Last month’s devaluation of the yuan by the People’s Bank of China has left a ripple effect across the globe, with markets convulsing in reaction to the currency’s weakening. Against the US dollar, the yuan lost more than three percent in August, marking its sharpest decline in two decades. Pundits have vastly differing opinions on […]Read more "Sept 2015 EDITORIAL: Contextualizing the Devalued Yuan"
FinTech has become the topic du jour of both the financial and technology worlds, threatening to bring changes to traditional banking. As a long-standing financial center, how will this affect Hong Kong? Leon Lee takes a deep look at the industry in the city right now and its potential impact By Leon Lee In the last […]Read more "Sept 2015 COVER STORY: FinTech & Hong Kong: A Good Match?"
Amid deepening concerns about China’s woes, top business leaders, China policy watchers, and other experts gathered on September 1st at AmCham’s annual China Conference themed Managing the “New Normal” – to exchange ideas and strategies about how best to navigate through these new realities. Many industry experts remain optimistic about the Mainland’s growth potential and […]Read more "ADAPTING TO CHINA’S REALITY CHECK"
By Nan-Hie In As China moves towards a consumer-driven economy, the services sector has attracted much attention as the economic driver of the nation’s future. Amid this shift, will there be expanding roles for foreign service providers in China? Stephen Lackey, chairman of Asia Pacific, BNY Mellon, says there are two realities international firms are facing. […]Read more "IN CHINA, A SURGE IN SERVICES IS A NEW NORMAL"
By Blessing Waung In McKinsey Asia Chairman Gordon Orr’s keynote speech, he boldly announced that technology would be the “key game changer” in the near term for Chinese companies, in order to maximize efficiency and to provide functional excellence for companies to succeed at their current breakneck pace. Before he took the stage, key opinion leaders […]Read more "INNOVATING NEW BUSINESS MODELS IN CHINESE MARKETS"
For the third year, Heidrick & Struggles surveyed over 100 multinational executives with responsibility over China operations to learn how the evolving market is performing, and how it impacts business By Seth Peterson In the early 1980s, Professor Kalok Chan was a bright-eyed undergraduate studying economics at the Chinese University of Hong Kong (CUHK), looking forward […]Read more "The Outlook for Multinationals in China’s “New Normal”"
By Leon Lee As the Chinese economy continues to grow and evolve, there are plenty of business opportunities for both local and foreign companies. One way for foreign companies to enter the Chinese market is through setting up a wholly foreign-owned enterprise (WFOE). First established in 1986, a WFOE is a limited liability company that can […]Read more "Understanding WFOEs in China"