PAObank has been granted Type 1 (dealing in securities) and Type 4 (advising on securities) licenses by the relevant regulator, marking its entry into the wealth sector.

The bank’s new wealth service will offer access to a range of investment products, including Hong Kong stocks, US stocks, and funds, broadening its retail banking wealth management offering.

PAObank plans to soft-launch the service to selected customers ahead of a wider public release.

The service provides broker-level trading functions with the safeguards of a licensed bank, combining features typical of both online brokers and traditional banks.

It will also offer pre-market and after-hours trading sessions for US stocks, extending trading access to up to 16 hours a day to allow customers to respond to market developments during daytime in Hong Kong.

Ronald Iu, Chief Executive of PAObank, said:

“PAObank is poised to expand our retail banking business by tapping into the investment market. Our wealth service combines speed, reliability and flexibility, offering customers a simpler and more seamless investment experience, seizing the opportunities to grow wealth just a fingertip away.”

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