July 1, 2025

securities

Banking

Developing | Hong Kong to act as launch pad for Chinese companies’ global push in pact with Shanghai

Mainland Chinese companies will use Hong Kong’s capital market as the launch pad for their global growth, according to an action plan signed on Wednesday with Shanghai to connect the premier onshore commercial city with the nation’s offshore financial hub. The two cities will expand the decade-old connect programme linking the stock markets of Shanghai

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Crypto

Trump meme coin rakes in millions in crypto profits

Trump returned to the White House days after launching a cryptocurrency meme coin that analysts say is now worth a fortune. Experts, senator warn of Trump’s push to profit from presidency Trump has blurred traditional lines, seeking personal wealth through crypto, real estate, Truth Social and branded merchandise during his presidency. The $TRUMP coin celebrates

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Funds

‘I really do not need the funds.’ I’m 72 and facing RMDs in mere months, but I don’t need the money or want the taxes. What’s my move?

Question: “I will turn 73 in June and I don’t know when I should take my first RMD. I really do not need the funds and would like to move them from the present 401(k) account and open a Roth account. My concern is that I’m not sure what my options are to pay the

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