Hong Kong family offices 2025 are launching a USD100m Inspira fund to attract international investors under the government’s Family Office 2.0 initiative. Five family offices jointly established the closed-end vehicle, which will focus on private credit and income assets, said Cliff Ip of Wings Capital. The Inspira fund qualifies under the Capital Investment Entrant Scheme (CIES), which grants residency to those investing HKD30m (USD3.8m) in approved assets. Chief Executive J

The HKMA e-HKD Pilot Programme 2025 has concluded its second phase, with 11 industry pilots confirming that both e-HKD and tokenised deposits can deliver cost-efficient, programmable, and resilient transactions. The Hong Kong Monetary Authority said public confidence in the banking system ensures strong trust in both digital forms. As a credit-risk-free central bank instrument, e-HKD is now viewed as best suited for wholesale applications such as tokenised asset settlement an

The APEC CEO Summit 2025 opened in South Korea, with global business and political leaders urging stronger multilateral cooperation and supply-chain resilience amid geopolitical and technological challenges. The Korea Chamber of Commerce and Industry-hosted event gathered over 1,700 participants, including leaders from the US, South Korea, and OECD. President Lee Jae Myung pledged to prioritise coordination as APEC chair, calling supply-chain collaboration “the core of solida

Malaysia takaful ta`awun framework 2025 will be issued by year-end, expanding the scope of mutual assistance in Islamic insurance, Bank Negara Malaysia announced. The upcoming policy will define shariah and regulatory standards to support financial inclusion and resilience, aligning with maqasid shariah principles. The framework stems from the Sixth Centralised Shariah Authorities Forum held on 15 October, chaired by Datuk Prof. Dr. Ashraf Md Hashim and attended by 50 delegat

GIC private equity secondaries 2025 plans involve Singapore’s GIC selling a portfolio of private-equity fund stakes valued at more than USD1bn, Bloomberg reported. The portfolio spans about 30 funds from Blackstone, Apollo Global Management, and TDR Capital, each averaging around USD100m, with vintages dating back to 2016. The sale, aimed at portfolio rebalancing, comes amid rising global secondary-market activity, which Jefferies said reached USD103bn in the first half of th

ASEAN-US ties 2025 were underscored by Singapore Prime Minister Lawrence Wong at the 13th ASEAN-US Summit, who said stability in Southeast Asia underpins regional growth and creates opportunities for US businesses. He cited trade and investment links supporting over 600,000 American jobs across a market of 700 million people. Wong emphasised that continued US engagement is vital for peace and prosperity and flagged openings for US firms in the digital economy and the ASEAN Po

Vietnam VAT refunds 2025 are at the centre of calls for reform as the Vietnam Chamber of Commerce and Industry (VCCI) urged the government to amend rules under the new VAT Law No. 48/2024/QH15. VCCI said complex refund procedures and delays are hurting cash flow and export competitiveness, especially for commodities with low margins such as coffee, pepper, and seafood. Firms must “pay first, refund later,” with coffee exporters advancing VND10tr (USD392m) a year and pepper pr

Hong Kong finance summit 2025 will convene 300 top financial executives—including 100 group chairmen and CEOs—at the Global Financial Leaders’ Investment Summit on 3–5 November, the Hong Kong Monetary Authority (HKMA) announced. Themed “Trekking through Shifting Terrain,” the event reflects both Hong Kong’s hiking culture and its evolving geoeconomic landscape. The three-day programme includes a welcome dinner, plenary sessions on macroeconomics, trade and digitalisation, and

China crypto crackdown 2025 will intensify as the People’s Bank of China maintains restrictions on domestic cryptocurrency activity while monitoring offshore developments, Governor Pan Gongsheng said. Speaking at a Beijing conference, Pan noted that virtual assets—particularly stablecoins—remain immature and fail to meet key standards for customer verification and anti-money-laundering compliance. He warned that the growth of stablecoins increases vulnerabilities in global fi

Fitch Ratings Philippines forecast puts GDP growth at 5.6% in 2025, aligning with the government’s 5.5%–6.5% target, underpinned by infrastructure investment, services exports, and remittance-driven consumption. The projection assumes easing inflation and interest rates after the BSP cut policy rates by 25 basis points (bps) to 4.75%. Fitch cautioned that global trade frictions and political uncertainty—following weaker midterm results for President Marcos Jr.’s allies and a

China billionaires 2025 numbers hit a record high, with 340 new names joining Hurun’s China Rich List, lifting the total to 1,434 individuals worth at least RMB5bn (USD702m). Combined wealth surged 42% to RMB30tr as stock-market gains in “new economy” sectors boosted valuations. Bottled-water magnate Zhong Shanshan reclaimed the top spot with RMB530bn, up 56%, while ByteDance founder Zhang Yiming ranked second at RMB470bn. Hong Kong’s richest, Li Ka-shing and Victor Li, saw w

SFC fund rule amendments could reshape Hong Kong’s asset management landscape as the Securities and Futures Commission launched a three-month consultation to widen retail access to private credit and increase derivatives flexibility. Under the proposed revisions to the Code on Unit Trusts and Mutual Funds, authorised unlisted mutual funds may invest up to 50% of assets in private credit and other illiquid holdings, up from 15%, aligning with global standards. The SFC said the

HKEX IPO pipeline 2025 has grown sharply, with Hong Kong Exchanges and Clearing CEO Bonnie Chan reporting about 300 listing applications, up 36.4% from 220 at end-July. IPO fundraising reached HKD182.9bn (USD23.5bn) as of September, more than double the previous year’s total. Chan said international long-term funds from Europe, the US, the Middle East, and emerging markets are actively subscribing to Hong Kong IPOs, particularly in technology and innovation. Post-listing refi

HKMA stablecoin licenses will be tightly controlled under Hong Kong’s new Stablecoin Ordinance, which took effect in August, with the regulator signalling a high bar for approval. The HKMA expects only a limited first batch of issuers to be licensed early next year. Meanwhile, Hong Kong Exchanges and Clearing has reportedly queried at least five companies seeking to rebrand as Digital Asset Treasury firms holding large crypto reserves, citing listing rules that bar firms from

Singapore property investment preferences dominate wealth strategies, with 64% of Singaporeans preferring real estate over equities, deposits, bonds, and crypto, according to ERA’s 2025 My Dream Home Survey conducted with Ngee Ann Polytechnic. The poll found 41% eyeing Housing & Development Board flats and 39% private condominiums, with budgets rising—over half of buyers plan to spend SGD1m–SGD2m (USD738,000–USD1.48m) and 20% SGD2m–SGD3m. Transport connectivity ranked top pri

Endowus funding round 2025 has drawn significant backing from Asian family offices as the Hong Kong- and Singapore-based wealth platform secured HKD540m (USD70m) in new financing. The round, led by UK-based Illuminate Financial, also included Citi Ventures, Prosus Ventures, and regional family offices. Endowus Group — which spans licensed entities in Hong Kong and Singapore and includes multi-family office Carret Private — raised HKD155m of new capital and converted existing

Sovereign wealth funds M&A 2025 has propelled global dealmaking to over USD3.5tr, up 34% year to date, as state investors ramp direct and co-investments. Singapore’s GIC and Abu Dhabi’s ADIA took minority stakes in Blackstone and TPG’s up to USD18.3bn buyout of Hologic, while BlackRock and Abu Dhabi’s MGX agreed a USD40bn deal for Aligned Data Centers. Carlyle and Qatar Investment Authority are acquiring BASF’s coatings arm in a EUR7.7bn (USD8.3bn) transaction, and Saudi PIF

Vietnam GDP 2026–2030 growth target has been set at 10% annually as policymakers pursue institutional reforms, major public investment, and rising FDI to launch a new expansion phase, speakers said at the 2026 Business Forum. Huỳnh Minh Tuan of FIDT/APG Securities projected average 10% growth following 8% in 2022 and 7.1% in 2024, with 2025 seen at 8.5%. Analysts cited green credit, private-sector empowerment, and startup incentives as key drivers in manufacturing, infrastruc

Thailand Deputy Finance Minister resignation has rocked the government after Vorapak Tanyawong announced he would quit amid accusations connecting him and his wife to Southeast Asian scam networks. The former Krung Thai Bank executive denied the allegations, calling them politically motivated, and said he will file a defamation case. His decision came a day after Prime Minister Anutin Charnvirakul demanded a written response. Vorapak, recently tapped by Finance Minister Eknit

Hong Kong and Singapore family offices are increasingly acting as dual bases for Asia expansion, focusing on real estate and private direct investments for long-term growth, according to Julius Baer’s 2025 Family Barometer. Surveying 2,500 family-office experts across four regions, the bank found Hong Kong now hosts about 2,700 single-family offices and Singapore over 2,000, helped by tax incentives and migration programmes. Hong Kong’s eight new measures, including the Capit