The private bank has increased its headcount, mainly relationship managers and senior bankers, by 15 per cent this year. It sees Hong Kong, Singapore and Dubai as stepping stones to expand its business.

UBS may start rewarding its bankers for referring clients to the firm’s wealth management business, in a first for the Zurich-based lender

Banks like HSBC and Standard Chartered are urging the British government to amend a proposed legislation that aims to impose restrictions on doing business in China.

The removal of property curbs, a stock market rebound and growing opportunities in the Greater Bay Area are attracting an increasing number of family offices to Hong Kong, according to industry players.

Swiss financial firm EFG has increased its investment in Chinese and other non-Japan Asian stocks, on expectations of steady growth in the region and driven by the belief the worst was over for stocks in China.

Readers discuss the government’s efforts to attract family offices, and a new service for passengers transferring between commercial flights and private jets.

The bank has ‘quite an active pipeline’ of loans based on such collateral owned by ultra-high-net-worth individuals, who are often asset-rich but liquidity-constrained, private banker says.

Gold purchases in China rose by 5.9 per cent in the first quarter compared with the same period in 2023, as consumers seek security in ‘the only safe asset’, analysts said.

Readers compare the attitude of businesses in the Global North and Global South, the next industrial revolution, and China’s electric vehicle makers.

It’s thumbs-up for China’s latest move to broaden the ETF Connect scheme. The impending changes will encourage more products and capital inflows into the city’s financial market, according to panellists at a conference.

Hong Kong offers plenty of wealth management and stock market opportunities despite headwinds and uncertain economic outlook in China, according to speakers at the Apec Business Advisory Council summit.

BNP Paribas marks its re-entry into China’s market with hires, at a time when Morgan Stanley, Goldman Sachs and JPMorgan have all made rounds of job cuts in Hong Kong and China

Germany’s Allianz Global Investors looks forward to tapping mainland China’s ‘vast potential and steady growth’ after getting the green light to operate an onshore fund management company there, says regional head.

Frederic Genta, a high-ranking official from the principality, holds a flurry of meetings with government officials and investors in Macau and Hong Kong. ‘We can be a small door to Europe,’ he says.

AI is likely to make dramatic improvements to workers’ quality of life, but as with every new technology, some jobs will also be lost, Dimon says.

More than 40 of the 50 jobs the Wall Street firm plans to cut will be from Hong Kong and mainland China. Morgan Stanley joins a host of banks that have laid off bankers this year.

Wealth management is transforming into ‘a new virtual format in addition to the traditional finance space’, asset manager says.

The domain address of Sheikh Ali Al Maktoum’s private office leads to a webpage that says it ‘isn’t connected to a website yet’.

InvestHK says it has had 1,600 inquiries since March 1 launch, with 70 per cent of interest from professional services providers.

Financial Services and the Treasury Bureau says recent ‘talk of the town’ shows there is a general lack of understanding about family offices.

Readers discuss the opening of a family office by a prince from Dubai, how Cathay Pacific can give back to the city, portable toilets at outdoor events, and steps public libraries could take to promote the culture of reading.

Switzerland’s biggest lender expects Asia to be its future growth engine after the acquisition of rival Credit Suisse last year expanded its footprint and client assets in the region, says CEO.

Investors should exercise more caution when it comes to the valuations of Chinese stocks, as corporate earnings growth is set to slow because of Beijing’s pursuit of high-quality economic growth, according to China’s biggest money manager.

Gold purchases have soared in China in recent years, with investors seeking safe-haven assets amid the weak stock market and ongoing property crisis, but a number of scams have been reported.

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.

Family office advisers see higher demand for art advisory services, including impartial expertise, collection governance and legacy planning from Chinese family offices.

Hong Kong’s revamped investment-migration scheme is paying off for insurers such as Prudential Hong Kong, which is planning to expand its product line to appeal to wealthy would-be Hongkongers.

Government official says no such protocol for routine courtesy meetings unless Chief Executive’s Office raised questions.