APAC private credit fundraising is expected to slow during the next 12 to 18 months as higher interest rates, geopolitical uncertainty and macroeconomic pressures reduce investor appetite for illiquid assets, according to Moody's Ratings. Despite the softer outlook, the agency believes long-term demand for private credit across Asia-Pacific will remain supported by economic growth and structural financing needs. Moody's said increased redemption requests affecting global priv

The Statistic That Should Keep Every Quarterback Awake We have spent this series exploring how virtual family offices ship intelligence, consolidate infrastructure, and concentrate operational power in lean structures. But here is a number that stands out in every family office academia: 91% of multigenerational wealth transfers fail before reaching the third generation. The cause is almost never bad market performance or flawed tax strategy. It is a systemic breakdown in som

Singapore family offices are attracting growing inflows of wealth from Taiwan as high-net-worth families diversify assets in response to rising geopolitical tensions across the Taiwan Strait, according to advisers and wealthy investors interviewed by Bloomberg News. The trend reflects increasing demand for politically stable jurisdictions offering sophisticated wealth management, succession planning and cross-border investment capabilities. An E.Sun Bank and KPMG Taiwan repor

HP Wealth Management has strengthened its Singapore family office business by appointing veteran private bankers Michael Sutter and Alex Grindley as senior relationship managers. Both executives join the independent wealth manager and multi-family office from UBS Singapore, bringing extensive experience advising affluent individuals and family office clients across Asia. Sutter spent more than 25 years at UBS and said HP Wealth Management's fee-based, bank-agnostic model offe

Hong Kong wealth remains among the world's highest after the city ranked fourth globally for wealth per adult in the latest UBS Global Wealth Report, highlighting its continued strength as an international financial and wealth management centre. The report underscores Hong Kong's importance for private banks, family offices and investment managers serving affluent clients across Asia. UBS reported average wealth per adult in Hong Kong of USD648,267, placing the city behind on

The Philippines upper-middle income classification has been restored by the World Bank after the country's gross national income per capita increased to a record USD4,850, reflecting several years of sustained economic expansion. The milestone is expected to enhance the country's international investment profile while strengthening confidence among foreign investors and financial institutions. The Philippines had remained in the lower middle-income category since 1987 and nar

China family wealth has reached RMB145tr (USD20.2tr), with Beijing, Shanghai and Hong Kong remaining the country's leading centres for affluent households, according to a report by Bank of East Asia and the Hurun Research Institute. The findings underline the concentration of wealth in China's major financial hubs and reinforce the importance of the Greater Bay Area as a key market for private banks, family offices and wealth managers. Hong Kong recorded around 521,000 afflue

Wiki Finance Expo Hong Kong 2026 will bring together global investors, technology companies and financial institutions when it takes place at Hong Kong's Hopewell Hotel on July 23-24. Organisers describe the event as Asia's largest conference dedicated to financial technology, foreign exchange and cryptocurrency, reinforcing Hong Kong's position as a regional hub for digital finance and innovation. The event is expected to attract more than 12,000 participants from over 120 c

Singapore China capital markets cooperation has been reinforced after the Monetary Authority of Singapore and the China Securities Regulatory Commission reaffirmed their commitment to closer supervisory and regulatory collaboration during their 10th annual supervisory roundtable held in Singapore on June 29. Officials reviewed developments in both equity markets, including Singapore's Equity Market Development Programme and reforms to China's STAR Market and ChiNext exchanges

The APAC banking outlook remains broadly stable despite growing geopolitical risks, although Asia-Pacific banks could face an additional USD180bn in credit losses if conflict in the Middle East persists, according to S&P Global Ratings. The warning forms part of the agency's latest midyear assessment of regional banking conditions. S&P said that 92% of Asia-Pacific bank ratings continue to carry stable outlooks, reflecting expectations that credit ratings will remain largely

Family offices are increasingly adopting formal wealth-purpose frameworks as they prepare for one of the largest intergenerational wealth transfers in history, according to preliminary findings from the 2026 AlTi Tiedemann Global and Campden Wealth Family Office Operational Excellence Report. The family office wealth purpose trend reflects a growing focus on governance, succession and preserving family values alongside financial capital. The survey of 126 family office princi

Hong Kong billionaire Dickson Poon is exploring strategic options for luxury department store Harvey Nichols, including a possible sale or fresh investment, potentially ending more than three decades of ownership. The Harvey Nichols sale review comes as the UK luxury retailer continues to face a challenging trading environment. According to the Financial Times, Poon has appointed FTI Consulting to evaluate strategic alternatives and has begun preliminary discussions with seve

Global financial institutions are increasingly prioritising South Korea for regional expansion while adopting a more cautious approach towards China and India, according to a joint survey by the Asia Securities Industry & Financial Markets Association and KPMG. The South Korea financial sector has become one of the region's fastest-growing destinations for international financial firms. Approximately two-thirds of the 34 institutions surveyed plan to expand across Asia-Pacifi

Thailand's newly licensed virtual banks are expected to expand cautiously during their initial years of operation as regulators prioritise financial stability and prudent risk management, according to market analysts. The Thailand virtual banks framework requires institutions to undergo a restricted operating phase lasting between three and five years before receiving full licences. Under regulations issued by the Bank of Thailand, new virtual banks must maintain paid-up capi

Family offices across Asia-Pacific are adopting a more institutional investment approach, moving beyond traditional trophy properties and wealth preservation strategies into sectors offering stronger long-term growth and recurring income, according to the Asia Pacific Real Assets Association (Aprea). The shift in family office real estate investment reflects growing demand for diversified portfolios supported by professional governance and specialist investment teams. The rep

Ares Management is seeking commitments for a new Asia private credit fund as global alternative asset managers compete to capture expanding lending opportunities across the region. The proposed Asia private credit vehicle, Asia Direct Lending II, is expected to finance leveraged buyout transactions throughout Asia-Pacific and could exceed the USD1.7bn raised by its predecessor. People familiar with the fundraising said details remain under discussion and Ares declined to comm

China's new outbound investment rules, effective from July 1, are expected to reshape rather than reduce overseas expansion by Chinese companies using Singapore as their regional base, according to entrepreneurs, investors and advisers. The China outbound investment rules introduce more comprehensive supervision while maintaining support for international business expansion. The regulations establish "full-process supervision" over outbound investments and extend national sec

Shanghai should strengthen its role as China's principal financial centre for companies expanding internationally, potentially increasing competition with Hong Kong, according to Shanghai Finance Institute vice-president Liu Xiaochun. The Shanghai financial hub proposal argues that growing outbound investment requires broader financial support than a single international centre can provide. Liu acknowledged Hong Kong's established position as a mature global financial hub but

Japan's private equity market maintained strong momentum during 2025, with deal value reaching JPY4.8tr (USD29.8bn), marking the fifth consecutive year above JPY3tr, according to Bain & Company's Japan Private Equity Report 2026. The Japan private equity market continues to benefit from governance reforms, larger buyout transactions and improving operational performance. Exit value reached a record JPY2.4tr as sponsors disposed of older investments, while transactions exceedi

Singapore is establishing a Future of Finance Institute to accelerate financial innovation through greater adoption of artificial intelligence, tokenisation and emerging financial technologies, the Monetary Authority of Singapore announced. The Singapore financial innovation initiative is intended to help transform successful pilot projects into large-scale commercial deployment. The institute will bring together financial institutions, fintech firms, technology companies and