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Pedestrians walk past a Hang Seng Bank branch in the Central district of Hong Kong. Photo: Jelly Tse
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.

Wealth management

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

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Wealth management

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

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.

The percentage of Hongkongers expecting to work past retirement age is higher than in Singapore and mainland China, but lower than in Japan. Photo: Karma Lo
The percentage of Hongkongers expecting to work past retirement age is higher than in Singapore and mainland China, but lower than in Japan. Photo: Karma Lo
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.

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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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.

The skyline of Beijing on January 7. Photo: AFP
The skyline of Beijing on January 7. Photo: AFP
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.

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
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.

Hong Kong has become the world’s largest offshore wealth management hub. Photo: SCMP/Sam Tsang
Hong Kong has become the world’s largest offshore wealth management hub. Photo: SCMP/Sam Tsang
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.

15
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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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.

Bull statues near screens showing the Hang Seng stock index and stock prices outside Exchange Square, in Hong Kong, February 3, 2026. Photo: Reuters
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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Two-thirds of Hong Kong's ultra-rich expatriates said they plan to retire in the city due to strong financial benefits and boosts to their careers, according to a survey by St James's Place. Photo: Sun Yeung
Two-thirds of Hong Kong's ultra-rich expatriates said they plan to retire in the city due to strong financial benefits and boosts to their careers, according to a survey by St James's Place. Photo: Sun Yeung
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.

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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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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Hong Kong has nearly 18,300 ultra-high-net-worth individuals, defined as those with net assets exceeding US$30 million. Photo: Karma Lo
Hong Kong has nearly 18,300 ultra-high-net-worth individuals, defined as those with net assets exceeding US$30 million. Photo: Karma Lo
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.

Hong Kong property

US fintech firm iCapital doubles prime office space in Hong Kong

Company leases a 9,000 sq ft space in One IFC in Central, with an eye towards doubling its staff amid rising demand for wealth services.

A general view of Central district and Victoria Harbour waterfront. 06OCT23 SCMP/Edmond So
Wealth management

International firms bet big on Hong Kong’s US$2.95 trillion wealth hub status

City’s offshore wealth market is thriving as AXA and Standard Chartered target high-net-worth clients despite regulatory tightening.

Sally Wan, CEO of AXA Greater China, said the insurer is targeting high-net-worth clients. Photo: Edmond So
Sally Wan, CEO of AXA Greater China, said the insurer is targeting high-net-worth clients. Photo: Edmond So
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.

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Wealth management

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

Chocolate Finance joins Syfe and Endowus in targeting the city’s wealthy population and idle savings.

Family offices

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

Conflict prompts rich investors to diversify, boosting Hong Kong’s role as a hub for family offices and private banking.

Hong Kong was the world’s top initial public offering market in the first quarter, after reclaiming the title last year for the first time since 2019. Photo: Dickson Lee
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