Morgan Stanley APAC WM Head on Business Strategy

The video discusses the reopening of China and Hong Kong, highlighting its impact on global markets and client sentiments. It covers the economic outlook, asset management growth, and hiring plans for private bankers. The discussion also touches on tax schemes for family offices and the concept of common prosperity in China, providing insights into wealth management strategies.

What is one reason the speaker believes the world is underestimating the impact of the reopening of China and Hong Kong?

• The increase in COVID-19 cases

• The economic downturn

• The lack of travel

• The political climate

How do corporate clients feel about China's economic recovery according to the speaker?

• Pessimistic

• Uncertain

• Neutral

• Optimistic

What is the expected growth in asset management for 2023 as mentioned by the speaker?

• 40%

• 30%

• 20%

• 10%

What is the speaker's plan regarding hiring private bankers?

• No hiring plans

• Focus on quality over quantity

• Hiring only in China

• Focus on quantity over quality

What factor is NOT mentioned as influencing the decision to establish a family office in Hong Kong or Singapore?

• Tax benefits

• Political stability

• Location preferences

• Beneficial owners' considerations

What is the speaker's understanding of 'common prosperity' in China?

• A decrease in business regulations

• An increase in taxes for the wealthy

• A requirement to comply with laws and government priorities

• A focus on wealth redistribution

What is the speaker's view on the proposed tax measures for family offices in Hong Kong?

• Neutral

• Negative

• Indifferent

• Positive