Asia's capital markets set for billionaire boost

Asia’s billionaire wealth surged nearly 13% to $1.2 trillion during the last year, according to a census released by Wealth-X and UBS.

Hong Kong tycoon Cheng Yu Tung bought $27 million worth of shares in Huishang Bank’s IPO.

Jing Song

November 06, 2013

The rapid growth of Asia’s billionaires in terms of number and wealth will benefit capital markets and investment banking business, according to UBS.

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