Bank finance articles and tips

Asian financial centers like Hong Kong are experiencing an increase in wealthy individuals seeking asset protection. The growth of investment here outpaces the global average for wealth growth.

In 1997 the British returned Hong Kong to China. The city became one of China's two Special Administrative Regions. Many foreign investors were initially fearful of the impact of the city now being run by a communist power, and some investors pulled their investments out of their local accounts.

However, the governing model adopted by Beijing has proven very successful. The model provides this unique city with a high degree of autonomy in all matters except foreign relations and defense allowing Hong Kong to use its financial expertise to expand commerce between East and West....

In the past, many of those seeking bankruptcy protection were underprivileged individuals who suffered a lifetime of difficulty in making ends meet. These days it isn't uncommon for middle class, and even those considered "rich", to file for bankruptcy. The reasons behind bankruptcy filings among different socioeconomic statuses may be different, but one pattern is common among them all: the degree of hesitancy to file....