BI: Hong Kong Likely to Outperform Consensus Fee Forecast
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Hong Kong banks are expected to outperform consensus fee forecasts, driven by growth in wealth-related income, according to a Bloomberg Intelligence report. The banks are projected to exceed the forecast of low teens fee growth in 2026, with wealth fee growth estimated to surpass 20% across fund sales, brokerage income, and bancassurance. Factors contributing to this positive outlook include increased inflows from mainland Chinese migrants, momentum from IPOs, and a strong risk appetite due to anticipated Fed rate cuts and optimism in AI development.
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