high net worth individuals (HNWI)

The financial flows to the UAE mark a new role for its US$509 billion ($683.3 billion) economy.

Sun Life Singapore has also introduced its inaugural Philanthropic Pledge in partnership with Community Chest.

New rules that kicked in April 18 will mean that family offices face a stricter regime to enjoy tax-exempt incomes.

Banks everywhere are competing to win over the ultra-rich in Asia.

Singapore has the second highest rate of growth when it comes to HWNIs in 2020.

Winston Churchill even used Sun Life's vaults in Montreal to safeguard C$5 billion in securities for Britain's war effort.

Their caution comes even as Asian economies begin to bounce back, led by China and India, and as the region’s stocks rally.

The report conducted customer research across four regions: Mainland China, Hong Kong, Taiwan, and Singapore. Some 39% of the respondents surveyed were professionals, and 61% were entrepreneurs and family-inherited HNWIs.

Stock loans are nothing new. This form of financing requires borrowers to put up shares as collateral in exchange for a loan. However, the global financial crisis (GFC) in 2008 changed all of that.