Taiwan's offshore wind sector stays afloat amidst tariff cuts Investors with neither experience nor capacity in the sector seek chances to buy into an existing project. Despite the reduction of feed-in-tariff (FiT) rates and the supply chain disruptions caused by the pandemic, Taiwan’s offshore wind sector continues...
Cathay Pacific completes end-to-end digital health pass trials The trials involved two flights from Hong Kong to Singapore and vice versa. Cathay Pacific completed the trials for the use of an end-to-end digital health pass with CommonPass application, using both the testing and vaccination records of the...
Hong Kong needs to 'drastically' increase land supply: FS The housing issue exposes two major problems in the city – income and asset disparity. The land and housing supply in Hong Kong must be increased, Financial Secretary Paul Chan said, in order to eliminate subdivided housing in...
What is BG / SBLC Monetization? Monetizing a Standby Letter of Credit (SBLC) or a Bank Guarantee (BG) means using the SBLC or BG as collateral to borrow money. It is a low cost, low-risk method of trade finance that converts financial instruments into cash or cash...
What is a BG Bank Guarantee Provider? A BG bank guarantee provider is a financial institution, such as Grand City Investment Limited, that assists clients in obtaining bank guarantees and various financial instruments. What is a BG Bank Guarantee? A BG bank guarantee is a commitment from a...
Where is Hong Kong now in its carbon neutrality target? The city is now implementing several abatement measures as it aims to be carbon neutral by 2050. Hong Kong has been introducing measures to stabilise its carbon emissions, carefully tying its economic activities into its environmental goals...
Hong Kong lenders gear up sustainability initiatives as post-pandemic era dawns The total combined headcount across 18 banks in the city is down 2,000 from just 12 months ago. More than a year after the pandemic first began, its effect on Hong Kong banks’ headcounts has finally...
Trade finance makes it possible and easier for importers and exporters to transact business through trade. Trade finance is a crucial aspect of international trade and is pivotal in the interconnected world of commerce. In today's global economy, it is essential for facilitating cross-border...
Bank Guarantee Overview: Types, Advantages, and How to Obtain What Is a Bank Guarantee? A bank guarantee is a financial backstop offered by a financial institution promising to cover a financial obligation if one party in a transaction fails to hold up their end of a contract....
Genuine Bank Guarantee (BG) Suppliers- Who Are They? Genuine Bank Guarantee (BG) Suppliers are banks and financial services providers that supply bank instruments such as bank guarantees (BG) and Standby Letters of Credit (SBLC) What Is A Bank Guarantee (BG)? A bank guarantee is an assurance that a...
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