Morgan Stanley aims to boost its wealth management staff strength in Asia
The US investment banking giant declared that it touched a milestone in profit last year, owing to its wealth business that contributes to over 50 percent of its earnings....
Tag : Hong Kong
Political turmoil takes its toll on Hong Kong’s life insurance sector
Last November, the tourist footfalls from the Chinese mainland fell by 60 percent year-on-year....
Singapore introduces new policy to entice more global investors
The policy will be unveiled as a segment of the Variable Capital Companies Act...
Virtual banks in Singapore and Hong Kong: Who has the edge?
Hong Kong and Singapore are licencing virtual banks to serve the underserved and unhappily served – with different approaches...
Alibaba-backed WeLab secures $156 mn funding to invest in R&D
The fintech startup has received the funding from Alibaba Hong Kong Entrepreneurs Fund and China Construction Bank...
Hong Kong to see sharp fall in commercial property rent in 2020
Rents in busy commercial areas will fall by 15% next year, the biggest drop since 2013...
Foreign resident deposits in Singapore banks hit S$49.76 bn
The deposits has been increasing every month since April...
Hong Kong Airlines capital runs low, may lose licence
Authorities ask the carrier to raise more cash or risk losing its business...
Alibaba’s Ant Financial to raise $1 bn to invest in SE Asia
The fund will invest in payments and fintech startups in Southeast Asia and India...
Alibaba to raise around $12.9 bn in Hong Kong
Alibaba will issue 500 million shares and will price them at a 2.8% discount to their last closing price in New York...