Hong Kong attracts increased wealth inflows from Chinese investors due to domestic economic slowdown and currency depreciation.
Hong Kong is experiencing a surge in wealth inflows from Chinese investors seeking to invest in offshore assets due to domestic economic slowdown, property market downturn, and depreciating currency. Investment demand for Hong Kong products like insurance and high-yield time deposits has risen significantly, especially after China eased investment rules for the 'wealth connect' program in February. This trend has encouraged financial institutions in Hong Kong to strengthen the city's status as a wealth hub.
June 16, 2024
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