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Exclusive | Goldman Sachs champions legacy planning as US$6.1 trillion wealth transfer looms in Asia

Goldman Sachs is pushing legacy planning in Asia, including succession and philanthropy, as family offices boom and family-owned businesses continue…

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New Business

Wasteful investments drain China’s economy, undermine government credibility: state media

Inefficient investments continue to be a drain on the economy, and debt-laden local governments need to ensure that the projects…

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New Business

Top Hong Kong women CEOs talk about the beloved school that fuelled their success

When Bonnie Chan Yiting interviewed for the top job at Hong Kong Stock Exchanges and Clearing (HKEX), she recited a…

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New Business

Manulife picks its chief actuary Steve Finch as Asia CEO to lead its biggest profit centre

Canada’s biggest insurer Manulife Financial has appointed its chief actuary Steve Finch to head its Asian business, picking a company…

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New Business

Stop ‘flaunting wealth’, Chinese bankers told in new guidelines

China’s securities association has published new draft guidelines that will penalise companies whose staff flaunt their wealth and privilege, as…

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New Business

Federated Hermes mulls Hong Kong office as US fund manager plots growth in Asia: CEO

Federated Hermes, a New York-listed global fund manager, is considering setting up an office in Hong Kong as it expands…

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New Business

Home prices in China’s biggest cities stabilise under Beijing’s stimulus measures

New home prices across mainland China in December registered the smallest month-on-month decline since June 2023, propelled by Beijing’s stimulus…

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New Business

China, Hong Kong pools of ultra-rich shrink and Asia’s wealth engine cools, Altrata says

The number of ultra-wealthy, defined as individuals with a net worth of more than US$30 million, in China fell for…

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