HK property millionaires fuel 49-year-old brokerage


Booming market: A file picture showing apartment buildings and low-rise units standing in high-end Discovery Bay. Centaline Property’s Centa-City Leading Index of existing home prices hit a record this month and has risen about 10 this year. — Bloomberg

 HONG KONG: One of Hong Kong’s oldest brokerages is boosting its wealth management operations in the city, where millionaires are being minted by a property boom.

Everbright Sun Hung Kai Co, a unit of China’s Everbright Securities Co, plans to add 100 relationship managers specialising in clients with at least HK$8mil (US$1mil) of investable assets, said deputy chief executive officer Kevin Tai.

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Business , Hong Kong , wealth , property

   

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