Latest News for: Wealth management china

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High-profile Boao forum sends message of robust growth

People Daily 31 Mar 2023
China will adhere to reform and opening up and innovation-driven development, no matter how the world will change, Li said ... China's high-quality development brings a more even distribution of wealth and a more sustainable way of growth, said Michele Geraci, former undersecretary of state at the Italian Ministry of Economic Development.
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Financial innovation a cornerstone in nation's modernization

China Daily 30 Mar 2023
Innovation in the financial sector serves as a cornerstone in promoting China's modernization as there is a growing need for wealth management and fundraising for the technology sector, said Wu Xiaoqiu, former vice-president of the Renmin University of China and dean of the China Capital Market Research Institute.
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Xinhua Headlines: High-profile Boao forum sends message of robust growth

China.dot.org 30 Mar 2023
China will adhere to reform and opening up and innovation-driven development, no matter how the world will change, Li said ... China's high-quality development brings a more even distribution of wealth and a more sustainable way of growth, said Michele Geraci, former undersecretary of state at the Italian Ministry of Economic Development.
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Alibaba’s Breakup Plan Is a Hit for Now. Why China Is Still a Concern.

Market Watch 29 Mar 2023
It’s a game changer, not just for Alibaba but sentiment for large technology companies in China and it just sets the stage for what is an extraordinarily cheap stock,” said Tom Masi, co-manager of the emerging wealth strategy at GW&K Investment Management, who has increased his weighting to China in the past year ... It’s the same old China story.
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Many wealthy people are considering leaving China

Economist 30 Mar 2023
He was reportedly persuaded to return by China’s new prime minister, Li Qiang ... Singapore has low taxes, good schools, a booming wealth-management industry and strong cultural links to China ... But the clearest sign of wealth shifting to Singapore is a growing number of Chinese family offices—private companies which manage a family’s assets.
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CMB strengthens asset-heavy business, expands asset-light busi-ness for risk prevention

China Daily 28 Mar 2023
Last year, due to interest rate fluctuations and downward valua-tion, many wealth management products offered by Chinese banks' wealth management subsidiaries fell below their net asset values, sparking surging redemptions of WMPs, said Wang Liang, president of CMB.
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China’s rich flee crackdowns for ‘Asia’s Switzerland’ Singapore

Al Jazeera 27 Mar 2023
... reasons for moving money out of China,” the wealth manager said ... A lawyer in Singapore’s wealth management sector last month estimated that the number of wealth management offices more than doubled in 2022 from 700 offices to 1500, with about half of them originating from China.
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Wealth managers ramp up staff in Hong Kong to chase Chinese demand 

Hong Kong Standard 24 Mar 2023
Noah Holdings), the largest independent wealth management firm in China, was among five private banks and wealth management firms Reuters talked to that said they held client events in the city and organized private art tours.  ... The wealth manager's expansion plan is apart from other middle and back-office staffing.
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UBS offers sweeteners to Credit Suisse Asia wealth bankers to retain talent -sources

Reuters 24 Mar 2023
HONG KONG, March 24 (Reuters) - UBS (UBSG.S) has promised retention packages to wealth management staff in Asia at Credit Suisse (CSGN.S), two people with knowledge of the matter said, as the Swiss bank tries to stem a talent exodus after the takeover of its former rival.
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Interview: Britain-China business ties experiencing pick-up moment, says business leader

Xinhua 24 Mar 2023
China has set its economic growth target at around 5 percent in 2023 to ensure steady and high-quality development, making headlines around the world ... As the wealth of Chinese middle-class consumers grows, financial services, wealth management services, health services, and of course education are all going to expand, said the business leader.
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Hywin Holdings Announces Unaudited Financial Results for the First Half of Fiscal Year 2023

Eagle-Tribune 23 Mar 2023
HYW), a leading independent wealth management service provider in China, today announced its unaudited financial results for the first half of fiscal year 2023 ended December 31, 2022 ... HYW) is a leading independent wealth management service provider in China focusing on providing ...
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Nation to expand financial sector's opening-up

People Daily 21 Mar 2023
China will further expand ... The increasingly deeper opening-up of China's financial markets has provided new opportunities for investors to manage their wealth and allocate their funds, said Xuan Changneng, deputy governor of the People's Bank of China, the country's central bank.
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Hywin Holdings Leads Client Delegation to Hong Kong to Deliver the Global Proposition

Eagle-Tribune 20 Mar 2023
HYW), a leading independent wealth management service provider in China, today ... HYW) is a leading independent wealth management service provider in China focusing on providing asset allocation advisory services and comprehensive financial products to high-net-worth clients.
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Concerns rise as major developed economies rapidly hike interest rates

China Daily 18 Mar 2023
... of China, the country's central bank ... Wealth management and asset allocation are highly sensitive to changes in these important macroeconomic variables. The increasing uncertainty and instability factors will intensify the challenges faced by global wealth management, he added.
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Hywin Holdings to Announce First Half of Fiscal Year 2023 Financial Results on March 23, 2023

Eagle-Tribune 16 Mar 2023
HYW), a leading independent wealth management service provider in China, today announced that it plans to report its unaudited financial results for the first half of fiscal year 2023 ended December 31, 2022, before the market opens on Thursday, March 23, 2023.

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