Further to HK: Bang balls S'pore & ang moh media, here's why "Switzerland could lose wealth crown to Hong Kong". It's all about China. A report by Knight Frank, a London-based property consultancy: tracks the number of "high-net-worth i… Read on blog or Reader Thoughts of a Cynical Investor Read on blog or Reader Why HK is still a global financial centre By atans1 on 23/06/2024 Further to HK: Bang balls S'pore & ang moh media, here's why "Switzerland could lose wealth crown to Hong Kong". It's all about China. A report by Knight Frank, a London-based property consultancy: tracks the number of "high-net-worth individuals" (defined as those with assets of $1m or more). The global number is expected to rise by 28% between now and 2028. But in China it is expected to increase by 47%. Big multinational banks say they are increasing their wealth-management services for Chinese clients. Economist Wealthy Chinese investors are snapping up Hong Kong investments, like insurance and high-yield time deposits, to escape a weakening yuan and a shaky property market back home. https://finimize.com/content/wealthy-chinese-investors-flock-to-hong-kong-financial-products#:~:text=Wealthy%20Chinese%20investors%20are%20snapping,shaky%20property%20market%20back%20home. Comment Like You can also reply to this email to leave a comment.

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