May 18, 2024
Finance

Wealthy clients turn to HSBC, Manulife, Bank of China amid heightened interest in Hong Kong’s cash-for-residency scheme

The scheme has garnered considerable interest, with the department receiving applications on the first day, said Alpha Lau, the director general of InvestHK, who did not reveal the exact number. InvestHK has seen considerable interest in the new CIES scheme. Photo: Eugene Lee “It shows that high-net-worth individuals … are interested in the diverse investment

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Investment

Hong Kong’s family office push, investment scheme and US rate cuts to spur demand for yuan assets: Standard Chartered

The anticipated US interest-rate cuts, the Hong Kong government’s measures to attract family offices and the coming investment migration scheme will attract investors to yuan-denominated assets this year, according to a senior executive at Standard Chartered Bank. The lender, one of the three note-issuing banks in the city, believes the Federal Reserve will start cutting

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