Asia-Pacific is experiencing the most rapid growth of wealth in history, due to the economic expansion of China and emerging Asia.Currently in the Asia Pacific, total household wealth grew by 3%, or $3,346 billion, since mid-2017, to $114,561 billion. Furthermore, wealth in the region is expected to grow at 5.9% per year to reach $153 trillion in 2023, with the number of millionaires expected to increase by 7.6% annually to reach 15 million in 2023. The ultra-high net-worth segment in the same period is expected to grow by 8% annually, with contributing 46%.
In a conversation with Ron Shevlin, a renowned banking thought leader, we delved into how the US banks navigate regulatory challenges amid economic uncertainty and strategic shifts
Greg Palmer, head of strategy and host at Finovate conference series, analyses the developments in the US financial industry, highlighting how intense competition for deposits drives the adoption of fintech among banks, and allows digital…
The RadioFinance session on the Global Banking Industry Outlook for 2024 provided deep insights into the challenges and opportunities in the banking sector. Leading economists joined the discussion and focused on economic growth prospects,…
Emmanuel Daniel, founder, TAB Global, spoke at CIFF about Shanghai's goal of becoming a global financial hub and how many legal systems create a flexible business climate.
Bank Central Asia’s president director, Jahja Setiaatmadja, says that the key drivers of the bank’s success in the Indonesian banking industry are its digital prowess and good relationships with customers. BCA is the highest capitalised…
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