Wealth management and asset management are already prevalent in the lifestyles of many people in the APAC region. This is set to increase dramatically as a rising youthful workforce offers an attractive hedge against an ageing population. The region is home to more than 600 million youths aged between 15 and 24. The potential is enormous in relation to wealth management and asset management. So, what does the future hold?
The growing economic and financial power of the APAC region is expected to come to the fore over the next couple of decades. This will have enormous implications for investment markets with growth in domestic demand and supply as well as investment by overseas companies. Back in the 1980s, led by Japan, the Far East was one of the strongest economies in the world. Unfortunately, the demise of Japan reduced this power, but history is about to come full circle!
Hong Kong and China’s role and presence within the global investment scene have grown significantly in recent years. Many people expect more of the same – a significant increase in trading volumes, IPOs and new listings – which will take Hong Kong to a different level. While much has been made of recent meetings with Middle East representatives and potential investors, do investors need to pay more attention to the role of global custodians?
While the Regional Comprehensive Economic Partnership (RCEP) may attract little media coverage outside the Far East, this trade arrangement could be a game changer. The partnership has been in the offing for some time, although it was only officially launched in January 2022. So who is part of the RCEP, and what are the long-term benefits?
A joint report published by Raffles Family Office and Campden Wealth has cast a fascinating light on the thoughts of family offices going forward. The report is based on a survey of 382 family offices worldwide, with 20% situated in the Asia-Pacific region. Focusing on the 76 Asia-Pacific-based family offices that responded to the survey, some interesting trends are emerging.
Over the last few months, there have been calls to spin off the HSBC Asian operation into a separate entity. In the background, we have also seen several Far East technology companies repatriating their listings to Hong Kong. This then prompts the question, are global regulations holding back the progress of Asian-based businesses?
If we look at Far Eastern financial markets today, the power axis has changed dramatically over the last 40 or 50 years. It is very easy to forget the heady heights of the 1980s and the booming Japanese stock market. Fast forward to today, and the situation is very different, but what does the future hold?
The subjects of global investment, diversification and access to overseas markets are front and centre for investors and financial markets. For many years the UK has been one of the leading countries in financial services and the enhancement of global investment opportunities. Moreover, as individual countries and the broader APAC financial service sectors continue to grow, we have seen the enhancement of relations with the UK.
Hong Kong and China began working with the “Stock Connect” system only a decade ago. This facilitated global investment with local clearing services so international investors could transact under international regulations. While this has been a welcome addition for those looking at global investment strategies, many people are unaware of the full depth of the Connect system.
There is no doubt that the FinTech market has been one of the major success stories since the turn of the century. These nimble and innovative start-ups have disrupted traditional markets and forced many banking institutions onto the back foot. While the future still looks promising for FinTechs, recent developments have seen valuations come under pressure. Will traditional banks raid the APAC FinTech sector and take advantage of reduced valuations?
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