HSBC unveils investment platform for young clientsBy Kao Shih-ching / Staff reporterHSBC Bank (Taiwan) Ltd (匯豐台灣商銀) yesterday launched a new wealth management platform targeting people aged 25 to 40, as more young people prefer investing over saving amid a low-interest environment, the bank said. HSBC Bank (Taiwan) Ltd retail banking and wealth management head Linda Yip, back row third left, and other bank personnel hold promotional material at a news conference in Taipei yesterday to introduce a new investment platform targeting young clients. The bank would consider whether to add local shares to the platform after receiving clients’ feedback, she added. Given that all transactions would be made online over the platform, the bank would not offer insurance products or derivatives for young clients, as trading of such products requires assistance from financial consultants, Lee said. HSBC Taiwan’s wealth management department has about 60,000 clients aged 25 to 40, and the number is expected to rise quickly, as many of them would need to invest amid a low-interest environment, retail banking and wealth management head Linda Yip (葉清玉) said.

Source: Taipei Times September 02, 2020 15:56 UTC