BEAMSTART Logo

In the Greater Bay Area, Wealth Management Connect products offered by HSBC and Standard Chartered have seen an increase, as they continue to promote cross-border investments.

SCMP LogoSCMP2 mo ago

 In the Greater Bay Area, Wealth Management Connect products offered by HSBC and Standard Chartered have seen an increase, as they continue to promote cross-border investments. - SCMP

Quick Summary:

HSBC, Standard Chartered and Hang Seng Bank are rolling out more products tied to the Wealth Management Connect scheme amid a drive by Beijing to boost the Greater Bay Area’s financial markets.

New rules took effect on February 26 raising the individual investment quota from 1 million yuan (US$138,923) to 3 million yuan and adding yuan-denominated deposit products of mainland banks – moves viewed by lenders as creating more business opportunities.

The expanded product offerings include more than 100 mutual funds investing in Asia and global markets, allowing southbound investors – those in mainland China eyeing Hong Kong’s capital markets – to diversify their portfolios and tap international assets.


More Pictures

 In the Greater Bay Area, Wealth Management Connect products offered by HSBC and Standard Chartered have seen an increase, as they continue to promote cross-border investments. - SCMP (Picture 1)

or

Article Details

Author / Journalist: Yuke Xie

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-02-26 @ 15:59:04 (2 months ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 663 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 20218482

View Article Analysis

About SCMP

SCMP Logo

Main Topics: Business

Official Website: scmp.com

Update Frequency: 9 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 2 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story " In the Greater Bay Area, Wealth Management Connect products offered by HSBC and Standard Chartered have seen an increase, as they continue to promote cross-border investments." has 663 words across 18 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Which news outlet covered this story?

The story " In the Greater Bay Area, Wealth Management Connect products offered by HSBC and Standard Chartered have seen an increase, as they continue to promote cross-border investments." was covered 2 months ago by SCMP, a news publisher based in Hong Kong.

How trustworthy is 'SCMP' news outlet?

SCMP is a fully independent (privately-owned) news outlet established in 1903 that covers mostly business news.

The outlet is headquartered in Hong Kong and publishes an average of 9 news stories per day.

It's most recent story was published 2 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #20218482
  • URL: https://beamstart.com/news/greater-bay-area-hsbc-standard-17089350681828

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.