Hong Kong’s banks and brokers are waiving a range of fees for retail investors eyeing the airport operator’s highly anticipated HK$5 billion (US$641 million) bond, the first targeted at the general public in 20 years.
The soon-to-be-launched enhancements to the Wealth Management Connect scheme are set to boost sales and capital flows in the Greater Bay Area development zone, Hong Kong’s biggest banks said.
Hong Kong's investment-migration scheme has drawn the attention of many wealthy families from mainland China and Asia, who are considering setting up family offices in the city, according to industry players. Chief Executive John Lee Ka-chiu proposed a revamped investment migration programme for wealthy individuals and their families during his annual policy address in October, offering fast track residency for at least HK$30 million (US$3.8 million) of investment in local stocks or other assets
Family office operators say many of their customers have shown an interest in the soon-to-launch migration scheme, particularly those from mainland China.
Chan, a former partner at law firm Davis Polk, joined HKEX as head of listings in January 2020 and was promoted to her current role on February 1 to oversee group strategy, human resources, mainland Chinese development and LME Clear.