- published: 25 May 2016
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April 22, 2016 2016 Wilbur K. Woo Greater China Business Conference Panel Discussion - Private Wealth Management: The Evolution of China's Private Wealth Market - Developing Effective Strategies for High Net Worth Individual and Opportunities for the United States With: Jon Allen, Sales Vice President, Trumark Financial Joseph Lee, Senior Vice President, Director of Sales, Cathay Wealth Management Tony Yu, Chief Executive Officer and General Counsel, DSG Business, Tax & Wealth Planning, Inc. Moderator: Rex Hong, Senior Vice President, Manager of China Business Development Department, Cathay Bank
High minimum investment thresholds, the expense of professional advice, and the general lack of access to wealth management tools have all served as challenges for small retail investors in China. However, fintech is empowering them by lowering the costs of, and expanding access to, wealth management products, thereby making it easier to manage one’s wealth. This is not unique. Fintech is redefining the wealth management industry globally as machine replaces man in helping HNWIs grow their wealth. Companies like Betterment and Wealthfront are changing the way that people save and invest their money. Robo-advisors and new ETF-like products largely eliminate the human component of wealth management. What about China? Does traditional 'managed' wealth management have a future in the world's ...
Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews The British bank HSBC’s Swiss branch was shown to have sheltered the rich to evade tax. Among the clients are 246 Chinese with total deposits of $517 million. The connections between the listed companies and those in power are also being revealed. “British bank HSBC Holdings PLc admitted failings by its Swiss subsidiary in response to media reports it helped wealthy customers dodge taxes and conceal millions of dollars of assets”, reported Reuters. The International Consortium of Investigative Journalists (ICIJ) has released compiled data dubbed the “Swiss Leak” according to confidential documents from the HSBC Swiss branch. The data was supplied by a former IT empl...
Chinese banks' wealth-management products (WMP) have reported their slowest growth in three years, as financial regulators step up measures to rein in the ballooning sector. Subscribe to us on YouTube: https://goo.gl/lP12gA Watch CGTN Live: https://www.youtube.com/watch?v=L2-Aq7f_BwE Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGTNOfficial Pinterest: https://www.pinterest.com/CGTNOfficial/ Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Learn more at PwC.com - http://pwc.to/VEzdV6 Bhishan Sethi, PwC US Financial Services People and Change Leader, and Susan Hothersall, PwC US Financial Services Manager, discuss finding, developing, and retaining the right talent for the banking sector in China.
With the number of wealthy Chinese businessmen and women steadily rising, the demand for qualified and affordable butlers is also increasing.
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The Shanghai-based Hurun Report has released its first list of self-made billionaires living in the Gulf Coast countries of the Middle East. The company considers the list as part of its efforts to connect more Chinese entrepreneurs with the opportunities on offer in the region. CGTN’s Nawied Jabarkhyl has more. Subscribe to us on YouTube: https://goo.gl/lP12gA Watch CGTN Live: https://www.youtube.com/watch?v=L2-Aq7f_BwE Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGT...
Interested in a career in finance? Huang Fan, CFA, head of wealth management in China at one of the world's leading financial service providers, shares his views on how the CFA® qualification helps in career progression. For more CFA charterholder career stories, visit: https://info.cfainstitute.org/CareerGuide.html?leadsource=FY15-CareerGuide-YouTube_organic #CFACareer
This presentation is a part of "Business and Wealth in Russia and China: Skolkovo-HKUST Joint Workshop" on March 9 - 10, 2015 on the HKUST campus. Prof. Roger King, Director of HKUST Tanoto Center for Asian Family Business and Entrepreneurship Studies; and Winnie Qian Peng, Associate Director for the said center, discuss the Chinese “curse” on family businesses and private wealth in Hong Kong and China. Their presentation slides are available at the Workshop’s web page http://iems.ust.hk/events/event/skolkovo-hkust-joint-workshop/?utm_source=iems&utm_medium=ytube&utm_campaign=skolkovo
China’s ultra-rich are growing in number and in wealth - and are sending billions of dollars out of the country. Much of it is landing up in the U.S. where many children of the wealthy elite are sent to get an American college education — and they’re living large. Vocativ found a sub-culture of these Chinese students in California. They drive luxury cars like Maseratis and Ferraris and flaunt their wealth at discreet private parties and in online groups, like "Super Cars in America”. Subscribe! http://www.youtube.com/subscription_center?add_user=vocativvideo See more on our website: http://www.vocativ.com Follow us on Twitter: https://twitter.com/vocativ Like us on Facebook: https://www.facebook.com/Vocativ
$3.5 Trillion - that is the size of China's Wealth Management products (WMP) market and it is estimated to make up 35 percent of GDP. Authorities are concerned and want to reign it in. Retail investors are the majority of buyers of WMP’s which offer higher interest rates than a bank deposit. But it isn't always clear what assets the funds are buying to finance payouts, and that's where potential problems loom. China's banking regulator is proposing tighter rules to protect investors. The regulations would cap the involvement of smaller banks and ensure that lenders have enough capital to protect against potential losses. For over two years ratings agencies like Standard and Poors and Fitch have warned that WMP's were creating growing risks in the Chinese banking sector and analysts sa...
Huang Fan, CFA, head of wealth management in China at one of the world's leading financial service providers, explains what a wealth manager does and shares his views on how the CFA® qualification fits into the growth of the financial services industry in mainland China. For more CFA charterholders career stories, visit: https://info.cfainstitute.org/CareerGuide.html?leadsource=FY15-CareerGuide-YouTube_organic #CFACareer
At this year's Global Private Banking Awards ceremony in Geneva, Kathy Shih, head of Wealth Management Asia Pacific at UBS talks to Yuri Bender about the bank's growth strategy, managing costs and its multi-centre approach in Asia in 2014.
Goldman Sachs offers students pursuing an MBA or other advanced degree the opportunity to advise clients and engage with decision makers from the moment they start at the firm. In Private Wealth Management and in our Investment Banking Division, associates work alongside senior leaders, leveraging the skills they have learned in their graduate programs to help devise strategies for our clients around the world. Learn more: http://link.gs.com/lbXJ