Hang Seng Bank doubles down on wealth hubs despite Beijing’s tighter investment scrutiny

Hang Seng Bank says it continues to invest in its wealth centre network to capture growing demand from high-net-worth clients, even as Hong Kong’s wealth management industry faces uncertainty amid Beijing’s tighter scrutiny of mainland Chinese investors’ cross-border investments. The Hong Kong lender recently opened a new wealth management centre at Hysan Place in Causeway Bay, its second such facility after launching its first at Harbour City in Tsim Sha Tsui earlier this year. The 6,300 sq ft...