Helping Asian Wealth Management Communities interact

What’s Hong Kong doing to improve the value proposition in wealth management? - Anna Wong

Anna Wong of Hong Kong University

Mar 19, 2019

Jump to section:

1. What’s Hong Kong doing to improve the value proposition in wealth management?

Video transcript

1. What’s Hong Kong doing to improve the value proposition in wealth management?

I think I need to pull back a little bit after the financial crisis which happened in 2009. I think since the financial crisis, I think Hong Kong learned a lot. Hong Kong, I mean not just the overall market, but the practitioners and the investors. I think a lot of things have progressed since 2009, the global financial crisis. And the overall dynamics of our investors' knowledge, our bankers' knowledge have helped us to maintain Hong Kong’s growth as an international financial wealth management centre. Specifically, what has been done, I think we have to upgrade our banks. In terms of their competency and knowledge and taking the clients' interest first. I think we have done a lot through the regulators, of course, through the banks own value proposition. So, our bankers are now more equipped to deal with our clients. Not just from investment perspective, but a more holistic approach in dealing with our clients. And on the other hand, clients' knowledge, clients' education level, their investment experience, understanding market dynamics, understanding of risk have also improved. I think all these help us to build the industry to be healthier and stronger.