In all the countries surveyed (including China, Hong Kong, Taiwan, Italy and Germany), most consumers ... That insight comes off the back of a study last year from McKinsey & Company, which showed that annual clothing production exceeded 100 billion ... ( read original story ...)
Race for China’s $5.5tn mobile payment market hots up
“The dominance of the Taobao and T-Mall ecommerce platforms initially helped make Alipay the default digital wallet in China,” said Jeff Galvin, partner at McKinsey in Hong Kong. “But now, as Chinese spend more and more time in the WeChat ecosystem ... ( read original story ...)
Harvard Business School’s 2017 Class Day Student Speaker Announced
Andrew worked in marketing and brand strategy for Ogilvy & Mather in New York and Hong Kong. After graduation, he will spend one year in strategic planning at the Whitney Museum of American Art as an HBS Leadership Fellow before joining McKinsey & Company ... ( read original story ...)
Can you profit from families bingeing on TV box sets? The funds taking stock of our changing viewing habits
Even though it's only two years old, Joox, Tencent's music streaming service, has already eclipsed rivals Apple and Spotify in Asia, accounting for more than half of downloads in Indonesia, Hong Kong, Thailand and Malaysia. McKinsey and Co, a leading ... ( read original story ...)
Former Citigroup retail banking head Larsen joins Ping An to head US$1 billion fintech, health-care fund
Previously based in Hong Kong, Larsen had been striving to double Citigroup ... Gregory Gibb, a former consultant with McKinsey, is chief executive of Lufax, for instance. In late April, Ping An was named the world’s most valuable insurance brand ... ( read original story ...)
Ping An Appoints Jonathan Larsen as Chief Innovation Officer and CEO of New USD1 Billion Fin-tech and Health-tech Fund
HONG KONG and SHANGHAI, May 4, 2017 /PRNewswire/ -- Ping An Insurance ... Goldman Sachs, Citigroup, Prudential, and McKinsey & Company, creating a seamless international culture. ( read original story ...)
HSBC powers a tram shelter in Hong Kong with solar panels
The Belt-and-Road Initiative (BRI) is a visionary blueprint for global economic development while leading the global shift to a green economy. HSBC goes beyond understanding the potential opportunities which could result from the Belt-and-Road Initiative ... ( read original story ...)
More consolidation in Asian private banking as OCBC to buy NAB's Singapore and Hong Kong business
Southeast Asia's second largest lender OCBC agrees to buy NAB's private wealth business in Singapore and Hong Kong. Agreement follows several similar deals over the past few years, which saw a few non-Asian banks exiting the region's wealth management ... ( read original story ...)
BOCOM International prices HK IPO near bottom, raising $230 mln
priced on Friday its Hong Kong initial public offering (IPO) near the bottom of expectations, raising $230 million. The company, a unit of Bank of Communications Co Ltd (BoCom) , priced the 667 million shares on offer at HK$2.68 each, after marketing the ... ( read original story ...)
Hong Kong bourse better off without Beijing's aid
This looks like fresh evidence of Beijing's tightening grip on the city - and its belief that market prices are a tool to signal good news. Exporting that stance will dent Hong Kong's appeal. On the face of it, there is no need for any assistance. ( read original story ...)
Hong Kong GDP Beats Estimates as Consumer Spending Perks Up
Hong Kong’s economy beat analyst expectations in the first quarter ... beating median estimate for 0.2 percent growth from analysts surveyed by Bloomberg News Economy expanded 4.3 percent in the first quarter from a year earlier, stronger than the ... ( read original story ...)
Hong Kong tightens rules on bank loans for property developers
HONG KONG May 12 Hong Kong on Friday imposed stricter restrictions on bank lending to developers, warning there was a need to review credit risks posed by property companies in one of the world's most expensive real estate markets. Home prices in Hong Kong ... ( read original story ...)
UPDATE 1-BOCOM International prices HK IPO near bottom, raising $230 mln
priced its Hong Kong IPO near the bottom of expectations, underscoring the tough environment for financial companies in the Asian financial hub. The company, a unit of Bank of Communications Co Ltd (BoCom) , priced the 667 million shares on offer at HK$2 ... ( read original story ...)
Fitch Affirms 6 Hong Kong Banks; Positive Outlook on OCBC Wing Hang Bank
(The following statement was released by the rating agency) HONG KONG, May 11 (Fitch) Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDR) of six Hong Kong banks as follows: - OCBC Wing Hang Bank Ltd (WHB) at 'A+', - Bank of China (Hong ... ( read original story ...)