Hong Kong’s wealth management sector has emerged as a global powerhouse, fueled by a 13% surge in assets under management (AUM) to $4.5 trillion as of early 2025. This growth, driven by record fund inflows and strategic policies, positions the city as a critical node for capital flows, particularly for investors seeking exposure to Asia’s…
At Po Leung Kuk Ngan Po Ling College in Hong Kong, Smriti Kedia witnessed her mother burst into tears when her daughter’s near-perfect results in Hong Kong’s university entrance exams came in. “It was just like a big sigh of relief,” said Kedia, who received four 5** grades and two 5* grades, the top two…
MiniMax, the artificial intelligence (AI) start-up backed by two of China’s largest technology conglomerates, has confidentially applied for a Hong Kong initial public offering (IPO), according to people familiar with the matter. China International Capital Corporation and UBS are the sponsors for the listing, according to the sources, who declined to be identified for discussing…
Hong Kong’s property sector could face some “short-term challenges” but “the risks are manageable” because the city’s economy was diversified and sat on a solid foundation, the chairman of the Financial Services Development Council (FSDC) said on Wednesday. “As an international financial centre, the global uncertainties would mean some Hong Kong industries would face certain…
China finished third after edging past China’s Hong Kong 1-0 in their final game at the EAFF E-1 Football Championship, which is also known as the East Asian Cup, in Yongin, South Korea, on Tuesday. Meanwhile, Japan defeated the hosts South Korea 1-0 Source link
Hong Kong strengthened its position as a leading global wealth management hub after investors committed major capital to the city last year, lifting assets under management to HK$35.14 trillion (US$4.5 trillion), just shy of an all-time high, before stocks and other instruments delivered hefty gains. Assets under management in the city grew almost HK$4 trillion…
One in 388 homeowners in Hong Kong has a net worth of more than US$30 million, making the city No 3 in terms of ultra-wealthy residents among urban centres outside the US, according to a study released on Wednesday by Altrata. Overall, Hong Kong also had the third highest number of ultra-high-net-worth individuals (UHNWIs) owning…
Terrence Tang is the head of wine and spirits for Asia at auction house Bonhams. He spoke to Andrew Sun. When I was growing up my family frequently dined out and we had a particular fondness for Chinese cuisine. We would go for dim sum every week, as well as explore new restaurants. Now, I…
Hong Kong striker Matt Orr said the East Asian Football Championship should face questions about its “timing and organisation”, but believed his side could only benefit from playing against the region’s better teams. Winners Japan and South Korea, the hosts and runners-up, were both significantly understrength for the four-team tournament, which was staged outside an…
A gambling debt linked to Hong Kong actor Jacky Heung has been fully settled, Macau casino operator MGM China has said, saying legal proceedings have been terminated. The casino company made the statement on Wednesday, a day after the media reported that its subsidiary, MGM Grand Paradise, had issued a writ against Heung. The actor…