A Voyage Into History With The Richard Mille Cup

Back once again with an exquisite fleet of iconic, pre-war yachts, the Richard Mille Cup ran from June 2 to 15, 2024 with a series of coastal and offshore races held along the English Channel. More than a regatta, this extraordinary event was a tribute to naval history and a celebration of tradition—the artistry and heritage of pre-war yacht racing.

These historic vessels, fully restored to their original splendor, allowed participants to enter a floating time capsule and peer into the pinnacle of naval craftsmanship of a bygone era. The Richard Mille Cup was, quite simply, a voyage through time. The yachts in the regatta were built from the end of the 19th century right up to the late 1930s and competed on the pre-war era racing circuits for which they were purpose-built.

This year’s event saw a total of 12 historic sailing vessels competing, including iconic boats such as Mariquita (1911), Moonbeam III (1903) and Moonbeam IV (1920). Also in the competition was Thalia (1889). At 135 years old, Thalia was not merely the oldest vessel in the Richard Mille Cup; she was also one of the oldest active yachts in British waters.

The racing began in Falmouth at the Royal Cornwall Yacht Club, moved to Dartmouth at the Royal Dart Yacht Club, then to Cowes at the Royal Yacht Squadron, and concluded in Le Havre at the Société des Régates du Havre.

Relive the Golden Age of Yachting
During the Richard Mille Cup, spectators feasted their eyes on some of the most gorgeous sailing yachts ever built—all maintained and crewed in the classic tradition. Sailing crews battled for top honors exactly like they did over a century ago. In doing so, they paid homage to the sailing and engineering traditions of the past while undoubtedly inspiring a new generation of fans and enthusiasts.



“This is the ideal environment to admire the magnificence and beauty of these classic yachts from the pre-war era, and the involvement of the yacht clubs allows owners and admirers alike to come together in the true spirit of the event,” says Richard Mille.

The sight of 12 classic yachts at full sail was a glorious thing to behold but the Richard Mille Cup was still a race. Participating sailors had their eyes firmly set on the prize—the meter-high Richard Mille Cup. This stunningly intricate sterling silver trophy was designed by Garrard, jewelers to the British royal family for the last 300 years. Garrard has a rich heritage in producing iconic sporting trophies, having been responsible for the design of horseracing’s Ascot Gold Cup, golf’s British Masters Trophy and of course, the America’s Cup, the latter designed more than 170 years ago.

The Enduring Legacy of Sailing and Horology
Building on the success of the inaugural Richard Mille Cup in 2023, this year’s edition continued to be the highpoint for sailing enthusiasts and aficionados of historic yachts. In celebrating the enduring legacy of this magnificent craft, the event highlighted the timeless connection between engineering and sailing.



Steadfast in its focus on driving cutting-edge technology, materials and design, Richard Mille recognizes and values the pivotal innovations and achievements of designers and engineers of years gone by. This is evident in the company’s longstanding links to motoring heritage events such as the iconic Le Mans Classic for vintage automobiles, which Richard Mille has supported for over two decades.

It should therefore come as no surprise to discover the strong links existing between classic racing yachts and Richard Mille’s philosophy of watchmaking. Every single detail on the yacht, much like every component in a Richard Mille timepiece, is built for purpose, constructed of the finest materials, and completely devoid of the superfluous.

In commemoration of this bond, the Richard Mille Cup was created to celebrate the beauty, exceptional design and impeccable craftsmanship of these impressive sailing vessels. Already an eagerly anticipated fixture on the global yachting calendar, the Richard Mille Cup has become an established platform for sailing enthusiasts with a passion for these beautiful boats, and a longing to see these yachts and sailors in their element.


More information about the Richard Mille Cup can be found at
www.richardmillecup.com

Satisfying A Growing Demand For Cross-Border Services By Asia’s Wealthy

Wealthy Asian investors are increasingly seeking to diversify their portfolios and capture new sources of returns in a more effective and efficient manner. Many of the region’s high net worth (HNW) and ultra-high net worth (UHNW) individuals are turning to Standard Chartered’s Private Bank as they look to preserve and grow their fortunes, against a backdrop of persistent global uncertainties.

In 2023, Standard Chartered commissioned a Global International Banking Report, in collaboration with RFI Global. This report shows a growing demand across Asia and the Middle East for cross-border products and solutions. On average, one in five HNW and UHNW individuals desire bespoke cross-border solutions that cater to their specific needs. In addition to HNW and UHNW clients, the trend is expanding to affluent clients. Standard Chartered is uniquely positioned to serve these client segments across its International, Priority and Private Bank businesses. Another key differentiator is its network and one-bank proposition together with the Corporate and Investment Banking division.

Furthermore, the survey highlighted that 70% of HNW and UHNW individuals transfer funds internationally. One principal reason for these payments is to engage in overseas investments. This is where Standard Chartered’s Private Bank excels in serving these clients with unique, complex and evolving needs.

Foo Tian Ong
Regional Head, Southeast Asia, and Singapore Location Head, Private Banking at Standard Chartered

“Our extensive international network and deep understanding of the Asian market uniquely position us to cater to the sophisticated requirements of HNWIs. We offer a seamless, crossborder banking experience that few can match.”

Global Presence, Local Expertise
Standard Chartered Private Banking is present in 30 markets with over 160 years of experience across Asia, Africa and the Middle East. As part of an international banking group with an expansive network, Standard Chartered Private Bank is well positioned to meet the objectives of Asia’s wealthy individuals and families. For its private banking clients, the bank offers international wealth management services through its wealth hubs in Singapore, Hong Kong, Dubai and London.

“Our extensive international network and deep understanding of the Asian market uniquely position us to cater to the sophisticated requirements of HNWIs. We offer a seamless, cross-border banking experience that few can match,” says Foo Tian Ong, Regional Head, Southeast Asia, and Singapore Location Head, Private Banking at Standard Chartered.

This global footprint ensures that clients have access to local expertise and on-the-ground support, wherever they are. This is particularly pertinent in Asia, where clients are increasingly looking to take advantage of strong bilateral cross-border banking relationships that exist between markets such as China-Hong Kong, India-U.A.E., and Singapore-Malaysia.

For instance, Hong Kong is the world’s largest offshore renminbi (RMB) hub, processing about 75% of the global off shore RMB transactions. Given Standard Chartered’s large and longstanding presence in Hong Kong, the bank is well positioned to help clients capture opportunities in mainland China. Another noteworthy example is Dubai, where the bank provides an extensive range of solutions for both local and expatriate clients.

A Suite of Services to Meet Diverse Needs
Standard Chartered Private Bank’s ability to leverage its global network and banking services across its wealth hubs enables it to offer a unified cross-border experience to its clients.

“This encompasses solutions ranging f rom international mortgages, multi-currency accounts, and global investment opportunities to wealth planning and legacy advisory, as well as corporate and investment banking solutions that are designed to meet the diverse family and business needs of today’s UHNW clients,” Foo says.

As online banking emerges as the preferred channel for trading activities among Asian HNW and UHNW clients, Standard Chartered’s digital capabilities serve to enrich the client experience. The bank’s innovative online platforms provide clients with the flexibility and convenience to manage their wealth from anywhere in the world.

Solutions Designed for Global Indians
Standard Chartered Private Bank has proven to be adept at meeting the needs of its different client segments. This includes affluent individuals among India’s vast global diaspora, estimated to be one of the world’s largest and most successful. Through its advisory centers in Singapore, Dubai, London and Hong Kong, Standard Chartered offers localized expertise while maintaining a global perspective for non-resident Indians to manage their wealth efficiently.

“Our deep under standing of the Indian market, stemming from our local presence of over 160 years, combined with our international reach and financial expertise in leading financial hubs across our footprint, uniquely positions us to serve the needs of global Indians,” says Vinay Gandhi, Global Head of South Asian Community and Regional Head, Europe, Middle East and Africa, Private Banking at Standard Chartered.

Vinay Gandhi
Global Head of South Asian Community and Regional Head, Europe, Middle East and Africa, Private Banking at Standard Chartered

“Our deep understanding of the Indian market, stemming from our local presence of over 160 years, combined with our international reach and financial expertise in leading financial hubs across our footprint, uniquely positions us to serve the needs of global Indians.”

“We can present a wide variety of investment solutions to non-resident Indian clients who are looking to diversify globally. At the same time, we are able to offer cross-border financing services, such as international mortgages for their properties in the U.K., to help them achieve their financial objectives with ease and confidence,” he says.

As HNWIs continue to seek diversified and international investment opportunities, Standard Chartered is well-equipped to meet these needs, reinforcing its position as a leading international wealth manager in Asia.


www.sc.com/en/wealth-retail-banking/ private-banking/

Global Banking Solutions For Asia’s Wealthy

The wealth management landscape in Asia has witnessed significant changes in recent years, driven by the changing needs and expectations of high net worth (HNW) and ultra-high net worth (UHNW) clients. Asia’s affluent population is not only increasing in number but also in financial sophistication. They expect tailored wealth solutions that align with their lifestyles, values and global networks.

Raymond Ang
Global Head, Private Bank and Affluent Clients and Head, Wealth and Retail Banking, Greater China and North Asia, Standard Chartered.

In particular, the region’s wealthy are increasingly demanding more complex, cross-border financial services delivered through digital platforms and guided by expert advice from experienced wealth managers. There is also heightened awareness of sustainable investing, with a growing number of clients in Asia seeking to impact the world positively through their investment choices.

To address these changing needs, Standard Chartered Private Bank is leveraging its international network and deep-rooted expertise as a universal bank to offer a blend of personalized wealth management services, cutting-edge digital capabilities, and a strong commitment to sustainable and responsible banking. This positions Standard Chartered as a trusted and reliable partner for affluent individuals looking to achieve their financial and personal goals.

“Whether they’re looking for legacy planning structures or advice on an M&A deal, our holistic solutions and one-bank approach allow us to address the personal and business needs of our clients comprehensively.”

Universal Banking for a Global Audience

As part of a universal bank, Standard Chartered Private Bank is able to provide a seamless banking experience that covers everything from basic banking and investments to bespoke solutions for clients’ individual and business needs. For instance, the bank’s ability to tap on its corporate banking strengths enhances its appeal among the region’s many business owners who require multifaceted financial services.

Beyond corporate solutions, the bank effectively serves the needs of its UHNW clients via its capabilities around external asset management, wealth and family advisory, as well as structured lending solutions.

“Whether they’re looking for legacy planning structures or advice on an M&A deal, our holistic solutions and one-bank approach allow us to address the personal and business needs of our clients comprehensively,” says Raymond Ang, Global Head, Private Bank and Affluent Clients and Head, Wealth and Retail Banking, Greater China and North Asia, Standard Chartered.

“We had a private banking client who is the founder of a Hong Kong-listed industrial manufacturing company in mainland China. We introduced the client to our debt capital management and bond syndicate teams, and successfully helped the client with a high-profile bond mandate,” he adds.

Standard Chartered’s international presence in over 30 markets allows it to manage the cross-border financial needs of its wealthy clients. This global reach supports clients who require complex, international financial solutions that encompass not just personal banking but also educational, family and business-related financial needs.

For instance, the ability to manage the fortunes of families whose members span multiple countries is one of the bank’s noted strengths. Such capabilities are critical as Asia’s affluent population becomes increasingly global, requiring sophisticated strategies for international investments, wealth transfer and legacy planning.


Securing Financial Legacies

As HNW and UHNW individuals and families globally amass significant wealth, they are increasingly focused on securing their financial future through succession and estate planning. This is especially true in Asia, where family-owned firms make up around 80% of all businesses. These enterprises are often transitioning wealth and responsibility from one generation to the next for the first time, highlighting the urgent need for comprehensive legacy planning solutions.


Thoughtful legacy planning allows affluent individuals to shape legacies that not only safeguard their wealth, but also incorporate their values and aspirations. It also helps to minimize family conflicts and ensure that the distribution of assets meets the expectations and needs of successors.

However, succession planning encompasses complex challenges as families prepare for a generational shift in leadership. According to the Campden Wealth Asia-Pacific Family Office Report 2023, some 58% of family offices surveyed believed that next-generation family members were not yet ready to assume leadership roles. Furthermore, the matriarch or patriarch of a family business may be reluctant to step down, a sentiment more pronounced in Asia-Pacific than in Europe or North America, according to the report.

Faced with such challenges, the succession planning process must include a detailed approach to managing diverse and complex asset portfolios, taking into account legal and tax implications, as well as family dynamics and global uncertainties. However, many succession plans in Asia remain informal or incomplete. According to Campden Wealth, less than half of families in the region have some form of succession planning, and a significant majority of these plans have yet to be formalized.

With its global team of wealth planning experts across four wealth hubs in Hong Kong, Singapore, Dubai and London, Standard Chartered can help families develop strategies—encompassing wills, trusts, family governance structures and life insurance solutions—that are tailored to their specific needs.

Investing in Capabilities for the Future
To better serve its clients, Standard Chartered invests in the capabilities of its relationship managers through initiatives such as the SC-INSEAD Wealth Academy to upskill its relationship teams with the objective of providing timely, personalized and high-quality advice to clients. In particular, the program seeks to deepen capabilities in areas such as wealth advisory and client engagement.

As uncertainty continues to persist on the global stage, wealthy clients in Asia and beyond are seeking advice and guidance from trusted partners such as Standard Chartered to help them navigate the challenges ahead and safeguard their financial futures.


www.sc.com/en/wealth-retail-banking/private-banking/

Setting Its Sights On Further Growth

Jonathan Quek, Managing Director of BreadTalk Group

As a child, Jonathan Quek and his siblings spent their weekends trailing their parents on site visits to various outlets of the F&B business they had founded. In 2000, George Quek and Katherine Lee started that enterprise, BreadTalk, with just one outlet in Singapore selling signature items such as their now-famous “Flosss” buns.

BreadTalk has since grown into a leading F&B group that is home to a stable of well-known brands, with around 660 outlets across 14 international markets in Asia, the Middle East and the U.K. The company directly owns brands such as BreadTalk, Toast Box and Food Republic, and the franchise rights for partner brands like Taiwanese restaurant chain Din Tai Fung in Singapore, Thailand and the U.K.

The Quek family holds a 74.9% stake in the BreadTalk Group through their investment firm, while Thai multinational Minor International owns the remaining 25.1%.

Quek’s early exposure to the family business laid the groundwork for his understanding of the industry’s dynamics. From his parents, he learnt the importance of paying attention to detail, engaging deeply with customers and being a hands-on manager.

After completing his higher education in London, Quek returned to Singapore amid the Covid-19 pandemic to join BreadTalk Group. “We saw that our parents were busy fighting the crisis, so it was natural for my siblings and me to come aboard to help out in any way we could,” says Quek, who is now 29 years old.

Despite being the bosses’ son, there was no corner office waiting for Quek when he started in 2020. Rather, his first job was at a suburban BreadTalk outlet where he handled everything from cashiering to serving customers. This on-the-ground experience was critical in helping him understand the day-to-day challenges of running the business.

Over the next two years, he rose up the company’s ranks to manage eight, then 40 stores. By 2023, he was promoted to Managing Director, overseeing the bakery division and its 160 outlets across Singapore and Thailand. Quek’s older sister, Joselle, heads the group’s R&D efforts, while his younger brother, Matthew, runs the restaurant division.

Quek’s management style during the pandemic highlighted his capacity to lead with compassion, as he focused on alleviating staff burdens and enhancing their job security and workplace conditions. He is also known for being approachable and responsive, qualities that have fostered a strong, collaborative environment in the teams he leads.

Emerging Stronger from Crisis

To deal with the fallout from the pandemic, the BreadTalk Group revitalized its product lineup by introducing items tailored to changing consumer preferences. The group also streamlined its operations by employing new technology to reduce costs and improve efficiency.

BreadTalk redesigned its store layouts at major shopping malls, including Westgate, NEX, Raffles City and Plaza Singapura, to enhance the customer experience, making them more modern and inviting to a younger audience.

Learning from its pandemic experience, the company also sought to reduce its reliance on the retail channel by introducing consumer products that are based on the group’s signature items such as kaya, coffee and cookies from its various brands. The products are sold at supermarkets or through e-commerce platforms.

These strategic adjustments, combined with a focused expansion in both existing and new markets while maintaining high standards of quality and consistency, propelled BreadTalk Group to register close to S$600 million (US$446 million) in revenue in 2023.

Looking ahead, the group has set its sights on an even more ambitious target of hitting S$1 billion (US$738 million) in revenue by 2029. “We are still mindful when it comes to expansion. We want to maintain that financial prudence, and be more selective in how we expand,” Quek says.

Food Republic, Din Tai Fung and Toast Box are among the brands under the BreadTalk Group.

Betting Big on Innovation

A big part of the BreadTalk Group’s success in recent years has boiled down to its pursuit of innovation across its operations. The group’s R&D efforts have introduced fusion products like the “Crookie,” a blend of a croissant and a cookie, capturing the fancy of Gen Z and millennial consumers. The R&D team continuously scouts for viral trends and popular flavors that resonate with a global audience and integrate these insights into their product
development process.

BreadTalk has also embraced technology to ramp up its productivity in the face of rising costs and a tight labor market. For instance, the group introduced new equipment at one of its production departments to increase its capacity. This centralized department now supplies to all BreadTalk outlets, improving quality and product consistency across all its stores, while reducing the brand’s reliance on manpower.

Catering to Local Tastes

To expand globally, BreadTalk Group employs a strategy that combines direct ownership and franchising to ensure that its core offerings remain consistent across all markets, while also adapting to local tastes. Singapore currently contributes the majority of the group’s revenue, with Greater China the next largest contributor.

Around 80% of the products offered in the group’s overseas markets are made up of its signature items, while the remaining 20% are dedicated to variations designed for local preferences. For instance, one of BreadTalk’s bestsellers in Thailand is a yam coconut bun, which combines fragrant Thai ingredients. Meanwhile, at Taiwanese eatery Din Tai Fung’s outlet in London, British beef is used in its signature dumplings. The U.K. restaurant also features a bar, which has proven to be popular among local patrons; alcoholic beverages now account for a significant proportion of its sales.

“We try to find ways to incorporate local ingredients into our products to cater to local tastes and celebrate the culture,” says Quek.

Expanding its Global Footprint

The BreadTalk Group continues to seek global expansion, with an eye on new markets such as North America and Australia, as well as accelerating growth in India. In its established markets, the group plans to add four to five Din Tai Fung restaurants in London, supplementing the existing three. The group also sees the potential for significant growth in Thailand and China.

To fund its expansion, BreadTalk may return to the equity markets via an initial public offering in the future. The company had initially listed on the Singapore Exchange in 2003, before privatizing in 2020.

The potential listing would provide the company with the financial resources it requires to accelerate its entry into new markets, fund innovation in product development and enhance the customer experience.

Says Quek: “We want to keep the momentum going, and raising capital from the markets is one way to help us expand quickly. Having different investors who have different experiences and backgrounds will also be helpful.”

www.breadtalk.com

Powering The Growth Of Global Commerce And Travel

Singapore’s Yue Hwa department store welcomes Alipay+ transactions.

With the rapid revival of global commerce and tourism in the past two years, crossborder digital payments solutions are playing an increasingly pivotal role in shaping how consumers pay for their purchases abroad. Against this backdrop, innovative platforms such as Alipay+ are meeting rising demand for convenient and secure payment methods.

Many consumers in the region have only recently joined the cashless payments revolution, with many more expected in the coming years. According to the World Bank, more than 80 million adults in India and over 100 million in China made their first digital payment after the onset of the pandemic. In Southeast Asia, digital payments using e-wallets are expected to grow more than fivefold to over US$114 billion by 2025, from just US$22 billion in 2019, according to research by PwC.

“There has been a surge in consumers and travelers globally going cashless in recent years, and many payments solutions have emerged to cater to this growing demand,” says Douglas Feagin, President of Ant International.

Meanwhile, small and medium-sized enterprises (SMEs) are leveraging Alipay+ to reach this growing segment of consumers utilizing e-wallets and digital payments. As SMEs account for a substantial portion of economic activity globally, their growth is critical for economic resilience and growth.

By adopting cross-border digital payment solutions like those offered by Alipay+, SMEs can enhance their operational efficiencies and access broader markets. This is especially vital in a landscape where digital transactions are rapidly becoming the norm, influenced by consumer preferences for convenience and safety.

The group says Alipay+, the flagship product of Ant International, connects over 88 million merchants to 1.5 billion user accounts on over 25 e-wallets and banking apps across 57 countries and regions.

Online merchants accepting payments powered by Alipay+ come from sectors favored by global mobile-savvy users, including digital and entertainment, e-commerce, tourism and online-to-offline, encompassing Apple, Disney+, NBA, Amazon, Agoda and foodpanda, among others.

For Asian and European offline retailers, Alipay+ is enabled for payments across sectors including food & beverage, tourism and hospitality, retail and transportation. These include merchants such as Universal Studios in Japan, duty-free shops in South Korea, Printemps in France and the Duomo of Milan in Italy.

Alipay+ is also connected to the national QRs in Singapore, Malaysia and South Korea, and available through partnerships in Cambodia and Sri Lanka, enabling even the smallest local merchants to benefit from digital tourism, while allowing tourists to have a fully localized experience.

This expansive reach not only facilitates seamless and secure transactions, but also enriches the travel experience for millions as it enables them to make purchases without the hassle of costly currency conversion or carrying cash.

Alipay+ recently expanded its reach in Japan, connecting with 2 million merchants to cater to the influx of global tourists arriving for the cherry blossom season. With Alipay+, tourists can conveniently conduct cross border transactions in a wide range of establishments, from luxury boutiques in Tokyo to traditional tea houses in Kyoto, using their preferred e-wallets.

Alipay+ aims to meet the rising demand for convenient and secure payment methods.

Opening Doors to Financial Services

In countries where credit card penetration remains relatively low, digital payments empower more individuals to engage in cross-border commerce and travel. In particular, Alipay+ caters to the needs of a younger demographic in Southeast Asia who may not yet have access to credit cards.

With Alipay+, users can utilize their own e-wallets while abroad, eliminating the need for multiple payment platforms and ensuring a smooth transaction process regardless of geographic location. This approach not only simplifies payments, but also promotes a more inclusive and accessible global financial ecosystem.

“Alipay+ is fostering financial inclusion on a global scale beyond the shores of your home country. With our cross-border payments solution, more people will find it easier and more cost effective to travel or make purchases,” says Feagin. He adds: “By offering such a convenient platform for travelers to make payments overseas, we are helping to facilitate global tourism, travel and commerce.”

He adds: “By offering such a convenient platform for travelers to make payments overseas, we are helping to facilitate global tourism, travel and commerce.”

Forging International Partnerships

Alipay+ is also making its presence felt at international events, such as this year’s Euro Cup in Germany. Alipay signed an eight-year deal to become UEFA men’s national team football sponsor from 2018 to 2026, including UEFA EURO 2024 and the UEFA Nations League finals.

For UEFA EURO 2024, Alipay+ is expanding its coverage by enabling more payment partner apps to be accepted across Germany and other popular European destinations.

This will involve connecting users of 13 international e-wallets and bank apps to tens of thousands of merchant stores across Germany, including in popular districts like Kurfürstendamm in Berlin, and Hofbräuhaus and Maximilianstraße in Munich.

This collaboration is expected to enhance the experience for Asian football fans traveling to Germany, as it offers them a familiar payment option.

Such strategic partnerships reflect Alipay+’s commitment to supporting the growth of global tourism and commerce, reinforcing its position as a key player shaping the future of cross-border digital payments.

Says Feagin: “By offering secure, efficient and accessible payment solutions, Alipay+ not only meets the demands of a digitally savvy global population, but also paves the way for a more connected and inclusive global economy.”

 

www.alipayplus.com

www.antglobal.com

A Foodie’s Guide To Hong Kong

As one of the most vibrant food capitals in the world, Hong Kong is a playground for travelers looking for a culinary adventure. From hidden gems and cozy eateries to Michelin-starred restaurants and longstanding crowd favorites, the city caters to diverse tastes and occasions. Whether you’re exploring the laneways of Sheung Wan or the charming neighborhood of Sai Ying Pun, enjoy the best foodie experience on your next trip to Hong Kong.

Ready to dig in? Check out these restaurants that are dishing up all things delicious.

Lung King Heen

Lung King Heen

What is it: Lung King Heen is a Cantonese restaurant boasting two Michelin stars, favored by Hong Kong’s elite and seasoned travelers alike.
Best for: Families
Why you shouldn’t miss it: Lung King Heen is the world’s first Cantonese restaurant to achieve the coveted three Michelin stars, which it retained for more than a decade. Today, its culinary standards remain unparalleled. Enjoy delicate dim sum, succulent roast meats and nourishing double-boiled soups, crafted from premium ingredients sourced globally. Additionally, there’s a menu tailored for children.
Insider’s tip: Pair your food with a selection of organic sparkling teas or ask the sommelier for wine recommendations.
Address: 4/F, Four Seasons Hotel Hong Kong, 8 Finance Street, Central

Yong Fu Hong Kong

Yong Fu Hong Kong

What is it: Yong Fu Hong Kong is the first outpost of the Shanghai-based brand renowned for its refined Ningbo cuisine.
Best for: Power lunches
Why you shouldn’t miss it: The restaurant occupies two floors, with private rooms on the upper level. Head Chef Liu Zhen, who has been with the original branch since its establishment in 2011, leads the culinary team. Under his guidance, Yong Fu Hong Kong has earned a Michelin star for its intricate dishes showcasing fresh, seasonal ingredients. Signature items include raw mud crab in wine and ginger, as well as yellow croaker soup.
Insider’s tip: For larger groups, consider reserving a private room. Certain menu items, like the crispy chicken, require advance ordering.
Address: Shop 2 G/F & 1/F Golden Star Building, 20-24 Lockhart Road, Wanchai

Mott 32

Mott 32

What is it: With eight restaurants worldwide, the group’s flagship Hong Kong venue has gained a reputation for its fresh spin on Cantonese cuisine with influences from Beijing and Sichuan.
Best for: Date nights
Why you shouldn’t miss it: Mott 32 sets the stage for a romantic evening with its intimate and inviting ambiance. Dimly lit interiors feature exposed brick walls, dark leather and modern Chinese artworks. Indulge in the melt-in-the-mouth Kobe and wagyu beef, barbecued Iberico pork and fresh seafood.
Insider’s tip: Cozy up at the bar counter, designed to resemble a traditional Chinese apothecary, and enjoy signature cocktails while sharing plates of savory nibbles. A dedicated vegetarian menu is available for those who prefer meat-free options.
Address: Basement, Standard Chartered Bank Building, 4-4A Des Voeux Road Central, Central

Cucina

Cucina

What is it: This much-loved restaurant dishes up hearty Italian fare alongside sweeping views of Victoria Harbour.
Best for: Date nights
Why you shouldn’t miss it: You can expect specialties inspired by the chef’s hometown, Piedmont, known for its fall truffles and wine. Keep an eye out for special menus offered during truffle season and chef collaborations for a truly exclusive gastronomic experience.
Insider’s tip: For the best harbor views, ask for a table tucked away in the far corner of the dining room. Plan your dinner around the 8 p.m. “A Symphony of Lights”—a dazzling display of light and sound that transforms Victoria Harbour and its surrounding skyscrapers.
Address: 6/F Marco Polo Hongkong Hotel, 3 Canton Road, Harbour City, Tsim Sha Tsui

The Centurion® Lounge

Lobster Bar and Grill

Lobster Bar and Grill

What is it: A chic hotel hotspot blending classy interiors, British and American classics, and expertly crafted cocktails.
Best for: Leisurely brunches with friends
Why you shouldn’t miss it: Indulge in a nostalgic culinary journey at the Lobster Bar and Grill, offering an array of perfectly executed timeless dishes like prawn cocktail, lobster thermidor and beef Wellington. Treat yourself to the overflowing seafood tower brimming with the freshest seasonal delights.
Insider’s tip: Regulars love the Sunday roast lunch, accompanied by free-flowing wine or champagne.
Address: 6/F Pacific Place, Island Shangri-La, Pacific Place, Supreme Court Road, Central

The restaurants listed above are part of The Platinum Card® Global Dining Credit. Explore a curated selection of over 2,000 restaurants in 20 countries to enjoy this benefit. As a Platinum Member, you will receive up to S$400 (US$296) in statement credits each calendar year, comprising S$200 (US$148) for use at over 25 restaurants in Singapore and S$200 (US$148) for use at over 2,000 restaurants abroad, when you dine at some of the world’s best restaurants. Whether it’s a new dining experience locally or on the other side of the world, Platinum will take care of it.

Your food adventure does not end there. Before your departure, indulge in a final treat as a Platinum Member at The Centurion® Lounge at Hong Kong International Airport. Sip on signature cocktails created by Jim Meehan from PDT at The Landmark Mandarin Oriental in Hong Kong or explore wines handpicked by renowned wine authority Anthony Giglio.

The buffet showcases an array of delectable Asian cuisines that are highly favored by discernable American Express Card members. From the flavorful fish maw soup to the delightful dim sum and the aromatic Indian dishes, the diverse selection leaves you spoilt for choice. The lounge offers an array of amenities catering to both business and leisure travelers.

The Centurion® Lounge is located on level 7 of Terminal 1. Once you are through security, simply take the escalator or elevator located just before Gate 60. From Michelin-starred hot spots to hidden gems, embark on a gastronomic journey and discover new favorites with The Platinum Card. Find out more today at go.amex/sg-fbasia.


The benefits mentioned in this article pertain to The Platinum Card issued in Singapore. For cards issued in other countries, please visit their respective websites.  

go.amex/sg-fbasia

 

 

 

A World Of Opulence Awaits At Galaxy Macau

Galaxy Entertainment Group (GEG) completed the third expansion phase of Galaxy Macau last December, officially unveiling the Galaxy International Convention Center, Galaxy Arena, Andaz Macau and Raffles at Galaxy Macau. This marks a significant milestone, solidifying Galaxy Macau’s position as the premier integrated resort destination for both leisure and business travelers.

Galaxy Macau offers a one-stop resort experience.

Embodying the service philosophy of “World-class, Asian heart,” Galaxy Macau seamlessly blends culture, entertainment, culinary delights and leisure experiences all under one roof. It boasts a state-of-the-art convention venue, a 16,000-seat multi-purpose indoor arena, eight luxury hotels, over 120 dining establishments and more than 200 international luxury brands. The Skytop Oasis—Grand Resort Deck, exclusively for all hotel guests, is a sprawling 75,000-square-meter recreational space offering white sand beaches, water attractions such as the Skytop Adventure River Ride, Skytop Wave Pool and a kid’s aquatic play zone, dining venues, the picturesque Skytop Garden and more.

Grand Resort Deck (left) is exclusively for all hotel guests at Galaxy Macau, while Galaxy Promenade (right) offers a world-class shopping experience with over 200 luxury brands.

Galaxy International Convention Center

The Galaxy International Convention Center sets a new standard for Macau’s MICE sector.

The Galaxy International Convention Center (GICC), spanning 40,000 square meters, sets a new standard for Macau’s Meetings, Incentives, Conferences and Exhibitions (MICE) sector. It features cutting-edge conference facilities and offers tailored planning services. With flexible MICE space, the venue can host grand banquets for up to 8,500 guests or cocktail parties for up to 16,000 guests. The 10,000-square-meter, pillarless exhibition hall accommodates up to 7,000 delegates.

The Galaxy Auditorium, equipped with advanced audio-visual systems and top-notch acoustics, is ideal for keynote sessions, opening ceremonies, cultural and musical performances and product launches.

Seamlessly connected to Galaxy Macau, the GICC positions itself as the preferred destination for global business meetings and exhibitions, with all the necessary MICE services and facilities conveniently housed under one roof.

Galaxy Arena

Galaxy Arena, located within the GICC, is the largest indoor arena in Macau, boasting a seating capacity of 16,000. This versatile venue can accommodate various events, from large-scale conferences and exhibitions to entertainment, music and sports, aligning with the government’s vision of promoting Macau as a “City of Performing Arts” and “City of Sports.”

BLACKPINK held two consecutive shows at the Galaxy Arena in 2023.

Since its opening in April 2023, the venue has welcomed over 100 performers, including K-pop group BLACKPINK, global megastar Jackson Wang and Cantopop diva Kelly Chen. Notably, it hosted the annual star-studded award show iQIYI Scream Night and GEG’s 2023 Yao Foundation Charity Game, which saw former NBA player Yao Ming gracing the event.

Andaz Macau

Andaz Macau is the largest hotel within the Andaz brand worldwide, serving as the brand’s exclusive property in Macau. With direct connection to the GICC and Galaxy Arena, Andaz Macau offers convenience for both business and leisure travelers.

Boasting over 700 meticulously designed rooms and suites, the hotel embodies a seamless blend of Macanese and Portuguese cultural heritage with a contemporary flair. Throughout the property, guests will discover a thoughtfully curated collection of artwork, including artifacts, paintings, installations and bespoke objet d’art, paying homage to Macau’s vibrant history and diverse influences.

Andaz Macau features a vibrant lifestyle concept rooted in local art and culture.

The all-day Andaz Kitchen, led by Executive Chef André Lai, invites diners on a culinary adventure, featuring authentic Macanese and Portuguese flavors. Meanwhile, at Andaz Bar, Mixologist Shobit Shetty crafts innovative cocktails inspired by his experiences at some of Asia’s top bars.

Raffles at Galaxy Macau

The renowned Singaporean brand stays true to its legendary essence, offering an unparalleled luxurious experience at Raffles at Galaxy Macau. This expansive property stands as the largest all-suite Raffles establishment globally, with approximately 450 tastefully furnished suites. Elevating the guest experience further, the hotel’s renowned butler service offers thoughtful yet discreet assistance.

Raffles at Galaxy Macau raises the bar for luxury hospitality.

Guests are greeted by a series of artwork at the hotel lobby, themed around the four seasons. These art pieces beautifully capture the splendor of nature and the changing seasons. On the culinary front, guests can indulge in European favorites throughout the day, prepared by Chef Yorick Soh, who brings his expertise from Michelin-starred restaurants. Additionally, sushi lovers can look forward to an exclusive new sushi concept, led by renowned three-Michelin-starred Masaaki Miyakawa. The iconic Long Bar is also scheduled to open soon, offering guests the opportunity to try the “Macau Sling” cocktail, created in collaboration with noted Asia’s 50 Best Bars legend, Antonio Lai.

With these offerings and more, Galaxy Macau solidifies its status as a world-class destination. It marks a new chapter for the MICE industry and bolsters Macau’s “tourism+” cross-sectoral development strategy.

galaxymacau.com

48 Hours In Bangkok

 

As one of Southeast Asia’s most popular travel destinations, Bangkok captivates both regular visitors and first-time explorers with its vibrant street markets, luxury megamalls and lively entertainment scene. Beyond its bustling exterior lies a profound spiritual essence reflected through its hundreds of temples. Wat Traimit stands out as the home to what is said to be the world’s largest Buddha statue, made entirely of pure gold and weighing over five tons.

If you’re looking for a quick city getaway with a dose of culture, here’s the perfect itinerary for a long weekend of pampering—made even better with exclusive perks for The Platinum Card Members.

FRIDAY

Morning

Check in for your Singapore Airlines/Scoot flight at Singapore Changi Airport. As a Platinum Member, you enjoy S$200 (US$149) Airline Credit annually with qualifying spends on Singapore Airlines or Scoot.

Begin your vacation with exclusive lounge privileges. The American Express Global Lounge Collection® provides access to more than 1,400 lounges across 650 cities. You and one of your supplementary Card Members are welcome to bring one guest each on each visit, making it ideal for family vacations. Enjoy light refreshments or catch up on last-minute emails in comfort before you unplug for the weekend.

Afternoon

When it comes to upscale accommodation, Bangkok offers a myriad of choices, from private villas and boutique properties to heritage hotels. Looking for a romantic stay? Check into Banyan Tree Bangkok, among selected properties, and indulge in a complimentary one-night stay. The contemporary-designed rooms feature a blend of rich dark woods, neutral colors and distinctive Thai accents. Don’t miss the rooftop Moon Bar—perched 61 floors above the city—for cocktails and stunning sunset views.

For a touch of opulence, consider the Siam Kempinski Hotel Bangkok, a plush resort-inspired haven nestled in the heart of the urban jungle. As part of the Fine Hotels + Resorts collection, Members can enjoy early check-in and a room upgrade when available. Wake up to complimentary breakfast for two and receive a unique amenity valued at US$100. The cherry on top? A guaranteed 4 p.m. late check-out, allowing you more time to savor your luxurious stay.

COMO Metropolitan Bangkok is perfect for those who prefer urban-style chic. As a Platinum Card Member, bypass the S$50,000 (US$37,205) spend requirement and enjoy a complimentary upgrade to Comoclub’s C5 membership tier for 12 months, offering perks such as early check-in, late check-out, complimentary breakfast for two and more. Pamper yourself with a welcome massage and energize your mornings with complimentary yoga sessions at the hotel’s wellness center COMO Shambhala. You will also enjoy preferential rates at over 40 Club21 stores around the city.

Evening

Fire up your appetite at Le Du, a one Michelin-star, modern Thai restaurant which topped Asia’s 50 Best Restaurants in 2023. Choose between 4-course and 6-course tasting menus, featuring locally sourced, seasonal ingredients prepared using modern techniques and global influences. Let Platinum Concierge, a 24/7 ser­vice, handle your restaurant reservations.

After dinner, explore Silom, lined with hotels, restaurants, bars and malls. While it is part of Bangkok’s central business district, Silom is also a popular entertainment spot.

SATURDAY 

Morning

Explore Ari, a relaxed and green neighborhood favored by the artsy crowd. Stroll down streets lined with art galleries, matcha bars, coffee shops and trendy restaurants. The aromas wafting from Landhaus Bakery, a hidden gem, will lure you in. Enjoy freshly baked pastries and coffee in the shade of the garden. Another option for your caffeine fix is Nana Coffee Roasters, a spacious café spanning two floors.

Looking for some cool threads? Check out Hide.Selected, a multi-label indie store featuring a carefully curated selection of men’s and women’s wear from both local designers and well-known brands.

Afternoon

A cruise down the Chao Phraya River, which runs through the heart of Bangkok, is an ideal and relaxing way to see the city. Hop off to visit a temple or two along the way, such as Wat Saket (The Golden Mount), a historic temple perched on a hill. If you’re up for it, climb over 300 stairs for panoramic city views.

Stop for lunch at the iconic Blue Elephant Restaurant to enjoy traditional Thai flavors with the Platinum Dining Credit. Housed in a colonial-style mansion on Sathon Road, the restaurant is a stalwart of the Bangkok culinary scene. The Blue Elephant offers cooking classes on its premises—try your hand at preparing a few Thai classics to really understand Thailand’s popular cuisine.

Platinum Members can enjoy dining credits at selected restaurants worldwide. Receive up to S$400 (US$298) in statement credits each calendar year, comprising S$200 (US$149) for use at over 25 restaurants in Singapore and S$200 (US$149) for use at over 2,000 restaurants abroad, when you dine at some of the world’s best restaurants. 

Cap off your day of sightseeing with a pampering spa session at Banyan Tree Spa, known for its exceptional service and quality treatments. Relax and let your stresses melt away with the signature 150-minute Royal Banyan treatment. 

Evening

Make your final dinner in the heart of Bangkok a truly unforgettable experience. Platinum provides a carefully curated selection of Michelin-starred establishments worldwide. Paste Bangkok, for instance, serves up dishes inspired by Thai royal cuisine and heritage cookbooks, while also incorporating its unique creative spin.

Afterward, make your way to the sophisticated BKK Social Club at the Four Seasons Hotel Bangkok for a nightcap. Ranked 13th on The World’s 50 Best Bars 2023 list and hailed as The Best Bar in Asia, BKK Social Club combines the glamor of Buenos Aires with the dynamic spirit of Bangkok. Indulge in the exquisite Evita, a limited-time-only cocktail paying homage to the iconic former first lady of Argentina.

SUNDAY

Morning

Begin your final day in Bangkok early to maximize your remaining hours in the city. Song Wat, a historic area located just off Chinatown, is home to heritage buildings and traditional shops and eateries coexisting harmoniously with trendy cafes and stylish art galleries. Capture some captivating shots, especially before the crowds arrive. Enjoy a leisurely breakfast before making your way back to the hotel to freshen up for your return flight. Head to the Miracle First Class Lounge at Suvarnabhumi Airport for a glass of wine or light bites before boarding.

This itinerary is complemented with a comprehensive worldwide travel insurance for peace of mind as you enjoy your weekend getaway. And just like that, your time in Bangkok is well taken care of by Platinum.


The benefits mentioned in this article pertain to The Platinum Card issued in Singapore. For cards issued in other countries, please visit their respective websites.  Find out more about The Platinum Card® today at go.amex/sg-fbasia.

 

go.amex/sg-fbasia

 

Cloud 11 Positions Bangkok As Asia’s Largest Hub For Content Creators

Magnolia Quality Development Corporation Limited (MQDC), one of the leading property developers in Thailand, believes its soon-to-be-launched Cloud 11 has what it takes to help realize the full potential of the creative industry in Thailand.

According to MQDC Senior Vice President Onza Janyaprasert, there are many world-class creative talents in Bangkok. Based on data by the Creative Economy Agency, the creative industry contributed close to 10% of Thailand’s gross domestic product pre-pandemic. “Clearly, there’s a lot of creative talent in the country. However, the sector is fragmented,” says Janyaprasert, who is also the Project Director of Cloud 11. “We hope to develop Cloud 11 into a hub for creative industry talents—a place where we can empower them to achieve greater things.”

Asia’s Largest Hub for Content Creators 

Cloud 11 is a 40-billion-baht (US$1.14 billion) project in Bangkok developed to help grow the region’s creative industry and position Thailand as Asia’s largest hub for content creators.

Construction is currently underway, with the topping out ceremony slated for the second quarter of 2024. The official launch is on track to take place in the fourth quarter of this year.

Designed by the world-renowned architectural studio Snøhetta, Cloud 11 will have seven key components, including Grade A+ office spaces, content production studios, a retail complex, lifestyle hotels, concert halls and Bangkok’s largest rooftop park. It will also have an education zone to house entertainment and media schools, content academies and incubation facilities for content creators.

Janyaprasert says MQDC is partnering with Thailand’s telco True Corporation to offer Cloud 11 one of the fastest fiber optic connections in the country.

He adds, “Cloud 11 has many unique features. For example, the workspaces we are building are not generic offices; they are purpose-built for the content industry with dedicated circulation for artists and creators. We also understand that people in the creative industry have different working hours, so Cloud 11 will implement a district cooling system, allowing for flexible air-conditioning for our tenants.”

Building an Ecosystem

Janyaprasert says the reason behind these key features is about building an ecosystem for the creative community, one that allows content creators to have access to the best-in-class technology, as well as provide them with funding and business opportunities.

“Cloud 11 is not merely a real estate project,” he says. “It is not about the building. It is about creating an ecosystem with the creator community at its heart.”

He adds that content creation and entertainment have evolved beyond two dimensional formats. Today, content can be created by leveraging technologies such as Web 3.0, metaverse and blockchain. Cloud 11 will offer the space, funding opportunity, talent and state-of-the-art equipment for content creators.”

The development and concept of Cloud 11 have garnered a positive response from the creative community. “They are glad to see a hub for the community. A place where content creators, musicians and even gamers can be together, to collaborate and create more value together,” Janyaprasert says.

So far, Cloud 11 has attracted several anchor tenants, including market hall operator and community space specialist theCOMMONS, tech-led hotel group Yotel and Marriott International.

“We are also in talks with leading entertainment companies and a few studio partners and academies from Hollywood and South Korea. The details will be announced later this year,” he says.

There will also be a scriptwriting academy at Cloud 11 to groom and support aspiring writers in the creative industry. “Thailand is good at post-production work. However, we need more original content. With the academy, we can produce more original content and export it to the world,” Janyaprasert says. “Hopefully, one day Cloud 11 can be a hub for Asian creators to collaborate.” 

www.cloud11bangkok.com

Redefining Wealth Management: Going Beyond Private Banking With Wealth Continuum Vision

Lok Yim, Regional Head of HSBC Global Private Banking, Asia Pacific

With its unparalleled global network, full-service best-in-class personal to private banking capabilities and over 158 years of expertise in wealth management, HSBC can provide tailored solutions to meet the diverse needs of Asia’s wealthy in a way that is unmatched in the region.

HSBC Global Private Banking’s new regional head for Asia-Pacific, Lok Yim, outlined the bank’s approach to service its globally-minded clientele with complex, cross-border private wealth and business needs. Indeed, some 85% of entrepreneurs in Asia are looking beyond borders for business opportunities, while nearly 50% of Asia’s entrepreneurial families have a presence in more than one market, often driven through direct investments, real estate or education for their children, according to HSBC’s Global Entrepreneurial Wealth Report 2023 (GEWR).

“The client experience we offer is across the full wealth continuum to meet client needs at every key stage of their lifecycle. It goes beyond private banking, encompassing the full spectrum of HSBC’s products and services across Wealth and Personal Banking, Commercial Banking and Global Banking and Markets, to deliver tailored solutions and open up wealth and business growth opportunities for our clients in all the countries where we can support them,” says Yim.

HSBC Global Private Banking’s global network spans over 40 countries and territories, with 13 strategic booking centres. Leveraging the bank’s global presence, its clients can access banking services seamlessly in leading international financial centres and diversify their wealth globally.

The bank’s ability to provide consistent services across different geographies is reflected in its global relationship manager model, who acts as a single contact point and coordinates with other divisions of the bank to deliver a seamless client service internationally.

Moreover, HSBC’s on-the-ground presence in multiple jurisdictions enables it to offer local expertise for clients who are expanding internationally. Whether it’s helping a client in Hong Kong establish a supply chain in Saudi Arabia, or advising on Sharia-compliant financial products, HSBC’s local teams offer invaluable insights and advice.

Empowering the Future: Meeting Next-Generation Needs

Succession planning is an increasingly urgent issue for many entrepreneurs in the region. According to GEWR, some 69% of the respondents in Asia are yet to discuss their wealth plans with their family, while 46% of former entrepreneurs wish they could have consulted more with their family before their exit from the business.

With a new generation set to take over the reins of Asia’s wealthiest families, HSBC Global Private Banking’s dedicated wealth planning and advisory team provides bespoke solutions in wealth and succession planning, trust services, philanthropy, family office and sustainability, and customised mandates based on each family’s unique culture, values and vision for the future. The team plays a role as an adviser, facilitating open and early dialogue within the families, helping to smooth the process of multigenerational wealth transfer.

Being one of the longest-serving trustee businesses in Asia, HSBC Trustee has over 75 years of experience working with some of the most sophisticated families globally, building bridges across generations of wealth and preserving legacy across geographies. Families with global interests can benefit from HSBC Trustee’s international coverage spanning Hong Kong, Singapore, Delaware, New York in the U.S. and Jersey in the Channel Islands.

As a new generation of ultra-high net worth individuals emerge, Yim notes that HSBC Global Private Banking is adapting its services to meet the increasing sophistication of these younger clients. They are keen to professionalise the management of their business and wealth, seeking everything from access to institutional-grade services and investment opportunities to credit solutions.

Meanwhile, today’s affluent are looking to grow their wealth purposefully, which includes incorporating Environmental, Social and Governance (ESG) considerations into their investment decisions. Increasingly, a new generation of clients are paying closer attention to social and governance issues, in addition to environmental ones. Having gained an understanding of their motivations and ambitions, HSBC Global Private Banking’s expertise supports these clients in realising their desired outcomes through philanthropy or impact investing.

Elevating Experiences with High-Touch, High-Tech Solutions

Technology plays an increasingly pivotal role in delivering HSBC’s services to its private banking clients. In this regard, the bank has adopted a hybrid model that combines high-touch, personalised service with digital solutions, ensuring clients can engage with the bank in a manner that suits them best.

Whether it’s performing analytics on their portfolio, executing trades or simply managing day-to-day banking needs, clients have the flexibility to interact with their relationship managers and investment counsellors securely through HSBC’s digital platforms.

The bank’s digital concierge service exemplifies this hybrid approach, assisting clients in navigating the bank’s technological offerings and enhancing their experience. This service caters to clients who value both the efficiency of digital solutions and the personal touch of human interaction.

“Our view on technology is to make the client experience as seamless as possible in a way that works for them. We’re not insisting that clients use the digital tools we provide, but if they prefer to use them and find it makes their lives easier, these options are available,” says Yim.

Clients can also take advantage of HSBC’s strong presence in its Asia home market of Hong Kong, which serves as an international wealth hub, as well as a gateway to mainland China and the rest of the region. The bank’s global network and expertise in wealth management enable its private banking team to provide both local residents and international clients unparalleled service and support.

Yim adds, “I believe that no other bank, especially in Asia, can offer a seamless continuum of services for private banking clients like HSBC does and connect them to all the markets we operate in globally, and for their generations to come.”

privatebanking.hsbc.com


Disclaimer

The information contained in this article has not been reviewed in the light of your individual circumstances and is for information purposes only. It does not purport to provide legal, taxation or other advice and should not be taken as such. No client or other reader should act or refrain from acting on the basis of the content of this article without seeking specific professional advice. Issued by The Hongkong and Shanghai Banking Corporation Limited.