Hong Kong affluent population

Chart of the Week: Hong Kong’s wealth market to grow 7.8% in 2021

Chart of the Week: Hong Kong’s wealth market to grow 7.8% in 2021

The number of HNWIs is expected to reach 3.9 million in 2021 or 60.6% of the population.
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1. HSBC unveils invitation-only Privé World Legend Mastercard 2. OCBC to acquire $6.6b HSBC Indonesia wealth, retail banking business 3. Standard Chartered sets up AI lab to test banking use cases 4. Citi hires StanChart veteran to lead Hong Kong corporate banking 5. DeeMoney CEO says trust will beat acquisition

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DeeMoney CEO says trust will beat acquisition
DeeMoney CEO says trust will beat acquisition
CEO Phlaphongphanich said the industry is measuring the wrong things.
Thai financial institutions put price on bad strategy
Thai financial institutions put price on bad strategy
Banks must address fraud and usability gaps to unlock AI trust
Banks must address fraud and usability gaps to unlock AI trust
Southeast Asian banks lose funding efficiency as pricing remains fragmented
Southeast Asian banks lose funding efficiency as pricing remains fragmented

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Fragmented rules and AI push banks to overhaul controls

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Wealth managers shift toward portfolio advice

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Philippine agriculture needs productivity-led reforms

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Buy now, worry later: The hidden cost of BNPL