Hong Kong’s Hang Seng Bank reported a 33% increase in income generated by its wealth management business, driven by strong demand for investment products.
Tag: Hang Seng Bank
Robo-advisors gain ground in China
Robo-advisors are posing challenges to the people-oriented wealth management industry in China, according to panelists at Fund Forum Asia 2017 in Hong Kong.
Retail capital flowing into multi-asset funds
Retail sales of global multi-asset funds in Hong Kong surged in December 2016, suggesting the retail base is now seeking diversification.
Hang Seng’s mainland JV debuts product
Hang Seng Bank’s Shenzhen-based mutual fund joint venture has launched an equity-focused fund, said Rosita Lee, the lender’s head of investment products and advisory business.
Survey: Chinese investors want more passives
A Hang Seng Bank poll shows that mainland investors are keen on increasing global allocation and on using passive products.
The FSA Spy market buzz – 14 October 2016
Hang Seng’s bestsellers; CIMB concentrates; Phillip’s new ETF; Competition in HK; Capital Group’s observation; DBS on the fence; Nanny UOB and much more.
Path cleared for `widespread’ foreign ownership of AM firms
Hang Seng Bank’s majority stake in a mainland fund house signals a relaxation of rules governing foreign ownership rules in the financial industry, said Z-Ben Advisors.
Hang Seng cleared for AM partnership in Qianhai
Chinese regulators have approved Hang Seng Bank’s application to take a majority stake in a new asset manager based in Qianhai, Shenzhen.
Hang Seng PB sees flows into bonds
Fixed income accounts for nearly half of wealth management gross fund sales this year, said Rosita Lee, head of investment products and advisory business.
Hang Seng names new retail and WM head
Her appointment follows the retirement of Nixon Chan, effective July 1.
