

Wall Street roars back in volatile session

... yields as central banks withdraw their easy money policies of recent years. “The markets went into being religiously over-bought to deeply over-sold in a matter of four trading days,” said Adam Sarhan ...More

EJ Insight2018-02-07

Market selloff deepens as fear spreads across Asia

... ped up by central banks’ stimulus for many years. Some analysts also say markets tend to get edgy when the US Federal Reserve has a new leadership. The new Fed chief Jerome Powell, who succeeded Janet ...More

EJ Insight2018-02-06

Shanghai stocks post biggest loss in two years

China stocks tumbled on Tuesday as a global market rout intensified, with the Shanghai index posting its biggest loss in nearly two years on worries that inflationary pressures will prompt central ban ...More

EJ Insight2018-02-06

US dollar holds firm as investors scurry to safety

... stralia’s central bank kept interest rates steady on Tuesday as expected and sounded upbeat about the country’s economy even as global markets went into a tailspin. -- Contact us at [email protected] C ...More

EJ Insight2018-02-06

Yuan faces appreciation pressure

... hina, the central bank may lower the daily fixing rate or use counter-cyclical adjustments to offset the currency appreciation pressure. The full article appeared in the Hong Kong Economic Journal on ...More

EJ Insight2018-02-06

Mega bridge project enters final stage before opening

... nt by the central government. Even if the acceptance process goes smoothly, there are still several issues to be resolved, including the construction of immigration ports for the bridge in Hong Kong, ...More

EJ Insight2018-02-06

Venezuela announces 99.6% devaluation of official forex rate

Venezuela's central bank on Monday announced a devaluation of more than 99 percent of its official exchange rate with the launch of a new foreign exchange platform, Reuters reports. The central bank s ...More

EJ Insight2018-02-06

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