Archive Results for Daily News Analysis

08th October 2000 to 08th October 2010

Goldman Sachs Sells Remaining Stake In China's Biggest Bank

May 21, 2013

Goldman Sachs is selling its remaining stake in Industrial & Commercial Bank of China for around $1. 1 billion, getting out of the investment it made in China's biggest bank seven years ago, the Wall Street Journal reported. The Chinese bank was one of the first of its kind to accept foreign investors as shareholders.

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Number Of New Chinese Wealth Management Products Dropped As Regulators Tightened Grip

May 21, 2013

Recent moves by the Chinese authorities to crack down on potentially risky wealth management products has cut the number of new products and their yields, Xinhua has reported. Chinese banks and financial institutions in April issued 2,439 wealth management products, a kind of high-interest deposits, a 12. 8 per cent drop from the level in March, the news service said, citing Bankrate.

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INVESTMENT COMMENT: (Not So) Big In Japan - Psigma

May 21, 2013

Editor’s notes: These are views, originally sent out in an investment note, from Tom Becket, the chief investment officer at Psigma Investment Management. The views expressed are those of Becket and his firm and not necessarily shared by this publication. Traitor! Turncoat! Judas! This week we committed an act of treachery by recommending that our Investment Managers reduce their Japanese exposure.

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Wealth Preservation, Family Top Investment Priorities Of Chinese HNWIs - Study

May 21, 2013

China is poised to see a further 20 per cent rise in its total number of high net worth individuals this year as wealth creation and preservation continue to drive investment choices, a study by Bain & Company reveals. In the research titled "China Private Wealth Report 2013," the number of Chinese HNW individuals grew to over 700,000 at the end of 2012, more than doubling since the end of 2008. The report defines an HNWI as someone with approximately $1.

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South East Asia Gears Up For Property Boom; China Tries To Cool The Pace

May 21, 2013

South East Asia is expected to see a further increase in property prices in the next six months as the infrastructure, investment and tourism boom continues in various territories, a new report by ASEAN Confidential shows. In a survey of over 5,000 consumers from ASEAN countries, 73 per cent said that property prices are expected to rise by the end of the year. Respondents from Malaysia were the most bullish, with two-thirds saying that the property market is booming.

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Summary Of Latest Private Banking, Wealth Management Results

May 20, 2013

Here is a summary of results from private banks and other wealth management firms in North America, Asia, Europe and other locations. Note that not all the institutions are exactly comparable and may report their wealth management business in different ways. The figures may be revised at a later date as more figures come in.

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Indian HNWIs Invest In New Niche Entertainment Channel

May 20, 2013

Some of India's richest individuals have come together to launch a new entertainment channel focused solely on Indian history, culture and mythology. Epic, the new pay television channel set to go on air in August 2013, is led by Mahesh Samat, ex-managing director of Disney (from 2008 to 2012). Anand Mahindra, chairman and managing director of Mahindra & Mahindra, is one of the high net worth personalities investing in the venture.

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China Renaissance Announces New COO

May 20, 2013

China Renaissance Group, the Chinese investment bank that also caters to entrepreneurs and financial sponsors, has appointed a new chief operating officer. Christine Low takes the lead role after serving as Asia investment banking COO at UBS. Prior to that, she was part of UBS Securities in Beijing also as investment banking COO.

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EXCLUSIVE INTERVIEW: Treating Client "Perks" As A Strategic Private Banking Issue

May 20, 2013

Editor’s note: This interview with Steven Seow, director, financial services, performance improvement, at Ernst & Young, examines the question of whether private banks can take a strategic view of offering “perks” to clients. The article looks at the Asian market, although the relevance of the points made in the article are potentially global in nature. What is the general trend in offering such perks and the rationale behind them? As the competition in private banking space grows rapidly, particularly in the Asian market, many traditional "perks" offered to high-net worth clients are slowly becoming the commonly expected norms, such as preferential rates/fees and personalised services on related banking and .

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EXCLUSIVE: The Future Of Private Banking - WealthMatters Hong Kong Conference

May 20, 2013

This is the final report covering the recent WealthMatters Hong Kong conference, hosted by the publisher of this website, Clearview Financial Media, in association with Coutts. This article covers the third panel: The future of private banking, against a background of changing Chinese demographics. Readers can view the first two articles in the series here and here.

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