TOPIC

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
Office buildings in Central businees district. Photo: Edmond So
Banking & finance

Hong Kong gets 41% more Chinese, foreign firms with record investments

More companies set up their operations in the city last year, taking non-Hong Kong company registrations to record-high.

Insurance

Hong Kong life insurance bonanza driven by local buying; overseas buyers rise

Banking & finance

Hong Kong gets a boost as 3 global hedge funds open offices, recruit staff

Hong Kong economy

Letters | How to get more growth from Hong Kong’s investment residency scheme

Readers discuss mandatory capital allocations, lung cancer treatment, the HK$2 fare for seniors, and the authenticity of products.

A view of the Hong Kong skyline from the Tsim Sha Tsui promenade on November 26. Photo: AFP
Family offices

Low taxes, currency peg are keys to lure more family offices, investors say

To avoid reducing its appeal for wealthy families, Hong Kong will need to look at ways other than higher taxes to trim budget shortfalls, Bonds Group says.

videocam
Banking & finance

Cross-border retirement plans could give Hongkongers cheaper healthcare: experts

Hong Kong has an ageing population, a low birth rate and many retirees are financially unprepared for the future, experts say.

Advertisement
Advertisement
Advertisement
Banking & finance

How to talk to your family about inheritance – 3 essential tips

It may be an awkward conversation but a crucial one so that conflict can be avoided, your heirs’ expectations aligned, and well-being boosted.

Communication with your heirs is paramount when it comes to family inheritances. Photo: Shutterstock
John Lee

Hong Kong to power growth by boosting strengths, gold trading: John Lee

City leader also says Hong Kong will enhance global ties to bring in more investment.

Banking & finance

Singapore fund Paragon opens Hong Kong office to reach more wealthy clients

Fund manager sees Hong Kong as an ideal wealth management hub to reach more wealthy clients in the Greater China region.

Hong Kong economy

Hong Kong to ease asset requirements in cash-for-residency scheme

Changes also aimed at bolstering city’s status as family office hub, but questions remain over whether Hong Kong can lure business away from Singapore.

6
Hong Kong is seeking to become a hub for family offices. Photo: K. Y. Cheng
Mandatory Provident Fund (MPF)

Hong Kong’s 2024 pension gained 13% at best pace in 4 years

The increase of HK$102.4 billion (US$13 billion) works out to HK$21,500 per member, says MPF Ratings.

Pedestrians cross a street in Central on August 15, 2024. Photo: May Tse
SFC

Funds eye more inflows after Beijing’s changes to mutual fund recognition plan

Changes to the Mutual Fund Recognition will expand the scale of products for investors, thus reinvigorating the scheme: HKIFA.

videocam
Family offices

Family offices to favour Taiwan, India and US in 2025; may boost China exposure

UBS says wealthy clients have their eyes on China markets due to stimulus measures.

Family offices

Bankers say new tax concessions to boost Hong Kong’s status as family office hub

UBS, JPMorgan and BNP Paribas among key players seeking to attract family offices.

Hong Kong is a good base for family offices because of its proximity to mainland China, according to analysts. Photo: Nora Tam
Hong Kong economy

Editorial | Hong Kong should aim to attract wealth from around the world

Examples such as Zhang Yiming show Hong Kong is a magnet for wealthy entrepreneurs to set up family offices and asset management firms.

ByteDance founder Zhang Yiming has been granted a special licence by Hong Kong regulators to operate a private investment fund to conduct asset management. Photo: AP
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

New York-based insurer’s arm will pay US$800 million for PineBridge, which manages about US$100 billion in assets.

Advertisement
Advertisement
Advertisement
Banking & finance

Chinese money fuels hiring spree among private banks in Hong Kong

Wealth managers like UBS, Bank of Singapore and Julius Baer are expanding teams to cater to surging mainland Chinese money.

Private wealth managers are on a hiring spree in Hong Kong to cater to wealthy mainland Chinese clients. Photo: Sam Tsang
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.

videocam
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.

videocam
5
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.

An aerial photo taken on November 25, 2023 shows a night view of the Zhujiang New Town in Guangzhou, in south China’s Guangdong Province. Photo: Xinhua
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.

videocam
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.

videocam
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.

videocam
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.

Advertisement
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
loading