Investors can put as little as HK$100 into four funds via the SC Invest platform, helping them gain some investment experience
Standard Chartered, one of Hong Kong’s three note-issuing banks, on Wednesday launched a digital platform that allows investments in fund products with as little as HK$100 (US$12.80), hoping to turn depositors into investors.
SC Invest would allow investors to choose from four fund products via their mobile phones or desktop computers, according to Alson Ho Man-chun, head of wealth solutions at Standard Chartered Hong Kong.
“We have seen that many of our depositors have stable income and are well educated, but then they have no investment experience,” Ho said. The new digital platform aims to encourage these depositors to try putting as little as HK$100 to gain some investment experience, he added.
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