The Hong Kong-based McKinseyite is known for his quick but clear decision-making and strong focus on financial performance. But the final run-off will have come as a disappointment to those partners who were hoping McKinsey — a vocal advocate of the ... ( read original story ...)
Clueless finance minister offers the usual budget pile of unspent cash and unsolved problems
It’s time for Hong Kong finance chiefs to stop saving for a rainy day and start spending—and spending big—today. Indeed, the looming “structural deficit” that Tsang harped on about as the surpluses piled up is now being questioned by economists ... ( read original story ...)
‘Hard to please all’, Hong Kong finance chief says about use of budget surplus as he hints at medical system boost for elderly
More funding might be on the way to “strengthen” the medical system “for the ageing population”, Hong Kong’s financial secretary hinted on Sunday amid discussion over the city’s considerable budget surplus. In a blog post, Paul Chan Mo-po ... ( read original story ...)
Life beyond cryptocurrencies – Hong Kong and China fintech firms show there is more to blockchain
Chong Sing Holdings Fintech Group, a Hong Kong-listed company that provides loans to small ... contracts”, which are embedded in the blockchain protocol, in its lending business. This means a repayment from a borrower can be automatically allocated ... ( read original story ...)
From Hong Kong IT worker to Canadian plumber: the path of those seeking escape from ‘hopeless’ city
The man, who lived in the city for almost two decades and holds a Hong Kong identity card, had made plans to ditch his office job and move to Toronto. He had already obtained Canadian citizenship. Hong Kong’s doctors and nurses head for new lives in ... ( read original story ...)
Hong Kong pensions regulator steps in to prevent speculative activity through Mandatory Provident Fund
Hong Kong’s pensions regulator has warned all 14 Mandatory Provident Fund providers to tighten control over their schemes to prevent abuse by clients who are gambling on the stock market through their retirement savings, the South China Morning Post has ... ( read original story ...)
Speech by CE at opening of forum “Breaking Boundaries, Building Bridges – The Role of Education” (English only) (with photos)
A recent McKinsey Global Institute study ... the Education Bureau is providing scholarships for local students admitted to Hong Kong-funded research postgraduate programmes. And I can tell you, there is a great deal more funding on the way for I&T ... ( read original story ...)
Rebecca Pang
Pang has also worked as a senior manager for T-Mobile USA, an investor relations officer for China Netcom in Beijing and a business analyst for McKinsey and Company in Hong Kong. Pang earned her honours bachelor of business administration from the Chinese ... ( read original story ...)
Banking on China’s global ambitions
According to McKinsey, it could potentially cover a third of global ... Experts say the UAE is already a leading RMB corridor for trade for China and Hong Kong, with RMB clearing and the presence of four Chinese banks. What is needed now is more awareness. ( read original story ...)
Re-eIected, but GrainCorp chairman’s many board jobs draw scrutiny
Additionally, he is a director of GI Dynamics and Hongkong and Shanghai Banking Corporation ... Mr Bradley is a lawyer, and former executive with management consultancy McKinsey and Company, and past managing director of financial manager, Perpetual. ( read original story ...)
Innophos : Appoints Eugenia Erlij as Vice President, Marketing
Earlier in her career, Erlij was Director, Customer Marketing for L Brands and was a consultant in McKinsey & Companys Mexico City and Hong Kong offices. Erlij will be responsible for developing a robust and agile marketing organization that is strongly ... ( read original story ...)
Global fashion brands the new M&A targets
In December 2016, Ruyi acquired British heritage brand Acquascutum from its then owner YGM Trading in Hong Kong and most recently it bought ... with their existing China business, according to McKinsey&Company, a global management consulting firm. ( read original story ...)
Saudi Aramco’s IPO: Will It Happen?
McKinsey & Co. estimated the value of Aramco in 2005 at $781 ... Several exchanges are competing for the honor, including those in London, Hong Kong, Tokyo and New York. Each market has its pros and cons. “Aramco public listing should be made on the ... ( read original story ...)
One of the most senior women in the hedge fund business identified the problem almost every fund has
In 2017, McKinsey studied 1,000 public companies in 12 countries ... Fund managers react during a boxing match at the ‘Hedge Fund Fight Nite’ charity event in Hong Kong October 30, 2008. There were 3,000 hedge funds in 1998 when I started, controlling ... ( read original story ...)