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October 28, 2021

HSBC unveils new hub for HNW investors in Hong Kong and Greater Bay Area

By Verdict Staff

HSBC has established a new wealth hub in Hong Kong to tap the rising number of high-net-worth (HNW) investors in Hong Kong and the Greater Bay Area.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
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Located at Victoria Dockside in Tsim Sha Tsui, K11 ATELIER HSBC Wealth Centre will serve the HNW customers in Hong Kong and Mainland cities of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) under Wealth Management Connect.

The banking giant said the new hub will provide a range of advanced and tailored wealth solutions to clients with investible assets of at least $1m.

The move comes as the bank sees continued growth in its wealth business in the region, particularly in the affluent segment, following growing demand for wealth management services in Asia.

According to HSBC, its assets under management (AUM) for HNW clients in Hong Kong grew nearly 30% from last year as of the end of June 2021. The bank also registered a double digit growth in wealth income.

HSBC head of wealth and personal banking Hong Kong Maggie Ng said: “Located at one of the landmark buildings in Hong Kong, this flagship centre will provide HNW clients with a spacious, relaxing and private environment for holistic discussions with their dedicated relationship managers about their wealth ambitions, whether it be related to asset building, education for kids, posterity planning for the next generation or other financial goals.”

The wealth centre, which situates adjacent to HSBC Life Para-medical Centre, will also on-premises professional medical experiences in addition to protection, wealth and legacy planning.

HSBC Asia Pacific regional head of wealth and personal banking Greg Hingston said: “Our high net worth proposition is key to our ambition to become Asia’s leading wealth manager for clients across the wealth continuum. And we continue to see good momentum.”

In August this year, the British bank launched a portfolio-based advisory solution to help HSBC Jade clients with professional investor status in Hong Kong to develop a diversified portfolio.

This April, Bloomberg reported that HSBC opened a new institutional family office in Hong Kong and Singapore to offer super-rich customers in Asia access to a full range of investment banking products.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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