2 1 Shi Ji Jing Ji Bao Dao·2025-09-16 06:07Core Insights - HSBC emphasizes the importance of wealth management in navigating global economic uncertainties and the ongoing transformation of the Chinese economy [2][3] - The bank aims to leverage its long-standing presence in Asia to provide diversified global investment opportunities for its clients [2][3] Group 1: Wealth Management Opportunities in Asia - HSBC identifies Asia as a key growth area, with projections indicating that nearly 30% of the $92 trillion in new global financial wealth from 2023 to 2028 will originate from the region [3] - Hong Kong is projected to become the largest offshore wealth management center by 2029, with an estimated offshore asset management scale of $2.7 trillion in 2024, reflecting a growth of approximately $230 billion from 2023 [3][4] - Singapore is also emerging as a significant offshore wealth management hub, with its offshore asset scale expected to reach $1.9 trillion in 2024, an increase of $200 billion [3][4] Group 2: Domestic Wealth Management in China and India - China and India are experiencing rapid growth in their onshore wealth markets, with China's onshore liquid assets estimated at $26 trillion and India's at $4 trillion by 2025 [5] - HSBC's wealth management business in Asia saw a 22% revenue growth in the first half of the year, attracting $44 billion in new investment assets, with $27 billion (60%) coming from Asia [5] Group 3: Strategic Focus in China - HSBC's strategy in China is encapsulated in three key areas: Continuity, Connectivity, and Collaboration [8][9] - The bank aims to provide comprehensive services across various stages of client relationships, leveraging its global network to connect clients with international opportunities [8][9] - HSBC is enhancing its private banking services and has introduced integrated banking services for entrepreneurs, combining personal and corporate wealth management [10] Group 4: Product and Talent Development - HSBC is expanding its product offerings by collaborating with leading asset management firms to provide a wider range of investment options across various sectors [11] - The bank is also focused on building a strong talent pool, particularly in fintech, to support its growth in wealth management [12][14] Group 5: Digital Transformation and AI Integration - HSBC is investing in digital technologies, including AI, to enhance customer experience and operational efficiency in wealth management [13][15] - The bank emphasizes the importance of balancing cost, customer experience, and risk management in its digital transformation efforts [14][15]