wealth management Tag

11 Apr China’s young ultra-rich seen reshaping wealth management, art collection and luxury spending: HSBC summit speakers

Posted at 05:56h in Asia

China’s young, tech-savvy, ultra-rich cohort is shaping the wealth management and luxury spending industries, including art collecting, according to experts at a conference in Hong Kong.“The asset management landscape in Asia is undergoing significant transformations due to changing demographics and digitisation,” said Chen Ding, the...

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03 Apr HSBC said to explore sale of some German units in further exit from Europe to focus on Asia

Posted at 04:34h in Asia

HSBC Holdings is exploring the sale of various business units in Germany including its wealth-management, custody and fund administration units, according to people familiar with the matter.The London and Hong Kong-listed lender is working with advisers on a review, they said, asking not to be...

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02 Apr Exclusive | UBS sees Asia as its future growth engine after Credit Suisse merger boosted its regional footprint, CEO says

Posted at 00:30h in Asia

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...

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01 Apr Liechtenstein royal family-backed banking and asset management firm LGT says private equity has ‘good future’ in China

Posted at 07:00h in Asia

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...

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27 Mar Hong Kong must continue to promote itself to attract international listings, capital and investors, Paul Chan and Bonnie Chan tell forum

Posted at 11:32h in Asia

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...

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25 Mar Exclusive | Hong Kong’s family office hub ambitions spawn private banking opportunities: Citigroup

Posted at 00:30h in Asia

China’s ultra rich are flocking to Hong Kong as it reaffirms its position as a wealth management and family office hub for Asia, offering significant private banking opportunities, according to top executives at Citigroup.Half of the family offices served by the banking giant are going...

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18 Mar Hong Kong’s family offices are thriving as study shows growing interest, with Dubai royal the newest entrant

Posted at 11:40h in Asia

The number of family offices in Hong Kong may have exceeded those established in major financial centres in the region, according to a government study, as the city’s efforts in the past year to lure foreign capital started to show results.The Asian financial hub had...

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13 Mar Exclusive | JPMorgan’s faith in Hong Kong as financial hub as strong as ever a century on, COO Daniel Pinto says

Posted at 22:00h in Asia

“We will continue to do the business that we are doing and continue growing,” said the bank’s president and chief operating officer Daniel Pinto during an interview in Hong Kong. “We are not the type of company that is going to go fully in one...

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08 Mar Private credit funds appeal to Hong Kong family offices, wealthy investors as returns sizzle amid market challenges

Posted at 05:04h in Asia

A few years ago, 16 Hong Kong family offices contributed US$50 million to the initial capital of a private credit fund established by Chicago-based Adams Street Partners. Since then, the fund has grown manifold with additional capital from new investors.It showcases the appeal of such...

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07 Mar ‘Seeing is believing’: Hong Kong launches ‘Financial Mega Event Week’ in major push to attract more foreign investors, business travellers

Posted at 13:39h in Asia

Apart from showing Hong Kong’s charm and dynamism to financial industry heavyweights, Chan said the events are also expected to bring high-spending business travellers to the city, giving a boost to the local retail and catering sectors.From left right: Poman Lo, founder of the Institute...

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