Funds industry bodies and advisers have welcomed the promise of tax breaks, grants and investment schemes, and a re-domiciliation mechanism made by Financial Secretary Paul Chan Mo-po to attract more …
Launched in 2021, the mechanism allows residents of Hong Kong, Macau and nine cities in Guangdong province to invest directly in designated wealth management products across borders. New rules took …
Developments like these have enticed high-net-worth individuals from the mainland to use Hong Kong as a base to manage their investments and diversify their portfolio. “I am very impressed by …
2023 marked the second year of growth for Hong Kong’s banks, after three straight years of compressed margins and slump, as the recession wrought by the Covid-19 pandemic and the …
Hong Kong’s role as the trading hub for offshore yuan will get a leg up from the policies unveiled by the People’s Bank of China to enhance wealth management and …
The soon-to-be-launched enhancements to the cross-border Wealth Management Connect scheme are set to boost sales and capital flows between Hong Kong, Macau and the nine mainland Chinese cities in the …
Standard Chartered Bank, one of Hong Kong’s three note-issuing banks, reported a 40 per cent increase in the number of customers buying ESG (environmental, social and governance) funds in the …