Surging equities drive demand for online trading accounts
Hang Seng Bank saw a flood of new customers sign up for its fee-based online investment account last month, which it attributed to rising stock prices. The new customers are generally younger and well-educated.
A surging equity market has sharply pushed up new customers for Hang Seng’s online fee-based investment accounts, the Hong Kong bank said.
Customers flocking to iPower have pushed up the online service’s assets under management by nearly 40% since last year.
Hang Seng Bank said the total number of new iPower accounts opened rose by 67% in April against the first quarter’s average. The online fund platform was launched in 2013 and charges a fixed monthly fee for customers to mana…
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