新闻来源：www.bloomberg.com
原文地址：DBS Posts 300% Growth in Semi-Liquid Fund Sales in Greater China
新闻日期：2024-09-17
DBS半有资金在中国大陆地区的销售额今年同比增长了300%，吴Carol（DBS北亚私人银行负责人）在采访中表示。
吴Carol在接受采访时说，中国大陆地区半有资金的年迄今销售额较去年同期增长了300%。这些产品包括部分私人资产作为基础，并提供比封闭式基金更频繁的赎回机会。DBS可以为专业投资者推介这些产品，以前这类产品主要面向机构投资者。
吴Carol还提到，大多数DBS的私募银行客户更偏好半有资金产品，因为它们每季度都能访问这些产品。她表示，中国大陆富裕人士正从股票投资转向美国和欧洲市场。DBS已将其私人银行业务扩展到香港，以吸引来自中国大陆、台湾及其他北亚地区的资金。
Credit Suisse去年曾位列亚洲第三大私人银行（不包括中国内地），管理资产约2010亿美元，根据Asian Private Banker的数据。
原文摘要：
saw sales of its semi-liquid fund products to Greater China spike this year and expects demand to remain high as investors boost allocation for alternative assets.The year-to-date sales of semi-liquid funds to Greater China investors grew 300% compared with a year ago, Carol Wu, DBS head of private banking in North Asia, said in an interview. The products — some targeting double-digit returns with risks laid out to investors — are managed by asset managers including , & Co.and , the bank said. Semi-liquid funds are underpinned partially by private assets but offer more frequent redemption opportunities than close-ended funds. It allows DBS to sell professional investors products that were previously exclusive to institutional investors. While designed to match business capital demands with long-term funding, semi-liquid funds can be forced to sell underlying assets if they face concentrated redemptions requests. Such risks were highlighted by the in client withdrawals for Blackstone Inc.’s real estate fund about two years ago. The majority of DBS’s private bank clients who invest in private equity products, prefer to buy semi-liquid products that they can access on a quarterly basis, said Wu. Private wealth is fueling the growth of semi-liquid funds, which reached a record in assets globally at the end of last year, according to data provider Chinese clients have shifted away from equity-focused investments and increased their exposure to the US and Europe, according to Wu. DBS has been expanding its private banking division, including in Hong Kong to lure money from mainland China, Taiwan and other North Asia clients. The company Credit Suisse as the third largest private bank in Asia, excluding onshore China, last year with some $201 billion assets under management, according to Asian Private Banker.
