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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.
The Prudential logo is displayed on Star House in Tsim Sha Tsui, Hong Kong. Photo: Handout
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

China's tech billionaires

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

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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.

HSBC headquarters in Central. Photo: Sun Yeung
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.

Gold in Hong Kong

HK’s gold imports set to rise after hitting 11-year high last month: analysts

Investor appetite, international precious metals trading hub ambitions drive growth as imports hit highest volume since late 2014.

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Banking & finance

Standard Chartered posts 10% profit rise, launches US$1b buy-back

Share price surges on 38 per cent rise in wealth-management revenue, even as Middle East tensions and bad debt temper profit growth.

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Net profit climbed to a record US$3.37 billion, according to Standard Chartered. Photo: Reuters
Banking & finance

HSBC to relocate senior executive to Hong Kong amid pivot to Asia: sources

Aileen Taylor is set to move to the city as the bank focuses on tapping Asian growth markets and rebuilding its local investment banking team.

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Insurance

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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Elon Musk, CEO of Tesla, SpaceX, X, and xAI, became a trillionaire after SpaceX’s record US$75 billion initial public offering in June. Photo: DPA
Mainland China

China targets offshore trusts – including Hong Kong’s – amid tax overhaul

Beijing’s new tax rules aim to close loopholes and boost fiscal revenue amid slowing economic growth and rising fiscal burdens.

The late Zong Qinghou, billionaire founder of soft-drink giant Wahaha Group, pictured in 2017. An inheritance dispute within his family has shed light on the wealth tycoons transfer to overseas accounts. Photo: Getty Images
Banking & finance

Shifting priorities: how affluent buyers fuel Hong Kong’s record insurance sales

Mainland China and overseas wealth, alongside family offices, is driving insurance demand in the city to new highs.

Banking & finance

HSBC agrees to US$2 billion deal to sell Singapore insurance branch to Allianz

Allianz is set to buy the bank’s Singapore insurance arm, entering a 15-year distribution pact as HSBC streamlines its global operations.

Money Matters

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
ETFs

What MPF’s 4.8m members could gain if rules are eased for Hong Kong-listed ETFs

Relaxing rules to widen ETF access will deliver stable returns at low cost while boosting local markets, chamber says.

The MPFA is being urged to consider following the Australian pension model, which allows members to directly invest part of their pension money in assets of their choice and not just designated MPF funds. Photo: Jelly Tse
Family offices

Wealthy European clients eye Hong Kong for family offices, says BNP Paribas

France’s largest bank reports a surge in two-way wealth flows through Hong Kong, as affluent mainland investors also leverage the city to acquire European assets.

Banking & finance

China speeds up new overseas quotas to expand global reach of domestic investors

Move to expand QDII quotas signals a deeper opening of China’s markets and growing appetite for global assets.

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Commodities

China’s resources deals turn gold mines into – gold mines

Chinese gold producers, after a buying spree for mines abroad, are cashing in as the metal’s price goes sky-high.

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Gold prices remain highly elevated despite a recent sell-off, boosting the earnings of Chinese gold mining firms. Photo: AFP
Banking & finance

How AI and chip boom is propelling Hong Kong’s ETP market to new heights

Hong Kong is already the world’s fourth-largest market for exchange-traded products, and the rapid growth in trading is set to continue, director says.

Hong Kong economy

Opinion | Connect scheme for gold shines light on China’s financial liberalisation

The Connect model has evolved from isolated reforms into a blueprint for China’s financial opening up, with Hong Kong as the bridgehead.

IPO

Comeback path: what Hong Kong needs to reclaim IPO crown, think tank says

City can regain ground by attracting new economy companies and issuers from across Asean, Middle East and Europe, FSDC says.

The Exchange Square in Central, Hong Kong. Photo: Jelly Tse
Food and Drinks

Heritage brands in Hong Kong innovate to thrive in challenging times

From charcoal-roasted goose to toys to construction, owners of venerated local businesses explain their stewardship strategies.

(L to R) Ivan Ting, executive director of Kader Holdings; Yvonne Kam, owner of Yung Kee Restaurant and Derrick Pang, CEO of Asia Allied Infrastructure, pictured in Central on July 13. Photo: Edmond So
Good Schools Guide

Hong Kong’s Gen Alpha is learning about managing money

Financial literacy is being shaped at home, in classrooms and through gamified tools in a bid to help children make smarter money choices.

Hong Kong

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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Hong Kong economy

Opinion | A Trump visit to Hong Kong would be a strategic masterstroke

The city should seize the opportunity offered by warming US-China ties and the coming Apec summit to burnish its global prominence.

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Illustration: Craig Stephens
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
Athletes

Former NBA player Yao Ming on legacy and life lessons – interview

Once a player with the Houston Rockets in the NBA, now he has his non-profit Yao Foundation and was recently in Hong Kong to speak at HSBC Life’s Legacy Continuum Summit.

Futu

China closes another offshore investing loophole as TRS faces restrictions

Brokerages told to halt expansion of offshore-linked TRS portfolios as Beijing tightens oversight of cross-border investing channels.

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