个人理财业务在新加坡和香港的发展【外文翻译】

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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