Amy Lo, JP’s Post

Hong Kong as an ongoing conduit for global wealth hub is a powerful signal of the shifting financial gravity towards Asia. With trillions in potential cross-border wealth flows, Hong Kong’s strategic infrastructure and access to affluent mainland Chinese clients give it a unique position to capitalise on both local and offshore wealth management opportunities. For APAC’s asset managers, this is a compelling moment to fortify partnerships and design solutions that meet the region's fast-evolving demand for diversification and legacy planning. #HongKongFinance #WealthManagement #APAC

The Hong Kong SAR Government is committed to promoting FinTech development, to enhance the competitiveness of our financial services industry and accelerate digitalisation. To support the Government’s strategy, Invest Hong Kong actively assists enterprises in the sector in setting up or expanding their business in Hong Kong. In the first eight months of this year, we gave assistance to 59 FinTech companies from 12 economies. This represented a 44% increase in the number of companies compared to the same period in 2023. Learn from King Leung, our Global Head of Financial Services, FinTech & Sustainability and Henry Chui, Partners Group Head of Private Wealth APAC and Hong Kong Office about the foreign investment of FinTech industry in Hong Kong. If you also would like to explore the FinTech landscape in Hong Kong, you may also contact King Leung for more. #FinTech #HongKong #InnovationHub

Ever wondered about Singapore’s ever evolving fintech landscape and how it manages to balance innovation with regulation, propelling the industry forward while maintaining stability?🚀💡 Get ready to challenge your assumptions as I moderate a fireside chat with Sing Chiong Leong, Deputy Managing Director of the Monetary Authority of Singapore (MAS), at the highly anticipated #SFA FinTech Forum! From macro perspectives to the nitty-gritty details, we'll be exploring the opportunities and challenges that define the future of the Fintech industry. What's more, we'll be diving deep into the transformative power of private-public collaborations, unveiling strategic insights that promise to propel the #FinTech sector into an electrifying future.🌟🔍 See you there! Singapore FinTech Association (SFA) | Shadab Taiyabi | Chye Kit Chionh | Scott Krivokopich | Adrian Chng | Bernard Chan | Matthew Lovatt | Pauline Sim | Shi Mei Chin | Tan Chun Hao | Reuben Lim | Shakeel Rashid | Swati Sodhani | Elfarina Roszaini | Kelvin Lee | Benjamin Twoon | Willie Chang | Yifei Li | Lee Lian Foo | Muzahir Degani | Edrea Tan | Jamie Yee | I. Radith Soeriadinata | Adrian Koh | Riya Aris #SFA #SFAFinTechForum #fintech #privatecapitalmarkets #alternativeassets #singapore #technology #capitalmarkets #investments

'Connecting Beyond Borders': Today Bloomberg hosted its final summit of 2024 for the Greater Bay Area Fintech Talent Initiative. Attendees included over 350 senior officials and executives from the government agencies, financial regulators and institutions, and technology companies — alongside university students based in Hong Kong. Keynote speeches were delivered by: ◾ Christopher Hui, Secretary for Financial Services and the Treasury Bureau of the HKSAR Government ◾ Eddie Yue, Chief Executive of the Hong Kong Monetary Authority Supported by more than twenty strategic and corporate partners, the GBA Fintech Talent Initiative is a collaborative effort between Bloomberg, the Hong Kong United Youth Association and the Hong Kong Monetary Authority. Now in its second year, the initiative aims to equip university student participants with an understanding of the skills, concepts and trends necessary for a career in fintech. According to a survey conducted during this year's initiative, the GBA is becoming increasingly appealing for emerging young professionals in the financial and technology sectors, with nearly four-in-five students expressing interest in pursuing a career in fintech. Read more here: https://bloom.bg/3B17tdG #careers #fintech #GreaterBayArea

'Connecting Beyond Borders': This November, Bloomberg hosted its final summit of 2024 for the Greater Bay Area Fintech Talent Initiative. Attendees included over 350 senior officials and executives from the government agencies, financial regulators and institutions, and technology companies — alongside university students based in Hong Kong. Keynote speeches were delivered by: ◾ Christopher Hui, Secretary for Financial Services and the Treasury Bureau of the HKSAR Government ◾ Eddie Yue, Chief Executive of the Hong Kong Monetary Authority Supported by more than twenty strategic and corporate partners, the GBA Fintech Talent Initiative is a collaborative effort between Bloomberg, the Hong Kong United Youth Association and the Hong Kong Monetary Authority. Now in its second year, the initiative aims to equip university student participants with an understanding of the skills, concepts and trends necessary for a career in fintech. According to a survey conducted during this year's initiative, the GBA is becoming increasingly appealing for emerging young professionals in the financial and technology sectors, with nearly four-in-five students expressing interest in pursuing a career in fintech. Read more here: https://bloom.bg/3CUSgeO #careers #fintech #GreaterBayArea

🌏 Global Nod to Hong Kong's FinTech Leadership 💼💡 Hong Kong continues to cement its status as a global financial powerhouse! In the latest Global Financial Centres Index (GFCI) report, Hong Kong has reclaimed its spot as Asia’s top financial centre.   From virtual banks to AI-driven insurance solutions, Hong Kong is shaping the future of finance. Its leadership in areas like listed companies, market capitalisation, and family offices, along with rapid FinTech growth, is transforming the financial landscape. This rise isn't just a testament to Hong Kong’s strengths but also to its unique role in connecting global markets with Mainland China.   Exciting times ahead for Hong Kong's financial ecosystem! 🚀🔗   💬 Want to dive deeper into this topic? Read my full insights in my latest column! https://shorturl.at/feqRX   #FinTech #FinancialLeadership #HongKongFinance #Innovation #GFCI #GlobalFinance

About Fintech in Hong Kong!

Money matters! Hong Kong has moved back into the top 3 global financial centres, in the latest Global Financial Centres Index (GFCI) published today (Sep 24). Hong Kong rose one place to No. 3 out of 121 financial centres around the world, and ranked first in the Asia-Pacific region, thanks to its competitiveness in various areas including "business environment", "human capital", "infrastructure" and "reputational and general", while the city's ranking in the "investment management" category moved up to first place globally. Hong Kong also jumped five places to No. 9 in the GFCI's fintech hub ranking. Find out more: https://lnkd.in/gVZ5ZePF #hongkong #brandhongkong #asiasworldcity #financialservices #GlobalFinancialCentres #GFCI #excellencehk

Equip yourself with up-to-date insights on Hong Kong’s changing wealth management landscape. In a new report from Bloomberg Intelligence, learn about Hong Kong’s edge in attracting wealth inflows. Key research topics: ◾ Richer China: Personal investable assets in mainland China could soar 83% from 2023-30 to $80 trillion. ◾ A base for capital flight: Hong Kong’s cross-border wealth may reach $2.8 trillion in 2025, overtaking Switzerland as the world’s largest cross-border wealth hub. ◾ UBS’ loss may be Hong Kong banks’ gain: HSBC and Standard Chartered may be best positioned to win share of wealth inflows after UBS cut jobs in the region as it absorbed Credit Suisse. ◾ Family-office friendly: Hong Kong’s family office assets under management (AUM) could double to $387 billion by 2030 from 2023. 📰 Download your copy here: https://bloom.bg/48zZ9y3 #WealthManagement #FamilyOffice #HongKong #PrivateWealth #InvestmentInsights

So I’m here at Singapore FinTech Festival having conversations with private banks and wealth managers from all over Asia. From Mongolia, to China, to Singapore and Vietnam. It’s a good time to look at the underlying fundamentals of the wealth industry. So this week it’s all about the numbers! 💸The Wealthy Week💸 - Issue #2 By The Numbers When I talk to nearly every private bank, they say that 80% of their business comes from the top 20% of their RMs and that most of that business is coming from about the top 30% of the clients of those top-performing RMs. So, it's highly weighted towards that. Now, if you provided a really good client management solution to your RMs, that would allow you to model and capture what your top 20% of RMs are doing for the top 30% of their clients. It would also give them the tools and time to scale that across the rest of their clients. That alone would have a huge impact on your business. But then imagine if you could get the rest of your RMs, the other 80%, just up to about two-thirds of the performance of your best RMs. It would transform your results. These numbers are crucial. Asian wealth managers are looking to double their AUM in the next five years and grow their profits by 75%. But the very best ones have a cost-to-income ratio of about 65% and I know of private banks where the cost-to-income ratio is up to 80%. So even if they double their AUM, they need far better revenue efficiency to meet their profit targets. 💸 This is where Client Lifecycle Management comes in. It's the secret to unlocking the real profit growth potential that is already available in their business right now. To secure AUM from current clients that are currently residing elsewhere. The landscape is changing so quickly. The old-fashioned way will get left behind. Let's change this industry for the better 🚀 #PrivateBanking #WealthManagement #DigitalTransformation #FinTech #WealthTech Wealth Dynamix