Asia Investor and Analyst Seminar 2018

HSBC is in a unique position to benefit from Asia’s continued development, Peter Wong, Deputy Chairman and Chief Executive, The Hongkong and Shanghai Banking Corporation Limited, told investors at the start of a three-day seminar in Hong Kong and mainland China.

Mr Wong and HSBC Group Chairman Mark Tucker opened the event on 9 April in Hong Kong. During the seminar, investors will also be visiting HSBC customers and operations in China’s Pearl River Delta, where the bank has been investing and expanding in recent years.

HSBC is the largest of the major international and regional banks in Asia. The region plays a key role in the bank’s success. Asia accounted for 50 per cent of Group adjusted revenues and more than 75 per cent of adjusted profit before tax in 2017. More than half of the bank’s workforce is in Asia, including around 30,000 people in Hong Kong and 24,000 in mainland China.

Mr Wong said: “Asia remains central to the bank’s strategy which is why we are investing in building our business in priority markets such as Greater China, Australia, India, Indonesia, Malaysia and Singapore. Our international network is unrivalled and we are in a strong position to support our customers in Asia and around the world as the region continues to grow and develop.”

A series of presentations will be made by HSBC executives over the three days, including closing remarks by HSBC Group Chief Executive John Flint. In addition to Mr Wong’s update on Asia strategy, topics include HSBC’s investment in wealth, digital technology, its businesses in ASEAN, India and Australia, and the bank’s aim of playing a leading role in the development of sustainable finance in Asia.

HSBC Asia Investor and Analyst Seminar, 9-11 April 2018: Presentations

Capturing opportunities

As outlined by Mr Wong, HSBC’s priorities in Asia are to leverage the bank’s international connectivity and to continue to capture emerging opportunities across the region. This includes plans to:

• Help businesses to participate in the Belt and Road Initiative, China’s long-term plan to invest in infrastructure and improve links with trading partners
• Further develop its business in China, including in the Pearl River Delta, as well as supporting outbound investment and expansion by Chinese businesses
• Strengthen its position as the leading bank for international use of the Chinese renminbi (RMB)
• Support Asia’s dynamic and rising wealth needs through more focused wealth propositions and expanded digital capabilities
• Capture opportunities arising from economic expansion and wealth creation across the Association of Southeast Asian Nations (ASEAN)