ManpowerGroup Hong Kong’s Post

Here is the part 2 of 2024 updates. This part focuses on bank opening in Hong Kong in 2024.

1. Unsecured Funding for the companies having international transactions. Must have an year old company in Singapore @ $30k Open a bank account and use that account for all international transactions. Bank will montior the transactions for 3 months and calculate average monthly transaction value in 4th month. Bank will give unsecured loan upto 6 times of that. ROI : 5% per annum Expenses : 11+2% Modality : 2% upfront and balance on disbursement 2. Secured funding Must have an year old company in Singapore @ $30K Deposit 30% margin money in your own bank account in Singapore on which bank will put lien. Loan tenure : 1 to 7 years Expenses : 8+2% Modality : 2% upfront and balance on approval. TAT : 60 days Second option is available for NPA and NCLT clients too.

Doing business in APAC, and in Japan specifically is extremely tricky. The vetting process from the Japanese government, the extensive due diligence on company officers and management team, as well as a complex financial background check (especially if you come from the US) is daunting and frustrating. It currently takes up to a full year to get a business manager's visa and a minimum of 6 months to open a bank account. Credit cards (especially business ones) are very limited and obtaining a business loan is not only insanely difficult but very complex. One of the reasons we built Pista Enterprises is to allow companies to enter those markets without having to go through this restrictive process. Opening a company, hiring the right people and maintaining the compliance requirements from the Japanese government would discourage most. But the experience is humbling and rewarding once it's completed. Want to learn more about our services? Contact us today! https://lnkd.in/gdX9D7Ju #Pista #powersports #Japan #business

DBS Bank is expanding its private banking team in Hong Kong by over 25% this year, driven by increasing inflows from mainland China and Taiwan, according to North Asia business head Sebastian Paredes. The bank has acquired nearly 1,200 clients from mainland China this year and seen substantial flows from Taiwan over the past 12 months. DBS Bank, Singapore’s largest lender, has capitalized on the retrenchment of older international banks in Hong Kong, surpassing Credit Suisse to become the third largest private bank in Asia, excluding onshore China, with $201 billion in assets under management. The bank’s relationship managers grew by 12% to 730 in 2023, overtaking HSBC. Paredes commended Hong Kong’s efforts to boost its status as a tourism and entertainment hub but noted the city faces competition from destinations like Japan, where a cheap yen is attracting tourists. #Growth #DBS #Business #PrivateBanking #Jobs #Expansion #PrivateWealth #WealthManagement #FamilyOffices #HongKong I Bloomberg News I Chanyaporn Chanjaroen I Denise Wee

APAC lending plunges to 12-year low HONG KONG, Mar 28 (LPC) – Syndicated lending in Asia Pacific (ex-Japan) plummeted to a 12-year low in the first quarter of 2024, but with increased visibility on the direction of interest rates, a growing sense of optimism among loan bankers suggests the market will stage a recovery from the trough. Loan volumes in Asia Pacific (ex-Japan) dived 48.8% to US$83.83bn in the first three months of 2024, compared to US$163.67bn in the same period last year, while the number of deals also dropped almost by half to 262 this year from 503 transacted a year ago, according to LPC data. With uncertainty around interest rates gripping the financial markets, borrowers deferred their refinancing plans, resulting in slower origination of loans at the end of last year and reduced volumes in the first quarter of 2024. Taiwan emerged as the only major market in the region to achieve growth in lending volumes, with a remarkable 60.9% year-on-year jump to US$17.59bn in the first three months of 2024. All other major markets – Australia, China, Hong Kong, India, Japan and Singapore – registered significant declines. Lending in Japan, where end of March marks the close of the financial year, was quite subdued with a mere US$39.92bn-equivalent raised, representing a steep year-on-year fall of 48.8%, compared with the US$78.03bn transacted in the first three months of 2023. https://lnkd.in/gwyETe9t #loans #lending #syndications #debt #debtcapitalmarkets #corporatefinance #capitalmarkets #asiapacific #mergersandacquisitions #leveragedloans #leveragedfinance #leveragedbuyouts #ifr #lpc

Most firms are not customer centric even though they claim to be. My first position in Asia was at City University in Hong Kong, and I opened a bank account at an HSBC branch at the university. This was in 2002. A few years ago the bank said I needed to sign new forms since there were changes to the way they operated. Next trip to Hong Kong I went to the branch. After filling out and signing the forms the bank said there was a problem. My signature was not the same as the one I signed when I opened the account 15 years prior. My signature, like everything, changes I told them. Even though they had my passport and other photo IDs they were adamant. Branch manager got involved. We know it’s you, but we need the signatures to match otherwise we could get in trouble the guy said. I told them to show me the old signature. They refused. They had me try many times, then gave up and said they needed to close my account, which they did. Lesson: Most employees don’t help customers because they’re afraid they MIGHT get into trouble. Customer centric? #customercentric #banking #services #employees #management #bureaucracy #redtape #administration

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APAC lending surges to record high HONG KONG, Dec 29 (LPC) – Syndicated lending in Asia Pacific (ex-Japan) jumped to a historic high in 2023 despite weakened demand for capital and subdued M&A flows against a backdrop of rising rates, geopolitical tensions and a lacklustre economic recovery in China. Loan volumes in Asia Pacific (ex-Japan) rose 3.2% year-on-year to US$582.60bn in 2023, eclipsing 2022’s record high of US$564.71bn, with dealflow climbing to 1,615 compared with 1,492 a year earlier, according to LPC data. Lending activity in the last quarter surged 13.7% year-on-year to US$125.31bn, even as borrowers grappled with an uncertain economic environment arising from monetary policy tightening – mainly in the West – that led to higher costs of borrowing and distress in China’s real estate sector that has seen some bellwether credits struggling for survival. China, India and Indonesia were among the major loan markets in Asia to record significant growth in 2023, while Australia and Hong Kong posted the biggest declines, plunging 32.7% and 20.7%, respectively to US$73.07bn and US$100.55bn in 2023. China remained the largest market in the region despite an unsettling real estate crisis, recording a 30.6% jump in loan volumes to US$203.49bn. Renminbi-denominated loans dominated the activity as monetary easing policies in the country led to cheaper costs of borrowing in local currency compared with its foreign counterparts. https://lnkd.in/gWpEpWPX #lending #syndications #loans #asiapacific #capitalmarkets #mergersandacquisitions #leveragedfinance #leveragedloans #leveragedbuyouts #buyouts #privatecredit #directlending #chinaeconomy #indianeconomy #debt #debtcapitalmarkets #corporatefinance #interestrates #esg #sustainability #sustainablefinance #ifr #lpc

#hiring *Head of Frankfurt Branch (m/w/d)*, Salzburg, *Austria*, fulltime #jobs #jobseekers #careers #Salzburgjobs #Salzburgjobs *Apply*: https://lnkd.in/gsQ2gZyY Our vision: We will become the most agile and nimble infrastructure bank in Europe. We help creating a better world by enabling sustainable infrastructure that improves the quality of people's live. Always first: We are always first when it comes to delivering outstanding results with speed and precision. We never stand still. We take "always first" as an obligation to get better every day. In this entrepreneurial growth environment, Kommunalkredit is looking to expand its Banking Team in Frankfurt. It offers ample space for creativity, self-initiative and personal development. Lead a Team of Top International Professionals, as Head of Frankfurt Branch (m/w/d) Join our dynamic and innovative team as the Head of Frankfurt Branch! We are a financial institution committed to excellence in advisory and debt financings across various products and sectors in the EMEA region. Your position would focus on infrastructure & energy projects, communication & digitalisation as well as transport. We help to create a better world by enabling the development of sustainable infrastructure that improves the quality of people's lives. We are ALWAYS FIRST when it comes to delivering outstanding results with speed and precision. Aufgaben As the Head of Frankfurt Branch, you will be at the forefront of our Team in Frankfurt, leading a group of top international professionals. Your tasks include: Manage and inspire a team of experts to deliver exceptional results Actively engage in client dialogue and collaborate with origination and coverage teams for successful transaction execution Conduct in-depth market research and analyze business models to inform strategic decisions Oversee the due diligence process with precision and attention to detail Prepare and present comprehensive credit committee papers Review and negotiate legal documentation to ensure compliance and mitigate risks Review and supervise financial analysis and modeling to support decision-making Profil To thrive in this role, you should possess the following qualifications: 10-20 years of experience in infrastructure and energy teams from leading financial institutions, equity/debt funds, or advisory firms with a strong focus on debt and mezzanine financings Proven experience in leading a team of experts Exposure to development financings and/or advisory would be a plus Strong commercial acumen with the ability to manage the deal from sourcing to successful closing Superior analytical aptitude, creative problem-solving abilities Drive and determination to succeed in a competitive environment Excellent communication and client facing skills Fluent in both German and English Wir bieten We will offer a competitive remuneration package plus variable compensation, as well as numer