“Our private banking and affluent clients have been very active in their investments over the past month,” Raymond Ang, global head of private banking and affluent clients for Greater China and North Asia, said in a recent interview with the Post.
These investors had diversified their portfolios and focused more on shorter-term assets with high liquidity to navigate the expected market volatility during tariff negotiations, Ang said. They have redeemed long-term fund holdings tied to macroeconomic themes or sector-specific funds and reallocated their capital into Hong Kong and mainland stocks, as well as high-quality government bonds.
“The stock market had a deep correction in early April due to the tariff [war] between the US and China,” Ang said. “Our clients said ‘this is the time to buy’, as they found prices cheap. Now the market has bounced back and they have been rewarded.”
