HSBC, the largest lender in Hong Kong, will open a wealth centre in the second half of this year as planned, undeterred by the ongoing market turmoil triggered by the US-China trade war.
The wealth centre, which will also serve as a paramedical centre, will provide anti-ageing treatments, medical check-ups, as well as insurance, wealth management and vaccination services, as part of its strategy to tap the growing “silver economy”.
“We take a long-term view of our investments [and] are not worried about short-term market volatility,” Daisy Tsang, CEO for Hong Kong and Macau at HSBC Life, said in an exclusive interview with the Post on Monday. “We strongly believe in Hong Kong’s potential as a hub for wealthy customers from mainland China and beyond to manage their wealth, insurance, retirement and legacy planning.”
The new centre, the insurer’s third, will be located in the heart of the city to make it convenient for visitors from the mainland and local residents living in the Greater Bay Area, she added.
HSBC Life opened its first wealth management centre in Hong Kong at K11 Musea in October 2021 followed by Hysan Place in February 2022. The demand for services at these two centres has been strong, Tsang said, pointing out that the number of clients using these centres more than doubled year on year in 2024.
Tsang said the new centre will offer hyperbaric oxygen therapy, which can heal damaged tissue by helping the body grow new skin, blood vessels and connective tissue.
