Seleted Filters: Digitalisation
HSBC Singapore today announced a trial with Singapore Exchange (“SGX”) and Temasek to explore the use of distributed ledger technology (“DLT”) for the issuance and servicing of fixed income securities, the first such end-to-end digitalisation initiative focusing on the Asia bond markets.
Singapore got the expansionary Budget it needed with big-ticket items aimed at driving domestic spending in areas like social services, health and infrastructure.
Cities are the lifeblood of the global economy. About 4.2 billion people live in cities across the world and this will rise to 5.2 billion by 2030 and 6.7 billion by 2050, according to the United Nations. Some 85 per cent of global growth could be generated in urban areas over the next decade.
The southern Malaysian region of Iskandar, which includes Johor Baru, is a classic example of the opportunities - and challenges - that come with the rapid urbanisation that is taking South-east Asian economies by storm.
Key themes emerged from HSBC’s China Connections event in Shanghai in October, when businesses from around the world gathered to explore growth opportunities in China.
Singapore's move to recognise how cloud computing is changing the way the financial sector and global economy will work puts the country at the cutting edge of the world's most potent technological revolution to date.