AXA and Standard Chartered are set to unveil new offerings targeting high-net-worth clients in Hong Kong, despite recent regulatory changes affecting cross-border investments by mainland investors. AXA will launch AXA Global Private, a platform catering to clients with HK$10 million to HK$50 million in insurance policies or investment products. This move signals the firms’ commitment to expanding their presence in Hong Kong’s offshore wealth market. The decision by AXA and Standard Chartered to forge ahead with their expansion plans reflects their confidence in the market’s potential, despite regulatory tightening on cross-border investments. Hong Kong Monetary Authority confirmed all banks’ compliance…
News Timeline:
Track the development of this news story across the Internet.