📈 China as a comeback story: Wealthy investors in Hong Kong and Singapore are increasing their exposure to China. AI companies like DeepSeek and low valuations are fueling the rally.
📉 Color shift in U.S. stocks: The share of U.S. equities in some Asian family offices’ portfolios has dropped from over 65% to around 45%, making room for investments in China and other regions.
🇯🇵 Japan stays loyal to America: Wealthy Japanese investors continue to hold U.S. stocks and bonds. A weak yen, stable dividends, and a familiar environment keep the dollar appealing.
💰 Hedging with gold and bonds: Asian investors are increasingly turning to gold and high-quality bonds to protect themselves against volatility and geopolitical risks.
📊 Wealth growth: The total assets of Asia’s ultra-high-net-worth individuals (net worth ≥ 30 million USD) grew by around 10% in the first half of the year. HSBC expects gold to reach up to 5,000 USD per ounce by 2026. In China, the price has surpassed 1,000 CNY per gram for the first time.
🏅 Where do the most billionaires live?
🇺🇸 USA — 902
🇨🇳 China — 450
🇮🇳 India — 205
🇩🇪 Germany — 171
🇷🇺 Russia — 140
Background
Asia now ranks as the world’s second-largest region by ultra-wealthy individuals (UHNWIs). With 14.8 trillion USD in managed wealth, it’s on par with Europe but growing twice as fast. Studies predict strong further growth by 2030, particularly in India and Southeast Asia.
The China Survival Guide for Western Businesses
Entity setup, WeChat strategy, hiring your first local team. 12+ years on the ground in Shanghai.
