Kazakhstan's Altyn Bank, backed by China Citic Bank, is seeking partnerships with Hong Kong financial institutions and investors to develop new financing channels for Central Asia via the city's offshore renminbi market. The bank's chairman noted three clients are exploring dim sum bond issuance.
Hong Kong considers launching an offshore renminbi venture fund to invest in cutting-edge tech and emerging industries, supporting yuan internationalisation.
Trainer David Hayes is optimistic about his chances at Sha Tin on Sunday, highlighting My Mars and Happy Promise as his strongest contenders. He aims to close the gap in the trainers' championship.
Kazakhstan aims to deepen financial services cooperation with Hong Kong, viewing it as a hub for renminbi capital access via bond issuances. The Central Asian country also seeks institutional and technological integration in areas like digital finance and AI.
Disruption in the Strait of Hormuz, a critical chokepoint for global oil and LNG trade, has demonstrated its potential to trigger macroeconomic events. The incident caused a historic drop in global oil supply and a significant surge in oil prices, underscoring the vulnerability of the global economy to such strategic maritime routes.
