Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
03968 CM BANK
RTNominal unchange30.950 0.000 (0.000%)
Others

29/06/2020 14:49

{I-bank focus}"WM Connect" launch good for banks & HKEX

[ET Net News Agency, 29 June 2020] Morgan Stanley cited local press reporting that the
potential launch of "Wealth Management Connect" in the Greater Bay Area (GBA) this week.
The initial quota could be RMB150bn per side.
The research house said WM remains one of the most attractive businesses in finance. In
Asia, Morgan believes the WM industry is still in the growth phase and expects it will
generate some of the fastest AUM (assets under management) growth globally. This could be
one of the faster areas of growth for Asian banks.
Morgan also expects this new GBA initiative to bring additional revenue sources to HK
banks, given the large liquidity pool in the mainland.
Meanwhile, as equity-linked products are key WM products distributed by HK banks, Morgan
believes this will further channel China's liquidity to HKEX (00388)(Overweight; TP:
HK$345). In addition, these products in HK could be a supplement to the ample fixed income
products in GBA.
It believes the launch of a GBA financial connection frame has been the key turning
point to convert HKEX from a conduit of capital flow to China to the marketplace for
transactions that involve both China and global liquidity. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.