Hong Kong’s property market is so dominated by the local elite property developers – the so-called big boys – that it’s often thought these developers will never be usurped from their positions of power, or that their ranks will ever change. ( read original story ...)
HONG KONG | Chip Wars: Tech rivalry underlies US-China trade conflict
HONG KONG — Chinese and American officials will be trying to ... a Beijing-based partner at consulting firm McKinsey, who estimates it will take a decade for China’s efforts to result in any meaningful shift. “You’ve got to solve all the complexity ... ( read original story ...)
Healthcare next in line for tech transformation
Good Doctor made a market debut in Hong Kong on Monday through a highly anticipated initial ... As the report from consulting firm McKinsey showed, China's healthcare spending is projected to grow to $1 trillion in 2020. This moves in line with a nation ... ( read original story ...)
Tencent’s WeDoctor raises $500 million, values firm at $5.5 billion pre-IPO
The investment round was led by AIA Company Ltd, part of Hong Kong-listed insurer AIA Group Ltd (1299.HK ... according to consultancy McKinsey & Co, with private healthcare providers and insurers looking to take a larger slice of the market. ( read original story ...)
An Indian exec is set to make a fortune when Xiaomi goes public
Xiaomi has announced plans for a $10 billion stock market debut in Hong Kong, which could value the company at around ... In 2011, he gave up a four-year stint at McKinsey & Company to co-create the DINK Couple comics, a cartoon series that started out ... ( read original story ...)
As Xiaomi goes public, the man who built its Indian arm from scratch is set to make a fortune
Xiaomi has announced plans for a $10 billion stock market debut in Hong Kong, which could value the company at around ... In 2011, he gave up a four-year stint at McKinsey & Company to co-create the DINK Couple comics, a cartoon series that started out ... ( read original story ...)
FT Investing for Good Asia
He worked for McKinsey & Co in Hong Kong as a management consultant, advising multinational corporations before taking up a role as the Managing Director of Cisco Systems, with responsibility for its Asia Pacific telecoms businesses. Subsequently ... ( read original story ...)
Competing to Innovate in the Pearl River Delta Region
Hong Kong’s Financial Secretary Paul Chan has unveiled sweeping ... As Jeongmin Seong, Senior Fellow at the McKinsey Global Institute, explains, the twin engines that have driven much of China’s economic growth over the past decades—a huge ... ( read original story ...)
Asia moves: HKEX appoints first female chair
Hong Kong Exchanges and Clearing has named Laura Cha May-Lung the ... at the Ontario Teachers’ Pension Plan and the Carlyle Group. She has also worked at McKinsey, in various Asian countries, and at PwC. Nikko Asset Management has appointed Yoichiro ... ( read original story ...)
As flat prices soar in Hong Kong, investors park money down in the lot
according to data from Centaline Property Agency. The flats currently go for about HK$4.7 million per unit. City-wide, while Hong Kong’s private homes roughly doubled in value between 2010 and 2017, the price of a parking spot in residential complexes ... ( read original story ...)
Hong Kong money laundering: The river runs through it
While Hong Kong struggles to reduce and contain money laundering activities at existing financial institutions, the role of cryptocurrencies in undermining compliance and enforcement capabilities is overlooked. Hong Kong’s financial institutions are ... ( read original story ...)
Exclusive Hong Kong Bankers Club in Central to make way for restaurant as landlord won’t renew lease
The Hong Kong Bankers Club is looking for a new home as the landlord Hongkong Land wants to lease its 7,000 square feet premises in Gloucester Tower to a restaurant operator in a bid to attract more traffic to its interconnected Landmark shopping centre ... ( read original story ...)
HKMA poised to launch HK$150 million pilot bond scheme
In 2017, Hong Kong’s total issuance of US dollar, euro, yen and local currency denominated bonds was US$467 billion, according to data from the Asian Development Bank. That was 10 per cent of Asia’s total – excluding Japan’s total bond issuance of ... ( read original story ...)
Fitch sounds warning on HK banking system’s integration with China
Fitch has issued a warning over the increasing integration of Hong Kong’s banking environment with China’s financial system. The ratings agency has downgraded its view on the operating environment for Hong Kong’s banks due to what it says is the ... ( read original story ...)