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%.
The Finance Philippines 2024: Leading Practitioner Roundtable on Technology Modernisation for Digital Banking and Lending Innovation explored the critical role of foundational technologies, financial inclusion, identity verification systems,…
On June 21, The Asian Banker held the 2024 Future of Finance China Summit in Beijing, themed "Challenges and Vision". The year 2024 is expected to be a challenging one globally due to intensified geopolitical tensions and increased trade…
At the Finance Thailand Leading Practitioner Roundtable 2024, industry leaders discuss strategies to address the high costs of regulatory compliance, technology modernisation challenges, and the importance of strategic collaborations in…
Industry leaders at The Asian Banker Finance Vietnam Leadership Roundtable 2024 discussed modernising core banking and payment systems to boost operational resilience, financial stability, and hybrid cloud adoption to address legacy system…
During this RadioFinance session, we explored asset tokenisation and the digital asset world from the perspective of the global banking industry, highlighting key trends and challenges and how it is helping evolve finance.
By continuing to browse this website, you agree to our privacy policy.