80% of Families Have Increasing Needs for Managing Wealth Abroad
Enhanced Prestige Banking 'Family+ Account' for Convenient Arrangement of Children's Overseas Studies, Travels, and Local Wealth Management
HONG KONG, July 3, 2024 /PRNewswire/ -- Hang Seng Bank ('Hang Seng') has recently conducted a family financial planning survey to understand the financial needs of Hong Kong people. Interviewing nearly 400 residents aged 30 or above with liquid assets of HKD 1 million or more, the survey results show that each breadwinner manages finances for an average of three family members, primarily spouses/partners (55%), parents/in-laws (55%), and children (48%). Conducted against the backdrop of increasing demand for managing wealth abroad among Hong Kong residents, the survey also shows that over 80% of respondents or their family members have overseas spending needs, including expenses for children's overseas studies, family living costs abroad, short-term work/stays, and overseas investments.
Rannie Lee, Head of Wealth and Personal Banking at Hang Seng Bank, said, "Hong Kong residents have broader needs for banking services and wealth management. They need to plan not only their finances but also the financial needs of their family members. Last year, Hang Seng launched the first-of-its-kind Prestige Banking 'Family+ Account' in Hong Kong, which has been well received by customers as it facilitates the management of the entire family's asset allocation and everyday banking. With more Hong Kong families needing to manage various expenses and spending both domestically and overseas, we have enhanced the features of the Prestige Banking 'Family+ Account' this year. Customers can now open Prestige Banking and Family+ Accounts via the Hang Seng Mobile App, and we have upgraded overseas fund transfers, cash withdrawals, and spending to ensure convenient banking and wealth management services wherever they are, providing them easy access just as if they were in Hong Kong. "
1) Global Money+: Overseas Transfer
To cater to the increasing number of customers who need to use overseas transfer services for their family members' overseas studies, investments or spending after retirement, Hang Seng has launched Global Money+. This service allows customers to transfer funds in local currencies to over 50 countries or regions, including Australia, the UK, and the US, via the Hang Seng Mobile App with no handling fees. Funds can be credited as quickly as the same day.
2) Prestige Multi-Currency Debit Mastercard® Facilitates Local and Overseas Cash Withdrawals and Spending
Prestige Banking customers can open a Multi-Currency Debit Mastercard® and supplementary debit cards for their Prestige Banking Account and linked "Family + Accounts." Cardholders can use these cards for spending in 12 designated currencies, both in Hong Kong and overseas. They can also withdraw cash from ATMs globally and directly debit from the connected Prestige Banking "Family + Account." Additionally, customers can set monthly spending limits for each Debit Mastercard®.
Customers can independently open Multi-Currency Debit Mastercard® for each family member to meet everyday needs, such as children studying abroad, family overseas stays, travel, or local consumption. Prestige Banking customers can check individual monthly statements and manage the actual consumption status of each family member through the Hang Seng Mobile App.
Helena Chen, Managing Director, Hong Kong and Macau, Mastercard, said, "Mastercard is pleased to join hands with Hang Seng Bank to launch the brand-new Hang Seng Prestige Multi-Currency Debit Mastercard®, which provides cardholders with a seamless spending experience. Prestige Multi-Currency Debit Mastercard® allows flexible currency exchange, and the Mastercard Touch Card TM design also facilitates easy usage for visually impaired people, reinforcing Hang Seng and Mastercard's long-term commitment to innovation and promoting social inclusion."
To promote the upgraded features of the Prestige Banking 'Family+ Account', Hang Seng has once again featured award-winning actress Sandra Ng and her family in a new TV commercial. Sandra Ng will continue to serve as the Chief Family Officer ('CFO') of her family. Along with her partner, film director Peter Chan, her daughter Jillian Chan and her friend Vincent Kok, they will share their experiences using the Prestige Multi-currency Debit Mastercard® and the Global Money+ overseas transfer service. The video is now available on major media outlets and the Hang Seng official YouTube channel (https://www.youtube.com/watch?v=cgLyQ-G8_oE). Additionally, from now until September 30, customers who open Prestige Banking and add a 'Family+ Account' and use Global Money+ can enjoy bonus offers. For details, please visit hangseng.com/pse/offer.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Hang Seng Survey: Breadwinner of a Hong Kong Family Manages Finances for an Average of 3 Family Members
Presenting an Authentic and Immersive Macau Experience to Visitors Under One Roof
KUALA LUMPUR, Malaysia, July 5, 2024 /PRNewswire/ -- Galaxy Macauâ„¢, The World Class Integrated Resort ("Galaxy Macau"), has been actively supporting and participating in Macau SAR Government's promotional activities, and continuously working with the government and industry partners to expand international visitor sources. The "Experience Macao Malaysia Roadshow", organised by the Macao Government Tourism Office, was officially launched on 5 July 2024 in Kuala Lumpur at Sunway Pyramid Shopping Mall. The four-day event (5 to 8 July) aims to showcase the diverse tourism products in Macau to international tourists, attracting travellers to choose Macau as a travel destination. Galaxy Macau is also shining with its exciting tourism products by presenting its unparalleled luxury offerings and its one-stop luxury resort experience as Asia's leading destination for leisure, entertainment, dining, events and conferences.
Galaxy Macau proudly supports and aligns with the Macao SAR government's efforts to extend Macau's reach into the Southeast Asian market. The world-class integrated resort's iconic booth at the Malaysia Roadshow, showcasing the grand landscape of the integrated resort. Visitors to the booth can not only enjoy the interaction and photo moment with the adorable GalaxyKidz mascot "Wavey" the Peacock at the photobooth, but also experience the unique charm of Macao's "tourism+" offerings, reflecting Galaxy Macau's commitment to promoting Macau as a World Centre of Tourism and Leisure.
There are also daily lucky draws during the roadshow where visitors can stand a chance to win prizes sponsored by Galaxy Macau.
Starting from MYR271++ per night, Galaxy Macau is offering roadshow-exclusive offers for stays between 12 July to 30 November 2024 from a selection of world class hotels – Andaz Macau, Broadway Hotel, Galaxy Hotel™, Hotel Okura Macau or Banyan Tree Macau. Booking period opens from 5 to 19 July 2024. Applicable to all five hotels, the offer includes free access to the Grand Resort Deck and free minibar, immersing guests in a comprehensive one-stop integrated resort experience.
A Macao Travel Trade Seminar & Minimart was also conducted at the Sunway Resort Hotel Ballroom on 4 July 2024 in conjunction with the "Experience Macao" Malaysia Roadshow, where guests were presented with the latest hotel information on Andaz Macau, Broadway Hotel, Galaxy Hotelâ„¢, Hotel Okura Macau, Banyan Tree Macau, and Galaxy International Convention Centre (GICC).
Remaining the top integrated resort globally with the most Forbes five-star hotel honors under one roof – Galaxy Macau spans over 1.1 million square-meters and is renowned for its unparalleled mix of entertainment and leisure attractions that are unmatched in Macau. With 8 award-winning world-class luxury hotels to choose from, guests are spoilt for choice. Water sports enthusiasts can make a splash at the 75,000-square-meter Grand Resort Deck – the world's leading skytop oasis. Foodies meanwhile can indulge in a selection of over 120 dining options, ranging from Michelin-starred establishments to local street food legends; a delectable selection that has earned Galaxy Macau the distinction of being Asia's premier dining destination. For an authentic Asian street food adventure, guests can cross the link bridge to explore vibrant local and Asian cuisines at Broadway Food Street. Fashionistas will adore Galaxy Promenade, an award-winning shopping destination spread over 100,000 square-meters. Luxury flagship stores, designer boutiques and high-street labels contribute to over 200 world-renowned luxury fashion and lifestyle brands. For live performances and events, the 2,500-seat Broadway Theatre plays host to a diverse range of live shows, events and cultural activities from around the world with up-close and personal experiences. Galaxy Macau opened two world-class hotels – Raffles at Galaxy Macau and Andaz Macau, with GICC as its latest addition to the Group's ever-expanding integrated resort precinct, ushering a new era for the MICE industry in Macau. GICC is a world-class event venue featuring 40,000 square-meters of total flexible MICE, and a 16,000-seat Galaxy Arena – the largest indoor arena in Macau. In April 2024, Galaxy Macau also announced the launch of Capella at Galaxy Macau, further solidifying the destination's undisputed reputation as Macau's Ultimate Luxury Integrated Resort.
Galaxy Macau has always adhered to its "World Class, Asian Heart" service philosophy to offer exceptional experiences for guests from all around the world. As the city gears up for a continuing wave of international tourism, Galaxy Macau looks forward to welcoming visitors with award-winning accommodations, unforgettable leisure experiences, and unparalleled shopping, dining and entertainment all under one roof. In the future, Galaxy Macau will continue to launch more world-class events to enhance Macau's positioning as a World Centre of Tourism and Leisure.
More high-res images of the Experience Macao Malaysia Roadshow can be found in the virtual media kit.
About Galaxy Macau Integrated Resort
Galaxy Macauâ„¢, The World-class Luxury Integrated Resort delivers the "Most Spectacular Entertainment and Leisure Destination in the World". Developed at an investment of HK$43 billion, the property covers 1.1 million-square-meter of unique entertainment and leisure attractions that are unlike anything else in Macau. Eight award-winning world-class luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotelâ„¢, Hotel Okura Macau, JW Marriott Hotel Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau, Andaz Macau. Unique to Galaxy Macau, the 75,000-square-meters Grand Resort Deck features the world's longest Skytop Adventure Rapids at 575-meters, the largest Skytop Wave Pool with waves up to 1.5-meters high and 150-meters pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz- Carlton Spa, Macau help guests relax and rejuvenate.
As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies; Galaxy Promenade is the hottest shopping destination featuring the latest in fashion and curated experiences in Macau. Spanning over 100,000-square-meters, luxury flagship stores, lifestyle boutiques and our selection of labels are among the more than 200 world-renowned brands for a world-class shopping journey; Galaxy Cinemas, immersive thrills and luxurious comfort go hand in hand at Galaxy Cinemas. All 10 theaters are equipped with the latest audio-visual technology; CHINA ROUGE, one-of-a-kind deluxe lounge that evokes the glitz and glamor of Shanghai's golden era with entertainment in luxury and style; and Foot Hub presents the traditional art of reflexology to make you feel more relaxed and revitalized. For Authentic Macau Flavours & Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 Authentic Macau & Asian Flavours at its Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events. Meeting, incentive and banquet groups are also well looked after with a portfolio of unique venues in Galaxy Macau and a professional service staff.
Galaxy International Convention Center (GICC) is the latest addition to the Group's ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world- class event venue featuring 40,000-square-meter of total flexible MICE, and a 16,000-seat Galaxy Arena – the largest indoor arena in Macau.
For more details, please visit www.galaxymacau.com, www.broadwaymacau.com.mo and www.galaxyicc.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Galaxy Macau, The World Class Integrated Resort, Brings the "Experience Macao Malaysia Roadshow" to Kuala Lumpur
Galaxy Macau, The World Class Integrated Resort, Brings the "Experience Macao Malaysia Roadshow" to Kuala Lumpur
Galaxy Macau, The World Class Integrated Resort, Brings the "Experience Macao Malaysia Roadshow" to Kuala Lumpur
