Hong Kong
Hong Kong’s affluent don’t trust advisers
Only 24% of Hong Kong’s growing number of affluent investors trust financial advisers, which compares to around 45% of those in the US, according to Michael Fong, managing director at Charles Schwab in Hong Kong.
Hong Kong wealth manager eyes Singapore expansion
US-listed Noah Holdings is exploring a Singapore wealth management office and has reported a 24% increase in overall profit for the first quarter.
Hong Kong regulator fines wealth manager HK$5m
Wealth manager Noah Holdings was fined by Hong Kong’s regulator for failure to comply with several requirements, including know-your-client and due diligence matters.
Alternatives | 24 May 18
Luxury asset structuring a major opportunity in Asia
Swathes of Asia’s greatest family fortunes held in alternative assets like fine art or watches are being overlooked by financial planners, according to an experienced trustee.
Best Practice | 16 May 18
Swiss to exchange information with HK and Singapore in 2019
Switzerland will start automatically exchanging financial account information with Singapore and Hong Kong from Autumn 2019 and with other financial centres from 2020.