Hong Kong-based securities firm Shenwan Hongyuan Securities has launched a wealth management brand to cater to professional investors and high net worth (HNW) individuals.
Analyze opportunies within the wealth management market in APAC
- The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
- The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
- The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
- The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
- The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
Dubbed Wynner, the business will offer financial solutions with a focus on overseas asset allocation and global market investment.
The move is part of Shenwan’s strategy to provide a ‘flexible and one-stop diversified comprehensive wealth management services’ to its clients.
The company said that its professional investment advisory services team will provide personalised wealth management solutions with a selection of financial products.
These will include securities trading, custody services, and family legacy planning among other things.
Shenwan Hongyuan Securities said in a statement: “The company deeply believes that it’s the perfect timing to launch ‘Wynner’ and is committed to providing all-rounded wealth management products and premier financial services among these HNWIs to meet their different investment needs, create high returns on investments and enjoy the excellent financial experience.”
Shenwan, which is a subsidiary of China-based Shenwan Hongyuan Group, also expand its wealth management services to the Greater Bay Area by tapping the group’s internal and external resources.
The firm will collaborate with the local teams in mainland China to customise comprehensive wealth management solutions for each client, it said.
Recently, Hong Kong Monetary Authority (HKMA) launched a cross-border wealth link that would enable financial institutions in the country to tap the Greater Bay area.
Analyze opportunies within the wealth management market in APAC
- The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
- The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
- The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
- The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
- The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
