Search Results for: hong Kong

INTRODUCTION

The concept of bespoke tailoring and couture has long been regarded as the apex of clothing and textile making, given that it matches a garment closely to its wearer and intended use. Until now, such personal apparel has inevitably been expensive, given runs are individualised – indeed, bespoke has been the antithesis of mass-produced fast fashion.…

More than two decades have passed since the first 3D body scanners were developed for the apparel industry, but technologists and designers continue to find new ways to hone the systems in response to rising demand among brands and manufacturers for direct-to-consumer sales.…

A recent warning by the US government against investing in Hong Kong because of the strengthened Chinese security presence may weaken Hong Kong’s standing as a major centre for sourcing clothing and textile goods from mainland China, observers in the Special Administrative Region say.…

For evidence that China’s nationalistic ‘guochao’ consumer trend is gathering pace in the personal care product sector, look at the country’s powerful e-commerce sector. In February 2021, the turnover of cosmetics on China’s Taobao platform was Chinese Yuan Renminbi CNY14.7 billion (USD2.3 billion), a year-on-year increase of 11%, with the top brand in sales being the guochao-oriented personal care product brand Hangzhou-based Florasis Hua Xizi.…

China’s ‘guochao’ trend is picking up ever more steam, and observers warn that it might push foreign clothing brands’ China sales out of the comfort zone before long.

Guochao, which literately translates into ‘national tide’, is mainly captivating China’s Generation Z, whose expenditure accounts for 13% of average household income, compared with 4% in France and Germany, according to a survey cited by the South China Morning Post in April.…

INTRODUCTION

Graphene has been hailed as a wonder material by its promoters – and for once in the tarnished history of scientific hyperbole – these claims seem to have significant merit. The reality is that graphene does not only offer textile manufacturers the ability to improve the functionality of their products, it helps them achieve this in an environmentally sustainable way.…

KNOW Your Customer (KYC) maybe a key building block of AML/CFT, but undertaken periodically, it is expensive, can be difficult to manage and can annoy customers, eroding cooperation and hence effectiveness. That is why perpetual (or continuous, or ongoing) KYC has become an attractive option.…

THE GROWING popularity of cryptocurrencies has stoked concerns that they offer a haven for money launderers. The concern focuses on the risk that crypto can be used anonymously to buy goods and services, without them being converted into fiat currencies through exchanges that are a key focus of emerging AML/CFT controls.…

Obliged entities following the risk-based approach of calibrating AML/CFT controls lodging suspicious transaction reports must rely on solid knowledge about their customers and partners. But to be comprehensive in assessing risk, obliged entities must know something about their customers’ customers.

That is the underpinning of ‘know your customers’ customers’ (KYCC) systems that are increasingly being touted by vendors.…

China’s digital textile printing sector has significant growth ahead of it – but it is expanding. Data from the Qianzhan Industry Research Institute, in Shenzhen, shows that the output of digital inkjet printing in China currently accounts for approximately 11% of total output of printed fabrics, far from Europe’s ratio of 80%.…