Hong Kong Economy
Written by: Zhang Weilun
2021-03-03 14:48
Last update date: 2021-03-03 14:48
In line with the HSBC Group’s goal of becoming a leading wealth management institution in Asia, HSBC Investment Management will accelerate investment deployment in Asia to capture the important wealth brought about by the rapid growth of wealth in the region, the aging population, and the booming demand for investment diversification opportunity.
HSBC Investment Management is committed to promoting its Asian business to stand out, providing first-class products to meet the investment needs of wealth management and personal banking1 all wealth client groups, including wealth management and personal banking services of high-net-worth and ultra-high-net-worth customers and important Institutional customers.
HSBC Investment Management will especially focus on high-confidence products in the areas of alternative investments, thematic fixed income, ESG and active stocks. Such products will be distributed through HSBC's institutional partners while expanding external distribution channels.
HSBC Investment Management will continue to invest in core markets such as Hong Kong, Singapore and Mainland China, and expand its product and distribution capabilities in emerging Asian regions (especially India and Southeast Asia).
In 2020, the Asian asset management scale of HSBC Investment Management increased to US$184 billion, an increase of 10% year-on-year, accounting for about one-third of the global asset management scale.
The growth in the scale of Asian assets under management was driven by strong Asian net new funds of US$9 billion and positive fund performance.
The scale of discretionary assets managed by HSBC Investment Management for private banking clients in Hong Kong reached US$13 billion, four times that of 2015.
Pedro Bastos, CEO of HSBC Investment Management Asia Pacific, said that HSBC has unique advantages to provide unique investment solutions to a broad customer base and attract new customers from its extensive Asian business footprint and global integrated banks.
On the one hand, we will use our global investment expertise to connect Asian clients to the rest of the world. On the other hand, the bank will help international investors grasp the opportunities presented by the fast-growing economies in the region through in-depth knowledge of the Asian market.
Last year, HSBC Investment Management launched more than 20 funds in Asia to meet the wealth management needs of wealthy clients, while continuing to expand the scale of alternative investments in infrastructure bonds and private equity to cater to the growing needs of institutional wealth asset owners.
In addition, HSBC Investment Management expanded its low-carbon funds from Hong Kong and Singapore to the Taiwan and Mainland China markets.
HSBC Investment Management also provides international investors with its leading Asian investment expertise, especially Asian fixed income and China investment capabilities.
In terms of global business, HSBC Pollination Climate Asset Management was established in August 2020 to create the world's largest asset management company and discover new climate solutions.
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