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info.gov.hkAXA unveiled AXA Global Private on Monday to serve wealthy families with combined insurance, wealth, and succession services. The move targets rising cross-border wealth inflows into Hong Kong.
Finance Minister Koo Yun Cheol said authorities will monitor foreign exchange and bond markets closely and act promptly against excessive moves. The won approached 1,536.95 per dollar on Wednesday.
Wealthy clients from Europe and the United States are exploring investment and wealth management opportunities in Asia. This move aims to protect their portfolios from ongoing market volatility. The information comes from the head of private banking at DBS.