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With green shoots emerging in exports, we expect trade to stabilise across ASEAN next year. [19 Dec] Page 1 of 3. 1. With HSBC Hong Kong Wealth Insights, you can discover and read our latest and regular research publications with exclusive analysis related to investment and wealth needs.
HSBC HK. Accounts. Savings Accounts. Children Savings Account. The bank account for independent teens. Looking to open your first bank account? It is never too early to start – take your first steps towards financial independence by banking with us. To apply, you will need to be under the age of 18. No fees or minimum balance needed.
Set aside money for retirement. Set short-term and long-term financial goals (a short term goal could be paying your bills on time or cutting down your expenses). Review your finances regularly (on a weekly or bi-weekly basis). Read financial education materials to help you on your journey. Patience and persistence are key.
Basically, you subtract your age from 100 (they assume a person's lifespan to be 100 years) to determine your asset allocation split. So if you're 23 years old; your asset allocation would be 100-23 = 77, which would produce a portfolio that is 77% made up of stocks/funds and 23% bonds.
5 steps to grow your savings. Saving money is a great habit you should start as young as possible. The longer you put your money away, the more time it has to grow. As you start your career and start drawing a salary, you're in a great position to seriously create a budget plan and save money for the goals you have in sight.
With average lifespans increasing, you'd likely be looking at a longer retirement period as well - this is why it's so important to kick-start your retirement planning as soon as possible. The HSBC FinFit survey estimates that an average person will need HKD4.7 million to retire comfortably in Hong Kong. Throw in other aspirations you want to ...
Managing Director. Head of Customer Propositions and Marketing, Wealth and Personal Banking Hong Kong, HSBC. the push into digital services to meet the changing needs of YMs. HSBC’s commitment to be the future-fit bank for customers underscores the extra steps the bank is taking to democratise access to the right tools at the right time for YMs.
