HSBC launches crypto offering (06/26/2023)

The largest Hong Kong bank HSBC allows its customers to trade ETFs listed in Hong Kong. These are currently three ETFs (2 x BTC and 1 x ETH), which are based on futures. At the same time, the bank has introduced an Education Center where investors must confirm receipt of the relevant risk disclosure before trading in digital asset products can commence. As mentioned in a previous news article, the local financial authority has asked banks to seek constructive cooperation with crypto companies, which is a balancing act for financial institutions. Further success stories from the Special Administrative Region will provide a corresponding boost to its bid to be considered an internationally recognized hub for digital assets.(Source)

  • Growth through innovation/creativity:
    Rather than being constrained by ideas for new products, services and new markets coming from just a few people, a Thinking Corporation can tap into the employees.
  • Increased profits:
    The corporation will experience an increase in profits due to savings in operating costs as well as sales from new products, services and ventures.
  • Higher business values:
    The link between profits and business value means that the moment a corporation creates a new sustainable level of profit, the business value is adjusted accordingly.
  • Lower staff turnover:
    This, combined with the culture that must exist for innovation and creativity to flourish, means that new employees will be attracted to the organisation.