The re-emergence of Jack Ma in a public forum with Chinese president Xi Jinping could signal the return of animal spirits to the country’s markets and the end of a regulatory crackdown cycle. That is according to private bank CIOs, who believe that the country’s hosting of a rare private sector symposium on Monday featuring the country’s most prominent entrepreneurs […]

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China’s tax authorities are putting more scrutiny on the offshore income of ultra/high net worth individuals (U/HNWIs), according to legal experts, in a move that could have ramifications for private bankers in key global wealth hubs. While laws are already in place requiring Chinese citizens to declare and pay tax on overseas income, such laws were rarely enforced until now, […]

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Private banks and asset managers are questioning whether China can meet its GDP growth target of “around 5%” for 2024, after new data showed a marked deceleration in household spending and a continued downturn in the property market. According to official 2Q24 data released on Monday, annualised GDP grew at 4.7%, down from 5.3% YoY. The result fell far short […]

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Asia’s private banks remain bullish on India in the long term despite volatility in shares and bonds sparked by Prime Minister Narendra Modi’s surprise failure to secure a parliamentary majority. Modi, of the ruling Bharatiya Janata Party (BJP), is set to be India’s Prime Minister for a third term after a tight election in which the party fell short of […]

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It has been a week that will linger in the minds of private bankers across Asia-Pacific for some time to come. The collapse of Silicon Valley Bank (SVB) earlier in March kicked off a period of tumult in markets from Wall Street to Asia, raising concerns over the integrity of the global financial system as the Federal Reserve forges ahead […]

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This week: UBP: Policymakers need to be forward-looking in tech regulation; VP Bank: An economic upturn does not make everyone a winner; StanChart PB: US equities may be overbought with a short-term pause likely; Bank of Singapore: No-deal Brexit will likely lead to financial markets to price in a “chaotic exit”; The Capital Company: Once unleashed, inflation could severely affect […]

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