Alfred Liu
Stories by Alfred Liu
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
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
WeWork said to be in talks to expand in Hong Kong bar zone
WeWork’s expansion in HK comes as soaring office rents have pushed some financial firms, hedge funds out of the financial district.
Chinese tycoon-backed Mason plans acquisitions for wealth unit
The company operates a brokerage and a healthcare business.
