Transcribed

Hong Kong Could Take Switzerland's Wealth Crown

Aug 28, 2024 · 22m 59s
Hong Kong Could Take Switzerland's Wealth Crown
Description

Hong Kong's wealth management is booming as rich mainland Chinese investors pour in funds. The city’s offshore wealth-under-management industry now amounts to more than $2.2 trillion, the second largest in...

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Hong Kong's wealth management is booming as rich mainland Chinese investors pour in funds. The city’s offshore wealth-under-management industry now amounts to more than $2.2 trillion, the second largest in the world, and is approaching Switzerland's level. What's driving these rich Chinese to invest overseas, and how will China's economic slump impact future flows? Lemuel Lee, Head of Wealth Management Hong Kong at BNP Paribas, and Sharnie Wong, Senior Financials Analyst at Bloomberg Intelligence, discuss these issues with host John Lee on the Asia Centric podcast.See omnystudio.com/listener for privacy information.
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Author Bloomberg
Organization iHeart Podcasts
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