Daily Wealth Letter from The Wealth Forums 27 Oct. 2016

Reports — By on October 27, 2016 at 11:46 AM
Ian Brodie

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)


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/2016/10/27/china-poised-monitor-wealth-sector/

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/2016/10/27/luxury-jet-sales-set-drop/

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/2016/10/27/adia-opens-hk-office/
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