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Wealth management

Wealth management
Latest news and features on wealth management, with a particular focus on Hong Kong, mainland China and Asia.
Undersecretary for Financial Services and the Treasury Joseph Chan. Photo: SCMP
Family offices

Can Hong Kong win the race to manage Asia’s next generation of wealth?

City courts next-generation wealth as family businesses reinvent themselves and deploy capital into new sectors and markets.

Investing

Institutional investors rushing to stockpile cash, survey finds

Banking & finance

How will Hong Kong’s new 5-year plan court global capital?

Mainland China

Wrise Prestige accelerates mainland China expansion with new offices, AI lab

The wealth management firm has invested HK$30 million in AI-related development as it focuses on scaling up its business on the mainland.

Henry Shin, CEO of Wrise Prestige, poses for a photo during a media briefing in Hong Kong. Photo: Handout
Banking & finance

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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Hong Kong property

Diminishing gains: why next-gen wealthy Hongkongers pivot from property assets

Property is losing its sparkle for next-generation investors who prioritise liquidity, easy succession and higher returns.

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Wealth Report

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
Banking & finance

Why Hong Kong banks see mainland Chinese investors as key to wealth growth

The city will continue to serve as a vital platform linking mainland China with international capital, Hong Kong Association of Banks says.

Banking & finance

UBS ends fund sales on a wealth platform in China amid stiff competition

Change is part of ‘business integration plan’ aimed at ‘optimising’ the wealth-management business, Swiss bank says.

Banking & finance

Hong Kong insurers forge tech alliances amid Beijing’s tightened tax rules

Among cross-sector tie-ups, Prudential partners with Alibaba Cloud, Manulife works with Ant Health and BOC Life joins hands with Deloitte.

Lawrence Lam announces Prudential’s collaboration with Alibaba Cloud on Wednesday. Photo: Jonathan Wong
The University of Hong Kong

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.

Hong Kong’s rapidly expanding private-wealth industry is competing for professionals. Photo: Reuters
Banking & finance

To lure long-term capital, Hong Kong financial council calls for MPF expansion

Official think tank urges broader retirement-fund investments, more mainland institutional capital and reforms to boost listings, bonds and corporate restructuring.

China stock market

China’s brokers expected to continue robust performance with mega IPO offering

Active A-share market trading boosts investment firms’ top line by 50%, as mega IPOs predicted to fuel underwriting and sponsorship growth.

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Banking & finance

Standard Chartered doubles down on China wealth opportunities despite tax pivot

Lender says it plans to add more luxury wealth centres, hire more talent and invest in technology platforms in Hong Kong, mainland China and Taiwan.

Standard Chartered’s logo on a building in Singapore. Photo: Reuters
Banking & finance

Hong Kong’s Silver Bonds draw record 480,000 bids with higher interest rate

Hong Kong is expected to raise the final issuance to the upper limit of HK$55 billion, as applications from elderly investors have surged.

Elderly investors are becoming increasingly interested in Silver Bonds amid an uncertain financial market outlook. Photo: Jelly Tse
Banking & finance

Hong Kong regulator reclassifies certain funds with exposure to private markets

The industry has increasingly focused on the risks of what was previously a booming private credit industry.

China stock market

More than 4 in 5 young mainland Chinese investors turn to offshore assets: study

Affluent investors are using exposure to the assets for returns and to manage risk.

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Commodities

Why younger investors worldwide are stashing physical gold despite price swings

Gen Z buyers are driving demand for bullion, spurred by geopolitical tensions, inflation and the appeal of owning gold outright.

Gold is no longer seen purely as an investment for older or wealthy investors, according to traders. Photo: dpa
Foreigners in China

China ends dividend tax exemption for expats, applying 20% rate

The exemption previously enjoyed by overseas nationals on gains from foreign-funded firms in China was cancelled in an announcement on Tuesday.

Banking & finance

Citi boosts headcount, Invesco names new executive in Asia expansion

US financial firms Citigroup and Invesco are continuing to expand in Asia even amid geopolitical uncertainties.

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Banking & finance

Hong Kong’s long-term wealth hub status safe from mainland curbs: JPMorgan exec

The investment bank’s North Asia chairwoman downplays regulatory hurdles – and views the city’s rivalry with Singapore in ‘win-win’ terms.

Kwang Kam-shing, CEO of JPMorgan Hong Kong, poses for a picture in Central. Photo: Edmond So
Banking & finance

BOCHK earnings climb as lower credit costs offset margin pressure

Bank beats forecast with HK$23.74 billion profit, helped by reduced credit costs and stronger fee income from wealth and insurance.

The results follow a year in which BOCHK completed a five-year strategic plan. Photo: Sam Tsang
Hong Kong property

Hong Kong home prices slip amid worries over Beijing’s tax clampdown

Housing rally stalls in July as tax risks curb demand, analysts say, raising doubts over market’s near-term outlook.

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Banking & finance

Tiger, Futu surge overseas after Beijing clampdown strips mainland growth engine

Brokerages shift to Southeast Asia, US and Europe amid Beijing’s stepped-up drive to root out illegal cross-border securities activity.

Banking & finance

Hong Kong expands AI sandbox with new projects spanning dozens of partners

Regulators select 36 use cases involving dozens of financial institutions and tech partners to test AI use in onboarding, payments, claims and customer service.

Hong Kong regulators are exploring the use of more autonomous AI agents across some services. Photo: Shutterstock
Hong Kong property

As more expats flock to Hong Kong, luxury home rents poised for further upswing

The top source of foreign finance executives moving to Hong Kong is coming from Europe and the US, says relocation firm.

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Residential property advertisements at a real estate agency in Jordan. Photo: Jelly Tse
Chinese offshore investment

China targets offshore workarounds in new rules for individual investors

Newly drafted rules would expand oversight of direct offshore investments, with more reporting requirements but limited changes for market-linked schemes.

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Hong Kong

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.

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