21世纪经济报道·2025-09-16 10:27Core Viewpoint - HSBC emphasizes the importance of wealth management in navigating the current economic uncertainties and aims to leverage its global capabilities to empower Chinese clients in seizing structural growth opportunities [1]. Group 1: Global Economic Landscape - The global economic landscape is undergoing reconstruction, with heightened policy and geopolitical risks, leading to a potential moderate slowdown in economic growth [1]. - HSBC views Asia, particularly China, as a key area for wealth management, with significant opportunities arising from the region's consumer market and ongoing industrial upgrades [3]. Group 2: Wealth Management Growth in Asia - Boston Consulting Group projects that from 2023 to 2028, global financial wealth will increase by $92 trillion, with nearly 30% of this growth originating from Asia [3]. - Hong Kong is expected to become the largest offshore wealth management center by 2029, with offshore assets projected to reach $27 trillion by 2024, an increase of approximately $230 billion from 2023 [3]. - Singapore is also emerging as a significant offshore wealth management hub, with assets expected to grow to $19 trillion by 2024, reflecting a $200 billion increase [3]. Group 3: Onshore Wealth Opportunities - China and India, as the world's most populous countries, are experiencing rapid growth in their onshore wealth markets, with China holding approximately $26 trillion and India $4 trillion in onshore liquid assets 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 4: Strategic Focus in China - HSBC's strategy in China is encapsulated in three Cs: Continuum, Connectivity, and Collaboration, focusing on providing comprehensive services across various stages of client relationships [8]. - The Chinese middle-income group, exceeding 400 million people, presents a stable client base for wealth management, transitioning from real estate investments to diversified asset allocations [7]. Group 5: Digital Transformation and Talent Acquisition - HSBC is focusing on attracting and retaining talent, particularly in fintech, to enhance its service offerings and digital capabilities [12]. - The bank is investing in AI and digital technologies to improve customer experience and operational efficiency while balancing cost and risk management [13].