China Shares The Myth Of Asian Private Banks Competing For Gold.

< p > the US market has become one of the favorite venues of Chinese technology enterprises IPO "go to market". It is also a "wealth making machine" for the achievement of rich people. The huge wealth absorbed by these technology companies attracted the attention of the private banks in Asia. They are competing for this huge cake and starting to expand their army and increase their grain supply.

< /p >

< p > this phenomenon, a broker told reporters: "from the data in recent years, the contribution of Asia's private banking business to the international big banks has been improved, and with the success of IPO, more Chinese tycoons have emerged. This undoubtedly stimulated their impulse to expand the business, which is also related to the financial preference of Chinese rich people."

< /p >

< p > < strong > go to the US "a href=" http://www.91se91.com/news/index_c.asp > IPO < /a > "banknote printing machine" < /strong > /p >

< p > an analyst once said, "if IPO is successful, it brings development to the company, so it will bring huge wealth to the individual. Sometimes this ability even exceeds the banknote printing machine."

< /p >

< p > take the Alibaba which is called the largest IPO in history as an example. The IPO filing documents submitted by Alibaba in May 6th showed that Ma Yun had 8.9% of Alibaba's shares.

According to Bloomberg fortune list, Ma Yun has reached $12 billion 500 million, and its net asset value has increased by US $8 billion 900 million this year.

At present, Ma's position is very small from Wang Jianlin's and Ma Huateng's 12 billion 600 million dollars.

If Alibaba valuation does not deviate from current expectations, Ma is likely to become China's richest man.

< /p >

< p > Jingdong, which also belongs to the electricity supplier shares, is not as good as Alibaba but also surprised the market.

According to authoritative sources, the Jingdong will be listed on the Nasdaq stock market in the United States on May 22nd. It will determine the IPO price range from $16 to $18 per share and raise up to $1 billion 690 million. According to the total share capital, the total market value of Jingdong will reach nearly $24 billion 600 million.

Liu Qiangdong, who owns the 23.7% stake in Jingdong, based on the valuation of the above 24 billion 600 million dollars, estimated that his fortune would be around 5 billion 830 million dollars after the listing of Jingdong.

< /p >

"P", "this year's list of Chinese companies in the United States appears to be particularly numerous. In February alone, there were more than 30 announces of rush to the United States, and many of the rich came along. The myth of IPO's wealth creation is still continuing, especially for Alibaba's super large technology companies listed in the US."

An industry insider said.

< /p >

< p > according to incomplete statistics by reporters, at least five companies such as ai Kang, a, Lok Ju, Sina micro-blog and road cattle Network have been listed successfully this year, as well as Alibaba, Jingdong, jumei.com and so on. In recent years, the chat application software "unfamiliar street" is also planning to go to the US "href= http://www.91se91.com/news/index_c.asp" > Listing "/a" later this year. Recruitment website Zhaopin recruitment is also on the way to the United States.

At the same time, in the stock market rumors, or remain silent on the stock market, there are thunder, the United States network, Sohu focus and touch technology.

< /p >

< p > < strong > < a > href= > http://www.91se91.com/news/index_c.asp > private bank > /a > eat cake > /strong > /p >

After the success of P IPO, there will be a lot of excitement besides enterprises and individuals. This is the private bank of Asia.

< /p >

< p > "these people who become rich because of IPO will become the target of private banks, and the expansion of the private banking sector is also inevitable on the way that the current population is expanding."

The securities dealers told reporters.

< /p >

Less than Japan, the number of millionaires in China has surpassed that in other Asian countries, and it will probably increase to more than 1 million 300 thousand by next year, which is more than double the level it was five years ago, P.

< /p >

According to Thomson Reuters data, seven science and technology companies, including Tencent, Lenovo and ZTE, have increased their total market capitalization from nearly 2013 to 149 billion US dollars since the beginning of 2013. The wealth of executives and shareholders of P has surged. According to Thomson Reuters data, MSCI

< /p >

For P, private banks have strengthened their team strength in Asia.

Among them, Asia's largest wealth management agency, UBS, has increased the wealth management staff in Asia Pacific region by 8% to 1120 this year. The technology, media and communication team of DBS's holding banking sector has extended its service to wealth management, and its business includes investment banks and corporate banks.

< /p >

< p > in addition, Tee Fong Seng, head of Greater China market of private credit bank of Credit Suisse, also noted that the bank noted that the number of business and customer relationship managers in Greater China last year has increased significantly.

Its number of customer relations managers in the Asia Pacific region has increased by 20% over the past two years.

< /p >

"P", and for these newly born rich men how to manage their finances, bankers have suggested that the most urgent challenge they face is to ensure that these big clients can really produce large sums of money, not just paper riches, but lock most of their wealth in their own companies.

To this end, they recommend customers to take equity financing and other means to obtain sufficient funds to invest in other assets.

< /p >

At P, Chen Shushan, managing director of DBS bank and head of wealth management division, also said they would not get a lot of cash overnight.

They are holding a lot of shares, "most of them have been guarding their own shares, and have to cooperate with banks willing to provide liquidity."

< /p >