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As economic headwinds persist, China’s wealthy are becoming more cautious, using gold and insurance to preserve capital. Photo: XInhua
Wealth management

China’s rich step up offshore bets as gold and insurance gain favour

China’s wealthy are shifting more of their portfolios offshore, as they seek to hedge slowing growth, policy risks and low yields at home.

Millionaires and billionaires

Mainland China’s billionaire count surges as BYD and Mixue bosses power gains

Wealth management

Hong Kong’s rich grow richer as stock boom lifts multimillionaires’ wealth, Citi says

Banking & finance

Exclusive | Standard Chartered tailors UAE offerings for wealthy Chinese residents

The United Arab Emirates is a growing hub for people who come to work, set up family offices and start businesses, bank’s wealth CEO says.

The bank’s moves in the UAE align with its overall strategy to promote wealth management as its growth engine. Photo: Jelly Tse
The bank’s moves in the UAE align with its overall strategy to promote wealth management as its growth engine. Photo: Jelly Tse
Wealth management

Hong Kong roars ahead as top wealth hub, overtaking Singapore

Nearly 45 per cent of top global private banks say their affluent clients prefer Hong Kong over other wealth management centres: PWMA report.

Banking & finance

Exclusive | CICC targets Southeast Asia and Middle East as global shifts reshape landscape

Chairman Chen Liang says booming Asian wealth management sector and AI will drive future growth.

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Hong Kong economy

Swiss firm aims to help build Hong Kong as an international gold trading hub

Precious metals trader MKS PAMP joins a growing number of European firms that are expanding operations in the city.

MKS PAMP CEO James Emmett, centre, leads the opening of the Swiss firm’s regional headquarters in Hong Kong on Thursday, flanked by chief commercial officer Omar Liess and Angelica Leung, InvestHK’s head of consumer products. Photo: Handout
MKS PAMP CEO James Emmett, centre, leads the opening of the Swiss firm’s regional headquarters in Hong Kong on Thursday, flanked by chief commercial officer Omar Liess and Angelica Leung, InvestHK’s head of consumer products. Photo: Handout
Hong Kong property

Wealthy mainland Chinese, Western expats drive Hong Kong luxury flat rentals

Trend reflects the positive impact of the city’s stock market rally and the government’s efforts to attract more affluent investors.

Banking & finance

Hong Kong leads Singapore in luring crypto-treasuries: blockchain expert

Hong Kong’s push to regulate crypto platforms is paying off, with Web3 firms shifting headquarters from Singapore, says Gu Ronghui.

Hong Kong property

European private equity firm Ardian eyes fresh growth at new Hong Kong office

Ardian’s expansion in Hong Kong reflects robust growth in the city’s private banking and wealth management sectors.

Two IFC, on the waterfront of Hong Kong’s Central district, is the city’s second-tallest building and new home for private equity firm Ardian. Photo: Edmond So
Family offices

Ultra-rich families focus on impact ‘across generations’ in legacy planning

Family offices at Standard Chartered forum in Dubai concerned with geopolitical instabilities, digital disruptions and social changes.

A night view of yachts in Dubai Marina. Photo: Shutterstock
A night view of yachts in Dubai Marina. Photo: Shutterstock
Millionaires and billionaires

China minted a new billionaire a day last year, Hurun’s Rich List says

A record 1,434 individuals, each with a net worth of more than US$700 million, have made it onto Hurun’s list of China’s richest people.

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Mandatory Provident Fund (MPF)

Hong Kong’s pension scheme earns higher grade, still lags behind Singapore’s

The city’s US$193 billion ­compulsory retirement scheme improves to a B from a C+ in Mercer’s index, thanks largely to strong returns.

Family offices

Hong Kong shapes policies to widen appeal to family offices, treasury chief says

Last month, the government achieved its previous target of facilitating 200 family offices to establish a presence in the city.

Secretary for Financial Services and the Treasury, Christopher Hui, addresses the Raffles Family Office annual forum on Wednesday. Photo: Handout
Wealth management

Hong Kong stands as key beneficiary of China’s continued opening up efforts

That policy brings ‘more innovative hi-tech companies to Hong Kong’, China International Capital Corp’s Zhao Yang says.

From left, moderator Peggy Sito, business editor at South China Morning Post; Wei Shen, head of principal Investment at Junson Capital; Ariel Shtarkman, founder of Orca Capital; and Zhao Yang, managing director at China International Capital Corp in a panel at the Post’s latest Redefining Hong Kong forum. Photo: May Tse
From left, moderator Peggy Sito, business editor at South China Morning Post; Wei Shen, head of principal Investment at Junson Capital; Ariel Shtarkman, founder of Orca Capital; and Zhao Yang, managing director at China International Capital Corp in a panel at the Post’s latest Redefining Hong Kong forum. Photo: May Tse
Hong Kong

Hong Kong retains No 3 rank as global financial hub, behind New York and London

The latest ranking reflects Hong Kong’s efforts to burnish its credentials as a major international financial hub.

Insurance

Hongkongers eye stable returns as longer lifespans reshape retirement needs

Two-thirds of respondents in an HKIMR survey said they want stable returns and wish to maintain their living standards after retirement.

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Bitcoin

Crypto’s growing acceptance to shape Hong Kong fortunes, future of investing

Hong Kong’s regulatory lead signals a new era for digital assets, as crypto attracts global investors and reshapes the future of finance.

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Illustration by Henry Wong
Illustration by Henry Wong
Bonds

China bond market rout likely to continue as investors seek better returns

‘Sentiment in the bond market is expected to remain weak and it’s unlikely to see a substantial recovery,’ analyst says.

US-listed Chinese stocks

Stock market rally is built on narrative that is loaded with risk

The most common risks for a hard market landing include cracks in the AI theme, the trade war, swelling debts and a weak US labour market.

Banking & finance

UBS says managed assets in Asia-Pacific region recently surpassed US$1 trillion

‘The set of strong results demonstrate how we have continued to stay close to our clients,’ UBS says.

A UBS branch in Switzerland. Photo: Reuters
Banking & finance

HSBC opens wealth centre in ICC, in boost to Hong Kong’s office rental market

Centre is located on the 99th floor of the ICC and it is HSBC’s largest wealth management office globally.

HSBC’s new wealth management centre in the ICC building. Photo: HSBC
HSBC’s new wealth management centre in the ICC building. Photo: HSBC
Wealth management

Wealthy Asians turn to secondary private equity amid uncertainties

Rich individuals betting on bargains and cash flow are a new force in the US$210 billion market, fund managers say.

Wealth management

Standard Chartered banker urges diversification amid correction risks

‘There could be another correction. These things happen,’ Standard Chartered’s Judy Hsu says.

Family offices

Citi’s Asia private bank ramps up hiring as capital inflows drive regional rally

Growing number of wealthy clients want to take advantage of market rallies and alternative investments like hedge funds and private equity.

Horace Yip Chi-ho, the Hong Kong head of Citi Private Bank. Photo: Jelly Tse
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