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Hong Kong Capital Markets Forum 2024 "Driving Growth with Market Integrity and Sound Governance"

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Wednesday, January 31, 2024

Partnership, Role, Task force, Attraction, Competition (economics), Capital market, GBS, Speech, Professional, Communication, Sustainable development, Forum, Finance

HONG KONG, Jan 31, 2024 - (ACN Newswire) - The inaugural Hong Kong Capital Markets Forum, jointly organised by The Chamber of Hong Kong Listed Companies (CHKLC), the Hong Kong Association of Registered Public Interest Entity Auditors Limited (PIEAA), and The Hong Kong Institute of Directors (HKIoD), was held yesterday, with the aim of upholding common goals and beliefs and collaboratively exploring the development path of Hong Kong's capital markets.

Key Points:

HONG KONG, Jan 31, 2024 - (ACN Newswire) - The inaugural Hong Kong Capital Markets Forum, jointly organised by The Chamber of Hong Kong Listed Companies (CHKLC), the Hong Kong Association of Registered Public Interest Entity Auditors Limited (PIEAA), and The Hong Kong Institute of Directors (HKIoD), was held yesterday, with the aim of upholding common goals and beliefs and collaboratively exploring the development path of Hong Kong's capital markets.
Approximately 400 business and industry professionals actively participated in the inaugural Hong Kong Capital Markets Forum 2024.
This forum focuses on various issues and emphasises that market integrity and sound governance are important cornerstones for the development of Hong Kong's capital markets.
This was followed by in-depth panel discussions on two major topics: "Boosting Liquidity of Hong Kong Capital Markets" and "Enhancing the Role of Hong Kong as an International Asset Management Centre".

Deposit market concentration and monetary transmission: evidence from the euro area

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Sunday, February 4, 2024

Neumark, American Economic Journal, Paper, A18, A21, Money, A4, Financial crisis, International, A5, A1, Exercise, Timothy, A14, Monetary policy, IRF, Interest rate, Economy, Quarterly Journal of Economics, NII, A8, Policy, HICP, MMF, Control, Statistics, Series, ECB, DNB, Index (economics), Finance, Section 3, GDP, History, American Economic Review, De Nederlandsche Bank, Rigidity, XB, Habit, Website, Federal funds, Social science, A11, 95.1 FM, IMF, MPS, A9, Credit, University of Amsterdam, Wang, A26, HHI, European Economic Review, Reproduction, Shock, University, Journal of Political Economy, Central bank, A30, Journal of Monetary Economics, Interval (mathematics), A25, G21, Politics, Auerbach, Silvana Tenreyro, XT, Research Papers in Economics, Causality, Deposit, Yb, A27, Time series, Dynamics, Literature, Hey, SSI, Interpolation, O'Driscoll (surname), BSI, A23, United, Domestic, European Central Bank, VAR, A28, Rigid transformation, A6, OIS, Role, PDF, Research, Feedback, The Journal of Finance, A15, A17, NFC, A22, E43, DSGE, Quarterly Journal, E52, MIR, Appendix, A10, Information, Surface finishing

Abstract

Key Points:

Abstract
I study the transmission of monetary policy to deposit rates in the euro area with a
focus on asymmetries and the role of banking sector concentration.
Moreover, the
gap between deposit rates across euro area member states - despite being exposed to the same
key ECB interest rates - has widened.
This begs the question whether deposit rates are more
sluggish in response to both policy rate increases and cuts, and what factors might influence the
transmission of monetary policy to deposit rates.
Whether banks are indeed able to adjust deposit rates asymmetrically to positive and
negative changes in policy rates could thus well depend on how much market power they hold
in the deposit market.
Arguing that market power increases in the degree of market concentration,
I further consider whether more concentrated banking sectors set rates (more) asymmetrically.
The response of deposit rates in banking sectors with an average degree of concentration does
not appear asymmetric.
The degree of market concentration is often pointed at, but recent evidence
for the euro area is scarce.
In this paper, I provide empirical evidence on the asymmetric response of deposit rates to
monetary policy, and relate this to the degree of concentration within a country?s banking sector.
Both papers
provide empirical evidence based on US deposit markets showing that deposit rates respond
more rigidly to upward changes in market rates than downward changes, especially so in more
concentrated markets.
Recent research on euro area deposit markets,
instead, has focused more on the transmission of negative policy rates (see e.g.
Whether banks are able to set deposit rates that materially differ from policy rates is affected
ECB Working Paper Series No 2896

4

by market concentration: market power is assumed to increase in the degree of concentration in
the banking sector.
Concentration thus appears to matter for how quickly ECB monetary policy has
been transmitted to deposit rates across the euro area.
Banks thus have a motive to be
rigid in adjusting deposit rates to a ?positive? monetary policy shock.
While customers are generally (and potentially rationally) inattentive, swift and substantial
nominal deposit rate declines may trigger deposit outflows.
relative deposit rate = deposit rate - short term rate
The inverse of the wedge, the relative deposit rate will allow us to see more clearly how
the deposit rate evolves in comparison to the short-term rate.
This then translates to (more
pronounced) effects on the transmission of policy to the deposit wedge, reinforcing the asymmetry discussed before.
More concentration would mean more rigid deposit rates (and thus an
increase in the deposit wedge) in case of positive surprises, and more flexible deposit rates (and
thus a decrease in the deposit wedge) in case of negative surprises (see also e.g.
I add an identical
altered-linex adjustment cost for deposit rates, to capture the upward rigidity and downward
flexibility of deposit rates as well.
As discussed
previously, the deposit rate is particularly rigid in case of a positive shock, illustrating the dividend smoothing motive and bank market power.
Without the asymmetric adjustment cost,
the response of the deposit rates to positive and negative changes in policy would have been
symmetric.
This appears a reasonable assumption
in general, as market concentration or market shares are slow-moving concepts.
3
Methods and data

I study the dynamic response to an unexpected change in monetary policy on deposit rates
in different countries in the euro area.
deposit rate - short-term rate), which for the sake of
brevity I will refer to as the ?relative deposit rate?.
Positive IRFs for the relative deposit rate imply that
the deposit rate has increased by more than the short-term rate, narrowing the wedge between
the short-term rate and the deposit rate.
0
?2
?2
?4
?6

?4
4

8

12

4

Months

8

12

Months

Figure 9: NFC rate response - linear combination of ?0 and ?1

Relative deposit rate at 1 month

Relative deposit rate at 4 months

0.0

0
?1

p.p.
0
0
?2
?1
?4
4

8

12

4

8

Months

12

Months

Figure 12: NFC rate response - linear combination of ?0 and ?1

Relative deposit rate at 1 month

Relative deposit rate at 4 months
2.0

1.5

p.p.
And, (2) how quickly
households and NFCs learn about changes in monetary policy, via the deposit rate, may vary
across the monetary union.
?0 , ?1 )
Figure A16: NFC overnight deposits, small member states
Relative deposit rate (average)

Relative deposit rate (interaction)

2

10
5

p.p.
?0 , ?1 )
Figure A19: NFC overnight deposits, four lags
Relative deposit rate (average)

Relative deposit rate (interaction)
5

0

p.p.
?0 , ?1 )
Figure A28: NFC overnight deposits, small member states
Relative deposit rate (average)

Relative deposit rate (interaction)

3

5.0

2

2.5

p.p.
?0 , ?1 )
Figure A31: NFC overnight deposits, four lags
Relative deposit rate (average)

Relative deposit rate (interaction)

3
2

p.p.

Chemomab Therapeutics Announces New Publication Reinforcing the Clinical Potential of Its CCL24-Neutralizing Antibody CM-101 in Primary Sclerosing Cholangitis

Retrieved on:

Tuesday, January 30, 2024

TEL AVIV, Israel, Jan. 30, 2024 /PRNewswire/ -- Chemomab Therapeutics Ltd. (Nasdaq: CMMB) (Chemomab), a clinical stage biotechnology company focused on the discovery and development of innovative therapeutics for fibro-inflammatory diseases with high unmet need, today announced publication of proteomic analyses that further demonstrate the unique role of the soluble protein CCL24 in driving pathologies associated with the rare fibrotic liver disease primary sclerosing cholangitis (PSC). The new studies reinforce the extensive existing evidence showing that Chemomab's first-in-class CCL24-neutralizing antibody CM-101 can interrupt these destructive processes. The study, "The Role of CCL24 in Primary Sclerosing Cholangitis: Bridging Patient Serum Proteomics to Preclinical Data"1 has been published in the current online version of the peer-reviewed journal Cells.

Key Points:

The new studies reinforce the extensive existing evidence showing that Chemomab's first-in-class CCL24-neutralizing antibody CM-101 can interrupt these destructive processes.
The study, " The Role of CCL24 in Primary Sclerosing Cholangitis: Bridging Patient Serum Proteomics to Preclinical Data "1 has been published in the current online version of the peer-reviewed journal Cells.
CM-101 is a first-in-class CCL24-neutralizing monoclonal antibody whose dual anti-inflammatory and anti-fibrotic activity has demonstrated disease modifying potential in nonclinical studies of PSC and other fibro-inflammatory disorders.
CM-101 has Orphan Drug designation for PSC in the U.S. and the European Union and was recently awarded Fast Track designation by the FDA for the treatment of PSC in adults.

Transforming CIOs: A Blueprint for Empowering and Elevating the Role of Higher Education CIOs Published by Info-Tech Research Group

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Monday, January 29, 2024

Student, Role, Research, Instability, CIO, Maby, Environment, Education, Evaluation, Human, Growth, Management

The firm's latest research explains that unlocking technology's potential in higher education necessitates empowering chief information officers (CIOs).

Key Points:

The firm's latest research explains that unlocking technology's potential in higher education necessitates empowering chief information officers (CIOs).
To address this critical situation, Info-Tech Research Group, a leading global IT research and advisory firm, has published its latest industry blueprint, Elevate the Role of the CIO in Higher Education .
This research aims to shed light on the pivotal role of chief information officers (CIOs) in driving meaningful change within higher education institutions.
As highlighted in Info-Tech's blueprint, by elevating the role of the CIO, higher education institutes can drive enhanced collaboration, streamline operations, and enable data-driven decision-making across their campuses.

The SIP Forum Announces Conference Lineup for 2024 - AI SUMMIT and SIPNOC 2024 Dates Set

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Thursday, January 25, 2024

Token, KYC, Role, IETF, Internet service provider, Artificial intelligence, State, Signature, Telecommunications industry, International, Federal, ATIS, AI, Service assurance, Impact, Conference, Data analysis, Telecommunications, SIP Forum

NORTH ANDOVER, Mass., Jan. 25, 2024 /PRNewswire-PRWeb/ -- The SIP Forum proudly announced today its event lineup for 2024, which includes a new virtual AI SUMMIT, a special webinar series focused on the role and impact of Artificial Intelligence technology in the Telecommunications Industry, to be held the week of May 6, 2024, and SIPNOC 2024, a three-day educational conference to be held September 17-19, 2024 at the Hilton Washington Dulles Hotel in Herndon, VA.

Key Points:

And we look forward to hosting our next live and in-person SIPNOC in September!
Details about SIPNOC 2024 can be found at its conference website http://www.sipnoc.org .
SIPNOC 2024 attendee registration will open in May 2024.
There are a number of valuable event sponsorship opportunities available for companies offering STIR/SHAKEN, Call Vetting, KYC, Call Branding, and Data Analytics services and AI-powered telecommunications solutions for both the AI SUMMIT and SIPNOC 2024 conferences.

Utilization of Captured CO2 to Reach 800 Mt by 2044, Finds IDTechEx

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Tuesday, January 23, 2024

Carbon, CO2, Role, Aviation, Growth, Players, Electrochemistry, CCUS, Photosynthesis, Fermentation, Climate change, Parity, DAC, Polymer, Protein, Transport, Carbon dioxide

BOSTON, Jan. 23, 2024 /PRNewswire/ -- IDTechEx predicts that by 2044, utilization of waste CO2 will reach 800 Mt to create over 3,000 Mt of useful products.

Key Points:

BOSTON, Jan. 23, 2024 /PRNewswire/ -- IDTechEx predicts that by 2044, utilization of waste CO2 will reach 800 Mt to create over 3,000 Mt of useful products.
Carbon dioxide utilization products provide climate benefits by displacing fossil-fuel-based incumbents; some are net-zero or even net-negative.
Carbon dioxide utilization in crop greenhouse enrichment is another mature application set to grow once CO2 pipeline transport infrastructure expands.
IDTechEx finds that after a slow but steady progress during this decade, the CO2U market will likely grow rapidly from the 2030s onwards to reach 800 Mt by 2044.

Utilization of Captured CO2 to Reach 800 Mt by 2044, Finds IDTechEx

Retrieved on:

Tuesday, January 23, 2024

Carbon, CO2, Role, Aviation, Growth, Players, Electrochemistry, CCUS, Photosynthesis, Fermentation, Climate change, Parity, DAC, Polymer, Protein, Transport, Carbon dioxide

BOSTON, Jan. 23, 2024 /PRNewswire/ -- IDTechEx predicts that by 2044, utilization of waste CO2 will reach 800 Mt to create over 3,000 Mt of useful products.

Key Points:

BOSTON, Jan. 23, 2024 /PRNewswire/ -- IDTechEx predicts that by 2044, utilization of waste CO2 will reach 800 Mt to create over 3,000 Mt of useful products.
Carbon dioxide utilization products provide climate benefits by displacing fossil-fuel-based incumbents; some are net-zero or even net-negative.
Carbon dioxide utilization in crop greenhouse enrichment is another mature application set to grow once CO2 pipeline transport infrastructure expands.
IDTechEx finds that after a slow but steady progress during this decade, the CO2U market will likely grow rapidly from the 2030s onwards to reach 800 Mt by 2044.

Roborock and IDC Release White Paper with Insights on The Role of Smart Cleaning Technology in Shaping Future Lifestyles at 2024 Consumer Electronics Show

Retrieved on:

Monday, January 22, 2024

HONG KONG, Jan. 22, 2024 /PRNewswire/ -- Roborock, a global leader in ultra-intelligent home robotics engineered to simply daily life, in partnership with premier global market intelligence firm for the consumer tech industry, IDC, has released a new white paper "Revolutionizing the Smart Home: The Role of Smart Cleaning Technology in Shaping Future Lifestyles." The new research includes insightful findings on the future of smart home technology and how intuitive cleaning is driving innovation and the future of smart vacuums.

Key Points:

The new research includes insightful findings on the future of smart home technology and how intuitive cleaning is driving innovation and the future of smart vacuums.
"Revolutionizing the Smart Home: The Role of Smart Cleaning Technology in Shaping Future Lifestyles" offers compelling market insights and a look at how robotic cleaning devices are transforming our smart home living spaces now and in the future.
Currently, 71% of consumers are satisfied with smart home devices, with functionality, data security, and simplicity identified as shopper priorities.
Cleaning is one of the cornerstones of smart homes, and smart vacuums are driving intuitive cleaning.

The Role of Wellbeing in Individual and Organisational Growth Virtual Training Course

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Friday, January 19, 2024

Role, Learning, Research, Presenteeism, Neurology, Culture, Absenteeism, Emotional intelligence, Mental health, Workplace, Book, Anxiety, Environment, Disability, Organic, Depression, Growth, Nursing

DUBLIN, Jan. 19, 2024 /PRNewswire/ -- The "The Role of Wellbeing in Individual and Organisational Growth Training Course" conference has been added to ResearchAndMarkets.com's offering.

Key Points:

DUBLIN, Jan. 19, 2024 /PRNewswire/ -- The "The Role of Wellbeing in Individual and Organisational Growth Training Course" conference has been added to ResearchAndMarkets.com's offering.
It is therefore essential that we take the time to acknowledge the impact that this is having on individuals and the workplace.
Detailing why this is key to both personal and professional success, and individual and organisational growth.
In her spare time, Claire runs for mental health and wellbeing, including running marathons and ultra marathons.

Eisai Aims to Advance Genitourinary Cancer Treatment with New Research at ASCO GU 2024

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Thursday, January 18, 2024

Senior, Role, Renal cell carcinoma, Patient, Research, Meta-analysis, Rescue coordination centre, RCC, ASCO, Everolimus, Pivotal, Society, Apoptosis, Disease, Safety, Eisai, FDA, Abstract, Pharmaceutical industry

NUTLEY, N.J., Jan. 18, 2024 /PRNewswire/ -- Eisai announced today the presentation of research in renal cell carcinoma (RCC) during the 2024 American Society of Clinical Oncology (ASCO) Genitourinary Cancers Symposium (#GU24) which is taking place in-person in San Francisco, California and online from January 25-27. Notable presentations include a rapid oral abstract session featuring subgroup analyses from the pivotal Phase 3 CLEAR (Study 307)/KEYNOTE-581 trial, which evaluated lenvatinib (LENVIMA®), the orally available multiple receptor tyrosine kinase inhibitor discovered by Eisai, plus pembrolizumab (KEYTRUDA®), Merck's anti-PD-1 therapy, versus sunitinib for the first-line treatment of patients with advanced renal cell carcinoma (aRCC) (NCT02811861; Abstract: #364).

Key Points:

We look forward to engaging in critical scientific exchange to improve outcomes for these patients."
A network meta-analysis to assess the efficacy of lenvatinib plus pembrolizumab compared with other first-line treatment options for patients with aRCC will be shared in a poster session (Abstract: #482).
There is no guarantee that any investigational compounds or investigational uses of FDA-approved products will successfully complete clinical development or gain FDA approval.
These abstracts will be made available via the ASCO website on Monday, January 22, 2024, at 5:00 PM EST (2:00 PM PST).