{"id":58132,"date":"2026-06-08T01:39:08","date_gmt":"2026-06-08T01:39:08","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/58132\/"},"modified":"2026-06-08T01:39:08","modified_gmt":"2026-06-08T01:39:08","slug":"axa-standard-chartered-eye-expansion-in-hong-kongs-booming-offshore-wealth-market","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/58132\/","title":{"rendered":"AXA, Standard Chartered eye expansion in Hong Kong\u2019s booming offshore wealth market"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">French insurer AXA and London-headquartered Standard Chartered will both launch new offerings aimed at capturing high-net-worth clients this week, indicating that the recent regulatory tightening of cross-border investment by mainland investors has failed to dampen plans by international financial firms to expand in Hong Kong.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">AXA on Monday will introduce AXA Global Private, a platform targeting high\u2011net\u2011worth clients who have HK$10 million (US$1.28 million) to HK$50 million worth of insurance policies or investment products with the insurer.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The big investment plans showed neither firm has major concerns about recent regulatory actions signalling increased scrutiny of cross-border investment by wealthy mainland investors.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The Hong Kong Monetary Authority (HKMA) on Saturday said all banks have complied with its instructions issued last month, requiring mainland customers opening investment accounts to declare that their funds originate outside mainland China.<\/p>\n<p>The HKMA\u2019s measures matched similar steps taken by the Securities and Futures Commission last month, which required brokers to tighten the requirements for mainland investors looking to open an account. The regulators\u2019 actions <a rel=\"nofollow noopener\" target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/sc.mp\/xbyur?utm_source=copy-link&amp;utm_campaign=3355150&amp;utm_medium=share_widget\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\">followed heavy fines imposed on three local brokers<\/a> by the China Securities Regulatory Commission for offering mainland investors access to overseas stocks without licences.<\/p>\n","protected":false},"excerpt":{"rendered":"French insurer AXA and London-headquartered Standard Chartered will both launch new offerings aimed at capturing high-net-worth clients this&hellip;\n","protected":false},"author":2,"featured_media":58133,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21387],"tags":[28314,28313,27777,1772,27775,1899,23956,28315,27778,20677,7587],"class_list":["post-58132","post","type-post","status-publish","format-standard","has-post-thumbnail","category-standard-chartered","tag-axa","tag-axa-global-private","tag-china-securities-regulatory-commission","tag-hong-kong","tag-hong-kong-monetary-authority","tag-insurance","tag-one-causeway-bay","tag-raymond-ang","tag-securities-and-futures-commission","tag-standard-chartered","tag-switzerland"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116711939360034416","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/58132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=58132"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/58132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/58133"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=58132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=58132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=58132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}