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

Banking & finance

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

Millionaires and billionaires

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

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.

Li Ka-shing, dubbed “Superman” for his deal-making prowess, is Hong Kong’s richest individual. Photo: The Li Ka Shing Foundation
Li Ka-shing, dubbed “Superman” for his deal-making prowess, is Hong Kong’s richest individual. Photo: The Li Ka Shing Foundation
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.

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.

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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.

The latest Sierra Sea offering includes 244 two-bedroom and 106 three-bedroom units. Photo: Edmond So
The latest Sierra Sea offering includes 244 two-bedroom and 106 three-bedroom units. Photo: Edmond So
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.

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.

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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.

Swire Pacific chairman Guy Bradley. Photo: Jonathan Wong
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.

Pedestrians cross a road in Central, Hong Kong. Photo: May Tse
Pedestrians cross a road in Central, Hong Kong. Photo: May Tse
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

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

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.

Happy Valley: Hong Kong currently has around 395,000 multimillionaires, according to a Citibank study. Photo: Dickson Lee
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.

5
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
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