A Beijing-based firm has joined other Chinese wealth managers which have expanded offshore.

A Beijing-based firm has joined other Chinese wealth managers which have expanded offshore.
Andy Chai and Arnaud Tellier have been made co-CEOs of the French bank’s Asia Pacific wealth management division.
Both UBS AM and JP Morgan Global AM score high in terms of retail brand perception and local operational strength.
Economic headwinds, technology shortfalls, regulatory burdens, and talent gaps plague the territory’s wealth management industry, according to a recent survey.
Products that provide regular income streams to investors have become popular in the Lion City this year.
But the momentum of monthly net sales for Hong Kong-domiciled products sold in the mainland (northbound funds) slowed down in August.
They are also embracing sustainable investing and putting succession plans in place, according to UBS’s latest Global Family Office Report.
Nearly all portfolios delivered positive returns last month.
The Hong Kong securities regulator has published its licensing requirements for the territory’s virtual asset fund managers.
Goldman Sachs claims that around $4bn was moved from Hong Kong to Singapore.
Part of the Mark Allen Group.