Marius Kriening

Henley's latest wealth survey sees Singapore's no. of millionaires increase to about 244k while HKG has a slight decrease to 144k. NY still ranks highest while BJ and SZ scored massive increases over a 10-year period. Much of these increases are spurred by the financial markets while the usual geopolitical volatilities are still the reasons why people move. #familyoffice #holdco #virtualbusiness

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5G drives $788B China economic outputChina’s Ministry of Industry and Information Technology reportedly noted 5G commercialisation directly contributed to a total economic output of CNY5.6 trillion over the past five years, arguing the country has claimed leadership in the advanced network’s infrastructure and in key technologies.

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Hong Kong ETFs Pave the Way for Chinese RMB Investors, Say Issuers" Martin Young | Cointelegraph 🌐 🌐 🌐 👁️ Explore CodeTentacles Technologies in depth by clicking on this link: https://lnkd.in/dPVhrPGe 💬 Don't hesitate to connect if you see potential for collaboration. 😄 Found this post interesting? ✅ Feel free to drop a comment, share it, and hit the like button! 🔔 Make sure to enable notifications at the top of my profile to stay updated with my content. 🚀 Follow and connect with me for more updates! #HongKong #ETFs #ChineseInvestors #RMB #Cryptocurrency #Finance #InvestmentOpportunities #MarketAccess #MainlandChina #FinancialInnovation #Codetentaclestechnology https://lnkd.in/d7v29qiR

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I have to thank Roshan Kanesan, CFP and BFM 89.9 - The Business Station for the invitation to speak on #EInvoicing and #Digitalization. Also, kudos to Roshan to make it seem so easy, which is the furthest thing from the truth. To re-cap what I wanted to convey vs. what I actually said: 1. LHDN has made available multiple resources (e.g. Microsite, Guidelines, APIs) for companies to explore. 2. APIs allows not only companies to integrate directly with LHDN but allows other companies to build innovative solutions. In fact, Ts. Tan Aik Keong (AK) has built a GenAI chatbot for E-Invoicing. Pretty amazing and innovative stuff. 3. LHDN is exploring complementary solutions for MSME and will increase engagement efforts with relevant agencies, companies and associations. 4. Companies should really take this opportunity to digitalize their business operations for efficiencies and improved customer experience. 5. MSMEs should not be afraid of digitalization. My dad is 77 years old and he still plays Diablo on his Alienware rig. Of course, I have no idea what I actually said on the radio. https://lnkd.in/gQ5Trm6Y -> To hear what LHDN has to say.

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We are reshaping the traditional finance to the new era!

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Thrilled to be a supporting organization for this wonderful initiative from Hong Kong Monetary Authority (HKMA) and happy to see many friends and our fintech community in the event last Friday. Stay tuned and more is coming! #fintech #regtech #AI #greenfintech #insurtech #wealthtech #blockchain #genAI

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🚀DBS, the largest bank in Singapore, has been revealed as a major Ether (ETH) whale with holdings worth nearly $650 million, according to on-chain analytics firm Nansen. The blockchain address associated with DBS currently holds 173,753 ETH and has already profited $200 million from these investments!🚀 The blockchain address – 0x9e927c02c9eadae63f5efb0dd818943c7262fb8e Key Takeaways: - DBS's ETH Holdings: 173,753 ETH, valued at $647 million. - Significant Profits: DBS has made $200 million from its ether holdings. - Pioneering Bank: DBS offers services like digital asset custody, a trading exchange for security tokens, and a portfolio management app for traditional and crypto assets. - Market Impact: Nansen's report comes as the crypto market anticipates the launch of spot ether ETFs in the U.S., potentially boosting institutional adoption of ETH. As Ethereum continues to lead in creating smart contracts and decentralized applications, investment banks are increasingly tokenizing capital markets. DBS's significant investment underscores the growing confidence and interest in the crypto space from major financial institutions. Stay tuned for more updates on the evolving landscape of cryptocurrency investments! 🌐💰 #Crypto #Ethereum #Blockchain #DBS #DigitalAssets #Investment #Fintech #Innovation #CryptoMarket #InstitutionalAdoption

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Thailand is about to issue its first digital banking licenses by mid-2025 - the #ASEAN #fintech space will be more competitive and fuelled by more growth in the upcoming years. Here are some driving forces behind the country's fintech growth: https://lnkd.in/g6XEVizN List of Digital Banks in Asia: https://lnkd.in/gw2rs82Q #DigitalBanking #Asia

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Introducing AngkorCloud, an innovative enterprise data storage model offering in-country cloud solutions to various industries like banking, telco, and enterprise. With AngkorCloud, companies can enjoy control over geographical factors and procure services on-demand. The flexibility to cancel subscriptions or shut down services when no longer needed makes it a practical choice for businesses. Your organization can subscribe on a "Pay-Per-Use" basis, ensuring a manageable financial commitment. The more you use, the more you pay, and vice versa. This solution provides cost-effective benefits and operational advantages. Key benefits of AngkorCloud include: - In-Country Cloud for Data Sovereignty - Multiple Data Centre Sites with Zero Capex - Pay-Per-Use model eliminating Data Egress Charges Explore the possibilities with AngkorCloud for a seamless and efficient data storage experience. #AngkorCloud #DataStorage #CloudSolutions #EnterpriseTech #DataSecurity

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I’m a soldier. And always. Many may not know that in fact, my first half of my career are in the Singapore Armed Forces. Thank you Cento for this coverage on part of my journey together with doxa and my fellow co-founders. I found there are many similarities in startup and during my service in the special forces. Some times, or occasionally I will share with my team members about war tactics and scenarios. And I quote “I don’t need you to be train to be a special forces but I need you to think like one of them.“ What that meant? You to have resilience, you need to make decision in critical time. You work as a team. You felt secure knowing that someone will cover your back. Alone, you still need to fight. Sound tough huh… and there many many more. this is startup. Last but not least, sharing one of the ranger creed where I personally like. “Never shall I fail my comrades. I will always keep myself mentally alert, physically strong and morally straight and I will shoulder more than my share of the task whatever it may be, one-hundred-percent and then some. Rangers lead the way!” Cheers! #startup #fintech

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Interesting to see two retired English judges, Lords Sumption and Collins, stepping down from the CFA in HK. My impression has been that the judges there are still trying to maintain some independence and rule of law in very difficult circumstances. Maybe it's now a lost battle and I can certainly understand Lord Collins' succinct statement that he's stepped down "because of the political situation in Hong Kong" but continues "to have the fullest confidence in the Court and the total independence of its members." But still I find it a sombre moment for what it symbolises on where we now are in terms of international tension, legal fragmentation and general degradation of the rule of law in many places. I don't say that by way of some sort of passive-aggressive criticism of either of them individually (either for staying till now or for going now). I also don't criticise the activists who've been pressing for NPJ withdrawal: indeed, I share the concerns about the NSL and other topics. But I find the NPJ issue genuinely complex and think the individual retired judges deserve some 'margin of appreciation' in reaching their own ethical views on whether it's better to engage or withdraw. Some footnotes: 1. There are some media implications that they must have been in it for the money (reportedly £40k for a month's sitting each year). That's a red herring given the amounts these two will have earned during their pre-judicial careers and are still capable of earning privately should they wish to, for example as arbitrators. 2. When the serving (as opposed to retired) UK judges resigned from the CFA in 2022, Sumption made the point, in explaining his decision to continue that "Democracy has never existed in Hong Kong, but the rule of law has and still does." I wonder which straws have finally broken the camel's back. The arrests a couple of days ago of those marking the Tiananmen massacre perhaps? I also don't know why these two retired UK judges have stepped down while three others (Neuberger, Hoffmann and Phillips) are apparently continuing (or, perhaps, still thinking about it). It will be interesting to see what Sumption has to say "in due course" (as he puts it). I also wonder if the UK government prompted today's decisions, as it evidently did with the 2022 resignations of serving judges, albeit that this was signalled by two ministers who are both now out of government (Truss and Raab) - https://lnkd.in/eWi5-D6j 3. And I wonder if the retired Canadian judge (McLachlin) and Australian judges (Gummow, French, Keane, Allsop) will stay. Three of them have been in position since before the crisis of the National Security Law etc, but two (Keane and Allsop) are very recent appointees - 2023 and 2024 respectively. https://lnkd.in/e3ndcupZ

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Calling all startups! Here's an opportunity to meet with 100+ investors and corporate clients in Hong Kong, Asia and beyond. The Global Fast Track programme returns for the 7th time, where InvestHK continues its mission to empower the growth of fintechs. Learn more on the programme here: https://bit.ly/3yVRf4l FintechHK Invest Hong Kong Finoverse #fintech #startup #accelerator

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$AGBA ~ The 10 Best Performing Stocks So Far In 2024 6. AGBA Group Holding Limited (AGBA) AGBA Group is a Hong Kong-based financial service company operating across the following segments: platform, distribution, healthcare and fintech. AGBA stock: Why Is AGBA Up 542% YTD? Shares of AGBA closed at $0.40 on April 17. However, after announcing an all-stock merger with TikTok rival Triller, an artificial intelligence-driven social video platform, the stock has rallied multi-fold. Shares closed at a high of $4 on May 6, before losing some of its gains to close June 14 at $3.12. The merged entity will be valued at $4 billion and retain the AGBA name, although Triller shareholders will own 80% of the new entity. Triller, which will also become a wholly-owned subsidiary of AGBA upon merger closing, is well positioned to benefit from the TikTok ban. While outlining the benefits of the AGBA-Triller transaction in its investor presentation, AGBA says the merger would imply a share price of $10.8 for current AGBA shareholders, based on 20% ownership in the merged entity and 74 million AGBA outstanding shares. The math is as follows: Valuation of the merged entity: $4 billion AGBA’s 20% share in the entity: $800 million Outstanding shares of AGBA:74 million Price per AGBA share = $800 million/74 million = $10.8 This implied price represents more than 200% upside potential from the last closing price of AGBA. AGBA stock: Will It Achieve The Implied Target Price? That depends on how the yet-to-be merged entity unlocks cost and revenue synergies over time, and effectively navigates the clashes in the business model while capitalizing on complementary strengths. The merger is still subject to regulatory and shareholder approvals. The novel entity will focus on four verticals, including AI-driven social video platform; influencer, artist and sports content generation for a global audience; technology-driven wealth management and financial services ecosystem; and fintech investments. If the merger succeeds, it will be a game changer at the intersection of finance, technology, and social media. https://lnkd.in/gNKHnAZW AGBA TrillerTV Triller Sony

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"The Asset Tokenisation C-Suite Playbook", interesting playbook published in April 2024 by KPMG in collaboration with the Singapure Fintech Association (SFA) 👇 This playbook delves into #assettokenization, emphasizing its role in democratizing #investment and enhancing #portfolio #management. It provides a #strategic framework for C-suite executives and outlines challenges in the evolving landscape, heralding a significant shift in #assetmanagement and ownership paradigms. Link: https://lnkd.in/d4v44JAw #web4 #web5 #fintech #digitalera #defi #cryptocurrency #digitalcurrency #virtualassets #digitalassets #virtualcurrency #digitaltransformation #blockchain #dlt #stablecoins #cryptoassets #web3 #tokenization #RWAs #NFTs #DAOs #RWAs #staking #mining #ZKPs #tokenomics #gamefi #lending #CEXs #DEXs #DePIN #LSTs 

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