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Multiple HK Banks Offer Fee Waivers for Silver Bond Subscription; Response Expected to be Overwhelming
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HSBC said that eligible customers can submit their Silver Bond subscription applications through mobile banking, online banking, phone banking and branches, similar to last year. A series of fee waiver offers will continue to be provided and it is expected that the digital platform will continue to be a popular subscription channel for Silver Bond investors. Hang Seng Bank, on the other hand, will open up a full range of online and offline Silver Bond subscription channels and launch seven fee waiver offers. The Bank said Silver Bond is a relatively stable and low-risk investment option. Based on current economic data, the market generally expects the Federal Reserve to start cutting interest rates in September. This, coupled with that the current investment market is still relatively volatile, the 4% guaranteed interest rate offered by Silver Bond is attractive to elderly customers who are looking for stable income. The Bank believed that the subscription will continue to be well-received. Standard Chartered Hong Kong also offers a number of fee waivers for customers subscribing to the Silver Bond. The Bank said that it is an opportune time to lock in a higher yield through high-quality bonds. In view of the fact that the final issuance amount and subscription amount of the eight batches of Silver Bond in the past have heightened, it is expected that this type of relatively low-risk and stable return investment products will be in high demand. AAStocks Financial News |
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