Latest news with #Yue
RTHK
10 hours ago
- Business
- RTHK
Exchange Fund sees 'good returns' for 2025 H1
Exchange Fund sees 'good returns' for 2025 H1 Eddie Yue warns about uncertainties in the investment landscape in the second half of this year. File photo: RTHK The Hong Kong Monetary Authority on Thursday said the Exchange Fund recorded an investment income of HK$194.4 billion in the first half of the year. The income is a 76 percent surge compared to the HK$110.1 billion investment income recorded in the same period in 2024. However, HKMA Chief Executive Eddie Yue warned the investment landscape in the second half of the year remains highly uncertain despite the good returns seen in the first six months. In a statement, the HKMA announced that the total assets of the fund reached HK$4.29 trillion as of end-June, marking an increase of HK$216.1 billion from the end of 2024, with an accumulated surplus of HK$877.9 billion. It said the investment income included gains on bonds of HK$75.3 billion – a 30 percent surge year-on-year. The fund also recorded a HK$22.9 billion gain on Hong Kong equities and HK$27.4 billion on other equities. Yue said the global financial markets experienced 'significant volatility' in the first half of this year, especially following the 'aggressive tariff measures' announced by the US government in early April. But the global stock market rebounded with progress being made in tariff negotiations, leading to positive Exchange Fund returns, he said. However, Yue warned about uncertainties in the investment landscape in the second half of the year, saying the US government's uncertain economic and trade policies will affect international capital flows and companies' profits and investment decisions. 'Any increase in trade frictions or deterioration in geopolitical situations may cause a slowdown in global economic growth, and may also trigger a sharp reversal of market optimism, bringing shocks to the financial markets."
Yahoo
24-07-2025
- Business
- Yahoo
The Market Has Become 'Overly Excited' for Stablecoins, Hong Kong Financial Regulator Says
Companies looking to issue stablecoins should rein in their enthusiasm, especially when their main business is unrelated to digital assets, Hong Kong Monetary Authority (HKMA) CEO Eddie Yue, wrote in a blog post on the central bank's website. Some companies that don't have a business that is related to stablecoins — tokens whose value is pegged to other assets such as fiat currencies — or digital assets have announced their intention to develop a stablecoin business. As a result, "stock prices have risen, stock trading volume has increased, and the company's reputation has also been greatly improved," Yue said in the Wednesday post. "With the recent hot speculation of the stablecoin concept, the market has become overly excited," he wrote. The financial regulator's cooling note come as it is set to start licensing stablecoin issuers from Aug. 1 after passing a stablecoin bill in May. While 40 firms are set to apply for the regime, the HKMA is likely to approve fewer than 10. "In fact, we have made it clear earlier that at most only a few stablecoin licenses will be approved in the initial stage," Yue said. "In other words, there are many disappointed people." After the passage of the stablecoin bill, the regulator sought opinions on implementing its regulation and money laundering guidelines, something which it plans on publishing by the end of July, he added. The market capitalization of stablecoins climbed to more than $269 billion, according to CoinGecko data, following the signing into law of the U.S.' GENIUS stablecoin bill last week. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
24-07-2025
- Politics
- Time of India
Chinese artist Yue Yu calls for India-China reconnect through civilisational bond
Renowned Chinese Buddhist painter and scholar Yue Yu , whose unique artwork was presented to Prime Minister Narendra Modi during his China visit in 2015, says India and China should rediscover their deep-rooted civilisational friendship. Yue, director, chief artist and curator of Northwest University in China's Xian, the city synonymous with the ancient Silk Road , perceives China-India relations as a tree, which requires constant nurturing with water so that the relationship should be irrigated to keep it alive and growing. Explore courses from Top Institutes in Please select course: Select a Course Category Data Analytics Data Science Data Science Degree PGDM Operations Management Others Finance healthcare Digital Marketing Technology MCA Project Management Cybersecurity CXO Healthcare others Product Management MBA Leadership Management Artificial Intelligence Design Thinking Public Policy Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details The relationship between the giant neighbours requires careful nurturing with their civilisational values in mind, he told PTI in an off-the-cuff interview at a roadside restaurant here. Yue's informal interview comes amid the expectations of Modi's second visit to China to take part in the Shanghai Cooperation Organisation 's (SCO) summit to be held in the Chinese city of Tianjin late next month. Yue, who has never met Modi, says he developed respect and admiration for the Indian leader, especially for his devotion to his mother and his dignified style of dress and demeanour. Live Events "When I saw Modi washing his mother's feet, I was genuinely moved. That gesture spoke volumes about his character and values - it reminded me of our own cultural roots ," he says. Modi washed his mother's feet despite being the leader of a nation, which shows that he is a good human being, Yue says. When Modi made his first visit as Prime Minister to China in 2015 amid euphoria of a thaw in the frosty Sino-India ties, Yue had a challenging task. Yue was asked to create an enduring painting, symbolising centuries of India-China relations , to be presented to PM Modi. Yue, 72, who is specialised in Buddhist art , conceived a striking theme: a bust of Buddha from the era of China's only woman emperor, Wu Zetian, who ruled around 690 CE, embossed on a sacred Bodhi leaf symbolising Chinese Buddhism origins in India with a golden background. The painting won him accolades from China and India, besides Modi himself. Besides the powerful visual effect, the painting from Yue's point of view carried a powerful one-line message: "water the friendship between India and China with Oriental wisdom." Also, his choice of theme and effects was intentional, meant to give the artwork a sense of permanence. "The painting to be presented to the Prime Minister should endure forever, untouched by the ups and downs of India-China relations," Yue says in the off-the-cuff interview at a roadside restaurant here, reflecting on the art piece he created a decade ago, with a sense of pride. He chose to mention Oriental Wisdom because "we, the eastern people, are the most intelligent and all the important religions originated from the east". His painting was presented to Modi by the Abbot of the historic Buddhist temple in Xi'an when the Prime Minister visited the temple to offer prayers. The two neighbours with immense ancient civilisational wisdom should rediscover the deep friendship rooted in their ancient ties, says Yue. He says it is time for the two countries to recall the essence of Southern Buddhism, which came to China from India, and adds, "Whosever you meet, you have to respect that person". "This will help the relations between China and India. We have to lower ourselves first and respect each other first so that we can understand each other," he adds. "Wherever you go, you must be modest and polite, " he said, quoting a Chinese idiom. "We are neighbours. If we are both modest, polite and peaceful to each other, then of course we will be friends. Be if we are nit-picking we will have a lot of conflict," he adds. When asked what role Buddhism can play to bring the two countries closer, he said, "I am just a painter, not someone who can comment on such a critical issue." He recalled how Chinese scholars Xuanzang and Faxian were treated with respect and dignity in India. "The key to the relationship is mutual respect," Yue said. The Chinese monks who visited India brought several Buddhist scriptures. "That kind of mutual respect at that time made the two counties have a good relationship. If we can bring that spirit, we can have good relations," Yue said. The way out for enduring normalisation, Yue believes, is perhaps for the two countries to deepen mutual respect and rediscover the trail of age-old friendship left by Buddhist monks and Nobel laureate Rabindranath Tagore during his first visit to China in 1924, which left a lasting impression on the Chinese.
The Star
23-07-2025
- Business
- The Star
Hong Kong to implement stablecoin ordinance in sustainable manner: HKMA chief
HONG KONG, July 23 (Xinhua) -- Chief Executive of the Hong Kong Monetary Authority (HKMA) Eddie Yue said in a statement on Wednesday that it is important to implement the Stablecoins Ordinance in a robust and sustainable manner. Hong Kong's Stablecoins Ordinance will come into effect on Aug. 1. Yue said that given the merits of stablecoins as an emerging payment instrument and their gradual integration into the mainstream financial system as regulation takes shape, it is necessary to guard against undue speculation caused by market and public opinions. Judging the market and public excitement over the past month, it seems necessary to further rein in the euphoria, he said. In regard to guarding against financial risks, as an international financial center, Hong Kong is widely recognized for its prudent regulatory standards. In light of shared international regulatory concerns, more stringent requirements will be imposed in respect of anti-money laundering to minimize the risks of stablecoins being used as a money laundering tool. This is to ensure the orderly and healthy development of Hong Kong's stablecoin market, Yue said. Yue said that regulation is an art of balancing divergent objectives. More stringent regulatory requirements will inevitably limit the room for stablecoin businesses to scale rapidly in the short term. However, it is better for regulated stablecoin business, which is still in its infancy, to start with stricter regulations to ensure sound operation, he added. Yue pointed out that the HKMA also recognizes the importance of ensuring that the regulatory requirements are necessary and reasonable to create room for issuing entities to stand on their feet and thrive.
Mint
20-07-2025
- Health
- Mint
China gets ‘Dislike Going to Work' clinic: Here's how it helps burnt-out workers
China has come up with a unique solution to address work-related anxiety and depression in burnt-out employees – a 'Dislike Going to Work' clinic. This clinic in Hebei province in northern China has gained widespread attention from social media users across the globe. The 'Dislike Going to Work' clinic is an offshoot of the earlier 'Dislike Going to School' clinic, which focused on helping parents address their children's aversion to school by treating underlying academic stress and emotional challenges. Parents who had previously taken their children to the school clinic proposed the idea for the 'Dislike Going to Work' clinic. 'Previously, when children came to the 'Dislike Going to School' clinic, some parents would ask if there was a similar service for adults who do not want to go to work,' said Yue Limin, director of the hospital's Sleep and Psychology Department and head of the clinic. The 'Dislike Going to Work' clinic aims to help people who struggle with fatigue, exhaustion, emotional instability, or have a general sense that their work is meaningless. 'But if we label it directly as anxiety or depression, some patients may feel stigma,' said Yue. She said the initiative was started in the hope that patients would be able to walk into the consultation room without feeling any pressure. 'These surface symptoms often stem from complex psychological or social factors. Our role as professionals is to identify the cause, conduct a systematic assessment and diagnosis, and then provide treatment and support,' Yue said. The diagnosis process at 'Dislike Going to Work' clinic involves interviews to assess the overall emotional state of patients and physical examinations to rule out organic conditions such as hyperthyroidism. The hospital then develops a personalised treatment plan for each patient. Yue noted that the actual number of patients is relatively low, despite the nationwide attention.
