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A golden seal from Korea’s Goguryeo era which sold for HK$10.8 million (US$1.39 million), more than nine times its lower pre-sale estimate, at a China Guardian Hong Kong auction. Photo: courtesy of China Guardian
Art

Korean golden seal smashes presale estimate, sells for US$13.9 million

Record-setting price paid for seal given by China’s Jin dynasty to a nobleman of Korea’s Goguryeo kingdom in China Guardian’s Hong Kong sale.

Banking & finance

Exclusive | Goldman Sachs brings art advisory service to Asia’s ultra-rich

Banking & finance

HSBC shareholders buzz about freebies, have fewer dividend gripes

Banking & finance

Exclusive | Hong Kong must capitalise on DeepSeek to lure global, Chinese funds: HSBC

Hong Kong’s stock market has a lot of room to expand as many companies are planning IPOs, HSBC’s Asia and Middle East co-CEO David Liao says.

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David Liao, HSBC’s co-CEO for Asia and the Middle East, pictured at HSBC headquarters in Central on March 19, 2025. Photo: Jonathan Wong
David Liao, HSBC’s co-CEO for Asia and the Middle East, pictured at HSBC headquarters in Central on March 19, 2025. Photo: Jonathan Wong
Banking & finance

Exclusive | Chelsea owner Todd Boehly eyes Hong Kong and Macau for new ventures

The American tycoon spots potential for fintech, sports and entertainment expansion in Hong Kong and Macau.

Banking & finance

StanChart eyes 5 wealth hubs in Hong Kong to appeal to ‘new money’

The next wealth management centre will open in Central later this year, while the bank scouts for new locations in the city.

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Family offices

It’s a family affair: inside Hong Kong’s quest to lure world’s wealthiest clans

Two years ago, the government unveiled eight measures with the aim of attracting affluent families so they could set up family offices.

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Illustration: Henry Wong
Illustration: Henry Wong
Banking & finance

Hong Kong widens lead over Singapore as Asia’s top financial centre: report

Nine of the top 20 global centres maintained their ranking, suggesting confidence in the financial sector amid slow economic growth.

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Wealth management

Hong Kong finance chief sees US$20 billion of IPOs this year on tech optimism

Companies could raise between US$17 billion and US$20 billion this year, Paul Chan tells tech forum.

Banking & finance

Crypto derivatives missing from Hong Kong’s virtual-asset push, Deribit says

Dubai-based exchange aims to expand in the city as the regulator is set to consider letting professional investors trade crypto derivatives.

A shop advertises cryptocurrency education in Tsim Sha Tsui on July 7, 2023. Photo: Xiaomei Chen
Banking & finance

Hong Kong to enhance markets, gateway role in trade, officials pledge

City aims to capitalise on emerging trade corridors and be gateway to mainland China, say treasury and central bank chiefs.

A view of a pedestrian crossing in Central on October 4, 2024. Photo: Dickson Lee
A view of a pedestrian crossing in Central on October 4, 2024. Photo: Dickson Lee
Family offices

Exclusive | For Hong Kong, family offices and IPOs are major growth engines: Deloitte

Hong Kong is particularly appealing to wealthy families from mainland China and Southeast Asia to set up family offices, Dennis Chow says.

Banking & finance

Asian investors play big role in megafund focused on secondary PE market

Investors are paying more attention to secondary PE market amid global volatility and liquidity crunches.

Banking & finance

Middle East funds drive 21% surge in sovereign investments in China

US$10.3 billion from state-owned investors flowed into China last year, 62 per cent of it from Persian Gulf nations, says Global SWF.

People visit the Yuyuan Garden Lantern Festival at Yuyuan Garden Mall in Shanghai on January 1, 2025. Photo: Xinhua
Hong Kong property

Hong Kong’s wealthy lose billions as they succumb to slumping home values

Tycoons like Chen Zhuolin, Hui Ka-yan and the Ho Shung-pun family sold homes and offices at significant losses, reflecting the broader market slump.

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Houses on The Peak, Hong Kong’s most desired residential address. Photo: Roy Issa
Houses on The Peak, Hong Kong’s most desired residential address. Photo: Roy Issa
Wealth management

StanChart to hire more wealth managers in Hong Kong, Singapore by 2028

The UK lender is banking on winning new clients with more than US$10 million of assets in target markets.

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Banking & finance

Hongkongers break savings record for second year amid shaky economy

Average monthly savings increased by 9 per cent to US$1,256 this year, Deposit Protection Board survey finds.

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Wealth management

Hong Kong’s wealth sector thrives as political uncertainty, geopolitics swirl

The Capital Investment Entrant Scheme, launched in March, has brought in more than HK$20 billion from 670 applications, Paul Chan says.

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Net inflows into wealth management products offered in Hong Kong nearly tripled to HK$341 billion in 2023, from a year earlier. Photo: Eugene Lee
Net inflows into wealth management products offered in Hong Kong nearly tripled to HK$341 billion in 2023, from a year earlier. Photo: Eugene Lee
Wealth management

Blackstone to train Hong Kong wealth managers as private assets gain favour

Alternative asset manager launches Blackstone University programme along with Private Wealth Management Association.

Family offices

Exclusive | China’s ‘long-term growth story’ draws European family offices to Hong Kong

Wealthy European families approve of Hong Kong’s family office-friendly policies, says wealth-management CEO of French bank BNP Paribas.

Banking & finance

Asia-Pacific family offices show ‘bullishness’ in equities, bonds: Citigroup

Some 68 per cent of respondents in Asia-Pacific raised their allocations to stocks, highest among all regions.

Skyscrapers stand over Hong Kong’s financial district. Photo: Shutterstock
Banking & finance

Hong Kong campaign to woo family offices gathers steam, summit attendance shows

Summit draws 150 attendees as city continues effort to build talent ecosystem and cement status as Asia’s family-office hub.

Financial Secretary Paul Chan speaks at the Hong Kong Academy for Wealth Legacy Summit on September 13, 2024 in Hong Kong. Photo: Handout
Financial Secretary Paul Chan speaks at the Hong Kong Academy for Wealth Legacy Summit on September 13, 2024 in Hong Kong. Photo: Handout
Banking & finance

JPMorgan names new Hong Kong CEO; bank eyes ultra-rich market growth

Kwang, who will remain as the chair of North Asia, will report to Sjoerd Leenart, the Asia-Pacific CEO.

Banking & finance

More ultra-rich Chinese borrow against stocks amid liquidity crunch

With Fed easing imminent, ‘clients are once again comfortable using their stocks as collateral for project funding’, HSBC executive says.

Millionaires and billionaires

China, Hong Kong pools of ultra-rich shrink, Asia’s wealth engine cools: Altrata

The number of ultra-wealthy individuals in China fell for the second straight year in 2023 as a sluggish economy and a deepening real-estate downturn took their toll.

Silhouette of a businessman sitting on a chair and holding a cigar, overlooking the city of Hong Kong. The city recorded a dip in its population of wealthy citizens, according to a report by Altrata. Photo: Shutterstock
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