Flying a nation's flag isn't a commitment which can be taken lightly. But not only has Bank of Singapore's rapid and significant growth in AUM, revenue and headcount in just over three years since inception shown how to do it. This remarkable success story has also come at a time when many peers have struggled to gain traction and be profitable in Asia's hotly-contested - and challenging - private banking landscape.
The growing number of Chinese high net worth (HNW) individuals - defined as those with at least RMB 10 million (US$1.6 million) in investable assets - are increasingly focused on wealth preservation as their primary objective.
A growing number of mainland Chinese want to travel, work or study overseas, according to a new HSBC survey.
Robert Russell, managing director and division head, international private banking at Chinatrust Commercial Bank, takes Hubbis through the bank's recent arrival in this segment of Asian wealth management - and reveals his vision and strategy.
Yvonne Hsin, managing director and head of private banking for DBS Bank in North Asia, talks to Hubbis about the firm’s approach to servicing wealthy Chinese clients as they look ever-wider at investment and other opportunities outside their home country.
Liu Xiaoming, the Chinese ambassador to the UK, has pledged to work with Guernsey on a range of initiatives which could be of mutual benefit to the two jurisdictions - including the introduction of Chinese banks to the island.
Dennis Harhalakis, head of products and services, private banking at Chinatrust Commercial Bank, talks to Hubbis about the bank's approach to advising its clients, as well as around fees.
Helen Kan, executive director, alternate chief executive officer and group head of personal & business banking at China CITIC Bank International (CNCBI), speaks to Hubbis about the approach the bank is taking to serving mainland Chinese clients in Hong Kong, and outlines the opportunities she sees in this space.
The first of these funds allows investors to gain exposure to a portfolio dedicated exclusively to investing in Chinese dividend-paying companies, focusing on firms which are well-positioned to grow future dividends while providing an attractive dividend yield.
Just days after a small Chinese ceramic bowl sold for HK$74 million (US$9.5 million) at a Sotheby's auction in Hong Kong, Christie's has announced its plans to hold auctions in Shanghai from autumn 2013.
Hong Kong's Securities and Futures Commission (SFC) has reprimanded China Everbright Securities and fined it HK$1.2 million (US$155,000) for internal control and supervisory failures.
China's banking regulator has introduced quantitative restrictions in relation to wealth management products offered by banks, in an effort to reinforce policy measures aimed at limiting risks.
Global index provider STOXX Limited has celebrated its 15th anniversary with the launch of a new blue-chip China index.
Hong Kong’s Securities and Futures Commission (SFC) has welcomed the changes to the rules around the mainland’s RMB Qualified Foreign Institutional Investor (RQFII) scheme.
Despite losing 50 relationship managers in 2012, Shanghai-based IFA Noah Holdings has announced that its net revenues for the year were US$86.7 million, a 20.1% increase from 2011.
The International Finance Corporation (IFC) has introduced a new financial instrument to help China internationalise its currency: the first RMB-denominated note.
OCBC Bank has made three senior management appointments, including a new head of its China business.
Hong Kong’s Securities and Futures Commission (SFC) has announced plans to introduce a mainland-Hong Kong mutual recognition of funds – creating a platform which is likely to be the largest in Asia, and could bring various advantages to both mainland China and Hong Kong.
Credit Suisse has appointed Neil Harvey as chief executive officer (CEO) in Hong Kong and co-CEO for Greater China. He will share his Greater China CEO responsibilities with Liping Zhang, who will maintain his position as vice chairman, global investment banking.
ANZ has set up a new branch in Hangzhou, the capital city of Zhejiang Province in Eastern China.
The Hurun Research Institute’s results of its Chinese Luxury Consumer Survey 2013 provides insights into the spending habits and lifestyle changes of this burgeoning, influential and ever-changing consumer class.
Freddie Chen, managing director of China Asset Management (Hong Kong) Limited, talks to Hubbis about the various product development initiatives the firm has in place to create new opportunities for foreign investors to access China, especially the RQFII ETF.
Hong Kong Exchanges and Clearing (HKEx), the operator of the local stock and futures markets, has revealed plans to establish a commodities trading platform and clearing facility.
The Bank of East Asia’s mainland subsidiary, BEA China, has recently opened four new sub-branches, bringing the bank’s total number of new mainland outlets to 10.
Guernsey-headquartered Richmond Fiduciary Group has set up its own representative office in Shanghai’s Jing'an district.
China Everbright Bank has obtained a banking license from the Hong Kong Monetary Authority.
Alex Cho, managing director at Intertrust Group in Hong Kong, talks to Hubbis about the increasing interest in trusts from wealthy mainland Chinese as part of the realisation of the value of proper estate and succession planning – and explains how to make the most of this business opportunity.
Alison Lo, managing director at Target Capital Management, talks to Hubbis about the firm’s priorities and how it is looking to access the various opportunities in China.
Neil Robson of Threadneedle Investments explains his outlook for investing in various equities markets around the world.
China’s affluent will account for 5% of global consumption by 2020, according to a report by the Boston Consulting Group (BCG).
