The growth of the private wealth management industry in Singapore and Hong Kong

This article describes, from a legal and regulatory perspective, how Singapore and Hong Kong have developed themselves into leading centres for private wealth management in recent years. Asia's remarkable economic growth, led by China and India, and the recent financial crisis have provided a w...

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Bibliographic Details
Published in:	Capital markets law journal 2011-01, Vol.6 (1), p.104-126
Main Authors:	Long, J. A., Tan, D.
Format:	Article
Language:	eng
Subjects:	Bankers associations Banking industry Banks Capital markets Economic crisis Economic growth GDP Gross Domestic Product International finance Investment advisors Private banking Regulation of financial institutions Service introduction Wealth management
Online Access:	Get full text
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Summary:	This article describes, from a legal and regulatory perspective, how Singapore and Hong Kong have developed themselves into leading centres for private wealth management in recent years. Asia's remarkable economic growth, led by China and India, and the recent financial crisis have provided a window of opportunity for Singapore and Hong Kong to capitalize on. The continuing growth of Singapore and Hong Kong's private wealth management industry has also been made possible by their respective governments approach in creating a facilitative legal and regulatory environment.
ISSN:	1750-7219 1750-7227