Posts

China Economic Quarterly Q3 2023

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 This issue provides an overview of the macroeconomic trends in Q3 2023, some policy updates and hot topic analysis.

Connecting Data_ Establishing Hong Kong as a Cross-Boundary Financial Data Hub

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  The financial services industry has become increasingly digitalised, with cross-border transactions  continuing to grow significantly and data connectivity being an imminent business need globally.  Similarly, within the Greater Bay Area (GBA), cross-boundary flow of data is crucial for the further  integration and connectivity of the financial services industry. A coordinated governance framework  and standard is key to facilitate data flow between Hong Kong and the rest of the GBA cities, and to  address operational challenges and compliance uncertainties to businesses operating across  multiple jurisdictions. Hong Kong, being the international financial centre (IFC) of Asia and already  possessing robust information and communications technology infrastructure and innovation  capabilities, has what it takes to become the financial data hub of the GBA to facilitate a frictionless  flow of data within the region.  

Global insights_ Experiences of Chinese students in the UK

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  China is the biggest undergraduate (UG) international  market for UK HE and the third biggest market overall  – more applicants apply through UCAS from China than  from either Wales or Northern Ireland. There were 33,195  Chinese applicants to UK UG studies in 2023.

Prospects for China’s Next-Generation Clean Low-Carbon Technologies

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The United Nations Climate Change Conference (COP27) officially concluded on November 20, 2022.  The most representative outcome of the conference was the agreement on a new loss and damage  fund, which not only creates a new platform for further cooperation among developed and developing  countries in dealing with climate risks but also highlights once again the importance of technology and  investment in addressing climate change and achieving the zero-carbon transition. 

THE FORECAST REPORT 2024

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  Macro economy – In 2024, the Chinese mainland economy  will gradually recover. Challenges, however, will still be  posed by the sluggish global economy; 

The New China Chic for Gen Z Consumers

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  Growing up as an only child in a particular era, and  being spoiled by two generations, Chinese Gen  Zers have developed unique characteristics. They  are confident and optimistic with no concern for  money.