10/19/2021
Macao banks to launch Wealth Management Connect related services
The Monetary Authority of Macao said the WMC is a major move and innovative arrangement for promoting mutual access between the financial markets in the Greater Bay Area.
Wealth and Asset Management
10/19/2021
The HKMA announces a list of eligible banks in Hong Kong for launching the Cross-boundary Wealth Management Connect Pilot Scheme
“Implementation Arrangements for the Cross-boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area”
10/19/2021
HSBC and 18 other banks can now sell wealth investment products in the Greater Bay Area
HSBC and Standard Chartered Bank are among more than a dozen lenders that can start selling investment products from Tuesday.
10/19/2021
DBS, OCBC tap China’s Wealth Management Connect scheme to expand in Greater Bay Area
DBS said its Hong Kong franchise has partnered with the Postal Savings Bank of China (PSBC) to provide GBA customers access to diversified investment products and solutions, and digital-banking capabilities.
10/19/2021
Global private wealth platform Kristal hits 500 mn dollars AUM landmark
It is experiences like these that have made Kristal the no.1 wealth manager in the mass affluent & emerging HNI segment of Asia.
10/15/2021
Sotheby's Alumni Launch Asia-Focused Art Advisory
Sotheby's former chief operating officer Chinn will handle the company’s business and legal operations
10/15/2021
Hong Kong Fund Manager Expands Asia Footprint
One Heritage Capital Singapore will be led by a leadership team of experienced professionals in private banking, including founder Joe Hui
10/15/2021
Wealth Management Connect Finally Kicks Off: What is its Significance?
The Wealth Management Connect program enables mainland residents of nine Guangdong cities in the GBA to invest in investment products sold by banks in Hong Kong and Macao, and vice versa.
10/14/2021
Lombard Odier’s strategic alliance partners clinches accolades at Global Awards
Since 2015, Lombard Odier has built an ecosystem of strategic alliances with financial institutions in Asia, working together with them
10/14/2021
Old is gold – The Singapore shophouse
Despite all that glitters, potential investors are urged to do their due diligence before jumping in, as they should consider stamp duty, restriction on renovation and use restrictions.
10/12/2021
These are the global innovation powerhouses of 2021
There are a number of countries that are performing above expectations relative to their economic development.
10/11/2021
Raffles Family Office Adds Wealth Vet and Crypto Expert to Board
Raffles Family Office expands its independent advisory board with the addition of a private banking veteran and a cryptocurrency pioneer.
10/10/2021
Evergrande reprimands insiders for hitting the exit ahead of wealth product clients, forcing redeemers to return proceeds
Six managers of Evergrande Wealth Management who had redeemed 12 products between May 1 and September 7 ahead of schedule were ordered to return the proceeds, and were reprimanded
10/08/2021
Fosun's German private banking unit acquires full ownership of Bankhaus Lampe
The Chinese innovation-driven consumer group continues to expand its presence in Germany while focusing on growth in its home market and beyond
10/08/2021
Jeff Bezos isn’t the only billionaire eyeing Indonesia’s US$44 billion digital economy
Last year, an estimated 40 million people in Southeast Asia went online for the first time, bringing the total number of internet users in the region to some 400 million
10/06/2021
Focus acquires sixth advice firm
A Brisbane-based financial advice firm is the latest to join the Focus Financial Partners global network.
10/06/2021
Mainland China to account for half of Hong Kong's wealth assets in 5 years
The Wealth Management Connect program, which gives investors in the Greater Bay Area — a megapolis that includes nine cities in mainland China
10/05/2021
RHB opens wealth management hub in Singapore
For more than half a century in Singapore, RHB has garnered invaluable financial experience and transferred those insights of service excellence on to clients, helping individuals and corporations fulfil their financial goals.
10/05/2021
All For Nothing
Economic data continued to surprise the analysts to the downside during the quarter.
09/30/2021
Tips and Traps for Launching GBA Wealth Management Connect
The Rules provide detailed guidance by which Hong Kong SAR banks and Mainland banks must abide in order to ensure that the services provided under the WMC Scheme are within the permissible parameters.