International Finance

Tag : Hong Kong

Banking

Location, location, location: Why the HSBC headquarters stayed in London

Moving to a more economically dynamic Hong Kong would subject it to China’s not-yet-ready-for-prime-time economic institutions Richard S. Grossman March 27, 2017: In February this year, HSBC, one of the world’s largest banks, decided not to move its headquarters from London to Hong Kong. The revelation that a company is staying put is usually not...
Wealth Management

Japan scores low in financial literacy

Aversion to risk poses challenge to reversing the prolonged deflation in the economy Suparna Goswami Bhattacharya November 22, 2016: Despite being among the most industrialised and developed nations in the world, Japan surprisingly scores very low on financial literacy. According to a survey by the Central Council of Financial Services Information, Japanese are averse to...