Ping An Digital Bank enters high-end wealth with private fund launch

It will work with J.P. Morgan Asset Management and Aberdeen Investments to offer semi-liquid fund prodcuts.

Ping An Digital Bank (PingAnDB) is expanding into the high-end wealth management segment.

The Hong Kong-based digital bank will roll out private fund products and dedicated offline services for the sector, it said in an announcement on 9 October 2026.

Its online platform will have analysis tools and trading experiences comparable to online brokerages, PingAnDB said.

PingAnDB said that it will collaborate with fund houses including J.P. Morgan Asset Management and Aberdeen Investments to offer semi-liquid fund products to its customers.

Hong Kong’s private banking and private wealth management business’ assets under management reached a record high HK$12.9t in 2025, according to data from the Securities and Futures Commission.

“Ping An Digital Bank is introducing private fund products, marking our debut as the first digital bank to step into the high-end wealth management sector,” said Ronald Iu, chief executive of PingAnDB.