Wealth experts believe the rollout of Wealth Connect could help to entice wealthy individuals and then family offices to establish operations in the city, especially if initial quotas are raised.
Rising interest rates and access to alternatives such as digital assets are driving the trend, as China’s wealthy show the most interest in ESG.
The disease did not greatly impact the investing habits of the ultra-rich, but is driving them to consider more investing guidance, sustainability and succession planning, says a new study.
Capgemini’s latest report is a wake-up call for wealth managers as the heads of rich individuals are turned by big tech firms for information and value-added services.
Taiwan wants to lure wealthy investors' capital from Singapore and above all Hong Kong but it ideally needs lower tax rates to do so, says a senior local regulator.
The local regulator is preparing proposals that aim to make Taiwan as appealing as Singapore and Hong Kong as a wealth hub. Challenges abound though.