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China’s high-speed rail network has been low speed in adoption – but that’s set to change

China’s expensive and underused high-speed rail network is beginning to see the light at the end of the tunnel.It can thank rapid urbanisation, growing wanderlust and rising incomes, which are combining to put success of the world’s largest high-speed rail network on track, experts say.“In our view, urbanisation and changes in travel behaviour make it a necessity to have even more rail infrastructure in place,” Lesley Liu, infrastructure and industrial research analyst at HSBC, wrote in a… Source link

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Ecommerce 

Alipay and six European digital wallets join hands to increase adoption of mobile payments with QR code

Six mobile wallets in Europe together with Alipay will collaborate and adopt a unified Quick Response (QR) code for mobile payments, allowing users of each wallet to pay for their purchases across 10 countries in Europe.The six European mobile wallets include Austria’s Bluecode, Finland’s ePassi and Pivo, Oslo-based Vipps, Spain’s Momo as well as Portugal’s Pagaqui. The wallets are working with the Chinese payments provider towards rolling out a QR code format provided by Alipay, so that users… Source link

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Greater adoption of ETFs in Hong Kong depends on more fee-based advisers, Nasdaq says

Greater adoption of exchange-traded funds (ETFs) by Hong Kong investors will depend on the further development of the fee-based financial adviser community in the city, according to Nasdaq.Robert J. Hughes, vice-president for global information services at Nasdaq, said Hong Kong has some way to before the city has a “truly vibrant fee-based financial adviser community”, rather than one built around advisers who work on commission.“What we believe over time [is] financial advisers will turn more… Source link

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Singapore 

Parliament: Authorities looking at adoption laws and surrogacy, do not support gay families, says Minister Desmond Lee, Singapore News

SINGAPORE – The authorities are reviewing adoption laws, as well as looking into the issue of surrogacy, following a recent landmark case involving a gay father adopting his biological child who was conceived through a surrogate in the United States. Even so, Minister for Social and Family Development Desmond Lee stressed the Government’s position on same-sex parenthood, saying it does not support the formation of families by gay parents. Mr Lee was responding to three MPs in Parliament on Monday (Jan 14). The trio – Mr Christopher de Souza (Holland-Bukit…

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Singapore 

Singapore gay couple open up after landmark adoption case: ‘A huge load off our shoulders’, Singapore News

Framed photographs line the television console of a 1,450 sq ft flat in central Singapore. One shows a large group of family members in a rented villa in Bali several months ago, another is of a beaming couple and a third has the couple and their son. A two-metre-tall Christmas tree stands on the right, with three bears – two large with a smaller one tucked between them – all sharing a red scarf. It is Friday in the home of James, Shawn and their five-year-old son Noel. The family…

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