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 ...)
Treebo lost almost Rs 3 for every rupee in revenue for FY18
They were colleagues at McKinsey & Co. before that ... in its Series C funding round led by Hong Kong-based investment firms Ward Ferry Management and Karst Peak Capital. Treebo works with new and exi... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) bracing for more volatility
The current value of the CCI is 20. This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago. HANG SENG INDEX closed up 436.311 at 25,416.000. Volume was 18% above average (n... ( read original story ...)
Cryptocurrency rules to be unveiled by SFC as Hong Kong aims to become major trading hub
Hong Kong’s financial watchdog will today unveil a comprehensive set of regulations governing cryptocurrencies in a move that could help make the city a major trading centre for virtual assets. The ne... ( read original story ...)
Hong Kong embraces crypto with UK-style ‘sandbox’ to protect startups from regulatory burdens
Hong Kong is proposing a regulatory "sandbox" — a space for firms to innovate without regulatory burdens, Reuters reports. The move echoes a 2016 program by the UK's financial regulator, which ... ( read original story ...)
Hong Kong Reveals Regulatory Framework for Crypto Exchanges, Funds
The Hong Kong Securities and Futures Commission (SFC) released a statement today stipulating the regulatory standards that would define the trajectory of virtual assets portfolio managers and fund ... ( read original story ...)
Showcasing Startup Ecosystems of Hong Kong and India
*Depart Island Shangri La-Hotel by Private Bus at 9:30 /Depart HKSTP at 15:30 for Island Shangri La-Hotel Asia is fast becoming an innovation, technology and entrepreneurship hub, witnessing a thrivin... ( read original story ...)
Social e-commerce startup Goxip raises new funding led by Convoy
Goxip, a Hong Kong-based social e-commerce startup, has raised US$1.4 million in a new funding round led by local financial advisory services firm Convoy, according to an announcement. Previous backer... ( read original story ...)
Hong Kong Stock Exchange Taps Digital Asset for Post-Trade Blockchain Trial
The Hong Kong Stock Exchange (HKEX) has teamed up with distributed ledger startup Digital Asset to develop a blockchain platform for post-trade processing. The two firms are exploring the development ... ( read original story ...)