What it's like living in Hong Kong as a billionaire

While many Hong Kong residents struggle to pay astronomical prices for "nano apartments" or "coffin homes," the city's ultra-rich residents live in multimillion dollar mansions in ritzy neighborhoods


China’s Asset Management Sector Set for Shake-Up

The new rules require existing wealth management units to be split off from their parent banking entities to eliminate implicit guarantees on WMPs (wealth management products) and prevent the spread of risk to the broader financial system.