James Lau Starts US Visit
Secretary for Financial Services & the Treasury James Lau started his visit to San Francisco yesterday by promoting Hong Kong as a fintech hub and meeting with sector experts to explore collaboration opportunities.
He visited the Envestnet | Yodlee Incubator and met its management team to discuss fintech trends and infrastructure support for fintech developments in Hong Kong.
Mr Lau then attended a luncheon organised by the Hong Kong Economic & Trade Office in San Francisco and the Plug & Play Tech Center.
The centre is an accelerator specialising in growing tech startups and connecting them with corporate partners for business development.
Giving a keynote speech at the event, Mr Lau emphasised Hong Kong has emerged as the link between the East and West in the expanding area of fintech.
He later visited the BNY Mellon Silicon Valley Innovation Center and met Stanford Graduate School of Business professors.
He ended the day by having dinner with venture capitalists and leaders of fintech companies to discuss global financial innovation and the investment opportunities Hong Kong can offer.
US Stocks Rise On Hopes Of Pause In Rate Increases
Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more
China's Financial Risks 'controllable': Regulators
The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more
Banks Cut Yuan Deposit Rates, Could Boost Consumption
China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more
Cheese And Wine Put EU, Australia Deal In Peril
Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more
US Stocks End Mixed As Tech Shares Are Sold Off
Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more
Amazon 'plans Prime Video Streaming Service With Ads'
Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more