Private wealth management is delivered to high-net-worth investors. Generally this includes advice on the use of various estate planning vehicles, business-succession or stock-option planning, and the occasional use of hedging derivatives for large blocks of stock.
Amy Lo, Chairman, UBSGlobal Wealth ManagementAsia, Co-Head UBS Global Wealth Management APAC, said, “It is exciting to see that APAC minted the most new billionaires during the period among all regions, with a total of 85 new billionaires from MainlandChina and Hong Kong in particular.
HYW), a leading independent wealth management and health management service provider ... HYW) is a leading independent wealth management service provider in China focusing on providing asset allocation advisory services and comprehensive financial products to high-net-worth clients.
Beijing-based Zhongzhi controls nearly a dozen asset and wealth management firms ... probe into the company’s wealth management unit, suspecting it of “illegal crimes.” They said they had enforced “mandatory criminal measures” against a number of suspects, including one surnamed Xie.
They include Australia, South Korea and India, as well as China's 'unofficial' PMI... A survey by central banking think tank OMFIF of 22 public pension and sovereign wealth funds managing $4.3 trillion in assets, showed that none reported a positive outlook for China's economy ... - PMIs for Australia, South Korea, India, China.
A survey by the OfficialMonetary and Financial InstitutionsForum of 22 public pension and sovereign wealth funds managing $4.3 trillion in assets showed not one had a positive outlook for China's economy or saw higher relative returns there ...OMFIFSurvey on public funds avoiding China ... businesses now saw China as "uninvestable".
In October two in the city of Nanchong, in south-west China, said that they would halt services owing to a lack of finance from municipal authorities ... On November 22nd Zhongzhi, one of China’s largest wealth-management companies, said that it was “severely insolvent” and unable to pay $36bn in debts, prompting a police investigation.
China’s Zhongzhi EnterpriseGroup, a leading wealth manager, told investors it is heavily insolvent with up to $64 billion in liabilities, threatening to reignite concerns that the country’s property debt crisis is spilling over into the broader financial sector.
The low interest rate in China is an incentive for international institutions to issue panda bonds, said EthanWang, head of investment strategy for wealth management at Standard Chartered China ...International investors cannot overlook China as it is already the second-largest bond market in the world after the US, they added.