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Regulators

Hong Kong issues generative AI guidelines to banks to avoid bias against consumers

by Anas Siddiqui
Hong Kong issues generative AI guidelines to banks to avoid bias against consumers

Hong Kong’s de facto central bank is urging financial institutions in the city to follow a new set of guidelines when using generative artificial intelligence (GenAI) in consumer-facing applications, as …

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China’s stock investors cannot gauge sentiment as regulator cuts access to key data

by Anas Siddiqui
China’s stock investors cannot gauge sentiment as regulator cuts access to key data

China’s stock exchanges have stopped real-time data feed on foreign inflows into onshore equities from Monday, stripping domestic traders of a gauge of market sentiment, as regulators seek to downplay …

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CrowdStrike blames defect in content update for epic global tech outage

by Walter Watson
CrowdStrike blames defect in content update for epic global tech outage

CrowdStrike is blaming a bug in an update that allowed its cybersecurity systems to push bad data out to millions of customer computers, setting off last week’s global tech outage …

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Absa aims to use new Beijing office to strengthen China-Africa business ties

by Walter Watson
Absa aims to use new Beijing office to strengthen China-Africa business ties

Absa Group, one of Africa’s largest diversified financial services companies, aims to build stronger ties with Chinese firms as part of its global expansion strategy, amid growing investment and trade …

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Chinese companies rush to raise dividends, buy back shares in Japan-style reform

by Anas Siddiqui
Chinese companies rush to raise dividends, buy back shares in Japan-style reform

China’s measures, designed to improve investor returns and announced in March, have triggered a solid rebound in stocks; the benchmark CSI300 index is up almost 17 per cent from February’s …

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UK to inspect all Indian spice imports after Singapore, Hong Kong suspend 2 brands over contamination allegations

by Walter Watson
UK to inspect all Indian spice imports after Singapore, Hong Kong suspend 2 brands over contamination allegations

Britain’s food watchdog has applied extra control measures on all spice imports from India, it said on Wednesday, becoming the first to ramp up scrutiny of all Indian spices after …

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Killer robot arms race: AI faces its ‘Oppenheimer moment’

by Walter Watson
Killer robot arms race: AI faces its ‘Oppenheimer moment’

“This is the Oppenheimer Moment of our generation,” said Austrian Foreign Minister Alexander Schallenberg, referencing J. Robert Oppenheimer, who helped invent the atomic bomb in 1945 before going on to …

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Bitcoin the main attraction at Hong Kong Web3 Festival ahead of ‘imminent’ ETF approval

by Anas Siddiqui
Bitcoin the main attraction at Hong Kong Web3 Festival ahead of ‘imminent’ ETF approval

Hong Kong’s biggest annual Web3 gathering concluded on Tuesday with industry executives looking to capitalise on the ballooning bitcoin price ahead of what is expected to be the city’s imminent …

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