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Filipino volunteers from Church of God International repack relief goods at a government storage facility in Pasay, the Philippines, in 2017. Photo: EPA-EFE

Opinion | How trust is redefining philanthropy in Asia

As Asian philanthropic organisations adopt trust-based practices, focusing on three key areas can help them provide a road map for others.

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Exclusive | Hong Kong market rally ideal for fund managers to tap Middle East, Southeast Asia

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Government teams with Bloomberg to promote city as family office hub

Affluent users choose cards for perks like cashback and air miles: Mastercard

Affluent spenders are looking at a number of ways to construct a ‘perfect wallet,’ Mastercard says.

Mastercard says Asia-Pacific consumers carefully consider how payment decisions can earn them points, rewards, and discounts. Photo: Shutterstock

HSBC sees 6 US rate cuts until June in boon for Hong Kong’s economy

Lower rates will benefit the city’s economic recovery, but there has been no immediate increase in demand for loans, HSBC Hong Kong CEO Luanne Lim says.

Middle Eastern investors set to access Hong Kong shares with 2 ETFs

The SFC has noticed that international investors, who previously were underweight on Hong Kong stocks, have now rushed back into the local market.

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Dunhill’s Family Office Network to set up in Hong Kong

The network is considering locations around Asia to set up a social clubhouse to host in-person events for its members, with Hong Kong being a potential location.

An undated social event organised by Dunhill Ventures. Photo: Handout

Insiders say running a Hong Kong family office is a delicate balancing act

‘Emotion stays away from the boardroom. That’s critical,’ says Mahesh Harilela.

Hong Kong has to work harder to maintain family office hub status: official

Hong Kong is set to surpass Switzerland as the top cross-border wealth management hub by 2027-28, but must stay competitive, says Joseph Chan.

Retail fund sales surged on interest rate cuts and China market rally: Fidelity

Hong Kong-based Charlotte Chan says sales of retail funds in Hong Kong doubled from a year earlier.

Charlotte Chan, the head of Fidelity International’s Hong Kong office. Photo: SCMP/Edmond So

Hong Kong banks lure mainland clients with special incentives during golden week

Hong Kong banks are pulling out all the stops to attract mainland tourists, offering everything from fireworks dinners to golf with famous players.

Hong Kong banks are tempting clients with a range of activities including fireworks dinners during the ongoing golden week holiday. Photo: May Tse

Mox Bank expands wealth management amid market bull run

Branchless bank has secured 620,000 customers, representing 10 per cent of the city’s adult population.

Wealthy Asians drawn to Hong Kong’s varied investment choices: Citibank

High-net-worth individuals from mainland China and Asia use Hong Kong to invest their wealth as they seek wider investment choices and better returns.

Banks set to prosper as Hong Kong expands wealth, fintech opportunities

Hong Kong’s efforts to regain its top hub status will prosper lenders as opportunities abound in wealth and fintech sectors and the bay area.

Panelists at the Hong Kong Institute of Bankers conference on September 27, 2024. Photo: Jonathan Wong

Hong Kong takes Singapore’s crown as Asia’s top financial hub: study

Hong Kong regains top billing in Asia from Singapore for the first time since September 2022, when the city remained closed due to the pandemic.

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Hong Kong’s standing as a leading financial centre has improved according to an influential report. Photo: Shutterstock

Why are rate cuts bad news for Hongkongers and their retirement portfolios?

Lower interest rates will make it harder for Hongkongers to build an ideal retirement portfolio of more than US$2.6 million, analysts say.

Singapore Exchange eyes Middle East move to target Dubai-bound hedge funds

The planned expansion comes as major fund managers flock to Dubai, attracted by favourable tax conditions and government incentives.

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Wrise expands in Hong Kong after seeing more rich clients opening family offices

Wrise, a wealth management platform, has expanded in Hong Kong after seeing an increase in rich clients setting up family offices.

Wrise Prestige CEO Henry Shin, left, and Wrise Group Chairman Derrick Tan. Photo: SCMP/Jonathan Wong

Asia-Pacific family offices show ‘bullishness’ in equities, bonds: Citigroup

Some 68 per cent of respondents in Asia-Pacific raised their allocations to stocks, highest among all regions.

Hong Kong cash-for-residency scheme set to bring in HK$15 billion in investments

Agency reveals 47 applicants have already invested HK$30 million each through scheme.

Hong Kong campaign to woo family offices gathers steam, summit attendance shows

Summit draws 150 attendees as city continues effort to build talent ecosystem and cement status as Asia’s family-office hub.

Financial Secretary Paul Chan speaks at the Hong Kong Academy for Wealth Legacy Summit on September 13, 2024 in Hong Kong. Photo: Handout

Hong Kong piques mainland investors’ interest as lower rates prompt shift south

Individual investors in mainland China, buoyed by incentives and a rising yuan, are seeing appeal in moving their capital to Hong Kong.

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More residents of mainland China are opting to move their money south, purchasing investment products from Hong Kong. Photo: AFP

China probes Evergrande-linked wealth manager Hywin for illegal fundraising

Two suspects surnamed Han and Wang have been detained for illegal fundraising, Fengxian’s public security bureau said in a statement.

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Scared by China’s P2P scandal, new young investors less willing to risk it all

Scandal-hit peer-to-peer (P2P) lending industry in China has virtually disappeared, but its effect is still being felt by investors

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Hong Kong to grow family office businesses for philanthropy: John Lee

City can provide philanthropists with wealth management tools and channel their resources into initiatives, Lee adds.

Hong Kong Jockey Club’s Philanthropy for Better Cities Forum included guests such as Chief Secretary Eric Chan (seventh from the left, front row). Photo: Elson Li

Asia-Pacific to outpace all regions as family offices expand by 2030: Deloitte

Single family offices in Asia-Pacific could increase by 40 per cent to 3,200 by 2030, outpacing growth in North America and the nascent Middle East market, a Deloitte Private report shows.

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A view of Tokyo from the Bunkyo Civic Center Observation Deck on August 14, 2024. Photo: AFP

ZA Bank becomes Hong Kong’s first virtual lender to report a profit

ZA Bank, the largest of the city’s eight online-only banks, reported a monthly profit in July, its first after nearly four years, driven by fees from its newly launched mutual fund and US stock trading business.

HSBC’s Elhedery gets close and personal with Hong Kong staff, customers

The global CEO visited two premier branches, where the staff walked him through the customer service and showed him the various digital solutions.

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Wealth management
Latest news and features on wealth management, with a particular focus on Hong Kong, mainland China and Asia.
last updated:
2 October, 2024
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