McKinsey's latest research reveals that at least 80 per cent ... the UK, New Zealand, Estonia, Hong Kong and Japan. As the digital future becomes inevitable, we understand that the one-size-fits-all approach in banking does not work anymore. ( read original story ...)
How Los Angeles Is the Future of Cities
Just ask Singapore, Hong Kong, or Dubai—cities that have thrived by building ... and why the U.S. economy remains so large and powerful. A McKinsey study found that 600 cities account for about 60 percent of global GDP. This city-heavy global economy ... ( read original story ...)
Housing affordability: A supply-side tool kit for cities
Research from the McKinsey Global Institute has examined the scope of the ... pedestrian-friendly cityscapes. Places such as Hong Kong and Seoul have already intensified land use around transit stops. Seoul allows floor-area ratios that are up to 20 ... ( read original story ...)
Chinese luxury customer market to hit $1 trillion RMB by 2025
In a new report from McKinsey & Company, titled ‘Chinese luxury consumers ... Shopping overseas remains a key reason to travel, as Hong Kong remains the most prominent destination, followed by South Korea. Consumers have become considerably less keen ... ( read original story ...)
OFX Hires Mike Kennedy as President, North America
Before founding clearXchange, Mr. Kennedy was an Executive Vice President with Wells Fargo and an Engagement Manager at McKinsey & Co. He has a Master ... San Francisco, London, Hong Kong and Auckland. The OFX Group Limited is a publicly listed entity ... ( read original story ...)
HKETO, Brussels makes sure Hong Kong is “on the radar” of Cypriot businesses (with photos)
Hong Kong Economic and Trade Office, Brussels (HKETO, Brussels) co-organised a business seminar titled "Is Hong Kong on your radar ?" with the Cyprus Chamber of Commerce and Industry (CCCI) and Invest Hong Kong (InvestHK) in Nicosia, Cyprus on October 11 ... ( read original story ...)
British activist barred from Hong Kong to start NGO monitoring city’s affairs
A British activist who was denied entry into Hong Kong is going ahead with plans to spearhead a group to monitor the city’s affairs, despite Beijing’s formal complaint to the UK about interference in China’s internal matters. At the centre of the ... ( read original story ...)
All you need to know about high-flying Hong Kong start-ups GoGoVan and Lalamove
It has been more than a month since logistics company GoGoVan became the first Hong Kong start-up to be valued at more than US$1 billion, and now rival Lalamove has staked its claim as the city’s next “unicorn” after raising US$100 million from a ... ( read original story ...)
Hong Kong’s MPF pension scheme poised for best year since 2009
Hong Kong’s pension scheme, the Mandatory Provident Fund ... Kenrick Chung Kin-keung, director of MPF business development at Convoy Financial Services, noted some risk factors ahead for the MPF. “The US, Japan and Europe have started to wind down ... ( read original story ...)
Fintech startup Revolut is signing up 40 new business customers every day
Foreign exchange startup Revolut has 16,000 business customers four months after launch. Signing up 3,000 to 3,5000 new retail customers each day. Plans to launch in the US, Australia, Canada, Singapore, and Hong Kong in the first quarter of 2018. ( read original story ...)
New Hong Kong leader proposes small business tax cut, housing help
HONG KONG -- Chief Executive Carrie Lam on Wednesday laid out a broad vision for Hong Kong in her first policy address since she assumed the city's highest office, pledging to help the middle class by lowering the tax rate on small businesses and promising ... ( read original story ...)
In Hong Kong, It’s the Fans Who Protest During the National Anthem
While Hong Kong returned to Chinese control in 1997, it still fields its own teams in international sports competitions. One of its most popular teams, men’s soccer, has become a focal point for discontent. On Tuesday, fans booed before the start of an ... ( read original story ...)
Lalamove on track to become next start-up unicorn from Hong Kong
Hong Kong logistics start-up Lalamove said on Wednesday that it has raised US$100 million in the latest round of funding, placing its valuation to close to US$1 billion, giving further impetus to its expansion plans in Southeast Asia and maintain its ... ( read original story ...)
Venus Williams keeps mum on Serena at Australian Open after getting back to business in Hong Kong
Keep the questions to the tennis, the gathered media was urged before Venus Williams’ post-match press conference. The Victoria Park media tent hardly seemed the time or place to bring up the fatal car crash she was involved in earlier this summer. ( read original story ...)