Syfe, a Singapore-based robo financial adviser and digital investment platform operator, has raised US$80 million in its Series C funding round, as the company pushes to expand its wealth management product offerings in Hong Kong. This round includes new all-equity financing worth US$53 million at a significantly higher valuation, according to the fintech start-up’s statement…
As Indian wealth continues to expand globally, high-net-worth individuals (HNIs) are seeking jurisdictions that offer long-term security, diversified investment opportunities, and family legacy solutions. The United Kingdom, long regarded as a global financial and wealth management hub and a second home for many Indian HNIs, continues to attract Indian families looking for credible and structured…
Hong Kong’s eight digital banks have vowed to expand their wealth management businesses in the coming years, after five successful years of drawing customers’ deposits gave them the confidence to venture further into a territory long dominated by bricks-and-mortar banks. All eight of the branchless lenders reported a strong increase in deposits, loans and net…
British asset manager Schroders will continue to expand in Hong Kong to tap Asia-Pacific’s fast-growing wealth-management and pension businesses, as its top boss believes market uncertainty brought on by the US-China trade war will increase demand for its services. “The tariff issues and trade challenges are going forward, but it would not affect our commitment…
“Your capital is safe” in Hong Kong, Financial Secretary Paul Chan Mo-po told wealthy families on Wednesday as he sought to reassure them that Hong Kong is a premier destination for capital investment amid the raging trade war. The so-called reciprocal tariffs imposed by the US on its trading partners underscored Hong Kong’s soundness as…
On Thursday, the MPF reported a HK$34.8 billion investment return in the first quarter, according to data from MPF Ratings, an independent research firm. The MPF’s 379 constituent funds generated an average return of 2.7 per cent in the first quarter, the best performance since a 4.1 per cent gain in the first quarter of…
Hong Kong’s “Super March” campaign has brought in 12 per cent more visitors so far this month and filled more tourist beds, the finance chief has said, noting that some overseas VIPs have observed that the city has recovered its old vibrancy and vitality. Financial Secretary Paul Chan Mo-po said in his weekly blog on…
Hong Kong’s Super March campaign brought in 12 per cent more visitors so far this month and filled more tourist beds, the finance chief has said, noting that some overseas VIPs had observed that the city had recovered its vibrancy and vitality from the old days. Financial Secretary Paul Chan Mo-po said in his weekly…
Hong Kong is channelling funds into several dozen innovative companies to further bolster the city’s appeal as a hub for technology, banking and finance compared with regional competitors like Singapore, according to Financial Secretary Paul Chan Mo-po. The Hong Kong Investment Corp (HKIC), funded by the city’s reserves, has invested in nearly 100 start-ups involved…
Hong Kong is channelling funds into several dozen innovative companies to further bolster the city’s appeal as a hub for technology, banking and finance compared with regional competitors like Singapore, according to Financial Secretary Paul Chan Mo-po. The Hong Kong Investment Corp (HKIC), funded by the city’s reserves, has invested in nearly 100 start-ups involved…