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Latest news and features on wealth management, with a particular focus on Hong Kong, mainland China and Asia.
From wealth management to bonds and banking services, mainland China has shown further support for city as a financial hub
As Hong Kong continues to emerge from its post-Covid slump, proposed confidence-building measures in line with safety nets at a global level can only help.
The likely impact of the US lender’s collapse is that China’s tech elite will look to banks in Hong Kong, Singapore and even Europe.
When looking for a friendly, experienced jurisdiction to help protect their wealth and legacies, the world’s richest need look no further than Hong Kong.
Lockdown fatigue and fear of a mostly non-lethal virus has left China’s entrepreneurial class discouraged, hurting the people needed to achieve national goals.
Sheikh Ali Al Maktoum, the nephew of Dubai ruler, is opening a family office in Hong Kong, one of the first high-profile global investors to respond to the city’s campaign to lure the ultra-rich.
Analysts consider India a promising growth story, with significant economic expansion and an influx of capital into equities and fixed income.
The New York-based bank will continue to invest in Hong Kong, betting that the city where it has been doing business for a century can recover when the economic cycle turns, and live up to its potential as the financial centre of the world’s second largest economy.
HSBC plans to promote its family office and digital banking services to attract the growing horde of ultra-high-net-worth clients in Asia to its private banking unit.
San Francisco-based Matthews International, which had fewer than 10 people in the Shanghai office, will centralise its regional research business in Hong Kong.
The ratio of ultra-rich women stood at 11 per cent of the global total last year, compared with 6.5 per cent in 2010, as changing attitudes towards women doing business has led to a large number of self-made female multimillionaires, according to a survey by Julius Baer.
The mega event week reflects the Hong Kong government’s heightened efforts to buttress the city’s status as an international financial hub.
Financial firms have been flooded with inquiries after the government started accepting applications under the revamped investment migration programme, under which clients need to invest at least US$3.8 million.
Blockchain is shaking up the financial sector and, given the popularity of bitcoin exchange-traded funds, regulators will need to step up their game when it comes to consumer protection and oversight, says the president and chief executive of fund manager Franklin Templeton.
The government’s recent adjustments are ‘steps in the right direction’, but further relaxations are needed to revitalise the industry, according to the Asian Securities & Financial Markets Association.
Citigroup will use Hong Kong as a hub to expand its wealth management business in the Greater Bay Area and Asia, which is set to become the fastest-growing region globally, according to global wealth head Andy Sieg.
Read on for the Nepali businessman’s thoughts about giving back to society – and his dream of creating ‘small universes under a big universe’ for his company.
In a wide-ranging interview with This Week in Asia, the third-generation inheritor of one of Asia’s most visible corporate brands said he had set his sights on elevating his home nation.
Regulators from Hong Kong, Japan and Singapore welcome the trend of tokenisation as a means to promote efficiency, disintermediation, liquidity and financial inclusion in markets.
The city has pulled all stops in its budget with the aim of retaining its status as an international asset and wealth-management centre in the face of intensified competition from Singapore and geopolitical tensions between the US and China.
The sale to an Asian customer handily surpasses the US$201 million cover bought by a tech billionaire in California in March 2014. It was certified by Guinness World Records.
Hong Kong will enhance several measures aimed at attracting foreign funds and family offices, and host more financial conferences to improve the city’s ‘branding’ and economic appeal, Financial Secretary Paul Chan says.
Hong Kong’s funds industry is calling for a profit tax exemption for private credit assets, as the city is failing to attract a booming business and is losing out to Singapore because of its existing tax regime.
HSBC, Standard Chartered and Hang Seng Bank are rolling out more products tied to the Wealth Management Connect scheme amid a drive by Beijing to boost the Greater Bay Area’s financial markets.
China’s next big impending change in the financial market is letting more foreign institutional investors into its onshore repo market.
The third-generation heir to Malaysia’s famous snack brand talks about family legacy, making Instagrammable products – and why Mamee isn’t a ‘family business’.
The youngest daughter of Indonesian tycoon Sukanto Tanoto talks about the family business, the rise of climate-friendly industries – and explains why China remains crucial to the world economy.
As Asia’s richest families prepare to hand down US$2.5 trillion in wealth by 2030, an intergenerational divide emerges over how and where the money should be spent.
Qianhai’s tax incentives are among measures that have attracted major Hong Kong banks to invest in grade-A office buildings, and to develop a wide range of banking, securities and insurance businesses in the area.
Hong Kong Financial Secretary Paul Chan says stronger links between city’s financial sector and rest of Greater Bay Area being forged.
In the third of a four-part series on the Greater Bay Area’s fifth anniversary, we look at how Hong Kong has become the de facto wealth management hub for the wealthy. Enhancements to cross-border payments and investments will only add to the city’s lustre.
Gone are the days when the property and stock markets yielded guaranteed gains in China, leading to middle-class investors becoming more risk-averse with their hard-earned savings and familial wealth.
The cuts will affect less than 1 per cent of employees in the wealth-management business, according to a source.
Jobseekers as well as employers are anxiously waiting for the market to stabilise after a challenging year as the city enters its busiest hiring season following the Lunar New Year holiday and bonus payouts.