(Hong Kong Comprehensive News) The demand for wealth management and overseas asset allocation of residents in mainland China is flowing to Hong Kong, which is expected to promote the development of the local financial industry.
According to Bloomberg News on Tuesday (May 9), thanks to the increase in mainland tourists after the customs clearance, many cross -border customers in Hong Kong increased their cross -border customers in the first quarter.The new number of new account opening accounts in Bank of China Hong Kong was 1.7 times that of the previous quarter. The number of new accounts opened for non -Hong Kong customers in the first quarter of Hang Seng Bank increased more than doubled compared with the previous year.
The demand for private banks is also increasing.A European anonymous banker told Bloomberg that a wealthy Chinese customer asked about family offices, insurance and real estate matters, and the number has exceeded the level before the new crown epidemic.
It is reported that not only a wealthy family, but the middle class also allocates overseas assets through Hong Kong, investing in stock markets and buying insurance.
Insurance sales have also surged.HSBC's chief financial officer said that the highest level of account opening in Hong Kong's insurance industry has been seen for a period of time, thanks to the open border of mainland China and the influx of mainland tourists.
According to the statistics of the Hong Kong Immigration Department, the "May 1st" holiday, about 625,000 visitors in the Mainland.
A survey by HSBC shows that 60% of mainland Chinese people who plan to visit Hong Kong after travel are to deal with financial issues.
Bloomberg industry research analysts said that the demand for cross -border bank account opening and insurance is strong, helping to boost the Hong Kong financial industry in terms of capital flow and income, and it is also good for the employment and retaining talents of the wealth management and insurance departments.
