As of the end of last year, UBS had attracted a net US$77 billion of new money globally since the two banks officially merged on June 12. That was much higher than the first five months of 2023, when Credit Suisse saw an outflow of...
LGT Group, the world’s largest royal family-owned private banking and asset management group, sees private equity continuing to be attractive to high-net-worth clients, especially in China, where the public market has tumbled.While the value of private-equity deals in China dropped 58 per cent last year...
Avant Meats, a cultivated seafood company that started life in Hong Kong, is planning a 30-fold expansion in its capacity to make sustainable seafood for global markets after positive response from consumers at a recent tasting event.Global fishing practices have resulted in nearly 90 per...
Chinese stocks rose, on track for a second straight month of gains, led by state-owned banks which rose on steady earnings reports. Investors remain watchful ahead of official PMI data due this weekend, which is expected to show manufacturing activity improved after contracting for five...
The world is just beginning to see the worst impacts of climate change, and world leaders must put aside their distrust and geopolitical tensions to move “as fast as we can” to deliver on their decarbonisation commitments and prevent irreversible damage to the planet, one...
The government and HKEX have been promoting the unique features of the city’s capital market to Middle Eastern and Asean countries since last year, and such efforts will continue, he added.“We are diversifying our sources for new listed companies, as well as the sources for...
A paradigm shift in the lifestyle and investment strategies of ultra-high-net-worth (UHNW) individuals has led to a growing interest in the acquisition of luxury assets, such as superyachts, private jets and highly collectible art.These assets, while generally recognised as valuable holdings, do not typically generate...
Private equity giants operating in Asia are confident in their core business, but they are eyeing alternative assets such as private credit and infrastructure to generate better returns.As total deal value and fundraising in the Asia-Pacific private equity market slumped to the lowest in a...
“Amid a series of ‘black swan’ events, we have engaged with many families intent on future-proofing their financial assets and family legacies,” says Henry Lam, regional head of wealth planning and advisory, Asia-Pacific, HSBC Global Private Banking, citing broad estimates of trillions of dollars set...
Asked the question of how he would spend HK$8 million (about US$1 million), tech entrepreneur Yat Siu says he would invest in alternative assets such as non-fungible tokens (NFTs) – digital assets that exist on the internet, such as videos, artworks or photos, that have...