Raffles Family Office CEO Kwan Chi-man said that multi-family offices can leverage their scale to become influential market players and create lasting global impact. Speaking at the firm’s annual forum in Hong Kong, he noted that these organisations can expand assets under management, nurture local talent, and strengthen Hong Kong’s reputation as a top wealth management hub. Raffles Family Office also plans to broaden its Middle East presence and will host its first family of

HSBC Holdings has offered to purchase the remaining 37% of Hang Seng Bank that it does not already own for about USD37bn, reinforcing its long-term commitment to Hong Kong. The proposed cash offer of HKD155 (USD19.8) per share represents a 30% premium over Hang Seng’s previous closing price, the London-based lender said on Thursday. If approved, the transaction would see Hang Seng’s publicly traded shares cancelled, taking the bank private. HSBC, which currently holds a 63% s

Fasset Islamic crypto bank has received regulatory approval from Malaysia’s Labuan FSA, becoming the world’s first Shariah-compliant digital bank powered by stablecoins. The UAE-based fintech will expand from digital asset services to full-scale on-chain banking through its superapp, offering zero-interest accounts and access to US stocks, gold, and cryptocurrencies. With over 500,000 users across 125 countries, the platform currently handles USD6bn in annualised volume and a

The UK-Vietnam Business Summit 2025 will focus on deepening bilateral cooperation in finance and renewable energy. Scheduled for 5 November in Ho Chi Minh City, the event aims to strengthen collaboration in developing an international financial centre and advancing clean energy projects. UK Consul General Alexandra Smith said the partnership builds on the UK-Vietnam Free Trade Agreement and the UK’s entry into the CPTPP, which removed tariffs on 99% of UK exports to Vietnam.

The World Family Office Forum Asia opens on 9–10 October at The Ritz-Carlton Hong Kong, bringing together family principals, single and multi-family office leaders, and advisers for two days of private discussions focused on governance and investment strategy. The event, organised by Connect Group, aims for at least 70% participation from family offices to ensure peer-led dialogue. The sixth edition will feature sessions on global investment trends, public market allocations

Hong Kong’s Mandatory Provident Fund (MPF) surpassed HKD1.5tr (USD192bn) in total assets for the first time at the end of September, reaching a record HKD1.53tr, according to provisional data from the MPF Schemes Authority. Equity and mixed-asset funds, which account for nearly 80% of total assets, posted average net returns of 18.8% and 10.6%, respectively, over the past year. The Core Accumulation Fund under the Default Investment Strategy achieved a 9.8% return for the sam

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