Structured product income from wealth management at Hang Seng Bank has increased 10.6% to HK$241m (US$31m) in the first half of 2021 ended in June year-on-year (YoY).
However, the income from sales of self-issued and third-party structured products, which feature equity-linked structured products for retail investors, was significantly lower than the peak level seen in 1H 18 at HK$348m. It accounted for 4.7% of wealth management income, which rose 44% to HK$5.1 billion YoY driven by the recovery of investment returns on life insurance funds on the back of a more favourable equity market in 1H 21. Groupwide, the Hong Kong SAR-headquartered bank record
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