Insights
Why Asia needs its own gold hub
Gold has always played a special role in Asian cultures and history. Over the past decade, global demand for gold has increased exponentially. Asian countries have notably overtaken Western markets to become the largest importers of gold. Despite this shift in demand, the price discovery, clearing, and settlement of the yellow metal continue to concentrate in Western time zones. Hong Kong has a timely opportunity to become a gold hub for Asia.
Family office boom
Asia's family office boom drives wealth and innovation, attracting several countries competing to become a hub for them. However, it also presents some unique challenges.
China’s wealth management products cast off their shadows
China’s bank wealth management products have gone on a path of less-risky development in the wake of a sweeping regulatory overhaul five years ago, but face new challenges and opportunities.
China’s bank wealth management business comes out of the shadows
China’s 25.8 trillion RMB wealth management market—now larger than its mutual fund industry—is entering a new era post-regulatory overhaul. With a new licensing regime, foreign competition, and the launch of Wealth Management Connect in the Greater Bay Area, innovation and transparency are reshaping bank-offered products.
Unlocking China’s domestic wealth
China’s asset management industry has developed the depth and breadth that goes far beyond mutual funds over the past two decades. Foreign fund managers now have a number of routes to tap the vast China market.