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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.
last updated:
2 October, 2024
Hong Kong’s bustling Central district. Photo: Jelly Tse
Banking & finance

Hong Kong employers seek more relationship managers and data analysts next year

Human resource professionals also say customer due diligence officers are in demand.

Mergers & Acquisitions

MetLife to buy Hong Kong tycoon Richard Li’s PineBridge in asset management push

Banking & finance

Chinese money fuels hiring spree among private banks in Hong Kong

HKEX

HKEX launches fund platform to boost Hong Kong’s appeal as wealth hub

The first phase of the integrated fund platform launched on Friday provides information on more than 2,000 retail funds.

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The HKEX launched the first phase of an electronic platform that provides data on all retail funds in the city on Friday. Photo: Jonathan Wong
India

Surging wealth of India’s billionaires raises concerns about rising inequality

The wealth of billionaires in India has risen to US$905 billion, according to a report by UBS, outpacing the country’s economic growth.

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Banking & finance

Mainland Chinese investors unimpressed with Wealth Management Connect expansion

Restrictive marketing rules and stringent eligibility requirements will continue to deter wealthy Chinese from the scheme, analysts say.

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Banking & finance

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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The Standard Chartered logo on Tower 1 of Marina Bay Financial Centre in Singapore. Photo: Harvey Kong
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.

Banking & finance

Singapore, Hong Kong among top picks in Asia for investment: HSBC

Singapore is the top destination for wealthy entrepreneurs to relocate, while Hong Kong fails to make the top 10.

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China

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
Banking & finance

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.

The Blackstone Group headquarters in New York City, pictured on January 18, 2023. Photo: Reuters
Hong Kong economy

Hong Kong eyes rich Europeans with London, Paris, Milan on family office agenda

Top InvestHK official sets off on week-long trip to Europe to meet family office representatives and speak at finance forum.

Family offices

Hong Kong’s family business event wraps up with talk on US-China ties

The second day of the by-invitation event kicked off with a discussion about opportunities in Asean with Malaysia at the helm.

Insurance

Exclusive | Manulife on track to reach 50% Asia earnings target by 2027

Asia was the largest profit contributor to Canadian insurer in the third quarter, with 44 per cent of the group’s earnings coming from the region.

Manulife completed 25 years of listing in Hong Kong in October. Photo: Shutterstock
Family offices

2024 FBS Summit: Hong Kong event gathers family business owners

More than 100 business owners gathered at the closed-door, principals-only 2024 Family Business Summit in Hong Kong over the weekend.

Catherine So, CEO of South China Morning Post, delivered her welcoming remarks during the opening day of the 2024 Family Office Summit in Hong Kong, on November 16, 2024. Photo: Jelly Tse
Banking & finance

HSBC job losses to begin in weeks amid lender’s sweeping overhaul

The head of HSBC Holdings’ new global wholesale banking unit said the lender aims to wrap up its restructuring ‘very quickly’.

Hong Kong economy

Opinion | Hongkongers should support John Lee’s determination to improve things

The city’s leader has backed his promise to improve the city’s competitiveness and livelihoods with policies to protect prosperity and stability.

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Hong Kong economy

Opinion | As Hong Kong strategises for success, it should celebrate its uniqueness

Being part of ‘one country’ bestows market access and strategic heft but it is the distinctions between the ‘two systems’ that make us competitive.

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Illustration: Craig Stephens
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.

Hong Kong economy

Editorial | Speed of essence in Hong Kong push to be gold, commodities hub

Chief Executive John Lee Ka-chiu has set out several measures aimed at consolidating Hong Kong’s position as an international financial centre.

Wealth Report

Singapore’s Endowus brings AI-based investing to Hong Kong

Hong Kong head Steffanie Yuen worked at Ant Group and Value Partners before meeting Endowus founders Gregory Van and Samuel Rhee.

Head of Endowus HK Steffanie Yuen talks about her company’s commission-free investment platform that uses AI and wealthtech. Photo: Jocelyn Tam
Wealth Report

Why Hong Kong family offices add philanthropy to their investment portfolios

The Doing Good Index 2024 showed Hong Kong family offices lagging behind the Asian average – Kithmina Hewage at the Centre for Asian Philanthropy and Society and Jason Fong at InvestHK discuss the issue.

Family offices in Hong Kong more often need to factor in philanthropy when building portfolios of multi-generational investments - incorporating initiatives such as the environmental work of the city’s Kadoorie Farm and Botanic Garden. Photo: Jonathan Wong
Wealth Report

Private credit fundraising surges in Asia, with Hong Kong leading the charge

Lending from third-party sources is popular in many markets, and now the trend is coming to the region, with Hong Kong leading the charge – HSBC and Baker McKenzie weigh in.

Wealth Report

Keeping it in the family: inside Hong Kong’s booming family office sector

Experts at Deloitte, InvestHK, PwC, accounting firm EY and law firm A&O Shearman on the challenges and opportunities facing single family and multifamily offices.

Philanthropy

Opinion | How trust is redefining philanthropy in Asia

As Asian philanthropic organisations adopt trust-based practices, focusing on three key areas can help them provide a road map for others.

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Filipino volunteers from Church of God International repack relief goods at a government storage facility in Pasay, the Philippines, in 2017. Photo: EPA-EFE
Middle East

Exclusive | Hong Kong market rally ideal for fund managers to tap Middle East, Southeast Asia

With rising turnover on the Hong Kong stock exchange, the timing is right for fund managers to go out to explore new business opportunities, Sam Yu of HKIFA says.

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Sam Yu Chun-Sing, the newly elected chairman of HKIFA is also the head of compliance for Asia-Pacific ex-Japan at Barings Asia. Photo: Sun Yeung
Family offices

Government teams with Bloomberg to promote city as family office hub

The Hong Kong government and Bloomberg will stage events related to family offices.

Banking & finance

Affluent users choose cards for perks like cashback and air miles: Mastercard

Affluent spenders are looking at a number of ways to construct a ‘perfect wallet,’ Mastercard says.

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