The data trove was revealed on Wednesday in a speech delivered on behalf of Guo Shuqing, chairman of the country’s powerful new China Banking and Insurance Regulatory Commission (CBIRC), at a forum on financial stability in Hong Kong. Veteran technocrat ... ( read original story ...)
My HKU MBA Got Me A Top Finance Internship In Hong Kong—Now I’m Using It To Switch Careers
Internships are often a key part of any MBA student’s career journey—a chance to try out new industries, build new business networks, and land new jobs. Pranavi Kapur knows that better than most. A current MBA student at the University of Hong Kong ... ( read original story ...)
Hong Kong’s Most Popular ETF Is Shorting the Whole Equity Market
A fund that makes money when Hong Kong stocks tumble has suddenly garnered a whole lot of interest. The CSOP Hang Seng Index Daily Inverse Product has attracted some $136 million worth of cash in 2018, the biggest inflows for any fund trading on the city ... ( read original story ...)
Hong Kong: Upgrading GDP Growth For 2018
Hong Kong GDP grew 4.7% year-on-year in 1Q18 ... The producing legal entity ING Bank N.V. is authorised by the Dutch Central Bank and supervised by the European Central Bank (ECB), the Dutch Central Bank (DNB) and the Dutch Authority for the Financial ... ( read original story ...)
Standard Chartered hires for key team in Hong Kong and Singapore
as it continues its efforts to bolster its private bank. Last month, Claudia Loh joined as an executive director in Singapore and Samuel Chang came on board as a director in Hong Kong. Both now work in work in wealth transformation, according to their ... ( read original story ...)
Bank of India files lawsuit against Nirav Modi in Hong Kong court for recovery of $6.25 million
State-owned Bank of India on Monday filed a lawsuit against fugitive fraudster Nirav Modi in a Hong Kong court for the recovery of the money he had drawn from the bank on the basis of illegally secured Letters of Undertaking. The public sector bank moved a ... ( read original story ...)
A Hong Kong business success story: how Asia beauty chain Sasa grew from a tiny basement shop to a retail empire
Smartly dressed and sporting a pair of hip, round lens glasses, Simon Kwok Siu-ming looks younger than his 64 years, but that’s to be expected from the chairman and CEO of Hong Kong’s biggest retailer of cosmetics and skincare products. Many male users ... ( read original story ...)
How e-wallet entrepreneur in Hong Kong bounced back after losing everything when deal failed
There was pollution from the Indonesian wildfire haze, bird flu, Sars and bombings in Bali, Indonesia. We decided to start our business in Hong Kong. I brought a large sum of money and got 42 properties. I started to invest in real estate at age 28 ... ( read original story ...)
Startup&Angels Hong Kong #1 – 2018: A New Investor Landscape
Startup/Angels is now arriving in Hong Kong for its first edition ! Meet entrepreneurs, founders, business angels and investors around wine, beer and canapés at Startup&Angels, Wednesday 23 May 2018 from 6:30pm to 9.00pm @WeWork Tower 535, 535 Jaffe Road ... ( read original story ...)
Financial services firms in Hong Kong are expanding. Here’s who they want to hire
Hong Kong’s importance as a regional financial hub is increasing, creating significant career opportunities for professionals in the sector. The large international banks are expanding their private wealth arms as they look to capture the Mainland ... ( read original story ...)
Asian consumers love digital banking — here’s why Americans are less excited about it
McKinsey surveyed about 17,000 people in Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam. In Asia, “consumers are ready, and they are migrating ... ( read original story ...)
Digitizing dairy in China
Has served with Danone and Dumex Baby Food for more than ten years and is currently vice president and nonexecutive chairman, Greater China, of Danone Early Life Nutrition, Greater China In December 2017, Mr. Lu sat down with McKinsey Quarterly to share ... ( read original story ...)
HSBC corporate clients in 24 markets offered use of facial recognition technology
HSBC is to introduce facial recognition technology for its corporate clients in 24 markets worldwide, including Hong Kong and mainland China, instead of them having to use passwords to log onto their mobile accounts. The bank said the latest move will ... ( read original story ...)
Xiaomi sued for alleged patent infringement ahead of blockbuster IPO
which last week filed for a Hong Kong IPO that could be worth up to $10 billion, for patent infringement. Coolpad said in a statement late on Thursday its subsidiary, Yulong Computer Telecommunication Scientific (Shenzhen) Co Ltd filed a lawsuit against ... ( read original story ...)