News and Information
News & Information
The Growth of Wealth Management and the Need for Business Mandarin in a Post-Covid Economy
CNBC recently published an article highlighting how China's rich are moving their money to Singapore.
Since protests disrupted Hong Kong’s economy in 2019, affluent Chinese have looked for alternative places to store their wealth. Singapore proved attractive because of its large Mandarin Chinese-speaking community and, unlike many countries, it doesn’t have a wealth tax.
With an increasing number of affluent Chinese looking to move their money to Singapore, either through the setup of family offices or investments, it's important that wealth management professionals are able to communicate and work effectively with their clients.
Many billionaires worldwide have used family offices to manage their wealth and another part of Singapore’s appeal is that its location gives investors proximity to other investment opportunities in Asia. This has driven demand for workers in the services, with some companies expanding their headcount by up to 25% and it's important for Singapore to improve their wealth management services.
SCCIOB is now offering Business Mandarin programmes that cover topics in Wealth Management including Family Offices, Offshore Trusts, Legacy Planning as well as Impact Investing & Philanthropy Management.
- Business Mandarin for Family Office and Offshore Trustees
- Business Mandarin for Legacy Planning Advisors
- Business Mandarin for Investment Consultants
Our Wealth Management programmess aim to instill Wealth Management professionals with the knowledge and skills in Business Mandarin to communicate and interact effectively with Chinese clients. Each programme covers the processes and knowledge needed to understand the specific naunces pertaining to the ultra-rich as well as the terms and concepts in professional Business Mandarin.
For more information, call us at 63341080 to speak with a Programme Consultant today!
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