Enzio's Clock

Your use of the Website is at your own risk.

Commercial Economics Asia Limited is licensed by the Hong Kong Securities and Futures Commission (the "SFC") to advise on securities (holding a Type 4 regulated activity licence) under the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong) and shall observe, and comply with, its obligations as such but is otherwise under no obligation to verify the identity of users of the Website. Commercial Economics Asia Limited is not licensed by, registered with or regulated by any other entity in any jurisdiction.

The Content and all subscription services are not intended for distribution to, or use by, any person or entity in any jurisdiction where such distribution or use would be contrary to law or regulation or which would subject Commercial Economics Asia Limited to any registration requirement within such jurisdiction. If you are resident in, or are accessing the Website from, a jurisdiction other than Hong Kong, you are responsible for compliance with the applicable laws and regulations of your jurisdiction. You should consult your professional advisers as to whether you require any governmental or other consents or need to observe any formalities to enable you to use the Content and all subscription services. Please do not access the Website if the publication or availability of this Website is in any way prohibited in your jurisdiction.

The Content shall not be construed in any jurisdiction as a solicitation or offer or advice or recommendation to acquire or dispose of any investment or to engage in any other transaction. Without limitation, the information on the Website is not for distribution and does not constitute an offer to buy or sell any securities in the United States of America to or for the benefit of any United States person (being a resident of the United States of America or a partnership or corporation organized under the laws of the United States of America).

Commercial Economics Asia Limited disclaims any liability for investment decisions made based on the Content to the fullest extent permitted by law. The Content and all subscription services are provided on an “as is” and “as available” basis and speak as of the date on which they were first published and do not reflect any changes in law, events or practice since that date. Commercial Economics Asia Limited does not undertake an obligation to update the same or to correct any inaccuracy that may become apparent at a later time. All information, opinions and statements expressed herein are subject to change without prior notice.

The Content and all subscription services are intended for informational purposes only and should not be used as a basis for making any business, investment or financial decisions. They do not take into account the specific investment objectives, financial situation, individual circumstances or particular needs of any particular person (including any legal risks, accounting characteristics or tax position). They may cover a wide range of topics and are not intended to be a comprehensive study or to provide any specific recommendation or advice whether on personal investing, financial planning or otherwise. Commercial Economics Asia Limited and its service providers disclaim all representations, warranties or conditions of any kind, whether express or implied including, without limitation, implied warranties of merchantibility, fitness for a particular purpose, performance or durability, to the fullest extent permitted by law.

Some of the information may contain projections or other forward looking statements regarding future events or future financial performance of countries, assets, markets or companies. These statements are only predictions and actual events or results may differ materially. Similarly, any past performance figures are not necessarily indicative of future or likely performance. Any geographic, political, economic, statistical, financial and exchange rate data may in certain cases be presented in approximate or summary or simplified form and may change over time.

Commercial Economics Asia Limited may act or rely on the opinion or advice of or any information obtained from any third party investment adviser, manager, dealer, broker, valuer, surveyor, auctioneer, professional adviser or other expert and Commercial Economics Asia Limited, acting in good faith, shall not be liable for any loss arising out of such action or reliance. Specifically, reliance may have been placed by our editors on certain external statistical data which, though believed to be correct, may not in fact be accurate. Any reference to any specific company, financial product or asset class in whatever way is used for illustrative purposes only and does not constitute a recommendation on the same. While all reasonable care has been taken in preparing the Content, no warranty whatsoever is given and no responsibility or liability is accepted for any loss arising directly or indirectly in connection with or as a result of any person acting on any information, opinion or statement expressed in the Content. In particular, no warranty is given that economic reporting information material or data is accurate, reliable or up to date

Commercial Economics Asia Limited is not acting as agent, fiduciary or trustee for or advisor to you. Commercial Economics Asia Limited does not intend to provide any legal, accounting, financial or tax advice on any specific facts or circumstances and you acknowledge that you are not relying upon the Content, and that it should not be relied upon, in that regard. Accordingly, please obtain professional independent financial advice and/or such other professional advice (as you consider appropriate) regarding the suitability of any investment product or strategy (taking into account your specific investment objectives, financial situation, individual circumstances or particular needs) before you make a commitment to enter into any transaction. In the event that you choose not to seek advice from any professional adviser, you should consider whether the transaction in question is suitable for you. You should always make your own independent investment analysis and decisions regarding any transaction taking into account any advice received, the normal risks involved when investing and, in some cases, the particular risks associated with the specific investment transaction you intend to enter into.

Commercial Economics Asia Limited shall not be liable for any damages resulting from the access, use or reliance of, or inability to access or use of, the Content and all other products or services contained herein, notwithstanding any prior notice or advice given to Commercial Economics Asia Limited of any such possibility.

In no event shall Commercial Economics Asia Limited, or any of its subsidiaries or affiliates, and their respective officers, directors, employees, representatives, agents, information providers, service providers, suppliers, licensors and licensees, and all other related, associated, or connected persons be liable for any damages, whether it be direct, indirect, special, punitive, exemplary, consequential or incidental. The limitation of liability also applies to damages under any contract, negligence, strict liability or other causes of actions arising out of or in relation to this Website and the Content. This includes, but is not limited to, any loss, damage or injury to any data, income, goodwill, property or third parties caused by any failure of performance, error, omission, interruption, deletion, defect, transmission blackout, incorrect data transmission, delay in operation, computer virus or other destructive items, communication line failure, theft, tortious behavior, negligence, and so forth.

The Website may contain links to other internet sites or resources that are not maintained or controlled by Commercial Economics Asia Limited. You acknowledge and agree that Commercial Economics Asia Limited shall not be held responsible for the legality, accuracy, veracity, reliability, completeness, usefulness, adequacy or appropriateness of any contents located in these linked sites. Further, Commercial Economics Asia Limited makes no warranty, express or implied, with respect to any loss or damages caused by the use or reliance on any such content.

Commercial Economics Asia Limited uses the services of Paypal Inc., an ebay company, solely for the purpose of receiving subscription monies and remitting refunds where appropriate. In no event shall Commercial Economics Asia Limited, or any of its subsidiaries or affiliates, and their respective officers, directors, employees, representatives, agents, information providers, service providers, suppliers, licensors and licensees, and all other related, associated, or connected persons be liable for any damages or losses directly or indirectly caused to you due to the use of, or your holding of, an account with Paypal.

Without limiting the generality of the foregoing, Commercial Economics Asia Limited and its service providers make no representation, warranty or condition that:

• the Website will be compatible with your computer and related equipment and software;     
• the Website will be available or will function without interruption or will be free of errors or that any errors will be corrected;
• the information available on or through the Website will be accurate, complete, sequential, or timely;
• certain or any results may be obtained through the use of the Website; and/or
• the use of the Website, including the browsing and downloading of any information, will be free of viruses, Trojan horses, worms or other destructive or disruptive components.

Commercial Economics Asia Limited and its service providers disclaim any and all liability regarding such matters to the fullest extent permitted by law.