Wealth Management

Overview of PWM Markets: Hong Kong, Mainland China and Asia-Pacific (2022)

*This is an updated version of TEPWM21009601 with ONLY Module 2 being updated, i.e. there is no change in Module 1 and 3.  


This eCourse consists of three modules which are the eSeminars by Private Wealth Management Association (PWMA) for Topic 10 of Paper 2 of the Certified Private Wealth Professional (CPWP) Module 1 Examination.

Module 1 focuses on the recent industry trends and characteristics of private wealth management (PWM) markets in Hong Kong and Asia-Pacific including mainland China. (Part 1: In Cantonese with English subtitle, Part 2: In English with Traditional Chinese subtitle)

Module 2 examines the issues that private wealth managers should consider when conducting business in mainland China. (In Putonghua with Traditional Chinese and English subtitle)

Module 3 explores PWM products and services available for mainland China PWM customers in both onshore and offshore markets. (In English with Traditional Chinese subtitle)

*As these three eSeminars are the only source of materials on Topic 10 for preparing CPWP Paper 2 examination, all P2 exam candidates will be enrolled in this course within 1 week of examination enrolment.


On completing this course, you will be able to:
- Describe recent industry trends and emerging challenges for Hong Kong’s private wealth managers
- Identify the key characteristics of Mainland China's financial markets and how they have changed over time
- Describe the trends in the Asia-Pacific PWM industry generally
- Examine the issues affecting Mainland China’s PWM business and analyse how the issues affect customer base of private wealth managers
- Illustrate the legal and regulatory constraints affecting offshore managers conducting business in mainland China
- Describe the role of wealth planning and asset allocation services in enhancing relationships with Chinese HNWIs/UHNWIs
- Compare offshore and onshore investments available to mainland Chinese PWM customers
- Describe a range of China-related products available to international investors interested in the Chinese capital markets.
- Identify in principle the services suitable for Chinese HNWIs/UHNWIs who have offshore assets


Module 1 - Trends and Characteristics of PWM Markets
- Recent industry trends and emerging challenges for Hong Kong’s private wealth managers
- Key characteristics of mainland China customers
- Key products and services in the Asia-Pacific PWM industry

Module 2 - Issues Related to Conducting PWM Business in Mainland China
- Review of China's PWM Market in 2021*
- Factors affecting China’s PWM market
- Participants of China’s PWM market
- Products and services of China’s PWM market
- Regulatory framework and development of China’s PWM markets
- Initiatives for opening up the China’s financial market
- Wealth planning and asset allocation services in enhancing relationships with Chinese HNWIs/UHNWIs
- Overview of Family Offices in China*

*New content

Module 3 - PWM Products and Services for Mainland Chinese Customers
- China onshore and offshore equity markets and products
- China onshore and offshore bond markets and products
- China onshore and offshore funds and private equity markets and products
- Mutual market
- Serving mainland Chinese PWM customers with offshore assets
- Common onshore available products for Mainland Chinese PWM customers

Who should attend

It is primarily targeted to CPWP candidates who wish to take the CPWP Module 1 Paper 2 Examination. It is also relevant to those PWM practitioners who would like to enhance their industry knowledge in wealth management.

Speaker/Course Instructor

Angel WU
Angel Wu is the Head of Product Management Group of Bank of Singapore (Hong Kong) covering Research, Investment Advisory & Trading, Wealth Planning as well as Lending & Credit Structuring services. Angel has over 25 years of experience in the financial industry in Asia. Prior to joining Bank of Singapore, she was the Regional Head of Products & Solutions at ABN AMRO Private Banking, Asia & Middle East. She is also the co-author of "Asian Structured Products (1 August 2017)" published by CFA Institute Research Foundation and "Structured Products: Evolution and Analysis" respectively.
Jeffrey PENG
Jeffery Peng is the Managing Director and the Head of Wealth Management China at Deutsche Bank. He is responsible for overseeing and strengthening the onshore platform, developing and executing long-term expansion strategies in the local market, as well as advising on Greater China business for the North Asia region. Prior to joining Deutsche Bank, Jeffrey was at Bank of Singapore, where he was the Managing Director, Head of Strategic Alliances, as well as Head of the Independent Asset Management Excellence Centre for Greater China and North Asia. Jeffrey has over two decades of experience in the financial industry in Asia covering front, middle and back office responsibilities in various sectors, including private wealth management, corporate finance, mergers and acquisitions and investment management.
Rocky Cheung is the Head of Investment Counselling for the China and Taiwan Market at HSBC Private Banking. He has over 23 years of experience in financial industry. Prior to joining HSBC Private Banking, Rocky was with DBS Private Banking for 15 years. His last role in DBS is Head of Investment Advisory and Product of DBS Hong Kong.


Relevant Subject
Type 1 - Dealing in securities
Type 4 - Advising on securities
Type 9 - Asset management
Simp. Chi / Putonghua,Trad. Chi / Cantonese,English
SFC:2.00, PWMA:2.00