Steel Blue Square Cufflinks - New Release

Elegance and simplicity combine in this pair of blue and silver cufflinks. The blue setting which gleams as though it could be a precious stone is actually made of fiber optic glass, a fused glass material which has a unique brilliance which is affected by variations in light levels. The square design of these cufflinks is traditional, yet simplified, so that this pair of cufflinks is at once both timeless and current. If you plan to purchase these cufflinks as a gift, you will be pleased to know that they are sold in a presentation box which adds extra flair.

The Swiss bank on Tuesday rescinded its travel guidance and said in a statement it was business as usual in China. A UBS spokesman in Hong Kong declined to offer any further comment when contacted by Reuters on Wednesday. The uncertainty around the UBS banker’s delayed departure comes at a tricky time for foreign investors in China as Beijing steps up curbs and increases scrutiny on offshore investments and outflows amid a weakening economy and currency. And as authorities continue a sweeping campaign to root out graft, some bankers are beginning to get nervous about pursuing arguably one of the biggest opportunity worldwide in the wealth management business.

The UBS snag could prompt clients as well as their offshore advisers to be more cautious in making new investments, four senior private banking sources said, “The immediate impact will be that everyone will be on pause for some time and try to figure out what all these means for China offshore wealth management business,” said a wealth management executive at a large European bank, “All the firms have their rules of engagement with clients when you are handling offshore wealth, The question is if those rules need to be revisited and you have to reinforce that,” he said, declining to be named due to the sensitivity steel blue square cufflinks of the matter..

UBS is the largest wealth manager operating in Asia, with $383 billion of assets under management, according to Asian Private Banker magazine, ahead of Citi, Credit Suisse, HSBC and Julius Baer. Foreign private banks have invested heavily in courting the rich in China - home to the world’s fastest-growing pool of wealth and the second-largest group of billionaires in the world, after the United States. Regulations and restrictions on business ownership and products have so far deterred most banks from having an onshore presence. An offshore business, mainly managed out of their Hong Kong and Singapore hubs, remains the preferred route.

While offshore wealth managers often make “social visits” to clients in their home countries, most nations including China don’t allow them to solicit business or sell overseas investment instruments in the onshore market, The number of rich – those with at least $1 million to invest – steel blue square cufflinks rose by 12 percent last year in Asia Pacific, led by China, The rate of growth was the fastest in the world, according to consultant CapGemini, The investible assets of rich in China is estimated to have reached $8.4 trillion last year, and CepGemini says 45.5 percent of the onshore wealth were held outside the home market as of the second quarter of last year..

A high degree of secrecy means there are no credible data on the total assets that Chinese individuals hold offshore. Offshore private banks are at liberty to help clients - including those from China - manage wealth already outside the mainland via legal means such as through company stock listings, asset sales or the creation of trust companies. But UBS’s recent hiccup comes as bankers and lawyers expect China to get more stringent about the offshoring of wealth. They fear further curbs as Beijing grapples with a weaker currency, and gets access to taxpayer data by sharing financial information with other countries.

Authorities now “may be gradually increasing supervision of offshore assets,” said Song Xu, a partner at Shanghai office of law firm Zhong Yin, The yuan has fallen over 6 percent so far this year, hit by a Sino-U.S, trade dispute, and unobtrusively China has been moving to rein in currency outflows, Moreover, under new global standards aimed at cracking down on tax cheats, China this year began steel blue square cufflinks a two-way exchange of information about bank accounts with other nations, which consultants say will give the authorities more visibility about the offshore holdings of its citizens..

DUBAI (Reuters) - Saudi Arabia’s central bank governor said the kingdom will not penalize foreign banks that boycotted an investment conference in Riyadh because of the fallout from the killing of Saudi journalist Jamal Khashoggi. He also reiterated the country’s commitment to defend its currency peg to the dollar after some recent weakness. Saudi Arabian Monetary Authority (SAMA) Governor Ahmed al-Kholifey, speaking in an interview with Al Arabiya TV on Wednesday, said that institutions that pulled out of the Saudi conference will still be able to apply for and obtain banking licenses to operate in the kingdom.

More than a dozen foreign banks have licenses to operate branches in Saudi Arabia, battling for business resulting from the kingdom’s efforts to itself off reliance on oil revenues, But U.S, and European reaction to Saudi Arabia’s account of the death of dissident journalist Jamal Khashoggi is threatening to smother some of the enthusiasm among some Western banks for opportunities in the kingdom, “We, at the central bank, deal in complete professional manner whether with local or international banks,” al-Kholifey said when asked if the banks that decided not to participate in steel blue square cufflinks the event will be penalized..

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