Search Results for:Alfred Liu

Wealth managers getting ‘crazy’ pay hikes in HK, Singapore

Competition to manage the money of Asia’s burgeoning army of millionaires has pushed pay hikes for wealth managers to the highest in more than a decade.

Private banks are starting to breach wall around China’s wealthy

The collective fortunes of China’s uber-rich grew a staggering 65 percent, or $177 billion, last year, according to the Bloomberg Billionaires Index

Credit Suisse sees Asia wealth race shift from key hubs to new cities

After Singapore and Hong Kong, the focus of wealth managers in Asia is shifting to cities such as Manila, Jakarta and Shanghai.

Newcomer among Asia’s largest private banks BOC Hong Kong on hiring spree

BOC Hong Kong, which started private banking in 2012 with just three employees, is now one of only two Chinese banks among Asia’s top 20 players in the segment.

Citigroup says it’s open to maintaining minority stake in China JV

Last year, China said it will allow global banks to take controlling stakes in local securities ventures.

Credit Suisse, Li Ka-shing-backed HK fintech WeLab said to plan $500m IPO

Other backers include Malaysian sovereign wealth fund Khazanah, Sequoia Capital, IFC and Alibaba Entrepreneurs Fund.

China fintech IPO appetite wanes after regulators voice concern

Chinese regulators are right to be concerned about the “very rapid run-up in consumer lending”.

China’s ultra-rich prompt Haitong to build Hong Kong private bank

Haitong seeks to draw more of the nation’s growing ranks of multi-millionaires to its wealth management business.

HNA faces leery banks as refinancing for Hong Kong project looms

At least 4 out of 8 banks have decided not to renew credit and don’t intend to extend fresh loans.

HK startup TNG Fintech eyes $500m valuation, seeks to close funding round

The firm has attracted almost $60 million in the series A round