Rhine Capital
Rhine Capital is a multi-family office and asset management company headquartered in Hong Kong. The sister company, Rhine Asset Management, holds Dealing in Securities (Type 1), Advising on Securities (Type 4) and Asset Management (Type 9) licenses issued by the Securities and Futures Commission of Hong Kong (SFC).Rhine Capital provides one-stop services, specialized in Independent Asset Management, Funds, Primary market, Underwriting and Tax Planning to high-net-worth individuals, families and their businesses to help them properly preserve and grow their assets. The company takes an objective position on the financial products. Its investment decisions and recommendations are based on professional knowledge, in-depth research and financial market analysis, aiming to achieve the best long-term interests for its clients.
Competitive Edges
Root from China
We have a deep understanding of Chinese capital market dynamics. All our team has a deep China exposure.
Global Present
We have an international perspective on investments. We perform a careful assessment of the intrinsic value of listed companies around the world.
Zero Tolerance Compliance Culture
We abide by a strict compliance culture, which better protects the interests of all investors
Our Team
Brian Lam
Founder Managing Partner
Founder of Rhine Family Office
Experience in SOE Asset Management Platform
Focus on asset allocation and investment
Ben Cheung
Chief Investment Officer
13 Year Multi-Asset Investment Experience
Manage Funds with AUM over USD 1B
Former Hedge Fund Manager, Former Assistant Fund Manager in AIA and Guotai Junan
Kalvin Tse
Managing Director
18 Year Experience in global capital markets and real estate investments
Former BNP Paribas Head of Asia Pac Real Estate Finance, IBD
Dicky Tse
Co-Founder Managing Director (Institutional Sales)
Experience in family office, asset management and investor relations
Business development, coordinate professional corporate advisory and non-financial solutions provider
Our Services
Independent Asset Management
A client opening an account with a custodian bank, which may be a private bank, and placing assets in the account. The client gives Rhine Capital authority and power of attorney as a third party to represent them in managing the investment portfolio and asset allocation.
Funds
Rhine Capital manages own funds and co-manages funds with leading asset management companies in mainland China and Hong Kong. We believe wealth preservation is in the best long-term interests of its clients.
Our investment specialists focus on mainly fixed-income enhanced strategies emphasizing on the follow:
Return being stableHolding for long timeIncome transparentNeutralize riskEarnings growing
Primary Market
Rhine Capital concentrates its efforts on private equity and venture capital projects, specifically targeting investments in innovative and disruptive technologies as well as groundbreaking business models.
This strategic focus allows the firm to identify and support startups and established companies that are at the forefront of technological advancement and market transformation. By investing in sectors that promise significant growth potential, Rhine Capital aims to foster innovation while achieving substantial returns for its investors.
Underwriting
Rhine Capital engages in a collaborative relationship with various issuers, including state-owned enterprises (SOEs) from China, to provide comprehensive support in the underwriting of offshore bonds and equities.
This partnership involves not only facilitating the issuance of these financial instruments but also offering strategic advice and market insights to ensure successful capital raising efforts.
Tax Planning
Specialized in enterprises and personal tax planning, our services focus on providing tailored strategies that optimize tax efficiency for both businesses and individuals.
By combining expertise in both corporate and personal tax matters, we aim to deliver holistic solutions that address the multifaceted nature of tax planning, ensuring that our clients can effectively manage their tax responsibilities and achieve their financial objectives while ensuring compliance with all relevant regulations.
Insights
Weekly Comments
our Investment Strategist highlights that volatile policy-making in Washington DC is beginning to wear upon forward-looking recession prediction statistics. Consensus has started to downgrade the US growth outlook as a result. Will President Trump push the economy into recession so soon? Risks are rising, but with low unemployment, a strong corporate sector and a Federal Reserve that has room to cut rates, it is too soon to say....
11 Mar 2025
Weekly Comments
Our Investment Strategist notes that tariffs on Canada and Mexico are set to be enacted. A further 10% tariff on Chinese goods will also be put in place. This represents an extreme experiment in terms of how economies, households and businesses will react. The good news is that the US has solid “initial conditions”, but this can change quickly, and inflation surveys and market pricing are already pointing to higher CPI ahead....
4 Mar 2025
Weekly Comments
Our Investment Strategist highlights Japanese inflation, which tells the story of a new economy; prices and wages are rising, alongside aggregate consumption, even with a shrinking population. This means that over time, it may be less ‘risky’ for the Bank of Japan to continue with rate hikes. Japanese equities are our most preferred in Asia...
25 Feb 2025
Weekly Comments
Our investment strategist highlights that US corporate profit is set to accelerate in 2025, setting the stage for broad earnings recovery. China Internet Sector will outperform this year too. We also note that US Treasury yields have been volatile recently due to uncertainties from Trump's policies...
11 Feb 2025
Weekly Comments
Our investment strategist highlights that the new US Administration is moving very quickly via Executive Orders, which are likely to be followed up with legislation. We believe the AI theme remains intact and demand for substantial infrastructure upgrades will continue, as leading edge Large Language Models (LLM) are still required in the development process.....
4 Feb 2025
Weekly Comments
Our investment strategist expects the financial information services industry to benefit from rising financial market activities.Higher asset values and stronger deal pipelines at global investment banks are expected to create a more favourable environment for information services firms focusing on data feeds and market intelligence. (comments to resume on 4 Feb 2025)....
21 Jan 2025
Weekly Comments
Our investment strategist addresses concerns about whether equities can continue to perform after two years of remarkable gains, as seen in 2023 and 2024. Empirical evidence indicates that after trading at a P/E ratio of 22x, the S&P 500 typically delivers returns ranging from +2% to -2% over a ten-year period. Deregulation has been a key component of Trump's policy platform....
14 Jan 2025
Weekly Comments
Our investment strategists emphasize that in the stock market, historical data suggests that after nearly two years of close to a 20% increase, the S&P 500 index may experience adjustments in 2025. They also highlight that artificial intelligence remains a structural theme worth keen attention. In the bond market, we expect interest rate volatility to continue and reaffirm our preference for short-term bonds over longer-term ones...
7 Jan 2025
Weekly Comments
Our investment strategists emphasize that last week, U.S. stocks hovered near historical highs. Ahead of anticipated further rate cuts by the Federal Reserve, the yield on the 10-year U.S. Treasury surged to nearly 4.40%. Even if the Federal Reserve lowers rates further in 2025, the market has accepted our view that high inflation will mean policy rates remain at elevated levels compared to pre-pandemic times...(New issues to be continued in 2025)
17 Dec 2024
Weekly Comments
Our investment strategists emphasize that our core scenario is for the U.S. to achieve a soft economic landing, with the Federal Reserve gradually lowering interest rates through 2025. One of the main risk factors is that inflation could prove to be more persistent. The Federal Open Market Committee (FOMC) updated its Economic Projections Summary during the December meeting....
10 Dec 2024
Weekly Comments
Our investment strategists emphasize that higher yields are driven by rising inflation expectations, reduced recession risks, and potential risk premiums associated with increasing federal government debt. The elevated yields on U.S. Treasury securities, have collectively pushed up the U.S. dollar index. It could also lead to currency devaluations in exporting countries, similar to the situation with the Chinese yuan between 2017 and 2019. ...
3 Dec 2024
Weekly Comments
Our investment strategists emphasize that, in addition to the approval of 6 trillion yuan in fiscal stimulus measures by the National People's Congress in China, we have also observed strong domestic consumption momentum during the "Double Eleven" shopping festival. Asia continues to be a key driver of global growth, supported by India's robust cyclical and structural growth....
26 Nov 2024
Weekly Comments
Our investment strategists emphasize that enhancing portfolio resilience to address geopolitical and policy risks remains crucial. Although bond spreads have narrowed and price increases have been limited, as interest rates decline, bonds are expected to outperform cash, particularly investment-grade bonds, which still offer attractive yields. A diversified asset strategy can help investors capture growth opportunities while managing downside ....
19 Nov 2024
Weekly Comments
Our Investment Strategist emphasizes that during the presidential campaign, Trump made several policy commitments, with tax, immigration, and trade policies being three key areas of investor focus. His stance on these policies could increase price pressure. It is anticipated that tax cuts will stimulate the economy, extend the current growth phase, and have a positive impact on risk assets. However, this may reduce the necessity....
12 Nov 2024
Weekly Comments
Our Investment Strategist emphasizes that the seven key Swing States are currently under scrutiny as markets seek insights into long-term earnings growth. There are likely some vote controversies. The FOMC is set to hold its November meeting this week, with an announcement expected early Friday morning, November 8th, HK time. We anticipate a 25 basis points rate cut...
5 Nov 2024
Weekly Comments
Our Investment Strategist emphasizes that the U.S. elections are just one week away, with market indicators suggesting that Trump may have the potential to secure a victory. In Japan, Prime Minister Ishiba of the Liberal Democratic Party has lost control of the Lower House following the snap elections held over the weekend. This situation is likely to lead to several weeks of negotiations, and we cannot discount the possibility of another election...
30 Oct 2024
Weekly Comments
Our Investment Strategist notes that the U.S. elections are just 13 days away. Current polling data indicates that both candidates are consistently within the margin of error. However, recent trends in the pivotal swing state of Pennsylvania suggest that Trump may hold a slight advantage. Investors should brace for a potential contested outcome, with the Supreme Court likely playing a crucial role...
23 Oct 2024
Weekly Comments
Our Investment Strategist holds the similar view as last week. Although there is surprise in core CPI, there’s no significant upside surprise, the Federal Reserve is poised for two more 25-bps rate cuts this year and there is no significant change to the market direct in the coming months. Our attention should shift to US Presidential Election instead...
16 Oct 2024
Weekly Comments
Our Investment Strategist highlights that the US jobs report for September surpassed expectations significantly. The recent hurricanes may have caused some data distortions, but they don’t fully account for the rebound in hiring. The unemployment rate has declined to 4.1%. Attention this week shifts to the CPI report. Unless there’s a significant upside surprise, the Federal Reserve is poised for two more 25-bps rate cuts this year...
9 Oct 2024
Weekly Comments
Our Investment Strategist discusses the rally in Chinese equities, noting that investors are optimistic about recent announcements aimed at easing borrowing costs for homebuyers. Additionally, unconfirmed reports of a CNY 2 trillion fiscal support package for households and local governments could boost consumption throughout 2024. With low valuations and light investor positioning, the current rally may have room to continue....
2 Oct 2024
Weekly Comments
Our Investment Strategist discusses the Fed's unexpected "jumbo" 50bps rate cut, which contrasts with our expectation and market consensus for a more measured 25bps reduction. This cut is being characterized as "assertive," and we anticipate that the next two FOMC meetings will each result in a 25bps cut. The market has consistently pushed back its predictions for a recession, a trend that has persisted for nearly 18 months...
24 Sep 2024
Weekly Comments
Our Investment Strategist highlights the FOMC meeting as this week’s key macro event. The interest rate decision will be announced at 2:00 AM (HK/SG time) on Thursday, and we maintain our baseline expectation of a 25bps cut. In terms of the US elections, opinion polls show a very tight race between Kamala Harris and Donald Trump, with a third debate looking highly unlikely. While Harris is generally viewed as having "won" ...
17 Sep 2024
Weekly Comments
Our Investment Strategist notes that the addition of 142,000 jobs in the US non-farm payrolls for August fell short of market expectations. However, this is not enough to alter our baseline view of a 25bps rate cut at the upcoming September FOMC meeting. We anticipate that this week’s CPI report will support this perspective. Regarding US equities, seasonal data indicates that the belief in September being a weak month for the S&P 500...
10 Sep 2024
Careers
Rhine Capital is always looking for professional and inspired people
Rhine Capital
Rhine Asset Management Company Limited is licensed by the Hong Kong Securities and Futures Commission (BNQ765).
Call Us
Write to Us
moc.cmaenihr%40ofni
Location
Room 1207, 12/F, Bank of America Tower, 12 Harcourt Road, Central
All rights reserved. Rhine Asset Management Company Limited.
Rhine Capital
Rhine Asset Management Company Limited is licensed by the Hong Kong Securities and Futures Commission (BNQ765).
Call Us
Write to Us
moc.cmaenihr%40ofni
Location
Room 1207, 12/F, Bank of America Tower, 12 Harcourt Road, Central
All rights reserved. Rhine Asset Management Company Limited.