Advertisement
Advertisement
Money /

Wealth

Related Topics:
Banking & finance
Property investment
Capital gains tax
Stocks
Money Matters
China’s inheriting generation are stepping into responsibility within their families at a younger age, according to Swiss bank UBS which has predicted a US$11 trillion wealth transfer in the Asia-Pacific region over the next 30 years.
Wealth management

Chinese successors assume control sooner as US$11 trillion wealth transfer looms

Asia-Pacific’s largest intergenerational wealth transfer in modern times is set to transpire over the next 20 to 30 years, UBS says.

videocam
Wealth management

Why Singapore wealth-tech firms pick Hong Kong as their first overseas market

Family offices

How the Middle East war is boosting family offices, private banking in Hong Kong

Banking & finance

HSBC stays the course in the Middle East despite war

The bank will continue to invest in the UAE, alongside India, China and Singapore, says Surendra Rosha, co-CEO for Asia and the Middle East.

Surendra Rosha, co-CEO for Asia and the Middle East at HSBC. Photo: Jonathan Wong
Surendra Rosha, co-CEO for Asia and the Middle East at HSBC. Photo: Jonathan Wong
Mainland China

Sketching a recovery: China puts next-gen art buyers in the frame amid slowdown

A US$83 trillion global wealth transfer in next two to three decades is beginning to reshape China’s art market: UBS.

Turkey

As tensions rise, Middle Eastern money and travellers pivot to Hong Kong

Wealthy Gulf visitors are extending their stays in Hong Kong as investors from the region look to hedge risk and tap Asian markets.

Advertisement
Advertisement
Advertisement
Wealth management

Hong Kong a ‘safe harbour’ for family wealth as global tensions rise: officials

City provides a stable platform for growth and deployment of capital amid ‘uncertainty and conflicts’, Financial Secretary Paul Chan says.

Financial Secretary Paul Chan speaks at the Wealth for Good in Hong Kong Summit gala dinner on Tuesday evening. Photo: Handout
Financial Secretary Paul Chan speaks at the Wealth for Good in Hong Kong Summit gala dinner on Tuesday evening. Photo: Handout
Banking & finance

Chinese banks outpace rivals in Hong Kong wealth growth, Huatai HK CEO says

Booming listings and rising outbound investment demand are accelerating growth for Chinese players, SFC data shows.

Chow Tai Fook

Bling it on: Chow Tai Fook’s US$115,000 gold AirPods case sparks online buzz

Gold gadgets and hair clips ignite discussion online as the jeweller looks to the ultra-rich to set the gold standard for luxury spending.

Banking & finance

Deutsche Bank bets on Hong Kong boom as Asian billionaires look beyond US assets

Hong Kong is becoming a focal point for Asian billionaires seeking to pivot away from US exposure, Deutsche Bank’s private bank says.

Claudio de Sanctis, head of Private Banking at Deutsche Bank. Photo: Sun Yeung
Banking & finance

Hong Kong family offices take long view despite Iran war, HKMA affiliate says

Survey shows family offices expanding risk management while maintaining strong investment exposure to Hong Kong and Asia.

Family offices are increasingly using hedging strategies and derivative instruments to manage portfolio risks, according to a survey. Photo: Sam Tsang
Family offices are increasingly using hedging strategies and derivative instruments to manage portfolio risks, according to a survey. Photo: Sam Tsang
Millionaires and billionaires

Adrian Cheng maps out investment plan in line with China’s 5-year plan

The former CEO of NWD plans to spend more time in mainland China this year to scope out tech investment targets.

Millionaires and billionaires

Li Ka-shing tops Hong Kong’s billionaire list with US$45.1 billion: Forbes

The collective net worth of tycoons on Hong Kong’s 50 Richest list rose 22 per cent to US$366 billion.

Family offices

Hong Kong adds 681 family offices as wealthy shift focus from US: Deloitte

The auditing firm’s survey shows a 25 per cent increase in the city’s single-family offices over two years, with the affluent wary of US volatility.

There were an estimated 3,384 single-family offices in Hong Kong by the end of last year. Photo: Sam Tsang
IPO

Morgan Stanley sees another record year for Hong Kong IPOs as pipeline hits 450

Mainland China’s issuers will still dominate city’s IPO market, executive says, but US and Southeast Asian companies are also joining in.

Mainland China’s issuers will still dominate city’s IPO market, Morgan Stanley executive says. Photo: Reuters
Mainland China’s issuers will still dominate city’s IPO market, Morgan Stanley executive says. Photo: Reuters
Hong Kong property

SHKP posts another Sierra Sea sell-out as Hong Kong property rebound strengthens

Fifth consecutive sell-out at Sai Sha development shows recovery gathering pace, with analysts forecasting further price increases ahead.

Banking & finance

US asset manager Federated Hermes moves ahead with Hong Kong office plan

Office in city is ‘vital’ to service financial institutions ‘where they’re seeing a lot of their growth’, executive says.

Advertisement
Advertisement
Advertisement
Banking & finance

Growth in sovereign investors’ China exposure slows amid political tensions

Inflows fall 58 per cent as sovereign wealth funds grow cautious, yet outlook signals selective opportunities ahead, experts say.

15
Sovereign investment activity has become increasingly politicised, forcing some Western state-owned investors to avoid major deals in China, according to a data platform. Photo: EPA
Sovereign investment activity has become increasingly politicised, forcing some Western state-owned investors to avoid major deals in China, according to a data platform. Photo: EPA
Swire Group

Swire Pacific’s Guy Bradley to lead Hong Kong’s Cathay Pacific, Swire Coca-Cola

Bradley succeeds Patrick Healy, who will retire from the Swire Group in May next year after over three decades of service.

Insurance

Market volatility, family feuds fuel Hong Kong’s wealth transfer anxiety

In Hong Kong, there were 198 ongoing lawsuits over deceased estates as of the end of September, the second largest category among cases.

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.

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

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

The combined wealth of mainland China’s billionaires soars 22 per cent to US$1.77 trillion; Hong Kong’s ultra-rich population rises.

Wang Chuanfu of BYD is among the tech sector’s biggest wealth gainers. Photo: Handout
Wang Chuanfu of BYD is among the tech sector’s biggest wealth gainers. Photo: Handout
Wealth management

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

The number of Hongkongers with at least HK$10 million in net assets edged up to 395,000, as a booming stock market offset property weakness.

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.

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.

Hong Kong is firmly back on its growth trajectory, says Amy Lo. Photo: Edmond So
Help preserve 120 years of quality journalism.
SUPPORT NOW