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Wealth

A man walks past the logo of the Swiss bank Julius Baer group at the company’s headquarters in Zurich. Photo: AFP
Wealth management

Survey finds 66% of ultra-rich’s young heirs not ready to take over

World’s wealthy worry more about handing over the family firm than political uncertainty, while China, UK step up plans to tax the affluent.

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Wealth management

Hong Kong emerges as third best philanthropy hub, behind New York, Seoul: study

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Mergers & Acquisitions

Li Ka-shing empire expands oil interests, turning heads in market

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US-China relations

Why ‘glass king’ says companies cannot just copy-paste China model overseas

Fuyao Glass founder Cao Dewang urges Chinese companies expanding abroad to respect local laws, culture and workers.

"When I go to America, I use American people and American resources," says Cao Dewang. Photo: Getty Images
"When I go to America, I use American people and American resources," says Cao Dewang. Photo: Getty Images
Wealth management

Former HSBC executive launches wealth platform powered by team of AI agents

Veteran banker says start-up aims to help ‘mass affluent’ investors manage portfolios, monitor risks and spot opportunities proactively.

Wealth management

How Gen Z collectors helped power global art market back to growth

Young wealthy collectors emerge as the top spenders, while mainland China and Hong Kong remain key hubs, report says.

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Wealth management

How Hong Kong stacks up against Singapore in race for next-generation wealth

Younger wealth holders increasingly global, prioritising lifestyle, wellness and values when choosing where to live and invest, Savills says.

Hong Kong offers low taxation, financial sophistication, safety and connectivity, according to Savills. Photo: Dickson Lee
Hong Kong offers low taxation, financial sophistication, safety and connectivity, according to Savills. Photo: Dickson Lee
Wealth management

Hong Kong banks set lures for golden week visitors despite new levies

Lenders are confident the mainland-related wealth business will remain a pillar for the industry regardless of Beijing’s tax crackdown.

Banking & finance

Some family offices eyeing Chinese investments as US-China tensions ease: report

European, Middle Eastern and African family offices are increasing their exposure to China as they diversify their portfolios, report finds.

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Wealth management

In Focus | Why shifting assets won’t save New York’s rich Chinese from Beijing tax rules

With the 90-day grace period soon to run out, some ultra-wealthy living outside mainland China face complicated tax liability questions.

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Illustration: Lau Ka-kuen
Wealth management

China’s young investors embrace risk. Why are their portfolios so safe?

Despite high risk tolerance, millennials and Gen Z invest in safer assets due to a combination of factors, a study shows.

Some 72 per cent of Chinese respondents held cash or cash equivalents and 62 per cent owned bank or trust wealth-management products, the survey found. Photo: AFP
Some 72 per cent of Chinese respondents held cash or cash equivalents and 62 per cent owned bank or trust wealth-management products, the survey found. Photo: AFP
Wealth management

HKU Business School launches academy to train wealth management talent

Cross-border wealth in Hong Kong reached US$2.95 trillion in 2025, compared with Switzerland’s US$2.94 trillion, according to BCG.

China property

Rich Dad, Poor Dad author’s vast debts spark awe – and some anger – in China

Robert Kiyosaki’s claim to be US$1.2 billion in debt has sparked heated debate in China, where property investors have suffered steep losses.

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Insurance

Prudential’s new business profit growth slows, US$300m share buy-back announced

New business profit increases 8 per cent to US$1.38 billion in first half as market braces for potential fall in number of mainland visitors.

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A banner featuring the Prudential logo atop a building in Tsim Sea Tsui, Hong Kong. Photo: Handout
Wealth management

Hang Seng Bank grows wealth network despite Beijing’s tighter capital scrutiny

Hong Kong lender says it is expanding its workforce to capture rising demand from high-net-worth clients.

Pedestrians walk past a Hang Seng Bank branch in the Central district of Hong Kong. Photo: Jelly Tse
Pedestrians walk past a Hang Seng Bank branch in the Central district of Hong Kong. Photo: Jelly Tse
Wealth management

Investment market volatility is ‘here to stay’ unless global recession strikes

Rich investors put on notice as AI advancement and geopolitical risks continue to change market structure, causing instability, says Nomura.

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Wealth management

Goldman Sachs upbeat on wealth outlook despite worries over China’s tax scrutiny

Robust fee growth tipped for Hong Kong, Singapore banks as mainland Chinese clients’ offshore allocations driven by diversification: report.

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Wealth management

Even Hong Kong’s rich expect to work past retirement age, survey says

More people plan to work longer and ‘blend work, family responsibilities and personal aspirations’, Manulife Hong Kong CEO says.

The percentage of Hongkongers expecting to work past retirement age is higher than in Singapore and mainland China, but lower than in Japan. Photo: Karma Lo
The percentage of Hongkongers expecting to work past retirement age is higher than in Singapore and mainland China, but lower than in Japan. Photo: Karma Lo
Wealth management

Rich Hongkongers rank travel over real estate in shifting life goals: survey

Immersive travel and early retirement rank above real estate on the priority list of wealthy individuals, according to a new report.

Banking & finance

In Focus | Beijing hits super-rich with 20% offshore tax. What does it mean for Hong Kong?

For decades, Hong Kong has prospered by managing the wealth of Asia’s elite. Will that change as China introduces tougher offshore tax policies?

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Wealth management

Over a quarter of China’s ultra-wealthy in Beijing and Shanghai, report says

Beijing, Shanghai and Guangdong hold most super-rich households as weaknesses in real estate and market volatility weigh on private capital.

The skyline of Beijing on January 7. Photo: AFP
Wealth management

How China’s new offshore trust tax rules could shake billionaires’ fortunes

Soho China founder Pan Shiyi’s Cayman trust faces scrutiny as Beijing’s tax overhaul puts offshore wealth strategies in focus.

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Pan Shiyi, who lives in New York, is one of China’s most closely followed entrepreneurs. Photo: Dickson Lee.
Pan Shiyi, who lives in New York, is one of China’s most closely followed entrepreneurs. Photo: Dickson Lee.
Millionaires, billionaires and trillionaires

Why 17 people have held title of China’s richest person in past 27 years

ByteDance founder Zhang Yiming tops rankings this year, but vibrant market makes them much more fluid than in US, Hurun says.

China stock market

From property to portfolios: why Chinese families are walking away from homes

While Chinese families grow cautious, South Korean retail investors use record leverage to chase tech ETFs despite mounting risks.

Wealth management

Sun Life targets Asia’s booming wealth transfer market with new platform

Insurer joins global scramble to serve Asian clients looking to transfer wealth to next generation via insurance products.

Hong Kong has become the world’s largest offshore wealth management hub. Photo: SCMP/Sam Tsang
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