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Remarks of Officials
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Central Bank
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Forex
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
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Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
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[Former Google CEO Opposes Launching The "Manhattan Project On General Artificial Intelligence"] In A Policy Document Released On Wednesday, Former Google CEO Eric Schmidt, Scale Ai CEO Alexander Wang, And Dan Hendrix, Director Of The Center For Artificial Intelligence Safety, Said That The United States Should Not Vigorously Promote The Development Of Artificial Intelligence Systems With "superhuman" Intelligence, Namely General Artificial Intelligence (AGI), In A "Manhattan Project"-style Manner. The Document, Titled "Super Intelligence Strategy," Asserts That If The United States Actively Strives For Exclusive Control Of Super-intelligent Artificial Intelligence Systems, It May Incur Strong Retaliation From Its Peers, And The Retaliation May Be In The Form Of Cyber Attacks, Which May Undermine The Stability Of International Relations
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