December newsletter
We’re playing a starring role for new sports park
We’ve been named as the exclusive Premier Founding Partner of Hong Kong’s Kai Tak Sports Park (KTSP).
KTSP – set to officially open in the first quarter of 2025 – is poised to become the largest integrated sports and entertainment venue in the city.
We’ll work with KTSP to deliver world-class sport, cultural and entertainment events to attract and connect people from all over the world.
The partnership was unveiled last week at the 50,000-seater Main Stadium of KTSP. The stadium, which has a retractable roof, will play host to the Cathay/HSBC Hong Kong Sevens in March.
“KTSP not only reflects Hong Kong’s success on the global stage, but also serves as a vibrant hub for our community,” said Luanne Lim, our Hong Kong CEO (pictured above left).
“This partnership also aligns with our upcoming celebration of 160 years in Hong Kong. We’re excited to partner with KTSP to enhance Hong Kong’s presence in international sports and entertainment.”
We’ll support KTSP in promoting community sports development, including through the construction of Hong Kong’s first outdoor badminton court at the Kai Tak Mall.
We also plan to establish a branch and ATM services in Kowloon East at the park.
Find out more about our Brand sports partnerships
Get ready for our Global Investment Summit 2025
We’ve announced the first round of speakers for our next Global Investment Summit (GIS) in Hong Kong, which builds on the success of this year’s inaugural event.
The 2025 summit, which takes place on 25-27 March, will bring together industry experts, political leaders, institutional investors and top decision-makers.
The speakers will join more than 3,000 delegates to discuss critical topics and provide insight on geopolitics, macroeconomics, financial markets and the latest innovations in technology, under the theme of “New Networks Connecting the Global Economy”.
The confirmed speakers so far include:
- Bonnie Chan, CEO, Hong Kong Exchanges and Clearing Limited
- Mario Draghi, former Prime Minister of Italy and former President of the European Central Bank
- Dr Keyu Jin, Global Economist, Harvard University
- George Osborne, former British Chancellor of the Exchequer
- Joe Tsai, Chairman, Alibaba Group
- Joey Wat, Chief Executive Officer, Yum China
- See the full list
Visit the GIS website for more details.
We are the UK’s Bank of the Year
HSBC UK, including M&S Bank and first direct, has been named UK Bank of the Year for the 2nd year running by The Banker.
In its awards editorial, The Banker said: “HSBC’s UK operations enjoyed a bumper year in 2024, as it delivered its best financial results since its retail and investment banking businesses were ringfenced in 2018. Net profits were up by more than 80% year on year.”
The Banker also highlighted how last year’s acquisition of Silicon Valley Bank’s UK operations, which were rebranded as HSBC Innovation Banking, continues to deliver “for the UK lender, boosting net interest margin and fee income”.
Ian Stuart, CEO, HSBC UK, said: “It’s been another fantastic year of supporting the financial health of our customers and the wider communities we serve.
“We focused on our strengths – leveraging our international reach to deliver for our personal and business customers at home and abroad, while also keeping focus on sustainability and doubling down on innovation.”
Achievements highlighted by Ian include:
- Helping Global Money customers save more than £10 million in FX fees
- Making it easier for businesses to manage their trade finance transactions with HSBC Trade Pay
- Reaching 645,000 young people with financial education
This recognition of our achievements in the UK comes as we prepare to simplify our Group organisational structure into four businesses to accelerate delivery against our strategic priorities.
From 1 January 2025, we will operate through four businesses with clear lines of responsibility: Hong Kong; UK; Corporate and Institutional Banking, and International Wealth and Premier Banking.
Accessible banking for everyone
Meet lifelong Hong Kong resident and HSBC client Chong Chan-yau.
Chong, who is blind, is a CEO, board member and advocate for disability rights, diversity and inclusion, and sustainability. He’s also been an HSBC customer for more than 50 years.
As we work towards becoming the world’s most digitally accessible bank, we’ve introduced accessibility standards that we follow when designing new products and services.
Watch our film to find out how Chong accesses our international services through voice output, braille displays and other assistive technology.