Labuan IBFC's unique qualities offer sound wealth
management options for the growing HNWIs in China
Many Asia's richest, including the owner of Alibaba Group,
is among the ultra-net-worth-individuals (UNWIs) who uses wealth
management solutions such as family offices to manage their
wealth.
According to reports, about eight times as many high-net-worth
individuals (HNWIs) are in China as in Hong Kong. Just in China
alone, the number of HNWIs stands at around 890,000 people.
The number has increased over the years and the country is a
major contributor to the increase of the number of HNWIs in the
Asia Pacific region, recording a 60% rise compared to five years
ago.
With this growing base of HNWIs, Chinese HNWIs are increasingly
looking for wealth management solutions to help them manage their
wealth efficiently and to preserve their fortunes for future
generations.
