It is aimed at ‘digital natives’ and offers a range of mutual funds provided by key partners
Citibank in Hong Kong has unveiled Citi Plus a digital wealth platform that offers a range of investment products including mutual funds mostly managed by Aberdeen Standard Investments (ASI), Franklin Templeton and Allianz Global Investors, as well as stocks and money market funds.
The target client segment are “digital natives”, typically defined as young people born since 1980 who have grown up with computers, the internet, video game consoles, mobile phones and social media.
The offering was piloted in December 2020.
“Millennials were invited to participate in research and the co-creation process, through which we could better address target clients’ pain points, and help them grow their wealth via the new service,” said Lawrence Lam, consumer business manager of Citibank Hong Kong.
Credit: Disodium/Flickr
File photo
With customers now owing as much as $600 million in unpaid gas and electric bills, advocates said the state needs to extend a moratorium on utility shutoffs while a program to help them is developed.
As the COVID-19 pandemic has peeled hundreds of thousands of jobs from the economy, the number of residential and commercial customers who have fallen behind in paying their bills has soared, according to utility executives and the state Board of Public Utilities.
Just how big a problem it is remains uncertain. The BPU declined to detail the total amount owed by customers, saying those numbers would be released soon. Others, who spoke at an initial stakeholder meeting on the issue Monday, also mostly avoided talking about specifics.
Two very different but equally enjoyable evenings of music are lined up as pre-Christmas treats that can be enjoyed from the comfort of your home.
First up is Glas Quartet who are presenting Ceol by Candlelight , an evening of Christmas songs and traditional Irish favourites this Tuesday evening at 7pm.
The Quartet, comprising flautist Vourneen Ryan, violinist Ailbhe Kirkan, violist Annemarie McGahon and cellist Aoife Dennedy, are inviting audiences to relax, cosy up and enjoy the music.
Having got together earlier this year when the pandemic restrictions brought an end to their regular national and international engagements, the four have been busy making music together.