Ian Brodie
Daily Wealth Letter
a daily synopsis of the wealth news that’s most relevant, timely and dependable
Compiled and edited by Ian Brodie of The Wealth Forums (www.thewealthforums.com)
NUMBER 327 THURSDAY, OCTOBER 27, 2016
China poised to monitor wealth sector
The People’s Bank of China is tightening its monitoring of the banking sector’s off-balance sheet activities by including wealth management products in its newly formed “macro-prudential assessment” framework, the 21st Century Business Herald reports. READ MORE: http://thewealthforums.com/
Luxury jet sales set to drop
Growth in the luxury private jet market is set to dip by 5 percent while luxury yachts have a zero growth outlook for 2016 as consumers are increasingly preferring to spend on experiences than playthings, according to the latest Bain Luxury Study, which forecasts a 4 percent rate of growth in 2016 for the overall industry. READ MORE: http://thewealthforums.com/
Adia opens HK office
The Abu Dhabi Investment Authority (Adia) has opened its first office in Hong Kong as the sovereign wealth fund moves beyond its traditional investment hunting grounds such as the UK, The Nationalreports.. READ MORE: http://thewealthforums.com/
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