As global wealth moves towards Asia, Hong Kong is stepping up (opens in new tab)

Hong Kong aims to lure multinationals into setting up their corporate treasury management here to handle capital and financial risks. It is the next logical step towards becoming a one-stop shop for corporations, high-net-worth individuals and their family offices. The city has already surpassed Switzerland as the world’s largest cross-border wealth management centre. An influx of mainland capital and the booming number of family offices have turned it into the “Switzerland of the East,”...