Friday, 9 June 2023

Best Wealth Management Bank in Hong Kong – BOC(HK)

5 min read

By The Asian Banker

In 2021, the winning bank’s wealth management business refreshed its core values, providing analysis, wealth planning tools, and lifestyle offers to millennials, in order to live up to its new branding, Live Next Level. The bank has seen a steady growth among digitally savvy millennials, especially new-to-bank young wealth management customers with the number grown by 30% in 2021. The winning bank continued to strike a balance between human and digital connection by leveraging artificial intelligence (AI), data intelligence, and human interactions to serve customers in the best way. Its overall market share of assets under management (AUM) increased in 2021 to 16.4% from 15.9% a year ago. The winning bank has deepened and widened mutual market access between mainland China and Hong Kong via the Wealth Management Connect scheme. It has enhanced its GBA Account Opening Service, with more than 140,000 mainland accounts opened via the service by the end of June 2021.

The Best Wealth Management Bank in Hong Kong goes to BOC (Hong Kong)

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