The planned bill sale by the People’s Bank of China (PBOC) in Hong Kong next week, the central bank’s first step towards creating a offshore monetary policy, will improve market transparency and help ... ( read original story ...)
Bank Blockchain Now Live in Hong Kong
The aim of eTrade Connect, as it is called, is to modernise the world’s trade finance network, which was worth around $9 trillion in 2017. Despite its size, the market is outdated and largely paper-ba... ( read original story ...)
Cryptocurrency rules unveiled by SFC as Hong Kong aims to become major trading hub
Hong Kong’s financial watchdog unveiled on Thursday a comprehensive set of regulations governing cryptocurrencies in a move to enhance investor protection which analysts believe could help make the ci... ( read original story ...)
Hong Kong Exchange Prepares for Blockchain Trading Platform
Hong Kong Exchange and Clearing Limited (HKEX) has joined forces with Digital Asset to develop a blockchain platform for post-trade allocation and processing of trades. This alliance was created ... ( read original story ...)
A third of Hong Kong children have special educational needs – and the city is failing them
An audit report published earlier this year showed that one in three pupils in Hong Kong aged eight or older were identified as having special educational needs (SEN) for the first time in the previou... ( read original story ...)
Hong Kong startup ecosystem reaching for the top floor
EPiC, an event organised by the Hong Kong Science and Technology Parks, showcased why the future for the city’s startup scene is bright High above Hong Kong’s iconic International Commerce Centre (ICC ... ( read original story ...)
Flower plaque brings a taste of Hong Kong culture to trendy Tokyo shopping centre, as trade delegation visits city
A crimson flower plaque lined with light bulbs and erected inside one of the trendiest shopping malls in Tokyo showcased Hong Kong’s cultural heritage on Thursday. Choi Wing-kei, 43, the second genera... ( read original story ...)
China’s ‘great wall of capital’ set to benefit mutual funds
“The big opportunity is China,” said Jacob Dahl, a senior partner at McKinsey, based in Hong Kong. “About 40 per cent of Asia assets under management is currently in China.” China has seen strong infl... ( read original story ...)
Hong Kong and Singapore bankers jittery about mainland travel after UBS RM questioned in China
Private bankers in Singapore and Hong Kong are becoming more cautious about ... a lucrative and largely untapped market, estimated by McKinsey to be worth about US$6 trillion in investable assets ... ( read original story ...)
Barton Draws on McKinsey Past to Help Teck ‘Withstand Torpedoes’
Barton, on the other hand, is moving -- to Hong Kong where his partner is based -- though he plans to keep a residence in Vancouver. When he retires from McKinsey next August, he expects to pick up a ... ( read original story ...)
Asian asset management revenues on course to double by 2022
Tackling Asia requires managers to identify their priority markets and pay close attention to the secular trends that will determine long-term results, says Jacob Dahl, a senior partner at McKinsey, b... ( read original story ...)
Myanmar welcomes more investment from Hong Kong
In addition, Hong Kong is one of the key investors in Myanmar with the rank of 4th after China, Singapore and Thailand. According to McKinsey and Company, Myanmar needs 320 billion US$ investment for ... ( read original story ...)
Technology is shaking up the financial industry and big banks are struggling to adapt
"The rise of digital innovators in financial services presents a significant threat to the traditional business models of retail banks," consultancy McKinsey & Company said ... during the same Wednesd... ( read original story ...)
Questioning of UBS banker comes at delicate time for financial firms in China
McKinsey estimates about US$6 trillion in assets could become ... The city state recently edged out Hong Kong in terms of competitiveness in Deloitte’s International Wealth Management Centre Ranking, ... ( read original story ...)