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NYSE CONTENT ADVISORY: PRE-MARKET UPDATE FOR FEBRUARY 10th

NEW YORK, Feb. 10, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) is proud to offer a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

 

NYSE CONTENT ADVISORY: PRE-MARKET UPDATE FOR FEBRUARY 10th

Trinity Chavez delivers the pre-market update on February 10th

  • Inflation data takes center stage
  • Markets anticipate consumer price and retail sales data
  • Coca-Cola, Shopify, and CVS set to report earnings

Watch NYSE TV Live every weekday 9:00-10:00am ET 

Video – https://mma.prnasia.com/media2/2616557/NYSE_Feb_10_2025_Market_Update.mp4

 

MDP+, Strengthens Presence in the U.S. Market with Successful Beauty Expo in Miami

  • Top products, including the Red Lacto Collagen Wrapping Mask, showcased under the export-exclusive brand “MDP+”
  • Embarked on a full-scale push into the North American market with the next-generation Young Cica line at the forefront

SEOUL, South Korea, Feb. 10, 2025 /PRNewswire/ — MDP+, a global dermocosmetic brand, further strengthened its foothold in the U.S. market with a successful showcase at the 2025 COSMOPROF North America MIAMI, the largest beauty expo in North America. Held from Jan 21 (Tue) to 23 (Thu) at the Miami Beach Convention Center, the global B2B event brought together beauty companies eager to expand into the North American and Latin American markets. Among them, MDP+ distinguished itself with its innovative skincare products and advanced technology, captivating buyers worldwide.

Flagship products were presented under “MDP+,” MEDIPEEL’s export-exclusive brand, with a focus on expanding into the American market, forging new business partnerships, and increasing global brand visibility. Global bestsellers such as “Red Lacto Collagen Wrapping Mask,” “Melanon X Cream,” and “Peptide 9 Bio Sun Stick Pro” attracted notable interest, leading to multiple B2B consultations and new collaborations.

Unveiled for the first time at the event, the “Young Cica” line—a next-generation skincare collection powered by MDP+’s latest technology—drew significant attention from buyers. “Developed to address the specific needs of North American consumers, the Young Cica line is set to be a key driver in our expansion into the North American market,” explained a representative from MDP+.

MDP+ has been solidifying K-beauty’s standing in the North American market, following record-breaking beauty category sales on the U.S. TikTok Shop last year. The innovative “Red Lacto Collagen Wrapping Mask” has been a consistent favorite, offering deep hydration and nourishment with its low-molecular-weight collagen, small enough to penetrate pores, for a smooth, supple finish. “Melanon X Cream” provides both brightening and skin barrier support, helping to improve dull complexion and promote lasting skin health, earning high satisfaction from consumers worldwide.

“This year’s COSMOPROF North America MIAMI marked a significant milestone in our leap into the global market. Backed by innovative technology and standout products, we are committed to establishing ourselves as a globally beloved brand,” the representative added.

COSMOPROF North America MIAMI, a major B2B platform, offers essential networking opportunities for companies targeting the North American and Latin American markets. MDP+’s participation concluded successfully, reinforcing its status as a global brand and securing fresh business opportunities.

MEDIPEEL is the flagship brand of SKINIDEA, which is under MDP Holdings (CEO Michael Chung), a portfolio company of Morgan Stanley PE Asia (MSPEA). SKINIDEA is recognized for its innovative products integrating premium ingredients and patented dermatological technology. Exporting to over 75 countries worldwide, SKINIDEA develops high-performance skincare solutions through comprehensive research and clinical trials, ensuring both instant and long-lasting improvements tailored to various skin types.

Beatbot Announces Official Partnership with the U.S. SailGP Team on the Launch Day of the AquaSense 2 Series

Global Leader in Robotic Pool Cleaning Pushes the Boundaries of Performance and Technology with New Collaboration and Product Offerings

RICHMOND, Texas, Feb. 10, 2025 /PRNewswire/ — Beatbot, the brand behind the world’s most innovative robotic pool cleaners, announced today its official partnership with the U.S. SailGP team. This unique collaboration unites two innovators committed to aquatic excellence, advancing cutting-edge technology and raising the bar for best-in-class competition. Beatbot also launched the official sale of its latest line of innovative pool cleaning robots, the AquaSense 2 Series. 

Beatbot Announces Official Partnership with the U.S. SailGP Team on the Launch Day of the AquaSense 2 Series
Beatbot Announces Official Partnership with the U.S. SailGP Team on the Launch Day of the AquaSense 2 Series

A Shared Vision of Innovation and Excellence

SailGP is a global sailing league showcasing races in the world’s most renowned cities. The partnership between Beatbot and the U.S. SailGP team is underscored by a shared commitment to pushing boundaries and delivering excellence. Both teams amplify innovation in their respective fields and together champion advanced technology and peak performance.

“We constantly encourage our athletes and team members to be innovative and think outside the box, which is why our team is proud to partner with Beatbot, a brand that embodies this same mindset,” said Kyle Whittingham, Vice President of Marketing and Content at U.S. SailGP. “One of the reasons we’re so thrilled about this partnership is how perfectly Beatbot aligns with our values and our commitment to excellence, always striving for something greater, and our shared passion for sustainability. Beatbot is pioneering products that coincide with our ethos breaking barriers and finding ways to connect and deliver remarkable experiences for users and fans alike.” 

“At Beatbot, we strive for the unbeatable by constantly pushing the boundaries of innovation and performance,” said York Guo, CMO of Beatbot. “Partnering with the U.S. SailGP Team embodies our relentless pursuit of excellence and our commitment to redefining standards while being mindful of our environmental impact. The AquaSense 2 Series is a testament to our dedication to delivering groundbreaking technology that enhances both functionality and user experience.”

Beatbot’s AquaSense 2 Series Leads Pool Cleaning Innovation

The AquaSense 2 Series lineup introduces three exceptional models: the AquaSense 2, AquaSense 2 Pro, and AquaSense 2 Ultra. Designed to revolutionize pool cleaning, the AquaSense 2 Series has undergone extensive testing and boasts the industry’s top-performing achievements, including a comprehensive 3-year warranty, providing peace of mind with long-term reliability. Each model is engineered to ensure exceptional durability and performance, backed by Beatbot’s commitment to quality and customer satisfaction.

The AquaSense 2 Series introduces the most pivotal milestones in the pool cleaning industry, including: 

  • Intelligent navigation, powered by AI, optimizes cleaning paths for full coverage, reducing missed spots in a cleaning process. 
  • Simplified user experience, from app connectivity in the Pro and Ultra to surface packing and SmartDrain™ water-release technology.
  • Heightened suction and traction power, capable of handling diverse pool textures and layouts without missing debris in hard-to-reach areas. 
  • Over 200 rounds of rigorous evaluation, including enhanced packaging tests, drop tests, and stress tests for more than 5,000 durability cycles. 

The line’s most innovative model, AquaSense 2 Ultra, features HybridSense™ Pool Mapping with AI Camera, which elevates exceptional pool cleaning through precise mapping and optimal cleaning in pools of various shapes and configurations. Featuring industry-first 5-in-1 cleaning capabilities, the robot also delivers comprehensive cleaning by covering all areas—floor, walls, waterline, water surface and even purifies water itself. Proven durable through extensive functionality testing in differently configured pools, it guarantees exceptional performance and long-lasting reliability. 

Open Sales Details

Customers can purchase The AquaSense 2 Ultra (MSRP: $3,450), The AquaSense 2 Pro (MSRP: $2,499), and the AquaSense 2 (MSRP: $1,499) on February 10, 2025. Early buyers can receive up to 30% OFF for a limited time. Experience the luxurious power behind Beatbot’s innovative line of pool-cleaning robots on Beatbot’s official website and Amazon store.  

About Beatbot

Beatbot is a technology brand redefining smart pool care and is dedicated to the global robotization of swimming pool environments. Founded by industry experts with over 10 years of experience in leading home robotics companies, the company is growing rapidly, with offices in multiple countries and a strong R&D team, taking up 70% of the workforce. Pioneering core technologies like brushless water pumps, AUV spatial locomotion, sonar laser SLAM, and space mapping navigation algorithms, Beatbot has secured numerous patents and pioneered industry-first innovations. The company currently holds over 216 patents (granted and under application), including 124 patents for inventions.

Beatbot Announces Official Partnership with the U.S. SailGP Team
Beatbot Announces Official Partnership with the U.S. SailGP Team

SunCar Technology Group Integrates DeepSeek AI, Revolutionizing Automotive Service Intelligence

NEW YORK, Feb. 10, 2025 /PRNewswire/ — SunCar Technology Group Inc. (“SunCar” or the “Company”) (Nasdaq: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today announced the full integration of DeepSeek artificial intelligence technology into its proprietary cloud-based service platform and car insurance SaaS solutions. This strategic implementation marks a significant advancement in the Company’s AI-driven strategy and initiatives revolutionizing the automotive service industry through enhanced intelligence and efficiency.

The integration of DeepSeek’s AI capabilities transforms traditional automotive services by introducing powerful intelligent analytics and personalized solutions. In the car insurance sector, DeepSeek’s algorithms help SunCar analyze SunCar’s vast amounts of vehicle and insurance data to provide precise risk profiling and tailored insurance recommendations to SunCar’s end customers, significantly improving the efficiency and accuracy of insurance package matching.

“This integration represents a transformative step in our commitment to technological innovation and service excellence,” stated Ye Zaichang, Chairman and CEO of SunCar. “By leveraging DeepSeek’s powerful general intelligence and reasoning capabilities, we are not just improving our services – we are reimagining the entire automotive service experience while significantly reducing operational costs for us, our enterprise clients, and our end customers.”

The implementation of DeepSeek across SunCar’s platforms delivers several key advantages:

  • Enhanced insurance recommendation precision through advanced risk profiling and customer need analysis
  • Improved scheduling efficiency of automotive services with real-time monitoring and maintenance alerts
  • Sophisticated user behavior analysis enabling highly personalized service delivery
  • Cost-effective AI implementation through its proprietary cloud-based service platform
  • Robust data security measures ensuring enterprise-grade protection

“Looking ahead, we plan to continue to expand our AI initiatives, with a particular focus on the electric vehicle market, which is the fastest growing segment for auto-sales in China. We expect to facilitate car owners’ transition from traditional to electric vehicles, including generating AI-driven incremental revenue through targeted promotions and customized insurance and auto-service solutions. We expect this will further SunCar’s position as a valuable partner for electric vehicle manufacturers, and strengthen its role in the industry’s digital transformation,” concluded Mr. Ye.

About SunCar Technology Group Inc.

Founded in 2007, SunCar is transforming the customer journey for auto services and auto insurance in China, the largest passenger vehicle market in the world. SunCar develops and operates cloud-based platforms that seamlessly connect drivers with a wide range of auto services and insurance coverage options through a nationwide network of sales partners. As a result, SunCar has established itself as the leader in China in the B2B auto services market and the auto eInsurance market for electric vehicles. The Company’s intelligent cloud platform empowers its enterprise clients to access and manage their customer database and offerings optimally, and drivers gain access to hundreds of services from tens of thousands of independent providers in a single application. For more information, please visit: https://suncartech.com.

Forward-Looking Statements

This press release contains information about the Company’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company encourages you to review other factors that may affect its future results in the Company’s annual reports and in its other filings with the Securities and Exchange Commission.

Contact Information:

SunCar:
Investor Relations: Ms. Hui Jiang
Email: IR@suncartech.com
Legal: Ms. Li Chen
Email: chenli@suncartech.com

U.S. Investor Relations
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

Gorilla Technology Closes ATM Programme, Reinforcing Commitment to Shareholder Value


London, United Kingdom – Newsfile Corp. – February 10, 2025 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”) today announces the formal closure of its At-The-Market (ATM) programme, reaffirming its unwavering commitment to protecting shareholder value and ensuring no further dilution.

Following its bold share buyback initiative, Gorilla continues to prioritise shareholder interests by eliminating any potential market concerns about stock dilution. This strategic move underscores the company’s confidence in its financial strength, revenue visibility and long-term growth trajectory.

Jay Chandan, Chairman & CEO of Gorilla Technology, stated: “We made a commitment to our shareholders that we would not dilute and we are standing by that promise. By closing our ATM programme, we are ensuring that shareholder value remains protected while reinforcing our position as a disciplined and strategic company. Our focus remains on strong execution, revenue expansion and delivering long-term value to our investors.”

About Gorilla Technology Group Inc.

Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.

Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.

For more information, please visit our website: Gorilla-Technology.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Gorilla’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about our ability to execute definitive agreements related to this smart education project, attract the attention of customers and win additional projects, along with those other risks described under the heading “Risk Factors” in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the “SEC”) on May 15, 2024 and those that are included in any of Gorilla’s future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

Investor Relations Contact:
Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com

The issuer is solely responsible for the content of this announcement.

Metalpha Announces Joint Venture with Abu Dhabi based Gewan Holding and subsidiary of Standard Chartered Zodia Markets to Expand into the Middle East Digital Asset Market

HONG KONG, Feb. 10, 2025 /PRNewswire/ — Metalpha Technology Holding Limited (Nasdaq: MATH) is pleased to announce that its wholly owned subsidiary, Metalpha Limited, has partnered with Gewan Holding and Zodia Markets to establish ZMG7 LLC, a joint venture aimed at driving the growth of the digital asset market in the Middle East. This milestone partnership marks a significant step in the company’s global expansion strategy and strengthens the UAE’s position as a key hub for digital asset management.

Abu Dhabi-based Gewan Holding, renowned for its diverse portfolio of strategic investments across various industry sectors, has long been a driver of innovation in the UAE capital’s financial sector, and beyond.

Zodia Markets is a subsidiary of Standard Chartered, a UK bank with a presence largely in emerging markets, such as Asia, Africa and the Middle East. Standard Chartered launched Zodia Markets in 2021 alongside OSL, in a move that highlighted the Bank’s desire to be leaders in the development of global digital-asset infrastructure.

Adrian Wang, CEO of Metalpha Technology Holding Limited, commented: “I’m very excited for our partnership and shared vision of advancing digital assets in the Middle East. Aiming to play a pivotal role to drive mass adoption of digital assets in the region, we look forward to expanding our presence in this dynamic market.”

The formation of ZMG7 LLC comes at a time when the UAE is actively embracing fintech innovation and digital asset regulatory frameworks. As part of this joint venture, Metalpha will leverage its expertise in derivatives innovation, market structure optimization, and risk management to support ZMG7 LLC in building a fully compliant and globally competitive digital asset trading and wealth management platform.

About Metalpha Technology Holding Limited

Founded in 2015, Metalpha Technology Holding Limited (Nasdaq: MATH) went public on October 20, 2017. The listed Company, through its subsidiaries, is dedicated to providing investing and wealth management services with a full-service, institutional-grade platform. With dedicated blockchain expertise, the Company aims to become a leader in the field of crypto wealth management services, bringing robust innovation and transparency to the customers and businesses it serves.

Forward-Looking Statements

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties that may cause Metalpha’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.

Taoping Announces Major Cooperation with the Mengla County of Yunan Province; Expected Project Value of US$82.5 Million by 2027

SHENZHEN, China, Feb. 10, 2025 /PRNewswire/ — Taoping Inc. (Nasdaq: TAOP, the “Company”), a provider of innovative smart cloud platform services and solutions, today revealed that it has entered into a non-binding strategic cooperation framework agreement with the Government of Mengla County, Yunnan Province. The agreement outlines plans for extensive collaboration in the modern agricultural industry, with the objective of boosting regional economic growth.

According to the agreement, the project aims to invest in developing an agricultural planting base in Mengla County, Xishuangbanna Prefecture, Yunnan Province. Over the next three years, the partners plan to expand the base to 3,500 acres, with a total investment of RMB 200 million (US$27.5 million). By 2027, the project is expected to generate an annual output value of RMB 600 million (US$82.5 million).

The cooperation aims to combine the strengths of each party to establish a model for the growth of the modern agricultural sector. To meet its ambitious goals, the project will incorporate advanced technologies from the Company, such as the Internet of Things, big data, and artificial intelligence, to enhance production and operational efficiency. The Company was chosen for this significant partnership due to its strong brand and reliable platform capabilities, which can boost the Mengla County region’s competitiveness and brand value. The Government of Mengla County will offer substantial support in areas like land transfers, advanced technology, and resource allocation. They will also assist businesses in fostering partnerships with neighboring countries and help them scale operations through land transfer and efficient management.

Mr. Jianghuai Lin, Chairman and CEO of the Company, said: “Mengla County boasts exceptional natural resources and an advantageous location, making it ideal for the development, implementation, and long-term operation of a modern agricultural system. We are excited to combine resources from all involved parties to create a comprehensive modern agricultural industrial system. This will include advanced agricultural planting, the efficient application of agricultural technologies, the incubation of high-tech enterprises, and agricultural ecological tourism.”

“This agreement is one of the largest in the Company’s history, highlighting the strength of our technology, the value of our experience, and the long-term potential of the opportunities ahead. We are committed to making this project a model for the modern agricultural industry and are eager to contribute to the successful promotion of agricultural modernization and rural revitalization in Mengla County.”

About Mengla County, Yunnan Province

Mengla County is located in the southeastern part of Yunnan Province, China, bordering Laos to the south. It is part of the Xishuangbanna Dai Autonomous Prefecture and is known for its tropical rainforest, rich biodiversity, and ethnic diversity, with significant Dai, Hani, and Yi populations. The county is home to parts of the Xishuangbanna National Nature Reserve, which protects endangered species like Asian elephants and gibbons. Mengla serves as an important trade hub between China and Laos, with the Mohan border crossing being a key point for cross-border commerce. The region’s economy is driven by tourism, agriculture (notably tea and rubber plantations), and trade.

About Taoping Inc.

Taoping Inc. (Nasdaq: TAOP) has a long history of successfully leveraging technology in the development of innovative solutions to help customers in both the private and public sectors to more effectively communicate and market to their desired targets. The Company has built a far-reaching city partner ecosystem and comprehensive portfolio of high-value, high-traffic areas for its products, which are aligned together with Taoping’s smart cloud platform, cloud services and solutions, new media and artificial intelligence. For more information about Taoping, please visit http://en.taop.com.  You can also follow us on X.

Safe Harbor Statement

This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, such as statements regarding our estimated future results of operations and financial position, our strategy and plans, and our objectives or goals, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: our potential inability to achieve or sustain profitability or reasonably predict our future results, the effects of the global Covid-19 pandemic or other health crisis, the emergence of additional competing technologies, changes in domestic and foreign laws, regulations and taxes, uncertainties related to China’s legal system and economic, political and social events in China, the volatility of the securities markets; and other risks including, but not limited to, those that we discussed or referred to in the Company’s disclosure documents filed with the U.S. Securities and Exchange Commission (the “SEC”) available on the SEC’s website at www.sec.gov, including the Company’s most recent Annual Report on Form 20-F as well as in our other reports filed or furnished from time to time with the SEC. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

Survey: HK’s Young Affluent Families Aim for HKD18 Million Savings, But Lack Plans

Hang Seng’s Family-oriented Wealth Planning Tool “Wealth Master for Family”

Offers Tailored Financial Solutions for Families through
Prestige Banking Family+ Account

HONG KONG, Feb. 10, 2025 /PRNewswire/ — Hang Seng Bank (‘Hang Seng’) recently interviewed over 500 Hong Kong residents aged 30 to 55 with liquid assets of HKD 1 million or more in a survey on family wealth management practices. The survey revealed that young affluent families set a savings goal of HKD 18 million to achieve various life objectives. However, many of the respondents lack a comprehensive financial plan. Although one-third of them indicating they have established financial strategies tailored to their family’s needs, more than 50% expressed a lack of confidence in their ability to effectively execute these strategies. Notably, among respondents without a cohesive financial plan, 71% were young affluent families with children aged 12 or younger.

Hang Seng Bank is committed to innovating family wealth management solutions and has launched the enhanced ‘Wealth Master for Family’ for comprehensive family wealth goal analysis, allowing the Bank to tailor wealth planning for customers.
Hang Seng Bank is committed to innovating family wealth management solutions and has launched the enhanced ‘Wealth Master for Family’ for comprehensive family wealth goal analysis, allowing the Bank to tailor wealth planning for customers.

The survey revealed that respondents’ wealth management goals encompassed a wide range of areas, including retirement preparation, securing children’s futures, covering parents’ daily expenses, medical insurance, and family legacy planning. Moreover, 92% of respondents said personalised wealth management and planning services will help them achieve their unique financial goals.

Rannie Lee, Head of Wealth and Personal Banking at Hang Seng Bank, said: “We recognise that affluent families today face complex financial needs, going beyond simple savings. Hang Seng is committed to providing innovative family wealth management solutions. We have launched the enhanced ‘Wealth Master for Family’, which supports customers with comprehensive family wealth goal analysis and asset allocation. We also offer diversified categories of investment products ranking first among local retail banks, well-curated insurance solutions and our unique Prestige Banking ‘Family+ Account’, to meet the evolving needs of customers at every stage of life and help them achieve their distinct family wealth goals.”

1)   ‘Wealth Master for Family’: Family Wealth Goal Analysis and Financial Planning

In order to meet the increasingly complex needs of customers regarding family wealth management, Hang Seng has launched the enhanced ‘Wealth Master for Family’ tool which supports comprehensive family wealth planning by understanding customers’ needs for key life stages (wealth management, protection, children’s education, retirement, and legacy planning). Through analysis on the asset allocation and past performance of the Current Portfolio vs the Reference Portfolio with 8 Historical Scenario comparison, customers can formulate their personalised family asset allocation strategies with the support from the Bank’s team of financial experts.  

2)  Investment: No.1 Investment Product Categories Available for Selection Across Local Retail Banks 

Hang Seng offers choices featuring 23 investment categories across 10 currencies, ranking first among local retail banks. This covers the largest selection of index funds, trading in Hong Kong and US stocks, A-shares, fixed income products, structured products, and a full suite of gold-related products, including paper gold and physical gold. These diverse offerings allow customer flexibility in their asset allocations, enabling them to build a portfolio that best aligns with their family needs.

3)  Protection and Legacy Planning: New ‘FamilyPower’ Multi-Currency Life Insurance Plan

Hang Seng also launched the new ‘FamilyPower Multi-Currency Life Insurance Plan’, offering 8 policy currencies and 3 payment terms, with the currency switch option, allowing families to adapt to evolving financial needs. Additionally, the policy split and regular withdrawal options enable families to create cash flows for individual goals. With enhanced protection, ‘FamilyPower Multi-Currency Life Insurance Plan’ also covers severe dementia, Accidental Death Benefit, and the Mental Incapacity Benefit that was introduced in 2021, to safeguard families with all-round protection.

Hang Seng has once again partnered with award-winning actress Sandra Ng, who reprises her role as the legendary Chief Family Officer (‘CFO’) in the publicity campaign. Sandra is joined by ‘Young CFO’ Carlos Chan, Shiga Lin, and ‘Mature CFO’ Johnny Hui, who represent families at different life stages. Together, they showcase how Hang Seng’s family wealth management approach with its innovative products and services helps support every CFO in building secure financial futures for their families and achieve their life goals. The video is now available on major media outlets and the Hang Seng official YouTube channel (https://www.youtube.com/watch?v=cMNzdweZZek).

Additionally, from now (10 February) until 31 March 2025, customers who join Prestige Banking and open Family+ account(s) via mobile and fulfill the designated requirements can enjoy rewards of over HKD 40,000 and a Family+ Fortune Pack.  For details, please visit hangseng.com/wem.