19 December 2022
Market View: Wall Street in retrenchment mode, Hong Kong’s aim to become a crypto hub vs. FTX saga, US blacklists YMTC, EVs and crypto mining on power reliability
Wall Street is in a retrenchment mode with job cuts and hiring freezes in the tech world making their way to the finance industry.
Major banks including Goldman Sachs Group, Morgan Stanley and Credit Suisse Group have either announced plans or carried out rounds of layoffs ahead of an impending recession. Is this a cause for concern or should investors heave a sigh of relief that banks are taking measures ahead of a potential downturn?
Elsewhere, the crypto sector continues to be a focus area of our discussion today, with Hong Kong Bitcoin and Ether Crypto ETFs raising US$79 million amid the saga surrounding FTX’s founder Sam Bankman-Fried. Will Hong Kong be able to attain its goal of becoming a crypto hub?
On Market View, Prime Time’s finance presenter Chua Tian Tian posed these questions to Lily Fang, Dean of Research and Professor of Finance at INSEAD.

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Listen to her previous podcasts:

2 April 2020
Should identifying the immune population be on the cards in the battle against COVID-19?
We speak to Lily Fang, INSEAD Professor of Finance and the AXA Chaired Professor in Financial Market Risk about whether identifying the immune population should be on the cards in the battle against COVID-19.

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