Asia
Most important wealth hubs in Asia are Singapore and Hong Kong.
Singapore
An island city-state off the southern tip of the Malay Peninsula Singapore is a highly cosmopolitan city with a key role in international finance and trade. It has a diverse populace of nearly 5 million people which is made up of Chinese, Malays, Indians, Caucasians and Eurasians and Asians of different origins. Singapore has a highly developed market-based economy. Along with Hong Kong, South Korea and Taiwan, Singapore is one of the Four Asian Tigers. Singapore finance stands for highly developed mixed economy, with minimal government intervention. Singapore has one of the world’s highest per capita GDPs.
Singapore has gained economic importance in Southeast Asia due to its strategic location on critical sea routes and its industrious population. The country has been attracting thousands of multinational corporations from across the globe due to its political stability, free market economy, business friendly environment, skilled workforce and advanced infrastructure. Singapore has the highest density of millionaires in the world. Its wealth management industry prospers while United States and Europe trying to catch all the HNWIs into the tax trap. Singapore is often compared with Zurich by the density of its wealth managers and private banks per square meter. Currently Singapore asset managers have app. 800 billion $ under management and the average client has 50 million $ to invest. Singapore bank secrecy is tighter then Swiss and it doesn’t exchange bank data neither with the USA nor with the EU. Singapore may become the Nr.1 place for wealth management in the world in the next couple of years.
Hong Kong
If Singapore is compared with Zurich, then Hong Kong can be compared with Geneva. Hong Kong is one of the two special administrative regions of the People's Republic of China; the other is Macau. Situated on China's south coast and enclosed by the Pearl River Delta and South China Sea. HK has a population of seven million people; Hong Kong is one of the most densely populated areas in the world. It has one of the highest concentrations of banking institutions in the world. 71 of the largest 100 banks in the world have an operation in Hong Kong. At the end of September 2004, there were 133 licensed banks, 42 restricted-licence banks and 36 deposit-taking companies in business, giving a total of 211 authorised institutions, with 1295 local branches. 186 of these 211 authorised institutions are beneficially owned by interests from 31 countries. In addition, there are 85 local representative offices of overseas banks in Hong Kong. Hong Kong has a very large proportion of its HNWIs in the $1m-$5m wealth band Hong Kong is the ultimate hub to market investments to 340,000 Chinese millionaires.
We also have strong ties to HNWI community in Thailand, Vietnam, Malaysia, Taiwan,Macau, Indonesia. Please contact us for details.