PBEC Corporate Member DL Holdings a HK public listed private wealth management services firm see opportunities for wealth managers in Hong Kong.

While most of Asia’s wealth managers are eyeing the new economy sector, some market-leading Chinese companies in traditional industries that have accumulated substantial wealth offshore but still lack financial services due to their size and market cap can provide these managers with great opportunities. “We are in a very strange world where there are very good companies with market capitalization of between HK$3 billion and HK$6 billion, which are not large enough to attract the big investment banks to provide adequate services and coverage for them, but they are not penny stocks nor shell companies,” says Joseph Lang, chief executive officer of DL Securities and a DL Holdings partner, in an interview with The Asset.

Read more: https://www.theasset.com/wealth-management/42530/chinese-small-cap-companies-financially-underserved-in-hong-kong

 

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