Taiwan’s richest households will see their wealth grow about 10% a year through 2029 as a global technology race lifts markets and stokes income for the island’s cutting-edge companies. The combined assets of Taiwan’s wealthy will reach about NT$59 trillion ($1.9 trillion) in 2029, according to a report by Boston Consulting Group and CTBC Bank. The number of high net-worth individuals in Taiwan is...
Taiwan’s richest households will see their wealth grow about 10% a year through 2029 as a global technology race lifts markets and stokes income for the island’s cutting-edge companies. The combined assets of Taiwan’s wealthy will reach about NT$59 trillion ($1.9 trillion) in 2029, according to a report by Boston Consulting Group and CTBC Bank. The number of high net-worth individuals in Taiwan is projected to rise to 155,000, out of a total population of about 24 million. “The overall wealth environment in Taiwan has become increasingly stronger in Asia amid a strong local economy and tech industry,” David Chan, managing director and partner at Boston Consulting, said Wednesday in Taipei. “This means more opportunities and responsibility for financial institutions to serve Taiwanese wealth clients.” Total household wealth will grow by about 6%, on average, over the next four years, reaching NT$279 trillion, the report said. Firms such as UBS Group AG, HSBC Holdings Plc and BNP Paribas SA have already been hiring aggressively to beef up their presence in Taiwan. Global demand for semiconductors and electronic components amid an worldwide artificial intelligence race has lifted Taiwanese tech firms and boosted local equities, drawing banks and asset managers into fierce competition for wealthy clients. Geopolitical concerns are seen as the biggest risk among Taiwanese wealthy individuals, pushing them to increasingly allocate assets offshore. Exchange rate volatility such as Taiwan dollar’s surge last year also made overseas assets more attractive. Hamilton Lane Taps Billion-Dollar Private Wealth Pool in Taiwan UBS, HSBC Hire Aggressively in $8 Trillion Taiwan Wealth Market
hapabapa Three former Palantir Technologies ( PLTR ) employees say the company is trying to use the courts to squash their startup and deny poaching staff and intellectual property from it, Bloomberg News reported. Palantir ( PLTR ), the data analytics company whose chairman is
hapabapa Three former Palantir Technologies ( PLTR ) employees say the company is trying to use the courts to squash their startup and deny poaching staff and intellectual property from it, Bloomberg News reported. Palantir ( PLTR ), the data analytics company whose chairman is
France’s latest bond sale will be a test of investor faith in the country, given lawmakers have yet to agree a budget for this year and its deficit is risking what the central bank’s chief calls a “danger zone.” The Treasury’s sale of new 20-year bond through banks is expected to raise up to €7 billion ($8.2 billion) according to strategists at Commerzbank AG. Early guidance suggests pricing at ar...
France’s latest bond sale will be a test of investor faith in the country, given lawmakers have yet to agree a budget for this year and its deficit is risking what the central bank’s chief calls a “danger zone.” The Treasury’s sale of new 20-year bond through banks is expected to raise up to €7 billion ($8.2 billion) according to strategists at Commerzbank AG. Early guidance suggests pricing at around eight basis points over comparable bonds, according to people familiar with the matter. French yields of that maturity are hovering around 4.09% , near the highest since 2011. The French syndication follows a slew of record-breaking orderbooks from peers including Italy and Portugal, yet it’s not clear if it can match those heights given the country’s political and fiscal troubles. France missed an end-of-year deadline for a budget and Finance Minister Roland Lescure warned the deficit is on track to equal this year’s expected 5.4% of economic output without a complete finance bill. “France would clearly be putting itself in the red zone, the danger zone, if its deficit stayed above 5%,” Bank of France Governor Francois Villeroy de Galhau said in his new year address on Monday. “Financial markets may look calm for now, but they are always at risk of brutal reversals.” The government has said negotiations must find a path to get to within 5% in 2026 as the bill returned to the National Assembly this week. That would be vital to maintain investor confidence, Villeroy de Galhau said. Any failure to agree a budget could cause the government to fall and lead to fresh elections. Read more: France’s Stubborn Political Woes Worry the EU: Brussels Edition The risk premium that investors demand to hold French debt over the region’s haven benchmark Germany has dropped from the peaks seen in the past two years — after a surprise election led to a succession of prime ministers — but remains historically elevated. French debt now yields more than Italy, Portugal and Greece, in a com...