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Asia Pacific

HSBC sees growth in loans to ultra-rich with art, jets, other illiquid assets as collateral amid high interest rates

by Anas Siddiqui
HSBC sees growth in loans to ultra-rich with art, jets, other illiquid assets as collateral amid high interest rates

HSBC, the largest bank in Hong Kong and Europe, is seeing more business from ultra-rich clients who are eager to borrow against their “illiquid or concentrated” assets amid interest-rate uncertainty. …

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Huawei’s Meng Wanzhou eyes digitalisation, AI to regain ground in Asia-Pacific

by Anas Siddiqui
Huawei’s Meng Wanzhou eyes digitalisation, AI to regain ground in Asia-Pacific

Chinese telecommunications gear maker Huawei Technologies is eyeing opportunities in digital and artificial intelligence (AI) in Asia-Pacific, according to its deputy chairwoman Meng Wanzhou, as the company looks to regain …

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State Street says Asia-Pacific institutional investors keen on private assets even as inflation, elevated borrowing costs subdue appetite

by Anas Siddiqui
State Street says Asia-Pacific institutional investors keen on private assets even as inflation, elevated borrowing costs subdue appetite

High inflation and elevated borrowing costs are dampening the attractiveness of leveraged private-market investments, but institutional investors across Asia-Pacific are still determined to increase their allocations in private assets, especially …

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Austin, Texas-based start-up Episode Six is banking on Hong Kong demand for virtual payments, SME lending

by Anas Siddiqui
Austin, Texas-based start-up Episode Six is banking on Hong Kong demand for virtual payments, SME lending

Episode Six, or E6, an Austin, Texas-headquartered global provider of payment processing and digital ledger infrastructure for banks and financial institutions, will expand its footprint in Hong Kong this year …

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Hong Kong’s small businesses more confident of growth than their mainland China, Singapore peers, survey shows

by Anas Siddiqui
Hong Kong’s small businesses more confident of growth than their mainland China, Singapore peers, survey shows

Some 69 per cent of SMEs in Hong Kong see themselves growing in 2024, according to the Asia-Pacific (APAC) Small Business Survey 2023-24 carried out by accounting body CPA Australia, …

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Telegram’s blockchain teams with HashKey in Asia for off-ramp services to exchange Toncoin cryptocurrency for cash

by Walter Watson
Telegram’s blockchain teams with HashKey in Asia for off-ramp services to exchange Toncoin cryptocurrency for cash

HashKey Group, operator of one of only two licensed cryptocurrency exchanges in Hong Kong, is teaming up with the operator of the blockchain created by Telegram Messenger to give users …

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China’s young ultra-rich seen reshaping wealth management, art collection and luxury spending: HSBC summit speakers

by Anas Siddiqui
China’s young ultra-rich seen reshaping wealth management, art collection and luxury spending: HSBC summit speakers

China’s young, tech-savvy, ultra-rich cohort is shaping the wealth management and luxury spending industries, including art collecting, according to experts at a conference in Hong Kong. “The asset management landscape …

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Southeast Asia still doesn’t ‘know India’, survey shows, as New Delhi urged to boost engagement with region

by Walter Watson
Southeast Asia still doesn’t ‘know India’, survey shows, as New Delhi urged to boost engagement with region

Only 0.4 per cent of respondents saw India as the most political and strategic influence in Southeast Asia, while only 0.6 per cent were confident of Delhi’s leadership in maintaining …

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HSBC to host next investment summit in early 2025 after resounding success of ‘Hong Kong is back’ pitch

by Anas Siddiqui
HSBC to host next investment summit in early 2025 after resounding success of ‘Hong Kong is back’ pitch

HSBC plans to host another global investment summit within the first four months of 2025 in the city, after this year’s sell-out inaugural conference drew 3,500 attendees, an overwhelming success …

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Opinion | From stigma to ignorance, why Asians don’t get the healthcare they need

by Walter Watson
Opinion | From stigma to ignorance, why Asians don’t get the healthcare they need

Healthcare in the Asia-Pacific is facing its biggest challenge – relentless demand. According to a recent World Health Organization report, the problem of unmet need manifests in two ways: there …

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