HSBC said it may buy financial businesses and shed unprofitable units around Asia to expand its footprint for serving wealthy customers, as Hong Kong’s largest bank looks to fine-tune its …
JPMorgan Chase is set to outsource the operations of its local custody business in Hong Kong and Taiwan with Citigroup, HSBC and Standard Chartered in the race for the mandate, …
By Bloomberg Published Dec 9, 2023 The biggest ever boom in Swiss luxury watches is coming to an end. For three years, the industry enjoyed a surge of renewed interest …
By Reuters Published Nov 19, 2023 The world’s biggest luxury brands seeking growth in their second-largest market China are all courting the likes of wealthy entrepreneur Diana Wang. Shanghai-based Wang, an …
By Bloomberg Published Nov 15, 2023 Global luxury retailers counting on wealthy Chinese shoppers to raise their sales might be dismayed by recent reports pointing to a slowdown in their …
Ping An Insurance-backed financial services provider Lufax Holdings is set to acquire Hong Kong virtual lender Ping An OneConnect Bank (PAOB) from OneConnect Fintech Technology for HK$933 million (US$119.5 million). …
His son, Pelágio José da Roza, was born in Hong Kong, but later died in Shanghai; we presume he had sought commercial opportunities after the British expansion northwards. Da Roza …
AS Watson has very little record of its early years – no more than a photo of a plaque on a building – which excludes it from official history. It …
By Bloomberg Published Nov 7, 2023 The bulk of Wall Street analysts say Birkenstock Holding Plc shares are a solid fit for investors, striking a bullish tone less than a …
The HKMA has already taken on a bigger role at the international level; it is now actively involved in the Bank for International Settlements (BIS) and is working on introducing …