In today’s installment of Wealth, Brad Smith tackles the biggest personal finance topics ahead of Tuesday’s presidential election. The show welcomes Haywood Wealth Management president and co-founder Justin Haywood to discuss how investors should interpret market volatility connected to the 2024 election and the Federal Reserve’s interest rate decision this week. Romer Debbas managing partner…
One trading session left. That’s all Wall Street has before Tuesday, when US voters begin the process of picking their next president and potentially determining the direction of the economy for the next four years. Traders are buzzing about the possibilities, constantly checking the latest polls and moves in election betting markets to divine who’s…
In Chief Executive John Lee’s policy address earlier this month, he issued the clarion call for Hong Kong to become an international hub for “high-calibre talent”. We believe one set of critical talent are those related to Hong Kong’s status as an international financial centre. This seems clear from Lee’s policy address. Nevertheless, his speech…
The vitriol dominating public discourse in the run-up to US presidential elections may be aggravating divisions among Americans, and is also wearing down a key advantage the country has over Chinese leader Xi Jinping: soft power. Generations of young Chinese grew up admiring Disney films and iPhones but the affinity is now fading, according to…
One of Hong Kong’s biggest property agencies is ramping up its family office business by partnering with China’s No. 2 mutual fund to push wealth management products amid a real estate slump. Centaline Wealth Management Ltd., a subsidiary of Centaline Group, will start offering products including fixed-income, money market fund and exchange-traded funds with China…
India is shaping up to be a destination for investors seeking a relative shelter from financial volatility linked to the US election. A steady influx of foreign capital has positioned the nation’s bonds among top performers in developing markets this year, while the country’s stock market hit a record high last month, buoyed by robust…
You know better than to buy high and sell low. And right now, markets are high. The S&P 500 is near its peak. On Monday, it recorded its 46th all-time high of 2024. The Nasdaq is up 33% from a year ago, the Russell 2000 some 30%. These records come paired with another reality: Lots…
HSBC, the city’s biggest lender, expects six more rate cuts in the US, which will considerably bring down the cost of funding and benefit the local economy and markets, according to its Hong Kong head. The Federal Reserve, which cut its key rate by half a percentage point on September 18, will undertake another six…
Hong Kong is set to overtake Switzerland as the world’s top destination for cross-border wealth management in the next couple of years, but growing competition does not leave room for complacency, according to Joseph Chan Ho-lim, the undersecretary for financial services and the treasury. He cited reports by UBS and Boston Consulting Group, which predicted…
Horse racing, golf and fireworks dinners along with international school visits are some of the special incentives offered by major Hong Kong banks to attract new clients from the mainland visiting the city during the National Day golden week holiday. The holiday, which runs up to October 7, is expected to draw more than 1.2…