The Quantum Race Is Heating Up, and Governments Worldwide Are Buying In -- Barrons.com

Barron's00:06

Market Chatter: HSBC May Have $400 Million Exposure to Struggling UAE Firm IFFCO

MT NewswiresJun 12 22:34

GUM: Estimates HK$4.33 billion net inflows into equity funds in May, the highest in nearly 12 months

As of May 31, total assets in the Mandatory Provident Fund (MPF) market rose by 3.2% to HK$1.69 trillion.

Zhitong FinanceJun 12 21:36

Express News | HSBC is reported to have a $400 million exposure to the troubled UAE-based company IFFCO.

BreakingsJun 12 21:28

Zhang Yunzheng of the Hong Kong Insurance Authority: At least three private enterprises from the Greater Bay Area will establish captive insurance companies in Hong Kong in the coming months.

Zhang Yun, Executive Director of the Insurance Authority of Hong Kong, stated at the Caixin Summer Summit that in the coming months, several—likely at least three—private enterprises headquartered in the Greater Bay Area will join the ranks of those establishing captive insurance companies in Hong Kong.

Zhitong FinanceJun 12 15:40

Zhang Yunzheng of the Insurance Authority: Enhanced cross-border capital flow supervision aims to combat non-compliant activities; the market need not be overly concerned.

Mainland authorities have recently intensified oversight of cross-border capital flows. Responding at a summit, Zhang Yunzheng, Executive Director of the Insurance Authority, stated that this move was prompted by illicit actors using specific channels to conduct unauthorized cross-border financial activities. He emphasized that regulating such conduct is entirely appropriate; otherwise, it would deviate from the role assigned to Hong Kong by the nation. He stressed that enhanced supervision aims to combat non-compliance and underscored that the priority lies in strengthening legitimate regulatory frameworks while reinforcing formal channels of connectivity between the two regions. The market need not be unduly concerned, as robust regulation will ultimately benefit Hong Kong’s long-term development.

AASTOCKSJun 12 12:21