More investment banking jobs could eventually move from Hong Kong to China, if global banks such as J.P. Morgan gain greater control over their mainland joint-venture operations, experts warn. J.P. Morgan is working with Chinese regulators to develop a new ... ( read original story ...)
amaBhungane and Scorpio #GuptaLeaks: Guptas and associates score R5.3bn in locomotives kickbacks
CSR (Hong Kong) was a subsidiary of China South Rail (CSR), the mainland ... In December 2012, Transnet appointed a consortium led by global consultants McKinsey to advise on the 1,064 procurement. As amaBhungane previously reported, advisory firm ... ( read original story ...)
Ant Financial seen becoming world’s top consumer bank
HONG KONG -- In a world that embraces disruptive technology ... sanguine about the prospect of Ant Financial conquering the world. Vinayak HV, who leads McKinsey's digital banking practice in the Asia-Pacific, doubts if the young company, when trying ... ( read original story ...)
Skyline views, river cruise part of Windy City fun
Joanne is an executive assistant at giant consulting firm McKinsey, but also volunteers as a Choose Chicago ... Magnificent Mile rounds out the experience. The mantra of the Hong Kong-based Peninsula chain for its Chicago property is Midwestern hospitality ... ( read original story ...)
Boards Of Directors — Shaping To Today’s World
He was based in Hong Kong for 17 years, where he served as the CEO of Cerberus ... earlier in his career, he was with McKinsey & Company. He speaks Mandarin and teaches corporate governance, private equity, U.S.-China relations, and innovation at the ... ( read original story ...)
Why luxury watchmakers are targeting fashion lovers through e-commerce sites
McKinsey & Company projects that by 2025 ... is not too concerned about how his business would be greatly influenced by this development. “In places like Hong Kong, brick-and-mortar stores are so accessible,” he says. “It’s convenient for customers ... ( read original story ...)
Willis Towers Watson appoints head of investments for APAC
Ogai began his career in asset management, and before joining Willis Towers Watson worked at the management consultancy McKinsey & Company ... Pacific outside of Japan and Australia. Based in Hong Kong, Bok will start in this newly created role on July ... ( read original story ...)
Spotify targets Asia for growth ahead of listing
Here's why: Asia represents a big opportunity for music streamers, as only 14% of global digital music revenue comes from the region, according to McKinsey ... Malaysia, Hong Kong, and Indonesia is Tencent-owned Joox, and this is largely due to the ... ( read original story ...)
Visa eyes big bucks from ‘contactless payments’
According to McKinsey estimate, digital banking users will be around ... Over the past seven years, contactless payments have grown in Australia, Taiwan, New Zealand, Singapore and Hong Kong. For instance, in Australia, over 60 per cent of all face-to ... ( read original story ...)
Dirty fighting in some of Hong Kong’s wealthiest families may undo value of kinship
“I feel a little bit sorry for HSBC,” said John Ashwood, Hong Kong managing director at Zedra, a trust services specialist. “What’s going on has nothing to do with the working of the trust but rather a dispute within the Lo family.” The Lo clan ... ( read original story ...)
Hong Kong’s ‘silver tsunami’ will require a holistic approach to health care, top US medicine scholar says
Integrated efforts both inside and outside government will be required to tackle health care challenges brought by Hong Kong’s ageing population, the head of a top American medical institution said. Professor Victor Dzau, president of the US National ... ( read original story ...)
Hong Kong EV Startup Touts Technological Edge
SHANGHAI – Thunder Power, a Hong Kong-based electric-vehicle startup, proclaims an ambitious goal: to make the most desirable EV in China. “An obvious difference between us and (U.S. EV maker) Tesla is we have the key technologies before actually ... ( read original story ...)
Wonderland Villas: A Tale of Hong Kong’s Property Rollercoaster
Hong Kong: Red-whiskered bulbuls start chirping around 5:00 am at Wonderland Villas, a hilltop complex in leafy northern Hong Kong whose own history charts the city's political, economic and social fortunes. Built in 1984, the year colonial power Britain ... ( read original story ...)
Divorce Is Pushing Hong Kong’s House Prices Even Higher
The usual suspects for Hong Kong’s sky-high property prices are low interest rates, a housing shortage and demand from mainland China. But there’s another unforeseen factor: divorce. Demand for separations and remarriages have accelerated sharply over ... ( read original story ...)