

HSBC appoints Georges Elhedery as new CEO from September
HSBC announced the appointment of Georges Elhedery as the new group CEO effective September 2, succeeding Noel Quinn, who will depart...
Jul 19, 2024


Hong Kong investors bullish on AI and local market investments
According to a survey by the Hong Kong Investment Funds Association, 65% of Hong Kong investors are interested in AI-related investments,...
Jul 19, 2024


Family offices launch USD100m fund for Hong Kong residency applicants
Hong Kong’s cash-for-residency scheme has spurred local family office operators to collaborate on launching a USD100 million fund...
Jul 19, 2024


ADB holds growth forecasts for Southeast Asia steady
The Asian Development Bank (ADB) maintained its 2024 and 2025 growth projections for Southeast Asia, citing a “solid improvement” in...
Jul 18, 2024


South Korea crypto exchanges boost regulations ahead of new law
South Korean cryptocurrency exchange operators are tightening regulations ahead of the Virtual Asset User Protection Law, effective this...
Jul 18, 2024


New initiatives boost opportunities for accountants in Hong Kong
Government programmes like the Capital Investment Entrant Scheme (CIES) are opening opportunities for accountants to mitigate the...
Jul 18, 2024


Singapore challenges London as top hub for family offices
Singapore is positioning itself as a strong rival to London as a hub for family offices, according to a report by KPMG and Agreus. The...
Jul 18, 2024


Shinhan Bank CEO urges stronger controls for global growth
Shinhan Bank CEO Jung Sang-hyuk emphasised the importance of customer trust and rigorous internal controls for global expansion during...
Jul 17, 2024


Taiwan’s economy set for growth, driven by AI and tech exports
DBS Bank has upgraded Taiwan’s GDP growth forecast for this year to 4.2%, up from 3.5%, driven by robust demand for AI technology and...
Jul 17, 2024


Vietnam allows banks to continue selling investment-linked insurance
Commercial banks in Vietnam will continue to sell investment-linked insurance products through the bancassurance channel, following a...
Jul 17, 2024


Malaysia shines in APAC M&A with 87% surge
In a challenging year for Asia-Pacific dealmaking, Malaysia stands out with an 87% increase in mergers and acquisitions, totaling...
Jul 17, 2024


Malaysia’s recent digital banks struggle with technical setbacks
The last two digital banks in Malaysia developed by consortia led by Sea Ltd with YTL Digital Capital, and KAF Investment Bank with...
Jul 16, 2024


Raffles Family Office names new group COO
Raffles Family Office has appointed Terence Chow as its new Group COO, effective July 2. Chow, based in Hong Kong, will oversee the...
Jul 16, 2024


China’s Q2 economic growth falls short at 4.7%
China’s economy grew by just 4.7% in the second quarter of 2024, falling short of the expected 5.1% and slowing from the previous...
Jul 16, 2024


Hong Kong’s private banking sector sees surge in HNWI inflows
Hong Kong’s private banking sector is seeing a resurgence of optimism, driven by a significant inflow of high net worth individuals...
Jul 16, 2024


Indonesia tops Asia investment preferences, poll finds
Foreign equity fund managers in Asia are maintaining their investments focused on domestic demand-driven recoveries, during market...
Jul 15, 2024


Taiwan to lead global surge in millionaires by 2028, UBS reports
According to a recent UBS report, Taiwan is projected to see a 47% increase in millionaires by 2028, the highest growth rate globally,...
Jul 15, 2024


Cooperation urged between Singapore and Hong Kong in family offices
Experts from The Hong Kong University of Science and Technology highlight that viewing Singapore and Hong Kong as rivals in attracting...
Jul 15, 2024


Hong Kong tycoon Adrian Cheng to list venture fund on Swiss exchange
Hong Kong property mogul Adrian Cheng is taking his venture fund, C Capital, public by merging it with Swiss-listed Youngtimers AG, to be...
Jul 15, 2024


Philippines central bank conducts 11 anti-counterfeiting operations in 2023
In 2023, the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, ramped up its anti-counterfeiting measures,...
Jul 12, 2024







