Hywin Holdings
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



2024 / 2025 Summits in Hong Kong & Singapore
Institutional Investor Summit / Roundtable - March / Oct / Nov
Investment / Alternatives Summit - March / Oct / Nov
Investment Day - March / July / Sept / Oct / Nov
Private Wealth Summit - April / Oct / Nov
Family Office Summit - April / Oct / Nov
View Events | Register


This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $30 billion.











China Hywin Wealth Investigated in China for Involvement in Illegal Fundraising, Missed Payments on Asset-Backed Investments in 2023, Announced in 2024 July to Exit Wealth & Asset Management Businesses with $1.2 Billion AUM Focusing on HNW Clients & Shifts to a Consumer-Focused Technology Company, Company Renamed as Santech Holdings Limited, Hywin Wealth Management Will be Owned & Controlled by Han Hongwei, Hywin Wealth Has 1,749 Relationship Mangers Across 91 Cities in China in 2023

12th September 2024 | Hong Kong

China independent wealth management firm Hywin Wealth is being investigated in China for involvement in illegal fundraising, and had missed payments on asset-backed investments in 2023.  In 2024 July, China Shanghai-based Hywin Holdings announced to exit the Wealth & Asset Management businesses with $1.2 billion AUM focusing on HNW clients (high net worth), and shifts to a consumer-focused technology company (Company renamed as Santech Holdings Limited).  In 2023, Hywin Wealth has 1,749 relationship mangers across 91 cities in China, and the asset management business AUM is at $1.2 billion (June 2023).   In 2023, Hywin Wealth had missed payments on asset-backed investments, with the firm products mainly linked to China property sector.  Announcement (28/6/24): “Hywin Holdings Ltd. (the “Company”) (NASDAQ: HYW) today announced updates on its plan for strategic business transformation. Reference is made to the announcement made by the Company on March 27, 2024 (the “Announcement”) where the Company announced its plan for strategic business transformation. The Company has continued to assess ongoing changes in its operating environment, and today announced further updates to transform its businesses, including: (i) completely exit the wealth management and asset management businesses by terminating the China VIE Agreements (as defined below), (ii) shift its business focus towards the technology sector, and (iii) change the Company’s name to Santech Holdings Limited.” Exit from the Wealth Management and Asset Management Businesses – The Company has decided to cease its wealth management and asset management businesses by terminating the contractual arrangements (the “China VIE Agreements”) with Hywin Wealth Management Co., Ltd. (“Hywin Wealth Management”), a variable interest entity in China currently controlled by Hywin Enterprise Management Consulting (Shanghai) Co., Ltd., a wholly owned subsidiary of the Company. Following such termination, Hywin Wealth Management will cease to be a consolidated entity of the Company. Hywin Wealth Management will be owned and controlled by Mr. Han Hongwei, who has indicated that he will continue to lead Hywin Wealth Management and will remain fully committed to resolve ongoing redemption issues for its affected Chinese clients.  New Business Focus in Technology – The Company plans to become a technology company. In particular, the Company plans to seek new, innovative opportunities in the technology sector, including, among others, new retail, social e-commerce, and metaverse industries. The Company may seek to expand into the technology sector organically by incubating new technology models, or by forming strategic partnerships with third parties, or both.  In addition, the Company will further assess its remaining assets and operations in its health management services and may consider alternatives with respect to such assets and operations.  Change of the Company’s Name – To align with the Company’s new business focus, the Company proposes to change its English name from Hywin Holdings Ltd. to Santech Holdings Limited and to adopt and register the Chinese name of 三合智能控股有限公司 as its dual foreign name. An extraordinary general meeting will be held by the Company in due course to pass a special resolution to effect such name change.  The board of directors of the Company approved the above business transformation plan on June 28, 2024. While the Company believes its business transformation plan will open up new opportunities for the Company and bring about sustainable growth in the long run, it cautions investors about the risks associated with investing in the Company’s American Depositary Shares (“ADSs”). As with any change, there are inherent uncertainties associated with such restructuring. The Company anticipates that it will experience a significant reduction in both operational and revenue scales in the short term, during which it may not achieve its historical profit level. As a result, the Company’s business, financial condition and results of operations could be materially and adversely affected. The Company warns investors to be cautious when investing in its ADSs.

“ China Hywin Wealth Investigated in China for Involvement in Illegal Fundraising, Missed Payments on Asset-Backed Investments in 2023, Announced in 2024 July to Exit Wealth & Asset Management Businesses with $1.2 Billion AUM Focusing on HNW Clients & Shifts to a Consumer-Focused Technology Company, Company Renamed as Santech Holdings Limited, Hywin Wealth Management Will be Owned & Controlled by Han Hongwei, Hywin Wealth Has 1,749 Relationship Mangers Across 91 Cities in China in 2023 “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day
17th Oct Hong Kong | 7th Nov Singapore

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Join 20+ CIOs & Senior investment team, with > 60% single family offices with $300 million AUM. Taking place on 17th Oct 2024 in Hong Kong, 7th Nov 2024 in Singapore. Every March, July, Sept, Oct & Nov.
Visit | Register here


The 2024 Family Office Summit
17th Oct Hong Kong St Regis | 7th Nov Singapore Amara Sanctuary Resort

Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here


2024/2025 Institutional Investor Summit / Roundtable
March / Oct / Nov in Hong Kong & Singapore

Join CEOs, CIOs, Senior investment team from Sovereign Wealth Funds, Pension Funds, Endowments, Foundations & Charities in Hong Kong, Singapore & Asia-Pacific at the 2024 Institutional Investor Summit / Roundtable.   Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here


2024/2025 Investment / Alternatives Summit
March / Oct / Nov in Hong Kong & Singapore

Join leading asset managers, hedge funds, boutique funds, private equity, venture capital & real estate firms in Hong Kong, Singapore & Asia-Pacific at the Investment / Alternatives Summit. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here


2024/2025 Private Wealth Summit
April / Oct / Nov in Hong Kong & Singapore

Join CEOs, CIOs, Head of Private Banking, Head of Family Offices & Product Heads at The Private Wealth Summit.  Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here





 

China Shanghai-Based Hywin to Exit Wealth & Asset Management Businesses with $1.2 Billion AUM Focusing on HNW Clients & Shifts to a Consumer-Focused Technology Company, Company Renamed as Santech Holdings Limited, Hywin Wealth Management Will be Owned & Controlled by Han Hongwei, Hywin Wealth Has 1,749 Relationship Mangers Across 91 Cities in China in 2023

Shanghai Pudong City | Leading Financial Centre in Asia

3rd July 2024 – China Shanghai-based Hywin Holdings has announced to exit the Wealth & Asset Management businesses with $1.2 billion AUM focusing on HNW clients (high net worth), and shifts to a consumer-focused technology company (Company renamed as Santech Holdings Limited).  In 2023, Hywin Wealth has 1,749 relationship mangers across 91 cities in China, and the asset management business AUM is at $1.2 billion (June 2023).   In 2023, Hywin Wealth had missed payments on asset-backed investments, with the firm products mainly linked to China property sector.  Announcement (28/6/24): “Hywin Holdings Ltd. (the “Company”) (NASDAQ: HYW) today announced updates on its plan for strategic business transformation. Reference is made to the announcement made by the Company on March 27, 2024 (the “Announcement”) where the Company announced its plan for strategic business transformation. The Company has continued to assess ongoing changes in its operating environment, and today announced further updates to transform its businesses, including: (i) completely exit the wealth management and asset management businesses by terminating the China VIE Agreements (as defined below), (ii) shift its business focus towards the technology sector, and (iii) change the Company’s name to Santech Holdings Limited.” Exit from the Wealth Management and Asset Management Businesses – The Company has decided to cease its wealth management and asset management businesses by terminating the contractual arrangements (the “China VIE Agreements”) with Hywin Wealth Management Co., Ltd. (“Hywin Wealth Management”), a variable interest entity in China currently controlled by Hywin Enterprise Management Consulting (Shanghai) Co., Ltd., a wholly owned subsidiary of the Company. Following such termination, Hywin Wealth Management will cease to be a consolidated entity of the Company. Hywin Wealth Management will be owned and controlled by Mr. Han Hongwei, who has indicated that he will continue to lead Hywin Wealth Management and will remain fully committed to resolve ongoing redemption issues for its affected Chinese clients.  New Business Focus in Technology – The Company plans to become a technology company. In particular, the Company plans to seek new, innovative opportunities in the technology sector, including, among others, new retail, social e-commerce, and metaverse industries. The Company may seek to expand into the technology sector organically by incubating new technology models, or by forming strategic partnerships with third parties, or both.  In addition, the Company will further assess its remaining assets and operations in its health management services and may consider alternatives with respect to such assets and operations.  Change of the Company’s Name – To align with the Company’s new business focus, the Company proposes to change its English name from Hywin Holdings Ltd. to Santech Holdings Limited and to adopt and register the Chinese name of 三合智能控股有限公司 as its dual foreign name. An extraordinary general meeting will be held by the Company in due course to pass a special resolution to effect such name change.  The board of directors of the Company approved the above business transformation plan on June 28, 2024. While the Company believes its business transformation plan will open up new opportunities for the Company and bring about sustainable growth in the long run, it cautions investors about the risks associated with investing in the Company’s American Depositary Shares (“ADSs”). As with any change, there are inherent uncertainties associated with such restructuring. The Company anticipates that it will experience a significant reduction in both operational and revenue scales in the short term, during which it may not achieve its historical profit level. As a result, the Company’s business, financial condition and results of operations could be materially and adversely affected. The Company warns investors to be cautious when investing in its ADSs.

About Hywin Holdings Ltd. – Hywin Holdings Limited, to be renamed Santech Holdings Limited, is a consumer-focused technology company. The Company historically served a large number of high net-worth clients in China in financial services and health management, and accumulated a large customer base. The Company has exited or disposed of its historical businesses in financial services and is actively exploring innovative new opportunities in technology, including but not limited to new retail, social e-commerce and metaverse.

 

 

China Hywin Wealth Missed Payments on Asset-Backed Investments, Firm Products Mainly Linked to China Property Sector, Hywin Wealth Has 1,749 Relationship Mangers Across 91 Cities in China, Asset Management Business AUM at $1.2 Billion, Hywin Holding Share Price Decreased -65% in Last 30 Days to $68 Million 

20th December 2023 – China independent wealth management firm Hywin Wealth had missed payments on asset-backed investments, with the firm products mainly linked to China property sector.  Hywin Wealth has 1,749 relationship mangers across 91 cities in China, and the asset management business AUM is at $1.2 billion (June 2023).  Hywin Holding share price decreased -65% in last 30 days to $68 million (19/12/23).  Hywin Holding (14/12/23): “Hywin Holdings Ltd. (“Hywin”, or the “Company”) (NASDAQ: HYW), a leading independent wealth management service provider in China, today announced that redemption issues have been reported on certain asset-backed products previously distributed by the Company. The asset managers of these products were unable to reach an agreement with the relevant clients to defer redemption. While the Company acted only as distributor of these asset-backed products, the clients are now demanding repayment from the Company. Any failure to adequately deal with these redemption issues could materially and adversely affect our reputation, client relationship, business, financial condition and prospects. The Company has formed a special investigation committee comprised of members of senior management to oversee an internal investigation. The investigation is at a preliminary stage. Additional information concerning material developments of the investigation will be released by the Company in a timely manner.”

Hywin Holding (14/12/23): “Hywin Holdings Ltd. (“Hywin”, or the “Company”) (NASDAQ: HYW), a leading independent wealth management service provider in China, today announced that redemption issues have been reported on certain asset-backed products previously distributed by the Company. The asset managers of these products were unable to reach an agreement with the relevant clients to defer redemption. While the Company acted only as distributor of these asset-backed products, the clients are now demanding repayment from the Company. Any failure to adequately deal with these redemption issues could materially and adversely affect our reputation, client relationship, business, financial condition and prospects. The Company has formed a special investigation committee comprised of members of senior management to oversee an internal investigation. The investigation is at a preliminary stage. Additional information concerning material developments of the investigation will be released by the Company in a timely manner.”

 

 

China Hywin Wealth Missed Payments on Asset-Backed Investments

Hywin Financial Holding Group

Hywin Financial Holding Group was established in 1989, headquartered in China’s international financial center – the Lujiazui Finance and Trade Zone in Shanghai. Currently, the Group has over 5,000 staff, manages more than RMB100 billion assets and operates in the United States of America and the United Kingdom.  Hywin International is a subsidiary of Hywin Financial Holdings Group Co., Ltd. established in Hong Kong and is the core operating platform for overseas businesses.

About Hywin Holdings Ltd.
Hywin (NASDAQ: HYW) is a leading independent wealth management service provider in China focusing on providing asset allocation advisory services and comprehensive financial products to high-net-worth clients. The Company’s primary services are wealth management, asset management, other comprehensive financial services, and health management services. Wealth management is currently the Company’s largest business segment, in which its onshore and offshore solution platforms serve clients across generations. The Company also offers integrated and high-end health screening and health management services to high-net-worth clients in China, and aims to become a dual-platform serving clients across market cycles and life cycles. For more information, please visit https://ir.hywinwealth.com/.




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    Investment ProfessionalAdvisorProfessional InvestorFinancial ProfessionalManagementOthers


    $20 million to $100 million AUM$100 million to $300 million AUM$300 million to $1 billion AUM$1 billion to $10 billion AUM$10 billion to $100 billion AUMMore than $100 billion AUM


    Mailing List / Free TrialMonthly SubscriptionYearly SubscriptionMembershipEvents


    2024 Investment Day Hong Kong 17th Oct2024 Investment Day Singapore 7th Nov2024 Family Office Summit Hong Kong 17th Oct2024 Family Office Summit Singapore 7th Nov2025 Events












    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • July 2024 - Hong Kong
    • July 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Oct 2024 - Hong Kong
    • Nov 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014