LONDON 🇬🇧
London’s luxury property downturn isn’t over yet. Selling prices in the capital’s most affluent neighborhoods dropped 6.6% last month compared with a year earlier https://t.co/ZzFydWflx4
CHINA 🇨🇳
Younger Chinese shoppers are less likely to blindly splurge on a label, as individuality, practicality and perceived value increasingly shape purchasing decisions https://t.co/hfeyQvLbYV
HONG KONG 🇭🇰
Hong Kong will become the first city in Asia to conduct the technology beyond liver and pancreatic cancers, with tycoon Li Ka-shing funding places for 30 patients across three private hospitals
https://t.co/Bx575lVRbM
FT exclusive: Hedge fund manager Hamza Lemssouguer is close to buying a nearly £40mn Belgravia townhouse from former Harvey Nichols owner Dickson Poon. The move comes as Lemssouguer's firm Arini Capital Management faces pressure from a severe run of losses https://t.co/bxXaxeSFfa
Canada Pension Plan Investment Board is merging its struggling active equities unit with another department after years of weak performance https://t.co/b5AuyftcDv
A historic Pacific Heights mansion once owned by former San Francisco Opera president David Chamberlain has hit the market for $34.95 million, making it the city’s most expensive single-family home listing of 2026. https://t.co/IVVof6sTNS
CHINA 🇨🇳
Citigroup CEO Jane Fraser said a securities license in China completes the bank’s product offering there and gives it an edge over competitors. https://t.co/1nOmkd5gGI
* Their Private Bank is awesome!
Swiss private bank Julius Bär ranked the top 10 cities for lifestyle for HNWIs
1. Singapore
2. Zurich
3. Monaco
4. Hong Kong
5. London
6. Shanghai
7. Paris
8. Sydney
9. Milan
10. Bangkok
Based on prices of 20 luxury goods and services, with a higher weighting to residential property and cars
Included:
Goods: Bicycle, car, champagne, jewellery, men’s suit, residential property, sports equipment, technology package, watch, women’s handbag, women’s shoes
Services: Business-class flight, fine dining, healthcare, hotel suite, LASIK eye surgery, lawyer, MBA, private school, spa