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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.
China’s National Development and Reform Commission has released a draft revision of measures governing outbound investment. Photo: Shutterstock
Chinese offshore investment

China targets offshore workarounds in new rules for individual investors

Newly drafted rules would expand oversight of direct offshore investments, with more reporting requirements but limited changes for market-linked schemes.

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Hong Kong

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

Stocks

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

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Singapore

Singapore’s carrots for fund managers set to sharpen competition with Hong Kong

Apart from a tax exemption for investment profits, Singapore plans to relax a visa rule for fund management professionals.

A woman walks past the financial business district in Singapore. Photo: AFP
Banking & finance

Ping An eyes Hong Kong ETFs after nod on cross-border investment

China’s largest insurer downplays tax changes, shares positive outlook after reporting 36 per cent profit growth.

State Administration of Foreign Exchange (China)

Guotai Haitong unit handed US$7.8m penalty over QDII breaches

The violations involved several QDII products offered between 2019 and 2022, which have ‘since been rectified’, Guotai Haitong said.

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Banking & finance

Hong Kong financiers press for tax breaks after Singapore’s challenge

Lawmakers should hurry to approve proposed law or risk losing edge to Singapore in attracting asset managers, industry players say.

Singapore's monetary authority and finance ministry have announced measures including a tax exemption for investment profits. Photo: Shutterstock
Insurance

Chinese insurer Ping An’s profit rises 36% on policy sales, investments

Earnings beat analysts’ estimates, with performance mainly driven by increase of new life policies and investment gains.

Hong Kong property

Prudential Hong Kong expands headquarters across Swire Properties’ towers

Company boosts office footprint despite insurance sector’s concerns over China’s tax clampdown.

Global minimum tax

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.

People walk past buildings in Central, Hong Kong. Photo: Sun Yeung
China economy

In Focus | A matter of trust: China’s wealthy grapple with new offshore asset tax rules

Once a reliable vehicle for tax avoidance, offshore trusts are being reconsidered as enforcement bodies step up their efforts, backed by new regulations.

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Illustration: Lau Ka-kuen
Banking & finance

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.

Banking & finance

Reduce your exposure to US assets before they lose value, Swiss bank warns

Swiss private bank says structurally high inflation and government deficits will erode value of US dollar and Treasuries over the next decade.

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Insurance

Hong Kong insurers to weather Beijing’s tax shift with 8-10% premium growth: S&P

Credit-rating agency says heightened scrutiny likely to create compliance hurdles, not destroy demand.

Insurance sales agents approach passers-by on Canton Road in Tsim Sha Tsui, Hong Kong. Photo: Eugene Lee
Insurance

Exclusive | Hong Kong to reappoint insurance regulator as industry braces for tough period

Insurance Authority CEO Clement Cheung will be reappointed on Friday to help industry navigate Beijing’s tax clampdown, sources said.

Insurance Authority CEO Clement Cheung. Photo: Handout
Chinese offshore investment

Opinion | Beijing’s offshore insurance tax tests Hong Kong wealth management

While markets initially fell, more transparent cross-border oversight could strengthen the city’s credibility as a wealth management centre.

Banking & finance

Fubon Bank’s Hong Kong subsidiary opens first mainland China branch in Shenzhen

The branch is set to focus on specialised cross-border financing for tech corporations targeting overseas expansion.

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Insurance

HSBC reshuffles insurance division after CEO’s surprise departure: internal memo

Two Asia-based executives will replace outgoing global insurance CEO Edward Moncreiffe, who has resigned, according to a company document.

A view of the HSBC Building in Central, Hong Kong. Photo: Karma Lo
Hong Kong property

Hong Kong property recovery faces new risk as Beijing widens offshore tax net

Potential taxation of offshore property income could curb mainland demand, while weaker insurance activity hits decentralised office markets.

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Hong Kong property

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.

China stock market

Gold breakout rally sends Chinese bullion stocks near record highs

Sovereign-debt risks and reserve diversification seen helping revive investor optimism in the precious-metals market.

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The price of gold rose 1.3 per cent to US$4,479 an ounce on Tuesday. Photo: Shutterstock
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
Property investment

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.

Hong Kong stock market

As Hong Kong shares react to 20% levy report, investors eye Beijing’s next steps

Prudential, AIA and HSBC slid following report of the insurance levy, though Goldman Sachs says profit fallout may be limited.

Banking & finance

China’s foreign reserves hold steady as external earnings stay in private hands

Hong Kong absorbed nearly two-thirds of mainland China’s portfolio outflows last year and now holds about half of the total external stock, IIF says.

China’s banks, companies and investors operating outside the central bank’s reserve holdings became net creditors in their own right at the end of 2025, according to the Institution of International Finance. Photo: Shutterstock
China's tech billionaires

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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Pan Shiyi, who lives in New York, is one of China’s most closely followed entrepreneurs. Photo: Dickson Lee.
Banking & finance

HSBC share price drops following lower-than-expected US$1 billion buy-back

The buy-back was announced after HSBC’s second-quarter pre-tax profit rose 60 per cent to US$10.15 billion, beating analysts’ estimate of US$9.5 billion.

Banking & finance

Cross-border investment still ‘robust’ despite China’s growing controls: CICC

Beijing’s tightening scrutiny of overseas trading has not significantly harmed ‘legitimate’ cross-border investment flows, lender says.

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