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Chinese firms turn to family offices amid economic slowdown

Chinese and Hong Kong companies facing a slowdown in China's economy are establishing family office businesses to create new revenue...

Hong Kong ranks second globally in number of billionaires

Nov 26

Hong Kong ranks second globally in number of billionaires

Hong Kong has the world's second-highest number of billionaires after New York, according to a report by Altrata on the distribution of...

Hong Kong wealth managers bullish despite global challenges

Nov 25

Hong Kong wealth managers bullish despite global challenges

Hong Kong's private wealth management sector remains optimistic about its five-year outlook, driven by opportunities from mainland...

Barclays to establish private banking booking centre in Singapore

Nov 25

Barclays to establish private banking booking centre in Singapore

UK-based Barclays announced plans to set up a private banking booking centre in Singapore, aiming to make it operational by 2026. The...

Indonesia bourse proposes minimum IPO proceeds to boost liquidity

Nov 25

Indonesia bourse proposes minimum IPO proceeds to boost liquidity

The Indonesia Stock Exchange (IDX) plans to introduce a minimum proceeds requirement for initial public offerings (IPOs) as part of...

Malaysia, South Korea agree to boost economic cooperation

Nov 25

Malaysia, South Korea agree to boost economic cooperation

Malaysian Prime Minister Datuk Seri Anwar Ibrahim has invited South Korean investors to explore opportunities in Malaysia to enhance...

IMF warns trade tensions threaten Asia's economic prospects

Nov 22

IMF warns trade tensions threaten Asia's economic prospects

The International Monetary Fund (IMF) cautioned that escalating trade tensions and retaliatory tariffs could undermine Asia's economic...

Morgan Stanley opens new SE Asia headquarters in Singapore

Nov 22

OTHER NEWS

Morgan Stanley opens new SE Asia headquarters in Singapore

Morgan Stanley has officially opened its new Southeast Asia headquarters in Singapore, reinforcing its commitment to the region's growth...

Blackstone launches wealth manager certification with PWMA in HK

Nov 22

Blackstone launches wealth manager certification with PWMA in HK

Blackstone, the world's largest alternative asset manager, has partnered with the Private Wealth Management Association (PWMA) to...

Nov 22

Asset management firm Apollo opens Seoul office, names Korea head

US-based asset management firm Apollo announced the opening of its Seoul office as part of its expansion in the Asia-Pacific region. The...

Singapore sees 44.6% surge in financial claims scam cases rise

Nov 21

REGULATION

Singapore sees 44.6% surge in financial claims scam cases rise

Singapore's Financial Industry Disputes Resolution Centre (Fidrec) handled 2,162 financial claims from July 1, 2023, to June 30, 2024,...

IMF cuts South Korea's 2025 growth forecast to 2%

Nov 21

IMF cuts South Korea's 2025 growth forecast to 2%

The International Monetary Fund (IMF) lowered its economic growth forecast for South Korea to 2% for 2025, down from 2.2% projected in...

Malaysia’s family office hub plan progressing

Nov 21

Malaysia’s family office hub plan progressing

Malaysia's initiative to transform Forest City into a hub for family offices is progressing, with official incentives and criteria set to...

Hanwha Life to acquire 75% stake in US securities firm Velocity Clearing

Nov 21

OTHER NEWS

Hanwha Life to acquire 75% stake in US securities firm Velocity Clearing

South Korea's Hanwha Life Insurance Co. said it has signed an agreement to acquire a 75% stake in US-based securities firm Velocity...

China supports HK’s growth as international financial hub

Nov 20

China supports HK’s growth as international financial hub

Chinese Vice Premier He Lifeng pledged to boost Hong Kong's competitiveness through investment in innovation and stronger financial...

New rules enable Philippine insurers to fund infra projects

Nov 20

REGULATION

New rules enable Philippine insurers to fund infra projects

The Philippine Insurance Commission (IC) has issued new guidelines allowing life and non-life insurance companies, along with...

Taiwan pledges overhaul of cryptocurrency tax rules

Nov 20

REGULATION

Taiwan pledges overhaul of cryptocurrency tax rules

Taiwan's Ministry of Finance has pledged to review regulations on taxing cryptocurrency gains amid surges in digital asset prices....

Nov 20