Insights
Why Asia needs its own gold hub
Gold has always played a special role in Asian cultures and history. Over the past decade, global demand for gold has increased exponentially. Asian countries have notably overtaken Western markets to become the largest importers of gold. Despite this shift in demand, the price discovery, clearing, and settlement of the yellow metal continue to concentrate in Western time zones. Hong Kong has a timely opportunity to become a gold hub for Asia.
How Hong Kong’s e-MPF can deliver on its promise
The eMPF has completed full on-boarding in May. However, the process over the past two years has frustrated many MPF members, employers, and industry participants. Many reasons have contributed to the issues -- some being structural going back to the beginning when the MPF system was created. Looking forward, however, the eMPF platform presents a historic opportunity to build a smarter, fairer, and more competitive retirement system for Hong Kong.