AI risks deepening inequality, says head of world’s largest SWF

Beijing’s point man on Hong Kong affairs has met a delegation led by HSBC Group CEO Georges Elhedery, marking his second meeting with the bank’s leadership in eight months. But the Hong Kong and Macau Affairs Office did not reveal what was discussed in the meeting between its director, Xia Baolong, and Elhedery in Beijing on Thursday. Xu Qifang, the executive deputy director of the office and veteran HSBC banker Peter Wong Tung-shun also attended the meeting. During his meeting with group… Source link

Lisa Cook says growing prevalence of so-called basis trades makes markets ‘more vulnerable to stress’ Source link

Deteriorating, Bob! Source link