Financial technology start-ups are mushrooming in key Western cities but Hong Kong is missing out, a forum hears. Asian financial centres are warned of their failure to cultivate the groundbreaking disruptive firms.
The nation's financial system is under threat from over-leveraged cooperates and indebted local governments, a conference hears. It will be a key topic at November's plenary session.
The US firm is just 25% through its ambitious regional expansion plan and is set to announce up to four senior appointments before year-end, says Asia-Pac CEO Alan Harden.