HSBC Premier To Assist With Overseas Education Planning
HSBC expects growing affluence in Asia's emerging economies to further boost aspirations for international studies amongst students in the region.
Nearly 2.5 million young Asians are expected to study overseas in 2020, up by 141 per cent from 2008.
Over six in 10 of Asia's international students will be from mainland China and India, whose overseas student population are estimated to grow by 138 per cent and 188 per cent, respectively in 2020 from 2008.
Dayangku Hamidah Pengiran Haji Othman, Acting Head of Retail Banking and Wealth Management, HSBC Brunei, said, "Comprising over a third of the global international student population, Asian students will continue to flock to traditional overseas learning destinations such as the US, UK and Australia.
"However, we expect the trend towards greater intraregional education to strengthen in the coming years with China, India and Singapore as emerging destinations."
HSBC anticipates growing demand for international studies to significantly impact the way Asian families save and manage their finances in the future.
Dayangku Hamidah added, "Without sufficient planning and preparation, many Asian families may find themselves financially challenged as their aspirations of sending children overseas to study grow.
"HSBC Premier sees a huge opportunity to support families in this journey: From saving early towards an education fund, to preparing for school and departure as well as ensuring day-to-day financial support overseas."
HSBC Premier provides a range of services to facilitate and assist families planning for overseas education.
These include:
- Prior to departure, HSBC can facilitate arrangements to open an overseas bank account to help the child settle in more easily in the new city;
- At any time, free fund transfers can be made between your HSBC Premier accounts via Global Transfer to cover overseas financial needs and any other unexpected expenses while your child is abroad;
- In case of emergency such as lost card and belongings, emergency cash of up to US$2,000 or the local currency equivalent can be made available.
- Prior to departure, HSBC can facilitate arrangements to open an overseas bank account to help the child settle in more easily in the new city;
- At any time, free fund transfers can be made between your HSBC Premier accounts via Global Transfer to cover overseas financial needs and any other unexpected expenses while your child is abroad;
- In case of emergency such as lost card and belongings, emergency cash of up to US$2,000 or the local currency equivalent can be made available.
Between now up until August 31, customers who sign-up for HSBC Premier package will receive 13 lucky draw chances to stand a chance of winning weekly lucky draw prizes of lifestyle vouchers for dining, shopping, travel, gadget and furniture worth between $100 to $500.
In addition, these customers will also stand a chance to drive away a luxurious Mercedes-Benz new generation C180 CGI BIueEFFICIENCY, the grand draw prize of The Gourney campaign.
In addition, these customers will also stand a chance to drive away a luxurious Mercedes-Benz new generation C180 CGI BIueEFFICIENCY, the grand draw prize of The Gourney campaign.
HSBC Premier has also recently launched a comprehensive overseas education online platform via www.hsbcpremier.com.bn.
This new platform provides useful information such as country and education guides, university rankings, education agents' exposition and seminar schedules and pre-departure check-lists.
Meawhile, Rohani Haji Mohd Salleh, Manager Premier Centre, HSBC Brunei said, "Saving for children's education is among our customers' top wealth priorities.
HSBC Premier Relationship Managers are well equipped to develop a tailored wealth plan for their children's education goal.
HSBC Premier helps take care of customers' overseas financial needs, allowing them to focus on their children's studies and early adjustment into a new environment." -- Courtesy of Borneo Bulletin
