The banks can now start providing Wealth Management Connect (WMC) services.
Category: Hong Kong
Strong Hong Kong demand for structured products
Equity-linked vehicles gained traction among HK$5.7trn of all investment products sold in 2020, regulators found.
BEA Union Investment restructures funds
The asset manager has converted five unit trusts into open-ended fund companies (OFCs) to lure mainland investors.
China connectivity to fuel Hong Kong PWM growth
The AUM of the city’s private wealth management (PWM) industry is expected to grow six to 10% per annum over the next five years, say wealth managers.
Fund managers are cautious about GBA WMC
Large capital flows are not expected into the Greater Bay Area Wealth Management Connect (GBA WMC) scheme in the near future, according to Cerulli Associates.
Investors engage with CLP on climate change
The Hong Kong power company commits to net zero emissions by 2050 and phasing out coal power by 2040.
Southbound bond connect off to a steady start
The long-delayed launch of the southbound channel saw $619m of volume on the first day of trading.
Hong Kong drives sustainable finance agenda in GBA
The Greater Bay Area (GBA) Deep Decarbonisation Pathway and Transition Financing Opportunity is one of three new sustainability-focused projects to advance the region’s green agenda.
China gives Southbound Bond Connect the go-ahead
Mainland investors will be allowed to trade offshore debt through Hong Kong as a result of the new development in the scheme.
JP Morgan launches first thematic multi-asset fund in HK
The JP Morgan Future Transition Multi-Asset Fund is a global diversified portfolio focusing on trends shaping the future.
