Wrise Prestige accelerates mainland China expansion with new offices, AI lab

The wealth management firm has invested HK$30 million in AI-related development as it focuses on scaling up its business on the mainland

Wealth management provider Wrise Prestige is stepping up its investment in artificial intelligence technology as the firm looks to expand its footprint on the Chinese mainland and power its next phase of growth.

The Singapore-headquartered firm planned to open an AI laboratory in Guangzhou next month to house its technology team, following a HK$30 million internal investment in AI-related development, senior executives said during a media briefing marking the company’s second anniversary in Hong Kong on Tuesday.

The initiative will focus on building enterprise systems and streamlining operational efficiency across the group, with further capital expenditure planned for future tech initiatives, according to the company.

Henry Shin, the company’s chief executive, said the plan aimed to merge technology with professional expertise rather than replace human advisers.