Dubai and DIFC remain a top destination for Chinese investments, further accentuated by a surge in interest from banks, wealth and asset management firms, large corporations, and insurance sector market players.
CICC now joins China's "Big Five" state banks in the DIFC, where Chinese financial institutions collectively manage $65.3 billion in assets as of 2024, a 33 percent growth over three years, per DFSA data.
Amy Lo, co‑head of wealth management for Asia at UBS, says many feel uneasy about holding too much of their net worth in one currency ... Wealth managers aren’t telling clients to go all in on any single market.
Kelvin Tay of UBSGlobal Wealth Management says market reaction has been 'over euphoric' in its reaction to the U.S.-China trade deal. He says the weakness in the dollar is due to expectations of slower growth and higher inflation in the U.S. ... .
UBS and other wealth management firms stated that these investors are adopting structured asset allocation models that spread risk more evenly ... A private wealth management expert at believes that the recent trade agreement between China and the U.S.
BS Group AG’s rich clients are increasingly shifting away from US-dollar assets, turning instead to gold, crypto and China, according to the Swiss bank’s co-head of wealth management for Asia.
Sundeep Gantori, Managing Director, CIO Equity Strategist at UBSGlobal Wealth ManagementChief Investment Office, explains how China is set for a major leap in AI compute. He expects monetization would take 2-3 years ... .
Indosuez Wealth Management's Francis Tan says China can withstand tariff pressure due to lower U.S. export reliance, and sees value in Chinese equities amid healthy valuations ... .
The China unit has been undergoing an overhaul after its initial ambition to grow its wealth management business veered off track during the pandemic ... .
In fintech, we leapt by five places to fourth in the world,” he said, and adding that Hong Kong remains one of the world’s prime wealth management centres, managing approximately $4 trillion in assets ... Wealth Management Connect Boosting Participation.
Despite the pullback, analysts and wealth managers remain optimistic, forecasting that escalating tensions between the US and China could propel gold prices to $5,000 or higher in the coming years.