Asian business founders and wealth owners are ageing, and more of them than ever are transferring their assets to younger family members in what has been dubbed the Great Asian Wealth Transfer. This trend is setting the stage for private wealth management advisers and banks to shine through comprehensive estate and legacy planning.
Prenuptial agreements have long been considered a taboo subject, often associated with a lack of trust in a relationship. However, the perception of prenups is shifting, particularly in Asia, where more couples are recognizing the benefits of openly discussing financial matters and planning for the future. In this article, we will explore the changing landscape of prenuptial agreements in China, examine the reasons behind their increasing popularity.
The ASEAN Economic Community (AEC) thrives in the busy centre of Southeast Asia, embarking on a road towards regional economic union. The AEC envisions a thriving, wealthy, and highly competitive economic zone, with its roots firmly planted in the free flow of products, services, investment, and skilled labour among its member nations. It's a world where the essence of a well-integrated and coherent economy collides with the desires of ultra-high net-worth individuals (UHNWIs) and high-net-worth individuals (HNWIs), marking the arrival of increasing riches and investment opportunities.
Hong Kong, known as Asia's financial hub, is solidifying its claim as a destination for high net worth family offices. In 2023, the city launched the Hong Kong Academy for Wealth Legacy, an academy dedicated to nurturing financial talent and fostering collaboration between family offices and wealth management professionals. With the support of industry leaders and the government's commitment to attracting new family offices, Hong Kong is poised to manage the lion's share of Asia's wealth.
China's transformation into a high-tech manufacturing powerhouse has potentially opened up attractive investment opportunities for high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs). The narrative emphasises China's significant export potential while highlighting its expanding manufacturing and technology sectors.
For a long time, he was the richest Chinese; a few years ago, he fell to fourth place. Jack Ma, the founder of Alibaba, one of the largest e-commerce platforms in the world, and the founder of Fintech Ant Group, today presents himself above all as a philanthropist.
In recent years, Chinese investment in Africa has been a topic of much debate and analysis. While some argue that China is exploiting the continent's natural resources for its own economic gain, others believe that Chinese initiatives are aiding Africa's development and contributing to its economic growth.
The economic relationship between the United States and China is a cornerstone of the global financial landscape. Their trade interactions, often termed Sino-American trade relations, have ripple effects across international markets, influencing asset values, investment opportunities, and global supply chains.
Currently the fastest-growing economy in Southeast Asia, Vietnam’s technological prowess and unexplored prospects present a host of opportunities for foreign investors. Along with the rise of new fintech companies, there has been spectacular growth in the wealth management sector in the country.
Seoul, the capital of South Korea, has quickly become a major international hub for the arts, captivating art lovers with its vibrant energy, rich cultural heritage, and thriving art scene. The city is making its mark in the art world, attracting collectors, galleries, and artists from around the world. What are the factors that have contributed to Seoul's rise as an art hub?
Wealth among High Net Worth Individuals (HNWIs) and Ultra High Net Worth Individuals (UHNWIs) in Southeast Asia is rapidly increasing. At the same time, these wealthy individuals are altering their charitable giving practices. The global pandemic and an emphasis on social issues are major drivers of this shift. Instead of typical donating, they choose to make deliberate, impactful donations. In today's society, social problems and investment opportunities frequently coexist. Understanding new ways of giving is therefore critical, not only for society but also for sound financial planning.
In an era marked by rapid advancements and unprecedented global changes, the Innovation & Technology (I&T) sectors are transforming more than just economies—they are altering the very fabric of our societies. From biotechnology breakthroughs to the rise of artificial intelligence, these sectors are creating investment avenues that didn't exist a decade ago. For Ultra High Net Worth Individuals (UHNWIs) and High Net Worth Individuals (HNWIs), these developments pose opportunities and challenges that are impossible to ignore.
Reliance Industries, India's largest company, is undergoing a generational shift. Concerns over a rekindled family feud cast a cloud on succession arrangements.We explain the details below.
High-speed trains are an extremely efficient way of transporting people and goods between different places. Energy-efficient or magnetically powered trains are an environmentally friendly alternative to air travel at a time when nations are trying to reduce their carbon emissions. One country that is already making this technology work for them is China. So let's now take a look at these new magnetic high-speed trains.
Singapore's real estate market has shown remarkable resilience in the face of global economic challenges. Singapore's housing market has remained healthy, with private residential property prices rising steadily. This article examines the key market trends that will shape Singapore's real estate market in 2023 and provides insights into the factors driving the market.
Although the Chinese government sees Artificial Intelligence (AI) as a strategic technology that helps it achieve its economic and geopolitical goals, the country laid out its rules to regulate those who provide generative AI capabilities to the public in China.
Singapore has emerged as the leading financial centre in the Asia-Pacific region, solidifying its position as a global hub for financial services. With its impressive rankings in various categories and proactive government initiatives, Singapore has proven itself to be a formidable player in the international financial landscape.
