The number of Malaysians with at least $250,000 (RM1.18 million) in financial assets is expected to double in the next 10 years, driven by strong economic growth and the rise of the high-income group.
The optimistic projection is driven by the country's strong economic growth and the rise of the high-income group. HSBC Bank believes that this development will create more Malaysians who are able to achieve high financial levels and maintain asset stability.
HSBC's Head of International Wealth Banking and Premier Asia, Kai Zhang, said the opportunities to build and maintain wealth are expanding as the economy develops. HSBC expects the percentage of adults in Malaysia with financial wealth exceeding $250,000 to double in the next 10 years.
HSBC also announced that their Premier package has now been improved with a focus on four key aspects, namely wealth, health, travel and international banking to meet the needs of high-income customers.
Head of International Wealth Banking and Premier of HSBC Malaysia, Linda Yip, said the affluent are now increasingly demanding comprehensive solutions that encompass asset growth, health wellbeing and quality of life.
