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Wealth management

Wealth management
Latest news and features on wealth management, with a particular focus on Hong Kong, mainland China and Asia.
Graduates celebrate at a Tsinghua University commencement ceremony on April 29, 2023 in Beijing. Photo: VCG via Getty Images
Millionaires and billionaires

Singapore’s NUS, China’s Tsinghua among top schools producing rich alumni

US universities dominate a global ranking by Altrata, led by Harvard with 18,000 ultra-rich alumni, or 4 per cent of the global total.

Banking & finance

HSBC’s sweeping revamp leads to surprise Hang Seng Bank lay-offs

Family offices

Why multifamily offices could yield bigger benefits for Hong Kong

Family offices

Trump’s tariffs are driving Asia’s ultra-rich investors away from US assets

About 10 family offices of the ultra-rich told Bloomberg they’re reducing their exposure or freezing investments, mostly in US equities and Treasuries.

A trader on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City on May 6, 2025. Photo: AFP.
Banking & finance

HSBC revamps Hong Kong mobile app to boost user experience, convenience

HSBC has about 6.2 million customers in Hong Kong; its active mobile user base almost doubled between 2020 and 2024.

Banking & finance

Hong Kong’s digital banks seek post-Covid growth in wealth management

Hong Kong’s digital banks plan to expand wealth management businesses as deposits and loans surge.

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Family offices

Hong Kong family offices should unload US assets, look to Japan, UAE, advisory says

Now is a ‘critical moment’ to ‘get rid of the US’, especially equities and Treasuries, to ‘maintain lower risk-return ratios’, CEO says.

Pedestrians cross a street in the Shibuya district of Tokyo on February 27, 2024. Photo: AFP
Banking & finance

HSBC to buy back US$3 billion in stock after quarterly profit beats estimates

HSBC says in a worst-case scenario, it could book an additional bad debt provision to guard against a potential global economic slowdown.

Mandatory Provident Fund (MPF)

UK fund manager Schroders to invest more in Hong Kong, CEO says

‘When we think about where wealth is growing the fastest, it is in Asia,’ Richard Oldfield says.

Insurance

Hong Kong’s 2024 life insurance sales soar 21% to record US$28 billion

Mainland Chinese tourists last year spent HK$62.8 billion (US$8 billion) on life and medical policies, up 6.5 per cent from 2023, according to the Insurance Authority.

Insurance sales agents approach mainland tourists in Canton Road, Tsim Sha Tsui. Photo: Eugene Lee
Banking & finance

China’s wealthy are hoarding cash amid an uncertain economy, survey finds

Chinese high-net-worth investors are wary of taking risks during a period of intense turbulence.

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China’s high-net-worth investors are parking their money in cash and near-cash products amid a period of economic turbulence, according to a new report. Photo: Reuters
Family offices

Exclusive | Hong Kong needs more museums, talent to promote art trading

Hong Kong’s low taxes, proximity to China and an art-storage facility at the airport can attract family offices to dabble in art trading.

Food and agriculture

Smell of success: fresh Malaysian durians are taking bite out of China’s market

While Thailand dominates durian sales in China, sales of the Malaysian fruit have grown tenfold from last year, industry insiders say.

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Family offices

‘Your capital is safe’ in Hong Kong, financial secretary reassures family offices

The China-US tariff war underscores Hong Kong’s soundness as a stable destination for wealthy families’ investments, Paul Chan says.

Financial Secretary Paul Chan Mo-po speaks at the Deutsche Bank Emerging Markets Family Office Forum in Hong Kong on April 16, 2025. Photo: Handout
Banking & finance

Wealthy investors look to Europe, Asia amid US tariff risks: Deutsche Bank

Conversations around diversification and hedging have grown since US tariffs became a reality, Deutsche Bank executive says.

Marco Pagliara, Deutsche Bank’s head of private banking for emerging markets, at the Rosewood Hotel in Tsim Sha Tsui on Tuesday. Photo: May Tse
Banking & finance

Exclusive | HSBC to offer anti-ageing treatments, medical check-ups at Hong Kong wealth hub

The wealth centre, which will open in the second half, is aimed at the growing silver economy, HSBC Life’s Daisy Tsang says.

Banking & finance

Hong Kong’s finance sector embraces GenAI, with adoption to reach 90% in 5 years

GenAI applications have the potential to lead to a more curated customer experience, Academy of Finance CEO Enoch Fung says.

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Banking & finance

Resist ‘buying the dip’, Citi bankers caution amid global sell-off

While a bear market rally can occur, it will not last and it is too early to buy the dip, according to strategists at BCA Research.

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Andy Sieg, head of wealth at Citigroup, says there is a flight to quality at moments of market stress. Photo: Sun Yeung
Banking & finance

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

Bank’s private-wealth division helps clients navigate ‘high degree of complexity’ in the world’s second-largest art market.

Banking & finance

Exclusive | Sun Life sees Hong Kong as ‘most important’ market in Asia for life insurers

New insurance premiums rose 330 per cent between 2019 and 2024, lifting Sun Life’s ranking to fifth from 12th, according to company data.

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Family offices

Exclusive | Hong Kong’s soon-to-open art-storage facility is an incentive for family offices

The complex at Skytopia airport city will be ready this year or early next year and enhance Hong Kong’s role as an art-trading centre.

Jason Fong, global head of family office at InvestHK, the airport art-storage facility will nhance Hong Kong’s role as an art-trading centre. Photo: Jonathan Wong
Fintech

Hong Kong online broker Futu launches DeepSeek-powered tools

Firm joins around 20 Chinese brokers and fund managers, including Sinolink Securities and CICC Wealth Management, in embracing DeepSeek.

A Futu Securities branch in Causeway Bay, Hong Kong, is pictured on October 18, 2024. Photo: Jonathan Wong
Mandatory Provident Fund (MPF)

Hong Kong’s MPF gains US$4.5 billion in first quarter due to market rally

Hong Kong and China equities led all asset classes in the first quarter, while US equities slumped, according to MPF Ratings.

Banking & finance

HSBC bets big on Hong Kong to tap Asia’s wealth-management boom: Elhedery

HSBC’s customers base increased to 6.2 million last year from 5.4 million, showing the importance of the city, Elhedery says.

Banking & finance

Top US money managers stay upbeat on Chinese stocks amid AI, biotech boom

Templeton, Janus Henderson and Wellington Management see potential in stocks amid China’s pursuit of tech excellence.

From left: Lavanya Chari, global head of wealth and premier solutions of HSBC, Ali Dibadj, CEO of Janus Henderson Investors, Jean Hynes, CEO of Wellington Management and Jenny Johnson, CEO of Franklin Templeton. Photo: Handout
Banking & finance

Investors bank on more AI-driven stock upside in Hong Kong, Singapore, US: HSBC

Nearly 40 per cent believed AI was an ‘overhyped profit driver’, according to HSBC’s survey of high-net-worth investors.

HSBC holds its second Global Investment Summit in Hong Kong this week. Photo: Handout
Family offices

More measures on the way to attract family offices to Hong Kong, Paul Chan says

More exemptions for funds and enhanced concessions for family offices to make city appealing for wealthy investors to manage their fortunes.

Banking & finance

Hong Kong deepens push into AI, tech to boost its edge over Singapore: Paul Chan

Artificial intelligence is the future, as it has the potential to boost Hong Kong’s competitiveness, financial secretary says.

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