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ID:454593
大小:51.00 KB
页数:7页
时间:2017-08-04
《个人理财业务在新加坡和香港的发展【外文翻译】》由会员上传分享,免费在线阅读,更多相关内容在学术论文-天天文库。
1、外文翻译thegrowthoftheprivatewealthmanagementindustryinSingaporeandHongKongMaterialSource:ShanghaiJiaoTongUniversityonMarch21,2011Author:JekLongandDannyTan1.IntroductionMuchhasbeensaidinvariousquartersabouthowSwitzerlandmaybelosingitspositionasthetraditionallydom
2、inantprivatebankingandprivatewealthmanagementhuboftheworld.Incontrast,industryopinionsuggeststhatprivatewealthmanagementisexperiencingashifttowardsAsia,particularlyinfinancialcentreslikeSingaporeandHongKong,wheretherapidgrowthoftheprivatebankingindustry.Thisa
3、rticleconsiderstheextenttowhichlegalandregulatoryconsiderationsmayhaveplayedapartinthisgrowth.Wealthmanagementcanbegenerallydefinedasafinancialserviceprovidedbyprivatebanksandassetmanagerstoprivate,corporateorinstitutionalclientswithacertainthresholdofwealth,
4、withvaryingdegreesofcustomizationandcomplexityinvolveddependingonthevolumeofthoseassets.Thisarticlewillconfineitselftotheprivatewealthmanagementindustry,wheretheclientsareprivateindividualswithalargeeconomicorfinancialnetworth.2.Asia’sprivatewealthmanagementA
5、gainstthisbackdropofuncertaintyaffectingSwitzerland,AsiaseemstohavebecometheneweconomicZeitgeistandfocalpointfortheglobalprivatewealthindustry.Thereareafewreasonsforthisgrowth.First,theeconomicdevelopmentofthePeople’sRepublicofChinaandofIndiainrecentyearshasb
6、eennothingshortofremarkable,resultinginatidaleffectthathashadanupliftingimpactonAsiaingeneral.ThissentimentcanbegleanedfromtheincreaseininvestmentopportunitiesinAsia,risingaffluencewithintheAsianpopulationandthedesireofglobalinvestorstohaveamorebalancedportfo
7、lio.ThistrendisforecastedtocontinuestronglyasAsia,ledbythePeople’sRepublicofChinaandIndia,islikelytobethepowerhouseofHNWIgrowthincomingyears,withitseconomicexpansionandgrowthlikelytokeepoutpacingmoredevelopedeconomies.Inaddition,Asiawascomparativelyunscathedb
8、ythesub-primecrisisdueto:(i)itshealthiermacroeconomicfundamentalscomparedwiththepriordecade;(ii)improvedcorporatebalancesheets;(iii)reformedbankingsystems;(iv)strongexternalpositionsand(v
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