Hang Seng Survey: Breadwinner of a Hong Kong Family Manages Finances for an Average of 3 Family Members [Yahoo! Finance]
HANG SENG BANK LTD S/ADR (HSNGY)
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Source: Yahoo! Finance
HONG KONG July 3, 2024 /PRNewswire/ -- Hang Seng Bank ('Hang Seng') has recently conducted a family financial planning survey to understand the financial needs of Hong Kong people. Interviewing nearly 400 residents aged 30 or above with liquid assets of HKD 1 million or more, the survey results show that each breadwinner manages finances for an average of three family members, primarily spouses/partners (55%), parents/in-laws (55%), and children (48%). Conducted against the backdrop of increasing demand for managing wealth abroad among Hong Kong residents, the survey also shows that over 80% of respondents or their family members have overseas spending needs, including expenses for children's overseas studies, family living costs abroad, short-term work/stays, and overseas investments. Rannie Lee , Head of Wealth and Personal Banking at Hang Seng Bank , said, " Hong Kong residents have broader needs for banking services and wealth management. They need to plan not only their financ
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