Hong Kong Banks to See Wealth ‘Windfall’ as Fees Jump, BI Says

Hong Kong banks, led by HSBC Holdings Plc and Bank of China (Hong Kong), could see wealth fees grow more than 20% this year, driven by fund sales, brokerage income...

By Denise Wee · Bloomberg Markets

Hong Kong banks, led by HSBC Holdings Plc and Bank of China (Hong Kong), could see wealth fees grow more than 20% this year, driven by fund sales, brokerage income and bancassurance, according to Bloomberg Intelligence.