Wen Xiwen, deputy general manager of the personal finance and wealth management department of BOCHK (02388), said that as of February this year, the overall number of BOC private wealth customers has increased by 20% year over year, and new customers have increased 80% year by year.
Zhitong Finance App learned that thanks to full customs clearance and gradual economic recovery last year, demand for wealth management services from high-net-asset customers increased, and the number of high-end customers opening accounts rose significantly. Wen Xiwen, deputy general manager of BOCHK (02388) Personal Finance and Wealth Management Department, said that as of February this year, the overall number of BOC Private Wealth customers has increased by 20% year-on-year, and new customers have increased 80% year-on-year. Among them, private wealth customers are in high demand for more stable investment products, such as bonds, insurance, and relatively low-risk foreign-currency-linked structured investments. The amount of life insurance premiums and fund transaction amounts of private wealth customers also increased significantly during the same period.
Wen Xiwen pointed out that in order to meet the investment and financial management needs of high-net-asset customers, BOCHK opened a sixth private wealth center at the Bank of China Tower. The same building is equipped with wealth management and commercial wealth management value-added service packages, as well as commercial registration services, providing a one-stop service for mainland company registration applications to facilitate customers to simultaneously handle daily business operations and personal financial management needs.
In addition, Private Wealth provides professional and high-quality financial services to clients with a net asset value of HK$8 million or more, including private client-level investment plans, exclusive wealth inheritance and protection solutions such as Star Diamond Private Wealth Life Insurance Plan, and exclusive attorney succession consulting.