12/28/2011
Brokerages in China had issued a total of 109 wealth management products with total scale of 61.5 billion yuan through December 25, of which three products were in the process of being launched, reports China Securities Journal.
12/28/2011
The fund management house, which has A$94 billion under management including around A$35 billion in fixed income, singled out Korea, Malaysia and Indonesia.
12/27/2011
Between now and 2016, the wealth of India’s richest is expected to treble and many of these wealthy individuals are eager to invest in alternative asset classes, claims AAA.
12/27/2011
Most of the high net worth individuals that I meet on a daily basis are business owners and top-level executives working for multinational companies.
12/27/2011
It’s developing its wealth management business to cater to the affluent market in the region
12/27/2011
Gold exchanges in China outside of two in Shanghai are to be banned, authorities said in a statement released on Tuesday.
12/26/2011
When it comes down to it, Singapore can be almost as Wall Street as Wall Street
12/23/2011
Alternative Asset Analysis (AAA) has announced it predicts that the market for fine art in Asia will continue to grow, along with prices.
12/20/2011
Pay for similar staff in London rose 12 percent over the same period.
12/19/2011
Lone Star, which won control of Korea Exchange Bank in 2003 when no local lenders were interested, spent more than five years entangled by courts, regulators and lawmakers as the fund incited public backlash over the profits on its investment.
12/19/2011
Despite giddy Chinese art prices showing some strain from global economic uncertainty, collectors like Lo think values will continue to rise due to limited supply and continued strong demand as Asian collectors become more affluent.
12/16/2011
Quam Private Wealth officially commenced its business on 13th December in Hong Kong, taking full advantage of the territory as an international financial hub while knitting together mainland's emerging opulent elites.
12/16/2011
A Standard Chartered Bank spokesperson said that information relating to the bank shutting down what is known as booking centres for private banking in a few cities was untrue.
12/16/2011
The bank is also looking to expand its private banking, energy and commodities and trade clearing businesses, Mr Hugues Delcourt said in Singapore.
12/16/2011
The regulator has received over 100 responses on the proposed norms from various stakeholders and will come out with the new rules soon, the person quoted first said.
12/15/2011
Investors are advised to diversify among carefully selected equities, credits and alternatives and focus on domestic demand and structural growth themes in Asia.
12/09/2011
In a 2007 survey, only farmers felt that wealth distribution was fair, possibly because the government rescinded agricultural taxes and began to provide tuition waivers for rural students in 2006, Zheng said.
12/08/2011
A study by Kotak Wealth Management and Crisil estimates that there are around 62,000 UHNIs in India as of 2010-11, which is poised to rise to 219,000 by 2015-16, reflecting a total net worth of Rs235 trillion.
12/08/2011
Sovereign wealth funds are seeking to hold more local-currency emerging bonds as a strategic allocation while central banks want to raise their exposure to higher-rated emerging economies such as Singapore, Chile, Brazil, Peru and South Africa, Trigo Paz
12/08/2011
Former Perpetual Private Wealth executive, Lee Wapling, will head up the firm.