Hong Kong homebuilders to face tougher limits on bank borrowing

The HKMA hopes that by cutting the amount of financing available to the homebuilder it will discourage the developers from offering generous mortgages to buyers – something seen by most observers as hindering efforts to deflate Hong Kong’s sizzling ... ( read original story ...)

Fund managers on fixed income recruitment drive

Before this role, Jaehne was a director at Fitch Ratings and a senior research analyst at McKinsey and Company ... professionals operating out of Australia, New Zealand, Hong Kong and the US," Warner said. Vanguard, meanwhile, is currently advertising ... ( read original story ...)

Can Prefab Housing Improve Housing Affordability?

According to a report by the McKinsey Global Institute ... Sydney ranks number two, after Hong Kong, with a multiple of 12.2. The median-priced Sydney home costs $1,077,000, while the median income is $88,000. Melbourne came in sixth with a multiple ... ( read original story ...)

Race for China’s $5.5tn mobile payment market hots up

“The dominance of the Taobao and T-Mall ecommerce platforms initially helped make Alipay the default digital wallet in China,” said Jeff Galvin, partner at McKinsey in Hong Kong. “But now, as Chinese spend more and more time in the WeChat ecosystem ... ( read original story ...)