China
China holds half of Apac billionaire wealth
Ultra-high net wealth individuals in Asia Pacific make up 38% of the global billionaire population
Chinese wealth firm mulls retail fund business
It has also applied for a mutual fund advisory licence in the country
Ping An of China AM targets global investors with umbrella fund
It wants to launch ‘more products and services’ that meet demands of people across the world
Life insurer eyes expansion in Singapore
It hopes agency channel will be ‘powerful platform’ to ‘nurture top talents within the industry’
Vanguard exits Hong Kong
Firm has ‘future aspirations’ in Asia to serve Chinese individual investors in mainland China