Mirae Asset Financial Group said its Mirae Asset client assets exceeded USD1tr at the end of May, reflecting strong growth across exchange-traded funds, retirement solutions and global asset-allocation strategies. The achievement marks a significant milestone for one of Asia’s largest financial-services groups. The company reported domestic client assets of approximately USD757.1bn, while overseas assets totalled USD259bn. Mirae Asset Securities accounted for around USD531.3b

Singapore is well positioned to benefit from the region’s expanding asset and wealth-management sector, with Asia-Pacific assets under management projected to reach USD34.5tr by 2030, according to a new PwC report. The Singapore wealth boom is expected to be supported by strong capital inflows, growing private wealth and continued innovation in financial services. PwC forecasts Asia-Pacific assets under management will expand at a compound annual growth rate of 6.8%, outpacin

Around 30 European family offices are considering establishing operations in Hong Kong, according to InvestHK, highlighting growing international interest in the city’s wealth-management ecosystem. The European family offices Hong Kong trend reflects increasing confidence in the city’s role as a gateway to China and wider Asian markets. Jason Fong, InvestHK’s global head of family office, said the European family offices Hong Kong prospects account for approximately 19% of th

Hong Kong-based MCM Partners has launched a dedicated family office business as competition intensifies among regional wealth centres to attract affluent families and entrepreneurs. The MCM family office platform will combine advisory, wealth-management and wealth-planning services under a single offering. MCM announced on LinkedIn that Christophe Page will lead the MCM family office initiative. Page brings around two decades of experience across private banking, alternative

Vietnam has introduced a stricter framework governing private corporate bond offerings and overseas bond issuance by domestic companies, strengthening oversight of how proceeds are used and improving issuer accountability. The Vietnam corporate bond rules came into force on June 5 under Decree No. 200/2026/ND-CP. Under the Vietnam corporate bond rules, proceeds may only be used for disclosed purposes, including investment projects, restructuring the issuer’s own liabilities a

Mirae Asset Securities has apologised after failing to secure an allocation of SpaceX shares despite collecting substantial investor orders for the offering. The Mirae Asset SpaceX IPO controversy has prompted regulatory scrutiny and raised questions about investor disclosures and allocation processes. According to Reuters, the brokerage gathered approximately USD500m in orders from South Korean investors but did not receive an allocation from the US lead underwriter, despite

Indonesia could attract as much as USD500bn in assets by establishing a competitive family office ecosystem, according to National Economic Council chairman Luhut Binsar Pandjaitan. The Indonesia family office market initiative forms part of wider efforts to position the country as a major wealth-management destination within Southeast Asia. Speaking ahead of an international investment forum in Bali, Luhut said the Indonesia family office market could generate substantial ca

Singapore’s revised framework for single-family offices officially took effect on June 15, simplifying compliance requirements for firms operating in the city-state. The Singapore family office framework changes are designed to reduce administrative burdens while maintaining regulatory oversight. Under the revised Singapore family office framework, eligible single-family offices are required only to notify the Monetary Authority of Singapore of their operations, maintain an a

Urs Wietlisbach, one of the billionaire founders of Swiss private-equity firm Partners Group, is establishing an independent investment unit within PG3 AG, the family office that has managed the wealth of the firm’s three founders since 2013. The family office succession planning move is seen as an early step in preparing for future wealth transition and governance changes. Bloomberg reported that the new unit will be led by Jascha Forster, currently chief investment officer

Hong Kong and Cyprus have signed a comprehensive avoidance of double taxation agreement aimed at strengthening bilateral trade, investment and cross-border business activity. The Hong Kong Cyprus tax agreement is the city’s 58th such treaty and its third concluded this year. Financial Services and Treasury Secretary Christopher Hui said the Hong Kong Cyprus tax agreement will clarify taxing rights between the two jurisdictions and help investors avoid double taxation. Hong Ko

Danantara Investment Management, a subsidiary of Indonesia’s sovereign wealth fund Danantara, has raised USD1.5bn through its first US dollar-denominated bond issuance, attracting strong investor demand despite concerns surrounding Indonesia’s markets and economic outlook. The Danantara bond sale comprised USD750m of five-year bonds and USD750m of 10-year bonds. According to Reuters, orders peaked at approximately USD4.6bn, allowing final yields to be reduced by 35 basis poin

Asian consumers are increasingly prioritising financial independence, health and quality of life over simply extending lifespan, according to Manulife’s latest Asia Care Survey. The financial longevity planning study surveyed more than 9,000 individuals across nine Asian markets and found a significant shift in attitudes towards ageing and retirement. Around 70% of respondents identified financial health as a key enabler of longer and better lives, while 62% said maintaining

Hong Kong’s Office for Attracting Strategic Enterprises has secured commitments from 124 companies across six batches, with total planned investment reaching HKD73bn (USD9.3bn) and the potential creation of 25,000 jobs. The Hong Kong strategic enterprises programme has become a key pillar of the city’s efforts to attract high-value industries, technology firms and innovation-driven businesses. Bryan Peng, executive director of OASES, said the first five batches had already ex

The Chamber of Hong Kong Listed Companies has called for further reforms to help attract technology firms and founders to the city’s stock market, arguing that current proposals may still be too restrictive. The Hong Kong innovative companies debate centres on HKEX proposals to revise listing requirements for firms seeking weighted voting rights structures. Chairman Chan Ka-keung said the proposed “novelty test” could exclude high-quality businesses whose technologies or oper

Hong Kong is preparing to expand preferential tax treatment for alternative investment managers by exempting eligible carried interest and hedge fund performance fees from taxation. The proposed Hong Kong hedge fund tax reform forms part of broader efforts to attract investment professionals and strengthen the city’s competitiveness as a regional asset-management centre. The legislation, expected to be presented to the Legislative Council, would extend favourable treatment be

DBS Group will make tokenised physical gold available to retail customers in Singapore during the second half of 2026, expanding access to digital asset-backed precious-metal investments. The tokenised physical gold offering will be delivered through the DBS digibank application and is designed to simplify ownership, trading and redemption of gold. Each DBS Physical Gold Token will be backed by one gram of tokenised physical gold stored in a dedicated DBS vault in Singapore.

Credit Bureau Singapore and Experian Malaysia have signed an agreement to develop a two-way cross-border credit reports framework designed to improve access to financial services for consumers and businesses operating in both countries. The initiative aims to create a more seamless credit-assessment process across the Singapore-Malaysia corridor. Under the proposed system, individuals with financial histories in both jurisdictions will be able to share cross-border credit rep

China’s Ministry of Finance plans to raise RMB15bn (USD2.2bn) through a sovereign bond sale in Hong Kong, marking its third offshore yuan issuance in the city this year. The China sovereign bonds Hong Kong offering reflects growing international demand for yuan-denominated assets and continued support for Hong Kong’s offshore renminbi market. The bonds will be issued through public tender on June 16 via the Hong Kong Monetary Authority’s Central Moneymarkets Unit and will inc

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