Puhui Wealth joins the growing list of Chinese firms expanding outside of the mainland.

Robbie is a reporter for International Adviser, covering global news stories about the financial services industry. He joined Last Word Media in October 2018 after nearly two years working at a group of private banking publications, firstly as a reporter then as assistant editor. Robbie can be contacted via email at robbie.lawther@lastwordmedia.com and on Twitter @RLawther94
Puhui Wealth joins the growing list of Chinese firms expanding outside of the mainland.
Regulations are also pushing family offices to adopt global best practices and hire professional management.
The SFC fined the bank for ‘systematically overcharging’ around 5,000 clients on fees, according to the regulator.
The firm hopes to offer services across Southeast Asia from its regional base in the country.
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The bank joins a number of wealth and asset managers that have recently set up in the country.
The deal comes after the firm launched its wealth management business in Thailand.
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TA Investment Management’s product will invest in Islamic negotiable instruments of technology companies.
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Part of the Mark Allen Group.