SingWealth sets foot in Hong Kong with new insurance brokerage licence

It aims to replicate the financial services model it has established in Singapore.

SingWealth Holdings has secured an insurance brokerage licence in Hong Kong, enabling the establishment of its new subsidiary, PFPFA HK Limited. 

The new licence will allow SingWealth to offer wealth management and insurance brokerage services to clients in Hong Kong and the Greater Bay Area. 

The company said it aims to replicate the financial services model it has established in Singapore to support a growing demand for cross-border financial solutions.

The move marks the company's formal entry into the Hong Kong market.

"Securing our insurance brokerage licence in Hong Kong is a pivotal step in SingWealth Holdings' regional growth strategy," said Jeffrey Chow, Director of SingWealth Holdings.

SingWealth’s new operations through PFPFA HK Limited will target individual and institutional clients seeking integrated financial planning services within the Greater Bay Area.