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Quoteworthy:“Everybody is scared, including the biggest financial institutions.” - Wang Jiangyu, a law professor at the City University of Hong Kong, after China introduced a new set of security laws for Hong Kong.

Singapore’s bank lending hit by circuit breaker
Bank lending in Singapore fell for the third consecutive month in May, as both consumer and business loans took a hit from the “circuit breaker” measures restricting the operations of non-essential services throughout the month.

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Quantship uses AI to accelerate digitalisation of 'old-school' shipping industry

SINGAPORE (July 3): Digitalisation has undoubtedly emerged as a key priority for businesses around the world. However, certain industries have taken to the use of technology better than others. For example, the manufacturing and transport industries have generally been successful at going digital. But it seems the shipping line is a step behind: On a normal day, a commercial manager of a shipping company has to make a slew of decisions in the daily running of the cargo ships under his charge.

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Beyond the retail resurgence

Stronger trading interest from the small boys have helped lift the market. Is Singapore Exchange able to sustain its attractiveness for both institutional and retail investors?

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Derivatives trading see boost in volume, value amid Covid-19

SINGAPORE (July 3): The Singapore stock market was not the only market to see a spike in trading volume and value as the Covid-19 pandemic took the world by storm. The local derivatives market, too, experienced a similar situation.

According to statistics from the Singapore Exchange (SGX), the number of its derivatives contracts traded grew from 19.5 million contracts in January to 23.9 million contracts in February. The figure jumped to 32.9 million contracts in March. Compared to the same periods a year ago, all three months recorded a higher number of contracts traded.

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AMTD aims to be 'connector' for Hong Kong companies to list here amid geopolitical tensions

SINGAPORE (July 3): When Hong Kong companies list outside their home market, Singapore has traditionally been on the shortlist. Of the 700-odd companies currently listed on the Singapore Exchange (SGX), 24 are domiciled in Hong Kong, according to Bloomberg data. Many of these companies were listed on the local bourse after the British returned Hong Kong to China in 1997. Now, as geopolitical tensions have flared up, could more Hong Kong companies be listing their shares here?

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Different value propositions

SINGAPORE (July 3): In recent months, the traditional competition between SGX and HKEX, underpinned by Singapore-Hong Kong rivalry, has again come to the fore.

Both Singapore and Hong Kong had raced against each other to dish out digital bank licences to several companies. Geopolitical tensions between Hong Kong residents and the Chinese government have seen the transfer of wealth of high-net-worth individuals to Singapore, according to media reports, although the Monetary Authority of Singapore took pains to explain that the increases in fund inflows came from various sources.

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Assessing the risk scenarios: Selloff. Rebound. Now what?

(July 3): One of the biggest fears in the markets now is a second Covid-19 wave. A second confinement period to halt another outbreak is of particular concern, as it would halt economic activity again and destroy the nascent recovery. But we believe this is unlikely — at least for the time being. In the meantime, geopolitical risks have also crept back to the fore, starting with a rise in US-China tensions sparked by, amongst other things, a blame game over the virus outbreak and China’s plan to impose a national security law in Hong Kong.

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Will the iris herald the biometric revolution?

(July 3): The publishers of this magazine are housed in a simple building on Cecil Street. I last visited The Edge Singapore shortly before Covid-19. I was shocked that the method of identification at the lobby had not changed for decades.

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Covid-19: the changing fortunes of industries and how businesses can thrive

SINGAPORE (July 3): With the Covid-19 pandemic causing unprecedented disruptions, many companies have been compelled to respond with new ways of working and doing business. In hindsight, many are more certain of the need for digitalisation and transformation, whether seeing earlier investments now paying off, or recognising that they could — or should — have done more.

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Wirecard's end marks a new dawn for FinTechs

(July 3): On June 18, Markus Braun, the CEO of beleaguered German FinTech firm Wirecard, walked into the criminal prosecutor’s office in Munich and surrendered himself. The 50-year-old Braun, an Austrian, co-founded Wirecard in late 1999 at the height of the dotcom bubble. After several pivots and acquisitions, Wirecard morphed into a key cog in the global financial transactions technology supply chain. Yet, for some years now, the payment firm has been embroiled in a massive accounting scandal and the subject of a long-standing investigation by a team of Financial Times reporters.

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