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Rime Capital eyes global growth via regional base in Hong Kong

HK

Rime Capital eyes global growth via regional base in Hong Kong
HK

HK

Rime Capital eyes global growth via regional base in Hong Kong

2024-06-18 15:45 Last Updated At:15:58

Rime capital limited establishes regional base in hong kong with mainland support for global expansion strategy

Invest Hong Kong announced today (June 18) that Rime Capital Limited, with strong resource support and financial backing from the Mainland, has built a regional base in the city as part of its global strategy.

The company is an asset management company licensed by the Securities and Futures Commission, with assets under management amounting US$350 million at its early establishment. Its partners include Shenzhen-listed Leo Group, and various investors and asset management veterans.

The Director-General of Investment Promotion, Ms Alpha Lau, said, "We warmly welcome the opening of Rime Capital here in our city. Hong Kong is a premium international financial hub very well suited for Mainland financial companies with a global vision. We have a sophisticated financial market, a world-class regulatory regime plus a large number of high-net-worth institutions and individuals from around the globe, offering excellent market potential for Rime Capital and other asset management companies. I wish Rime Capital every success with their business in Hong Kong and beyond."

Co-founder Mr Troy Lin said that Rime Capital Hong Kong aims at long-term stable revenue with minimal risk via a diverse portfolio of equities, bonds, structured products, secured loans plus alternate investments. He said that Hong Kong as a premium global financial hub offers a good environment for his company's expansion worldwide.

"Hong Kong is not only a traditional global financial centre, it is increasing ties with the Mainland and other emerging markets in the region, and ASEAN (Association of South-East Asian Nations) adds a strong appeal for multinationals to set up base here. It is an ideal place for Rime Capital to scale globally." Mr Lin said.

The company has a team of experienced investment professionals to manage portfolios for clients using a balanced approach, with a series of funds in place covering investments in bonds, quantitative equity funds, commodities futures, CTA (commodity trading advisor) funds and more.

To obtain a copy of the photos, please visit www.flickr.com/photos/investhk/albums/72177720317864846.

Rime Capital eyes global growth via regional base in Hong Kong  Source: HKSAR Government Press Releases

Rime Capital eyes global growth via regional base in Hong Kong Source: HKSAR Government Press Releases

HKSAR Government highly concerned about Microsoft system outage

The Hong Kong Special Administrative Region Government is highly concerned about the massive technical outage of Microsoft system today (July 19) and has assigned the Deputy Chief Secretary for Administration (DCS) to monitor the situation. The DCS has asked government departments to closely keep in view developments under their purview and be prepared to make prompt response as well as immediate reports where necessary. The DCS will also give instructions as necessary.

The operation of government systems has remained normal and no incident report is received from departments in relation to their systems (including critical infrastructures under their purview). As regards individual airlines whose systems are affected by the Microsoft system outage, the Hong Kong International Airport has immediately activated the emergency response system to minimise the impact of the incident on travellers.

The Office of the Government Chief Information Officer has communicated with Microsoft and urged the company to release solution to the public and provide support to affected users as soon as possible.

Source: AI-generated images

Source: AI-generated images

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