Wonder how to start your investment? Starting with fund investment is probably a nice route! Today, ZA One has launched a fund investment service &ndash; being your buddy all the way. 😎
We charge zero transaction fee and platform fee regardless how many times you subscribe, so every penny is truly spent on your investment.
Also, a wide range of fund choices including HK stocks, US stocks, US bond, China bond, technology, biotechnology, consumption and ESG are available. 🌐
Your wealth journey can start from just HKD 1 🤑. More, there is a unique in-app fund radar analysis for you.
Let&rsquo;s start your first HKD 10,000 fund subscription to earn HKD 100 reward3! Download ZA One now to begin your wealth journey!
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<a href="https://zaone.onelink.me/vOQR/2f30ee4b" target="_blank" rel="noopener">Download ZA One</a>&nbsp;
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1. &nbsp; &nbsp;Fund investment service is provided by AA Investment Management Limited (&lsquo;AA Invest&rsquo;). AA Invest is regulated and licensed by the Securities and Futures Commission of Hong Kong (SFC CE No.: BQF712) with Type 1, 4 and 9 regulated activities. &nbsp;AA Invest is the business partner of ZA International Financial Services Limited (&lsquo;ZAIF&rsquo;) and offers the above regulated activities via ZA One.&nbsp; 2. &nbsp; &nbsp;ZA One is an App developed and operated by ZAIF. ZA One and ZAIF are not provider of fund investment service. The fund investment service in ZA One and ZAIF are for reference only and is not any personalised investment recommendation, does not constitute any offer, invitation or recommendation to any person to enter into any transaction described therein or any similar transaction. ZA One and ZAIF will not make any representation, make no guarantee, representation or warranty and accept no responsibility or liability as to its accuracy or completeness and shall not be held liable for damages arising out of any person's reliance upon this information.&nbsp; 3. &nbsp; &nbsp;The promotional offer is provided by AA Invest. Please refer to relevant <a href="https://ivstreg.zajourney.com/agreement/pdf/en_US/1000281" target="_blank" rel="noopener">terms and conditions</a>. The reward is in a form of ZA Coin (a third-party reward scheme operated by ZAIF). Terms and Conditions of ZA Coin apply for redemption. For details, please visit coin.za.group. AAIM is not obliged to notify you of any changes or latest announcements of ZAIF. 4. &nbsp; &nbsp;The information is for reference only and does not constitute any offer, invitation or recommendation to any person to enter into any transaction described therein. Investment involves risks. The price of investment products may fluctuate or even become worthless. Past performance is not an indicator of future performance. Losses may be incurred rather than making a profit as a result of investment. You should carefully and independently consider whether the investment products are suitable for you in light of your investment experience, objectives, financial position and risk profile. Independent professional advice should be obtained if necessary. Please read the relevant terms and conditions together with the risk disclosure statements in the prospectus of the investment product before making any investment decisions. The content has not been reviewed by SFC or any regulatory authority in Hong Kong.&nbsp;

🤑 Your fund investment buddy is here! 

&lsquo;Be the Game Changer&rsquo;, we did it once again,&nbsp;launching investment fund service today. You can now subscribe various funds around the world from&nbsp;famous fund houses with 0 fees1, making your every penny count.
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From opening an investment account to your first fund purchased, it only takes as fast as 5 minutes.2 Open ZA Bank App to experience the revolutionary banking experience now.&nbsp;&nbsp;
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Entering fund page&nbsp;
Open ZA Bank App, tap &lsquo;Wealth&rsquo; at the bottom tab and then tap &lsquo;Investment fund&rsquo;.&nbsp;
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/image/c4326931-6e90-4b2e-95d3-6cc6dd5061e8/95c99cf9-f1cc-4472-ae43-e1058c1b3a23/Frame 1000004046.png" alt="" width="363" height="546" />
Investment fund main page&nbsp;
You can check out the recent &lsquo;Top selling funds&rsquo;, &lsquo;Top dividend funds&rsquo; and &lsquo;Top performance funds&rsquo; on the main page. 3&nbsp;
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/image/c4326931-6e90-4b2e-95d3-6cc6dd5061e8/d5ba4068-c45b-4c04-9856-6eb2d92e6066/ZA Bank_基金首頁_EN.png" alt="" width="363" height="538" />
Open investment account&nbsp;
Complete a simple risk profiling questionnaire and understand your investment objective. Once you&rsquo;ve successfully opened an account, you can invest right away!&nbsp;
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/image/c4326931-6e90-4b2e-95d3-6cc6dd5061e8/b78d4af2-dcab-4d6d-a5a4-1b6cd584cead/ZA Bank_開通投資賬戶_EN.png" alt="" width="896" height="576" />
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Subscribing fund&nbsp;&nbsp;
Choose the fund you like and&nbsp;click &lsquo;Subscribe&rsquo;. Enter subscription and click &lsquo;Next&rsquo;, the subscription will be on its way and you can check the status of your subscription. &nbsp;
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/image/c4326931-6e90-4b2e-95d3-6cc6dd5061e8/e03001d2-af74-4370-82bb-0e399c1d6537/ZA Bank_認購基金_EN.png" alt="" width="896" height="578" />
😉 What&rsquo;s more, you can earn up to HKD 1,888 reward by completing&nbsp;quests in ZA Quest!4
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<hr />
1. Promotion period is from today to 31 Dec 2022. Eligible users must successfully open an investment account with ZA Bank during the promotion period to enjoy the 0% subscription fee offer during the promotion period. <a href="https://bank-invest.za.group/agreement/pdf/en_US/1000538">Terms and Conditions</a> apply. 
2. The time needed for investment account opening is subject to actual circumstances. In general, provided that no extra information is required, an existing ZA Bank user can open an investment account and complete fund subscriptions in as fast as 5 minutes. 
3. &lsquo;Top selling funds&rsquo; refers to the top 3 selling funds by the number of subscriptions among all funds distributed by ZA Bank in the past 14 days. &lsquo;Top dividend fund&rsquo; refers to the 3 funds with the highest dividend yield at ZA Bank. Dividend yield is the dividend amount declared over the past 12 months as a percentage of the last month-end fund unit price. The dividend amount is not guaranteed and past performance is not indicative of future results. &lsquo;Top performance funds&rsquo; refer to the top 3 3-year best performers among all funds distributed by ZA Bank under each fund category. 
4. Promotion period is from today to 31 Oct 2022. During the promotion period, users fulfil the following 3 clause may get the rewards. Reward is in a form of ZA Coin. 100 ZA Coin = HKD 1. ZA Coin is a third-party reward scheme operated by ZA International Financial Services Limited. Users are required to link up their ZA Bank account with ZA Coin account. <a href="https://bank-invest.za.group/agreement/html/en_US/1000445">Terms and conditions</a> apply.&nbsp;
<ul>
<li data-leveltext="" data-font="Symbol" data-listid="14" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:420,&quot;335559991&quot;:420,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="1">Existing ZA Bank users may get up to 8,800 ZA Coin by successfully opening an investment account.&nbsp;</li>
<li data-leveltext="" data-font="Symbol" data-listid="14" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:420,&quot;335559991&quot;:420,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" aria-setsize="-1" data-aria-posinset="2" data-aria-level="1">After the successful investment account opening, users may get up to 80,000 ZA Coin for the first fund subscription (minimum subscription amount is HKD 100).&nbsp;&nbsp;</li>
<li data-leveltext="" data-font="Symbol" data-listid="14" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:420,&quot;335559991&quot;:420,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" aria-setsize="-1" data-aria-posinset="3" data-aria-level="1">Users may get up to 100,000 ZA Coin by holding investment funds of HKD 10,000 or above for 20 trading&nbsp;days.&nbsp;</li>
</ul>
Important risk statement&nbsp;
Investment involves risks. The price of investment products may fluctuate or even become worthless. Past performance is not an indicator of future performance. Losses may be incurred rather than making a profit as a result of investment. This promotion material is for reference only and does not constitute and should not be regarded as any recommendation, offer or solicitation to purchase or sell any investment products. You should carefully and independently consider whether the investment products are suitable for you in light of your investment experience, objectives, financial position and risk profile. Independent professional advice should be obtained if necessary. Please read the relevant terms and conditions together with the offering document and risk disclosure statements of the investment product before making any investment decisions. This promotion material has not been reviewed by SFC or any regulatory authority in Hong Kong. ZA Bank is acting as your agent to handle the transaction. The investment product is provided by a third-party but not ZA Bank. In respect of eligible dispute (as defined in the terms of reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) out of the selling process or processing of the related transaction, ZA Bank will enter a Financial Dispute Resolution Scheme process with you. However, any disputes over the contractual terms of the product should be resolved directly between you and the third-party product issuer. The information, products and services available is intended for Hong Kong residents only and should not be construed as a distribution, an offer to sell, or a solicitation to buy any securities in any jurisdiction where such activities would be unlawful under the laws of such jurisdiction. If you are outside of Hong Kong, we may not be authorised to offer or provide you with the products and services available in the country or region where you are located or resident.
Issued by ZA Bank Limited

Buy funds via ZA Bank, and empower your finances today!

BOO! 👻 This month is all about excitement! Read on to see what we did to spice up this spooky season!
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October round-up 
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Here are the events you missed while you were busy visiting haunted houses! 🕷️🕸️
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📚 Overseas education sharing 
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Planning for overseas study is difficult as carving a pumpkin! 🎃 So, we have invited Shirley, Country Program Manager at EF Education First, to share some tips and answer some questions from parents on the spot. We have covered everything you need to know about studying abroad, from picking which destination to budgeting.
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Learn more 👉 <a style="color: #32cb9d;" href="https://blog.za.group/en/article/study_abroad">ZA-exclusive event: Tips for studying abroad</a>
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📱 User interview on our investment services
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Haunted houses are creepy, but the thought of upsetting you scares our socks off. 🧦 That's why we chatted with some of you about our newest service - investment, to make sure we are working on what you need (so you will not ghost us!) And seems we got some great feedback on our future development on product and the UX/UI, for new updates or events! 👀
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New app features and offers
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We got no tricks but some treats for your candy bucket! 🍬
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🆙 PowerDraw items 
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Here comes the real game-changer! 😎 You can now choose 1% Guarantor or Eliminator to secure a guaranteed reward from PowerDraw. <a href="https://bit.ly/3TWolX6" target="_blank" rel="noopener">Terms and Conditions</a> apply.
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/image/a05c0065-16fa-4712-b00d-98d4b2d5fdce/6aa181d2-eecd-49a3-a439-68ce0edac0f0/MicrosoftTeams-image (241).png" alt="" />
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☕ Coffee Pass
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Drinking coffee is the best way to clear your mind after a sleepless horror movie night. 🧟 Get yours from Starbucks, %Arabica, and with ZA Coin at a discounted price now! <a href="https://bit.ly/3DdISQ8" target="_blank" rel="noopener">Terms and Conditions</a> apply.
<img src="https://cdn.zaticdn.com/if/ipage/prd/data/image/a05c0065-16fa-4712-b00d-98d4b2d5fdce/7eb14369-41bc-496c-9e0c-0cc2a2abc7c0/MicrosoftTeams-image (238).png" alt="" width="1920" height="2507" />
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Upcoming events
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What's next after Halloween? 🚗
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💬 Fintech week 
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Devon, our Alternate Chief Executive &amp; Co-Head of Retail Banking, will speak in the panel about the competitive edges of collaborating with FinTech on day 2. Don&rsquo;t miss if you are there!
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When: 1 Nov, 15:00 &ndash; 15:40
Where: Hong Kong Stage, Fintech Week, HKCEC
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Learn more 👉 <a style="color: #32cb9d;" href="https://www.fintechweek.hk/agenda-2022">Hong Kong FinTech Week | 31 Oct - 4 Nov 2022 | Agenda</a>
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📈 2023 investment outlook 
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We will have a user-exclusive deep dive session with Invesco, a market-leading investment management firm. Don't forget to sign up and explore the market trend for next year.
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When: 5 Nov, 15:00 - 16:00
Where: Suite 3402 - 07, 34/F, Tower 2, The Gateway, Tsim Sha Tsui
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Sign up here 👉 <a class="fui-Link ___m14voj0 f3rmtva f1ern45e f1deefiw f1n71otn f1q5o8ev f1h8hb77 f1vxd6vx f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f9n3di6 f1ids18y fygtlnl f1deo86v f12x56k7 f1iescvh ftqa4ok f50u1b5 fs3pq8b f1hghxdh f1tymzes f1x7u7e9 f1cmlufx f10aw75t fsle3fq" style="color: #32cb9d;" tabindex="-1" title="https://bit.ly/3U56bSZ" href="https://www.eventbrite.hk/e/2023-tickets-440222065047" target="_blank" rel="noopener" aria-label="Link https://bit.ly/3U56bSZ">Sharing: 2023 Investment Outlook Tickets | 5-Nov 2022 | Eventbrite</a>
You are now leaving our website and entering a third-party site.
All the information you provide will be subject to confidentiality and security terms of the applicable third-party site after accessing through this hyperlink.
ZA Bank&nbsp;Limited is not responsible for the content of such third-party site or any consequences in connection with your use of this hyperlink. &nbsp;&nbsp;&nbsp;
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⚽ World football season
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Something fun is on its way! Stay tuned!
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That's a wrap for this month. Have a spook-tacular, boo-tiful, wooo-nderful, and fang-tastic Halloween! 🦇💀
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In case you missed it: Here’s what happened in October

As global financial markets rapidly embrace digital assets, Hong Kong 🌏 &mdash;one of the world&rsquo;s leading financial hubs&mdash;is actively building a robust Web3 ecosystem. At&nbsp;ZA Bank, we believe that financial institutions must collaborate closely with licensed virtual asset trading platforms to drive market expansion&mdash;growing the pie for everyone 🍰&mdash;while regulatory advancements continue to&nbsp;boost market confidence.
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<h2>📈 Record-Breaking Digital Asset Inflows: A Booming Investment Landscape</h2>
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💰 In 2024, global digital asset investment product inflows reached USD 44.2 billion &mdash;a historic high nearly 4&times; the previous record set in 2021 🚀 ! Bitcoin (BTC) dominated by attracting USD 38 billion 🏆, while Ethereum (ETH) surged in late 2024, bringing total inflows to USD 4.8 billion*. This massive capital influx signals a growing institutional and retail appetite for digital assets, accelerating the maturity and unprecedented opportunities of the Web3 financial ecosystem.&nbsp;
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<h2>🏛️ Regulation &amp; Market Growth: Building a Resilient Digital Asset Ecosystem</h2>
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In recent years, the Hong Kong government 📜 has made significant strides in regulating and developing the digital asset sector. Key initiatives include the licensing of virtual asset trading platforms, the establishment of a regulatory framework for stablecoins, oversight of virtual assets over-the-counter (VAOTC) transactions, and the enhancement of custody services. These measures have provided greater clarity on the market&rsquo;s development trajectory, fostering a more stable and secure operating environment while strengthening Hong Kong&rsquo;s appeal to institutional investors and market participants. 💪
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<h2>💹 Expanding Tradeable Assets: Boosting Market Appeal</h2>
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Hong Kong&rsquo;s virtual asset market 📈 has progressively evolved beyond Bitcoin (BTC) and Ethereum (ETH), extending to ETF products. Licensed trading platforms have also begun integrating public blockchain tokens such as Solana (SOL) and Polygon (MATIC), offering investors greater diversification while reinforcing Hong Kong&rsquo;s position as a premier global Web3 financial hub. 📊
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However, the range of cryptocurrencies available to retail investors on licensed virtual asset trading platforms (VATPs) remains relatively limited, indicating significant room for further market development.&nbsp;To enhance market depth and investor accessibility, we believe Hong Kong should consider broadening the scope of tradeable digital assets by incorporating high-market-cap, highly liquid cryptocurrencies 💰.
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<h2>🌐 Embracing Web3: Creating a More Open Financial Landscape</h2>
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The evolution of the Web3 industry extends beyond technological innovation; it also necessitates the adaptation and advancement of financial infrastructure. In recent years, leading global financial institutions have begun exploring Web3 applications, such as leveraging blockchain technology to enhance cross-border payment efficiency 💸 and developing digital asset custody and investment solutions.
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Hong Kong&rsquo;s growing demand for digital assets presents a unique opportunity for traditional financial institutions 🏦 to deepen their understanding of the Web3 ecosystem 🔍. Within a robust regulatory and risk management framework, banks and financial institutions that proactively embrace innovation will play a pivotal role in strengthening Hong Kong&rsquo;s position as a global digital finance hub.&nbsp;
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<h2>🎯 The Road Ahead: Driving Web3 Finance Forward</h2>
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As the regulatory landscape matures and both institutional and retail participation expand, the Web3 financial ecosystem is entering a golden era of opportunity.
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As Hong Kong&rsquo;s first digital bank actively driving Web3 adoption, ZA Bank remains committed to collaborating with regulators, licensed exchanges, and market participants to foster a safer, more transparent digital asset market.
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We look forward to engaging with industry partners at Consensus 2025 to explore the future of Web3 finance, working together to establish Hong Kong as a global hub for digital assets and Web3 innovation. 🚀
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<hr>
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📌&nbsp;Source: <a href="https://blog.coinshares.com/volume-215-digital-asset-fund-flows-weekly-report-4f543c788af5?gi=59da191dd9d7" target="_blank" rel="noopener">CoinShares Report</a>
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Investment involves risks. Virtual asset is a new asset class and developed on the basis of new technology, involving unanticipated risks associated with acquisition, storage, transfer and use. Prices of virtual assets could be highly volatile and investors are reminded to pay extra caution when deciding to invest in virtual assets. The price of virtual assets may fluctuate or even become worthless. Past performance is not an indicator of future performance. Losses may be incurred rather than making a profit as a result of investment. The information in this platform is for reference only and does not constitute and should not be regarded as any recommendation, offer or solicitation to purchase or sell any investment products. You should carefully and independently consider whether the investment products are suitable for you in light of your investment experience, objectives, financial position and risk profile. Independent professional advice should be obtained if necessary. Please read the relevant terms and conditions together with risk disclosure statements before making any investment decisions. In respect of eligible dispute (as defined in the terms of reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) out of the selling process or processing of the related transaction, ZA Bank will enter a Financial Dispute Resolution Scheme process with you. The platform is not intended for distribution or use by any person in any jurisdiction, country or region where the distribution or use of this material is restricted and would not be permitted by law or regulation. If you are outside of Hong Kong, we may not be authorised to offer or provide you with the products and services available in the country or region where you are located or resident.&nbsp;

🚀 Driving the Future of Web3 Finance

【ZA Bank】🚀 Driving the Future of Web3 Finance

[2023 Investment Outlook] As the global markets are confronting risks arising in the economic recession, investors are wary about the rate hikes by the U.S. Fed. Against such a backdrop, how should they plan for the 2023 investment strategies amid a volatile stock market? ZA Bank hosted an exclusive seminar for our users on 5 November and invited Mr. Nixon Mak, Managing Director, Head of HK Pensions and Solutions Strategist, Asia Pacific, Invesco, to share the investment outlook for 2023.
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Invesco is one of the most experienced investment firms in the Asia Pacific. It has comprehensive geographical coverage with offices in Australia, China, Hong Kong, India, Japan, Singapore, South Korea, and Taiwan. As of 30 June 2022, it managed USD 1.4 trillion of assets globally with an on-the-ground presence in more than 20 markets1.
&nbsp;
In the seminar, Nixon shared Invesco&rsquo;s 6 investment outlooks that we can&rsquo;t miss
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⭐ 2023 Investment Outlook 1. Developed market stock
Developed market stocks are facing headwinds from valuation followed by lower earning growth.
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⭐ 2023 Investment Outlook 2. Japanese equities
Japanese equities are relatively less expensive but global growth will have an impact.
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⭐ 2023 Investment Outlook 3. Asian stocks
Asian stocks are sensitive to US interest rates, but reopening is supportive.
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⭐ 2023 Investment Outlook 4. HK-China equity
HK-China equity is attractive relative to DMs but lacks a driver.
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⭐ 2023 Investment Outlook 5. Fixed income asset (non-high yield)
Fixed income asset (non-high yield) is increasingly relatively attractive than early this year.
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⭐ 2023 Investment Outlook 6. Cash
Cash is the most defensive asset to cushion volatility in this environment.
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While there is no myth of an eternal rise, cyclical changes are always there. In 2023, don&rsquo;t forget to preserve your wealth before achieving a steady growth for your money.
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More fantastic events are coming soon. Stay tuned for our updates!
<ol>
<li>Source: Invesco Hong Kong website https://www.invesco.com/hk/en/about-us/who-we-are.html</li>
</ol>

2023 Investment Outlook | Where will the funds flock to during a volatile stock market? 

<img style="display: block; margin-left: auto; margin-right: auto;" src="https://cdn.zaticdn.com/if/ipage/prd/data/e794c3dd-45b6-4073-8b97-f49a640ca8d4/image/1cf93115-0136-4543-a079-0deda63befc7/blog-en1.png" alt="" width="729" height="800" />
The Hong Kong stock market experienced obvious corrections on 26 July and 27 July, with the Hang Seng Index dropped more than 980 and 1,100 points respectively to a low of 25,086 on 27 July. This 2-day drop marks a correction of about 8%. Referring to the attached chart, it demonstrated the index from August 2011 to July 2021. While this 2-day drop was significant, the 3-month index decline as of end of July is already about 10%. Looking at the index over the past decade, there had been quite a number of major market corrections.
 We tally the 3-month index point change for each trading days over the past decade and marked the 6 most significant index drops which occurred in May 2020 (down 18%), end of October 2018 (down 14%), mid-February 2016 (down 18%), early September 2015 (down 24%), early June 2012 (down 14%) and October 2011 (down 22%). Looking at the index chart, it seemed the market managed to rally back to previous high. With the recent correction in end of July, the valuations of the stock market can be more attractive to long-term investors.
 In order to observe if market corrections have any impact to IPO stock performance, we have compared the price changes on first listing day of IPOs before and after major market corrections. We obtain the price changes on the first listing day of 1,238 IPOs since July 2011, and then we calculate the 6-month average of these price changes before and after a market correction. Here are our observations:
&nbsp;
May 2020 (6-month average of first day price change before correction: +13%; 6-month average of first day price change after correction: +22%); End of October 2018 (6-month average of first day price change before correction: +12%; 6-month average of first day price change after correction: +5%); Mid-February 2016 (6-month average of first day price change before correction: +73%; 6-month average of first day price change after correction: +190%); Early September 2015 (6-month average of first day price change before correction: +188%; 6-month average of first day price change after correction: +216%); Early June 2012 (6-month average of first day price change before correction: +3.6%; 6-month average of first day price change after correction: +3.9%); and October 2011 (6-month average of first day price change before correction: +6.1%; 6-month average of first day price change after correction: +5.2%).
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Except for the corrections in year 2011 and 2012, when the average price changes were similar before and after a correction. The average price after a correction were better than the same before a correction three out of four times after year 2012. Therefore for IPO stocks investors, there could be more potential after the recent market correction in end of July 2021.
<hr />
 1) The above information is provided by AA Investment Management Limited. ^The 6 most significant index drops of the 3-month index point change for each trading days over the past decade, as of 31 Jul 2021.&nbsp; 2) IPOGo, investment services and discretionary client account services are provided by AA Investment Management Limited (&lsquo;AA Invest&rsquo;). AA Invest is regulated and licensed by the Securities and Futures Commission of Hong Kong (SFC CE No.: BQF712) with Type 1, 4 and 9 regulated activities. &nbsp;AA Invest is the business partner of ZA International Financial Services Limited (&lsquo;ZAIF&rsquo;) and offers the above regulated activities via ZA One.&nbsp; 3) ZA One is an App developed and operated by ZAIF. ZA One and ZAIF are not provider of IPOGo. The content of IPOGo in ZA One and ZAIF are for reference only and is not any personalised investment recommendation, does not constitute any offer, invitation or recommendation to any person to enter into any transaction described therein or any similar transaction. ZA One and ZAIF will not make any representation, make no guarantee, representation or warranty and accept no responsibility or liability as to its accuracy or completeness and shall not be held liable for damages arising out of any person's reliance upon this information.&nbsp; 4) There is a risk that the company's share price will drop below its initial IPO price; IPOGo client may suffer loss, please consider before participating in IPOGo service. 5) The promotional offer is provided by AA Invest. Please refer to relevant <a href="https://ivstreg.zajourney.com/agreement/pdf/en_US/1000197" target="_blank" rel="noopener">terms and conditions</a>, including (a) New Customer Promotion Code Offer; (b) Lifetime Management Fee Waiver Promotion and (c) Member Get Member Programme. The reward of New Customer Promotion Code Offer and Member Get Member Programme are in a form of ZA Coin (a third-party reward scheme operated by ZAIF). Terms and Conditions of ZA Coin apply for redemption. For details, please visit coin.za.group. AAIM is not obliged to notify you of any changes or latest announcements of ZAIF. 6) The information is for reference only and does not constitute any offer, invitation or recommendation to any person to enter into any transaction described therein. Investment involves risks. The price of investment products may fluctuate or even become worthless. Past performance is not an indicator of future performance. Losses may be incurred rather than making a profit as a result of investment. You should carefully and independently consider whether the investment products are suitable for you in light of your investment experience, objectives, financial position and risk profile. Independent professional advice should be obtained if necessary. Please read the relevant terms and conditions together with the risk disclosure statements in the prospectus of the investment product before making any investment decisions. The content has not been reviewed by SFC or any regulatory authority in Hong Kong.&nbsp;

IPO makes money in market corrections

&lsquo;Build Back Better&rsquo;
 For us, the most significant news flow in the quarter was in relation to climate action. The catchphrase to come out of the G7 meeting in Cornwall in the UK was &lsquo;Build Back Better&rsquo;. Central to that statement is the recognition that climate change mitigation and adaption, and protection of biodiversity, lie at the heart of achieving it. All G7 countries committed to deep emission reduction targets in the coming decade and to reach net zero carbon by 2050.
 A few weeks before the G7 summit the International Energy Agency (IEA) published a special report containing the world&rsquo;s first comprehensive study of how to transition to a net zero energy system by 2050 while ensuring stable and affordable energy supplies, providing universal energy access and enabling robust economic growth. A step change in investment in clean technologies is required this decade with a fourfold increase in annual renewable energy investment and a twentyfold increase in electric car production.&nbsp;
 Overall, the IEA sees a requirement for US$100 trillion in total clean energy investment over the next three decades. Whether Net Zero is achievable or not by 2050, one thing is certain, we believe there is an enormous investment opportunity ahead of us. The investment logic for low carbon investing has never been stronger and we see a large and diverse opportunity set.
 The above information is provided by Janus Henderson Investors
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ZA One: Sustainable development has become a global investment theme. If you are interested in this theme, please check out Janus Henderson Balanced Fund, Janus Henderson Flexible Income Fund and other funds with this theme on <a href="https://zaone.onelink.me/vOQR/2f30ee4b" target="_blank" rel="noopener">ZA One App</a>.
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