08 Feb '18, 2am

Rich Chinese pouring more and more money into Singapore, not Hong Kong: Bloomberg

Rich Chinese pouring more and more money into Singapore, not Hong Kong: Bloomberg

The changing preference of the Chinese super-rich when it comes to investing their wealth could have major consequences for Singapore’s status as a financial hub , according to Bloomberg. China’s high-net-worth individuals control an estimated US$5.8 trillion—almost half of it already offshore, according to consulting firm Capgemini SE. And this huge pile of money is what is at stake for banks in both cities. Advertisement For years, China’s wealthy elite flocked to Hong Kong to bank their money, instead of overseas financial centres like New York, London and Singapore. The attractions were obvious, it was a familiar environment while still remaining relatively free of oversight from Beijing. Advertisement Feeling exposed Bloomberg interviewed wealth managers saying wealthy Chinese find Singapore preferable because it’s at a safer distance from any potential scrutiny from ...

Full article: https://mothership.sg/2018/02/china-overseas-investors-si...

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For China’s wealthy, Singapore is the new Hong ...

bloomberg.com 07 Feb '18, 3pm

When more than 80 of China’s wealth managers gathered recently at the Shangri-La hotel on Singapore’s resort island of Sen...

For China’s wealthy, Singapore is the new Hong ...

bloomberg.com 07 Feb '18, 5am

When more than 80 of China’s wealth managers gathered recently at the Shangri-La hotel on Singapore’s resort island of Sen...

For China’s wealthy, Singapore is the new Hong ...

bloomberg.com 06 Feb '18, 11pm

When more than 80 of China’s wealth managers gathered recently at the Shangri-La hotel on Singapore’s resort island of Sen...

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bloomberg.com 06 Feb '18, 9pm

When more than 80 of China’s wealth managers gathered recently at the Shangri-La hotel on Singapore’s resort island of Sen...

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bloomberg.com 07 Feb '18, 4am

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Chinese New Year (2018) at Folklore, Destination Singapore Beach Road | Six&Seven | Singapore Food Blog

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