Hong Leong Financial Group is a multi-industry financial company that was originally founded as a company for trading. Established by Kwek Hong Png and Quek Leng Chan, the institution now controls over 14 active companies that focus on the development of infrastructures and properties, distribution, and services for finance. This is known to be one of the leading financial service providers across Vietnam, Hong Kong, China, Singapore, and Malaysia. Right now, Hong Leong Financial Group has established some major subsidiaries, like Hong Leong Assurance, that provide a very broad spectrum of services including stock-broking, capital markets, investment banking, fund management, insurance, treasury, and banking; visit Maid Insurance Singapore for details regarding their insurance services. And to know more about these major divisions, compiled below are some of their ideas and overviews.
Hong Leong Assurance, or commonly known for its abbreviation as HL Assurance, is the group’s division that focuses on the services regarding insurance products. This has a variety of plans including Travel Protect360, Car Protect360, Home Protect360, Phone Protect360, Critical Illness Protect360, and Accident Protect360.
As an overview, Travel Protect360 covers 60% of the client’s single trip, 50% for his or her annual travel plan, and additional immediate medical claims with bonuses of vouchers for free travel. The Car Protect360 deals with the complimentary services of the car and takes 25% of its price. For the Home Protect360, this is great security for the people’s home because the plan has a complimentary home concierge and covers 15% of expenses. Phone Protect360 is great for the expenses related to the maintenance of the phone because the plan takes 25% of the total amount. And lastly, for the Critical Illness Protect360 and Accident Protect360, free health screening and 10% coverage of expenses are provided by each plan, respectively.
For clients and organizations that are having problems with their finances about the circumstances related to the management of stocks and investments, HLG Capital is one of the best institutions to help deal with these types of problems.
HLG Capital is the investment holding company of the Hong Leong Financial Group which focuses on the options broking, share financing, unit trusts, fund management, corporate advisory services, acting as nominee and agent for clients, and stock and share broking. Right now, the company was able to expand its services with the use of modern and digital systems because new strategies for transactions regarding the management of unit trust fund and stock trading facilities are available online.
Another investment company, Guoco Group focuses primarily on the activities which involve banking and finance, fund management, investment advisory, insurance, stock and commodity broking, development and investment of properties, treasury management, and investments. This provides the creation of prime capital values for its clients and shareholders and aims to help their businesses achieve the standards of realizing the long term values of shareholders and the sustainability of the business. Furthermore, the company does also takes into account their stakeholder’s interests and continues supporting certain communities in specific ways to enhance the reputation of the group and as well as their relationship with their employees, business partners, customers, and other stakeholders.
Hong Leong Bank
One of the major public banking groups in Asia, Hong Leong Bank has over 329 branches established all across the United States, Cambodia, Vietnam, China, Hong Kong, Singapore, and Malaysia. Founded last 1905, this bank has expanded its services and included Hong Leong Connect Mobile Banking Hong Leong Connect Online Banking, Islamic Banking, Priority Banking, Global Markets, common Banking, Business and Corporate, and Personal Financial Services as their products.
As of the year 2014, the bank has recorded to have reached revenue with a total of 4.039 billion Malaysian ringgit, 2.102 billion Malaysian ringgit for its net income, and 170.4 billion Malaysian ringgit for its total assets. Moreover, the company’s services for the business division are subdivided into groups including online and mobile banking, Islamic financial services, global markets, business and corporate banking, and personal financial services. As a summary, the most common business division services they offer are Islamic financial services which focus on the Islamic Wealth Management, transactional banking services, Islamic wholesale and investment banking, and Shariah-compliant commercial banking, personal financial services which includes priority banking services, wealth management, deposit products, and retail loans, and business and corporate banking which features debt capital market solutions, cash management, liability, and deposit management products, and term loans.
Hong Leong Financial Group visions to become an integrated services group that meets the client’s needs for investments and finances consistently and to become the leading company within the industry of financial services and all other areas in which the group operates. With their diverse businesses and divisions like Hong Leong Assurance, the group was able to create a name within the field of hospitality and leisure, property investment and development, financial services, and manufacturing and distribution. Moreover, the company was known for great services regarding their maid insurances, thus, for those who are curious about their features, click here to visit Maid Insurance Singapore.