Hong Kong banks to see wealth ‘windfall’ as fees jump: report
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Hong Kong banks, particularly HSBC and Bank of China (Hong Kong), are projected to see wealth fees increase by over 20% this year, driven by fund sales, brokerage income, and bancassurance. Analysts attribute this growth to optimism in AI technology, favorable market conditions, and rising inflows from mainland Chinese migrants. The report suggests that the growth in fees will exceed the low teens consensus expectations, with sustained momentum expected through 2026, supported by a favorable local rate environment and government initiatives to attract wealthy individuals.
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