Asian wealth managers head to Dubai for client diversification

admin 2024年2月22日

Beginner

world news, world news - beginner

Pre-reading questions:

I will read each question. Then, please answer them.

講師がそれぞれの質問を読むので答えましょう。

Have you ever been to Dubai?
Have you heard about any recent trends in global investments or wealth management that caught your attention?

Vocabulary:

I will read the words, meanings, and sample sentences. Then, repeat after me.

単語、意味、例文を読みます。講師に続いて音読しましょう。

rule /rool/

[noun] – an accepted principle or instruction that states the way things are or should be done, and tells you what you are allowed or are not allowed to do
Understanding and following a country’s rules is essential for smooth integration into its society.

chance /chans/

[noun] – an occasion that allows something to be done
Winning the lottery was a rare chance for her to fulfill her lifelong dreams.

politics /POL-i-tiks/

[noun] – the activities of the government, members of law-making organizations, or people who try to influence the way a country is governed
Politics plays a crucial role in shaping government decisions and policies.

attract /uh-TRAKT/

[verb] – (of people, things, places, etc.) to pull or draw someone or something towards them, by the qualities they have, especially good ones
The vibrant colors and lively atmosphere attract tourists to the bustling market.

benefit /BEN-uh-fit /

[verb] – to gain an advantage, improvement, or positive outcome from a particular action, event, or circumstance.
The new policy will benefit employees.

Article reading:

Please read the whole article. Then, I will check your pronunciation and intonation.

記事を音読しましょう。講師はあなたの発音とイントネーションを確認します。

A rising number of Asian wealth managers are starting to do business in Dubai because China and the Middle East are getting along better. More clients are interested in spreading their investments, and Dubai is now the top choice for business-minded people and rich families from Asia, especially China. This is because Dubai has good rules and chances to grow businesses. Noah Holdings, a major Chinese wealth manager with $23 billion in client assets, plans to obtain a business license in Dubai by year-end. This move supports Chinese entrepreneurs in the Middle East and aligns with clients’ wealth growth. The Middle East’s growing significance, post-COVID recovery, fair politics, business-friendly environment, and tax-free status attract wealthy individuals. Previously, Hong Kong and Singapore were preferred, but now people look at new places. Even though there were fewer rich people globally in 2022, the Middle East had more of them by 2.8%. Companies like Farro Capital and Tsang Group are opening offices in Dubai to benefit from its growing wealth and investments. This is because of the area’s political situation and Dubai’s good offers, like the ‘golden visa’ system.

True or False:

Read the sentences and identify if they are true or false based on the article.

文章を読んで、記事に基づいて正誤を答えましょう。

Dubai is the top choice for Asian clients, primarily due to its favorable tax policies.
Noah Holdings plans to obtain a business license in Dubai to primarily support Middle Eastern entrepreneurs in China.
Farro Capital and Tsang Group are among the companies opening offices in Dubai to benefit from its growing wealth and investments.
Previously, Hong Kong and Singapore were equally preferred by wealthy individuals, and Dubai was not considered a competitive option.
Asian wealth managers are increasingly doing business in Dubai due to improved relations between China and the Middle East.

Fill in the blanks:

Choose the correct word from the table then fill in the blanks.

適切な言葉を選んで空欄を埋めましょう。

rule

chance

politics

attract

benefit

The job interview presented a valuable __________ for him to showcase his skills and qualifications.
The innovative design and excellent services __________ customers to the new cafe in town.
It is crucial for visitors to familiarize themselves with the country’s __________ to ensure a respectful and compliant stay.
Learning new skills can __________ your career growth.
Citizens’ engagement in __________ can lead to positive changes in the way a country is governed.