The Government announced today (July 6) the appointment of the Chairman of the Financial Services Development Council (FSDC). The Chief Executive has appointed Mr Laurence Li Lu-jen as Chairman… read more
Leading London-based fintech company TransferWise announced today (July 6) the official launch of its international money transfer platform in Hong Kong, giving it a major foothold in Asia as part of the company’s ongoing international expansion.
TransferWise co-founder and CEO Mr Kristo Käärmann said the launch came as a timely move amid Hong Kong’s commitment to boost fintech development. “We’re excited to launch our service in Hong Kong and introduce a product that is cheaper, faster, and fairer for people and businesses here. The Hong Kong dollar has long been a highly requested currency at TransferWise, so we’re happy to be able to open this to everyone,” he said.
TransferWise operates on the concept of matching up transfers with other people on the digital platform. It uses the mid-market rate, which is only a fraction of the rates used by traditional currency transfer operators. After a successful pilot period, TransferWise has already been able to drop prices for customers transferring money from Hong Kong by more than 20 per cent, Mr Käärmann said.
“Over 3 million people across the world use TransferWise as a fair and easy way to manage their money across borders. Hong Kong represents a key market for TransferWise. Over 4 per cent of Hong Kong’s population are foreigners, and many Hongkongers are living in other parts of the world. Hong Kong also has a long, rich history as a world leading economy and home of international commerce,” he added.
Associate Director-General of Investment Promotion Dr Jimmy Chiang said, “I’m excited to see TransferWise making its foothold in Hong Kong. This is a big step not only for the company but also for Hong Kong as we are committed to becoming a leading fintech city in the world. TransferWise’s decision to set up in our city is a win-win for both.”
About TransferWise
Co-founded by Taavet Hinrikus and Kristo Käärmann, TransferWise was launched in 2011 in the UK, and has attracted strategic investors including Andreessen Horowitz, Virgin’s Sir Richard Branson and IVP. TransferWise uses the real exchange rate – the mid-market rate – making it up to eight times cheaper on average to send money abroad than through a bank. For more information, please visit www.transferwise.com.
About Invest Hong Kong
Invest Hong Kong is the department of the Hong Kong Special Administrative Region Government to attract foreign direct investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services for overseas and Mainland companies enrolled as its clients. For more information, please visit www.investhk.gov.hk.
For an event photo, please visit www.flickr.com/photos/investhk/albums/72157670868932178.
The 2018 Wan Chai Festival Opening Ceremony – Vitality・Love@Wan Chai Grand Sea, Land and Sky Parade will be held at 3pm this Sunday (July 8) at Golden Bauhinia Square and off Wan Chai in Victoria Harbour. Around 1 000 people will participate in the parade, performances and game booths to open the 2018 Wan Chai Festival as well as to showcase the vibrancy and diversity of Wan Chai District.
Performances by artistes, district organisations and schools will be conducted at Golden Bauhinia Square. Members of the public can also have fun in the game booths.
The Secretary of Home Affairs, Mr Lau Kong-wah, and the Deputy Director General of the Hong Kong Island Sub-office of the Liaison Office of the Central People’s Government in the HKSAR, Mr Chen Xubin, will officiate at the opening ceremony at 4pm at Golden Bauhinia Square.
After the ceremony, more than 10 vessels and two helicopters will join a parade off the coast of the square. Led by the Hong Kong Police Band, more than 200 district personalities will dress up and join the land parade at the Square and the nearby waterfront area. Over 10 vintage cars and three open-top Big Buses will join the parade at 5pm to tour Wan Chai District.
To extend the joyful atmosphere to different parts of the district, street performances will be staged at various locations at the times below:
The following is issued on behalf of the University Grants Committee:
The Research Grants Council (RGC) will present its second public lecture this year under the theme “Cancer Therapy: Immunotherapy and Medicine” on July 14 (Saturday) at the Hong Kong Science Museum.
The RGC has invited Professor Brigette Ma of the Department of Clinical Oncology of the Chinese University of Hong Kong and Assistant Professor of the Department of Obstetrics and Gynaecology of the University of Hong Kong Dr David Chan to share their research findings and knowledge with the public. Details are as follows:
Time: 2.30pm to 4.30pm
Venue: Lecture Hall, Hong Kong Science Museum
Language: Cantonese
Admission is free on a first-come, first-served basis.
Cancer immunotherapy aims to fight cancer with the patient’s own immune system, and it has potential to induce long-lasting benefits without intolerable side effects in the human host. The development of cancer immunotherapy has gone through many trials and tribulations since Dr William Coley’s serendipitous discovery in the 1890s, and for many years it has been sidelined to the fringes of mainstream oncology. Professor Ma will deliver a talk on “Cancer Immunotherapy – An Epic Trilogy of Serendipity, Skepticism and Scientific Breakthrough” to take the audience through a journey from the view of a cancer doctor to witness the renaissance of cancer immunotherapy in nasopharyngeal and other cancers.
Ovarian cancer is one of the most lethal gynaecologic malignancies worldwide. Different from other solid tumours, ovarian cancer is an intra-abdominal tumour in which the presence of ascites enables metastatic dissemination and correlates with poor prognosis. Malignant ascites provide a key reservoir of growth factors and nutrients to augment ovarian cancer aggressiveness. Dr Chan will give a talk entitled “The tumour microenvironment on ovarian cancer progression and the potential target-based therapy” to discuss how all these factors are being studied to identify new principles leading to novel therapeutic avenues.
The public lectures of the RGC aim at arousing public interest in local research developments. Since 2009, the RGC has invited numerous leading scholars to speak at these lectures. For enquiries, please call 2524 3987 or visit the University Grants Committee webpage (www.ugc.edu.hk/eng/rgc/lectures/lectures.html). read more
Hong Kong Customs yesterday (July 5) seized about 100 kilograms of suspected scheduled dried shark fins of endangered species and about 220 kilograms of unmanifested dried sea cucumbers from a container at the Kwai Chung Custom… read more