March's most read: Could Russia's SWIFT ban benefit renminbi assets?; Family offices unfazed by Singapore's wealth taxes
For a China looking to internationalise its currency, the Russian banking crisis could make it a force to reckon with; Family offices remain drawn to the city’s tax incentives, political and currency stability, clear regulatory framework and good schools for their children; Indonesia’s new wealth fund is talking to more than 100 investors; AIA set to boost exposure to Asian infrastructure 'as much as possible'; and more.
Could Russia's SWIFT ban be the best thing that ever happened to the renminbi?
Renminbi assets could serve as an attractive alternative for investors looking for a risk-off environment in a new normal where Russian banks are excluded from US dollar trading, however they would have to tread this line very carefully, investors and economists told AsianInvestor.
Following what some have dubbed the “financial nuclear bomb” whereby the European Union has banned several Russian banks …
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