Wealth In Asia 2011
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Asia will continue to be at the forefront of wealth creation, minting millionaires at a faster pace than any other region in the world, despite the recent market volatility, according to a number of experts in private wealth.
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Men, Not Women, Drive Luxury Goods Sales in ChinaBy: Neerja Pawha Jetley|CNBC Contributor
Contrary to what might be a popular perception, men and not women make up the bulk of consumers buying luxury goods in China. Over the past 12 months, Chinese men on average spent 61 percent more than women on fragrances and 52 per cent more on watches, according to McKinsey.
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One way to ride the surge in China’s wealth is to invest in stocks of luxury brands, say analysts. Here are some of their top picks.
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Asia’s image-conscious rich are spending big money on adding frills to their million-dollar yachts.
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For Asia’s Rich, All That Glitters Is Still GoldBy: Shivali Nayak|News Assistant
The recent fluctuations in gold prices have not deterred Asia's rich investors, who continue to bet on the yellow metal.
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Buyers Still Warm to Singapore's Luxury Property MarketBy: Cris Prystay|CNBC Contributor
While price growth and transactions have slowed in Singapore's luxury property market, selective buyers, many of them from China and Indonesia, continue to snap up niche upmarket properties in tony areas like Sentosa Cove.
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Asian financial markets have shown in recent months that they remain extremely vulnerable to economic shocks, but some investors have been riding this volatility, using the selloff to shop for cheap stocks and bonds and investing in esoteric products to profit from the turmoil.
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Still in Control, Hong Kong Property Tycoons Face a Younger GenerationBy: Alex Frew McMillan|CNBC Contributor
Hong Kong’s aging property moguls may be reluctant to pass the baton, but there is a breed of young inheritors knocking on the door. Who are they?
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India's Rich Manage Wealth With Family OfficesBy: Neerja Pawha Jetley|CNBC Contributor
Family offices, a personalized wealth management service, is fast gaining currency with India’s rich who are often reluctant to take professional advice.
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Singapore’s role as the wealth management center of Asia has been strengthened by the growing number of millionaires in the region, but it’s also being challenged by a shrinking pool of workers needed by the sector.
Slideshow
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We’ve compiled a list of Asia-Pacific’s10 richest families. Find out which families are among the wealthiest in the region.
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We've put together a list of the top 10 richest people in China based on the Hurun Rich List. Find out who are China’s top billionaires and which companies they run.
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