, Hong Kong
283 views

DBS Hong Kong, China’s PSBC to offer services under Wealth Management Connect

PSBC is one of the largest state-owned banks in China.

DBS Bank (Hong Kong) and the Postal Savings Bank of China (PSBC) have teamed up to offer services under the Wealth Management Connect scheme.

Both banks plan to jointly provide investment products for individual investors in the Greater Bay Area (GBA), according to a spokesperson from PSBC, one of the largest state-owned banks in China, and the country’s leading retail bank. The bank targets Sannong customers (agriculture, rural areas, and farmers), urban and rural residents, and small and medium-sized enterprises.

The partnership is in accordance with guidance requirements for the scheme, as issued by the People’s Bank of China Guangzhou Branch, the Central Sub-Branch in Shenzhen and other regulatory bodies, the spokesperson added.

Sebastian Paredes, Chief Executive Officer of DBS Bank (Hong Kong), expressed the bank’s excitement to partner with PSBC to develop and offer wealth management services for GBA customers. 

“This strategic partnership creates mutually beneficial collaboration between PSBC and DBS Bank (Hong Kong). At the same time, it allows us to grow our GBA franchise, especially through PSBC’s extensive network in Guangdong.  We expect to combine DBS’ strong Asian connectivity and digital capabilities to provide customers with a more diversified and holistic range of investment choices to achieve their financial goals,” Paredes said.

Follow the link s for more news on

Pembekuan pendanaan menghantam penyedia layanan BNPL

Investor semakin sedikit mengalirkan dana ke penyedia layanan BNPL yang sudah menghadapi keuntungan margin yang tipis.

HSBC: Aliansi bank-fintech merupakan win-win

Pemberi pinjaman dapat belajar dari teknologi disruptif sambil membantu mereka mematuhi regulasi.

Tokenisasi aset perdagangan untuk menjembatani kesenjangan pembiayaan

Teknologi blockchain dapat mendesentralisasikan operasi keuangan dan mempermudah akses kredit.

BCA menjalankan komitmen terhadap keuangan berkelanjutan

Bank asal Indonesia ini mempertimbangkan aspek lingkungan dan tata kelola dalam keputusan pemberian pinjaman.

Mengapa UNOBank mendorong embedded finance tumbuh di Filipina

Bagi UNOBank, banking interface terpadu adalah strategi pertumbuhan sekaligus upaya inklusi keuangan.

OCBC mencoba mengurangi kesenjangan manfaat bagi agen properti di Singapura

Produk terbarunya menawarkan manfaat finansial di bidang perbankan, asuransi, dan perdagangan.

Upaya Malaysia menjadi anggota BRICS untuk mendorong perombakan sistem perbankan

Namun, tantangan muncul ketika menjauh dari ketergantungan pada AS dan SWIFT.

Platform pembayaran PingPong memperoleh lisensi PJP di Indonesia

PingPong mengincar ekspansi ke pasar ekspor senilai $320 miliar di negara tersebut.

Merger dan penutupan mengancam 3.800 bank di area pedesaan Cina

Sekitar 70 bank di area tersebut telah merger sejak 2023.