More rich people from mainland, Southeast Asia investing in Hong Kong: Citibank

More rich people from mainland, Southeast Asia investing in Hong Kong: Citibank

A growing number of affluent people from mainland China and Southeast Asia are looking to park their money in Hong Kong because it is a global centre for wealth management, according to Janus Wu, head of international personal banking (IPB) at Citibank (Hong Kong). Wu said in the first quarter, Citibank’s high-net-worth international personal banking clients surged 13 per cent from a year earlier while its assets under management rose 16 per cen…