Latest news with #KGIBank
South China Morning Post
02-08-2025
- Business
- South China Morning Post
Can Hong Kong's IPO boom plug the hole in the city's floundering office market?
In the first instalment of our two-part series on Hong Kong's beleaguered property market, industry players pin their hopes on the resurgent IPO scene to boost office uptake and ease the pain for developers struggling with US$18.8 billion of loans. Advertisement KGI Financial Holding's expansion in Hong Kong has breathed new life into the city's struggling commercial real estate sector, with the Taiwanese financial firm leasing about 40,000 sq ft of space in the central business district. Managing nearly US$135 billion of assets, the diversified financial group has expanded its existing securities and venture operations, and more recently opened the first overseas branch of KGI Bank , burnishing the city's image as a global financial hub. 'As an international financial centre, Hong Kong boasts of highly developed financial infrastructure and professional services,' said Kate Lin, president of KGI Bank. 'Its capital markets and financial industry are well-established, offering abundant funding support to businesses across various sectors.' The Hong Kong branch 'marks an important milestone for KGI Bank in developing overseas markets', Lin said in a written reply to the Post, as it sought deeper collaboration with other units in the group on cross-border capital management, financing and wealth management solutions for corporate and high-net-worth clients. A foggy view of Central, Hong Kong's main central business district. Photo: Eugene Lee The group, through KGI Securities, spent about HK$4 million (US$509,561) a month to rent the 33rd and 34th floors of One Pacific Place , the former headquarters of Swire Pacific – the parent of Swire Properties – which owns the 36-storey grade A office tower, according to sources.
Yahoo
22-07-2025
- Business
- Yahoo
KGI Bank opens first overseas branch in Hong Kong
Taiwan-based KGI Bank has officially opened its branch in Hong Kong, which will focus on wealth management services. The move marks the bank's first foray into international markets. KGI Bank, a subsidiary of KGI Financial Holding, anticipates that this expansion would enhance operational scale and business capabilities, and also aligns with its international growth strategy. The Hong Kong branch will utilise the extensive resources of KGI Financial and implement a 'One-Window Integration' service model, providing a one-stop platform for a wide range of financial solutions. In the wake of the branch opening, KGI Bank plans to collaborate closely with KGI Securities and CDIB Capital, leveraging their market expertise in Hong Kong. This partnership aims to integrate group resources and offer differentiated financial products and services throughout the Asia-Pacific (APAC) region. The 'One KGI' strategy will facilitate a seamless transition from Taiwan to Hong Kong, further solidifying KGI Bank's reputation for comprehensive financial services in the Greater China area. KGI Bank president Kate Lin said the inauguration of Hong Kong branch is a significant milestone for the bank. 'By integrating our Hong Kong branch with KGI Securities, we will be able to deliver robust domestic and cross-border wealth management planning.' In Taiwan, KGI Bank recently secured approval for a Wealth Management 2.0 license from local regulator Financial Supervisory Commission. The bank is actively working to set up a presence in the Kaohsiung Asset Management Hub. KGI Bank provides several financial services such as deposits, loans, payments, credit cards, investment and wealth management, as well as tailor-made financial solutions for domestic and foreign legal entities. "KGI Bank opens first overseas branch in Hong Kong" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
