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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.
Hong Kong was the world’s top initial public offering market in the first quarter, after reclaiming the title last year for the first time since 2019. Photo: Dickson Lee
Family offices

How the Middle East war is boosting family offices, private banking in Hong Kong

Conflict prompts rich investors to diversify, boosting Hong Kong’s role as a hub for family offices and private banking.

Banking & finance

Life insurance sales in Hong Kong hit record amid ‘rise of millionaires’

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Stock Connect

Brazil beckoned: China now has stock and bond ‘connect’ schemes in 5 regions

Millionaires and billionaires

Mainland China’s ultra-wealthy numbers rise as Hong Kong poised for rebound

China’s ultra-wealthy population has grown 23 per cent in five years, while Hong Kong is forecast to see a 25 per cent rebound by 2031.

China’s share of global UHNWIs edged down by one percentage point to 17 per cent this year. Photo: Getty Images
Hong Kong economy

Letters | How Hong Kong can attract talent and capital from the Middle East

Readers discuss the opportunity for the city created by the Iran war, the proposal to allow taxis into Discovery Bay, and a planned pig farm in Sheung Shui.

Banking & finance

Hong Kong well positioned to attract global capital amid geopolitical shifts

Hong Kong is attracting global investors seeking stability as interest grows in its financial markets, FSDC officials say.

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Banking & finance

Liquid courage: Hong Kong fund pitches whisky as alternative investment

Fund pitches spirit as hedge and sees downturn as a rare entry point, citing emotional buying and shifting consumption trends.

Whisky has been gaining traction among wealthy investors seeking alternatives to traditional safe havens, according to an investment firm. Photo: Shutterstock
Banking & finance

Cash holdings rise amid war, but Asia remains key for wealthy: Schroders CEO

High-net-worth clients continue to seek opportunities in Asia, taking a longer-term view despite global uncertainties, Richard Oldfield says.

Banking & finance

Mark Mobius, pioneering investor in China, dies at 89

‘Father of emerging markets’ was among the first fund managers to champion investments in Hong Kong and mainland China.

Banking & finance

HSBC stays the course in the Middle East despite war

The bank will continue to invest in the UAE, alongside India, China and Singapore, says Surendra Rosha, co-CEO for Asia and the Middle East.

Surendra Rosha, co-CEO for Asia and the Middle East at HSBC. Photo: Jonathan Wong
Mandatory Provident Fund (MPF)

MPF growth streak breaks as assets fall 6 per cent in March

Average pension savings fell HK$20,071 in March, leaving members HK$4,556 lower for the quarter.

Total MPF assets fell to HK$1.532 trillion (US$196 billion) at the end of March, down HK$99.2 billion. Photo: Handout
Mandatory Provident Fund (MPF)

Hong Kong’s MPF set to report worst performance in 3 years in March

The MPF funds’ monthly showing was the worst in three years as they tracked the Hang Seng Index, which also fell to a three-year low.

Mainland China

Sketching a recovery: China puts next-gen art buyers in the frame amid slowdown

A US$83 trillion global wealth transfer in next two to three decades is beginning to reshape China’s art market: UBS.

Mainland China

Hong Kong a ‘safe harbour’ for family wealth as global tensions rise: officials

City provides a stable platform for growth and deployment of capital amid ‘uncertainty and conflicts’, Financial Secretary Paul Chan says.

Financial Secretary Paul Chan speaks at the Wealth for Good in Hong Kong Summit gala dinner on Tuesday evening. Photo: Handout
Mainland China

Hong Kong family office summit draws Pop Mart billionaire among global guests

City is ‘strong and unwavering’ as wealth management hub, Chief Executive John Lee says to kick off fourth Wealth for Good summit.

Chief Executive John Lee speaks at the principal dinner of the Wealth for Good in Hong Kong Summit on Monday evening. Photo: Handout
Banking & finance

Middle East banks eye Hong Kong as ‘safe haven’ amid Iran threats: InvestHK head

Investment-promotion agency is helping a couple of Middle East banks set up in the city and fielding more inquiries since the war started.

Banking & finance

Chinese banks outpace rivals in Hong Kong wealth growth, Huatai HK CEO says

Booming listings and rising outbound investment demand are accelerating growth for Chinese players, SFC data shows.

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Banking & finance

Hong Kong’s Wealth for Good Summit to highlight AI, robotics opportunities

Fourth edition of summit comes as Hong Kong pursues goal of attracting 220 additional family offices by 2028.

Robotics is among the Chinese industries creating new investment opportunities as global investors reassess their global asset allocations. Photo: NurPhoto via Getty Images
Banking & finance

Deutsche Bank bets on Hong Kong boom as Asian billionaires look beyond US assets

Hong Kong is becoming a focal point for Asian billionaires seeking to pivot away from US exposure, Deutsche Bank’s private bank says.

Banking & finance

Hong Kong family offices take long view despite Iran war, HKMA affiliate says

Survey shows family offices expanding risk management while maintaining strong investment exposure to Hong Kong and Asia.

Banking & finance

HSBC Hong Kong CEO sees global tensions, China tech drawing wealth to city

HSBC’s local unit gained nearly 2 million new customers in two years as global investors shift assets to Hong Kong.

HSBC Hong Kong CEO Maggie Ng at the HSBC headquarters. Photo: Jonathan Wong
Hong Kong property

Hong Kong, Sydney or Dubai? Prime real estate investors take their pick

Rich buyers are reshaping ultra-luxury property markets from Sydney and Hong Kong to Dubai, drawn by each city’s unique selling proposition.

Illustration: Henry Wong
Mandatory Provident Fund (MPF)

More Hongkongers leave money in MPF pension plan amid market rally

Withdrawals by people leaving the city or retiring dropped last quarter, indicating expectations of greater gains, analysts say.

Family offices

Hong Kong to expand tax waivers for family offices, pension fund investment

The government will submit a bill by June to add more tax-exempt products and funds, including gold and digital assets, a minister says.

Hong Kong

Hong Kong’s new cash-for-residency scheme draws US$12 billion in first 2 years

Number of applicants surges in second year, with most of the deployed capital going into authorised funds, equities and debt securities.

More than 1,700 investors have completed their commitments and received formal approval from the Immigration Department. Photo: Jelly Tse
Banking & finance

HSBC to boost spending in Hong Kong, other high-growth markets to US$1.8 billion

HSBC reported a 7 per cent profit drop, but shares rose on its CEO’s comments on higher return goals, steady dividends and new growth plans.

HSBC Holdings is the largest banking group in Europe and Hong Kong by assets. Photo: Reuters
Banking & finance

Standard Chartered’s 2025 profit jumps 16% buoyed by wealth management growth

The London-based bank’s underlying pre-tax profit stood at US$7.9 billion last year, versus a gain of US$6.8 billion in 2024.

Banking & finance

Hong Kong banks lure wealthy clients with gold, mahjong sets, fireworks

HSBC, Hang Seng Bank, Standard Chartered, Citibank and DBS offer the metal to select clients while it hovers near a record high.

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