China’s torpedo tech, defects at Hong Kong MTR station: 5 weekend reads you missed

Chinese engineers have utilized high-speed torpedo technology to reduce cargo ship fuel use by 5%, according to Reuters Business via SCMP.

In Hong Kong, a report by digital wealth management platform Endowus and strategy consulting firm Quinlan & Associates found that employees in tightly regulated financial institutions generate approximately HK$35.8 billion (US$4.66 billion) in investible income annually. However, nearly 237,000 finance professionals face difficulties investing due to personal account dealing (PAD) restrictions designed to prevent insider trading and manage conflicts of interest.

Benjamin Quinlan, CEO of Quinlan & Associates, stated that these professionals face three key pain points regarding personal investment plans, including limited investment choices, heightened risk, and an inferior investing experience. The report noted that the average income in Hong Kong’s regulated financial services industry was HK$66,245 per month last year, which is roughly three times the median income of the employed population.

Brief written by urgent.news from Reuters Business via SCMP, SCMP Business — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.