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Money Matters
Illustration: Lau Ka-kuen
Wealth management

In Focus | Why shifting assets won’t save New York’s rich Chinese from Beijing tax rules

With the 90-day grace period soon to run out, some ultra-wealthy living outside mainland China face complicated tax liability questions.

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Wealth management

China’s young investors embrace risk. Why are their portfolios so safe?

Wealth management

HKU Business School launches academy to train wealth management talent

China property

Rich Dad, Poor Dad author’s vast debts spark awe – and some anger – in China

Robert Kiyosaki’s claim to be US$1.2 billion in debt has sparked heated debate in China, where property investors have suffered steep losses.

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A young woman in Indonesia reads Robert Kiyosaki’s Rich Dad, Poor Dad. The 1997 bestseller was also a huge hit across Asia. Photo: Shutterstock
A young woman in Indonesia reads Robert Kiyosaki’s Rich Dad, Poor Dad. The 1997 bestseller was also a huge hit across Asia. Photo: Shutterstock
Insurance

Prudential’s new business profit growth slows, US$300m share buy-back announced

New business profit increases 8 per cent to US$1.38 billion in first half as market braces for potential fall in number of mainland visitors.

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Wealth management

Hang Seng Bank grows wealth network despite Beijing’s tighter capital scrutiny

Hong Kong lender says it is expanding its workforce to capture rising demand from high-net-worth clients.

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Wealth management

Investment market volatility is ‘here to stay’ unless global recession strikes

Rich investors put on notice as AI advancement and geopolitical risks continue to change market structure, causing instability, says Nomura.

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Julia Wang, chief investment officer for North Asia at Nomura International Wealth Management, in Nomura’s office in Central. Photo: SCMP Pictures
Julia Wang, chief investment officer for North Asia at Nomura International Wealth Management, in Nomura’s office in Central. Photo: SCMP Pictures
Wealth management

Goldman Sachs upbeat on wealth outlook despite worries over China’s tax scrutiny

Robust fee growth tipped for Hong Kong, Singapore banks as mainland Chinese clients’ offshore allocations driven by diversification: report.

Wealth management

Even Hong Kong’s rich expect to work past retirement age, survey says

More people plan to work longer and ‘blend work, family responsibilities and personal aspirations’, Manulife Hong Kong CEO says.

Wealth management

Rich Hongkongers rank travel over real estate in shifting life goals: survey

Immersive travel and early retirement rank above real estate on the priority list of wealthy individuals, according to a new report.

Passengers pose for pictures at Hong Kong International Airport in Chek Lap Kok on May 27. Photo: SCMP/Sam Tsang
Banking & finance

In Focus | Beijing hits super-rich with 20% offshore tax. What does it mean for Hong Kong?

For decades, Hong Kong has prospered by managing the wealth of Asia’s elite. Will that change as China introduces tougher offshore tax policies?

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Illustration: Dennis Yip
Illustration: Dennis Yip
Wealth management

Over a quarter of China’s ultra-wealthy in Beijing and Shanghai, report says

Beijing, Shanghai and Guangdong hold most super-rich households as weaknesses in real estate and market volatility weigh on private capital.

Wealth management

How China’s new offshore trust tax rules could shake billionaires’ fortunes

Soho China founder Pan Shiyi’s Cayman trust faces scrutiny as Beijing’s tax overhaul puts offshore wealth strategies in focus.

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Millionaires, billionaires and trillionaires

Why 17 people have held title of China’s richest person in past 27 years

ByteDance founder Zhang Yiming tops rankings this year, but vibrant market makes them much more fluid than in US, Hurun says.

ByteDance founder Zhang Yiming ranks as China’s richest person this year, with a fortune estimated at US$81 billion. Photo: Weibo
China stock market

From property to portfolios: why Chinese families are walking away from homes

While Chinese families grow cautious, South Korean retail investors use record leverage to chase tech ETFs despite mounting risks.

Property’s share of Chinese household assets dropped to 52 per cent in the first quarter of 2026 from 67 per cent in mid-2021, according to a Goldman Sachs report. Photo: Getty
Property’s share of Chinese household assets dropped to 52 per cent in the first quarter of 2026 from 67 per cent in mid-2021, according to a Goldman Sachs report. Photo: Getty
Wealth management

Sun Life targets Asia’s booming wealth transfer market with new platform

Insurer joins global scramble to serve Asian clients looking to transfer wealth to next generation via insurance products.

China stock market

As Musk loses US$130b, Chinese chip and AI founders’ fortunes rise

Surging stocks of CXMT, Zhipu and MiniMax create billions in wealth as world’s first trillionaire loses status amid SpaceX’s plunge.

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China stock market

Trump or trap: should China’s stock market entice investors with ‘good bubbles’?

Analysts say China’s risk-averse financial policy is diverting capital to Wall Street, advising the building of ‘good bubbles’ to promote growth.

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Illustration: Lau Ka-kuen
Illustration: Lau Ka-kuen
Wealth management

DBS survey shows Chinese investors eye Hong Kong, US to weather volatility

Stocks in mainland markets have underperformed this year, with the Shanghai Composite Index down 3.9 per cent year to date as of Wednesday.

Wealth management

Most ultra-rich expats plan to retire in Hong Kong, fuelled by financial perks

Two-thirds of the city’s ultra-rich expatriates wish to retire there because of financial benefits and career boosts, says St James’s Place.

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Banking & finance

Hong Kong assets hit record US$5.38 trillion on renewed China appetite: SFC

Net fund inflows soared nearly 200 per cent, supported by a tech-led stock rally and a 30 per cent rise in capital allocated to the mainland.

People walk through Central district in Hong Kong. Assets and wealth under management in the city have surged to a record high. Photo: Jelly Tse
Millionaires, billionaires and trillionaires

China’s millionaire growth lags the global average. Is the wealth boom over?

Global personal wealth rose at its fastest pace in nearly a decade last year, though China saw only modest gains, according to a new report.

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Residential buildings in Beijing on September 15, 2025. China’s property sector, once accounting for roughly a quarter of the economy, has remained sluggish since late 2020, eroding household wealth. Photo: EPA
Residential buildings in Beijing on September 15, 2025. China’s property sector, once accounting for roughly a quarter of the economy, has remained sluggish since late 2020, eroding household wealth. Photo: EPA
Millionaires, billionaires and trillionaires

What’s powering the rapid rise of Hong Kong’s ultra-wealthy class?

The city’s ultra-wealthy population jumped by more than 26 per cent in 2025 – roughly one super-rich individual for every 412 residents.

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ETFs

Is FOMO driving South Korean investors to Hong Kong to cash in on AI and chips?

Some South Korean retail investors are turning to Hong Kong’s leveraged semiconductor ETFs for higher AI-driven returns.

Wealth management

Hong Kong gazettes tax break for fund manager bonuses to boost wealth hub role

The tax reform bill, which the government expects will attract talent to the city, is set to be read by lawmakers on June 24.

The skyline seen from the Hong Kong Museum of Art. Photo: Elson Li
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