Pastel-coloured apartment blocks in the Marvila district of Lisbon, Portugal. Inquiries from Hongkongers about Portuguese property as a way to seek permanent residency have shot up in recent months. Photo: Bloomberg Pastel-coloured apartment blocks in the Marvila district of Lisbon, Portugal. Inquiries from Hongkongers about Portuguese property as a way to seek permanent residency have shot up in recent months. Photo: Bloomberg
Pastel-coloured apartment blocks in the Marvila district of Lisbon, Portugal. Inquiries from Hongkongers about Portuguese property as a way to seek permanent residency have shot up in recent months. Photo: Bloomberg
Business /  Banking & Finance

Hong Kong King Wai buys Portuguese digital bank BNI Europa, tapping opportunity as Hongkongers seek overseas residency amid political crisis

  • The conglomerate is also motivated by Beijing’s push to forge closer business ties with Portuguese-speaking economies
  • BNI will potentially be the only Portuguese bank to offer cross-border digital financial services in the Greater Bay Area and belt and road countries

Topic |   Mergers & Acquisitions
Cheryl Arcibal
Cheryl Arcibal

Updated: 9:20am, 25 Nov, 2019

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Pastel-coloured apartment blocks in the Marvila district of Lisbon, Portugal. Inquiries from Hongkongers about Portuguese property as a way to seek permanent residency have shot up in recent months. Photo: Bloomberg Pastel-coloured apartment blocks in the Marvila district of Lisbon, Portugal. Inquiries from Hongkongers about Portuguese property as a way to seek permanent residency have shot up in recent months. Photo: Bloomberg
Pastel-coloured apartment blocks in the Marvila district of Lisbon, Portugal. Inquiries from Hongkongers about Portuguese property as a way to seek permanent residency have shot up in recent months. Photo: Bloomberg
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