Beijing-based Creditease has set up an overseas wealth management department, the next step in its plan to gain marketshare in overseas Chinese wealth management and eventually list in the US.
Tag: China HNWIs
Noah sees investors turn hesitant
US-listed Noah Holdings reported double-digit net revenue growth during the first half, but noted that investors are increasingly moving to the sidelines due to market volatility.
Noah eyes expansion to Singapore
US-listed Noah Holdings is exploring a Singapore wealth management office and has reported a 24% increase in overall profit for the first quarter.
Jupai in product shift away from fixed income
NYSE-listed Chinese wealth manager Jupai has been moving out of bond products for its wealth management clients and has reported a 28% rise in first quarter net profit.
Report: Asia’s HNW expected to double by 2025
The assets of high net worth investors in Asia-Pacific are expected to reach $40trn by 2025 from about $18.8trn today, according to the Asia-Pacific Wealth Report by Capgemini.
China adds 101 billionaires in 2016
Chinese billionaires are young, self-made entrepreneurs with an increasing interest in investing in social impact, according to a new report from UBS and PWC Hong Kong.
Mason Group’s offshore WM to target Chinese HNWI
Hong Kong financial company Mason Group Holdings has announced plans to build an offshore wealth management business with at least $3bn in assets through a series of acquisitions.
Survey: More Chinese wealth headed to private banks
China’s private wealth seems to be undergoing a shift from self-managed to professional wealth management, according to a survey from Bain & Company.
HK seeks more private bankers for local, China clients
There is a huge demand for relationship managers to look after high net worth (HNW) clients in Hong Kong and mainland China, a trend which is expected to continue in the coming year.
Despite slowdown, Chinese HNWI numbers grow
The number of HNWIs in China grew by a double-digit percentage year-on-year and overseas investments already account for 16% of their invest-able assets, according to a recent whitepaper by CITIC Private Bank and Hurun Report released last week.
