Super-rich Koreans set up family offices in Hong Kong for tax perks
South Korea’s ultra-wealthy are setting up family offices in Hong Kong to benefit from lower taxes and relaxed regulations. Hong Kong,...
Feb 25
Barclays appoints senior executives for APAC, Middle East
Barclays has appointed Vijay Shankar U.S. as managing director, head of global transaction banking, and Amaar Khan as managing director,...
Feb 19
HK financial chief positive on stock market’s outlook
Hong Kong’s financial chief expressed cautious optimism about the stock market’s outlook, citing strong investor activity and new listing...
Feb 18
Japan firms to post record earnings for fourth year
Major Japanese firms are set to post a record combined net profit for the fourth straight year in fiscal 2024, driven by Bank of Japan...
Feb 18
Singapore multi-family office Aument Capital secures Abu Dhabi approval
Singapore-based multi-family office Aument Capital Group has received in-principle approval for a Category 4 licence from the Financial...
Feb 12
Pimco eyes 25% growth in Asia-focused multi-asset fund
Pacific Investment Management Co. (Pimco) plans to grow its Balanced Income and Growth Fund (PBIG) by 25% to USD2bn in 2025, focusing on...
Feb 12
Hong Kong growth slows to 2.5% in 2024
Hong Kong’s economic growth slowed to 2.5% in 2024, down from 3.2% the previous year, as residents spent more outside the city, the...
Feb 5
Japan’s MUFG targets sustainable growth as profit surges
Japan’s largest lender Mitsubishi UFJ Financial Group is on track for record net income of JPY1.75tr (USD11bn) this fiscal year, buoyed...
Feb 5
Federated Hermes eyes HK for family office expansion
Federated Hermes, a New York-listed fund manager, is considering opening an office in Hong Kong as part of its expansion in family office...
Jan 29
Singapore’s AutoWealth secures backing from Chen Capital family office
Singapore-based robo-advisory platform AutoWealth has added Chen Capital, the family office of Razer founder Min-Liang Tan, as a...
Jan 29
Asean+3 growth slows as US-China tariff tensions rise
The Asean+3 Macroeconomic Research Office (Amro) has lowered its 2025 growth forecast for Asean+3 economies, citing expected U.S. tariff...
Jan 22
South Korea tightens IPO, delisting rules for stock market overhaul
South Korea will tighten delisting rules to improve stock market quality, raising the market capitalisation threshold for Kospi-listed...
Jan 22
HK’s Asian Financial Forum attracts 3,600 global leaders
The 18th Asian Financial Forum (AFF) officially kicked off on January 13, 2025, at the Hong Kong Convention and Exhibition Centre....
Jan 15
Hong Kong will continue to promote sustainable finance
Hong Kong will continue promoting sustainable finance to attract capital for green projects in the city, Mainland China, and Asia,...
Jan 15
Vietnam economy grows 7.09% in 2024, boosted by exports and investment
Vietnam’s economy expanded by 7.09% in 2024 to USD476.3bn, outpacing 2023’s 5.05% growth, driven by robust exports and foreign...
Jan 8
Citi Wealth’s Asia family office advisory head joins JP Morgan
Faye Ong, previously Citi Wealth’s Asia head of family office advisory, has joined JP Morgan Private Bank as head of its Philanthropy...
Jan 8
Hong Kong expands tax perks to attract family offices
Hong Kong’s plan to expand tax concessions for single-family offices aims to strengthen its position as a hub for high-net-worth...
Jan 1, 2025
Xi projects 5% GDP growth for China in 2024
China’s gross domestic product is projected to grow around 5% in 2024, President Xi Jinping said, signaling the economy is on track to...
Jan 1, 2025
XTransfer, OCBC partner to boost cross-border payments
XTransfer, a China-based B2B cross-border trade payment platform, has partnered with OCBC, Southeast Asia’s second-largest financial...
Dec 25, 2024
Foreign firms in HK surge to 9,960, employment rises
Hong Kong hosted 9,960 firms with parent companies outside the city this year, a record high and a 10% increase from 2023, government...
Dec 24, 2024
