Elliott Management’s court case against Sir David Li’s Bank of East Asia pits the aggressive new world of activist investment against one of Hong Kong’s most venerable institutions. The stakes are high, and the rhetoric tough.

The former Portuguese colony wants to break free of its dependency on gambling. It is hoping that some new – and expensive – infrastructure will help bring in the tourists.

Asiamoney has released the results of its sixth Offshore RMB Survey. HSBC retains its indisputable position at the top, followed by Standard Chartered and Bank of Tokyo-Mitsubishi UFJ.

It is a strange world when the most outward-looking financial institution is based in Beijing – welcome to Asian Infrastructure Investment Bank, led by Jin Liqun. But can the rest of the world really accept the idea that this is an apolitical organization formed only for regional infrastructure?

The two licences awarded to JPMorgan and Citi in the Chinese bond markets this week look like progress, but need closer examination.

The growth of renminbi trade has stalled, but it has forced a turning point to how corporates use the Chinese currency.