Asia family office global investment strategies are becoming more diversified as wealthy investors seek opportunities across regions and asset classes, according to private capital markets firm Ascentivelab Group. The New York-based firm is expanding its investor coverage into Asia, the UK and Europe as family office capital becomes increasingly international. A UBS survey cited by Ascentivelab found that 60% of family offices plan to change strategic asset allocations within

Hartono family overseas investments have reached at least USD1.4bn through nine Singapore- and London-based entities as Indonesia’s wealthiest family diversifies beyond its domestic holdings, Bloomberg reported. The Hartono family, estimated to be worth around USD30bn, has traditionally kept most of its wealth in Indonesia but is increasingly acquiring businesses overseas. Transactions include the purchase of a US specialty paper company for USD669m and an Austrian cigarette-

The Hong Kong sustainable finance taxonomy is being expanded as authorities seek to direct more private capital towards green and transition investments. The Hong Kong Monetary Authority’s Phase 2B prototype increases the number of covered economic activities to 39 from 25, adding areas across transportation, manufacturing and waste management while introducing measures addressing climate adaptation. The taxonomy provides criteria for determining whether particular economic a

A China state bank capital injection programme worth around RMB360bn (USD54bn) is being rolled out as Beijing strengthens major financial institutions and seeks to support economic growth. Agricultural Bank of China plans to raise up to RMB160bn through a private placement, while Industrial and Commercial Bank of China is targeting up to RMB100bn. China Life Insurance is set to receive RMB35bn, while Export-Import Bank of China will receive RMB30bn. Other institutions covered

The CapitaLand Asia-Pacific credit fund platform is expanding as CapitaLand Investment seeks USD500m for its third regional private-credit programme, Bloomberg reported. The new vehicle, ACP III, will focus on senior secured and asset-backed investments and is expected to target mainly existing investors. A first close is planned by the end of 2026. The fundraising follows the USD320m close of ACP II, which added around USD600m to CapitaLand Investment’s funds under managemen

Hong Kong Kazakhstan investment ties are set to deepen as the two markets pursue a “hub-to-hub” model designed to connect Asian capital with Central Asia and Eastern Europe. Under the proposed approach, Hong Kong would provide Kazakh businesses with greater access to mainland China and wider Asian markets, while Kazakhstan would act as a gateway for Hong Kong investors seeking opportunities across Central Asia. The two sides are also pursuing institutional arrangements to sup

Singapore younger wealthy clients are becoming an increasingly important target for banks as millennials and Generation Z investors start investing earlier and progress more quickly into higher wealth segments. DBS said the number of millennial retail customers entering its Treasures segment, which covers clients with SGD350,000 (USD277,000) to SGD1.5m in investible assets, tripled in the first half of 2026 from a year earlier. OCBC recorded an almost 50% increase in customer

Asian wealth management growth could increasingly favour banks in Singapore and Hong Kong as household assets shift from deposits and property towards equities, bonds, funds and alternative investments, according to Morgan Stanley. The trend is expected to increase demand for private banking, investment management and advisory services as household wealth across Asia continues to expand. Morgan Stanley said Singapore should benefit from its position as a centre for family off

Japan Q2 GDP growth was stronger than initially estimated, reinforcing expectations that the Bank of Japan will continue raising interest rates. Gross domestic product expanded at an annualised 1.4% in April-June from the previous quarter, revised up from an initial 1.1% estimate. Non-annualised quarterly growth was 0.4%, government data showed. Capital expenditure fell 0.9%, a smaller decline than the previously estimated 1.2%, while private consumption was unchanged. Separa

The UBS family office funds programme is giving wealthy Asian investors access to strategies typically reserved for institutions, with a minimum overall commitment of USD5m. The Exclusive Manager Access Fund Program will initially launch in Singapore and Hong Kong before expanding to Taiwan, targeting high-net-worth individuals, ultra-high-net-worth investors and family offices. Clients must allocate at least USD500,000 to each underlying fund. The programme will begin with s

The OCBC Lee family fortune has risen to USD13.8bn as shares in the Singapore bank nearly doubled over the past year, supported partly by expansion of its wealth-management business. The family, whose largest asset is its OCBC holding, ranked fourth among Singapore’s wealthiest and recorded the largest increase in both absolute and percentage terms. OCBC’s wealth-management business grew 11% in the first quarter and accounted for 39% of total revenue. The bank has been expand

Barclays Singapore private bank capabilities are expanding with the launch of a new booking centre aimed at family offices and ultra-high-net-worth clients across Asia. The move marks Barclays’ return to an onshore private banking booking model in Singapore, around a decade after the British lender sold its regional private banking business to OCBC. The centre combines local booking capabilities with Barclays’ international network, giving clients access to banking, lending,

Hong Kong living investment ranked fifth among Asia-Pacific markets after attracting 24 student-housing conversion deals worth USD1.63bn since 2021, according to Cushman & Wakefield. Ten transactions valued at USD739.9m were completed during the first seven months of 2026, supported by accommodation shortages and continued growth in the student population. The APAC Living Investor Survey 2026 found that 90% of respondents were considering repositioning or change-of-use invest

Japan pension funds domestic bonds allocations are drawing renewed interest as defined-benefit schemes prepare for faster interest-rate increases by the Bank of Japan. A J.P. Morgan Asset Management survey of 82 funds conducted between April and June found that 10% planned to increase domestic bond holdings, representing the strongest appetite for the asset class since 2008. Overall domestic bond allocations remained broadly stable at 14.3%, although 62% of respondents were r

Asia-Pacific family office sustainable investment exposure is increasing as more wealthy families and asset owners allocate substantial portions of portfolios to impact and environmental, social and governance strategies. A Sustainable Finance Initiative survey found that 27% of respondents allocated more than half of their assets to impact and ESG investments in 2026, up from 17% in 2025. The Hong Kong-based organisation surveyed 121 family office representatives and princip

Chinese state-owned banks profits recovered simultaneously in the first half for the first time since 2022 as revenue increased and net interest margins showed early signs of stabilisation. ICBC, China Construction Bank, Agricultural Bank of China, Bank of China, Bank of Communications and Postal Savings Bank of China generated more than RMB2tr (USD297bn) in combined revenue and around RMB712.6bn in attributable profit. Revenue increased by between 4% and 11%, while profit ro

Amova Vietnam asset management expansion is moving ahead through a proposed joint venture with BIDV Securities as the Japanese investment manager strengthens its Southeast Asian presence. The planned company, BSC Amova Asset Management, will serve individual and institutional investors by combining BIDV and its securities unit’s domestic customer base and local market expertise with Amova’s international investment capabilities. Establishment of the venture remains subject to

New South Korea leveraged ETF rules require investors to complete simulated-trading courses before buying leveraged exchange-traded funds as regulators seek to curb speculative activity. The measures particularly affect products linked to major technology stocks including Samsung Electronics and SK Hynix. Trading volume in the affected products has fallen to around 4% of its June peak, while the ETFs recorded USD1bn of outflows in August, putting them on course for their firs

Vietnam fund management assets have reached more than VND846tr (USD32bn) as the industry takes a larger role in supplying long-term capital and supporting development of the country’s institutional investor base. At the end of June, 43 fund managers and 142 investment funds were operating in the market. Assets under management had increased 6.8 times from 2015, representing annual growth of more than 20%. Despite that expansion, managed assets remain equivalent to only around

Raffles Family Office CIO responsibilities will be assumed by Citi Private Bank veteran Ken Peng following his appointment as the multi-family office’s first chief investment officer. Peng will be based in Hong Kong and report to group CEO Chi Man Kwan. He will lead the firm’s investment function, shape overall investment strategy and provide stakeholders with views on macroeconomic developments, investment themes and portfolio sustainability. He brings more than 20 years of