Hang Seng's Family-oriented Wealth Planning Tool "Wealth Master for Family"
Offers Tailored Financial Solutions for Families through
Prestige Banking Family+ Account
HONG KONG, Feb. 10, 2025 -- Hang Seng Bank ('Hang Seng') recently interviewed over 500 Hong Kong residents aged 30 to 55 with liquid assets of HKD 1 million or more in a survey on family wealth management practices. The survey revealed that young affluent families set a savings goal of HKD 18 million to achieve various life objectives. However, many of the respondents lack a comprehensive financial plan. Although one-third of them indicating they have established financial strategies tailored to their family's needs, more than 50% expressed a lack of confidence in their ability to effectively execute these strategies. Notably, among respondents without a cohesive financial plan, 71% were young affluent families with children aged 12 or younger.
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