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Wealth management

Pedestrians walk along the promenade near the financial district in Singapore on October 2024. Photo: AFP

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.

25 Nov 2024 - 8:07PMvideocam

Hong Kong’s wealth sector thrives as political uncertainty, geopolitics swirl

22 Nov 2024 - 2:54PMvideocam

Banking & finance

Blackstone to train Hong Kong wealth managers as private assets gain favour

21 Nov 2024 - 1:07PM

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.

17 Nov 2024 - 7:21PM

Hong Kong has been keen to attract family offices of high-net-worth people in recent years. Photo: Dickson Lee

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.

17 Nov 2024 - 11:08PM

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.

19 Nov 2024 - 10:04AM

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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.

18 Nov 2024 - 5:15PM

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’.

8 Nov 2024 - 2:22PM

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.

24 Oct 2024 - 5:30AMvideocam

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.

22 Oct 2024 - 9:30AMvideocam

Illustration: Craig Stephens

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.

21 Oct 2024 - 7:30AM

Hong Kong Island’s central business district, photographed from the Hong Kong Monetary Authority headquarters in the International Finance Centre on October 18, 2024. Photo: Jelly Tse

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.

18 Oct 2024 - 8:15AM

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.

17 Oct 2024 - 7:00PM

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.

17 Oct 2024 - 5:00PM

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

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.

17 Oct 2024 - 1:06PM

Experts say there is plenty of scope for growth in private credit fundraising in Asia-Pacific, with the market surging in recent years and Hong Kong leading the charge. Photo: Shutterstock

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.

17 Oct 2024 - 4:36PM

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.

11 Oct 2024 - 2:30PMvideocam

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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.

11 Oct 2024 - 8:00AMvideocam

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

Government teams with Bloomberg to promote city as family office hub

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

10 Oct 2024 - 11:01AM

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.

9 Oct 2024 - 1:04PM

HSBC sees 6 US rate cuts until June in boon for Hong Kong’s economy

Lower rates will benefit the city’s economic recovery, but there has been no immediate increase in demand for loans, HSBC Hong Kong CEO Luanne Lim says.

7 Oct 2024 - 8:00AM

HSBC was the first bank in Hong Kong to announce a 25-basis-point cut in its prime lending rate and savings deposit rate last month. Photo: Jelly Tse

Middle Eastern investors set to access Hong Kong shares with 2 ETFs

The SFC has noticed that international investors, who previously were underweight on Hong Kong stocks, have now rushed back into the local market.

7 Oct 2024 - 11:23AM

Securities and Futures Commission CEO Julia Leung says the launch of ETFs tracking Hong Kong stocks on the Saudi stock exchange will strengthen ties between the two sides. Photo: Jonathan Wong

Dunhill’s Family Office Network to set up in Hong Kong

The network is considering locations around Asia to set up a social clubhouse to host in-person events for its members, with Hong Kong being a potential location.

6 Oct 2024 - 4:43PM

Insiders say running a Hong Kong family office is a delicate balancing act

‘Emotion stays away from the boardroom. That’s critical,’ says Mahesh Harilela.

4 Oct 2024 - 6:45PM

Hong Kong has to work harder to maintain family office hub status: official

Hong Kong is set to surpass Switzerland as the top cross-border wealth management hub by 2027-28, but must stay competitive, says Joseph Chan.

7 Oct 2024 - 2:06PM

Hong Kong is home to more than 2,700 single-family offices, with more than half of them founded by individuals whose wealth exceeds US$50 million. Photo: Getty Images

Mandatory Provident Fund (MPF)

Retail fund sales surged on interest rate cuts and China market rally: Fidelity

Hong Kong-based Charlotte Chan says sales of retail funds in Hong Kong doubled from a year earlier.

4 Oct 2024 - 7:58AM

Charlotte Chan, the head of Fidelity International’s Hong Kong office. Photo: SCMP/Edmond So

Banking & finance

Hong Kong banks lure mainland clients with special incentives during golden week

Hong Kong banks are pulling out all the stops to attract mainland tourists, offering everything from fireworks dinners to golf with famous players.

2 Oct 2024 - 9:30AM

Banking & finance

Mox Bank expands wealth management amid market bull run

Branchless bank has secured 620,000 customers, representing 10 per cent of the city’s adult population.

30 Sep 2024 - 1:38PM

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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

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