Latest Notes
All notes →China and India Wealth Outflow to Asia: Five Patterns I'm Watching
China is sending out 7,800 millionaires this year; India 3,500. Singapore is receiving 1,600. Behind those headline numbers, five structural patterns are reshaping where Asian wealth gets booked, deployed, and inherited.
The VCC Has Quietly Become Asia's Default Fund Vehicle — Here's Why That Matters
The VCC was launched in 2020 as Singapore's bid for fund domicile share. Five years on, it has become the default rather than the alternative. Here's why that quiet shift matters more than the launch headlines did.
SEA's Funding Reallocation Story (Not the "Recovery" Narrative)
The dominant SEA startup story is 'recovery.' The data doesn't support that — it supports reallocation. Here's the framework I'm using to read where the capital is actually going.
Singapore's Family Office Boom Isn't What You Think — A Mid-Tier Wealth Practitioner's Read
The 1,400-then-2,000 SFO headline is real, but it isn't the story. Here's the read I'm having on what's actually pulling mid-tier wealth into Singapore — and what the substance updates mean in practice.