Latest News for: Wealth management china

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Singapore’s DBS bets on post-pandemic recovery, profit up on lower credit costs

Metro USA 05 Aug 2021
Under Gupta, who took charge in 2009, DBS has broken into the ranks of the top wealth managers in Asia, acquired two banks, in India and China, over the past year, and is making forays into businesses such as a digital exchange and a global carbon exchange as it seeks new revenue streams amid low interest rates.
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UAE investors are shifting their investments amid global inflation concerns: Positive news for the economy

Gulf News 05 Aug 2021
... of UBS Global Wealth Management ... “The Delta variant is leading to renewed worries about lockdowns, inflation has proven to be higher and longer lasting than many thought, and US-China tensions are resurfacing,” said Iqbal Khan, also co-president of UBS Global Wealth Management.
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Major banks keeping faith in HK despite China crackdown

Straits Times 04 Aug 2021
Hong Kong has provided growth to international banks as some forms of revenue from their home countries were shaken by the Covid-19 pandemic, while China is viewed by firms as a lucrative area for growth in wealth management ... and wealth management will be very, very substantial.
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Western banks undeterred by China-US tensions

Business Day 04 Aug 2021
... corporate banking and wealth management will be very, very substantial” ... Hong Kong has provided growth to international banks as some forms of revenue from their home countries were shaken by the pandemic, while China is viewed as a lucrative area for growth in wealth management.
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Banks from HSBC to Citi shrug off China risks to embrace Hong Kong

Straits Times 04 Aug 2021
... and wealth management will be very, very substantial" ... Hong Kong has provided growth to international banks as some forms of revenue from their home countries were shaken by the Covid-19 pandemic, while China is viewed by firms as a lucrative area for growth in wealth management.
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Banks from HSBC to Citi shrug off China risks, embrace Hong Kong

Gulf News 04 Aug 2021
... corporate banking and wealth management will be very, very substantial." ... Hong Kong has provided growth to international banks as some revenue from their home countries were shaken by the pandemic, while China is viewed by firms as a lucrative area for growth in wealth management.
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Jack Ma’s Ant Sees Profit Slide 37% After Regulatory Setback

Yahoo Daily News 03 Aug 2021
The fall in profit underscores the challenges facing Ant following a widespread crackdown on China’s most powerful technology corporations ... Regulators have also issued a battery of proposals that threaten to curb Ant’s dominance in online payments and scale back its expansion into consumer lending and wealth management.
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Ant’s profit slides 37 percent after regulatory setbacks

Taipei Times 03 Aug 2021
The Ant Group Co headquarters in Hangzhou, China, is pictured on Jan ... Regulators have also issued a battery of proposals that threaten to curb Ant’s dominance in online payments and scale back its expansion into consumer lending and wealth management. China has widened its net of ...
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Ant profit falls to $2.1bn after clampdown by Chinese regulators

Business Day 03 Aug 2021
The fall in profit underscores the challenges facing Ant after a widespread crackdown on China’s most powerful technology corporations ... Regulators have also issued a battery of proposals that threaten to curb Ant’s dominance in online payments and scale back its expansion into consumer lending and wealth management.
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HSBC’s profit jumps as pandemic provisions recede

Live Mint 02 Aug 2021
Quinn said the bank is rapidly expanding its new Pinnacle wealth management unit in China and assessing three or four potential acquisition targets in the wealth, asset management and insurance sectors in Asia ... Managing money for wealthy individuals, particularly in Asia, is a key ...
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HSBC’s pre-tax profit more than doubles in fiscal H1

Invezz 02 Aug 2021
HSBC Holdings plc (LON ... Its financial performance saw a $700 million boost from credit reserve releases ... Outside of China, HSBC is now in search of acquisitions to further expand its footprint in wealth management. CEO Noel Quinn said the “bank was looking at three or four as we speak in insurance and asset management niche” ... ....
photo: Creative Commons
HSBC Building, Markham Liberty Square, Markham, Canada
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HSBC doubles profit, hints at share buybacks as bad loan fears ease

Metro USA 02 Aug 2021
In a separate call with analysts, Quinn also said HSBC was targeting bolt-on acquisitions in Asia outside China to expand its wealth management business, adding the bank was “looking at three or four as we speak” in areas including insurance and asset management.
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RBI policy meeting, auto sales among key factors that may guide markets this week

The Times of India 01 Aug 2021
... and better growth numbers, and the enhancement of Chinese regulatory oversight mainly on tech, and edutech companies, while a political and military stance against China is gaining ground gradually elsewhere,” said Joseph Thomas, Head Of Research, Emkay Wealth Management.
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Weekly Must-Read: In Depth: The Fall of China’s Last Bitcoin Mining Haven

Caixin Online 31 Jul 2021
The Fall of China’s Last Bitcoin Mining Haven. A manager and an investor of a Sichuan Bitcoin mining farm told Caixin about how they had been building their wealth during China’s crypto gold rush — and now they couldn’t do that anymore. China Stocks Retreat in Wake of Regulatory Crackdown ... China Mulls Unified Five Year Plan for Renewables ... # China #.
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Shanghai Composite Index Fell 0.42% on Friday

Caixin Online 30 Jul 2021
China’s benchmark Shanghai Composite Index (000001.SH) lost 0.42% on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.29% ... A manager and an investor of a Sichuan Bitcoin mining farm told Caixin about how they had been building their wealth during China’s crypto gold rush — and now they couldn’t do that anymore.

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