HSBC opens private banking business in Shenzhen
To extend its wealth footprint in the Greater Bay Area
To extend its wealth footprint in the Greater Bay Area
It has been told to carry out the pilot project in a ‘safe and orderly manner’
As Pictet overweights equities to take ‘advantage of attractive valuations’
‘You either let omicron spread, or the supply chain collapses or at best comes under unprecedented pressure’
It is the third Sino-foreign JV wealth company given green light to start business
In a bid to sell mutual funds to retail investors
Regulatory changes have made it a ‘much more interesting market for people that want to deploy resources’
It will be the fifth overseas company to form a wealth partnership in the country
It helps the bank with its ‘strategic priority of being a leading wealth manager in Asia’
Its legal and financial systems make it an offshore wealth centre that attracts money
First batch is now offered to individual investors in four cities
Britain is one of the ‘most secure jurisdictions in which to hold assets’