Latest News for: China private wealth

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Credit Suisse Makes New Hires in Push to Capture China’s Rich

Caixin Online 13 May 2021
... focused on Greater China. “Asia Pacific is a growing region, and the fundamentals underpinning wealth creation remain positive, especially in North Asia and China,” said Francois Monnet, head of private banking North Asia and chief executive of the bank in Hong Kong, in the memo.
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CICC seeks to help fund carbon neutrality target

Shenzhen Daily 25 Apr 2021
DOMESTIC investment bank China International Capital Corp ... Special “green” task forces have also been set up covering business sectors including fixed income, private equity, wealth management and research, as CICC seeks to capitalize on China’s green finance boom, said Cheng, who is coordinating the efforts.
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Museum's road to success paved with gold

China Daily 10 Apr 2021
It will go down as one of the most pivotal meetings in recent history for private museums in China, one resulting in their demonstrating that it is not just state institutions with seemingly boundless wealth that can have great sway in the world of culture.
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Chinese wealth management services provider Hywin Holdings debuts on Nasdaq

China.dot.org 26 Mar 2021
Driven by private wealth accumulation and evolving risk appetite, the investment preference of investors in China has shifted toward a more diversified and professional asset allocation, which in turn has fostered the development of third-party wealth management service in China, she noted.
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Outgoing OCBC CEO Samuel Tsien to be adviser to bank's board upon retirement

Straits Times 25 Mar 2021
Ms Helen Wong, former CEO of HSBC in Greater China, will take over as the new group CEO from April 15 ... She started her career in banking with OCBC in 1984, and was its first China desk manager ... In 2016, OCBC's private banking arm, Bank of Singapore, also acquired the wealth and investment management business of Barclays in Singapore and Hong Kong.
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Former Top Securities Regulator Urges Revisions to Family Trust Law

Caixin Online 04 Mar 2021
Family trusts are among the most important institutional arrangements for the protection and inheritance of private enterprise wealth, Xiao said ... There are 32 million private enterprises in China, and private entrepreneurs have a strong demand for family trusts, Xiao told Caixin.
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America versus China: The Consequences of Moving from Industrial to Financial Capitalism

GlobalResearch 18 Jan 2021
China is gaining wealth the old-fashioned way, by producing it ... “China is gaining wealth the old-fashioned way, by producing it.” ... Well, the problem is that the system that was put in with the privatization that’s occurred, how do you have Russia’s wealth used to develop its own industry and its own economy like China was doing.
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Casualty of China’s antitrust probe

Taipei Times 06 Jan 2021
However, other Chinese e-commerce companies have the same rule, and there are worse monopolists in China than Alibaba ... However, as the antitrust investigation into Alibaba shows, China’s private-sector elites will never be genuine regime insiders ... China’s entire private sector has a target on its back.
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China's Zhong Shanshan replaces Mukesh Ambani as Asia's richest person

Yahoo Daily News 31 Dec 2020
China ... China's Zhong Shanshan replaces Mukesh Ambani as Asia's richest person ... That title now belongs to China's Zhong Shanshan, a vaccine magnate and the founder of the bottled water company Nongfu Spring. Zhong (66) is now the 11th richest person on the planet, yet the private billionaire remains largely unknown outside of China ... Wealth.
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Credit Suisse targets annual 10% jump in wealth earnings to hit profit target

Metro USA 15 Dec 2020
It said on Tuesday it planned to reinvest most or all of those savings into technology as well as wealth management and investment banking growth initiatives, including a push to bring its wealth business onto onshore China, as well as expanding offerings for ultra-wealthy private customers and boosting mergers & acquisitions activity.
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UAE- Gulf funds spur India to outpace China as most-preferred FDI hub

MENA FN 15 Dec 2020
(MENAFN - Khaleej Times) India has replaced China as the most sought-after investment destination for global sovereign wealth funds in the private... .
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KraneShares Launches China Consumer Leaders ETF (Ticker: KBUY)

Finger Lakes Times 10 Dec 2020
"China has a population of 1.4 billion consumers who have seen their per capita wealth climb steadily over the past decades ... CICC is a leading, publicly-traded, Chinese financial services company with expertise in research, asset management, investment banking, private equity, and wealth management.
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KraneShares Launches China 5G and Semiconductor ETF (Ticker: KFVG); Surpasses $100 Million AUM

The Saratogian 01 Dec 2020
China has quickly emerged as a world leader in 5G spending and adoption ... Krane Funds Advisors, LLC is majority-owned by China International Capital Corporation (CICC) ... CICC is a leading, publicly-traded, Chinese financial services company with expertise in research, asset management, investment banking, private equity, and wealth management.
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JPMorgan to double Singapore private bankers serving Chinese clients

Straits Times 30 Nov 2020
SINGAPORE (BLOOMBERG) - JPMorgan Chase & Co�plans to double the number of private bankers serving Chinese clients from Singapore over the next two years, signalling its ambition to tap growth from Asia's second-largest wealth market ... "With rapid wealth creation in China, there is ...
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JPMorgan eyes newly rich Chinese from Singapore

Taipei Times 30 Nov 2020
JPMorgan Chase & Co plans to double the number of private bankers serving Chinese clients from Singapore over the next two years, signaling its ambition to tap growth from Asia’s second-largest wealth market ... “With rapid wealth creation in China, there is a need for insightful ...
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