HSBC launches retail discretionary investment service "Portfolio+"

On 15 October 2026, HSBC launched a discretionary investment portfolio management service called "Portfolio+". According to a report by the South China Morning Post Business section at 11am that morning, retail banking customers in Hong Kong can build investment portfolios through a mobile app, with an entry threshold of a lump-sum investment of HK$10,000, or regular monthly contributions of HK$1,000; the report said the move aims to attract younger, tech-savvy customers. In the early hours of 16 October, Ming Pao's Daily Economy published a follow-up report, adding that HSBC is the first retail bank to launch such a service, with investments made on clients' behalf by the bank's portfolio managers, so clients need not select individual investment products or handle day-to-day investment decisions. Ng Wing-yee, Head of Wealth Solutions and Digital Wealth at HSBC Hong Kong, said private banks had originally offered discretionary investment services, and technology is now being used to bring the service to retail customers. Current reports cover the service's launch, participation methods and thresholds, how investment on behalf of clients operates, and the target customer group.

Generated by AI from reporting · updated 4 days ago