A Chinese social studies expert said he has confidence in a wealth distribution reform that is likely to be launched later this year in China, but warned that a complete solution will require more time.
From Precy Dumlao, Opalesque Asia – Hedge funds and several foreign institutional investors have packed up their bags and left India on concerns over the proposed tax rules that India plans to implement that could impact on their investments.
In doing so, he has noticed many things, including a preference among Asian investors for assets that they can ‘touch and feel’. In an interview with Sachin P Mampatta, he discusses, among other things, Indians’ obsession with gold, the
Li told investors that while he had no plans to retire, elder son Victor would eventually take over at Cheung Kong Holdings and Hutchison Whampoa, the real estate to telecoms empire founded by Asia's richest man.
The city’s development has been a spectacle to watch; the skyline is a postcard- picture of prosperity, and while traditional noodle shops are still a few beats beyond the glitz, the new money has demanded a profusion of stylish and luxurious avenue
The survey, which polled individuals with an average net worth of $1.4 million in nine Asian countries, focused on how satisfied these millionaires were with their lives and what their expectations were for future wealth creation.
Regulation was going to have a big impact on wealth management operations, Crosby stated at last week’s STEP Caribbean conference held at The Ritz-Carlton, Cayman.